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...invested his father's oil money in a myriad of ways, many ill-fated: "[C]lint sank millions into deals on handshakes, on napkins, at urinals, risking vast amounts on investments he seldom too time to study...A solid 8 or 10 percent bored him. By the mid-1970s, he simply couldn't be bothered with any investment that didn't promise tripling his return or more. Ttere was the ten million he threw away on an Oklahoma plant that was to convert cattle manure into national gas. Clint named it the Calorific Reclamation Anaerobic process, CRAP for short...

Author: /time Magazine | Title: The Big Rich | 2/2/2009 | See Source »

Since then, future oil prices have come closer together, averaging just over a dollar between contract months over the next year, or slightly more than the $1.02 per barrel per month price tag that Morgan Stanley had reportedly been negotiating in mid-January. The apparent correction is unlikely to have been caused directly by an institution like Morgan Stanley, but instead by a perception among traders that the average $1.25 spread between monthly contracts is reasonable. Of course, leasing a tanker is an extreme measure of storage, and the cost of storing at a more traditional location is much lower...

Author: /time Magazine | Title: How Citigroup Makes Hay in the Oil Market | 2/2/2009 | See Source »

...personal best in the high jump with a 1.86-meter leap—improving from 1.85, which she set earlier this year at the Harvard Open. Christensen’s jump cleared the NCAA automatic qualifier, which guarantees that she will be competing on the national level in mid-March in College Station, Tex.“I was really happy that I was able to jump really well,” Christensen said. “I had my good mark from our second meet in December, but it makes me feel really confident that I didn?...

Author: By Dixon McPhillips, CRIMSON STAFF WRITER | Title: Individual Highlights Mark Full Day of Competition | 2/1/2009 | See Source »

...trying to stay aggressive and take what the defense gave me,” Lin said. “They had to respect [junior forward] Doug [Miller] down low and had to respect our shooters so the mid-range was wide open and I was able to find a rhythm and take advantage...

Author: By Ted Kirby, CRIMSON STAFF WRITER | Title: NOTEBOOK: Strong Individual Performances Can’t Tame Tigers | 2/1/2009 | See Source »

...bank's deal, the government agreed to pick up nearly $100 billion in losses. That hasn't stopped the bleeding at Bank of America, either. Bank of America stock, like Citigroup's, has continued to fall. The company's shares closed on Friday at $6.53, down from $7.18 in mid-January when it announced its deal with the government...

Author: /time Magazine | Title: Will More Loan Guarantees Save the Banks? | 1/31/2009 | See Source »

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