Economic sanctions have long been used as a foreign policy tool, sometimes perceived as the tool of choice for nations where diplomacy has failed to yield desired results. Yet as widely used as they are, they generally fail to achieve their objectives.
It is the season of lists: best movies, best books, and so on. I thought I should continue a tradition I started several years ago of creating a different type of list: a geo-political-economic list -- a list of the globalization top five from an American perspective.
To those 885,800 immigrants who arrived this year (up 110,000 from the year before), I say "Thank you for coming! We welcome and cherish your contributions to our economy. Please ignore the right wing nut jobs who want to send you away.
If it drains you in too many ways to count, is a higher paying job really more valuable to you? Can we assign a dollar value to the restorative powers of a vacation with friends, or the satisfaction you feel from having time to pursue interests outside of the office?