Word: luxembourg
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...stop car manufacturers like Toyota and BMW from pulling out of the sport anyway (Honda had quit at the end of 2008.) That leaves only three major carmakers - Ferrari (owned by Fiat), Mercedes-Benz and Renault (though the latter recently sold a majority stake in the racing team to Luxembourg investment firm Genii Capital) - still in F1. "The sport just wasn't delivering the value," says John Howett, head of Toyota Motor Sports. For the new season, some of the old names have been replaced by entrepreneurs with more dash than cash. Ecclestone calls the new teams "out of their...
...truth is that our planet still has the potential to surprise us. On Feb. 26, a team of French and Australian scientists reported news of a huge iceberg's collision with the Mertz Glacier on the eastern coast of Antarctica. A chunk of sea ice approximately the size of Luxembourg was gouged out. Owing in part to warming global temperatures, Antarctica is losing ice all the time--about 24 cu. mi. (100 cu km) worth each year--a development that is slowly but steadily raising global sea levels, and scientists worry that climate change could suddenly accelerate that vast melting...
...member states - Austria, Hungary, France, Greece, Germany and Luxembourg - ban the cultivation of GM maize on their territories. The bans were declared illegal in a World Trade Organization panel ruling in 2006, following a case brought by the U.S., Canada and Argentina. The WTO said the national safeguards were not based, as required, on scientific assessment of the risks. In the face of fierce member-state opposition, though, the E.U. has yet to fully implement the WTO's ruling. (See pictures of immigration in Europe...
...move angered Eastern European and Scandinavian countries, which see it as an attempt to impose a two-state directoire on the E.U. The Benelux countries, meanwhile, are throwing their support behind their own Prime Ministers - Herman Van Rompuy of Belgium, Peter Balkenende of Holland and Jean-Claude Juncker of Luxembourg. (See pictures of Nicolas Sarkozy...
...seen his stock plummet - despite his celebrity, charisma and leadership qualities - since he was first mentioned as a contender for the job years ago. Now, the front-runners appear to be three low-key "fixers": Belgian Prime Minister Herman Van Rompuy, Dutch Prime Minister Jan Peter Balkenende and Luxembourg Prime Minister Jean-Claude Juncker. While all three may be somewhat bland and anonymous even in their home countries, they appeal to a growing number of E.U. countries - in particular the smaller ones - because they would excel at operating behind the scenes. (Read: "Opposition Grows to Tony Blair...