Word: hardding
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...Actually no, as the Australian Communications and Media Authority (ACMA) is finding out the hard way. The ACMA, Canberra's equivalent of the U.S. Federal Communications Commission, put together such a list and sent it to more than a dozen companies. It was part of a trial program to develop software that would allow Australian ISPs to block the sites. But to ACMA's evident surprise, at least one person who received the list handed it over to Wikileaks, an online clearinghouse for anonymous submissions of sensitive material. The ACMA "blacklist," as it became known, was promptly posted online, becoming...
...last forever - and then winter descends. Americans are, bless us, energetic grasshoppers as well as energetic ants, a sui generis crossbreed, which is why we've been so successful as a nation. Our moxie comes in two basic types. We possess the Yankee virtues embodied by the founders: sobriety, hard work, practical ingenuity, common sense, fair play. And then there's our wilder, faster and looser side, that packet of attributes that makes us American instead of Canadian: impatient, hell-bent, self-invented gamblers, with a weakness for blue smoke and mirrors. A certain fired-up imprudence was present from...
...least, they were. The economic crisis has hit world trade hard. Ports throughout the world are dramatically less busy than they were just a few months ago; air traffic is way down. Exports from Japan were almost 50% less in February compared with the same month in 2008; China's exports were down 26% in February. The World Trade Organization is predicting global trade will shrink by 9% this year, the steepest annual decline since World War II. This contraction is not only deep, it is also a latter-day rarity: global trade has increased continuously year after year since...
...main culprits are not hard to divine. As households in the rich world, battered by a collapse in the values of their assets, start saving again, their appetite for new cars and consumer electronics has diminished. And as banks try to rebuild their shattered balance sheets, capital that would once have been used to finance trade is staying in their vaults...
...countries, but never mind.) Free-traders scream: No! It is imports, not exports, that are the whole point of trade; we trade precisely so we can enjoy those goods in whose production others have a comparative advantage. But that message is not easy to get across in hard times...