Word: steels
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Dates: during 1970-1979
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...ears. The Balaclava helmet, invented during the Crimean War and knitted by millions of home-front wives in World War II, is possibly the best solution for unselfconscious urbanites: it costs only $4.95 and completely covers the head and neck. The last word in cold-weather protection is the steel-gray goose-down face mask ($16.95), with mini-slits for eyes and nostrils. It is not advisable to wear it when visiting the bank...
...misnamed tin can, symbol of Americans' compulsion to litter, took on a new kind of emblematic role last week. In a rare display of Government-industry amity, U.S. Steel Corp. announced that it will raise the price of the tin-plated steel used to make most beer, vegetable and fruit cans by an average of 4.8%, and the White House publicly bestowed its blessing on the increase as a relatively moderate one. More important, TIME has learned that the Carter Administration got U.S. Steel to shave down the increase as a result of private talks that constituted a model...
First Feelers. Even before his Inauguration, Carter put out the first feelers. When steel mills in December raised prices 6% on the flat-rolled metal that goes into autos and appliances, Carter discreetly asked through intermediaries if executives would be willing to reduce the raise. Steelmen refused but got the point for the future. In mid-January, U.S. Steel Chairman Edgar B. Speer visited Bert Lance, who was about to become director of the Office of Management and Budget, to tell him that a raise on tin plate was coming. Lance asked him to return to Washington to talk about...
...Steel President David M. Roderick says the talks were "notification, not negotiation." But Administration officials told TIME Correspondent Philip Taubman that Speer had initially proposed an increase substantially larger than 4.8%, and was talked out of it-by arguments that are still unknown. The White House, in publicly approving the boost, noted that it was considerably lower than the average 6.5% rise in industrial products in 1976. Informally, Lance was jubilant. "This is a major milestone," he says. "It shows that there can be cooperation between business and Government and they can work together to reduce the threat of inflation...
...permit their works to be installed there. Louise Nevelson, Robert Motherwell, James Rosenquist and some 40 other American artists, collectors and critics boycotted the place to protest against France's release of Palestinian Terrorist Abu Daoud. Other detractors simply charged that the computerized temple of glass and steel was too expensive (about $200 million). And so, amid all the scandale beloved of the Parisian art world, 3,500 notables were invited to gather this week for the opening of the Georges Pompidou National Center for Art and Culture...