Word: keys
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...key to housing is the employment rate. As long as the employment stays basically full--say, under 5.5%--I see no major crisis in the housing market. Yes, we have a subprime issue. Yes, we have a lot of investors who got hung out, but I don't see the crisis the way the media portray it. And consequently, as long as employment stays strong, I don't see any issue as far as rental housing is concerned. Our apartment company continues to rent at 95%. We continue to see same-store-sales increases from one year to the next...
...world's demand for energy swells, petroleum-pumping countries like Russia and Venezuela "are asserting a higher degree of national control over [oil and gas] developments and leaving less room for non-national companies to participate," says Peter Mellbye, StatoilHydro's head of international exploration and production. While key Middle Eastern nations have long held their domestic oil companies and development projects in a tight grip, a more protectionist stance among energy powers elsewhere has, Mellbye says, "fundamentally changed the picture...
Such skills will come in handy elsewhere too. The group plans to build on its presence in key deepwater areas, from the Gulf of Mexico to Angola, Statoil's largest production site outside Norway. The expected result: while just 14% of the combined firms' output would have been outside Norway in 2006, that figure will rise to 25% in 2009, forecasts Carnegie's Olaisen...
Almost Shakespearean, no? True, the Bard didn't offer much in the way of collateralized debt obligations (CDOs) or special-interest vehicles--two key sources of Citi's pain. He did, however, understand diversification. "My ventures are not in one bottom trusted, nor to one place," said Antonio, the Merchant of Venice. "Therefore, my merchandise makes...
...Washington, but he's our sort of guy, the kind of man we need in the fight against terrorism--and, by the way, he has always said he will return his country to democracy. In other words, the Pakistani strongman is crucial to both of the U.S.'s key goals in the Muslim world: fighting terrorism and spreading freedom...