Word: sweden
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Dates: during 2000-2009
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...lost forever, often before scientists even know what they have. "That's like burning books before we open them," says Cary Fowler, executive director of the Global Crop Diversity Trust, which operates the Svalbard vault together with the Norwegian government and the Nordic Genetic Resource Center in Sweden. (Luckily, a group of farsighted Iraqi scientists sent a sample of their seeds to an international seed bank in Syria, before Saddam Hussein's defeat...
During the banking crisis of 1992, Sweden forced its banks to write down all of its toxic assets, took an equity stake in a handful of the largest banks at the cost of their shareholders, and eventually resold the healthy assets on the public market. Since the government held the reckless banks and their shareholders accountable, some officials say that, after the banks were reprivatized, the total cost of the bailout was close to zero...
Successful bank cleanups in the past have involved triage, in which government differentiated good banks from bad. That's been combined with a mechanism to take bad loans and other unwanted assets, like real estate, off banks' books. Beyond that, there's no precise recipe. The government response in Sweden in the early 1990s, now cited as a blueprint, involved the takeover of precisely two banks. The rest of the country's banks remained in private hands, even though the government guaranteed their assets. (See the worst business deals...
...environment. Hermansen credits the Danish tendency to organize in groups, which helps reinforce support for going green. "To us, going for lower energy use is like a sport," he says. That sense of communal competition is shared by Denmark's Scandinavian neighbors, and may help explain why countries like Sweden and Finland are also among Europe's greenest. On a regional level, cooperation is a necessary component of Denmark's success - the Nordic nations share an electrical grid, and Denmark can take power from its neighbors when there's no wind and sell it when the breeze blows...
That may be true, but the prosecutors and industry plaintiffs are just hoping that by the time The Pirate Bay drops anchor in a new haven the men who have captained the ship in Sweden will be much poorer - and perhaps in prison...