Word: shapes
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History not only gives cities their shape; it also molds their self-image. Since 1941, when London emerged from eight months of bombing with many of its landmarks pulverized but its resilience intact, the British capital has regarded itself as indomitable. But at 9 a.m. on a wintry Monday, a shock wave cracked that image, much as a V-2 rocket hitting a house would damage neighboring properties. Londoners learned that the city's entire fleet of buses had been recalled to its depots, defeated not by bombs - the service had run quixotically but without interruption throughout the Blitz...
...world financial crisis buffets country after country, Russia hasn't been spared. It's in much better shape than it was during the last financial crisis, in 1998, when the ruble collapsed and the country defaulted. This time, Russia has $450 billion in foreign reserves left from the $600 billion it had amassed thanks to the soaring energy prices of the past few years. Its biggest banks, all of them state-controlled, appear to have largely avoided the toxic assets that have been the downfall of so many of their counterparts in the U.S. and Western Europe. Yet the drop...
...harbinger of more messed up things to come.YALE AT HARVARD On Friday night, this is the game to watch in the Ivy League. The preseason’s third and fourth ranked teams are reeling. Yale (7-11, 2-2 Ivy) is in better shape than the Crimson to make a run at the title, if the squad can somehow turn things around. But, after scoring 78 total points last weekend, that seems unlikely.Harvard will have no trouble scoring, as it seems to have found a solution to its offensive struggles of late—make free throws. The Crimson...
...worst-off of all the beleaguered chipmakers are the six major DRAM manufacturers in Taiwan, which lost a combined $3.5 billion in 2008, according to the Taiwan government. Taiwan's firms are in especially rough shape because they lack the scale, financial resources and technical prowess of their larger Korean and American rivals. The companies' woes are pushing the Taiwan government toward a bailout of the industry. "We have the intention and the resolve to help the DRAM companies through difficult times," Taiwan President Ma Ying-jeou reportedly told electronics industry executives in early January. Aid is crucial, policymakers believe...
Copenhagen will shape the environmental future of the world, but in many ways, it will determine its economic future as well. The key, Hedegaard insists, will be the world's two biggest carbon emitters, the U.S. and China, each of which essentially sidestepped Kyoto. (Though China ratified the Kyoto Protocol, it wasn't required to do anything.) Hedegaard sees hope for firm carbon targets. In the U.S., Obama has talked green early in his term, added incentives for energy efficiency and renewables to his stimulus plan and supports a domestic carbon cap-and-trade program that experts believe needs...