Word: europeanate
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...Many of the ideas Summers developed were codified in a 1986 article titled "Hysteresis and the European Unemployment Problem." Even today it's a piece he's proud of: "Ah, yeah, the hysteresis article," he interjects when it's mentioned. Hysteresis is a word that you (and the rest of us) should hope we don't hear too much of in the coming months. It comes from the Greek husteros, which means late. It refers to what happens when something snaps in such a way that it can never be put back together. Bend a plastic ruler too far, drop...
After weeks of twists and turns in the battle for control of General Motors' European unit Opel, the U.S. car giant finally made up its mind Thursday and decided to sell a majority stake to a bid headed by Canadian car-parts firm Magna, albeit with strings attached. The deal came as something of a surprise; over the past few days there has been feverish speculation in Berlin that GM had decided to hang onto Opel in Germany as well as its Vauxhall brand...
...Syria has made progress on some of the outstanding points of contention between the two countries. It has for the first time officially recognized Lebanese sovereignty, by opening a Syrian embassy in Beirut. (Damascus has traditionally viewed Lebanon as a Syrian province turned into a separate country by European colonial powers.) And it has made some effort to stem the flow of militants across the Syrian border into Iraq. Still, Syria appears wary of giving away too much and is especially wary of U.S. demands that it give up its strategic alliances with Iran, Hizballah and Hamas. Syria's fears...
...European publishers] were not party to the original discussions [about the settlement], so feel doubly disgruntled," Philip Jones, managing editor of the British trade magazine The Bookseller, tells TIME. He points out that Google's recent overtures are in fact clarifications rather than concessions: "Google is merely agreeing to respect international copyright law." (See the top 10 fiction books...
...Europe's rage is tinged with a touch of shame, as the Google Books saga highlights just how far behind European nations lag in their own digitization efforts. When Google started the project five years ago, several countries - France in particular - raised the alarm and proposed grand plans to scan Europe's literary bounty. Still, "only some 1% of the books in Europe's national libraries have been digitized so far," Viviane Reding, E.U. Commissioner for Information Society and Media, noted in a joint statement, warning that "if we are too slow to go digital, Europe's culture could suffer...