Word: shorting
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Dates: during 2000-2000
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...Suddenly I was cool. In Los Angeles these days, going on strike is about the grooviest thing you can do short of wearing a hip-hoppy knit winter cap while lifting weights at Crunch next to Tobey Maguire. L.A.'s bus and rail operators have been on strike for about three weeks now in protest over the Metropolitan Transportation Authority's plan to eliminate some work rules and reduce overtime pay. The actors' unions recently set a record with the longest strike in Hollywood history, over pay for commercials. And already the Screen Actors Guild, the American Federation of Television...
...GORE'S SHORT-TERM...
Most experts say tapping the reserve is likely to drive down the price of oil--which is determined as much by speculation as by supply--in the short term. (By the end of last week the price had already dropped to $32.65 per bbl., from $37.20 last Wednesday.) The tax credits should help lower the price of heating oil this winter, and the low-income funds will ease the burden on some families...
...producing countries cut back supply in response to the U.S. release, they will wipe out its impact. Bush maintains the reserve should be used only in a true crisis. He agrees that the government should help low-income elderly with their heating bills, but he proposes no other short-term way of bringing down prices, other than to argue that he would be more effective than Clinton or Gore at persuading "our friends overseas" to lower oil prices...
...digital music in the late '90s that was going largely unfilled. Before Napster, downloading music was so cumbersome it was mostly relegated to college students with access to fast pipes and techno geeks sufficiently driven to search the Net for the latest Phish bootlegs. The digital-music standard MP3, short for ISO-MPEG Audio Layer-3, was developed by German engineering firm Fraunhofer IIS back in 1987 as a way of compressing CD-quality sound files. The technology made it possible to take songs from a CD and "rip," or convert them into MP3 files, usually in violation of copyright...