Word: europeanization
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That doesn't keep drugmakers from trying to develop a treatment, seduced by the prospect of a multibillion-dollar blockbuster that could be even bigger than Viagra and its competitors combined. At a European conference for sexual medicine on Monday, a German pharmaceutical company presented results from a pivotal phase III clinical trial in North America and announced that it had found a drug that works. "We saw an increase in sexually satisfying events, an increase in desire and a decrease in distress. When we look at this against a backdrop of a common and distressing problem that affects...
Americans and Europeans consider each other to be culturally distinct. European nations have high tax rates and socialized medicine; in the U.S., people flock to fast-food restaurants and pile into SUVs. But according to Peter Baldwin, a professor of history at UCLA, the reigning stereotypes about both groups are mostly untrue. In The Narcissism of Minor Differences, a new book published this month, Baldwin collected data from dozens of organizations and found that the U.S. and Europe are actually more alike than they are different. Baldwin talked to TIME about transatlantic differences in religion, crime and health care...
...certain European political and intellectual circles, such talk would hardly turn heads. But those three men wagging their fingers at the free market were thought to have their capitalist bona fides as part of a generation of European business and government leaders who had pushed for reforming the welfare system and opening up the job market. Often in open ideological war against the entrenched interests of labor unions and leftist politicians, the likes of Sarkozy and Tremonti had long insisted that free-market reforms were the only way to create a more dynamic Europe in an increasingly competitive globalized economy...
...longtime Ronald Reagan admirers are suddenly starting to sound like a union activist's picket sign? Has the Great Recession of 2008-09 effectively sapped all the energy from Europe's post-1989 wave of economic neoliberalism? "Quite clearly, the state is back," notes Iain Begg, a professor of European political economy at the London School of Economics. "In front of the failures of the Anglo-American model, we are seeing a revival of Keynesian approaches to react to the crisis...
...Business leaders were not pleased with this apparent about-face from a man who was once considered an ally. "We can't turn back. There are reforms that have begun, which must still be completed," says Andrea Moltrasio, head of European affairs at Confindustria, the Italian employers' association. "No longer is Europe divided into the politics of left and right, but between populist and reformist. What we need most of all is realism." Begg agrees and warns against the risk of pursuing bad policy for short-term electoral advantages. But, he adds, "the huge ideological disputes...