Word: oil
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...order to receive federal reimbursement for the subsidy consumers get for trading in their cars, dealers must first destroy the engine. One common method is to drain the car's oil and flood the engine with sodium silicate, or liquid glass. Dealers then turn the car on and rev the engine to let the solution harden. In just a few minutes, the car becomes inoperable. (Read "How Bad Are Auto Sales? 10 Questions and Answers...
...giddy (after the '80s, '90s and '00s, beware all giddiness), but they do sound optimistic about an imminent tide of innovations in information technology, energy and transportation. Recall, please, the national mood in the 1970s: after the 1960s party, we found ourselves in a slough of despond, with an oil crisis, a terrible recession, declining productivity, a kind of Weimarish embrace of cultural decadence, national malaise. And yet at that very dispirited moment, Federal Express, Microsoft and Apple were all founded. Even now Apple and Amazon and Google have been doing better than the rest of the economy. The next...
...difficult reconstruction of Liberia, which is fortunate to have her strong leadership," says Joseph C. Bell, a partner with the Washington law firm Hogan & Hartson who played a key role in ISLP's assistance to Liberia. ISLP has been involved in a dozen projects there--including drafting palm-oil concessions and upgrading the shipping industry's legal regime--which is making all contracts public, though not all are easily accessible. Imperfect as that development is, it's a significantly improved standard for both developing nations and the multinationals that do business with them...
...that, the group says, rely heavily on secret arrests, torture and unfair trials--under which some 3,000 suspects remain detained. Amnesty representative Malcolm Smart said the abuses have been allowed to take place behind a "wall of secrecy" in part because of the West's dependence on Saudi oil...
...Cold-shouldering Moscow could also come at a cost. Moldova is dependent on Russia for gas, oil and electricity imports. The new government says it will pursue stronger relations with Europe and Romania, with whom it shares many cultural similarities. Moldova was part of Romania until World War II, when a chunk of the country was given to the Soviets by the Nazis. Fears of unification kept previous Moldovan governments from building bilateral ties. And then there is the problem of Transnistria, a tiny Russian-speaking province backed by Moscow that wants to secede. "At least we have a year...