Word: importance
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Dates: during 2000-2009
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...Byrd Amendment—a cynical piece of special-interest pork if there ever was one—will soon, with any luck, meet its well-deserved demise. The 2000 law gave the money raised from import duties on foreign steel to American steel companies, effectively adding another layer of trade protection in the form of an industry subsidy. But last week, the World Trade Organization (WTO) cleared the way for punitive sanctions against American exports, which will hopefully coerce the United States to trade freely and fairly in the future...
...LikeABike, a German import, prepares kids ages 2 to 5 for the real thing by teaching them first how to balance on two wheels; $279 at likeabikeusa.com...
...China's import requirements will continue to rise--putting upward pressure on world crude prices. If China's oil demand keeps growing an average 7% a year, as it has since 1990, in less than 20 years the country will consume 21 million bbl. of oil a day, matching current U.S. consumption. "The world has the oil," says Chen Huai of China's Development Research Center, a think tank in Beijing run by China's Cabinet, "and China has the money." The question is, how much is China--and the world--willing to pay for it? --With reporting by Susan...
...says it will not allow large-scale reimportation of prescription drugs from Canada, where they are 60% to 70% cheaper, unless the U.S. can guarantee that they are safe. Critics call the Bush policy a delaying tactic designed to protect drug companies' profits. The federal Task Force on Drug Importation must submit its report on safety by Dec. 8. When it does, Thompson could authorize reimportation, a move that would appease those who clamored for it during the campaign. Drugmakers, meanwhile, trying to block an end run around their U.S. business, have warned that a flood of Canadian drugs would...
...Americans, while 500,000 kids lose their afterschool programs. He cut benefits for veterans, many of whom lost arms and legs while fighting for their country, something Kerry vowed to reverse. Bush chose profits for drug companies as opposed to affordable prescription drugs for seniors, while Kerry promised to import lower-cost drugs and provide health care for all Americans. Kerry wanted to fight for the average American, the mother who’s struggling to find time with her kids while working two jobs to pay her rent while her husband’s in Iraq...