Word: steel
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Dates: during 1960-1969
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...become chief overseer of John son's cherished legislative program, as well as his top domestic troubleshooter, handling the Northeast's power blackout in 1965 and the threatened steel strike the same year. Rumpled and slightly roly-poly, Califano has had to overcome some handicaps. For one thing, he was born closer to Brownsville, Brooklyn, than Brownsville, Texas. For another, while he is hardly a yes man, he is still too much in awe of his explosive boss to be a genuinely effective no man, as Moyers could...
...Picture Puzzle. Edward Rice, U.S. consul general in Hong Kong, compares the job to filling in "a picture puzzle from which a good many pieces are missing." His staff of 60 pores over everything from the speeches of high party leaders to reports of steel shipments and Peking opera programs. The typical senior officer, who must spend four to eight hours a day reading through his In box, starts his morning with the night's output of the New China News Agency, 20,000 to 30,000 words containing the previous day's government announcements, speeches and accounts...
...homespun country manner. The group is as versatile and high-spirited as any in folk-rock, and their latest "goodtime music" ranges from the symphonette sounds of Summer in the City, complete with auto horns and a pneumatic drill, to the African-inspired Voodoo in the Basement, played on steel drums and a wastepaper basket. Scarcely hum drums...
...seems to have been the pattern in recent metal price hikes. When the leading U.S. copper companies, which had also been pressured into rolling back price hikes in 1965, announced 2?-a-lb. increases two weeks ago, Washington merely grumbled. Thus encouraged, nine steelmakers last week followed Jones & Laughlin Steel Corp.'s earlier lead in raising prices on tubular products by averages of 2.5% to 3%. At the same time, the price of molybdenum, an alloy agent used in strengthening steel, was raised 3.7% by two leading producers. In view of all the activity, the aluminum increases...
...steel industry had shown even more restraint: its price move on tubular products, which comprised 10% of the industry's output, was the first such increase in eight years. Even so, baffled economists pointed out that it came at a time when the construction industry, a major user of steel pipe, is in decline. Moreover, it seemed to ignore the growing competition from foreign steelmakers, who accounted for about 10% of all sales in the U.S. last year. There is a suspicion in Washington that steel, for one, may yet have to rescind its price increases-not so much...