DOCSLIB.ORG

Banks Help Make Libor an Erratic Barometer

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Banks Help Make Libor an Erratic Barometer 32 THURSDAY, MAY 29, 2008 THE WALL STREET JOURNAL. FROM PAGE ONE DHL taps UPS for U.S. deliveries Behind the oil-export decline Continued from first page Continued from first page enough natural gas. This uses up VOL. XXVI NO. 82 THURSDAY, MAY 29, 2008 global delivery giants in the U.S. and 2007 market of U.S. express-delivery services is in the middle of a major invest- oil supply that could otherwise be elsewhere as soaring fuel costs and ment campaign to become a world exported. an economic slowdown eat into Total deliveries Ground deliveries Air deliveries player in petrochemicals, alumi- Some producers, such as the Fear, rumors touched off Ft 530 profit. num and fertilizers, all of which U.A.E., are easing back at times on Sk 100.00 Both UPS and FedEx Corp., which FedEx will require huge amounts of oil the crucial industry practice of in- fatal run on Bear Stearns control more than 70% of express FedEx 18% and natural gas. jecting natural gas into crude oil - Hungary news in depth | PAGES 16-17 Banks help make Libor - Slovakia parcel deliveries in the U.S., have is- 22% USPS FedEx USPS Since 2004, Saudi oil consump- fields, which is done to boost reser- sued profit warnings this year amid UPS 12% 31% 32% tion has increased nearly 23%, to voir pressure and increase crude re- USPS 50% UPS $1.75 (C/V) spiking oil prices and a U.S. retail- 2.3 million barrels a day last year. covery rates. Halting the injections SR 14.00 18% Other 62% Bid for Anheuser may spending slump. The $1 billion that 7% UPS Other Jeffrey Brown, a Dallas-based petro- ends up undercutting oil produc- Other 4% 25% - Egypt DHL is expected to pay UPS annually 6% leum geologist who studies net ex- tion, further reducing exports. leave bitter aftertaste an erratic barometer to airlift its parcels is nearly two- port numbers, said that at its cur- Declining oil shipments from - Saudi Arabia corporate news | PAGE 4 thirds of rival FedEx’s roughly $1.6 DHL Americas 4% DHL Americas 2% DHL Americas 9% rent growth rate, Saudi Arabia the world’s top petroleum export- billion contract to carry mail for the could be consuming 4.6 million bar- ers illustrates the central role that Dkr 22.00 Analysis by Journal U.S. Postal Service. “This is a great Note: Figures may not add up to 100% due to rounding. USPS = U.S. Postal Service rels a day by 2020. historically marginal players such QR 14.00 Shipping less deal for UPS and a shot across the Source: Wolfe Research, LLC That would cut significantly as Brazil and Kazakstan are likely - Denmark shows rates are lower - Qatar Net oil exports from the world's top 15 exporters, which account for nearly bow of FedEx,” industry consultant into Saudi exports during a time to play in coming years. Three of half of all the world’s supply, fell nearly one million barrels a day in 2007. Doug Caldwell said. when the world will be looking to the four non-OPEC players among Kc 110 than market suggests Deutsche Post hasn’t found its At a news conference in Bonn, ery business was being unfairly sub- its largest oil supplier to help the top 15 oil exporters—Russia, Zl 10.50 What’s News— Net exports Net change footing in the U.S. since it acquired Frank Appel, Deutsche Post’s chief sidized by German taxpayers. Deut- manage rising demand. Saudi Ara- Norway and Mexico—are report- By Carrick Mollenkamp in thousands of barrels a day in exports 7 Business&Finance World-Wide 7 Country 2006 2007 in thousands of barrels a day Seattle-based Airborne Express for executive, said the company has sche Post enjoyed a monopoly on bia has nearly a quarter of the ing declines in production this - Poland And Mark Whitehouse $1.05 billion in 2003. The German now opted for a “pragmatic and real- the delivery of small letters in Ger- world’s proven reserves and sup- year. Kazakhstan is showing slight - Czech Republic Major banks are contributing Top oil producers are proving Saudi Arabia 8,525 7,923 –602 Œ2.70 mail giant quickly merged that busi- istic” strategy for the U.S. market. many until this January, and the gov- plies around 12% of the 86 million net export gains. OR 2.00 to the erratic behavior of the unable to put more barrels on LONDON—Major banks are con- Russia 6,866 7,018 152 ernment still owns slightly less than HRK 20 ness with globe-trotting DHL, of Deutsche