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Dates: during 2000-2009
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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...

Author: /time Magazine | Title: Braking the Banks | 9/28/2009 | See Source »

...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...

Author: /time Magazine | Title: Treading Water | 9/28/2009 | See Source »

...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...

Author: /time Magazine | Title: Treading Water | 9/28/2009 | See Source »

...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...

Author: /time Magazine | Title: Treading Water | 9/28/2009 | See Source »

...anxiety, among other things. Cash's private practice is located in Redmond, Wash., the home of Microsoft - not an entirely surprising hub of compulsive Internet and video-game use, she says. Indeed, the Seattle-Tacoma area is the nation's 13th largest media market, and has the highest level of Internet use in the country; according to a recent study, more than 45% of adults in the area regularly play video games. "There's nothing wrong with this technology," says Cash, who is careful to note that it's not the medium that is to blame, but rather, the lack...

Author: /time Magazine | Title: A New Recovery Center for the Woes of Warcraft | 9/27/2009 | See Source »

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