Word: oil
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Volatile energy prices are another worry. When crude-oil prices rise to $100 a barrel, for instance, UPS and FedEx both recover that increase through a fuel surcharge. "They essentially lose money on the way up but make it back on the way down," Ross says. "Longer term, though, higher prices hurt the consumer, and they will downgrade service...
...increasing tourism in the U.S., which could bring in $4 billion in new revenues and add thousands of jobs. The bill went down in flames last June after Senators from both sides of the aisle sank it with unrelated amendments on the auto bailout and a study on oil prices...
Still, it's nice to know McDonald's employs a dreamer. In addition to that endive salad, Coudreaut sautéed a very simple wild-salmon fillet for me - just salmon seasoned with salt and pepper and cooked in olive oil. Four ingredients. I asked why four ingredients couldn't work at McDonald's. Coudreaut thought for a moment and gave a half nod, half shrug. "Maybe five years from now," he said...
...wouldn't stand in its way. The referendum is also concentrating minds on both sides on resolving the issues at the heart of their long conflict. A process is under way to demarcate the border. And on the explosive question of how to divvy up the vast oil fields that straddle that frontline, the south's minister for presidential affairs, Luca Biong Deng, told the Financial Times this month that his government would continue to split oil revenues 50/50 with the north even after independence...
...firms have good reason to rush to Libya. The oil-rich nation is sitting atop a giant cash surplus, with foreign reserves of nearly $140 billion. Muammar Gaddafi, who has ruled Libya for four decades and was once described by Ronald Reagan as "the mad dog of the Middle East," has said he intends to spend a lot of that money overhauling his country's creaking infrastructure, which was barely updated through more than two decades of international embargoes. (U.S. sanctions were lifted in 2004 following Libya's abandonment of its nuclear weapons program.) (See pictures of Colonel Gaddafi...