Word: adm
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...touted as America's long-term relief from Middle East oil dependence. And with his economy staring into an Argentine-style abyss, he needs to sell more of it - especially since the financial crisis has his military enemies itching to stage another coup. (During last week's march, Vice Adm. Alvaro Martin Fossa, the nation's second most powerful military figure, resigned in protest of Chavez's government.) The U.S., meanwhile, bracing for the possibility of petro-market chaos if it invades Iraq, needs more reliable supplies...
...Since then, Castro has paid cash for more than $100 million in additional food and livestock feed shipments, whetting the appetite of U.S. agribusiness giants like ADM and Cargill, as well as Midwestern farmers. By 2005, say optimistic forecasts, the total could reach $1.4 billion, raising Cuba from 51st to around 30th among countries that buy food products from the U.S. As a result, Congress is now considering whether to drop the cash-only requirement...
...winners will be American producers of meats, citrus and nuts. Sunkist shipped 350,000 cartons of oranges, grapefruit and lemons directly to Shanghai and Dalian last year--an amount expected to double this year--and recently started a multimedia Chinese marketing campaign. Farm-product traders such as ADM, Bunge and Cargill should also profit by being allowed to set up import and distribution companies...
...personnel are reportedly negotiating for Omar's surrender. However, U.S. officials doubt he's ready to turn himself in, primarily because they believe Taliban officials are speaking on their own behalf, without Omar?s approval. "These are Taliban forces looking to negotiate themselves out of a predicament," said Rear Adm. John Stufflebeem...
...After Hurricane Michelle ravaged Cuba last month, compounding the island's steep drop in tourism revenues after Sept. 11, Castro refused relief aid from Washington, his archenemy. But the communist dictator did agree to pay $30 million in cash for grain, poultry and vegetable oil from U.S. companies like ADM and Cargill--something he had vowed earlier he would never do. Under pressure from U.S. business and farmers, Congress last year loosened the economic embargo against Cuba, in force since 1962, by allowing commercial sales of food and medicine, as long as Castro pays up front in cash. Castro...