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...become an iconic symbol of the times, by long lines at gasoline stations. In 1974, in an attempt to overcome the unintended consequences of price controls, drivers in many places were permitted to buy gasoline only on odd or even days of the month, depending on the last digit of their license plate number. Moreover, with the controlled price of U.S. crude oil well below world prices, growth in domestic exploration slowed and production was curtailed--which, of course, only made things worse...
...affair. For the first time since 1968’s famous 29-29 Harvard victory, both teams entered with perfect 6-0 Ivy records, and Yale was an immaculate 9-0 overall. The Bulldogs had spent the season dominating Ivy opponents, winning every league contest save one by double-digit margins, never allowing more than 17 points in regulation and becoming the first team to score 50 or more points twice in a single Ivy campaign. Yale running back Mike McLeod, despite a nagging toe injury, was averaging 174.3 yards and over three touchdowns per game...
...mortgage rates have discouraged British house hunters already struggling to meet bloated food and fuel bills. Repossessions are expected to soar by two-thirds this year to some 45,000. The result: property prices look set to fall further. Halifax, Britain's leading mortgage lender, forecasts "a mid-single-digit percentage decline" in 2008; Capital Economics, a London-based consultancy, predicts a slump of as much as 20% between last fall...
...another measurement of how life is getting better for more and more Chinese in the cities: more cars, more electricity, more gadgets, more stuff, all of which carry a greenhouse gas cost. Asking China to limit greenhouse gas emissions even as its GDP continues to grow at nearly double-digit rates is like asking them to give up the good life they're just beginning to taste. It's not going to happen - and yet to avert dangerous climate change, it has to happen. That's the paradox of global warming politics...
...Until recently, the government tolerated civil society, human rights defenders and non-governmental organizations that are often the only voice for India’s otherwise disenfranchised groups. But the government’s attitude towards these groups is rapidly changing. Largely unnoticed amid stories of silicon valleys, double-digit growth rates, and foreign direct investment is the darker side of Indian development: the government’s growing willingness to silence dissent and restrict basic freedoms...