Word: june
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...extremely volatile mixture of speculation, oil production, weather, government policies, the global economy, the number of miles the average American is driving in any given week and so on. But the daily price is actually set - or discovered, in economic parlance - on the futures exchange. In late June and early July, speculators in oil futures battled one another, suspecting that a top was near. In the ensuing weeks, oil would come crashing down to earth as traders everywhere - including hedge funds, banks and pension funds - unwound their positions. And as SemGroup demonstrated, getting the timing wrong on this great...
...worry even to - perhaps especially to - the superrich. In a recent interview in London's Sunday Times newspaper, Indian-born steel tycoon Lakshmi Mittal said flatly that "money is a curse," and that he was concerned that extreme wealth might be spoiling his young kids. In June, Microsoft founder Bill Gates reiterated that he would donate most of his $58 billion to charity, rather than give it to his three children. That's tough love...
...Cases have been building before this week. Rangarajan cites a blast in the central Indian city of Kanpur in August as one, in which two people associated with a Hindu right-wing organization were killed while making explosives. In June, the Hindu nationalist political party Shiv Sena got much flak for calling for the creation of Hindu "suicide squads". "Islamic terrorism is on the rise in India and in order to counter Islamic terrorism, we should match it with Hindu terrorism," an unsigned editorial in the Shiv Sena's official newspaper said. Hindu right-wing organizations have been blamed...
Along with engineering Republican victories, Karl Rove likes to collect unusual stamps. So when a particular letter arrived at Caleb’s house last June, his father immediately separated it from the other mail. “I said, ‘I think this is from Karl Rove,’ and [Caleb’s mother] and I looked at each other and wondered ,” Steve C. Weatherl told me. Caleb had arranged for the Republican Club to bring Karl Rove to campus that April. The high-profile speaking event had gone very smoothly...
...Navy officials fear it can never be made right, despite its price tag's having risen from $644 million to $1.8 billion. "Some significant fraction of the welds in that ship were flawed and had to be redone," John Young, the Pentagon's top weapons buyer, told Congress in June. "I shouldn't be forced to pay on behalf of taxpayers any price for any level of deficient performance." Still, that's just what the Navy did, forking over an additional $100 million to make it seaworthy after the Navy had taken delivery of the vessel from its builder, Northrop...