Word: perlis
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...will be paid off not in cash but in crude--300,000 bbl. a day from the huge east Siberian oil fields. That's about 4% of China's current demand for crude oil. Over the 20-year life of the deal, Beijing will effectively be paying about $20 per bbl. With oil expected to return to $70 or $80 per bbl., it could be the steal of the new century...
Since Harvard students are so well trained to question their established modes of thinking, here’s something to chew on. Although we may spend more hours per day studying at Lamont than sleeping, books can’t teach us everything. Reading, writing, and struggling through problem sets help us to think critically, but they’re not enough—students need more than just texts to analyze or numbers to crunch...
...even gracing the airwaves of “El Rushbo,” that could be the first truly bipartisan achievement of the Obama era: a payroll-tax holiday. Some proponents suggest a year or two (more like a payroll-tax sabbatical), but, at a cost of $100 billion per month, we’re probably talking more in the nature of one of those European holidays—i.e., a month...
...original START treaty opted for the former approach, setting absolute limits of 6,000 warheads and 1,600 intercontinental ballistic missiles, submarine-launched ballistic missiles and bombers per side. But the most recent nuclear-arms-control agreement, the 2002 "Moscow Treaty," settled on the more nebulous measure of "operationally deployed warheads" (of which both sides are allowed 2,200). That way of counting, which the Russian government and some American arms-control advocates now oppose, measures only the number of nuclear weapons on the tips of long-range missiles or on bomber bases. Most long-range missiles are capable...
...Under the latest reforms, annual health care subsidies will increase from about $12 per person to $18. But while the coverage may approach universality throughout China's population, experts say that the country will still have to work on providing quality care. "There remains the challenge to improve access to high quality care," says Barber. "Once patients have access to health services, it is essential to ensure that the quality of health care is high and qualified staff are available...