Word: copperizing
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...have squandered fortunes in global commodities markets?think Nick Leeson, who bankrupted 232-year-old Barings Bank in 1995, or the Sumitomo Metals trader who blew $1.8 billion in 1996?add a new member: Liu Qibing of Beijing's State Reserve Bureau (SRB), whose wrong-way bet on copper prices may cost the Chinese government tens of millions of dollars...
...According to copper traders who dealt with him routinely over the past several years, Liu had taken "short" positions in copper in recent months?borrowing the industrial metal at current prices to sell to others, hoping the price would fall before he was due to replace what he had borrowed. Traders say he built up a huge position, shorting some 100,000 to 200,000 tons of the metal. But because copper prices have soared lately, Liu and the SRB?a secretive state agency responsible for buying strategic commodities?may have to absorb big losses, possibly up to $100 million...
...buildings is supposed to be dead, killed by Modernist ideology and cost considerations. What this building says is that maybe craftsmanship has a high-tech future after all. To connect the de Young visually to its setting in Golden Gate Park, the architects have wrapped the structure in a copper skin embossed and perforated to produce, from a distance, the appearance of dappled sunlight filtering through trees. That pattern was copied from the blurred pixels of a digital photograph, then converted by computer into a blueprint to guide the manufacture of holes and indentations on thousands of individual copper plates...
...Korea currently generates 2.3 million kilowatts annually, about half of what it needs to keep its trains and factories running and cities lit at night. As much as a third of that is believed to leak during transmission. Some power equipment is more than 60 years old. Theft of copper and aluminum transmission lines for sale as scrap in China is rampant, even though it's a capital offense. Says Han Young Jin, who worked as an electrical engineer in Pyongyang before defecting to Seoul in 2002: "The grid is a mess." Seoul estimates that building the extra generating capacity...
...Solar Birdbath For your feathered friends, this backyard fountain needs neither wires nor transformers; it's powered by the sun. Copper with a 46-cm bowl; $179 from gardeners.com...