Word: globalization
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Dates: during 2000-2009
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...prisoners toughness is certainly entertaining, but behind the ego and bluster, O'Leary's real-life business performance is spotty. All four of the funds run by O'Leary's asset-management company are trailing the market this year. Shares of the company's oldest fund, O'Leary Global Equity Income Fund, which was launched in 2008, have plunged nearly 24% in the past year. Next, there's the truth-in-advertising problem: O'Leary calls himself an "eco-preneur," but many of the funds' investments are in coal companies and other large polluters. An O'Leary Funds representative declined...
...sure, O'Leary is not the only famous investor who has struggled to stay above water in the market recently. But O'Leary's Global Equity Income Fund has sunk more than most. The average stock fund is down 12% in the past year, according to research firm Morningstar. Compared with other equity-income-fund managers, O'Leary has done even worse. Those funds, generally considered to be safer investments, on average have fallen 10%, or less than half the plunge of O'Leary's fund. And O'Leary is not doing any better since the market turned...
...Kumar has heard of global warming, but to him it's incomprehensible that the live coals in his iron are partly to blame for it by producing black carbon, or soot, a greenhouse gas considered more destructive than carbon dioxide. Though he would like to stop using coal - "an electric iron would be so much more convenient," he says - the upgrade is too expensive. But he is saving up for one, and once he does, he will move from using coal to using electricity produced with coal, the source of more than 60% of India's electricity. (See pictures...
...been emitted by developed countries. Most scientists agree this needs to be stabilized at 450 ppm or less, leaving a tiny wedge - about 70 ppm - in which the developing countries must jostle for space to industrialize and pollute. (Read a story about how India's cows contribute to global warming...
...TIME's Global Adviser for exotic, beautiful and interesting getaways...