Word: april
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...neither will Exxon. Down the road a few kilometers from Syncrude's Aurora mine, at the company's corporate headquarters, Tom Katinas has been shaking things up since he arrived from Exxon, based in Irving, Texas, in April 2007. "In the past, people came in at the bottom and worked their way to the top," says Katinas from his fourth-floor corner office, in a Sopranos-style drawl that reveals his Brooklyn roots. "There weren't enough new ideas...
...could that passion for real estate also drag the nation down? After trebling in the decade to last October, the average U.K. house price fell for the sixth straight month in April, according to Nationwide, a British residential lender. At $354,000, that price is 1% lower than it was a year ago, marking the first annual fall since 1996. Banks, still nervous about lending to one another following the collapse of the U.S. subprime market, are being no less careful when it comes to their loan customers: tougher lending criteria and higher mortgage rates have discouraged British house hunters...
...series of interest-rate cuts by the Bank of England since December has so far failed to tame mortgage interest rates; the average rate on a two-year fixed deal with a modest deposit rose to 6.94% in April from 6.6% the previous month. Annual inflation in the U.K. hit 3% in April, well beyond the government's 2% target, making further cuts soon highly unlikely. The central bank offered in late April to swap around $100 billion of lenders' old mortgage debt for safer government bonds, but the effect on the housing market has been muted. "It certainly...
...they are moving in Obama's direction, both because the outcome is no longer in doubt and because no one wants to be the last to come on board. Party fund raisers started this process last week; others will follow in the next two weeks. The intramural animus of April and early May could seem like ancient history by late June...
Residents of the impoverished and enormous Shi'ite warren in east Baghdad have been under siege since April, when Iraqi security forces backed by American troops began clashing in the area with fighters from the Mahdi Army militia led by cleric Muqtada al-Sadr. For weeks gun battles and air strikes came almost every day in Sadr City as soldiers and militiamen faced off in a stalemated battle at the edge of the district, which is the Mahdi Army's stronghold. A hastily arranged truce between Iraqi Prime Minister Nouri al-Maliki and Sadr halted the fighting last week. Under...