Word: demand
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...Japan's minister for economy, trade and industry, Kaoru Yosano, summed it up on Monday when he said, "Japan is in a very serious situation." Last month, as the nation's export-driven economy watched global demand slow down, Japan's Nikkei index fell to a 26-year low. Couple this with the appreciation of the yen - which some economists say could strengthen to an exchange rate of 80 to the dollar by the end of next year - and it's little wonder that corporate powerhouses like Toyota, Honda and Sony have seen profits dive. Royal Bank of Scotland Japan...
PARIS The Damier Graphite Renzo ($1,100) is a new urban take on the classic Louis Vuitton print and already in demand...
...present in the 37-member Cabinet, three stayed away from Sunday's vote, two grudgingly gave their conditional approval and one - the Minister for Women's Affairs, Dr. Nawal al-Samarrei - voted against the measure because it did not agree to put the pact to a referendum, a key demand of the Tawafuk Front. The front is the largest Sunni parliamentary bloc with 44 of the legislature's 275 seats. "If Tawafuk says no, that means the Sunnis say no," said party spokesman Omar Almashhadani. "We prefer that the U.N. mandate be extended or the Iraqi government agree...
...individuals from harassment. "It's really awful," says Frank Schubert, campaign manager for Yes on 8. "No matter what you think of Proposition 8, we ought to respect people's right to participate in the political process. It strikes me as quite ironic that a group of people who demand tolerance and who claim to be for civil rights are so willing to be intolerant and trample on other people's civil rights...
Where, might you ask, does demand and supply of the commodity come into play? Maybe in an economics textbook somewhere. Perhaps the credit crisis will slow demand somewhat, but certainly not enough to split the price in half. True, recession may be upon us, and that might help justify lower oil prices, but that fear is not the real story behind the fall. Remember: it was not great prosperity that doubled the price...