Post expects the cost- barrels a day that the world now No big exporter is struggling London interbank offered rate, world markets despite high tributing to the erratic behavior of a UAE 2,564 2,548 –16 which Deutsche Post acquired full cutting measures to boost operat- a third of the company’s shares. consumes. There is another big more than Mexico, where net ex- - Oman reporting significantly lower prices, in a trend that looks set crucial global lending benchmark, a - Euro (ex. Ire) –221 control in 2002, but it hasn’t been a Klaus Zumwinkel, who headed ports dropped 15% in 2007. Mexi- borrowing costs for the global to continue. Rising profits have Wall Street Journal analysis shows. Norway 2,542 2,321 ing profit by about $1 billion annu- - Croatia happy marriage. DHL’s U.S. parcel- Deutsche Post for nearly two de- can officials announced Monday £1.30 lending benchmark than what fueled a boom in demand in the Iran 2,463 2,298 –165 ally by 2011. But the restructuring Nkr 25.00 The Journal analysis indicates delivery business has racked up a plan is expensive and will take an es- cades, meanwhile, dismissed UPS as No big exporter is that output from the country’s other market measures suggest Mideast, leaving less oil for ex- Citigroup WestLB HBOS Kuwait 2,341 2,268 –73 BD 1.50 that Inc., , “a cult” during an interview 18 port. At the same time, aging loss of an estimated $3 billion in the timated $2 billion to implement. once-mighty offshore Cantarell they should be, a Wall Street PLC, J.P. Morgan Chase & Co. and Nigeria 2,130 2,040 –90 U.S. in the past four years and months ago. UPS management has struggling more than field had plunged by a third in - Norway Journal analysis shows. Page 1 fields and sluggish investments Deutsche Post also says it will take UBS AG are among the banks that Venezuela 2,182 2,024 –158 developed an industry reputation - Bahrain have caused exports to drop changed local management several years to turn around the domestic less than a year. – United Kingdom have been reporting significantly over many years for controlling all n Deutsche Post plans to trans- sharply in other nations. Page 1 20 times, while its market share has re- U.S. business. It expects losses at Mexico, where 2007 Analysts said there are reasons Dh 24.00 Algeria 1,842 1,862 aspects of its operations. $2.00 fer DHL’s U.S. air-parcel deliver- n The U.K. will exempt lower borrowing costs for the Lon- mained stuck below 10%. In Janu- the U.S. express unit to widen to for optimism. Russia’s government about Angola 1,379 1,707 328 But tougher economic condi- net exports fell 15%. Lk 370.00 ies to UPS and cut its ground 30 North Sea crude-oil and nat- don interbank offered rate, or Libor, ary, it announced it would write off $1.3 billion this year from $1 billion is scrambling to alter the tax rates 22 tions are causing express-delivery - Morocco capacity there by a third. Page 1 than what other market measures Libya 1,530 1,552 Œ600 million ($941.8 million) of the in 2007, before narrowing in steps that many say have put a lid on new ural-gas fields from some taxes companies to rethink their posi- and approved the development suggest they should be. Those five Iraq 1,437 1,484 47 U.S. business and review its strate- to about $300 million by 2011. oil development. Mr. Robinson said n The U.S. filed a WTO complaint tions. Deutsche Post and UPS also Page 3 banks are members of a 16-bank gic options. problem: Increasing natural-gas 65 new ultra-deep water drilling - U.S. Military (Eur) over EU tariffs on three kinds of of two new oil fields. Mexico 1,711 1,456 –255 Shares in Deutsche Post fell 5.4% have new chief executives since ear- L£ 4000.00 panel that reports rates used to cal- DHL’s reputation took a big hit in shortages are having a cascading rigs are expected to arrive over the n Kazakhstan 1,144 1,193 49 in Frankfurt Wednesday as inves- lier this year. high-tech devices, saying a 1997 Oxford University is launch- culate Libor in dollars. the U.S. in September 2005, when it affect on crude output and ex- next three years, following a five- YTL 3.75 WTO treaty exempts them. Page 2 ing a drive to raise more money tors reacted to the looming costs “We’re seeing out-of-the-box That has led Libor, which is sup- Qatar 1,032 1,011 –21 transferred its northern Kentucky ports, as more oil has to go to year stretch in which the industry - Lebanon from private donors, signaling and continued losses.
