Word: investements
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...July 13 Iran's Oil Ministry announced that it had China's agreement to invest about $40 billion in refining Iranian gasoline. The deal would include financing the major new Hormoz refinery in southern Iran, which will be able to produce about 300,000 bbl. of gasoline and kerosene a day once the four-year construction project is completed. China would also overhaul Iran's aging Abadan refinery in the south so that its production could increase by 29%, according to Iranian oil officials, who provided no deadline for that project. (See pictures of the plainclothes terror of the Basij...
...recently suspended exports of gas for a brief while, according to the Paris-based International Energy Agency. "If you really want to use effective sanctions, then you want to cut off gas imports," says Erica Downs, China energy fellow at the Brookings Institution in Washington. "If the Chinese do invest $40 billion and dramatically increase Iran's refining capacity, it would definitely weaken one of the weapons in the U.S. arsenal...
...these trade schools are not. But there's a good reason why Obama calls community colleges "one of America's underappreciated assets." They set up their alumni for about a 30% earnings premium compared to high school grads, give a 16% return on every dollar state and local governments invest in them and are one of the best tools we have to pull ourselves out of the recession. In short, as Obama noted at Macomb, "community colleges are an essential part of our recovery in the present and our prosperity in the future...
...running TV ads skewering any proposed deal. In June Rio Tinto's shareholders backed out, arguing that the company's recovering stock price allowed them to consider other offers. In the end Australian-British mining giant BHP Billiton stepped into the breach. (Read "Another Deal Blown, Where Will China Invest...
...death industry has fiercely resisted. Tom Dart, sheriff of Cook County, which includes Chicago and Alsip, observes that manicurists and barbers must endure more regulatory hurdles than most cemetery operators, including its managers and groundskeepers. Illinois, like many other states, is empowered to protect only the money that families invest in burial lots - fees intended for cemeteries' long-term maintenance. In many states, there is no single agency, government or independent, that keeps up-to-date records of how many human bodies are buried or cremated on a cemetery's grounds or the names of the buried...