Word: poore
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...read the article on the Spanish environment Minister, Cristina Narbona Ruiz. I agree that the Minister's policy to protect the Spanish coastline is laudable. However, as was widely commented on by the Spanish media, it is a fact that while she is demolishing a poor neighborhood on the seafront in Tenerife, she is allowing the construction of a building on Arosa Island in Galicia, just 20 m from the sea, where wealthy people will end up owning luxury flats. Consequently I believe she does not deserve to be on the list of heroes as her policies are not equal...
...director of sovereign ratings at Standard & Poor's in Singapore, says that it was almost inevitable that Asian governments would have to intervene more directly to stabilize financial markets. That's because massive rescue packages engineered in the U.S. and Europe to support their financial institutions threatened to put Asian lenders at a disadvantage in global markets. "It becomes peer pressure," Tan says. "The more people do it, the more you have to do it. Otherwise, you feel confidence may be lost...
...others in Asia. To some, the recent upheaval in Korean markets was eerily similar to the country's financial crisis in 1997. Back then, Korean banks also had trouble refinancing borrowings from jittery foreign banks, creating a shortage of dollars that required an IMF bailout. However, Tan of Standard & Poor's says that current conditions are vastly different than those of 10 years ago. Not only are Korea's banks much stronger, but, with $240 billion in foreign currency reserves, the country's finances as a whole are in much better shape, Tan says...
...organizes and promotes the Green Cup, which anchors many of its campaigns throughout the year. The problem with using the Green Cup as an incentive for change is, simply, that it is a poor incentive. The house that claims the Green Cup wins just more than $1000. As the standings begin to shake out, houses that stand to lose tend to tune out, defeating Green Cup’s goal of drumming up environmental excitement within the student body. The College would do well to emulate the Shut the Sash program’s structure: setting each house a number...
...contrast to Mugabe's murderous and inept kleptocracy could not be starker. But in conversation on Monday, Ibrahim insisted Mugabe, not Mogae, was increasingly the exception in Africa. Ibrahim is a Sudanese telecoms billionaire who decided to put his money where his mouth was after concluding that poor governance was the bane of the continent. "African leadership was a failure, and its own failure," he says. "You can't sit here and blame colonialism forever...