Word: hand
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...their view, Cheney was something like an unseen hand at the tiller, exerting a steady nudge on Bush's instincts. It wasn't absolute, nor did it come into play on every issue. But across a wide spectrum, Cheney's voice was often the last one Bush heard on hard decisions - and as a result, the one that mattered most. Cheney exerted his influence on the selection of key members of Bush's Cabinet (Pentagon boss Rumsfeld and Treasury Secretary Paul O'Neill). He moved early in the Bush transition eight years ago to put his own people...
...dangerous than a similar emergency landing on land. In a water landing, an aircraft's aluminum skin can bend and dent on impact, providing less protection for passengers. Crashing on a runway often crushes a plane's belly and undercarriage, which absorbs some of the blow. On the other hand, some emergency water landings (both uncontrolled and controlled) have had relatively minor fatalities. This TIME story from 1956 recounts the emergency landing of a Pan American non-jet plane in the Pacific Ocean, when all passengers and crew members made it out alive. In general, airplanes are designed to "float...
...with NOTRAG to fight the project, which they view as a slap in the face from a government that has promised to reduce overall carbon emissions by 80% by 2050 and pledged to invest in eco-friendly projects that promote electric cars and wind power. "On the one hand we lead the world with the pioneering legislation," says Leo Murray of the anti-expansion group Plane Stupid. "But in the very same breath we've just implemented a policy which will make it impossible for us to meet the target." Earlier this week, Greenpeace purchased a plot of land half...
...fair, it's hard to write music about the economy. No one has ever come out with a great "Invisible Hand" anthem or a theme song about price elasticity and wage rates. But that doesn't stop Young from trying; parts of his 2008 world-tour concerts were peppered with angry rants about the financial collapse. In November he even released his own plan for saving the U.S. auto industry. Young aimed to tackle "the issue of global warming from our automobiles while enhancing our national security and keeping Detroit working." Wow, did the Woodstock generation get boring, or what...
...Japanese businesses and financial institutions, however, are in a good position relative to their foreign counterparts. Japanese companies have ample cash on hand at a time when cash and liquidity matter most. As mergers-and-acquisitions activity increases abroad, the appreciation of the yen (currently 90 to the dollar) can actually work in favor of Japanese businesses, making acquisitions more affordable as the market caps of their competitors decline. And banks, even with some financial constraints, are seeing lending increase, with growth of 3.7% in December from a year earlier. Positive news, to be sure, but not quite the stuff...