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...fallacies of the principal myth peddled by the free-market fundamentalists demonstrates their dogmatism. In contrast to their conviction that markets freed from state meddling have engineered record growth, we see that the 1980s and 1990s, both decades of especially unfettered capitalism, were the second-slowest and slowest periods of real global growth since World War II, respectively (3.3 percent in the 1980s and 2.3 percent in the 1990s versus 4.9 percent from 1950-1973). In the same vein, the economist Branko Milanovic has argued that “the record of the last two decades (1978-1998) is shown...

Author: By Adaner Usmani | Title: An Anti-Capitalist Primer | 11/29/2007 | See Source »

...remember, to our detriment as a nation. Slow learners receive most of the attention, and huge sums of money are allotted to educate them. If students are bright, they are left pretty much on their own. In integrated classes, they are forced to learn at the pace of the slowest. We need to raise the bar. There are exceptions to the rule, but on the whole not enough attention is paid to bright children. They need special classes too--and more money spent on them...

Author: /time Magazine | Title: Inbox: Sep. 10, 2007 | 8/30/2007 | See Source »

...city's entire health care system, of course, was thrown into turmoil by Katrina. But psychiatric services have been perhaps the slowest to recover. Seven regional state-run outpatient clinics are operating, with limited services, but of the 200-plus psychiatric beds that existed in the city prior to Katrina, only 20 are in service at the moment. The number of psychiatrists and psychologists has dwindled and, despite a federally funded recruitment program, hospitals report difficulty finding doctors and nurses who specialize in mental health. All this at a time when, mental health experts say, the actual number of people...

Author: /time Magazine | Title: Another Breakdown in New Orleans | 5/15/2007 | See Source »

...That image, however, is not some deep-seated French mentality; instead it is the product of the same economic malaise that has led hundreds of thousands of young and talented French citizens to leave France and seek success abroad. France has the slowest?growing large economy in Europe, the fastest-rising public debt in western Europe over the past ten years, and its 22% youth unemployment rate is one of the highest on the continent. Sarkozy was chosen by an electorate looking to cure the malaise. Assuming he has the courage his predecessors have not had to withstand the inevitable...

Author: /time Magazine | Title: Why the Young French Diaspora Loves Sarko | 5/9/2007 | See Source »

...solution might be an automated syrup dispenser, which for now sits in the Starbucks R&D lab but could speed up, among other things, the production of blender-made Frappuccinos. That goal was given fresh urgency in July when same-store sales for the month rose 4%, the slowest pace in nearly five years. The reason, said management: hot weather increased demand for cold drinks, and stores couldn't keep up. Customers saw long lines and kept on walking. It was a rare financial miss, and Starbucks' stock dropped 9% on the news (it's still up more than...

Author: /time Magazine | Title: The Big Gulp at Starbucks | 12/10/2006 | See Source »

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