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...civilian vehicle in 1992. GM bought the line in 1999 and later introduced the smaller H2 and H3 models. After the SUVs became a rolling symbol of hip-hop bling and celebrity excess, Hummer in 2006 registered peak sales of 71,524 for all models. But with higher gas prices and the onset of recession, sales plunged...
...support tobacco use. But the authors argue that in fact, insurers profit both ways. "Although investing in tobacco while selling life or health insurance may seem self-defeating," the authors write, "insurance firms have figured out ways to profit from both. Insurers exclude smokers or, more commonly, charge them higher premiums. Insurers profit - and smokers lose - twice over...
...health-insurance industry, by contrast, has largely divested tobacco holdings since the 1990s and has offered to compromise with lawmakers in the health-care debate. In a letter to Congress on March 24, several health insurers indicated they would be willing to stop charging higher premiums to people with a history of medical problems if all Americans were required to purchase health plans. Perhaps the next step will be for life and disability insurers to look at their tobacco stocks and, as they say, kick the habit...
...four years I’ve been at Harvard, the Student Labor Action Movement has been one of the least popular groups on campus. To be sure, the group is dedicated to an admirable goal—higher wages for Harvard’s lowest-paid employees. But the dogmatism with which SLAM activists put forward their arguments has turned off many lefties who would otherwise be sympathetic to their cause. After all, SLAM has managed to alienate me, and I spent last summer working at a labor law firm whose head partner supports repealing the Reagan tax cuts...
Even before he speaks, Obama has registered considerably higher approval ratings in Muslim countries than his predecessors. A recent Gallup poll found 1 in 4 Egyptians now approves of the U.S. leadership. Governments in the Arab world have welcomed the new tone adopted by Obama in his early outreach efforts. "They are discussing issues, showing their concerns, but they also listen," Egypt's Foreign Minister Ahmed Ali Aboul Gheit said of Obama's team during a recent visit to Washington. "I think they are very much different from the Bush Administration." Last month, Jordan's King Abdullah II enthused...