Word: globalization
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Dates: during 2000-2009
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...only thing remarkable about the ballad - so too are its composers and performers, Mira Awad and Noa. Awad is a Christian Arab Israeli, and her pairing with the Jewish Noa marks the first time an Arab has been chosen to sing for Israel in the most global of music events. (See pictures of heartbreak in the Middle East...
Another bet that didn't pay off for Freddie was on interest rates. The firm's managers bought derivatives that would pay out if interest rates rose. Instead, a global financial meltdown has caused interest rates to plummet. That resulted in a $15 billion loss for Freddie from its hedges...
...pictures of the global fight against AIDS, malaria...
...pictures of the global financial crisis...
...transnational Central American gangs like the Mara Salvatrucha - which actually originated in Los Angeles among the children of Salvadoran refugees waiting out the civil war - and today El Salvador has one of the world's highest murder rates. The problem is exacerbated by the social stress caused by the global recession, which is shrinking the remittances from Salvadorans living abroad that account for a large chunk of El Salvador's economy...