Word: marketeers
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Dates: during 2000-2000
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This wasn't the way the script read. Remember how everything was going to go kooky when all those zeroes lined up in a row? We were promised a global computer shutdown, a stock market crash, a Blade Runner world. But the lights never went out, and the sun came up in the morning. Then John McCain was going to win the nomination, the Red Sox were going to win the World Series, Marion Jones was going to win five gold medals and Tommy Lee was going to win Pamela Anderson's heart back. No, no, no and no. Even...
...Clinton Legacy: Plenty of wishful thinking. The Clinton Administration pushed Yeltsin to rush through a series of market reforms whose effect has been the impoverishment of millions of ordinary Russians and the empowerment of a tiny oligarchy whose roots in many cases were in the underworld. Yeltsin generally raised no objections to Washington's foreign policy initiatives as long as Russia remained the recipient of billions of dollars of Western aid. But once corruption made aid impossible, Russia was essentially cut loose...
...thrust of the plan is rather odious from a free-marketeers' perspective. Canada employs socialized medicine to provide U.S.-made medicines at lower prices. America's free-market system, which makes drug companies (gasp!) profitable, also motivates them to develop the blockbuster drugs that Americans are so sick of paying market prices for. The plan would try for the best of both worlds, using Canada's socialized medicine as an end-run around U.S. pricing - and screwing U.S. drug-companies out of their profit margins in the process...
...getting one last shot in at his old Republican nemeses in the House and putting the issue back in the hands of a Congress that's even more split than it was last year. Let Bush find a way to do what may be the impossible: get voters free-market-created prescription drugs at socialized-medicine prices...
BONDS ARE BOOMING With the market limping badly and the economy stagnating, inflation-indexed Treasury bonds are gaining some momentum. The bonds, first offered last year, are increasing in yield, as expected easing of the Fed's interest rates has bolstered demand in recent weeks. Certainly, inflation is no big deal and no big scare, but it's still there. With these indexed bonds, the Treasury adjusts the principal annually in accordance with annual cost of living increases, so interest payments, like Social Security checks, provide a current-value source of steady income. It's a no-lose deal, which...