Word: steel
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Dates: during 1980-1989
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...19th century, European investments helped finance the building of America's railroads, essential for opening up the West. Later, Europeans put their money into American ranching, farming and mining. After the turn of the century, foreigners helped buttress one of the most powerful companies of the era, U.S. Steel, by buying up fully 25% of its equity...
...been more than four years since the Firestone Tire & Rubber plant in LaVergne, Tenn., was bought outright for $52 million by Bridgestone of Tokyo, Japan's No. 1 tiremaker. Some obvious things have not changed in that time: workers still labor over tire presses, for example, and steel- belted radials still roll off the line. But in any number of subtle and not so subtle ways, the influence of the new owners can be felt throughout the factory and indeed throughout the town -- from the new automated stitching equipment on the shop floor to the cherry trees growing in profusion...
...trappings normally reserved for grander state visits, including lunch with President Richard von Weizsacker, meetings with leaders of the Bundestag and five hours of talks with Kohl. Bonn quickly acceded to one Honecker request: coffee and cake at the Essen home of Berthold Beitz, chairman of the Krupp steel empire, with whom he has developed a business and hunting friendship over the past seven years. That session will be followed by a reception for Honecker at the Villa Hugel, former home of the Krupp family. "Think of it," jokes Beitz, "a lifelong Communist in the home of the Krupp cannon...
...sting began in October 1985 with an FBI agent posing as a supplier of fencing, road signs and other steel products. He apparently had no difficulty distributing $40,000 in bribes to various officials. Only one of the 106 payoffs proffered was rejected, and that was because the amount was deemed too paltry. Said U.S. Attorney Rudolph Giuliani: "Compared to other states, New York is a much friendlier place to corrupt politicians, crooked businessmen and organized criminals...
...marriage banns also led to a divorce. S.D.P. Leader David Owen, who had helped found the party as a breakaway movement from Labor, had opposed the merger, citing basic differences on defense policy. Last week he made good on a threat to resign. Steel called that "logical," while decrying Owen's opposition as "profoundly mistaken...