Word: steels
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...Bush promised "to end tariffs and break down barriers everywhere, entirely, so the whole world trades in freedom." Now, political reality has settled in. By March 6, President Bush must make one of the thorniest decisions of his presidency: whether or not to erect hefty tariffs on cheap imported steel to protect the withering U.S. steel industry. And the smart money in Washington has him opting for the tariffs...
...reason may be that domestic steel manufacturers are cratering - nearly 30 have declared bankruptcy since 1998. This week, the United Steelworkers of America is set to release a study claiming that inaction would cost 300,000 American jobs. Then, of course, there's politics. Steel is vital in the key battleground states of Pennsylvania, Ohio and West Virginia...
...Internally, Bush's economic, foreign and trade policy advisers are warning the President that a high tariff could spark a nasty trade spat with U.S. allies. But most of his domestic and political advisers are telling him protecting U.S. steel is the right thing to do. Bush may try to split the difference with a modest tariff, but both the union and the manufacturers insist that a half-measure won't suffice. One sign that Bush takes the issue seriously: He added it to Vice President Dick Cheney's portfolio. The steelworkers will hold a rally this week in Washington...
...mosque in Finsbury Park epitomizes the British attitude. It is the sort of place where you can buy stomach-turning videos (lots of throat slitting) made by Islamic extremist groups. The sermons of Abu Hamza al-Masri, the mosque's one-eyed, steel-clawed imam, continually stress the importance of jihad. Baker says the mosque is dominated by adherents of Takfir wal Hijra, the neo-fascist Islamic ideology influential among European operatives of al-Qaeda. However extreme its message, Finsbury Park is undeniably popular. At midday prayers on a recent Friday, Abu Hamza preached to a congregation of about...
...insurance of lower- and middle-income Americans; restoring the eligibility of legal immigrants to food stamps; providing a $1 billion increase in education to help low-income students meet rigorous new reading and math standards. At the same time, corporate subsidies such as loan guarantees for wealthy shipbuilders and steel manufacturers are reduced or eliminated throughout the budget...