Word: globalization
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...however. From Mombasa to Miami, climate change imperils 3,351 cities lying in low-elevation coastal zones, says UN-HABITAT, the U.N. agency for human settlements. Places that once thrived because of their proximity to rivers and oceans now seem cursed by it. (See pictures of the effects of global warming...
Politics - national, global, financial and sexual - dominated the festival and its awards. The Golden Lion, the top prize from the jury headed by filmmaker Ang Lee, went to Lebanon, Samuel Maoz's potent memoir of the first Israeli?Lebanon war. Women Without Men, a feminist drama set in Iran during the 1953 U.S.-backed coup that placed Reza Pahlavi on the Peacock Throne, earned the runner-up Silver Lion prize for director Shirin Neshat. Ksenia Rappoport took Best Actress as a Slovenian immigrant with a mysterious agenda in the Italian thriller The Double Hour. And Britain's Colin Firth...
...real estate investments and unable to persuade its jittery creditors to keep lending it money--filed for bankruptcy protection. It was the largest bankruptcy ever in the U.S., but the really big news was what happened afterward. First came a financial panic that threatened to shatter the global capitalist order, followed by an unprecedented--and unprecedentedly expensive--effort by governments on both sides of the Atlantic to patch things...
Three main lessons present themselves. First, the lightly regulated global financial system that has evolved over the past three decades is dangerously fragile. Second, the U.S. government is capable of keeping a financial panic from snowballing into a complete economic disaster. Third, the government has not yet shown itself to be capable of doing much of anything to make the financial system less collapse-prone in the future. (There's a link, by the way, between the government's failure in No. 3 and its success...
...culmination of the “Say Yes to Drugs” campaign, which has been advertising its message in front of the Science Center for much of this week, came on Saturday with a benefit dance and speech in support of better global access to generic drugs...