Word: steeled
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Dates: during 1960-1969
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...government has moved to remedy the situation. It has just set up a three-year crash program to train more people for service jobs, promised them more pay and a set of new titles of the kind previously reserved for tractor drivers and steel workers. Examples of some of them: "Master First Class" in plumbing or "Master Higher Class" in hotel management...
Queues at Dawn. Even so, it will take quite a while to bring relief to the long-neglected Russian consumer. Women who seek the services of the top hairdressing shops in Moscow must queue up at dawn if they expect to get in. Moscow's new glass-steel "skyscrapers" (of modest height) became functionless in last summer's heat as broken air conditioners remained unfixed...
...quieter key. Abruptly and decisively, coping with inflation has become the prime concern of U.S. businessmen. What was only a nagging specter short months ago is fast gathering ominous substance. Automakers have joined the parade of summer price increases that now reach across the economy from food to steel, from appliances to plastics. General Motors raised the average price of its 1968 autos by $110, or 3.6% above the 1967 level. Strikebound Ford lifted its car prices by $114 (3.9%), Chrysler by $133 (4.6%). Inventory liquidation by businessmen, one of the principal drags on the economy this year, is dwindling...
Bigness is no longer something for which steelmakers of the war-splintered Ruhr have to apologize. With fierce competition in the steel market, mergers to streamline production are becoming a must for survival. For a year now, 29 German steel producers have been coordinating their sales and investments through four regional cartels regarded as laboratories for eventual mergers. Last week two major steel companies, the legendary August Thyssen-Hütte and the oldest Ruhr steel producer, Hüttenwerk Oberhausen A.G. (HOAG), announced merger plans that would make them the world's fourth largest steel company, after...
...Thyssen's present capacity of 8,500,000 tons of steel HOAG will add another 2,500,000 tons; combined annual sales may amount to $2 billion, moving the new enterprise up to third place among West German corporations, with only Volkswagen and Siemens ahead in sales. The deal, still to be approved by the Commission of the European Communities in Brussels, is to be effected by offering HOAG stockholders a total of $150 million in Thyssen shares and $25 million in cash...