Word: steel
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Dates: during 1980-1989
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...Reagan Administration has approved some of the biggest corporate mergers in history: Du Pont and Conoco, U.S. Steel and Marathon Oil and, tentatively, Texaco and Getty. Last week, in a stunning reversal, it blocked the planned marriage of LTV and Republic Steel. Proposed in September, the deal would have created the second-largest steel company in America, behind U.S. Steel. Assistant Attorney General J. Paul McGrath, named two months ago to succeed William Baxter as the Justice Department's antitrust chief, said the merger would violate the Clayton Act, which bans excessive concentration in any industry...
McGrath feared that LTV and Republic would dominate the market for sheet stainless steel and for hot-and cold-rolled carbon and alloy sheet steel, products used in automobiles, small appliances, ranges and refrigerators. Together, the companies would have become the largest domestic producer of those types of steel. In the area of stainless sheet, the new firm would have controlled almost half of U.S. production capacity. Said McGrath: "We concluded that the increased concentration would be unacceptably high...
...soon as fighting broke out in the streets of West Beirut, the Lebanese government ordered the army to shoot on sight. Steel shutters rang down on storefronts. Pedestrians scattered. Car horns blared incessantly. We were interviewing a former government minister when the fighting broke out, and emerged from his office to find shots ringing out amid the cafés and boutiques of Hamra Street, one of West Beirut's busiest thoroughfares. We stopped briefly to buy provisions, then hurried to our apartment building. Not a minute too soon. The half a dozen men of the Lebanese Army contingent...
...afternoon on Tuesday the fighting had subsided, and on Wednesday morning we drove across town. A carpet hung limply from a gaping hole in a highrise. The thick steel cable of an elevator shaft dangled crazily out of a police station. No armed men were in evidence, sandbagged army checkpoints had been abandoned, and traffic flowed freely for the first time in weeks. But clearly the conflict was far from over. Militiamen had thrown up barricades around the district of Maasra, while fighting still raged along the green line that separates Christian East Beirut from the predominantly Muslim western half...
...true grit sifts through his pages. A farmer leads his sons as if growing things were a war on nature: "Their machines moved out over the fields, the mower clattering, breaking down at least twice a day. The old man stomped and swore. He nicked his hands replacing sharp steel teeth. The hayrakes followed his mower, his sons turning the dried hay into neat, continuous piles that looked like whorls of a huge thumbprint." A mother lays down the facts of life as immutable laws: "There's a lot more to life than the kind of love you mean...