Word: oiled
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...still dispensing cash, credit card offers keep arriving in the mail, and it's not even all that hard to get a mortgage - if your credit's okay and you can actually afford the monthly payments. There is less lending overall, and that depresses economic activity. But with oil prices dropping again today, the single greatest scourge of American consumers this year - the high price of gasoline - is due for a further pullback. In New York and a few hard-hit real estate markets, this is a big-time crisis, the biggest since the Great Depression. For the rest...
...oil company filed for bankruptcy protection after a court said it owed Pennzoil $10.5 billion in damages stemming from an earlier merger agreement. Texaco eventually paid Pennzoil $3 billion, emerged from bankruptcy after 361 days and later became part of Chevron...
...higher education to $36.9 billion from $34.9 billion last year. The fact that the endowment only increased by 5.7 percent was due to the highest spending from the endowment in Harvard history. The stellar returns were fueled in part by steep increases in commodity prices in areas such as oil, metals, and food. While Harvard invests only 8 percent of its endowment in this category, the value of these holdings jumped 35.8 percent in Harvard’s last fiscal year. While the returns fell far short of last year’s exceptional 23 percent growth, the gains still...
...registrations include work on a number of issues that have become flashpoints in the presidential campaign. He has registered to work on bills that deal with the regulations of troubled mortgage lenders Freddie Mac and Fannie Mae, a bill to provide farm subsidies and bills that regulate domestic oil-drilling...
...loud confrontations with Washington haven't been playing so well at home this year. Still, he has plenty of leverage: Venezuela is the U.S.'s fourth largest foreign supplier of oil, and Chávez has long threatened to cut off the flow if he were to find evidence Washington was moving to oust him - as he insists it did during a failed coup attempt in 2002. Regarding Duddy's expulsion, one Miraflores source points to the upcoming U.S presidential election and says, "We're taking these actions in large part because U.S.-Venezuela relations can't support the election...