Word: oiling
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...says he eats only one meal a day, and always without meat, before adding, "I start out with a coffee in the morning, then five or six beers during the day, maybe some Jägermeister, and then at 6 I make a healthy meal of vegetables in olive oil...
...collected or created himself. Selling for just over $400 was a French translation of Charles Dickens' Great Expectations, whose character Pip Marceau, fused with Charlie Chaplin's screen persona, was inspiration for the French mime's Bip. The biggest take of the day was a 1960 portrait in oil of Marceau by André Quellier titled Bip and the Masks, which went for $24,300. (Watch a video on Dickens' world...
...Ambulance drivers do it. Even fighter pilots do it. Around the world, millions of people use the global positioning system, or GPS, to know where they are and where they're headed. The satellite-based navigation system has become an indispensable tool for everyone from cell-phone manufacturers to oil drillers, which explains why a government report on GPS released this month prompted a tide of concern. The Government Accountability Office warned of "significant challenges" to maintaining the system at full strength beginning as soon as next year, due to technical problems and delays in a $5.8 billion plan...
...Kudrin said that even a 5% budget deficit - lower than Medvedev's new prediction - would be enough to exhaust the government's $113 billion Reserve Fund, which is generated mostly through oil and gas export revenues. But he said that since the government is tightening spending and basing its budget on "conservative" oil price forecasts of $50 a barrel in 2010, $52 in 2011 and $53 in 2012, he believes the fund could begin replenishing itself as early as in 2011. Part of the reason for Russia's current predicament is earlier over-optimistic estimates for oil revenues, which make...
...Vladimir Osakovskiy, strategy and research head at Unicredit Bank, "The major message was that in the future the government will develop the budget using conservative oil price estimates. What we're seeing right now is an effort to clean up the mess." And what analysts will be eyeing with increased interest in coming months is whether the differences over the budget mark a new stage in Russia's most important political relationship: the one between Medvedev and Putin...