Word: totalizers
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...decision to keep building: "Occupancy tumbled roughly 15 percent from a year earlier in January, while average room rates fell 15 percent. While much of the weakness reflects softening demand, an industry contact notes that about half the decline in occupancy rates is due to new hotels opening; the total number of hotel rooms in Manhattan is expected to increase by roughly 7,000 (10%) in 2009, or more than triple the net increase...
...strapped Rosneft, Russia's oil major, and another $10 billion to Transneft, Russia's biggest pipeline company. The loans will be paid off not in cash, but in crude - 300,000 barrels a day from the huge east Siberian oil field. That's about 4% of China's current total demand for crude, secured on very favorable terms. Over the 20-year life of the deal, Beijing will effectively be paying about $20 per barrel. Crude prices, which last summer peaked at more than $140 per barrel, now sit just above...
Faith heals all right, but it is debatable whether the faith has to be religious. Total faith in a doctor also eases pain and accelerates recovery. Perhaps it is the persevering faith of the patient and not God or the doctor that actually heals. Maheshkumar Mathilakath, SHARJAH, U.A.E...
...York City Still Too Big to Fail Insurer AIG, reeling from the collapse of mortgage-backed securities it underwrote, received a fourth massive infusion of federal funds, bringing total taxpayer liability to $180 billion. The same day, it posted a $61.7 billion quarterly loss--the largest in U.S. corporate history...
...director of weapons procurement at the Pentagon, will join a flock of Harvard affiliates who have already migrated to the capital. The role call boasts some of our biggest names—from Elena Kagan to Cass R. Sunstein ’75—and the total count comes to at least 10 Harvard professors along with numerous alumni...