Word: risen
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...increases act like a stiff tax increase, pulling money out of consumers' pockets and reducing their ability to buy other products. A rule of thumb is that an annual increase of $8 per bbl. in oil prices reduces economic growth 1 percentage point a year. But petroleum has already risen more than that, and subtracting a point from growth leaves almost nothing. So if prices stay put, says a Bush Administration official, "growth is going to be a giant goose egg for the year. A big fat zero...
...year ago to about $13 per bbl. currently, the average price of regular unleaded gas has declined only about 4 cents per gal., to $1.08. The main reason gas prices have lagged behind the fall in crude is a shortage of U.S. refining capacity. Demand for gasoline has risen in recent years, but new refinery construction has been hampered by environmental protests and changes in tax laws. As a result, refineries have been reaping fat profits, a growing portion of which is heading overseas. That is one reason why Washington's deficit cutters will feel more inclined to look...
Tomorrow's Germans may not be "longing" for a nuclear status symbol any more than today's are. They may have followed the example of Japan, that other phoenix risen from the ashes of World War II, and learned to be an economic superpower without wanting, or even needing, commensurate military might. But like everyone else, the Germans will certainly want safety. They will want to know who is going to deter whatever threat they still feel from the missiles and bombers of others...
...half still reliant on the presence of 43,000 U.S. troops. But the old reasons for these alliances are fading. The Soviet Union is no longer eager -- or able -- to finance the aggressive extension of communism by its satellites, and communism itself is a dying ideology. South Korea has risen from the ashes to become an economic powerhouse capable of assuming most of its own defense against a diminished threat from the North. Yet the U.S. is still there. In the new world order of the 1990s, will transformation come anytime soon to North and South Korea? And what would...
...dusk fell over the Appalachians in eastern Ohio. By 11 p.m. 5 1/2 in. had pounded the foothills and cascaded into the hollows. In Shadyside, a village of 4,300 people along the Ohio River, residents were unaware that in the darkness a 40-ft. wall of water had risen in Wegee Creek, which is usually ankle deep, and was rolling toward them. It hit with enough force to knock frame houses off their foundations, carry mobile homes downstream and buckle the concrete walls of a tavern. One patron was carried away by the water; another survived by clinging...