Word: price
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When the government provided GM and Chrysler with $13.4 billion to support their operations though the first quarter, a number of members of Congress objected to the bailout which has been estimated to carry a $34 billion price...
Auto suppliers are being asked to drop prices on components, but many of these firms are already close to bankruptcy on their own. Price concessions may simply create another set of companies that need government assistance...
Although oil prices have fallen dramatically since July, oil traders are predicting a price hike later this year. Don't be too concerned: this is not always a reliable indicator of higher prices to come at the gas pump, but it certainly highlights a current inefficiency in the oil-futures market...
...market has been in what futures traders call a massive contango - that is, future prices of oil are at extreme highs relative to the current price. Therein lies opportunity: buying and holding oil now, then selling it in the future, can generate an almost risk-free profit. Citigroup has already leased a supertanker to store oil that it will sell later this year. (Read "A Brief History of the Oil Barrel...
...Juan Copala village council secretary Macario Garcia claims the bride price makes the husband commit to the marriage, reducing breakups. "It is so the man gives value to his wife and so he won't easily leave her for another woman," Garcia says, sitting in the shade of a wooden hut under the glare of rugged hilltops. In the ancient tradition, he explains, the suitor negotiates the marriage with the family through a so-called ambassador. After a deal has been struck, the suitor then goes to meet and collect the bride at 2 a.m. on a Wednesday morning. Local...