Word: globalization
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Dates: during 2000-2009
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...integral part of that brand. But with its 2010 catalogue now arriving in mailboxes, the supplier of headboards and coffee tables to the world's thrifty and trendy has switched to what it sees as a more functional typeface: Verdana. In the process, it has provoked an instantaneous global backlash, the kind that can only happen on the Internet. (Read about Ikea in TIME's Design...
However, Frank Stronach, Magna's flamboyantly unpredictable founder and chairman, sees the acquisition of Opel as a once-in-a-lifetime opportunity to create a global car empire on which to stamp his imprint. "It's a risky deal for Magna," says auto analyst George Magliano of IHS Global Insight. "But car assembly is something they really want to do." This ambition may be too tall an order for the Austrian-born Stronach, 76, whose entire career has been marked by both spectacular successes and failures. Most recently, his dream of creating a horse-racing and gaming empire collapsed when...
These developments ideally position Magna, which remains on solid financial ground despite reporting a loss for the first half of 2009, to grab a much bigger share of the $400 billion global auto-parts market. This is already happening as its biggest U.S. competitors struggle with bankruptcy as a result of the near death of GM and Chrysler earlier this year...
...Science found that N2O - a by-product of agricultural fertilizer and a number of other industrial processes - is now the biggest ozone-depleting gas in the air, and could present a real threat to the ozone layer in coming decades. And worse, unlike CFCs, N2O - which also adds to global warming - is not regulated by the Montreal Protocol, meaning there is no global effort to try to reduce emissions. (See pictures of the world's most polluted places...
...Reform Commission and the Development Research Center of the State Council sponsored a recent report suggesting that if it took a number of aggressive measures, China, now the world's largest greenhouse-gas polluter, could hit an emissions peak in 2030 and then begin winding down. But if global warming is to be reversed, more than emissions control will be needed. Just as essential will be the further, rapid development of clean energy. And if the Chinese decide that there's good money to be made in that, you can be absolutely sure that it will happen...