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a North American monetary union that might embrace Mexico as well. They talk of an amero that would be something like the euro.In November, economist Lawrence Kudlow called for locking the dollar, euro, and yen on a onetoone basis.Couldn't be easier for investors, market traders, corporate treasurers, electronic shoppers, importing consumers, and exporting producers, he said on CNBC. Everyone benefits.It didn't happen, of course.For Canada, an amero would lower interest rates, stimulate trade, and bring greater price stability, proponents say. It would recognize the integration of the US and Canadian economies.Herbert Grubel, an economist at the Fraser Institute in Vancouver, British Columbia envisages a North American Central Bank. The three nations would hold seats on the board. The US would keep control.Bank notes and coins of the amero would have a common symbol on one side and national emblems on the other to preserve symbols of national identity.Each country would share in the seignorage  the huge profits
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 failed. Then American planes accidentally bombed the Chinese Embassy in Belgrade on May 7. All talks were off.This had a fortuitous political advantage. It immediately put off any deal until after the AFLCIO had endorsed Vice President Al Gore for the Democratic presidential nomination at its annual convention last summer.Talks were revived when former Treasury Secretary Robert Rubin visited Beijing in September. Malmgren figures Mr. Rubin had a presidential nod to tell the Chinese that a deal could be reached about the time Congress was winding up its fall session.The scuttlebutt is that Clinton sent top economic adviser Gene Sperling with US Trade Representative Charlene Barshefsky for the final talks in Beijing to make sure she came back with a deal.In public, the economic merits of the deal will now be hotly debated. Labor and the textile industry will talk of lost jobs. International businesses will trumpet new opportunities in China.To Malmgren, the most important aspect of the deal is that it commits the
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 2004 election will also feature a blend of the new with strong echoes of bygone campaigns  an earlierthanever start, allowing for nearly nine months of point and counterpoint and no charge left unanswered. Both teams are fighting demons of the past. For President Bush, one driving animus is to avoid the fate of his father, the 41st president, who was slow to rebut Democratic charges and lost his 1992 reelection bid. For presumptive Democratic nominee John Kerry, the lessons come from 1988, when another Massachusetts liberal, Michael Dukakis, appeared passive in the face of Republican characterizations and lost the election.First, 2004 is different in one sense, because the general election is beginning so early, the process is so frontloaded, says John White, a political scientist at Catholic University. And yes, it's intense, it's in the gutter, but compared to whatYou can make the argument that this country is not just evenly divided, it's intensely divided. That's not altogether dissimilar to the period post
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 ternet have all emerged and come into the mainstream during this period, says John Horsley, executive director of the American Association of State Highway and Transportation Officials. Paradoxically, in the context of NEPA, new technological tools can actually end up creating new opportunities for delay, rather than expediting the process.CEQ chairman Connaughton wants the task force to take these new technologies into account in examining environmental rules.But what the White House touts as reforms in the name of regulatory efficiency, critics see as undermining a law that more than any other is the one legal tool grassroots groups and individuals have to prevent special interests and their friends in office from doing damage to the land.Given the president's environmental views, they're suspicious to start with. They note that, among other things, Bush has sought to undo environmental laws enacted by the Clinton administration. And on NEPA, says Sharon Buccino, an attorney with the Natural Resources Defen
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