Editorial: Terrorism and ILSA

Many US citizens probably think their government actually did something about international terrorism when Congress passed and President George W. Bush on Aug. 3 signed a 5-year extension of the Iran-Libya Sanctions Act (ILSA). This misconception is the worst part of a law with much else to regret.Government propaganda sustains the ruse."Supporters of ILSA renewal make the argument that ILSA has succeeded in deterring Japanese investment and has probably deterred some European investors from investing in the energy sector" of target countries, says a statement accompanying the extension bill.Big deal. While the law might have deterred some investors, it hasn't stopped many others. Ene...

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