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...support, but rather from where it should be coming. Interpreting EU treaties in such a way that allows rich member-countries to bail out poorer ones is a step toward integrated eurozone fiscal policy as it necessitates the coercion of the poorer countries’ fiscal policymakers. Although austere German inflation-hawks might disagree, any interventionist French politician-turned-economist would gladly proclaim that fiscal policy is inherently, and rightly, subject to political forces. Indeed, in that country, unlike in Germany and the U.S., elected politicians dictate what federal rate-setters ought to prioritize...
...Lusitania had 1,949. The mortality figures were even closer, with a 68.7% death rate aboard the Titanic and 67.3% for the Lusitania. What's more, the ships sank just three years apart - the Titanic was claimed by an iceberg on April 14, 1912, and the Lusitania by a German U-Boat on May 7, 1915. But on the decks and in the passageways and all the other places where people fought for their lives, the vessels' respective ends played out very differently...
There were a lot of factors behind these two distinct survival profiles - the most significant being time. Most shipwrecks are comparatively slow-motion disasters, but there are varying degrees of slow. The Lusitania slipped below the waves a scant 18 min. after the German torpedo hit it. The Titanic stayed afloat for 2 hr. 40 min. - and human behavior differed accordingly. On the Lusitania, the authors of the new paper wrote, "the short-run flight impulse dominated behavior. On the slowly sinking Titanic, there was time for socially determined behavioral patterns to reemerge...
...example, the Russian energy giant Gazprom signed a contract with Paris-based GDF Suez to give the French company a 9% stake in the Nord Stream natural-gas pipeline and up to 1.5 billion cubic meters of gas by 2015. Nord Stream had previously been exclusively a Russo-German affair - one of many deals that other European countries and companies had signed with Russia in recent years, leaving France out in the cold. (See "For Europe and Russia, Breaking Up Is Hard...
According to German Medina, who has advised presidential campaigns for over 15 years and is currently head of strategy for Fajardo's campaign, Colombians tend to vote for a candidate and not their party. So who will the die-hard Uribe fans gravitate toward? "They are a block of ice that hasn't wanted to move. But with Uribe gone, it will melt, and the question is: To whom will the waters flow?" says Alvaro Forero, a political scientist and newspaper columnist...