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...French officials are actively encouraging firms to move abroad. Says Premier Raymond Barre: "You can't take on the Germans and the Americans, let alone the Japanese, unless you have a well-diversified international industry, which implies foreign direct investment on an ever increasing scale." Michelin, the big tire firm, is leading the way with plans to spend upward of $400 million to produce its radial tires in four American plants...

Author: /time Magazine | Title: INVESTMENT: A Safe Haven for Frightened Funds | 7/25/1977 | See Source »

...Birmingham, and finally to drive to Memphis and check into a sleazy rooming house facing the Lorraine Motel, where King was staying. Ray insisted later to his lawyers that he was not even in the room overlooking the motel when King was shot. He was fixing the spare tire on his car. Ray contended that Raoul must have done the shooting...

Author: /time Magazine | Title: The Nation: THE QUESTION OF CONSPIRACY | 6/20/1977 | See Source »

...Anti-Tire Forces. Not everyone has admired Heidelberger's Mount Baldy. The Andover town board, charging that the tires had become a breeding ground for rats and mosquitoes, repeatedly tried to force him to get rid of them. The state, worried about a fire hazard, once demanded that he bury his tires individually, 2 ft. deep and 4 ft. apart. "There's not enough land in the state to bury all my tires," snorted Heidelberger...

Author: /time Magazine | Title: The Nation: Time to Retire | 5/23/1977 | See Source »

...resisted the anti-tire forces on a hunch: "I figured anything worth 10 a pound in 1941 sooner or later would be worth 100 a pound." Heidelberger was wrong. Much to his own-and his neighbors'-surprise, the tires have turned out to be worth much more. An Oklahoma salvage entrepreneur plans to erect a huge shredder at Heidelberger's place; he aims to process the tires to extract oil, added as a rubber-softening agent during manufacture, and steel belting, and to make an oatmeal-like material that can be mixed with hard coal to provide smooth...

Author: /time Magazine | Title: The Nation: Time to Retire | 5/23/1977 | See Source »

...expected." To Oklahoma Republican Party Chairman Rick Shelby, Nixon was "candid and forthright about the mistakes he obviously made. We saw a side of Nixon we'd never seen before." Norfolk Tavern Owner Foster Strickland summed up the mixed feelings: "If he had a flat tire, I'd stop and help him fix it, but I don't think I would ever vote...

Author: /time Magazine | Title: SEQUELS: Nixon: Once More, with Feeling | 5/16/1977 | See Source »

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