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...While many of the factors that have caused the oil-price spike appear to be fleeting, there may be no respite from Chinese demand for the foreseeable future. The country's industrial base is gobbling up vast amounts of petrochemicals to make everything from fertilizer to Barbie dolls. The number of cars on mainland roads?about 20 million?is expected to increase by 2.5 million this year alone. Even if China's blazing GDP growth of 9.4% this year moderates to 8% in 2005, as the Chinese Academy of Social Sciences predicts, the country is now a permanent major player...
...Tarim Basin, considered China's last onshore region with major untapped reserves. The oil is thought to be of low quality, and moving it out of the isolated Taklamakan desert is just too expensive. "China's state-run companies sometimes operate for the national interest," says a Beijing-based executive of a foreign oil company. "But we have to base our decisions on profitability...
...agency with a mission as important as that of the Department of Homeland Security should be above the base politics of pork-barrel spending. While states like California and Florida stretch about $20 a head to secure their ports, tourist attractions, major cities and so on, the safety of the whole nation is put in jeopardy. Alaska should not be the only place in America where it is possible to feel that the government is doing its best to keep citizens safe...
...worrying where Basayev will strike next. Basayev, a short, wiry 39-year-old, comes from a land famed for its anti-Russian insurgents. In the 19th century Imam Shamil, with whom Basayev shares a first name, led a decades-long revolt against the Czar. Russian forces finally captured his base in Dargo in 1845, but only after a disastrous campaign in which they lost 3,900 men, three generals and all of their supplies. Today, Vedeno is once again famous for a rebel named Shamil. No one expected the young Basayev to follow in his namesake's footsteps. Basayev...
Sabermetricians, like all statisticians, must base any projection on large amounts of reliable data, which are difficult to accumulate for Ivy League players. Their seasons are shorter and the quality of competition compared to major college conferences is lower by some difficult-to-quantify amount...