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Two dozen kindergartners, dressed in coats and hats against an early spring chill, followed like ducklings after their teacher as she led them across the main square of this central Russian city to the base of a huge statue. "I brought you to see Lenin," Valentina A. Ivanova told the children, gesturing to the monument of the leader of the Bolshevik Revolution and founder of the Soviet Union. "Remember who he is. Now let's go to gymnastics."
March 26, 2014 | By Michael D. Sorkin
Murray Weidenbaum taught students at Washington University in St. Louis and presidents in the White House that government should get out of the way and let people and businesses work as hard as they can to achieve as much as they can. He preached deregulation, and his syndicated newspaper columns caught the eye of Ronald Reagan, who in 1980 was running for president. Reagan took Weidenbaum to the White House as his top economic advisor. At first, the administration used tax cuts to fight high unemployment and inflation.
May 8, 2012 | By Michael Kinsley
The people at the New York Times Magazine must think that nobody has ever read Ayn Rand, or maybe even Adam Smith. Their cover story on Sunday - misleadingly titled, "Are the Rich Worth a Damn?" - reports breathlessly that there is this fellow named Edward Conard who not only believes in free-market capitalism but is willing to say publicly that what America needs is more inequality, not less. (He's even written a book.) The argument is basically Smith's, carried to extremes: The invisible hand of free-market capitalism turns individual greed into prosperity for all. But Conard also shares Ayn Rand's conviction that the successful businessman is a hero, the alpha male at his finest, while the rest of us are deadbeats and leeches.
November 26, 2013 | By Michael Hiltzik
Here's a denunciation of the financial system and income inequality that people all over the world will find hard to overlook, or ignore. Its author is Pope Francis, and the text is from his apostolic exhortation published this week , which addresses in part what he calls "a socioeconomic system...unjust at its root. " Selections from paragraphs 53-60. No further commentary required:  "Just as the commandment 'Thou shalt not kill' sets a clear limit in order to safeguard the value of human life, today we also have to say 'thou shalt not' to an economy of exclusion and inequality.
October 27, 2012 | By Christi Parsons
With just more than a week to go before the election, Republicans and Democrats sparred Saturday over how best to turn the economy around. The weekly Republican address comes from Ann Wagner, a GOP candidate for Congress in Missouri, who urged government regulators to get out of the way of job creators as a route to recovery. In his Saturday morning address, President Obama cites Wall Street as an example of when restriction of the free market is appropriate - and, he says, vital to ensure a level playing field.
April 20, 1993
How can people who vehemently deny there is a free lunch be so fanatically dedicated to a free market? ED SCHAFFER Pomona
April 14, 2010
So, a Cuban walks into his neighborhood barbershop for a trim and a shave on a Havana afternoon. In all likelihood, haircutter and customer argue about baseball. Maybe they discuss Companero Companero Fidel's latest column in Granma. When they finish, the newly coiffed client pays for the services in Cuban pesos; about 15% goes to the state for taxes, and the owner legally pockets the rest. For the record: A previous version of this editorial incorrectly said that since the 1959 revolution, Cuba had "privatized" most of its economy.
July 31, 2011 | By Nicole Gelinas
There's a reason California hasn't seen as much of an economic recovery as some states: It has a serious debt problem. The nation's mortgage hangover is particularly bad in the Golden State. From 2000 to mid-2006, home prices across the nation doubled, outpacing inflation six times. In the Los Angeles area, things were much more extreme: Home prices nearly tripled. Prices in San Diego and San Francisco beat the nation too. And even though home prices have now plummeted, much of the debt that funded the bubble remains and is still hampering the economy.
February 17, 1995
Apparently the free market system works perfectly for all human transactions except for politics where term limits (political engineering) is required. ELLIOT SEMMELMAN Los Angeles
November 19, 2001
We're learning that competition between for-profit airplane companies on the basis of price may bring low-cost fares but also less safety. We're learning that competition among for-profit health insurance companies on the basis of price may bring low-cost health insurance but also less quality. We have been led to believe that unregulated competition among corporations would bring efficiency, low cost and quality. The facts we are living and dying with tell us differently. Doris Isolini Nelson Los Angeles
November 25, 2013 | Bill Plaschke
Happily for Kobe Bryant, he is now going to be a Laker for life. Sadly for the misguided Lakers, it probably won't be much of a life. The news Monday that Bryant had signed a two-year contract extension worth $48.5 million - twice his market value, eight months before it was necessary - was a startling celebration of individuality by a decorated franchise and veteran leader who both should have known better. PHOTOS: Kobe Bryant through the years The Lakers have proven they are about championships, yet they just handed out the sort of hefty contract to an aging and injured star that will likely prevent them from adding the free agents necessary to win another one with him. Kobe Bryant has also said he is about championships, yet he signed this extravagant deal instead of following the lead of wealthy veteran athletes like Tom Brady and Tim Duncan who agreed to take less money for the sake of improving the team.
