LILA RAJIVA: The Mind-Body Politic
Individuals Not Ideologies
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Archive of "Globalization" Category
UN: Abandon Dollars, All Ye Who Enter NWO (Updated)
Update: (July 1): The alternative sites have just picked this up today July 1. See 321gold (via Press TV, Daily Reckoning)… Chuckle. You get the scoop here…
One more call for replacement of the dollar with SDRs, which will be under central management at the BIS (Bank of International Settlements). My notes in italics.
“A new United Nations report released on Tuesday calls for abandoning the U.S. dollar as the main global reserve currency, saying it has been unable to safeguard value.Wash-Po’s “Objective” Reporter On Conservatism Outed As Conservative-Hater
Reporter David Weigel’s feverish imaginings about the group he pretends to cover objectively have surfaced in emails sent to the liberal listserv, Journolist, according to Fishbowl DC (hat-tip to LRC blog).
Why am I not surprised?
Global-warming “scientists” turn out to be political hacks grinding over-sized axes; “educators” preaching “tolerance” and “love” turn out to be sexual Bolsheviks; green “activists” turn out to be shills for billionaire speculators….. (more…)
Fascist Alito Rules In Favor Of Monsanto’s GM Alfalfa
From Bloomberg, some bad news for small farmers fighting agribusiness giant, Monsanto. Libertarians shouldn’t fall into the trap of thinking that adoption of the precautionary principle is anti-libertarian. It’s not. How can any company give an assurance that it won’t do substantial, irreversible damage to other people’s property through pollination of other alfalfa strains? It cannot. Thus, any assurance that it can is patently fraudulent. Besides, Monsanto, like BP and Goldman Sachs, is a state-created, state-subsidized crony-capitalist outfit and not a product of the free market anyway. (more…)
Deconstructing Soros: “A New World Architecture”
From George Soros on Project-Syndicate.org. (Nov. 4, 2009), his vision of the new world order.
My comments are in italics.NEW YORK – Twenty years after the fall of the Berlin Wall and the collapse of communism, the world is facing another stark choice between two fundamentally different forms of organization: international capitalism and state capitalism.
Daily Bell: Elites Conspire Over Afghan Mineral Wealth
The Daily Bell on the Afghan mineral discovery:
Here is what the Anglo-American brain-trust may have in mind:
1. It will invite countries into the region to “exploit” minerals, operating through the Afghan government. (And has already invited China.) Each country, once involved, will be expected to provide its own security.
Gordon Brown Grilled Over US/Euro-led Global Government, March 2009
UK PM Gordon Brown, addressing the European Parliament, Strasbourg, March 24, 2009
I’ve tried to jot down some of the most important points. The responses are from various interlocutors from the floor. (more…)
Afghanistan Has Trillion Dollar Deposits Of Iron, Copper, and Lithium
So now we know the real reason for the Afghan war.. I wonder how long the Pentagon has had this information? BBC reports on June 14, 2010:
“Afghanistan may have more than a trillion dollars worth of untapped mineral deposits, a spokesman for the ministry of mines has suggested. The statement came after reports in the New York Times of the work of a team of Pentagon officials and US geologists. They discovered large quantities of iron and copper as well as valuable deposits of lithium. However, questions are being asked about the timing of the release of the latest information.
Chinese Buyers Holding Up Beaten Down Real Estate
While the government meddlers aim at the impossible (”stimulating the economy”) with the aid of the unethical (appropriating tax payer funds for their interventions), the much-maligned market is doing its best to sweeten the pain the only way it knows - providing new buyers at prices that turn the old buyers into sellers. Joel Bowman at The Daily Reckoning reports (June 12, 2010):
“For a growing number of well-to-do, geographically mobile Chinese citizens, property investments abroad are becoming a popular store of wealth, and a hedge against an increasingly precarious market back home.
Expat News: New Uruguay Tax Laws
Relocation expert and Uruguay specialist, David Hammond has the scoop on recent changes to tax law in Uruguay, “Uruguay Tax Proposal Rocks the Boat?”:
Uruguay made headlines all over the world this last week, with news of a proposed tax bill that could result in a weakening of Uruguay’s banking privacy and tax the offshore assets of Uruguayan citizens and foreign residents.
Wikileaks’ Role In Julius Baer Case Linked to Soros, Sachs, & Spooks?
From The Wayne Madsen Report (a subscription-based service) comes this analysis (April, 2010) of the attack on the financial privacy of Swiss money manager, Julius Baer Group, exposed by whistle-blower Rudolf Elmer:
“WMR’s financial intelligence sources report that the unauthorized disclosure of a compact disk to Wikileaks that contained financial details of the clients of the secretive and usually highly-secure Zurich-based independent money management Julius Baer Group was designed to destroy the firm’s standing with its customers and make it ripe for a hostile takeover by interests associated with multi-billionaire vulture capitalist George Soros, including Goldman Sachs. Julius Baer was founded in the 19th century.
Rahm Got Free Housing From BP Greenwasher and Democrat Consultant
Conservative author Jerome Corsi suggests that Rahm Emanuel and BP are linked :
“White House Chief of Staff Rahm Emanuel, WND has learned, lived rent-free in Washington, D.C., for years, thanks in part to a friend under contract with oil giant BP.
While the White House approaches “day 50″ of the environmental disaster caused by an explosion on BP’s Deepwater Horizon oil rig, unable yet to stop the flowing crude in the Gulf, several media sources have questioned the administration’s efforts to regulate BP prior to the incident.
Rothschild (Dec. 2008): Buy Bonds, Oil, and Raw Materials
Video 1: An interesting interview by Maria Bartiromo of Sir Evelyn de Rothschild on the financial crisis (December 2008). Here’s a quick break down of his main points: (more…)
Gulf Economy Takes Multibillion Dollar Hit From Oil Spill
CNN reports on how the oil spill will damage the Gulf economy:
“As efforts to plug the ruptured well in the Gulf of Mexico continue to fall short, the stakes for the region’s economy grow ever higher. The numbers being batted around when it comes to how much the oil spill will ultimately cost BP and the local Gulf of Mexico economies are huge. $3 billion. $14 billion. One politician put it at over $100 billion.
Monsanto Claims Patents On Bacon, Steak, and Fish
From GM Watch:
Meat claimed as invention by Monsanto
Wednesday, 28 April 2010 11:22Meat claimed as invention by multinational company of Monsanto
No Patents on Seeds, Press release, 27 April 2010
http://www.no-patents-on-seeds.org/index.php?option=com_content&task=blogcategory&id=3&Itemid=28*Stop patenting the food chain!
Multinational seed corporations are following a consequent strategy to gain control over basic resources for food production. As recent research shows not only genetically engineered plants, but more and more the conventional breeding of plants gets into the focus of patent monopolies: International patent applications in this sector are skyrocking, having doubled since 2007 till end of 2009.
Obama Bisexual Allegations Resurface
Update 2 (May 31):
HillBuzz has a post referencing the rumors, “At Last Someone In the National Media Is Finally Interested In Man’s Country In Andersonville”
[For the record: We’re strong supporters of gay marriage and gay rights and Obama’s alleged (please note - it’s all alleged) bisexuality before and during marriage does not bother us from a moral standpoint at all. Whatever works for you, is our attitude. A man’s family life is his and no one else’s. Nor does Obama’s alleged smoking of crack in these accusations bother us. We think smoking the stuff is probably dangerous and wouldn’t recommend it to anyone, but then so is driving dangerous….and so is reading the MSM…
We are troubled by the political blackmail factor and the deaths of those early associates of the president’s.
And we do want to know more about the Kal Penn episode…call it the desi angle.
Update 1 (May 30):
While Obama’s original accuser Larry Sinclair claimed he had passed polygraph tests, he didn’t past two polygraph tests, according to World Net Daily, the conservative site which originally peddled his claims. Conweb Watch has this to say about World New Daily’s publication of Sinclair’s charges.
ORIGINAL POST
The article below is from the Wayne Madsen Report , which is a subscription service, but since it’s already made the rounds of the blogosphere) via Jag Hunter blog, I’m reposting it.
Normally, I wouldn’t post this sort of thing, since I think sexual stories are irrelevant. But this is the president, and in his case there’s the issue of blackmail and the political consequences thereof. The sexual allegations are entangled with the corruption of Chicago politics and the deaths (two by murder) of three youthful associates. All that makes them, unfortunately, blog-worthy.
Madsen’s is, I believe, the most detailed report of the issue. Previously, one of Obama’s alleged partners, Larry Sinclair, as well as a former associate from Chicago, had made similar allegations, but they didn’t get much play in the mainstream media.
Brzezinksi: Global Solutions Can Only Come From Concentrated Power
This is a brief but candid glimpse into the mind set of the power elite.
Zbigniew Brzezinski, one of the major technocrats of US dominance in the last twenty years and President Carter’s foreign policy advisor, candidly assesses the world in the light of two new developments:
1. The challenge to the Atlantic world (US-Europe), which constitutes the current global political leadership, from a more diverse group - the developing countries, as well as the second world
2. Greater political awakening among the masses than at any other time in history, which obstructs the ability of the leadership to deal effectively with world-wide turmoil (more…)
Rule Of The Transnationals
Along Came the Transnationals, by Daniel Brandt, Name Base Newsline, July-Sept 1996
“Those who escape thought-reform at the end of history may trace our decline back to 1886, when the U.S. Supreme Court declared that corporations are legal persons whose life, liberty and property are protected by the Fourteenth Amendment. Ratified to protect freed slaves, it took railroad-company lawyers less than two decades to turn this amendment into a loophole. By 1904, corporations controlled four-fifths of the nation’s industrial production. Today transnationals control the world’s cultural and economic production as well, and generate most of its pollution.
