Word: problem
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...times a day, putting the boiled water in a flask for tea and coffee later. I only put the geyser on to have enough hot water for showers and baths. I have planted maybe 300 trees in my lifetime. All this means I am helping to counteract the environmental problem, but it will never be enough because the fundamental problem is overpopulation. Unless people realize this and do something, I don't think we will ever stop global warming. So I say bravo to all the heroes, but if we do not stem population growth their efforts will...
Inflation leaped to a 16-year high in the U.K. in September, but elsewhere in Europe it has slowed, and economists say it should also drop back in Britain. Still, by borrowing huge amounts of cash to inject into the financial system, governments could create a medium-term inflation problem of their own. What's tricky is that the alternative is also a serious possibility: if household spending and business investment drop sharply and exports don't take up the slack, Europe could be confronted with deflation of the sort that took hold in Japan in the 1990s...
...that a financial crisis would have given Labour a lifeline?" marvels former Home Secretary David Blunkett. One reason is that Brown has shifted blame to greedy bankers (he inveighs against "the age of irresponsibility") and to America's subprime mortgage debacle. "It is pretty clear to me that this problem started in America," Brown declared as he unveiled the bank bailout. The idea of a global contagion originating in a distant country ties in with his long-term campaign to reform international institutions to meet the challenges of a globalized economy...
...market meltdown. Speaking to TIME last spring, he worried about the danger of "national supervisors and global flows of capital ... Nobody has quite understood how big the restructuring of the world economy needs to be." Nobody, his supporters would argue, but a politician who has focused on the problem for years...
...problem of ballooning debt and deficits is the same elsewhere in Europe, especially in France, where the budget deficit was already perilously high before the financial meltdown. The consequences are that the E.U.'s rules stipulating that budget deficits shouldn't exceed 3% of GDP and that debt shouldn't go over 60% are about to be consigned to the trash heap - at least temporarily. "Fiscal rules are going to have to be abandoned," says Buckley of Deutsche Bank. The E.U. commission, which is the keeper of those rules, has already given its green light. "The existence of exceptional circumstances...