Word: europeanate
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...whole, the Communist Party has proven itself to be remarkably adaptable and open to borrowing elements from different countries and political systems. As a result it is becoming a hybrid party with elements of East Asian neo-authoritarianism, Latin American corporatism and European social democracy all grafted to Confucianist-Leninist roots. The uprising in Tiananmen and across China in 1989 and the subsequent collapse of communist systems in Europe and the Soviet Union were instructive experiences for the CCP. Many lessons were drawn, but the principal one was to remain flexible and adaptable, not dogmatic and rigid. (Read "Beijing Clamps...
...term profiteering is at the root of the trouble. For all the recent signs of improvement, the financial situation is still far from normal. Some huge financial institutions, from AIG to Royal Bank of Scotland, remain on government life support. Jürgen Stark, a board member of the European Central Bank (ECB), recently estimated that financial institutions operating in Europe alone are facing total losses of around $650 billion between 2007 and 2010 - and have so far written down less than half of that amount in their books. "There is no room for complacency," he said, warning that extraordinary...
...Free Democrats will embrace closer cooperation with France. They won 14.6% of the vote, a record result for the party, and their leader, Guido Westerwelle, is likely to become the next Foreign Minister. His campaign focused on how to revive Germany's economy, and he was vague about broader European issues. In an interview with TIME before the election, Westerwelle didn't refer directly to France but talked about the critical importance of the E.U. as a political entity, not just an economic one. "If Europe hadn't achieved anything other than peace for this [postwar] period, it would already...
...affairs spokesman for Merkel's Christian Democratic Union. They outlined a new "core" Europe in which France and Germany would make up the inner "core of the core." The French never formally replied to that proposal. That was "a mistake," says Jean-Pierre Jouyet, the former French Minister for European Affairs who now heads the national stock-market regulatory agency...
...ISRO now wants to land a craft on the moon by 2013 and has reaffirmed its commitment to sending a mission to Mars by 2015. ISRO wants to garner a larger share of the increasingly competitive commercial satellite launch market. On Thursday, it launched six European and Turkish satellites from its Polar Satellite Launch Vehicle. "[The] returns, in terms of the science, the technology, inspiration, stature, prospects for international cooperation... are immense," K. Kasturirangan, former ISRO chairman who conceived Chandrayaan-I, told TIME before the launch. It doesn't hurt that the country's celebrating...