Word: steel
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Dates: during 1960-1969
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There were reasons for the voters' stinginess. Steel plants in the heavily industrialized city were operating below normal levels, Roman Catholics were hard-pressed to support their own parochial schools, elderly residents with no stake in education were feeling the pressures of inflation. Surprisingly, two radio talk shows on which citizens aired their grievances hurt the school cause. "All the ding-a-lings called in to spread their ignorance and misinformation-and people believe all those nuts because they hear it on the radio," complained one school official. Some callers, for example, falsely claimed that the school board...
...improvement over previous expectations of a surplus of $1 billion or less, but it is still no cause for rejoicing. At $1.5 billion, the surplus would fall 63% below last year's $4.1 billion level. It would give the U.S. its worst year in foreign trade since a lengthy steel strike crippled exports...
...have grown only 9%. About one-sixth, or $1 billion, of the import surge was caused by U.S. labor troubles. Copper imports, for example, doubled to $600 million during the first half of this year as a result of a 37-week miners' strike. The threat of an August steel strike brought a 59% jump in iron and steel imports. Most of the blame for increased imports, however, can be placed on the seemingly insaliable U.S. consumer, who continues to spend despite increased taxes and the inflation-diminished dollar. Over the first nine months of this year, imports gained...
...many signs point to a return to protectionism. Two dozen U.S. industries are pressing for higher tariffs or import quotas on everything from shoes to glass, from steel to electronic components. Most such efforts have been rebuffed, but last month President Johnson signed a bill that more than tripled the import duty on various blends of woolens. Italy, which stands to lose $15 million in trade, is considering retaliation against U.S. exports. Other countries, of course, can be expected to do the same if tariffs on their exports to the U.S. are raised...
...Ruhr seems unable to break out of its outmoded coal-and steel-based industrial pattern, which is slowly pulling it down. As cheaper oil and natural gas continue to win the battle against coal, an eerie stillness hangs over abandoned mines in parts of the Ruhr. By contrast, Baden-Württemberg is blossoming because it has attracted such modern growth industries as chemicals, electronics and precision mechanics. To lure new industries, the state offers long-range development possibilities, a sunny climate, air that is in sharp contrast with that of the smoky, rainy Ruhr, and excellent transport facilities...