Word: trask
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InnoCentive was looking to expand beyond industrial research into philanthropy; Bent needed a better light for the developing world. With funding from the Rockefeller Foundation and the New York venture capital firm Spencer Trask - launched over a century ago by the man who helped finance Thomas Edison's first light bulb - Bent put up a challenge on InnoCentive's network to improve on his BOGO light. It was answered in short order by a engineer in New Zealand named Russell McMahon, who came up with a new design that makes better use of both the solar battery and the LEDs...
...have an energy crisis; we have an imagination crisis." Solving global warming will require changes in the way we live and use energy, but even more vital are technological leaps in clean technology that must be every bit as revolutionary as Edison's incandescent bulb. Spencer Trask and the Rockefeller Foundation have inundated InnoCentive with an array of challenges in clean tech - including a call for a new kind of electricity-free light bulb that would make Edison's invention obsolete. "We want the kind of challenges that will make a difference in the world," says Spradlin...
Sources: The Rough Riders and An Autobiography, by Theodore Roosevelt; The War with Spain in 1898, by David F. Trask; San Juan Hill 1898, by Angus Konstam; The Spanish-American War, An American Epic, 1898, by G.J.A. O'Toole; The Spanish-American War, by Edward F. Dolan...
...proliferated: Luxembourg-based Arcelor, currently the world's largest steel producer, was formed in 2002 through the merger of steel companies in Luxembourg, Spain and France. Corus emerged from the 1999 union of British Steel and Dutch firm Hoogovens. In order for steelmakers to wield sufficient clout, notes Tommy Trask, an analyst at Standard & Poor's, steel "needs to be as consolidated as the iron-ore suppliers or the end customers." Both Mittal and Wilbur Ross, the former investment banker and distressed investment specialist who helped create ISG, envisage a future where steel is dominated by as few as half...
...emerge. Dropping prices could make it harder for Mittal to service its estimated debt of $3.2 billion. At the moment, China is devouring raw material, which may cause a nasty glut when the steel pendulum starts to swing back the other way. And, notes Standard & Poor's Trask, "the new steelmaking capacity in China will eventually catch up with the growth in that region." China's steel output reached 192 million tons through September of this year, up more than 20% from 2003. In the long term, that could mean even more Western overcapacity in the lean years - exactly...