Word: globalization
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Dates: during 2000-2009
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...Ghost has been in the works for several years, well before the global economic meltdown. But the timing of the car's rollout this fall couldn't be better for the automaker. Although Rolls-Royce had a banner year in 2008, selling a record 1,212 Phantoms worldwide, the company has taken a substantial hit this year. Sales of the Phantom tanked by more than 34% in the first six months of 2009 as the superrich started to put the kibosh on their conspicuous consumption...
Because the Continental starts at $177,600, the decision by Rolls-Royce to price the Ghost at $245,000 was a "quite deliberate" maneuver to create a niche market just above Bentley's more affordable model, says Paul Newton, an automotive analyst for the consulting firm IHS Global Insight. (See the 50 worst cars of all time...
TIME: How do you think the debate over global warming has progressed since you published The Republican War on Science? Mooney: We've come such a long way just because of political change - it's not like the science changed at all, but the politics changed - and yet it's still an incredible struggle. The vote in the House [on a bill to combat global warming] was superclose, and the Senate's going to be probably even closer. The reason that issue is so hard is that we have a gigantic gap between scientists and the public - and by association...
Read "How to Win the War on Global Warming...
...oligarch and the anti-oligarch - to be the big, brash banking magnate whose estimated wealth prior to the financial crisis was around $3.7 billion and to decry the system that produces people like him, to live among the powerful while lambasting those who lord it over others. Before the global downturn, which Lebedev says has cost him $1 billion, he was a predictable, if persistent, critic of former President and current Prime Minister Vladimir Putin, routinely calling for an independent legislature, a free press and free elections, and a crackdown on corruption. Improving his image has been the Moscow tabloid...