Word: ores
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Dates: during 2000-2009
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...merger of steel companies in Luxembourg, Spain and France. Corus emerged from the 1999 union of British Steel and Dutch firm Hoogovens. In order for steelmakers to wield sufficient clout, notes Tommy Trask, an analyst at Standard & Poor's, steel "needs to be as consolidated as the iron-ore suppliers or the end customers." Both Mittal and Wilbur Ross, the former investment banker and distressed investment specialist who helped create ISG, envisage a future where steel is dominated by as few as half a dozen multinational companies. "Because of the scale of the transaction," Ross told Time, "it will accelerate...
...frantic warning was radioed at precisely 8:31 a.m. on that fateful Sunday by Volcano Expert David Johnson, 30, who had climbed to a monitoring site five miles from Washington State's Mount St. Helens in the snow-capped Cascade Range, 40 miles northeast of Portland, Ore. He wanted to peer through binoculars at an ominous bulge building up below the crater, which had been rumbling and steaming for eight weeks, and report his observations to the U.S. Geological Survey. Seconds after his shouted message, a stupendous explosion of trapped gases, generating about 500 times the force of the atomic...
MICHAEL THOMAS Salem, Ore...
While the typical lease runs almost four years, the new-car itch hits the average driver every three, notes Art Spinella, president of CNW Marketing Research in Bandon, Ore. As many as 30% of the 17 million drivers holding leases in the U.S. say they would opt out if they could afford...
Meanwhile, new companies are striving to take the comfort-shoe niche a step further by using technologies borrowed from the athletics and aerospace industries. Oh! Shoes, based in Portland, Ore., has been launched in a few test markets this fall, and features a multiple-contour foot bed and a six-part shock-absorption system in the heel. Company founder and CEO Greg Van Gasse says the heel technology took 1 1/2 years to perfect and reduces shock more than 30%. The shoes' aesthetic, however, still needs a little work...