Word: steeling
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Dates: during 1980-1989
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...video outlets, and the resulting profits, are largely determined by the success of a movie in regular theaters. The industry hopes that Warner Bros.' Superman II, the sequel of the fifth most popular picture ever made, will draw audiences back to theaters this summer. If the Man of Steel succeeds, Hollywood believes that it can prosper with movies that play both on the big screen and on the little tube...
...policy, though, has been glaringly inconsistent. For example, Armco steel was barred in March 1980 from joining a Japanese steel firm in constructing a $350 million cold-rolling mill in Novolipetsk. But Caterpillar was granted approval late last year to supply pipelaying equipment used in building the 3,000-mile Yamal Peninsula natural gas pipeline. A semiconductor chip that U.S. companies cannot sell to the Soviets has been licensed for production in Brazil, which is not bound by the embargo. The microchip, in fact, is a component in a popular computer game that is for sale in Western European...
...local police for his personal safety. Traveling in Italy, he rates a six-man motorcycle escort, busloads of carabinieri and plainclothes police in the crowd. In his 1979 visit to New York City, he was protected by thousands of policemen. In Japan last year police carried special steel racquets to bat away thrown objects-a quaint reminder of the success of the country's ultrastrict gun laws...
Even an economic official of Bonn's Social Democratic government, whose postal and transportation services plus a part of the banking and steel industries are nationalized, doubts the wisdom of Mitterrand's plans. "It's wrong to assume that the state can run a business any better than it could be run under the free enterprise system," he says. "Various lands have tried it-Belgium, Sweden and Great Britain, for example-and they haven't managed to make a good thing of it. France should be no different...
Europe. Mitterrand's election has injected a note of uncertainty into the European Community, whose officials now expect action on such prickly questions as agricultural subsidies, fisheries and steel to be delayed as the French concentrate on their domestic situation. Perhaps the election's most significant effect on the EC will be a weakening of the predominant Paris-Bonn axis, which depended on the close personal relationship of Giscard and West German Chancellor Helmut Schmidt. The Chancellor was said to be shattered by Giscard's fall. He sent a formal congratulatory telegram to fellow socialist Mitterrand, whom...