Word: steeling
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Dates: during 1980-1989
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...Sohio Alaska Petroleum Co., an exploration subsidiary of Standard Oil Co. of Ohio, and including Mobil Corp. and British Petroleum Alaska Exploration. Their bid for that choice tract far outstripped the $129 million offered by Exxon and Marathon Oil, which was bought in March by U.S. Steel. Another group led by Texaco, which is seeking to increase its holdings in the Prudhoe Bay region, weighed in with the second-highest successful bid for a tract near the Sohio purchase: $219 million...
...Democrats may have been rejoicing in the opportunity to condemn Reaganomics, but in public they appeared appropriately anguished and angry, especially the would-be Presidents. In Los Angeles, at a Bethlehem Steel plant the company intends to close, former Vice President Walter Mondale told a crowd of steelworkers that "we've gone beyond fat. We're into bone and muscle. Now unemployment is cutting deeply into the heads of households." Massachusetts Senator Edward Kennedy was no less impassioned. Said he: "This is a national tragedy and a national disgrace. How many dreams have been lost...
Anger has always been a hazardous presidential luxury. Virtually all of the real stuff is contained backstage while the public displays are carefully controlled and released. John Kennedy's outburst that Big Steel men were s.o.b.s was muffled in the Oval Office, then leaked. Jimmy Carter's "I'll whip his ass" (Ted Kennedy's) was orchestrated better than Carter's State of the Union addresses. Even Harry Truman's most famous explosions were in private. Nixon once got angry at reporters, grabbed Press Secretary Ron Ziegler and pushed him toward the panting pack...
Like Ronald Reagan, he is a folksy, conservative politician with an easygoing, leisurely work style. But last week, West Germany's newly chosen Chancellor Helmut Kohl, 52, was behaving like a man without a moment to lose. Within three hours of taking over the glass-and-steel Bonn Chancellery from Social Democrat Helmut Schmidt, the Christian Democratic leader had sworn in a new 17-member Cabinet, chaired his first Cabinet meeting, held a press conference and jetted off to Paris for a hastily arranged get-acquainted dinner with his most important Western European partner, French President Fran...
...only was this union-company role reversal ironic, but failure of UAW leaders to push through more concessions also dashed hoped that an era of "new cooperation" between companies and unions had begun with the 1979 "bailout" contract. Unions in the import-battered industrial mainstays of the U.S. economy--steel, autos, and rubber--seemed about ready to hold down labor costs in exchange for job security and more voice in corporate decisions. Such "cooperation" has been a central theme of recent "re-industrialization" plans designed to arrest the desperate decline of the U.S. economy, Sen. Gary Hart...