Word: tradings
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...days of wood and sail, the 500-mile ribbon of water, which connects the Indian and Pacific oceans between Malaysia and the Indonesian island of Sumatra, carried pricey spices from the islands of the Indies to the eager markets of the West. Today, about 40% of the world's trade passes through the strait on 50,000 vessels that ply its waters every year. Oil from the Persian Gulf flows east to China and Asia's other voracious economies, which in turn send back manufactured goods to the Middle East and Suez Canal...
...Other than tax policy, Bush’s efforts in other areas of the economy led to significant successes that have likely mitigated the current recession. Besides the Central American Free Trade Agreement, he more than quadrupled the number of trade agreements between the U.S. and other countries and would have implemented others with nations like Colombia had congressional Democrats let him. Expansions of free trade offer a potential first step to economic recovery: After all, in the beginning throes of the crisis in 2007, it was double-digit annualized export growth that kept GDP growing despite lagging consumption...
...Bush’s actions on taxation, trade, health care, education, and climate more likely cushioned the economic collapse than contributed to it. The Bush administration, the Clinton administration and both Republican and Democratic Congresses all deserve blame for their failures in financial market regulation and shortsighted home ownership initiatives. To blame Bush’s entire domestic policy agenda for the economic crisis, however, mistakes correlation for causation in the worst...
...economic crisis has hit much of the developed world, but it has especially affected Dubai. As the least oil-rich of the seven emirates, Dubai generates most of its revenue from trade, real estate, and finance—all industries which have slowed significantly. As might be expected, the Dubai Center has not gone unscathed...
...Would anybody be willing to trade a Petraeus ticket for a Dalai Lama ticket...