Word: deeps
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Will the ECB begin to act more like the U.S. Federal Reserve and cut fast and deep? While it has flooded European markets with cash in recent months in an effort to revive the interbank lending market, it has not engaged in the purchase of assets from banks like the Fed. Trichet said the ECB has the power to do so, but is not showing his hand...
...India? Indians want better intelligence, more responsive emergency services, stronger border defense, but some are also calling for an acknowledgement of the poisonous disaffection among Indian Muslims, widespread corruption among local police and the other ugly realities under the surface of India's much heralded economic boom. "Deep down, there is this pervasive feeling of massive government failure," says Mujibur Rehman, a political scientist at the Centre for Dalit and Minorities Studies at the Jamia Millia Islamia university in New Delhi. The attacks on Mumbai have forced India to confront those issues on an unprecedented scale. This is the first...
Centuries later, it was still there, enriching the soil. "You couldn't help but notice it. There would be all this poor, grayish soil, and then, right next to it, a tract of black that was several meters deep," says Johannes Lehmann, a soil scientist who worked in Manaus, Brazil, in the late 1990s. After he left the Amazon in 2000 for a job at Cornell University, N.Y., Lehmann started wondering what would happen if farmers today could make their own terra preta. He has found one answer in a field trial in Kenya, where 45 farmers achieved twice...
They didn't, and their tenacity is paying off. Krafla recently became the site of a pilot project to drill extremely deep boreholes (classified as three miles or more), a frontier technology that could yield five to 10 times more energy per borehole than any similar project in the world. Landsvirkjun, the state utility that owns Krafla, has also been in talks to supply power to an aluminum smelter that Alcoa plans to build nearby. The financial downturn has put that project on hold for now, but Alcoa, which already has one smelter in Iceland, still sees the country...
Geothermal has its share of critics. The power plants release low levels of carbon dioxide, nitric oxide and sulfur, and some people worry that drilling holes deep into the earth destabilizes the land around it. This summer, police arrested a group of environmental activists who had chained themselves to machinery at a drill site near the nation's largest power station outside Reykjavik to protest the plans for a new aluminum factory. Iceland's government has responded to such criticisms by trying to diversify and attract companies like Microsoft, Cisco and Yahoo!, all of which have discussed building massive server...