Word: oiling
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...than the U.S. government offers. And China already makes more lithium-ion batteries - the energy-dense technology key to new electric cars - than any other country on the planet. "This is a priority for the Chinese government," says Kelly Sims Gallagher, author of the book China Shifts Gears: Automakers, Oil, Pollution, and Development. "They see it as a pathway to a more energy-secure future...
...race for the next great technology to the Chinese, they should be. On Aug. 5, U.S. President Barack Obama announced a long-awaited $2.4 billion in government grants to support the manufacture of electric cars and batteries. "I don't want to just reduce our dependence on foreign oil and then end up dependent on foreign innovations," Obama told an audience in the economically depressed state of Indiana. "I want the cars of the future and the technologies that power them to be developed and deployed right here, in America." U.S. automakers will need to move fast - China is already...
...indices—reversing its earlier decision to sell the two million shares it had in the fund as of last September. Other investments of note include over $55 million in an ETF tracking Russian indices, and multi-million dollar repurchases of shares in mining giant BHP Billiton and oil and gas producer China National Offshore Oil Corporation. While the value of Harvard’s equity investments has increased, it remains modest compared to where it stood last September, when the University had nearly $3 billion invested in 213 public equity holdings. Jane Mendillo, president...
...Martin Luther King, Jr. had their baseball echo in Roberto Clemente’s death in 1972, which served as an explosive punctuation mark at the close of the “60s” and ushered in the era of what-do-we-do-now malaise, stagflation, oil shocks and Nixon’s demise. Finally, the economic boom of the 1990s and early 2000s had its home-run kings, whose singular ability to hit balls farther and more frequently than any players before captured the hearts and minds of fans and, while the balls kept flying, obscured...
Former President Mohammad Khatami stated that his greatest economic failure during his tenure was not reducing the massive subsidies the Iranian government spends to keep gas prices low. Every year, his government had to draw millions of dollars from Iran's special "rainy day" oil revenue reserve fund in order to pay out the subsidies. By 2003, the leaders today associated with the ongoing Green Movement opposition - Khatami, Mehdi Karroubi and Ali Akbar Hashemi Rafsanjani - all supported rationing gasoline in order to reduce domestic consumption and government expenditure...