Word: making
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Dates: during 2000-2009
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There's little disagreement that by picking up the banks' half-a-trillion-dollar repair bill, taxpayers got a rotten deal in the financial meltdown. How to make sure they're not forced to pay a second time is unclear. A levy on financial-market transactions, stretched beyond foreign-currency trades to cover stocks, derivatives and other clever instruments, might offer twin benefits. By slapping an additional fee on each transaction, the tax "would naturally drive [investors] toward those that are more sensible, more profitable, more rational," suggests Julian Jessop, chief international economist at the consultancy Capital Economics in London...
...sunlight from space to enter through the atmosphere, then trapping the sun's energy as it bounces off the surface of the planet - like a greenhouse. (Of course, without some greenhouse warming, the earth would be a cold, dead place, but too much CO2 accelerates the effect and could make the earth too hot to be habitable. The temperature on Venus, for instance, where the atmosphere is 96% CO2, is over 400°C, or 750°F.) By contrast, black carbon in the air actually absorbs sunlight as it comes from space, directly heating up the atmosphere. "The soot...
...Save More You've now heard it so many times, you can probably repeat it in your sleep. President Obama will no doubt make the point publicly when he gets to Beijing: the Chinese need to spend more; they need to consume more; they need - believe it or not - to become more like Americans, for the sake of the global economy...
...China and that President Obama may see when he is there comes not just from the frenetic activity that is visible everywhere. It comes also from a sense that it's harnessed to something bigger. The government isn't frantically building all this infrastructure just to create make-work jobs. And kids aren't studying themselves sleepless because it's a lot of fun. A few years ago, I interviewed Zhang Xin, a young man from a deeply poor agricultural province in central China. His parents were wheat farmers and lived in a tiny one-room house next...
...competitive business on the streets of Buenavista, made tougher as the recession has pushed more and more women to make a living here. Mexico's economy is predicted to shrink 7.2% in 2009, its worst slump since the Great Depression. Grim by any measure, the fragile economy is evident in the swelling number of prostitutes working in Mexico City, estimated to have risen 10% in the past year. Residents of Buenavista have long complained of the worsening situation, but now the government has put forth a solution. (See pictures of fighting crime in Mexico City...