Word: reductionism
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It is their spending patterns that excite entrepreneurs like Mafatlal. In spite of the maharajas' opulent purchases of old, India has had a tradition of fiscal conservatism, of saving rather than spending. Yet the combination of a GDP rising at 8% per annum and one of the world's youngest...
Americans stopped investing exclusively in real estate and got back to the serious business of technological innovation. Congress passed a low-cost, universal health-care system and a new federal sales tax, which allowed a drastic reduction in income tax without the huge deficits that had plagued the Bush years...
The economic benefits are large and calculable. In California, the world's sixth largest economy, the Climate Action Team determined that global-warming reduction would increase income by more than $4 billion while providing 83,000 new jobs. Growth will come from several sources: innovative green technologies will create high...
Increasingly, mine operators are trying to extend tire life by smoothing mine roads, reducing payloads and lowering speeds. If the shortage has had a positive effect, it's the reduction in tire-related accidents, says Chris Curfman, vice president of Caterpillar Global Mining, which ships just 5% of its trucks...
Cleaning up the mess is the responsibility of the species that made it, and that job starts with coal. The 440 coal-fired power plants in the U.S. produce about 48 tons of mercury a year--40% of the nation's total output, by some estimates. The Clinton Administration did...