Word: tradings
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...obligated to follow production quotas, including the sharp cuts voted on last December, which helped to double world oil prices within a few months (only Iraq is exempted, because of the war there). OPEC quotas are crucial to propping up world oil prices; without them, oil futures would currently trade at between $25 and $30 a bbl., according to Edward Morse, head of economic research at Lewis Capital Markets in New York. But in reality, some OPEC leaders simply ignore their quotas, because they need every penny they can earn from oil. Among the bad boys: Venezuelan President Hugo...
This issue also features our first list of 25 Responsibility Pioneers, which includes a range of social innovators, from individual activists and nimble nonprofits to megacorporations. Their work covers everything from the environment to poverty eradication, community-building, fair trade and better health...
...soulful beat.More often, though, Raekwon’s smooth tenor creates a sensational contrast to his narrative persona; Chef Raekwon derives the first part of his name for his skills in cooking crack, and his raps are generally vignettes portraying the ultra-violence of the streets and the drug trade. “Fat Lady Sings,” for example, tells the story of a drug dealer caught on the wrong corner who, after being beaten and sliced up with razor blades, simply refuses to die. “Sonny’s Missing” has a similar...
...Your Money to Work • Buy a fair-trade scarf or the work of an African artisan on eBay's WorldofGood.com, which vets every product to ensure that it's eco-friendly or ethically sourced...
...midst of the Great Depression. "We know now that it is bad economics." We learned this all over again after the collapse of Lehman Brothers, the shame of subprime mortgages and the brazen Ponzi scheme of Bernie Madoff. But even amid the Great Recession of 2009, people have been trading in their SUVs for Priuses, buying record amounts of fair-trade coffee and investing in socially responsible funds at higher rates than ever before. What we are discovering now, in the most uncertain economy since FDR's time, is that enlightened self-interest - call it a shared sense of responsibility...