The reliance on low interest rates to spur activity was exemplified in the weekly MBA mortgage activity indices where a challenged housing market failed to spark either purchase or refinancing activity despite a slide in borrowing cost last week.

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Maybe Chesapeake can interest Indian billionaire Mukesh Ambani, whose Reliance Industries already made two deals in the Marcellus this year.

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If so, then we take one course for now and when the crisis is over, we can revert back to self-reliance and shameless pursuit of selfish interest.

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According to one person familiar with the situation, Mukesh has expressed interest in leasing fiber-optic cables from Anil's firm, Reliance Communications Ltd.

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