In the early 1900s, there were more electric cars on the road than there were petrol (汽油) cars. At that time, petrol was 56. expensive compared with other fuels (燃料). 57. When petrol prices dropped and new technologies were developed, electric cars went out of fashion (过时). ...
PS. Real rates were also pretty low in the early 2000s, but the Fed has very limited control over real rates. The low real rates reflected some combination of low business investment (post-tech bubble), or high savings rates (in Asia?) I don’t have a theory as to what caused the ...
Sometime in the early 1960s, a significant thing happened in Sydney, Australia. The city discovered its harbor. Then, one after another, Sydney discovered lots of things that were just sort of there — broad parks, superb beaches, and a culturally diverse population. But it is the harbor ...
Dr. Gavin Schmitt, the head of NASA Goddard Institute for Space Studies, posted an even more recentassessmentof the state-of-the-art collection of climate models run in the early 2000s called CMIP3. He concluded, "The CMIP3 simulations continue to be spot on (remarkably), with the trend...
Jeff Derderian: We feel a sense of guilt about what happened in the sense that you carry the guilt of knowing that these people aren't here anymore, and these people are hurt for the rest of their life. … There isn't a guilt in terms of like, that we knowingly did this or ...
The early 2000s were a time of great music. Rap music, in particular, saw some of the greatest artistes reestablish themselves as stalwarts in the industry alongside new and emerging talent, making for an era that is, truly, musically unmatched. And amid all the global issues and individual...
Stone’s grandfather afraid of? A. Leaving his home. B. Parting from his son. C. Taking early retirement. 16. What does old age mean to many elderly Americans? A. Lack of moral support. B. Loss of self-worth. C. Change of living habits. 17. What will Prof. Stone talk about ...
8.THE year of 2014has been jam-packed with events good.bad.and ugly.But no matter what has happened.smart people have always been busy inventing.Here are some of the inventions of 2014that have helped to make the world better.smarter.and a little more
During the early-to-mid 2000s, the lending standards for some lenders became so relaxed that it sparked the creation of theNINJA loan: "no income, no job, no assets." Investment firms were eager to buy these loans and repackage them asmortgage-backed securities (MBSs)and other structured c...
In his book,Early Speculative Bubbles and Increases in the Money Supply, Austrian-school economist Douglas E. French writes that when the government prints money, interest rates fall below their natural rate. This encouragesentrepreneursto invest in ways that they otherwise would not, and fuels a...