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Bully Pulpit

The term "bully pulpit" stems from President Theodore Roosevelt's reference to the White House as a "bully pulpit," meaning a terrific platform from which to persuasively advocate an agenda. Roosevelt often used the word "bully" as an adjective meaning superb/wonderful. The Bully Pulpit features news, reasoned discourse, opinion and some humor.

Wednesday, July 20, 2005

Unocal backs sweetened $17 bln Chevron bid

From washingtonpost.com:

PHILADELPHIA/SINGAPORE (Reuters) - U.S. oil producer Unocal Corp. endorsed a sweetened $17 billion takeover offer from Chevron Corp., preferring it to a higher bid from China's state-run CNOOC Ltd. <0883.hk>.

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