Word: steels
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Dates: during 1970-1979
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...mandated plant should qualify; for example, regulations require that elevators be installed in 20-story buildings, but no one thinks they should be written off in one year. The kind of expense on which business would like to have relief was highlighted last week when, under Government pressure, U.S. Steel agreed to spend $400 million for pollution controls, mainly for nine plants in the Pittsburgh area. By 1982 the expenditures will add $25 a ton to the cost of production, or about $37 to the price of an automobile...
Opposition may come from the Treasury, where some officials not only dislike the revenue loss but also worry about breaking the link between the replacement life of a product and its tax depreciation. Such a break, according to this argument, might cause favoritism for certain industries. The steel industry, which now depreciates its assets rather slowly, would get a better advantage than the auto industry, which depreciates its assets more rapidly. In addition, groups that oppose tax cuts for business will fight the speedy depreciation. However, these opponents are in the minority. Most Congress watchers believe that if the business...
...capitalism, advocated closer ties with Communist nations in the interest of world peace; in Northfield, Ohio. Born in Pugwash, Nova Scotia, Eaton was dissuaded from becoming a Baptist minister by Oil Magnate John D. Rockefeller Sr., who recognized his knack for business. Eaton amassed a fortune in power companies, steel and rubber concerns. After Hiroshima his chief interest became saving "capitalism and all mankind from nuclear annihilation." He conducted a series of "Pugwash Conferences" between Western and Communist intellectuals, promoted trade with Eastern bloc countries, and met frequently with Soviet leaders-efforts that won him the Lenin Peace Prize...
...avoid a major gaffe by their outspoken leader, Tory strategists designed a media campaign to keep her on camera but away from confrontation. Nevertheless, Thatcher's sometimes hectoring, sometimes condescending manner irritated many voters. In one poll last week, she ranked behind both Callaghan and the Liberals' David Steel as a campaign performer. In the end, though, the desire for change proved overwhelming, and on election day Britons voted in near record numbers for the Tories and their fighting lady...
...labor practices that many American firms in South Africa have agreed to follow. To judge by the angry reaction of several of South Africa's white labor leaders, the Wiehahn proposals must seem fairly far reaching. Wessel Bornman, chief secretary of the all-white 38,000-member Iron, Steel and Allied Industries Union, denounced them as "a slap in the face of every white worker in the country and the biggest embarrassment to white unions in the history of South Africa...