Word: smalleness
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...based economist, the looming bankruptcy threat outweighs all other concerns. "Unfortunately, developers going out of business and home repossessions are an inevitable part of [the downturn]. But a much bigger problem would be if one of the big banks was to fail. That would have massive repercussions for a small country like Ireland," he says. (Read more about the economic slump in Ireland...
...Noelani Elementary, the small school near Honolulu where President Obama learned to read and write, the next generation of Hawaii's leaders learned a new word this week: "furlough...
Catches like endangered sea turtles are only one of the signs of a besieged industry. Al-Hissi says fishermen are also using nets with smaller holes that they smuggle in from Egypt. "This allows them to catch very small fish, and this is against regulations... This does not allow the fish to grow up. If this continues, it will destroy the environment." The Palestinian National Authority was once able to enforce these rules. But now, Al-Hissi says, "We can't control it because there are no alternatives." (See pictures of Gaza digging out after the Israeli invasion...
Despite the hazards of fishing and a questionable future for Gaza's fishing industry, al-Hissi says fishing is still on the rise. "There are no other opportunities because people can no longer work in Israel. We used to have 100 small boats in use for fishing. Now we have 400." The new fishermen are putting added strain on an ecosystem already in peril, with some resorting to unconventional methods, such as dynamite or poison to kill the fish. "This is even more dangerous than the sewage," says al-Hissi...
...coalition agreement took three weeks to cobble together, and is expected to be signed on Monday. Tax cuts were the key area of conflict. In the end, the parties agreed on a reduction totaling 24 billion euros ($36 billion). Among the beneficiaries will be small businesses, families and people inheriting money from their parents. The government is also planning to reform its health insurance system from 2011, shifting more of the financial burden on the public via direct premium payments. (See a story about Angela Merkel's economic legacy...