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...foolish to rely on first responders to save his employees. His company was the largest tenant in the Trade Center, a village nestled in the clouds. Morgan Stanley's employees would need to take care of one another. He ordered them not to listen to any instructions from the Port Authority in a real emergency. In his eyes, it had lost all legitimacy after it failed to respond to his 1990 warnings. And so Rescorla started running the entire company through his own frequent, surprise fire drills. He trained employees to meet in the hallway between the stairwells...

Author: /time Magazine | Title: A Survival Guide to Catastrophe | 5/29/2008 | See Source »

...morning of 9/11, Rescorla heard an explosion and saw Tower 1 burning from his office window. A Port Authority official came over the P.A. system and urged people to stay at their desks. But Rescorla grabbed his bullhorn, walkie-talkie and cell phone and began systematically ordering Morgan Stanley employees to get out. They performed beautifully...

Author: /time Magazine | Title: A Survival Guide to Catastrophe | 5/29/2008 | See Source »

...giant ships from Asia steam into the Southern California ports of Los Angeles and Long Beach laden with flat-screen TVs, flip-flops, copying machines, nail clippers, Thomas the Tank Engines and all the other necessities of modern life. They leave port a few days later loaded mainly with empty containers...

Author: /time Magazine | Title: Will Exporting Ports Fix U.S. Trade Deficit? | 5/29/2008 | See Source »

...there is another port, across the continent from L.A., where things look a lot different. Stand on River Street in the old Georgia city of Savannah, and the big ships you see squeezing out to sea through the narrow river channel actually float lower than the ones coming in. They're full of exports...

Author: /time Magazine | Title: Will Exporting Ports Fix U.S. Trade Deficit? | 5/29/2008 | See Source »

...cargo of these outbound ships tends to be on the less-than-glamorous side. The Savannah port's top export by volume is wood pulp. Other biggies include paper and paperboard, "drilling mud," kaolin clay, fabric and frozen chicken parts--in particular, chicken feet, beloved by Chinese gourmets. "We're sending raw materials to foreign countries, and in return, generally speaking, we're receiving finished goods," says John Trent, director of operations for the Georgia Ports Authority, which runs the Savannah port and a smaller operation in Brunswick that specializes in cars and bulk materials. What goes out weighs more...

Author: /time Magazine | Title: Will Exporting Ports Fix U.S. Trade Deficit? | 5/29/2008 | See Source »

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