Word: leuven
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...naive to expect the E.U. to maintain a perfect record on human rights. "It would not be the first time the E.U. is going against its values, and its own interests," says Andrew Stroehlein, a spokesman for the International Crisis Group. Stephan Keukeleire, a professor of foreign policy at Leuven University in Belgium, points out that any E.U. claims of ethical foreign policy were already undermined by the fact that its members are among the biggest arms exporters in the world. "We too often talk about the moral side of our actions, and we too often say we have...
...Party might be a decisive force. I fear that it could deal another blow to President Obama's chances of being re-elected. We can only hope that Sarah Palin kills the credibility of the Tea Party like she did during John McCain's presidential campaign. Remi Boelaert, LEUVEN, BELGIUM...
...nearly two weeks, picketers have stacked crates and set fires to block the entrances to the headquarters of Anheuser-Busch InBev, the world's largest brewer, in the city of Leuven, as well as other plants. The protesters have not only prevented any beer from leaving the breweries but also stopped the raw ingredients and packaging materials from getting in. At one point, workers at the Jupille plant, near Liège, even took their managers hostage for 11 hours, demanding to speak with the company's top officials, before finally letting them go the following morning. A few days...
...company sees things differently. Although its headquarters are in Leuven, where AB InBev can trace its brewing roots back to 1366, the firm's power brokers are Brazilian investment bankers who manage a global empire with a workforce of 120,000 and more than 200 brands of beer, including Beck's, Labatt, Bass and Löwenbräu. It has expanded rapidly, following a series of rapacious mergers and acquisitions in recent years, most notably its takeover of Budweiser brewer Anheuser-Busch in 2008 - after which InBev became AB InBev. But that move also saddled the company with huge...
...default. The Federal Reserve holds so much influence in the world economy that other central banks might be wary of deviating too far from its policy. "The nature of the coordination is not that bankers sit around a table and do things together," says the University of Leuven's De Grauwe. "The nature is that some of the big guys make a move and force everyone to move." In the global recovery, as in the downturn, everyone may sink or swim together...