Word: steams
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Dates: during 1970-1979
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...hottest takeover battle now going on is the struggle for control of Babcock & Wilcox, New York-based maker of steam-generating equipment and builder of nuclear power plants (estimated 1977 sales: $1.8 billion). Early in 1977, when the company's shares were selling for $35, Babcock management rejected a tender offer from United Technologies Corp. of $42 a share for all its stock; opposition continued when the offer was raised to $48. Last week Babcock accepted a bid from J. Ray McDermott & Co., a New Orleans-based firm best known for its production of oil-drilling rigs...
...fresh season of volcanic activity has begun. On Japan's northern island of Hokkaido last week, thousands of acres around Mount Usu lay under a cover of gray ash, and Usu continued to steam and rumble ominously. Italy's Mount Etna has erupted for the third time in a month, sending a stream of lava three kilometers (two miles) down the mountainside and shooting a pillar of flame and smoke 450 meters (1,500 ft.) into the air. Both provided evidence that, regardless of progress in other areas, man is still powerless to control the fires beneath...
...advances on innumerable technological fronts?last week's space shuttle test, for one example?it does not really have to prove its mettle by maintaining "in perpetuity" an achievement of the steam age. Moreover, in adjusting to a changing situation and sharing its accomplishments with the rest of the world, the nation demonstrates skills and ingenuity of a different but no less vital sort. In that sense, the Panama Canal will always be American...
...sacrifice notwithstanding, steam shovels, dredges and swarms of black West Indian laborers wielding picks and shovels scarcely scratched Culebra, an eight-mile stretch where the lowest mountain pass was 275 ft. above sea level. The main hope of the company's creditors was that the U.S. would buy the French rights to the Panama project. Bunau-Varilla, at one time the company's acting director-general, began to lobby the U.S. government to do precisely that...
Since the constitution protects the expression of even the most reprehensible ideas, most constitutional scholars do not agree. Insists University of Chicago Law Professor Geoffrey Stone: "One of the functions of the First Amendment is to provide a safety valve, to allow people a chance to blow off steam." Concerning Marquette Park, Northwestern University Law Professor Nathaniel Nathanson says flatly: "The coalition is clearly entitled to march, and the city is entitled to enough notice to prepare...