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...would be especially vulnerable, as would the rest of an increasingly China-centric Asian supply chain. Nor has the developing world become more self-sufficient. While pan-Asian trade has increased significantly since the late 1990s, much of the trade is driven by demand for commodities and components to feed China's factories - which in turn rely heavily upon the U.S. as the consumer of last resort. Heightened geopolitical tensions could compound the risks in the markets. The rapidly escalating conflict in the Middle East, along with the North Korean missile crisis and another terrorist attack in India, has already...
...reports about the treatment of suspected terrorists at Guantánamo Bay are disturbing [July 10]. Restraining a person in order to force-feed him via a nasogastric tube is revolting. As a doctor, I am shocked that our government engages in this abuse; as a Muslim, I am frightened that presumed religious fundamentalists have been so psychologically and physically tortured that they have tried to kill themselves (suicide, according to Islam, sends one straight to hell); and as a U.S. citizen, I find it morally unacceptable that inhuman acts are committed in our country's name...
...There's music in a lot of the soldiers' videos, but precious little uplift. In "The War Tapes," one soldier/auteur complains frequently about the risks he and his comrades take to protect the property of the Halliburton subsidiary subcontracted to feed the troops: "Why the f--- am I sitting out here guarding a truck full of cheesecake?" he laments. After another guardsman supplies a Bush Administration-approved justification for their presence (freedom and democracy for the Iraqi people, stability in the Middle East), the cameraman asks, "tell me how you really feel." Deadpan, he continues: "After that happens, maybe...
China has built more capacity than they have electricity to support or alumina to feed operations. This has driven up the price of alumina because they're a big importer of alumina. Over the next two to three years, some of that capacity will be activated, but probably not all of it. In the mid- to longer term, China will be in balance. It will not be an exporter and could even go into deficit and be an importer [of aluminum]. That would be good for the world aluminum market. The price of aluminum going forward will be higher than...
Renewable energy has got more interesting since Woertz, an executive at Chevron, was named CEO of Archer Daniels Midland Co. (ADM), a $36 billion agricultural processor. The move suggests that ADM--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...