Word: steeling
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Dates: during 1960-1969
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After showing a seat pass, reporters going to the courtroom are ushered by helmeted deputies to two successive steel doors, each manned by a deputy, who peers through a wire-glass window. Pockets must be emptied, purses checked. Handkerchiefs are shaken, contact-lens fluid sniffed, ballpoint pen cartridges removed and examined. Everyone is frisked, and then a deputy passes a metal-detecting device over each person. The deputies themselves are scrupulously searched before every session...
...existing border is based on an arbitration sponsored by President Cleveland, which, when finally handed down in 1899, was largely favorable to the British. Venezuela disputes the decision with an ardor that has increased as smaller Guyana became an independent nation and after Venezuela itself built highways, a steel mill, an aluminum plant and what will eventually be one of the world's largest hydroelectric projects on its side of the boundary. The Venezuelans particularly covet the bauxite and manganese in the disputed area, and last year even built a military base on Guyanese territory as a step toward...
Italy also has very little coal or iron. When, in 1947, some Italian leaders requested a World Bank loan to build a steel industry, the bankers rather snidely advised them to stick to growing tomatoes. But Industrialist Oscar Sinigaglia, then head of the state-owned Finsider steel complex, landed a big order from Fiat and went on to locate his mills at ports, where ships bring in coal and steel from the cheapest foreign sellers. Finsider is now Europe's biggest steel producer, and last year Italy's output rose from 17.4 million tons to 18.7 million, fifth...
...countries have a stronger trading position in world markets. The increasing shipments of Italian steel, refrigerators, TV sets, typewriters, tires-and cars-have lifted exports...
Such successes have made Fiat one of the few really big, privately owned Italian companies that do well in an unusual mixed economy where 20% to 25% of industry is held by government-controlled corporations. These corporations, which are concentrated in steel, transportation, construction and other basic industries, often have a privileged access to capital that leaves smaller private companies short of cash-an ill that has never befallen Fiat...