Word: steels
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Dates: during 1950-1959
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...Streeters' campaign brought a wave of "suitcase companies"-actually subsidiaries of foreign corporations but legally independent. Through a suitcase company, for example, a U.S. steel company subsidiary buys ore in Venezuela, ships it in chartered vessels to Europe. The profits returned to the Bahamian company are not taxed, can be used for expansion outside the U.S. or "borrowed" by the U.S. parent company...
...addition to hundreds of British and Canadian firms, an estimated 26 U.S. companies are operating out of Nassau suitcases. The Bethlehem Steel Corp. lurks behind a mahogany shingle reading, "The Registered Office of Bethlehem Steel Co. Limited, Overseas Underwriters Limited." Similar shingles hang outside Nassau offices of outfits such as Crucible Steel, U.S. Steel (which calls itself Navios), Whirlpool, Cummins Diesel, RCA, J. I. Case (agricultural equipment) and Grant Advertising. Outboard Marine International (Evinrude and Johnson outboard motors) has a staff of 55, including U.S. citizens, Englishmen, Canadians and a handful of Bahamian Comptometer operators. In air-conditioned comfort behind...
Famous or Notorious. By 1909 Wright was 40, and at the peak of his career. His Larkin Building in Buffalo had pioneered air conditioning, introduced the first metal-bound plate-glass doors, the first all-steel office furniture; with Unity Church in Oak Park, he had invented a whole vocabulary of cubist forms to express a new building material, poured concrete. Publication of his works in Europe created a sensation...
...Corbusier, he belabored these men as "glassic architects" and worse. He dramatically ranged himself against the sweeping tide of .the International Style. Manhattan's United Nations Secretariat was a "tombstone," Lever House "a waste of space," the Seagram Building "a whisky bottle on a card table." The steel-cage frame was "19th century carpenter architecture already suffering from arthritis of the joints." Boxy modern houses he called "coffins for living...
...weeks, increased by 80,000 to 1,544,000. The durable goods industries--which had been hardest hit by last year's recession--showed little more than the already predicted recovery rate, about one per cent. In fact, many of the new jobs in that field came from the steel industry, where pre-strike panic has produced an unnatural, impermanent job rise...