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...senator should know better. The Smoot-Hawley Tariff Act of 1930, perhaps the best-known protectionist law in history, erected tariff barriers for over 20,000 products after the Wall Street crash in 1929. It may have gotten the lawmakers that passed it reelected, given the short-term boost in domestic demand, but it was a cataclysmic event for the global economy in the medium and long run: Countries soon became entangled in a protectionist race and subsequent trade war that caused American foreign trade (imports and exports) to almost halve. According to Milton Friedman, it created a perfect storm...

Author: By Pierpaolo Barbieri | Title: Don't Buy American | 3/5/2009 | See Source »

...tenants for the sake of having tenants,” Mellone said. “But I think the best way to play in for the future of the neighborhood is to look at academic uses...if this works out, this could be a great big quality of life boost for everyone...

Author: By Vidya B. Viswanathan and Peter F. Zhu, CRIMSON STAFF WRITERSS | Title: Residents Protest Vacancies in Allston | 3/5/2009 | See Source »

...Rather, if public service is to become a more attractive option, the government must ensure that career advancement is a real possibility. Here, some inspiration may be taken from the elite military academies. The prestige and concrete career boost conferred on West Point graduates—they start out as second lieutenants after graduation, rather than privates—motivates students and assures them of being properly valued in the military...

Author: By Anita J Joseph | Title: Serving My Country—and Me | 3/4/2009 | See Source »

...similar career boost for bright students would be helpful in government. The public sector already has plenty of institutions that do the job of a West Point in the form of high-ranking government and public-service schools. The government would be well-served by starting a “Public Service Fellows” program in which students who graduate magna cum laude are put on an official career fast track. Of course, this does not mean that such graduates should be blindly promoted regardless of competence. But simply giving a promise of open doors and professional attention ahead...

Author: By Anita J Joseph | Title: Serving My Country—and Me | 3/4/2009 | See Source »

...value of Chinese food exports has expanded by a factor of nearly 6 over the past two decades, from $4.5 billion in 1986 to $25.7 billion in 2006, and governments around the world are demanding that Beijing boost the safety of what it produces. In 2006, after more than 100 people died in Panama upon consuming cough medicine that contained toxic diethylene glycol from China, the mainland's food- and product-safety problems became an international concern. Adulterated wheat gluten from China was blamed for the death of thousands of pets in North America in 2007. That year...

Author: /time Magazine | Title: Will China's New Food-Safety Laws Work? | 3/3/2009 | See Source »

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