Word: globalizers
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MUMBAI, India — As the Copenhagen Conference approaches in December, the Obama Administration is aggressively trying to lay the framework for an international agreement to combat climate change through global diplomacy. Hillary Clinton’s visit to India a few weeks ago shows the challenge of constructing an effective agreement. While she emphasized the importance of protecting the environment, India flatly stated its opposition to accepting any form of binding emissions cuts. As a developing nation that has played a very small part in producing the climate mess that the world now faces, India?...
...while Tokyo's major investment goal may be practical, robotics is also prestigious, giving Japan's big technology companies a global showcase for their cutting-edge research capabilities. Honda devoted millions of dollars towards the development of its first walking humanoid ASIMO "with no hope of direct commercial success," says Noel Sharkey, a robotics professor at the University of Sheffield. The exercise both "shows that they are technological leaders," Sharkey says, and gives Honda a chance to "reward the very best engineers in the company by placing them on the ASIMO team." (Read about robots in the U.S. army...
...global recession hasn't helped robots' lot. As people around the world curtail luxury spending on cars and gadgets, robots are gathering dust on factory floors, and future demand for industrial robots has dropped as Japanese production takes a nosedive. Still, this lull is unlikely to stop Japanese scientists and researchers, who will continue to develop industrial and service robots while rolling out an occasional whizzy invention or two, all in the hopes of turning science fiction fantasies - one day - into a reality...
...right with the markets again. But last week's Shanghai surprise is a foretaste of what can happen if China's vaunted economic recovery turns out to be a dud. The country's better-than-expected GDP performance is one reason for the current view that the global economy is poised to resume growth, an optimistic reading that in turn is helping fuel investment rallies around the world. But stock markets anticipate the state of the economy and corporate earnings months in advance, so today's euphoria can turn into ashes if the reality falls short of expectations...
Some observers, however, believe the power of the bazaaris as a whole has been slipping. As Iran's economy slowly re-entered the global economy over the past 20 years, certain bazaar members made out well as long as they could maintain special relationships with the government, which handed out licenses to import and export goods and gave more favorable exchange rates to certain traders. But ironically, as postrevolutionary Iran's economy diversified, with malls sprouting up in Tehran neighborhoods that catered to the tastes of an expanded middle class, the bazaar may be slowly losing its central place...