Word: quiteness
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Last October, BP, Alcan, DuPont and others joined with Environmental Defense to launch the Partnership for Climate Action, pledging to reduce their greenhouse emissions to levels meeting or exceeding Kyoto's requirements. Ford, Daimler-Benz and Texaco have not yet joined, but last year they did quit the misleadingly named Global Climate Coalition, an industry group opposed to emissions controls. Honda and Toyota have introduced hybrid cars with emissions 40% lower than standard models of the same size...
February's existing home sales--a hearty 5.18 million annualized--show an industry that, thankfully, doesn't know when to quit; odd, since housing often leads the downhill charge into recession. Construction giants such as Centex and KB Home continue to expand, thanks to consolidation, low mortgage rates and productivity gains. An order backlog means no housing glut this round: spec building has been a no-no since the S&L blowout, and many towns, already sprawling, are now persnickety about development...
...Marsha Bristow Bostick of Columbus remembers noticing with alarm last summer that her three-year-old daughter Betsy had memorized an awful lot of TV commercials. The toddler announced that she planned to take ballet lessons, followed by bride lessons. That helped inspire her mother, then 37, to quit her $150,000-a-year job as a marketing executive. She and her husband, Brent, a bank officer, decided that Betsy and their infant son Andrew needed more parental attention if they were going to develop the right sort of values. Marsha explained, ''I found myself wondering, How wealthy...
...billion behemoth, his youngest daughter got to be seven years old, and he felt he hardly knew her. Last spring he stunned Wall Street when he decided to give up his 14-hour workdays. With a nest egg estimated at $50 million, Lynch could well afford to quit. But many ordinary people evidently felt a connection with what he did, for he received more than 1,000 letters of support for his move. These days, while other investment managers are scanning their market data at dawn, Lynch is making school lunches. Says he: ''I loved what I was doing...
RESIGNED. XANANA GUSMAO, 54, as President of East Timor's National Council, saying internal squabbling hampered the territory's transition to independence; in Dili. Gusm?o, who for many years led a guerrilla war against Indonesia and was widely tipped to become President, quit the defacto parliament after it refused to consult the people on the proposed new constitution. RESIGNED. RICHARD LEAKEY, 56, conservationist renowned for spearheading the fight against elephant poaching in Africa, as head of Kenya's civil service; in Nairobi. Leakey's appointment by President Daniel arap Moi in 1999 to tackle the country's endemic corruption...