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...Even countries apparently powering through the recession are hounded by tricky policy conundrums. After Chinese banks engaged in massive lending aimed at combating the global downturn, China's regulators warned in late November that they must meet mandated capital requirements or risk sanctions, a strong sign that Beijing is worrying over the possible fallout from its stimulus program. China also faces a tough choice on its currency regime. The government is under increased pressure from the U.S. and European Union to allow the yuan to appreciate, though policymakers remain nervous about the negative effect that could have on its struggling...
Michael Haneke is so tied to a particular dark and disturbing style of filmmaking - his subjects have included child murderers, suicide, sexual repression and sadomasochism - that interviewers are often surprised by the twinkly-eyed grandfather they meet in person...
...next 30 years an estimated 100 million tons of carbon are prevented from entering the earth's atmosphere - the equivalent of 50 million flights from London to Sydney. Those savings can be converted into millions of carbon-offset credits, which are sold to rich countries and companies trying to meet their U.N. emissions-reduction targets. The revenue produced by the sale of credits is then ploughed back into protecting the forest and improving life in communities living along its edge, thereby giving people a reason to leave the trees standing. In other words, forests are better REDD than dead...
...open for business like never before. After falling out with its close ally Russia earlier this year, the country has taken unprecedented steps to encourage foreign investment. Last month, the government hosted a landmark investment conference in Ashgabat, inviting hundreds of representatives from oil, gas and other companies to meet with government officials to discuss possible business ventures. It was also the first time in a decade that foreign journalists were permitted to travel freely in the country. (See pictures of Russia celebrating Victory...
...railroad connecting Turkmenistan and Iran, the first direct rail link between the Islamic Republic and Central Asia. "As of today, our relations with the Islamic bank have really been activated," Tuvakmammed Japarov, the country's deputy prime minister for the economy, tells TIME. In December, he adds, Turkmenistan will meet with other Arab funding institutions "to discuss a range of other projects...