Word: bankings
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...technology to the developing world, and also give emerging economies like India and China a financial incentive to start cleaning up their dirty industries. In mid-2005 the global carbon market sprang to life and three years later had grown twelve-fold to $126 billion, according to the World Bank. "In terms of total investment it's been a remarkable success," says Henry Derwent, President and CEO of the Geneva-based International Emissions Trading Association(IETA). "It's done exactly what was expected...
...Bloom ’12, the assistant financial manager for the Harvard-Radcliffe Orchestra, entered the bank just after the man left. She was the only customer in the lobby when she entered the bank, and she was depositing a large sum of money at the counter when she noticed the teller who was counting her money drastically slowing down. Bloom said she saw that her teller was distracted by another teller’s facial expression...
...global affairs. We have spilled American blood in many countries on multiple continents. We have spent our revenue to help others rebuild from rubble and develop their own economies. We have joined with others to develop an architecture of institutions - from the United Nations to NATO to the World Bank - that provide for the common security and prosperity of human beings...
Dubai's financial crisis may have calmed a bit now that the central bank of the United Arab Emirates has promised to stand behind the city-state's banks with fresh liquidity. After all, the U.A.E., to which Dubai belongs, has perhaps $700 billion accumulated from petroleum riches - a resource that Dubai, which is apparently stuck with tens of billions of dollars in debt, does not enjoy...
...question remains, if the central bank in Abu Dhabi decides it no longer wants to help out its construction-crazed, oil-bereft dependent, what assets would Dubai be able to offer up to the foreign banks who are owed billions? (Read about the Dubai debacle and the world financial crisis...