Word: weakness
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...most of their production from a few dozen large, efficient mines, China has an estimated 2,000 mines scattered throughout the country. And because of their sketchy practices, the smaller operators are "a problem," says Zhang Yongtao, general secretary of the China Gold Association. "Their technological standards are weak, their management is insufficient and they don't make money...
...work is tough and dangerous. China's mines are the world's deadliest, and while most of the accidents occur in coal pits, the government says 2,188 died in gold and other metal mines last year. Such poor working conditions persist in China because workers' rights are weak and there are no independent unions...
...Whether it's tinkering with hydraulics, aerodynamics or something else, "The discipline you have to bring to the technical exercise is extreme," McLaren boss Ron Dennis has said. "One weak element and you're not going to win." For the investment over the years, people get to see cars that accelerate from zero to 160 km/h in 3.5 sec., and are so endowed with aerodynamic downforce that, in theory, you could drive one of these babies across the ceiling. Eventually, some of that technology filters down into the cars that the rest of us get around in: the steering wheel...
There's a flip side to this as well--the argument that Obama is dangerously weak among key Democratic and swing constituencies. The Clinton campaign has been raising questions about Obama's ability to win white blue-collar voters in states like Ohio and Pennsylvania and Hispanics in places like New Mexico and Colorado--all swing states that will most likely decide the election...
...considered small by the standards of the global automotive industry), it's not a great time to be buying two carmakers heavily reliant on the American market. As an apparent recession kicks in, sales of all luxury cars in the U.S. are starting to tumble. And the weak dollar doesn't help matters either. So look for Tata to try to open up emerging markets for Jaguar and Land Rover across Asia and Russia. "There's certainly room to do that," Wormald says. "But it will take an awful lot of time and money." Still, as gambles go, Tata...