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...Europe. Secretary of State Condoleezza Rice met last week with the finance ministers of Britain and Germany, where, according to a U.S. Treasury study, Iranian-government banks operate branches to handle funds generated by the oil trade. The U.S. wants non-Iranian banks to stop facilitating Tehran's money flow. A senior official involved in devising the strategy told TIME, "It's about convincing financial institutions not to deal with bad guys, because they're worried about their own reputations...

Author: /time Magazine | Title: A Financial Hit on Iran? | 4/24/2006 | See Source »

...rate adjusts and American products become more competitive. Though our $202 billion trade deficit with China is unsustainable and must be dealt with, the lessons of Ec10 must be heeded. Although trade barriers may boost domestic industry and lower the unemployment rate in some sectors, they choke off the flow of cheap imports into the U.S. The increase in the cost of living far outweighs the gains made by keeping uncompetitive businesses afloat. In other words, though a seamstress may have lost her job to China, everybody’s getting cheaper clothes. The onus is on policymakers to help...

Author: By The Crimson Staff, | Title: An Economic Doomsday Machine | 4/24/2006 | See Source »

...Fair Trade for All Your capsule history of economic globalization [March 27] outlined the ebb and flow of trade among nations over the centuries. The worst feature of this century's globalization is that it is fast dividing the world into front-yard and backyard countries. To survive in the new world, huge populations living in the second category are being forced to take newly outsourced jobs that are at odds with their culture and undercut their self-esteem. The anger of people whose countries have only superficially benefited from globalization is rising. Jamal A. Khan Islamabad...

Author: /time Magazine | Title: Letters | 4/22/2006 | See Source »

...good enough for someone who’s even touched Bowie, it’s good enough for me.The first thing I noticed when a buddy—my “bodyguard”—and I walked into Om was a silky sheet of water flowing down the reception wall. My friend touched it, and expressed amazement at the consistent flow of the yellow-lit ripples. He’s a math concentrator.The second thing I noticed was the publicist. Welcoming us with the cheer of a Mercedes dealer, she told us to enjoy the food...

Author: By Michael A. Mohammed, CRIMSON STAFF WRITER | Title: Hotspot: OM | 4/22/2006 | See Source »

...under a different Palestinian regime. In that vein, we hope that the U.S. and Europe pressure other nations to follow their lead and cease their funding of the Hamas-operated Palestinian Authority (PA). Nevertheless, supporting the Palestinian people is a noble goal; therefore, humanitarian aid should continue to flow through organizations such as the Red Cross and Red Crescent. Following the attacks, Israel could have launched a campaign of retribution and broad destruction of Palestinian infrastructure. Rather, Israeli Prime Minister Ehud Olmert took measured steps to stop travel in select, dangerous areas of the West Bank and to target only...

Author: By The Crimson Staff, | Title: The Plight Of Palestine | 4/21/2006 | See Source »

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