Word: rios
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...acquired, that's going to have a chilling effect on foreign investment," says a senior Hong Kong investment banker. It will also hurt China's own economic interests abroad. The Australian government is reviewing the proposed $19.5 billion investment from Chinalco - China's huge state-owned aluminum company - in Rio Tinto, the world's second largest mining company, as well as a couple of other, smaller deals in the mining sector. But opposition in Australia has been increasing. There are TV ads now running that in effect say, "China will not allow us to buy one of their mines...
...downturn. Lula seems to have cracked Latin America's chronic conundrum: how to expand underachieving economies while reducing epic inequality. In so doing, he's created a model that's "an insurance ticket, not a lottery ticket," says Marcelo Neri, head of the Center for Social Policies in Rio de Janeiro...
Then there's oil. In 2007 and '08, state-controlled Petrobras discovered up to 12 billion bbl. beneath the Atlantic floor about 155 miles (250 km) off the coast of Rio de Janeiro. The oil lies almost 3 miles (5 km) below sea level and is covered by a thick layer of salt, so extraction will be a massive undertaking. And while the discovery promised a windfall when oil was $140 per bbl., at today's price of $40, profitability will be a challenge. Nor is oil always the blessing that it appears; in nations from Nigeria to Saudi Arabia...
...Lula, like the brawny, business-minded megalopolis he has made his home, has set a sturdy example. São Paulo's vast, stalagmite horizon of skyscrapers can't match the glamour of Rio de Janeiro, but the city of 20 million people is a truer and smarter reflection of Brazil's bandeirante (pioneer) character. This year, work will start on the hemisphere's first bullet train, which will eventually link the two cities. High-speed rail won't mask all Brazil's flaws. But it does show, perhaps, that the country of tomorrow has a brighter future...
...culture in which he lives. It is embodied in Bogota’s successful plan of rehabilitating respect for its law by replacing traffic cops with mimes. It is the motivating idea behind giving photographic cameras to the poverty-stricken children in the bombed-out Gaza Strip and in Rio de Jainero’s slums. It is the force behind the writing workshops for the homeless that take place here in Cambridge itself. Cultural agency posits that by having the opportunity to get involved with art, whether it is the opportunity to interact with performing mimes, to take photographs...