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...preserve is one of the nation's last pristine animal ranges. The opposition: developers who seek the vast energy riches believed to lie beneath the refuge's 1.5 million-acre coastal plain. These reserves may hold as much as 5 billion to 30 billion bbl. of oil and 64.5 trillion cu. ft. of natural...
...companion that gases are torn wholesale from the white dwarf's surface and pulled into orbit around the neutron star, forming a so-called accretion disk. Some of that material continuously spirals down to smash into the surface of the neutron star -- at a rate of a trillion tons a second -- striking so violently that it literally explodes. Says Co-Discoverer William Priedhorsky of Los Alamos National Laboratory: "A neutron star can convert about 10% of the mass that falls on it into radiation. If you toss on a marshmallow, you get out the energy of a Hiroshima bomb...
...spreading at the core of America's investment community, touching some of the biggest moneymen in the country. A civil and criminal investigation was peeling back layer after layer of evidence in a bid to uncover the full pattern of illegalities that had come to light in the $2.5 trillion U.S. stock market. There was even that ultimate Watergate touch: the disclosure that for weeks, perhaps months, conversations had been secretly tape-recorded in an effort to plumb the depths of the worst insider-trading scandal in U.S. history...
Canadians put money into the U.S. for many of the same reasons that other foreign investors are drawn to the dynamic $4 trillion American economy: high return on capital, low taxes and skilled labor. What is more, the targets in America are tantalizingly close across the 5,526-mile border. Although Canada is larger than the U.S., its economy is smaller than California's, and its population, at 25 million, is roughly the size of the Golden State's. Furthermore, 24% of the relatively small pool of Canadian assets is already owned by foreign investors. Americans alone...
Another door has opened cautiously on the Tokyo Stock Exchange, where 1,492 Japanese equities worth an estimated $1.8 trillion are listed. Last January six foreign firms, including the U.S. investment houses of Merrill Lynch, Morgan Stanley and Goldman, Sachs, were invited to join the 83-member exchange. Now at the end of the trading day in Tokyo, giant Merrill Lynch routinely passes on an electronic "book" (accumulated position) of some 430 internationally traded stocks to its offices in London and then New York for further action...