Word: globalization
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Dates: during 2000-2009
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...actions taken last fall by the Fed, Treasury, Congress and governments around the world "may well have averted the collapse of the global financial system, an event that would have had extremely adverse and protracted consequences for the world economy," Bernanke said. Market improvements were already allowing the Fed to unwind some of the extraordinary actions it took last fall, with credit extended to banks and other financial firms declining from $1.5 trillion at the end of 2008 to less than $600 billion now. Congressional meddling in Federal Reserve decision-making - there are proposals to increase Congress's audit authority...
...wore them at the front of the saddle. "The sensors are accelerometers similar to what's in the Wii," says physicist Andrew Spence, who participated in the work. "Once you synchronize the two, you can determine the relative motion of the man and the horse." The jockeys also wore global-positioning trackers so their speed and position could be followed. "The tracker was in the helmet, where the GPS satellites could get a clear view of it," says Spence. The horses and riders were then sent running, and the biomechanical data poured...
...moon, the U.N. Secretary-General, was subject to a bitter attack in Foreign Policy magazine recently for "frittering away influence" at a time when "global leadership is urgently needed." But Tim Wirth, president of the U.N. Foundation, argues that Ban's critics miss the point. The U.N., Wirth says, is not a vertical institution but a horizontal one, with 192 nation-states acting as shareholders. Ban can't tell the U.N.'s members--or even its agencies--what to do. He has to negotiate and coordinate, find a consensus. He manages to do that, Wirth says, by "keeping...
Jackson was the most famous entertainer on earth; his sudden death was real news, huge news. His memorial 12 days later was a mammoth, global event. It was during the in-between, as it always is, that the coverage went into high-speed idling mode. For a good week, there was little news - about his estate, the toxicology tests, his final moments - so the talk became about how little news there was. There were the prime-time specials, the morning-show reports, the commentators and endless clichés. (He was a barrier breaker, a chameleon, a Peter...
...Indonesia has profited from the political uncertainty in regional neighbors Thailand and Malaysia, with foreign investors considering the once turbulent country as an alternative location to park their cash. Indonesia recorded 4.1% year-on-year growth in the first quarter of this year, a particularly impressive feat given the global economic crisis. A peaceful presidential election on July 8 underscored the feeling that Indonesia, just 11 years after emerging from dictatorial rule, was transforming into a democracy serious about tackling corruption and wooing foreign investors with its stable political climate. (Read "After a Four-Year Calm, Bombs Hit Jakarta Hotels...