Word: crediteers
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That's because miners, farmers and oil drillers, hit by the credit crunch, can't finance investments that would increase their production capacity. Many won't invest today even if they have access to financing because depressed prices make projects uneconomic. Indeed, when prices spiked sharply in 2007-08, it wasn't because the planet was running out of natural resources. The problem was that there hadn't been enough investment in many sectors to produce those resources and bring them to market. The recession is making that situation worse. The amount of investment in the oil sector, for example...
...such a task, Brian finds himself carting the obese Mr. Lolly back and forth from the chiropractor. On the ride, Happy’s father makes a point about the interplay of chance and control in health and happiness. Speaking of a brain tumor he experienced, he takes full credit for ridding himself of cancer: “I mapped the pathology of the cancer with my mind—very Chinese. Then I moved it.” The film’s absurdity is perfectly exemplified in the scene that follows: a shot of Mr. Lolly coughing...
...percent, or almost $3.5 billion, allocated in 2008. Cummings will work with HMC’s head of external management, CEO, and real estate team to fill a “critical and strategic role” for the company “in light of the current global credit and real estate market environment,” according to a University statement. Jane L. Mendillo, President and CEO of HMC since last July, praised Cummings’ “depth of national and global experience,” “sharp eye for anticipating market trends...
...result, cadets and midshipmen are forced to trek to MIT several times a week in order to train, though they receive no credit for their classwork there. Moreover, several panelists said they had sometimes faced ostracism or even hostility from faculty and peers because of their participation in ROTC...
...Prompted by the 1969 storming of University Hall by student activists, the Faculty of Arts and Sciences took a strong stand against the Corps that year, officially requesting that the University refuse to grant credit from all ROTC courses. The University’s current relationship with the Corps was solidified in 1976, after a Faculty vote allowed cadets’ cross-registration at MIT, but without the possibility of credit...