Word: copper
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Dates: during 2000-2009
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...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...
...rambling network of rooms at The Railway House (23 Main Road, tel: (27-21) 788 4761) is a fitting showcase for the antique trove contained therein: in the pink room, you can find a fully operational '60s pinball machine, while the African room offers up a hand-beaten copper bath...
...copper and steel statue - formally named Liberty Enlightening the World - has been a fixture of New York City and a symbol for the nation since its dedication by President Grover Cleveland in October 1886. The 225-ton monument arrived a year earlier in 214 crates as a gift from France. Including her pedestal and foundation, Lady Liberty reaches 305 feet; her index finger measures eight feet long, tipped by a 13-inch fingernail. Designed by French sculptor Frederic-Auguste Bartholdi to celebrate the centennial of the Declaration of Independence, the statue's $250,000 tab was covered via donations...
...Telstra's power stems from its stranglehold on the "last mile" of copper wiring to Australian homes, over which most telephone and Internet services are delivered and which rivals must pay to access. By building its own FTTH network, the government will bypass the copper and kick off a new era of competition where Telstra is an equal player on an open-access network. "This will totally change the telco industry and Telstra," says Budde. "Think if the road system was owned by one company that said 'you have to drive these cars.' Without open access to the roads there...
...interest rates, Ecuador - unlike Venezuela and Bolivia - hasn't nationalized industries. Indeed, Correa does not shy from development that irks his presumed base of support. A workaholic micromanager who peppers his ministers with cell-phone calls, Correa backed new legislation designed to develop untouched deposits of gold and copper, angering indigenous groups and environmentalists. Communists rail against his introduction of testing of public-school teachers. "Correa isn't stupid," says analyst Margarita Andrade at Analytica Investments in Quito. "At the end of the day, he has been pragmatic." (Read about a lawsuit by Ecuadorians against oil giant Chevron...