Word: traded
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...need more - not fewer - oil traders. After a roller-coaster ride that has sent oil prices from a record high of $147 per bbl. last July to below $35 in December and back to around $60, there has been a clamor to clamp down on speculators - those investors who trade oil but don't ultimately supply it or use it (the way airlines do, for instance). The economic disruption caused by oil's volatility has been so vexing that the Obama Administration believes it can stabilize prices by regulating speculators out of the market...
...problem: a carbon tax to discourage people from using fossil fuels. That tax could be immediately refunded in the form of lower payroll taxes. But the House Democrats, still playing by Reagan-era ground rules, were too frightened to go there: they proposed instead a weak, inelegant cap-and-trade system of the sort that has provided precious little carbon reduction in Europe. It is Potemkin legislation, designed to give only the appearance of dealing with a problem...
...continues. The cap-and-trade energy plan "is going to drive the cost of consumer goods and the cost of energy so extremely high." Democratic health-care proposals, she says, look increasingly like the ideas that McCain proposed during the campaign. "One thing reporters aren't asking the Administration is - it's such a simple question, and people around here in the real world, outside of Washington, D.C., want reporters to ask - President Obama, how are you going to pay for this one- or two- or three-trillion-dollar health-care plan? How are you going...
...Diarra is hardly alone among Africans in thinking of Obama as his brother and friend. On a continent sorely in need of political role models, the U.S. President is a huge icon these days, not to mention a lucrative marketing tool. Vendors in Bamako's markets do a brisk trade in Obama T-shirts, buttons and posters. Obama love reaches even remote communities with no electricity or television. One day in May, a driver took me 30 miles (50 km) into the Sahara Desert from the northern Mali town of Timbuktu. There in the tiny village of Ber, he unfurled...
...tribes of Central Asia, the Uighurs are an urban people whose identity crystallized in the oasis towns of the Silk Road. A walk through the bazaars of old Uighur centers such as Kashgar, Khotan or Yarkhand reveals the physical legacy of a people rooted along the first trans-contintental trade route: an astonishing array of hazel and even blue eyes, with blonde or brown or black hair - typically tucked beneath headscarves or the customary Uighur felt...