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...business backlash stings Japan in many ways. The U.S. is negotiating tighter quotas on Japanese steel and has just agreed on a quota for stainless-steel flatware. Many businessmen want the Government to go much further. Last year protectionists raced through the House a bill authorizing quotas on any foreign product that won as much as 15% of a U.S. market. The chief target: Japan. The bill died in a Senate adjournment rush, but the import debate has resurfaced this year in a way that could poison U.S.-Japanese political relations...

Author: /time Magazine | Title: Business: Japan, Inc.: Winning the Most Important Battle | 5/10/1971 | See Source »

...Japan has reduced its items in violation of GATT from 120 to 80, and we expect the number to be down to 40 by September. Meanwhile, we are attempting to negotiate an extension and tightening of the voluntary limitations on steel imports. We have negotiated a voluntary limitation on stainless-steel flatware. We are now talking about shoes, and we may attempt to solve that problem by a voluntary limitation. Is it appropriate that while we are discussing these voluntary limitations with the Japanese, we take off after them on their remaining GATT violations, when they are already reducing them...

Author: /time Magazine | Title: Business: Free Trade v. the New Protectionism | 5/10/1971 | See Source »

...sprays brackish water on a part of Welfare Island where a park and plantings are planned. But Delacorte, at 76, is not discouraged. He still finds it worthwhile for men of means to "give things of beauty" to the city. He has offered to build a 125-ft. stainless-steel obelisk in front of New York's Hunter College...

Author: /time Magazine | Title: The Nation: It Is Not Always Better to Give | 4/26/1971 | See Source »

...prevent a recurrence of Apollo 13's troubles, NASA has drastically altered the design of Apollo's oxygen tanks, incorporating such safety features as stainless-steel-sheathed electrical wiring, heat regulators controlled by the astronauts, and external cutoff switches. In addition, NASA has added a third oxygen tank, a long-lived storage battery and extra water supplies as reserves for the command ship. Even Mission Control will profit from the $15 million safety overhaul. If any of Apollo 14's critical systems go awry, as did the defective oxygen tank in Apollo 13, loud beeping alarms will...

Author: /time Magazine | Title: Science: To Fra Mauro and Beyond | 2/1/1971 | See Source »

...that his efforts only delayed the inevitable outcome. Even with the "extreme concentration of all our resources," he says, Germany could not have had an atomic bomb before 1947. The Nazi war effort would have crumbled before then, since the last reserves of chromium-vital to the making of stainless steel-would have been gone...

Author: /time Magazine | Title: Books: Mephistopheles Remembered | 9/7/1970 | See Source »

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