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...wide in search of food. The insect's small size frees it from the need to compete with many larger animals for a place in the environment; its simple physiology enables it to endure conditions that kill other animals. Some insects can survive temperatures as low as ? 30?? F, or as high as 120?...
...sulfur oil was selling for $2.23 per bbl. The Libyan government asked for a moderate 10¢ per bbl. increase, but a group of Western oil companies offered only 6¢. Led by Colonel Gaddafi, the government struck back by cutting production by 25% and lifting the posted price by 30??, to $2.53 per bbl., the largest increase in Middle Eastern history until then. Most of the oil-company chiefs agreed to stand together and resist the rise, but Armand Hammer, chairman of Occidental Petroleum, capitulated...
Factors other than earnings can also affect the price of a stock and wildly distort P/E ratios. Aerovox Corp. earned a grand total of less than 30?? per share in the last four quarters, but its stock still sells at about 13½ per share, giving it a P/E of 50, because it is in a growth industry?electric and electronic components. Though Superior Oil earned only $1.06 a share in 1971, it sells at a ratio of 251, largely because the market places a high value on its enormous reserves of oil in the U.S. and Canada. Only investigation...
...rehabilitation is rare. By and large, mere aging is the main cause of going straight. For inmates between the ages of 16 and 30???the vast majority ?neither the type of prison nor the length of sentence makes any significant difference. The repeater rate, in fact, is rising. Something is clearly wrong with a system that spends $1 billion a year to produce a failure record that would sink any business in a month. Consider a random sample of prisons from the worst to the best...
...computer program] and flying manually over the rock field to find a reasonably good area." The crisis emphasized the value of manned flight. Had Eagle continued on its computer-guided course, it might well have crashed into a boulder, toppled over or landed at an angle of more than 30?? from the vertical, making a later takeoff impossible. Said a shaken Paine in Houston's Mission Operations Control Room: "It crossed my mind that, boy, this isn't a simulation. Perhaps we should come back for just one more simulation...