Load more

Recommended publications
  • Rethinking the Federal Securities Laws
    Florida International University College of Law eCollections Faculty Publications Faculty Scholarship 2003 Accountants Make Miserable Policemen: Rethinking the Federal Securities Laws Jerry W. Markham Florida International University College of Law Follow this and additional works at: https://ecollections.law.fiu.edu/faculty_publications Part of the Banking and Finance Law Commons Recommended Citation Jerry W. Markham, Accountants Make Miserable Policemen: Rethinking the Federal Securities Laws, 28 N.C.J. Int'l L. & Com. Reg. 725, 812 (2003). This Article is brought to you for free and open access by the Faculty Scholarship at eCollections. It has been accepted for inclusion in Faculty Publications by an authorized administrator of eCollections. For more information, please contact [email protected]. +(,121/,1( Citation: Jerry W. Markham, Accountants Make Miserable Policemen: Rethinking the Federal Securities Laws, 28 N.C.J. Int'l L. & Com. Reg. 725 (2003) Provided by: FIU College of Law Content downloaded/printed from HeinOnline Tue May 1 11:26:02 2018 -- Your use of this HeinOnline PDF indicates your acceptance of HeinOnline's Terms and Conditions of the license agreement available at https://heinonline.org/HOL/License -- The search text of this PDF is generated from uncorrected OCR text. -- To obtain permission to use this article beyond the scope of your HeinOnline license, please use: Copyright Information Use QR Code reader to send PDF to your smartphone or tablet device Accountants Make Miserable Policemen: Rethinking the Federal
    [Show full text]
  • Merging the SEC and CFTC - a Clash of Cultures
    Florida International University College of Law eCollections Faculty Publications Faculty Scholarship 2009 Merging the SEC and CFTC - A Clash of Cultures Jerry W. Markham Florida International University College of Law Follow this and additional works at: https://ecollections.law.fiu.edu/faculty_publications Part of the Banking and Finance Law Commons Recommended Citation Jerry W. Markham, Merging the SEC and CFTC - A Clash of Cultures, 78 U. Cin. L. Rev. 537, 612 (2009). This Article is brought to you for free and open access by the Faculty Scholarship at eCollections. It has been accepted for inclusion in Faculty Publications by an authorized administrator of eCollections. For more information, please contact [email protected]. +(,121/,1( Citation: Jerry W. Markham, Merging the SEC and CFTC - A Clash of Cultures, 78 U. Cin. L. Rev. 537 (2009) Provided by: FIU College of Law Content downloaded/printed from HeinOnline Tue May 1 10:36:12 2018 -- Your use of this HeinOnline PDF indicates your acceptance of HeinOnline's Terms and Conditions of the license agreement available at https://heinonline.org/HOL/License -- The search text of this PDF is generated from uncorrected OCR text. -- To obtain permission to use this article beyond the scope of your HeinOnline license, please use: Copyright Information Use QR Code reader to send PDF to your smartphone or tablet device MERGING THE SEC AND CFTC-A CLASH OF CULTURES Jerry W. Markham* I. INTRODUCTION The massive subprime losses at Citigroup, UBS, Bank of America, Wachovia, Washington Mutual, and other banks astounded the financial world. Equally shocking were the failures of Lehman Brothers, Merrill Lynch, and Bear Steams.
    [Show full text]
  • The Life and Science of Richard Feynman, by James Gleick
    16. Genius: The Life and Science of Richard Feynman, by James Gleick From the author of the national bestseller Chaos comes an outstanding biography of one of the most dazzling and flamboyant scientists of the 20th century that "not only paints a highly attractive portrait of Feynman but also . makes for a stimulating adventure in the annals of science" 15. “Surely You’re Joking, Mr Feynman!” by Richard Feynman and Ralph Leighton Richard Feynman, winner of the Nobel Prize in physics, thrived on outrageous adventures. Here he recounts in his inimitable voice his experience trading ideas on atomic physics with Einstein and Bohr and ideas on gambling with Nick the Greek; cracking the uncrackable safes guarding the most deeply held nuclear secrets; accompanying a ballet on his bongo drums; painting a naked female toreador. In short, here is Feynman's life in all its eccentric―a combustible mixture of high intelligence, unlimited curiosity, and raging chutzpah. 14. D Day – Through German Eyes, The Hidden Story of June 6th 1944, by Holger Eckhertz Almost all accounts of D Day are told from the Allied perspective, with the emphasis on how German resistance was overcome on June 6th 1944. But what was it like to be a German soldier in the bunkers and gun emplacements of the Normandy coast, facing the onslaught of the mightiest seaborne invasion in history? What motivated the German defenders, what were their thought processes - and how did they fight from one strong point to another, among the dunes and fields, on that first cataclysmic day? What were their experiences on facing the tanks, the flamethrowers and the devastating air superiority of the Allies? This book sheds fascinating light on these questions, bringing together statements made by German survivors after the war, when time had allowed them to reflect on their state of mind, their actions and their choices of June 6th.
