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...Maclin Davis, a Nashville lawyer, had accumulated options to buy 4,000 acres around Haynes Haven farm. A few residents had mixed emotions. "I will hate to see the farmlands torn up," said Ronald Woody, assistant principal of Spring Hill High School, but he was happy that the GM plant would force the county to build a new high school. The current one was completed in 1937 by the New Deal's Works Progress Administration...

Author: /time Magazine | Title: GM Picks the Winner | 4/12/2005 | See Source »

...losers in the Saturn sweepstakes. Said New Jersey Governor Thomas Kean: "We're obviously disappointed. We knew we were a long shot, but we also knew we were in the competition." But Douglas Ross, Michigan's secretary of commerce, was more upbeat. "We win, no matter where the Saturn plant goes," he said. "If Saturn learns how to build cars competitive with the Japanese, that means the American auto industry centered in Michigan will survive and flourish...

Author: /time Magazine | Title: GM Picks the Winner | 4/12/2005 | See Source »

Hugging the eastern bank of the rust-colored Monongahela River, the mammoth Wheeling-Pittsburgh steel plant has long dominated the town of Monessen, Pa. (pop. 12,000), situated in the shadow of the Allegheny Mountains 40 miles south of Pittsburgh. Last week the mill was conspicuous for another reason. Hit by the first major strike of the United Steelworkers in 26 years, the Wheeling plant stood idle...

Author: /time Magazine | Title: Walking the Line at Wheeling | 4/12/2005 | See Source »

Wheeling workers said that management's demands were unacceptable. "We won't work for slave wages," said Paul Chasshind, one of many pickets marching last week near an entrance to the Monessen plant. His co-workers point out that together they have given back $141 million in reduced pay and profit sharing over the past three years. Labor leaders fear that if Wheeling-Pittsburgh achieves its goals, other steelmakers will be inspired to seek their own concessions from workers. Said Don Caterino, a third-generation steelworker: "If we cave in, workers at other mills will get buried...

Author: /time Magazine | Title: Walking the Line at Wheeling | 4/12/2005 | See Source »

Mexico, though, enjoyed at least one bit of good economic news last week. IBM announced that it would build a microcomputer plant near Guadalajara. The facility will be wholly owned by the American company, marking the first time Mexico has permitted a foreign high-tech firm to have 100% control of a local subsidiary. A 1973 law limits foreign ownership to 49%. In January, Mexico rejected IBM's proposal to build the plant, but the company made several concessions to get the deal. It agreed to invest $91 million over five years, instead of the $6.6 million initially planned...

Author: /time Magazine | Title: Business Notes: Aug. 5, 1985 | 4/12/2005 | See Source »

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