Word: europeanate
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...trade bill that was passed by the House and is now up for debate in the Senate would finally commit the U.S. to real carbon reductions. But under the new law - if it passes - U.S. emissions would fall only 13% from 1990 levels by 2020. The European Union, meanwhile, has pledged to make cuts of 20% from 1990 levels by 2020, meaning there is still considerable daylight between what seems politically feasible in the U.S. and E.U. And while governments at last month's G-8 meeting pledged to keep the global-temperature increase from climate change...
...societies in Europe [Aug. 10]. Unfortunately, by describing this development as "feeding off the economic crisis and the loss of trust in mainstream parties," she is missing the point. Phenomena such as xenophobia and fascism have historic roots and surface regularly with the help of opportunistic politicians. Unfortunately, the European media is as guilty as politicians - far-right or mainstream - for instigating and giving extensive coverage to racist parties under freedom of expression rules and with no regard for the protection of minorities. Bashy Quraishy, COPENHAGEN...
With the new General Motors Corp. expressing second thoughts about selling Opel to Canadian partsmaker Magna International Inc. - or anyone else, for that matter - a flip side to GM's indecision has emerged. Why would Magna want Opel when acquisition of the bankrupt European carmaker could jeopardize billions of dollars in business with existing customers - and possibly lead to its ruin...
Some analysts argue Magna is making a big mistake if it acquires Ruesselsheim-based Opel and its European subsidiaries, which employ 50,000 workers, most of them in Germany. "A third of the parts companies out there are in trouble right now," says Toronto analyst Dennis DesRosiers of DesRosiers Automotive Consultants. "This is an unprecedented opportunity for Magna to build its core business...
After Democratic financier Hassan Nemazee was accused of forging loan documents in order to borrow $74 million from Citibank, he wired the money back. A nice try, but not one that would stave off his arrest. Authorities arrested Nemazee on Aug. 25, shortly before he left on a European vacation. He was charged with bank fraud, released on a $25 million bond and placed under house arrest in his New York City apartment. Nemazee, who raised money for both Hillary Clinton and Barack Obama in the 2008 election, faces a prison sentence of up to 30 years...