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...world economy is showing signs of recovery, stock markets are soaring and bankers are again awarding themselves big bonuses. But one year after the financial conflagration that devastated Wall Street and burned financial institutions around the globe, the main firefighters - central bankers, market regulators and government policymakers - continue to struggle with a central question: How do we prevent it from happening again...
...control project is planned. UN-HABITAT calls the Bangladeshi capital "the world's fastest-growing megacity." Located at the heart of one of the world's largest river systems, it is also one of the most flood-prone. One solution is the Dhaka Integrated Flood Control Embankment. Its two main aims are laudable: protect eastern Dhaka from the overflowing Balu river and, with a road running along its top, ease the city's mind-bending traffic jams. But the $350 million project is so ill-conceived it will actually worsen flooding, claims landscape architect Iqbal Habib, one of many eminent...
There's no quick or easy answer to that question. Violence will ebb over the winter, and perhaps a political accommodation between the government and main opposition party - or indeed with the Taliban - will help in Kabul. But as fighting starts to heat up again next spring, and the U.S. leans on its allies in Europe for more troops, opposition to the Afghanistan campaign is likely to grow. The consequences of a withdrawal could be awful. But the clamor for it is getting louder. - Reported by William Boston / Berlin, Leo Cendrowicz / Brussels, Bruce Crumley / Paris and Catherine Mayer / London...
...main climate question for the G20 was how to finance global carbon emission reductions, and how to help developing nations that stand to lose the most from climate change adapt to a warmer world. That latter issue is a chief sticking point for the ongoing U.N. climate negotiations, in which governments are working to produce a successor to the Kyoto Protocol at the Copenhagen summit in December. While poor nations have demanded funds to help them develop sustainably and prepare for warming, rich nations have so far been slow to promise money. "Climate financing is going to be absolutely...
...Western officials say the site is less extensive than the main enrichment plant at Natanz, containing only 3,000 centrifuges. (Natanz has 8,308 installed.) And it is still under construction and not yet producing enriched uranium, the officials say. At a news conference later in the day, Ahmadinejad confirmed that the site won't be operational for 18 months and said Iran's work on the facility was not a violation of the Nuclear Non-Proliferation Treaty. But as in the case of Natanz, the second plant's existence was initially kept secret and only acknowledged when Iran...