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...prices in recent months have galloped ahead of their worst predictions. Says Oswald Clint, a London-based analyst for Sanford Bernstein: "A year ago, our predictions for November 2007 were about $50 to $62 dollars a barrel" - at least $35 short of Tuesday's price. The oil-research firm predicts that expanded production will bring oil prices back to $70 a barrel by 2010. But to Birol, that sounds optimistic...
...feel like the reason I’m going into real estate was because of an experience I had working on a design for a building in San Francisco,” Chen says of his summer at an architecture firm between high school and college, “when the client said, ‘I don’t like your design, I’m going to switch over to another firm’. Just like that. That’s what drove me to be on the owner’s side.” Money...
...looking to build that empire,” says Fang. Harvard’s lack of pre-professional concentrations allowed Fang to study history as an undergraduate and still keep an eye out for finance opportunities. A summer job at Merrill Lynch led to an offer from the firm in his senior year. “I got into my thesis and didn’t have time to think about e-recruiting, so I took it. And, you know, it’s not actually been that bad. I might stick around...
Michael D. Smith faced more than a difficult market when he moved into the basement of his wife’s brokerage firm to start up a computer security business. First a steam pipe in the ceiling broke, flooding the basement with scalding water. Then the sewage backed up into the office. “When you start a company, you find space wherever you can, no matter how disgusting and smelly it is,” Smith says of the business, Liquid Machines Inc., which has grown from two to 60 employees since it debuted six years...
...sort of leisure class mania. In this atmosphere of intense competition, the college admissions game has been transformed into an industry. Students are sent off to preparatory programs, and their parents drop thousands of dollars on private SAT tutors and college consultants. Ivywise, a New York-based college consulting firm, charges anywhere from $1,000 for a one-time consultation to $30,000 for a two-year 100-hour program. The company promises pleasing results: 75 percent of its clients go on to attend Ivy League colleges. Ivywise provides a slew of standard services like scheduling students’ testing...