Word: turmoil
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...effort to stabilize oil prices, both the U.S. Congress and the Obama Administration are considering clamping down on speculation in energy futures, said Gary Gensler, chairman of the U.S. Commodity Futures Trading Commission, on Tuesday. Speculation is one factor believed by economists to have contributed to the turmoil in oil prices that saw them hit a high of $147 a bbl. last July and then drop to $33 just six months later. It traded on Tuesday at about...
General Colin Powell, Former Secretary of State "ABC" The spirited lyrics, the dancing and the joy of watching these five handsome, clean-cut youngsters pouring their hearts out moved me then and moves me now. It was the early '70s, a time of war, a time of political turmoil, a time of the counterculture and domestic unrest. They made us smile with their freshness and their cute 'fros. We tapped our feet, felt good watching them, and our cares left for a few minutes...
...needs to show that its position is associated with the U.S., with its implicit threat of coercive action," says Daniel Korski, senior policy fellow at the European Council on Foreign Relations. Noting that Iran's economy is struggling - oil is now below $68 a barrel and the recent turmoil will further deter foreign investment - Korski says the government has a long-term interest in repairing its relationship with the E.U. "Iran may rant and rage, but that doesn't mean the E.U. is being kicked around," he says. "As long as the Iranian economy is as decrepit...
...While Ellwood wrote that "this is certainly the most heart-wrenching period our close-knit community has faced in many years," similar budgetary turmoil plagued the Kennedy School earlier in the decade and prompted staff reductions then as well...
...Netanyahu's bona fides as a peacemaker, but also of U.S. credibility. The President hasn't left himself much room for retreat; the question is whether Netanyahu plans to find a way to accommodate the President's demand, or to defy the White House and rely on the turmoil in Iran to keep the heat off Israel...