Word: bulks
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...State started out with a clear advantage over California: there is more than enough electricity to go around. Like those in many other states that are taking a less radical approach to deregulation, such as Michigan and New Jersey, Pennsylvania's incumbent utilities were not required to sell the bulk of their power plants and become middlemen, vulnerable to the price spikes in the wholesale market. Even if they chose to purchase from other generators, they were allowed to lock in reasonable prices with long-term contracts instead of relying on the daily spot market. "As usual, California fired before...
...sides agree that the consolidations would force rival carriers to bulk up fast or join the endangered list. The most vulnerable major competitors would include No. 3 Delta, whose 18% share of the market would suddenly make it seem like a second-tier competitor to United and American. "Delta would be severely wounded if it just sat back and did nothing," says Brian Harris, who follows airlines for the Salomon Smith Barney investment firm. That could prompt Delta to make a play for No. 4 Northwest or No. 5 Continental. Either deal would give the top three carriers control...
...matter of practical demographics. With the shrinking of unionized manufacturing, the labor movement has lost members--and political clout. Now focusing on the growing service sector, unions see immigrants, including the estimated 5 million to 6 million undocumented workers, as a rich source of new constituents. The bulk of the illegal ones are Latinos, who are joining unions at twice the rate of Caucasians...
...California's vineyards. Mondavi looked abroad to satisfy U.S. consumer demand for wine, which was increasing 30% each year. The company found what it was looking for in the Languedoc, where grape growers were starting to market single-variety wines. The Languedoc was also a region that was abandoning bulk production in favor of high-quality winemaking. "If you look at the climate and the soils here, you've got every element you need to make world-class wine," says Pearson...
...much more than the one that is now emerging," says Andrew Krepinevich, an ex-Army officer who directs the Center for Strategic and Budgetary Assessments, a Washington think tank. Increasing numbers of enemy missiles will render slower U.S. weapons vulnerable as they lumber to the front. "Crusader, with its bulk and sizable logistics tail," he says, "will not likely fare well in such an environment...