In The News

Calls Grow for Foreigners to Have a Say on US Market Rules

Heather Timmons September 1, 2007
Some US homeowners have adjustable rates on their home mortgages. As interest rates rise, they struggle to repay loans and keep the homes. The problem went global after lenders sold those loans: Financial firms packaged mortgages with other types of debt; US credit-rating agencies slapped high rates on the packages; and investors in Asia and Europe purchased the loan packages, assuming that the...

In an Interconnected World, American Homeowner Woes Can Be Felt From Beijing to Rio de Janeiro

The Associated Press August 31, 2007
The biggest surprise about the US mortgage crisis – even for the experts – is how some bad home loans led to a credit crunch that hurts insurance, textile, telecommunications and other industries around the globe. To prevent an economic slowdown, central banks around the world have inserted billions into the credit markets. Manufacturers around the globe worry about reports that debt-laden...

The Tale of Globalization’s Exiles

Richard Lapper August 30, 2007
Media and government reports focus on hedge funds and other mechanisms of finance that move money around the globe. But individuals also shift funds, including small amounts sent in envelopes or by wire, from immigrant workers in wealthy nations to poor relatives back home. For some poor nations, the total of such remittances outweigh foreign aid or revenues earned from leading agricultural...

Mystery of the Vanishing Bees

Norman L. Carreck August 30, 2007
Honey bees contribute much to agriculture and the delicious variety of foods we eat. But the social insects are under stress. The reasons could be many: Mites that attack bees increasingly become resistant to pesticides; researchers have also theorized about modern society’s reliance on cell phones, insecticides and genetically modified crops. Policies to protect bees are in order, argues Norman...

Bee Decline Threatens Our Dinner and the Countryside

Jimmy Lee Shreeve August 30, 2007
Imagine a food market with fewer apples, nuts, soybeans, asparagus, squash, tomatoes, citrus fruit, strawberries or melons. People may not notice small insects in the course of daily life, but alarm would emerge if species of bees suddenly vanished. Wildflowers and many agricultural plants depend on bees for pollination and production of seed. “It's hard to believe that one small creature...

The Globalization of Giving

Steve Hendershot August 29, 2007
The savviest of corporate leaders know that community giving is a good business strategy. As firms grow and do more business overseas, charitable giving has expanded beyond the home base to markets around the globe. US firms seek to develop wealthier client bases in India, China, Latin America or Eastern Europe. Two examples of recent corporate grants, provided by this ChicagoBusiness.com article...

Party With Islamist Roots Set to Modernize Turkey

Hasan Kösebalaban August 28, 2007
With the rise of liberal conservative Abdullah Gül as Turkey’s new president, the country is at a crossroads. His Justice and Development Party (AKP) has unflinchingly stood for internationalism, economic reform and integration with the European Union, winning steady support of Turkish voters. But the party has faced strong opposition from secularists and nationalists, including the military...