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...than quadruple, to about 5 million bbl. daily, by 2015; Canada currently exports an average of 1.9 million bbl. daily (from all sources) to the U.S., more than any country, including Saudi Arabia. That's about 20% of total U.S. imports. "Canada has emerged as an energy superpower," says economist Peter Tertzakian of Calgary-based ARC Financial Corp., an energy-investment firm with a nearly $1.9 billion asset portfolio. He adds that going forward, 10% to 15% of the world's incremental oil production will come from Canada's oil sands...

Author: /time Magazine | Title: Well-Oiled Machine | 5/22/2008 | See Source »

With word that University President Drew G. Faust vetoed the appointment of the distinguished Berkeley economist Christina D. Romer, economics professors at Harvard and Berkeley expressed a combination of bewilderment and disappointment in interviews yesterday...

Author: By Shan Wang, CRIMSON STAFF WRITER | Title: Faust Vetoes Tenure Decision | 5/22/2008 | See Source »

...Many of us are outraged at the treatment of our colleagues, whom we admire enormously,” said Berkeley economist J. Bradford DeLong '82, who has also written widely in the field of economic history...

Author: By Shan Wang, CRIMSON STAFF WRITER | Title: Faust Vetoes Tenure Decision | 5/22/2008 | See Source »

...rest of the faculty at Berkeley are extremely delighted that Christina and David decided to stay,” said David E. Card, a prominent labor economist...

Author: By Shan Wang, CRIMSON STAFF WRITER | Title: Faust Vetoes Tenure Decision | 5/22/2008 | See Source »

...seminal PBS series Free to Choose, which aired in 1980 and may have helped set the mood for Reagan's victory, economist Milton Friedman argued that economic freedom was just as important as all those freedoms written into the Bill of Rights. This went on to become perhaps the most consistent theme of the Reagan economic era: giving Americans the freedom to succeed or fail on their own economically was a good thing. And it is probably a good thing. But not an unmitigated good. Economic security matters to Americans too. And finding ways to offer more...

Author: /time Magazine | Title: The New President's Economy Problem | 5/15/2008 | See Source »

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