Word: underground
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...Nevertheless, the specter of a communist country of 1.3 billion people can spook even close economic partners. In the eyes of some Australians, it is one thing to sell what lies underground to China, but rather another to let Chinese companies own Australian resources themselves. Twice this year, Chinese state-owned enterprises have snapped up major Australian mining stakes. But the biggest deal didn't go through. The state-owned Aluminum Corp. of China, better known as Chinalco, was supposed to take a $19.5 billion stake in Australian-British Rio Tinto, which controls, among other mines, vast iron-ore deposits...
...came to deliver the first speech at the newly created Kennedy School Institute of Politics. When he refused to debate an anti-war spokesman brought on campus by Students for a Democratic Society, McNamara was blockaded in Quincy House and was forced to sneak out using decoys and underground steam tunnels...
...more closely regulate python importation. Even that legislation has met resistance from business lobbies like the Pet Industry Joint Advisory Council (PIJAC), which insists the problem can be contained, via regulatory programs like Florida's, without clamping down on imports. "Bans often just drive the commerce underground, which can instead worsen the situation," says PIJAC CEO Marshall Meyers. Python sales, which include the smaller and more popular ball python, are still robust in the U.S., especially in Florida, where they register about $10 million a year. (Read "Is Florida the Sunset State...
...Russia's expanding trade with Burma includes an agreement to sell the poverty-stricken nation a nuclear research reactor, and the regime has also been bolstering ties with North Korea, receiving arms shipments from its sister Asian pariah state, and employing North Korean engineers to build massive underground bunkers at its fortress-like capital of Naypyidaw...
...tapping huge new fields around the world are shrinking. The country's 115 billion barrels in proven reserves, most of it untapped, make it perhaps the last major oil territory yet to be spoken for. Engineers recently estimated that there may even be a further 150 billion barrels underground that have not yet been surveyed, much of it in the vast Western Desert. If true, Iraq could one day potentially match Saudi Arabia, whose output of 9.6 million barrels a day makes it the world's largest producer. Iraq currently pumps just 2.4 million barrels a day, because...