Word: steels
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Even Hatcher, who feuded with Gary's business community for three terms, has been trying to mend fences. He recently signed a tax abatement bill to spur investment in plants, land and equipment, and has unproved relations with U.S. Steel, which has announced that Gary will become the center of its steel operation. "I could be elected as many times as I want without the support of the business community, but I can't govern effectively without that support," Hatcher says...
...centrist Social Democratic Party-Liberal Alliance was less visible on the hustings, though still hopeful of re-establishing itself as a strong third force. Like some of his colleagues, S.D.P. Leader Roy Jenkins, 62, was concentrating on defending his own marginal seat in Glasgow. Liberal Party Leader David Steel, 45, who has a safe seat, made up for Jenkins' absence, gathering mileage for the Alliance as he traveled the country in his colorful campaign "battlebus." "What chance is there that a new Britain can be built by the old parties," he asked a Scottish audience, "one of whom draws...
...criticisms, Thatcher has been surging ahead in surveys that rank the rival party leaders by preference as "the best Prime Minister": she scores 48%, vs. 22% for Steel, 16% for Foot and 7% for Jenkins. Much of this, another poll notes, stems from the fact that Britons are preparing to vote for negative rather than positive reasons, against Foot rather than for Thatcher. Certainly one of her biggest allies is Labor's weakness...
Because the American steel industry has been shielded from competition, companies that buy its product pay artificially high prices. That is one reason, economists point out, for the auto industry's troubles, since it is one of the heaviest steel users. Says C. Fred Bergsten, director of the Institute for International Economics in Washington: "In the long run, jobs saved by protection of one industry tend to be offset by the loss of jobs in other industries." In the short run, protectionism is a big contributor to inflation...
...provide capital to help companies become competitive internationally. Says Lundine: "In today's context, we are simply not able to generate the kind of patient capital necessary to foster innovative, emerging enterprises. We are not able to finance the huge reinvestments necessary to restore a world-class steel industry...