Word: carterisms
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...series of events conspired to derail the policy. The Algerians, who shipped the LNG, jacked up the price. The Carter Administration and the natural-gas and pipeline companies balked at paying more. After months of fruitless negotiations, the deal unraveled. The ships went elsewhere. Cove Point and two other plants closed. It was the end of the LNG experiment. But the shortage has triggered a scramble to reverse course. Today Cove Point is being expanded and will reopen soon. The plants in the three other states are already open, and plans are on the drawing board for two dozen more...
After the second oil shock hit America in 1979, Washington's wandering attention was focused again on energy. Following Nixon's lead, President Carter pushed development of synthetic fuels as part of his strategy to slash imports. When he signed the Energy Security Act into law in June 1980, Carter said it would "encourage production of 2 million bbl. a day of synthetic fuels by the year 1992." That didn't work either: synthetic-fuel production ended up slightly in excess of zero, and oil imports totaled 6.9 million bbl. a day that year...
...FluMist was approved in mid-June. In May, Genentech's colon-cancer drug Avastin stunned scientists with its effectiveness in trials and is widely expected to be approved soon. Dozens of other products are in the works. "We're starting to see the fruits of biotech research," says Kenneth Carter, ceo of Avalon Pharmaceuticals, which is working on three cancer drugs. The excitement owes much to a friendly turn at the Food and Drug Administration (fda) under new commissioner Mark McClellan, who is on a mission to get lifesaving drugs through the review process safely and quickly. He believes that...
...short ceremony at Carter Playground culminated in Summers’ presentation of a poster-sized $475,000 Harvard check to the city of Boston in support of the Boston Youth Fund and the Harvard After School Initiative (HASI), a group of 16 organizations offering educational programs for local youth. The event—which featured brief speeches from Summers and Menino—centered on Tenacity, an after-school and summer program combining free tennis lessons with reading-skill development...
...FluMist was approved two weeks ago. In May, Genentech's colon-cancer drug Avastin stunned scientists with its effectiveness in trials and is widely expected to be approved soon. Dozens of other products are in the works. "We're starting to see the fruits of biotech research," says Kenneth Carter, CEO of Avalon Pharmaceuticals, which is working on three cancer drugs...