Word: fourfold
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...Fast-forward now to 2003. In that year, crude oil cost a little more than $30 per barrel.3 Since then, crude oil prices have increased more than fourfold, proportionally about as much as in the 1970s. Now, as in 1975, adjusting to such high prices for crude oil has been painful. Gas prices around $4 a gallon are a huge burden for many households, as well as for truckers, manufacturers, farmers, and others. But, in many other ways, the economic consequences have been quite different from those of the 1970s. One obvious difference is what you don't see: drivers...
...high as 38%, while New Zealand has almost none - and agrarian Kiwis' growing dependence on Chinese machinery, electronics, clothing and furniture are tilting the scales ever more steeply in Beijing's favor. New Zealand's trade deficit with China is its biggest with any nation: $2.7 billion, up fourfold since...
...cruelty at Hallmark/Westland was institutionalized, but its causes were economic. The $133 billion American meat processing and packaging industry has expanded rapidly, as the world’s meat consumption has risen fourfold in the last 50 years. The result is slaughterhouses that mandate a kill every three seconds, and an inspection regime that can’t keep up. Shapiro points out that the simplest way for individuals to stop abuses like those at Hallmark/Westland is to eat less meat. An uncomfortable thought perhaps, but less so than re-watching the video...
...wheels of trade and development. This is where the great banks - Citigroup and HSBC, Goldman Sachs and JP Morgan - have their headquarters and their key regional offices; this is where ambitious companies go to seek financing or go public. Hong Kong - whose stock market's capitalization jumped almost fourfold in the 10 years from 1996 - has especially been able to benefit from the business of the hundreds of Chinese companies that want to raise money in global markets. Its bankers and brokers are continuing an old story. As they circle the globe - there are no less than 187 direct flights...
...greater returns than it would from U.S. Treasury debt, the traditional haven. The largest SWFs--the so-called Super Seven, comprising China, Russia, Abu Dhabi, Kuwait, Norway and two Singapore funds--control up to $1.8 trillion. By 2011, assets held by SWFs worldwide are projected to grow almost fourfold, to nearly $8 trillion, according to Merrill Lynch. By comparison, hedge funds--unregulated private investment pools--control a paltry $1.5 trillion to $2.6 trillion, according to estimates...