Word: grips
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...Tuesday, Clinton met with Abbas to reaffirm Washington's support for the creation of a Palestinian state. But Clinton's aides had briefed her on Abbas' woes: nearly half his domain - Gaza - remains in the grip of Islamists Hamas, and even in his West Bank stronghold, his popularity has taken a dive for his failure to gain any concessions on the issue of Israeli settlements...
Other sectors are now in the grip of recession. Earnings at energy companies, for example, are expected to plunge 50%. Technology companies could see their incomes drop by a third. Consumer staples - companies like Procter & Gamble that produce toothpaste and toilet paper - could be one of the few sectors to escape the economic downturn. Goldman expects earnings for those companies to be flat in 2009 compared with last year, before rising...
...world might be sinking into its worst recession in generations, but China is on a wild shopping spree. Sitting some $2 trillion of cash reserves, Beijing is taking advantage of the woes of others to cement its grip on new sources of commodities ranging from olive oil to crude oil -often at fire-sale prices...
...paper for Harvard University's Joan Shorenstein Center. It was difficult enough for reporters, even scientifically literate ones, to dig through dense studies and accurately gauge the state of climatology. Now the big questions facing environmental reporters are not so much scientific as economic, as the country comes to grip with the true cost of fighting climate change. And national politics enter the equation as well - the difference between what science demands and what electoral politics might allow can be vast. It's not an easy beat to cover by any means, and the media may be falling down...
...most will ritually eschew contact with Hamas, they are well aware that cleaning up the humanitarian mess left by Israel's incursion and rebuilding Gaza will require reaching a modus vivendi with the organization, whose popularity among Palestinians continues to grow. Ironically, perhaps, a military campaign to break Hamas' grip on Gaza may, instead, have forced many of Israel's allies to recognize the futility of efforts to topple the organization through military and economic pressure. (View images of life under Hamas in Gaza...