Word: giante
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...years ago, Dr. Daniel Vasella, the Swiss CEO of pharmaceutical giant Novartis, told an American interviewer that his firm was going to have to spend a lot more time talking to NGOs. The journalist's response: "What's an NGO?" Let's hope he knows now. NGOs--nongovernmental organizations--have won significant influence over global companies. The demonstrations against global capitalism at the G-8 summit in Genoa were the latest manifestation of a trend that--mostly quietly and behind the scenes--is defining our age. From Home Depot (criticized for its use of tropical hardwoods) to Starbucks (attacked...
Even a poison secreted by South American frogs and used by tribes like the Piaroa to make deadly blowgun darts now serves as the basis for a morphine substitute being developed by Chicago-based drug giant Abbott Laboratories. "This is what I call the genetic patrimony of our indigenous peoples," says Venezuelan Science and Technology Vice Minister Marlene Yadira. "And if these communities disappear" because of their poverty, "who will be the source of this knowledge for the companies...
Saudi Arabia's specific production risk stems from the fact that almost 90% of its supply comes from only five key but aging giant oil fields. Each of those aging fields is exposed to a potential production decline. The implications of this risk are enormous, since 35 years of intense exploration in the kingdom has unearthed only one significant new oil field, Shaybah. Its peak production is less than 3% of Saudi Arabia's oil output...
...Ghawar, Abqaiq and Berri fields (which still make up about 90% of Saudi Arabia's light crude) now pump oil from water-injection wells--essentially the low-hanging fruit. Once that ends, oil production in those key fields will decline, and the declines could be steep. The two other giant fields producing lesser-quality oil are subject to this same risk. Quantifying the timing and the magnitude of the pending drop is impossible based on the skimpy data Saudi Arabia now discloses. But the risk is real, and the drop could happen soon...
...major surgery have been treated using the new procedure. That's a small number, but the results are nonetheless stunning: all of them improved. That's why TheraVitae, the privately owned company set up by Fulga and his Thailand-based partner Robert Clark, is being hailed as a potential giant...