Word: ponts
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Dates: during 1970-1979
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...steel, utility, and other pollution-heavy industries figure that they will save 10% to 35% of their compliance costs. Du Pont predicts that the bubble policy will reduce annual pollution-control expenses at its 52 largest plants from $136 million to $55 million. Big companies have estimated that environmental control accounts for 77% of their federal regulatory costs...
...Johnson's plant in Tehran, which made baby products, was expropriated in August. GM still claims a minority interest in a Tehran auto factory, but it has been run by Iranians since GM pulled out the last five Americans and a Swiss a year ago. Last December Du Pont closed its fiber plant in Isfahan...
...central problem is that few people believe Big Business or Gigantic Government. Volcker of the Fed and Shapiro of Du Pont plus others meet in a posh resort in Hot Springs to speak of "easy money" and "the sooner we suffer the pain, the sooner we will be through it all." It would be more believable if it came from a motel in Davenport, Iowa...
Brookings Institution Economist Arthur Okun has a "nightmare vision" of a major employer without company-wide unions such as IBM or Du Pont announcing some day that it was starting cost-of-living allowances in order to "keep the union organizers off their front lawns." Okun warns that if such automatic inflation pay increases spread into nonunion firms, "you can mark that on your calendar as a black day for fighting inflation...
...largest savings will have to come from a combination of more tax incentives for buying home insulation, wood-burning furnaces and other oil-conserving devices, and much stiffer mandatory conservation rules. A number of innovative companies, including Du Pont, A T & T and General Motors, have reduced their energy use relative to their output by 17% to 30% since the Arab oil embargo of 1973; yet many more firms have gone on giddily wasting energy. Consider the beneficial effects of a 20% surtax on the commercial use of electricity: skyscrapers that are lit up all night long and advertising signs...