Word: oiled
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...national government unhindered by destabilizing rivalries. Zardari's reversal of a promise to reinstate judges dismissed by Musharraf last fall led Sharif's party to drop out of the coalition government, taking with it the highly regarded Finance Minister, Ishaq Dar. The economy, already burdened by skyrocketing food and oil prices, collapsed, and there was a run on the stock market, which had been one of the best-performing in Asia...
...most from this deal? The big beneficiaries were the owners of the $5.3 trillion in Fannie and Freddie bonds and MBSS. Therein lies a fascinating, and disturbing, story. For years, the governments of countries that have run big trade surpluses with the U.S.--mainly Japan, China and the oil exporters--put their excess dollars into Treasury securities. When budget surpluses from 1998 to 2001 began to shrink the supply of Treasuries, foreign governments looked to Fannie and Freddie debt as an alternative. When the U.S. returned to deficits in 2002, they kept buying Frannie debt because it paid higher rates...
...England, our placenames are imported from Old England or cribbed from indigenous tongues. Here, rural idiosyncrasy spattered the map with enough wild suggestions to drive the amateur adventurer on a thousand elliptical side trips. Near Climax is Distant. A bit south are Muff and Echo. Elsewhere, places like Oil City, Coal Township, and Lumberville hint at vanished economic powerhouses. A few of these names belong to town centers equipped with American Legion halls and post offices. Most just indicate lonely crossroads...
...parried questions like a fencer. Pressed about her lack of foreign policy experience, she pivoted to her work on oil and gas policy, calling energy "a foundation of national security." Asked if she'd ever traveled outside the country before her trip last year to Kuwait to visit U.S. soldiers, she spun around to call it a trip of a lifetime, since it also included visits with wounded soldiers in Germany - a stop the McCain campaign repeatedly charged Obama with refusing to make during his trip overseas in July. Asked if she'd ever met a head of state...
...Palin seemed eager and defensive in some answers, more comfortable in others. (The former, for instance, when trying to steer a question about foreign policy toward an answer about oil and energy policy; the latter when talking about, well, oil and energy policy.) She made a point of answering quickly and resolutely even if resorting to boilerplate, as if her mantra for the interview was - as she said twice when asked if she had any doubts about her readiness to be Vice President (or President) - "You can't blink...