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Petrol Price War As Sainsbury's Cuts Costs

Petrol Price War As Sainsbury's Cuts Costs

A burgeoning petrol price war has escalated after Sainsbury's became the third supermarket to cut fuel costs.

Asda triggered a petrol price war after cutting the price by 3p a litre
Sainsbury's petrol price cut of 5p a litre follows similar cuts by Asda and Morrisons

The store said it was cutting 5p a litre from fuel from Thursday for customers who spent more than £50 or more in its shops, in a promotion which will run for two weeks.

Asda began the price cutting by taking 3p off a litre, bringing the price of petrol down to 113.9p a litre and diesel down to 128.9p .

Morrisons swiftly responded by cutting prices by 4p a litre. Both companies said they were responding to a recent drop in the price of oil, which has seen the cost of a barrel drop from a peak of $147 to around $130.

Asda said all 170 of its petrol forecourts across the country would sell fuel at the cheaper price. David Miles, the store's trading director, said: "We are seeing a more stable reduction in oil prices, allowing us to pass on the savings to customers.

Morrisons group store operations director Mark Gunter added: "The cost of crude oil and refined product has fallen in the last few days and we are ensuring our customers reap the benefit by passing on the saving quickly, for cheaper prices at the pumps."

Tesco has already offered a five pence a litre discount to customers who spend £50 in its supermarkets and is now expected to match local branches of other supermarkets rather than lose business.

Edmund King, AA president, said: "Asda's petrol price drop is excellent news for UK motorists and we urge other fuel retailers to reduce their prices – and not only where they find themselves neighbouring an Asda petrol station.

"We have seen two drops in European wholesale fuel prices so far this summer with the UK motorist seeing next to no benefit. Since mid July the wholesale gasoline price has fallen 6 per cent and the AA expects fuel suppliers to pass on, not pocket, the saving for the good of UK families, hauliers and the economy.

"We will watch price movements like a hawk, and should fuel suppliers and retailers appear to be dragging their feet we will seek to expose this."

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Social Security Calculator

Social Security Calculator It's difficult to plan for retirement when you can't predict the precise amount of your Social Security checks. A new tool is available to more accurately estimate what your Social Security benefits will be.

Social Security Commissioner Michael Astrue unveiled a new online calculator yesterday. The Retirement Estimator allows you to test out retirement options such as various retirement dates or expected future earnings. You can also calculate what your benefit will be if you begin collecting at age 62, wait until your full retirement age, or further delay claiming until age 70. The future benefit amount is adjusted for inflation.

The online Social Security benefit estimates are tied to your actual earning record, so you have to enter a little bit of personal information. But the calculator replaces an older online calculator that required the user to type in a large portion of their earnings history, which was time consuming and difficult to do if accurate records of income were not kept. The new tool also one-ups the annual paper Social Security benefit estimate you receive in the mail, which is also based on your prior earnings but assumes that your salary stays the same until retirement. Benefit estimates will be more accurate for people closer to retirement age who can better predict their future earnings.

The new calculator follows a redesign of the Social Security Web page. In the fall, a new online Social Security application that will reduce the average filing time from 45 minutes to about 15 minutes will become available, Astrue says. "These initiatives will help us better handle the baby boomer wave and make it easier for the public to do business with us online."

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Empire Of The Sun

Empire Of The SunEmpire of the Sun is a 1984 novel by J. G. Ballard which was awarded the James Tait Black Memorial Prize. Although like Ballard's earlier short story, "The Dead Time," published in the anthology Myths of the Near Future, it is essentially fiction, like the earlier story it draws extensively on Ballard's experiences in World War II.

Ballard later wrote a sequel, entitled The Kindness of Women.


The novel recounts the story of a young English boy, Jim Graham (Ballard's first and middle names are James Graham), who lives with his parents in Shanghai. After the Pearl Harbor attack, the Japanese occupy the Shanghai International Settlement, and in the following chaos Jim becomes separated from his parents.

He spends some time in abandoned mansions, living on remnants of packaged food, but is soon picked up by the Japanese and interned in the Lunghua Civilian Assembly Center.

Although the Japanese are "officially" the enemies, Jim identifies partly with them, both because he adores the pilots with their splendid machines and because he feels that Lunghua is still a comparatively safe place for him in these times.

Towards the end of the war, with the Japanese army collapsing, the food supply runs short. Jim barely survives, with people around him starving to death.

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