Word: flywheels
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Boris Johnson, London's charismatic, mop-haired mayor, takes issue with the notion of overdependence, saying that the city's economy has "a very, very wide base." But he tells TIME: "The strength of the financial sector is obviously pretty important in acting as a flywheel to spin those other wheels. And I'm going to be fighting very hard to make sure that we don't in any way gum up that machine...
...movies on culture and the relative lack of influence of the church, the brothers decided to return to what had been an adolescent hobby, playing with a video camera. In 2003, they asked their church for $20,000 to form a production company, Sherwood Pictures, and make a movie, Flywheel, about a dishonest used car salesman who sees the light. Flywheel got a local theatrical release and a pickup by Blockbuster Video, and went on to sell more than 200,000 DVDs. But it was Sherwood Pictures' second film, Facing the Giants, a 2006 parable of football and faith, that...
...China's imbalances are likely to get worse. This is largely because the country's spectacular economic boom is driven by a self-sustaining flywheel of rapid productivity gains and increasing profits, which generates excess capital that is in turn invested in more manufacturing capacity. This is why the country's trade surplus with the rest of the world has been rising at an alarming pace, growing nearly 50% to a record $262 billion last year (although the trade gap narrowed in the final three months of 2007). Because many Chinese companies are awash with cash, traditional policies aimed...
That playful look--dreamed up by DaimlerChrysler and the folks who brought you the Swatch watch--is part of a "visible technology" motif that tries to make a fashion statement out of one of the biggest changes to hit the auto industry since Henry Ford started making flywheel magnetos on a moving assembly line in 1913. The car industry, like the computer and consumer-electronics industries before it, is going modular, and the percentage of a car that is actually manufactured by traditional car companies is getting smaller and smaller as a result. More and more of the cars...
...knows why these cycles occur. According to Bill Gray, a hurricane expert from Colorado State University, one reason may be a phenomenon known as the "Atlantic conveyor." The subject of much recent research, the conveyor is a gigantic oceanic flywheel that transports cold water from the seas off Iceland and Greenland in a majestic, slow current along the bottom of the ocean to Antarctica, where it surfaces several decades later and flows back north, absorbing heat as it passes the equator. The conveyor seems to have kicked into a faster gear lately, bringing warm equatorial water north before...