Word: amid
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...their agreed quotas, rather than ship extra oil, as they began doing last April when several members ignored their agreed output limits. OPEC leaders, many of whose economies are heavily dependent on oil exports, have struggled to stabilize prices at a level that suits their own economic needs amid falling demand and rising supplies. Prices had rocketed to a record level of $147 a barrel last July before plummeting to $30 just five months later and beginning a new climb. (See pictures of South Africa's oil-from-coal refinery...
...price-conscious consumers in Europe and the U.S., that may augur a shot of good news. Consider the example of cocoa. Futures prices for the crop have tumbled in recent weeks amid signs of dwindling demand for chocolate products in mature markets. The European Cocoa Association said last month that grinding - the process that turns the crop into cocoa butter or powder and a handy proxy for demand - by its members fell 11% in the first quarter of this year. Grinding across the U.S., Canada and Mexico fell by slightly more in the same period. That's prompted some manufacturers...
...onetime presidential candidate who challenged George H.W. Bush for the Republican nomination in 1988. Now Robertson has added another title: financial adviser. His latest book, Right on the Money: Financial Advice for Tough Times, draws on his own experiences and makes straightforward recommendations for financial planning amid economic turmoil. He talked to TIME about money, religion and politics...
Harvard’s Executive Vice President Edward C. Forst ’82—tasked with overseeing University finances amid an unprecedented economic downturn—will step down after less than one year on the job, University officials announced Tuesday afternoon...
...Nonetheless, a PAD party could pose a major challenge to Prime Minister Abhisit Vejjajiva of the Democrat Party, whose ability to hold together his fractious governing coalition appears increasingly shaky amid civil unrest, political conflicts and an economy that contracted by 7.1% in the first quarter of this year. As Abhisit's coalition is still intact, no election date has been set. "We have been asking for political reform, but for five months this government has not responded to us," Panthep said. "We will ally ourselves with any party that wants transparency, the rule...