Word: reasonableness
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...form of battery-charging stations, to support pure electric models. Electric cars now coming to market are also expensive, costing more than $20,000 even with the subsidy, a stiff price in a country where the annual average income is less than $10,000. That's part of the reason that BYD, since introducing a hybrid electric in December, has sold just 80 of them. CEO Wang Chuanfu expects that BYD will lower the price to about $16,000 as the company scales up production. BYD also makes small gasoline-powered cars and is having no trouble selling them...
...when it comes to making internal-combustion engines, but the playing field for all-electric vehicles is very nearly level. With a concerted push, the Chinese could leap ahead of the rest of the world. Reilly agrees that Beijing means what it says about boosting the technology. For that reason, he says, "we ought to be very serious about our competitors here in China...
...Behind Act has led to steady if modest improvement in education performance (especially among minorities), which is needed to prepare Americans for the 21st-century jobs that will lead us out of recession. Private health care and Medicare benefits also increased substantially under President Bush. Incidentally, they are the reason that wages, which are only part of employee compensation, were supposedly stagnant under his administration. Productivity expanded, in part because Bush avoided dangerous policies like card-check, which President Obama, in the middle of a recession, now foolishly advocates. Finally, the administration’s efforts on climate change resulted...
...spent 40 years interacting with these so-called students—an aspect of the university I have never understood. Now, in my golden years, I ask nothing more than to relax without the incessant chatter of young ’uns, brimming with energy for no explicable reason. They will arrive, seeking pleasure on a Saturday night, and might even take sherry to the point of wooziness: for shame! They will then slur their speech and stumble about in an unrefined manner. An utter disgrace to this university! These troublemakers remain out until all hours of the night...
...Fitch, Inc., follows a “corporation-paid” model, in which the corporation issuing a security pays for Moody’s to rate that security. This creates a conflict of interest. Since rating agencies want to keep a steady flow of business, they have good reason to overrate securities and make their customers—the issuers—happy. Indeed, rating agencies in the past have given collaborative feedback to issuers to such an extent, some argue, that their ratings were no longer objective...