Word: giantes
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...Lloyd Blankfein said at a breakfast put on by FORTUNE. "Once the economy starts to turn, we get very involved." In a discussion about morality and markets at St. Paul's Cathedral in London, Goldman Sachs International vice chairman Brian Griffiths, a former adviser to Margaret Thatcher, described giant paychecks for bankers as an economic necessity. "We have to tolerate the inequality as a way to achieve greater prosperity and opportunity for all," he said...
...Even in the capital, Sanaa, there were high-profile killings of foreigners earlier this year and a suicide attack against the U.S. embassy in 2008. When executives from the French energy giant Total, which built the new Balhaf gas plant, decided to go sightseeing in Sanaa's ancient quarter after the ceremony on Nov. 7, they drove through the city in a police-led convoy...
...legislation are a massive restoration of the Delta's ecosystem, a project akin to saving the Everglades in Florida, and a new modern conveyance system to move water through the Delta and around the state with conservation and efficiency. It is an intricate one as well because the giant pumps that speed water to state and federal aqueducts have played a part in bringing the Delta to the verge of ecological collapse in the first place...
...years, the Sacramento-San Joaquin Delta has funneled the Sierra Nevada snow runoff from the Sacramento Valley in the north to the giant farms in California's central valley and the now nearly 20 million people who live in Southern California. Both the economy and population of California are growing, but the amount of available water remains the same, or declines, as is currently the case with the state's worst drought in two decades. The legislation creates a new seven-member council to oversee and restore the fragile Delta, imposes a 20% conservation mandate for cities...
...major currencies, including the euro and yen, has fallen about 15% from a three-year high reached in March and is now hovering near a 14-month low. Economists and analysts expect the dollar to lose a lot more ground. Daisuke Uno, chief strategist at Japan's banking giant Sumitomo Mitsui, believes the Japanese currency could strengthen to 50 yen to a dollar by 2011 (from around 90 today) due to continued weakness in the U.S. economy. Harvard historian Niall Ferguson says the dollar could slide by as much as 20% on a trade-weighted basis over the next...