Word: globality
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...pictures of the global financial crisis...
...handsome cash bonuses, ranging from 10% of the purchase price in year one to 3% in year six. Still, some analysts feel homeowners should be permitted to exercise the put - i.e., sell back the house at its original price - after three or four years. (See pictures of the global financial crisis...
...That would amount to a total trade ban, though countries would still be able to fish the tuna for their own markets. But given that about 80% of the worldwide bluefin tuna catch is eventually eaten in Japan - with the main fishing nations being Italy, France and Spain - a global trade ban should significantly reduce pressure on the fish population, which is now at less than 15% of its estimated historical high. "This step will help fix a management system that is broken," says Mark Stevens, senior program officer for fisheries at the World Wildlife Fund. "First...
...White House's decision wasn't an easy one, politically. The tuna ban is strongly opposed by many U.S. commercial fishermen, who worry that a prohibition of global trade in one of the most valuable species in the ocean would inevitably damage the industry. Republican Senator Olympia Snowe of Maine blasted the announcement, calling it a "reckless decision that will ultimately prove ineffectual and cause disproportionate harm to the U.S. bluefin tuna industry." And many fishermen doubt that the tuna is really threatened with extinction. (Watch TIME's video "The Trouble with Tuna...
...endangered-species protection. It's one thing to halt the hunting of relatively rare species like the rhino or the elephant. It's another to ban the trade of a major staple of sushi restaurants - especially as a cuisine that was once limited to Japanese workers has become a global favorite. A ban on the bluefin tuna trade would likely raise consumer prices of the fish in the short term, but it may be the only thing that could prevent the tuna population from collapsing altogether. It would also represent a rare occasion when the international community proved willing...