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...time to shed the Bush-era belief that diplomacy doesn’t work. Unlike outright military coercion, simple diplomacy is a powerful tool whose countless successes greatly outnumber its failures. Although the Iranian Revolution and the Iranian hostage crisis of 1979 still leave many Americans bitter, the time for holding grudges has passed. Simply put, the potential for economic benefits, a more stable Middle East, and—perhaps most importantly—saving American soldiers’ lives are simply too great for the US to overlook, even in the face of such a gross offense to international...

Author: By Matthew H. Ghazarian | Title: It’s Diplomacy, Stupid! | 1/28/2009 | See Source »

...become a tool for fighting the recession. Putting Fiat with Chrysler together is an excuse for letting tens of thousand of people go. The same would be true with a Pfizer deal to pick up Wyeth.These mergers do more to destroy the overall economy than they do to create new products and services which might help restart demand from customers and haul the economy out of its hole...

Author: /time Magazine | Title: Pfizer and Wyeth: A Merger as a Way to Fire People | 1/23/2009 | See Source »

...Mergers have become the tool of tearing the heart out of a recovery...

Author: /time Magazine | Title: Pfizer and Wyeth: A Merger as a Way to Fire People | 1/23/2009 | See Source »

...firms furiously denounced the Socialist's 1998 work-week reduction, and last year's law change allows employers to force staff to work longer hours. But most bosses appear to have stuck with the shorter week, to avoid disputes with leisure-loving employees, and, it seems, as a useful tool in dealing with the growing economic downturn...

Author: /time Magazine | Title: Why France's 35 Hour Week Won't Die | 1/22/2009 | See Source »

...traditional tariff is not the only tool governments are using these days to influence trade. More important perhaps is the financial support that states are offering to industrial firms to aid them in the global competition for a shrinking pool of consumer demand. Most obvious of these steps was Washington's $17 billion bailout of the U.S. auto industry. Now American steelmakers are lobbying the incoming Obama Administration to include "Buy America" provisions in the proposed government stimulus package, to favor their own steel over foreign imports. A state development fund in Taiwan is raising $6 billion to aid companies...

Author: /time Magazine | Title: The Threat of a Global Trade War | 1/19/2009 | See Source »

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