Word: centralization
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Figuring out exactly what's happening and then reacting accordingly falls to the European Central Bank and its president, Jean-Claude Trichet. The bank has been nervous about inflation all year, but earlier this month it slashed its lending rates by 0.5% to 3.75% as part of a coordinated rate cut by the world's biggest central banks. Riches-Flores expects the bank to cut rates further in the near future as the economy slows. At the weekend, the E.U.'s Commissioner for Economic and Monetary Affairs, Joaquín Almunia, even called for monetary easing "in the near term...
Dublin, Ireland Inside a black-and-white half-timbered building in central Dublin late last month, some 9,000 people - from plumbers to bankers - gathered with a common purpose: finding a new job. Almost all "were skilled, professional people," says Stephen McLarnon, who runs the firm that put on the event, and they were "looking to make a committed move." And a long-distance one. At the Down Under Expo, a forum for recruitment agencies and immigration officials, the prize for job hunters was a new start, not in Ireland, but in Australia or New Zealand...
...prominent national LGBT advocacy groups—the Log Cabin Republicans and the Stonewall Democrats—the night’s discussion centered on gay marriage, “Don’t Ask Don’t Tell,” federal AIDS funding, and other issues central to LGBT communities nationwide. “It was meant to be an exposition of the issues on both sides, to get people excited about this election,” said Clayton W. Brooks III ’10, one of the debate’s organizers. Jeffery Kwong...
...Eastern Economic Review and Britain’s Daily Telegraph who wrote a best-selling book on the Taliban, said that the group has become a regional security problem—not just an Afghani one—and that it is causing instability in much of central Asia. “The Taliban has become a kind of brand now, not just of extremism but a model of society,” Rashid said. That “brand” largely moved into tribal areas of Pakistan after the American invasion of Afghanistan in 2001. There, they trained...
...Those are the questions central to a federal lawsuit filed this month by New York City's teachers union. The United Federation of Teachers has sought a temporary restraining order against a district policy that bars teachers from wearing campaign buttons in the city's public schools. The prohibition, union officials argue, is a violation of teachers' First Amendment rights to free speech and political expression. "It doesn't matter whether you support Obama or Republican Senator John McCain," UFT president Randi Weingarten said at a press conference. "As voters, we all should have the right to express our views...