Word: wises
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President Obama has announced an executive pay cap at some companies taking federal bailout money. A wise move...
...mildly, wise spending of such aid is not a given. Pakistan has a long history of corruption, so any leverage the U.S. has over Zardari might be used to ensure that he runs a clean administration and rebuilds Pakistan's institutions. Leaders of the reformist lawyers movement that helped undermine Musharraf, for example, say Zardari hasn't yet restored the courts' independence...
...enemies. It's hard to imagine when he'll have a better opportunity. Nothing in the historical record suggests that when Congress has more time to deliberate--and more time to confer with special-interest lobbyists and local-interest political advisers--it enacts fair tax policies, sustainable energy policies, wise infrastructure policies, responsible fiscal policies or any other policies tainted by long-term thinking or national-interest considerations. If Obama wants to push 21st century change through Capitol Hill, he needs to use this emergency...
Cacao is among the world's most labor-intensive crops. Harvested fruit is sliced open with machetes, and the seeds are then scooped out by hand, placed in fermentation boxes and covered with banana leaves for three to four days. "Technology-wise, we haven't left the 18th century," says Rosenberg. "It is a process that cannot be industrialized." Silvino Reyes, who owns another hacienda, La Concepción, agrees: "Although Venezuelan cacao can sell for close to $2,500 per ton, our production level is the same as three centuries ago." That is, about 15,000 tons a year...
...have decided that their strategy would be to take this as an opportunity to be aggressive and to invest in the future and in junior faculty,” said James H. Stock, chair of Harvard’s economics department. “I think that those are wise decisions...