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There are at least two answers to this question. One is that Americans with money are the kids in the global candy store; they want everything, and they buy everything, laying waste to the environment and helping enact political policies that help the rich get even richer. In this model, rich Americans will never give up their God-given right to buy a hulking new six-burner range even if they never cook...

Author: /time Magazine | Title: Recession Psychology: We Will Spend Again | 4/15/2009 | See Source »

...Washington Every Country for Itself Despite a pledge not to enact new protectionist policies--which economists say could worsen the global recession--17 of the G-20 countries have implemented such measures in recent months, according to the World Bank. Individual nations' attempts to preserve jobs and industries through tariffs or subsidies "can lead to a negative spiral of events," according to the bank's president. In its report, the bank says 47 separate isolationist measures have been put in place since November...

Author: /time Magazine | Title: The World | 4/7/2009 | See Source »

...fury over AIG executives' bonuses is heightened by the overall anonymity of those behind the broader economic collapse, for which no one is being held responsible [March 30]. However understandable, this scapegoating distracts from the bigger problem and may debilitate the political will to enact appropriate legislation. Connell J. Maguire RIVIERA BEACH...

Author: /time Magazine | Title: Inbox | 4/7/2009 | See Source »

...Control Commission in 1967, aimed at helping addicts get clean. After the program proved too costly and ineffective, New York launched the Methadone Maintenance Program, which similarly caused little reduction in drug use. But by 1973, calls for stricter penalties had grown too loud to ignore, prompting Albany to enact legislation that created mandatory minimum sentences of 15 years to life for possession of four ounces of narcotics - about the same as a sentence for second-degree murder. The statutes became known as the Rockefeller Drug Laws - a milestone in America's war on drugs and the subject...

Author: /time Magazine | Title: New York's Rockefeller Drug Laws | 4/2/2009 | See Source »

...maintain their habits." According to Paterson, just 16% had a history of violence. "And so really," he says, "you're shipping off a generation." In 1979, the laws were amended, reducing penalties for marijuana posession. But despite the ongoing criticism in New York, other states began to enact laws to deal with their own drug problems. In 1978, for example, Michigan passed its infamous "650-lifer" law which required judges to incarcerate drug offenders convicted of delivering more than 650 grams of narcotics. Also, in 1987, Minnesota passed laws that imprisoned offenders for at least four years for crack cocaine...

Author: /time Magazine | Title: New York's Rockefeller Drug Laws | 4/2/2009 | See Source »

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