Word: pauls
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...demand factors, but are caused by the ways in which oil is traded, say some experts, who recommend the introduction of mechanisms designed to prevent speculators from plunging into markets and withdrawing billions of dollars just as suddenly. "The prices are being largely made in the paper markets," says Paul Stevens, energy analyst at the London think tank Chatham House. "People are moving in and out of the market on a daily basis." The market is especially open to speculation since oil is traded in futures on the New York Mercantile Exchange, where traders are betting on what oil will...
...that the environmental community is pleased with President-elect Barack Obama's newly appointed green team would be an understatement. "You see this smile on my face?" asked Paul Woods, CEO of the biofuel start-up Algenol, giving a tour last week of one of his firm's field laboratories in Florida. "It's not going away. Everyone is really excited by this...
...acting. He made himself nearly unrecognizable - put on maybe 40 lb., studded his face and body with the scars of war - to play a has-been fighter hoping for a last shot at the big time. It's the kind of punishment that won kudos for Lon Chaney and Paul Muni in the old days and helped Robert De Niro to an Oscar in Raging Bull playing Jake LaMotta. (He got himself into fighting shape, then he gained a ton of weight! Acting!) One more because: Rourke does strong, sensitive work here, which will cheer his old-time admirers...
Though a Boston businessman named Charles Ponzi was the scam's namesake, he wasn't its original practitioner. According to Mitchell Zuckoff, a Ponzi biographer, the reigning king of the "rob Peter to pay Paul" scam was a New York grifter named William Miller, who bilked investors out of $1 million - nearly $25 million in today's dollars - in 1899. After drumming up interest by claiming to have an inside window into the way profitable companies operated, Miller - who earned the nickname "520 percent" due to the astonishing rate of return he promised investors over the course of a year...
...Staff writer Paul C. Mathis can be reached at pcmathis@fas.harvard.edu...