Word: deposit
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Dates: during 2000-2009
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...country's energy fortunes? The answer can be found 700 miles north of Montana near a onetime frontier outpost in Alberta called Fort McMurray. At Syncrude Canada's North Mine, a huge open pit nearly two miles across and 250 ft. deep, giant shovels scoop out a petroleum-soaked deposit called oil sand that is beginning a long journey from here into the gas tanks of American cars. The region contains enough of the crude mixture to produce an estimated 175 billion bbl. of oil, eight times the known deposits of conventional crude...
Before you conclude that the moral of this story is that Canada is just lucky to have the stuff, read on. For the U.S. has vast quantities of a similar deposit called oil shale, a claylike rock soaked through with fossil fuel. In fact, at least 1 trillion bbl. of it, or four times Saudi Arabia's oil reserves, is locked up in the mountains 200 miles west of Denver. The U.S. spent billions of dollars to figure out a way to mine the stuff, then gave up and walked away. Why Canada has succeeded at creating a homemade source...
...economy continues to recover, interest rates and prices are likely to rise. But there are ways to limit inflation's bite. Last week LaSalle Bank rolled out the first inflation-protected certificates of deposit. The five-year CD yields 1.5%, the 10-year 2.5%. The rates trail those of regular CDs, but the principal values change on the basis of inflation. Another new offering: corporate bonds from Household Finance that pay interest at a rate pegged to the consumer price index. The bonds, which are riskier than those issued by the government, yielded 4.71% last week. Brokerages like Charles Schwab...
...other bidder, Cambridge-based Oak Tree Developers, met the monetary requirement in its plan to build condominium units—but failed to send in a deposit, as required...
...fact, Mike got some good news last week. The main witness against him in Senate hearings had been his godson and former messenger, Eugenio Mahusay, who testified that he was frequently sent to the bank to deposit and withdraw large sums from an account the First Gentleman controlled under an alias. But it turned out Lacson may have been duped by his star witness. Mahusay, who under Lacson's care had retreated to a hotel outside Manila (the Senator, a former national police chief, said he had Mahusay in "protective custody"), soon changed his tune. At his next court appearance...