Word: scandinavian
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...tempting to assume that Denmark is innately green, with the kind of Scandinavian good conscience that has made it such a pleasant global citizen since, oh, the whole Viking thing. But the country's policies were actually born from a different emotion, one now in common currency: fear. When the 1973 oil crisis hit, 90% of Denmark's energy came from petroleum, almost all of it imported. Buffeted by the same supply shocks that hit the rest of the developed world, Denmark launched a rapid drive for energy conservation, to the point of introducing car-free Sundays and asking businesses...
...doesn't pay to get too far ahead of the jury, a lesson that France and the Scandinavian countries have learned to good effect. "You have to stay in the comfort zone of the judges," says Roland Henin, the U.S. team's French-born coach. "They can't be tasting or looking at something they don't know, because you'll lose them." Innovative Copenhagen chef René Redzepi, who served on the jury, was a little regretful about that comfort zone. "I was hoping it wouldn't be luxury item upon luxury item, that they would strip away...
...creativity isn't the problem in places like this gorgeous, wind-strafed corner of Minnesota, where clergy are trying out several innovative ways to keep God in the heartland. The fertile, Scandinavian-settled farm towns in the Red River Valley were the models for Garrison Keillor's Lake Wobegon; for decades, thousands of farmers comfortably worked 80-acre lots and prayed in small, ethnically uniform churches. But starting in the 1970s, Wobegon was hit with sinking commodity prices and job-cutting farm technology, a combo that sharply reduced the population. Churches foundered. But only in the past few years have...
...Italian flag carrier Alitalia - and the ever growing Lufthansa, an enlarged BA and Ryanair would mean "for most of the smaller network airlines who have a very weak balance sheet, they're going to have to fold into one of those four groups," says Exane BNP Paribas' Van Klaveren. Scandinavian Airlines (SAS), for one, "will survive 2009, but I doubt it can survive 2010 on its own," he says. And while banks or carmakers can be too big to fail, "the days of every country in Europe having their own national airline are gone...
Another, less hopeful possibility that gets discussed a lot is the decade-plus malaise Japan fell into in the 1990s after financial and real estate bubbles collapsed there. Then there's the less well known but more encouraging Scandinavian experience of the early 1990s. Sweden in particular is now held up as the model for how to restructure a busted financial system. How did that work out for the Swedish economy? It shrank for three years running, from 1991 through 1993 - ending up 4% smaller before it began growing again...