Word: steam
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...When steam builds to a certain point in a pressure cooker an escape valve comes into play; without it you get an explosion. The same principle applies to people: work accumulates to the point where, if we don't want psycho-steam coming out of our ears, we'd better empty our minds of the office, the dreary commute, the house repairs, sliding stocks and grinding study. In short, vacate or die. Hence vacations, the escape valve now coming into play for millions across Europe: families piling into station wagons with the kids and the dog, teens squeezing onto trains...
...forced the cancelation of hundreds of trains, the French national railroad company SNCF lugged 28 engines and carriages onto the Champs Elysées for an exhibition that promised to "put the whole of Paris under the spell of rail." The exhibits ranged from a replica of an 1829 steam locomotive to the latest version of the high-speed tgv. There were even models of the very commuter trains hardest hit by the strike, so the crowds at the show could at least admire the handsome trains they couldn't take to work. No matter. "Even in the strikes, people...
Still, there's no denying that a sharp rise in rates would pose problems for the housing market, as would continued job cutting in an economy that is failing to pick up steam or, possibly, a deeper scandal at embattled mortgage firm Freddie Mac. Here are three ways to prepare for a bust...
...Steven Desanctis, director of small-cap research at Prudential Securities. Small-cap funds have seen inflows the past two months after outflows in March. So momentum is building, and we have not yet seen much of the typical boost from large companies' buying small ones as the recovery gathers steam. Desanctis likes retailers, tech, biotech and energy...
...Tuscan approach of looking deeper is now utilized elsewhere in the world during initial explorations, and will be applied when other shallow wells begin to dry up. Back at the drilling site, a team of geologists demonstrates the latest push to expand the search for new sources of steam. Borrowing from the most recent oil and gas drilling methods, the geologists study mineral composition and seismic activity to be better able to predict where the untapped wells are located. Still, searching underground is painstaking work. But though this one-hectare clearing in the Grosseto province has so far come...