Word: steel
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Dates: during 1960-1969
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Unfinished Business. Malaysia is not only the world's biggest producer of tin and rubber, but it has also developed scores of new enterprises to cash in on the country's other mineral and agricultural resources. A new university has been built in Penang, and a steel mill is going up at Prai. The Tunku's Alliance Party supports...
Villages large enough to support a permanent school can get one fast. From six large depots in Mexico City, they can order prefabricated steel frames, desks, blackboards, a basic 50-book library, toilet and shower, and quarters for a teacher. The village pays a third of the cost (about $400), supplies such wall material as concrete, adobe or brick, and provides the labor to assemble the structure, which can be put together in a few days. "Knowing that they have contributed," explains Construction Engineer Enrique Estrada, "gives villagers a sense of pride and ownership...
...were meant to jiggle and gyrate under the leaves, George Rickey's feathery kinetics to stir in the breeze. To be sure, bronze and marble for centuries have gained in luster and patina from exposure to the weather, but a whole new range of materials, notably stain less steel and plastics, practically demand the reflective brilliance of sun shine. "Aluminum shines wonderfully against the greens of summer and the greys of winter," observes New York Collector Robert Scull...
...sense, virtually all large U.S. companies are conglomerates; U.S. Steel, for example, not only turns out metals but also builds bridges and sells cement. However, in Wall Street parlance, conglomerates are generally those companies that have adopted a diversification-by-merger philosophy as a way of corporate life-and most of them share Harold Geneen's distaste for the term. After all, says Ralph Ablon, who has built his Ogden Corp. into a far-reaching (shipbuilding, metals, processed foods) conglomerate, the word connotes a company with "no unity, no purpose and no design."* To most image-conscious companies...
Grand Scale. When Kaiser needed more cement for his prewar construction projects, he founded a cement company and one to supply sand and gravel. As an industrialist he followed this idea on a grander scale. Because steel shipments were slow, he organized Kaiser Steel at Fontana, Calif., with a $123 million Reconstruction Finance Corp. loan that brought considerable criticism from Congress and Wall Street alike. He dabbled in airplanes, and with Howard Hughes conceived the idea of a ten-engine cargo plane that never got off the drafting board. Later he founded Kaiser Aluminum...