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Beijing had been thought to be out of the running for major contracts in postwar Iraq, with the best deals going to the United States and its allies. But the upsurge in violence there has made the country less attractive to Western producers.
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Roubini, famously pessimistic about the US economy, continues his case for a recession in 2007, and argues that last week’s reported 1.6% GDP will be revised downward after the election.
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Vinod Khosla argues for California Prop 87, establishing an alternative energy investment fund through oil production tax.
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Robert Rapier supports alternative energy investment, but argues that California Prop 87 will not succeed in leaving consumer gas prices level due to induced market imbalances.
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