The climate change meetings have been characterized by frustration, walk-outs, and demonstrations - but it is not entirely because of the negotiators. ++ Many representatives’ hands have been tied by their governments, who have spent the last two years avoiding the toughest decisions. ++ “The Copenhagen process has become an outright embarrassment, with so many basic issues still
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The newest tale of woe among American investment banks is the housing market, according to The Economist. Some analysts on Wall Street predict that the housing bubble is on the verge of collapse, and point to the “subprime mortgage market” as the culprit. These loans, given to potential homeowners with poor credit at little or no money down, provide initial low “teaser” interest rates, which
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