"The Austrians were right" is a phrase we hear often now, and for good reason.
The housing bubble and bust were called by the Austrians and, essentially, no one else. The Austrians were right about the dot-com bubble and bust. The Austrians were right about the 1970s stagflation and explosion in the price of gold after the gold window was closed.
Source:
http://www.lewrockwell.com/rockwell/hazlitt-bretton-woods147.html
Petroleum engineers don't have the best reputation at the moment, thanks to all that oil gushing into the Gulf of Mexico from BP's April 20 rig explosion.
But don't feel too bad for them--it's easier to deal with a wounded ego when you're making a gusher of money.
There was a "skirmish" between BP and Transocean staff about whether to proceed with a procedure shortly before the Deepwater Horizon explosion, the rig's chief mechanic says.
Source:
http://www.msnbc.msn.com/id/37363106/ns/gulf_oil_spill/
Don Blankenship, CEO of Massey Energy, complained last year that it is very difficult� to obey nonsensical� safety rules.
On April 5th , 25 miners died in an explosion at his Upper Big Branch mine in Montcoal, WV, which had racked up thousands of safety violations.
The April 5, 2010, explosion at West Virginias Upper Big Branch mine, which killed at least 25 miners, serves as a reminder that on-the-job death is still a real danger.
Source:
http://photo.newsweek.com/2010/4/deadly-results-when-companies-let-safety-slip.html
At least 25 people were killed in an explosion that rocked the Lubyanka metro station in central Moscow on Monday, Itar-Tass news agency reported.At least 10 people were wounded in the blast, it said, quoting the Emergencies Ministry.
Source:
http://www.washingtonpost.com/wp-dyn/content/article/2010/03/29/AR2010032903532.html
