Word: gas
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These were expensive lessons, but Beijing has decided that Going Out is still a better economic strategy than staying home. Despite China's slowing economy, officials see the global recession as a prime opportunity to cheaply acquire strategically important raw materials such as iron ore, copper, oil and gas--commodities China will need in vast quantities in the long run. In the past two months, Chinese companies have sought to buy assets abroad at an unprecedented pace. Aluminum Corp. of China (Chinalco) has announced plans to invest $19.5 billion in Rio Tinto, one of the world's largest mining companies...
...need gas, food, and a new windshield,” Stilz says, gingerly touching a widening crack in the glass. He thinks for a moment. “And a deodorizer...
...economic downturn and record-high gas prices have been a boon to public transit. Americans took 10.7 billion trips last year on the nation's trains, buses and subways--the highest level of ridership in 52 years, according to the American Public Transportation Association. But while the rate stayed high even as gas prices dropped, rising unemployment could mean fewer commuters...
...business was a gas while it lasted, but that's a topic for the press-club bar. Instead, consider this: every time a news source dies and an online opinion site rises up, we move a little closer to the fact-starved day when the loudmouths have only themselves to talk about...
...difficult one. And, to his credit, he closed unnecessary plants, laid off workers, and renegotiated union contracts in an attempt to streamline the company. But he did little to pull his company out of its unsustainable reliance on sales of sport utility vehicles and trucks, which plummeted when gas prices rose to $4 per gallon last year. It is largely this reliance that has led GM into its current crisis...