Deflation

Deflation

Halliburton FCPA fines paid exceed $500 million. Iraqi oil fields, second largest reserves in the world, are being auctioned for the first time since 1972. India and the US have wed a nuclear future. The Russians have lost their monopoly on the Indian defence market.

Looks like the publisher got a good deal

Washington DC: Former US vice president Dick Cheney has signed a deal with an imprint of Simon & Schuster to write his memoir. Mary Matalin, his close friend and adviser, is editor in chief of Threshold Editions, which will publish the book.

The memoir is scheduled for release in the spring of 2011 and will cover his time in four presidential administrations and as chief executive officer of the oilfield services provider at Halliburton Co. Cheney will reportedly be paid about $2 million for the book.