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...regardless of the intentions of politicians, subsidies and price controls tend to produce unintended consequences. They distort normal consumption patterns and subvert the law of supply and demand. When oil supplies are low and crude prices rise, consumption falls, bringing prices back down as demand and supply balance out. But if consumers are insulated from the market, paying an artificially low price for fuel, they tend to use as much or even more - which strains supplies further and forces oil prices even higher...
...Western compatriots, normally so skeptical of the media, seemed to buy this depiction of China. Friends would tell me in low, excited tones that they were going to China. Would they be arrested? No, I would say: Chinese criticize the government all the time...
...solve the energy crisis, Jeffrey D. Sachs says President George W. Bush "dithered for eight years instead of investing in new technologies for a sustainable planet" [June 9]. This year alone, the Bush Administration will dedicate more than $5 billion to research, develop and promote technologies including low-emission coal, renewables, nuclear power and vehicles powered by advanced biofuels, electricity and hydrogen. More than $40 billion in loan guarantees will help put such technologies to use. The President's 2009 budget calls for nearly $1 billion in public and private investment for the world's most ambitious program to demonstrate...
...primed the market), the company has done nothing but grow. With factories in Arizona and Germany and another being built in Malaysia, First Solar should be producing 1 gigawatt of solar power yearly by the end of 2009. "They've fully overcome the technological barrier with large production and low defects," says Rhone Resch, president of the Solar Energy Industries Association. "Their plants are fully automated--it looks just like a silicon-chip factory...
...weight-lifting gym. Taped to a wall nearby are rows of so-called self-criticism essays that the girls have written assessing their own performances. "I must try much harder," says Cloud's paper. "I do not want to disappoint." Some practice rooms are lit by just one low-wattage bulb, while the dormitories reek of urine and sweat. There isn't a blade of grass on any of the school's athletic fields. Not that we are allowed to photograph anything the propaganda director considers "inferior aspects" of the school. Other aspects deemed unfit for photography include tattered wrestling...