Word: european
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...many contemporary writers can muster Ghosh's panoramic verve - even fewer can wield it with his deftness and poise. His research into 19th century nautical manifests led him to the lascars, a fascinating pan-Asian community of sailors employed aboard nearly all European craft in the Eastern hemisphere. Some of the book's most affecting passages involve their moonlit gatherings aboard the Ibis' deck, singing songs, swapping tales and forging a globalized identity long before such things were ever in vogue...
...when Kenichi Watanabe, CEO of Nomura Holdings, began raising a $5.6 billion war chest to increase his firm's international footprint. Tokyo's biggest investment bank said it would buy the Asia operations of Lehman Bros., the bankrupt Wall Street firm, and was in negotiations to take over its European operations as well. The $225-million deal saves the jobs of about 3,000 Lehman employees, some of whom expressed surprise as well as relief that they might keep their jobs. "Now we have a parent with money, an understanding of the region, and a desire to expand globally," says...
...sober French reaction marks how the nation has evolved towards a freer market system under European Union rules, even as it struggles to preserve parts of its vaunted welfare state. Over the past decade, millions of French citizens became first-time shareholders following a huge wave of privatizations, the bulk of them carried out in the late 1990s by a Socialist-led government. Meanwhile, once-modest executive compensation - long cited as proof of France's more egalitarian approach - has skyrocketed in recent years; in 2007 alone, pay for French top executives soared by an estimated 58%, according to the French...
...They got into a situation where their financial policy relied on being able to rollover certain types of short-term financing,” said Bergstresser, who served as the former head of European Credit Research at Barclays Global Investors. “When the perception arose in the markets that Bear was having trouble, the fear of Bear’s failure became a self-fulfilling prophecy as Bear could no longer rollover their short-term financing...
...growing vigorously, and the nation's notorious social inequality is receding. What's more, Brazil is flexing a newfound diplomatic clout as the hemisphere's first real counterweight to the U.S. (Lula led the creation of a bloc of developing nations, the G-20, to thwart U.S. and European hegemony in global trade talks.) "I believe implicitly that Brazil has found its way," he told TIME in a rare interview at the Planalto presidential palace in BrasIníciolia...