Besides commercial benefits to the oil companies, equity oil abroad also provides national energy security.
A good default, like Portugal or Greece, would be very good for the private equity business.
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Whether a tops-down or bottoms-up investor in bonds, stocks, or private equity, the standard analysis tends to judge an investor or his firm on the basis of how the bullish or bearish aspects of the cycle were managed.
Companies typically borrow money at less than their return on equity and therefore compound their return at the expense of lenders.
No nation can answer for the equity of proceedings in all its inferior courts. It suffices to provide a supreme judicature by which error and partiality may be corrected.
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