Word: steel
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Dates: during 1960-1969
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Part I of a two-part series about the impact of "The Computer Revolution" on today's society. This segment looks at an air-traffic-control center, computerized steel mill and typesetting machines...
...York, Detroit and other scattered spots around the nation, teachers picketed their own schools, forcing hundreds of thousands of children to play hooky (see EDUCATION). Forty-two thousand copper workers in half a dozen states stayed off the job for the ninth week, while a violent walkout of steel truckers in Pennsylvania, Ohio and Indiana interrupted vital steel shipments...
...Steel was the key indicator, and its upward climb promised a renewal of public jousting over prices between the Administration and industry in general. Since January, steelmen have been boosting prices in bits and pieces-in tubing, then tin plate for can making, followed by hot-rolled carbon and alloy plates-with only a whimper from Washington. Not until just before the Labor Day weekend, when Republic Steel dropped word of new prices in steel bars, did the Administration react. Ackley condemned the move, professing a belated astonishment at the fact that higher prices have already been chalked...
Nothing doing. Joining Republic almost immediately, U.S. Steel pointed out that it, too, was "very mindful" of the inflation problem, especially the way that higher costs plus an automatic 3% rise in employee payments Aug. 1 were squeezing earnings. Other producers followed, and the Administration did not press its fight. At 1.8%, the bar price rise was small indeed. But the industry is now on notice to be wary of taking the rumored next step: a boost in sheet and strip steel, which as a key auto-industry item would be certain to have wide impact...
...Kroyer is a millionaire several times over, supports a stable of Jaguars and race horses on the proceeds of more than 200 patents covering items from frying pans and bicycle rim linings to papermaking processes and ship-salvage techniques. He also has a $1,000,000 glass-and-steel research center near Aarhus and a staff of 60 en gineering assistants to ease the migraine of beating his brainstorms into workable plans...