Word: steeling
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Dates: during 1980-1989
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Early next month Reagan will probably be plunged into a bruising environmental battle. The Clean Air Act comes up for renewal, and its critics in the automotive, chemical and steel industries are girding to fight for substantial changes. During the campaign, Reagan echoed their charges that the law has damaged productivity, discouraged new investment and eliminated jobs. Says Henry Waxman, chairman of the House Subcommittee on Health and the Environment: "If Reagan keeps to his rhetoric, he will declare war on the act. The potential is there for a tremendous battle." Some of the President's supporters are likely...
...working for Newsweek; and Ian Mates, 26, a South African cameraman for a London-based television organization. Their small Japanese car was the target of a remote-controlled Claymore-type antipersonnel mine on a road about 15 miles north of San Salvador. Mates suffered severe head wounds from steel splinters and died the next day in a local hospital. Meiselas and Hoagland were evacuated to the U.S. Later in the week another photographer on assignment for Newsweek, Olivier Rebbot, 31, was shot in the chest by a sniper while covering the fighting at San Francisco Gotera. Another photographer on assignment...
...Tennessee fretted that Stockman's proposed reforms of federal credit programs would increase the borrowing costs of the Tennessee Valley Authority and boost his constituents' electric bills, while Democrat John Glenn of Ohio was concerned that Stockman offered no special help for his state's steel firms...
...continue to win a greater share of U.S. sales because of lower labor costs, superior productivity and better business-government relations. Goldschmidt, for example, suggests that Ford may one day be forced to move most of its production overseas, which would severely injure basic U.S. industries like rubber and steel...
...uncertainties generated by the current economic turmoil have trapped Webster in a tense guessing game. He must pick a price level low enough to stimulate new sales but high enough to cover soaring costs. In 1980 the prices of his raw materials, including steel and plastic, jumped anywhere from 7% to 20%. Says Webster: "Every decision has a bearing on the bottom line. During inflationary times my margin for error is erased...