Word: metalized
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...asset that has no income return and actually costs you money to own and store. I sort of agree with what [Warren] Buffett said, about how he never understood why they send a bunch of men 5,000 feet under the ground in Africa to bring out this metal, and then they ship it all across the world and it's buried 1,000 feet underground at the Bank of England and the U.S. Treasury. There is something illogical about...
Using shards of shattered glass and metal scraps as weapons, inmates at an overcrowded California prison went on an 11-hour rampage on Aug. 8, leaving some 250 people injured and a prison dormitory burned to the ground. Officials believe the riot at the California Institution for Men - the state's worst since 2006 - was fueled by racial tensions among black and Hispanic inmates. The violence came as California's prison system is adapting to a 2005 Supreme Court ruling that makes it more difficult for facilities to automatically segregate new prisoners by race, as the state had done...
...with guns. But the Basij have responded to the increasing fearlessness of the protesters - many no longer run away from tear gas, and according to one witness, some have kicked the canisters back at the riot police. Now the Basij go at the demonstrators with chains, whips, Tasers and metal pipes. One protester said she has seen them use paintball guns to tag protest leaders for later arrest. At a recent press conference, the prosecutor general of the ongoing mass trials said that on average 100 people - many assumed to be protesters - have been arrested per day since June...
...Postcard: Bristol Bay," Bryan Walsh points out that if the Pebble Mine is built, it will produce billions in precious-metal wealth and create needed jobs [July 27]. But at what cost? Experts say it will foul the air and water and hurt salmon runs, among other atrocities. And the benefits will be exhausted within 50 years. I'm all for a sustainable resource like fish, which will bring jobs and provide profits for many more years to come. Also, there's great potential to earn cash through things like solar cells, especially in the land of the midnight...
...plan is meant to help scrap dealers too. They get the old cars for free, the idea being that they can then earn money by selling the scrap metal to steel companies. But with scrap prices taking a dive, some dealers are eying the bigger profits that come from selling the cars abroad. "The problem is that there is no supervision of the companies to ensure that they actually scrap the cars," says Frank Wolff, director of the environmental-crime division of the Hamburg police. "These firms are supposed to turn the cars into scrap, but instead, some are selling...