Word: oiling
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...Philippines, is painted on a tall and narrow canvas and depicts a European woman in a red gown, her hand proprietarily on the hip of a darker-skinned Filipina as she ushers the latter up a stairway to a pastel-colored horizon. The allegorical meaning of Hidalgo's oil composition The Christian Virgins Being Exposed to the Populace is rather more pointed. Playing masterfully with light and darkness, the painter chooses to depict a scene from ancient Rome wherein naked Christian virgins are being lasciviously peddled by slave traders. "Hidalgo wanted to say that the virgins are actually the Philippines...
...government's investment arm, the State Capital Investment Corporation, owns 70% of Jetstar Pacific and Qantas owns 27%, until 2007 the airline was fully owned by the Vietnamese government. In other words, Nam, Freeman and Marsilli lost the state a lot of money after investing in fuel futures when oil prices were escalating in 2008, eventually peaking at $147 a barrel in July, before oil prices slumped to a low of just over $30 in December 2008. But Jetstar Pacific wasn't alone in its fuel-hedging bets; other regional airlines such as Cathay Pacific and Singapore airlines also reported...
...since authorities prevented them from flying home to their families for Christmas. Earlier in 2009, Vietnam launched an investigation of the high-level executives after the airline, a Vietnamese and Australian partnership, reported a $31 million loss from bad bets on fuel futures, agreements on the future price of oil that committed Jetstar Pacific to paying above market rates for their jet fuel after oil prices dropped. (See pictures from the China-Vietnam border...
...enabled Beijing to project its power not only in its own backyard, but further into the Pacific and Indian oceans as well. Last year, China detained 25 Vietnamese fishermen found near the Paracels, who were released only after weeks of demonstrations in Vietnam. Chinese officials also allegedly pressured multinational oil companies to eschew tying up deals with Hanoi to explore for resources in the South China Sea, or, as Vietnam calls it, Bien Dong (East Sea). (See pictures of the China-Vietnam border...
...casualty figures are shocking for many in Germany - a country that eschewed armed conflict for more than 50 years - who had persuaded themselves that their nation's role was solely humanitarian. Then in September, German forces called in a U.S. air strike in Kunduz in northern Afghanistan to destroy oil tankers that had been hijacked by the Taliban. Some 140 people were killed, many of them civilians. That changed the perception of the mission among the German public and politicians alike. Franz Josef Jung, who was Defense Minister at the time of the bombing, resigned over the controversy, but other...