February 2009

Tempers in Morocco are rising as demonstrations by unemployed graduates enter their fourth month – though this is actually a current flare-up of a simmering resentment that goes back several years. The graduates are again laying siege to the offices of the ruling party, demanding public sector jobs. The government says it can no longer guarantee public sector employment, formerly considered a birthright. [click to continue…]

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Biofuels and Trade War

by Charles Krakoff on February 25, 2009

in Crisis, Trade

Like the drag-racing teenagers in Rebel Without a Cause, we are playing a dangerous game with apparent ignorance or disregard of the potential dangers. The European Commission is about to decide at its March 3 meeting whether to impose temporary anti-dumping and anti-subsidy tariffs on imports of U.S. biodiesel in response to America’s $1 per gallon tax credit for biodiesel producers. [click to continue…]

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Even before this week’s Economist came out with “The Collapse of Manufacturing,” emblazoned on its cover, I had been thinking about manufacturing. Actually, I have been thinking about it for a long time. I love going to factories, seeing massive pieces of equipment, hearing the clang of machinery, feeling the heat from molten glass and metal, seeing how they put the filling between halves of an Oreo cookie, and watching people dressed like extras in a James Bond movie padding around in a silent clean room in their sterile slippers, making silicon wafers. [click to continue…]

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It’s official.  The middle class, long disdained by the likes of Pete Seeger (“And they all live in boxes and they all look just the same”) and Jacques Brel (“The bourgeois are like pigs; the older they get the stupider they get”), is cool.  [click to continue…]

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I read in today’s paper that another massive investor fraud has been revealed, this one allegedly perpetrated to the tune of $8 billion by Sir Allen Stanford, a Texas billionaire who owns the Antigua-based Stanford International Bank. My first question, of course, was how a Texas billionaire becomes a knight of the realm, [click to continue…]

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