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...losing trees at a faster rate than any other nation in the world, to flames but also to rampant logging. Since equatorial trees soak up carbon dioxide when they're alive and release the gas when they're cut down or burned, Indonesia's rapid deforestation is the main reason why this country of 245 million is the third-biggest carbon emitter in the world after the U.S. and China. But like other developing countries, the Indonesian government says it needs to focus on economic growth to raise its people out of poverty - and that likely means that trees will...
...work of thousands of scientists vetted by officials from over 100 countries, the IPCC reported that future carbon emissions could be controlled using current technology like nuclear or renewable energy - and that it could be done without bankrupting the global economy. "Measures to reduce emissions can, in the main, be achieved at starkly low costs, especially when compared with the costs of inaction," said Achim Steiner, Executive Director of the United Nations Environment Programme (UNEP), one of many prominent international environmental officials who attended the Bangkok press conference for the report's release. European Environment Commissioner Stavros Dimos drilled home...
Going upscale has worked well in Asia for H&M's main rival, Inditex's Zara, which opened its first store in Hong Kong in 2004. It carefully selects store locations in luxurious shopping centers, marketing itself as a rival to designers like Armani. Inditex's regional sales for its 59 Asian stores last year amounted to $1.1 billion, or 9% of the company's revenue, up from 7.5% in 2005. The Spanish company is often credited with inventing fast fashion, a business model that moves garments from the design table to stores quickly. Zara's clothing designers work closely...
...biggest part of the World Bank, the International Bank for Reconstruction and Development. Member countries make deposits (the U.S. share is $2 billion down and $30 billion pledged); the bank sells bonds backed by those deposits and pledges, then lends the money out at a small profit. The other main arm of the World Bank, the International Development Association, gets regular infusions of cash from rich countries and lends funds on near giveaway terms to truly poor countries, mostly in Africa (the U.S. contribution is just under $1 billion a year, or 0.04% of federal spending...
...Cornell always has a lot of people,” Christensen said, touching on the Crimson’s main weakness. “They’re a really strong team—they have a lot of depth...