Word: steels
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...continue to tidy up her Cabinet, but a pair of opposition leaders, Laborite Michael Foot, 69, and the Social Democrat Roy Jenkins, 62, decided to call it quits. As members of the Liberal Party began grumbling about their alliance with the Social Democratic Party (S.D.P.), their popular chief, David Steel, hinted he might also bow out before the next election...
...decline by as much as 5%. During the first three months of the year, as the government's austerity program took hold, industrial production was off 11%. Mexico's auto industry, the country's largest non-oil enterprise, suffered a 50% drop in sales. Iron and steel production cooled by 11.5%. The output of radios and other appliances dropped 20%. Even beer consumption was off 20%. The number of jobs in the economy shrank by about 8%, adding perhaps as many as 1.6 million more people to the 10 million already out of work or underemployed...
...squeeze may serve as a warning for countries who once sought quick riches from their natural resources only to find themselves stymied when commodity prices fell. Counting on a permanent high price for oil, Mexico had borrowed heavily from banks in the U.S. and elsewhere to finance drilling, steel production, roads, hospitals and increased automobile manufacturing. Bankers in New York, Tokyo and London dispensed the money after only cursory precautions because the loans were paying lucratively high interest rates of as much as 17%. Moreover, it all seemed so safe. Mexico's oil exports were rising from a paltry...
...Superman has triumphed over nearly every species of injustice. The villains of Metropolis bang their clenched fists against his chest and go away whimpering. Preternatural varmints from the planet Krypton attempt to bend his will to theirs and end up with splitting headaches. But now, perhaps, the Man of Steel has finally met his match: his own rotten self. See Good battle Evil in a schizophrenic clash that makes for the most entertaining and affecting Superman...
...prizefight. Hankering to be a world capital for a day, Shelby constructed a 40,000-seat arena for a Dempsey-Tommy Gibbons fight, only to have trouble raising the $300,000 guarantee required by Dempsey's rascally manager Jack ("Doc") Kearns. ("Give Doc 1,000 Ibs. of steel wool," it was said, "and he'll knit you a stove.") Barely 7,000 people paid to see the fight: the rest crashed the fences. Two banks failed. The town virtually bankrupted itself. And Dempsey beat Gibbons, who was not paid...