Word: messes
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...nations continue to buy increasingly large amounts of U.S. debt. This provides the U.S. with an indirect funding source to prop up its banks and brokerages, but it's a compromised solution. After all, the willingness of central banks to lend almost without limit to America helped create this mess. Cheap money from abroad suppressed U.S. long-term interest rates, helping to set the stage for the housing bubble and its catastrophic collapse. Continuing such inappropriate monetary and exchange-rate policies feeds more asset bubbles in emerging economies as well as global inflation...
Puig's financial records were a mess, and his accountant was a convicted felon with ties to the Colombian drug kingpin, Pablo Escobar. But that never seemed to bother Puig's investors or lenders, who kept showering him with money as long as condo prices kept soaring. It certainly didn't bother Puig, who explained in a recent deposition that he never paid attention to his books, in part because his expertise was in matters like where to advertise property and whether to paint the doors yellow or white, and in part because he never imagined the Florida housing market...
...indeed selflessly bringing freedom to Cuba by helping it throw off the yoke of Spain. But the Eagle had also taken the Philippines as a possession, and by 1899 was waging war against Filipinos who were trying to establish a republic. "Why, we have got into a mess," Twain told the Chicago Tribune, "a quagmire from which each fresh step renders the difficulty of extrication immensely greater." The contemporary ring of that assessment is heightened by statistics. By 1902, when Philippine independence had been pretty much squelched, more than 200,000 Filipino civilians had been killed, along with...
...still produce will stay in the sky rather than being absorbed by the oceans and land. The answer may be to quit thinking about solving climate change as only a matter of cutting greenhouse gases off at the source and to start considering how to clean up the mess that's already there. After all, when a busted pipe floods your home, you do more than just fix the leak and let evaporation take care of the water. You get out a bucket and start mopping...
Right now, most of the considerable skepticism directed at the idea concerns price and scale. But there's skepticism toward any technology that aims to reinvent the way we produce energy and clean up the mess it makes, whether it's air scrubbers, ocean-seeding, windmills or nuclear plants. The only point of nearly universal agreement is that we can't keep going the way we are now. A little imaginative science just may produce some of the many answers we so badly need...