Word: silver
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...outdone, the Four Seasons in Punta Mita, Mexico, fourseasons.com, offers its guests one-hour tequila lessons at its cultural center twice a week. Students learn to distinguish among tequilas that are silver (or clear), gold (colored with caramel), reposada (aged for at least two months), and añejo (aged for up to three years). The tequilas are from several different manufacturers, homemade sangria is on hand to cleanse the palate, and spicy bar snacks ensure that the booze doesn't go to your head too fast. The tasting is free for hotel guests...
Such talk may amount to spin for an Administration that needs silver linings. But for Bush and Rice it may also reveal a deeper philosophical shift. In recent years the Bush team has split over whether to abandon the ambition that underpinned the invasion of Iraq--to bring Western-style democracy to the Islamic world--in favor of conventional Realpolitik, in which idealism takes a backseat to stability. The most obvious signals that the U.S. is tilting back toward realism came on Rice's trip to the Middle East last month, in which she toned down calls for democracy...
There is much to improve, and without Cusworth, this lies as a tall order ahead. But the team sees a silver lining—out of the loss comes new potential...
...headaches caused by Sarbox, as it is sometimes called, have worked to London's benefit. From Russian Big Oil (Rosneft) to a Peruvian silver mining group (Hochschild), international businesses together raised $19.6 billion on London's exchanges last year. The number of international firms on the lse's Alternative Investment Market (aim) - the lightly regulated bourse for small-cap companies - has doubled in the past two years to more than 300 (prompting accusations from the n.y.s.e. that aim lacks rigorous enough standards; the lse said the claims appeared "to indicate a misunderstanding about the operation and regulation...
...None of this is welcome news for oil companies, of course. While they're still raking in billions in profits, the stock prices of the majors, from ExxonMobil to Chevron, have declined in recent weeks, since lower oil prices will invariably translate to lower corporate revenues. The silver lining: oil companies may be able to cut their costs by spending less for field services and drilling projects, helping shore up their bottom lines. "When pricing is weaker you tend not to get as aggressive with drilling," Haas says. Nonetheless, she adds, "it will be a challenging year" for the industry...