Word: dollarize
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...Texas oilmen flaunted their new wealth: "[O]ne oilman wore a hundred-dollar bill as a bow tie; when asked, he would take it off and throw it in the air, then tie another. Another took to riding a pet lion to meet the mailman; yet another tried in vain to keep penguins in a walk-in freezer. One wrote Pablo Picasso asking to buy ten paintings; he didn't specify color or type, just the size of his wall. A Houston oilman's wife wrote to the Smithsonian to ask whether the Hope Diamond was for sale. Then there...
Since then, future oil prices have come closer together, averaging just over a dollar between contract months over the next year, or slightly more than the $1.02 per barrel per month price tag that Morgan Stanley had reportedly been negotiating in mid-January. The apparent correction is unlikely to have been caused directly by an institution like Morgan Stanley, but instead by a perception among traders that the average $1.25 spread between monthly contracts is reasonable. Of course, leasing a tanker is an extreme measure of storage, and the cost of storing at a more traditional location is much lower...
...anyone who lives in Louisville has updated their status to talk about what they've seen, or to tell people where they're staying." As the week-long waiting game continues, Schuster says it's the small miracles that are still making people smile: "My roommate works at a Dollar Store, and they've moved the microwave up front so people without power can come in, buy frozen meals, and then cook and eat them right there, on the spot...
...This isn't just the first test, it's the biggest. Trillion-dollar legislation doesn't come along every day, and the hard choices are not just what we spend money on but how, at what speed, toward which priorities. Is getting a bad bill quickly really worth it? Is taking more time to get it right really so risky...
...Mexico's cultural diversity. Demonizing arranged marriages is the latest portrayal of Indians as savages that has continued during five centuries since the Spanish conquest, says Ximena Avellaneda of the Rosario Castellanos Women House. "Why do Americans attack an arranged marriage between Triquis and say nothing about million-dollar marriage contracts between Hollywood stars?" she says. "Relationships between teenagers are also common in many communities, not just among indigenous people...