Word: globalization
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Dates: during 2000-2009
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...these stomach-churning times, there's comfort to be had in chocolate. Just ask Kraft. The world's second-largest foodmaker revealed on Monday, Sept. 7, that it had launched a $16.7 billion bid for British confectioner Cadbury, a bold effort to create "a global powerhouse in snacks" worth $50 billion a year in revenues. Cadbury rejected the offer, but Kraft, maker of Oreo cookies and Kool-Aid, showed its sweet tooth. The firm is "committed to working toward a transaction," it said in a statement, "and to maintaining a constructive dialogue...
...social programs are expensive for a country that depends for survival largely on remittances from citizens who work abroad, from relatives and friends in the United States. El Salvador's local economy has been hit particularly hard in recent months due to the global economic downturn and slumping U.S. economy, says Larry Birns, director of the Council on Hemispheric Affairs, creating "a society unable to fulfill expectations of a large portion of the population." Says Birns, "El Salvador simply can't afford a full-scale war on crime and gangs." And so the Maras will continue to grow and export...
...chiefly to wobbles in the Earth's orbit around the sun that gradually reduced the amount of sunlight hitting the Arctic. Left unchecked, the Arctic would have continued that slow cooling for thousands of more years, until the Earth's orbit wobbled again. (See pictures of the effects of global warming...
...Fund (WWF) examines that problem and its potential future effects - and it's not pretty. The WWF researchers found that Arctic sea ice is melting at a faster rate than expected, and that the massive land sheets in Greenland and parts of Antarctic are vulnerable. The report predicts that global sea level will rise more than 3 ft. by 2100, significantly higher than scientists had previously believed. "What we're finding is truly sobering," says Martin Sommerkorn, the senior adviser for the WWF's Arctic Program. (See the top 10 green ideas...
...positive feedback cycle that would accelerate climate change. But the impacts of a hotter Arctic go beyond that. The WWF study found that as the Arctic warms, it could alter weather patterns beyond its borders, affecting temperature and rain patterns in Europe and North America. "The Arctic is the global refrigerator for the climate system," says Sommerkorn. "Change it, and you might see even more dry summers in the Southwest and wetter winters in the Mediterranean." It's another reminder that in this season of climate change politics, we're running out of time to make a difference...