Word: steel
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Dates: during 1980-1989
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...Ohio's construction is a seven-year ordeal of mismanagement. Certain components were made from understrength steel, and the replacement cost was nearly $1 million. The sub contains 117,000 especially important welds; 2,772 were botched. Rewelding cost $2.6 million. Perhaps the most grievous flaw was in the sub's engine. Turbine blades were a few critical microns too large; they scraped their housing and cracked. It required $3 million to put the blades right. Electric Boat insists that it was not at fault, since the turbine was built by General Electric directly for the Government. Indeed...
...muted cries of the injured and terrified, the carnage was staggering: 108 people lay dead in the atrium of the sleek, 40-story Hyatt Regency Hotel. More than 180 were injured, and at least three more died later. Some victims were pinned for hours beneath the tons of steel, cement and cables. Said Mayor Richard Berkley: "It was the worst disaster in the history of Kansas City...
...Crested Butte. Amax spends large amounts of money trying to find new uses for molybdenum (adequate supplies of which are available elsewhere). Part of what is produced in the U.S. goes to the Soviet Union. Should a beautiful part of America be torn up to guarantee that the steel in Soviet ICBM warheads is adequately hardened...
NATIONALIZATIONS. Most of the remaining private banks, some 200 in all, will come under direct state control as soon as the enabling legislation goes to the Assembly in the fall. The Socialists will move to take over eleven major industrial groups, including the Dassault-Breguet aviation conglomerate, two steel companies, two chemical conglomerates, two high-technology firms and an electronics corporation. Three companies would be exempted from peremptory nationalization because of their significant foreign shareholdings: CII-Honeywell Bull (47% U.S.-owned), International Telephone and Telegraph Corp.'s French subsidiaries (99% U.S.-owned) and Roussel Uclaf Pharmaceuticals (57% West German...
DIED. Marcel Breuer, 79, Hungarian-born designer and architect whose sculptural use of steel and concrete helped shape the furniture and buildings of the 20th century; of heart disease; in New York City. Working with Walter Gropius at Germany's famous Bauhaus during the 1920s, Breuer was inspired by the curve of bicycle handles to design his celebrated tubular steel and leather Wassily chair (named for Painter Wassily Kandinsky, one of its first purchasers). After leaving the Bauhaus in 1928, he created the simple steel and cane Cesca chair, which, like the Wassily, remains a ubiquitous furnishing today. Breuer...