In The News

Switzerland Pays Price for Isolationism

Joshua Gallu December 5, 2008
Switzerland has long been known as “a custodian of the world’s wealth,” but the recent credit crunch has hit all banks hard and Swiss policies of isolation have not made the nation immune against effects of the economic downturn. The Swiss franc is losing value to the dollar, and the Swiss economy is expected to contract. Swiss bank UBS faced the biggest losses in Europe and had to be aided with...

After US Breakthrough, Europe Looks in Mirror

Steven Erlanger November 21, 2008
Minorities all over Europe look to Barack Obama’s election as US president, with hope of one day achieving similar success, but most are skeptical of such change taking place in their respective countries. Nations such as France, Germany, the UK and Italy struggle to handle growing minority populations and their integration into society. There is small, if any, minority representation in Europe’s...

Evicted from Coastal Homes

Dave Bull November 10, 2008
Spain’s 1988 "Ley de la costa," forbids homes within 550 yards of the coast, and the government is taking action to enforce the law. Owners may get leases, up to 60 years, to use the property, but can’t resell. Some analysts suggest the government is less forceful with developers and owners of commercial properties. Up to 500,000 homes are threatened, and complicating matters is many...

The World Looks to Obama – Part III

Shada Islam November 10, 2008
Enthusiastic and relieved, Europe joins the impromptu global celebration of Barack Obama’s election as US president, but problems lurk. This YaleGlobal series examines reactions from around the world, and in the third and final article of the series, journalist Shada Islam reports on how Europe anticipates a stronger transatlantic alliance with greater openness, multilateralism and respect. But...

Globalization Battle Plays Out in French Cheese Industry

Matthew Saltmarsh October 24, 2008
A great product can’t help but inspire others to follow suit. But as copies emerge, quality often declines, and such is the case with great cheeses produced and aged in France, according to traditional cheesemakers. Matthew Saltmarsh profiles Philippe Alléosse in Paris, who worries “industrial processes – from sourcing through production and distribution – are squeezing small farmers and...

New Immigration Rules: “A Plan for More Segregation”

Ferda Ataman October 17, 2008
The 27 nations of the European Union formally approved an immigration policy designed to crack down on illegal immigrants but attract qualified guest workers. Europe, hoping to boost flailing public pension programs, seeks a greater share of talented immigrants who now head for the US, Australia or Canada. Only 5 percent now head to Europe, and priority will be given to talented workers who...

Icelandic Shoppers Splurge as Currency Woes Reduce Food Imports

Chad Thomas October 14, 2008
Three major Icelandic banks have collapsed, raising uncertainty about Iceland’s currency and ability to repay loans. Inventories of goods, including food and clothing, are shrinking. The island nation must import most food and other products, while the “government has asked banks to prioritize foreign currency transactions for essentials such as food, drugs and oil,” explains Chad Thomas,...