Word: europeanate
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...meeting stricter capital requirements and risk-management rules could cost British funds as much as $5 billion. For those outside the E.U., though, the proposals are just as stern. Managers or funds elsewhere in the world that don't meet equivalent regulatory standards will be barred from touting to European investors. "Basically," says Julian Korek, founding member of Kinetic, the region "becomes fortress Europe...
...doing so intentionally, not because they can't make the payments but because they don't want to put money into a house that's worth less than what they owe. That finding, from a paper by economists at the University of Chicago, Northwestern University and the European University Institute, raises some doubt about the approach the Obama Administration has taken toward stabilizing the housing market. The current approach focuses on whether or not homeowners can afford their monthly payments, and largely ignores the fact that some 20% of homeowners owe more than their house is worth - a situation known...
...Sphere of influence" is a term of diplomatic art, which is often invoked by the Russian government and Western nations in discussing plans for a NATO expansion and the European Commission's Eastern Partnership effort. In his speech, Obama distinguished between Europe's efforts to grow its diplomatic relations with former Soviet bloc countries and Russia's efforts to keep significant influence over its neighboring nations. "America will never impose a security arrangement on another country. For any country to become a member of an organization like NATO, for example, a majority of its people must choose to [join]," Obama...
...Hyundai's ad line - You can return your car to us if you lose your job - still moving cars? Yes. The Korean brands, Hyundai and Kia, have gained market share this year at the expense of their American, Japanese and European rivals. Both Hyundai and Kia were outperforming the industry through May. "Hyundai's share is up over 2 percentage points over the first half of '08, which is a massive undertaking in a very volatile market. We do continue to see them in a position to go after additional share, but it will be a more difficult environment...
...referring to Tony Judt’s “Fictions on the Ground,” in which Judt, the director of NYU’s Remarque Institute for European Studies, condemns Israel’s continued construction of settlements in the Palestinian territories. He even urges President Barack H. Obama to “remind Israelis that all their settlements are hostage to American goodwill.” Some have labeled Judt’s piece, perhaps appropriately, as anti-Zionist: yet another media big-name railing against the State of Israel. But given the tone Obama...