Word: leveler
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...bags, cushions and shock absorbers." Trichet has now detailed what he means. On Sept. 6, a group of central-bank governors and regulators from 27 countries that is chaired by Trichet published specific proposals that he said would "set new standards for banking supervision and regulation at a global level...
...getting harder to enjoy the show. The rains dramatically illustrate how vulnerable Asia's densely populated coastal cities are to climate change. Breakneck growth and dilapidated infrastructure have already made flooding a fact of life in many cities. Now urban Asia must brace for sea-level rises, tidal surges, extreme weather and other climatic horrors. From ports in China and India to delta populations in Vietnam and Burma, this fast-developing region has most of our planet's urban dwellers - and its most vulnerable cities. Asia is not alone, however. From Mombasa to Miami, climate change imperils 3,351 cities...
...Three Asian capitals - Bangkok, Jakarta and Dhaka - are currently fighting what feels like a rearguard action to keep the water at bay. Their efforts will be watched in other cities waking up to a climate nightmare after years of unplanned growth. The threat of sea-level rise and flooding makes Bangkok a "climate hazard hotspot," says a May report by the Economy and Environment Program for Southeast Asia (EEPSEA) in Singapore. I prefer an older description: "the Venice of the East." Most early Bangkok residents moved by boat between floating houses; it was not until 1863 that the city...
...Canals can mitigate seasonal floods, but beyond mass relocation, nothing will proof coastal cities against rising oceans. Even a slight rise in sea level will engulf large parts of Dhaka, warns UN-HABITAT, while Bangkok and Jakarta are both so vulnerable that it is "beyond the current capacity" of residents to adapt, warns Herminia Francisco, who co-authored the EEPSEA report. This helps explains why, as I write this, the streets in my neighborhood are filling up with water. When the rain stops, one or two residents will shuffle through dirty, ankle-deep water to light incense at the local...
Despite predictions that the Great Recession would foment a wave of lawlessness, U.S. crime dropped 1.9% from 2007 to 2008, according to statistics compiled by the FBI. Violent crimes were down across the board, and rapes fell to their lowest level in 20 years. But the news is not all good: burglary spiked, and black men remained about six times as likely as white men to be murdered...