Word: underlying
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Dates: during 2000-2009
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Scary stuff, indeed, but so far, that worst-case scenario doesn't appear to be materializing. The central bank of the United Arab Emirates promised on Sunday to stand behind the country's banks with fresh liquidity, causing stock markets in Asia to rebound on Monday. Nevertheless, the Dubai debacle...
Even countries apparently powering through the recession are hounded by tricky policy conundrums. After Chinese banks engaged in massive lending aimed at combating the global downturn, China's regulators warned in late November that they must meet mandated capital requirements or risk sanctions, a strong sign that Beijing is worrying...
To be sure, Central America has shed some of its banana-republic baggage. Democratic elections have replaced right-wing death squads and Marxist guerrillas. This year, Salvadorans for the first time elected a President, Mauricio Funes, from the party of El Salvador's erstwhile leftist rebels. But life after elections...
It seems a bit late, if not disingenuous, for a Central American politician to experience that epiphany in 2009. The real problem, says Lobo, is "our utter lack of vision about who we are and how to order ourselves." Ever since its Maya glory ended a millennium ago, Central America...
The good news is that protecting forests "is one of the easiest and cheapest ways to take a big bite out of the apple when it comes to emissions," says Greenpeace spokesman Daniel Kessler. Ulu Masen will be one of the first forests to be protected under a pioneering U.N...