Word: steeling
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Dates: during 1980-1989
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...company, headquartered in New York's Hudson Valley, that has staged a spectacularly successful invasion of the personal-computer market: IBM, the once and future colossus. Says Business Editor George M. Taber, who supervised the story: "After telling the troubles of corporate behemoths like General Motors and U.S. Steel, it is refreshing to describe a major American company that is very successful. IBM is a giant that does just about everything right...
Brilliant sunshine gave way to rain later in the day when the Pope reached Katowice, a steel-producing city in the Upper Silesian coal-mining region. The heavy downpour did little to dampen the spirit of the crowd of 1.2 million that was waiting for John Paul under a forest of umbrellas in a vacant airfield outside the city. When the Silesians spotted the Pope stepping from the papal helicopter, they let loose with a boisterous chorus of Sto Lat (May You Live a Hundred Years), all but drowning out a brass band of black-suited miners...
...continue to tidy up her Cabinet, but a pair of opposition leaders, Laborite Michael Foot, 69, and the Social Democrat Roy Jenkins, 62, decided to call it quits. As members of the Liberal Party began grumbling about their alliance with the Social Democratic Party (S.D.P.), their popular chief, David Steel, hinted he might also bow out before the next election...
That did not please Steel, who called Jenkins' swift decision "quite, quite daft." From the outset, Steel, 45, said that he would happily defer to Jenkins as the Alliance's elder statesman. Suddenly, he found himself threatened by a young politician as ambitious and well spoken as himself. Since the Liberals won more seats (17) than the S.D.P., Steel's M.P.s are already pressing for a larger say in Alliance affairs...
...prizefight. Hankering to be a world capital for a day, Shelby constructed a 40,000-seat arena for a Dempsey-Tommy Gibbons fight, only to have trouble raising the $300,000 guarantee required by Dempsey's rascally manager Jack ("Doc") Kearns. ("Give Doc 1,000 Ibs. of steel wool," it was said, "and he'll knit you a stove.") Barely 7,000 people paid to see the fight: the rest crashed the fences. Two banks failed. The town virtually bankrupted itself. And Dempsey beat Gibbons, who was not paid...