Word: reasoner
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Dates: during 1990-1999
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...comment may have been the obvious palliative to throw out to the legions of labor activists - core Democratic party voters - in Seattle to protest, but it got U.S. trade negotiators in a panic. And with good reason. Within hours of the paper hitting the streets, delegations representing developing countries had dug in their heels, convinced that the world's most powerful trading nation planned to deny many of them their only competitive advantage - cheap labor. They vowed to block any progress on further trade liberalization, and claimed victory when the conference ended in failure late Friday. "Protesters weren...
...Despite the best "what-the-President-meant" spin efforts of his trade negotiating team, the specter of labor conditions being used as a reason to block imports to the U.S. from developing countries prompted their leaders to block any progress. In the end, Washington was unable to win even the relatively nebulous commitment - agreed upon by its most important rival trading bloc, the European Union - to form a WTO working group on the issue of labor rights. Thus the pitfalls of an organization whose decision-making process demands absolute consensus...
...over issues such as agriculture subsidies gave the developing countries plenty of room to maneuver. In the end, the industrialized nations found shackled by domestic political concerns. European governments were bound by their electorates' concerns over everything from protecting the livelihood of farmers to genetically modified food as reason to fight tooth and nail against any moves to open up their produce markets. President Clinton tried at the last minute to get the G7 heads of state to come to Seattle to generate the political momentum necessary for a breakthrough, but they politely declined...
...Another reason for the slowdown is large e-mail inboxes. Every time a person logs into the Pine mail program, his or her inbox is accessed. Bigger inboxes take longer to open and thus put more stress on the server...
...unemployment figures are the most important of all economic indicators," says TIME senior business writer Bernard Baumohl. "It indicates both the strength of the economy and the potential for inflation, and Friday's report showed a healthy economy with no sign of inflation. That means the Fed has no reason to raise interest rates at least through the first quarter of next year...