Word: steeled
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...players like Jack Nicklaus, Lee Trevino, Tom Kite and Fuzzy Zoeller, to name a few, have at one time or another each been sidelined with career-threatening back injuries. Today even younger players like Fred Couples, Peter Jacobsen and Tiger Woods have closeted that backbreaking motion, along with their steel-shafted drivers, in favor of the gentle power of graphite and a more balanced, upright, back-friendly swing...
DIED. CECILIA DANIELI, 56, developer of compact steel mills, or mini-mills, that revolutionized the steel industry; of cancer; in Aviano, Italy. The so-called Iron Lady turned the Danieli Group into a hugely profitable international company...
...reason is a careful strategy of making acquisitions that expand NCI geographically and also fit into an integrated structure that makes NCI the lowest-cost producer in its industry. Sheer size helps: the company has become one of the 10 biggest U.S. buyers of steel, enabling it to wangle discounts unavailable to competitors. It also saves on transportation costs by locating--or buying--plants close to steel mills. NCI builds its own automatic welding equipment, specially designed to weld mainframes of buildings together. Five years ago, it began buying painting plants, and it is the only company in the industry...
...Bill Clinton having an attack of high moral fiber? "I've never seen the administration fighting so hard as they are on this," said Sen. Jay Rockefeller, D-W.Va., before he watched his steel-import quota bill come up three votes short on a procedural vote that would have boosted its chance of passing. Clinton the economist is fighting the quotas ?- meant to protect U.S. steelmakers from lower-priced foreign steel ?- on compelling grounds: They would almost certainly be a violation of current U.S. trade treaties. And at a time when Clinton pounds the world?s podiums calling for globalization...
...Clinton the politician (a far more familiar incarnation) is letting Commerce Secretary Bill Daley do the haranguing, and why he's trying to kill the bill without a well-publicized veto: Al Gore. "Clinton has to be careful about this," says TIME senior economics reporter Bernard Baumohl. "The steel unions are very powerful, and they really want these quotas. Gore ?- and Hillary too ?- is counting on union support to win, and Clinton?s opposition is going to make them angry." It already has. The United Steelworkers of America arranged to have steelworkers descend on the Capitol today for a rally...