Word: steels
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...second, equally important feature. Tax rates should be the same on alternative forms of economic activity. If plumbers are taxed more than electricians, there will be fewer plumbers and more electricians than the free market would dictate. If a tax break goes to timber but not to steel, investment flows out of the steel industry and into the timber industry. In either case, the Government is overriding the free market and dictating the shape of the economy just as surely as if it did so directly. Except that doing so directly is called "socialism" (or at least "industrial policy"), whereas...
Those precautions saved hundreds of lives. In San Francisco modern office high-rises, many standing on huge steel-and-rubber springs deep below their foundations, rode out the bucking movement, bouncing and swaying as much as 30 ft. from side to side without cracking open. Within minutes after the quaking subsided, emergency response teams, honed by hundreds of hours of drills, began rescuing victims, sealing off dangerously weakened structures and coordinating relief efforts...
...also known as the Nimitz Freeway, collapsed when dozens of its concrete vertical support columns shattered during the violent shaking of the earthquake. Steel support rods inside the columns snapped like raw spaghetti under the multimillion-pound weight of the four-lane upper roadway. Some construction experts last week expressed outrage that the steel rods inside the columns had not been reinforced to help them withstand a powerful quake. Said Peter Lehrer, co-chairman of the Lehrer McGovern Bovis construction firm, which managed the restoration of the Statue of Liberty and Ellis Island: "There is no excuse for what happened...
Longshoreman Buck Helm, who spent four days in a tomb of I-880 concrete and steel, was in criticalstable condition at Highland General Hospital in Oakland with some slight improvement, hospital officials said...
...developing nations the U.S. has inadvertently contributed to the environmental problem rather than the solution. In the early 1980s, the U.S. Agency for International Development helped build the Mahaweli Dams in Sri Lanka -- a multibillion-dollar construction typical of AID's past tendency to define development in terms of steel and concrete. The project has flooded forests and destroyed tea plantations. Washington's Environmental Policy Institute cites the dams as one of the 18 most destructive water projects on earth...