Word: ores
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...legal question is a narrow one, but the case raises larger, more troublesome issues about student safety and the quality of educational services that families should expect when they place their children in private residential care, because the school involved in the case, Mount Bachelor Academy, near Prineville, Ore., is under state investigation for allegations of abuse reported by students and one employee. (See pictures of being 13 in America...
...latest lightning rod for anti-Chinese sentiment is Hanoi's plan to allow subsidiaries of the Aluminum Corporation of China (Chinalco) to mine bauxite ore in Vietnam's Central Highlands. Bauxite is a key ingredient in aluminum, which China needs to fuel its construction industry. Vietnam has an estimated eight billion tons of high-quality bauxite, the third-largest reserves in the world. The environmental cost of extracting the mineral, however, can be high. Strip mining is efficient, but scars the land and bauxite processing releases a toxic red sludge that can seep into water supplies if not adequately contained...
Even so, not every shareholder is thrilled at the prospect of selling to the Chinese. Chinalco is a huge consumer of iron ore, and mining companies fear that the investment in Rio Tinto could give China more influence over the price. During the boom years, when Chinese companies' appetite for virtually every metal was voracious, they got stuck with stiff price increases. The deal could give Chinalco, which already owns 9.3% of Rio, better access to the company's choicest deposits of copper, iron ore and bauxite. The secretary-general of China's Iron and Steel Association, Shan Shanghua...
Considering how far mineral prices have fallen, some analysts believe Chinalco might actually be paying a premium for Rio Tinto assets. But BOC International's Xu says, "The price is much, much lower for the assets--particularly iron ore and copper--than it would have been just six months ago. This seems like a pretty good deal." And as long as commodity prices are depressed, Chinese companies will be Going Out, cash in hand, ready...
...grown too tenuous; their investment in their off-label version of the American Dream is too great. Tougher border enforcement makes leaving a more final and difficult decision. They don't go home because they know they probably won't get to return. This has Americans in St. Helens, Ore., and elsewhere facing a set of decisions of their own: How hard should they press the case against illegal immigrants? And will putting more pressure on the undocumented end up damaging the community in the process...