Word: globalizers
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...binding rules on the allocation of bonuses, sending a strong message to U.S. President Barack Obama and the G-20 leaders who are meeting in Pittsburgh, Pa., on Sept. 24 and 25 that they are serious about cracking down on profligate spending by financial institutions. (See pictures of the global financial crisis...
...will be difficult to implement efforts to regulate bonuses in the E.U., as rules on working conditions are decided at the national level by individual governments. He adds that although bonuses are a powerful rallying point for E.U. leaders, the payouts represent just a tiny fraction of the global banking losses over the past year and are not to blame for the crisis. "Bankers are exceedingly unpopular, and leaders feel they have to act," he says. "But bonuses are a symptom of the crisis, not a cause...
...Observer journalists have filed dispatches from two world wars and multiple other conflicts. For more than two centuries, the paper has not only described and analyzed profound social and political upheavals, but also survived them. Yet the twin challenges of repositioning print media for the digital age and a global downturn in advertising threatened to deliver the coup de grâce. In August, word leaked of proposals to turn the Observer into a Thursday magazine. In keeping with the robustly competitive spirit of British newspaper journalism, the story was broken by the Observer's arch-rival, the Sunday Times...
...This time around, we have superior armaments. We have global surveillance to track the evolution of the virus, antiviral drugs to help reduce the suffering, antibiotics to treat dangerous secondary infections like pneumonia, and real-time communications to spread the word. Soon we will almost certainly have a vaccine as well. We're living through an unprecedented opportunity for civilization - a chance to pre-empt a catastrophic pandemic influenza rather than just react...
...late last year I had more unemployed workers in one province (Guangdong) than you have in your entire country - so forget about pressuring us to revalue the renminbi. We allowed it to increase in value against the dollar during the Bush years, but until there's evidence of a global economic recovery, we're not budging on currency. So continued silence on that front is golden...