That might deflect some complaints about the humanitarian cost of the embargo without weakening the arms-control regime.

ECONOMIST: Dealing with Iraq

Importantly, this weakening of the multilateral export control regime has been strongly opposed by the U.S. defense and intelligence communities.

CENTERFORSECURITYPOLICY: Center For Security Policy

Mr Fujimori's ability to control them is weakening.

ECONOMIST: Peru

The Center for Security Policy believes that it is incumbent on the Bush Administration to "stand-down" on further weakening of the U.S. and multilateral export control regime pending a complete reassessment of the present policy approach and rampant mismanagement of licensing decisions.

CENTERFORSECURITYPOLICY: Center for Security Policy | Could The US Really Be Agreeing In Paris To Weaker Export Controls After Iraqi Fiascoes?

The Open Markets Committee will have to make a horrific choice: fight inflation by tightening policy into a weakening economy, or fight recession by allowing inflation to burn out of control.

FORBES: No Exit, Stage Left or Right

In the long term, though, failure to keep budget deficits under control could be costly for the American economy, forcing interest rates higher and weakening the labour market still further.

ECONOMIST: Squaring the circle | The