Word: transformer
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...alternative energy company signed a technology license contract last month to enable China's largest coal company to build a $2 billion plant to liquefy coal in Inner Mongolia it may have been sealing the future of OPEC. If the technology lives up to its promise and can economically transform coal into diesel and gasoline it may tip the geopolitical scales by reducing the dependence on oil of coal-rich countries like China, the U.S. and Germany. At the same time it could significantly decrease pollution blamed for global warming and acid rain. Many countries don't use imported...
...Quartet partners remain committed to positions articulated by Secretary of State Colin Powell before the President overruled them in his June speech. But with the U.S. remaining the only party with the leverage to transform the situation, the partners have chosen to remain engaged with the U.S. despite their strong and public disagreements with the Bush position. Not unlike the protagonists of a troubled negotiation process, the Secretary of State and his Quartet partners found themselves forced to concentrate primarily on areas of agreement, such as reform of the Palestinian security services. And the latest terror attacks underscore the urgency...
...critical for Turkey, opening international money markets and encouraging direct foreign investment. "The European Union is the key to getting the economy right," says Yavuz Canevi, chairman of Turk Economy Bank and a former Central Bank governor. "If Turkey manages to open negotiations with Brussels by December, this would transform Turkey's international position dramatically." That is an optimistic view that voters, with their devalued lira and lack of faith in political parties, may be too weary to enjoy. As with past earthquakes, much damage has been done - but a great deal of pressure has also been released...
Person of the Week CANCELLED He took Vivendi Universal on a corporate buying spree, trying to transform a staid, provincial French utilities firm into a multinational media giant. But Jean-Marie Messier overreached and Vivendi's stock price collapsed, leading to his dismissal as company chairman last week...
...strain, and there's considerable fear in Arab capitals that this tension will be exacerbated if - or more likely when - the U.S. ignores their reservations and invades Iraq. The Bush administration appears to be calculating that decisive action to eliminate the noxious regime in Baghdad will do more to transform the political climate in the Arab world than piecemeal interventions into the Israeli-Palestinian crisis. Al-Qaeda may be putting its money on the opposite outcome. So despite what may have been achieved in Afghanistan, the battle between the U.S. and al-Qaeda for Arab hearts and minds may still...