Word: gas
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...during "optimistic times," says its manager, Samir Skaik. They were short-lived. Soon after, the intifadeh, or Palestinian uprising, started, and there has been fighting and mayhem ever since. The same ingenuity that Gazans show during these hard times - running their cars on used vegetable oil when gas is cut off or rebuilding houses out of mud bricks because Israel has yet to allow in construction materials after its last offensive - applies to running the Al Deira. "Of course we thought of shutting down. But we have loyalty to Gaza and to our employees," says Skaik, who tells his staff...
...parameters of this new normal is not something that can be done with pinpoint precision. I started paying attention to the news (and subscribing to Time) during another period of economic turmoil, the late 1970s, and soon became convinced that I would never know a world in which gas was affordable, inflation wasn't in double digits and jobs were anything but scarce. Then the 1980s and '90s happened. So there is a danger in extrapolating present conditions to the future--and the U.S. economy has a wonderful penchant for surprising us all to the upside. But here are five...
...Marchionne is to succeed, he needs above all to reposition Chrysler from maker of clunky, overpowered gas guzzlers to purveyor of must-own, energy-efficient vehicles. "The challenge for Fiat Chrysler is to move away from popular products and into 'pop' products, full of cool environmental technology and on the right side of history," says Carlo Alberto Carnevale, a professor of strategic management at Bocconi University's business school in Milan and a close watcher of Fiat. "In that sense, it's the same bet as Steve Jobs'. That's why Marchionne uses that metaphor...
...income homes, on military bases and in all kinds of government buildings, while his fuel-efficiency standards for vehicles are expected to save billions of gallons of gasoline; he's also providing government financing for electric cars, and his cash-for-clunkers program is another assault on gas guzzlers. The stimulus also included $19 billion for computerizing the medical industry, which could reduce duplicative tests and office visits, plus $1.1 billion for "comparative effectiveness research" that could discourage ineffective treatments. And the President and the First Lady have used their bully pulpits - often backed by policy shifts - to discourage smoking...
...their catastrophic ethanol boondoggles, and the legislation faces even rougher rapids in the Senate. But a less ambitious effort to bring the entire country in line with the six states that have already decoupled utility profits from electricity sales - and the 16 that have done the same with natural gas - would be less controversial as well. Most utilities would be delighted to promote efficiency and renewables if they could do it without shafting their shareholders...