Word: begun
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...begun to occur to the financial industry and the central banks of the G7 and a number of smaller Western European countries that if some of the nations in Eastern Europe default on their debt, the world may look as it did three decades ago when several Latin American nations struggled to make payments on their sovereign obligations. (See pictures of printing money in Germany...
...mobilization to bail out Eastern Europe has begun in earnest. According to MarketWatch, "The World Bank, the European Bank for Reconstruction and Development and the European Investment Bank issued a joint pledge Friday to provide up to 24.5 billion euros ($31.2 billion) in aid to support Eastern Europe's bank sector." That is almost certainly only the beginning of the process...
...several Eastern European nations, the concern has emerged that Ukraine, Lithuania, and Romania may have trouble with that debt obligations. The IMF says it is not worried about defaults, but it does not hold large amounts of the notes issued by these countries to fund their budgets, which have begun to post substantial deficits...
...Meanwhile the increase in annual crop yields has begun to slow in much of the world - this, before global warming has really taken hold - even as population continues to grow, especially in the countries that have least been able to feed themselves. Given that it takes years or decades to breed new crop varieties, Fowler says we need to begin preparing now for the agricultural challenges of the future, using Svalbard's contents to build and breed new crops. "We've ignored the infrastructure of agriculture for too long," he says. "It's in our self-interest to fix this...
...lies in the realization that what we are faced with is not a moderate rearrangement of our economy and way of life. It is a seismic, massive disruption. Their reactions, then, should be equally monumental. Though the natural reaction might be to freeze or look back, some have begun to take this global shift as an indicator, fundamentally modifying their approach to creativity. British-born singer Antony Hegarty has long been invested in the constant evolution of his sense of individualism. His arresting, haunting songs are often personal and inward-looking, though recently they seem more reactive to the outside...