Word: palmed
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...sawmills, plywood factories, rusty shipyards and timber barges heading downriver to the South China Sea. The alternative is a bumpy Land Rover ride from Bintulu, a coastal oil town three hours away, much of it on a rutted logging road past denuded ocher hills cleared to make way for palm-oil plantations. These have driven the area's economic boom, but also fuelled its cultural decline. (See pictures of Hong Kong...
...services, and economic revitalization. A U.N. peacekeeping force and an embargo on arms are keeping conflict at bay. Schools and hospitals have reopened. Tax receipts are up. Bureaucracy is down. U.N. sanctions on diamond and timber exports have been lifted. Liberia is attracting foreign investment in iron ore, timber, palm oil and construction. Though steel giant Arcelor Mittal recently mothballed a $1.5 billion project to reopen an iron-ore mine and rebuild a railway in the eastern interior, Liberia has signed a deal with Sime Darby of Malaysia for an $800 million, 20-year concession to a 494,000-acre...
...think aid is sustainable in the long run. We have good friends that come to our aid in the short term, but they'll move on. Only the private sector is sustainable. There was a time when we were an exporter of coffee, cocoa, rubber and palm oil; in minerals diamonds, gold and iron ore. Our task now is to reactivate all of those sectors [while looking at] new areas [like] our offshore oil potential...
...Palm Pre: The latest would-be iPhone-killer
...they also help drive down surrounding home prices). But in many if not most cases, people buying foreclosed homes have budgets "that can afford the taxes on a $100,000 house but not necessarily a $400,000 house," notes Brian Paul, CEO of the Realtors Association of the Palm Beaches. Of course, Palm Beach County executives take a different view. "Introducing foreclosure into the [property appraisal] equation may be an interesting idea," says John Thomas, director of residential appraisal at the Palm Beach County Appraiser's Office, but "people should remember that property assessments are made based on the surrounding...