Word: actioneers
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...this crisis consumes all of our attention, it might definitely impact the speed at which [global warming] legislation could be passed," says Wiley Barbour, the founder of the American Carbon Registry. (Listen to Barbour talk about the effect that the financial crisis will have on global warming action on this week's Greencast...
...Indeed, while a number of grapplers look forward to their individual returns to action, the collective health of the team has shifted enthusiasm towards group achievements that were simply unrealistic a season...
...That flurry of action only served to heighten the panic across Europe, along with concerns that the European finance and banking sector may be as imperiled as that of the U.S., despite repeated assurances to the contrary from E.U. leaders. Indeed, the moves to guarantee private savings accounts seemed to spook market watchers into believing far worse was yet to come for Europe...
...little to build on toward a harmonization of the E.U.'s finance sector. Regulation of banks and credit groups is still handled on the national level, and even national banks of euro-zone countries still have some decision-making power. Given that disunity, governments have little option beyond national action to stave off company meltdowns and any broader temptation to make a run on their banks...
...That narrow scope for united action was duly noted during Saturday's minisummit in Paris. "Each government will operate with its own methods and means but in a coordinated manner," Sarkozy said of European reaction to the crisis. In saying that, he clearly didn't suspect that Merkel would issue a unilateral savings guarantee the next day. Still, Sarkozy and his fellow E.U. leaders also made it clear that it may now be too late to do much else but limit the extent of the damage in the current drama and await new global rules on finance and business ethics...