Word: ending
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...developed and developing economies that has taken over the G-8 industrialized countries as the decision maker in global economic affairs, agreed over the weekend to adopt a detailed timetable in order to coordinate the world's stimulus exit. The first steps are slated to be announced by the end of January next year. "If we put on the brakes too quickly we will weaken the economy and the financial system," warned U.S. Treasury Secretary Tim Geithner, "and the ultimate cost of the crisis will be greater." (See how to plan for retirement...
...quite knows where the world will end up in this new roundelay of policy decisions and feedback loops. What is clear is that there needs to be some measure of coordination among central bankers and policymakers as they exit stimulus measures and tighten monetary policy. It is fortunate that the planet now has forums such as the G-20 and reinvigorated multilateral institutions like the IMF to help in this regard...
...end of the day, governments will make decisions based on what they believe is best for their economy and people. The winners will be those who can draw the correct lessons from the still unfolding economic crisis and can act on them speedily - yet also have the flexibility to change tack as the decisions of other policymakers and other external events change the economic picture. Brace yourselves for more uncertainty and volatility...
...they create a lot of waste. But tuna-breeding is one of an expanding list of ideas being rolled out by scientists, activists, chefs, fishermen and entrepreneurs trying to find a happier marriage between the human demand for tuna and the ecosystem. "There is no one silver bullet to end overfishing because there is no one thing causing overfishing," says Mike Crispino of the ISSF. Major canneries that have signed on to the ISSF, such as BumbleBee, StarKist and Chicken of the Sea, are trying to guarantee that the fish going into their cans come from legal and traceable sources...
...years later, Reagan's role in bringing about the fall of the Berlin Wall and the peaceful end of the Cold War remains exaggerated, manipulated and misunderstood. To many of his conservative admirers, the challenge to Gorbachev in Berlin epitomized the toughness that made Reagan great: by refusing to compromise his core principles, he defeated communism and won the Cold War. But the truth is that Reagan was more adaptable, politically shrewd and open to compromise than either his champions or his critics prefer to admit. He may have called the Soviet Union an "evil empire...