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Europe’s Great Leap of Faith

The New York Times The euro, the most audacious gamble in the history of currency, has become a reality. What will this crucial step toward unity mean for Europe, the United States and the world? The New York Times Op-Ed page asked several experts in economics and observers of European culture to offer their insights. […]

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Look Who Demands Profits Above All

Los Angeles Times Despite the populist rhetoric of this campaign season, many traditional Democrats are pushing companies to generate higher returns regardless of social responsibility. These Democrats may not mean to do it, but this is the practical consequence of how they’re saving for retirement. American teachers, civil servants, unionized workers, college professors and similar […]

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Predatory Pricing:

The biggest anti-trust suit since the Microsoft case is set to open in a federal court next month. The particular complaint is against American Airlines. Three of its smaller competitors — Vanguard, Sun Jet and Western Pacific — are accusing the huge airline of conducting a ruthless campaign to oust them from the Dallas-Fort Worth […]

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War Profiteering On Anthrax Meds

Depending on what terrorists do next, America could be on the verge of a public health catastrophe. The administration is moving belatedly to develop stocks of antibiotics to treat anthrax. The government is also looking to procure 300 million doses of smallpox vaccine to inoculate a new generation against a weaponized disease that was wiped […]

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Regulation is out, litigation is in

USA Today Among the hottest regulatory issues today are these: How to prevent kids from smoking cigarettes? What to do about the flood of handguns? How to end sweatshop labor in the apparel industry? How to cope with new kinds of market power in high-technology industries? In the old days, state legislatures or Congress would […]

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Your Job is Change

Fast Company The Web changes everything — including change. And it’s not just the Web. Digital technologies, wireless technologies, the Human Genome Project, complexity theory, and the emergence of new science have all changed how we think about change: why change has to happen in companies, how change happens, and, most important, who makes change […]

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Electrosoft:

Los Angeles Times Microsoft will not be broken up. There’s no chance the Bush administration will ask the Supreme Court to reverse Thursday’s federal appeals court rescue of the company. Instead, the case will go back to a new judge to decide how to respond to Microsoft’s monopoly without splitting it up. The best outcome: […]

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Corporate Power in Overdrive

The New York Times CAMBRIDGE, Mass. — With last week’s reversal of his campaign pledge to limit power plants’ emissions of carbon dioxide, a key contributor to global warming, President Bush surrendered to coal companies and utilities dependent on coal. He had little choice. It’s payback time, and every industry and trade association is busily […]

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There’s No Big Binge in Half a Point

LA Times Federal Reserve Chairman Alan Greenspan on Wednesday did exactly what he needed to do by dropping short-term interest rates another half-point, but it’s not enough. The Great Economic Slowdown of 2001 (let’s not call it a recession quite yet) came on partly because Greenspan raised short-term interest rates too high, starting in June […]

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