Word: oiling
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...Days after that first failed encounter, Browne and his polo teammates returned to Pusey’s office. A Texan oil driller named Hap Sharp had donated six of his trade-out ponies to Harvard and dropped them off at Boston South Station for pick-up. “These belong to you—not to us,” Browne recalls telling Pusey as they handed him a telegram from Sharp. “They belong to Harvard.” In 1968, polo was recognized as an official Harvard club sport...
America's favorite pasttime has more than its share of beloved traditions: pine tar and linseed oil, chewing tobacco, the infield-fly rule. But few are as hallowed as the singing of "Take Me Out to the Ballgame" during the seventh-inning stretch by stadiums full of musically challenged, slightly boozy baseball fans. And the song itself, like the tradition, has surprisingly deep - and equally loony - roots. (See the 10 worst ceremonial first pitches...
...gringo Fourth Fleet for help to defend your port.' HUGO CHAVEZ, Venezuelan President, referring to the U.S. naval group while taunting a governor and political rival; Chvez ordered his navy to seize seaports in Venezuelan states with major oil-exporting installations...
...example, that buys shirts and dresses from China can now use its local currency, the ringgit, to pay for its purchases. Because it no longer has to pay a bank a fee to convert ringgit into dollars, transaction costs are reduced. Similarly, a Chinese company buying Malaysian palm oil can make its purchases in yuan. (Read about the economies of South Korea, Taiwan, Hong Kong and Singapore...
...been throughout the world, from North Korean souvenir shops to Ethiopian bazaars, for the past six decades. Government officials measure the health of national economies by how many dollars are stashed away in their central-bank vaults. The international prices of everything from crude oil to cocoa beans are denominated in dollars. The dollar is a universal medium of exchange because it is liquid, readily available and backed by the largest economy in the world. There has been little reason for global commerce to function any other way. (See pictures of the global financial crisis...