Word: coaling
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...Stocks sold off across the board Tuesday, with the Dow losing another 49 points, the S&P dropping 10 and the NASDAQ losing 58 (although techs are dealing with internal earnings issues more than geopolitical ones). Crude oil prices, meanwhile, hit six-month highs during Tuesday's session, and coal, natural gas and pipeline stocks followed suit to become the new hot tickets of the week...
...prime example of Washington's salesman culture. A TIME investigation reveals just how excessive it was: at tables sold for $25,000 apiece were oilmen seeking to lift U.S. embargoes against Iran and Libya; nuclear-plant owners looking for government backing of a burial ground for reactor waste; and coal, refinery and utility executives out to ease pollution standards. In addition to writing the kind of huge soft-money checks that the reform bill would outlaw, energy firms lent about 20 of their officials and lobbyists to a larger fund-raising team organized by the Republican National Committee...
...prime example of Washington's salesman culture. A TIME investigation reveals just how excessive it was: at tables sold for $25,000 apiece were oilmen seeking to lift U.S. embargoes against Iran and Libya; nuclear-plant owners looking for government backing of a burial ground for reactor waste; and coal, refinery and utility executives out to ease pollution standards. In addition to writing the kind of huge soft-money checks that the reform bill would outlaw, energy firms lent about 20 of their officials and lobbyists to a larger fund-raising team organized by the Republican National Committee...
...CHOKED UP Offering the strongest evidence to date, a study of half a million people in 116 cities shows that long-term exposure to tiny soot particles from coal-burning power plants and diesel engines raises the risk of lung cancer some 20%--comparable to the effect of living with a smoker. What can you do? Try air filters--or get out of town...
...soon. Tom Strickland, a Democratic former U.S. Attorney in Colorado who appears headed for a tight Senate race against G.O.P. incumbent Wayne Allard, says except for a brief spell around Sept. 11, "health care has been the No. 1 issue we're encountering." At a get-together with a coal-company executive three weeks ago, he expected to be asked about energy policy. Instead, the businessman complained that his firm's policy of covering its retirees' prescription-drug costs was draining $10 million a year from the bottom line. Says Strickland: "Every day I'm on the campaign trail, every...