Word: fueled
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Dates: during 1990-1999
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...September quarter, less than half the speed of the average postwar recovery. New signs of weakness emerged last week when the Federal Reserve Board's "beige book," a document summarizing economic conditions around the country, reported that the recovery "has lost some momentum" since last spring. To supply more fuel, the Fed last week dropped the influential Federal Funds rate from 5 3/4% to 5 1/2%, its lowest level in more than a decade...
Plant breeders have used this genetic diversity to help fuel the green revolution and keep agricultural production ahead of population growth. But as the raw material of the revolution disappears, the food supply becomes more vulnerable to catastrophe. Skovmand, for one, is not optimistic about the prospects for the coming decade. "The world has become complacent about food," he says. "In the 1970s the surprise was that India could feed itself. In the coming years the surprise may be that India can no longer feed itself...
...meet government-mandated fuel-economy standards and still satisfy drivers' demands for performance, carmakers are constantly struggling to boost mileage without cutting power. Last week in Tokyo, Honda and Mitsubishi simultaneously said they have developed engines that can increase mileage up to 20% without cutting performance. Honda's VTEC-E engine, which the company says can get up to 65 m.p.g. on the highway without sacrificing power, will be offered in the Civic Hatchback VX, which makes its U.S. debut later this year. The new engine, which will eventually be available in all Honda models, is likely to be slightly...
Happy anniversary, drivers! Just a year after Iraqi troops conquered Kuwait and gasoline prices began spiking, a new study by oil historian Daniel Yergin says pretax, inflation-adjusted gasoline prices are at their lowest point since 1947. Even with recent increases in federal and state fuel taxes, gasoline costs Americans 44% less in real terms than it did in 1980, and, surprisingly, 24% less than it did in the halcyon days of 1960, before anyone had heard of Saddam Hussein or OPEC. Of course, what consumers pay at the pump does not factor in the real environmental and military costs...
...into a full-scale rout. The airlines were loaded with debt after a decade of mergers, frantic expansion and multibillion-dollar orders for new aircraft. The approach of the gulf war brought a sharp run-up in oil prices, adding $2 billion, or 12.5%, to the industry's jet-fuel costs. Then, in a desperate bid to fill seats as the recession deepened and war jitters sidelined travelers, U.S. airlines slashed fares. By last April, 95% of all U.S. air passengers were traveling on the cheap, according to the Airline Monitor, an industry-research monthly. Despite a heady 30% increase...