Word: russia
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...That hard work will include further negotiations between GM and the German government. GM wants to keep some ties to Opel's engineering presence in Germany and also retain a veto over any transfer of its technology to Russia. There are also thorny issues over the details of the financing package to work out, though Merkel said today she was confident the obstacles could be overcome. GM's Smith, said he hoped the deal could be closed by November or December. If that happens, America's biggest auto company will finish 2009 in a very different state than it started...
...Russia OPEC has no control over one very important energy powerhouse: Russia. Russia's Energy Ministry reported this week that for the first time, the country's exports (about 7.4 million bbl. a day) outstripped those from Saudi Arabia, which has the world's biggest oil reserves. Saudi Arabia cut its production last year in order to prop up world oil prices and is easily the bigger potential oil producer. But oil analysts say that by ignoring OPEC's calls for production cuts, Russia has shown OPEC how little power it wields over non-OPEC producers. Although Russian officials told...
...this means that OPEC leaders struggling to control the actions of their members - let alone those of competitors like Russia or independent investors - will find keeping prices steady harder and harder...
...spring of 2009 that the already soft hog market practically collapsed. In China, a major consumer of U.S. pork, fully two-thirds of the 1.3 billion population stopped eating pork altogether, and Beijing responded with a ban on any pork produced in North Carolina, Iowa or Oklahoma. Russia and Ukraine followed with prohibitions of their own, and soon there were 27 countries that wanted nothing to do with any hog raised in America. Institutional buyers in the U.S. grew skittish too, as did big state and local consumers like school districts...
...coattails to describe humans “embarking on a trip into the heart of darkness” is not quite so entrancing the second time around. Especially in light of Volpi’s notable ability to transition rather effortlessly between assuming the colloquialisms of post-Communist Russia and the jargon of American capitalism, one wonders why an author with such a nuanced command of language would resort to clichés so elementary in composition. Volpi rounds out his scattered and unsatisfying account of 20th century history with a flurry of fictional accidents and tragedies that he seems...