Word: crudely
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Eighteen months ago, when the world was awash in asset bubbles, there was perhaps no market more overheated than commodities. Prices of everything from iron ore to palm oil to corn reached dizzying heights. Crude oil nearly quintupled in five years; rice tripled in only five months. World Bank President Robert Zoellick called rising food and oil prices a "man-made catastrophe" that had the potential to quickly erase years of progress in overcoming poverty. Pundits dusted off Malthusian theories that the planet was physically unable to support the burgeoning appetites of an increasingly wealthy global population...
...11th movie to spin off from the original 1960s television series, catapults us into the Land Before Star Trek Began with a brisk, joyous romp that makes us consider renewing those vows. It's a real family film, relatively light on the violence and funny without being overly crude; it even has some touching moments. Those with encyclopedic knowledge of all things Trekkian may sputter over tinkering with the mythology, but it's all justified - not particularly tidily, but handily under the kind of time-traveling clause you might expect from the guy who created Lost. (See TIME...
...Most of the tunnels are pretty crude, what law enforcement call gopher holes. Typically just a few feet down and only long enough to get under a fence or two, they can be dug with a pick axe and shovel in the span of just a few nights. Some of them tap into existing infrastructure, using paved roads as roofs, or by punching their way into extensive storm drainage systems that are sometimes shared by border towns, such as with the town of Nogales, Mexico and its northern neighbor in Arizona - also called Nogales...
...food as their economies get bigger and their citizens richer. Palm oil prices, for example, have been rising of late partly because demand from India, with its population of 1 billion, is holding up. In March, China imported a record amount of iron ore and coal, while imports of crude oil hit a 12-month high. The binge is being fueled in part by optimism that Beijing's $565 billion stimulus program will drive a turnaround in the sagging economy. "After a brief pause, China's appetite for natural resources has returned to buoyant levels," Jing Ulrich, chairman of China...
...seems to be expanding. Luxemburg-based ArcelorMittal, the world's biggest steelmaker, is slashing output by half, for instance. Yet state-supported Chinese steel companies are actually ramping up both capacity and output, according to Chinese government figures. The China Iron and Steel Association says that the production of crude steel has risen since December, from 1.2 million tons a day to 1.4 million. (China's annual excess production capacity is already about 100 million tons, more than the annual U.S. steel output...