Word: steels
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Even as a child, Bork delighted in running counter to the grain. He became a popular but bookish teenager who mystified his friends in the solidly Republican town of Ben Avon, a Pittsburgh suburb, by declaring himself a socialist. His father, a purchasing agent for a steel company, and his mother, a teacher, both thought the flirtation with socialism was crazy. "I read The Coming Struggle for Power, a Marxist analysis of capitalism by John Strachey," he recalled later. "It was powerful stuff and I thought it was probably true...
...19th century, European investments helped finance the building of America's railroads, essential for opening up the West. Later, Europeans put their money into American ranching, farming and mining. After the turn of the century, foreigners helped buttress one of the most powerful companies of the era, U.S. Steel, by buying up fully 25% of its equity...
...been more than four years since the Firestone Tire & Rubber plant in LaVergne, Tenn., was bought outright for $52 million by Bridgestone of Tokyo, Japan's No. 1 tiremaker. Some obvious things have not changed in that time: workers still labor over tire presses, for example, and steel- belted radials still roll off the line. But in any number of subtle and not so subtle ways, the influence of the new owners can be felt throughout the factory and indeed throughout the town -- from the new automated stitching equipment on the shop floor to the cherry trees growing in profusion...
...hears about Homestead, a dwindling Pennsylvania mill town of 5,092 souls just across the Monongahela River from Pittsburgh. It was the site of historic labor-management strife in 1892, when striking workers lost a 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...
...trappings normally reserved for grander state visits, including lunch with President Richard von Weizsacker, meetings with leaders of the Bundestag and five hours of talks with Kohl. Bonn quickly acceded to one Honecker request: coffee and cake at the Essen home of Berthold Beitz, chairman of the Krupp steel empire, with whom he has developed a business and hunting friendship over the past seven years. That session will be followed by a reception for Honecker at the Villa Hugel, former home of the Krupp family. "Think of it," jokes Beitz, "a lifelong Communist in the home of the Krupp cannon...