Word: youngstown
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...Frostbelt's dependence on the transportation industries makes it sensitive to economic downturns. In Detroit, unemployment pushes into the upper ten percentages as the Big Three lay off workers and register record level quarter losses. The Youngstown-Akron area of Ohio has lost tens of thousands of jobs with steel and Firestone tire plant closings and related business lost. In the same area and other states, outdated steel plants have shut down rather than modernize because the Big Three own enough steel rusting on four wheels in huge factory parking lots. As the old Detroit saying laments, "When the economy...
...more than half the year--one week on, one week off--and the prefab corrugated steel low-rise that houses Local 425 of the United Auto Workers has been more crowded than usual. At the steel plant, they've been a little luckier; pipe orders have come in from Youngstown, Ohio, and Indiana. But the half of the mill where 2000 people, sons of the Puerto Ricans they trucked in to keep the plant running during World War II, make steel bars hasn't been running much at all. Nearly one of six employable people in Lorain is looking...
During his campaign stop in slump-plagued Youngstown, Ohio, last week, Jimmy Carter pointed to a batch of upbeat statistics and happily assured a group of steelworkers that the battered U.S. economy is "recovering very well." But only four days later, and with little more than a week remaining in Campaign '80, the Government itself reported a shocker that was sure to keep the President's economic stewardship a prime concern of voters on Nov. 4-and push inflation squarely onto center stage again as the nation's No. 1 problem...
...struggle way behind their Japanese competitors. Can the Tories really believe that selling British Steel to the private sector would suddenly make them competitive? Who, for that matter, would buy such a dinosaur? Surely the private sector's response to such a crippled heavy steel industry would be the "Youngstown" approach--packing up and leaving town. For this reason the U.S. government bailed out the "Old" Chrysler Corporation; for this reason the British Government originally acquired the companies that were to form British Steel...
James E. Latham Youngstown, Ohio...