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...Middle East and North Africa continues to expand...
...pinched by higher prices and pay more to borrow, investors are worried that they'll have less to spend, thus lowering overall demand for goods and services. That's already begun to happen. After growing 5.6% in the first three months of the year, the economy is expected to expand only 3% the rest of the year. Thatand the uncertainty created by the Middle East fightinghas helped batter the stock market; the S&P 500 is down 5% since early May. And rates are rising overseas as well. "It's not just the Federal Reserve," says Chris Burdick, director...
...unpopular politically. In fact, you could argue that he has made a career of it, holding fast to positions that many voters reject, as a sign of strength in these dangerous times. So his willingness to exercise his first-ever veto this week on a bill that would expand federal funding for human embryonic-stem-cell research, which 2 out of 3 voters favor, is not just a way to stroke his political base. "People like leadership much better than a finger in the wind," says White House press secretary Tony Snow. As Bush explained to him while...
...which turns grains and oil seeds into syrups, flour, feed and other products--sees ethanol and biodiesel as bigger parts of its future. Indeed, last month Woertz announced "robust" investment plans for its ethanol business. "Whether it's food, feed or fuel, I think there are great opportunities to expand across our portfolio," she says. So, what about running the largest woman-led company in the U.S.? Her focus is on leading the company, she says, not her status...
...intimate relationship between Iran and Hizballah has evolved since 2000, when Israel's withdrawal from southern Lebanon freed the militant group to expand the scope of its activities in the region. U.S. officials believe Iran has looked increasingly to Hizballah as a tool to thwart the Israeli-Palestinian peace process by encouraging the group to lend operational support to Hamas and Islamic Jihad...