Word: towardness
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...abruptly evaporated for many commodities. The Dow Jones - AIG commodity price index has shed more than half its value since mid-2008. The most visible turnaround has been in oil. A year ago, Western governments were pleading with Persian Gulf oil states to ramp up production as oil sped toward $150 a barrel; today, OPEC is twisting off the spigot in an attempt to support crude prices around $50. Some experts believe prices may stay depressed for years to come, due to greater energy efficiency, technological improvements in oil production and greater availability of alternative fuels like biofuels...
...announced a contingency plan late last year that titillated the foreign press. From its tourist revenues, the Maldives would set aside a chunk of money each year. It would combine that with aid from richer nations and the Commonwealth, and build a sovereign fund that could one day go toward purchasing new territory for the country's climate refugees in far bigger nations like India or Australia. "At the end of the day, we are talking about needing dry land," says Nasheed bluntly. "It is a myth to assume that humanity has always been stationed in the same place...
...balance, Benedict is an admirer of the Jews, but one whose goodwill toward them may be moderated by his other concerns. Should that matter? "It's hard to imagine, but it's true that the Jews are not at the top of the agenda of everyone else in the world," quips Rabbi Jacob Neusner, a professor of Jewish studies at Bard College with whom the Pope has a fruitful scholarly relationship. One could justifiably wonder why, on an issue like the Latin Mass or SSPX, a busy Pope should constantly have to ask himself whether it's good...
That's not to say the recession is over. Roubini sees the road to recovery as a long and choppy one, with unemployment rising toward 12%. So don't trade in your emergency fund for a boat. But when it comes to your investing life, it's time to get back into the water. "People think that things need to go from terrible to terrific before they can invest," says Fidelity's legendary stock picker Peter Lynch. "But things only have to get to somewhat crummy for stocks...
...stick to cutbacks on discretionary spending, it's important to do it in a way that puts you in the right frame of mind. For every dollar you cut out, you could put 50¢ in the bank and 50¢ toward buying something fun--so being thrifty morphs from denying yourself what you want into anticipating what you're going to buy. When you do buy things, use cash. Handing bills over the counter underscores what you're spending in a way that swiping a piece of plastic never will...