Word: idea
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Dates: during 2010-2019
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...idea is to borrow money cheaply in one country and invest it in another with higher interest rates and where the currency may be appreciating. Last year a plunging dollar and the Fed's decision to slash rates made the U.S. currency ideal for funding carry trades. For example, selling the U.S. dollar to buy Australian dollars, Norwegian kroner and Brazilian reals yielded returns in excess...
Certainly the U.S. did not embrace the idea of carry trades being funded by the greenback, because this worked to only further weaken the dollar against major currencies, including the euro, the British pound and the Swiss franc. This made imports more expensive for consumers - at least in theory. (In reality, because of the size of the U.S. market, few importers could risk raising their prices for fear of being pushed...
...entire country - the Federated States of Micronesia (F.S.M.) - and if the archipelago nation pulls it off, it will be the first of its kind in the world. "It's a visionary, radical concept," says Howard Rice, an instructor at the College of Micronesia who came up with the idea. "There's never been a world park. It doesn't exist in the dictionary. It doesn't exist anywhere...
...move. In fact, even though the world-park concept was first floated in 2004, no guidelines for development in the park have been drawn yet, bringing into question how valuable the project will really be in conservation terms. The national government, too, remains skeptical. "It might be a workable idea," says Joseph Urusemal, a senator who was President when the world-park concept was introduced. "We just couldn't get a good grip on what it was going to be, how much it would cost and what would be the benefit...
Lifting the arms ban may not be so simple, however, with strong resistance already developing against the idea. Many E.U. countries are worried about China's increasingly threatening behavior toward Taiwan and are reluctant to sanction an arms buildup that would further isolate the island. France, for one, had called for the embargo to be lifted in 2004, but now says it should stay in place. The European Parliament is also opposed to ending the ban so long as Beijing continues to sell arms to countries like Zimbabwe and Sudan, whose governments the West accuses of committing or supporting violent...