Word: steels
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...Sure, we could watch the World Cup, get rid of our steel tariffs, sign the Kyoto treaty and build a coalition before invading Iraq, but all that sounds like a lot of effort. We have enough trouble persuading our states to get along without involving the rest of the world in our activities. When we trumpeted globalization, we were pretty clear that we meant other countries acting like us, not vice versa...
...Back at the barn, though, Baffert is getting a whiff of some sour oats from other trainers. The notion is that he "bought" the Derby for nearly $1 million, using his Middle Eastern ATM to pry War Emblem loose from a struggling Chicago businessman, since Reineman's company, Crown Steel Sales, was losing money. This, in a sport in which multimillion prices are routinely paid for animals in the hopes of winning big races. "There's been a lot of horses bought at the 11th hour that people don't talk about," says Baffert. Usually because they...
Venture capitalists are investing heavily in nanotechnology, which promises industrial advancements, such as nanoscale powders that strengthen steel and materials that allow for smaller chips. Samsung is using carbon nanotubes, fibers just 2 nm wide, to develop high-resolution TV screens; dozens of newcomers will use them to build everything from next-generation transistors to stronger outdoor lights...
...that the U.S. economy is struggling hard because of the strong dollar," says Harmen Lehment, a currency analyst at the Kiel Institute of World Economics. "The strong dollar is not in the interest of U.S. policy." That in part explains why the U.S. government has slapped tariffs on imported steel and offered a package of new subsidies to American farmers. In Europe, a strong euro has the potential for both good and ill. On the one hand, exports might suffer; on the other, a strong euro will make it easier for the European Central Bank to meet its goal...
...College decreased emphasis on athletic programs. Intramural games between Houses grew in popularity. But to cut expenses, the high maintenance steel stands that had transformed Harvard Stadium from a horseshoe to an oval were torn down over the protests of the football coach...