Word: contractive
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...have problems paying." Yet, observers see Medvedev's comment as more of a barb than as a viable suggestion. "I would be surprised if the E.U. felt that [helping Ukraine purchase gas from Russia] was an appropriate use of their funds," says Niall Trimble, director of The Energy Contract Company, a consulting company based in England. "In order to rebuild relations, Russia needs a period of uninterrupted supply for a significant time. Action always speaks louder than words and the Russians do have a little bit of work...
...elements of the case were a tabloid's dream and a government's nightmare: a powerful lawmaker and real-estate mogul, a policeman-turned-hitman, scorned love, a $2 million murder contract and leaked photos of a beautiful star's dead body. Though all death sentences must be reviewed by the country's chief religious official, Egyptians are hailing the verdict as evidence that in a legal system often accused of iniquity, nobody is above the law. Moustafa's attorney has vowed to appeal...
...belonged to the poor, marginalized, and mostly immigrant part of our community means that their unemployment will further contribute to the isolation and depression of many of our Boston- area neighborhoods. This is no strategy for times of economic hardship, and it runs contrary to Harvard’s contract with its community to provide education and opportunity to its surroundings in return for tax exemption...
...over the past several months, the prices of oil, copper, palm oil and others have rallied. This shouldn't be happening given the parlous state of the world economy. The International Monetary Fund in April cut its global growth forecast for 2009, predicting GDP would contract by 1.3%, the most severe recession since the 1930s. Yet oil is some 60% more expensive now than in December. Palm oil, which is used in a wide variety of manufactured foods, has surged more than 50% this year. "The only area of the world economy I know of where the fundamentals are improving...
...Brussels Plumbing a Downturn's Depths The economic crisis is hitting the E.U. even harder than its economists predicted in January. According to a new European Commission forecast, the "E.U. is not spared" from the "deepest and most widespread recession in the postwar era." European economies will continue to contract, with unemployment expected to reach nearly 11% by 2010. The report says that despite government bailouts and bank-stabilization plans, the E.U.'s economic situation is "exceptionally uncertain...