Word: pointings
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...Technically, NYMEX has placed limits such that no one firm can control more than 20 million bbl. of oil. Then again, a previously unknown energy-trading company called Vitol controlled 11% of the open interest on NYMEX at one point last summer, which amounted to four times that. Around the same time, SemGroup, a large oil-distribution company, filed for bankruptcy after losing $2.4 billion on a short position that also dwarfed the supposed limit...
...surprise, then, that most Israelis have been up in arms ever since Sarkozy, the leader of a country historically hostile to Jews and currently critical of the Jewish state, demanded that their leader, the intrepid Benjamin Netanyahu, fire their Foreign Minister, the highly controversial Avigdor Leiberman. They have a point. After all, who is France to tell them—or, for that matter, anyone—what to do? For a president of one democracy to meddle in the internal affairs of another reeks of arrogance, especially—I’m sorry to say—French...
...generals are shifting strategies. Their new doctrine emphasizes protecting the Afghan people over killing insurgents. "What we really want is the equivalent of a peaceful takeover, where the Taliban are forced out," McChrystal told TIME. Three days later, the general issued a "tactical directive" to ISAF forces reinforcing the point: "We will not win based on the number of Taliban we kill," McChrystal wrote, "but instead on our ability to separate insurgents from the people." To that end, the directive explicitly enjoined force leaders "to scrutinize and limit the use of force like close air support against residential compounds...
...increase the number of U.S. troops in Afghanistan, from 57,000 now to 68,000 by the fall. The extra troops should help bring security to parts of Afghanistan that lack it, but McChrystal is clear that security alone is but a means to an end. "The point of security," he says, "is to enable governance ... My metric is not the enemy killed, not ground taken: it's how much governance we've got." Decent governance, the thinking goes - providing the rule of law and economic opportunity - will persuade those who take up arms because they have no other economic...
...most part, the crowd remained nonviolent, though at one point young men began to throw rocks from an alley at passing soldiers. When the small group of soldiers retreated, the man in front of the protesters threw up his hands in victory to the cheers of the crowd. As a procession of men carrying flower arrangements commemorating the 1999 student uprising went by, a bystander explained that these men were the first to be attacked...