Government Subsidies Are the Problem, Not Undocumented Workers
“Conservatives Should Support Amnesty For Illegal Immigrants,”
The Humble Libertarian, May 5, 2010
Think of it this way: as classical liberals, we understand that a bureaucrat in Washington could not possibly have enough information to correctly regulate the price or quantity of a good or service. This applies to labor markets, and immigration is essentially a function thereof. There’s no way Washington or the state of Arizona can know how much immigration we really need.
Biometric ID Advocate Disses Full Body Scanner As Useless
A leading Israeli security expert thinks the new full body scanners are a waste of money, reports the Vancouver Sun :
“A leading Israeli airport security expert says the Canadian government has wasted millions of dollars to install “useless” imaging machines at airports across the country.
“I don’t know why everybody is running to buy these expensive and useless machines. I can overcome the body scanners with enough explosives to bring down a Boeing 747,” Rafi Sela told parliamentarians probing the state of aviation safety in Canada.”
Unfortunately, Sela seems to think the “trusted traveler” program is better:
“Sela testified it makes more sense to create a “trusted traveler” system so pre-approved low-risk passengers can move through an expedited screening process. That would leave more resources in the screening areas, where automatic sniffing technology would detect any explosive residue on a person or their baggage.”
Unfortunately for privacy advocates, this is a move from the frying pan to the fire. “Trusted traveler” is the name for the biometric ID program. Just recently, on April 14, the Department of Homeland Security announced that the US and Germany would be integrating their respective biometric travel programs.
Since it began in June 2008, the trusted traveler program has expanded rapidly from an initial 3 airports. Last fall, it reached 20 airports.
Word Government Alert: UN Spends Haiti Money On Expanding Its Personnel
Next time there’s a natural disaster and you think the government should “do its share,” “help out” or be compassionate, remember this:
“The United Nations has quietly upped this year’s peacekeeping budget for earthquake-shattered Haiti to $732.4 million, with two-thirds of that amount going for the salary, perks and upkeep of its own personnel, not residents of the devastated island.
The world organization plans to spend the money
on an expanded force of some 12,675 soldiers and police, plus some 479 international staffers, 669 international contract personnel, and 1,300 local workers, just for the 12 months ending June 30, 2010.
Some $495.8 million goes for salaries, benefits, hazard pay, mandatory R&R allowances and upkeep for the peacekeepers and their international staff support. Only about $33.9 million, or 4.6 percent, of that salary total is going to what the U.N. calls “national staff” attached to the peacekeeping effort.”
Soros And Shock Therapy In Poland
From William Engdhal, “The Secret Financial Network Behind George Soros,” 1996 (Executive Intelligence Review):
[Note I: I mentioned Engdahl's piece about Soros and Rothschild earlier, with the disclaimer that EIR is a Larouche outfit often labeled conspiracist and anti-Semitic, but nonetheless acknowledged to have produced good research. This piece, as I found it on the net, is not extensively sourced, which is why I've not previously linked it. However, having recently found old newspaper articles substantiating at least a part of the material, I'm going ahead and posting it.
Note II: Soros has a variety of interesting business associations. He has ties with Jim Rogers, through the Quantum Fund, which Rogers left to form his own group; with Rees-Mogg, the British journalist and Agora associate/writer; and with James Goldsmith, the Anglo-French financier, who was at one time Rees-Mogg's primary financial backer. But, Goldsmith, a speculator and corporate raider in the 1980s, was vehemently opposed to GATT and the drive to globalize in teh 1990s, which seems to rather complicate the economic hit-man narrative. Rogers' pronouncements, as much as I've followed them, often directly contradict Soros' public statements.
Thus, in my opinion, while there could well be collusion at work among some (or even all) of these entities, from the record, at least, the situation is much muddier. For instance, if you look at what Goldsmith has to say about globalization in the 1990s, he is anti-agribusiness, anti-nuclear power, and anti-GATT. That diverges sharply from Engdahl's general premise, which is best exemplified in the shock-doctrine advocated by Soros in Russia, via economist Jeffrey Sachs (the best account of which is by journalist Ann Williamson, who testified on the matter to Congress).
The truth is, many people advocate many kinds of things from ideology. That ideology is often shared by their business associates, since people with shared ideologies usually end up working in the same place. That doesn't automatically mean they are all working hand-in-glove, or even know each other more than superficially. Even the joint ownership of a fund or corporation, unless it is over a long period of time, does not have to imply that the owners are all in agreement with each other's financial goals. That said, there are suggestive connections noted in this piece that are relevant both to the debt crisis in Europe and to the ongoing manipulation of the markets, which is why I want to link the piece, despite the problems with it that I've noted.
Here's an excerpt relevant to the situation in Poland:
"Poland: In late 1989, Soros organized a secret meeting between the "reform" communist government of Prime Minister Mieczyslaw Rakowski and the leaders of the then-illegal Solidarnosc trade union organization. According to well-informed Polish sources, at that 1989 meeting, Soros unveiled his "plan" for Poland: The communists must let Solidarnosc take over the government, so as to gain the confidence of the population. Then, said Soros, the state must act to bankrupt its own industrial and agricultural enterprises, using astronomical interest rates, withholding state credits, and burdening firms with unpayable debt. Once this were done, Soros promised that he would encourage his wealthy international business friends to come into Poland, as prospective buyers of the privatized state enterprises. A recent example of this privatization plan is the case of the large steel facility Huta Warsawa. According to steel experts, this modern complex would cost $3-4 billion for a western company to build new. Several months ago, the Polish government agreed to assume the debts of Huta Warsawa, and to sell the debt-free enterprise to a Milan company, Lucchini, for $30 million!.
Soros recruited his friend, Harvard University economist Jeffery Sachs, who had previously advised the Bolivian government in economic policy, leading to the takeover of that nation's economy by the cocaine trade. To further his plan in Poland, Soros set up one of his numerous foundations, the Stefan Batory Foundation, the official sponsor of Sach's work in Poland in 1989-90.
Soros boasts, "I established close personal contact with Walesa's chief adviser, Bronislaw Geremek. I was also received by [President Gen Wojciech] Jaruzelski, the head of State, to obtain his blessing for my foundation.” He worked closely with the eminence gris of Polish shock therapy, Witold Trzeciakowski, a shadow adviser to Finance Minister Leszek Balcerowicz. Soros also cultivated relations with Balcerowicz, the man who would first impose Sach’s shock therapy on Poland. Soros says when Walesa was elected President, that “largely because of western pressure, Walesa retained Balcerowicz as minister.” Balcerowicz imposed a freeze on wages while industry was to be bankrupted by a cutoff of state credits. Industrial output fell by more than 30% over two years.
Soros admits he knew in advance that his shock therapy would cause huge unemployment, closing of factories, and social unrest. For this reason, he insisted that Solidarnosc be brought into the government, to help deal with the unrest. Through the Batory Foundation, Soros coopted key media opinion makers such as Adam Michnik, and through cooperation with the U.S. Embassy in Warsaw, imposed a media censorship favorable to Soros’s shock therapy, and hostile to all critics.
Russia and the Community of Independent States (CIS): Soros headed a delegation to Russia, where he had worked together with Raisa Gorbachova since the late 1980s, to establish the Cultural Initiative Foundation. As with his other “charitable foundations,” this was a tax-free vehicle for Soros and his influential Western friends to enter the top policymaking levels of the country, and for tiny sums of scarce hard currency, buy up important political and intellectual figures. After a false start under Mikhail Gorbachov in 1988-91, Soros shifted to the new Yeltsin circle. It was Soros who introduced Jeffery Sachs and shock therapy into Russia, in late 1991. Soros describes his effort: “I started mobilizing a group of economists to take to the Soviet Union (July 1990). Professor Jeffery Sachs, with whom I had worked in Poland, was ready and eager to participate. He suggested a number of other participants: Romano Prodi from Italy; David Finch, a retired official from the IMF [International Monetary Fund]. I wanted to include Stanley Fischer and Jacob Frenkel, heads of research of the World Bank and IMF, respectively; Larry Summers from Harvard and Michael Bruno of the Central Bank of Israel.”
Since Jan. 2, 1992, shock therapy has introduced chaos and hyperinflation into Russia. Irreplaceable groups from advanced scientific research institutes have fled in pursuit of jobs in the West. Yegor Gaidar and the Yeltsin government imposed draconian cuts in state spending to industry and agriculture, even though the entire economy was state-owned. A goal of a zero deficit budget within three months was announced. Credit to industry was ended, and enterprises piled up astronomical debts, as inflation of the ruble went out of control.
The friends of Soros lost no time in capitalizing on this situation. Marc Rich began buying Russian aluminum at absurdly cheap prices, with his hard currency. Rich then dumped the aluminum onto western industrial markets last year, causing a 30% collapse in the price of the metal, as western industry had no way to compete. There was such an outflow of aluminum last year from Russia, that there were shortages of aluminum for Russian fish canneries. At the same time, Rich reportedly moved in to secure export control over the supply of most West Siberian crude oil to western markets. Rich’s companies have been under investigation for fraud in Russia, according to a report in the Wall Street Journal of May 13, 1993.
