Word: unioned
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Dates: during 1990-1999
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...American public and officials in Washington are underestimating the risks to the U.S. of the new European Economic and Monetary Union, and its new currency, the euro. The reason for concern is not that the EMU will mean a stronger Europe that can challenge the U.S. economy. Quite the contrary, the EMU is likely to weaken European economies, leading to more trade friction and economic isolation. But the most important problems the EMU can cause are political, bringing increased conflict within Europe and with...
...about substituting the euro for 11 national currencies and transferring responsibility for monetary policy from individual national central banks to a new European Central Bank, but the EMU's real importance is political. The advocates of the EMU see it as an important step toward creating a strong political union. The idea of a United States of Europe was conceived at the end of World War II by politicians who believed that abolishing national governments would prevent a repetition of the major wars that had engulfed Europe during the previous 75 years...
...means "economic" as well as "monetary" union. There is official talk about harmonizing taxes, employment rules and other policies that are currently made by national governments in order to reduce the competitive advantage enjoyed by European countries with lower tax rates and more flexible labor markets...
WEDNESDAY, JAN. 6: At 6 a.m., after 12 hours of haggling, NBA commissioner David Stern and players' union director Billy Hunter reach an agreement. By mid-afternoon, the players ratify it. Bulls guard Steve Kerr, a free agent, arrives in New York for a players' meeting to discover the deal has been made. "All of a sudden, it focused: 'Wow. We all have to get jobs,'" he says. Kerr calls his agent, who has already received half a dozen offers. Kerr, though, wasn't going to consider other offers until he knew whether Jordan was returning. Bill Wennington, the Bulls...
WEDNESDAY, JAN. 13: During his press conference at the United Center, Jordan, sporting a bandaged finger that he hurt while cutting a cigar, says he made up his mind to retire at the end of last season, but kept quiet in order to support the union, which would have had a weaker position if it couldn't shake its premiere moneymaker in Stern's face. In the serious, unemotional, professional manner that characterized his career, Jordan says, "Right now, I don't have the mental challenges I've had in the past." His wife Juanita says he will do more...