Word: lloyds
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...fleet, despite growing competition from companies based in other Asian countries. By 1983 an oversupply of tankers had swamped the industry, and Sanko slipped into the red. While in bankruptcy proceedings, Sanko will try to stay afloat by scuttling some of its 264-ship fleet. ENERGY Slippery Job for Lloyd...
Venerable Lloyd's of London, the 297-year-old insurance exchange, has often accepted offbeat jobs. Its member underwriters have insured ships against sinking, actresses against breaking their legs, and at least one rock star (David Lee Roth of the Van Halen group) against paternity suits. The latest unusual client: the Organization of Petroleum Exporting Countries. OPEC has hired a Lloyd's subsidiary to help find out which countries in the 13-member cartel are exceeding their production quotas and thus depressing oil prices...
...greatest horror comes later, in the twinned crises of Suharto's fall and East Timor. In May 1998, Lloyd Parry reports from a burning Jakarta, "a capital city looted by its own people," as a mix of demonstrators and marauders run wild in the streets. The structure of Lloyd Parry's book, which seems to lack much new research, leans too heavily on a chronological, riot-by-riot retelling of his experience. But his elegant, understated prose preserves a bubble of sanity amid the madness; he's particularly adept at capturing the moments when history is about to be made...
...That borrowed courage can vanish when one changes from witness to participant, as Lloyd Parry learns during his reckoning in East Timor, the book's most gripping section. After the embattled province votes for its independence from Jakarta in 1999, Lloyd Parry watches as anti-independence militias, seemingly with the tacit approval of the Indonesian army, wreak havoc. But this time he's more than a spectator?the militias violently turn on journalists, forcing them to hole up in the United Nations' overcrowded compound. Inside, terrified, he listens to machine guns firing, grenades exploding and refugees wailing. He imagines rockets...
...Lloyd Parry writes as if he has failed some essential test of bravery that, say, George Orwell would have passed. Perhaps, though few would have stood fast so long. But Lloyd Parry knows that Indonesia was far more than his own personal crucible. It was the courage of ordinary Indonesians and East Timorese, not foreign journalists, that stemmed the insanity and helped transform the region. His years there were indeed a time of madness, but madness, like fear, does not last forever...