Word: goldings
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Dates: during 2000-2009
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...spending their own money rather than their employer's. The idea is a nonstarter, however, because organized labor has negotiated excellent health benefits for its members over the years and doesn't want to see them curbed. The unions are opposed to the next-best idea - a tax on gold-plated health-care plans, which would raise an estimated $28.7 billion per year - for similar reasons. It seems likely that union lobbyists will get that tax reduced, if not eliminated, in the next month's sausagemaking. And then what? Barack Obama's fate depends on the Democratic Party's willingness...
...Guinean government says it has signed a $7 billion agreement with a Chinese mining company, just one month after a massacre of protesters by government troops drew international condemnation. The unnamed firm will dig for diamonds, gold and bauxite and provide Guinea with much-needed revenue as it faces the prospect of economic isolation. The deal--which could give Guinea's $23 billion GDP a massive boost--puts China in direct competition with U.S. and Russian mining companies. China's trade interests in Africa have increased tenfold since...
...California has long inspired its own premature obituaries. The 1855 book The Land of Gold dismissed it as "lawless, penniless and powerless." TIME published a woe-is-California issue called "The Endangered Dream" in 1991 after the aerospace industry collapsed. But even with 12% unemployment, California still has an enviably young and productive workforce. And it's still a magnet for dice-rolling dreamers who want to start anew, make money and change the world, with or without pants. "I see my own pattern repeated again and again - people who want to invent the future and aren't afraid...
...Which just happens to be the next California gold rush...
...Gold Rush Tom Dinwoodie is standing on a roof, staring at the future. The roof covers Richmond's grand "daylight factory" overlooking San Francisco Bay, where Ford built Model A's before World War II and then the iconic Rosie the Riveter built jeeps and tanks during the war. Now SunPower Corp. uses it to assemble the world's most efficient solar panels, including a sleek array on its roof. That's where Dinwoodie, SunPower's chief technology officer, likes to go to look across the bay at a collection of hulking tanks in which Chevron stores fossil fuels...