Word: steelâ
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...Even in absolute numbers, union membership has changed only slightly through the 1970s. And much of the membership is concentrated in mass-production industries, where union jobs are threatened both by more efficient manufacturing techniques?it takes fewer workers every year to make a car or a ton of steel???and by a transfer of some operations to the largely nonunion Sunbelt. For example, General Motors has opened nine plants in the South since 1973?and kept the United Auto Workers...
...cases, this has retarded their development. For example, Daniel P. Moynihan, former U.S. Ambassador to India, points out that in 1947, the year of its independence, socialist-leaning India produced 1.2 million tons of steel, or slightly more than Japan. In 1973, capitalist Japan poured 119 million tons of steel???or more than 17 times India...
...dispatch aides to probe the situation deeper, use his contacts in Wall Street to find out why things are not better than they are. Eventually Simon may make a visit to the company himself?he took eight trips to West Virginia in the course of buying into Wheeling Steel???but his trips are mainly for general impressions rather than to learn exact detail of operations. When he has finally made up his mind about a company, the hot line to Sutro & Co. of Los Angeles, his primary broker, lights up and Simon begins...
...Labor Party urges definite planning of industry and trade so as to produce the highest standard of life for the nation. As a first step it proposes to reorganize the most important basic industries?power, transport, iron and steel??? as public services owned and controlled in the national interest...
...books on sports and supports the Northfield Hunt Club. From faces, Broker Eaton likes to deduce character, studies physiognomies with attentive eye. Broker Eaton and his associates (loosely referred to as the "Eaton interests") have holdings in Republic Iron & Steel, Youngstown Sheet & Tube. Inland Steel, Central Alloy Steel & Otis Steel???a steel group with an aggregate ingot capacity equal to about 70% of U. S. Steel's output...