Word: wall
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Dates: during 1960-1969
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WHAT is the relationship between the Mason-Dixon line, the DMZ, the China Wall, the 38th parallel and the Berlin Wall? What do the words Realpolitik and denouement mean...
...support a permanent school can get one fast. From six large depots in Mexico City, they can order prefabricated steel frames, desks, blackboards, a basic 50-book library, toilet and shower, and quarters for a teacher. The village pays a third of the cost (about $400), supplies such wall material as concrete, adobe or brick, and provides the labor to assemble the structure, which can be put together in a few days. "Knowing that they have contributed," explains Construction Engineer Enrique Estrada, "gives villagers a sense of pride and ownership...
...sense, virtually all large U.S. companies are conglomerates; U.S. Steel, for example, not only turns out metals but also builds bridges and sells cement. However, in Wall Street parlance, conglomerates are generally those companies that have adopted a diversification-by-merger philosophy as a way of corporate life-and most of them share Harold Geneen's distaste for the term. After all, says Ralph Ablon, who has built his Ogden Corp. into a far-reaching (shipbuilding, metals, processed foods) conglomerate, the word connotes a company with "no unity, no purpose and no design."* To most image-conscious companies...
...persevered, graduated from Suffield, afterward got a job as a page on Wall Street, where he developed an enthusiasm for finance. At night he studied accounting. At Manhattan's Lybrand Ross Bros. & Montgomery, where he was an accountant for eight years, Geneen became known as a hard-driving young man whose grasp of business, recalls Lybrand Partner Philip Bardes, "went far beyond the balance statement." Geneen next moved through corporate-finance jobs at American Can Co., Bell & Howell and Jones & Laughlin Steel, combing their ledgers, as a colleague of those years later put it, like "a bloodhound...
...founded a cement company and one to supply sand and gravel. As an industrialist he followed this idea on a grander scale. Because steel shipments were slow, he organized Kaiser Steel at Fontana, Calif., with a $123 million Reconstruction Finance Corp. loan that brought considerable criticism from Congress and Wall Street alike. He dabbled in airplanes, and with Howard Hughes conceived the idea of a ten-engine cargo plane that never got off the drafting board. Later he founded Kaiser Aluminum...