…years, namely Iran and the UAE. As for Libya, the current turmoil needs to come to an end, while the scale of any Iraqi long-term output increase remains the biggest uncertainty. Chart 38: We estimated that demand will grow by 5.9mn bpd in 2015- Chart 39: Other than Saudi Arabia...
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…e themes, and polling feedback suggests shareholders want banks to make investment spend in innovation a priority -- so long as its self funded with savings found elsewhere. 68% of those polled across multiple company presentations believed that institutions should invest in inno...
psychology to (at least momentary) consideration of a career in government service. A student with the long-held intent of becoming a researcher and with no interest in politics, government, or public service might seem to be an immovable object. And yet, in that moment, Jordan’s...
…and cars - used to echo our pace of life. Now we echo theirs. The machines, the New Caste, the black boxes - they tick along constantly, ever faster. We rely on them, as we've seen, for our safety. We want them to be fast. To be instant. But what is this doing to us? Is completel...
The FCPA: Anti-Bribery Provisions years after the acquisition. After another employee of Company A reports the long-running bribe scheme to a director at Foreign Government Agency, Company A stops the payments and DOJ and SEC investigate. Based on these facts, would DOJ or SEC...
… burning candle of birth-love-marriage-death. Time, in the days before industry, was measured by nature’s schedule. How long it took a crop to mature. The solstices. A beehive filling with honey. It was marked by moving tides and shifting seasons, and it demanded a slowness, a pe...
…t’s Mary Jo Foley last week, after his retirement announcement. “| would say for me, yeah, I’ve thought about it for a long time, but the timing became more clear to me over the course of the last few months,” he insisted. When asked if Gates asked him to stay or go, he said no...
…t, the option. The freedom to explore. Among social animals, only a few species pair bond for life, or at least a very long time. This fact is equally true of the social mammals: less than 5% of the 4000 or so species are strictly monogamous. For these rare species, most of thei...
…Company A instead paid for the senior officials to travel first-class with their spouses for an all-expenses-paid, week-long trip to Las Vegas, where Company A has no facilities? Yes. This conduct almost certainly violates the FCPA because it evinces a corrupt intent. Here, the...
…er? What does gatekeeping tell us? The dominant view of future relations between Americans and Chinese generally runs along a nervously familiar historical track: An established power (the US) anda rising one (China) consider each other. Do they cooperate? Scratch at each other...
…uests by the CIA, FBI, Pentagon and other agencies for communications intelligence, for example, which was 31,000 pages long, listed all the gaps in U.S. coverage of adversaries, including those cited by President Obama’s national security team. As Ledgett warned, this single doc...
…ear is a ridiculous 170%), Greece’s near-term financing obligations would decline, due to debt buybacks, exchanges into long maturity bonds, and interest grace periods on new EU loans. More broadly, the plan also allows for money to be lent to countries before they enter into an...
…ready are flying to the stars, with- out really meaning to. The twin Voyager space probes launched in 1977 have endured long past their original goal of touring the outer planets and have reached the boundaries of the sun’s realm. Voyager 1 1s 124 astronomical units (AU) away fro...
…ter down the impact of certain commitments made within the body of the text. In many cases the annexes are exhaustively long and detailed but are rarely read by the public, affording the leaders political space to make agreements that might otherwise face public criticism. The t...
…are Act 0.2% Source: CBO, Goldman Sachs What direction is the Congress heading, and what did Larry Summers and Brad DeLong have to say about this recently? Political outcomes this fall will affect what Congress does, but I get the sense that they will punt fiscal adjustments in...