Word: oiling
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...world's largest recipient of foreign direct investment. To fuel its economic boom, China's voracious and insatiable appetite for raw materials has led it to absorb large amounts of global commodities. China now consumes 16% of global energy resources and is the world's third largest consumer of oil. (Read "Can China Save the World's Economy...
There's another, much more invidious force contributing to the whole disintegration hubbub: Russian markets' growing integration into the international economy - "not only with regard to oil prices but also when it comes to financial markets," says Alexei Moisseev, an analyst at Renaissance Capital, in Moscow. "Nobody expected the extent to which the financial crisis would hit Russia...
...Kremlin, always eager to stomp out political rivalry, nationalize industry and control the flow of gas and oil, may have its reservations about globalization, with all its inherent unpredictability. But the future of Khabarovsk - riddled with sushi bars, Internet cafes, boutique hotels and endless streams of Chinese and Korean tourists - is not in Moscow. For now, most of the Moscow nomenklatura don't seem to get this. That's why they keep having forums and talking about Air Force bases and throwing back shots of Ruskiy Standart at the Parus Hotel...
...Yourself,” Damián Ortega’s new exhibition at the Institute of Contemporary Art, is so densely packed that at first its full scale can be difficult to grasp. Between the disassembled and suspended 1989 Volkswagen Beetle, the revolving tower of oil barrels, and the clump of leather ribbons hanging from the ceiling by meat hooks, every one of these larger than life installation pieces seems to be wrestling for attention. Although Damián Ortega now lives in Berlin, Germany, his roots in Mexico City remain a strong influence on his work...
...real serious problems with the economy, and the government's economic policies are policies that we plan to pursue in a very serious manner. Last year our stock market was one of the most successful, and in other sectors as well, if you take a look in investments, oil and energy sector, as well as the service sector, we were quite successful. Economic issues have never contributed to instability in Iran and never will. The minister of economy of the ninth government, which is the previous four years, was actually selected for the 10th government, the current government as well...