Word: output
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...recently announced his "Millennium Challenge", a $10 billion increase in American aid funding over fiscal years 2004-2006. That is more than his Democratic predecessor put on the table, but would still leave US foreign economic assistance the lowest among major industrial nation as a percentage of output. O'Neill is clearly moved by the human cost of Africa's underdevelopment. But the former Alcoa CEO remains hard-nosed about handing out more cash when billions of dollars in economic aid have frequently failed to produce growth over the last 50 years. As O'Neill puts it, "These problems...
...favors, says Gerald Ssendawula, Uganda's Minister of Finance. "What we want is for the rich countries to let us compete." Agriculture is one of the few areas in which the Third World can compete. Land and labor are cheap, and as farming methods develop, new technologies should improve output. This is no pie-in-the-sky speculation. The biggest success in Kenya's economy over the past decade has been the boom in exports of cut flowers and vegetables to Europe. Kenya is now the biggest source of cut flowers for the E.U., and the horticulture industry, which employs...
...apparently showed an apparent callousness to events that actually resulted in them making a profit. In October 1998, Marathon Oil's internal economic analysis cheered the disruptive and destructive Hurricane Georges ("Nature stepped in to lend a helping hand") and appeared to welcome OPEC's "efforts to rein in output" as helpful to their business, which of course is the same as OPEC's, selling oil. And in 1999, BP Amoco (now BP) actually had a "Midwest, Mid-Continent Strategy" to avoid putting more oil on the market than their profitability could take...
...Harvard-Partners Center for Genetics and Genomics will bring together researchers from HMS and the hospitals, invest in expensive high-output technologies and provide clinical services and genetic testing for patients...
Despite the Saudi advantage, Venezuela tried unsuccessfully to challenge Saudi dominance of the world oil market in the 1990s, exceeding its OPEC quota of 2.3 million barrels per day (MBD) and attempting to rapidly increase production. The Saudis increased their own output by 1 MBD and caused the price of oil to collapse in 1998, causing Venezuela to give up and return to its quota...