47 0 0 0 13 6. The Scandinavian country announced on Monday the new investment, after melting permafrost caused by unseasonably warm temperatures vault top investment banks 2017 flooding the vault last year.
The Svalbard Global Seed Vault is located deep inside a mountain on a remote island in the Svalbard archipelago, roughly 620 miles from the North Pole. It was established in 2008, and serves as the primary backup for the world’s other seed banks. Jon Georg Dale, Norway’s minister of agriculture and food, said in a statement. The vault has a capacity for 4. 5 million varieties of crops, with a maximum of 2. The seed vault currently holds more than 890,000 samples, which originate from nearly every country in the world.
TIME may receive compensation for some links to products and services on this website. Offers may be subject to change without notice. 47 0 0 0 13 6. President-elect Donald Trump listens to a question as he speaks to reporters at Mar-a-Lago, in Palm Beach, Fla.
With the election of Donald Trump, the G-zero world is now fully upon us. That in turn is set to bring to an end the 70-year era of Pax Americana, a period in which U. In 2017, we enter a period of deep geopolitical recession. With these ideas as backdrop, here are the top 10 political risks for the coming year, according to the Eurasia Group — the political risk consultancy I founded and oversee.
The world’s sole superpower was once the international trump card, imposing order to force compromise and head off conflict. Now it’s a wildcard, because instead of creating policies designed to bolster global stability, President Trump will use U. China’s leadership transition will create risks that matter far beyond that country’s borders. The need to maintain control of the transition ahead of the Party Congress in the fall will increase the risk of economic policy mistakes that rattle foreign investors and international markets.
Strong leadership from Angela Merkel has proven indispensable for Europe’s ability to manage crisis in recent years. Europe will face more challenges in 2017—from France’s elections, Greece’s finances, Brexit negotiations, and delicate relations with both Russia and Turkey. Don’t expect a surge in needed economic reforms in 2017. Some leaders, like India’s Modi and Mexico’s Pena Nieto, have accomplished as much as they can for now.
In France and Germany, reform will wait until after coming elections, and China faces an all-consuming leadership transition in the fall. Turkey’s Erdogan, Britain’s May, and South Africa’s Zuma are fully occupied at the moment with domestic political challenges. Each year, governments in the Middle East lose more of their legitimacy. Technological change is further weakening an already fragmenting region. The risks are both top-down and bottom-up.
The revolution in energy production undermines the stability to states still deeply dependent on oil and gas exports for state revenue. Automation of the workplace will make it even harder to create jobs for growing numbers of young people. Western central banks are increasingly vulnerable to the same sort of crude political pressures that distort economies in developing countries. President Trump and the tech sector don’t have much in common.
The techs want freedom and privacy for their customers. The techs want to push automation into overdrive. The two sides differ substantially on investment in science. President Erdogan continues to use an ongoing state of emergency to seize control of day-to-day affairs and tighten his hold on the judiciary, bureaucracy, media, and even business sector through waves of arrests and purges.