DQ response

I need a response to a DQ that is due tonight. I had another "tutor" all set to assist with these tasks, however that person could not assist in a timely manner. A good quality response will lead to additional DQ's for this coming week as well as final assignment. DQ responses must be 

Here is the Discussion Question (DQ):

How does the approach to privacy differ in the United States from Europe?  What are the implications for businesses who have offices overseas?  In other words, why is it important to understand the differences between the two approaches?

Here are links to three articles to get you started (you may have to copy and paste into new windows):
http://politicsandpolicy.org/article/european-union-and-internet-data-privacy
http://resources.infosecinstitute.com/differences-privacy-laws-in-eu-and-us/
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2271442