Word: globalization
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Dates: during 2000-2009
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...globe that the world economy is stirring back to life. The U.S. finally returned to growth in the third quarter, with its strongest showing in two years, India posted inspiring 7.9% growth and the results out of tiny Taiwan, one of the economies slammed the hardest by the global recession, were so impressive one economist beamed that the island "got its groove on." Stock markets, aside from a downward blip here and there, have generally been buoyant. During this season of Thanksgiving and holiday cheer, there seems to be good reason to give thanks and be cheerful...
...taxis, known as tuk-tuks, were imported from Asia to help move tourists around. Business is down significantly this year. Hotels say they have about half as many guests as usual. Tuktuk drivers report they barely make enough to pay for gas. Restaurant owners are considering giving up. The global recession may be a major factor but the stench isn't helping...
Even indigenous Mayans' unknowingly feed the bacteria by washing their clothes on lakeshore rocks with soap that contains phosphorous. An overabundance of phosphorous coupled with three weeks of unusually high temperatures - which the government blames on global warming - is a possible reason why the lake is blooming this year...
...pictures of the effects of global warming...
...reform. Each of the working groups includes one Democratic and one Republican Senator from the committee, each of whom has one staffer along at the meetings. Between them, these 16 people are trying to rewrite the way the American financial industry does business - and, as a result, avoid another global financial meltdown. In theory, the process could succeed. "We have points of agreement," says one top GOP staffer. But he adds: "The working groups may not work because the issues are much too complex." (See award-winning pictures of the fallout from the financial meltdown...