Another Soros silent partner who has moved in to exploit the chaos in the former Soviet Union, is Shaul Eisenberg. Eisenberg, reportedly with a letter of introduction from then-European Bank chief Jacques Attali, managed to secure an exclusive concession for textiles and other trade in Uzbekistan. When Uzbek officials confirmed defrauding of the government by Eisenberg, his concessions were summarily abrogated. The incident has reportedly caused a major loss for Israeli Mossad strategic interests throughout the Central Asian republics.
Soros has extensive influence in Hungary. When nationalist opposition parliamentarian Istvan Csurka tried to protest what was being done to ruin the Hungarian economy, under the policies of Soros and friends, Csurka was labeled an “anti-Semite,” and in June 1993, he was forced out of the governing Democratic Forum, as a result of pressure from Soros-linked circles in Hungary and abroad, including Soros’s close friend, U.S. Rep. Tom Lantos.”
The Entrepreneurs Of Dharavi
Financial commentator Joel Bowman looks at the Dharavi slum in Mumbai from a different angle:
“In an editorial pre-incarnation, your wayfaring author once found himself roaming the hot, sweaty crucible of economic chaos on the Indian Subcontinent in search of story and adventure. Mumbai squirms and pulses under the weight of three times the population density of New York City. It is both the commercial and entertainment centre of India, generating 5% of the country’s GDP and accounting for 25% of industrial output, 40% of maritime trade, and 70% of the nation’s capital transactions. Mumbai, sometimes still referred to as “Bombay,” is also a land of arresting dichotomy. For one, it is home to the world’s largest movie production industry…but just a short, bumpy ride from the glitz of Bollywood lays Dharavi, the largest slum in all of Asia. The latter area is a heaving mass of one million souls crammed into less than one square mile of unimaginable filth and grinding poverty. Needless to say, our visit to Mumbai’s underbelly was one of the most inspiring days of the whole trip.
The slum actually boasts an annual GDP of $660 million,” we wrote, awestruck after our short visit there, in The Rude Awakening. “The area, nestled between two railroad tracks, is bisected by an open-air sewage drain; commercial district on one side; residential on the other.
“On the commercial side, factories buzz around the clock, recycling the mass of waste spewed forth from around greater Mumbai. By day, ‘rag-pickers’ from the slum troll the city, collecting plastics, metals, bottles and all manner of other reusable matter. These materials are then melted down or repurposed in Dharavi before being sold back to metropolises all over India and, in some cases, across the region. Incredibly, all the machines are made on site. The men and women work 12 hours per day and each shift cooks a welcome meal for the incoming workers.
“Bound by the common oppression of multi-generational poverty, the people of Dharavi live and toil side by side, breaking their backs in the slum’s commercial district. Muslim people carve household Hindu temples, which then sell in the city’s markets, while the religious rift between the two groups rages on in the ‘outside world.’ Christian women watch over Muslim children, youngsters from different castes play together in the yards and Indian boys and girls learn in the slum’s schools alongside their classmates from all over Asia.”
Michael Hudson On The Basic Problem Of the EU
From an interview of economist Michael Hudson at iTulip:
“EJ: Who wins the political battle shaping up here between the PIIGS and their creditors? Within the structure of the euro?
MH: I guess whoever has the most guns politically. The Greeks are out on the streets. The French are out on the streets. They’re not like Americans. They’re really protesting and the class war is back in business over there. Same thing in Ireland.
EJ: My French friends will tell me they’re barbarians over there. We’re very civilized here in the United States.
MH: That’s our problem, as Freud said in “Civilization and its Discontents.”
EJ: I remember reading that book in college. He explained the conflict between the demands of society for individuals to stifle the animalistic behavioral foundations of human nature. Is there a way to diffuse the conflict? A muddle-through option? The IMF has been in and out of the Greek rescue.
Debtor versus creditor nations split the EU
MH: The IMF cannot be part of the solution. It’s part of the problem. The EU basically is part of the problem because it’s pro-financial. So the whole way in which the European Union is structured, basically in a centralized way to be run by the financial lobbyists, obviously isn’t working. The EU isn’t really like the United States. It doesn’t really have it’s own parliament and systematic taxes. The Germans are saying today that in the old days, a century ago, if a problem like this came up in, say, Latin America, the United States would send in the marines. They’d occupy the custom’s houses and as these governments made most of their money on charging customs on imports and exports the marines would collect it and pay the creditors.
But now what are the creditors going to do today? Are, let’s say, the Germans going to take over in Greece? Who will act as the equivalent of the Internal Revenue Service to collect the money? The Germans would have to promote not a military dictatorship as the colonel powers did in the old days but a popular government that would tax the rich and the Germans aren’t going to do that. The European Union, the creditors, because they support the right wing not the left wing, are preventing these governments from collecting taxes progressively to balance the budget and pay the debts. That’s the problem: it’s a right-wing versus left-wing problem. Unfortunately, there isn’t really a left wing in Europe to make this case very well. The social democrats have more or less abandoned what used to be an economic policy at the outset. They are now concerned more with political and social issues than economic issues. So there isn’t really a party in Europe that is taking the side of progressive economic policies. They’ve left economics and finance, and debt and credit policy, to the right wing to discuss among each other rather than making it a left-wing topic like it used to be a hundred years ago.
EJ: Isn’t that something of a global phenomenon?
MH: Yes.
EJ: I don’t see it as being terribly different here in the US.
MH: Or in Australia. The Labor Parties all over the world. The most right-wing parties that you can see are the labor parties of Australia and New Zealand where they were leading the privatization sell-offs and leading the tax shift favoring the financial sector. And they didn’t even realize it! They’ve somehow “decoupled” financial analysis from the social analysis that characterizes social democratic and labor parties from their outset a hundred years ago.”
My Comment:
Hudson is always interesting to read, as long as you keep in mind his basic Marxist orientation. So he gets the details right, and then he goes on about the old demon “right-wing” in rhetoric that doesn’t make sense to me, and that even his own writing betrays.
“So Old Europe is quite culpable for having promoted a kind of neo-liberalism that was so right-wing as never to have been able to get a foothold at all either in Western Europe or in the United States. In Latvia there is a flat tax on labor of over 50% and less than a 1% tax on property.”
But right-wingers are the ones arguing the hardest to abolish taxes, especially in this country….
So, with the acknowledgment that I’m an alert student of economics who’s been reading/researching the economic crisis for a few years, but whose main training is in history and politics, let me note the puzzling discrepancies I find in the writing of a man whose knowledge and industry experience are said to be impeccable by even people who don’t agree with him:
1. Why does MH blame “right wingers,” when it was Austrians and right-wingers who were vehemently opposed to the bail-out and to TARP that saddled the country with the banks’ debts? Since when are social-democrats right-wingers?
2. Monetarism and monetary intervention are uniformly advocated by all economists, from the so-called left to the so-called right. Indeed, it’s only the extreme right (to the right of the statist Chicago school) that criticizes all monetary intervention.
3. Why does Hudson argue against deflation? Deflation is the one thing that will ultimately put the economy back on track. All those overpriced houses would fall in price to within reach of the average citizen. Deflation might reduce wages but it will save pensioners and support savers (who have taken the brunt of the damage done by the boom).
4. A default by Greece would have helped the Euro, ultimately.
5. Why does Hudson think that inflating away a country’s debt is good for the working man or for pensioners or for small business? Inflation will whittle away at the currency, at savings, and at real income. None of which is good for ordinary people.
6. Hudson is right that Social Security and Medicare in the US are not entitlements, since people have all contributed to them. One solution to funding them is to dismantle the war machine. Convert all bases to peaceful uses. That requires no extra funding. Why is it that Hudson doesn’t raise that as an option?
7. Hudson claims that Latvian taxes are of a kind no Western nation would levy (50%) on labor. Really? Adding up all income taxes and sales taxes, taxes in the northern European countries are surely that high, and taxes in the US and UK are well on their way there.
8. Despite talking about “social culture” Hudson says nothing about whether the Eastern European countries have the same kind of business and social culture that have made the northern countries creditor countries. What are the rates of savings, of corruption, of business creation? What are the laws regarding property rights? What are the incentives, or lack thereof, for business?
China Defies US And Sells Gasoline To Iran
The Sino-US trade wars are heating up. On Friday, the US announced that it would impose stiff duties on Chinese-made oil country tubular goods, which are steel pipes used in the oil industry.
“According to US data, the OCTG trade case is the largest in US history against China imports valued at more than $2.6 billion in 2008 and about $1 billion last year.”
China responded on Tuesday with anti-dumping duties against the US and Russia:
“China has imposed anti-dumping and anti-subsidy duties on a U.S. specialty steel product, and also hit Russia with anti-dumping duties in the same case, its customs administration said.
U.S. producers will be assessed anti-dumping duties of up to 64.8 percent and anti-subsidy, or “countervailing,” duties of up to 44.6 percent on the grain-oriented electrical steel, it said on its website on Monday.
Grain-oriented electrical steel, also known as grain-oriented silicon steel, is used for the cores of high-efficiency transformers, electric motors and generators.
The state-backed China Chamber of Commerce of Metals, Minerals and Chemicals Importers and Exporters hailed the Ministry of Commerce’s April 10 ruling, which the Ministry has not yet publicly announced, state news agency Xinhua said.
“During the investigation the Ministry found that U.S. producers had received subsidies by the U.S. government, and their unfair competition hurt Chinese producers,” Xinhua said, quoting an unnamed person at the chamber of commerce.”
