Word: mammoths
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...world's most powerful accelerator, known as Tevatron, uses more than 1,000 superconducting magnets cooled with liquid helium at a cost of $5 million a year. But the efficiency of the magnets saves Fermilab an estimated $185 million annually in electric energy costs. The superconducting super collider, a mammoth accelerator 52 miles in circumference, endorsed last month by President Reagan for completion in the 1990s at a projected cost of between $4 billion and $6 billion, will use 10,000 superconducting magnets and save nearly $600 million annually...
...movement to establish a tradition of dissent. They will help to open the board to public eye, and play a role in revitalizing and broadening its powers to include regular review of financial policies. This year's election should not repeat past popularity contests but instead begin the mammoth task of democratizing and scrutinizing the administration of Harvard...
...around the world last week, the mood in money markets was akin to panic. The dollar dropped to a six- year low against the West German mark and fell precipitously against the Japanese yen. Behind the sell- off loomed the mammoth U. S. trade deficit. -- An important study argues that U. S. export controls on high technology do not work properly and hurt American business...
...some industry experts seemed ready to believe a report in the Wall Street Journal last week that GM had conducted two months of unsuccessful negotiations with AT&T about the possible sale of all or part of EDS. Analysts thought the talks might have been related to GM's mammoth cost- cutting effort. In recent weeks, GM has announced plans to close ten factories, terminate 29,000 workers and reduce by half the planned output at its proposed ultra-computerized Saturn plant in Tennessee. Said Ann Knight, who follows the auto industry for PaineWebber: "If GM should really downsize itself...
...news just keeps coming. A leading shipbuilder announces that nearly 40% of its workers will be laid off, and those who keep their jobs will have to take 10% salary cuts and a 50% slash in their usual year-end bonuses. Thousands of steelworkers are idle, as mammoth steel furnaces stand silent. Coal mines are closing, and even some automobile assembly lines are shut down...