Word: peoria
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...Senate race [NATION, Oct. 8] creates a misleading impression of Senator Charles Percy's lawmaking record. He has had many legislative achievements, among them a provision of the current Export Administration Act that would assist small businesses in becoming successful exporters. When I campaign for Chuck Percy in Peoria later this month, I will point out to voters the importance of this legislation to the Illinois economy...
...interest on debt owed to American banks. Cheaper foreign steel keeps the price of Detroit's cars more competitive with those from Japan, so Detroit's autoworkers have reason to approve Reagan's decision. Major steel users who are big exporters, Caterpillar Tractor of Peoria, Ill., for one, are also in favor of lower-cost steel. It allows them to make products for sale abroad at more competitive prices...
...obstacles facing U.S. companies that sell abroad are nowhere more sharply limned than at the Caterpillar Tractor headquarters in Peoria, 111. Once the unchallenged leader in the manufacture of heavy-construction equipment, Caterpillar has been staggered by shrinking foreign markets and fierce competition. In 1982 and 1983 it lost a total of $525 million, and the number of employees in the U.S. assigned to the export business has fallen from 31,000 to 16,000. During 1984's first three months, it lost an additional $109 million. To stem its losses, the company has been forced to cut employment...
...transfer of manufacturing to places other than the U.S.," says Erskine Chapman, Caterpillar's head of worldwide sales. The company has arranged new manufacturing agreements with firms in South Korea, West Germany and Norway. Executive Vice President Peter Donis recently hinted that Caterpillar may even reduce operations in Peoria, where it has maintained its corporate headquarters for nearly 60 years...
...week, Langhorne Motley, Assistant Secretary of State for Inter-American Affairs, urged a "gentleman's agreement," possibly to classify and thus keep secret the requirements for continued aid. This would make it unnecessary for the Salvadoran government to submit to American demands in public. At a dinner in Peoria, Ill., Shultz argued that it is impractical for the U.S. simply to cut off aid to those governments that abuse human rights. Said Shultz: "This to me is a copout; it seems more concerned with making us feel better than with having an impact on the situation we deplore...