Word: steel
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Dates: during 1960-1969
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...telephone company, said Wright afterward, "in effect was put in a position of disproving a negative." It naturally plans to appeal. Cried Garrett, raising his hands to the heavens, "Where can any of us find the burden of our proof? It's all buried somewhere in some tight steel vault." He explained darkly: "We never know what we're being charged for on those bills-all those message units. How do I know how many message units I've used? What is a message unit anyway? Who can evaluate the damages of each call missed...
...private pension funds usually keep a high and rising 40% of their funds in the stock market. Some of the employees' funds have assets as big as huge companies: the A.T. & T. fund amounts to $4.7 billion, and U.S. Steel, General Motors and Sears, Roebuck each approach $2 billion. The pension funds, into which the employer usually pays all the money, are run by a mixed board of management and labor, which heeds the advice of a bank or a Wall Street investment house...
...take over when President and Chief Executive J. Ed. Warren retires. Burns's background in the oil business is scanty, but he has other attributes to offer: he holds a doctorate in metallurgy from Harvard, worked his way from laborer to wire-division head at Republic Steel, became a partner in the management consultant firm of Booz, Allen & Hamilton and an adviser to 30 blue-chip corporations before joining...
...Last month a twelve-man Zambian trade delegation was swept through Tokyo with a platoon of geishas, even treated to a reception with the Emperor. The Zambians took away their first trade pact with Japan and promises of investments in a fertilizer plant, textile mill, transistor radio assembly plant, steel mill and luxury hotel. For its part, Zambia lifted all restrictions on Japanese imports...
...bankers by no means confine themselves to making loans, collections and money transfers for American enterprise. The Chase Bank helped to bankroll Turkey's largest industrial project, the new Eregli Iron and Steel Works; the Bank of America contributed to auto plants in Brazil and France and to the Mangla Dam between India and Pakistan. To attract the rising consumer classes overseas, many of the U.S. banks also offer loans to small borrowers, who often find it impossible to get credit from more conservative local banks and are willing to pay interest charges of 8% to 10% or even...