Word: globalization
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Dates: during 2000-2009
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Since June, at least eight entities, including such high-profile names as Apollo Global Management, Colony Capital LLC and Starwood Capital, have filed with the Securities and Exchange Commission to launch initial public offerings of new real estate investment trusts (REITs). The plan is to use proceeds from the IPOs as well as government financing programs to either purchase or originate real estate loans and mortgage-related securities on the cheap. (See pictures of high-end homes that won't sell...
...relative terms. According to the new paper by Lane and J. Eric Bickel of the University of Texas, the seawater-mist method could counteract a century's worth of warming for $9 billion. Compare that to the political complexity and the economic unknowns associated with a meaningful and enforceable global climate accord. "The benefits are so great, at a low cost, that at the very least it makes sense to invest in a real research program for this," says Lane. (See pictures of the world's most polluted places...
...before we start creating man-made volcanoes, we should worry about the side effects. For one thing, increasing sulfur in the atmosphere would increase acid rain, with all the damage that can do to forests and wildlife. And there are serious concerns that artificially changing cloud cover could disrupt global precipitation patterns, a risk that climate scientists Susan Solomon and Gabriele Hegerl raised in a recent article in Science. They found a global drop in precipitation levels after the eruption at Mt. Pinatubo, and an increase in droughts. A cool but dry planet wouldn't be an upgrade from where...
...turn down the thermostat would be to spread sulfur particles into the atmosphere, either through artillery or with airplanes, thickening the air enough so that it would bounce some sunlight back. We know that process does reduce global temperatures: when Mt. Pinatubo in the Philippines erupted in 1991, it threw millions of tons of sulfur dioxide into the atmosphere, causing global temperatures over the following months to drop by nearly 1°F. Geoengineering would work much the same way - only it would need to be done continuously, to keep up with the intensifying greenhouse effect...
...With India's rise on the global stage, women too, are prospering. This makes them reluctant to quit high-paying jobs in their home cities in India and move to the West, where they are unlikely to get working visas or jobs, at least for the first few years. "I'm a very career- oriented girl, so I can't just leave and sit at home for a year" says Gupta. "I want to work and I want to focus on my career. These things matter." Amar likens arranging marriages to shopping for food. "It's like a department store...