Word: riches
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...come up with a new agreement to replace a pact that doesn't expire for another three years - well, that's U.N. speed.) And while U.N. officials maintained that Poznan set the stage for next year's deadline talks, most of the major issues - the division of responsibilities between rich and poor nations, tropical deforestation, sharing clean technology with developing countries - was effectively kicked to Copenhagen. (One exception were adaption funds - money to help poor countries counter the future impacts of climate change - with millions set to be released by the U.N. in the months following the summit.) "The lack...
...shouldn't come as any surprise that, in the wake of the shocking allegations against Illinois Governor Rod Blagojevich, observers almost immediately evoked the Windy City's rich, colorful history of corruption. But after a couple of days Chicago Mayor Richard M. Daley, the son of the man synonomous with cronyism and backroom Chicago politics, wasn't about to let the comparisons go unchallenged. At a Wednesday press conference, a subdued Daley, who is bidding to land the 2016 Summer Olympics, went out of his way to distance himself and his city from the stain of the burgeoning scandal...
...monopoly over the use of force, it is plagued with warlords struggling for supremacy, and it is fighting a bloody civil war in which neighbors Eritrea and Ethiopia have gotten involved. It is not surprising, then, that amidst poverty, famine, and disease, Somalis have decided to go after the rich ships visible from their shores. In that sense, seaborne piracy is the visible face of the lack of opportunities on shore. Coming to that realization, however, is the easy part. Somalia remains a painful symbol of the difficulties of humanitarian missions. According to the official history by U.S. Army Chief...
...These days Russia's wealthy can't always get what they want. The country's once soaring economy is in free fall - growth, which has averaged 7% over the past five years, could drop below 2% in 2009, according to economists - and it's taking the rich down with it. Not that long ago, Russia was the poster child for unfettered wealth and freewheeling consumption. Now, with the stock market down more than 70% in the past year and the ruble feeling the strain, the nation's high earners are a little less quick to put their hands in their...
...There are no figures yet on what impact the financial crisis has had on that top-tier trend. But after so many years of heady growth, many rich Russians still seem to take the boom times for granted. Kazakov's wife's bravado is shared by many. "Some people are afraid, but I am not," says businessman Alexander (who asked that only his first name be used), as he strolls along the deck of a 58-ft. yacht wearing a shiny leather coat with a fur collar...