August 2001 Vol.4, No. 7 Contents The G8 and the Elephant in the Living Room by Melvin Rhodes Restoration...A Blueprint for Prosperity by Darris McNeely Free Trade Area of the Americas - What Will Happen to Latin America? by Fred Nance Dancing With Indecency by Cecil E. Maranville Excerpts From Good News Radio: Are We Living in the Time of the End? by Gary Petty In Brief... World News Review by Tom Kirkpatrick, Cecil E. Maranville and L. Jim Tuck This Is the Way... No Fishin' Allowed in School by Robin Webber In Brief...World News Review Fallout of the GE-Honeywell Deal-That-Wasn't: Further Evidence of U.S.-EU Rift? Hands-On Parents-Key to Curbing Teen Alcohol Abuse Better Living Standard Doesn't Equal Better Living Why Has China Pressed So Hard for the Olympics? Fear of Global Recession Strengthened by New Report Fallout of the GE-Honeywell Deal-That-Wasn't: Further Evidence of U.S.-EU Rift? The European Commission's recent unanimous rejection of a proposed merger between two American companies threatens to widen the rift between Europe and the United States. On July 3, the 20-member Commission, which is the executive body of the 15-nation European Union, voted to prohibit a proposed $45 billion merger between General Electric and Honeywell, International, both headquartered in the United States. It was the first time in the Commission's history that it had killed a business merger (already approved by the U.S. Department of Justice) involving two U.S. companies. The fact that a European regulatory body could prohibit a merger of two U.S. companies came as a surprise to many Americans. The news of the deal being killed, reported ironically on July 4, American Independence Day, makes U.S. sovereignty seem somehow less absolute than before. "Welcome to globalization," explained Time magazine (July 8). "Multinational companies are required to follow the laws of all the countries in which they operate. Because global companies affect markets far beyond their headquarters, both EU and U.S. antitrust authorities review the mergers of foreign companies with substantial activities within their jurisdiction." The European Commission has exercised jurisdiction since 1990 over all mergers between firms with combined annual revenues of $4.2 billion, of which $212 million must be within Europe. The proposed merger of GE and Honeywell far exceeded those thresholds. GE alone had $25 billion in European revenue last year, and employs 85,000 people in Europe. Read the full article at www.wnponline.org/wnp/wnp0108/inbrief0108.htm Related Information on UCG Sites: Table of Contents that includes "World News Review Aug 2001" Trade: _Trade With China - Road to Utopia or Conflict? _Free Trade Area of the Americas - What Will Happen to Latin America? _The World's Number One Exporting Nation _What's Next for the World Economy: Possible Trade War? Alcohol: _Teens Pursue Spirituality, But Without God? _Keys to a Healthy, Long Life _Why a Loving God Allows Suffering _World News and Trends - Jan/Feb 1998 _World News and Trends - Nov/Dec 1998 _Coming: An End to Suffering _Divorce's Devastating Impact on Children _The Bible's Keys to Mental Health _Should You Drink Wine? _Questions and Answers - Mar/Apr 2004 _Breaking Free from Addictions _Christian Values Under Attack _Questions and Answers - Jan/Mar/2005 _Maturity: Coming Soon to a Mind Near You _Teens and Alcohol China: _The Abortion Debate - More Heated, More Divisive Than Ever _A Gathering Storm _What to Watch to Discern the Times _World News Review August 1999 _World News Review September/October 1999 _World News Review January 2000 _World News Review February 2000 _The China-Taiwan Tinderbox _Is China Really "Opening Up" to the West? _Another Sea Gate Threatened? _Will America Go to War Over Taiwan? _World News Review August 2003 _World News Review November 2003 _World News Review Jan 2005 _China: The Lotus Flower Is Blossoming Again _Where Are America and Europe Really Headed? _A Downsized Lifestyle Is Coming - Will You Make the Adjustment? _When the Gas Pumps in Europe Run Dry _World News Review July 2005 _Where Are China and India Really Headed? _How Serious a Threat Could Iran Pose? _Russian Resurgence in a Unipolar World _World News Review August 2006 _North Korea's Nuclear Blast: What Does It Mean? _World News Review February 2007 _International Power Shifts Threaten the Western World _Symbolism Abounds in Transfer of Hong