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...independence could make waves. Aleksander Popovic, deputy head of the ruling Democratic Party of Serbia, told TIME that Serbia may well reconsider its "betrothal" to the E.U. if the E.U. recognizes Kosovo. Djelic, the Deputy Premier, agrees: E.U. support for a unilateral declaration, he said, "would throw the European orientation of Serbia - and certainly the speed of reform - into question." In one recent poll by New Serbian Political Thought, a nationalist journal, 80% of respondents said that they would seek closer ties with Russia if Kosovo were granted independence before the U.N. had sanctioned...

Author: /time Magazine | Title: Kosovo: Into the Unknown | 11/28/2007 | See Source »

...floated at the conference will likely be a proposal to create an international carbon-trading system that would, in effect, allow countries such as Indonesia to be paid for not cutting down their forests. Although details have yet to be hammered out, the concept is similar to a European Union carbon-trading system that sets limits on greenhouse-gas emissions, allowing companies exceeding those limits to buy "credits" from companies that produce less than their fair share of pollutants. Thus, heavy polluters are penalized (they have to pay for credits to stay within the cap), while greener groups are rewarded...

Author: /time Magazine | Title: Green Monster | 11/28/2007 | See Source »

...claiming, “We need look no further than the luxury empire that is Louis Vuitton Moet Hennessy [sic],” Lin immediately invalidates her entire article. Moet Hennessy Louis Vuitton is a house grounded and supported by almost exclusively European brands...all of Lin’s examples of how Project East has perpetuated the grave social and environmental problems in East Asia stem from this conglomerate. Here a basic understanding of the industry is essential; Lin obviously didn’t realize that there is a difference between the effects of large, Western brands in East...

Author: By Timothy W. Parent | Title: Lin Lacks Understanding of Fashion Industry | 11/26/2007 | See Source »

...European Commission on Tuesday addressed the issue head-on when it proposed reforms to the European Union's Common Agricultural Policy (CAP), the skein of price supports, export subsidies, and environmental payments that gobbles up 44% of the E.U.'s $187 billion annual budget...

Author: /time Magazine | Title: Reforming Europe's Farms | 11/21/2007 | See Source »

...However, this is just the start of the process. E.U. governments and the European Parliament will decide on any reforms in the second half of 2008. As it happens, that is when France - the biggest recipient of E.U. farm subsidies - will hold the E.U.'s rotating presidency. German and British officials have already signaled their resistance to the plans, arguing that larger farms are more efficient and ought not be penalized...

Author: /time Magazine | Title: Reforming Europe's Farms | 11/21/2007 | See Source »

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