Word: recente
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...fact, the U.S. might turn out to be more competitive. American dominance has in recent years been a mixed blessing. Many countries got addicted to selling to American consumers and poured capital into the U.S. to keep the buying going. These inflows kept the dollar strong, making life tough for U.S. exporters; they also saddled Americans with the unsustainable debt loads that led to the financial crisis. Now no one abroad is willing to lend to deadbeat American households, and the U.S. government has temporarily taken over as the world's chief borrower and spender. But as we've just...
...recent election results are any indication, the Japanese electorate is prepared to end the LDP's long stint running the country. In Tokyo's Metropolitan Assembly elections, considered a bellwether of the country's mood, the opposition Democratic Party of Japan (DPJ) for the first time won a majority - a stinging defeat for the LDP and its ruling coalition. DPJ members ended up with 54 seats, compared with 38 for LDP candidates. "This [win] is big enough to indicate that, within the country, the trend is not good for the LDP," says Robert Dujarric, director of Temple University's Institute...
...wealth and population density are different from those in the rest of Japan. But dissatisfaction with leadership is running high. Japan is reeling from a jobless rate that has reached a five-year high of 5.2%, and industrial output is down one-third from a year ago. A recent poll conducted by the Yomiuri Shimbun newspaper showed that 41% of Japanese would vote for the DPJ in a general election, while just 24% would cast ballots for the LDP. "Ordinary people are seeking a change of government," says Takao Toshikawa, editor of political newsletter Tokyo Insideline. "I dare say that...
...Russia insists it is a reliable partner and blames Ukraine, which transits 80% of its gas exports, for the recent winter spats. Moscow's solution is to bypass Ukraine and supply Western Europe directly through the Nord Stream pipeline (to Germany, via the Baltic Sea) and the South Stream (to Bulgaria, via the Black Sea). But that would do nothing to ease the E.U.'s reliance on Russian gas, and most E.U. leaders don't see it as a viable option. Last month Barroso warned that "the E.U. must not sleepwalk into another gas crisis...
...Though French government officials have shown a willingness to placate - and pay off - rambunctious protesters in the past, they may think twice about bending to the threats of blowing New Fabris sky-high. That violent ultimatum is only the most recent in a series of escalating acts of intimidation by French workers facing layoffs. Last April, French fishermen furious over the effect European Union fish quotas were having on their bottom line blocked traffic in and out of North Atlantic ports for two days until they were promised state aid. Recently, France has witnessed a series of so-called bossnappings...