Word: speer
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Meanwhile, the domestic picture remains glum. Last week Chairman Edgar B. Speer of U.S. Steel said that his com pany would eventually have to close down its Youngstown, Ohio, operation, which currently employs 5,000 workers. It is clear that the Youngstown plants, with their ancient machinery, have also become geographically obsolete. Even if the Administration's trigger-price scheme succeeds, older plants like Youngstown's are unlikely to be salvageable...
Dumping is universally recognized as a violation of international trade law, but Carter confessed to the steelmen that he had been unaware of the problem until last week. Now, the President said, "we're going to do something about it." Said Edgar Speer, chairman of U.S. Steel: "We have been assured by this Administration that it would act promptly and aggressively on any antidumping cases brought before...
...questionable. The Treasury Department will have to thrash out pricing problems that approach the metaphysical. According to the way they add up the numbers, for example, the Japanese steelmakers contend that they are not dumping, just producing steel more efficiently. American mill executives swear that cannot be true. Says Speer: "No foreign producers, including those in Japan, can manufacture steel, ship it to this country and undersell our domestic product without engaging in unfair trade practices...
...Administration pledge to enforce antidumping laws has momentarily lowered the protectionist fever that had been mounting in the U.S. and the rest of the industrialized world (TIME, Oct. 17). Speer, who as head of the American Iron and Steel Institute is the industry's spokesman, said he did not recommend to Carter a so-called orderly marketing agreement, under which the Administration in effect would negotiate with other countries quotas on foreign steel to be shipped into the U.S. An OMA has been much talked about as a temporary balm for steel; similar agreements already restrict imports of shoes...
...high-rise city or Le Corbusier's ville mdieuse, are detached and scary: vast tower blocks, broad relentless avenues, a crushing regimentation. The idealism of the functionalist heroes (Mies especially) has the perfect internal unity of farce. It belonged to the same order of ideas as Albert Speer's designs for Hitler-a totalitarianism of structure. But they linger on paper as the dream architecture of the 20th century. Because these termitaries were never built, they could not be destroyed _ Robert Hughes