Word: priced
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Dates: during 2000-2009
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...when the military ended its practice of intentionally fuzzing the satellite's signals for security purposes. Overnight, navigation devices became 10 times more accurate and swiftly became standard equipment in a slew of industries, from commercial fishing to freight-hauling. Consumers have also rushed in as the size and price of GPS receivers have dropped; they're growing increasingly common in phones, wristwatches and even dog collars. Adventure seekers use GPS for a game called geocaching, a kind of satellite-based treasure hunt that currently boasts more than 800,000 active "caches" waiting to be found around the world...
...Strides toward détente carry a political price for Ma. Many in Taiwan don't consider the island to be part of China, and they fear closer ties will eventually lead to a loss of identity, even sovereignty. Last October, hundreds of thousands protested against Ma's China policy in a Taipei rally organized by the opposition Democratic Progressive Party (DPP). Another large protest is planned for May 17. Ma "sees the closer ties [with China] as an opportunity," says Cheng Wen-tsang, the DPP's spokesman. "But we see them as a threat...
...leave the country.) Helicopters circled the event "as if David Beckham had arrived at the airport," he says. Inside, Mohamed put a down payment on an apartment, walked out the door, and sold the unit to a Russian man on the street for double his purchase price. The man paid cash. In just 20 minutes Mohamed had made $408,000. The lesson: "In Dubai, you can throw your ethics and economics textbooks right out the window, because the rules just don't apply...
Iraq's economic woes stem mainly from the huge drop in the price of oil, which accounts for 90% of the country's revenues. Last summer the price of oil soared to nearly $150 a barrel. Now the price is roughly a third of that, leaving Iraq struggling to fend off a financial collapse within its government. Iraq has an estimated $30 billion in surplus funds generated from oil sales in years past, but that money is dwindling. Iraq expects to run a deficit this year of roughly $20 billion, which could be covered by the surplus funds...
...diplomacy to work, because the alternatives are so unpalatable. Military strikes against Iran's nuclear facilities are deemed by the U.S. military to be likely to cause more problems than they'll solve - at best, they'd simply set back the Iranian program by a few years, at the price of potentially triggering a regional war that could imperil the interests of the U.S. and its allies, including Israel, for years to come. Winning Chinese and Russian support for harsher sanctions remains unlikely absent Iran taking actual steps towards nuclear weaponization, while an economic blockade could prompt a confrontation...