Word: demand
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...subjects. The altars of Byzantine churches, for example, were hidden by huge screens decorated with icons of saints and martyrs that, while huge and impressive, are also as inexpressive as a child's doll. Without realistic human features or vivid detail through which to tell their stories, these icons demand that viewers use imagination to grasp the lives of the dead. The icons' elusiveness, in other words, allows for a stronger spiritual connection...
Dave Cole, chairman of the Center for Automotive Research, offers some grounds for optimism. Once the downturn passes, he says, there will be a lot of pent-up demand for new more fuel-efficient vehicles. GM is feverishly working on the Chevrolet Volt, an electric car that could go a long way towards changing the way Americans think about such cars. Even Chrysler is promising to deliver seven new models...
...demand in the U.S. has dropped 10% in the few weeks, continuing a year long trend. According to the U.S. Department of Transportation, Americans drove 15 billion fewer miles in August, or 5.6% less than they did the year before. DOT says it's the largest ever year-to-year decline recorded in a single month. Over the past 10 months, Americans have driven 78 billion fewer miles than they did in the same 10 months the previous year - sure proof of what economists call "demand destruction...
...perhaps permanently. "We are seeing changes in habits," says Julian Lee, senior energy analyst with the Center for Global Energy Studies in London. "The sales of big gas-guzzling vehicles have collapsed. If we see that kind of change it becomes a much longer term issue with long-term demand destruction." In the short term, there's simple math. The average driver goes about 12,000 miles a year at 20 miles per gallon, says Ken Medlock, an Energy Fellow at the Baker Institute at Rice University in Houston, Texas. If gasoline drops $1.50 the $900 that Joe Average Driver...
...live in a market economy and it’s all supply and demand, and we assume that if there is no demand for classical music it’s all going to go away,” Levin says. “But the idealism of these students suggests that it will not allow it to go away. And it shows how important figures like Dr. Y really are, because by channeling the energy and the idealism of these students he gives this activity a prestige, a relevance, a here and now, a charisma that ultimately legitimizes and galvanizes...