Word: globalization
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...financial sector is another region where Obama’s failure to advertise has cost him popularity points and political cache. Though the financial meltdown dominated global conversation for months, it has recently faded into the background of political discourse. Through the Troubled Asset Relief Program, Federal Reserve Chairman Ben S. Bernanke ’75’s aggressive policies, and the Obama administration’s bold moves, the financial system has been resuscitated to a quasi-functional state, all to the negligence of the media and resultant ignorance of the general public...
...since a huge real estate bust in the U.S. in 2008 was the catalyst for the still lingering global recession, many analysts fear a replay in China could prove disastrous...
...Henderson, Nev., high school that not so long ago, the U.S. made barely 2% of the advanced batteries used in the world's electric vehicles. Now, thanks to a multibillion-dollar federal investment, American companies are positioned to increase production tenfold - and potentially control 40% of the global lithium-ion-battery market by 2015. "We've created an entire new industry," Obama said...
...business. The consulting firm Pike Research estimates that the global market for lithium-ion batteries could grow from $877 million this year to $8 billion by 2015. In North America, the market is expected to expand from about $287 million this year to $2.2 billion...
Automakers, meanwhile, are developing their own battery capability. Ford, for one, believes that designing its own lithium-ion battery packs will help streamline the development of its electric vehicles and reduce the cost. Design experts will be brought in-house, says Nancy Gioia, Ford's director of global electrification. By developing battery packs, Gioia says, "we get the volume and scale of more than 1 million units on our battery-management systems. Our suppliers aren't in a position to do that...