Word: globalization
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Dates: during 2000-2009
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...short answer is that GM Mexico doesn't need a bailout because it's comfortably in the black. "If you have a profitable division at a time when the rest of your business is having a hard time, do you talk about it?" says analyst Pascual Francisco at IHS Global Insight in Lexington, Mass., referring to GM's decision to remain mum about the third wheel of its North American production base...
...over the past 25 years, the average Soay Island wild sheep has decreased in size, according to a report in the July 2 issue of Science by a team of researchers led by Tim Coulson of Imperial College London. Thanks largely to global warming, the winters on Soay Island are becoming shorter and milder. That makes food more abundant and allows some of the smaller, more vulnerable and younger sheep to survive. Then they go on to have offspring that tend to be small themselves - and have a better chance of survival because of the increasingly mild winters. "The environmental...
...some estimates, rapid climate change could drive as many as one-third of the species on the planet out of existence by mid-century. Though warmer winters in blustery Scotland might sound nice - especially if you're a sheep on the small side - the changes due to global warming are likely to be far from positive in most parts of the world. Evolution will help species adapt, but there's a term for what happens when the pace of evolution can't match the pace of climate change: extinction...
Bottom line: the dollar faces a longer-term challenge, and the big players know it. Echoing a call made by Zhou Xiaochuan, its governor, in March, China's central bank advocated a new global reserve currency in its annual financial-stability report released last Friday. Raising concerns of a move away from the dollar as the world's reserve, the proposal for a "super-sovereign" coin nudged down the greenback vs. a host of major currencies. That may have been a tad more impact than Zhou was seeking: with something like two-thirds of China's roughly $2 trillion...
...merchandise. Finally, what kind of bottomless plate of scampi do you really think 15 bucks can buy? In her new book, Cheap: The High Cost of Discount Culture, Shell argues that our never-ending pursuit of cheap has blighted our landscape, depressed working wages and (yes) contributed to the global financial meltdown. Shell talked to TIME about the problem with bargain goods, how to stop yourself from buying something you don't need and why Ikea is the least sustainable company on the planet. (See the top 10 worst fast-food meals...