    [Show full text]
  • And Inter-Organizational Risk Information Transmission Before and During Major Disasters
    Research Collection Doctoral Thesis Causes of Failures in Intra- and Inter-organizational Risk Information Transmission Before and During Major Disasters. Sector Differences in Risk Management Author(s): Chernov, Dmitry Publication Date: 2015 Permanent Link: https://doi.org/10.3929/ethz-a-010578894 Rights / License: In Copyright - Non-Commercial Use Permitted This page was generated automatically upon download from the ETH Zurich Research Collection. For more information please consult the Terms of use. ETH Library Diss.-No. ETH 23097 Causes of Failures in Intra- and Inter-organizational Risk Information Transmission Before and During Major Disasters. Sector Differences in Risk Management A thesis submitted to attain the degree of DOCTOR OF SCIENCES of ETH ZURICH (Dr. sc. ETH Zurich) presented by DMITRY CHERNOV Candidate of economics science (specialization – management), State University of Management (Moscow, Russia) born on January 6th 1980 Citizen of Russian Federation accepted on the recommendation of Prof. Dr. Didier Sornette ETH Zurich Examiner Prof. Dr. Yossi Sheffi MIT Co-examiner Prof. Dr. Ulrich Alois Weidmann ETH Zurich Co-examiner Prof. Dr. Antoine Bommier ETH Zurich President of the committee 2015 I “Science is the systematic classification of experience” George Henry Lewes (1817-78), English writer and critic. “The origin of science is in the desire to know causes; and the origin of all false science and imposture is in the desire to accept false causes rather than none; or, which is the same thing, in the unwillingness to acknowledge our own ignorance” William Hazlitt (1778-1830) English essayist. “If reality disagrees with theory, reality wins. Always. That's science” Richard Feynman (1918-1988), Nobel Prize laureate in Physics, member of The Rogers Commission Report, which was created to investigate the Space Shuttle Challenger disaster II ACKNOWLEDGEMENTS I would like to express my very great appreciation to Prof.
    [Show full text]
  • ［2］Eric Schlosser, Command and C
    大惨事と情報隠蔽 原注 Handbook for Communicating まえがき Environmental, Safety, and Health Risks, Battelle Press, 2004 ［1］Scott D. Sagan, The Limits of Safety, ［7］Regina E. Lundgren and Andrea H. Princeton University Press, Philadelphia, McMakin, Risk Communication: A 1995 Handbook for Communicating ［2］Eric Schlosser, Command and Control, Environmental, Safety, and Health, Nuclear Weapons, the Damascus Accident, Wiley-IEEE Press, 2013 and the Illusion of Safety, Penguin Books, ［8］Timothy L. Sellnow, Robert R. Ulmer, 2014 Matthew W. Seeger and Robert Littlefield, ［3］Mikhail Gorbachev, Turning Point at Effective Risk Communication: A Chernobyl, Project Syndicate, April 14, Message-Centered Approach, Springer, 2006, http://www.project-syndicate.org/ 2009 commentary/turning-point-at-chernobyl ［9］Peter Bennett, Kenneth Calman, Sarah ［4］Dan Ariely, Predictably Irrational: The Curtis and Denis Smith, Risk Hidden Forces That Shape Our Decisions. Communication and Public Health, Harper Perennial, New York, 2010（ダン・ア Oxford University Press, 2010 リエリー『予想どおりに 不合理―行動経済学が ［10］Robert L. Heath and H. Dan O'Hair, 明かす「あなたがそれを選ぶわけ」』熊 谷 淳 子 訳 、 Handbook of Risk and Crisis 早川書房、2008年） Communication, Routledge, 2010 ［11］Pamela (Ferrante) Walaski, Risk and 第1部 リスク情報隠蔽はなぜ問題か Crisis Communications: Methods and Messages, Wiley, 2011 ［1］Hedberg, B., How organizations learn ［12］James E. Lukaszewski, Lukaszewski on and unlearn, in: Nyström, P.C. & Starbuck, Crisis Communication: What Your CEO W.H., Handbook of Organizational Needs to Know About Reputation Risk and Design, Oxford University Press, 1981 Crisis Management, Rothstein Associates ［2］Mullins, L.J. and G. Christy, Inc., 2013 Management & Organisational Behavior, ［13］Joseph Arvai and Louie Rivers III, Financial Times Management, May 2010 editors, Effective Risk Communication, ［3］Lee Clarke, Mission Improbable: Using Routledge, 2013 Fantasy Documents to Tame Disaster, ［14］Robert R.
