Word: oiling
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Dates: during 2000-2009
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...what are the sages saying now that 2010 is just around the corner? Plenty. Next year we'll see oil hit $90 a barrel (per Goldman Sachs), unemployment peak at 10.5% (Fitch Ratings), the value of the dollar with respect to the euro and yen hit bottom (Deutsche Bank), 10-year Treasuries yield more than 4% (Bank of America Merrill Lynch) and small-cap value stocks outperform all other categories (Richard Bernstein Capital Management). As for the stock market more broadly? Strategists at UBS expect gains well into the double-digits. The CEO of PIMCO sees a 10% drop...
...finally drawn to a tentative close. The U.S. announced it would pay $3.4 billion to settle claims that it underpaid beneficiaries and mismanaged revenue from land it holds in trust for more than 300,000 Native Americans under an 1887 law. (The government oversees leases of land for mining, oil and gas drilling, livestock grazing and other uses.) The Federal Government also agreed to create a $60 million higher-education scholarship fund for Native American students. President Obama called the proposed settlement in Cobell v. Salazar--one of the largest and most complex class actions ever brought against the government...
...shareholder proposals that Harvard considered this year dealt with oil and gas corporation Exxon Mobil...
Earlier in the decade, the CCSR recommended that the University divest itself of stock held in PetroChina Company and Sinopec Corporation due to concerns about the oil companies’ ties with the Sudanese government and the ongoing Darfur humanitarian crisis in the country...
Destabilizing is right on one count. Yemen is already reeling under the converging crises of lawlessness, growing poverty, a water crisis, a looming al-Qaeda threat, a southern separatist movement, and oil reserves that are quickly running dry. Indeed, analysts cite this multiplicity of factors as presaging Yemen as a failed state. "I think the major challenge for Yemen is really economic development," Yemeni Foreign Minister Abubaker Abdullah Al-Qirbi told TIME. "It could be a failed state in some aspects, certainly, if it doesn't get the support it needs...