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...strategy should be a drastically revised social safety net for American workers. By offering universal health insurance and government-subsidized pension reform, Washington would relieve U.S. companies of those two burdens. Also helpful would be wage insurance, which would soften the blow for laid-off workers forced to take lower-paying jobs, and a turbo-charged government effort to promote new industries (like alternative fuels) to provide high-paying jobs. These ideas would cost money and demand higher taxes, which horrifies the economic-freedom crowd. They also don't address foreign ownership of U.S. assets. Still, if middle-class Americans...
...Clovis people were the first to arrive. They came, according to the theory, no more than 12,000 years B.P. (before the present), walking across the dry land that connected modern Russia and Alaska at the end of the last ice age, when sea level was hundreds of feet lower than it is today. From there, the earliest immigrants would have made their way south through an ice-free corridor that geologists know cut through what are now the Yukon and Mackenzie river valleys, then along the eastern flank of the Canadian Rockies to the continental...
...comes down to this: today T-bonds yield 4.6%--2.6 percentage points higher than TIPS' after-inflation yield. So the market is betting that inflation will average 2.6% a year over 10 years. If you want to own bonds and think inflation will be lower, choose T-bonds. Otherwise, take TIPS, and sleep better. [This article contains a table. Please see hardcopy of magazine.] Inflation Beaters
...leftist puritanical geese on the Faculty. Apparently he thought being the president of America’s oldest and most prominent university gave him the right to do something other than fundraising—even the right to exercise his First Amendment rights. So in the spring of 2002, lower Manhattan was still a blackened gash left by Islamo-Nazis, and suicide bombers were murdering Israeli grandparents and children at their seder tables. The deduction: Harvard should divest from companies that do business with Israel, honked the herd. (Some European geese—may they get bird flu?...
...www.bnobc.com). The final release is expected next week. Some 70 neighborhood groups, divided into 13 planning districts, attended a meeting with the mayor last month and have until late May to submit rebuilding plans in each area of the city. Already, neighborhood associations from heavily damaged areas like the lower Ninth Ward, Gentilly and Lakeview are tracking down residents, finding out who is returning and what services are needed. (For a complete list of neighborhood meetings, go to Preservation Resource Center of New Orleans at www.prcno.org...