Word: oiling
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Although “Oil Empire” is a work of scholarship, Frank didn’t intend for it to be a book that only scholars would read. For her, the key to writing and teaching history is to find out how it matters to people who are interested and intelligent but not experts...
...characters was interested in the oil fields of Galicia, and I wondered if that was a complete fabrication,” she says...
That’s because Galicia of the Austro-Hungarian Empire, now a region split between Poland and Ukraine, is not exactly known for its oil reserves. By 2005, careful research and writing turned the question into an award-winning book, “Oil Empire: Visions of Prosperity in Austrian Galicia.” She discovered that an oil boom had occurred in Galicia during the 19th century, but overeager extraction of the resource spurred by a lack of government regulation led to a shortage of oil in the empire by World...
...Singapore, it seems, is suffering somewhat less than it appears. Unlike the U.S., where companies slash jobs at the first sign of financial trouble, many of Singapore?s largest companies are controlled by the government. Retrenchments at such government-linked giants as offshore oil rig builder Keppel Corporation, shipper Neptune Orient Lines, or DBS Bank are considered a last resort, after pay cuts, reduced employer contributions to retirement funds, and unpaid leave. A spokesperson for Singapore Airlines, for example, confirmed that in early April roughly a tenth of the airline's 14,000 employees had agreed to take unpaid leave...
Though Correa has cajoled oil companies to hand over a bigger share of revenue to the government and pressured banks to cut interest rates, Ecuador - unlike Venezuela and Bolivia - hasn't nationalized industries. Indeed, Correa does not shy from development that irks his presumed base of support. A workaholic micromanager who peppers his ministers with cell-phone calls, Correa backed new legislation designed to develop untouched deposits of gold and copper, angering indigenous groups and environmentalists. Communists rail against his introduction of testing of public-school teachers. "Correa isn't stupid," says analyst Margarita Andrade at Analytica Investments in Quito...