Word: crude
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...beginning of July, just five months ago, the price of a barrel of was more than $140. By the beginning of December, it was down to about $45. That's a drop of more than two-thirds. In the U.S., we consume about 15 million bbl. of crude a day. The saving of $95 per bbl. adds up to more than $500 billion a year. That's big - enough to bail out the auto industry 15 times...
...money back to people by lowering the payroll tax. The payroll tax, or FICA, collects about 15% of your wages or salary - half from you and half from your employer. It is expected to bring in close to a trillion dollars in 2009. Using our windfall from plummeting crude-oil prices alone, we could cut the FICA tax by more than half. Including other forms of energy would bring in even more. (See pictures...
...questions, he admitted that he had undergone stomach stapling to lose more than 50 lb. His most serious challenge, however, has been to establish a political identity for himself separate from his famous father. Earlier this year, he publicly criticized his father after the elder Jackson made a crude comment about Obama that was caught by a TV camera. Even during Wednesday's press conference, the younger Jackson tried to distinguish himself from his father, saying it was Obama who inspired him. "I got the idea that if a skinny kid with a funny name could be President...
...with bank stocks dropping more than 17% on average. Shares of Citigroup, Merrill Lynch, Bank of America and Wachovia all fell more than 20%, largely erasing last week's financial-stock rally. Shares of oil companies fell sharply as well on Monday, as the price of crude sank to $49.28 per barrel, a decline of more than 9%. (See the Top 10 Wall Street Meltdowns...
...switched sides after realizing justice was on the rebels' side. Then a rag-tag thief and a former Mai Mai militiaman were also wheeled out before the crowd to testify that his old group was to blame for looting and attacking civilians, not Nkunda's men. If anything, such crude attempts at image management only enhance Nkunda's poor reputation. Asked about how he viewed the one million refugees and humanitarian crisis that his campaign had helped create, he replied: "This is war. We are fighting. People are fearing. Of course." Asked whether he would march on Kinshasa, the rebel...