Word: prospection
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Even so, not every shareholder is thrilled at the prospect of selling to the Chinese. Chinalco is a huge consumer of iron ore, and mining companies fear that the investment in Rio Tinto could give China more influence over the price. During the boom years, when Chinese companies' appetite for virtually every metal was voracious, they got stuck with stiff price increases. The deal could give Chinalco, which already owns 9.3% of Rio, better access to the company's choicest deposits of copper, iron ore and bauxite. The secretary-general of China's Iron and Steel Association, Shan Shanghua...
...Outmigration Myth Those who battle illegal immigration make an attractively simple argument: Pressuring illegal immigrants will make them go away, thereby saving jobs for Americans. The enthusiasm for the prospect of a great outmigration is such that pundits and politicians began lining up early to take credit for it. Last summer the Center for Immigration Studies in Washington, which favors tougher enforcement of immigration laws, released a report with the somewhat triumphal title "Homeward Bound." Its authors argued that census data showed that approximately 1.3 million illegal immigrants had left the U.S. from August 2007 to May 2008. At that...
...skills and resources to conduct an effective counterinsurgency. U.S.-operated Predator drones have successfully targeted al-Qaeda leadership in the border areas, but at the cost of inflaming the Pashtun-led insurgency on the Pakistan side. Stabilizing Afghanistan might well become crucial to preventing the far more terrifying prospect of an Islamist takeover in Pakistan. Says U.S. Army Brigadier General John Nicholson Jr., who commands U.S. and NATO troops in southern Afghanistan: "If the Pashtun population of Pakistan sees a moderate, Islamic and Pashtun-led government in Afghanistan, well, it's hard to argue with. So we have potentially...
Ultimately, the final decision about the fate of The Globe rests with its unions. The prospect of considerable wage cuts is an unfortunate reality for union members to confront, but the terms offered by The New York Times Co. are undeniably preferable to the total loss of jobs and wages that would accompany the closure of the newspaper. The unions should consider their own immediate and long-term interests, as well as those of their paper, and be willing to accept substantial cuts. Print journalism faces a wide range of challenges in today’s changing media environment...
Groves must be confirmed by the Senate - a likely prospect, given the Democratic majority on Capitol Hill. As far as next year's Census is concerned, it appears that Republican fears over Groves are unfounded. Insiders say it's too late now to introduce statistical sampling into the count, and new Commerce Secretary Gary Locke essentially ruled it out during his own confirmation hearing. But Groves and his statistical models could still play a major role shaping the Census of the future...