Meanwhile, China also announced its first trade deficit since May 2004
“According to the statistics from the General Administration of Customs, China’s exports were valued at US $112.11 billion in March, up by 24.3 percent year on year, while the imports were up by 66 percent to US $119.35 billion, trade deficit were US $ 7.24 billion. This is the first monthly trade deficit for China since May of 2004.”
What’s interesting is that this trade row with the US isn’t necessarily a sign of rising protectionism in China, as the media often reports. It seems to signal a move toward more trade with emerging markets in Asia and elsewhere. Thus at the recently concluded Boao Forum for Asia, (the Chinese Davos), the Chinese Vice-President called for open markets and not protectionism. Of course, this isn’t free trade, by any means, but state-driven mercantilism. It remains to be seen whether that is any better than state-driven protectionism.
Another example.
While some top oil-exporting countries have curbed their exports to Iran to avoid penalties from the US, state-owned Chinaoil has sold two cargoes of gasoline to Iran in defiance of the US, the first direct sales since January 2009.
As Russia has hardened its position and moved closer to the European and US stance, the Chinese move has become crucial for Iran. Iran continues to be the fifth largest exporter of crude in the world, but US sanctions have meant that its refineries have suffered from lack of foreign investment and it now relies on the world market for its gasoline needs.
Sir James Goldsmith: GATT, Nukes, Agribusiness Devouring Society
Sir James Michael Goldsmith, Anglo-French financier and corporate raider of the 1980s, is most infamous for taking over Goodyear Tires and restructuring it, thereby putting its many employees out of work.
In this deeply prophetic interview with Charlie Rose in 1994 he discusses his book about globalization, The Trap, and displays a more humane side of his complex intelligence.
In the earlier part of the interview (not shown here), Goldsmith gets into a heated debate with Clinton economic honcho Laura Tyson over the benefits of NAFTA and GATT in which Tyson comes off as both naive and uninformed.
In another part, Goldsmith calls Indian physicist and environmental activist Vandana Shiva “remarkable” and asks why it is that global “free” trade, supposedly so beneficial to developing countries, was protested widely and vigorously by huge numbers of people in India.
Take away points from the interview:
*This (globalization) is the establishment against the rest of society
*I am for big business until it devours society
*Big business loves total access to unlimited give-away labor
*In every developing nation you have a handful of people who control everything, the oligarchs
*This (globalization) is the poor in rich countries subsidizing the rich in the poor countries
(Lila: I’d add that the poor in poor countries are also subsidizing the rich in rich countries)*Free trade within homogeneous regions is to be preferred to global trade
(Lila: This coincides with something I’ve advocated for a while, on the principle of subsidiarity)*The European parliament is a force for pseudo-democratic institutions
*It’s already fixed by the two main parties, the Christian Democrats and the Socialists
*The people have a right to vote on the single most important economic decision of their life times
*Here in the USA we’ve had no debate on it (GATT) while we’ve had a huge debate about NAFTA which was a pimple
*GATT is going through because business wants it
*It’s a fix here (the US), as it is in Europe*We’ve allowed instruments that are supposed to serve us to become our masters
*GATT is an example of how an economic doctrine is going to destabilize our society
*Nuclear is another example. Here in Europe, we’ve not been allowed to discuss this disastrous form of energy, disastrous in terms both of economics and in terms of security
*Corporate agriculture is a third example of how we are destroying our societies
*The ruling machinery of government power in Europe is imposing this (GATT) without a debate
Amnesty International Says Repression Of Migrant Workers In Malaysia Must Stop
Malaysia has been promoted as a good destination for international travelers, retirees, and job seekers in Asia. But it’s also had serious and persistent problems with discrimination, not only in housing, education and work, but in working conditions for immigrants. This seems to be an endemic problem with Malaysia’s foreign manual laborers, who suffer conditions similar to those experienced by Asian workers (skilled and unskilled) in Dubai and other Middle Eastern countries:
“A report released by Amnesty International on Wednesday urged Malaysia to end migrant abuse and reform labour laws in order to better protect foreigners working in the country. The rights group said that many migrant workers are being forced to work long hours in harsh conditions and are subject to rape, abuse and unpaid labour. The rights group says these conditions amount to little short of ‘bonded labour’, adding that laws that allow employers to hold workers’ passports prevented them from leaving abusive workplaces for fear of arrest.
The report entitled ‘Trapped: The Exploitation of Migrant Workers in Malaysia’ accuses the Malaysian authorities of extortion, exploitation, arbitrary arrest and facilitating human trafficking of migrant workers through ‘loose regulation of recruitment agents and through laws and policies that fail to protect workers.’ More than 200 migrant workers, both legal and illegal, were interviewed for the compilation of the report. Amnesty has called on the Malaysian government to investigate abuses in the workplace and by police. Migrant workers constitute more than a fifth of the Malaysia’s work force.”
At a 10,000 man protest in 2007 by Hindu Malays over discrimination in favor of native-born Muslim Malays (bhumiputras), a Hindraf (Hindu rights action force) spokesman said:
“They [Malaysian Indians] are frustrated and have no job opportunities in the government or the private sector. They are not given business licenses or places in university.” (Reuters, November 25, 2007)
The Indians were also incensed by demolitions of Hindu temples at the time.
Last year (Sept, 2009), the government decided to ban the use of English in teaching math and physics to students, a practice introduced by former Prime Minister Mahathir in 2003 as essential to Malaysia’s competitiveness as a destination for foreign businesses. The reason given for the ban, which will take effect in 2012, is the poor performance of the students in those subjects and the deterioration in English language skills, but some consider the real reason to be intense lobbying against English by Malay nationalists.
Native Malays continue to be Muslim by force. Take the famous case of Azlina Jailani who at 26 converted to Christianity and changed her name to Lina Joy. Under Malay law she’s still a Muslim, since Malay Muslims are forbidden from converting. She’s been fighting in the courts since 1999 to become a Christian legally.
“Every Malaysian citizen over the age of 12 must carry an identification card, called a MyKad, which states the bearer’s religion. In 1999, Joy, a sales assistant, succeeded in getting officials to change her name on the card. Although she said she had been baptized in 1998, she was not able to have the word Islam removed from the card. Her fight to do that is what got her to Federal Court.
It is not possible to be an ethnic Malay in Malaysia without being a Muslim. Apostasy or conversion is a punishable offence in most states in Malaysia, either with a fine, a jail sentence or both. Muslims, most of them ethnic Malays, make up 60 percent of Malaysia’s population and dominate public institutions in an uneasy balance that has remained touchy since anti-Chinese race riots in 1969 that are presumed to have killed hundreds on either side of the ethnic divide. Some 25 percent of Malaysians are ethnic Chinese, followed by Indians with about 11 percent. Indigenous peoples and non-citizens make up the rest.”
(Asia Sentinel, 27th April, 2007)
Joy’s case was finally dismissed in May 2007 and the Federal court ruled that only the Shariya court could remove Joy’s identification as a Muslim on her national ID card.
This is “secular” Malaysia.
And meanwhile, statists in the Anglophone world continue to labor under the delusion that a national ID card is somehow in the interests of the citizenry and intended to protect them from harm.
As the case of Malaysia shows, ID cards are always about control of the population.
Vandana Shiva: The Outsourcing of Pollution
Environmental activist, Vandana Shiva, on the outsourcing of pollution to India.
Surreal India
Daily life in India grows more surreal for the ordinary man, says writer Pritish Nandy:
“You can’t afford food? No worries, we will give you a stunning cricket extravaganza with lots of movie stars and pretty cheerleaders.
You feel insecure because Maoists are now in 20 states and have killed more people than the jihadis? Don’t bother, we will buy you a $2.35 billion refurbished old Russian warship.
Your cities are crumbling under the pressure of migration because agriculture’s no longer a sustainable profession? No stress, we will build you fancy bridges and flyovers and walkways where no one will ever walk.
You can’t find a job despite all your education? No sweat, we promise 30% reservations for women in the Lok Sabha.
Increasing terrorist strikes are scaring you? Chill yaar, we will give you the perfect Indo-US nuclear deal.
Public transportation in the cities is on the verge of collapsing? Not an issue, we are building helipads at prominent locations.”
– Pritish Nandy, “The Wonderland That’s India,” Times of India, March 15, 2010
Vatican Moves Away from Frankenfoods
The head of the Pontifical Council for Justice and Peace, Cardinal Peter Turkson, has moved away from his predecessor’s support for developing genetically modified food to alleviate hunger in poor countries. Instead, he argues that adoption of the “precautionary principle” is warranted:
“There are a lot of claims that are disputed (like) that GMOs never call for the use of pesticides or insecticides or anything because they are resistant,” he said. Such claims have been challenged, he said, and some say “at a certain point (these crops) require insecticides whose chemicals break up later in the soil and render the soil less fertile.”
Given the disputed claims and doubts, “I think that we should go easy and probably satisfy all of these objections to the full satisfaction of those who raise these objections,” he said.
Because of the companies’ control over the patented seeds, “what is meant to alleviate hunger and poverty may actually in the hands of some people become really weapons of infliction of poverty and hunger,” Cardinal Turkson said.
Previously, opponents of GM carried the burden of proving that some harm was being inflicted. Under the PP, companies that planned on introducing genetic changes into an organism would have to bear the burden of proving that it was safe.
While this might seem counter-libertarian, I would argue it is not.
