Word: french
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...exception culturelle" - and its policy of subsidizing, promoting and protecting artistic and cultural products as a matter of national interest - note that past government efforts to artificially fund markets has done little to halt Frances' declining creativity. But not only do Albanel and her supporters contest the idea that French cultural vibrancy is fading; they also have a nice retort to free-market enthusiasts decrying her plan. Albanel's project is roughly based on the "Own Art" scheme launched in Britain in 2004 by Arts Council England. The program is credited with having created 10,000 new, mostly middle class...
...Along with promoting France's modern cultural works, Abanel is also looking to protect significant French economic interests in the arts sector, which currently employs around 50,000 people across 10,000 companies. Public auctions yield around $2 billion in annual business, and Albanel estimates that sales between private parties represents as much as $10 billion per year. But while the French art market has been growing by around 13% a year, others are growing faster...
...year France was shocked to lose its third-place position in global art sales to China, whose 7.3% stake ranked it behind 41.7% for the U.S. and 29.7% for Britain; France's take was just 6.4%, according to a recent study by art specialist Artprice. Just three decades ago, French art sales made up a quarter of the world total. But the picture gets even worse in the modern art sector, where French activity in 2007 represented a mere 2.8% stake of the world market, Artprice reported...
...Should Albanel's plan succeed in creating a new generation of French collectors eager to keep France's modern art works at home,in some cases literally,the nation just may snatch its third place spot back from China. And if they can do that, perhaps French officials can come up with an equally efficient policy for getting the foreign-owned photos of their under-dressed First Lady back under domestic wraps...
...three Senators competing to succeed him, has been shaped both by the great minds of the Scottish Enlightenment, like Smith, and by a long engagement with the country that lured away so many of his compatriots. "I love the States," he says. When asked if he agrees with French Foreign Minister Bernard Kouchner's recent statement to the International Herald Tribune that the U.S.'s "magic is over," Brown demurs. "America," he says, "is still a beacon to the world for its defense of liberty and support for individual opportunity...