Word: smokestacks
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Dates: during 1990-1999
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...east side is a plant that uses gypsum to make Sheetrock and that, thanks to Riverkeeper, has done a cleanup. Just beyond it rise Units 2 and 3 of the Indian Point Nuclear Power Plant. Two mosquelike domes flank a sky-high smokestack painted in red and white stripes. It looks like a lighthouse that has been converted into a festive nuclear missile. Beyond that, at Charles Point, lies a garbage-burning plant, which turns trash into energy...
This turnabout points up a broad trend in the market. Dare I say it? New-economy firms are out of favor. Since March 31, the smokestack-vintage Dow Jones industrial average has risen 1,000 points, while the tech-laden nasdaq has gone flatter than steel slab. In that period aluminum maker Alcoa rose a shiny 55% and joined heavy industrials such as 3M and Phelps-Dodge in posting heady gains. Tech wonders, including Cisco, Microsoft and Intel, floundered...
...Teledyne, Raytheon, Walter Kidde & Co. and US Industries. The movement would sputter to a halt in the '70s, its oxygen cut off by rising interest rates and a falling market. A surprisingly anticonglomerate Nixon Administration crimped the most aggressive expansions in the interest of protecting what Ling calls "the smokestack-industry crowd" of old-line executives. Ling was forced out of LTV in 1970 as part of an antitrust settlement. Bluhdorn died on a company jet in 1983. Geneen piloted ITT for nearly 20 years, acquiring more than 350 firms before retiring...
Richard V. Scali, executive officer of the Cambridge License Commission said in an interview that Harvard has been very cooperative with Huber since the issue was brought to their attention in 1996. They invested $100,000 in order to install a smokestack and filtering system...
...small satellites ought to have been elusive targets for incoming debris. Orbiting so close to Jupiter, however, they lay in the path of any projectiles drawn in by the planet's gravity. When a rock hits one of the moons, it releases dust that follows the moons like smokestack exhaust...