Word: stern
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...sort of reverse Manifest Destiny, American sports leagues are looking east to grow, and have zeroed in on Europe as a fertile frontier. "You can play the music and buy the CD, but the band has to tour occasionally," NBA Commissioner David Stern told TIME. "This is a way of cementing our connection with the fans...
...international business operations. The league derives 10% of its revenue from foreign markets, and basketball is already the third most-played team sport in Britain, and the second for under-18s. "I've been around long enough to see when the stars are coming into alignment," the NBA's Stern said. "We're not there yet, but I'm beginning to sense...
...long succeeded in imposing quotas on sugar imported from the Caribbean, though it is one of the islands' crops of comparative advantage. European governments, with the French at the fore, have always sought protection for their farmers as a way of preserving the rural environment and village life. Nick Stern, chief economist of the World Bank, recently estimated that total agricultural subsidies in the rich world were worth $300 billion a year--about equal to all the economies in sub-Saharan Africa...
...textile industry, ably defended over the years by Senators Jesse Helms and Ernest Hollings of the Carolinas, has long been one of the most aggressive lobbies for tariffs and quotas. Such protection hurts more people than it helps. Stern calls agricultural subsidies "a rip-off" for citizens of rich countries, who have to pay higher prices and taxes than they would in a world where goods were traded freely. But those hurt by free trade--farmers and textile workers who might have to shift jobs--are always easier for politicians to identify and support than the much larger number...
Students who stepped out of the drizzle yesterday and into the tent on the Science Center lawn yesterday were welcomed with music, Hebrew name bracelets, and free falafel. iFest, the annual celebration of Israeli culture, drew about 500 people, said event organizer Dana A. Stern ’09. “It’s a chance to bring the beauty of Israel’s society and Israel’s history to the greater student body,” said Stern, president of Harvard Students for Israel (HSI). Tables were set up around the edge...