Word: tradings
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...It’s always been there, it probably always will.” Yet she remains hopeful about the future of women in music. “Women have supported my work for many years now, and my work has supported them. That, at least, is a fair trade...
...Posada indictment to the list of fence-mending planks he's taking to Trinidad - most of them involving Cuba, which has shaped up to be the central focus of the summit. Most Latin American leaders consider a change in Washington's Cuba policy - including the 47-year-old trade embargo - to be a sine qua non for improving hemispheric relations in general and the strongest indication that the U.S. is willing to deal with Latin America with the same multilateral, dialogue-based approach that Obama pledged at the G-20 summit this month in London...
Though he has said he'll keep the trade embargo intact until he sees more political reform in Cuba, Obama is expected to lift restrictions on Cuban-American travel and remittances to the island before the Americas summit begins. The U.S. Congress, for its part, appears closer than ever to passing legislation to lift the Cuban travel ban for all U.S. citizens - prominent lawmakers like Indiana Republican Senator Richard Lugar now call the embargo a failed policy - and Obama would probably sign such a measure. At the same time, Fidel and Raúl Castro have both in recent days...
...feeling is that China can't help other countries in the region," says Michael Pettis, a finance professor at Peking University. He says that China's trade surplus rose 42% on an annualized basis to a record $19 billion last month, despite the fact that the country's exports are declining at double-digit rates. That's because its imports are dropping even faster, boding ill for China's neighbors like Japan and Korea who rely on the U.S. consumer and now are desperately looking for alternative buyers of their goods...
...Pirates, ex-pirates and pirate recruiters tell TIME that even with all the international attention, the tough talk from leaders around the world and the presence of warships from 20 or so of the most powerful navies, the lure of the piracy trade remains as strong as ever. It only takes a few pirates to hijack a massive vessel, and shipping companies continue to pay out ransoms - in some cases more than $3 million - to secure the release of those precious cargo carriers. Given Somalia's miserable state, the temptation is irresistible. (See the top 10 audacious acts of piracy...