Word: amsterdam
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...model economy, with an official unemployment rate of 4%--the lowest in the E.U. except for tiny Luxembourg, at 2.8%. Its boom helped the country cut joblessness more than 50% since the early 1990s. "We're working at capacity," says Joop Hartog, professor of economics at the University of Amsterdam. "We should be happy with that." An active labor policy bolsters the boom by offering tax credits for low earners, more child-care and after-school facilities to ease women's path into employment, and more intensive mentoring--or hectoring--of unemployed to get them into the work force...
...fashioned bike from Amsterdam. Is that dorky...
...euro made it possible for them to invest across borders, which has been an inefficient and costly process as long as each country maintains its own bourse." The London-Frankfurt merger, which will later include the Spanish and Italian stock exchanges, follows an earlier merger between the Paris, Amsterdam and Brussels markets. "The globalization of the stock market is inevitable," says TIME business editor William Saporito. "Local stock markets came into being only because everything was bought and sold locally. But that's no longer the case...
Super-refrigerators use 87% less electricity than older, standard models while costing the same (assuming mass production) and performing better, as Paul Hawken and Amory and L. Hunter Lovins explain in their book Natural Capitalism. In Amsterdam the headquarters of ING Bank, one of Holland's largest banks, uses one-fifth as much energy per square meter as a nearby bank, even though the buildings cost the same to construct. The ING center boasts efficient windows and insulation and a design that enables solar energy to provide much of the building's needs, even in cloudy Northern Europe...
...those who are intent on joining the 100-mile-high club, Hilton and Budget are plotting to build space hotels, and an Amsterdam outfit is talking about using Russia's old and battered Mir as a decidedly low-rent celestial motel--although if you're thinking of staying on Mir, you may want to check the Michelin ratings before booking yourself a suite...