Word: oiling
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Dates: during 1980-1989
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...same time, momentous accidents have reminded citizens that commonplace industrial activities have vast destructive power when companies are careless. The deadly chemical accident in Bhopal, India, groundwater contamination at Colorado's Rocky Flats nuclear-weapons plant and the oil slick from the Exxon Valdez all suggest that safety is too low a corporate priority. "That's why there was such a sense of outrage over the Valdez," Johnson argues. "The consequences of mistakes are just so much greater today...
There is nothing precious in either Nakashima's designs or his workshop. He employs ten assistant craftsmen and uses some power tools to do the rough work. The oil finish of his furniture merely needs to be cleaned with a wet cloth. "We recommend hard use," says Nakashima. "A wood surface that is without a scratch or mar is kind of distressing. It shows no life and has no time value." His business approach is equally straightforward. "I wanted," he says, "to make furniture out of real wood without it costing that much more than you would...
...quite another. In Beijing, much of the public transportation system has been destroyed or damaged. Losses to the national economy are estimated in the hundreds of millions of dollars. Japan, China's largest foreign-aid donor, has announced a halt in negotiations for a $120 million loan for an oil project. The U.S. and Britain have suspended all public and private arms sales to China for the foreseeable future: the P.L.A. alone needs to replace more than 300 vehicles smashed or burned in the taking of the square...
...days of Marco Polo; for American corporations in the past few years, the dream started to come true. From a mere $1.2 billion ten years earlier, U.S. trade with China rocketed to $13.4 billion last year, including almost $5 billion of U.S. exports, such as farm goods, aircraft and oil-drilling equipment, and more than $8.5 billion of imports from China, such as clothing, toys and sporting goods. In addition, American corporations poured into China some $3.5 billion of direct investment. Everything from gelatin capsules to computers is churned out in more than 600 joint ventures or wholly owned...
...stopped some operations. Work ceased at Shanghai factories owned partly by Massachusetts-based Foxboro, an electronics company, and aircraft-making McDonnell Douglas. Chemical Bank suspended its efforts to organize a syndicate of U.S. and Japanese banks that would share in a $120 million loan to Sinopec, China's national oil company...