- Israel hits symbols of Hamas rule; scores killed
- Mississippi abortion law can’t be enforced
- Teacher who survived Sandy Hook has book deal
- Jury awards Jesse Ventura $1.8M in case vs. ‘American Sniper’ author Chris Kyle
- Middle Eastern firm’s deal to manage U.S. cargo port raises security concerns
- Bob McDonnell’s defense: Lonely wife developed ‘crush’ on CEO
- Chinese hackers stole ‘huge quantities’ of sensitive data on Israel’s Iron Dome
- House Republicans unveil bill to speed deportations of border children
- Californians protest middle school for hiring white man to teach cultural studies
- Killer’s sentencing overturned because mother couldn’t find seat in courtroom
Energy Briefs: UAE completes pipeline to bypass Hormuz Strait
Question of the Day
DUBAI, United Arab Emirates — The United Arab Emirates on Sunday inaugurated a much-anticipated overland oil pipeline that bypasses the Strait of Hormuz, giving the OPEC member insurance against Iranian threats to block the strategic waterway.
The 236-mile Abu Dhabi Crude Oil Pipeline snakes across western desert dunes and over the craggy Hajar mountains to the city of Fujairah on the UAE’s Indian Ocean coast, south of the strait.
Until now, all Emirati exports were loaded in the Gulf and then sailed out through Hormuz. Once it is running at full capacity, the pipeline could allow the country, OPEC’s third biggest exporter, to ship as much as two-thirds of its peak production through the eastern port city.
Families spending lesson college, survey shows
CHICAGO — Families have implemented more cost-saving strategies to cut college spending in the past academic year, choosing less expensive schools and finding more economical ways for students to attend.
More students also are living at home in order to help afford college, according to a survey being released Monday by Sallie Mae, the country’s largest student lender.
The survey also shows the average amount spent on college by families responding to the survey declined by 5 percent in the 2011-12 school year. More parents and students alike said they make their college decisions based on the cost they can afford to pay than in the previous four studies.
“This really reflects the economic conditions that we see today,” said Sarah Ducich, senior vice president at Sallie Mae.
The Ipsos polling firm conducted the study for Sallie Mae based on telephone interviews in April and May with 1,601 college undergraduates and parents.
NY Fed told of interest rate manipulation in ‘07
The Federal Reserve Bank of New York released documents Friday that show it learned five years ago of big banks understating their borrowing costs to manipulate a key interest rate.
The documents also show Treasury Secretary Timothy F. Geithner, who was then president of the New York Fed, urged the Bank of England to make the rate-setting process more transparent.
A congressional panel requested the documents and is investigating manipulation of the London interbank offered rate (LIBOR), which affects interest people pay on loans.
TWT Video Picks
- Boehner rules out impeachment: 'Scam started by Democrats'
- Obama thanks Muslims for 'building the very fabric of our nation'
- Federal judge grants 90-day stay in D.C. gun case
- Obama's brother wears Hamas scarf bearing anti-Israel slogans in photo
- Smugglers, rainstorm combine to poke holes in border fence
- D.C. seeks to stay judge's order allowing gun owners to carry in public
- Obama: 'Not a new Cold War,' but new Russia sanctions announced
- White House says Russia 'losing' war in Ukraine
- McCLAUGHRY: Finish off the "Islamic State" quickly and cheaply
- PRUDEN: When the hangman botches the job
Obama's biggest White House 'fails'
Celebrities turned politicians
Athletes turned actors
20 gadgets that changed the world