Word: globalization
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Dates: during 2000-2009
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...have just released the results of the stress tests that they ran on the top 19 U.S. banks. This group holds about two-thirds of the total assets in the U.S. banking system. The health of those balance sheets has profound implications for the severity and length of this global synchronized recession...
...final lesson from all this is that the U.S. and global credit markets are still impaired, and more disruptive uncertainty lies ahead. The economy is still very weak, and while the pace of contraction in real activity is slowing, the global contraction is going to be with us for a while longer. Indeed, a global recovery is conditioned on the health of the U.S. financial system. And even after the stress tests, the health of that system is still in question...
...author is head of global research at RGE Monitor in New York City...
...comes from people making over $250,000 a year is well below budget. Even if the federal government has a perfect track record of holding to its expense plan for the next two years, IRS receipts could be off by tens of billions of dollars. (See pictures of the global financial crisis...
Polar bears have become the universal symbol of global warming, not so much because they're cute or cuddly (they're actually ferocious and not opposed to cannibalism), but because it is eminently clear that climate change is killing them. Polar bears depend on solid sea ice for survival; it's where they do their hunting. But when the ice begins to melt - as it has in recent years, thanks largely to warming - the bears can starve...