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...last decade, much of the West's steel industry has been in the doldrums. Sinking prices and flat demand, rising costs and competition from Asia turned steel belts into rust belts as once-mighty American titans like LTV and Bethlehem Steel went belly up. Many of Europe's former communist bloc governments determinedly sold off their dilapidated, money-losing steel mills. Workers around the globe were bounced out of the devilishly cyclical industry in droves. Even bosses were shying away: in 1998, Michael Frenzel, then chairman of German industrial concern Preussag, became so fed up with the smokestack rollercoaster that...

Author: /time Magazine | Title: Steel's New Spring | 10/31/2004 | See Source »

...industry is gleaming today. Prices are running at 20-year highs, driven by strong demand from a booming China, which is expected to grab up to one-third of steel produced this year for infrastructure and other projects. Last year, estimated global crude steel consumption reached 976,000 metric tons, up 6% from the previous year and 15% from three years earlier. Last month, the $4.02 billion Anglo-Dutch steel producer Corus recorded its first half-yearly profits since its formation five years ago. "We're keeping our feet on the ground," said chief executive Philippe Varin. But "we expect...

Author: /time Magazine | Title: Steel's New Spring | 10/31/2004 | See Source »

...fully-functional hookah bar is certainly a unique experience in Boston, where a smoking ban has been in effect since the spring of 2003. Now that Mantra’s hookah bar is out of the competition (although the hyper-modern chrome and steel restaurant itself continues to thrive), Tangierino’s is the only establishment of its sort. Be sure to arrive early, because by around 10 p.m., all the seats in the cramped, low-lit lounge will be filled. Scantily-clad waitresses continually rush through the densely packed area delivering drinks, pipes and the occasional expert demonstration...

Author: By Diana E. Garvin, CRIMSON STAFF WRITER | Title: Smoking Ban? What Smoking Ban? | 10/21/2004 | See Source »

...fully-functional hookah bar is certainly a unique experience in Boston, where a smoking ban has been in effect since the spring of 2003. Now that Mantra’s hookah bar is out of the competition (although the hyper-modern chrome and steel restaurant itself continues to thrive), Tangierino’s is the only establishment of its sort. Be sure to arrive early, because by around 10 p.m., all the seats in the cramped, low-lit lounge will be filled. Scantily-clad waitresses continually rush through the densely packed area delivering drinks, pipes and the occasional expert demonstration...

Author: By Diana E. Garvin, CRIMSON STAFF WRITER | Title: Smoking Ban...What Smoking Ban? | 10/20/2004 | See Source »

...rapidly." She suggests you set an aggressive but reasonable target based on your research, typically several hundred dollars over the invoice price. GET READY TO GO FOUR ROUNDS. Experts who teach negotiation say you should be prepared to go four rounds (four back-and-forths) when negotiating for anything. Steel yourself with the knowledge that collaborative negotiating--asking, "Can we find a way that this can work for both of us?"--can be a very effective tactic. It's also one that women tend to be better at than...

Author: /time Magazine | Title: Money: Wheels and Deals | 10/18/2004 | See Source »

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