Word: bidding
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...good year for the Harvard women’s basketball team. The squad brought back yet another Ivy League title to Cambridge, earning a bid in the NCAA tournament against the defending national champions. As the ’07-’08 campaign began, the Crimson returned four of five starters from its title squad, and was expected to wreak havoc on the Ivy League just as it had a year before...
...Wednesday afternoon, on the New York Mercantile Exchange, a single trader bid up oil until it finally hit the price we'd all been waiting for: $100 a barrel. Driven by trends both short-term (political instability in Africa and speculation) and long-term (voracious new demand from China and India), oil has quadrupled since 2003, doubled since the beginning of 2007 and now reached triple digits for the first time since it began trading on the exchange began...
...others are spoiling for a fight. "My dream is for Asia to have her own Christie's and Sotheby's," says Daniel Komala, CEO of Jakarta-based auctioneers Larasati. He says that the firm will open salesrooms in Hong Kong, Amsterdam and Dubai within five years. Bangalore-based Bid & Hammer plans to open offices in Dubai and New York City this year...
...Even so, the new Asian auction houses must allay a couple of concerns. The first lies in the area of authentication. Some firms invest heavily in expertise - Bid & Hammer has Sotheby's former head of South Asian art on its staff, as well as a historian. But most of the new firms simply cannot match the seasoned in-house proficiency of Christie's or Sotheby's. Borobudur, for example, refuses to handle Chinese porcelains because, Andreas says, "we don't have the experts...
...church in the country's west after they had sought sanctuary there from a mob infuriated over the allegedly stolen vote. The victims in the city of Eldoret were from the Kikuyu tribe, which makes up about 22% of the country and backed President Mwai Kibaki's bid for a second term. Kibaki had claimed victory by a margin of a little over 200,000 after several suspicious moves appeared to erase his rival's huge lead in the count...