Word: canal
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Dates: during 2000-2009
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...Somali pirates holding Captain Richard Phillips brought the end of a crisis, but it may be the beginning of a longer military effort. This year pirates have attacked dozens of vessels in the Indian Ocean and the Gulf of Aden, which leads into the Red Sea and the Suez Canal. Egged on by generous ransom payments, they're holding more than 300 sailors hostage. Phillips, captain of the Maersk Alabama, was the first one taken off a U.S. vessel. A Red Sox fan, a family man, a good-humored snowboarder, a pillar of his Vermont village who had the courage...
...about 40% of the world's trade passes through the strait on 50,000 vessels that ply its waters every year. Oil from the Persian Gulf flows east to China and Asia's other voracious economies, which in turn send back manufactured goods to the Middle East and Suez Canal...
India sends out more than 120,000 seafarers and Indian industry has $250 billion worth of merchandise going back and forth through the Suez Canal every year. The route is also critical to India for its energy security. Though no Indian-flagged vessel has been taken hostage lately, India has been on the forefront in dealing with hostage situations off the Somali coast, particularly after the Hong Kong-registered MT Stolt Valor was hijacked in September of last year along with its crew of 22, including 18 Indians. The wife of the ship's Indian captain, Seema Goyal, waged...
...reset America's relationship with the global community. And while there's a chance that Obama's foreign tour might be overshadowed by recession-related news at home - summit meetings aren't as juicy as excessive Wall Street bonuses - he'll at least be further afield than the Panama Canal, the site of the first foreign trip by a sitting U.S. president, Theodore Roosevelt...
While most of the development is still to get under way, a clutch of Casco cafés, hotels and cultural sites have already had their makeovers. The most eye-catching is the Canal House Hotel (www.canalhousepanama.com), an elegantly renovated late 19th century mansion where actor Daniel Craig stayed during the three-month Bond shoot. The hotel's three guest rooms are named after the Canal's massive locks - Miraflores, Pedro Miguel and Gatun - and each has a wrought-iron balcony with views of the Casco's Cathedral Plaza and surrounding red-tiled roofs and cobblestone alleyways...