Word: furthers
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In reality, with 64% of the world's reserves held in dollars at the end of last year - way more than in any other money - a move to a new reserve currency would be both time-consuming and complicated. And since China holds so many dollars, selling even a small...
Iraq remains enormously tantalizing for Big Oil, whose prospects for tapping huge new fields around the world are shrinking. The country's 115 billion barrels in proven reserves, most of it untapped, make it perhaps the last major oil territory yet to be spoken for. Engineers recently estimated that there...
Until now, major oil companies such as Chevron and ExxonMobil have stayed out of investing in the Kurdish zone for fear that investing there might prompt Baghdad to blacklist them from bidding for the far larger fields down South. But those fears have diminished as the stalemate in parliament over...
The High Court soundly rejected that argument. "Moral indignation, howsoever strong, is not a valid basis for overriding individuals' fundamental rights of dignity and privacy. In our scheme of things Constitutional morality must outweigh the argument of public morality, even if it be the majoritarian view," the court said in...
Some think the E.U. has to show some teeth to maintain its credibility. "The E.U. needs to show that its position is associated with the U.S., with its implicit threat of coercive action," says Daniel Korski, senior policy fellow at the European Council on Foreign Relations. Noting that Iran's...