Word: aluminum
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Dates: during 2000-2009
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...crash. China will continue to grow at a significant rate" of 8.3% this year and 8.2% in 2005, he estimates. But that's not to say that some overheated sectors in which investment has been rampant will not suffer. Beijing has targeted a number of industries-among them aluminum, autos, construction supplies, real estate, steel and textiles-for special restrictions. Among other measures, the government is discouraging new projects by withholding necessary approvals, threatening punishment to those who ignore a prohibition on converting agricultural land to other uses and requiring entrepreneurs to risk more of their own money. For example...
...Beijing has ordered the country's banks to lend less to overheated sectors, including steel, cement and aluminum, and earlier this month dispatched inspection teams to seven provinces to ensure its dictates are heeded. Will it work? In Anhui, Hangxiao Steel recently increased its savings in case loans dry up. That's a good sign: if companies start borrowing less, growth might moderate to a more sustainable pace. From New York to Tokyo, savvy economists will do well to keep a watchful eye on places like Anhui. Now that China is at the heart of the global economy, the future...
...does provide students with non-credit and for-credit activities that could not be offered in any other environment. With wide participation from faculty and student clubs, MIT’s Independent Activities Period (IAP) allows students to do lab work, learn topology, shoot a bow-and-arrow, weld aluminum and watch imported anime—literally everyday. Middlebury’s J-term includes extensive travel and service opportunities. At Harvard, an ideal J-term could open up the possibility of international travel, research and volunteer work. Student groups could also take advantage of January to plan ambitious activities...
...Guernica, a village of 10,000 souls, has a small munitions factory and barracks on its outskirts. Guernica is also the traditional capital of the Basques ... Last week the German planes came over in waves, blasting the houses from their foundations with heavy bombs, loosing showers of glittering deadly aluminum incendiary bombs to turn the "Holy City" to a furnace. Skimming the roof tops, fighting planes followed with all machine guns popping, harrying terrified peasants through the fields, sending them sprawling in their own blood. Over 1,600 men, women and children were killed ... Said [a Catholic prelate...
BYRNE: We own Alcoa, which we consider a defensive play. Alcoa doesn't just make aluminum. It owns alumina, which is the starter, the yeast, and which is in short supply. Alcoa pretty much controls alumina in the world. That makes it special...