Word: diesel
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Dates: during 2000-2009
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...fuel subsidies will ripple through economies, increasing costs across a wide range of industries, boosting inflation, undermining government budgets and stirring up unrest among citizens who are already feeling the bite of slower growth. In India, as elsewhere, the main reason governments impose controls on petroleum products such as diesel, kerosene and liquefied petroleum gas (LPG) is to help millions who live on less than $1 a day - and to give politicians a chance to stay in power on election day. "There's the economics of it and there's the politics of it," says Suman Bery, director-general...
...Since June 4, gasoline is up by 11%, diesel by 10% and LPG by 17%. The price of kerosene, the most widely used cooking fuel, was left unchanged, but the other increases will push up India's inflation rate, which at 8.24% is already at a four-year high. Public anger is growing. India's leftist parties called for a week of protests after Singh's TV announcement. The states of West Bengal, Tripura and Kerala saw general strikes that emptied the streets. Slogan-shouting housewives marched through New Delhi, while in Mumbai protestors rode bullock carts to show that...
...Despite the dose of economic realism that many governments are finally swallowing, there is one Asian country that has resisted any major easing of price controls. China has raised the retail price of diesel and gasoline by just 9% since January 2007. (Over the same period, the price in the U.S. has jumped 77%.) Observers say China will probably stand pat at the pump until after the Beijing Olympic Games in August. That could keep Chinese happily burning the midnight oil - and keep global oil prices high, since growing demand from China has contributed significantly to crude's price...
...Codes of conduct hammered out in corporate offices in the West can lose in translation when applied overseas. Mukhtarul Amin, managing director of Superhouse Ltd., an Indian clothes manufacturer that counts Esprit and Diesel among its clients, candidly admits that he can meet only 95% of his social responsibility commitments. Some, he says, are just too difficult, or aren't relevant to Indian society. French retailer Decathlon requires suppliers to have official documentation of workers' ages. "They don't know that a large number of Indians in rural areas have no such documents," says V. Srinivasan, a Superhouse manager...
...imagine how it would feel—so smooth and sleek upon my body. The thought was riveting. And you know what? Dammit, I needed this.I walked over to her, glaring. As she looked up, I said: “Yes. I would like to buy this pair of Diesel jeans.”They were the perfect jeans. Dark wash, slightly worn at the thigh. Slim, but not too slim, with creases at the pockets and behind the knee. They were button fly, like all Diesel jeans. And, my God, when I tried them on, I just knew...