1. Since changes in genetics are impossible to regulate post facto, they cannot be subject to the usual economic arguments available to libertarians. The potential devastation is so irreparable that the principle of liberty demands that the bar be raised ahead of the event.
2. Biotechnology as an industry is concentrated in so few and such large companies, that free market conditions do not prevail at all in other respects. The companies owe their position in the market to their influence on government regulations and laws, to begin with. That suggests that there will be little in the way of normal market forces to check their natural profit-seeking from turning into rent-seeking based on preferential treatment, captive markets/monopoly, and government enforcement. PP is simply a thoughtful mechanism to prevent profit from careening into plunder.
Bottom line, PP prevents looting or theft.
That makes it libertarian.
Illegal Immigrant Workers
David Kramer, at Lew Rockwell blog:
“You know what an “illegal” immigrant worker is, don’t you? It’s someone who voluntary decides to move from one piece of land on the planet Earth to another piece of piece of land on the planet Earth because he or she knows of a person at that second piece of land on the planet Earth who wants to voluntarily exchange with him or her a medium of exchange for his or her labor services—but wasn’t given permission to by a third party with a gun (i.e., the government).”
Portugal and Spain In Trouble Too…
Will Frankfurt (the European Central Bank) come to the rescue of Greece, or Spain, or Portugal? Maybe in the end, but not now, reports Ambrose Evans-Pritchard in The Telegraph:
“Mr Callow of Barclays said EU leaders will come to the rescue in the end, but Germany has yet to blink in this game of “brinkmanship”. The core issue is that EMU’s credit bubble has left southern Europe with huge foreign liabilities: Spain at 91pc of GDP (€950bn); Portugal 108pc (€177bn). This compares with 87pc for Greece (€208bn). By this gauge, Iberian imbalances are worse than those of Greece, and the sums are far greater. The danger is that foreign creditors will cut off funding, setting off an internal EMU version of the Asian financial crisis in 1998.
Jean-Claude Trichet, head of the European Central Bank, gave no hint yesterday that Frankfurt will bend to help these countries, either through loans or a more subtle form of bail-out through looser monetary policy or lax rules on collateral. The ultra-hawkish ECB has instead let the M3 money supply contract over recent months.”
Mr Trichet said euro members drew down their benefits in advance — “ex ante” — when they joined EMU and enjoyed “very easy financing” for their current account deficits. They cannot expect “ex post” help if they get into trouble later. These are the rules of the club.”
What China Wants
The Financial Times points out the quirks in the Chinese market that have Western companies racking their brains to stay on top of sales:
“The big spender in China, in years past and even more so today, is the state: private consumption as a percentage of gross domestic product has fallen from 60 per cent in 1968 to 36 per cent last year and could be as low as one-fifth in 2009 as the government ramps up capital investment.
In fact, the Chinese, who already have a world-beating savings rate of nearly 40 per cent of their income, tend to become more frugal when times are tough. As bank deposit rates decline, most of us spend more. The Chinese tend to stash away even greater sums to make up for the lost interest. The reason for this conservatism is the lack of a social safety net in China – citizens have to provide for their own medical care, old age and possible unemployment.
This makes them “penny pinching, ruthless, suspicious shoppers”, says Tom Doctoroff, north Asia director of advertising agency JWT and a writer on Chinese consumer trends. In a recession this behaviour only grows worse. “The downturn has made people keener on finding the cheapest deal,” says Yuval Atsmon, an associate principal in McKinsey’s Shanghai office. Even when they can easily afford it, buying a PC typically involves six visits to a store, and more often than not, customers will wait six months before making their decision after consulting blogs, online comparison sites and – the most important source of information in China – friends and family. Sales of copycat mobile phones, with all the functions of top models but a lower price, have soared from 17 million units in 2006 to 62 million units last year.
Brand consciousness is high, at least in the big cities, but brand loyalty is much lower than in the west. A price cut or good in-store promotion can often sway shoppers. And for cultural reasons, appealing to an individual’s taste or personal comfort typically doesn’t work, Doctoroff points out. A purchase either has to publicly signal status or wealth, like a flashy car does. Or provide a practical benefit: the latest craze in China is chocolate with added calcium, eaten not for pleasure but for the health benefits. The growing appeal of diamonds to women is not based on romance, but as a financial signal of a man’s commitment. Trust is another key issue in a country where so many consumer products are faked. Chinese mothers, for example, will pay 30 per cent more for safe baby milk – and this should favour foreign brands.
But foreign retailers and manufacturers have to cope with vast regional differences in demographics, language and culture that make it hard to plan a single marketing strategy – indeed treating China like a single country is usually a mistake. Natives of Zhejiang on the east coast like “toilet roll as rough as sandpaper”, the former head of Wal-Mart China liked to observe, a penchant thankfully absent elsewhere. Atsmon points out that cities even an hour apart can be entirely different: in southern Shenzhen, more than four-fifths of the population consists of migrant workers, mostly under the age of 35, who speak Mandarin and drink in bars. In nearby Guangzhou, migrants number just over a quarter, more people are older, enjoy watching Cantonese TV and go out to restaurants to drink with family members. Adequately addressing such niches requires an army of local suppliers, costly infrastructure and several layers of wholesalers and intermediaries. Even then, success may remain as elusive as it always has been: “No matter what you may be selling, your business in China should be enormous, if the Chinese who should buy your goods would only do so,” lamented Carl Crow, an advertising executive in Shanghai and author of the original book on how to sell to the Chinese … more than 70 years ago.”
Did Bethany McLean Even Break The Enron Story?
n “Enronathon,” Seth Mnookin of The Wall Street Journal suggests Bethany McLean wasn’t quite the first person to break the story of Enron…and that she had a good bit of unacknowledged help:
“If journalism were in the Olympics, the Enron story might well be pairs figure skating. Bethany McLean, the young Fortune writer who first wrote about Enron’s shady finances a year ago, has, of course, already been awarded the gold.
And with that have come the requisite endorsements: In the past two months, she was hired as a consultant by NBC News and shared in a $1.4 million deal to co-author a book on the scandal. But another team is also vying for top honors — amid complaints about shoddy judging.
Reporters and editors at the Wall Street Journal believe their work has been unjustly ignored, with some wondering whether Pulitzer rivals like the Washington Post and the New York Times have gone out of their way to praise McLean.
Enron did not collapse under its own weight,” says Jonathan Friedland, the Journal editor who’s been in charge of much of the paper’s Enron coverage. “Without our reporting, I don’t think any of this would have happened.”
In response, McLean’s former editor at Fortune and current Time Inc. editorial director John Huey says, “Bethany was the first journalist in a widely respected national publication to suggest that the emperor at Enron had no clothes.” (Not that her own publication took much note: Fortune had to airbrush out Kenneth Lay from a November SMARTEST PEOPLE WE KNOW cover photo.) Let’s recap: In September 2000, Jonathan Weil wrote a long story for the now-defunct Texas edition of the Journal about odd accounting at various Texas-based energy traders; it included four paragraphs on Enron.
James Chanos, a well-known short-seller who was one of the first to start unloading Enron stock, says he got interested in the company after reading Weil’s piece.
Almost six months later, in March 2001, the then 30-year-old McLean (who Times columnist Maureen Dowd has suggested will be played by Alicia Silverstone in the inevitable movie) wrote her little-noticed 2,400-word story, “Is Enron Overpriced?”
Then, in October, the Journal ran a three-day series by Rebecca Smith and John Emshwiller detailing Enron’s unorthodox partnerships. Their articles are seen by many on Wall Street as ultimately sinking the company. Weil’s partisans think he should get credit for crossing the finish line first (an item, “Credit Due,” ran in “Page Six” recently).
But even Chanos says that “Bethany’s piece was the first one to raise really specific questions.”
Most of the Journal’s brain trust, though, are plugging Smith and Emshwiller, who, of course, wrote their stories in 2001 and are thus eligible for this year’s Pulitzers. “The Fortune story basically said this is a company that nobody understands,” says Journal deputy managing editor Daniel Hertzberg. “It didn’t show what was wrong with the company. It took Becky and John to do that.” That’s the competition.
Now for the judging. In January, Howard Kurtz, the Washington Post’s media writer, highlighted McLean as the first journalist to ask questions about Enron. Ten days later, the Times‘ Felicity Barringer wrote her profile of “the financial reporter everyone loves to lionize.” While McLean was being anointed as a journalistic sex symbol in a story hitherto dominated by a balding Kenneth Lay, folks at the Journal felt they were being robbed:
“People are trying to queer the Pulitzer pitch for the Journal,” says one editor there. That’s sour grapes, counters Kurtz: “In this case, a 31-year-old reporter beat them and the rest of the world by a considerable margin.”
In a bit of circular logic endemic to media reporters, Kurtz adds, “I must have been onto something, since after my piece appeared, she was profiled in the Times, given a contract by NBC, and offered a book deal.” As for McLean, she seems slightly embarrassed by all the attention. “I’ve told people I’ve gotten too much credit,” she says. “I did raise alarm bells, but I didn’t know the half of it.” “Read more: Enronathon http://nymag.com/nymetro/news/media/features/5756/#ixzz0dvvQZvUI
My Comment:
Please note also that the book was co-authored with Peter Elkind, who isn’t attributed in many of the stories.
Not that I’m all that sympathetic to the Wall Street Journal on the Enron story, since they don’t give credit to the alternative press either, and what goes around comes around. (My own experiences of plagiarism from articles and books can be found at the tab, ABOUT - half-way down the page).
