Text 4 Penny-pinching consumers and fierce price wars are bad news for the travel industry. Bad, that is, for everyone except the booming online travel giants. Consider the sharp rebound of such online players as Travelocity and Expedia. While they suffered in the wake of the September 11 terrorist attacks, with bookings off as much as 70%0 in the weeks that followed, business has snapped back. "The speed with which those businesses bounced back surprised even the people most bullish about the sector," says Mitchell J. Rubin, a money manager at New York-based Baron Capital, an investor in online travel stocks. The travel industry’s pain is often the online industry’s gain, as suppliers push more discounted airline seats and hotel rooms to win back customers. And many of those deals are available only online. At the same time, online agencies rely primarily on leisure travelers, where traffic has rebounded more quickly than on the business side. The tw
A. skeptical.
B. doubtful.
C. optimistic.
D. shocked.
Text 3
When the Federal Communications Commission proposed giving low-power radio stations licenses on the FM dial, they knew they’d get flak from big broadcasting. The National Association of Broadcasters (NAB), after all, ’spends millions of dollars every year lobbying to keep everybody else off the radio spectrum—even locally managed, noncommercial stations that broadcast only within a four-mile radius. Sure enough, when the FCC proposed its new regulations, the NAB began screaming about all the terrible things those tiny radio transmitters could do to the big ones, whose signals are 500 times as strong and whose reach is nearly 20 times as far.
It was a pretty thin argument. So thin, in fact, that for a while if appeared the proposed regulations might survive the lobbying onslaught. And then the FCC and its allies ran into a most unlikely opponent, one with the moral authority to do real damage to their cause: National Public Radio. On
A. backers of commercial radio
B. National Public Radio
C. large radio stations in the U.S.
D. companies which produce large radio transmitters
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