This whole week, beginning March 31, the United Nations Ad Hoc Working Groups on climate change are meeting in Bangkok in the critical first round of negotiations to follow up on the resolutions of the climate talks in Bali in December.
Skyrocketing oil prices, a falling dollar, and collapsing financial markets are the key ingredients in an economic brew that could end up in more than just an ordinary recession. The falling dollar and rising oil prices have been rattling the global economy for sometime. But it is the dramatic implosion of financial markets that is driving the financial elite to panic.