FIN Turns 33
FEATURE
1999 FIN – Callahan’s Observations on the Changing Industry at the 20th Anniversary of Fastener Industry News
Editor’s Note: To Mark the 20th anniversary of Fastener Industry News, the founder, first editor and first publisher, Dick Callahan, recalled his years from 1979 to 1994.
By Dick Callahan
July 9, 1999 FIN – Twenty years ago, July 10, 1979, to be exact, my boss (and wife) Harriet and I started this biweekly newsletter, adding it to our other publications, including Wire Industry News (WIN) and Supplier Industry News (SIN).
Starting FIN in 1979 was not a great piece of timing on our part. Jimmy Carter was in his third year as the 39th president, there were distractions, such as the hostage situation in Iran, an energy crisis, record federal expenditures, an unsuccessful attempt to cut taxes and wrangling over the proposed return of the Panama Canal to Panama. Double-digit inflation and rising unemployment (reaching 7.8 million) resulted in a recession – the seventh since World War II – and the election of Ronald Reagan as president in 1980.
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