Word: globality
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Dates: during 1990-1999
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eLance has its own, radical plan for bringing employers and employees together. After watching how markets dynamically set prices for stocks, bonds and commodities, bond trader Beerud Sheth and portfolio manager Srini Anumolu figured they could transfer the same efficiency to the job market. With a global pool of talent available to bid on every project, a programmer in Moscow could win an assignment from a firm in Iowa...
...case of dysfunction that has drawn scant public attention. Instead of putting together a large single proposal, Congress has been nibbling at the global-warming issue piecemeal, with opponents throwing up obstacles at almost every turn in the form of directives and riders tacked on to major spending bills so they slip through the legislative process virtually unnoticed. This tactic has environmentalists, no slouches at publicity themselves, crying foul. "A lot of these [proposals] could never be moved in the light of day," says Greg Wetstone, a congressional watchdog for the Natural Resources Defense Council...
While Congress remains bitterly divided along party lines on other issues, opposition to climate-change initiatives has surprisingly broad support on both sides of the aisle. Some lawmakers dismiss worries about global warming as little more than "liberal claptrap," as California Republican Representative Dana Rohrabacher puts it. Others interpret the climate moves as a sly attempt by the Administration to enact by bits and pieces what the Senate declared it would not do when it voted 95-0 to oppose the Kyoto treaty, an international pact to reduce greenhouse-gas emissions that is strongly supported by Vice President Al Gore...
...presidential candidates, they range from naysayers to true believers on global warming. Is it really happening? Undoubtedly, said Gore, his party's top contender, when TIME questioned the major candidates. He added, "There is overwhelming scientific consensus that human activity is contributing to global warming." Former New Jersey Senator Bill Bradley, another Democratic hopeful, acknowledged that it was a "serious threat." But the G.O.P. candidates sounded less certain. Texas Governor George W. Bush, his party's front runner, and Elizabeth Dole both agreed that the earth is getting warmer but professed to be agnostic about the cause, saying only that...
...pressure on Congress to confront the issue, and it is coming from an unexpected quarter: the business community. While commercial interests joined forces to block the Kyoto treaty in the Senate two years ago, the opposition has since splintered. Even such big oil companies as BP Amoco concede that global warming demands a serious response. Just two weeks ago, a subgroup of FORTUNE 500 companies known as the Business Roundtable called on government to encourage the development of advanced technologies to "address concerns about climate change." And when he visited Washington recently, Ford Motor chairman Bill Ford said, "We believe...