Word: perlis
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...growth. Inflation is perhaps the trickiest economic indicator to forecast: for example, over the past year, the ECB's staff has based each of its inflation projections on an assumption that oil prices will stabilize - and each time they have risen further, to a current level of around $140 per barrel, or double the price of a year ago. Western economies as a whole are far less dependent on oil than during the two big oil shocks of the 1970s, but with food prices also on the rise, the situation remains highly volatile. If inflation continues to soar, expect more...
...vetting process has three steps. According to-and this is per his request-the Brad Pitt of the Washington legal community, Phase 1 involves 30 to 50 potential candidates whose past public records and statements are researched. The people who make it through are then contacted by either the candidate or Mr. Pitt and asked if they want to be considered. Many say no, often because they know something will come out in the vetting process that they'd rather keep quiet. After a long pause, I said I'd like to continue...
...also insists it's moving to trim costs and adjust to the new reality created by $4-per-gal. gasoline, including selling its Hummer brand. GM has also suspended design and engineering work on its next generation of pickup trucks and sport-utility vehicles as it waits to see how the market will shake out. LaNeve said in a recent interview with TIME that capital spending was a key reason the Hummer had to go. With the market shifting away from trucks, GM felt it did not have enough resources to support four distinct truck brands, and the Hummer...
...them in remote spots around the world, and you could take care of the emissions from all the vehicles on the planet. And what do you do with the carbon you collect? For starters, you could sell captured greenhouse gasses to, well, greenhouses; farmers pay up to $300 per ton for the stuff to help plants grow. If the scrubbers were deployed on a grand scale, though, lakes of liquid CO2 would need to be pumped into deep underground reservoirs. A more exciting--if more remote--possibility is to combine CO2 with hydrogen and convert it back into fuel that...
...military muscle but drug money. Life in the Cordillera Occidental, where TIME recently spent three days with the 18th Front, revolves around cattle ranching and coca cultivation. The FARC collects what it calls "revolutionary" taxes from coca farmers and drug traffickers, both of whom pay a $90-per-kg duty on every sale and purchase of unrefined cocaine in that area. Similar tariffs nationwide - and ransoms earned from kidnapping - are said to net the FARC hundreds of millions of dollars a year. The Colombian government, as well as its allies in Washington, have long used the term "narco-guerrillas...