Word: marche
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Then, in an instant, everything changed. On March 12, Valdivieso received a memo explaining that the sagging national economy had forced the firm to defer his position for a year. Suddenly, with two months remaining in his law-school education, the 28-year-old found himself tantalizingly close to a degree and no place to apply...
When treasury secretary Tim Geithner rolled out his long-awaited plan for buying up toxic mortgage loans and securities on March 23, reaction was split. Financial markets cheered, with the Dow Jones industrial average rocketing 497 points, or 6.8%, on the day. The chattering classes mostly grumbled, with Princeton economist and New York Times columnist Paul Krugman gloomily leading the way: "It fills me with a sense of despair," he wrote of the plan before it was released but after many details had leaked...
...recent spike in illegal immigration by sea to the San Diego area. In the past five months, federal agents with U.S. Customs and Border Protection (CBP) have intercepted 14 boats and made 122 arrests. This year they are on pace to double their record arrest total for 2008. On March 19, a fishing boat was intercepted 33 miles (53 km) off the coast; 21 illegal immigrants were aboard, including a pregnant woman. The jump in sea crossings is mostly due to a clampdown at the land border between Tijuana and San Diego, which has become almost impassable thanks...
...Which makes the European Union's March 20 decision to include Belarus in its "Eastern Partnership" initiative all the more surprising. The program foresees deeper political and economic ties between Brussels and six former Soviet states: Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine. Closer ties, Europe hopes, will promote democracy and better human rights. (See pictures of the 2006 riots in Minsk...
What about protectionism? We've seen it in the past. We saw it in the 1930s. When I spoke to the U.S. Congress [on March 4], I said that protectionism in the end protects no one, because if trade falls, then more businesses collapse and more jobs go. You know, I come from the town where Adam Smith was born. Trade is the engine of so much of the growth we've had in the last few years. I believe protectionism is the road to ruin...