Word: traded
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...Wall Street crash in 1929. It may have gotten the lawmakers that passed it reelected, given the short-term boost in domestic demand, but it was a cataclysmic event for the global economy in the medium and long run: Countries soon became entangled in a protectionist race and subsequent trade war that caused American foreign trade (imports and exports) to almost halve. According to Milton Friedman, it created a perfect storm that turned a severe contraction into a depression of global proportions that only ended through world...
...Democrat to win Florida in a presidential election in 64 years. Cuban-American leaders could use more help in their shrinking corner - especially after a new Florida International University (FIU) poll showed that, for the first time, a majority of Miami Cubans oppose continuing the 47-year-old U.S. trade embargo against Havana. And so the more than 150,000 Venezuelans now living in South Florida - a third of whom have arrived since Chávez took office in 1999 - have come at a good time for the state's GOP and the hard-line Cuban-American exile community...
This year's FIU poll concerning the trade embargo - adamantly supported by Ros-Lehtinen and the Diaz-Balarts - could be an even better indicator that the political base on which the Cuban-American lawmakers relied for so long may be eroding. In the survey, two-thirds of Miami Cuban-Americans said the U.S. should re-establish formal diplomatic ties with Cuba. "The demographics of the Cuban-American community are changing," says Guarione Diaz, president of the Cuban American National Council, referring to what appears to be a shift away from the hard line on Cuba favored by the previous Administration...
...months since that blast, the rebirth of Mutannabi Street has also been well documented by both journalists and politicians. With its Ottoman architecture and once lively trade, it was a picturesque and perhaps obvious barometer for the city. Iraqi Prime Minister Nouri al-Maliki held a reopening ribbon-cutting ceremony at the end of last year. The image he hoped to project was that Baghdad was no longer a city where intellectuals were marked for murder, where university professors lived in fear or fled. The idea was that Baghdad was increasingly a safe and functional place. Which it is. There...
...That's not as straightforward as it sounds. Habits are influenced by economics - poorer Scots drink more - and the country's bracing northern climate. Northern peoples tend to drink without food, says Paul Waterson, chief executive of the Scottish Licensed Trade Association, which represents pubs, hotels, clubs and other licensees. "Sticking some tables and chairs outside a Scottish pub doesn't mean you'll get southern European drinking." He supports the government's new initiative but adds, "You can't change a culture by law." That's a sobering thought indeed for Scottish legislators...