Word: spigots
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...warming the planet and scrambling the climate. We're also conducting what climatologist James Hansen has called a "vast uncontrolled experiment." In effect, we're on our way to engineering a world very different from the one we were handed. Belatedly, we're trying to turn off the carbon spigot, hoping that by incrementally reducing the emissions we've spent a couple of centuries pouring into the air we can stop the climate slide before it's too late...
...such sentiment holds, it is unlikely that North Korea's saber-rattling will scare Seoul into making new concessions or opening the aid spigot anytime soon. For now, frustrated South Koreans seem content to wait until North Korea shows some signs it is more willing to cooperate. Kim Jong Il "is like a frog in a well living in his own world," complains Kim, the retiree. "If he opens up, the North Koreans would be better off, and we would be better off, too, but he doesn't seem to understand that." Until he does, the conflict on the Korean...
...evaluate existing plans before adding new ones. But it isn't just officials in Berlin who might spend time in Halle seeing what an injection of money can and can't do to a local economy. Governments from the U.S. to China - anyone who believes that opening the fiscal spigot can stave off disaster, and especially those who think that public spending can polish up rustbelt cities like Detroit or Harbin - would be advised to take some east German lessons. (See pictures of Detroit's decline...
...price index has shed more than half its value since mid-2008. The most visible turnaround has been in oil. A year ago, Western governments were pleading with Persian Gulf oil states to ramp up production as oil sped toward $150 a barrel; today, OPEC is twisting off the spigot in an attempt to support crude prices around $50. Some experts believe prices may stay depressed for years to come, due to greater energy efficiency, technological improvements in oil production and greater availability of alternative fuels like biofuels...
...Australian nickel mine only eight months after it officially opened. The most visible turnaround has been in oil. A year ago, Western governments were pleading with Persian Gulf oil states to ramp up production as oil sped toward $150 a barrel; today, OPEC is twisting off the spigot in an attempt to support crude prices around $50. The International Energy Agency expects oil demand to fall this year at the steepest rate since the early 1980s. Some experts believe prices may stay depressed for years to come, due to greater energy efficiency, technological improvements in oil production and greater availability...