Submitted by CARPE DIEM
BANGALORE, INDIA — Minnesota Gov. Tim Pawlenty’s trade trip took a welcome turn today, as the governor learned that Indian firm Essar Global has officially closed on its acquisition of Minnesota Steel Industries and will proceed with plans to build a $1.6 billion taconite-to-steel mill on the Iron Range.
News of the historic […]

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Submitted by CARPE DIEM

REUTERS (May 8, 2007) — Billions of dollars in aid to Colombia have failed to drive up the price of cocaine on American streets, according to the head of the top U.S. anti-narcotics agency.
Officials in Washington have said crop spraying and military pressure on drug-smuggling guerrillas and paramilitaries would make cocaine more […]

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Submitted by unsettling economics
This Wall Street Journal article describes how Wal-Mart is able to pay about half as much state tax as a typical corporation.
Drucker, Jesse. 2007. “Inside Wal-Mart’s Bid To Slash State Taxes.” Wall Street Journal (23 October): p. A 1.
“In May 2001, Wal-Mart Stores Inc. issued an appeal to big accounting firms: Find […]

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Submitted by Businomics Blog
Are middle class jobs on the decline? Stephen Rose has an interesting article in the Wall Street Journal on the subject. Imagine a day when relatively few women worked, and when they did, they earned less than men earned. Now change women’s attitudes so that they are more eager […]

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