Word: regionality
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Riga's revival is part of a broader expansion that has buoyed the Baltic Sea region, an area that comprises about 70 million people living in nine countries bordering the sea. Established players like Sweden and Finland are pairing up with emerging economies (and recent E.U. inductees) like Lithuania, Estonia and Latvia to transform a region once better known for herring, bad weather and cold war naval maneuvers into a global economic dynamo. "It's a hot spot for growth," says Peter Egardt, a Swede who heads the Business Advisory Council at the intergovernmental Council of Baltic Sea States...
...When the Iron Curtain fell, he was commander of a Soviet nuclear submarine. Today, he organizes joint sea-rescue exercises with France, Sweden and the U.S. as the head of the Latvian coast guard. "The changes of the past decade were very, very fast," he says in English, the region's new lingua franca. "They were completely unexpected...
...Soviet Union melted away, newly unfettered countries were primed and hungry for economic growth. Back in 1994, for example, Estonia became one of the world's first regimes with a flat tax on corporate and personal income. These young democracies also benefited from advantages shared by the region as a whole, including enviable political stability, social cohesion and a sound regulatory environment. Equally key, they boasted high levels of education and innovation, giving rise to outfits like the Internet telephone company Skype, which was founded by a Dane and a Swede and was based on computer code written by Estonians...
Freshman Greg Shuman can add another honor to his first team All-Ivy status. Thanks to a vote of the Golf Coaches Association of America, Shuman joins an elite group of 16 collegiate golfers on the Ping All-New England Region team. Shuman, who led the Crimson with a 75.08 stroke average, is now eligible for the coveted All-American distinction. In his debut season, the rookie earned a top-10 finish in three of the Harvard’s nine events and broke 80 in every one of his 20 tournament rounds. At the Ivy League Championship, Shuman finished...
...troops in Iraq measured over a two-month period has reached an all-time high. Military officials had predicted such a spike as General David Petraeus began to flow close to 30,000 more U.S. troops into greater Baghdad, stationing many in small outposts dotted across the region. Unfortunately, it's one prediction that the brass got right: At least 220 U.S. troops have been killed in Iraq since the end of March, eclipsing the 215 who died in April and May of 2004 during the fight for Fallujah...