Word: waterous
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...westward shift of Pacific Ocean warming seen during an El Niño Modoki essentially shifts the Atlantic hurricanes westward as well. "It's as if you had a big aquarium with a Bunsen burner below it," he says. "The heat causes a rising and sinking motion in the water. If you shift the position of the burner, you shift the motion of the water too." The El Niño Modokis also result in reduced vertical wind shear and therefore promote the creation of hurricanes. (When vertical wind shear is too strong, it can tear storms apart before they...
...probably now find themselves. The boxes send out a homing signal, activated on impact, that lasts for 30 days. The time is pretty much up for Air France's beacons, but it's a good bet they'll turn up eventually; of the 20 airplanes that have crashed into water over the past 30 years, only one is known to have lost its black box forever. Even the South African Airlines Boeing 747 that went down between Taiwan and Johannesburg in 1987 had its voice and data recorders recovered from an ocean depth of 14,000 ft. And it took...
...true to an eclectic outlook that has, since the late 1960s, featured everyone from Deep Purple (whose ubiquitous Smoke on the Water recounts the Montreux Casino catching fire during a Frank Zappa concert in December 1971) to Johnny Cash, this year's program once again ranges across all moods and styles. Jazz master Herbie Hancock will play with Chinese classical piano sensation Lang Lang; studio legends Steely Dan are on a double bill with a quintessential live act, the Dave Matthews Band; and New York City bassist Bill Laswell, purveyor of "collision music," is bringing along Japanese turntablist DJ Krush...
...Such examples of excessive investor ardor for new Chinese stocks aren't hard to find. Shares of Chinese water-treatment-equipment supplier Duoyuan Global Water soared 37% on June 24, its first day of trading on the New York Stock Exchange. Back in Hong Kong, Chinese thenardite producer Lumena Resources (thenardite is a key ingredient in powder detergents, textiles, glass, chemical feedstock and pharmaceuticals) rang up 19% in gains on June 17. On June 22, the IPO of China Metal Recycling closed 22% higher. (See pictures of China's infrastructure boom...
...Such rich multiples are unjustified in a recession. Duoyuan is seen as a direct play on China's $585 billion stimulus-spending program, which is focused on infrastructure projects like water and sewer systems. But for the company to benefit (it manufactures equipment for wastewater circulation and filtration), government money must actually go to infrastructure building and not be wasted through inefficiencies and corruption. Bawang, which competes with P&G and Unilever, among other companies that make personal-care products, is supposed to ride China's rising personal consumption. That may be a dicey proposition in a country of thrifty...