Word: ruhr
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Dates: during 1950-1959
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...crux of the problem, however, is Berlin," Hopper added. He insisted that we must stand firm there, predicting that "the Russians will be in the Ruhr before we know it, if we give up Berlin...
...Borinage mines are small, obsolete and uneconomic. As in the U.S.'s depressed Harlan County, Ky. (TIME, Feb. 23), coal seams are ever deeper and narrower, and the extraction cost is far above that of the big, modernized mines in the German Ruhr. Last year's recession created a glut in European coal-the surplus now stands at 26 million tons, with 7,000,000 in Belgium alone. The formation of the six-nation European Coal and Steel Community-creating a common market in these products in France, Italy, West Germany, Belgium, The Netherlands and Luxembourg-finally forced...
...from Communist Hungary two years ago, partly by agreeing to accept some of the price in cotton instead of cash, West Germany's Henschel Works fortnight ago snatched an Egyptian State Railways order for 108 diesel-electric locomotives away from both Russian and U.S. bidders. And in the Ruhr several major industrial firms are mulling over plans for a "Mideast pool" which would merge their commercial influence and intelligence services in a single network of "contact offices." Aware that such devices make West Germany best able of all Western nations to match the techniques of Soviet state capitalism...
GERMAN COAL TARIFF of $4.76 per ton on all imports over 5,000,000 tons will cut U.S. exports to Germany (10 million tons in 1958), although U.S. coal is $4 per ton cheaper than coal from less efficient Ruhr mines. Bundestag responded to pressure from German miners, who were laid off as coal stocks rose from 750,000 tons in 1957 to 13 million tons...
...HUGE RUHR MERGER is expected to link two former members of German steel trust dismantled in 1948. August Thyssen-Hütte (sales: $430 million) has asked permission from European Coal and Steel Community to buy Phoenix Rheinrohr (sales: $390 million). Authority will probably approve. Company would rank as Europe's biggest steelmaker, producing 5,000,000 tons a year, or 25% of West German supply, 10% of European Common Market output...