25 Oct 2008
Page 1
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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Oct 25, 2008
Page
1
OPEC plans a 1.5 million barrel daily production cut at an emergency meeting to halt price drops, while markets fall across the globe. Iran and Venezuela urged a 2 million bpd cut, but fellow members fear deeper cuts could worsen the crisis. officials warn they could deepen cuts if needed.
Chronology marks October 25 1854 Charge of the Light Brigade during the Crimean War with 600 plus troops facing heavy losses. Geoffrey Chaucer died in London in 1400. The Time of Your Life opened in New York in 1939. Albert Anastasia was killed in 1957. Adlai Stevenson presented Soviet missile proof to the UN in 1962. U.S. invasion of Grenada occurred in 1983.
The United States aids Iraq's move from centralized control to decentralized budgeting, training bureaucrats to allocate oil revenue and unspent funds for reconstruction. Despite a potential 79 billion dollar surplus, insiders cite inexperience, security risks, and slow procedures as barriers. Tatweer courses teach decision trees to choose projects, with students noting instability and black markets complicating feasibility and implementation.
Famed cosmologist Stephen Hawking will step down as Lucasian Professor of Mathematics at Cambridge University at end of the academic year in September. He will remain Emeritus Lucasian Professor and continue research in cosmology and gravitation, while aging into the 67 year retirement rule.
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