Word: steel
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Dates: during 1980-1989
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Leaving the city is a jarring, almost violent experience. There are no suburbs. One minute you are driving past huge bank buildings and small noodle stands and city-style corrugated steel-vegetable markets and the next minute you look out the window and there is only the emerald green of rice paddies, a farmer leveling a flooded field with a pole pulled horizontally behind...
...wreckage of burnt vehicles. At Khorramshahr's gutted railroad station, Iraqi soldiers use wall portraits of Ayatullah Khomeini for target practice. At the huge port sprawling along the Shatt al Arab, stacks of mammoth loading containers, stripped of their spoils by Iraqi invaders, are tangled with rusted steel pipes and charred, broken cranes. In makeshift barracks built under pylons, a few off-duty soldiers nap or thumb through magazines to pass the idle time...
Finally the conference had to begin without an agenda. The exasperated delegates filed wearily into the huge, steel-and-glass Palace of Congresses. A perfunctory five-minute session before midnight just barely met the Nov. 11 deadline for opening the meeting. Next day, Spanish Prime Minister Adolfo Suarez made a dispirited opening address. Said Suarez: "Sometimes it seems we are engaged in a dialogue of the deaf...
...Frostbelt's dependence on the transportation industries makes it sensitive to economic downturns. In Detroit, unemployment pushes into the upper ten percentages as the Big Three lay off workers and register record level quarter losses. The Youngstown-Akron area of Ohio has lost tens of thousands of jobs with steel and Firestone tire plant closings and related business lost. In the same area and other states, outdated steel plants have shut down rather than modernize because the Big Three own enough steel rusting on four wheels in huge factory parking lots. As the old Detroit saying laments, "When the economy...
...quota system would fall hardest on West Germany, which has invested more than $1 billion annually since the 1950s on new steel facilities and is Europe's most efficient producer. Says West German Economics Minister Count Otto Lambsdorff: "Our industry must not be penalized for having been in the forefront of modernization." But after weeks of bitter wrangling, the Europeans overcame West German objections and last week agreed to an unprecedented Common Market quota system that will reduce overall production by an average of 13% to 18% for nine months. The West Germans bluntly doubt that the plan will...