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What Happens When You Pay What You Want?
December 30, 2015
The Choice Between Free Trade and Tariffs
February 1, 2016This morning, at 5:15 AM New York time, most people in New Zealand will have celebrated the beginning of 2016. Below you can see when the New Year will begin around the world:
From: timeanddate.com
Choosing the Time
All countries have the power to decide the time. So, on August 15, 2015, North Korea moved its clocks back by 30 minutes. Unilaterally, they created a new time zone called Pyongyang Time, In 2007, the late President Hugo Chavez said he would change Venezuela’s time zone by 30 minutes. His Minister of Science and Technology said the purpose was “a more fair distribution of the sunrise.” Most of India has one time zone as does China. And in the U.S., at 5:30 AM in San Francisco, the sun is not up and neither are most people. But, coordinating with NY time, work in the financial district has begun.
Our Bottom Line: Time Zone
Much more complex than imagining the earth’s 24 time zones, worldwide time comes in many sizes. Sometimes economically or politically manipulated, time zones are a human creation that shape when we shop, when we sleep, when we eat…
And when we celebrate the New Year.
