Word: lowes
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...that could soon change as the economics turn dark for the energy sector. High prices bankroll high-cost production and fund technology improvements that make hard-to-reach minerals accessible, while low prices mean wells with high production costs are shut in. The threshold price for oil-operations expansion is around $50 a barrel, according to Combs. "This constant roller coaster [in prices] is something the industry is really getting sick of," Ingham says. (Read "Web-Savvy Homeowners vs. Landmen...
...Bank of Scotland. "Yen appreciation is also causing the Nikkei [stock index] plunge," he says. And that's affecting the confidence of Japan's businesses. On Monday, figures of the Bank of Japan's tankan survey, a quarterly survey of business sentiment in Japan, fell to a seven-year low. The tankan figure showed the steepest quarter over quarter decline in 34 years. The economy is expected to decline 0.8% for the fiscal year ending in March...
...over the next year. Intervention, he says, will come at the 85-level, but even then it is difficult to predict what will happen. "What we're seeing is the unwinding of the yen carry trade," says JPMorgan Chase's Sasaki, referring to the practice of buying low-interest yen and investing it in high-yield currencies. "It's a very strong and powerful movement and it's difficult to stop it. I think that Japanese officials understand that and that's why they haven't intervened...
...According to Election Commissioner Steven T. Cupps ’09, student voting rose to 3,642 students from 2,181 last year, when turnout was unusually low...
...much change are schools in for? Duncan, who is particularly attuned to the achievement gap between high- and low-income students, has hinted that he does not approve of the way Illinois schools receive the bulk of their funding from local tax revenue. "It's morally inexcusable that children who happen to be born in wealthier communities, white ones, get a better education than those who live in poor communities," Duncan told TIME last August. "Clearly, as a state, we've lacked the political courage to fundamentally challenge the status quo, not just tweak it at its edges." He added...