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...lessons were too easily learned. Politics is as complex as society itself and we are now beginning to discover in the streets of Teheran and the closed factories in Youngstown, that peace is not an absolute value and that managing an economy is more difficult than we supposed. I am not arguing for the opposite of these policies: "send in the Marines" is as simplistic a principle as "no more Vietnams." But at a minimum, the 1980s should be a time when we re-evaluate the lessons of Vietnam and learn to distinguish the errors we made there from...

Author: By James Q. Wilson, | Title: A Middle-Aged Decade | 1/7/1980 | See Source »

...declined. As sales of U.S.-made autos tumbled 16.7% in the last six months, largely because of infuriating gasoline lines and inflating gasoline prices, recession and high unemployment struck Detroit, Flint and other carmaking capitals. Also hurt were the industry's supplier cities: rubbermaking Akron, glassmaking Toledo, steelmaking Youngstown. Layoffs in the auto industry mounted to 116,000 workers (out of a total 765,400), and in steel to 45,000 (out of 466,859). Unemployment also ran higher than the national average in the metropolitan areas that live off heavier industries and old lines of commerce...

Author: /time Magazine | Title: Business: Now a Middling-Size Downturn | 12/31/1979 | See Source »

...survive in Youngstown...

Author: /time Magazine | Title: Business: Buying Jobs | 12/24/1979 | See Source »

Last year the Aeroquip Corp., a subsidiary of Toledo-based Libbey-Owens-Ford, announced that it was closing its hydraulic hose plant in Youngstown, Ohio. The city was already strug- gling to absorb the layoffs of more than 4,000 steelworkers, and new job prospects in the area seemed slim. So some of the 375 employees decided to buy the 48-acre facility and run it themselves...

Author: /time Magazine | Title: Business: Buying Jobs | 12/24/1979 | See Source »

Officers at Aeroquip were skeptical when the Youngstown employees presented their plan to buy the plant, but they agreed to sell if the buyers could pay the $2.5 million price. Frank Ciarniello, head of the United Rubber Workers local and a machine operator at the plant, and William Hawkins, then a general foreman and now vice president for operations, persuaded C.C. ("Pete") Broadwater, Aeroquip's manager of hose operations, to quit his job and join the new company as chairman and president. Aided by the Ohio Public Interest Campaign, a group that works to encourage business development, and Youngstown...

Author: /time Magazine | Title: Business: Buying Jobs | 12/24/1979 | See Source »

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