Word: steels
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...would be wonderful if the people of Weirton banded together and successfully purchased the faltering Weirton Steel Co. [Aug. 9]. Watching Weirton Steel rise from its own financial ashes would inspire other companies in similar predicaments. With much hard work, Weirton might pull...
...been a lowering of expectations," meaning that people no longer believe prices must rise faster and faster forever. Heller and others cite structural changes in the U.S. economy as another factor behind the high hopes for stable prices. These include: increased foreign competition in industries like autos and steel; deregulation, which has led to more price competition in airlines and trucking; and, of great importance, prospects for renewed growth in productivity, or output per man-hour...
...move was a deal he cut with Don Bailey, a Democrat from the steelworking region of southwestern Pennsylvania. The way the tax bill was written, some depressed industries that installed new equipment before the end of 1982 could sell their deductions under the safe harbor leasing provisions. For the steel industry, however, the deadline had to be extended for there to be any benefits. Bailey told Rostenkowski: "These things have to be changed." But Bailey did not make his request until 10:30 Tuesday night, 90 minutes before the conference committee report on the bill had to be filed...
...that AEG-Telefunken is in receivership, a court-appointed appraiser will determine whether it can pay the legal minimum of 40% of its debts within 18 months and still remain in business. The Bonn government, which in the past has helped arrange mergers between troubled companies in the steel and automobile industries, has promised additional aid. Even if part of the firm survives, however, at least 20,000 jobs will be lost and dozens of factories either sold or shut down...
...always gratified by the diversity he sees and hears. Within a three-week span this spring, he celebrated with Greek Americans, attended a Ukrainian festival, and went on to meet with labor leaders and capitalists, Westerners and Easterners. He was in Pittsburgh not long ago, the same day the steel plants laid off more workers. He went with trepidation into a mill, only to be greeted by a big warm handshake from a smiling man in a hard hat pasted with a U.S. flag decal, cracked and peeling but, like the man, still holding...