Word: pumping
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...bucks ($8 billion this year and $1 billion in each of the next five years) began this week. States like Florida are vying for big chunks of it - not only as free funding for a traffic decongestant they thought they couldn't afford, but also as a high-tech pump primer for the kind of higher-wage jobs that low-wage economies like Florida's need. Current Florida governor Charlie Crist, who has angered conservatives in his Republican Party by embracing Obama's overall stimulus program - and who has reversed much of Jeb Bush's antigovernment agenda - said recently that...
...poor family, you can’t go back,” said Olson, who identified with Falcone because of their common blue collar, Minnesota roots. “Because of that, he had the drive to succeed...He said something like, ‘I can always pump gas back in Chisholm...
...fought tougher regulations by arguing that Americans tend to prefer larger, gas-guzzling SUVs and trucks. That's not always true: when gas prices were at an all-time high last summer, sales of SUVs were down considerably, while hybrids flew off dealer lots. Since then, prices at the pump have dropped - and so has the appetite for small cars. As long as the price of gas remains volatile, it's far from certain that Americans will buy the more efficient cars and trucks the new standards will require automakers to produce. In the long run, though...
Storage tankers across the globe may be brimming with oil that no one is buying because of the global economic downturn, but the traditional laws of supply and demand don't always apply to oil prices. Drivers have faced rising prices at the gas pump in recent months, as investors and oil-producing countries hoard supplies in anticipation of a global economic recovery later this year...
...trouble with the stimulus packages in the U.S. and China is that eventually the efforts of governments to prime the pump run out of money and economic activity has to stand on its own. For China and the U.S. the end of that support means very different things, but the are inextricable connected. China's stimulus package is aimed at driving business activity and consumer spending within the nation's borders. But, if demand for its exports does not return soon, the most critical aspect of its GDP growth will still be in an anemic state. Alternatively...