Magazine content is available exclusively for TIME subscribers.Government: Nationalization - American Style
When Brian Lawler became mayor of New Bedford, Mass. (pop. 97,250), in 1983, he knew he would be in charge of schools, parks and garbage pickup, but he never thought about running a factory. Until now. Lawler announced last week that the city stood ready to make unprecedented use of its power of eminent domain to take over Morse Cutting Tools, a 120-year-old New Bedford manufacturer that employs about 450 workers. Gulf & Western Industries, the New York-based conglomerate that owns Morse Cutting Tools, has been shedding divisions and has set a tentative July 31 deadline for selling...
Email, Password or Region is incorrect
A required form parameter was missing.
The System is currently down. Please try again in a few minutes.
Email Address is invalid
Password is blank
Most Popular »
- Your Turn, Canada: A Second-By-Second Look at Jeremy Lin Lighting Up Toronto
- Love Ever After: A Valentine’s Day Special
- Linsanity Heads East, Linfects China and Taiwan
- Can Jeremy Lin End The MSG/Time Warner Cable War?
- After Whitney Houston, Musicians Say: I'm Afraid
- Move Over, Pajama Jeans: Dress-Pant Sweatpants Have Arrived
- Music: White Lies and The White Stripes
- Top 10 Famous Love Letters
- Roving the Red Planet
- Rick Santorum Wants to Fight 'The Dangers Of Contraception'
- Beirut: Where Valentine's Day Belongs to Another Kind of Saint
- Europe's Deep Freeze: Why Climate Change Is Not (Entirely) to Blame
- Under Armour's Big Step Up
- Archaeology in Jerusalem: Digging Up Trouble
- The Power of Make-Believe
- Russian Kids in America: When The Adopted Can't Adapt
- What Happens When We Die?
- How Not to Raise a Bully: The Early Roots of Empathy
- Burning Desire For Freedom
- Friends With Benefits
More News from Our Partners
Top Stories on TIME.com
Quotes of the Day »
