Word: returns
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...decades, but war made them hard to reach. Now peace and high prices have made them alluring again. Today Angola is the second-largest oil producer in sub-Saharan Africa, and production is growing 25% a year. Since 2002, businessmen have been flying into Luanda offering huge sums in return for access to oil, while foreign governments have bolstered their case with aid. China has made a habit of outbidding the world here. In 2004, years of talks over structural reforms between Angola and the International Monetary Fund became redundant when a state-run Chinese bank offered a $2 billion...
ExxonMobil's official mantra is that "we are doing all we can to bring more petroleum products to market to meet growing energy needs." The numbers say otherwise, and this is a company where numbers speak louder than words. The number that matters most is return on capital employed--that is, net profits divided by what's been invested in oil rigs, pipelines, refineries, etc. ExxonMobil's ratio, 32.2% last year, is consistently the industry's best. When ExxonMobil gives more money to shareholders than it spends on capital and exploration, that means its executives can't find enough...
...psyched to go with Romney as my candidate. Then Brownback's spokesman agreed to put me on Brownback's top-friends list--in return for changing my screen name from "Joel Stein" to "Joel Stein Supports Sam Brownback." That guy knows how MySpace friendship works...
...really over. After a heated, Iraq-themed on-air exchange with Elisabeth Hasselbeck, Rosie O'Donnell won't return to The View. "I didn't really fit into the family, and now it's time for the foster kid to go back home," she said on ROSIE.COM, prompting friend Nora Ephron to write on THE HUFFINGTON POST, "I feel sad/ And full of woe/ I am going to miss/ My Ro." SCORE...
...Peninsula, moved against the Syrians in the Golan Heights and outflanked King Hussein's Bedouin army in the West Bank. In 132 hours, it was all over. Israel had more than tripled its territory, its forces moving into ancient Jerusalem, fulfilling the age-old quest of the Jews to return to their holy city. The war changed mental maps in the Middle East as much as it did the political landscape, altering hopes and fears. In 1967, Israel as a nation was not quite 20 years old, born in the shadow of the Holocaust and a war in which Arab...