Words & Numbers

Last week, President Trump announced his intention to place tariffs on steel and aluminum. Unfortunately for the president—and everyone else, should these tariffs be imposed—more than a century of economic data make it very clear that tariffs are a net negative for the economy. But what are tariffs, anyway? Why are they so awful? And, if they are, why does any country impose them? Join Antony Davies and James Harrigan as they talk about this and more on this week's episode of Words and Numbers.   Quick Hits   United replaces bonuses with lotteries https://www.bizjournals.com/chicago/news/2018/03/02/united-airlines-replaces-bonuses-with-lottery.html   China bans things https://www.cnn.com/2018/03/01/asia/china-letter-ban-trnd/index.html https://www.thesun.co.uk/news/5701287/china-xi-jinping-president-winnie-the-pooh-banned/ http://www.latimes.com/world/asia/la-fg-china-reincarnation-law-20160307-story.html Foolishness of the Week http://www.baltimoresun.com/news/maryland/politics/bs-md-ci-children-soda-bi