Word: steels
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Dates: during 1970-1979
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Disputed Findings. The 1974 Trade Act permits quotas when domestic producers can show that imports are causing grave injury to a U.S. industry-and the stainless-and specialty-steel producers have been seriously injured. Domestic mills in 1974 ran at full capacity; last year they operated at 40% of potential. During last year's third quarter, 40% of the 65,000 workers in the industry were idle. The ITC found that imports of four of the five types of steel covered by Ford's order-stainless sheet and strip, bar, plate and alloy tool steel-rose...
...Economic Advisers, faults the ITC for "never even questioning" the role of industry price policy. ITC data indicate that on most of the products concerned, domestic prices were rising last year while the prices of imports either were falling or going up less than the made-in-America steel. Richard Simmons, president of Allegheny Ludlum Steel Corp., the largest U.S. specialty-steel producer, challenges that finding: he says his company cut prices in 1975 by as much as 25% but nonetheless was undersold by foreign producers whose exports were subsidized by their governments...
...about 20 corporations have included the boycott disclosure resolutions--authored by the American Jewish Congress--on their proxy ballots, and Harvard holds stock in three of them: General Electric, Union Carbide and U.S. Steel...
...find yourself in the audience at either of these dens, dropping peanut shells on the floor and putting a poptop back into the beercan before you slurp up the suds oozing around the rim, Jimmy Buffett may just be standing right in front of you, along with the pedal steel you've been looking for. Jimmy Buffett is a semi-permanent escapee, you see, whose major claim to fame as far as the Southern vocabulary goes is his invention and frequent usage of the phrase "commode-hugging drunk," which comes in real handy on recriminating mornings replete with description...
...contribution to the New Country has been a sophisticated rowdiness, a wallowing in the sound of words, a degree of self-parody, and a subtly vulgar description of place and time and living. Buffett's worst moments are his most sentimental, when strings overwhelm his plain acoustic and pedal steel guitars, when he talks about his grandfather and going home, and gets trapped in the old cliches. These moments are more numerous on Buffett's later albums--as he runs out of youthful exuberance, maybe--but he greases his way out of most of the beartraps with little twists...