Word: retooled
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...last week by the second lowering in its long-term debt rating this year; Standard & Poor's gave Ford's corporate bonds a simple A, rather than AA, rating. The change will make it much more expensive for the company to borrow the money needed to retool plants for small-car production...
That remains to be seen. Apart from the wage-price freeze, Kennedy seldom spells out his economic plans. He says that Congress should "breathe new life into the supply side" and that Government should "retool the American economy." When Kennedy is preaching to the converted, he sounds fiery and persuasive; when he encounters a skeptical middle-class audience, his voice goes flat and he often seems to lose interest. Kennedy's fervent defense of Government programs such as nutrition for the elderly and low-income housing please those directly affected, but they also confirm his image...
...industrial and a rising Third Wave, driven by computer technology that threatens to transform the way most of the world lives and thinks. It is a world of "info-spheres," "techno-spheres," "biospheres" and "psycho-spheres." A Third Wave society would be "de-massified" by computer-controlled factories that retool easily and make standardization obsolete. The traditional financial ties between producers and consumers would be altered to create "prosumers" who could make and maintain goods for their...
However, if the public is going to risk a billion-and-a-half on Chrysler. Congress should toughen Carter's proposal, and make granting the aid conditional on a commitment from Chrysler to use the money to retool for production of small, fuel-efficient cars, and also, as Rep. Henry Reuss (D-Wis) has advocated, for buses and rail equipment...
...opprobrium for stifling innovation. Says Donald Frey, chairman of Bell & Howell: "The biggest problem in the U.S. is not the lack of inventive capacity but the lack of businessmen willing to take the risk investments." The bottom-line obsession of many managers results in quick payoff investments to retool old products rather than expensive long-term spending to develop new ones. Though Texas Instruments this year will spend $155 million on research, Vice President George Heilmeier admits: "We have become conservative and spend less on basic research...