Word: drivered
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...minerals prices have rebounded - in part (and ironically) because of a huge government spending binge in China that has had companies here frantically restocking their supplies of copper, iron ore and other commodities used in industrial production. "The biggest driver of discontent [with the Chinalco deal] among Rio shareholders," says Grant Craighead, managing director of Australia-based independent research group Stock Resource, "was that the deal was being struck close to the low point in the current financial crisis. Over recent months the market decided that the worst of the crisis was over, and life's likely to get better...
...While more-cautious lending practices are certainly contributing to decreased borrowing, the bigger driver is that Americans are still feeling the effects of recession the unemployment rate hit 9.4% in May - and choosing to tap credit lines less. Commerce Department figures from earlier this week show that people are now saving 5.7% of their disposable income, the highest rate in 14 years. In an April survey of senior bank-loan officers, the Fed found that demand for loans from households was down in almost every category. (Watch TIME's video of Peter Schiff trash-talking the markets...
...early hours of May 24 at a suburban party in Melbourne, Australia's second largest city in the country's south. Indian student Sravan Kumar Theerthala, a guest at the birthday party, was confronted by party-crashers, one of whom stabbed him in the head with a screw driver allegedly without provocation. (See pictures of Australia's apology for its past aboriginal policies...
...love that). All for $99 per night. Through Sept. 30, you get a fourth night free if you stay three nights. Plus, if you book by July 15, you'll earn a certificate at the end of your stay, good for another free night through Dec. 20. 475 Seagate Driver, Naples...
...Many South Ossetians have left to find work elsewhere. Alan, who didn't want to give his surname, works in Moscow as a driver and sends money home to his family in Tskhinvali. He says that the region cannot continue the way it is. "There are no jobs except for construction-repair jobs, and those positions that are available are paid close to nothing," he says. "Young people leave South Ossetia as soon as they turn...