Word: shell
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...names in the industry will put in bids for 20-year contracts on six of Iraq's largest oil fields and two of its largest gas fields, with the Iraqi Oil Ministry scheduled to announce the winning bidders on June 29 and 30. In the running are Exxon Mobil, Shell and BP as well as smaller Chinese, Russian and other state companies. Winners will have a 75% stake in the project - with 25% to the partnering Iraqi oil company - and will be compensated for their costs plus a profit based on increasing a field's oil production...
Emboldened by this work, economists began to apply their number-crunching skills to the postwar market. Chicago graduate student Harry Markowitz devised a model for picking stocks that was, in Friedman's estimation, "identical" to his artillery-shell-fragmentation trade-off. And in the late 1950s, scholars at Chicago and the Massachusetts Institute of Technology became enamored of the idea that stock-market movements were, like many physical phenomena, random...
...Last June, the river swamped 10 square miles of Iowa's second largest city (metro-area pop. 255,000). There are signs of life in the downtown business district, with factories and shops reopened. But whole swaths of neighborhoods along the river remain eerily lifeless, with one abandoned, waterlogged shell of a house after another, some spray-painted with warnings and pleas: "We want a buyout," "This is still my house. Stay out," "Don't forget...
...resurgent Islamic faith around them. Nearly 15 years after the country's vicious war - in which an estimated 100,000 people, mostly Muslims, were killed - its capital, Sarajevo, is experiencing a religious revival. The city's physical scars have mostly healed since the siege of the 1990s. Its shell-blasted walls have been replastered and the infamous Sniper Alley - named for the Serb gunmen who shot at those crossing the street - is now clogged with traffic. (See pictures of spiritual healing around the world...
...shell-shocked organizations that went to Kaiser for advice was the Beck Center for the Arts, a theater and arts-education group near Cleveland. In January ticket sales and donor money "fell off a cliff," says Lucinda Einhouse, the Beck Center's president. In April she traveled to Washington to meet with Kaiser. She went home and instituted some, if not all, of his gospel. Marketing will be maintained. But the theater will mount fewer shows next year, and some will be chestnuts like Fiddler on the Roof and Peter...