Word: scrap
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Dates: during 2000-2009
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...Germany. And this week, the police charged with patrolling the harbor released evidence showing that Germany's hugely popular cash-for-clunkers program may have some unintended beneficiaries: organized-crime groups and individuals who export the old cars to the Third World instead of crushing them into scrap. (Watch a video on how the cars-for-clunkers process works...
Read "Germany's Auto-Woes Fix: Scrap That Clunker...
...Once the engine is dead, a recycling lot can take possession of the car. From that time, it has 180 days to sell the pieces of the car that retain some value. Even though the engine's a lost cause, everything from the scrap metal to the hubcaps is available to buyers. When the resale period is up, any leftover parts must be destroyed, and the government is notified that the car is gone for good...
...Washington RIP, F-22? In a 58-40 split, the U.S. Senate voted July 21 to scrap orders for seven F-22 fighter jets from a $679.8 billion military-spending bill, ending a standoff between lawmakers who defended the $1.75 billion project (which does not include R&D costs) as a way to create as many as 25,000 jobs and those who derided the combat plane as a relic of the Cold War. President Barack Obama, who threatened to veto the entire bill if the F-22 plans weren't eliminated, hailed the decision as a major victory...
Striking a Balance Property owners big and small have been drooling over the development possibilities. For instance, the Georgelas Group is planning to scrap the car dealership and other low-rise buildings sitting on the 20 or so acres it owns in Tysons to create a mixed-use development near a soon-to-be-built train station. Aaron Georgelas, the group's managing partner, is happy to donate land to the street grid, since the county will allow him to build higher because of it. He also knows that tearing down revenue-generating buildings to put up new ones - even...