Word: titanium
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...whose millions were said to be "burning holes" in a Chase Manhattan account. Other agents in pinstripe suits served as the sheik's American emissaries, translating his gutteral commands and seeking ways to invest his money in New Jersey gambling casinos, East Coast port facilities and an American titanium mine. Along the way, the phony sheik and his aides sought to protect his investments by buying political influence in Congress, in New Jersey's Casino Control Commission, the New Jersey legislature and the Philadelphia city council. When the FBI sting ended, its supervisors alleged that the honey...
...Titanium is a high-strength, lightweight metal especially useful in aircraft construction. Demand for its use has been growing, and it is now in particularly short supply in the U.S. and Great Britain...
...agent who conveyed their words to the sheik in something approximating Arabic. Nodding and smiling under his burnoose, the sheik, who claimed to speak little English, managed to express his uncomplicated desires: he wanted to invest in land and casinos in Atlantic City, as well as in a U.S. titanium* mine in Virginia. But he was unfamiliar with the ways of politics and finance in the U.S. and needed the help of his experienced guests...
...deliver my end." The deal that began that day took at least three more meetings over several months to complete. In Manhattan's Pierre Hotel, the sheik's aides agreed to invest $100 million in the titanium mine and to give Williams an undisclosed share of the mine's stock without charge. At a rendezvous in Arlington, Va., the Senator said he would talk to high officials in Government to seek military contracts to help the mine prosper. As he was about to catch a plane to Europe from Kennedy Airport, Williams accepted the stock certificates. They...
...American dependence has focused attention on the size of current stockpiles and the feasibility of developing new domestic sources. Since World War II the Government has maintained strategic stockpiles of 93 key materials, including tin, copper and titanium, for use in a national emergency. Some are critically low. Only 32,000 tons of titanium are stockpiled, far below the 130,000-ton goal. Cobalt reserves are 22,000 tons short of the 43,000-ton target...