Word: million
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Dates: during 2000-2009
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...string of success stories has transformed a design scene once considered frivolous - back when banking was choice - into one of the few sectors driving Iceland out of its economic quagmire. In September, the Ministry of Industry bestowed its first million-dollar grant to a fashion house, Andersen & Lauth. The company's creative director, Gunnar Hilmarsson, was also recently crowned chairman of the year-and-a-half-old Design Centre. Although it was created before the crash, Hilmarsson explains that the center - which is a government-sponsored platform for exhibitions and seminars - took on a new life once the money disappeared...
...Global Fund's new plan proposes to solve this public-health crisis with a market-based solution. To undercut sales of counterfeits and alternative treatments, the Global Fund initiative will spend more than $220 million to subsidize genuine, effective combination-therapy drugs, and in Cambodia, it will spend an additional $10 million to ensure good distribution around the country. The idea was first proposed in 2004 by a committee of the Institute of Medicine headed by Kenneth Arrow, a winner of the 1972 Nobel Prize in Economics. The idea is that if the market is relied on to root...
...Malaria strikes about 250 million people around the world every year and kills nearly a million. The mosquito-borne parasite is the third deadliest infectious disease in the world, after HIV/AIDS and tuberculosis, and most of its victims are children. With the help of tens of millions of dollars from the Bill and Melinda Gates Foundation and various governments, the global health community - from biochemical engineers in Berkeley, Calif., to village volunteers in Battambang, Cambodia - is racing to eliminate the increasingly resistant parasite before it's too late. This week, the Global Fund signed off on a $220 million-plus...
ASEAN has grown up since the days of the so-called red threat. Not only are two of its members - Vietnam and Laos - socialist countries, but the regional bloc has transformed itself from an impoverished backwater to a key member of the global economy. Indeed, ASEAN's 600 million citizens have weathered the current global financial crisis far better than the citizenry of many other regions. Indonesia, for instance, is predicting upwards of 4% growth this year. (See Barack Obama's family tree...
...Diseases have been stamped out before. The last case of naturally occurring smallpox was in 1977, after the disease killed about 300 million people earlier in the century. But finding a cure for malaria has proven more elusive. Artemisinin, which is still considered the most effective malaria treatment today, is derived from sweet wormwood, an herb native to Asia. It's been used to fight the disease in China for more than 2,000 years, but it wasn't until 1965 that the cure was isolated and purified by the Chinese military after its soldiers started falling ill during...