Word: steel
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...powered by coffee and doughnuts, men revving heavy equipment to heavy-metal sound tracks. But they're also a kind of riposte to the smirkiness and high-class problems of TV's upscale hits. You want an existential crisis? How about getting clocked across your freaking head with a steel oil-drill chain? And whereas big-network TV offers a fantasy of perfection, working-class TV offers a fantasy of authenticity. On NBC, an American Gladiator is a beefcake model in a unitard swinging his padded quarterstaff. (Read into "padded quarterstaff" whatever symbolism you like.) Cable's gladiators are paunchy...
...Pittsburgh, once the Steel City, has moved on, but not Senator Clinton. I felt I had heard all of this stuff before. Not just on CNN last week. Such derogatory comments about China's trade practices are now common in America's political and media discourse. No, I had heard these statements a long, long time ago. When I was a college student, in the late 1980s...
...Beers unveiled the most significant symbol of that transformation in March, when it hosted a dinner in Gaborone, in the atrium of what is now De Beer's main diamond-sorting, -valuing and -aggregating unit. The glass-and-steel construction will employ 500 Batswana and generate a further 2,500 ancillary jobs, particularly in 16 cutting and polishing factories set up around the new plant, and on its sorting benches, which will process a total of 34 million carats a year--22% of world output--or $6 billion in diamonds by 2009. "Our diamonds are for development," Botswana's then...
...Kentucky coal country, visiting the weathered porch where Lyndon Johnson announced the "War on Poverty" in 1964. There he was in Alabama's Black Belt, where people live without sewer systems, dancing as elderly quilters serenaded him with spirituals. And before the broken windows of a shuttered steel factory in Youngstown, Ohio, he said he felt America's economic pain. "People are hurting," he said. "These are difficult times...
China's central government recognized early on that an investment bubble was probably forming. In 2004, for both economic and environmental reasons, authorities in Beijing began pressuring provincial and local officials to curb spending on aluminum, steel and cement factories; state-owned banks were periodically told to stop lending for industrial projects. But local officials often ignored the stop signs. More factories meant more jobs and more growth, which made them look good in the eyes of their political superiors. Not only that, but local officials, who can seize land and issue permits for new projects, were often silent partners...