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...Rosneft, Russia's largest oil company, and an additional $10 billion to Transneft, Russia's biggest pipeline company. The loans will be paid off not in cash but in crude--300,000 bbl. a day from the huge east Siberian oil fields. That's about 4% of China's current demand for crude oil. Over the 20-year life of the deal, Beijing will effectively be paying about $20 per bbl. With oil expected to return to $70 or $80 per bbl., it could be the steal of the new century...
Despite worries that the current recession may prompt Americans to save on fees and file their own taxes come April 15, more people than ever are going into accounting--some 60,000 now earn accounting degrees annually. The green-eyeshade brigade may even benefit from tax changes in the recent stimulus package. Such updates are always followed by confusion, a boon for tax experts...
...provide that kind of base for students who want to concentrate in art. In keeping with the Task Force on the Arts’s recommendations, Harvard should take care to reaffirm its commitment to strengthening rather than weakening the quality and breadth of arts-practice programs in its current effort to improve art education at the university...
...creation, thereby giving the fruits of their labor to lower- and middle-class workers, while taxing pollution, which we want to discourage. (It should be noted that such a proposal has zero prospects for being considered in the short term, as it completely upends the fundamental premises of the current entitlement system, but perhaps as we get further down the line with entitlement spending and more comfortable with the idea of a means-tested system, it might get a more serious look...
...Business School reworked its curriculum after the Enron scandal to include a required, full-credit course on corporate accountability. According to Kester, current students also frequently debate ethical dilemmas in other classes...