Word: ironize
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...registered some eye-popping gains over the past month. The London-based index registered its 23rd straight daily gain on Wednesday, closing at 4,291, its highest mark since September and the longest streak of gains since July 2006. Daily rates for the largest Capesize ships, which typically carry iron ore, rose 6.8% on Wednesday to $93,197. Just five months ago, daily ship-rental rates were hovering just above $2,000, about the price of a great seat on opening day at the new Yankee Stadium...
Baltic Index president Jeremy Penn cautions that shipping rates can sometimes fluctuate dramatically, and are often driven by specific factors such as carrier availability in key locations. Indeed the current boost is best explained by Chinese steel production demand and a shortage of the Capesize vessels to haul the iron ore. Penn notes that it is not yet clear whether the core manufacturing that is turning again in China is linked to coming export demand or domestic infrastructure investment. "There are always quirks in the pricing," he notes. "And at the moment it seems a very China-centric market." (Read...
...attempt to facilitate amicable and peaceful coexistence.Prior to Khrushchev’s first visit to the U.S. during the previous month, Soviets had been prohibited from leaving the USSR. The student exchange programs—such as those in which the student delegates participated—demonstrated that the iron curtain had, indeed, begun to fall.In fact, 1959 was also the first year that the U.S. was allowed to host a trade and cultural fair in the Russian capital. However, the fact that the way in which the countries chose their delegation participants differed suggested that political tension and strong...
...Over the years, the quaint little gurdwara on the Rudolfsheim Street on the outskirts of Vienna has become a hub of Sikh separatists who supported an insurgency in Punjab during the 1980s and 1990s. The insurgency was eventually stamped down by an iron-fisted state, and many of its supporters sought and received political asylum in Europe. As Austria's legal South Asian community has become more established, thousands of illegal Sikh migrants from all over Europe have gravitated there. "The gurdwara was lush with offerings from a nostalgic and large-hearted diaspora," says Ramesh Vinayak, who heads the Punjab...
...After childhood polio paralyzed her from the neck down, North Carolina native Martha Mason, 71, spent more than 60 years living in a 7-ft., 880-lb. iron lung that allowed her to breathe without tubes. Despite her condition, Mason graduated with honors from Wake Forest College (now a university) and published a book...