Word: steele
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...South Korea. But China may be unusually vulnerable to weaker international demand because the country has in recent years built too many new factories. With investment capital readily available and China's economy roaring ahead at double-digit growth rates, heavy industry expanded massively. The value of China's steel exports, for example, jumped tenfold between 2003 and 2007, from $5 billion to $50 billion...
...China's central government recognized early on that an investment bubble was likely 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 local jobs and more growth, which made them look good in the eyes of their political superiors. Not only that, local officials, who can seize land and issue permits for new projects, were often silent partners...
...estimated 2 to 3 million is emerging as the bedrock of South Africa's new black middle class. Clapboard shanty towns are being replaced by neat rows of brick and tile bungalows. BMWs and Mercedes are a common sight. And last September saw the opening of a vast steel and glass mall. The choir's success reflects Soweto's new dawn. "Soweto is a place of change," says Bok, "and the choir walks hand in hand with Soweto...
...Your Water Bottle Safe? Here's what you need to know before you chug that H2O [This article contains a table. Please see hardcopy of magazine.] Single-Use PET Polycarbonate HDPE Stainless Steel What it's made of Polyethylene terephthalate, or PET, is a lightweight plastic used in many drink bottles This thermoplastic polymer is used in many products, including water containers High-density polyethylene is a softer, opaque plastic made from petroleum These bottles are made of durable and light stainless steel inside and out Potential problems PET degrades with use, and wrinkled surfaces can host germs...
...respond somehow to the provocation of a superheated art market. Even if gallery owners and collectors have gotten a little nervous lately, whistling past the twin graveyards of housing and stocks, money remains a force to be reckoned with. Month after month, deluxe aesthetic merchandise--the stainless-steel jewelry sculpture by Jeff Koons, those naughty-nurse paintings by Richard Prince--keeps rolling out of auction houses like so many hood ornaments...