Word: arene
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...backpackers tend to linger longer, reveling in the golden beaches, the warm waters and the comparatively gentle surf that make the Discovery Coast, as Queensland's northernmost surfing spot is known, a longboarder's paradise. Tanned, blonde wahines - that's lady surfers, if you aren't up on the argot - navigate waist-high waves. The area is also a magnet for pro surfers, but they eschew the small stuff and charter boats out to the nearby southern fringes of the Great Barrier Reef, where perfect, empty barrels unload onto jagged coral. When it's flat, there's good fishing...
...consumers feel a lot richer and enabling them to borrow against the rising value of their property. But gravity has finally caught up with the housing market in much of Europe, especially in those three countries. It's anybody's guess how far prices will fall, but the signs aren't encouraging...
...Whatever the eventual decline, housing woes are already casting a chill on spending. For example, says Mehta, there has been "a dramatic fall" in sales of household goods such as dishwashers and refrigerators in the past six to eight months because people aren't moving as often. But real estate is an intensely local business, and in many markets it remains robust: for example, all of Germany, and the desirable parts of desirable cities like Paris and London. If enough places hold up and the declines elsewhere are short-lived, the damage could be limited...
Suspicions of a state raid on BP's Russian assets aren't surprising. Relations between the countries, already chilled by Britain's refusal to expel various critics of Russia's government, have been in a deep freeze since the murder of former Russian spy Alexander Litvinenko in London in 2006. Still, in the case of TNK-BP, it's hard to make out a government agenda. The squabble over work permits was at least partially resolved once it became public, and suspicions of tax evasion stem from the years prior to BP's involvement. Resolving the conflict, Medvedev has said...
...group for the unemployed professionals and so on. They have really filled in where maybe there would have been public services or secular services at some other time. In the same way that Hamas, and I understand Hizballah also, gain a base by providing social services that people aren't getting otherwise...