Word: drought
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This year isn't getting off to a much better start. On Thursday, the government announced a severe drought emergency across eight central provinces. The dry conditions have hit an important grain-growing region south and west of Beijing at a time when the country is struggling to keep unemployment in check. (See pictures of Olympic highs and lows in Beijing...
More than 10 million hectares (25 million acres) of wheat, nearly half the country's total winter wheat cropland, are now suffering, the most widespread water shortage since 1951, according to China's Office of State Flood Control and Drought Relief. Beijing has not recorded precipitation since for over four months, the state-run Xinhua news service reported. And across the provinces of Hebei, Henan, Shandong, Anhui, Jiangsu, Shanxi, Shaanxi and Gansu, 4.3 million people and 2 million head of livestock are experiencing water shortages...
...Terriers will come into the game hungry, as they have endured the longest title drought of any of the four participating teams...
...Pfizer (PFE) deal to buy Wyeth (WYE) for $68 billion looks like a single M&A deal which will break the drought in investment banking activity, but only...
...fourth quarter earnings which are coming out now and the forecasts for next year are as useless as a boat in a drought. Google (GOOG) has a quarter which was better than expected. Because it is in a fast-growing segment of the internet, it would be reasonable to assume that its trajectory would continue up. Actually, there is just as much of a chance that the slowdown in advertising spending will damage Google's business. (See pictures from Google's candid camera...