Word: scaled
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...precious little else. Economic growth, which averaged more than 7% for the past five years, has tumbled, and the government now expects the economy to contract 0.2% this year. And for the first time since the collapse of the Soviet Union in 1991, the threat of large-scale unemployment looms. "Money was falling from the sky in the past two to three years," says Maxim Oreshkin, the head of research at private-sector Rosbank in Moscow. "Now it's stopped falling...
...sitting on his desk could make cap and trade impossible to achieve this year. That doesn't mean Copenhagen will come and go without a deal, but, under the pressure to get something on paper, it's possible the summit will produce a watered down agreement insufficient to the scale of the challenge posed by climate change. "It's not just the question of having a deal, but an ambitious deal," says Hedegaard. "We need to come out with what is needed, and not just the least common denominator." But that will be easier said than done - as a former...
Russia's interests in the situation are far from simple. Moscow clearly recognizes that Washington's needs in Afghanistan are an opportunity for Russia to press for greater accommodation of some of its top concerns. Russia expects the Obama Administration to scale back U.S. plans to deploy a missile-interceptor system on Russia's doorstep in Poland and the Czech Republic; it also expects the new team in Washington to abandon the Bush Administration's effort to press reluctant European allies to admit Ukraine and Georgia into NATO. But Russia also has a direct interest in the outcome in Afghanistan...
...Sears or K-Mart. People who have a bit more disposable income may go to Nordstrom. Macy's shoppers are not likely to be in high end stores like Nieman Marcus or in companies like Wal-Mart who get consumers from the lower end of the income scale...
...current economic crisis is forcing both governments and private enterprises to scale back on many projects and expenditures. Spending on scientific research, however, is not a luxury that should be reduced in frugal times. Consequently, it is encouraging that the House of Representatives recently approved billions of dollars in additional funding for scientific research as part of the stimulus package passed by the House...