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Clinton is merely voicing concerns shared by others. In Europe, where the concept of "national champions" in a variety of industries is still taken seriously, some of the countries that have established huge SWFs, such as China and Russia, are not necessarily "friendlies, as far as the West is concerned...
It came in the form of European Commission plans to fine carmakers if they fail to meet their emission targets. The proposals could slap annual penalties worth billions of euros on carmakers if they miss targets. The measures are the latest weapon to force them to slash new vehicle emissions...
The Commission announced back in February that carmakers should cut CO2 emissions to 130g/km through improvements in vehicle motor technology by 2012, with the further reduction of 10g/km to be achieved by additional measures like using biofuels, improving tire performance, and developing less intensive air-conditioning systems.
The Commission - using figures from the Denmark-based International Council for the Exploration of the Seas (ICES) - has suggested there should be a 25% cut in cod catches for most E.U. waters. Other recommendations include a 32% cut in blue whiting, a 15% cut in North Sea plaice and sole...
Every year in late December, the ministers meet for a marathon session to decide the following year's fishing quotas. The European Commission typically points to scientific evidence showing a collapse in key catches, and suggests that quotas should be slashed across the board. And just as predictably, individual governments...