Word: takings
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Dates: during 1990-1999
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...remember what we want to remember about Pete Rose: the player called Charlie Hustle running out walks, hurling himself head first to take an extra base, and breaking the most venerable record in baseball--Ty Cobb's 4,191 hits. Those memories are vivid, etched into our baseball consciousness, along with the exploits of immortals like Cobb, Ruth, Robinson and Mays, in whose Hall of Fame company Rose arguably belongs...
Last week in Los Angeles, the reformers learned just how ornery the current system can be. According to a plan released Tuesday by the L.A. school district, ending social promotion there will take at least four years, could cost hundreds of millions of dollars--and probably would require flunking about half the district's students...
There are answers to these questions, but they take a bit of background and a bit of persuading. Students of economics are led step by step through layers of reasoning until the moment they see the light. Skeptics think that the whole routine is like induction into a religious cult and that free trade is more like an article of religious faith than a sound policy recommendation. These skeptics are wrong, but their skepticism is understandable...
...contrast, budget-conscious clothes shoppers (maybe those same workers) who are able to save a few bucks on a new sweater are not likely to realize they are enjoying a bargain as a result of global trade or to take to the streets to defend their right to a cheap sweater. Or suppose the U.S. slaps a tariff on foreign sweaters and the foreign country retaliates by raising a tariff on something we're selling them--the people who would lose their jobs aren't even identifiable for sure, though for sure they exist. Likewise the people who lose jobs...
...people dial your 800 number and gripe about world trade. If a bunch of heads of government plan a triumphalist self-celebration in Seattle, you can't blame party poopers for showing up to horn in on the publicity. But really, the WTO is O.K. Do the math. Or take it on faith...