Kong _U.S. Election-Year Challenges Beyond President's Control _What Should We Watch to Discern the Times? _Who Benefits from the Panama Canal? _An Overview of Conditions Around the World - Sep/Oct 2000 _What Lies Ahead for U.S. Leadership? _An Overview of Conditions Around the World - Nov/Dec 2002 _World News and Trends - Jan/Feb 2004 _World News and Trends - Jul/Aug 2004 _World News and Trends - Jan/Feb 2005 _World News and Trends - May/Jun 2005 _World News and Trends - March/April 2006 _World News and Trends - July/August 2006 _World News and Trends - September/October 2006 _North Korean Nukes: What's Next? _World News and Trends - September/October 2007 _World News & Trends - November/December 2008 _World News & Trends Jan 2009 _Could the Dollar Fall? _The Enormous Expansion of Chinese Influence: What Does It Portend? Parenting teens: _From Father Knows Best to "No Father Is Best:" _World News Review Jul 2001 _Dancing With Indecency _The Mothers of 2015 _Teach Your Children About Finances _The Epidemic of Missing Fathers _The Seasons of Parenting _Creating Quality Time _Sibling Rivalry _A Foundation for Success _How Should We Treat Parents Who Are Difficult to Honor? _Teach Your Children God's Ways _'What I Expect From My Parents!' _Teaching Youth Religious Values _The Juggling Act _What Happened to the Family Meal? _When You and Your Parents Don't See Eye to Eye _Living With Siblings _Youth Violence: Who's to Blame? _What Parents Wish Their Teens Knew _Just For Youth: What Teens Wish Their Parents Knew _What Are Our Children Worth? _A Dramatic Shift in American Society _An Overview of Conditions Around the World - May/Jun 2001 _Illicit Sex: The Threat to Children _You Can Have Healthy Children - Here's How _What Will Tomorrow's Mothers Be Like? _Why Isn't Sex Safe? _Passing on Our Faith to Our Children _Handling Difficulties Discreetly _How Can We Pass Our Faith on to Our Children _Teach Your Children How to Pray _Teaching Values to Your Child: How to Make Wise Media Choices _Playing the 'Dad Card' _Secrets of Strong Fathers _Dining and Drugs: The Surprising Correlation _Borderline Christians: A New Generation _Paying for College Without Losing an Arm or a Leg _Forgiving Your Parents _When Parents and Friends Clash _Speaking of Family... _Living With One Parent _How to Raise YOUR Parents! _A Forgotten Treasure _Lessons from Jonesboro - Helping Our Children Express Their Feelings _Shaping the Heart and Soul _To My Loving Children (To Be Opened If I Die) U.S. economy: _The Achilles' Heel of Global Banking _Global Economics: From Kosovo to McDonalds _Deutschland AG Versus Corporate America _World News Review Dec 2000 _Greed Is the News of the Day _Hope Beyond the Headlines _Mortgage Bubble About to Burst? _A Looming EU-U.S. Trade War? _World News Review July 2004 _U.S. Troop Withdrawals -- What Do They Mean? _The Source of America's Bounty _The Housing Bubble: Making of a Banking Crisis? _Gross Domestic Product: Is It the Measuring Stick of Success? _Energy Costs, the Mideast and Illegals Are Americans' Biggest Concerns _Are Things Really Better Than We Think? _World News Review January 2007 _Is America in Financial Decline? _Generation Debt _Are We Living in a "9/10" Economy? _What's Behind the Falling Dollar? _World News Review February 2008 _World News Review March/April 2008 _Coping With the Current Housing Crisis _The Wealth of a Nation _"In God We Trust" _What Will the Next President Face? _Farewell to America as a Financial World Power _Mama Told Me... _Prayer for Success _Waves of Destruction _The Meaning of the Mortgage Meltdown _Map: Captivity Routes _The Global Economy's Uncertain Future _Sept. 11 Aftermath Highlights U.S. Strengths and Weaknesses _When Do I Get a Break? _Our World Is Rapidly Changing - in Ways Foretold by Bible Prophecy _World News and Trends - November/December 2006 _What Will It Mean for the West if Radical Islam Triumphs? _Are We Living in a '9/10' Economy? _Coping With a Growing Economic Crisis _World News and Trends - May/June 2008 _The Growing Economic Crisis: A Biblical Perspective _Dealing With Fear _When Nations Fall _Hands of Confusion _Vantage Point _America's Hope for Recovery: Real or Merely an Illusion? _An American Thanksgiving _Discerning This Time Search Our Site Key Subjects Index General Topics Index Biblical References Index Good News Magazine Index Booklets and All Literature Index Home Page of this site