Word: protectionists
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...market. Asians and Arabs hold an awful lot of U.S. dollars, and if they can't spend them on property in the U.S., they will surely make their investments elsewhere, taking with them jobs and opportunities that would have come to the U.S. Finally, if punitive protectionist measures-tariffs, for example-are taken against the Chinese and others, prices will rise and the American standard of living will decline...
...Home Team corollary: actors comprise the largest Academy contingent. A long-standing grievance of the Screen Actors Guild is "runaway productions": movies shot abroad, especially in Canada, that ship jobs out of the U.S. Thus there may be some protectionist resentment against Brokeback, which is set in Wyoming and Texas but was shot mostly in Alberta. This would tilt the Best Picture vote to Crash, a low-budget, L.A.-made movie that?s so teeming with speaking parts it seems to have employed half the SAG members in Southern California...
...majority of Academy members live in or near Los Angeles, and actors make up the largest voting contingent. A long-standing grievance of the Screen Actors Guild (SAG) is "runaway productions": movies shot abroad, especially in Canada, that ship jobs out of the U.S. Thus there may be some protectionist resentment against Brokeback, which is set in Wyoming and Texas but was shot mostly in Alberta. This would tilt the Best Picture vote to Crash, a low-budget, L.A.-made movie that has--as one of its stars and producers, Don Cheadle, boasted a month ago when the film...
...Lakshmi Mittal's audacious bid for Europe's steel giant Arcelor - were business leaders from the private sector, already building brands (as very few Chinese firms yet have done) with a global reputation. This speaks to a significant difference in the Chinese and Indian economies. Mittal may have spurred protectionist talk from some European politicians, but at least his bid for Arcelor cannot be dismissed on the grounds that he is merely a stalking horse for his home nation's government. Yet that (and with reason) was the fate of the Chinese oil company cnooc, when it tried...
Sugar shortages are leaving a bitter aftertaste. Bad weather and rising energy costs have pushed raw sugar to its highest world price in a decade, about 15¢ a pound. In the U.S., a protectionist trade policy has made the situation even worse. "The 1 million-ton gap between sugar supply and demand will only grow more dire," says Sergey Gudoshnikov, a senior economist at the International Sugar Organization...