Word: globalizing
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...accident that the documentary An Inconvenient Truth opens with a satellite image of Hurricane Katrina bearing inexorably down on a helpless New Orleans. Since hurricanes draw their destructive power from heat in seawater, you would expect that global warming would intensify these terrifying storms and multiply their number, leading to increased devastation on land. All other things being equal, that's probably what would happen...
...second study, presented at a conference of the American Meteorological Association in Atlanta, says that whether or not the nature of hurricanes changes, the property damage they wreak in the U.S. will rise an average 20% over the next two decades because of the rising sea level caused by global warming...
...warms more than average, he says, you have an increase in storms. If it warms less, you have a decrease. The rise in Atlantic hurricanes that we have seen since 1980 or so, he says, is probably the result of exactly that kind of differential warming, not so much global warming overall. (See pictures of the effects of global warming...
...sourced goods can lead to inferior quality and buying decisions being made in favor of price over quality," says Peter Wong, an executive director with HSBC in Hong Kong. Vietnam, too, could lose in this scenario, as many of its manufactured products compete directly against Chinese goods on the global marketplace on the basis of lower cost...
...Crude palm oil from Malaysia, which produces 45% of the global supply, is one commodity for which China has a vast appetite, yet cannot produce, according to research analyst Mark Matthews of Macquarie Securities. Low-grade electronics manufacturers in Thailand and Malaysia also stand to be beneficiaries. "These two markets are well positioned to take China's place at the lower end of the production network," says HSBC's Wong. (See the best pictures of the week...