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Such a targeted type of program has a good shot at doing what it sets out to do. The downside: intervening in the economy in such a precise way is almost by definition not expandable. Cash for Caulkers would give building contractors a boost, but they represent a small slice of the economy. To next help out, say, bakers, policymakers would have to design a brand-new program. Plus, if such a program had an expiration date, we'd feel not just a rise in demand, but a fall later on as well. Car manufacturers and the people who work...
Strength coach Craig Fitzgerald left Harvard almost a year ago, but it seems his fear-inspiring legacy just won?...
Mexico is in the throes of its bloodiest drug war ever. There have been almost 11,000 narco-related slayings in the past two years. Because the nation's police forces are so corrupt - many cops moonlight for Mexico's $25 billion drug-trafficking industry - informants are especially important to interdiction efforts. (They helped cops last week locate a sophisticated, 260-yard narco-tunnel beneath Tijuana that almost reached the U.S. border.) Despite that, Mexican officials concede they have an utterly inadequate witness-protection system in place. "There is a vacuum regarding the rules and how to operate a witness...
...ensured a larger landslide this time. Critics foresaw macroeconomic disaster three years ago when Morales, fulfilling a campaign promise, nationalized Bolivia's vast natural-gas reserves. Among the doubters was the International Monetary Fund (IMF) in Washington. Today the IMF is hailing Bolivia's projected economic growth rate of almost 3%, one of the hemisphere's highest, as well as the fact that the country's economy has averaged almost 5% annual growth since Morales came to office, Bolivia's best performance in three decades. "Bolivia is the most profound example that the conventional wisdom of economic growth - that...
...outside the presidential palace in La Paz Sunday night, Dec. 6, seemed to celebrate Bolivia's indigenous past as well as its first indigenous President. Banners and T-shirts sported the faces not only of Che but of Tupac Katari, the leader of an 18th century Aymara uprising that almost drove out the Spanish colonizers. Katari was eventually captured and drawn and quartered, but before dying, he warned, "I will return, and I will be made of millions." His quote has been oft repeated since Morales won his first term, and it will no doubt be heard again throughout...