Word: hitting
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...slightly, for some raw materials. In the case of oil, supplies have been reduced by OPEC cutbacks. And commodities traders are bidding up market prices in general on expectations that supply shortages will return with just a modest improvement in demand. That's because miners, farmers and oil drillers, hit by the credit crunch, can't finance investments that would increase their production capacity. Many won't invest today even if they have access to financing because depressed prices make projects uneconomic. The amount of investment in the oil sector, for example, will likely be 30% lower...
...their economies get bigger and their citizens richer. Palm-oil prices, for example, have been rising of late partly because demand from India, with its population of 1 billion, is holding up. In March, China imported a record amount of iron ore and coal, while imports of crude oil hit a 12-month high. The binge is being fueled in part by optimism that Beijing's $586 billion stimulus program will drive a turnaround in the sagging economy. "After a brief pause, China's appetite for natural resources has returned to buoyant levels," Jing Ulrich, chairman of China equities...
...Finally, there's the man above the title. A genuine star who makes hit movies, Hanks has headlined 14 films with a domestic gross of more than $100 million - more than Will Smith (12) and Julia Roberts and Adam Sandler (10 each); only Tom Cruise can match that haul. But Hanks' films usually don't open with a big bang; audiences discover them over time, and by the end, he has a Forrest Gump. At 52, Hanks is not the ideal age for a teen kid's movie icon; his one starring role since Da Vinci, in Charlie Wilson...
...forward on Tuesday: small-business credit-card issuer Advanta said it would shut down all of its cardholders' accounts after billowing losses threatened its viability. And yet elsewhere the credit markets seemed downright rosy. The TED spread - a gauge of how willing banks are to lend to each other - hit its lowest point since the beginning of the credit crisis in the summer of 2007, and companies, including Microsoft and Wal-Mart sold a relatively sizeable $32.6 billion of debt to investors...
...without fail, it began once again—the flurry of e-mails hit the Eliot House list. With the famed Fete only days away, Eliot students of all classes, from rising sophomores through soon-to-be-graduating seniors, began posting their formal tickets for sale, along with desired prices. While the occasional solicitor lamented his or her inability to make the end-of-year ball, munificently allowing some layman the chance to enter the white tent in his or her place, more and more of the e-mails appeared to be planned and timed in advance. Deadlines of when...