Word: palmed
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...Dhabi's sovereign wealth fund puts Dubai's debt crisis in a softer light. And, as far as Dubai's leaders are concerned, the problem is largely limited to egregious overborrowing by one company in one sector: Nakheel, the Dubai World subsidiary behind huge property projects like the Palm and the World, built on injected sand off the Gulf coast. "It will take a bit of time, but Dubai will come back," a Dubai insider told TIME. "It will come back stronger, because the crisis will help create a more sustainable model for the future...
...Humans won't be the only animals to benefit. Clearing land for palm-oil plantations is Indonesia's leading cause of deforestation, says a 2007 U.N. report, with Sumatra, Kalimantan and Papua the three worst-affected provinces. Thanks largely to the global appetite for palm oil, which is found in everything from chocolate bars to biofuels, the natural habitat of endangered animals such as the orangutan and Borneo rhino shrinks further each year. REDD could save them, said a recent study of Kalimantan by researchers from the University of Queensland in Australia. They believe that the revenues generated by preserving...
...beyond. Indonesia alone has a dozen or more REDD projects. "It's this new fad - everyone needs to have one," says Linkie. "It's good that governors from other provinces are [saying], 'Must have a REDD project' rather than 'Let's log it all and convert it into oil palm.'" In partnership with the Australian investment bank Macquarie Group, FFI has six other REDD schemes: three in Indonesia and others in Cambodia, Ecuador and Liberia. Last month, governors Irwandi and Schwarzenegger joined 30 other subnational leaders - including a dozen other U.S. governors and the leaders of forest-rich Brazilian states...
...free resort for the world's rich and upper middle class. Dubai's master planners developed a signature over-the-top style geared to the tastes of newly minted wealth - an indoor ski slope, a luxury condominium development with man-made islands arranged in the shape of a huge palm tree, and the tallest building anywhere...
...Proboscis monkeys are not the park's only drawcard. There are long-tailed macaques, shy silver-leaf monkeys, bearded pigs and grass-green whip snakes. But although this enclave bursts with color, the land beyond is becoming increasingly monochromatic. Massive palm-tree plantations are destroying Borneo's habitats. The proboscis-monkey population has dropped between 50% and 80% in the last three generations and now stands at about 7,000 across the island. Junaidi Payne, the chief technical officer of the WWF's Borneo Malaysia Program, says that we owe a moral responsibility to the animals. "The human species...