Word: pump
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...Asian country that has resisted any major easing of price controls. China has raised the retail price of diesel and gasoline by just 9% since January 2007. (Over the same period, the price in the U.S. has jumped 77%.) Observers say China will probably stand pat at the pump until after the Beijing Olympic Games in August. That could keep Chinese happily burning the midnight oil - and keep global oil prices high, since growing demand from China has contributed significantly to crude's price run-up in the past few years, according to economists. It's too early...
...McClatchy Newspapers who was traveling aboard his plane asked him about a particularly toxic bit of hearsay that was zooming around the Internet about his wife Michelle. Obama lost his cool. "We have seen this before. There is dirt and lies that are circulated in e-mails, and they pump them out long enough until finally you, a mainstream reporter, asks me about it," Obama said, bristling. "That gives legs to the story. If somebody has evidence that myself or Michelle or anybody has said something inappropriate, let them...
...didn't do so well. Old soldiers still grimace when recalling the military highlight of that presidency: 1980's failed mission to rescue U.S. hostages in Iran. The Desert One fiasco killed eight U.S. service members, doomed Carter to lose to Ronald Reagan later that year and primed the pump for Reagan's military buildup...
Americans wincing over paying four dollars a gallon at the gas pump ought to meet John Gwat. The taxi driver in Cameroon's capital is paying six dollars a gallon, but in a country where the average monthly wage is about $180 - approximately one-tenth of the average American income. And like American consumers, there's precious little that Gwat and other taxi drivers here can do about the gas prices at the gas pumps. "At the end of the month about a quarter of the cars are just parked on the streets, because no one has the money...
...dependent on imported fuel. President Paul Biya, whose 22-year rule has endured almost unchallenged, passed along the cost of the global increase to his country's drivers. Biya was more careful than some of his Western counterparts, however, in choosing his moment to raise the price at the pump: The announcement, in mid-February, coincided with the semifinal of Africa's huge soccer tournament, the Nations Cup, in which Cameroon defeated the host country, Ghana. Cameroonians poured into the streets to celebrate the victory. Amid the raucous partying and the suspense over the impending showdown against Egypt...