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...Similarly, many new leaders of the developing nations that emerged from colonial empires in the mid-20th century believed their poverty was rooted in free markets and leaned toward state control. In India, for example, Jawaharlal Nehru, its first Prime Minister, saw imperialism as an outgrowth of free capitalism; only the state, he figured, could be entrusted to improve the livelihoods of the poor. The result was the bizarre License Raj, a bewildering maze of regulation that hamstrung private enterprise. By 1990, the system had produced outdated, uncompetitive companies and a near bankrupt government. India only started to boom once...

Author: /time Magazine | Title: Why Government Intervention Won't Last | 11/25/2008 | See Source »

Premium health care is an outgrowth of the increased consumption of luxury goods and services that were once largely unaffordable in China--from cars to Louis Vuitton pocketbooks. According to Euromonitor International, from 2005 to January of last year, China's middle class grew 24%, from 64.4 million to 80 million. The London-based business-intelligence-research firm projects that strong economic growth could push the figure as high as 700 million...

Author: /time Magazine | Title: China's Medical Boom | 10/9/2008 | See Source »

Earlier this year, Senator Barack Obama stirred up controversy when he said that working-class voters were “bitter” because of a lack of economic opportunity. He argued that religious bigotry, nativism, and anti-trade sentiment were an outgrowth of this frustration. Although he phrased his sentiments poorly, Obama touched upon a valid point. When people lose their jobs, the natural reaction for many is to blame someone else. Immigrants, legal and illegal, are an easy scapegoat, especially during economic downturns. Given the endless stream of bad news about the economy as of late...

Author: By Anthony P. Dedousis | Title: The Bitter Taste of Bigotry | 9/16/2008 | See Source »

...ideal world, Moran adds, the state should implement a few safeguards. "Hopefully, a way to monitor progress rather than an adversarial reality will be an outgrowth of this decision," she says. For now, the parents of homeschoolers are happy to say that they are breathing a sigh of relief and don't anticipate any more regulations. "[This ruling] gives us a lot more confidence and a lot more sense of freedom," says Pam Sorooshian, an uncredentialed teacher of her three daughters in Las Alamitas, Calif. "We can get back to educating our children and not be distracted...

Author: /time Magazine | Title: A Homeschooling Win in California | 8/13/2008 | See Source »

...Some suggest that Smith’s fairly smooth ride in pushing his own version of the divisional deanship may be a function of the times. Many professors agree that much of the discontent with the divisional dean structure may have been simply an outgrowth of the turmoil that roiled the Faculty in late 2005 as the tenure of former University President Lawrence H. Summers drew to a close...

Author: By Maxwell L. Child and Christian B. Flow, CRIMSON STAFF WRITERSS | Title: Profs Guarded on Reform | 4/23/2008 | See Source »

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