Word: tradeã
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...Senator Obama’s plan is not perfect. We are concerned about his support for agricultural subsidies, which distort the global market for food and prevent developing countries from being able to earn foreign exchange. His lukewarm stance on free trade??including a vague promise to “renegotiate” NAFTA and his refusal to support free trade agreements with important allies like South Korea—is also a cause for concern. But compared to the economic plan of his rival, a self-proclaimed “footsoldier in the Reagan Revolution...
...more generally came from the continent, where rates were especially low. The money would then be converted into the local currency, the krona, and invested for a higher return in real estate and business both in and beyond Iceland. The result is what economists call “carry trade??—currency arbitrage and speculative investment highly susceptible to liquidity crises. Whereas banking sector assets accounted for 96 percent of GDP in 2000, they were over 10 times GDP this year. Furthermore, external debt in the form of foreign deposits in Icelandic banks was over...
...weeks leading up to Commencement, the surface serenity of Harvard’s underpopulated campus hid a fearsome black market. This prohibited trade??sometimes thinly disguised but often overt—made up a substantial portion of the traffic on house and open lists. Though in past years the University administration has threatened to Ad Board any students caught engaging in this prohibited activity, students continue out of desperation for this highly sought-after commodity...
...course examined both financial ties—the ways in which the University might have profited from slavery and the slave trade??and personal ties—how individuals connected to Harvard supported slavery or worked to abolish...
...college education, his policies will hurt the very families that they aim to help by weakening the economy.” Weatherl said Obama’s plans to allow the Bush tax cuts to expire and to enact policies that would “fail to allow free trade?? would weaken the economy, forcing recent college graduates further into debt. Although the issue of tuition costs was ranked most important among issues related to higher education, respondents were nearly equally divided over whether the federal government should intervene to control tuition at private and public colleges. Forty...