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...barrel, the pinch of higher prices is being felt worldwide. In China, however, the impact of the hikes has been shortages at the pump, and tempers are running hot. Last weekend, a man was fatally stabbed in Shandong province after he jumped the queue at a local gas station. A second man in Henan province was killed in a similar incident Tuesday...
...social harmony, that isn't likely to happen soon. "Most of China's population simply can't afford international prices," Kwan says. Chinese drivers, of course, agree. "They could have at least been more patient," says Huang Youfeng, waiting in line to fuel his sedan at a Beijing gas station Thursday. "Start the increase at 0.2 renminbi [2.5 cents] per liter - it would have been more acceptable." The irony is that Chinese demand has driven much of the nearly fourfold increase in oil prices since 2000. The country is now the world's second largest consumer of oil products...
...report by consulting firm McKinsey & Co. estimates that "ending fuel subsidies worldwide would cut demand for transportation fuels by three million barrels a day" - about 3.4%. Meanwhile, the recent shortages have led at least one Beijing resident to rethink his personal fuel consumption. Stuck in line at a gas station Wednesday, Du Peng remarked, "Now I'll have to reconsider my plan to purchase...
...kind of online matchmaking service, helping to put would-be ownership groups together with promising thoroughbreds through a website that features photos and video clips of horses, detailed reports on their medical fitness, and results from time trials and races. "Our website is like a mini-TV station," says Dynamic Syndications managing director Dean Watt. "If you could put a smell through the Internet we would do it." Right now, though, few would want to be that close to an Australian horse. An epidemic of equine influenza has hit some 5,000 stables and breeding farms in New South Wales...
...money for official advertisements in the subdued national media.When compared to media-junkie Chávez, Kirchner is but an amateur. Even when busy with the project of modifying the constitution to allow for indefinite re-election, the Venezuelan president finds time to revoke the broadcasting licenses of TV stations opposed to his regime and be on the air every Sunday for his “Hello President!” show. On a regional scale, his ALBA alliance aims toward the integration of Venezuela into the Mercosur trade bloc and the creation of a Bank of the South...