Word: steels
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...study seems accurate in broadest outline, but it conceals striking differences within regions. Not everything is booming along the coasts. The authors of The Bi-Coastal Economy managed to make it look that way only by excluding from the ranks of "coastal" states timber- producing Washington and Oregon and steel-dependent Pennsylvania (which lacks a coastline but is considered part of the Mid-Atlantic region). Nor is all gloom in the heartland. Michigan, one of the most depressed states a few years ago, has achieved a remarkable turnaround, thanks to heavy spending by the auto companies to battle import competition...
...wood and bronze remained fundamental materials, but they were used in unorthodox ways; and in addition, a sculptor could use any kind of junk, from cardboard, tin and pine boards (the stuff of Picasso's and Laurens's cubist constructions) to the wire and celluloid favored by constructivists, the steel plates and boiler ends forged by Smith, and so on down to rocks, twigs, burlap, twine or even the artist's own dung, which, canned and labeled by the Italian Piero Manzoni in 1961, provided a nastily prophetic comment on fetishism in late modern art. On its road away from...
Botha's performance left most U.S. Senators cold. Three days later, by a vote of 84 to 14, the Senate adopted a strong package of economic sanctions that bans imports of South African textiles, steel, uranium, coal and agricultural products. It also bars new U.S. investment in South Africa, bans new bank loans and ends landing rights for South African Airways. The Senate sanctions stopped short of the bill voted last June by the House, which called for a comprehensive trade embargo and total U.S. disinvestment. But it was a serious setback for the Reagan Administration's policy of avoiding...
...reform bill may dampen economic activity in certain sectors. Some corporate leaders worry about the reform's repeal of the venerable 6% to 10% investment tax credit for companies that buy heavy capital goods. They fear that the repeal could make it more difficult for industries like steel and machine-tool manufacturing to compete with overseas producers. Reform advocates respond that companies will gain other advantages from lower overall corporate rates. Declares Treasury Secretary James Baker: "U.S. corporations will have the lowest tax rate of any of our major trading partners...
...addition to Gandhi and Kaunda, were Prime Ministers Brian Mulroney of Canada, Robert Hawke of Australia, Robert Mugabe of Zimbabwe and Sir Lynden Pindling of the Bahamas. On the second day of the meeting, Thatcher dropped her opposition to a proposed European Community ban on South African coal, steel and iron, and said she would accept "voluntary" restrictions on new British investment and the promotion of South African tourism. For the other six leaders present, this was nowhere near enough. Together they endorsed a set of sanctions proposed at a previous Commonwealth gathering that included a ban on agricultural imports...