Word: globalizing
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...potentially dangerous step. No one knows exactly how a withdrawal will affect the tentative global economic recovery - just as it is not clear, even now, whether interest-rate cuts and huge stimulus spending in the U.S. and elsewhere are resulting in sustainable economic growth. The world is in uncharted territory. Policymakers are acting on the fly, without much in the way of historical precedence to guide them...
...Investors, including those saving for retirement, are on uncertain ground as well. The global crisis and the stimulatory monetary and fiscal policies that were brought to bear against it have overturned all the verities about long-term investing. Exiting from those policies is not likely to reinstate them. How will equities, bonds, commodities, oil, gold, currencies and other investment vehicles fare in the post-crisis, post-stimulus-spending world? (See how Americans are spending...
...group of developed and developing economies that has taken over the G-8 industrialized countries as the decision maker in global economic affairs, agreed over the weekend to adopt a detailed timetable in order to coordinate the world's stimulus exit. The first steps are slated to be announced by the end of January next year. "If we put on the brakes too quickly we will weaken the economy and the financial system," warned U.S. Treasury Secretary Tim Geithner, "and the ultimate cost of the crisis will be greater." (See how to plan for retirement...
...potential increases in U.S. stimulus spending even as other economies start to withdraw their programs and tighten monetary policy bring more uncertainty to the prospects for the global economy. One early casualty is the U.S. dollar, which has weakened significantly against most other major currencies. A continued fall appears likely as investors park their capital in Australia and elsewhere, because interest rates are trending higher there and economic growth is far more robust than...
...some species of tuna, the chase is becoming unsustainable. In September, the European Commission recommended that the E.U. support a temporary suspension of the global trade of Atlantic bluefin tuna, a majestic cousin of the yellowfin sold for tens of thousands of dollars a head for its coveted sashimi meat. At current fishing rates, the World Wildlife Fund (WWF) estimates that Atlantic bluefin that spawn in the Mediterranean could disappear from those waters as early as 2012. But the recommended ban was shot down by E.U. member states including Greece, Cyprus, Malta, Spain, France and Italy - all countries with...