Many feared a falling yen would not only deepen East Asia's financial troubles but damage the world economy, too.
Annihilation aside, Halley's comet will damage the world economy and the environment.
Reducing either precipitiously would damage the world economy.
And yet--if only to insure against catastrophic global climate change that could irreversibly damage the world's human, natural and physical capital--an effective global agreement on mitigation must be achieved and put into force by the time the Kyoto Protocol's implementation period ends in 2012.
But the real damage to the world economy was the massive price increase which the Organisation of Petroleum Exporting Countries (OPEC) introduced at the same time.
The arch-proponent of deficit spending had been proved prophetic in predicting the damage inflicted on the world economy by the Versailles reparations.
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But, so far, they have done remarkably little damage either to the world's big markets, or to vulnerable emerging markets, such as those in distressed East Asia.
New York's Office of Emergency Management is assessing the structural damage to buildings around the collapsed World Trade Center complex.
If there is any natural disaster on the property or on the World Heritage site, such as earthquake, flood or damage caused by armed conflict, the World Heritage Fund can be required.
This could have destroyed HSBC's relatively small US retail banking business and - more importantly - severely impaired its ability to conduct business anywhere in the world: the reputational damage of being blacklisted in America would have been terrible and, without access to dollars from the New York Fed, HSBC's vast international wholesale operations would have been in trouble.
My concern is with two parts of the plan that could induce collateral damage fro the rest of the world.
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Spokeswoman Charlie Sanderson said people were concerned about "visual, environmental and economic damage" to the Unesco World Heritage Site.
Even though he is available on a free transfer his time on Tyneside has been plagued by injury problems, including a broken metatarsal bone, knee ligament damage sustained at the 2006 World Cup, a double hernia operation and a thigh problem.
Using a market mechanism to pass on the true cost of fossil fuel usage, including the environmental damage here at home AND in the third world, and the longer term effects of greenhouse gas emissions and resulting climate change.
Given the damage being done to this World Heritage Site, a poor tourism strategy has become the least of its troubles.
One of the coolest aspects of World of Warplanes is that damage to the aircraft really matters .
Owing to the volatile security situation, it has not been possible to assess the extent of the damage to the ancient city of Aleppo and several other World Heritage sites including the Crac des Chevaliers, Palmyra, the Ancient Villages in Northern Syria and Damascus.
Coyle is also hopeful the injury will not damage Holden's prospects of playing in the World Cup, with the United States playing England in their opening group game on 12 June.
But Chinese inflation still need not inflict too much damage on the rest of the world's economy.
He told the House of Commons that a delay in the local polls would damage the tourist industry, giving an impression to the outside world that Britain was "closed for business".
The limited damage the stock price has suffered from these setbacks suggests the investing world sees the Dreamliner-gate as a temporary obstacle rather than a lethal blow.
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Our own Foundation, Dancing Star (www.dancingstarfoundation) is working with partners and colleagues around the world to vastly multiply the environmental awareness and on-the-ground efforts by animal rights activists, conservation biologists and educators throughout the world to help stem the tide of irrevocable damage to the living earth.
And in the days after it did, this nation and all the world bore witness to the fact that the damage from Katrina was not caused just by a disaster of nature, but also by a breakdown of government -- (applause) -- the government wasn't adequately prepared and we didn't adequately respond.
But he said Britain wanted an investigation into the scientific and technological issues over cutting the environmental damage of aviation when it chaired the G8 summits of the world's most industrialised countries next year.
The FA said it was worried the plan could damage its 2018 World Cup bid.
At those sorts of levels of overall economic damage, the impact on the rich world as well as the poor world is huge.
But the way Mr Osborne sees it, the coalition's strategy in 2010 was based on the idea that the hole in Britain's public finances would not fix itself, and could fatally damage the country's standing in world markets, if left to fester.
Former Greek Foreign Minister Stavros Dimas called the suggestion "insulting, " and said Germany should pay reparations for the damage and loss of life the country inflicted on Europe during the Second World War.
James Murdoch insisted before the Leveson Inquiry Tuesday that he knew little about the scale of phone hacking by people working for the News of the World, as he continued his fight to limit the damage the scandal does to him and his family's media empire.
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