Word: backyarders
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Dates: during 2000-2009
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...projects really were shovel-ready, and the money hit the streets quickly - and in large dollops. Outlays on new railway construction, for example, were $41 billion last year. They will be $88 billion this year. Says one senior FORTUNE 500 executive: "In the U.S., NIMBY [not in my backyard] is still the order of the day, whereas in China it's more like IMBY. They build where they want, when they want. And they move fast." (Read "A New Deal for China...
...Presse Agentur news service, which is included in the Stasi file. It says that hundreds of East German security forces rushed the crowd in the early morning hours after the concert, and estimates that about 30 people were arrested. (See pictures of the young Michael Jackson in his own backyard...
...competition is heating up. Siemens now looks set to form a partnership with Rosatom, Russia's main nuclear-energy company and the world's second largest. The move will give the Russian firm new technological and engineering credibility, and mean another strong rival for Areva right in its own backyard. And China's push for nuclear plants is likely to presage competition from that country. "China wants the ability to build its own nuclear facilities in the future," says Nicolas Véron, a capital-markets and foreign-investment expert with Brussels think tank Bruegel. "A large part...
...predictable outrage from the predictable quarters. Republican leaders - as well as quite a few Democrats - oppose bringing Gitmo detainees to the U.S. mainland on the grounds that they would pose a security threat. Senator Sam Brownback and Representative Jerry Moran, both Kansas Republicans, are leading the not-in-our-backyard brigade at Fort Leavenworth; both have denounced the task force's proposal as a bad idea. (There are indications that there may be local support for the Standish plan, which would save the 600-cell prison from imminent closure and preserve local jobs.) "My belief is that at this point...
...Jupiter Cosmic Crash While peering through his backyard telescope, Anthony Wesley, a 44-year-old amateur astronomer, spied a massive black spot on Jupiter's surface. The Australian quickly e-mailed NASA, and scientists manning an infrared telescope in Mauna Kea, Hawaii, confirmed his hunch: a fast-moving object--possibly a comet--had apparently smashed into the solar system's largest planet, leaving a nearly Earth-size "scar" in its atmosphere. The collision came almost exactly 15 years after a comet last hit Jupiter...