Word: steel
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Dates: during 1960-1969
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LUMBERING into Pearl Harbor last week, the mighty aircraft carrier U.S.S. Enterprise looked like a belated victim of Dec. 7, 1941. Huge holes yawned in the flight deck. Shards of steel plate and gobbets of demolished aircraft were littered across the 41-acre deck. Cables dangled over the side, and the flattop's freshly painted grey hull was blackened and blistered. Said Samuel Spencer, who has been a Pearl Harbor shipyard rigger since the Japanese attack: "This is the worst condition I've seen a ship in since World...
...business. When he saw the mobiles in Shingu's Roman studio, he invited Shingu to come back to Japan and live and work in his shipyard, where there would be plenty of welders and painters to help him-to say nothing of unlimited amounts of scrap steel to work with...
...more. Bone-chilling winds gusted to 70 m.p.h., and the snowmobilers became more concerned with survival than speed. Worse yet, the winds screaming down from the Matanuska Glacier swept the snow cover off long stretches of the road ways, and the gravelly pavement destroyed many of the steel skis. Repairs were all but impossible in the sub-zero weather, since the flesh of the snowmobilers' hands tended to freeze to the metal of their machines. Several snow mobiles were blown off the road and down steep embankments. One competitor suffered a broken pelvis when he lost control and veered...
...traditionally fat U.S. trade surplus shrank to almost nothing last year largely because of steel. Foreign steel makers, who accounted for less than 5% of the U.S. market as recently as 1961, won a 12% share in 1967 and a surprising 17% in 1968. American pur chases of steel from abroad last year reached a record $1.5 billion...
...support for protectionism, the Johnson Administration feared the damage that mandatory import controls would do to its policies of free trade. Thus it has been trying to induce foreign steelmakers to cut back shipments to the U.S. voluntarily. Last week the Federal Government announced that Japanese and Continental European steel producers, who together account for four-fifths of all steel imports, had agreed to impose their own restrictions for the next three years...