Word: steel
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Dates: during 1980-1989
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...ended up dragging Reagan into view. Even a tiny item about Ronald Bricker, the unemployed steelworker for whom Reagan got a job at Radio Shack back in April, turned out to be less about Bricker than Reagan. Bricker quit Radio Shack because he was recalled to his better-paying steel job. A double Reagan cheer...
Specialty steels account for only 10% of American steel sales, but they are nonetheless the glamorous high-tech end of the business, the items that can produce big profits. Stainless steel, used for knives, forks and hundreds of other products, is one such metal. Jet-engine fan blades, nuclear-reactor control rods and orthopedic body implants are made of others. But just as the older American carbon-steel industry is being clobbered by competition from abroad, so too are specialty steels. As Wall Street Analyst Peter Anker put it, "No other country would permit the kind of intrusion in their...
...President raised tariffs from 10% to 20% on some specialty steels, an action which is likely to increase the cost of those imports in the U.S. and make American goods more competitive. In addition, he lowered quotas for steel-bar imports from 40,053 tons to 27,000 tons for the first year of the limit. Other, less severe quotas were imposed for rod and tool steel...
...bridge had undergone inspection last September, but J. William Burns, Connecticut's transportation commissioner, suggested a likely cause of collapse: a structurally crucial steel pin, 10 in. long and 7 in. in diameter that, he said, "is missing or sheared off." The accident has already prompted unscheduled bridge inspections and maintenance in several states. As well it should: the Federal Government says that of 564,499 U.S. bridges, 21% are "obsolete" and 23% are "structurally deficient." Officially, the Mianus River Bridge was neither...
...time when American business sometimes seems to be slipping, IBM's triumphs have served as a reminder that U.S. industrial prowess and know-how can still be formidable. Struggling U.S. steel and automakers have been severely hurt by Japanese and European imports, but Big Blue's competitiveness is unquestioned. The company is the leading computer firm in virtually every one of the some 130 countries where it does business. "IBM is like your papa," says a Swiss computer-marketing specialist, "because it's so big and it's always there." Even in Japan, which...