Word: raw
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...point is not that communities should suddenly seek to be self-sufficient in all ways, but rather, says Boyle, "to shift the balance. Can you produce more locally? Of course you can if the raw materials are there, and the raw materials are often human beings...
...Baltic Dry Index is the worldwide benchmark for shipping rates of raw materials, and it has registered some eye-popping gains over the past month. The London-based index registered its 23rd straight daily gain on Wednesday, closing at 4,291, its highest mark since September and the longest streak of gains since July 2006. Daily rates for the largest Capesize ships, which typically carry iron ore, rose 6.8% on Wednesday to $93,197. Just five months ago, daily ship-rental rates were hovering just above $2,000, about the price of a great seat on opening...
Still, there is inevitably a global dimension to tracking bulk rates. "It's the price for moving raw materials, which sit at the beginning of the production chain," Penn explains. "We can say that the complete lockup of world trade we saw at the end of last year has eased considerably." Penn concludes that his index "is useful to look at, but it's not the holy grail...
...shipbuilding spree, with many vessels slated for completion in the coming months and years. "There are new and larger ships on order," notes the source. "I fear that overall rates will not be as responsive to the recovery as a whole." In other words, just as skyrocketing prices in raw-material transport don't guarantee a robust global recovery, nor would a sluggish rebound in shipping profits preclude a bullish outlook for the overall economy...
...some customers reserving three months early. Served on knee-high tables amid found-wood sculptures, the lunches and dinners are dazzling, multicourse medleys of organic vegetables and whimsical tidbits - delicate molds of peanut tofu alternating with abalone on mashed potato; cups of herring, pumpkin and lotus root; baskets of raw corn, edible flowers and salmon eggs; slow-boiled medicinal soups; and passion-fruit compotes. These dishes are punctuated with palate-refreshing shots of homemade fruit vinegars. The price is modest (set meals start at just $33), presentation is painterly, combinations daring and ingredients haute rustic. Chef Lin plans to relocate...