Word: saving
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Dates: during 2000-2009
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...foreign direct investment. To fuel its economic boom, China's voracious and insatiable appetite for raw materials has led it to absorb large amounts of global commodities. China now consumes 16% of global energy resources and is the world's third largest consumer of oil. (Read "Can China Save the World's Economy...
Still, the summit wasn't a total loss for greens. President Barack Obama introduced the idea of phasing out fossil fuel subsidies over time, to help improve energy efficiency and "transition to a 21st-century clean energy economy." Phasing out subsidies for fossil fuels would save money - the Environmental Law Institute estimated that the U.S. paid out $72 billion in subsidies between 2002 and 2008 - and correct a market that has been warped against low-carbon alternatives precisely at a time when nations are supposed to be cutting carbon. But again, specifics of a concrete plan were wanting in Obama...
...while critical of the U.C. administration for not being more transparent in its approach to budgeting and for paying football coaches more than Nobel Prize winners, the protesters know the real problem lies in Sacramento. (Read a story about how Schwarzenegger is shrinking California in order to save...
...just an economic crisis," says Shannon Steen, a U.C. Berkeley professor who helped form Save the University to protest cuts to the budget, "it's really a political crisis around the two-thirds rule in the legislature that holds the state hostage to a minority of legislators who are not doing what the people of California want." California is the only state in the nation that has a two-thirds requirement for the passage of tax increases and to pass a budget. These two rules are at the root of the state's chronic budget woes...
...prefectural airports lose traffic and money, says Hosoya. In the past, the government has typically propped up airlines to maintain routes and the number of airports - which are often a source of local pride rather than a reflection of traveler demand. "Basically, the country is losing money to save the network," Hosaya says. Soon it may be losing money to save its largest airline...