Word: rust
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Dates: during 2000-2009
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Annoyed with that smidgen of rust in your car's wheel well? Then put yourself in the shoes of the nation's oil and natural gas pipeline operators, who monitor nearly 600,000 miles of high-pressure steel pipelines--every square inch susceptible to corrosion-induced failures, the kind that can lead to leaks or explosions. And very ugly ENVIRONMENTAL DISASTER headlines. Not everyone's complaining, though. The industry's nightmare has been a boon to companies that prevent and repair pipeline rust, typically through a process called cathodic protection...
...country where the number of people over 65 will nearly double from 35 million in 2000 to 69 million in 2030, the idea of a health-care trust fund may soon become a model for other companies, particularly those in other struggling Rust Belt industries with lots of retirees. "It's not a bottomless pit, which is what employers are afraid of," says Helen Darling, president of the National Business Group on Health, a health-care-policy group for FORTUNE 500 companies. That fear has pushed many companies out of providing retiree health benefits; only 33% of companies with more...
...downturn in sunny San Diego that poses the far bigger risk to the U.S. economy. Detroit, Cleveland and some smaller Rust Belt cities are experiencing a traditional bust, in which economic woes spread to housing. In San Diego, the housing decline seems to be a self-generated phenomenon, the product of too-high prices and too-crazy lending practices. Now the "housing market is dragging down the rest of the economy," says Alan Gin, an economist at the University of San Diego. The same is true in and around Los Angeles, San Francisco, Phoenix, Las Vegas, Miami, Washington, New York...
...uncover new sources of job creation rather than protect the old ones," says Morgan Stanley's chief economist, Stephen Roach. "That's precisely what worked when farmers were displaced by the Industrial Revolution, when sweatshop workers lost their jobs to automated assembly lines, and when the U.S. Rust Bowl was hollowed out in the early 1980s." Former U.S. Treasury Secretary Robert Rubin agrees, but when he talks about the economic challenges facing the U.S., his tone takes on an edge of frustration. Rubin isn't really worried about the rise of India and China. He's worried about...
...what coach Dave Fish ’72 often characterized as a case of post-finals period rust, the Crimson opened the spring season with a three-game losing streak that seemed to herald a repeat of last year’s dismal outcome...