Word: oil
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...itself, and its share of world agricultural trade is much less than it was two generations ago. Globalization of agriculture - a process as old as sailing ships - means products that originated in Africa are now grown elsewhere. Coffee came from Ethiopia; Vietnam now grows more than all Africa. Palm oil was originally exported from West Africa to the industries of Europe; today Indonesia is a major producer and Nigeria a major importer. Often, donors are scrambling to make up ever bigger shortfalls in ever more desperate circumstances. The World Food Programme says emergency food aid rose from $258.1 million...
...Instead of charm and candor, he serves up fastballs. Instead of risk-taking, he seeks control. It's a whole new McCain. "We're going to drill here, and we're going to drill now," he exhorted the crowd at Sturgis, referring to his latest crusade to expand domestic oil production, an issue that polls well for McCain in key swing states. "My opponent doesn't want to drill ... He wants to inflate your tires...
Never mind soaring oil prices and the credit crunch. The champagne business has been effervescent lately, and the bar for high-end bubbly just got higher. After more than a decade of secrecy, Champagne Krug has uncorked an extraordinary new sparkler, the 1995 Krug Clos d'Ambonnay. Only 3,000 bottles were produced; retailing from between $3,000 and $7,000 per bottle, it is the most expensive champagne in the world. And I recently became one of the very few who will ever taste...
...Obama himself is recognizing the shifting winds, and, while calling Monday for a windfall tax on oil-company profits and the opening of the nation's strategic petroleum reserve, he has also said he is open to some kind of compromise that would combine an expansion of offshore drilling with greater support for development of alternative sources of energy...
...forced to use to prevent gas from evaporating in the summer, consumption drops and speculators begin to anticipate a flat U.S. economy over the next few quarters, said Greg Valliere, chief political strategist at Stanford Washington Research Group. "Gas prices are headed lower in the coming weeks because the oil futures market finally is reflecting supply-demand shifts," Valliere said. "There is no policy initiative that could have done this, nothing from Washington. Market forces finally are dominating the speculators." And at least with the lights off, the Republican representatives who plan to spend all week talking gas prices...