Word: steeling
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Dates: during 1980-1989
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...standard, industry-wide contract which all of the other companies in the industry did. Even after offers of substantial wage and benefit cuts by the copper workers, the company refused to continue to negotiate, but instead it hired non-union workers and began a movement to decertify the United Steel Workers of America from the right to bargain collectively on behalf of the workers. This means, in effect, that the copper mines would be de-unionized simply by firing all of the union labor. The easiest way to fire workers is to simply precipitate a strike...
Japan has long been renowned for its procession of bestselling products: cars and cameras, radios and record players, steel and semiconductors. In the future it will also be an important source of a more basic commodity: money. As Japan's trade surplus mushrooms, the country is raking in much more money than it spends at home. As a result, the Japanese are sending the funds back overseas by making loans, buying foreign stocks and bonds, and building factories in countries around the globe. Once merely a master manufacturer, Japan is on the way to becoming the world's premier investor...
...atmospherics from movies and TV. Five years ago, the nation watched a crop of elegiac Viet Nam movies such as Coming Home and The Deer Hunter. At the end of The Deer Hunter, when the hero has returned home, the crowd in a dingy bar in a Pennsylvania steel town sings God Bless America, but sings it so thinly and tentatively that the hymn becomes not an affirmation of the nation but a wistful dirge, the memory of something that the war destroyed. Today, the tones of patriotism in entertainment are loud and clear and sometimes tinny with the sound...
Creusot-Loire was created in 1970 by the merger of three steel and engineering groups. In 1980 Harvard-educated Didier Pineau-Valencienne took over as chairman and sought to streamline the company's operations. To no avail. In 1983 the group racked up record losses of $200 million...
Trucks used for shipping chemicals must be strong enough to survive a rollover without breaking open, and tank cars a derailment. Hydrogen cyanide, a lethal poison, can be transported only in carriers with 1-in.-thick, high-strength steel bulkheads. When a railroad car carrying petrochemicals overturns, the reason may be loose rails, which can break off from their ties and puncture the front of an oncoming tank car. Therefore, industry rules were established that call for adding more insulation and head shields. Cost: $452 million...