Word: motors
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...Once the rehearsal for the second act gets started, there is terrific noise on one side of the backdrop and tremendous physical energy on the other. It is like a motor car out of control and very hard to bring to a stop, so I have to use a whistle...
...first time last month, and the fast pace is expected to continue this year. Among the firms making initial offerings last week were DNA Plant Technology, a New Jersey agricultural genetics firm; Sporto, a Boston manufacturer of women's foot wear; and Thor Industries, an Ohio maker of motor homes and trailers. Some of the largest firms going public are savings and loan associations, which are trying to raise capital after several years of disastrous losses. But the most intriguing companies for Wall Street are ones that have names beginning with "bio" or ending...
...chartered plane from the Ivory Coast. "Over Lagos," says Wilde, "the harmattan, a dust-laden wind blowing from the Sahara, had reduced visibility to 500 yds. On our first try at landing, one wing nearly scraped the runway; we began to stall. But our nerveless Ivorian pilot gunned the motor, and the plane lifted, shuddering. We made it on the second pass and emerged, wobbly with fear...
...major problem was not exhaust from motor vehicles but a new and growing source of pollution: the acrid, stinging smoke from wood-stove fires. Ever since the mid-1970s, when the Arab oil embargo sent fuel prices skyrocketing, the people of Missoula and many other American communities have been seeking out alternative sources of heat, including wood stoves. In the past decade, wood burning has more than doubled across the country. The Department of Energy estimates that more than 20% of all households now burn wood for some or all of their heat. In Vermont, more heating is done with...
Some of Kirby's decisions have paid off spectacularly. Over a period of three years beginning in 1979, Capital Guardian bought 10 million shares of Ford Motor, even though the price of the stock was diving from the 40s to a low of 16. Says Kirby: "We took a lot of flak from clients for buying a stock that was headed south." But when Ford bounced back to the low 60s last year, Capital Guardian earned a $300 million windfall. Sometimes it takes as much nerve to "argue with the market," observes Kirby, as it does to climb behind...