Word: shuts
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...Earlier in the year, the price of gas in Europe dropped sharply, making it no longer profitable for Russia to buy fuel in Turkmenistan and resell it to Europe. Then, mysteriously, the pipeline that delivers gas from Turkmenistan to Russia blew up. Turkmen officials blamed Russia, claiming it had shut the valve on its end, causing pressure to build up and the pipeline to burst, in order to avoid honoring its gas contracts. Moscow strongly denied responsibility. The cost to Turkmenistan in lost gas revenues has been a staggering $1 billion per month. (Read: "Europe Tries to Break Its Russian...
...Maktoum, at a press conference two months ago, despite the fact that Dubai has debts that are at least 100% of GDP - and may be closer to 125%. When critics later complained that Dubai had no realistic plans for paying off its debts, al-Maktoum told them to "shut up." But on Thursday, as Dubai's government announced it was seeking a halt to its debt repayments ahead of a $4 billion bill due on Dec 14, spin was at a minimum. So many worried investors tried to join a conference call for bond holders of Nakheel, a property company...
...June, GM announced that it would sell or eliminate four of its brands, including Pontiac, Saab, Hummer and Saturn. "We've been very clear that those brands were going to be sold or shut down," said a GM official, who asked not to be identified. "The expectation is that if you don't sell it, you close...
...also set a precedent of sorts last month when it announced that it would shut down the Saturn brand completely after a deal to sell it to the Penske Automotive Group also fell apart at the last minute. GM has stopped building Pontiacs, and Hummer is in the process of being sold to a Chinese manufacturer of heavy equipment...
...more troops), which is twice as much as the Pentagon's figure. The number varies depending on how many new weapons and other materiel are cranked into the calculation. But a new study underscores the extra costs of fighting in a landlocked country where the Taliban has shut down much of the meager road network. For example, every U.S. soldier in Afghanistan requires 22 gallons of fuel a day - and the cost of a gallon of gas bought and shipped to the deepest corners of Afghanistan averages $45. A study by the international accounting firm Deloitte puts the cost...