Word: 90s
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Being a cowboy in the '90s isn't like the movies. While John Wayne spent more time slinging a gun than looking after actual cows, the student cowboys must guard the herd carefully to prevent it from trampling sensitive ecosystems. They also assist in calf-birthing...
...Then there's the fact that the record low oil prices of the '90s ushered in some habits detrimental to Washington's long-term goals of increasing fuel efficiency to help combat global warming. "Twenty years ago there was a lot more emphasis on fuel efficiency in the automobile industry," says Dowell. "Now everybody's driving gas-guzzling trucks. While the government doesn't want the sort of sharp increases we've seen over the past month, a gradual increase in the price of gasoline may suit its environmental goals...
...while U.S. pressure will almost certainly prompt OPEC to at least partially back down, the price is unlikely to be pushed down to the depressed levels of the late '90s. "In the end," says Baumohl, "neither the U.S. nor its oil-producing allies want the price to fall too far. They'll probably look to find an optimal level, at which everybody wins." And that's a matter that will probably be settled nowhere near the free-trade mecca...
...look of Kendall has evolved over the past 10 years, starting with increased construction and business growth after the recession of the early '90s, and recently intensifying with the proliferation of Internet and software based companies...
...slowdown will be. If the growth rate eases gently down from the current 6 percent to around 3.5 percent, the political impact may be negligible. But a sharp drop may hurt Vice President Gore's campaign, which is centered on claiming credit for the good times of the '90s - particularly if it's attributed in part to the actions of oil-producing countries. The U.S., after all, sent troops to protect Kuwait and Saudi Arabia from Saddam Hussein in 1991, and their collusion with the likes of Iran and Libya to raise the oil price won't play well with...