September 2, 2013 | By Richard Fausset
SAN CRISTOBAL, Mexico - Former President Vicente Fox grew up on a farm here in rural Guanajuato, one of Mexico's most conservative states. He is the kind of guy who wears big belt buckles, collects hand-tooled saddles and worships the free market. Ask him about his experience with the drug culture and the big man with the cowboy-movie mustache exhibits a kind of straight-laced pique: Never smoked pot, he says. Hardly knew anyone who did. But Fox has always fancied himself a policy maverick.
July 13, 2013 | By Mary MacVean
When Bridget Reilly and her young son began eating gluten-free, she also began to find grocery shopping a real headache. So many labels to read and so much food that her family didn't really like and that she didn't really like feeding them. "I was driving around to four different stores every week and reading all the labels," Reilly says. Her alternative was to open a store, which she did. It's called the Bite Market, and everything is gluten- and dairy-free. It sits in the Orange business district, among the antique shops and not far from Chapman University, the source of some of her business.
July 12, 2013 | By Mary MacVean
If you're on the lookout for gluten-free products, you might just pass Moshe Groshkowsky's store right by, because it's called Sugar Free Markets . But that would be a mistake. Because inside the store, in a small Woodland Hills shopping center, you'll find gluten-free pita, which he bakes and brings to the market hot every day, as well as cupcakes, cookies, blintzes and more. His store is one of the few in the area that stock all-gluten-free food. Groshkowsky had worked as a general contractor, baking for his family on the side.
April 8, 2013 | By Janet Stobart
LONDON -- It perhaps goes without saying that the death of former Prime Minister Margaret Thatcher did not prompt universal mourning. She could be a polarizing figure, nowhere more than in working-class communities of northern England, Scotland and Wales, where residents bitterly recall the fierce fights against her closure of Britain's mines in the 1980s, actions that caused thousands to lose their livelihoods. The National Union of Miners posted a few words of condolence to the Thatcher family, but followed it with a reminder: “The legacy of what the Conservative government did to British industry under Thatcher is not one to be proud of if you really did want the best for the people.” The working class had suffered “decimation” in the name of the free market, the message said, adding that “Thatcher lived long enough to see her beliefs demolished when the 'free market' collapsed and came running to the state for support.
April 8, 2013 | By Henry Chu and Patt Morrison, Los Angeles Times
LONDON -- Margaret Thatcher, the grocer's daughter who punched through an old-boy political network to become Britain's first female prime minister, stamping her personality indelibly on the nation and pursuing policies that reverberate decades later, has died. She was 87. The BBC read out a statement early Monday afternoon from Thatcher's friend and former advisor, Tim Bell, saying: "It is with great sadness that Mark and Carol Thatcher announce that their mother, Baroness Thatcher, died peacefully following a stroke this morning.
April 6, 2013 | By Bill Shaikin, Los Angeles Times
By defecting from his superstar agent last week, Robinson Cano made the Dodgers look pretty smart. It's not all about the money, even for the local team that has an apparently endless amount of it. Cano ditched Scott Boras to ally with Jay-Z, the rap mogul who sang his "Empire State of Mind" hit at the New York Yankees' World Series parade in 2009. The song includes this line: "I made the Yankee hat more famous than a Yankee can. " Cano could be the marquee name in free agency this fall, but the agent switch makes it far more likely he stays with the Yankees.
January 25, 2013 | By Lance Pugmire
After Daniel Winnik was cast off by the San Jose Sharks, the Ducks signed the center to a two-year, $3.6-million contract, primarily to assist in their penalty-killing efforts. Winnik, the Ducks' third-line center, scored a club-record four goals in the first two games of the season, which is more than the Stanley Cup-champion Kings scored in their two games. "What's Gretzky's record again?" Ducks Coach Bruce Boudreau cracked after practice Thursday with the team finalizing preparations for Friday's home opener against the Vancouver Canucks.
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