Word: steels
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...International Trade Commission tossed an election-year grenade at the Reagan Administration last week. By a vote of 3 to 2, the commissioners recommended that the President impose sweeping new quotas and tariffs to protect many kinds of American steel products from foreign competition. In the case of semifinished steel, for example, the ITC suggested that a 20% tariff should be levied if imports exceed 1.5 million tons per year. Foreign shipments have captured about 26% of the American steel market. Trade experts estimate that the actions recommended by the ITC would keep imports...
Gary Hart likes to say that if he is elected President, he will assemble management, labor and finance leaders of "key" industries such as steel and autos at the White House, where they will jawbone out a deal under Government guidance. Labor would make concessions in wage demands in return for job guarantees, business would promise to reinvest in new equipment in exchange for Government-backed loans, and so forth. It is an interesting idea, until one recalls the exhausting battles that invariably surround a single corporate bailout, such as that of Lockheed or Chrysler Corp. Moreover, an industrial recovery...
...into its compact Mustang and produced a car with neck-snapping acceleration: 0 to 60 m.p.h. in 7.2 sec. The luxurious Continental Mark VII LSC has been redesigned for better handling. It has a new slippery shape and a suspension system that uses air-filled rubber sacks instead of steel shock absorbers. Another manufacturer that has been especially successful with cars designed for demanding drivers is Pontiac. In addition to the Fiero, it has won over customers with its 6000 STE, a mid-size model aimed at wooing young adults away from expensive imports. The STE has a wedge-shape...
...opening dispels any doubts on that point. In a blitzkrieg of light, sound, lasers and smoke, shambling creatures that resemble Big Bird's pal Mr. Snuffle-Upagus re-enact a short, skewered version of The Sword in the Stone. The young man who yanks the steel out of the rock turns out, of course, to be our Michael, and the lasers reflecting off the blade into the far reaches of the stadium make him look for a moment like a dashboard saint from a head shop. This prologue is dramatic, funny and, at the end, nicely self-mocking. Spoilsports...
...Full Circle, Steel...