Word: rest
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...lower prices, OPEC leaders have been jolted by the lightning speed with which they have tumbled. But their influence over prices is more limited than many in Western countries believe, or OPEC members would like: OPEC members, in fact, produces only one-third of the world's oil; the rest comes from Canada, Russia, Mexico, and several smaller countries. The cartel sets production quotas for each member, but those are routinely violated by bigger players, like Saudi Arabia, whose well usually have spare capacity. "We saw that when prices went up to $145 a barrel OPEC was helpless," says Fadhil...
...about which companies he does business with. "We are tightening our lending criteria," says Joseph. "We are turning away many more new clients than we used to." GE Capital, one of the nation's largest non-bank lenders, has also reportedly decided to curtail its lending practices for the rest of the year...
...effort to free international trade and fund postwar reconstruction, the member states agreed to fix their exchange rates by tying their currencies to the U.S. dollar. American politicians, meanwhile, assured the rest of the world that its currency was dependable by linking the U.S. dollar to gold; $1 equaled 35 oz. of bullion. Nations also agreed to buy and sell U.S. dollars to keep their currencies within 1% of the fixed rate. And thus the golden age of the U.S. dollar began...
Ultimately, both of those conditions will need satisfying before the electronics industry can go deep green. Companies like Dell - which sources one-fifth of its power from renewable resources and offsets the rest - will go green of their own accord, and customers may reward them for it. Other companies will need encouragement - like the system in place in Japan, where the ambitious levels of efficiency achieved by industry leaders are used to force the bottom of the table to catch up. For his part, Shapiro prefers "the carrot to the stick," pointing out that energy efficiency has been increasing, even...
...drinking tea with half a dozen truck drivers who ply the road between Kabul and Kandahar, another route I used to drive several times a year. A week ago, Taliban insurgents stopped a bus convoy and abducted 27 men. Six were beheaded and all but one of the rest were killed, according to another Taliban spokesman. He said they were all soldiers for the Afghan National Army. The government, however, says they were migrants, heading to Iran for work...