Word: globalization
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Dates: during 2000-2009
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...explain, not to condone. This xenophobic strain of Italian politics is a danger to the country. Finding a scapegoat in times of economic instability never solves anything, as the past century has made Europe well aware. Furthermore, in difficult times nations should be cooperating, attempting to find a global solution. This is not the time for fruitless and misguided nationalism...
...anniversary of his friend Chris Blackwell's Island Records, which brought everyone from Bob Marley to U2 to world prominence. Passing out leaflets for Montreux at a commemorative concert in London, Nobs says more than one hipster handed them back with the words, "Jazz? No thanks." (See TIME's Global Adviser for exotic, beautiful and interesting getaways...
...many members of the first generation of Tamils who fled the country when the war began are relieved by the Tigers' seeming end, and wish that the global Tamil youth were more critical of the LTTE. Nirmala Rajasingam, a first-generation activist with the U.K.-based Sri Lanka Democracy Forum, says the Tigers were "packaged as martyrs and freedom fighters" to the Tamil people, and that the diaspora's "unquestionable support and loyalty made the LTTE more unaccountable for its military power." Rajasingam, who has spent much of her life in exile having once been involved with the guerrilla group...
...Such examples of excessive investor ardor for new Chinese stocks aren't hard to find. Shares of Chinese water-treatment-equipment supplier Duoyuan Global Water soared 37% on June 24, its first day of trading on the New York Stock Exchange. Back in Hong Kong, Chinese thenardite producer Lumena Resources (thenardite is a key ingredient in powder detergents, textiles, glass, chemical feedstock and pharmaceuticals) rang up 19% in gains on June 17. On June 22, the IPO of China Metal Recycling closed 22% higher. (See pictures of China's infrastructure boom...
...America will be scrutinizing those mistakes as well. The Argentine poll was a referendum on Fernández's often confrontational leadership style - which voters and financial markets alike decided isn't all that well suited to rescuing South America's second-largest economy from the ravages of a global recession. The Fernández-Kirchner comeuppance may well be taken as a first sign that the economic downturn is reining in the region's increasingly powerful Presidents, especially the leftists who this decade have become a popular counter to U.S. political and economic hegemony in the Americas. (See pictures...