Word: lowing
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...Venezuela," says Joyce, "comes fairly low down the list." But Chavez does give a face to the race and an impetus for nationalistic Brazilian politicians to vote for an increase in the military budget. Indeed, part of the proposed new funds will go toward resuscitating the country's dormant arms industry. "We had 1% [share] of the world's arms market in the 1970s and 1980s," says Reserve Colonel Geraldo Lesbat Cavagnari, coordinator of the Strategic Studies Group at Unicamp university. "We need to recuperate that industry and invest in it. That means producing for the Brazilian armed forces...
...reverse side of the strong loonie, the $1 Canadian coin that gets its name from the lake bird pictured on it. Canadians have been pouring over the border to bargain hunt, and the unemployment rate hit a 33-year low of 5.8% in October, owing to gains in the natural resource and service sectors. But the world's eighth largest economy has lost 329,800 manufacturing jobs since the Canadian dollar began its marathon climb five years ago. From an all-time low of 62˘ in 2002, the turbocharged loonie shot past the U.S. greenback for the first time...
...attributed to different styles of play,” Huskies coach Bill Coen said. “We got the ball around the basket, got some offensive rebounds through our athleticism and were able to get fouled there. Their offense was predicated on penetrate-and-kick and high-low stuff. Some of it’s that and we made a conscious effort to get the ball around the basket...
Canada's currency did dive after the dollar coin was introduced - all through the 1990s and into the early part of this century. January 2002 was the bottom. At it's all-time low then, the Canadian dollar was worth just less than 62 U.S. cents. Recovery since then, dramatic and steady, began with something as dull as a rise in oil prices. With that, the laborious process of drawing viscous bitumen out of Alberta's oil sands became ever more viable. Massive shovels churned the earth, digging up the tons of sand needed to produce each barrel...
...great northern diver dipped again, bringing the dollar back below $1 U.S. Today, the major Canadian banks predict commodity prices will fall more as the U.S. economy cools, landing the loonie somewhere around 95 U.S. cents at the end of 2008. But few predict a return to the low, low loonie levels that Canadians knew just one year ago, and that means the structural shift in Canada's economy - with growing differences between sectors and between geographic regions - seems set to continue. "It's almost like a tale of two economies," says Douglas Porter, deputy chief economist at BMO Capital...