Word: nafta
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...cost of protectionism can be seen not only among users of steel but also among consumers of sugar. Influenced by generous campaign contributions from U.S. sugar producers, the Federal Government supports domestic prices and slaps tariffs as high as 242% on most sugar imports. Mexico and other signatories of NAFTA will eventually be spared such tariffs, but the system in place today keeps domestic sugar prices at 22[cents] per lb.--about three times the global-market price...
...Kaplan’s series, “Leaders Indicating Leading Indicators,” two separate paintings present the conflict between NAFTA and the Zapatistas of Chapas as a stark contrast between the urban and the rural, the supposedly civilized and the indigenous. One of the paintings is a straightforward representation of political leaders discussing current affairs; the other painting features childlike men and women wearing ski masks—worn by the Zapatistas as an act of solidarity—pointing to a vague clearing in the jungle. This clearing, Kaplan explains, represents the communities of native Mexicans...
...threat of further DEA action has prompted seven hemp companies to ask the Ninth Circuit Court of Appeals to block the rule. They say the DEA is effectively creating a new law, not interpreting existing statutes. A Canadian hemp firm has filed a claim saying the DEA is violating NAFTA by failing to provide scientific justification for a rule that "will be nothing short of an absolute ban on trade in hemp food." (The Canadian government has also formally objected.) The DEA's position is that U.S. drug laws clearly ban THC--any THC. The court's decision will turn...
...garment industry could use more companies like Charney's. Some 33,000 apparel jobs were lost last year as manufacturers, taking advantage of NAFTA, continued to move south of the border. Last fall the government eliminated tariffs for apparel made with U.S. fabric from 24 Caribbean basin nations, spurring more U.S. job losses. The industry's economics are so unforgiving that underwear giant Fruit of the Loom sought bankruptcy protection in 1999 and still hasn't emerged...
...race? BLACK: Although [Iain Duncan] Smith is an uncharismatic figure, in policy terms he's original and quite interesting. I rather like Kenneth [Clarke] as a person, but I have to agree with Margaret Thatcher that he would be a disaster. TIME: Why do you believe Britain should join NAFTA? BLACK: The political and cultural differences with Europe and comparitive similarities with the U.S. are such that Britain should not be subsumed into Europe. Secondly, Britain should not go back to pre-Thatcher levels of spending and taxation. TIME: Is it true you're obsessed with Napoleon? BLACK: Absolutely...