Word: soon
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Some economists worry that the clunker program borrowed sales from future months, so we'll soon be hit with an ugly payback. I think that the payback-factor predictions for this program have been greatly exaggerated. I would argue that hundreds of thousands of potential new car buyers actually postponed buying a car within the last year due to economic uncertainty, and some of them ended up buying within the last few weeks due to the CFC program. That is, it motivated people to buy who had not been planning to do so, which means there shouldn...
...Soon after the first long-distance pipelines were laid in the Northeast in the late 1870s and early 1880s, the first oil tankers were allowed to pass through the Suez Canal, and the modern shipping system was born. Today crude oil travels in tankers that can carry up to 4 million bbl. With daily world demand at about 85 million bbl., petroleum represents about a third of all international cargo. And even though the commodity is also measured in kiloliters (in Japan) and metric tons (in Russia), thanks to whiskey, the units are always converted to the 42-gal. barrel...
Despite the danger, Yemen isn't about to go cold turkey anytime soon. Not only are most of the country's leaders landowners deeply involved in khat production, the leaf may be one of the few things still holding Yemen together. Says Ashraf Al-Eryani, one of GTZ's local program officers, "Khat plays a big role in keeping people calm, and keeping them off the streets. But it's also delaying change. It's hard to convince people...
...have described the character as "white, dorky" and speaking "mangled Japanese." The chair of the Foreign Residents and Naturalized Citizens' Association of Japan, Arudo Debito - a naturalized Japanese citizen born David Aldwinckle - has officially protested the Mr. James campaign with a letter to McDonald's Corp. headquarters in Illinois. Soon after the ads started to roll out, somebody set up an "I hate Mr. James" Facebook group, which now has 67 members. (See the top 10 tasteless commercials...
...officials are to meet with representatives of Britain and the U.S. next week to discuss what remains to be done in order to have the sanctions lifted. Even though Libya has the backing of the Arab League in demanding an immediate end to sanctions, don't expect any movement soon. For one thing, the Libyans want to wait until Megrahi's appeal is over before considering compensation - and that'll be just fine with the West. Ghaddafi's neighbors may begin simply ignoring sanctions as they have been doing with Iraq, but it could still be years before the West...