Word: free-market
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Congress last week passed energy legislation costing $14.5 billion in tax credits and spending. Republicans hailed the bill for its free-market principles and support of less polluting energy sources. Democrats called it corporate welfare for the unclean and well-off fossil-fuel industries...
...People shop at Wal-Mart because it's cheaper. We look for better prices on clothes, appliances and vehicles. What's going to happen when China 's manufacturing powerhouse really kicks into gear? Protecting the U.S. economy will require extreme measures that are perhaps anathema to a free-market philosophy. Tariffs seem to be the next logical step. Another possibility is launching a propaganda campaign. If every television show had a 30-sec. piece featuring empty U.S. factories and dust blowing through American ghost towns, Chinese goods just might stop flying off the shelves. John A. Tardy Cordova, Tennessee...
...that, and his rising prestige in the region, to lead a political shift in Latin America that is buzzing like a Che Guevara souvenir convention. With the Bush Administration tied up in the global war on terrorism, Chávez and his allies have mounted an assault on U.S.-backed free-market reforms that are allegedly widening the gap between the region's rich and poor. Since Chávez was elected in 1998 (and again in a special 2000 election), leftist leaders like him have taken power or are leading voter polls in eight countries, including the two largest, Brazil...
...monetary policy. Indeed, they claim with some reason to have pioneered that stand as far back as 1983. Thus the French may find themselves for once on the same ideological side as the U.S. As one French official puts it, "The Americans are no longer the most stubbornly free-market oriented. The West Germans and the British...
President Reagan might argue that he was never all that stubborn. At five previous summits, Reagan's charm was an important unifying influence, even when his free-market stands led to ideological splits among the allies. But now that the U.S. has assumed a new, pragmatic role in economic summitry, the Great Communicator may prove to be even more beguiling in Tokyo. --By George Russell. Reported by Jay Branegan and Christopher Redman/Washington