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...workers were recalled at their old hourly rate. If they meet specific production targets, they get a bonus every two weeks. The system is working: ISG is now among the world's most efficient manufacturers of flat rolled steel for cars and appliances, producing it for about $348 a ton shipped--about 25% cheaper than French and Japanese steel. In the last six months of 2002, steelworkers at LTV collected average bonuses equal to seven weeks' pay. Now Ross is looking at union rules and wages in the tire and auto industries--both, in his view, due for a similar...
...eight-ton Victorian house rolled past Memorial Hall and traveled along closed-off city streets in a four-hour spectacle Saturday, attracting hundreds of onlookers and clearing the way for Harvard’s biggest new construction project...
...It’s actually a ton better,” Nowinski says. “Day in and day out I feel a hundred times better, partly because I’m fifty pounds lighter. It usually took 4 or 5 days to recover from a football game...
DIED. JOHN LATSIS, 92, last of the Greek shipping magnates from the postwar era, who, with a relatively low profile, spent much of his $5.4 billion on charitable works that included financing a Greek translation of the Koran and sending a 20,000-ton cruise ship to temporarily house 900 Greek earthquake victims; in Athens. Born in a fishing village, the onetime deckhand bought his first freighter in 1938, later expanding into an empire of ships, banks, oil refineries and construction companies...
...that older, less efficient cars get off the road sooner. To do this with some measure of public support, the government would have to provide incentives for consumers to buy cleaner cars and retire older ones. To stimulate renewable energy, a carbon tax of as little as $4 a ton would be enough to turn the tide of energy investment. Other measures—including investment in public transportation, research into alternative fuels and the like—also deserve attention, but are either much longer term or have uncertain results. Immediate changes in the vehicle fleet and power generation...