Word: edisonizing
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...most places, pop music may be an anthem of anarchy. But Cantopop is an island of musical serenity in the Kingdom of Nice. Here's how Edison Chen, one of the young rebels challenging the autocracy of amiability, describes it: "No sex. No drugs. Maybe a little rock 'n' roll." The ballads rise with a decorous lilt; even most of Cantopop's uptempo numbers could be sung (with English lyrics) in a Presbyterian church in Iowa. Most of the singers have good manners too. Perky, dreamy, neatly dressed, well behaved, they are the rock stars any mom would want...
...Local utility Con Edison, on behalf of its customers in New York City, declares an "Electrical Emergency." The Mayor's Office of Emergency Management urges city residents to reduce their electricity use. OEM asks that residents turn off non-essential appliances such as washers, dryers and lights and minimize the use of air conditioners, especially upon leaving home. New York and New Jersey state government offices shut down at 2 p.m. to help conserve energy. More than 7,000 customers in and around Flushing lose power due to Con Ed equipment failures...
...Battle for Montedison MONTEDISON: A Milan-based conglomerate (2000 revenue: $12 billion) with holdings in energy, agriculture, engineering, and chemicals. Among Montedison's key holdings is a majority stake in power producer Edison. MEDIOBANCA: Besides its position as Italy's largest merchant bank, Mediobanca also holds stakes in the giant insurer Generali and the media and fashion group HdP. Until Italenergia came along, its 15% ownership of Montedison made it the controlling shareholder. FIAT: Although best known as a carmaker, Fiat has subsidiaries in aviation, insurance, and publishing. It owns over 10% of HdP. It has teamed up with state...
...Most people don't view their residence as a capital asset, but that's exactly what it is," says Andrew Pincus, a tax lawyer at the accounting firm M.R. Weiser in Edison, N.J. He doesn't endorse frequent moves. But he advises anyone contemplating an addition to think about moving instead. One of his clients did just that and figures to save a bundle. The client paid about $400,000 for his first house, which roughly doubled in value. He wanted more space but liked his neighborhood and considered building a big addition. But he soon would have been amassing...
Such stopgaps are needed because the aging transmission lines that link U.S. regions make it difficult to move power swiftly to where it is needed. "If energy is the lifeblood [of the economy], transmission is the arteries and the veins," says Thomas Kuhn, president of the Edison Electric Institute, which represents major power companies. But "congestion on the system has increased a tremendous amount," Kuhn notes, because the U.S. hasn't expanded its 2,000-mile grid of high-voltage lines in more than a decade...