Word: toole
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Dates: during 1970-1979
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...first oil-drill bit that could bore through rock, thus opening vast untapped fields to exploration. "Little Howard" was only 18 when his father died, but he persuaded a Texas court to declare him to be of age. He bought out his relatives and took over the Hughes Tool Co. as sole owner...
...constructing a mansion: "Bob, please go ahead and buy the two lots in the name of H.T. [Hughes Tool] Co., and please proceed to build likewise at the company's expense. I think we might get the building job done more economically if the architect and the builder think it is for you at your expense. Many thanks. Howard...
...that none of the suggestions in the memo were carried out; their statement was challenged by the Ralph Nader-affiliated Health Research group. Whether or not the Health Research Group's accusations are true, the fact that a relatively high-level OSHA official viewed his agency as a political tool suggests that some of OSHA's problems are due to a lack of commitment within the agency to the spirit of the original legislation...
President Ford made his first major foreign-trade decision last week and came down in favor of election-year politics against free-market philosophy. In response to vigorous lobbying by steelmakers and the steelworkers union, Ford agreed to limit imports of most stainless and alloy tool steels. He directed his special trade representative, Frederick Dent, to attempt to negotiate "orderly marketing agreements" with the major foreign exporters: Japan, Sweden and the European Common Market. If such agreements are not concluded by June 14, Ford will impose quotas similar to those recommended in January by the U.S. International Trade Commission...
...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 in 1975, and concluded that imports were at least as important a cause of the industry's troubles as any other factor, a prerequisite for relief under the Trade...