Word: globalization
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Dates: during 2000-2009
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...dollars in development and marketing, money that it may never earn back. It looked at Sony's (SNE) success with the PlayStation and believed it could take away some of that business. Once it started to make some progress Nintento came into the market with its Wii. The global console business cannot support three highly profitable competitors. (See pictures of the history of video game consoles...
...pictures of the global financial crisis...
...Highlights: • The Dirty: Not surprisingly, California - a state beset by air pollution and struggling to amend its fuel-efficiency standards in order to stave off the effects of global warming - contained a good portion of the most-polluted counties and cities in America. Other highly polluted areas, such as the tri-state New York-Connecticut-New Jersey region and the Chicago area, also made it into the top 25 most air-polluted places. The charts - categorized by short-term particle pollution, year-round particle pollution and year-round ozone pollution - break down how many people afflicted by illnesses such...
...enough, the Singapore government has repeatedly revised its economic growth projections, growing more vigorously pessimistic with each try. It now expects Singapore's gross domestic product to shrink by up to 9% in 2009, which would likely be the sharpest contraction in Asia this year. (See pictures of the global financial crisis...
...Some Singaporeans are more seriously affected, of course, especially in the manufacturing areas of the economy hardest hit by the drop in global trade. Yet, while the city-state (population: 4.84 million) routinely is ranked as one of the world's freest economies, it also has a sturdy social safety net. Kalithas Krishnan lost his job at a Swiss-owned cargo operator at Changi Airport at the end of March. Today he receives a monthly total of $260 in cash and food coupons from the Singapore Indian Development Association, one of several government-funded charities, plus $55 to defray school...