Word: ported
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...their annual summit, they will be visiting a part of the world where eight of nine countries are growing faster than the E.U. average; where several, including Latvia, which last year expanded 11.9%, are topping the European table; and where trade is expected to soar 50% by 2020. The port at Hamburg, just west of Heiligendamm, has seen a 40% increase in cargo shipped through the Baltic Sea in each of the past three years. As host of the summit, Germany has proposed a comprehensive agenda for world leaders ranging from more aid to Africa to persuading...
...Latvia, everything changed in 1994 when Russia withdrew the last of its military. Shortly afterward, the Latvian government began auctioning state-owned port facilities to American, Russian, Latvian and Norwegian companies. The port doubled in size as new container and passenger terminals sprang up. At its low ebb, in the early 1990s, only 1,000 ships entered the port each year; now more than 3,600 do so. Hermanis Cernovs, a naturalized Latvian born in Russia, has witnessed the transformation at first hand. When the Iron Curtain fell, he was commander of a Soviet nuclear submarine. Today, he organizes joint...
...Swedish hyper-markets, where parking spots are hard to come by, to the Italian cars rolling around the city's cobblestone streets. "If you want to do something, you have a future here," says Eri Esta, the 33-year-old chairman of a major stevedoring firm at the port. Esta, who graduated from a local business school in 2005, now earns a comfortable salary, takes vacations in Western Europe and the U.S., and often travels to Russia and central Asia to drum up business. Ten years ago, he says, this lifestyle would have been "unthinkable...
...costs of rising rents and salaries. Oil becomes virtually the only game in town, and the benefit to workers is surprisingly limited, with many of the more lucrative jobs - such as rig operator and refinery manager - going to foreign experts. Hence the expat enclaves in oil towns from Port Gentil to Baku. In some cases, unemployment can actually worsen. Fueled by the new spending power of the few, the cost of living also goes up. If the government doesn't share the wealth, the higher prices mean real poverty actually rises. And in Angola there's little evidence of government...
...glasses and five bottles on the long wooden table. First, Garry pours a 2002 Schneider Aventinus from Germany. It's caramel colored, with hints of nutmeg and banana bread. Next up is a spicy Hitachino from Japan, followed by a 1998 Rogue Old Crustacean from Oregon, with sherry and port qualities. "This is the new torch holder," he says as he fills a fourth glass with J.W. Lees Harvest. It's smooth, with hints of caramel and raisin...