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Electricity prices for consumers have been climbing steadily, and the populace hasn’t risen into open revolt?...
...Despite the crashing failure in 1958 of his first full-length play The Birthday Party (it was pulled out of a London theater after just four performances, following catastrophic reviews), Harold Pinter has risen to become perhaps Britain's most revered contemporary writer. That reputation started to build with his second full-length play, The Caretaker, an instant hit that ran for 444 performances and was quickly followed by international productions. Certainly he has attained the rare distinction of having merited an adjective in the Oxford English Dictionary - "Pinteresque: ... pertaining to, or characteristic of ... Harold Pinter, or his works...
...even with joblessness spreading and factories operating at just 77% of capacity--the lowest level in a decade--Shepherdson said consumers are growing nervous about future inflation thanks to soaring gasoline and electricity prices and a surprisingly strong housing market. "Surveys of consumers suggest that inflation expectations have risen quite substantially," he says. And he is concerned that the Fed's rate cuts could leave the impression that the central bank no longer fears inflation--a perception that could cause companies to agree to demands for big wage hikes...
...famously botched deregulation plan. California produces 13% of the U.S. GDP and could become a national crisis all by itself if energy woes drag it into a slump. Richardson chides President George W. Bush for refusing to put temporary price caps on wholesale electric rates in California, which have risen to an astonishing $1,900/MW-h, vs. a precrisis $30/MW-h. But even if there were such caps, the former Energy Secretary adds, this would be "a horrendous summer in the West...
...famously botched deregulation plan. California produces 13% of the U.S. gdp and could become a national crisis all by itself if energy woes drag it into a slump. Richardson chides President George W. Bush for refusing to put temporary price caps on wholesale electric rates in California, which have risen to an astonishing $1,900/MW-h, vs. a precrisis $30/MW-h. But even if there were such caps, the former Energy Secretary adds, this would be "a horrendous summer in the West...