Barclay focuses on the wage laborers of California's intensive agriculture. There is another very important story about US agriculture and economic growth, but one that doesn't fit readily into the ...culturally preferred version. This story is one of extreme inequality, rigid hierarchy, and hereditary status. Huge swaths of agricultural land in the US were under the control of an almost exclusively white class of landowners who organized agricultural production using the coerced labor of people of a different race and/or nationality. The relations of agricultural production in the state that has the largest and most economically profitable agrarian economy, California, is also part of this story of US agriculture.
Barclay offers an historical view of the financial derivatives. By the time of the 2007-2008 Great Financial Crisis, new kinds of derivatives became big news. Mortgage-backed securities (MBSs), ...collateralized debt obligations (CDOs), and credit default swaps (CDSs) were in the headlines, and as is by now well known, those complex "financial instruments"--think of them as tools for financiers and big-money investors--played a big role in crashing the economy. More than a dozen years after the Great Financial Crisis, derivatives remain under-regulated, trading of the "over-the-counter" derivatives that caused the crisis is again at record volumes, and the big banks still hold sway over regulation and oversight. So now is a good time to review what derivatives are and how they can pose a threat to economic stability.
Rafael Nadal has transformed himself from a grass-court novice to title contender in the last four weeks and was the only man to take a set off four-times champion Roger Federer this year. Nadal went ...into the final not having dropped his serve since the second round, a run of 80 service games, but he cracked straightaway yesterday when Federer fired off a running forehand that landed deep in the corner. Nadal admitted Federer's use of skidding slice shots had troubled him greatly yesterday, especially in the one-sided first set.
Rafael Nadal has transformed himself from a grass-court novice to title contender in the last four weeks and was the only man to take a set off four-times champion Roger Federer this year. Nadal ...admitted Federer's use of skidding slice shots had troubled him greatly yesterday, especially in the one-sided first set. Bill Larned, U.S
Rafael Nadal has transformed himself from a grass-court novice to title contender in the last four weeks and was the only man to take a set off four-times champion Roger Federer this year. Nadal went ...into the final not having dropped his serve since the second round, a run of 80 service games, but he cracked straightaway yesterday when Federer fired off a running forehand that landed deep in the corner. Nadal admitted Federer's use of skidding slice shots had troubled him greatly yesterday, especially in the one-sided first set.
Rafael Nadal survived a scare from fellow Spaniard Fernando Verdasco yesterday to set up an intriguing quarter-final against Australian Lleyton Hewitt in the Stella Artois tennis championships in ...London.
PARIS - Chilly Roland Garros proved an inhospitable place for Andy Roddick and Nadia Petrova when they hobbled out of the French Open in the first round yesterday. Australian Lleyton Hewitt, who like ...Roddick is nursing an ankle problem, also won but Russian Marat Safin made an unhappy exit after a four-set defeat by Chilean ninth seed Fernando Gonzalez. Two top seeds bowed out yesterday at Roland Garros, but Lleyton Hewitt, Ivan Ljubicic , Martina Hingis and Justin Henin-Hardenne all advanced.
PARIS - Chilly Roland Garros proved an inhospitable place for Andy Roddick and Nadia Petrova when they hobbled out of the French Open in the first round yesterday. Australian Lleyton Hewitt, who like ...Roddick is nursing an ankle problem, also won but Russian Marat Safin made an unhappy exit after a four-set defeat by Chilean ninth seed Fernando Gonzalez. Colour Photo: Jack Guez, AFP; Getty Images / Unseeded Akiko Morigami of Japan seems positively thrilled after dispatching an injured Nadia Petrova -- ranked No. 3 -- 6-2, 6-2 yesterday during first- round play at the French Open.
Thierry Henry made a record-breaking return for Arsenal and Bayern Munich won its heavyweight duel with Juventus in the Champions League yesterday. Playing his first match in almost six weeks, Henry ...scored twice to surpass Ian Wright's Arsenal scoring record in a 2-0 win at Sparta Prague. The win kept the English club unbeaten after three matches in Group B. Within six minutes, Henry had produced a virtuoso strike. After controlling a long ball forward with the outside of his right boot, Henry pirouetted and curled a nonchalant shot into the far corner of the net.
