Word: traded
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Dates: during 2000-2009
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...over the last several months, something funny has been happening in the commodities trade. After spectacular plunges, the prices of oil, copper, palm oil and others are rallying. This shouldn't be happening given the parlous state of the world economy. The International Monetary Fund this week cut its global growth forecast for 2009, predicting GDP would contract by 1.3%, the most severe recession since the 1930s. Yet oil is some 50% more expensive now than in December. Palm oil, which is used in a wide variety of manufactured foods, has surged by about 50% this year. "The only area...
...larger software companies with much greater financial, research and development, and marketing resources, and Rosetta Stone's recent success could draw these firms into the market." It probably wouldn't cost a Microsoft or Google all that much to teach a foreign language. If these companies joined the translation trade, arrevederci to Rosetta Stone's dominance...
...February the alliance of European steel manufacturers, Eurofer, accused China of systematically distorting steel markets through subsidies. The result, say Europe's steelmakers, has been "irrational capacity extension." The European Commission has slapped duties on Chinese steel-pipe imports, and is now threatening World Trade Organization action as well...
...April 8, the U.S. steel industry filed an antidumping suit with American authorities against Beijing, alleging that $2.7 billion of pipe steel was unfairly dumped onto the American market last year. Eurofer General Director Gordon Moffat calls it a "perfect storm" for a trade war. "Demand has fallen off a cliff since October," Moffat says. "We know China is simply waiting for demand to return before flooding the markets...
...profile trafficker with a successful rap career.On “Deeper than Rap,” Ross continues to tell this customary story of the gangster’s American dream, employing his signature overt metaphors and clever lyrical innuendos to demonstrate his experiences and successes in the drug trade and the rap game. Certainly, the album’s unoriginality is indicative of the times in hip-hop. Though Ross’s album features a variety of appearances—from tenured authorities such as Nas to some leading next-generation artists such as Kanye West, Lil Wayne...