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ent while keeping in place its barriers to foreign goods.In my view, we have three basic options for confronting the new realities of economic competition. The first is what might be termed a curse the darkness approach: shut ourselves off, isolate our firms and workers from the growing competition of Europe, Asia, and Latin America. But raising that white flag would run counter to our tradition of confronting challenges. Worse yet, it would condemn Americans to a lower quality of life over time.Building a new fortress would also deny us access to new markets and products, and that surely is not the way to go.The second option is what I call the head in the sand approach: full speed
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 niversity's sophomore prize: Jimmy Carter has written and signed so many books that they can cost less than unsigned editions.To fill out his collection in a costeffective way, Mr. Schneider bought unsigned books and mailed them to three living presidents, requesting their autographs. (All three obliged.) And when he couldn't find any book written by or about Warren Harding, he wrote one himself. He couldn't get the late president's autograph, but the book did win the accolade of top 10 high school plays in the nation from the National Foundation for the Advancement in the Arts.The panelists' audience ?C a few dozen enthusiasts who seem to have been in the game longer than their lec
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 flamboyant but struggling ABC, Capital Cities takes a lowrisk approach and ranks as one of the bestrun media companies in the industry. Leanis the most common adjective used to describe management's style. Careful attention to costs combined with the freedom of a decentralized management are the key to its success.A glance at the earnings of the two companies confirms this picture: Capital Cities earned $135.2 million on revenues of $939.7 million last year. Whereas ABC earned $195 million on revenue of $3.7 billion.One of the catalysts for this merger  and possibly future broadcast buyouts  is the loosening of FCC regulations limiting station ownership. In the past, one compa
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 d: the 'New York Times' alone ran 105 stories and thirtyseven editorials, notes Applegate, and the whole nation seemed to take sides for or against Beecher. In the end, the jury was unable to reach a verdict, leaving a cloud of suspicion over Beecher's life.Debby Applegate has given us an intellectually stimulating life and times of Henry Ward Beecher, whose populist appeal, skill at selfinvention, and ambivalent experience with celebrity seem as quintessentially American today as ever. Chuck Leddy is a writer and book reviewer in Quincy, Mass.Yet while most Canadians are satisfied with the current system, economic pressure is building for reform. As a result, three provincial prem
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