Word: zoning
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...country "faces the risk of sinking under its debt." Jitters over a potential Greek default have punished the value of Europe's common currency, the euro, and driven down stock markets around the world. Policymakers worry that Greece's woes will spread to other weaker members of the euro zone, such as Portugal, Ireland, Italy and Spain - a collection of countries traders have nicknamed the PIIGS. Government leaders nowhere near Europe are concerned as well. "Such events far away can hurt Singapore," warned Lee Hsien Loong, the city-state's Prime Minister, in his Chinese New Year address. "Singaporeans should...
...Crimson made it 4-0 with five minutes to play in the first period. Just after Harvard had successfully killed off a tripping penalty, Dempsey won a faceoff in the offensive zone. She passed the puck back to Buesser, whose shot from the high slot soared through traffic and into...
Scientists still can't predict exactly when earthquakes will occur, but the massive temblor that struck off the coast of Chile early Saturday was anything but unexpected. Chile sits on the Ring of Fire, the volatile, 40,000 km-long (25,000 MILE) zone that encircles the Pacific Ocean and includes the most seismically dangerous ground on the planet. The unstable plate tectonics along the Ring produce some 90% of the world's earthquakes as well as most of its volcanic eruptions. (See where experts predict the next five major earthquakes will...
...Last month, Greek Prime Minister George Papandreou blamed his country's economic meltdown on "an attack on the euro zone by certain other interests, political or financial. We are being targeted, particularly with an ulterior motive or agenda." And according to Spain's El Pais newspaper, agents at the country's National Intelligence Center are investigating whether "attacks by investors and the hostility shown by some sectors of the British and U.S. press" amount to "collusion." "None of what is happening, including editorials in some foreign media with their apocalyptic commentaries, is happening by chance or innocently," Spanish Transport Minister...
Nicolas Véron, a senior fellow at the Breugel economic think tank in Brussels, says the theories reflect a virulent public mistrust of the free market in euro-zone countries, particularly in southern Europe. "There is a very long and deep suspicion of markets in these places," he says. But he adds that these countries are guilty of shifting the blame for their own problems. "It is absurd to imply a political purpose in this," Véron says. "This scapegoating is a distraction from the serious political reform that is needed and contributes to ingraining political prejudices...