Word: rusting
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...breakaway and shorthanded score for PEI’s Craig Foster that brought the margin back to one goal at 4-3. “We all made mistakes out there today,” Taylor said of the miscue. “[We were] shaking the rust off, and it didn’t matter if you were a freshman or a senior.” A series of penalties in the third period resulted in each team enjoying well over a minute of 5-on-3 play, but neither was able to capitalize. Harvard managed to pull away...
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...
...application process, however, is highly technical and creating a very hot niche. One company turning rust into gold is Matcor, a corrosion-engineering firm in Doylestown, Pa. Specializing in cathodic protection, Matcor posted revenues of about $10 million in 2006 and annual growth from 25% to 30% over the past five years. U.S. government regulations with strict compliance measures require all newly laid oil and natural gas pipelines to have cathodic protection, says William Schutt, Matcor's president. But even more significant, he says, is the country's aging infrastructure--many pipelines were installed with more primitive cathodic protection...
...degree program. Luis Proenza, president of the university, says the program's first students could be admitted as early as fall 2009. The demand is coming from both sides--the pipeline owners and operators, and the corrosion-prevention-service companies. "This market is going to grow exponentially," Proenza says. Rust, you have been warned...
...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...