Word: europeanate
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...world’s demand for biofuel can be attributed to several factors including the European Union’s alternative energy targets, American fear of dependence on the Middle East, and the rise in the price of fuel. As fuel prices skyrocketed up to $145 a barrel this summer, biofuel became an increasingly appealing and economically viable solution to our oil addiction. But we are really addicted to oil, and what little ethanol the U.S. produces domestically (made from surplus corn that we used to donate as food aid) has not been able to cut it. In order...
Rattled Americans have found some solace in the news that President-elect Barack Obama is working quickly with congressional Democrats to finalize details of a mammoth stimulus package expected to total between $500 billion and $700 billion. Europeans have been less lucky. So far, they've had to content themselves with a patchwork of national recovery plans frequently at odds with one another. A European Union-wide program, if leaders can even agree on one, is likely to be worth a comparatively anemic $130 billion...
...European Commission has struggled to overcome divisions among E.U. member states over its stimulus package, details of which are due to be announced on Thursday. The commission wants member states to agree to spend about $163 billion to stimulate growth beyond the separate national recession-battling plans. That sum - about 1% of the E.U.'s combined GNP - would mostly be comprised of money already earmarked for investment in certain regions, sectors and infrastructure. Le Nouveau Deal...
...what we're hearing about the package, it not only involves very little funding beyond what was already in the pipes, but at 1% of GNP, it represents a very timid response to recession," says Karel Lannoo, an economic expert and chief executive officer of the Center for European Policy Studies in Brussels. "By contrast, the $2 trillion to $2.2 trillion used to keep Europe's financial sector from collapsing represents around 17% of E.U. GNP. That, too, was promised by national governments but was the result of more coordinated and better funded reaction to crisis...
...than impede it, fighting poverty will become more than a zero-sum game. Our economic output would increase tremendously. A major reason global productivity has increased over the last twenty-five years is because of removing immigration barriers and expanding the workforce within states, especially China, India, and the European Union. It’s time to make this happen on a worldwide scale. Liberalizing trade and migration both create wealth, and migration does so on a wider scale. The moral and economic interests of the majority of citizens in the developed and developing world are aligned, and it shouldn?...