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...freedom than an oil hedger - after all, a supplier sits on oil with no rush to sell it, as a hedger attempts to curb real risk - a supplier can squeeze prices higher by refusing to sell on the futures market. The supplier would sell oil just through private deals, whose prices are determined by the futures market - and not the other way around. This catch-22 represents the systemic flaw in the global oil market...
...than-life figure in the early '60s, who then continued to learn and grow and change in all kinds of ways," said David T. Ellwood '75, dean of the Kennedy School, where McNamara frequently visited and spoke after he left the Pentagon and the World Bank. "[He was] someone whose ideas were always well-considered...and who ultimately had been through a great deal, but I think in the end came to great wisdom and insight from his many experiences...
...violence that has claimed at least 156 lives in the western Chinese region of Xinjiang this week is rooted in long-standing grievances among China's Uighur minority. The Turkic-speaking Muslim Uighurs were traditionally the dominant ethnic group in the region whose Mandarin name, Xinjiang, means simply "New Frontier" - perhaps a reflection of the fact that the region was only brought under Beijing's control in its entirety during the 19th century rein of the Qing dynasty. And this week they have found themselves in violent confrontation with Han Chinese, who have become a significant majority in the capital...
...Uighurs have deep roots in the region, descending from the ancient Sogdian traders once observed by Marco Polo. Unlike many of the nomadic tribes of Central Asia, the Uighurs are an urban people whose identity crystallized in the oasis towns of the Silk Road. A walk through the bazaars of old Uighur centers such as Kashgar, Khotan or Yarkhand reveals the physical legacy of a people rooted along the first trans-contintental trade route: an astonishing array of hazel and even blue eyes, with blonde or brown or black hair - typically tucked beneath headscarves or the customary Uighur felt...
...Murdoch, whose News Corp. also owns the New York Post, the Wall Street Journal and Fox Broadcasting, denies that he had any knowledge of the payments. "If that happened, I would know about it," he told Bloomberg News on July 8. (See pictures of Murdoch...