In The News

A Missing Statistic: U.S. Jobs That Went Overseas

Louis Uchitelle October 5, 2003
As US politicians blame each other for the country's high unemployment rate, a key question remains unanswered: how much of the recent job loss can be blamed on cheap overseas labor? Although estimates vary, most economists agree that of the 2.81 million jobs lost since the US economic slump began, at least fifteen percent have gone overseas. American companies can save as much as fifty...

Measure Would Alter Nuclear Nonproliferation Policy

R. Jeffrey Smith October 4, 2003
In an effort to reduce the threat of nuclear weapons, the US has made an effort to reduce global trade in bomb-grade uranium, which is often used for medical isotope production. In recent years, Washington has required isotope-producing firms to move towards use of low-enriched uranium, which has less destructive capabilities. But a provision in an energy bill currently under consideration by the...

A Very Dangerous Game

Martin Wolf September 30, 2003
Overspending in America to stimulate its economy has pushed the US fiscal deficit way out of balance – up to about six percent of US GDP. To service this debt, the US government has sold US$870 billion in Treasury bonds to foreign governments since 1999, creating a significant current account deficit. Martin Wolf argues that the US has mortgaged its economy by selling overpriced treasury bonds to...

Hard Realities: Brazil Drops Resistance to Genetically Altered Crops

Larry Rohter September 28, 2003
Brazil, the world's second largest producer of soybeans and one of the world's most important agricultural exporters, has traditionally outlawed genetically modified (GM) crops. Now, populist president Luiz Inácio Lula da Silva has shifted policy, choosing to allow modified soybean seeds. Some poor Brazilian farmers have already been using GM seeds obtained from neighboring Argentina...

A Swirl of Foreboding in Mahogany’s Grain

Juan Forero September 28, 2003
The towering mahogany tree has long been coveted for its color and strength. Now, fueled by international demand, trade in mahogany wood has become a multimillion-dollar industry that threatens large swaths of the Amazon rainforest. Logging of the wood far bypasses the stringent limits set by international regulations, raising fears that loggers operating outside legal areas will decimate the...

U.N. Official Plans to Urge U.S. to Reconsider Farm Subsidies

Elizabeth Becker September 24, 2003
The director of the Food and Agriculture Organization (FAO) may find his message to Washington falls on deaf ears. With the 2004 presidential election on the line (and agribusiness's lucrative campaign donations very much in every politician's mind), congressmen and White House officials alike hesitate to believe that the $22 billion in subsidies offered to American farmers is a cause...

A Journey for Change

Jessie Mangaliman September 24, 2003
The Statute of Liberty, who promises open arms to all immigrants rich and poor, will soon be greeted by some of her new Americans. In an attempt to recapture the spirit of anti-racism activism in the 1960s, thousands are traveling across America's 'Heartland' to decry anti-immigrant prejudice. The US has long prided itself on being a nation of immigrants, but this pride –...