Word: poorer
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That may be true for now, but Europe has seen some of the same warning signs as the U.S., including an overvalued housing market. A worldwide slump would be a special concern in poorer countries, says Ngozi Okonjo-Iweala, a former Finance Minister of Nigeria who is now a managing director of the World Bank. Food prices there, she notes, are already being driven up in part by demand for biofuels, which is leading to the substitution of food crops by those that can produce fuel. If food stays expensive yet economies in Africa and elsewhere slow, there could...
...That may be true for now, but Europe has seen some of the same warning signs as the U.S., including an overvalued housing market. A worldwide slump would be a special concern in poorer countries, says Ngozi Okonjo-Iweala, a former finance minister of Nigeria who is now a managing director of the World Bank. Food prices there, she notes, are already being driven up in part by demand for biofuels, which is leading to the substitution of food crops by those that can produce fuel. If food stays expensive yet economies in Africa and elsewhere slow, there could...
...plans still have to be approved by the E.U.'s 27 governments and the European Parliament, and the Commission can expect resistance from rich E.U. member-states such as France and Germany, who will be asked to bear the brunt of the emissions-cutting targets. By contrast, new and poorer countries in central and eastern Europe will be allowed to increase their emissions by up to 20% from 2005 levels, reflecting their desire to catch up with the higher standard of living in western Europe...
...Hsia Hsiao-chuan of Shih Hsin University's Graduate Institute of Social Transformation Studies. "That means farmers and blue-collar workers have a hard time finding wives." But the rejected and dejected are treated like kings by professional matchmakers, who take them on trips to browse for brides in poorer parts of Asia...
...your hour-long commute were cut by 10% a day - or 6 mins. - in each direction; the savings would translate to an entire weekend of free time a year. An additional 30 to 50 hours of yearly commuting time per person costs society broadly too - in fuel consumption, poorer air quality, and lost productivity at work. "When you take all the delays and aggregate them on a national level it is a staggering cost," says Peter Martin, associate professor of civil and environmental engineering and director of the University of Utah Traffic...