Word: behravesh
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Dates: during 2000-2009
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...Shades of the '70s? No. Non-OPEC oil sources have increased significantly since then. But higher energy costs are like an ugly tax. Consumers shelled out an extra $50 billion last year because of higher gas prices. "The danger is that OPEC could be too successful," says Nariman Behravesh, chief global economist for DRI-WEFA, an economic consulting firm. "If they hang tough with their quotas and oil prices stay high as the world economy slows down, the downturn could be even more pronounced...
...Japan faced critical elections last weekend that will help determine how successful Koizumi will be. "Odds are Koizumi will fail to get through most of his reforms," says Behravesh. "It's an ugly scenario for Japan and for the U.S." Why will he fail? Many in the Japanese parliament are worried that the medicine will be too harsh. Indeed, some analysts predict that this PM won't be around long. "Koizumi is trying single-handedly to take on the Old Guard of the Liberal Democratic Party and one way or another, he's going to get knifed," says Sean Callow...