Word: canals
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...Carter during his first gubernatorial campaign and earned a spot in the future President's inner circle by crafting an audacious blueprint for winning the Oval Office. After Carter's election, Jordan served as a key adviser on both domestic and international affairs, counseling Carter on the Panama Canal treaty and the 1979 Iranian hostage crisis. He died at age 63 after a long battle with cancer...
...idea of Olympic boycott as political protest goes back at least to 1956. Several European countries refused to go to Melbourne because the Soviet Union had crushed the Hungarian uprising, while some Middle East nations stayed away because of a fight over control of the Suez Canal...
...also championing a massive public works project - the planned Grand Korean Waterway, a controversial 336-mile canal that would link the country's industrial northwest to the southeast city of Busan, south Korea's largest port. The government says the canel will attract tourists, provide cheaper freight transport and stimulate economic development in the interior. Environmental groups and opposition politicians are calling the project a boondoggle, although Lee insists the $16 billion project can be privately funded so that taxpayers won't have to pick up the tab. "Obviously, [the canal] would help the economy," in part because it would...
...Even if he wins support for the canal, other Lee initiatives could bog down. South Korea's notoriously prickly labor unions are vehemently against ratification of a free-trade agreement with the U.S. signed last year; Lee, who unlike his predecessor Roh Moo Hyun is unabashedly pro-America, says the agreement would increase trade. He also supports ongoing efforts to privatize the energy sector and railroads, which union members have vowed to fight. "We don't agree with the policies of the new government," says Lee Chang Geun, the international executive director of the Korea Confederation of Trade Unions...
...economic boom in China and, to a lesser extent, India. "No one saw this coming down the line 10 years ago," says Harry Tchilinguirian, senior oil market analyst for BNP Paribas in London. "You have to look at where demand growth is. Everyone looks West of the Suez Canal. But in fact all the action is happening east of that...