Word: steel
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Dates: during 1960-1969
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...fact that 90% of the capital needed to finance this "American invasion" was raised from Euro pean investors eager to take part in U.S. ventures. "What threatens us," he writes, "is not a torrent of riches. The war is being fought against us not with dollars, oil, tons of steel or even modern machines, but with creative imagination and a talent for organization." Last week Servan-Schreiber told TIME Correspondent James Wilde: "What America has done is to change the entire concept of culture, the values of civilization. The new American culture is not Chartres or Versailles, but the organization...
...surpassing the record of the legendary Man o War. He was such a favorite with the bettors that only in his very first race were Native Dancer's odds higher than 9 to 10. Retired in 1954 to Vanderbilt's Sagamore Farm in Maryland, the steel-grey horse gradually turned snow-white. He commanded a stud fee of $20,000, highest of any individually owned stallion, and sired 231 offspring who so far have earned more than $4,000,000. One of his grandsons, Northern Dancer, won the Kentucky Derby in 1964; one of his sons, Kauai King...
Franks & a Pint. Gary enjoyed no such amity. The city of 178,000 on Lake Michigan has two major industries, steel and Democratic politics, whose byproducts are wide-open vice and only slightly less tangible corruption. The population is mostly blue-collar. The majority of whites remain close in custom and outlook to their foreign origins and suspicious of the Negroes, who make up 55% of the population; many of them have arrived from the South since World War II. The city boasts 54 foreign-language groups, and in the 1964 presidential primary, the white vote went overwhelmingly to George...
...Sure, you can keep surtaxing and surtaxing until we're surtaxed to death," says President A. Clark Daugherty of Rockwell Manufacturing Co., "but it won't help unless federal spending is cut." The difficulty about wielding an ax on the budget, noted Chairman Roger Blough of U.S. Steel Corp. last week, is that "nobody has come forward with a list of priorities that would command a consensus." Blough's somewhat idealistic recommendation: political support for "elected officials who vote to cut government spending even if this affects our own pet projects and communities...
...Litton Industries with an accounting background and a Harvard Business School degree. Simon makes no bones about the reason for the change: he wants to expand his empire of subsidiaries and affiliates, which already includes McCall Corp., Hunt-Wesson Foods, Inc., Knox Glass Inc., Canada Dry Corp. and Crucible Steel Corp. of America. Says he: "Fabian has been largely an operating chief and has been damned good at that. But Hunt is getting more acquisition-minded, so we need a man whose primary orientation is finance...