Word: steels
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Dates: during 1970-1979
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Carter next went to Steubenville, Ohio (pop. 30,771), a steel-and-coal town. The trip got off to an unpromising start when Democratic Senator Howard Metzenbaum, a Kennedy ally, did not show up. The state's other Democratic Senator, John Glenn, rode with the President through town but did not join him on the stage when he spoke. Asked if he was keeping his distance from the President. Glenn replied: "I'm neither keeping my distance nor getting close...
Supply economics began to reemerge during the worldwide boom of 1971-73, when food, steel, chemicals and other basic industrial materials became scarce, helping to trigger the worldwide inflation. The initial intellectual reponse to that situation was a renewed call for economic planning: if industrial bottlenecks or world food supplies are the cause of inflation, then a more careful planning of capacity and production seems only logical. Not much came of this initiative as the economy sank into recession and slow growth, though traces of the planning philosophy can be found in the legislation that was finally passed under...
...Eastern bloc also buy most of Cuba's nickel, its other major export, at prices about 50% higher than world levels, and fund most of Cuba's industrial development. Projects financed by the U.S.S.R. supply 30% of all Cuba's electricity, 95% of its steel and every last pound of its sheet metal All together Soviet aid has doubled since 1976 to about $3 billion a year...
...past eight years the national debt has gone up from $400 billion to $800 billion. "Try to get a ton of steel into France and see what happens," he taunts. "If the French steel industry doesn't want it, the government will automatically back them up." America, he says, should not allow other countries to push our economy around or subject...
Quick, now, who is the chairman of Exxon? Or U.S. Steel? Probably not even their shareholders know for sure. But the stockholders of Citizens Utilities Co., of Stamford, Conn., certainly know Richard Rosenthal. They constitute a Rosenthal fan club. By the hundreds, they write him letters that can only be called adoring. The chairman-who at 64 is wiry, bouncy and still strawberry blond-collects the mash notes between burgundy leather covers, answers them all, and elaborates in philosophical, ego-massaging (his own and the shareholders') messages in annual and interim reports, which he writes himself. Very largely...