Word: industriale
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The half-decade before the financial crisis was a go-go time for the global economy. Consumption reached unprecedented heights; so did oil prices and shipping rates. And that frantic buying and selling was a boon for manufacturing. As U.S. consumers flexed their credit cards for flat-panel TVs and...
Retooling is not impossible. Germany's Volkswagen is converting part of a car-engine plant to produce "green" electrical generators. And if you buy into the great Asian growth story, then there is a chance that spending by wealthier consumers in countries like China and India can offset at least...
The fundamental challenge the Kyoto Protocol has failed to overcome is the divide between rich and poor nations. At present, 60% of all carbon emissions come from rich industrial nations that house only 20% of the world's population but use most of the world's resources. Developing nations, home...
The recession has its silver linings. According to a forthcoming report by the International Energy Agency, sluggish trade, dwindling industrial output and greener government policies have put global carbon dioxide emissions on track to drop 2.6% in 2009, the largest slide in 40 years. Analysts hope the dip will bolster...
But after the Cold War, Brazil finally started tapping its vast potential, first under President Fernando Henrique Cardoso (1994-2002) and since then under Lula, a former São Paulo metal workers union leader. As he told TIME in an interview last year, Lula, who is also head of...