Word: globalization
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...Brazilian wing of ABN Amro is worth about $49 billion after merging with Santander's existing business in Brazil. In 2007, the firm spent just under $10 billion for Italy's Banca Antonveneta, which it promptly sold off for a $3.74 billion profit. (See pictures of the global financial crisis...
Climate of Indifference Re "Beyond Copenhagen" [Dec. 14]: Americans should be proud of their President. For those who doubt that climate change is man-made, look at it this way: global temperatures are increasing, man-made or not; fossil fuels will run out; carbon dioxide is increasing in the atmosphere; carbon dioxide is a greenhouse gas. It doesn't matter if global warming is man-made or not. We must aim to change to sustainable energy sources, increase research and development into alternative energy sources and cut down on carbon emissions. We'll have to do it anyway - fossil fuels...
...schoolchildren with Food Force, which asks players to coordinate an emergency response during a food shortage. The New York Times columnist Nicholas Kristof has teamed up with Games for Change to produce a game to complement his recent book, Half the Sky, which lays out a plan to fight global poverty. Players on social networks will take real-world actions - making microcredit loans, signing petitions - to advance. "We think it's a chance to reach beyond the choir," says Kristof...
...fact, terrorists have not pulled off another attack on the scale of 9/11 anywhere in the world. A 2007 study by Canada's Simon Fraser University found the global death toll from terrorist attacks has substantially decreased since 2001. While al-Qaeda plots do sometimes succeed - like the double-agent operation that killed seven CIA officers in Afghanistan last month - they have become, Rand terrorism expert Brian Jenkins points out, less frequent and less potent...
...encouraged by your choice of Bernanke as Person of the Year. He continues to do extraordinary things for this country, and he has used his position to avoid a potential disaster for the global economy. In your words, he acted on our behalf when others sat on their hands...