Word: droughts
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...frontier is struggling to be born. His wife Debora is a graduate student in geography. They swept up the entire region, from Texas to Montana, in their analysis. Their language was apocalyptic ("largest, longest-running agricultural and environmental miscalculation in the nation's history"), their images devastating ("dreams, drought and dust") and their predictions frightening ("a wasteland, an American empty quarter...
However, despite Yale's recent offensive drought, Getman anticipates a potent Yale front line...
...fight inflation, the Bank of Japan is using the only weapon in its arsenal: higher interest rates. A credit squeeze seems likely. John Hickling, portfolio manager of Fidelity Investments' Pacific Basin Fund, thinks the liquidity drought has arrived. Since nothing spooks stock-market investors like the prospect of rising interest rates and a credit crunch, Japanese shareholders have been cleaning out their portfolios, driving the Nikkei average on the Tokyo exchange down more than 30% from its late December high...
Chinese leaders, aware of the true severity of the crisis, have at last begun to focus the nation's scientific talent on the water issue. The country has been working to develop salt-tolerant and drought-resistant crops, and it has begun to have some success in reclaiming salt-damaged land...
...most serious problems are in the West, where poor water- management practices, rampant growth and extreme drought have hurt both people and vital ecosystems. In cities and towns, water scarcity means quick showers, brown lawns and dirty cars. But the real economic burden falls on farmers, who use between 80% and 90% of the water available in the Far West. While cities can easily absorb drought-related water-price increases, many farmers are being driven out of business by their water bills...