Word: persiane
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...feel for situations like these takes time. Even Ronald Reagan, with his reputation for decisiveness, never did settle whether to allow the Marines he sent to help keep peace in Lebanon in 1982 to use deadly force to protect themselves. The Iranian speedboats that threatened oil tankers in the Persian Gulf in the late 1980s confused the U.S. Navy, much as Somali speedboats have befuddled the navies now trying to police the Indian Ocean. (See pictures of modern-day pirates...
...shed more than half its value since mid-2008. Due to falling metal prices, BHP Billiton in January announced the mothballing of an Australian nickel mine only eight months after it officially opened. The most visible turnaround has been in oil. A year ago, Western governments were pleading with Persian Gulf oil states to ramp up production as oil sped toward $150 a barrel; today, OPEC is twisting off the spigot in an attempt to support crude prices around $50. The International Energy Agency expects oil demand to fall this year at the steepest rate since the early 1980s. Some...
...between Malaysia and the Indonesian island of Sumatra, carried pricey spices from the islands of the Indies to the eager markets of the West. Today, about 40% of the world's trade passes through the strait on 50,000 vessels that ply its waters every year. Oil from the Persian Gulf flows east to China and Asia's other voracious economies, which in turn send back manufactured goods to the Middle East and Suez Canal...
Before the recession hit, establishing a presence in the Persian Gulf was fast becoming the “in” thing for American universities: Georgetown’s School of Foreign Service in Doha, New York University in Abu Dhabi, Michigan State University in Dubai—the list goes on and on. So being the global, ambitious, and well-endowed institution that it is, it’s no surprise that Harvard is keeping up with the times...
...commercial fishing would virtually empty the world's oceanic stocks by 2050. Yet, Somalia's seas still offer a particularly fertile patch for tuna, sardines and mackerel, and other lucrative species of seafood, including lobsters and sharks. In other parts of the Indian Ocean region, such as the Persian Gulf, fishermen resort to dynamite and other extreme measures to pull in the kinds of catches that are still in abundance off the Horn of Africa. (Read about illegal wildlife trade...