Word: weeks
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Dates: during 2000-2000
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...Last week Kostunica was only a hopeful President-elect. While his supporters filled the streets shouting that Milosevic was finished, their nemesis still sat in his White Palace, as Belgrade dubs his official seat of power. He's used vote fraud, trumped-up crises and constitutional finagling to stay in power before. Serbs were finally brave enough to cast their votes against him. To get him out of his palace for good, they may have to take his power into their own hands...
...easy to see how the various princes, sheiks and emirs might have felt a bit out of place at last week's 40th-anniversary summit of the Organization of Petroleum Exporting Countries. For one thing, members of the famously fractious group (given up for dead only a couple of years ago amid plummeting oil prices) hadn't been able to see their way through the wars, political infighting and price gouging to convene such a gathering for a quarter-century...
...Frias, 46, the fiery nationalist President of Venezuela, saw an opportunity in the booming economies of the developed world to turn a moribund cartel back into a global economic powerhouse. Against the backdrop of soaring energy prices, which have tripled during the past two years to a high two weeks ago of $36 per bbl., Chavez took center stage in Caracas last week to proclaim OPEC's "resurrection...
...words of an Arab diplomat at Caracas, a "management group." Its new strategists are cosmopolitan technocrats, in some cases U.S.-educated. They speak the language of market economics and are unlikely to rock the global boat with sudden embargoes or regional disputes. The President of Iran, Mohammed Khatami, last week acknowledged a tacit partnership with old foe Saudi Arabia, pledging cooperation in raising production "in order to maintain oil prices at a level acceptable to both producers and consumers...
...other words, the new OPEC doesn't want to gouge its customers; it wants global economic stability. That's why at week's end the cartel suggested that its goal was to lift production enough to bring prices down to between $22 and $28 per bbl.--a level that should ease the sense of crisis felt from Washington to Tokyo. Last week the price of crude oil closed...