Word: pumps
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Dates: during 2000-2009
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...week a jury ordered Philip Morris and R.J. Reynolds to pay $20 million in punitive damages to a dying ex-smoker who picked up the habit after the Surgeon General's warning began appearing on cigarette packs in the late 1960s. Warning or not, the juries have primed the pump and Big Tobacco is going to pay. The tobacco companies are already paying $246 million in an out-of-court settlement to the states for the health costs of smoking--with this ruling, any smoker could feel the legal costs are worth the chance at a day in court with...
...consider whether the city, which is hemmed in by a ring of strong suburban papers such as the San Jose Mercury-News, can in fact sustain two daily newspapers. If Hearst is forced to keep the paper, many expect the company to let it fold rather than pump in the resources necessary to keep it afloat. In fact, many question why Hearst has held on to the paper for so long. But then again, one has to remember it was the Examiner, once flagship of the Hearst Empire, that was the paper that put William Randolph Hearst...
...expect relief from higher gas prices any time soon, despite OPEC's agreement to raise output. The oil-producing cartel and its non-member allies agreed Tuesday on a 1.7 million barell-a-day increase in the amount of crude they pump, in response to pressure from the U.S. for a 2.5 million-barrel-a-day increase. "Washington was pushing for 2.5 million a day in the hope that it would bring quicker relief to U.S. consumers," says TIME senior business writer Bernard Baumohl. "Even an increase of 1.7 million won't bring U.S. energy prices down that much...
...there'll be an incentive for further oil exploration and to develop energy alternatives. But that incentive isn't there if they keep the price at the $25 level." And that's still 2.5 times the January 1999 price level, which means that even if the price at the pump falls, it won't be by much...
...administration for not doing enough to bring gas prices back down, the real news that nobody wants to share with the electorate is that if the U.S. is to ever even come close to meeting its commitments under the international treaty to combat global warming, prices at the pump may need to go up a lot higher than they have in recent months...