Word: tariff
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Dates: during 2000-2009
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Europe's overhaul of its sugar-tariff regime in November and the resulting 4.5 million-ton decline in its exports have exacerbated shortages. Now sugar users in the U.S. are clamoring for the government to drop its quotas after last year's hurricanes drove the already artificially high domestic price up 25˘ a pound in a year. By law, the U.S. Department of Agriculture can't allow more than 1 million tons of sugar imports annually without a change in policy. Says USDA senior economist Larry Salathe: "It certainly looks like we're going to need...
Even if there is an agreement, it may not be the breakthrough Africa is waiting for, say critics. Europe wants to exclude some products from its tariff cuts, and the U.S. proposal would effectively ease subsidies 2% by renaming existing supports or disguising them as other payments. "It's a case of smoke and mirrors," says Céline Charveriat, head of Oxfam's Make Trade Fair campaign. "If this offer goes ahead, trade-distorting domestic subsidies will remain almost completely unchanged...
...Even if there is an agreement, it may not be the breakthrough Africa is waiting for, say critics. Europe wants to exclude some products from its tariff cuts, and the U.S. proposal would effectively ease subsidies 2% by renaming existing supports or disguising them as other payments. "It's a case of smoke and mirrors," says C?line Charveriat, head of Oxfam's Make Trade Fair campaign. "If this offer goes ahead, trade-distorting domestic subsidies will remain almost completely unchanged...
...global trade remains inherently unfair, tilted in favor of the U.S. and the E.U., which have long set the agenda. Failure to correct the flaws means that the politics of trade will just get nastier. The global economy stands to lose out, too. It's widely assumed that new tariff cuts and the removal of trade barriers would substantially boost growth. Estimates of the size of that boost vary widely, from labor union economists, who say it would be minimal, to the University of Michigan, which figures a reduction of trade barriers by even one-third would increase global economic...
...reasons why:10. Unleash your creativity: Teaching doesn’t have to fit the stereotype presented in that classic movie of 1986 (anyone? anyone?): “Ferris Bueller’s Day Off.” No topic (except perhaps the Hawley-Smoot Tariff Act) can prevent good teachers from constructing lesson plans that pique their students’ curiosity. All-star educators can explain the difference between capitalism and communism with a bag of M&M’s and can start any history lesson with an article from the day’s newspaper...