Word: oils
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Dates: during 2000-2009
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Last weekend, more than 10,000 visitors thronged Taybeh village for the fifth annual Oktoberfest, a celebration of music, dance, food and beer. Villagers sold more olive oil, honey, embroidery and other items in those two days than in the whole of 2009. But it wasn't easy for Taybeh to learn to thrive - and still isn't. After a promising start, business collapsed during the Palestinian intifada uprising. The Khoury brothers weathered the storm but new restrictions at the Israeli security barrier have now turned what used to be an hour-long delivery to Tel Aviv into an expensive...
...Technology Vehicles Manufacturing Loan Program, which was created two years ago as part of the bipartisan Energy Independence and Security Act of 2007. It was funded by Congress last fall to accelerate the production of fuel-efficient vehicles for mainstream Americans and reduce the nation's dependence on imported oil. (See the history of the electric...
...half-decade before the financial crisis was a go-go time for the global economy. Consumption reached unprecedented heights; so did oil prices and shipping rates. And that frantic buying and selling was a boon for manufacturing. As U.S. consumers flexed their credit cards for flat-panel TVs and video games, factories sprouted around the world to make all the stuff that was crammed into consumers' SUVs. But amid the recession, spending has shrunk dramatically, as debt-laden U.S. consumers are learning to save - and those factories have a lot less to do. During the downturn, the rates at which...
Ever since Jesuit monks brought coffee to Guatemala three centuries ago, raising the beans has been a losing business for small farmers. Conditions are miserable - try lugging 100 lb. of fertilizer up a mountain - and even though coffee is the world's second most valuable traded commodity, after oil, the money it brings in is measly. "It's not enough to live on," says Luis Antonio, who has grown coffee near Quetzaltenango, in Guatemala's western highlands, for three decades but gets deeper in debt each year. "What we earn isn't enough to buy food for our children...
...terrorism experts don't think Yemen is close to becoming a failed state like Somalia - just across the Red Sea. But there are warning signs that things could get worse: the Houthi rebellion, secessionists in the south, Somali pirates menacing the coast, an economy that is overreliant on declining oil production, and a looming water crisis...