Word: serious
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...evidence that, once again, government and business leaders are inching toward the type of beggar-thy-neighbor policies of the Great Depression. "Particularly, I am concerned about the rising dangers of protectionism," World Bank president Robert Zoellick recently said in Singapore. "This financial and economic and unemployment problem is serious enough," he later added. "If we start to trigger a round of protectionism, as you saw in the 1930s, it could deepen the global crisis." (See pictures of TIME's Wall Street covers...
...still blurry. And any pickup in the economy could reduce a lender's need to cash in any such policy. Still, "we need to offer this insurance," Darling insisted. "If we don't ... then frankly the lending will not start again, and we will have a much more serious situation...
...projects just as it has almost every other facet of the economy - the only difference is that many solar manufacturers don't have the cash reserves to ride out a long downturn. That could leave the U.S. shorthanded on solar at the very time when it's finally gotten serious about renewables. "This is still a capital intensive business," says Harris. "Either you have the money and the project will happen...
...zoological humor - no one is firing porcupines. But the 109-year-old Bronx Zoo and other zoos and aquariums around the country are facing serious budget cuts as the state and city governments that supply much of their operating costs respond to the recession. In New York State, Governor David Paterson has called for cutting $5 million in funding from the Zoo, Botanical Garden and Aquarium Program budget - dropping total state funding for 75 wildlife and nature centers in the state from $9 million to $4 million in 2009 - and eliminating it altogether in 2010. In North Carolina, state officials...
...soccer field on the proposed building site, which it says it won't sell in an effort to delay the village's demolition. Emma Thompson, the Oscar-winning actress, was among several celebrities who helped purchase the land. "I don't understand," she said, "how any government remotely serious about committing to reversing climate change can even consider these ridiculous plans...