Word: yorke
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...futures market is tiny compared with the physical oil market: less than 3% of the world's oil consumption over the next year is accounted for in the open interest - the contracts currently being traded - at the New York Mercantile Exchange (NYMEX). To put it in perspective, Saudi Arabia alone produces four times that much oil. Consider the leverage that the futures market allows - you can trade more than 10 times your money in oil - and suddenly every dollar you put into the futures market controls well over $300 worth of oil. We can put a price...
...Daniel Ellsberg '52, the government insider who leaked the top-secret Pentagon Papers to the New York Times in 1971 and exposed the knowledge that top officials had believed early on that the Vietnam War could not be won, had mixed feelings about McNamara's career...
...states, like New York, already ban large constrictor snakes. A House bill, introduced by Florida Representatives Ron Klein and Alcee Hastings, would not ban but more closely regulate python importation. Even that legislation has met resistance from business lobbies like the Pet Industry Joint Advisory Council (PIJAC), which insists the problem can be contained, via regulatory programs like Florida's, without clamping down on imports. "Bans often just drive the commerce underground, which can instead worsen the situation," says PIJAC CEO Marshall Meyers. Python sales, which include the smaller and more popular ball python, are still robust...
...With reporting by Karen Tumulty / Washington; Michael Scherer / Rome; and Andrea Sachs / New York...
...Murdoch, whose News Corp. also owns the New York Post, the Wall Street Journal and Fox Broadcasting, denies that he had any knowledge of the payments. "If that happened, I would know about it," he told Bloomberg News on July 8. (See pictures of Murdoch...