Word: poorer
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...past, India has often been a terrific place in which to lose money. If you'd bet on the Sensex in 1992, say, you'd have been 30% poorer by 2003. But investors have short memories, and financial firms create whatever products are suddenly in demand. Today, that means a new generation of India-focused mutual funds and hedge funds, often with wonderfully alluring names like (my favorite) the Monsoon India Inflection Fund. The most voguish vehicles of all are mid-cap funds that bet on riskier Indian companies that may one day grow up to be blue chips...
...continued the argument, saying that the current social security system is “meant to prevent old people from eating dog food,” but added that the cost of social security falls disproportionately on poorer Americans...
...system has implications well beyond Europe's borders. Under the provisions of the Kyoto pact, industrialized countries can receive emissions credits if they pay for projects that reduce or avoid emissions in poorer nations or other industrialized countries. For example, West European nations could build clean-energy facilities in Russia or its former satellites...
...Sachs neglected to mention that one reason more deaths occur in poorer nations is their extreme overpopulation. Moreover, governments disburse their money as they see fit. If poor nations, many of which have extensive internal political corruption, choose to pay for things other than more hospitals, better roads and coastal barriers, they have no one to blame but themselves when disaster strikes. Poor nations of the world, take heed: spend your money wisely, and hold your politicians accountable. Christopher Vera Carlsbad, California...
...wholeheartedly agree with TIME's choice of Bush. Dubya's footprints have been large; it is a pity they have mostly been going backward. The President is no revolutionary but a reactionary pushing against the progressive tide. Americans feel poorer, less safe and less free than four years ago. Despite a narrow election victory in threatening times, he tells himself he has a mandate to shake things up. Look out, America. Look out, world! Jeff Bennetzen Bogart, Georgia...