Word: major
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...might begin having trouble financing their deficits, or that investors will reassess their exposure to risky emerging markets in some kind of financial "contagion." BofA Merrill Lynch strategists postulated in a report that "one cannot rule out - as a tail risk - a case where this would escalate into a major sovereign-default problem, which would then resonate across global emerging markets...
...think that Khazei's major challenge all along has been name recognition,” she wrote in an email to Flyby. “Once people learn about how much good he's done, they love him, but many people simply don't know who he is...I think [the Globe’s endorsement] will draw much more serious attention to a candidate who has been fantastic from the beginning...
...West has other problems to contend with, too. At the October investment conference in Ashgabat, several businessmen said a major obstacle was the fact the Turkmen have little time for Western values of democracy and free-market economics. Berdymukhamedov's regime is one of the most dictatorial in the world, keeping tight reins on the media and political opposition and allowing only the barest beginnings of private enterprise. "The reaction to our proposals is always, 'Thanks but no thanks,'" says one Western diplomat, who requested anonymity for fear of hurting his operations in the country. "It comes down to trust...
...were imported from Asia to help move tourists around. Business is down significantly this year. Hotels say they have about half as many guests as usual. Tuktuk drivers report they barely make enough to pay for gas. Restaurant owners are considering giving up. The global recession may be a major factor but the stench isn't helping...
With the future of one of its major tourist attractions in question, the Guatemalan government has announced an ambitious multi-part plan to cut sources of phosphorous. It calls for the construction of 15 sewage-treatment plants, a government-led conversion to organic farming for 80% of farmers in the lake's watershed during the next three years, and for educating residents and tourists about the environment. The cost: about $350 million, a huge expenditure for an impoverished country. "The problem has been accumulating for years but Guatemala has other expensive problems and, apparently, this was not a priority," says...