In The News

Growing Challenges of Energy and Environment – Part I

Susan Froetschel June 22, 2010
Emerging economies have joined developed nations in the wild scramble for energy, all taking greater risks in drilling for oil and gas supplies while largely shrugging about effects on climate, the environment or public health. Nations and corporations go to great lengths to explore and drill, but repairs are not so easy, as seen with a broken well gushing oil into the Gulf of Mexico since April...

Britain Should Back Down Over BP

Clive Crook June 15, 2010
Oil continues to gush unchecked into the Gulf of Mexico, after an April 20 explosion of a rig leased to BP. Neither the British multinational nor the US government have come up with a way to stop the oil, and growing numbers of Americans demand action – a quick fix, cleanup, more government regulation and environmental protections, punishment for BP, criminal charges and more. The damages include...

Unity Through Soccer? Not in the Middle East

James Montague June 15, 2010
While soccer has contributed to nationalism in the face of sectarian violence for some Middle Eastern countries, it also reemphasizes some deep divisions that resound across the region. The violent fallout stemming from the Egypt-Algeria World Cup qualifying match indicates how notions of Middle East unity remain idealistic. Rivalry becomes an excuse for crime, riots and ethnic violence. Soccer...

When Banks Don't Trust Banks

Pierre Paulden June 3, 2010
Trust breaks down in banking when investors question whether deposits are safe and when banks worry about loan repayment. Banks only keep a percentage of cash on hand, and a lack of trust can disrupt efficient lending and borrowing with that limited cash. Global banks could have a capital deficit of $1.5 trillion, by some reports, and troubled banks could request additional government assistance...

Emerging Green Technology Poses Threat of Trade Wars

Bruce Stokes May 14, 2010
Smart investors recognize that cheap oil won’t last forever and emerging green technologies could revolutionize everyday business as much as computers did. As with any new technology, nations compete to perfect and produce new products for the world, making lots of money along the way, explains international economics columnist Bruce Stokes. But Stokes warns that the global trading system lacks...

Lessons From Athens

Nayan Chanda May 12, 2010
Carefree spending on borrowed funds is not sustainable. Europe could not handle fast assistance to debt-laden Greece on its own and had to turn to the International Monetary Fund for additional financial support. Eurozone nations and the IMF imposed stringent conditions, and future borrowing by the Greeks will carry heavy costs. “The same global liquidity that can fuel growth can also evaporate...

Dealing With Disasters in a Connected World

S.L. Bachman May 10, 2010
Natural disasters are as old as the planet, but new technologies are making a difference. Social-media networks that thrive on cell phones, other mobile devices and the internet – including Twitter, Facebook, MySpace, YouTube and more – have reduced the waiting time for news, relief and fundraising after any natural disaster. The response after three major earthquakes this year on three...