Word: coasts
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...with glitter, hibiscus cloth cutouts and other decorations for $500 and up at her Santa Cruz store, Paradise Surf Shop. Five years ago, Paradise was the only surf-gear store catering to women. Now other local shops devote large sections to women, a trend being replicated on the East Coast as well...
Natural materials are all the rage. Cargill Dow, a joint venture by the agricultural giant (Cargill) and the chemical company (Dow), is manufacturing biodegradable and recyclable plastics from corn sugars. The company already makes environmentally friendly packaging for Sony products and pillow stuffing for Pacific Coast Feather. "Our fate is tied to how many products we can make from renewable resources," says chief technology officer Patrick Gruber. The company opened a $300 million facility in Blair, Neb., last year that makes packaging material, plastic cups and film wraps...
...billionaires they created. One of the most spectacular deals was the 750,000-acre acquisition of temperate rain forest in southern Chile by Doug Tompkins, who has headed the North Face and Esprit clothing companies. Tompkins spent some $15 million to acquire Pumalin Park, which stretches from the Chilean coast to Argentina. He is now buying land on the coast of Patagonia in southern Argentina to establish a reserve there. Other big private purchasers include Alan Weeden of New York City's Weeden Foundation, who has bought some 200,000 acres in South America and Africa, and Peter Buckley...
...What this meeting must really be about is responsibility--not only government responsibility but personal responsibility. We are not cleaning up our own mess. We are not facing up to the price of our lifestyles. In Canada we know we are wiping out the salmon of the West Coast, just as we wiped out cod from the East Coast, but we continue overfishing. We keep driving our suvs in the city, even though we are starting to feel the effects of climate change--a direct result of burning too much fossil fuel...
...months, troubled airlines from all over the world have been appealing to TPG for help. The partners were most interested, though, when a call came from David Siegel, CEO of US Airways, who had worked at Continental during TPG's turnaround of that carrier. US Airways has valuable East Coast routes and gates and an above-average revenue per seat. But aircraft and labor costs were killing it. Siegel wanted to bring US Airways out of debt without bankruptcy. But TPG, while encouraged by union concessions, was adamant that the airline undergo a thorough restructuring in the courts to write...