Word: steel
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Dates: during 1960-1969
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...turned out that the ringleader had got the idea for the escape when his job required him to use the dozer to level the forbidden strip opposite Spandau. He and a neighbor in the nearby hamlet of Falkensee lined the cab with steel plate against the bullets of border guards, and it was a sound idea, since the bulldozer was hit by at least 30 bullets. As an additional defense, both men had carried bags of pepper "to throw in their eyes in case they stopped us." Far more fortifying were other advance preparations, which may have explained some...
Parchment over Steel. Any man who can oversee and become intimately involved with every facet of such a sprawlingly disparate world, and who can deal with opera singers besides, needs the stamina of a Siegfried, the charm...
...much capital spending today is not merely to broaden markets, but to replace costly old plants with automated new ones, or introduce some of the refinements of the research and development on which business spends $24 billion annually. The steel industry will lay out $2 billion this year, much of it for basic oxygen furnaces, continuous casting mills and other new technology rather than to increase capacity...
Part of the pique stems from the fear that, once suspended, the investment credit may never be restored. Another part is due to the loss of earnings the suspension will involve. Bethlehem Steel last year counted $20.6 million, or 14% of its earnings, as a direct result of the 7% credit. Airlines, with over $4 billion in new equipment on order, will hesitate before ordering more. TWA, which only last week gave Boeing orders for $410 million in new jets, is now faced with an unexpected reduction in profits because the Administration has requested that the credit suspension be retroactive...
...British have seen their steel industry nationalized and denationalized; now it is going to be renationalized. Their beer has been taxed almost out of their gullets, the cigarettes out of their pockets, and the gasoline out of their tanks. It is hardly worth the bother trying to get rich at home, and even if an Englishman succeeds, he is forced by exchange controls to spend like a miser abroad. In addition to all these torments, the Selective Employment Tax went into effect last week...