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...Inevitably, Western Europe and the U.S. will become less competitive in the expanded global labor market, and their paychecks will shrink as work migrates to places where it can be done for lower pay. They will need a safety net to catch them. "Displaced workers deserve retraining," says Stephen Roach, for what he calls "the inevitable global labor arbitrage." American policymakers could borrow a page here from European nations, who have been much more successful and imaginative at building social safety nets...

Author: /time Magazine | Title: Coping Strategies | 7/19/2007 | See Source »

...good news is that we know the way forward. "The best response from the high-wage developed world is to uncover new sources of job creation rather than protect the old ones," says Morgan Stanley's chief economist, Stephen Roach. "That's precisely what worked when farmers were displaced by the Industrial Revolution, when sweatshop workers lost their jobs to automated assembly lines, and when the U.S. Rust Bowl was hollowed out in the early 1980s." Former U.S. Treasury Secretary Robert Rubin agrees, but when he talks about the economic challenges facing the U.S., his tone takes on an edge...

Author: /time Magazine | Title: Coping Strategies | 7/19/2007 | See Source »

...months. "I truly feel that Mayweather Jr. needs a humbling experience," said De La Hoya. "I'm gonna beat you 'til you respect me, I'm gonna beat you 'til you call me Pretty," said Mayweather. "Don't miss this one, it might not be too long," warned Freddie Roach, De La Hoya's trainer. But it was not to be. De La Hoya had been the aggressor throughout the tactically riveting fight, but he only landed 21 percent of his punches. In a split decision the victory went to Mayweather. "He was rough and tough, but he couldn...

Author: /time Magazine | Title: Mayweather Wins, and So Does Boxing | 5/6/2007 | See Source »

...fight, De La Hoya's accurate blows and powerful left hook could wear Mayweather down--if he can catch him. Mayweather zips around the ring like a mosquito, throwing quick punches and darting backward before his opponent can counter. De La Hoya's trainer, Freddie Roach, is teaching his fighter to attack when Mayweather crosses his feet, which puts him slightly off balance. "Floyd is so fast, Oscar has to react to it right away," Roach says...

Author: /time Magazine | Title: Will the De La Hoya-Mayweather Fight Save Boxing? | 4/26/2007 | See Source »

STIFF: THE CURIOUS LIVES OF HUMAN CADAVERS by Mary Roach I picked up this book and was rewarded with two cold, dead feet in my face. It wasn’t pleasant. I have to say the juxtaposition of “Lives” and “Cadavers” is clever, though. Why someone would want to read about dead human bodies is mildly unsettling, and the author’s last name, Roach, in bold, bright red letters, doesn’t make the book any more enticing. In fact, the combination of the two only...

Author: By Victoria D. Sung, CRIMSON STAFF WRITER | Title: BY ITS COVER | 3/15/2007 | See Source »

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