Word: oiling
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...fertilizer now. The inventories of food are the lowest they've been in decades. Nobody can get a loan to open a mine, so it's going to be at least 15 years before you're going to see any new mines opening up. The world's known oil reserves are in decline. All of what's going on in the world is improving the supply fundamentals for commodities. And I don't see that that's true anywhere else. If the world economy is going to improve, commodities are going to be the best place...
...several years of gentle driving, mostly by my wife, an interior door handle popped off. The fan knob went kaput, and the radio played only intermittently. The final indignity was when the hood release broke, making it difficult to get to the generally well-running engine to add oil or coolant. (See the 12 most important cars of all time...
...economic numbers could hardly appear more horrible for Singapore. Non-oil exports plummeted by 11% in March from the previous year, following even steeper falls the preceding two months. Since its 2008 peak the Singapore dollar has lost more than a tenth of its value against the U.S. dollar, making it one of the worst performing currencies in Asia so far this year. And, if this drumbeat of economic gloom weren't enough, the Singapore government has repeatedly revised its economic growth projections, growing more vigorously pessimistic with each try. It now expects Singapore's gross domestic product to shrink...
Patrick's roots in the North Carolina textile industry stretch back more than a hundred years. In the early 1900s, his grandfather started Kings Mountain Cotton Oil Co., which consisted of a cotton gin, an oil mill, a coal yard and an ice plant--a business for every season. Those industries began to wane in the 1960s, so his father H.L. Patrick bought some used textile equipment and started Patrick Yarns, focusing exclusively on spinning industrial mop yarn...
...help? Getting a feel for situations like these takes time. Even Ronald Reagan, with his reputation for decisiveness, never did settle whether to allow the Marines he sent to help keep peace in Lebanon in 1982 to use deadly force to protect themselves. The Iranian speedboats that threatened oil tankers in the Persian Gulf in the late 1980s confused the U.S. Navy, much as Somali speedboats have befuddled the navies now trying to police the Indian Ocean. (See pictures of modern-day pirates...