Word: smokestacks
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...Atlantic last week, the majestic white passenger liner evoked memories of such grand old ships as the Queen Mary and the Normandie. Yet this $200 million craft, built at a French shipyard during the past 21 months, is very much a space-age creation. Cantilevered from her single smokestack, 14 stories above the waterline, is a flying cocktail lounge. Inside the ship, an atrium five decks high forms a main lobby, complete with glass elevators and towering fountains. There is nothing modest about the new ship, from her name, Sovereign of the Seas, freshly painted in bright blue letters across...
...bloody (ten dead) battle with armed, union-busting Pinkerton agents hired by the Carnegie Steel Co. More recently, after U.S. Steel (now the USX Corp.) closed a plant that had provided about 15,000 jobs, the town commanded attention as a victim of the economic tides that have sunk smokestack industries. Last week Homestead blurted into national attention yet again -- this time because of a police campaign to solve a series of rapes by seeking the fingerprints of almost every black man in town...
Gerald Tsai, 59, is a legendary Wall Street figure who made millions as a mutual-fund manager during the go-go '60s. Now the Shanghai-born whiz is chief executive of Primerica, formerly American Can, once a pillar of Smokestack America and currently a $2.9 billion financial-services conglomerate. Last week Tsai burst back onto Wall Street when Primerica announced that it had agreed to buy Smith Barney, one of the country's best-known brokerage firms, for $750 million...
...political symbol: "She has been used to depict the troubles of Presidents Ford, Carter, and Reagan. In British cartoons both the ship and the iceberg have represented Prime Minister Margaret Thatcher." The Titanic is also a lure for trivia buffs: "Who led the ship's band? (Wallace Hartley.) Which smokestack was the dummy? (The fourth.)" And the tragedy furnishes social historians with a cutaway of Edwardian strata: "Should normal Class Precedence prevail," the crew wondered, "or the rule of 'Women and children first'?" Last year the Titanic's wreckage was spotted on the Atlantic floor, and speculation began anew. Could...
...zeroed in on another factor: the U.S. trade deficit, which hit a record $148.5 billion last year and is running even higher in 1986. Their purpose seems to be to build support for import-limiting legislation. But the trade deficit has hurt farmers, who have lost foreign markets, and smokestack industries, beset by import competition, far more than service and high-tech businesses...