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...fear that the investment in Rio Tinto could give China more influence over the price of iron in global commodities markets. Every year, steel and aluminum producers worldwide dicker with the big raw-material producers over new contracts. During the boom years, when Chinese companies' appetite for virtually every metal was voracious, they got stuck with stiff price increases. But the deal could give Chinalco, which already owns 9.3% of Rio, additional stakes in the mining company's choicest deposits of copper, iron ore and bauxite. The secretary general of China's Iron and Steel Association, Shan Shanghua, has already...

Author: /time Magazine | Title: Buying Binge | 3/5/2009 | See Source »

...foreign debt or busting the budget, as they feared he would, Lula embraced one of the few positive legacies of Brazil's royalist roots: deliberate, negotiated consensus-building. It's a hallmark of Brazil's widely respected diplomatic corps - and it tempered Lula even when he was a metal-workers union boss in the 1970s. Unlike more radical Latin leftists, such as Venezuelan President Hugo Chávez, Lula "was always a negotiator," says union pal and former congressional Deputy Djalma Bom, who recalls Lula telling him to stop reading Lenin 30 years ago. Even rivals like Rubens Ricupero...

Author: /time Magazine | Title: The One Country That Might Avoid Recession Is... | 3/5/2009 | See Source »

...conditions, which have made it extremely difficult to obtain funding. Her research focuses on harnessing fungi’s ability to remove harmful substances produced by mining sites. In particular, Hansel said that many mining sites have toxic concentrations of manganese, and that fungi are able to transform the metal into an inert form. Hansel said she plans to use the grant to expand her research by adding a new project—along with post-doctoral researcher Cara M. Santelli—to study the process by which fungi can break down other potentially harmful substances. The grant also...

Author: By Eric W. Baum, CONTRIBUTING WRITER | Title: SEAS Professor Wins Science Award for Non-Tenured Faculty | 2/25/2009 | See Source »

...great in number, what purpose do you have in causing anguish to these people? With what audacity do you deprive good men of their livelihood, strip once bustling towns of commerce to planks and ghosts, and all the while hide your faces behind your masks of metal? Reveal yourselves! I shall at once run straight through any such villain as dares confront me, correcting these deep injustices and winning glory for my good lady Michelle of Chicago...

Author: By Jessica A. Sequeira | Title: Tilting at Windmills | 2/24/2009 | See Source »

...Señor! You must stop at once! Those are not spirits but taxis! And while any spirit would unquestionably tremble at the sight of one so ferocious, these beasts are so many, and made of metal so thick, that one cannot help but doubt the effectiveness of your lance. Such action will do little to quell the fears of those who call you ‘quixotic.’ Besides, all arms we have are needed in Afghanistan...

Author: By Jessica A. Sequeira | Title: Tilting at Windmills | 2/24/2009 | See Source »

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