Saturday, November 10, 2007

washingtonpost.com News: Oil Price Rise Causes Global Shift in Wealth

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Saturday, November 10, 2007

TODAY'S HIGHLIGHTS
Oil Price Rise Causes Global Shift in Wealth
High oil prices are fueling one of the biggest transfers of wealth in history. Oil consumers are paying $4 billion to $5 billion more for crude oil every day than they did just five years ago, pumping more than $2 trillion into the coffers of oil companies and oil-producing nations this year alone.
(By Steven Mufson, The Washington Post)

House Passes Bill to Ease Alternative Minimum Tax
(By Jonathan Weisman, The Washington Post)

Thompson Reveals Social Security Plans
Voluntary Savings Accounts, Slower-Growing Benefits Proposed
(By Michael D. Shear, The Washington Post)

N. Korea Offers Evidence to Rebut Uranium Claims
(By Glenn Kessler, The Washington Post)

A Human Rights Champion, Cheerfully Defiant
(By Emily Wax, The Washington Post)

More Today's Highlights

POLITICS
Can Va.'s Davis Team Divorce Themselves From Politics?
Theirs is a partnership of politics and ambition that formed a decade ago and grew into something more.
(By Amy Gardner, The Washington Post)

House Passes Bill to Ease Alternative Minimum Tax
(By Jonathan Weisman, The Washington Post)

Rice's Management at Issue
Critics Cite Blackwater, Baghdad Embassy and Passports
(By Glenn Kessler, The Washington Post)

Tax Hike Squeaks Through Md. Senate
Bill Would Raise $1.4 Billion a Year
(By John Wagner and Philip Rucker, The Washington Post)

Thompson Reveals Social Security Plans
Voluntary Savings Accounts, Slower-Growing Benefits Proposed
(By Michael D. Shear, The Washington Post)

More Politics

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NATION
Taking Lead Safety Into Its Own Hands
When a California public-interest group decided that regulators in Washington were ignoring hazardous lead in children's lunchboxes, it pursued the case on its own and forced several manufacturers to get the lead out of their products.
(By Annys Shin, The Washington Post)

O.J. Simpson's Ex-Ally Testifies
Celebrity Tried to Influence Story About Guns, Witness Says
(By Karl Vick, The Washington Post)

The Hollywood Strike, A Reality Show With Script
Writers Nosh and Picket While Crews Are Idle
(By William Booth Lisa de Moraes, The Washington Post)

Kerik, Indicted on Corruption Charges, Pleads Not Guilty
Prosecutors Allege Years of Fraud and Lying
(By Dafna Linzer, The Washington Post)

NATION IN BRIEF
(The Washington Post)

More Nation

WORLD
N. Korea Offers Evidence to Rebut Uranium Claims
North Korea is providing evidence to the United States aimed at proving that it never intended to produce highly enriched uranium for nuclear weapons, undermining a key U.S. intelligence finding, South Korean and U.S. officials said this week.
(By Glenn Kessler, The Washington Post)

Intense Fighting in Somali Capital Kills at Least 50
(By Stephanie McCrummen, The Washington Post)

Oil Price Rise Causes Global Shift in Wealth
Iran, Russia and Venezuela Feel the Benefits
(By Steven Mufson, The Washington Post)

A Human Rights Champion, Cheerfully Defiant
(By Emily Wax, The Washington Post)

Massive Police Turnout in Pakistan Stalls Musharraf's Foes
Bhutto Held 14 Hours, Thousands Arrested As Protest Is Blocked
(By Pamela Constable and Griff Witte, The Washington Post)

More World

METRO
Tax Hike Squeaks Through Md. Senate
A sharply divided Maryland Senate approved a $1.4 billion annual tax increase yesterday, the largest component of a plan to close a gaping state budget shortfall that Gov. Martin O'Malley is pushing lawmakers to adopt in a special legislative session now two weeks old.
(By John Wagner and Philip Rucker, The Washington Post)

