Word: milles
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...Salford in Britain. Under steel's curious economics, it is sometimes cheaper to keep a plant running unprofitably than to close it completely. In a total shutdown, the company must write off the entire value of the factory, make heavy outlays to dismissed workers, and pay to dismantle the mill and clean up the site...
...European Commission this year vowed no new subsidies without permanent production cutbacks. Spain won Commission permission to spend $3.3 billion to pay for consolidation and layoffs connected with a 2.3 million-ton-capacity cut at Ansio, provided that Madrid found private financing for a new 1 million-ton mill in the Basque town of Sestao, which the government had earlier planned to build itself. Just before last week's meeting, Commission officials approved a plan to sell Eisenhuttenstadt to Italian steelmaker Riva and save existing jobs, if Bonn scaled back its original $650 million subsidy proposal for upgrading. Because that...
...population is affluent by Chinese standards. In 1978 Li Xiaohua was a cook in a Beijing restaurant. Today he is a business tycoon who wears a diamond-studded Rolex watch and owns two Mercedes-Benz and a red Ferrari. Ten years ago, Chen Xiaohan was a steelworker in a mill near Beijing. Now he manages a state-owned import-export company and drives around in a Cadillac with a mobile phone. Wang Guoqing quit his job at the Bank of China in Xian three years ago and is now a multimillionaire retailer, restaurateur and real estate developer who wears Pierre...
...only a few feet short of the mother lode. Underneath Henderson, recent exploration has shown, are ore deposits said to be worth $1 billion. It is here that Noranda's subsidiary Crown Butte is pushing hard to start up a large 24-hour- a-day gold mine and processing mill. Workings would be underground and no cyanide would be used, but Yellowstone Park's director of resource management, Stu Coleman, has said that from an environmental point of view, Henderson Mountain is "probably the worst possible place in the U.S. for a gold mine...
Well, kind of. Instead of your average run-of-the-mill practice session, Monday afternoon brought with it a special scrimmage: forwards on defense, blue-liners up front, sophomore goalies Tripp Tracy and Aaron Israel skating and senior defenders Lou Body and Sean McCann mugging it up in goal...