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首页 [经济学人2005].The.Economist.-.2005-04-23.pdf

[经济学人2005].The.Economist.-.2005-04-23.pdf

[经济学人2005].The.Economist.-.2005…

上传者: 刹那芳华的爱 2012-02-21 评分 5 0 168 23 764 暂无简介 简介 举报

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itsmutualstatusSeearticlePernodRicard,theworld'sthirdlargestspiritsfirm,isteamingupwithFortuneBrandstobuyAlliedDomecq,thesecondbiggestdistiller,foraround$billioninstockandcashSeearticleTheworld'sbiggestcarmaker,GeneralMotors,lost$billioninthequarter,itsworstquarterlylosssinceItalsoabandoneditsprofitforecastfortheyearFordMotorsaidquarterlynetincomefellbyto$billionSeearticlePfizer,theworld'slargestdrugmaker,saidquarterlyearningsdroppedbyto$m,duetoataxchargeandcoststosuspendsalesofadrugMeanwhile,EliLillyreportedanincrease,earning$mJohnsonJohnsonannouncedrecordprofitsandsales,andRocheHoldingpostedajumpinquarterlyrevenueAmerica'sSupremeCourtheardargumentsthisweekinacasebetweenMerck,aGermandrugfirmunrelatedtotheAmericancompany,andIntegraLifeSciences,amedicaldevicefirm,overtheleewayresearchershavetousetechnologieswithoutinfringingpatentsSeearticleTimeWarnerandComcast,America'stwobiggestcabletelevisionfirms,agreedtobuytheirfifthlargestrival,bankruptAdelphiaCommunications,for$billionTheirofferbeatalastminutebidfromCablevision,asmallercableTVcompanyViacomsaidquarterlyprofitfellbyalmostto$monlowerrevenueatitsCBStelevisionunit,butthecompanycitedarevenuegaininitscablenetworksdivisionViacomreiterateditisconsideringabreakupintoabroadcastTVentityandcableunitsAdobeSystemssaiditwillacquireMacromediafor$billioninstock,adealthatunitestwoofthelargestdigitaldocumentandonlinepublishingfirmsAdobe'sPDFformatisastandardfordocumentsoncomputers,andMacromediamakes“flash”animationforwebpagesLookingchipperThechipmakerIntelsaidquarterlyprofitsrosebyaroundto$billiononrevenueof$billion,asignofincreaseddemandforhigherendcomputersThefirmalsoraiseditsprofitmarginexpectationsSeearticleEbay'sfirstquarterprofitsroseto$monrevenueof$billiononstronginternationalsales,whichmaysoonsurpassthoseinAmericaConradBlackresignedasbossofRavelston,aprivatefirmthroughwhichheranhismediaempireuntilarevoltinonepartofit,HollingerInternational,byminorityshareholdersRavelstonisseekingbankruptcyprotectionUSAirwaysisreportedlyinmergertalkswithAmericaWesttocreateanationallowcostairlineAmergercouldbethefirststepinairlineindustryconsolidationContinentalAir'squarterlylosswidenedto$mduetofuelcostsandcompetitionRoyalDutchShellGroupissellingitsinterestinthepowerplantInterGenfor$billiontotheprivateequityarmsofAmericanInternationalGroupandtheOntarioTeachers'PensionPlanJPMorganChase'snetincomerosebyto$billionandrevenueincreasedbyinthequarterboostedbyitsacquisitionofBankOneBankofAmericahitrecordquarterlyearningsof$billion,upby,thanksinparttoitsacquisitionofFleetBostonaswellastradinggainsHopespringseternalRAG,aGermanminingconglomerate,appliedtoopenacoalmineinNorthRhineWestphaliathatwouldcreate,jobsandproducemtonnesayearSomebelievetheplanismotivatedbystateelectionsinMay,becausebymostestimatesitcostsmoretoproducecoalinGermanythanitsmarketvalueChina'sgrossdomesticproductgrewbyinthequartercomparedtoayearearlier,fuelledbysurgingdomesticdemandAmongthegainswasagrowthininvestmentinfixedassetsSeearticleNewhousingstartsinAmericaplungedby,thebiggestmonthlydropinmorethanyears,accordingtotheCommerceDepartmentThefallfuelsfearsthatthehousingboommaybeslowingSeearticleUpanddownAmerica'sconsumerpriceindexjumpedbyalargerthanexpectedinMarch,increasingworriesaboutinflationThegain,thelargestinfivemonths,suggestscompaniesarepassingalonghighercostsofenergyandothercommoditiesSeearticleCopyrightTheEconomistNewspaperandTheEconomistGroupAllrightsreservedPoliticsthisweekAprstFromTheEconomistprinteditionNewpopeTheconclaveofcardinalselectedanewpope,CardinalJosephRatzinger,whotookthenameBenedictXVIThechoicepleasedtraditionalistsbutdismayedliberals:CardinalRatzinger,anarchconservativeGerman,wasJohnPaulII'schieftheologicalenforcerSeearticleSilvioBerlusconiresignedasprimeministerofItaly,withtheaimofreformingagovernmentwiththesamecentrerightpartiesThekerfufflewastriggeredbythecentreright'sappallingperformanceinrecentregionalelectionsSeearticleIntheBasquecountry'sregionalelection,themoderatenationalistrulingpartylostgroundandtheSocialistsgainedseatsTheSpanishgovernmenthailedtheelectionassignallingtheendofmovestowardsBasqueindependence,thoughitalsosaiditwaswillingtokeepnegotiatingwiththeBasquesSeearticleInCyprus,TurkishCypriotsreturnedMehmetAliTalataspresidentinplaceoftheveteranobstructionist,RaufDenktashMrTalatiskeenonreunificationoftheisland,buthisGreekCypriotcounterpart,TassosPapadopoulos,isnowtheintransigentpartySeearticleBickeringwithintheFrenchgovernmentoverthefalteringcampaignforayesvoteinitsEUreferendumintensifiedwhenDominiquedeVillepin,theinteriorminister,suggestedthatFrancemightneedanewprimeminister(eg,himself)JeanPierreRaffarin,theincumbent,latersaidthathehadbroughtMrdeVillepinbackintolineSeearticlePowersharingNearlythreemonthsafterageneralelection,Iraq'sprimeministerdesignate,IbrahimalJaafari,waspoisedtoappointagovernmentinwhichShiaandSunniArabsandKurdsshareoutthetopjobsTheoutgoinginterimprimeminister,IyadAllawi,narrowlyescapedassassinationbyasuicidebomberAPInoneoftheworstclashesinAfghanistaninrecentmonths,USforcesreactedtoarocketattackononeoftheirbasesbyblastinginsurgentswithrockets,bombsandartillery,killingatleastAfterbeingnominatedasLebanon'sprimeminister,NajibMikati,aSunniMuslimwhoisamoderatelyproSyrianMP,namedacabinetinwhichbothproSyrianloyalistsandoppositionbackedfigureswhowantSyriatokeepoutofLebanonhavebigpostsSomeArabIranianswerereportedtohavebeenarrestedinAhwaz,inthesouthernprovinceofKhuzestan,afterriotsfollowedpublicationofaletterallegedtohavebeenwrittenbythegovernment(whichdeniesit)sayingthattheprovincewouldbereorganisedtodilutethestrengthoftheArabpopulationandtochangeArabplacenamestoPersianonesSudansaidithadfound“abundant”quantitiesofoilinitswesternregionofDarfurTheSudanesegovernment'scampaignofethniccleansingagainstnonArabsinDarfurcontinuedAnexiledoppositionleaderfromEquatorialGuineawasreportedmissingandpossiblymurderedThecountry'sdespoticregimehadaccusedSeveroMotoofbeingbehindanallegedcoupplotlastyearUnrestinEcuadorEcuador'sCongressvotedtooustthecountry'selectedpresident,LucioGutiérrez,whotookrefugeintheBrazilianembassyinthecapital,QuitoAlfredoPalacio,thevicepresident,wassworninashisreplacementSeearticleCanada'sminorityLiberalgovernmentpublishedalongawaitedforeignpolicyreviewItproposestoconcentratedefenceeffortsonNorthAmericaandtargetaidmorecloselyThereviewcameamidtalkthattheoppositionwillseektobringdownthegovernment,triggeringanelectionTheFARCguerrillasbesiegedasmallAndeanIndiantowninsouthernColombia,killingatleastsevenpoliceandtroopsandasmallboy,andwoundingdozensofpeopleAUnitedNationsdelegationvisitedHaitiandsaidthatmoresecuritywasneededifanelectionistobeheldonscheduleinNovemberJeffordsandHydeSenatorJimJeffords,whodesertedtheRepublicanstobecomeanindependentin,announcedhewouldretireattheendof,creatingthefirstopenseatinVermontsinceHenryHyde,anantiabortionstalwartandoneofthecongressmenwholedtheattempttoimpeachBillClinton,isalsogoingRepublicansontheethicscommitteeintheHouseofRepresentativesagreedtoopenaninvestigationintoallegationsofwrongdoingbyTomDeLay,themajorityleaderSeearticleEPAInablowtoGeorgeBush,aSenatecommitteepostponed,untilnextmonth,avoteonthenominationofJohnBoltontobecomethenextAmericanambassadortotheUnitedNationsTheWhiteHousemoanedabouttheDemocratsdraggingup“unfoundedallegations”America'slargestteachers'union,TheNationalEducationAssociation,filedalawsuitthatwouldallowschooldistrictstooptoutofGeorgeBush'sNoChildLeftBehindActunlessthefederalgovernmentpaysforthereformsAnendinsightChina'sgovernmentcalledforanendtoantiJapanprotestsHowever,itdidnotapologisetoJapanfordamagedonetoitsdiplomaticmissionsbystonethrowingmobsTheJapaneseforeignminister,NobutakaMachimura,saidbothsideswereworkingpositivelytoachieveameetingbetweenJapan'sprimeminister,JunichiroKoizumi,andChina'spresident,HuJintaoSeearticleNorthKoreaclaimedtohaveshutdownanuclearreactor,promptingfearsthatitmightreprocessnuclearfueltomakemoreatomicweaponsANorthKoreandiplomatsaidthecountryplannedto“increaseourdeterrent"againstmilitarystrikes”InthePhilippines,thegovernmentandaseparatistMuslimrebelgroupsaidtheyhadmadesignificantprogresstowardsendingaslowburningyearinsurgencyAhumanrightsgroupaccusedMyanmar'sarmyofusingchemicalweaponsagainstrebelsonitsnorthernborderThemilitarygovernmentdeclinedtocommentAreportbyAmnestyInternationalclaimsthatmorethan,politicalprisonershavebeendetainedinNepalsincethekingseizedpowerReutersCopyrightTheEconomistNewspaperandTheEconomistGroupAllrightsreservedEnvironmentaleconomicsRescuingenvironmentalismAprstFromTheEconomistprinteditionMarketforcescouldprovetheenvironment'sbestfriendifonlygreenscouldlearntolovethemGetarticlebackground“THEenvironmentalmovement'sfoundationalconcepts,itsmethodforframinglegislativeproposals,anditsveryinstitutionsareoutmodedTodayenvironmentalismisjustanotherspecialinterest”ThosedamningwordscomenotfromanyindustrylobbyorrightwingthinktankTheyaredrawnfrom“TheDeathofEnvironmentalism”,aninfluentialessaypublishedrecentlybytwogreenswithimpeccablecredentialsTheyclaimthatenvironmentalgroupsarepoliticallyadriftanddreadfullyoutoftouchTheyarerightInAmerica,greenshavesufferedastringofdefeatsonhighprofileissuesTheyarelosingthebattletopreventoildrillinginAlaska'swildlands,andhavefailedtosparkthepublic'simaginationoverglobalwarmingEventhestridentlyungreenGeorgeBushhasfailedtogalvanisetheenvironmentalmovementThesolution,arguemanyeldersofthesect,istostepbackfromdaytodaypoliticsandpoliciesand“energise”ordinarypunterswithtalkofglobalwarmingcalamitiesandaradical“visionofthefuturecommensuratewiththemagnitudeofthecrisis”Europe'sgreengroups,whilepoliticallystronger,arealsostartingtolosetheirwayintellectuallyConsider,forexample,theirinvocationofthewoolly“precautionaryprinciple”todemoniseanycomplextechnology(nextgenerationnuclearplants,say,orgeneticallymodifiedcrops)thattheydonotlikethelookofAmoresensiblegreenanalysisofnuclearpowerwouldweighits(veryhigh)economiccostsand(fairlylow)safetyrisksagainsttheimportantbenefitofgeneratingelectricitywithnogreenhousegasemissionsSmallvictoriesandbiggerdefeatsThecomingintoforceoftheUN'sKyotoprotocolonclimatechangemightseemavictoryforEurope'sgreens,butitactuallymasksalargerfailureThemostpromisingaspectofthetreatyitsinnovativeuseofmarketbasedinstrumentssuchascarbonemissionstradingwasresistedtoothandnailbyEurope'sgreensWithcourageousexceptions,AmericangreengroupsalsoremaindeeplysuspiciousofmarketforcesIfenvironmentalgroupscontinuetorejectpragmaticsolutionsandinsteaddrifttowardUtopian(ordystopian)visionsofthefuture,theywilllosethebattleofideasAndthatwouldbeapity,fortheworldwouldbenefitfromhavingathoughtfulgreenmovementItwouldalsobeironic,becausefarreachingadvancesarea

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