Word: euros
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When Disney chief Michael Eisner visited the Paris Bourse to launch Euro Disney stock in 1989, protesters threw eggs and waved signs that read, "Mickey, Go Home!" Critics attacked Disney's European theme-park plans, with French movie director Ariane Mnouchkine warning of "a cultural Chernobyl." After the gates opened in 1992, Euro Disney did look disastrous. Attendance flagged and losses mounted, leading some to wonder whether a fairy-tale ending would, for once, elude the masters of make-believe...
...hasn't. Last weekend, Euro Disney celebrated its first park's 10th anniversary with the launch of a second one, the ?610 million Disney Studios. The expansion of the resort complex at Marne-la- Vallée, 30 km east of Paris, is a sign that the company has found not only stability as Europe's top tourist attraction but also renewed confidence in its long-term outlook...
...mission of ethnic studies is to diversify the academic curriculum to include critical perspectives of ethnic communities that have been historically neglected by Euro-centric academia and to examine the social construction of race, class, gender and sexuality. Ethnic studies, the collective term that commonly refers to Afro-American, Asian American, Latino and Native American Studies, has often been connected to minority communities, but the scholarship seeks to diversify the curriculum to examine the experiences and perspectives of all ethnic groups, including “white” ethnic groups such as Irish and Jewish Americans. In essence, ethnic studies...
...stability and growth pact was Germany's price for giving up the sacred deutsche mark in favor of the euro. No way would the country allow those profligate Italians and other high rollers to debase the new common currency by spending more than they could afford and running high deficits that would ignite inflation. So every member of the monetary union had to don a whalebone corset "Made in Germany." Above all, nobody could generate a deficit higher than 3% of GDP. Or else...
...face the electorate in September, but a disaster for Europe. If the preacher goes off the wagon, why should his flock stick to sobriety? How will the Commission be able to chastize Italy, Portugal and France, whose deficits are swelling, if it caved in to the Berlin bully? The euro, which since its inception in 1999 has plunged nearly 25% against the dollar, will surely not rise soon...