Word: leuven
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Dates: during 2000-2009
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...each facing its own special mix of inflationary pressures and unemployment - both of which affect decisions for monetary and fiscal policy. "We won't get the kind of coordinated response that is the rhetoric of the G-20," says Paul De Grauwe, professor of economics at the University of Leuven in Belgium. "Each country is going to look at its own interests." (See TIME's special "Out of Work in America...
...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...
...InBev itself was only created in 2004, from the merger of Belgium's Interbrew with Brazil's AmBev. It is headquartered in the Flemish city of Leuven, where the company can trace its brewing roots back to 1366. Though the board includes former Belgian Prime Minister Jean-Luc Dehaene, the firm's power brokers are Brazilian investment bankers who have placed an accounting technique known as zero-based budgeting at the heart of their global strategy. It compels divisions to justify all costs for each year, rather than simply adjusting the baseline spending from the previous year...
...trust their promises," says Alfons De Mey, president of the 110,000-member Belgian food and hotel workers union. "InBev is all about money. We've seen centuries-old breweries close down here in Belgium, and there are now only two big ones left in the country, in Leuven and Jupille." He says beer-making has changed beyond recognition in recent years. "Before it was run by brewers, but now it's bankers...
...Madame, you are one of the few chosen women.’ ‘Why?’ I asked. ‘Because you shall have a vie complete—a complete life.’”Professor Hildegarde Heynen of the Katholieke Universiteit Leuven in Belgium and a current fellow at the Radcliffe Institute is completing an intellectual biography of Sibyl Moholy-Nagy. The architectural historian presented a lecture on the topic on Wednesday, Feb. 20.“First of all, Sibyl Moholy-Nagy had a very interesting and very exceptional life...