Word: summiteer
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Dates: during 2000-2009
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President Barack Obama issued a similar call to action when he spoke to the U.N. about climate change at a daylong summit on Sept. 22. But his speech, which contained high emotion and few concrete specifics on how much the U.S. would actually cut greenhouse-gas emissions, disappointed some. It was remarkable, after eight years of stonewalling from former President George W. Bush, to see a U.S. leader rally the rest of the world to combat global warming, but Obama kept his carbon promises vague, suggesting his limits. (Read "A Wind Shift in the Global Warming Debate...
...powerful group that will have its say - and the chances that any kind of carbon cap will pass seem vanishingly small. As long as the Senate is stuck on other business, like health care, Obama and his negotiators will have their hands essentially tied at the U.N. climate-change summit in Copenhagen three months from now. They can't commit the U.S. to carbon cuts internationally if the Senate won't support them at home. That was the pitfall former President Bill Clinton failed to avoid with regard to the Kyoto Protocol - and Obama won't repeat his mistake...
...Clean Air Act, we can begin reducing emissions from the nation's largest greenhouse-gas emitters without placing an undue burden on the businesses that make up the vast majority of our economy," said EPA administrator Lisa Jackson in a speech at the Governors' Global Climate Change Summit in Los Angeles...
...beleaguered U.S. dollar isn't getting much love these days, except from one small but powerful group: deep-pocketed institutional traders, who are piling into dollars with ever greater enthusiasm because it is so weak and cheap to borrow. "Dollar borrowing picked up steam after the G-20 summit {that ended in Pittsburgh on September 25} when traders concluded that interest rates in the U.S. were going to stay low for a long time," says Mark Matthews, chief Asia strategist for Fox-Pitt Kelton Securities. Adds Olivier Desbarres, a currency strategist for Asia with Credit Suisse: "Hedge funds, pension funds...
...some ways, HSBC is simply reacting to global trends and economic realities. HSBC's announcement coincided with the G-20 summit in Pittsburgh, during which it was decided that the group, which includes developing giants like China and India, would replace the West-dominated G-8 as the top coordinating forum for the world economy. While the U.S. and U.K. struggle to recover from the worst recession since the 1930s, Asia's economies, led by a resurgent China, are emerging from the downturn much more quickly, presenting more enticing business opportunities for HSBC and other global banks. HSBC's decision...