Documents Show Police Stereotyping, Plaintiffs Say
(By Dan Morse, The Washington Post)

Dogs' Best Friends to the Rescue
Volunteers Rush to the Aid of Animals Seized at Suspected Va. Puppy Mill
(By Annie Gowen and Donna St. George, The Washington Post)

Six Flags' Profit Falls 46%; Stock Descends
(By Thomas Heath, The Washington Post)

Etched in Memory
At 25, the Wall Contains People's Grief, Healing the Gash in Our Nation That Was the Vietnam War
(By DeNeen L. Brown, The Washington Post)

More Metro

BUSINESS
Oil Price Rise Causes Global Shift in Wealth
High oil prices are fueling one of the biggest transfers of wealth in history. Oil consumers are paying $4 billion to $5 billion more for crude oil every day than they did just five years ago, pumping more than $2 trillion into the coffers of oil companies and oil-producing nations this year alone.
(By Steven Mufson, The Washington Post)

Stocks Fall Again As Another Bank Tallies Its Losses
(By Nancy Trejos, The Washington Post)

Post Co.'s Graham and Wife to Separate
(By Frank Ahrens, The Washington Post)

Merck Agrees to Blanket Settlement on Vioxx
(By Carrie Johnson, The Washington Post)

Fannie Mae Expenses Up Sixfold From Bad Loans
Mortgage Firm's Declines Contribute to Market Loss
(By David S. Hilzenrath, The Washington Post)

More Business

TECHNOLOGY
Sprint, Clearwire Call Off WiMax Network Partnership
Sprint Nextel and Clearwire said yesterday they were calling off their joint plan to build a national high-speed wireless network using WiMax technology, dealing another blow to Sprint as it struggles to regain its footing.
(By Kim Hart, The Washington Post)

IPhone Goes on Sale in Europe
(By MATT MOORE, AP)

Challenger to Wynn Hopes For Edge From Internet Buzz
(By Rosalind S. Helderman, The Washington Post)

More Technology

SPORTS
Establishing His Position
Roy Hibbert has developed into perhaps the best pure center in the country but still seems himself as merely a part of the Hoyas' puzzle.
(By Camille Powell, The Washington Post)

Florida State Wannabes Wanna Beat Florida State
(By Adam Kilgore, The Washington Post)

Redskins' Receivers Are in a Sore Spot
(By Jason Reid, The Washington Post)

For Wizards, It's Worst in Show
Woeful 0-5 Start Equals Mark of 1966-67 Bullets: Nuggets 118, Wizards 92
(By Ivan Carter, The Washington Post)

No. 4 Terps Stop Princeton With Team Effort in WNIT
(The Washington Post)

More Sports

STYLE
More Honorable Mentions
More Honorable Mentions from Week 735 of The Style Invitational, which invited readers to enter (or reenter) any or all contests from Week 681 to Week 731:
(The Washington Post)

Etched in Memory
At 25, the Wall Contains People's Grief, Healing the Gash in Our Nation That Was the Vietnam War
(By DeNeen L. Brown, The Washington Post)

NAMES & FACES
(The Washington Post)

Can Va.'s Davis Team Divorce Themselves From Politics?
He's Out of the Race. She Lost. What Now?
(By Amy Gardner, The Washington Post)

The Hollywood Strike, A Reality Show With Script
Writers Nosh and Picket While Crews Are Idle
(By William Booth Lisa de Moraes, The Washington Post)

More Style

EDITORIALS
An Air Kiss to the Rich
MARYLAND's Senate has tinkered with Gov. Martin O'Malley's plan to overhaul the state's tax structure and eliminate an annual deficit of at least $1.5 billion. The overall effect of the Senate's modifications is to make a somewhat regressive plan even more so by shifting more taxes
(The Washington Post)

A Chance for Common Sense
Virginia should reform its rules for drawing election districts.
(The Washington Post)

More Editorials


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