Word: globalizers
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Dates: during 2000-2009
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...Dubai debacle triggered immediate concern about a new wave of financial problems rippling through global markets. Stock-market indexes plummeted, the cost of insuring against a default by Dubai jumped and the dollar strengthened as investors rushed back into greenbacks. On Friday afternoon, stock markets made something of a recovery as analysts took a second look at what Dubai's proposed repayment halt means. Eighty billion dollars - Dubai's total liabilities - may sound like a lot of money but in the context of the past year, it's not huge. And while banks like HSBC and Barclays have billions...
...Since the global financial crisis hit, the more sober Gulf economies have fared relatively well. Not only is the Middle East less integrated into global financial market than other regions, but oil prices have risen again since their initial decline last year. Unlike Dubai, the oil economies of the Middle East have been more sober during the boom years, putting their money in massive infrastructure projects, building cultural institutions, and keeping big piles of cash on hand for a rainy day. Dubai may want to do the same...
...TIME's Global Adviser for exotic, beautiful and interesting getaways...
...other countries. This is a witting reaction to the Bush Administration's tendency to diss our allies and insult - or invade - our enemies. It is a long game, which will yield results, or not, over time. After a first year spent demonstrating a new comity, Obama has gained the global credibility to get tough - on Iran, for example - in his second year. But the real evaluation of Obama's debut must wait for the results of the two biggest problems he's tackling: his decision on Afghanistan and the congressional attempt to pass health care reform. And even here...
...Brazil's interest in the Iran nuclear standoff is not based only on Lula's desire to mediate global conflict, however; Brazil is an emerging nuclear-energy nation with two reactors in operation, a third near completion, and with plans to build between four and eight more nuclear power plants before 2030. It has also signed deals with France to build nuclear-powered submarines...