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...well as roughly 10% of the remaining losses. In return for picking up the rest, the government will require banks to sign agreements binding them to increased rates of lending. Just how much risk that exposes the U.K. government to is unclear; the level of banks' exposure to the kind of toxic assets the insurance protects against is still blurry. And any pickup in the economy could reduce a lender's need to cash in any such policy. Still, "we need to offer this insurance," Darling insisted. "If we don't ... then frankly the lending will not start again...
...This week the city is hosting the second annual World Future Energy Summit (WFES), a gathering of clean-tech companies and luminaries that has quickly emerged as, as the New York Times put it recently, a kind of Davos for the postcarbon set. And while much of the rest of the world is using the financial crisis as an excuse to put off the transition to cleaner power, in the WFES's opening session today, Abu Dhabi announced that it had pledged that 7% of its energy would come from renewable sources by 2020, up from nothing today. "This...
...More than that, Masdar City and the WFES as a whole show the triumph of a kind of techno-environmentalism that would be all but unrecognizable to the crunchy nature lovers who once dominated the green movement. A walk through the summit's cavernous exhibition area, where models push mini-wind turbines, reveals booths dedicated to thin-film solar arrays, geothermal pumps and carbon-trading consultancies. There's little about trees or wildlife, nothing about environmental sacrifice - this is about the business of getting the carbon out of our energy supply as quickly as possible. And even in the middle...
Rick Warren has spent his entire career building a reputation as an Evangelical who doesn't cause the kind of outrage and protests that have greeted his selection to deliver the invocation at Barack Obama's Inauguration. Warren wasn't a polemicist like Jerry Falwell or Pat Robertson; he was the one who talked about a loving Jesus, who promised that God had a purpose for your life. "Pastor Rick" took on progressive causes like third-world poverty and sex trafficking, and implored Evangelicals to care about HIV/AIDS. Both Obama and John McCain were comfortable enough with Warren that they...
...consequence of their downtrodden condition, the Rohingya don't have the kind of diaspora-based support groups that provide publicity and aid to some of Burma's other oppressed minorities. Their plight, though, may be a central issue at the next regional ASEAN Summit, which will take place at the end of February in Thailand. By then, observers hope the Thai government will employ different methods in tackling the problem. "Governments in the region need to put together a proactive plan to meet the needs of the Rohingya," says Garcia. "You can't literally make these people go away...