Word: demanding
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...opening up 54 hotels this year, at a rate of one every three weeks, financed in the days when the economy was roaring and money was cheap. As the room glut deepens, hotel builders are slamming on the brakes - there is a 75% increase in projects being stopped. But demand is falling quickly too. "There's [been] nothing like this in history, in terms of falling demand" says Bjorn Hanson an industry analyst with New York University's hotel school. With the strengthening dollar, hotels are losing the European traveler; slumping corporate profits mean conventions are seeing fewer attendees...
...into their transactions. Investors have pulled billions of dollars out of the oil-futures market since the onset of the financial crisis three months ago, and, say analysts, Opec's ability to control the fluctuation of prices has diminished in recent years as the factors governing supply and demand have grown vastly more complex...
...World oil prices began surging late last year partly because of the soaring demand from China and India's fast-growing economies, leading many to speculate that the world could actually run short of oil. But just as some long-planned new oil projects in Saudi Arabia and elsewhere came on line, those emerging economies began to slow, and the United States - the world's biggest energy consumer - faced its biggest economic crisis in decades. One result has been that Americans are driving less - 100 billion miles fewer in the first 10 months of this year than in the same...
...Senate. Chu won't be able to do much about that. But, as Obama pointed out at his press conference, "[Chu's] appointment should send a signal to all that this Administration will value science. We will make decisions based on facts, and we understand that those facts demand bold actions." Today's appointments are a start...
...hefty amount of experience in environmental policy-making and consulting. What appears to be causing more speculation regarding her appointment is what exactly her newly created position, officially titled Energy Coordinator, will entail. "Carol understands that our efforts to create jobs, achieve energy security and combat climate change demand integration among different agencies, cooperation between federal, state and local governments and partnership with the private sector," President-elect Obama said at a press conference to announce her nomination. Browner, herself a member of Obama's transition board, mentioned earlier this month that the new position would not change the duties...