If liberal columnists steal without attribution even from liberal bloggers, can you imagine the cone of silence that descends when the victim isn’t liberal? Libertarians and conservatives get stripped clean by the vultures of the “free” (of all ethics) press.
With them, it’s never about public welfare or the good of the nation, even though that’s the standard that they like to foist on other people. Even with the global economy melting down under their noses, they’re jealous of sharing the information that activists, bloggers, and ordinary citizens give out generously for the common good.
(Again, there are honorable exceptions).
In short, they make up credit - just like the Federal Reserve.
Or they steal it - like their banker friends.
Or they collude with each other to “take-down” anyone not part of their game - just like their hedge-fund allies.
And no matter what, they always cover for each other.
Notice how other people’s personal lives are fair game for stalking, extortion, and exposes, but never theirs, as this piece on Maria Bartiromo suggests.
(Ms. McLean figures in that piece too. In fact, a brief google tells us that McLean´s had plagiarism problems and conflicts of interest more than a couple of times).
Item One. Here’s an earlier complaint about Fortune magazine plagiarism. A Fortune writer apparently used material from interviews and articles by an outfit called Annex Research, without attributing or acknowledging it. An email to Fortune got no response, either. The Fortune writer? Bethany McLean…
Item Two: McLean at it again, swiping material from the Orange County Register Weekly
Item Three: Libertarian economist, Bill Anderson, in a piece called “The Most Dishonest ´Journalists´ In the Room,” describes how McLean was having a romantic relationship with the lead prosecutor in the Enron trial, Sean Berkowitz, before the sentencing, while she was covering the trial and getting out the government´s side of the story. Omitted in that story as well was the disturbing fact that the prosecutor had suborned perjury in order to get a full conviction of Jeffrey Skilling.
And that´s besides Item Four….
That fetching stock-manipulation thing she had going with hedge buddies Marc Cohodes and Jim Chanos.
No wonder none of them can get the story right.
And no wonder they still won’t get it straight, not until after activists, or bloggers, or less-known writers at their own outfits or elsewhere do the hard work. Then they’ll slide in to take the credit.
Nice work.
Just as cushy and exploitative as anything on Wall Street, in its way.
Business men and real capitalists do the hard work of producing. Then the faux capitalist money-men and their shills in government rush in to cream the money off and cover themselves with glory via their mouthpieces in the shill media.
No wonder the media doesn’t understand capitalism. No wonder they love the crony capitalist bordello they call home. It’s the only one they know, the poor things.
[Again, they really ARE a minority of journalists, just a powerful minority. There are hundreds of honorable hard-working journalists who write their own stories rather than steal them off the net, whose names never get into headlines, and who wouldn't be caught dead behaving like this].
And don’t miss the other telling details:
Enron’s Ken Lay was a Republican.
Goldman Sachs is a Democrat cash-cow, for the most part.
Jim Chanos, hedge-fund master mind, used to work at Deutsch Bank.
And Bethany McLean was once a Goldman Sachs banker….. (Maybe that explains her kid-glove treatment of Hank at Vanity Fair).….
….And her equally interesting white-washing of Spyro Contogouris, who colluded with hedge funds to attack Prem Watsa’s Fairfax Financial.
Honestly. Rielle Hunter has nothing on any of these gold-diggers.
Climategate: Indian Environment Minister Says IPCC Wrong On Glaciers Melting
There are some interesting developments on the climate-gate frontier.
Apparently, the Himalayan glaciers aren’t melting, after all.
Or at least, not as fast as the IPCC (the Intergovernment Panel on Climate Change , the UN body tasked with climate change) thinks they should. (more…)
Bernard Stiegler On Justice And Shame
French philosopher Bernard Stiegler writes about the need to have an ideal that informs the competition of the market place. This ideal would prevent competition and efficiency from degenerating into what he calls shamelessness, a state he associates both with globalization and with the suppression of individuation in modern societies:
“Imitation cannot be the first or unique principle of a new political and economic community. It is precisely to the degree that relations between countries allied in the same political community are not reduced to economic exchanges and competition, but instead presuppose a common interest above particular interests, that one can distinguish between a political union and a simple league of economic interests like the Hanseatic League or the Alena today, as well as countless other zones of special economic exchanges.
Ron Paul: No Military Occupation Of Haiti
Statement of Congressman Ron Paul, United States House of Representatives Statement in Opposition to H Res 1021, Condolences to Haiti, January 21, 2010
I rise in reluctant opposition to this resolution. Certainly I am moved by the horrific destruction in Haiti and would without hesitation express condolences to those who have suffered and continue to suffer. As a medical doctor, I have through my career worked to alleviate the pain and suffering of others. Unfortunately, however, this resolution does not simply express our condolences, but rather it commits the US government “to begin the reconstruction of Haiti” and affirms that “the recovery and long-term needs of Haiti will require a sustained commitment by the United States….”
Obama’s Man In China - Jon Huntsman Jr.
I’ve been thinking that any real change in the US..or anywhere else… will only come from outside politics, from business, or from technology, or from a cultural trend (such as, off-grid living) or from a spiritual movement. But occasionally, I wonder if some politician could actually push things in a new direction, make some kind of real difference.
Recently, some people have been touting a GOP dark horse who´s joined Team Obama. That’s former Utah governor and current Ambassador to China, Jon Huntsman Junior, who even struck some writer at the Washington Post as a potential ‘next big thing.’ (more…)
Is Latin America Moving Right?
Alvaro Vargas Llosa of the Independent Institute asks whether Latin America is moving right and what that could mean:
“Chile’s runoff election this month will probably mean the end of the center-left coalition’s two-decade hold on power and the emergence of businessman Sebastian Pinera as a political tour de force.
Lanka Needs Soros Like A Hole In The Head
“In 1992, Soros earned the epithet “the man who broke the Bank of England” by demanding the Bank to raise its interest rates or to float the currency (so that he could make more money). The Bank did neither. He retaliated by selling “short” more than $10 billion worth of pound sterling, forcing the Bank of England to depreciate the pound: Soros amassed an estimated US$ 1.1 billion in the process.
The Machinery of Habit
A piece I wrote four years ago, The Burgh: Downsizing,” examines the nature of change and habit in relation to urban economies transformed by globalization and war.
“The boys come in and the beer flows. Ricardo tells us about training. Four-mile runs, 200 push-ups every morning, wall-climbing. “They break you, man,” he shakes his head. “They make you tough.
“I said I hoped so, considering where he was going. But Melanie, who studies the theology of the medieval anchoress Juliana of Norwich and sells papers on a corner in Oakland for the Socialist Worker, is more worried about his getting into what she calls killing mode. I ask her if a mode is the same as a habit. It takes time after all to form a habit. A mode on the other hand sounds like a gearshift on an Audi. And if you can shift into a gear, you can shift out. Maybe it’s really a question of what sort of habits. Learning, retraining, moving need effort. They don’t come easily. But war is a machinery that moves on its own and blood-lust, like a winter flu, might be easy to pick up and impossible to get rid of.
War and demolition come too easily to human nature. And take away too much. Anything worth pursuing, on the other hand, needs to be stalked through the years with the patience and vigilance of a hunter, cultivated through seasons of scarcity and remembered in times of forgetting. In our sophistication we laugh at those who buy dear and hold dearer. Who stay when they should have left. Bag holders. Fools. Who step into the river and expect the waters to stay the same. The immobilized in our mobile society. What is the value of an abandoned church, an obsolete mill, an aging worker? Flux, we shrug, is the only certainty. Change is the first law of nature.
“People talk about joining but they don’t,” says Ricardo, “I’m the only one who did.” He sounds proud.
“I ask him if he thinks good health insurance and tuition money are worth risking his life for. He laughs.
“Look — I ain’t gonna die. Most of the guys who teach me, they’ve been there. They got through. More chances I’d get shot in a ghetto. So some guy’s lost an arm…or a leg. So what? All this new technology now, reconstruction…they can make you another leg; it’s really no big deal.”At 26, you can think of that as a good trade. An amputation of the body or the mind is all it takes to keep up with change. Like those translucent lizards which shed their tails seasonally as they wait immobile and vigilant for flies on dusty window sills, we might grow new limbs just as good. New memories to replace old ones. Here in the hills, at the confluence of three rivers, we have learned not to resist the laws of nature.
“But perhaps we don’t live by nature alone. Perhaps, as Juliana of Norwich said, we also need mercy and grace.”
“The need to change and the machinery of habit that makes it difficult - a theme I find myself returning to , over and over, especially when I’m confronted with the depressing spectacle of people going back to the same propaganda, the same bogus assertions that caused this global catastrophe in the first place.
Going back, like dogs to vomit.
I’m sorry if that sounds ugly, but what’s happening now in DC is ugly….and very very dangerous.
Delingpole On Wiki Manipulation
James Delingpole on Wiki manipulation…
“If you want to know the truth about Climategate, definitely don’t use Wikipedia. “Climatic Research Unit e-mail controversy”, is its preferred, mealy-mouthed euphemism to describe the greatest scientific scandal of the modern age. Not that you’d ever guess it was a scandal from the accompanying article. It reads more like a damage-limitation press release put out by concerned friends and sympathisers of the lying, cheating, data-rigging scientists
Which funnily enough, is pretty much what it is. Even Wikipedia’s own moderators acknowledge that the entry has been hijacked, as this commentary by an “uninvolved editor” makes clear.”
