Word: unionizations
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...developing countries but also countries like the U.S.—to come along and participate in fighting climate change.” Dimas touted several recent pieces of legislation as evidence of Europe’s leadership role in environmental issues, including the 2005 implementation of the European Union Emission Trading Scheme, the world’s largest emissions trading system. Dimas pointed out that the United States lags far behind in respect to environmental legislation. He said that the Lieberman-Warner bill, which would have implemented a carbon cap and trade emissions scheme much in the same vein...
...mortgage lender Bradford & Bingley, and earlier this year it took over another debt-ridden bank, Northern Rock, guaranteeing the deposits of retail customers. Britain's protection scheme for private-sector banks guarantees deposits only up to $87,500, causing some jittery savers to look on enviously as some European Union countries announced full protection for all retail accounts...
...scary conditions elsewhere hardly drew attention away from the underlying weakness in Europe's own supervision of its financial institutions. Most of the continent is conjoined into a political union of 27 countries, 15 of which use the euro under the monetary authority of the European Central Bank. But as the recent days' fraught activity has proved, coordination between governments on fiscal and supervisory measures remains strictly voluntary...
Countering a charge that upper-class tax increases would hurt the economy, Joe Biden launched like a mad bus driver into a breathless verbal tour of his hometown, beginning with Union Street and a mom-and-pop restaurant, accelerating through all the stops—the current administration, taxes, Iraq, education, health care—taking a slight detour to note his (working-class, blue-collar) predilection for Home Depot, and wheezing back into the station with a promise of change from Obama. To viewers at home, Biden’s brief but intimate portrait seemed to say much more...
...much for European unity. Less than 24 hours after leaders of the European Union's four largest countries gathered in Paris Saturday to pledge a collective defense in the global financial crisis, the strategy crumbled in the face of a still worsening credit crisis in Europe's banks. German Chancellor Angela Merkel, faced with the breakdown of a government-brokered deal with German banks to save one of Germany's biggest mortgage lenders, announced that all German bank deposits would be guaranteed by the government, causing consternation and anger among her European neighbors, many of whom felt compelled to follow...