A new invention that transforms straw into a low-cost building material has won the 2006 Modern Marvel of the Year. The Strawjet, developed by David Ward, could help to not only give farmers boosted income, but could eliminate the need for deforestation.
The Army Corps of Engineers have nearly finished $800 million in repairs to New Orleans' levee system. Repairs include better concrete flood walls and miles of new or repaired levees. Some engineers say the city still does not have the protection it needs.
Investment-banking boutique Keefe Bruyette & Woods said it will pursue an initial public offering. KB&W, which specializes in the financial-services sector, joins Thomas Weisel Partners, Ryan Beck and others hoping to duplicate the success of boutique Greenhill & Co.
Travel analysts predict a record number of innkeepers and cities will offer gas vouchers this summer to attract customers to their destinations. Some lodging businesses and tourism bureaus in the Northwest are already launching such promotions in time for the Memorial Day weekend.