Word: beef
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...hardly the first time McDonald's France has aligned itself with symbols alien to, and even at odds with America's own. In 1998, for example, the company ran a print ad campaign featuring overweight cowboys complaining about the fact that McDonald's France refuses to buy American beef but uses only French, to "guarantee maximum hygienic conditions" - an unsubtle effort to identify the Global Arches with European efforts to block the import of hormone-laced American beef...
...panic over bovine spongiform encephalopathy, commonly known as "mad cow" disease, spread all the way to Japan last year, where a handful of cases caused beef sales to plummet. The good news was that researchers using a mathematical model estimated that the brain-wasting BSE variant in humans may max out at 100 cases per year in Britain, ground zero for mad cow, and kill no more than a few thousand people in the coming decade. Feel any better...
Above all, though, Argentina is worth watching because it is a classic case of what economists call "the curse of resources." A century ago, thanks to beef, Argentina was a rich nation and granted itself the sort of social-welfare system that rich nations can afford. But like other places with generous endowments of natural resources--think of the oil-rich states of the Middle East--it has never been able to wean itself from a dependence on them; Argentina's main exports today are pretty much the same agricultural commodities they were 100 years ago. In the 1990s, sustained...
...usual scapegoats for crises in the developing world, have been conspicuous by their absence. If Duhalde's plan brings a degree of stability, the U.S. and others may be prepared to grant his government new loans. That would help. But until Argentines build an economy based less on beef than on brainpower, their century-old decline will never...
...Beef Joints...