    [Show full text]
  • Beach Books: 2014-2016
    BEACH BOOKS: 2014-2016 What Do Colleges and Universities Want Students to Read Outside Class? February 2016 A report by the National Association of Scholars BEACH BOOKS: 2014-2016 What Do Colleges and Universities Want Students to Read Outside Class? February 2016 DAVID RANDALL © 2016 National Association of Scholars ABOUT THE NATIONAL ASSOCIATION OF SCHOLARS Mission The National Association of Scholars is an independent membership association of academics and others working to sustain the tradition of reasoned scholarship and civil debate in America’s colleges and universities. We uphold the standards of a liberal arts education that fosters intellectual freedom, searches for the truth, and promotes virtuous citizenship. What We Do We publish a quarterly journal, Academic Questions, which examines the intellectual controversies and the institutional challenges of contemporary higher education. We publish studies of current higher education policy and practice with the aim of drawing attention to weaknesses and stimulating improvements. Our website presents a daily stream of educated opinion and commentary on higher education and archives our research reports for public access. NAS engages in public advocacy to pass legislation to advance the cause of higher education reform. We file friend-of-the-court briefs in legal cases, defending freedom of speech and conscience, and the civil rights of educators and students. We give testimony before congressional and legislative committees and engage public support for worthy reforms. NAS holds national and regional meetings that focus on important issues and public policy debates in higher education today. Membership NAS membership is open to all who share a commitment to its core principles of fostering intellectual freedom and academic excellence in American higher education.
    [Show full text]
  • Escaping Liability Via Forum Non Conveniens: Conocophillips's Oil Spill in China
    LIU ESCAPING LIABILITY VIA FORUM NON CONVENIENS (DO NOT DELETE) 4/21/2014 4:07 PM ESCAPING LIABILITY VIA FORUM NON CONVENIENS: CONOCOPHILLIPS’S OIL SPILL IN CHINA CHENGLIN LIU* In 2011, a year after British Petroleum (BP)’s oil spill in the Gulf of Mexico, ConocoPhillips’s subsidiary in China caused a massive oil spill in the Bohai Sea. A group of fishermen suffered severe property damage as a result of the oil spill. After a failed attempt to have their complaint heard in a Chinese court, the fishermen sued ConocoPhillips in the United States District Court in Houston, Texas. It is very likely that the Houston District Court will deem the Chinese courts the more appropriate forum for this case and grant ConocoPhillips’s motion for forum non conveniens dismissal. This article argues that the Chinese courts are neither an available nor an adequate forum for mass tort cases involving environmental damage – particularly when the defendant is a multi-national corporation (MNC). In a forum non conveniens analysis of these cases, a superficial examination of Chinese law as written is insufficient, because the laws on the books in China are often disregarded due to political influence and fear of the negative impact of open trial on economic growth. This article further contends that U.S. courts should allow for a substantial examination of how these laws are implemented when deciding the adequacy of a Chinese forum. Finally, it is in the interest of U.S. courts to impose liability on U.S. corporations that inflict tortious acts in foreign countries.
