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...Remind grousing Brazil that they've been allotted a generous 52 percent of the 5.4-million-ton slab-steel quota. And if they want to be treated like exempted NAFTA members Mexico and Canada, well, the Free Trade Association of the Americas (FTAA) negotiations - a Western Hemisphere version of NAFTA - kick off in 2005, which just happens to be three years away. Remind the Russians that they've been allotted 25 percent of that same slab-steel quota, and that if they want to be treated even better, like special-exemption Turkey, they could always be more helpful...
Each shoe contained about 4 oz. of PETN (pentaerythritol tetranitrate), a powerful explosive produced by the ton for military and construction use. Some was mixed with a plasticizer to produce a substance that resembled putty. More was in short lengths of detonation cord, which looks like a clothes line and is used to cut heavy steel objects like girders. Packed around the PETN was a whitish powder that turned out to be homemade TATP, or triacetone triperoxide. If Reid had succeeded in lighting the fuses sticking out of his soles, the TATP would have blown instantly, setting off the less...
...years ago, Bill Sopko Sr. made the biggest gamble of his business career. With the economy booming, Sopko, the owner of an automotive-parts plant in Euclid, Ohio, invested $6 million in the latest gear to manufacture a critical brake component for heavy trucks. With a new 3,000-ton stamping press, he would reduce costs from $14 per unit to $9. Recouping his investment, he knew, could take as long as 10 years. But with plenty of orders in the pipeline, Sopko figured he had made a shrewd move. What he didn't calculate was getting caught...
...efficient are they? With its pioneering continuous-slab casting process, Steel Dynamics produces flat-rolled sheet coils for $50 to $100 less per ton than its integrated competitors. Last year output per employee was $1.1 million, vs. about $254,000 at Bethlehem. "A lot of high-tech companies don't have our revenues per employee," says Fred Warner, investor-relations manager at Steel Dynamics. And analysts say the minis' market share would probably rise even faster if imports were curtailed. "The minis will expand again with higher prices," says Robert Crandall, an economist at the Brookings Institution. "Over time they...
...Crimson (2-2, 1-1 Hay) did not play its best volleyball against Prince-ton, but are coming together as a team. The return of senior Justin Denham and freshman Will Reppun has energized Harvard going into its next match, a league contest against Springfield tomorrow...