Word: oil
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...developing world still must cope with the prospect of lower economic growth in the months ahead that could compound problems for countries that are already struggling. Although prices for oil and other commodities have declined recently, they remain at unusually high levels. Justin Lin, chief economist at the World Bank, says his organization is preparing lending programs to help ease the burden of high food and fuel costs for developing countries. "They still need to have the support, in order to protect the poor," Lin says. But it's unclear how widely available such programs will...
...that used to say low-fat or low-calorie, which now claim to be anti-aging. You've got age-defying water. In other countries there are collagen-infused marshmallows. In Japan there's beauty ice cream. Food that used to be reviled for being fattening, like avocados, olive oil and nuts have been reborn as elixirs. Chocolate, once the poster food for appearance problems, now [claims to have] anti-aging properties. Maybe if you eat a lot of chocolate, your wrinkles will plump...
...world prices for oil and minerals have soared in recent years, rebel groups in Chad, Sudan, Congo and elsewhere are trading valuable oil and mineral deposits in their regions for arms. Rather than seek the backing of friendly foreign officials - as Dos Santos allegedly did in the mid-'90s - combatants can now bulk up on their own dime. "Each group raises its own funds and then negotiates to buy weapons," says Will Hartley of Jane's Terrorism and Insurgency Center in London. "Gone are the days when governments will send weapons and cash into African states...
Garcia has been dealing with a far-reaching corruption scandal that began Oct. 5, with the release of a secretly taped audio of two men talking about how they could grease the wheels for a Norwegian company to get oil and gas concessions in country. Garcia and his Cabinet chief, Jorge del Castillo, hastily called a press conference as soon as the audio was played on a local news show, trying to put distance between themselves and the men on the tape, who are also members of ruling APRA party...
...week ago, Garcia reached outside his party and picked a left-leaning governor as the new Cabinet chief. But the scandal has not faded. Congress has appointed a special committee to investigate 17 oil and gas exploration contracts awarded in September, including the five given the Norwegian company in a consortium with Peru's state-owned oil company, as well as 36 others handed out in the past two years. The head of the committee, Rep. Daniel Abugattas, said he expects to find a pattern of deceit. "The government has been giving away our natural resources to the lowest bidders...