Word: fasts
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...industry ran into trouble in the 1980s, governments across Europe poured in billions of dollars of state aid in an attempt to keep it alive. But times have changed. State aid is now banned, barring exceptional circumstances. And with the emergence of China, India, Brazil and Russia as fast-growing world economic forces, demand for all sorts of basic materials from oil to platinum has been on the rise. Steel prices have doubled in the past four years, and worldwide output of an industry once written off as moribund has risen by more than 30% since...
While he's a hero in his native country, Mittal had to move fast last week to counteract attempts in parts of Europe to paint him as a villain. He spent most of the week shuttling in his private jet from European capital to European capital, including three trips to Paris, to explain his motives and promise he wouldn't cut European jobs. Governments have limited formal means to stop the Arcelor deal, as 85% of the company is traded freely on the stock market. Nonetheless, they and labor unions can make life hard for Mittal, who still needs...
...almost any measure--academic prizes, patents granted to U.S. companies, the trade deficit in high-technology products--we're losing ground while countries like China, South Korea and India are catching up fast. Unless things change, they will overtake us, and the breathtaking burst of discovery that has been driving our economy for the past half-century will be over. In his 2005 best seller, The World Is Flat, Thomas Friedman argues that globalization has collapsed the old hierarchy of economic engine-nations into a world where the ambitious everywhere can compete across borders against one another, and he identifies...
...Chicago. But marijuana smugglers bring in their crop grown in the nearby Chihuahua desert. West said his men confiscated 300,000 pounds last year and "that was just what we caught." "It used to be cat-and-mouse," West said, and the only weapon most smugglers had "were two fast feet." Now, they are armed with high-powered weapons and, West believes, are getting protection from Mexican Army units who camp in the desert just across the border...
...Administration's main stated argument against the FISA court process is that obtaining warrants beforehand is simply too time-consuming in today's fast-paced world. But if speed were the only issue, there are some relatively easy fixes. The legal standard Justice Department lawyers must meet to obtain a FISA wiretap warrant could be lowered from the current threshold that there's "probable cause" to believe a crime has been committed or about to be committed. The paperwork required with a FISA warrant application could be trimmed. In emergencies, FISA now allows the attorney general to approve a wiretap...