Word: gal
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Dates: during 1990-1999
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GEORGE BUSH COULD SOON DISCOVER THAT LOSING A PRESIDENtial election can be a taxing experience. Clinton's budget proposes increasing fuel taxes on barge companies $1 per gal. (a 525% rise). Bush and former Cabinet Secretaries James Baker and Robert Mosbacher have all had lucrative investments in the same Houston barge company. Bush reported an $11,962 profit on his $31,000 stake in 1988 before he moved his investments into a blind trust. He is a private citizen now, so his current holdings, if any, are his business. But the tax could prove to be quite a parting gift...
Like Clinton, Reno is an Ivy League law graduate (Harvard '63) with a down- home background. When she was a girl her parents, both reporters, moved the family to a homestead near the Everglades. Her mother was a crusty good ole gal known for wrestling alligators and building much of the log-and-stone house where Reno still lives...
Supporters of this measure are taking a beating even though the average U.S. pump price of $1.16 per gal., when adjusted for inflation, is the lowest since the mid-1960s. (The cost includes 20 cents per gal. for state and local levies.) Moreover, each penny increase in the federal tax raises about $1 billion in revenues. Trouble is, the tax has far fewer friends than enemies, including Clinton, who is wary of measures that might put him between Americans and their cars. It is also the most politically volatile form of energy tax, because it is the most visible...
...DRILL THAT HAS GROWN ALL TOO FAMILIAR, SALvage and fire-control specialists were rushed to the scene of a burning oil tanker, this time near the entrance to the Indian Ocean's Malaccan Strait. The Danish-owned Maersk Navigator, carrying 78 million gal. of light crude, had collided with an empty Japanese tanker, rupturing one of the loaded vessel's 12 tanks and setting it ablaze. Fortunately, most of the escaping oil quickly burned off or evaporated, calming fears of environmental damage to fishing waters and the coasts of the Indonesian island of Sumatra. By week's end emergency workers...
...would be a mistake to underestimate the resilience of nature. Studies of other spills reveal remarkable recoveries -- even from shocks like the estimated 250 million to 350 million gal. of crude that was deliberately pumped into the Persian Gulf in 1991 by Saddam Hussein's army. Though the majestic coral reefs in the gulf still show the effects of their trauma, they are slowly rebuilding. Says Sylvia Earle, a former chief scientist of the U.S.'s National Oceanic and Atmospheric Administration, who visited the gulf last year: "The reef was like a weedy lot, not a healthy wilderness...