Word: globalize
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Dates: during 1990-1999
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...aftermath of the global collapse that didn't quite happen, what are the economic experts saying--and doing--about the recovery...
...economic-stimulus program, and optimists hope this one might actually be carried out. Meanwhile, a timely international rescue plan for Brazil has eased fears that Asia's ills would spread inexorably to Latin America, then to the U.S., then Europe, back to Asia and on and on in widening global circles. Accordingly, a few U.S. business people are beginning to cast lines into economies that are still largely underwater and fish for bargains on the bottom...
...scientific community," says Washington correspondent Dick Thompson, "the debate is largely settled that the global warming trend is human-induced and the result of industrial emissions into the air." The real debate is not whether the trend will continue, but how abruptly the temperature will rise. "Scientists are not sure whether world temperatures will rise linearly, "says Thompson, "or whether there's a threshold beyond which temperatures will skyrocket." Such dramatic warming periods, over as little as a decade, have already occurred in the history of the Earth. And if one were to occur again now, the ecological and social...
...Salinas affair has obviously embarrassed Citibank, a proud institution widely admired around the world. But the affair has done more: it has opened a door on the multibillion-dollar profits and potential pitfalls that beckon in a slice of the global banking business little known to the general public--a slice of the business that is growing rapidly, and for which Citigroup and its giant international rivals are competing ferociously...
Citibank's private-banking unit holds more than $100 billion, which makes it about the same size as the entire bank was in 1982. Those funds are in turn part of a $17 trillion global pool of money belonging to what bankers euphemistically call "high-net-worth individuals"--a pool that generates more than $150 billion a year in banking revenue. The numbers are especially impressive when you consider that except at a few sleepy British and Swiss institutions, the private-banking industry didn't exist until the 1980s. Citibank predicted early this year that it would reach $1 trillion...