Word: european
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...recent years, East European nations have dominated Eurovision - Russia won last year, Serbia the year before, and Ukraine finished second both times. It may seem like sour grapes, but commentators from losing countries (the U.K. finished last in 2008) have consistently complained that the public phone vote used to determine the winner has ensured that historical ties always trump song quality. An entry from Greece, for example, could still earn top points from Cyprus, even if the song is painful to listen to. (See a TIME package on loving Eurovision...
Already, the IMF has recommended that European regulators follow the U.S.'s lead and run stress tests on their banks. And there are hints from the Federal Reserve that at least some aspects of the stress tests will become part of the ongoing regulatory system. Fed Chairman Ben Bernanke has said that the stress tests were "an enlightening exercise that will improve the tool kit we use to help ensure the safety and soundness not just of individual firms but of the financial system more broadly...
...John Paul's--have been plagued by mixed messages that have caused critics to wonder whether he has botched the opportunity to redress past shortcomings and strengthen the church's ties to the Jewish people. Like John Paul, Benedict came of age in one of the Holocaust's European slaughterhouses, and many expected that the Bavarian, like the Pole, could turn his somber history into a special authority for combatting anti-Semitism and pursuing the pro-Jewish reforms the church enacted at the Second Vatican Council in 1965. But he hasn't done so. Instead, says David Gibson, the (Catholic...
...starkly different responses of some U.S. bishops and the Vatican could just be a matter of pure politics. As Obama's European tour last month showed, the Pope would hardly be the only head of state eager to start off on the right footing with the new Administration. In addition, Obama is broadly popular among American Catholics, 67% of whom gave him a positive approval rating in a recent Pew poll. At a time when the U.S. Catholic Church is losing members - a separate Pew study found that for every American who joins the Catholic Church, four others leave - Benedict...
...Greenpeace's Moglen said the low targets would "handcuff" the President in talks with European leaders who are considering the more ambitious IPCC goals. Free credits, he said, would free industry from its responsibility to clean...