Word: returns
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...Governor Rod Blagojevich’s attempted sale of Illinois’s open Senate seat. Though most governors would never engage in such brazen corruption, it takes just one light-fingered public official to tarnish the democratic process. Furthermore, even honest governors expect some sort of goodie in return for choosing a candidate, be it political support or fundraising help. As Governor Blagojevich crudely put it, “a Senate seat is a [expletive] valuable thing, you don’t just give it away for nothing.” Governor Paterson took this lesson to heart...
...lint sank millions into deals on handshakes, on napkins, at urinals, risking vast amounts on investments he seldom too time to study...A solid 8 or 10 percent bored him. By the mid-1970s, he simply couldn't be bothered with any investment that didn't promise tripling his return or more. Ttere was the ten million he threw away on an Oklahoma plant that was to convert cattle manure into national gas. Clint named it the Calorific Reclamation Anaerobic process, CRAP for short. It never worked...
...contracts. In other words, if a company bought oil on the February 2009 contract, stored it for a year and sold it on the February 2010 contract, it would make more than $22 per barrel, excluding the costs of the operation. This represents a greater than 60% gross return! Since interest, storage and delivery costs should amount to significantly less than the $22 spread, the venture would yield a virtually riskless profit, or arbitrage. When the February contract ended trading in late January, an enormous opportunity still existed for arbitrageurs...
...Israel preemptively attacked Egypt, Jordan and Syria, and occupied the West Bank and Gaza, largely populated by refugees of 1948, as well as East Jerusalem, the Golan Heights and Sinai (later returned to Egypt). This generated another approximately 200,000 Palestinian refugees who were also forbidden to return. Since 1973, Israeli governments have gradually moved about 400,000 Jewish settlers into the West Bank and another 200,000 into East Jerusalem, appropriating about 50 percent of the land (when roads and other infrastructure are taken into account), taking over the water, and alternately exploiting and starving the West Bank...
...Schuster, who lives in one of the state's most densely populated areas, she says she's not sure when life will return to normal. On Sunday, the traffic lights in her neighborhood were not working (she's seen several drivers fail to stop at intersections) and she had not been to work in a week (she was told by her clinic to remain at home, rather than risk the icy, treacherous drive into work). That's the same message that went out to Louisville's public school students; classes for the remainder of last week were called...