Word: steels
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...arrest last month of a retired Pakistani general brought into sharp focus B.C.C.I.'s role in selling nuclear secrets. General Inam ul-Haq, who was arrested in Germany, has been sought since 1987 by U.S. authorities in connection with the purchase of nuclear weapons-grade steel for Pakistan's bomb-development program. The Justice Department says that B.C.C.I. was Inam's financier, and the U.S. is seeking his extradition. The alarm has spread to other branches of the U.S. government. In a recent letter to Attorney General Richard Thornburgh, Senate Governmental Affairs Committee chairman John Glenn, a Democrat from Ohio...
Meanwhile, workers have found brittleness and cracks in most of the welds of the Navy's futuristic SSN-21 Seawolf-class submarine, the first of which is under construction in Groton, Conn. The responsibility seems to belong to the Navy, which set standards for welding a new high-tensile steel that apparently permitted too much carbon in the welding rod. Though the hull was 15% completed when the problem was detected, builders may have to start from scratch using new steel. There are serious doubts whether the $2.5 billion sub-killing craft will ever...
...conduit for terrorists, money launderers and gunrunners, B.C.C.I. may have financed the illicit development of nuclear weapons programs. The U.S. last week pressed efforts to extradite Inam ul-Haq, a retired Pakistani brigadier, on charges that he masterminded an abortive 1987 plot to smuggle to Pakistan an American speciality steel used to enrich weapons-grade uranium. B.C.C.I reportedly provided credit for the deal. But Pakistan, home of B.C.C.I. founder Agha Hasan Abedi, denied -- as it has in the past -- that it seeks to develop nuclear arms, and said the government had no connection with Inam, who was arrested by German...
...Miami-New York Silver Star was barreling through a predawn rainstorm at 77 m.p.h. when the last six cars suddenly jumped the tracks and slammed into two freight cars parked on a siding. While none of the passenger cars turned over, 25 ft. of the Silver Star's stainless-steel skin was peeled back, ripping out seats and killing five men and two women. "Glass and metal were flying in," said Dave Elmers, a passenger from West Palm Beach, Fla. "It just opened up that train like a sardine can." Said Steven Clark, a passenger from Philadelphia who was thrown...
Despite the slump, industry executives point out that the information business is still growing faster than autos, steel and airlines. What's more, technological improvements and new developments keep coming. What's happening < now, says David Fullarton, president of the Information Industry Association, is simply a transition phase: "These are merely growing pains...