Word: brazil
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...true, is nearly 10 times as many proven reserves as the U.S. has. But most of the stuff is extra-heavy crude. Tapping and processing that tarlike oil require billions in investment. Analysts say PDVSA has been slow to start those projects, including joint stakes with China's CNPC, Brazil's Petrobras and Iran's Petropars in southeastern Venezuela...
...significant share of global production anytime soon. Almost everybody agrees that the pumping of conventionally sourced oil outside the Organization of Petroleum Exporting Countries (OPEC) has already peaked or will peak soon, a reality that even discoveries like the recent 8 billion-bbl. find off the coast of Brazil can't alter because production from so many existing fields is declining...
...many more places for companies to set up shop, and traditional advantages such as cheap labor or a lack of tariffs mean less and less in many industries. Multinationals are increasingly opening major operations in second- and third-tier cities - GlaxoSmithKline in Posnan, Poland, Google in Belo Horizonte, Brazil - places that plenty of people have never even heard of. "Companies are adopting an all-shore strategy," says Dennis Donovan, principal of Wadley Donovan Gutshaw Consulting, which helps companies decide where to locate...
...University, Ira Levin placed second in a CBS screenplay competition, pretty much the last time he was edged out of the top spot. He followed his first, Edgar-winning novel, A Kiss Before Dying, with such iconic horror-thriller mega-best sellers as Rosemary's Baby, The Boys from Brazil and The Stepford Wives and later wrote the long-running 1978 Broadway hit Deathtrap. Levin...
...common? All three are ditching Bill Gates. More and more governments are turning to open-source software like Linux as a cheaper, more flexible alternative to Microsoft's proprietary programs (Microsoft declined to comment for this story.) Linux, in particular, is proving irresistible in the developing world. In Brazil, when Microsoft offered to install Windows in school computers pro bono, Brazil's chief technology officer caused a stir by comparing the company to drug dealers giving the first hit free. The cities of São Paulo, Recife and Porto Alegre are all running Linux, and the federal government aims...