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...approximately $200 million from HMC, which has owned the forest estate since December 2003. The government land, initially sold to a group of investors in 1996 for $1.3 billion, was purchased by Harvard for roughly half that amount seven years later. The 1997 Asian financial crisis had put a dent in timber prices, contributing to the investors’ financial woes. According to the initial purchase agreement, Harvard owns cutting rights in the forest, but the government retains ownership of the land, which is expected to eventually be ceded to Maori Indian tribes. The timber is grown on a managed...
Student volunteer groups who rely on the Red Line to reach their service sites are worried about red ink early next year. The agency that runs the T is hiking its fares, and that could leave a dent in service organizations’ budgets...
...make his point, returning each time for a higher salary and a tad more creative input. He left Warners again in 1936 and put himself on the open market. Though Cagney was a major star, the big studios stayed away from him, fearful that if one actor could dent the system, anarchy would ensue. He made one picture for tiny Grand National, but it was unable to secure bookings with the major theater chains - which were owned by the studios! He went back to Warners and stayed there well into...
...teaches at Simmons College in Boston, Mass. "The amount of explosive you need is really very small," Abuza notes. "It doesn't take much to bring a plane down. And the return is huge. They are targeting the global economy and this remains a huge way to make a dent very quickly by disrupting business and tourism." He and other experts warn that bombs on airplanes will always remain one of the most tempting targets for terrorists, who have killed almost two thousand passengers over the last three decades...
...booming economies of China and India are often credited with vacuuming up the world's oil, though American motorists are still high on any petroleum producer's list of best customers, with the run-up in pump prices hardly having made a dent in the summer driving season. As demand has surged, supply has not kept pace (hence higher prices), largely because not enough extra production and refining facilities have come online. That gap makes the market especially sensitive to any loss of supply, even the relatively modest 400,000 barrels a day that came from Prudhoe...