Word: globalizing
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...That was made clear on Nov. 25 when the city-state of Dubai shocked the global investment community by asking creditors of its main corporate arm, ports-and-property conglomerate Dubai World, for a six-month payment standstill on its almost $60 billion of liabilities. The surprise hit stock markets in Asia and the U.S., while sending investors scrambling for safe havens like the U.S. dollar. Experts have since engaged in a rabid round of speculation over what the Dubai debt crisis might mean for the world economy. Some see the problem as little more than a big real estate...
...Even countries apparently powering through the recession are hounded by tricky policy conundrums. After Chinese banks engaged in massive lending aimed at combating the global downturn, China's regulators warned in late November that they must meet mandated capital requirements or risk sanctions, a strong sign that Beijing is worrying over the possible fallout from its stimulus program. China also faces a tough choice on its currency regime. The government is under increased pressure from the U.S. and European Union to allow the yuan to appreciate, though policymakers remain nervous about the negative effect that could have on its struggling...
...pictures of the global financial crisis...
...says, and to helping women achieve equal opportunities in the workplace. She has her work cut out for her: Italy has the lowest percentage of working women in Europe. Only 2% of top management positions in Italy are held by women, less than in Kuwait. In last year's Global Gender Gap report from the World Economic Forum, Italy ranked 67th out of 130 countries. Such figures are particularly shocking for women like Elisa Manna, who is old enough to remember Italy's muscular feminist movement of the 1970s. "Back then, young women wanted to become doctors, lawyers - professional people...
...product. The process is called photosynthesis, and it enables forests like Ulu Masen to play a critical role in regulating our climate. Forests store an estimated 300 billion tons of carbon, or the equivalent of 40 times the world's total annual greenhouse-gas emissions - emissions that cause global warming. Destroy the trees and you release that carbon into the atmosphere, putting the great challenge of our age - averting catastrophic climate change - beyond reach. Forest destruction accounts for 15% of global emissions by human activity, far outranking the total from vehicles and aircraft combined. Forests are disappearing so fast...