Word: metallism
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...matter what congress or President Obama does, there is one aspect of the industry that is beyond rescue. The Detroit of the American Dream, the Benevolent Manufacturing State - the big-metal, Big Labor, big-brother, bigger-than-its-britches Detroit - is deader than Studebaker...
...overall, if you build the cars you can make rather than the cars the public truly desires, you have to price them that way and use rebates to move the metal off the lots. "They are building cars that they don't want to build. They have to build them because they have a fixed cost structure to amortize," says Nick Gidwani, a former auto-industry investment banker with Sankaty Advisors and now head of the startup auto-sales website CarZen. Particularly after the post-9/11 sales slump, Detroit got addicted to this strategy and used it to move...
...rain fell so heavily that the balloon portion of the parade was cancelled. Sonic the Hedgehog broke an off-duty policeman's shoulder in 1993, but the worst accident came in 1997, when 43-mph winds blew The Cat in the Hat into a lamppost, causing the metal arm to fall off and hit 33-year-old Kathleen Caronna on the head. Caronna spent nearly a month in a coma, then sued Macy's and the city for $395 million. (The parties reached an undisclosed settlement in 2001.) Nine years later, in a strange twist of "only in New York...
...closer inspection reveals that his walls are covered with depictions of Vincent Van Gogh and Gustav Klimt trees, and next to his metal filing cabinet stands one made out of oak wood. The office, it turns out, also overlooks the trees surrounding the Harvard University Herbaria, home to more than five million plant specimens...
Some states, like Florida and New Jersey, have passed new tough laws making cell-phone-smuggling a felony. They are also using cell-phone-sniffing dogs to hunt down the contraband and assigning guards to do metal-detecting wand searches for hidden phones. But Gelinas said South Carolina's prison system is "short-funded" and cannot afford to divert manpower to searches. "It makes much more sense to use the cell-phone jamming technology that's available," Gelinas says. The problem for state and local prison administrators is that jamming cell-phone signals is illegal and available only to federal...