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...took a 24-hour Italian crash course. English has by far the most words in it of any other language. Our money might not be worth anything anymore, but the language is. With everything else American going to pot, it's nice to know we've got a wonderfully rich language...

Author: /time Magazine | Title: Roy Blount Jr. | 10/10/2008 | See Source »

...just three months, from about $147 a barrel in July to below $83 on Friday, with no obvious bottom in sight. If that sounds good, you are probably a driver who winces these days at filling your gas tank. But the downward spiral could mean trouble for oil-rich countries and for the environment...

Author: /time Magazine | Title: Is Cheaper Oil A Good Thing? | 10/10/2008 | See Source »

...rich countries the slump has come at a bad time. As the oil price began rising during the past few years, governments and big oil companies plowed billions into exploring and developing new fields in Russia, Angola, Mexico, Brazil and Saudi Arabia - projects whose costs have more than doubled in the past few years, in part because soaring steel prices drove up drilling equipment costs and oil-rig rentals. Just as global demand has begun to slow, millions more barrels of oil a day from new fields have hit the world market...

Author: /time Magazine | Title: Is Cheaper Oil A Good Thing? | 10/10/2008 | See Source »

...Academy: The Drivers of University Endowment Success”—a study written by Business School professor Josh Lerner, MIT professor Antoinette Schoar, and MIT doctoral student Jialan Wang—found an “increasing skewness of endowment sizes,” as rich universities continue to outperform less wealthy academic institutions...

Author: By Prateek Kumar, CRIMSON STAFF WRITER | Title: HBS Study Shows University Endowments Weather Market Turmoil | 10/10/2008 | See Source »

...question will arise: What to do about those tanks? There is mounting evidence from U.S. officials and other experts that the tanks aboard the Faina were not destined for Kenya, as both the Kenyan government and the tank's Ukrainian shippers claim, but for South Sudan, the autonomous oil-rich region of Sudan, which has a fractious relationship with the central government in Khartoum. If the standoff is resolved, will the three American warships encircling the Faina just clear a path and allow it to proceed...

Author: /time Magazine | Title: The Somali Pirates: Tanks, but No Tanks | 10/9/2008 | See Source »

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