Word: oiling
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...There is a lot more oil and gas where that came from, if Beijing can bring itself to depend on Moscow as a supplier. That isn't as easy as proximity might suggest. The two countries have never trusted each other. But economics now dictates that historical enmity be put aside. With the collapse of oil prices and the credit crisis, Russia needs cash. China needs fossil fuels; it needs them from a variety of suppliers far into the future - and it has the money to pay for them. Half of the country's massive national savings of $2 trillion...
...country of the moment. According to a recent study by the Paris-based Organization for Economic Cooperation & Development (OECD), Brazil may be the only one of 34 major economies that avoids recession in 2009. While the U.S. debates whether to nationalize its crippled banks, Brazil's remain comparatively sound. Oil companies worldwide are slashing investment, but Brazil's state-run Petrobras is going ahead with a four-year, $174 billion expansion plan. "Brazil," Lula boasted to TIME, "is riding the current crisis better than many developed countries...
Then there's oil. In 2007 and '08, state-controlled Petrobras discovered up to 12 billion bbl. beneath the Atlantic floor about 155 miles (250 km) off the coast of Rio de Janeiro. The oil lies almost 3 miles (5 km) below sea level and is covered by a thick layer of salt, so extraction will be a massive undertaking. And while the discovery promised a windfall when oil was $140 per bbl., at today's price of $40, profitability will be a challenge. Nor is oil always the blessing that it appears; in nations from Nigeria to Saudi Arabia...
...then Cuban leader Fidel Castro for advice on how to transform his country into a socialist state for the 21st century. Chávez also began to refer to Castro as his "father." (Fidel, 82 and ailing, has since ceded power to his younger brother Raúl.) Today, oil-rich Venezuela sends Cuba discounted crude in exchange for doctors and teachers to administer Chávez's wide-ranging social programs among his nation's poor. Pedro Mena, a self-described Venezuelan opposition organizer in Miami, says the outreach by the Cuban-American lawmakers on Capitol Hill has helped...
...their name from the bygone practice of branding the ears of livestock to identify their owners, but no one would have thought a pig without an earmark was kosher. The vast majority of wasteful federal spending - sprawl roads and bridges to nowhere, corporate welfare for agribusinesses and Big Oil and King Coal, bloated health care costs, and so on - is done within the regular appropriations process. It's not as soundbite-ready as a $238,000 earmark for the Polynesian Voyaging Society, but it's a lot more expensive...