Word: trade
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Dates: during 1990-1999
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...West, the U.S. in particular, is heading toward a politics of human rights that supersedes the politics of established frontiers and, in some cases, laws. Substitute private property for frontiers and the Second Amendment for laws, and one begins to see that the politics of humanitarianism requires a trade-off involving the essential underpinnings of American life. To tell Americans what they can or cannot own and do in their homes is always a tricky business. As for the Second Amendment, it may pose an inconvenience for gun-control advocates, but no more an inconvenience than the First Amendment offers...
...well as guerrillas of the leftist National Liberation Army (ELN) and their foes, the right-wing paramilitaries. Until five years ago, these rebels were happy to charge drug producers a protection "tax." But according to McCaffery, both the rebels and their paramilitary rivals are moving directly into the trade. Using the profits--and yearly payoffs from the drug lords, which, according to McCaffery, run anywhere from $250 million to $600 million--the FARC and the ELN rebels have conquered nearly 40% of the country and inflicted one defeat after another on the Colombian government. "If we could cut off their...
FOOD FIGHT Roquefort cheese, truffles, chocolate bars, foie gras--the U.S. slapped 100% tariffs on these and other gourmet imports after Europe failed to lift its 10-year ban on American beef treated with growth hormones. The $116.8 million hit list, approved by the World Trade Organization, follows recent U.S. sanctions on items from coffee makers to cashmere over the E.U.'s discriminatory banana-import rules...
...knows for sure how many people day trade. But the number is way up from a few years ago, when this bull market kicked into high gear and the Internet began making it easy and cheap to buy and sell stocks. Barton Biggs, an analyst at Morgan Stanley Dean Witter, confirms and bemoans the trend in biting missives to clients about his plumber, who is so busy trading he won't come to fix a leaking pipe. I've written about the guy behind the deli counter leafing through Barron's for that day's stock trade. It's epidemic...
...some estimates, the number of folks who have quit their job to trade full time at day-trading firms is about 5,000--a relative pittance. But add in those who trade online at home or between meetings at the office, and you may have as many as 5 million. Technology makes it possible; the bull market makes it irresistible...