Word: summers
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...Even with stop-gap measures, though, recovery will be slow and painful. Governments are under pressure from the IMF or other international lenders to implement tough austerity measures deeply unpopular with voters. After the economic pain, expect another summer of political turmoil ahead...
...downturn is playing havoc with Eastern Europe's currencies. Since last summer, the Polish zloty has lost 48% against Europe's common currency the euro, the Hungarian forint 30% and the Czech Krona 23%. That makes euro-denominated debt, which has risen dramatically anyway in the past few years, much harder to pay back. In Poland, foreign currency debt held by households has tripled in three years to 12% of the GDP last year, with some 70% of mortgages taken in foreign currencies. In Hungary, foreign currency loans make up 62% of all household debt, up from 33% three years...
...hour car trip from the capital Copenhagen - mind the bicyclists - to the small town of Lem on the far west coast of Jutland. You'll feel it as you cross the 4.2 mile-long (6.8 km) Great Belt Bridge: Denmark's bountiful wind, so fierce even on a calm summer's day that it threatens to shove your car into the waves below. But wind itself is only part of the reason. In Lem, workers in factories the size of aircraft hangars build the wind turbines sold by Vestas, the Danish company that has emerged as the industry...
...challenges are small compared to the gargantuan task of trying to get more than 190 nations to agree on new carbon-cutting targets. (Rasmussen, an avid cyclist, compares the Copenhagen summit to the Tour de France's punishing Alpe d'Huez climbing stage - which he tried for himself last summer.) But the country does have the power of its example, showing that you can stay rich and grow green at the same time. "Denmark has proven that acting on climate can be a positive experience, not just painful," says NRDC's Schmidt. The real pain could come from failing...
...plans to raise $3 million a year for the next five years through donations and fees from local church groups and high schools that rent out vacant classrooms or the fallow football stadium in the off-season. Two band camps have already signed on to use the campus this summer. A change in Georgia law last year approved state financial aid for students at schools that, like Morris Brown, are on the road to reaccreditation; it's one reason Pritchett has set an enrollment goal of 1,000 students in 2014, which would translate to a significant tuition revenue increase...