Word: traded
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...that the competition had been rigged in favor of archrival Boeing - an accusation that spurred charges of unabashed American protectionism in Europe. Now, with both sides digging in their heels, what began as a transatlantic flap over the refueling-aircraft business is starting to sound like a full-blown trade...
...denouncing the deal - and the veiled threats of retaliation - most observers say the chances of the spat jumping from the defense sector to wider commercial deals are small at most. Military contracts have historically been so vulnerable to protectionism and national preferences that they aren't covered by World Trade Organization rules. For that reason, says Nicole Bacharan, a specialist on U.S.-European affairs at Stanford University, "the way this contract was handled wasn't any different from how it would be handled in any other country - especially one whose defense industry is as big but fragile as America...
...Bacharan both believe that the fracas will add to the rising disappointment in Europe with the Obama Administration - but not much more than that. "Everyone would lose if this were to spread to commercial trade, and there also isn't much political gain pushing this much further than it has now," Bacharan says. "The anger is good theater to a domestic audience, but it would travel very poorly across the Atlantic." (Read "France's Boardrooms: Little Diversity...
...Perriello cashiered incumbent Republican Virgil Goode by capitalizing on an Obama-fueled turnout of African-American and college-age voters. And while Perriello held 21 health care town halls last summer, the most of any member of Congress, his support of health care reform and cap-and-trade legislation - as well as the district's natural tilt - has stamped a bull's-eye on his back...
...stores, let alone 16,000-plus like Starbucks. But every town can have a café that, if it doesn't buy its coffee beans from a small farm in Burundi or Costa Rica, at least can buy them from someone who does. According to an industry trade publication, what is loosely called "specialty coffee" accounts for $13.65 billion in sales, one-third of the $40 billion that Americans annually spend on coffee. Obviously, only a small fraction of that is from third wave coffee. But how big was the specialty sector when Starbucks got the ball rolling...