Word: flooding
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Dates: during 2000-2009
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After famine, now comes the flood. SEACOM is the first of three fiber-optic cables that will connect East Africa, via the Kenyan port of Mombasa, to the rest of the world. Analysts say that could lead to a more than 90% reduction in the cost of Internet access in years to come. The high price of using the Internet has up until now crippled the region's nascent tech sector, denying jobs to millions of well-educated young Africans. (Read: "Kenya's Blackboard Jungle...
...until mid-October, when flu season is already under way, so additional measures will need to be taken to control H1N1/09. In New York, by far the hardest-hit city in the U.S., plans include setting aside space in hospitals and clinics to screen potential flu victims before they flood emergency rooms. During the initial weeks of the spring outbreak, legions of the "worried well" - those who mistakenly thought they had swine flu - overwhelmed New York hospitals, leaving fewer resources for the truly ill. By trying to identify possible victims early, officials hope to keep hospitals running, mindful...
...developing domestic financial sector from shifts in the global economy. China sees its controlled currency as a "dam surrounding a reservoir, and the government doesn't know what would happen if it blew up the dam," says David Li, an economist at Tsinghua University in Beijing. "Would water flood out because the level inside the dam is higher than outside or would the opposite happen? That's what they are afraid of, that uncertainty." Li believes it could take 15 years for China to make the yuan a fully convertible currency. Laurence Brahm, a China expert and author...
...this credit flood has been directed mainly at large, state-owned companies. It has not been trickling down to the country's private small- and medium-size enterprises (SMEs), which continue to have difficulties securing loans, even though the global credit crisis has abated. The People's Daily newspaper reported in late June that SMEs have received less than 5% of the total volume of loans. That's not just a problem for private business owners. Because their firms do a better job of creating employment than state-owned enterprises, the credit crunch creates headaches for policymakers trying to limit...
When the G-8 summit begins in Italy on July 8, it will undoubtedly garner a flood of attention for its host. But while Prime Minister Silvio Berlusconi was planning to bask in the results of his bold, last-minute decision to switch the site of the meeting from La Maddalena on Sardinia to L'Aquila, the central city still reeling from April's deadly earthquake, it is the stories of Berlusconi as a party guy that are capturing the imagination...