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Amidst the rush of our workaday lives, many of us lack the time to ponder exactly what trade is and why it benefits us. Yet, the answer is short and sweet. Trade means voluntary exchange between human beings, where "exchange" is meant in the broadest possible sense. Economists are usually interested in the kind of exchange that involves goods, services, currency and financial assets. Nonetheless, the logic of these "economic" exchanges is identical to the logic of every kind of nonviolent social interaction...

Author: By Stephen R. Piraino, | Title: Free Trade's Next Frontier | 3/6/2001 | See Source »

Folks, don't be surprised if you get your hand slapped by the sweet lady behind the counter the next time you go for seconds of General Wong's chicken...

Author: By Justin D. Gest, | Title: Please, Sir, I Want Some More | 3/5/2001 | See Source »

...phrase: totally insane. To bring steady electricity to one of its most industrialized states, India twice negotiated and signed a deal in the 1990s with Enron to build a major power plant. It's now obvious the deal was far too sweet for the Americans, and India wasn't ready to distribute the juice rationally anyway. The result: consumers in Maharashtra like Treasurer can't afford the electricity bills anymore. (He's considering closing his 36-year-old business.) And since consumers aren't paying up, the state-owned electricity company has also been stiffing Enron since November. Last month...

Author: /time Magazine | Title: Bright Lights, Big Bill | 2/26/2001 | See Source »

...Bill "Government Property" Clinton, was no foreign relations master. As the joke goes, Clinton's idea of foreign relations is sex with the Asian intern. The joke may be crude, but the point is real. In truth, Clinton's conception of foreign policy consisted, for the most part, of sweet-talking the world into liking him and, by extension, America. This was basically the same as Reagan's conception of foreign relations, although Reagan's idea of a foreign nation was New York...

Author: By Joshua I. Weiner, | Title: False Sense of Security | 2/21/2001 | See Source »

Overall, DCA is a swank new version of the company's standard sentimental anachronism: nostalgia for an America that never was, for an innocence unclouded by pain or compromise. If that sounds too sweet, then go to an Eminem concert. But there's something tonic about this pretty, compact version of the freeway reality that's just outside the gate. The very notion of getting around California on foot may make a guest giddy. So let the "real" California suffer the brownout blues. At this splendid Disney adventure, visitors need never stop glowing...

Author: /time Magazine | Title: The Golden State Shines Like New | 2/19/2001 | See Source »

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