Word: producted
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...pass to Richards comes just short of a first down. Meanwhile, the Toast Zamboni has come out on the track to clean up the toast. According to fellow staff writer Brad Hinshelwood, it's a product of someone's senior thesis. According to me, that's quite possibly the craziest thing I've ever heard of, but if you can get class credit for something like that, it may also be the most brilliant thing I've ever heard...
Like many of the records it charts, the Guinness book was the product of a can-do spirit and the need to validate one's pride. In 1951, Sir Hugh Beaver, the managing director of the Guinness Brewery, went on a hunting trip with friends in Ireland. Though he considered himself an excellent shot, Beaver was unable to bag any golden plovers. Wounded, Beaver suggested the bird might be the fastest in Europe. Upon returning from the trip, neither he nor his friends were able to locate a reference book that provided the answer...
Clearly, demand for oil didn't fall that much, but the price of oil isn't set by demand alone. It's the product of an extremely volatile mixture of speculation, oil production, weather, government policies, the global economy, the number of miles the average American is driving in any given week and so on. But the daily price is actually set - or discovered, in economic parlance - on the futures exchange. In late June and early July, speculators in oil futures battled one another, suspecting that a top was near. In the ensuing weeks, oil would come crashing down...
...edition with Barack Obama's victory front page so that there was one for everybody. But the papers were suspiciously free and had this massive headline across the top: "IRAQ WAR ENDS." Hmm. A closer look revealed that the papers, dated July 4, 2009, weren't the product of the New York Times but an elaborately constructed copycat version with articles like...
...even bigger news from China, where the government announced a $586 billion stimulus package in an attempt to soften the blow of the coming recession. The China package was big and bold - and a tacit challenge to the Obama Administration. It represented 18% of the Chinese gross domestic product, the equivalent of a $2.4 trillion program in the U.S. Of course, China has bigger problems to solve than we do. Its social safety net is made of tissue; vast sums will be needed to establish a proper health-care and pension system. But much of the $586 billion will also...