Word: steeled
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Dates: during 1960-1969
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...Atlanta Steel Band, made up of a dozen Negro and white teenagers, pounds its converted oil drums in racially troubled neighborhoods. Formed two months ago by a suburban white businessman and trained by a steel-band leader from the Virgin Islands, the group is one of the most successful enterprises of Atlanta's Youth Opportunity Program, which is supported by city, federal and private money...
Speaking in Austin for the President, then ensconced on the Texas ranch, White House Press Secretary George Christian declared the end of the Great Steel War of 1968. The President, said Christian, welcomed the relatively modest 2.5% price increase on many items just announced by U.S. Steel. After all, it was a "substantial improvement from the general inflationary threat" originally posed by Bethlehem Steel's across-the-board increases of nearly...
Going well beyond that analysis, Presidential Adviser Joe Califano pronounced Big Steel's action a "major victory." Just seven days after Bethlehem, the No. 2 producer, announced its price hike, the steel industry had been forced into a partial "rollback." Minutes after U.S. Steel announced its move, Arthur Okun, chairman of the President's Council of Economic Advisers, summoned reporters to his Washington office and pronounced himself gratified. Spread industrywide, Bethlehem's increase would have filtered through the economy as a $1.1 billion rise in consumer prices. Now, he said, "the American consumer has been saved...
...time being, however, that remained nothing more than a hope. Within hours after the President's press conference, Republic Steel Corp., the industry's third-biggest company after U.S. Steel and Bethlehem, announced price increases on "principal" steel products of 4.5%. Armco Steel Corp. and Inland followed with broad-based price hikes of their own, and U.S. Steel extended its original increases to several other lines. National Steel Corp. and Youngstown Sheet & Tube Co. weighed in with selective price boosts. Bethlehem, meanwhile, showed no signs of budging. "In our opinion," said Chairman Edmund F. Martin, "our price increase...
...Indian Ocean at the mouth of the Zambezi, which will be capable of handling 40,000-ton freighters. More millions will go toward making the river navigable as far as Tete, some 90 miles from the dam. One day the Portuguese hope to see a huge iron and steel works rise on their modest 400-year-old settlement there...