Word: america
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Dates: during 2000-2009
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Insider trading hasn't always been a crime. On the contrary, it was once considered logical and efficient to let any competitive advantage inform decision-making in the free market - a position many economic libertarians continue to embrace today. What some consider to be America's first insider-trading scandal took place shortly after the nation's birth; a former Assistant Treasury Secretary named William Duer capitalized on his government connections to make bets on the country's debt. His investments eventually soured, however, and Duer's bankruptcy brought down much of New York's economy in 1792; he died...
...weak dollar is helping America's exports. But it is also spooking holders of U.S. debt, whose continued purchases of U.S. Treasury bills allow Washington to fund its deficit spending. Last week, the International Monetary Fund (IMF) announced that the Reserve Bank of India had bought 200 tons of IMF gold reserves, the biggest single purchase by a central bank in 30 years. That pushed the price of gold past $1,100 an ounce, the latest record breaker in a string of new highs, as the market anticipated gold buying by other central banks to hedge against a falling dollar...
Europe in Step? Michael Elliott's article "The Next Step" misunderstands the major issues that concern Britain, the Lisbon Treaty and membership of the European Union as a whole: the principles of sovereignty, democracy, transparency and accountability [Oct. 19]. Elliott refers to how convenient it would be for America, France and Germany if Britain, Poland and the Czech Republic "fall into line soon." That phrase should fill the people of Europe with dread. Democratic nations are a collection of people who are governed by those chosen to serve them. The majority of the people of Britain have no confidence...
What lessons can the current President learn from that achievement? Even if Barack Obama tries to make peace with the mullahs of Iran or with insurgents in Afghanistan, as Reagan did with the U.S.S.R., there's no guarantee he'll succeed. The threats facing America cannot be willed away. Defusing them will ultimately require the mix of firm resolve and patient diplomacy practiced by successful American statesmen throughout the Cold War. Reagan's gift was his ability to speak candidly about the realities of the age while still presenting, and working toward, an optimistic vision of the future. He sensed...
Grayson kicked off his big controversy by taking charts to the floor of the House, which makes for better video. Republicans, he said, have a "health-care plan for America: 'Don't get sick.'" He then added that they also had a plan for the sick: "Die quickly." It was an instant online sensation, with more YouTube viewers than Grayson got votes in his home district. He offered up more bombast, calling a Federal Reserve Board staffer who is a former lobbyist a "K Street whore" and calling Republicans "foot-dragging, knuckle-dragging Neanderthals" on CNN. The liberal online...