Word: amsterdams
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...Netherlands had more than half the world's merchant ships. It ruled trade and shipping not just in Europe but throughout Iberia, Africa, Asia and South America, led by the famed Dutch East India and Dutch West India companies. (A forerunner of the latter founded New York City.) Amsterdam became the global financial capital; Dutch workers' wages were Europe's highest. The link between freedom and entrepreneurship was not lost on Adam Smith when he wrote of the virtues of free-market economics...
...Beast, now in its fourth year on Broadway and with nine companies worldwide, is estimated to have brought in $150 million in profits. The company has two more musicals in the works, King David and Aida, and has renovated (at a cost of $34 million) the New Amsterdam Theater on Broadway--where The Lion King will open this fall, after an eight-week run in Minneapolis that officially begins July 31. If the show is a hit, it could be another long-term money machine...
...first major initiative from the West is membership in a military alliance. What they really need is membership in the European Union. That is not happening because the Europeans think offering NATO membership is easier and cheaper for them. After the nonprogress at last month's E.U. summit in Amsterdam, it is clear that its expansion will be smaller and slower than the Americans, and the new applicants, had hoped...
...AMSTERDAM, Netherlands: The crisis that threatened the launch of Europe's common currency was defused late Monday after EU leaders reached a compromise deal that meets Germany's concerns for a stable euro and French demands for job creation. The agreement will free up hundreds of millions of dollars for job-creating strategies, giving priority to small and mid-sized companies. But for France, there will be no free lunch. Addressing German concerns, Dutch Finance Minister Gerrit Zalm warned that the funds must be paid back in full. "There is no suggestion lots of subsidies will be handed...
...crucial test will come next week, when Jospin and Chirac head to Amsterdam for the European Summit. There the ministers are due to approve the controversial, German-inspired "stability pact," intended to impose continued budgetary rigor once the euro is launched. But Jospin has denounced the pact as a "super-Maastricht." If he sticks to that position in Amsterdam, the launching of the euro could be delayed or even scuttled...