    [Show full text]
  • EU Leaders Air Disputes Over How to Handle Crisis
    32 THURSDAY, OCTOBER 2, 2008 THE WALL STREET JOURNAL. THE FINANCIAL CRISIS China’s thirst keeps oil price aloft Continued hunger China's share of global consumption growth, forecast for 2009 Continued from first page the same month last year. over the next two years. VOL. XXVI NO. 172 THURSDAY, OCTOBER 2, 2008 fell 2.1%, or $2.11, to $98.53 on Government data, meanwhile, in- Even if China’s exports slump, Aluminum Wednesday on the New York Mercan- dicate a decline in Chinese home the country could use its huge for- Iron ore Œ2.90 tile Exchange. prices in August. A Morgan Stanley eign-currency reserves to fund new Oil Œ2.90 U.S. business and trade But thus far, the West’s eco- strategist recently warned of a pos- public-works projects, from roads Steel - Spain nomic maladies haven’t caused ma- sible “meltdown” ahead in China’s and dams to housing complexes and - France leaders urge a rescue plan Copper jor slowdowns in the East. Oil de- property industry. power plants—all of which would NEWS IN DEPTH | PAGES 16-17 EU leaders air disputes mand in developed countries has In the worst-case scenario, Chi- buoy raw-material demand. Govern- Corn Œ3.20 shrunk, but in Asia, particularly na’s economy would slow dramati- ment spending on infrastructure Nickel Sk 100/Œ3.32 China, and the Middle East it’s still cally or slide into recession over the rose 42% in the first half compared Soybeans - Finland Why UniCredit’s stock has growing at a fair clip.
    [Show full text]
  • Downloadable Business Audiobooks Duke.Lib.Overdrive.Com
    Downloadable Business Audiobooks duke.lib.overdrive.com = Recently Added! o #AskGaryVee, by Gary Vaynerchuk o 101 Secrets of Highly Effective Speakers, by Caryl Rae Krannich o #GIRLBOSS by Sophia Amoruso o The 250 Job Interview Questions, by Peter Veruki o 2030 by Mauro Guillen o The 5AM Club, by Robin Sharma o 24/6: The Power of Unplugging One Day a Week by Tiffany Shlain o The Achievement Habit, by Bernard Roth o The 4% Fix by Karma Brown o Acing the Interview, by Tony Beshara o The 7 Habits of Highly Effective People, by Stephen R o Acting with Power by Deborah Gruenfeld Covey o Aftermath by James Rickards o 7 Skills That Will Catapult Your Career, by Stephen R. Thorne o The Age of Cryptocurrency, by Paul Vigna o The 10-Step Stress Solution, by Neil Shah o The Age of Surveillance Capitalism, by Shoshana Zuboff o 12, by Rodd Wagner o Agent of Influence, by Jason Hanson o 13 Bankers, by Simon Johnson o AgeProof, by Jean Chatzky o The 15 Invaluable Laws of Growth, by John C Maxwell o Ages of American Capitalism by Jonathan Levy o The 2-Hour Job Search, by Steve Dalton o Agile by Jonathan Todd Ross o The 21 Success Secrets of Self-Made Millionaires, by o The AI-First Company by Ash Fontana Brian Tracy o Aim High by Deborah Lee James o 25 Things to Say to the Interviewer, by Dexter Hawk o The Aisles Have Eyes, by Joseph Turow o The 30-Day Money Cleanse, by Ashley Feinstein Gerstley o The Alchemists, by Neil Irwin o 30 Days: Change Your Habits, Change Your Life by Marc Reklau o Alchemy, by Rory Sutherland o 30-Second Psychology, by Christian
    [Show full text]
  • Appendix Viii | 501
    APPENDIX VIII | 501 APPENDIX VIII: TEXTS ASSIGNED, 2007/2008–2017/2018 Text Assignments "Introduction" and "Welcome to Crisis Ministry" 1 from Scratch Beginnings: Me, $25, and the Search for the American Dream (2008) / Adam W. Shepard "Lisa and American Anti-Intellectualism" from 1 The Simpsons and Philosophy: The D'oh! of Homer (2001) / Aeon J. Skoble "Only Connect…" The Goals of a Liberal 2 Education (1998) / William Cronan "What Is Service Learning?" from Learning 1 through Serving: A Student Guidebook for Service-Learning Across the Disciplines (2013) / Christine M. Cress $2.00 a Day: Living on Almost Nothing in 2 America (2015) / H. Luke Shaefer and Kathryn Edin “They Say, I Say": The Moves That Matter in 1 Academic Writing (Third Edition) (2014) / Gerald Graff and Cathy Birkenstein “Why Are All the Black Kids Sitting Together in 4 the Cafeteria?” and Other Conversations About Race (1997) / Beverly Daniel Tatum 1 Dead in Attic: After Katrina (2007) / 3 Chris Rose 1000 Dollars and an Idea: Entrepreneur to 1 Billionaire (2009) / Sam Wyly 127 Hours Between a Rock and a Hard Place 1 (2004) / Aron Ralston 1491: New Revelations of the Americas Before 2 Columbus (2005) / Charles Mann 1984 (1949) / George Orwell 2 29 Gifts: How a Month of Giving Can Change 1 Your Life (2009) / Cami Walker 31 Hours (2009) / Masha Hamilton 1 365 Days, 365 Plays (2006) / Suzan-Lori Parks 1 420 Characters (2011) / Lou Beach 1 A Backpack, a Bear, and Eight Crates of Vodka 2 (2014) / Lev Golinkin 502 | TEXTS ASSIGNED, 2007/2008–2017/2018 Text Assignments A Call to Action: Women, Religion, Violence, and 1 Power (2014) / Jimmy Carter A Chance in the World: An Orphan Boy, A 3 Mysterious Past, and How He Found a Place Called Home (2012) / Steve Pemberton A Chant to Soothe Wild Elephants (2008) / 2 Jaed Coffin A Companion for Owls: Being the Commonplace 1 Book of D.
