Word: expanders
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...director of Columbia University's Earth Institute, estimates that countries hit hardest by the most severe form of malaria have annual economic growth rates 1.3 percentage points lower than those in which malaria is not a serious problem. Sachs points out that the economies of Greece, Portugal and Spain expanded rapidly only after malaria was eradicated in those countries in the 1950s. In other words, fighting malaria is good for business--as many companies with overseas operations have long understood. By the end of this year, Exxon Mobil, which plans to expand activities in the sub-Saharan countries of Chad...
...world's most valuable sports franchises. Internationally, its races attract 350 million TV viewers, compared with the 20 million who tune in to NASCAR's big races. Although F1 is bigger in Europe and Asia than in the U.S., the sport is seeking ways to expand in the U.S., the world's largest car market. But Schumacher's dominance is threatening that. Unlike Woods, whose earlier string of victories clearly contributed to golf's popularity, the fact that the German driver has already won 10 of the 11 F1 races this year is making fans yawn. F1 organizers fear Schumacher...
...August. Splenda, already used in thousands of manufactured foods (one appeal: it withstands heat better than alternatives do), is also going into new mid-calorie sodas from Coca-Cola and PepsiCo. Earlier this year, Splenda was okayed for sale in the European Union. Tate is spending $30 million to expand its sole Splenda plant, in Alabama. The potential catch: many Splenda users are converting from real sugar--Tate's main business. Says Charlie Mills, an analyst at Credit Suisse First Boston in London: "People are forgetting how much of Tate's other business can be threatened by this." --By Barbara...
...curtain is rising this summer on Rodriguez's most interesting act yet: a five-year, $37 billion PDVSA plan to revive and expand oil production while budgeting almost $2 billion a year for antipoverty initiatives ranging from potable-water to literacy projects. Making PDVSA (called Pedevesa) an oil firm cum development agency will be daunting, even with crude prices hovering near $40 a bbl. Venezuela's oil industry has been waylaid by political turmoil, including a reckless near shutdown by anti-Chavez managers and other employees at PDVSA in 2002 and 2003, intended to paralyze the industry and force Chavez...
...military is already stretched to its limits by its commitments in Iraq and Afghanistan, and an attack on Iran would almost certainly spark a mass Shiite uprising against the U.S. in Iraq. Absent options for changing the regime in Tehran by force, they argue, the U.S. needs to expand efforts to win cooperation in areas of mutual concern...