Word: steels
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Dates: during 1970-1979
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...cost Government loans to domestic mills to enable them to improve plants and buy efficient new equipment. That would be similar to the help that governments in Europe and Japan extend to their steel industries...
...Faster tax write-offs for aging equipment that would increase the industry's cash flow and provide more capital for modernization. If approved by Congress, the measure would benefit all industries. At present, steel assets generally can be depreciated over 14½years; Solomon would cut that period to twelve years...
...rejiggering of freight rates by the Interstate Commerce Commission to lower the cost of shipping steel by railroad. The aim is to enable steel produced in the Midwest to compete more efficiently with foreign steel, much of which is sold in coastal areas close to ports of entry...
...easing of antitrust regulations that would permit small-and medium-size steel companies to form joint ventures to develop advanced technology-for example, designing new rolling mills or coke ovens...
Since 1974 more than 50 Yankee bond issues have been sold in the U.S., almost all by governments or organizations whose credit is government-guaranteed. Borrowers include the national governments of Australia, Finland and Norway; the city governments of Oslo and Stockholm; the European Coal and Steel Community and the European Investment Bank; the Japan Development Bank; the state-owned French railroad, telecommunications and electricity networks. Privately owned foreign companies still sell few bonds in the U.S.; they prefer to raise their money in Europe where, for all the disadvantages, there are no tough rules ordering disclosure of secret corporate...