Over the past month, drybulk shippers have watched the Baltic Dry Index fall from just under 1700 to just about 1100, as ship supply still far outweighs global demand.

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True, some Argentines now argue that this success is delusory: it has pushed resources into businesses, like their inefficient motor industry, that could not live without high external tariffs and are now left high and dry by the fall of the real.

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Only a couple of inches of rain have fallen in Southern California since the start of the year, making the region as dry as it normally would be in the fall, when fire season is typically at its peak.

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Of course, no dam ever runs at full capacity and because of the rise and fall of Amazon rivers during the dry seasons, the Belo Monte dam is expected to average around 4, 500 megawatts, making it still one of the most powerful generators of electricity in the country, and very important for mining operations in Para state.

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Ms. Quan explained that by cutting the hair dry, she would be able to sculpt it the way it would fall and curl naturally.

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At the very top of the resort, 9990 offers some hearty steep fall lines and a big north-facing slope that stays cold and dry even in the late spring.

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If oil prices fall too far or interest rates rise too high, both cash sources could dry up.

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