Word: profits
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...Portugal agreed on how to mete out scarce supplies. Portugal said it would use 15% less water from the Douro River, which flows from central Spain into the Atlantic at Porto. But such comity was met with bafflement by some; Portuguese farmers complained that while their Spanish counterparts can profit from the recently completed Alqueva Dam in southern Portugal, close to the Spanish border, no irrigation system yet exists to get water to their own parched fields and livestock. "They are going to give the Spaniards water to irrigate their crops and then the Spaniards will sell their crops back...
...space plane for those rare times humans are really needed would cut costs, which is why aerospace contractors have lobbied against such reform. Boeing and Lockheed Martin split roughly half the shuttle business through an Orwellian-named consortium called the United Space Alliance. It's a source of significant profit for both companies; United Space Alliance employs 6,400 contractor personnel for shuttle launches alone. Many other aerospace contractors also benefit from the space-shuttle program...
...those in the toys and textiles industries, say even this 2.1% increase in the yuan's value will hurt sales to cost-conscious U.S. retailing giants such as Wal-Mart and Target. Yu Zhihua, export manager for the Hangzhou Silk and Garment Import Export Corp. in Hangzhou, says her profit margins are so thin already that she can't afford to lower prices to offset the 2.1% difference in currency values. "We expect contracts that would have gone to us will switch to Bangladesh and Indonesia," Yu says...
...Chinese government will gradually allow the yuan to appreciate?Deutsche Bank expects a 10% gain against the U.S. dollar over the next two years. And as the Chinese currency strengthens, the economic consequences become harder to foresee and control. Hot money could pour into China from speculators looking to profit from additional yuan gains, undoing Beijing's efforts to curtail excessive spending and lending in overheating sectors of the economy such as real estate. Also, if the yuan goes up by 10%, "you start to worry about China's competitiveness," says William Fung, managing director of Li & Fung, a Hong...
...Profit last quarter for AMR, parent company of American Airlines, its best quarter since 9/11...