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...move that may be even more important to the long-term interests of the mainland, the China Development Bank agreed to loan Brazil's oil giant Petrobras (PBR) $10 billion for exploration projects. The South American oil company also apparently agreed to sell China-controlled oil company Sinopec (SNP) crude supplies for the balance of the year. It does not take detective work to come to the conclusion that the two arrangements were related. In late 2007, Petrobras said it had discovered new fields far off its coast that contain as much as 8 billion barrels...
...pleases us immensely that you have responded so favorably to our electronic mail invitation. We must admit that we initially feared our recent decision to open our posh Quincy Street premises to students for a fee might be, well, misunderstood. Taken crassly, reduced to financial terms of the crudest sort. The term “desperate” may even have been thrown out—presumptuously, of course...
...area they thought could use more teachers,” she said. “You’d think that everyone would be happy that there are people who want to teach and help students learn.” Stutman also raised the concern that the short-term TFA recruits will be displacing union members who are better qualified. Elizabeth B. Hadaway ’09, another TFA recruit, said, “I’m not sure why being a teacher for a long time is inherently a priority over being a good teacher. I think...
...greenhouse gas emissions directly, most likely through a cap-and-trade program. Most environmentalists feel the same way. The problem is getting cap-and-trade passed in Congress; most Republicans are against it on the grounds that it might hurt the economy by raising energy prices in the short term, and many Democrats from states with lots of polluting coal plants feel similarly...
...prices as carbon becomes more expensive (indeed, making fossil fuels more costly relative to clean renewable fuels is the point). Advocates argue that new green jobs created by acting on climate change will more than offset the price of cap-and-trade and that, in any case, the long-term cost of delaying on global warming will be far worse. But regulating CO2 would presumably also cause energy prices to rise - and if cap-and-trade proves unpopular in Congress, EPA regulation could end up a political loser for the Obama Administration as well. "Republicans would love for Democrats...