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...Economists note that at least part of China's soaring demand comes from its artificially low prices. Together, the Chinese and Indian governments provide suppliers about $15 billion a year in subsidies. A recent report by consulting firm McKinsey & Co. estimates that "ending fuel subsidies worldwide would cut demand for transportation fuels by three million barrels a day" - about 3.4%. Meanwhile, the recent shortages have led at least one Beijing resident to rethink his personal fuel consumption. Stuck in line at a gas station Wednesday, Du Peng remarked, "Now I'll have to reconsider my plan to purchase...
...making money," says Peter Ong, chairman of the Tung Wah Group of Hospitals, which oversees Hong Kong's Even Centre gambling-addiction program. The American Psychiatric Association classifies pathological gambling as an "impulse control disorder," along with kleptomania and pyromania. But throughout Asia, it's considered harmless entertainment. Low-stakes mah-jongg tournaments are a fixture of practically every Chinese family gathering - even at funerals. "In Western culture, people go fishing and have other hobbies," says Elda Chan, a certified gambling counselor and supervisor of the Even Centre. "In Chinese culture, people go gambling...
...massive gap between rich and poor is imperative. The calculation is not just political - the nuclear agreement stalled because the left-wing parties that support the government do not want to deal with the U.S. - but brutally practical, too. Singh has said India's greatest threat is that its low-level insurgencies will turn more deadly. India will be a true success when those in the quiet columns of dignified marchers know that its prosperity extends to them...
...used the service. The University and HSA drew ire from some students when they contracted with the service again this summer. Creamer said after the problems in 2006, HSA changed the administration of the program, realizing more oversight was needed. He said the number of problems was very low this year. “It’s just trying to rebuild our reputation with the campus,” Creamer said. “I think that we really do offer a great service and its bizarre that we’re not given enough credit and students seem...
...design a machine that would allow kids to connect wirelessly to the Internet without an outside source of electricity, and that would be rugged enough to function in often harsh conditions. Prototypes of the laptop (dubbed XO) - with built-in video and audio, a hand-crank and low wattage requirements - are getting high marks from technology reviewers. Some 8,000 units are up and running in pilot villages from Cambodia to Uruguay. But perhaps an even more difficult task was to generate enough mass interest in the project to allow the computer to be produced on such a vast scale...