Word: toxicants
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Dates: during 2000-2009
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Listen up, all ye coeds: the dress code on campus is about to kick up a notch. In the past year, a number of top financial professionals have decided to swap toxic assets and big acquisitions for academia...
...calls for austerity, that Larry Summers, now a top U.S. economic official, described it as a "historic moment." More recently, Strauss-Kahn has put public pressure on European governments to increase the size of their economic-stimulus packages, and has criticized the U.S. for not tackling more forthrightly the toxic assets still on the balance sheets of many banks...
...high up the ladder" as possible, says Ibison: to collar not just the buyers who lied on loan applications, or brokers who ushered those shams along, but also the banks and lenders who looked the other way or actively participated in the scams (and often made a killing unloading toxic mortgages on Wall Street). That includes alleged top-level conspiracy "organizers" like Husani. "These kinds of crimes," Ibison notes, "rarely involve just...
Beyond illegal fishing, foreign ships have also long been accused by local fishermen of dumping toxic and nuclear waste off Somalia's shores. A 2005 United Nations Environmental Program report cited uranium radioactive and other hazardous deposits leading to a rash of respiratory ailments and skin diseases breaking out in villages along the Somali coast. According to the U.N., at the time of the report, it cost $2.50 per ton for a European company to dump these types of materials off the Horn of Africa, as opposed to $250 per ton to dispose of them cleanly in Europe...
...China needs to fuel its construction industry. Vietnam has an estimated eight billion tons of high-quality bauxite, the third-largest reserves in the world. The environmental cost of extracting the mineral, however, can be high. Strip mining is efficient, but scars the land and bauxite processing releases a toxic red sludge that can seep into water supplies if not adequately contained. Several senior Vietnamese scientists as well as Vietnam's burgeoning green movement have questioned the wisdom of giving mining rights to China, whose own mines were shut down because of the massive damage they caused to the environment...