Word: direful
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...series of tough (and strikingly familiar) issues: a carbon tax, gays in the military and health care. But will history repeat itself, with the party in power bearing the brunt of a wave of discontent? Here are five reasons the 2010 midterm scenario is different, and perhaps less dire for the Democrats, than 1994's. (See the top 10 alternative political movements...
...Shenyang and Harbin parks, however, budgets were apparently strained to such an extent that animals simply weren't fed for weeks at a time. The dire financial straits and gross neglect at the Shenyang site came to light only when disgruntled workers - who hadn't been paid for months - contacted the media...
After an election that failed to produce a clear winner, Iraq's political leaders are squaring up for a fight that could have dire consequences for the country's security situation. Last week's media reports hailing Iyad Allawi as the election victor were a little premature: the former U.S.-installed Prime Minister's secular nationalist slate may have finished narrowly ahead of its nearest rival, but its share of the vote translates into only 91 seats in the 325-seat legislature, where 163 seats is the magic number needed to form a government. And while Allawi's first-place...
...similar report in 2002 estimated that only 10% of the gorillas' habitat would remain by 2032. But the authors say even that dire prediction was optimistic. At the time, researchers did not predict the rise in Chinese demand for timber or the extent of mining in Congo. "Ten years ago, when we did the other report, China and the rest of Asia were not major players in Africa, and now China has up to 40% of the wood-and-mineral trade," Christian Nellemann, a U.N. Environment Program official and the report's lead author, tells TIME. "We have new satellite...
...strictly enforcing capital requirements is vital to creating a more stable financial system. During the financial crisis, plummeting assets and the consequential market panic caused almost every major bank to fear for its solvency. Had there been more stringent capital requirements, banks would not have been in such dire trouble. As Alan Greenspan notes in his recent paper on the crisis, while requirements should not be onerous, they should leave banks in a position to effectively manage during most crises. The current legislation in the Senate directs regulators to enforce higher capital requirements but without specific capital levels. This policy...