Word: benefiter
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Your article highlights the obvious source of all religion: the human imagination. At its best, religion is applied for the greater good, to regulate society and provide simple rules that benefit the majority. At other times, and less happily, it is hijacked to further the greedy, political or capricious aims of the few. Understanding this basic principle - and that we all have a fundamental choice between tolerance and belligerence - would be a much needed step towards eliminating religious conflict, and with it, human suffering. Rik Hofland, MUSCAT...
...What if we took out all the traders who had nothing to do with the oil market? That would leave oil suppliers and oil hedgers: those trying to sell oil and those trying to buy oil, respectively. Suppliers benefit from higher prices and so would not be willing to sell. Hedgers, afraid of soaring prices, would buy oil futures, driving the price to unheard-of levels. Worse still, we would have to worry about the oil suppliers themselves getting in on the futures-price action. They can afford to take on huge risks in the oil-futures market because they...
...Another common misconception is that speculators only buy and hold assets. More accurately, speculators try to benefit from fluctuations in prices. In other words, speculators cannot profit from sustained high prices, only from changing prices. So, yes, the recent volatility in the oil market can certainly be attributed to speculation, but speculation cannot support an extended price rally. Major players like banks, on the other hand, are more than just pure speculators, having the resources to drive prices...
...There is no doubt that the banks and other speculators need accountability and transparency. But smaller speculators - like hedge funds and other trading firms - play a role in maintaining liquidity and reducing the impact that oil suppliers have in participating in the market. Those speculators might benefit from volatility, but without them there would be even more volatility, resulting from radically rising prices. (Read "Black Gold on the Last Frontier...
...process."The departures of these important staff allowed me to think holistically about how the student activities and residential life units were organized. I came to the conclusion that there was a lot to be gained by merging these two offices," Hammonds wrote. "The merger also has the added benefit of reducing inefficiencies in running two separate offices, and saving some funds—but saving funds was not the driver of the decision." Mitchell declined to say how much money is being saved through the restructuring.Many of the deans and staffers in ORL and OSLA were...