Word: european
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...charismatic Italian immigrant who, in 1919 and 1920, coaxed thousands of people into shelling out millions of dollars - including a staggering $1 million in a single three-hour period - to buy postage stamps using international reply coupons. This strategy, Ponzi promised, enabled one to purchase postage at European currencies' lower fixed rates before redeeming them in U.S dollars at higher values. "For instance," Zuckoff explained in a Dec. 15 article for FORTUNE, "a person could buy 66 International Reply Coupons in Rome for the equivalent of $1. Those same 66 coupons would cost $3.30 in Boston," where Ponzi was based...
...necessarily anything material like a house or a job, because happiness is very hard to quantify. Sure, we assume that we are happier than anybody in Zimbabwe or Burundi could be right now. But then again Slovenia—a picturesque European country nestled between the Alps and the Mediterranean with a buoyant economy that is unlikely to recede and record low unemployment levels—has the fourth highest suicide rate in the world...
...fired the mayor of Mogadishu and the pair could not agree on new Cabinet appointments. Ethiopian Prime Minister Meles Zenawi, who ordered his troops into Somalia two years ago to prop up the transitional government, called the squabbling a "never-ending saga" that must end. The Council of the European Union declared the same, saying it was time for the transitional government's leaders "to end these conflicts and to concentrate on the real challenges faced by the Somali people, notably peace, stability and reconciliation...
...than two dozen such victories French students have claimed since 2000. But while the majority of those victories came after peaceful demonstrations, France has a history of protest turning violent?student and otherwise. Some observers say the situation today is particularly volatile and unpredictable. "As in Greece and many European countries, the unions, opposition parties, and associations that usually take youth movements under their wing and organize protests in France are too weak and divided to play that role - meaning all the anger and resentment driving protests can surge out of control," warns French political analyst Dominique Reyni...
...didn't help that on the same day the Poznan talks concluded, the European Union - long the world's carbon-cutting leader - took a step backward. Europe had previously pledged to reduce its carbon emissions 20% by 2020 - the so-called 20-20-20 plan - and in Brussels on Dec. 12, representatives confirmed that goal. But instead of forcing electric utilities to pay for the right to emit greenhouse gases - as a draft plan from earlier in the year had prescribed - the E.U. bowed to complaints from poorer nations in Eastern Europe, allowing utilities in those countries to continue getting...