Word: globalization
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Dates: during 2000-2009
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...Still, a recent study found that 76% of Australians living in Canberra, where kangaroos are common, supported culling to control population, and more than half supported culling for commercial purposes. With a little help from global warming and the recession, the industry's biggest p.r. challenges may be behind it. "People are smart; they will Google anything and make up their own mind," says Borda of Macro Meats. "It just needs to do its time." Australus may not be the new beef yet, but Borda and others in the business hope demand will keep growing by leaps and bounds...
...Still, it allowed the CDC to send diagnostic tests to labs around the country to track the flu's spread, while 11 million courses of Tamiflu were made available. "We are seeing a much more clear and cogent response than in the past," says Laurie Garrett, senior fellow for global health at the Council on Foreign Relations...
...latest pandemics, in 1957 and 1968, were mild, with global death tolls of about 2 million and 1 million, respectively. But doctors live in fear of a killer like the 1918 Spanish flu, which caused up to 100 million deaths. Undertakers were so overwhelmed that corpses were left inside homes for days. Cities passed laws requiring citizens to wear masks in public places, but the virus defeated that barrier; little stemmed the spread of the disease. From 1917 to 1918, average life expectancy in the U.S. dropped an amazing 12 years. Cruelly, the 1918 virus was particularly lethal in young...
...have things gone so terribly wrong for two of Canada's once esteemed telecom giants? What's happening in Canada is a reflection of a fundamental power shift taking place globally. Once untouchable telcos and their suppliers, including Nippon Telegraph & Telephone Corp., Deutsche Telekom and France Telecom, have become mastodons stuck in a tar pit. They are surrounded by a host of new technologies and hungry cable companies, wireless operators and handset providers with low-cost solutions and must-have apps. These competitors and their supply chains are smarter, faster, more aggressive. And they're gobbling up business...
...hindsight, the attempted takeover of BCE--the all-time biggest leveraged buyout in corporate history, led by the Ontario Teachers' Pension Plan, with backing from U.S. investors including Providence Equity Partners and Merrill Lynch Global Private Equity--was doomed from the moment it was signed in 2007. Less than two months later, global equity markets began to wobble, and credit got scarce. BCE's value sank from the take-out price of 34.62 a share to 16.85 on an auditor's report that debt from the proposed LBO would render the company insolvent. (Shares of BCE, with annual revenues...