Word: eighting
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...Gist: The Federal Reserve's latest survey of regional economic activity - more commonly known as the "Beige Book" - offers a collection of anecdotes from market experts, economists, "key business contacts" and reports from Bank and Branch directors all over the country. Published eight times per year, the latest Beige Book will be used in the upcoming Dec. 16 monetary-policy meeting, when the Fed will determine whether to cut interest rates...
...cost of supporting a brand with a small market share doesn't make sense, nor does maintaining a dealership network created for an era when Chevy and Buick could support separate distribution systems. GM plans to reduce its dealer count 27%, to 4,700. "Certainly, having seven or eight brands for 25% of the market is far more than you need," says Ron Harbour, the partner in charge of consultancy Oliver Wyman's North American automotive practice...
...sees the country as a site for cheap, power-intensive smelters. By going geothermal, which has less impact on the environment, Alcoa believes it can mitigate the hundreds of thousands of tons of carbon dioxide a smelter emits every year. "If you compare the offset, it's six to eight times cleaner to produce here" than in a location where a smelter would get electricity from a coal- or oil-based source, says Tomas Mar Sigurdsson, general manager of Alcoa Iceland...
...only 15 full-time employees - the start-up technology needed to extract heat from a few miles beneath the earth's surface and convert it to electricity is not cheap. By some estimates, conducting the necessary geologic surveys and exploratory drilling for one plant can take up to eight years and $20 million before the turbines start turning. "The high cost is a barrier to everybody," says Karl Gawell, executive director of the U.S.-based Geothermal Energy Association...
...proposes, in other words, that Republicans become Democrats or at least move to the center, with an eye toward the 2012 elections. I think the GOP should shoot for 2020. It will take at least that long, probably longer, for Americans to forget the miserable incompetence of the past eight years. Tom Davis, SEATTLE...