Word: thirdly
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...reach the end of a miserable 2009, signs continue to mount across the globe that the world economy is stirring back to life. The U.S. finally returned to growth in the third quarter, with its strongest showing in two years, India posted inspiring 7.9% growth and the results out of tiny Taiwan, one of the economies slammed the hardest by the global recession, were so impressive one economist beamed that the island "got its groove on." Stock markets, aside from a downward blip here and there, have generally been buoyant. During this season of Thanksgiving and holiday cheer, there seems...
...that might even worsen if joblessness continues to rise. Though defaults on credit cards in the U.S. fell in October, delinquencies, or late payments, rose - a sign that financial firms could expect more losses down the road. Japan, which experienced its fastest growth in two years in the third quarter, is dealing with the nasty problem of deflation, an indication that the economy is suffering from excess capacity. The falling prices, by eating away at the financial health of companies, could lead to more downsizing and slower growth. "The recent price falls are not right and worrisome," Japan's Finance...
More than 20 years after he transformed Italian TV, Berlusconi is Prime Minister for the third time; he has already served longer in the office than anyone since 1946. Of late, to be sure, he's taken some lumps. Italy's Constitutional Court overturned a law granting Berlusconi immunity from prosecution while in office, clearing obstructions to trials in which he is accused of bribery and illicit accounting at Mediaset. But even were he to be turfed out tomorrow, Berlusconi would leave a lasting legacy. His TV shows have seen to that. "Berlusconi changed the culture of Italy before...
...into the atmosphere, putting the great challenge of our age - averting catastrophic climate change - beyond reach. Forest destruction accounts for 15% of global emissions by human activity, far outranking the total from vehicles and aircraft combined. Forests are disappearing so fast in Indonesia that, incredibly, this developing country ranks third in emissions behind industrial giants China and the U.S. Since 1950, estimates Greenpeace, more than 182 million acres (740,000 sq km) of Indonesian forests, the equivalent of more than 95 Ulu Masens, have been destroyed or degraded...
...first is so-called leakage: halting deforestation in one area might simply drive loggers into another. "Permanence is a huge problem," says Kessler of Greenpeace, citing another worry. "How do we know these areas are going to stay protected? What happens if a forest burns to the ground?" A third concern is calculating how much carbon is stored in a forest, and what emissions are actually avoided by preserving it. In September a multinational research team led by French landscape ecologist David Gaveau asserted that the Ulu Masen scheme might not significantly reduce deforestation in northern Sumatra because much...