Word: steel
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Dates: during 1960-1969
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...boom has not been a one way ride on the gravy train for everybody. An increasing amount of time is being lost in strikes-most recently in the auto, steel-hauling and copper industries. Unemployment is down to 4.1%, from 7% at the beginning of the upsurge, but it has risen in the past year. On Wall Street, the stock market took a toboggan ride last week, with the Dow-Jones industrial average plummeting 31.56 points to a five-month low of 856.62. Though price increases had been held to 1.3% a year for nearly five years, they have averaged...
Reverse Drain. Spurring them onward is an economic resurgence that is freeing Scotland from past dependence on shipbuilding, coal and steel and catapulting it into the industries of tomorrow. Thanks to government pump priming and incentives for private investment, almost $1 billion in capital has flowed in since World War II, and Scotland has outpaced the rest of Britain in its industrial growth rate for three years. In Fife, for example, U.S. and British electronics manufacturers have built more than 100 new factories in a California-type complex along the Firth of Forth. Today Scotland turns out more electronic computers...
...feeding your shareholders dividends is like feeding them opium. You have to keep giving larger doses. We didn't think we could face withdrawal symptoms." Accordingly, from gas and electricity production in the Canadian province of Alberta, International Utilities spread into ocean shipping, bus lines, demolition and salvage, steel fabrication, trucking and copper-silver mining. Revenues rose from $38 million in 1959 to $189.5 million last year; profits more than doubled to $15.7 million...
...became chairman in 1959), he strengthened Inland's tradition as a civic-minded company by playing a prominent part in the fight for Illinois' fair-employment law, pushing a redevelopment program for East Chicago and, in 1957, putting up Inland's 19-story glass-and-steel headquarters, one of the most striking additions to Chicago's Loop since the Depression...
Block made his major reputation as a maverick through his refusal to join the rest of the industry in raising steel prices during the abrasive 1962 confrontation with the Kennedy Administration. Block, an Eisenhower Republican, answered the grumbles of other steelmen by denying he was cozying up to the Administration, insisting simply that "it was the wrong time to raise prices." Since then, he has repeatedly complained that Washington has made steel its "favorite whipping boy," last year pointedly took the industry lead in raising steel prices...