Word: perring
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Dates: during 2000-2009
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...need more - not fewer - oil traders. After a roller-coaster ride that has sent oil prices from a record high of $147 per bbl. last July to below $35 in December and back to around $60, there has been a clamor to clamp down on speculators - those investors who trade oil but don't ultimately supply it or use it (the way airlines do, for instance). The economic disruption caused by oil's volatility has been so vexing that the Obama Administration believes it can stabilize prices by regulating speculators out of the market...
...warlords fill the vacuum. That needs to change. The U.S. recently announced, for example, that it is shifting its antipoppy efforts from destroying the opium-producing flowers to encouraging different crops. But that's quite a challenge: poppies are easy to grow and net four times as much money per acre as wheat. So farmers will need new cash crops to replace the poppies and newly built roads to get such goods to market without paying bribes along the way. The best soldiers in the world can't manage every step of that process, which is why Karl Eikenberry...
...Phillips, who plans to sit down this weekend with Jackson's choreographer Kenny Ortega to "figure it out conceptually," envisions it as a singular "pay-per-broadcast vehicle...
...Bangkok, the concerns are more immediate. Pong, the female manager of Babylon Sauna, Bed and Breakfast, which depends on foreigners to stay afloat, frets that she may be forced to close. Babylon welcomed 800 visitors per day before the recession hit. That number now hovers around 500. "The entrance fee is already low, so dropping it won't make a difference," Pong says. So what's a sauna manager to do? "Pray...
...Indeed, TIME has learned that on the Chinese side, they were effectively being run out of the office of Prime Minister Wen Jiabao, though representatives of China's Iron and Steel Association were the front men at the negotiating sessions. China was demanding price cuts of up to 44% per ton of iron ore this year - about 10% more than the cuts Japanese and Korean steel producers received. (See pictures of Chinese investment in Africa...