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...years ago, it still accounts for 40 percent of our energy use, and last year - when prices were depressed - it accounted for some 14 percent of our GDP," says TIME senior business writer Bernard Baumohl. "So the trebling of the oil price could very well act as a brake on economic growth, by slowing down consumption. When the price at the pump climbs to $1.80 or $2 a gallon, that eats into the amount of money households have to spend on other things...

Author: /time Magazine | Title: Oil Price Hikes Could Spell Trouble for Gore | 3/8/2000 | See Source »

...news. In the post-cold war world, their new Wall Street buddies informed them, you couldn't pump government money into the economy and watch it spring to life because the bond market, punisher of fiscal indiscipline, would force up interest rates and slam its foot on the brake. Bill Clinton adapted; he cut spending and the deficit, thus handing over the economic reins to Alan Greenspan. Not a bad strategy, except that honest liberals must now admit that inequality is greater, the safety net is thinner, and capitalism is fiercer after two terms of Democratic occupancy of 1600 Pennsylvania...

Author: /time Magazine | Title: Will Politicians Matter? | 2/21/2000 | See Source »

...responded to a motor vehicle accident. A Cambridge fire truck's parking brake had not been set correctly, and the truck rolled into a parked car causing extensive damage...

Author: By Garrett M. Graff, CONTRIBUTING WRITER | Title: Police Log | 10/25/1999 | See Source »

...driver stand, stoking the boiler, firing up the engine and managing the controls. In follow-up courses, groups of four students strive to acquire enough skill to drive the locomotive. This involves learning to clean, oil and light up the engine, shunt tracks, couple and uncouple cars--and brake, no easy task. John Sinclair, 54, technical director of a Bedfordshire computer firm, was "quite frightened" during an intermediate course with Severn Valley Railway because even at 25 m.p.h., the locomotive rattles and shakes. So pleased was he by the "big high" he experienced that he plans to spend...

Author: /time Magazine | Title: Travel: Fulfill a Fantasy | 10/18/1999 | See Source »

...BRAKING CAR THEFTS Steering-wheel locks like the Club are nifty anti-theft devices, except for one problem: a skilled thief can cut through the steering wheel where they are attached, remove the lock and drive off in your BMW. The new Autolock from Lawman Order Corp. ($50, available at the site unbrakeable.com tries to solve this problem by attaching to the brake pedal, which is much harder to sever. Then again, with the steering wheel untethered, a thief might try to drive the car anyway and smash your Beemer into a tree. Oops...

Author: /time Magazine | Title: In Brief: Oct. 18, 1999 | 10/18/1999 | See Source »

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