Word: pennington
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...child growing up in Pennington, N.J., Fareha Ahmed watched Bollywood videos and enthusiastically attended the annual Pakistan Independence Day Parade in New York City. By middle school, though, her parents' Pakistani culture had become uncool. "I wanted to fit in so bad," Ahmed says. For her, that meant trying to be white. She dyed her hair blond, got hazel contact lenses and complained, "I'm going to smell," when her mom served fragrant dishes like lamb biryani for dinner. But at Villanova University in Philadelphia, Ahmed found friends from all different backgrounds who welcomed diversity and helped her, she says...
...Extreme Makeover: Home Edition and Oprah's giveaways and crusades was Three Wishes, in which Christian-rock singer Amy Grant bestows largesse on needy people every week. Time was, the occasional celebrity like Audrey Hepburn would lend her profile to a cause. But Grant and Makeover's Ty Pennington are a distinct kind of charitainment star, celebrities whose good deeds are their chief claim to fame. Their shows aim not just to solve personal problems (help autistic kids, build a school library) but also to salve the nation's wounds (build houses for soldiers in Iraq, give a new start...
...investment in exploration and production will lead to greater supply in coming years. "There's more than enough reserve base," says Craig Pennington, energy analyst at Schroders. By 2010 crude will average $36 per bbl. as new technologies and new fields in formerly unreachable regions of Russia and the Middle East add more than 3 million bbl. a day to global supply, he predicts...
Buffett is in no rush, though, and you shouldn't be either. Wait for energy stocks to come down another 10%. What looks best? Pennington favors refiners like Valero and Marathon, which he believes will be running at full capacity for the next five years. He also likes natural-gas firms such as Quicksilver and Nabors because he expects natural-gas prices to trend higher even as oil falls. Natural gas is more difficult to transport. It will take years to build enough transportation capacity to meet demand without higher prices in the U.S., where gas fields are losing steam...
...First Lady Laura Bush is going to guest-star on a special edition of Extreme Makeover: Home Edition. She'll be helping rebuild a shelter in Biloxi, Mississippi, and applying oils to [host] Ty Pennington's chest...