Which is just what we said a while back
You get the scoop here…
“Scientific” Academies Need A Taste Of RICO Too
Alan Caruba , a conservative writer and reviewer:
“Consider a letter dated October 21, 2009 and signed by the presidents of the American Association for the Advancement of Science, the American Geophysical Union, the American Meteorological Society, the American Society of Plant Biologists, the Association of Ecosystem Research Center, the American Chemical Society, the American Institute of Biological Sciences, the American Society of Agronomy, the American Statistical Association,
And the Botanical Society of America, the Crop Science Society of America, the Natural Science Collections Alliance, the Society of Industrial and Applied Mathematics, the Soil Science Society of America, the Ecological Society of America, the Organization of Biological Field Stations, the Society of Systematic Biologists, and the University Corporation for Atmospheric Research.
Together, they asserted that “Observations throughout the world make it clear that climate change is occurring, and rigorous scientific research demonstrates that the greenhouse gases emitted by human activities are the primary driver.” It went on to repeat all the usual scary scenarios of rising sea levels, urban heat weaves, wildfires, and other climate-related events.
In a footnote, the letter to U.S. Senators said, “The conclusions in this paragraph reflect the scientific consensus represented by, for example, the Intergovernmental Panel on Climate Change and the U.S. Global Change Research Program.”
We now know that the “science” being cited by these two entities was, at least in the case of the IPCC, totally rigged, but the presidents of these alleged science-based organizations took it on face value despite ample scientific evidence it was false. The revelations of emails exchanged between the perpetrators of the hoax have demonstrated the deceptions…….
In light of this, who can trust these organizations? And who can trust the “science” produced by NASA and other U.S. agencies that have benefited from billions in grants directed at so-called climate, i.e. global warming research?”
IPCC Chief Pachauri Central To Cap-and-Trade Scam
From Mish Shedlock:
“The crux of the scheme is this: European steelmakers have threatened to leave the EU for India, eliminating the jobs of thousands of workers in the process, unless the EU grants the steelmakers free carbon credits worth hundreds of millions of dollars.
Eurofer, a European trade group, is at the center of the scheme. The web of the plot, however, weaves in not only several companies, but also the United Nations’ climate change chief:* Among its members, Eurofer represents two EU steelmakers, Corus Redcar and ArcelorMittal, each of which has ties to India as well as to Rajendra K. Pachauri, the Indian industrial engineer who has been chairman of the U.N. Intergovernmental Panel on Climate Change, or IPCC, since 2002.
* Eurofer appears to have coordinated a threat to the European Union Greenhouse Gas Emission Trading System that its steelmakers would move their operations from the EU to India unless the EU cap-and-trade exchange issued them – at no cost – carbon emissions permits worth hundreds of millions of dollars.
* Once the bureaucrats in Brussels acquiesced, Corus Redcar and ArcelorMittal maneuvered to cash in windfall profits from the EU carbon permits given them at no cost.
* Additionally, Corus Redcar has now announced a decision to close operations in Great Britain nonetheless and relocate its steelmaking activities to India in order to gain additional U.N. carbon credits.
Ironically, EU and U.N. officials who might have thought requiring cap-and-trade permits would operate as “protection racket” in which EU companies need to buy carbon credits to continue operations, have now found themselves on the losing end of the reverse scheme.
In the final analysis, the winners are the European Union corporations willing to play hardball with the European Union Greenhouse Gas Emission Trading System, and the losers are the EU middle class workers that are held hostage in the scheme.”
Open Letter To The Secretary-General Of UN
Wednesday, December 9th 2009, 2:07 AM ESTCo2sceptic (Site Admin)Dear Secretary-General,
Climate change science is in a period of ‘negative discovery’ - the more we learn about this exceptionally complex and rapidly evolving field the more we realize how little we know. Truly, the science is NOT settled.
Therefore, there is no sound reason to impose expensive and restrictive public policy decisions on the peoples of the Earth without first providing convincing evidence that human activities are causing dangerous climate change beyond that resulting from natural causes. Before any precipitate action is taken, we must have solid observational data demonstrating that recent changes in climate differ substantially from changes observed in the past and are well in excess of normal variations caused by solar cycles, ocean currents, changes in the Earth’s orbital parameters and other natural phenomena.
We the undersigned, being qualified in climate-related scientific disciplines, challenge the UNFCCC and supporters of the United Nations Climate Change Conference to produce convincing OBSERVATIONAL EVIDENCE for their claims of dangerous human-caused global warming and other changes in climate. Projections of possible future scenarios from unproven computer models of climate are not acceptable substitutes for real world data obtained through unbiased and rigorous scientific investigation.
Specifically, we challenge supporters of the hypothesis of dangerous human-caused climate change to demonstrate that:Variations in global climate in the last hundred years are significantly outside the natural range experienced in previous centuries;
Humanity’s emissions of carbon dioxide and other ‘greenhouse gases’ (GHG) are having a dangerous impact on global climate;
Computer-based models can meaningfully replicate the impact of all of the natural factors that may significantly influence climate…”
For the rest of the post and the complete list of signatories, see Climate realists.
Danish Climate-Gate
From the Washington Examiner:
“Police and authorities in several European countries are investigating scams worth billions of kroner, which all originate in the Danish quota register. The CO2 quotas are traded in other EU countries.
“Denmark’s quota register, which the Energy Agency within the Climate and Energy Ministry administers, is the largest in the world in terms of personal quota registrations. It is much easier to register here than in other countries, where it can take up to three months to be approved.
“Ekstra Bladet reporters have found examples of people using false addresses and companies that are in liquidation, which haven’t been removed from the register.
“One of the cases, which stems from the Danish register, involves fraud of more than 8 billion kroner. This case, in which nine people have been arrested, is being investigated in England.
“The market for CO2 trade has exploded in recent years and is worth an estimated 675 billion kroner globally.”
Climate-Gate: Summary
I found this excellent summary posted by a contributor to the New York Times blog of the evidence of manipulation of data in the outed emails:
• Phil Jones writes to University of Hull to try to stop sceptic Sonia Boehmer Christiansen using her Hull affiliation. Graham F Haughton of Hull University says its easier to push greenery there now SB-C has retired.(1256765544)
• Michael Mann discusses how to destroy a journal that has published sceptic papers.(1047388489)
• Tim Osborn discusses how data are truncated to stop an apparent cooling trend showing up in the results (0939154709).
Analysis of impact here. Wow!
• Phil Jones describes the death of sceptic, John Daly, as “cheering news“.
• Phil Jones encourages colleagues to delete information subject to FoI request.(1212063122)• Phil Jones says he has use Mann’s “Nature trick of adding in the real temps to each series “…to hide the decline”. Real Climate says “hiding” was an unfortunate turn of phrase.(0942777075)
• Letter to The Times from climate scientists was drafted with the help of Greenpeace.(0872202064)
• Mann thinks he will contact BBC’s Richard Black to find out why another BBC journalist was allowed to publish a vaguely sceptical article.(1255352257)
• Kevin Trenberth says they can’t account for the lack of recent warming and that it is a travesty that they can’t.(1255352257)
• Tom Wigley says that Lindzen and Choi’s paper is crap.(1257532857)
• Tom Wigley says that von Storch is partly to blame for sceptic papers getting published at Climate Research. Says he encourages the publication of crap science. Says they should tell publisher that the journal is being used for misinformation. Says that whether this is true or not doesn’t matter. Says they need to get editorial board to resign. Says they need to get rid of von Storch too. (1051190249)
• Ben Santer says (presumably jokingly!) he’s “tempted, very tempted, to beat the crap” out of sceptic Pat Michaels. (1255100876)
• Mann tells Jones that it would be nice to ‘”contain” the putative Medieval Warm Period’. (1054736277)
• Tom Wigley tells Jones that the land warming since 1980 has been twice the ocean warming and that this might be used by sceptics as evidence for urban heat islands.(1257546975)
• Tom Wigley say that Keith Briffa has got himself into a mess over the Yamal chronology (although also says it’s insignificant. Wonders how Briffa explains McIntyre’s sensitivity test on Yamal and how he explains the use of a less-well replicated chronology over a better one. Wonders if he can. Says data withholding issue is hot potato, since many “good” scientists condemn it.(1254756944)• Briffa is funding Russian dendro Shiyatov, who asks him to send money to personal bank account so as to avoid tax, thereby retaining money for research.(0826209667)
• Kevin Trenberth says climatologists are nowhere near knowing where the energy goes or what the effect of clouds is. Says nowhere balancing the energy budget. Geoengineering is not possible.(1255523796)• Mann discusses tactics for screening and delaying postings at Real Climate.(1139521913)
• Tom Wigley discusses how to deal with the advent of FoI law in UK. Jones says use IPR argument to hold onto code. Says data is covered by agreements with outsiders and that CRU will be “hiding behind them”.(1106338806)
• Overpeck has no recollection of saying that he wanted to “get rid of the Medieval Warm Period”. Thinks he may have been quoted out of context.(1206628118)
• Mann launches RealClimate to the scientific community.(1102687002)
• Santer complaining about FoI requests from McIntyre. Says he expects support of Lawrence Livermore Lab management. Jones says that once support staff at CRU realised the kind of people the scientists were dealing with they became very supportive. Says the VC [vice chancellor] knows what is going on (in one case).(1228330629)
