Word: globalization
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...time of famine," he says, adding that even though students don't show up in the country's grim unemployment rate (currently 13.1%), they have become the hidden victim of the recent financial crisis. "The last thing you eat is your seeds." (See pictures of the global financial crisis...
Reports about the melting ice caps are distressing, but for the most part climate change remains abstract. The poor polar bear has been trotted out as the tangible face of global warming so often that we're beginning to see "polar bear fatigue." How about bringing the effects of Arctic melt close to home, as in what it will cost? A new study does just that, and the results are alarming, not just for Arctic dwellers but for all of us. According to lead author Eban Goodstein, Ph.D., over the next 40 years Arctic ice melt will take an economic...
...study looked at damages at different SCC and discount rates. "Using the mid-range EPA figure, the cumulative global cost between now and the middle of the century will exceed $7 trillion," says Goodstein. "This means that every working adult will have to pay half of a year's salary just to cover the damage of the breakdown of the Arctic air conditioner." The higher figure used in the survey, based on the U.K.'s 2007 Stern report, yields significantly greater damage estimates...
...acidification, and the timing of the potential disintegration of the West Antarctic Ice Sheet. "We as social scientists can't [offer precise financial estimates] until we have reliable information from natural scientists. We will probably get better resolution over the next two decades." (See pictures of the effects of global warming...
...told Obama that "healthy and stable economic and trade relations between China and the United States serve the interests of both countries," according to the state-run Xinhua News Agency. The report didn't say whether the two leaders had discussed China's currency. (See pictures of the global financial crisis...