Word: dorados
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...King and scores of his classmates for whom college was financially improbable if not impossible had their horizons raised in a span of seconds last month when Murphy Oil Co., which is based in King's home town of El Dorado, Arkansas, changed the landscape of their future. "The El Dorado Promise," as the company calls it, promises each of the town's high school graduates annual grants of up to $6,000 (the amount is calibrated according to their length of residency in the city) for as many as five years of post-secondary education in institutions anywhere...
...wildest dreams I cannot imagine what the impact will be," says Larry Walter, principal of El Dorado High School. If its 320 seniors include some scions of old oil money, there are also "kids who simply could not afford to go to college, and others who were limited in their choices" because of the expense involved. For example, there is one gifted young woman whose family's resources could not accommodate her dream of Notre Dame - until now. "Another six thousand dollars a year - that makes it possible," Walter says...
...Murphy, a $9 billion exploration and refining company, has remained in El Dorado (pop. 22,000) even though the south Arkansas oil fields were largely pumped dry decades ago; the company's 2006 revenues of $14 billion and after-tax earnings of $600 million derive from its wells in Africa, Asia, the North Sea and Canada, as well as the Gulf of Mexico. That it has prospered as El Dorado struggled spurred Murphy to action, says chairman and CEO Claiborne Deming. "This not a booming metropolis by any stretch," Deming notes, alluding to the toll that lumber imports have taken...
...There is college money available already but only to an extent," says longtime El Dorado High counselor Becky Ward. "Students may not be where they need to be, either academically for a scholarship or financially for an aid package. A lot of them are caught in the middle. We've had bright youngsters with enormous potential who had no option but to go to work. I don't think some people understand that...
...cannot be trusted. From the beginning, the White House ignored experienced military leaders and drastically miscalculated the number of troops necessary to achieve our goals. Congress should study the President's proposal hard. Without a vastly superior plan, we are sending only more American targets. Mitchell J. Fine El Dorado Hills, California...