Word: steels
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Dates: during 1970-1979
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...vital investments that they make in new plant and equipment. "We made our plans, and they haven't changed," says Joel Goldberg, president of Rich's, a chain of 12 department stores, which has its headquarters in Atlanta. Speaking to shareholders in Boston last week, U.S. Steel Chairman Edgar Speer declared that his company would go ahead with plans to spend about $900 million in 1977. Somewhat similar statements came from J.C. Penney and American Electric Power...
...community as an indispensable ally in revving up the economy. Carter has repeatedly said that most of the new jobs needed to reduce unemployment must be created by private business, not the Government; corporate leaders hope he will realize that that strategy requires policies to encourage investment. Says U.S. Steel's Speer: "People are not going to stand for unemployment, and they are not going to stand for higher taxes [to finance federal job-creating programs]. I wouldn't be surprised if certain tax reforms go in place early in his term-investment tax credits, faster...
...caviar substitute out of milk, and the Ministry of Fisheries has opened a pilot production line in Moscow to try it out. Located in a corner of a large fish processing plant on the banks of the Moscow Canal, the line is a 60-ft. stretch of stainless-steel tanks, plunging pistons and gurgling agitators, ending in a conveyor belt that delivers small jars labeled CAVIAR-PROTEIN-FRESH. Although the facility turns out only 440 lbs. a day, bigger plants are on the drawing boards...
...wandered in a daze around the bent cars, a crowd of people stood and stared; a woman sat on the ground with her head in her hands; a policeman tried to keep things moving. The tow truck creaked as it dragged the two cars out of each other's steel embrace, but the people made no sound. An insistent flash from the policeman's cruiser froze the image in blue once every second...
...engineer said the noises come from "squeaking" when the steel radiator in Sever 11 expands and contracts in response to temperature changes...