Word: benchmarking
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...market reacted immediately and forcefully to the new plan, which calls for OPEC to reduce its production by roughly 3.5 million bbl. a day, down to a daily total of about 16.7 million bbl. The price for next month's delivery of the benchmark West Texas Intermediate crude jumped 30% in two days, to $15.08 per bbl. and closed the week at $14.82. Boasted one OPEC official: "We have weathered the storm. Talk about OPEC on its knees? We are standing tall again, and we are here to stay...
...costs the University less to put all the assets in external management and performance is no good, that doesn't prove anything," says Cabot. While a majority of investment managers underperformed the Standard and Poors index of 500 stocks this year, Harvard's stock portfolio outperformed the market benchmark, says Cabot...
...witnessed this "great communicator" utilize (and exploit) media technology to his advantage and to the nation's spiritual and ethical demise. Lebanon, Grenada, Nicaragua, favorable tax status to racist schools like Bob Jones University and a benign neglect for those social, medical and cultural programs which serve as the benchmark of a just, compassionate and enlightened society come to mind when I read of President Reagan's refusal to speak at the Harvard festivities. It is ironic that Charles, the Prince of Wales, should be appearing at this event--symbolic of America's self-determination to govern itself and create...
...Mani Said al-Oteiba, the Oil Minister of the United Arab Emirates. He declared OPEC--the Organization of Petroleum Exporting Countries--to be in disarray and predicted that prices could fall as low as $5 per bbl. His remarks helped send the price of West Texas Intermediate, a benchmark crude, tumbling to $9.75 per bbl. Tuesday on the New York Mercantile Exchange...
...risk of inflation has been sharply reduced, however, by the huge drop in petroleum prices. Last week the price for next-month delivery of West Texas Intermediate, a benchmark crude, closed at $16.01 per bbl., compared with $31.72 in November. Rimmer de Vries, chief international economist for Morgan Guaranty Trust, expects prices to average about $18 this year and next...