Word: poore
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...company CEOs and OPEC ministers, gathered for the biggest conference in the industry's calendar, are feeling besieged by the relentless drumbeat of public outrage. Perhaps they have been worn down by their ongoing efforts to blame each other for spiraling prices. Or maybe they just think it in poor taste to gloat about their record profits. But even Monday's news that Iraq would open six of its oil fields to international contracts - news that came just hours after Royal Dutch Shell president Jeroen van der Veer announced to the congress that such a deal was "weeks, not months...
...Fruits of Labor No sector illustrates the squandered opportunities of Med trade better than agriculture. Though plagued by poor management in North Africa and market-distorting subsidies in Europe, farming is ripe with possibilities. If they are not taken advantage of, however, the consequences are plain: farmworkers in North Africa will head for Europe. Last year, as many as 1 million are believed to have left the poorer shores of the Mediterranean. (The figure includes not just those from the Maghreb, but also migrants from sub-Saharan Africa, the Middle East and Asia, drawn to people-trafficking routes that transit...
...sufficient, so it's a real stretch." Private donations invested by Yale University are currently worth some $23 billion; the endowment fund of rival Harvard is $35 billion. Dozens of other American universities boast funds valued at more than $1 billion. Even Britain's wealthiest universities are poor by comparison. The central endowment fund at Oxford is about $1.3 billion, and Cambridge's stands at roughly $2 billion. (The universities' individual colleges - Oxford has 39, Cambridge 31 - separately hold endowments worth a total of $11 billion.) At London's Imperial College, one of the world's best for scientific research...
While May and June—the months for which data is currently unavailable—were rough for the equity markets (the S&P index fell an additional 8 percent), the endowment weathered a similarly poor five-month stretch from October to March, preserving the gains that it made from July to September...
Much of the fault does lie with the U.S. and its technology companies, which export e-waste because it is cheaper to offload the problem on poor nations than it is to take care of the waste at home. "This is effectively long-distance dumping," said Achim Steiner, head of the United Nations Environment Programme. One solution is to promote recycling programs for old PCs and phones, as Dell has done recently, or try to reduce the amount of toxic metals used in those products, as Apple has done. The answer will almost certainly have to come from rich importers...