• Rob Wilson concerned about upsetting Mann in a manuscript. Says he needs to word things diplomatically.(1140554230)
• Briffa says he is sick to death of Mann claiming his reconstruction is tropical because it has a few poorly temp sensitive tropical proxies. Says he should regress these against something else like the “increasing trend of self-opinionated verbiage” he produces. Ed Cook agrees with problems.(1024334440)
• Overpeck tells Team to write emails as if they would be made public. Discussion of what to do with McIntyre finding an error in Kaufman paper. Kaufman’s admits error and wants to correct. Appears interested in Climate Audit findings.(1252164302)
• Jones calls Pielke Snr a prat.(1233249393)
• Santer says he will no longer publish in Royal Met Soc journals if they enforce intermediate data being made available. Jones has complained to head of Royal Met Soc about new editor of Weather [why?data?] and has threatened to resign from RMS.(1237496573)
Finished in next post …
November 21st, 2009
11:29 am
Continued from previous:• Reaction to McIntyre’s 2005 paper in GRL. Mann has challenged GRL editor-in-chief over the publication. Mann is concerned about the connections of the paper’s editor James Saiers with U Virginia [does he mean Pat Michaels?]. Tom Wigley says that if Saiers is a sceptic they should go through official GRL channels to get him ousted. (1106322460)
[Note to readers - Saiers was subsequently ousted]• Later on Mann refers to the leak at GRL being plugged.(1132094873)
• Jones says he’s found a way around releasing AR4 review comments to David Holland.(1210367056)
• Wigley says Keenan’s fraud accusation against Wang is correct. (1188557698)
• Jones calls for Wahl and Ammann to try to change the received date on their alleged refutation of McIntyre [presumably so it can get into AR4](1189722851)
• Mann tells Jones that he is on board and that they are working towards a common goal.(0926010576)
• Mann sends calibration residuals for MBH99 to Osborn. Says they are pretty red, and that they shouldn’t be passed on to others, this being the kind of dirty laundry they don’t want in the hands of those who might distort it.(1059664704)
• Prior to AR3 Briffa talks of pressure to produce a tidy picture of “apparent unprecedented warming in a thousand years or more in the proxy data”. [This appears to be the politics leading the science] Briffa says it was just as warm a thousand years ago.(0938018124)
• Jones says that UK climate organisations are coordinating themselves to resist FoI. They got advice from the Information Commissioner [!](1219239172)
• Mann tells Revkin that McIntyre is not to be trusted.(1254259645)
• Revkin quotes von Storch as saying it is time to toss the Hockey Stick . This back in 2004.(1096382684)
• Funkhouser says he’s pulled every trick up his sleeve to milk his Kyrgistan series. Doesn’t think it’s productive to juggle the chronology statistics any more than he has.(0843161829)
• Wigley discusses fixing an issue with sea surface temperatures in the context of making the results look both warmer but still plausible. (1254108338)
• Jones says he and Kevin will keep some papers out of the next IPCC report.(1089318616)• Tom Wigley tells Mann that a figure Schmidt put together to refute Monckton is deceptive and that the match it shows of instrumental to model predictions is a fluke. Says there have been a number of dishonest presentations of model output by authors and IPCC.(1255553034)
• Grant Foster putting together a critical comment on a sceptic paper. Asks for help for names of possible reviewers. Jones replies with a list of people, telling Foster they know what to say about the paper and the comment without any prompting.(1249503274)
• David Parker discussing the possibility of changing the reference period for global temperature index. Thinks this shouldn’t be done because it confuses people and because it will make things look less warm.(1105019698)
• Briffa discusses an sceptic article review with Ed Cook. Says that confidentially he needs to put together a case to reject it (1054756929)
• Ben Santer, referring to McIntyre says he hopes Mr “I’m not entirely there in the head” will not be at the AGU.(1233249393)
• Jones tells Mann that he is sending station data. Says that if McIntyre requests it under FoI he will delete it rather than hand it over. Says he will hide behind data protection laws. Says Rutherford screwed up big time by creating an FTP directory for Osborn. Says Wigley worried he will have to release his model code. Also discuss AR4 draft. Mann says paleoclimate chapter will be contentious but that the author team has the right personalities to deal with sceptics.(1107454306
Gold Sinks Further, Dollar Surges..
We will need to see a few more days of supporting action, but as of now, it looks like gold might be beginning the long-awaited correction.
How deep that will go is anyone´s guess, though the recent central bank buying is supposed to lay a floor for it above $1000. Now, normally I wouldn´t bet the house on that, but I´ve come to see that pronouncements from insider analysts (at GS) are no longer just market analysis to be weighed. They are announcements about the course of action the banking cartel is going to be supporting.
The trigger for this? I think it´s that upbeat jobs number, which is probably taking some speculative money out of gold …especially as gold is technically very overbought and institutional buyers want to lock in profits before the year end.
Dubai is more important than most commentators think, even Marc Faber. They say the numbers involved are too small.
But, as I blogged earlier, they´re not seeing the contagion possible.
Here´s what they´re discounting:
1 We don´t know what the numbers from Dubai really are. We can´t be absolutely sure. They keep changing them. $125 billion (the highest figure I´v heard) may not be enormous in a global context, but we don´t know how its tied up with investments and where. A firesale of Dubai Worlds real estate could have unsettling effects all over the world.
2. Dubai has an impact on the property market, not just in Dubai, but in London and New York where Dubai Worlds has holdings, and also in India, where real estate and employment could take a hit.
3. Banks have leveraged exposure through derivatives, beyond what they are admitting in public.
4. These are banks that are already broke, for all purposes.
5. When the banks involved are not themselves broke, they are backed by governments that are broke, or near-broke.
6. The government with likely the most exposure is Britain. Britain is on the verge of sovereign default.
7. This happens just as the second down-leg in real estate is unfolding, and along with it the just-as- leveraged commercial real estate market (see the recent zero hedge post on an ongoing CRE failure in Chicago), where there´s little pressure for the Feds to step in.
8. This happens after a 10-month run up in the stock market in what is essentially a bear rally, according to many experts.
9. This happens when the government has escalated an unpopular war in Afghanistan, calling for more troop commitments and more money
10. This happens after massive further government commitments in health care and other social spending.
Would the dollar move up just on the back of an employment number that was widely acknowledged to be misleading? I don´t know.
Do I know if gold will sink below $1000? No.
But CB (central banks of India etc.) buying is said to have set the floor. Me, I think that was a bit of help given by the RBI (CB of India, Sri Lanka, etc.) to the IMF, seat of power of the globalists. Even the IMF admitted it got lucky.
Will that bit of market manipulation to the upside be enough to stave off the deflationary effect of develeraging asset derivatives?
I don´t know, but I suspect it won´t.
I’m anticipating a rush into the dollar like we had in 2008…maybe not as strongly…
maybe gold will sop up some of the rush this time. I think that´s what the CB´s are hoping will happen.But again, one can´t be sure, for the simple reason no one knows how much more bad debt there is and where it is.
Climate-Gate: Media Ignored Scientific Back-Trackers
This story back in September ought to have made a lot of headlines, but didn´t. Perhaps it will now:
“When a leading proponent for one point of view suddenly starts batting for the other side, it’s usually newsworthy.
So why was a speech last week by Prof. Mojib Latif of Germany’s Leibniz Institute not given more prominence?
Latif is one of the leading climate modellers in the world. He is the recipient of several international climate-study prizes and a lead author for the United Nations’ Intergovernmental Panel on Climate Change (IPCC). He has contributed significantly to the IPCC’s last two five-year reports that have stated unequivocally that man-made greenhouse emissions are causing the planet to warm dangerously.
Yet last week in Geneva, at the UN’s World Climate Conference — an annual gathering of the so-called “scientific consensus” on man-made climate change – Latif conceded the Earth has not warmed for nearly a decade and that we are likely entering “one or even two decades during which temperatures cool.”
The global warming theory has been based all along on the idea that the Atlantic and Pacific Oceans would absorb much of the greenhouse warming caused by a rise in man-made carbon dioxide, then they would let off that heat and warm the atmosphere and the land.
But as Latif pointed out, the Atlantic, and particularly the North Atlantic, has been cooling instead. And it looks set to continue a cooling phase for 10 to 20 more years.”
My Comment
Now why would Latif come out with this suddenly? Maybe he had a peek at some of that data the CRU scientists were trying to hide and decided to dissociate himself in advance from a scandal threatening to blow up…
UN Funds Missing Billion Plus in Climate Change Donations
The Telegraph reported a few days ago that UN Funds were missing over a billion dollars contributed to tackle climate change in developing countries:
“A total of 20 nations pledged up to 410 million dollars (£247m) a year in 2001, resulting in a pot that should be worth well over 1.6 billion dollars (£963m).
But only 260m dollars (£157m) has been paid into two United Nations funds earmarked for the purpose according to the latest figures, the BBC World Service investigation said.
The EU told the broadcaster that the money was collected in ”bilateral and multilateral deals”, but was unable to provide data to back up the claim.
The sums were pledged in the 2001 Bonn Declaration, which was signed by the 15 countries that then made up the European Union, plus Canada, Iceland, New Zealand, Norway and Switzerland.As of the end of September this year, the two UN funds - called the Least Developed Countries and Climate Change Funds - contained 155.4m dollars and 104.1m dollars respectively, the BBC said.
Boni Biagini, who runs the funds, told the broadcaster: ”These numbers don’t match the 410m per year. Otherwise, we’d be handling billions of dollars by now.”
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