Word: euros
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Dates: during 2000-2009
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...really make sure money stays in the community is through creating a local currency. Christian Gelleri, a former Waldorf high school teacher in the Lake Chiem area in Germany, has launched a regional currency, the Chiemgauer, equivalent in value to the Euro. According to Gelleri, the Chiemgauer, accepted at more than 600 businesses in the region and with about $3,000,000 Euros worth in circulation, has three times the velocity of the Euro, circling through the economy an average of 18 times a year as opposed to 6. One reason for the fast turnaround is that the Chiemgauer...
...Gelleri, it was stable in the 1950s, '60s, and '70s but starting in the '80s velocity has decreased as more money has been diverted to the financial sector. This scenario may benefit financial centers, but money tends to drain away from other places. Gelleri says that both the Euro and the U.S. dollar have slowed way down. "In the last several months velocity has declined sharply because there's less GDP and more money," he says. "The money doesn't flow. More money is being printed, but it's not going into circulation...
...Brown's "case for unity", as he described it during last night's meeting, would seem to bring to an end - for now, at least - the rudderless efforts to unseat the Prime Minister. In light of Labour's collapse in the Euro poll, wavering MPs were probably spooked by the prospect of a general election. (Imposing a second successive unelected P.M., the assumption goes, would be one too many for the electorate to swallow, making a national poll inevitable.) Rebellion was stymied, too, by a failure of the disgruntled to unite behind a policy agenda or a credible successor. When...
...often choose to thump national politicians over distinctly domestic issues. As the results of Thursday's Europe-wide poll trickled in late Sunday, nowhere was that more evident than Britain. Rounding off an abysmal week for Gordon Brown, the Prime Minister's Labour Party slumped to third in the Euro vote with just 15.7% of the vote, far behind the opposition Conservatives and trumped even by the U.K. Independence Party (UKIP), a fringe group whose singular focus is to get Britain to quit the E.U. altogether. Worse still, the far-right British National Party (BNP) picked up two seats...
...Sarkozy's rightist Union for a Popular Majority (UMP) claimed first place with 27.9% of the Euro vote. The result marks the first time a sitting French President's party has won a European election since 1979. That success in avoiding the traditional midterm European protest vote was all the more significant against Sarkozy's modest 43% approval rating, as well as polls indicating the public continues to frown on how he and his government have responded to the global financial crisis. Despite all that, ruling conservatives came within four points of Sarkozy's commanding 31.1% score during the first...