Word: gloom
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...INDICATORS Above, Or Out Of, The Fray? Whether they cut, thrust or stood still, central banks brought gloom last week. After the U.S. Federal Reserve slashed rates from 1.75% to a 40-year-low of 1.25%, many saw it as a sign of deep economic trouble, and markets fell. Then the European Central Bank kept its rate at 3.25%, prompting concerns that it wasn't doing enough for the economy - and markets fell more. Right To Work Harder Unionists from South Korea's largest industries launched a strike to keep the government from cutting the workweek from 44 hours...
Paris in autumn can be damp and gray, with plunging temperatures that make sidewalk cafés and long walks along the Seine less than romantic. Luckily, the city has a tradition of outfoxing the fall gloom with the indoor dazzle of its museums, galleries and exhibition halls. This fall's lineup is exceptionally eclectic. In addition to the blockbuster Matisse and Picasso show at the Grand Palais and the big Max Beckmann retrospective at the Centre Pompidou, the season's new shows include Old Masters, guitar gods and great photographers. At the Musée d'Orsay, Manet/Vel...
...From the gloom of this year's I.U.C.N. Red List of Threatened Species emerges one point of light: the Bavarian pine vole. Previously declared to be extinct, this humble rodent is in fact alive and well and living - not in Bavaria as you'd expect, but in Northern Tyrol. (The Lord Howe Island stick insect, last seen on its Australian island home in 1920, is the only other species to have been rediscovered after being classified as extinct.) The pine vole hadn't been spotted since 1962 but two years ago, a group of the rodents popped up across...
...investors €15 billion a year, will create a single E.U. market for trading securities, harmonize regulation and allow customers to buy shares directly from investment banks. The Good, The Bad, The Ugly The International Monetary Fund still believes the global economy is recovering, but it added to the gloom shaking markets when it released its World Economic Outlook with a host of downward revisions for expected economic growth. The IMF lowered its prediction for global growth in 2003 from 4% to 3.7%, cut the E.U.'s forecast increase from 2.9% to 2.3% and slashed the U.S. outlook nearly...
Dire predictions, apocalyptic talk and doom-and-gloom scenarios are not enough to inspire people to change either their politics or their day-to-day behavior. But neither can we afford to downplay the problems we face nor think that sustainable development will happen of its own accord. At the dawn of this new century, we must make a choice. We have the human and material resources needed to achieve sustainable development, not as an abstract concept but as a concrete reality. At Johannesburg the world's peoples must come together: to demonstrate our strong sense of common destiny...