Results tagged “diesel”

• Rockets could lose Yao for season or more [Yahoo! Sports] "As the NBA draft approached, the grim truth about Yao Ming’s(notes) broken left foot hung like an anvil over the Houston Rockets. The fear isn’t that he’s just lost for next season, but longer. The Rockets and Yao’s reps are frightened over his future, and the concern is the most base of all: Does Yao Ming ever play again?"
• Kobe Bryant Conquers China [WSJ] "One of the great curiosities in modern sports is the Chinese people’s lavish affection for Kobe Bryant. During last year’s Beijing Olympics, he was greeted with a rapturous reception and mobbed everywhere he went. He appears in commercials and on billboards, has a popular Web site and had a reality show on Chinese television. He sells more NBA jerseys there than Yao Ming. On Tuesday in Los Angeles, the love affair will reach a new level. Not only is Mr. Bryant accepting an award from the Asia Society for his work as a “cultural ambassador,” the ceremony will be attended by Liu Peng, China’s Secretary of Sport and a member of China’s Communist Party Central Committee."
• The strange, underground world of Chinese counterfeit cigarettes [Slate Magazine] "Ringed by thickly forested mountains, illicit cigarette factories dot the countryside, carved deeply into caves, high into the hills, and even buried beneath the earth. By one tally, some 200 operations are hidden in Yunxiao, a southwestern Fujian county about twice the area of New York City. Over the last 10 years, production of counterfeit cigarettes has soared in China, jumping eightfold since 1997 to an unprecedented 400 billion cigarettes a year—enough to supply every U.S. smoker with 460 packs a year. Once famed for its bright yellow loquat fruit, Yunxiao is the trade's heartland, the source of half of China's counterfeit production."

Effective today, China will raise gasoline and diesel fuel prices 16 percent and 18 percent, respectively, news that sent global oil prices down nearly US$5 a barrel. Electricity prices are also expected to rise sharply. Reuters offers a poorly displayed chart that shows China's domestic gasoline prices, fixed since November 1, have climbed 95 percent and diesel prices have more than doubled since 2003. Retail fuel prices in China are expected to increase to $3.05 per gallon for gas and $3.31 for diesel. Says the New York Times, "Costlier fuel and electricity could prompt businesses and individuals across China to use less of it, slowing somewhat China’s voracious increase in oil consumption in recent years as well as its steep rise in emissions of global warming gases." [Sources: AP, Reuters, LAT, NYT, CNN]

A month after the tragedy in Sichuan you’d be forgiven for feeling a little compassion fatigue. Whilst the focus of the recovery process has changed from the desperate speed of the first few days, there is still a lot of work to be done repairing damage both physical and emotional.