Word: oil
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...Today, however, there are hints of gradual relaxation of restrictions, spurred by a peace agreement and booming oil revenues - a handful of musicians has returned from self-imposed exile to test the limits of the new tolerance...
...Still, the Sudanese capital, flush with oil revenue, is in the the throes of an economic boom despite U.S. sanctions. New hotels and office complexes are rising across the city, as investment pours in from the Gulf States and China. And, sanctions or not, the ultimate status symbol visible in Khartoum's most fashionable neighborhoods is the Humvee...
...rice price.” This surge in interest comes with cause: last week, industrial market prices for rice soared to US$1,000 a ton, up from $360 a ton at the start of 2007—a colossal leap, of proportions unheard of since the OPEC oil squeeze of the 1970s...
...week. Crowds in Thailand rioted so much over food shortages that government elections were postponed. Closer to the U.S., Haiti’s Prime Minister was forced to resign following hunger riots that killed 4 and injured 20, and the poor there are now eating mud patties mixed with oil and sugar because they cannot afford anything more...
Ecuador, meanwhile, says it's determined to stay neutral in the Colombian conflict, treading carefully lest it provoke terrorist attacks by the FARC on civilian targets or sensitive infrastructure like its oil pipelines. It refuses to list the FARC as a terrorist organization, as the U.S. and the European Union do; but it also won't recognize the rebels as legitimate belligerents, as left-wing Venezuelan President Chavez, a Correa ally, urges the region to do. Correa knows that Uribe, a key U.S. ally, is likely to keep his military's border pressure strong while George W. Bush is still...