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...sales in May. Trucks and sport utility vehicles accounted for 47% of Ford's sales as recently as February but only 34% in May, as consumers opted for compact and subcompact passenger cars. General Motors is adding a third shift at a two assembly plants to meet the rising demand for smaller cars even as it prepares to close four truck plants and puts its entire Hummer operation under review for a possible sale...

Author: /time Magazine | Title: The Hybrid Holdup: Fresh Batteries | 6/4/2008 | See Source »

...first noticed the inscriptions during my sophomore fall, when I was on my way to what was to be a particularly uninspiring section for Ec 10. As I gazed out the window and absent-mindedly filled my notebook with supply and demand curves, I wondered whether it was part of former University President Charles W. Eliot’s (Class of 1853) plan when he thought of the inscriptions, that the gates would be locked at 7 P.M. every day, effectively hindering townies from growing in wisdom and freshmen from serving their country. I also wondered how much wisdom...

Author: By Emily C. Ingram | Title: Enter to Grow in Wisdom | 6/3/2008 | See Source »

...issue is that some of the department’s classes are too large. The ratio of majors to faculty exceeds 14 in economics but falls below five in many departments. Student demand is only one factor determining how faculty slots are allocated, however. As the late FAS Dean Jeremy R. Knowles put it, one can imagine a university without philosophy majors, but not without a philosophy department. Class sizes will inevitably be greater in the larger concentrations...

Author: By Jeffrey A. Miron | Title: Economic Surplus | 6/2/2008 | See Source »

Officials at the 21-nation energy agency claim that the global recession has the decisive factor in lower gas prices. Put simply, they say, poor economic growth caused a reduction in energy demand. But UIf Lantzke, executive director of the agency, has predicted that the recession must inevitably come to an end, hence causing a sharp increase in gas prices...

Author: By Antony J. Blinken | Title: Guzzling Away | 6/2/2008 | See Source »

...decade, worldwide demand for oil could top supply by as much as nine million barrels per day, the IEA report concludes. It is not difficult to imagine the resulting escalation of international tension as countries scramble to obtain their energy needs. Nor is it hard to foresee the internal chaos another oil shortage will wreak on an unprepared nation. Soon the energy scare of the ‘70s may seem a mild prologue to the real crisis...

Author: By Antony J. Blinken | Title: Guzzling Away | 6/2/2008 | See Source »

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