Word: steeled
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Dates: during 1960-1969
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...fishing boat's pulpit stood the intrepid harpooner, dart-tipped pole in hand. Down flashed the steel into a huge sperm whale. After that came a battle off Cape Finisterre that lasted several hours, reported Madrid's daily ABC, and when all the thrashing and splashing were over, Spain's Francisco Franco, 75, had landed himself a 48,000-lb. trophy. Franco's favorite finny prey is salmon, but this was far from his first whale. Over the years he has snagged more than 20 of the leviathans, and he has the pictures to prove...
...prison whistle shrieks. Clang! go the steel cellblock doors...
...latest book, The Arms of Krupp, promises more flak for Author William Manchester. Scheduled for publication on Nov. 25, the book has already been reviewed by West Germany's Der Spiegel, which calls it "un-factual," full of "goofs," and a "gross oversimplification" of the history of the steel and coal concern that manufactured German arms in both World Wars. Manchester, says Der Spiegel, is guilty of factual errors about present-day-Germany, half-truths about the Krupp empire, and "anti-German resentment." Manchester was calm, figuring all along that they wouldn't like the book in Germany...
...income-tax surcharge enacted in late June. Unless the credit brakes were eased, so their argument ran, the combination of both fiscal and monetary restraint could slow the economy too much and create the risk of a mini-recession. To offset such economic drags as a sharp drop in steel buying, a leveling off in defense outlays and the anticipated decline in consumer spending, the Administration counts on a major rebound in housing construction. Yet despite a huge backlog of unfilled demand for new housing, the result of the 1966 credit squeeze that crippled the industry for a year...
...Deal. Within hours, Bethlehem and smaller competitors stepped into line with selected price adjustments of their own. Rumors flew among metalmen that U.S. Steel's Blough, who had been John Kennedy's chief protagonist in the stormy steel rollback of 1962, had personally concluded that industry's peace with the President. Blough did, in fact, come in for earnest entreaties from Defense Secretary Clark Clifford about steel and the national interest, but the Administration denies that any deal was struck...