Word: prices
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...McCain himself and another, by Senator Joseph Lieberman and John Warner, that has made it past the Senate's environment committee.) Like Obama and Clinton, and increasingly most mainstream environmentalists, McCain wants to let the private market do the work of cutting emissions, by effectively putting a price on carbon dioxide and thus incentivizing industry to find a way to use less of it. "What better way to correct past [environmental] errors than to turn the creative energies of the free market in the other direction?" McCain said Tuesday. "In all its power, the profit motive will suddenly begin...
...same is happening today with China, although mostly at the other end of the price and technology scale. Despite all of the babble about the supposed "junk" exported by China, I don't think too many Americans are sifting through the shelves at their local Wal-Mart and tossing aside products labeled "Made in China." The fact is that Chinese-made clothes, shoes, toys and appliances are cheap and for the most part of good enough quality for Americans to choose to buy them...
...strength than the arms of the moribund Russia Army. But even the rattling of a rusty saber served the political point of reminding NATO-friendly neighbors like Georgia and Ukraine, as well as other ex-Soviet Republics, who is still the big guy on the block. Still, with the price of bread and other foodstuffs skyrocketing, there was some grumbling about the circus. The popular Moscow daily Moskovski Komsomolets calculated that the cost of today's military parade could have bought the city of Moscow 25 badly needed new nursery schools...
With oil bumping pushing past $120 a barrel, you can bet you could hear a pin drop in the room. But what exactly was he talking about? Iraqi Shi'a militias invading Kuwait and Saudi Arabia, burning their oil fields, driving the price of gasoline up to $10 a gallon and us into a depression? Crocker wouldn't elaborate on his vague warnings, preferring to leave it at a sense of dread...
...course, Buffett will be gone, but he has already lined up a group of (so far unnamed) people to take over. And if there is anything Buffett has taught, it is that you invest in the company, not on the news. The day Buffett dies or retires, the stock price will probably fall, says shareholder Carl Hagberg, who plans to do as Warren would: "I'll be calling my broker to buy more...