Word: youngstowns
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...ground in Los Angeles, Martin Kazy Jr., 32, a flight instructor with 5,000 hours of experience, got into a yellow-striped Cessna 172 owned by Gibbs Flite Center at Montgomery Field, eleven miles northeast of Lindbergh Field. Kazy, who had moved to California last year from Youngstown, Ohio, had just obtained a new job flying charter aircraft throughout the West and had asked his fiancéee, Jennifer Lefler, 25, also a flyer, to travel with him as copilot. One of his last scheduled assignments as an instructor was last week's flight. With him was Marine Sergeant...
EPEA's latest project was a feasibility study on the re-opening, under community and worker control, of the shut-down Youngstown, Ohio, steel mill. Alperovitz's analysis of the much-ballyhoed "steel crisis" last year shows that corporate greed was the core of the problem, the catalyst for throwing Youngstown out of work. Youngstown Sheet and Tube, locally-owned and highly-profitable in the '60s, was 1969's Ripe Takeover of the Year. Lykes Steamship Company, based in New Orleans and one-seventh the size of Youngstown, borrowed the buy-out capital from Wall Street and elsewhere, using Youngstown...
Alperovitz's scenario in the feasibility study removes corporate clutches altogether. With federal loan guarantees similar to New York City's and with several million dollars of federal seed money, the Youngstown workers and community could buy, re-open, and gradually modernize the plant. The government's other choice is to pay the estimated $75 million in unemployment and increased welfare benefits over the next three years in Youngstown alone. Alperovitz puts it this way: A corporation would never be satisfied with a 3 per cent return because it could make 8 or 10 per cent elsewhere. But owners from...
Bell's announcement brought mixed reactions from the 15,000 workers remaining at various Youngstown Sheet and Tube plants in the U.S. While older men expressed deep relief that their pensions would not be washed out by bankruptcy, some younger workers were bitter that the Justice Department failed to attach conditions protecting existing jobs. This was discussed during the negotiation with the companies, but, said a Justice Department official, such conditions "would have got us into an area beyond our role...
...which also is a major aerospace manufacturer and food processor, is keeping quiet about its postmerger plans, at least until after shareholders of both companies vote in late August or early September to approve the linkup. All LTV has said is that it will not close Youngstown's Indiana Harbor mill, near Chicago, which could feed raw steel to Jones & Laughlin's Hennepin, Ill., processing plant and give the enlarged combine a fully integrated facility in the Middle West. While the two companies are complementary in some ways, they also have redundancies. LTV has promised that the merger...