Word: powers
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Dates: during 2000-2000
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...convention-planning meeting on Wednesday morning, campaign chairman Bill Daley offered the ultimate reward: 100 floor passes to anyone who could get former Treasury Secretary and gazillionaire Robert Rubin to utter the mantra, "Fight for working families." It was meant jokingly, using Rubin as a symbol of Wall Street power...
...missile compartments, instantly killing the men on duty there. In the control room just aft of the shattered weapons compartments, Lyachin, the five staff officers and the dozen or so officers and petty officers manning the ship's controls would have had no time to react before the combined power of the blast and seawater tore through, destroying the gleaming arrays of switches, computers and video screens that constitute the "brain" of a submarine. All would have been killed outright or quickly drowned. From there, the water is likely to have cascaded through passageways and doors into the "sail...
...duties placed them in the reactor control rooms and the turbine and machinery spaces behind the reactors. The flash flooding in the forward part of the Kursk would have caused the bow to drop, pitching the 14,000-ton boat into a steep dive with steam turbines still delivering power to its twin screws. In seconds, the sub would have pounded into the seabed some 350 ft. beneath the storm-driven surface of the Barents Sea with a shock that would have hurled survivors against equipment and bulkheads. Finally, as the boat settled onto the ocean floor, openings along...
Skilling's latest gambit is to apply the same principles he learned in the power and energy sectors to making Enron a leader in the booming telecommunications business. The plan isn't to go head to head with established fiber-optic carriers such as AT&T, Qwest and Williams Communications. Instead, Enron wants to use new switching technology and its expertise in trading pipeline access to transform a modest telecom network into a powerful arbiter of bandwidth. Enron's bet is simple: supply and demand will increase exponentially, turning bandwidth into a tradable commodity, just like gas and electricity. Along...
Other new-economy players are also beginning to see the power merchant as a prize partner. IBM and AOL have joined with Enron to form the New Power Co. (TNPC), an independent start-up that will offer pricing schemes and a choice of power and gas service for residential and small-business customers. Enron provides the electricity; AOL enables customers to buy it via the Web; and IBM takes care of the billing. "It's ludicrous that we're in the 21st century, and you still have people jumping over fences to read meters," says Skilling, pointing out that...