Word: globalization
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Dates: during 2000-2009
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Senior officials say the harsh language was intentional. "We talked about it beforehand and intended to deliver a message," says a senior Treasury official. Both on Capitol Hill and in the regulatory agencies, Geithner felt, the "searing experience" of last fall's near meltdown of the global economy was falling prey to inertia and in some cases lobbying. "The reality is that there are pretty powerful vested interests fighting this," says the senior Treasury official. "It's not the entire industry, but they have an interest in fighting change...
...Amid an interior of beige and white, coolly accented by ebony tables and white onyx cutlery, French chef Laurent Gras gives seafood a new sense of immediacy with a menu as precisely executed as it is unconventional. His ingredients are global and first-rate: Maine codfish, Spanish octopus, deepwater snapper from Japan. His dishes are modest in size yet generous in potency. Shrimp tartare is sprinkled with edible pansies and gold dust; a trifle is composed of caviar, salt cod and potato. That snapper is smoked over cherrywood and glistens with apricot oil. See www.l2orestaurant.com. (See 10 things...
...offering them things that the general investor does not get." (Firms pay for the server space they use: as little as $50,000 a year, but as much as $500,000 a month to co-locate at the NYSE and other exchanges, says Murray White, senior vice president of global technologies at the exchange...
...Fast doesn't help if your algo isn't being optimized," White says. "In fact, we've taken great pains in our new global data centers to make sure that we've preserved fair access to all members...
...oceanographers familiar with the subject say research into ocean-mixing is only just beginning and that it's too early to make such assertions. "I appreciate what they [the Caltech team] are saying, but taking experiments of one particular event and extrapolating it to a global scale is always problematic," says oceanographer Andre Visser of the Technical University of Denmark...