Word: steels
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...report approved the choice of the four-story steel and reinforced concrete building as a headquarters for the Marines because it afforded good protection from sniper fire, provided a rooftop view of the nearby mountains and served as a platform for radio antennas to communicate with the offshore fleet. But the panel criticized Lieut. Colonel Howard Gerlach, the battalion commander, for permitting as many as 350 Marines to be concentrated in the building. Gerlach, who was critically injured in the explosion and is recuperating in Bethesda Naval Hospital, "failed to observe the basic security precaution of dispersion," the report found...
When Paul Thayer became Deputy Secretary of Defense a year ago, he brought a hard-nosed businessman's approach to the Pentagon bureaucracy. As chairman of both the LTV Corp., a Dallas-based energy, steel and aerospace conglomerate, and the U.S. Chamber of Commerce, he had complained about wasteful Government spending, including the military's. His new job as No. 2 at the Pentagon, with particular responsibility for weapons procurement, gave Thayer the chance to use his private-sector savvy to pare public-sector...
...litany had become so predictable that spectators at the public hearings in Manila's steel-and-glass Social Security System building groaned at each recitation. Then last week the room began to buzz expectantly as former Appeals Court Judge and Commission Chairman Corazon Agrava announced a brief recess because of "an important development." The commission members took the elevator to the twelfth floor, then quietly descended to the parking lot and were whisked to Bangkal, a seedy area of Makati across town...
...South American countries owe $71 billion to the U.S. Citibank, the largest U.S. bank, has made loans to Brazil alone worth fully 75 percent of its total capital. The nine largest U.S. banks have lent Third World nations more than twice their net worth--$64 billion. These concrete-and-steel Wall Street fortresses would be completely wiped out by a Latin American repudiation of all debt...
While putting a squeeze on workers, the steel companies continued their campaign in Washington for greater protection from imports, which have captured 19.6% of the American market. Though Western Europe and Japan have curbed their steel exports to the U.S., a new wave of shipments is flowing in from Brazil, South Korea and Mexico. Steel executives argue that these exports are subsidized by foreign governments and that the U.S. should retaliate with import quotas...