    [Show full text]
  • The Windfall Myth
    Brigham Young University Law School BYU Law Digital Commons Faculty Scholarship 12-31-2010 The Windfall Myth A. Christine Hurt BYU Law School, [email protected] Follow this and additional works at: https://digitalcommons.law.byu.edu/faculty_scholarship Part of the Contracts Commons Recommended Citation A. Christine Hurt, The Windfall Myth, 8 Gᴇᴏ. J. L. & Pᴜʙ. Pᴏʟ’ʏ 339 (2010). This Article is brought to you for free and open access by BYU Law Digital Commons. It has been accepted for inclusion in Faculty Scholarship by an authorized administrator of BYU Law Digital Commons. For more information, please contact [email protected]. The Windfall Myth CHRISTINE HURT* INTRODUCTION .......................................... 340 I. W HAT IS A W INDFALL? . 345 A. Definitional Work ................................ 345 1. "Caused by the Recipient" .. ...................... 345 2. "Unanticipated" ................................ 347 3. The Role of Chance ........................... 348 B. Taxonomy of Windfalls ............................ 349 1. Unlawful Increases to Wealth .................... 350 (i) Illegal Windfalls ........................... 350 (ii) Wrongful Windfalls ........................ 351 2. Lawful Increases to Wealth ..................... 351 (i) Classic Windfalls .......................... 351 (ii) Gratuitous Windfalls ....................... 352 (iii) Regulatory Windfalls ....................... 353 (iv) Earned Windfalls .......................... 354 C. Challenges to the Premise of the Earned Windfall ........ 355 1. Excess
    [Show full text]
  • Excerpt from Oil Capital: the History of American Oil, Wildcatters, Independents and Their Bankers Bernard F
    Oil and Gas, Natural Resources, and Energy Journal Volume 2 | Number 2 July 2016 Excerpt from Oil Capital: The History of American Oil, Wildcatters, Independents and Their Bankers Bernard F. Clark, Jr. Follow this and additional works at: http://digitalcommons.law.ou.edu/onej Part of the Energy and Utilities Law Commons, Natural Resources Law Commons, and the Oil, Gas, and Mineral Law Commons Recommended Citation Bernard F. Clark, Jr., Excerpt from Oil Capital: The History of American Oil, Wildcatters, Independents and Their Bankers, 2 Oil & Gas, Nat. Resources & Energy J. 23 (2016), http://digitalcommons.law.ou.edu/onej/vol2/iss2/2 This Article is brought to you for free and open access by University of Oklahoma College of Law Digital Commons. It has been accepted for inclusion in Oil and Gas, Natural Resources, and Energy Journal by an authorized administrator of University of Oklahoma College of Law Digital Commons. For more information, please contact [email protected]. ONE J Oil and Gas, Natural Resources, and Energy Journal VOLUME 2 NUMBER 2 EXCERPT FROM OIL CAPITAL: THE HISTORY OF AMERICAN OIL, WILDCATTERS, * INDEPENDENTS AND THEIR BANKERS ** BERNARD F. CLARK, JR. CHAPTER 8: THE NEW MILLENNIUM “It must be seen in its role in the perennial gale of creative destruction . .” —Joseph Schumpeter The arrival of the new millennium brought a collective sigh of relief for borrowers and lenders alike, as computer clocks rolled over from ’99 to ’00 and a feared, computer-code-based collapse of digital systems failed to materialize. After all of the hoopla, the New Year arrived with a yawn.
    [Show full text]