Word: deeps
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...artist's studio in Manhattan. Arnold loved to cook but had only a hidden dorm fridge and a hot plate. When he didn't get caught by the landlord, he amped it up, adding a meat slicer and a deli case. "But nothing is like having a commercial deep fryer," he says. "That's a life changer...
...volt battery and a trigger borrowed from a DeWalt high-speed drill, for starters. He began writing about equipment and technology for Food Arts magazine, and one night, while eating at the restaurant wd~50, Arnold chatted up chef Wylie Dufresne, a man so gadget-happy, he has deep-fried mayonnaise. Dufresne, like most people, came away from his first meeting with Arnold just a little dizzy. "He's probably a little ADD," says Dufresne. "He knows a lot about computers, he absorbs scientific texts, he has a photographic memory, and he's an expert on American hams." Arnold became...
Roger Agnelli, a 48-year-old investment banker, became CEO in 2001. He inherited a company whose historic strength lay deep in the Amazon, in the massive iron-ore deposits of Carajas. Iron ore then accounted for 75% of Vale's revenues, and Agnelli's first move was to consolidate domestically, by selling off peripheral holdings in paper and forestry (Agnelli's family business) and using the proceeds to swallow eight rival firms. This gave the company new reserves and more sway over prices to the domestic steel industry, just before the commodities boom really kicked off in 2003 with...
...groups are also hard-pressed to come to a country where a large percentage of budgets must go to protecting foreigners. It is also of deep concern that humanitarian projects cannot be easily monitored because of a lack of security. For the handful of foreign NGOs currently in Baghdad the situation is frustrating, they say, because of the lack of direct contact with their Iraqi beneficiaries. "You are dependent on secondhand information - you could be in Amman or Washington or Paris," says Guy Siri, who says he can count the number of international aid agencies in Baghdad on one hand...
...could take years to start flowing. And so oil prices are likely to remain high for years, and "could go higher, at least temporarily," says Waterlow. He says that if prices continue rising OPEC ministers will need to calculate whether to increase production and help avoid a deep U.S. recession - one lasting enough to ripple across the world, and hit its new oil-hungry customers in Asia. Until then, investors are likely to keep speculating on high-priced oil, and Al-Naimi, Khelil and others will hold the line, no matter the appeals from Washington...