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...years," says Jacques de Balasy, who ran the Morgan Stanley Dean Witter banking team that advised Arbed. "These men have known each other for a long time, and there is a lot of trust built up." All three companies have managed to make money in difficult times by keeping raw material costs down and focusing on the kinds of high-grade finished products that the auto and appliance industries prefer. Kinsch and Mer will act as co-chairmen...

Author: /time Magazine | Title: Heavy Metal Merger | 3/5/2001 | See Source »

...Dupont thinks the steel industry is already more consolidated than the numbers indicate. "In financial circles they tend to toss up tonnage and look at what's left over and call that overcapacity," he says. "The amount of raw steel isn't really relevant to this discussion." The bulk of profits in the steel industry-when those profits materialize-isn't in the molten goo that comes out of furnaces. It's in the finishing process-when the goo is turned into billets (two tons that can be formed into beams or cables) or slabs (up to 50 tons that...

Author: /time Magazine | Title: Heavy Metal Merger | 3/5/2001 | See Source »

That being said, most of us recognize that the Quadlings got a raw deal. In general, we welcome you all; the principle provocation of grumblings about the gong are the tables full of Lowell- and Quincy-ites with nary an Adamsian in their midst. We were happy to adopt the PfoHo-ers last year, and I daresay we'd do it again if you asked nicely and/or kicked our butts in football again. Perhaps we should resurrect a suggestion made last year that Adams adopt PfoHo, Lowell adopt Cabot and Quincy adopt Currier, or some arrangement like that...

Author: NO WRITER ATTRIBUTED | Title: Letters | 3/5/2001 | See Source »

...Week 6 needed the drama. For 40 minutes, with "Survivor" watchers having tuned in for blood, the most savage thing we saw was Jerri's sex drive, not so neatly sublimated into a raw and anguished craving for chocolate. Chocolate in bars, chocolate in mint-filled patties, chocolate poured over "some hot guy's bod" in a very vocal fantasy that would have been titillating were it not for the sight of Jerri's lupine countenance. (Colby's response: "I may be a lot of things, but I ain't no Hershey bar.") Before our eyes, Queen Jerri turned into...

Author: /time Magazine | Title: Ouch! Mike — No Shrimp He — Falls on the Barbie | 3/1/2001 | See Source »

...Catty People turned all gooey at the sight of Mike and his Promethean paws. Elisabeth wept, Jeff was about to puke like a rookie cop at a crime scene, and even Alicia managed to look concerned at her rival for head alpha male. Maybe it was the raw tragedy of it all, maybe it was the sight of Mike screaming for drugs like a woman in labor. ("Shots - drugs - pain - I can take it - I'll take whatever you give me!") Maybe it was just that they'd gotten really excited about the prospect of heading into the Week...

Author: /time Magazine | Title: Ouch! Mike — No Shrimp He — Falls on the Barbie | 3/1/2001 | See Source »

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