Word: globalization
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Dates: during 2000-2009
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Black carbon and CO2 each contribute to global warming in different ways. CO2 intensifies the greenhouse effect, allowing sunlight from space to enter through the atmosphere, then trapping the sun's energy as it bounces off the surface of the planet - like a greenhouse. (Of course, without some greenhouse warming, the earth would be a cold, dead place, but too much CO2 accelerates the effect and could make the earth too hot to be habitable. The temperature on Venus, for instance, where the atmosphere is 96% CO2, is over 400°C, or 750°F.) By contrast, black carbon...
...them on their head. Instead of deciding which factory gets which raw materials, which products are made, how they are priced and where they are sold, their planning now consists of 'How do we build a world-class silicon-chip industry in five years? How do we become a global player in car-manufacturing...
...mature, developed country, many economists believe it has shortchanged infrastructure investment for decades. It possibly did so again in this year's stimulus package. Just $144 billion of the $787 billion stimulus bill Congress passed earlier this year went to direct infrastructure spending. According to IHS Global Insight, an economic-consulting firm, U.S. spending on transportation infrastructure will actually decline overall in 2009 when state budgets are factored in - this at a time when the American Society of Civil Engineers contends that the U.S. should invest $1.6 trillion to upgrade its aging infrastructure over the next five years...
...Silicon Valley these days "because I believe this is where these new industries will really take shape. China's got the energy, the drive and the market to do it." Isn't that the sort of thing venture capitalists used to say about the U.S.? (See pictures of the global financial crisis...
...probably repeat it in your sleep. President Obama will no doubt make the point publicly when he gets to Beijing: the Chinese need to spend more; they need to consume more; they need - believe it or not - to become more like Americans, for the sake of the global economy...