Word: planted
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Dates: during 1960-1969
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...approve a "taconite amendment" to the state constitution that gives mining companies, traditionally fair game for steep taxes, an assessment no higher than other businesses. One day after the election, in an indication of what was to come, U.S. Steel announced that it would build a $120 million taconite plant at Mountain Iron, Minn...
...trends together have touched off the greatest migration and building program in the steel industry's 101-year history. U.S. Steel and Inland, both longtime Chicago producers, have major expansion programs under way to add furnaces and finishing mills. Jones & Laughlin will erect a ground-up $600 million plant at Hennepin, 111. (TIME, July 9). Bethlehem is spending $400 million on a 3,300-acre complex of finishing mills at Burns Harbor, Ind. Youngstown Sheet & Tube is laying out $375 million for a blast furnace and finishing mills at East Chicago, and Midwest Steel, a division of National Steel...
...themselves in a country in which Stalinism and central authority are still deeply ingrained. The East German regime is trying to accomplish it by turning over more responsibility to a new generation of younger technocrats. The new Minister for Foreign Trade, Horst Sölle, is 41, and many plant managers are now between 25 and 40. While such men are sometimes critical of the East German economy, what they fault is not the totalitarian system, but the old, open-collared party hacks who resist change. Says Kurt Leopold, West Germany's former chief trade negotiator with East Germany...
Private industry is also stepping up its spending. Volkswagen is laying out $100 million to double its plant capacity, and Ford is investing $30 million to enable its truck and tractor factory to assemble automobiles as well. Alcoa has set up a pilot company as the first step toward establishing a $51 million aluminum works. The most hopeful investment field is in petrochemicals, where the government recently broke the long-held monopoly of state-owned Petrobras to attract more efficient private companies. Some ten corporations, including Jersey Standard, Gulf, and Phillips Petroleum, are now actively studying the investment possibilities. Brazil...
Another is a story of how Frances Marshal Lyautey, anxious to plant a tree, was told by his gardener that there was no hurry-it would not flower for 100 years. "In that case," said the marshal, "plant it this afternoon." Kennedy, concludes Sorensen, "believed in planting trees this afternoon...