Word: riseing
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...years away, I'd missed this rise of ultra-nationalism and somehow not noticed the way the Australian flag had become embedded with a silent message for nonwhite Australians: "You're out, and we're in." It's a message that affects a large proportion of the country. Since the removal of the last vestiges of the White Australia Policy in 1973, Australia has become markedly multiracial. The 2006 census showed that of a 20 million - strong population, over 40% were either born overseas or have at least one parent born overseas. After English, the most common languages spoken...
...policymaking committee's other critical task is to reform the IMF itself. Its 24-member executive board is dominated by Western nations, and doesn't take into account the rise of new powers like Brazil, Russia, India and China - the "BRIC" nations. Under a complex system of voting rights, Italy has greater clout than Russia or India. "Belgium and the Netherlands have one seat each, the same as Brazil, which is totally absurd," says Cornell's Prasad...
...Dubai's rise had been decades in the making, but the property market really exploded following a 2003 law change that made it easier for foreigners to own land. With credit cheap and readily available, no income tax, and many more sunshine hours than Britain or Russia, Dubai attracted a new wave of Europeans, who arrived with big hopes and little understanding of Muslim values. In one infamous culture clash, two Britons were imprisoned for having sex on a public beach and insulting police officers after a drunken Friday brunch...
...healthiest banks, will have to pay three percentage points more per year to borrow without the FDIC guarantee. That would boost the interest JPMorgan has to pay on five-year loans to 6%, from an FDIC-backed rate of 3%. For Goldman, the cost of borrowing could rise as much as five percentage points...
...owners, have been able to hang on longer than the typical strapped consumer. But now that the recession is 16 months and counting, developers are facing the same problems that individual homeowners began facing two years ago. With vacancies in malls and office buildings around the country on the rise, more and more developers will be unable to pay their mortgages. And as those loans go bust, so too will more and more of our nation's smaller banks...