Tuesday, August 16, 2011

@19:25, 08/16/11 4

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  • TimesPeople recommended a blog post:
    Aug 15, 2011
    Will Bush's Legacy Hurt Rick Perry? - Room for Debate
    For better or worse, Perry echoes Bush in many ways. Could that cost him swing voters?
    Almost half of voting Texas would be glad to see his back.
    Why should I guess? The electorate surprises me almost every time.
  • TimesPeople recommended a blog post:
    Aug 15, 2011
    Perry Is Less Electable Than Bush Was - Room for Debate
    If Obama is competitive on Election Day, Romney is a better Republican bet than Perry.
    Dizzy.
  • TimesPeople recommended a blog post:
    Aug 15, 2011
    Perry Will Face a Backlash Against Bush - Room for Debate
    Perry will face some Texas fatigue; scores of Republican candidates were defeated because of antipathy toward the Bush administration.
    Been there, done that.  He is thinking of 2008.
  • TimesPeople recommended an article:
    Aug 15, 2011
    A Naval Base in South Korea
    Just a flat denial from the Korean government.
    They will build a "good" naval base. I have never seen one of those.
    http://www.nytimes.com/2011/08/07/opinion/sunday/Steinem-the-arms-race-intrudes-on-a-south-korean-paradise.html
  • TimesPeople recommended an article:
    Aug 15, 2011
    New Delhi Police Arrest Leader of Anti-Corruption Protest and Hundreds of Others
    If the government was not allowed corruption
    It would not be Indian. The Government would have to collect the taxes and spend the money as the budget specifies. All those clerks would not get their small payoffs.  
    Everyone would starve.
  • TimesPeople recommended a user:
    Aug 15, 2011
    Ricardo Maekawa

  • TimesPeople recommended an article:
    Aug 15, 2011
    Second Tibetan Monk Burns Himself to Death in Protest
    http://www.nytimes.com/2011/08/17/opinion/the-myth-of-socialist-paradise-in-tibet.html
    Tibet must wait for China to self destruct. That may be a long wait.
    Limited autonomy is the best they can hope for at the moment.
  • TimesPeople recommended an article:
    Aug 15, 2011
    Growth in Euro Zone Stalls, Slowing Debt Crisis Solution
    http://krugman.blogs.nytimes.com/2011/08/16/eurostall/
    http://krugman.blogs.nytimes.com/2011/08/14/will-the-ecb-change-course/
    http://krugman.blogs.nytimes.com/2011/08/10/dismal-thoughts/
     
    And in Europe, says Kantoos Economics, a low inflation target has become a sacred icon even though all evidence – including the experience under the gold standard! — says that this will be fatal:
    I sincerely do hope that I read the wrong newspapers and missed all those European economists and commentators screaming all these things (or even better: that I am wrong). But whenever I try to hear something, there is just silence – or Axel Weber lashing out at Olivier Blanchard. Meanwhile, European policy makers and central bankers are wrecking one of the most fascinating projects in human history, the unity and friendship among the countries of Europe. This is beyond depressing. Way beyond.
    Let's  look at the gold standard link.
    http://kantooseconomics.com/2011/08/04/more-historical-lessons-for-europe/

    "… [During the economic crises after 1929], Germany found itself squeezed on two sides. The economy was crushed by an intense cycle of deleveraging and austerity, as the government struggled to maintain market confidence. And pressure was also applied on the monetary side, as Germany battled to fight gold outflows and keep itself on the gold standard.
    … As European economies like Austria and Germany failed, America, Britain and France scrambled to assemble aid packages that might prevent a collapse, but these negotiations were inevitably characterised by petty disagreements and myopia, and the resulting aid packages were always too small and came too late.
    Eventually, the system failed entirely, countries began abandoning gold, reinflating, and spending heavily on an arms buildup. The back of the Depression was broken. But it was too late to save Europe from utter catastrophe."
    He goes on to further explain and prescribe.
     Read it.  It is well translated from the German.
  • TimesPeople recommended an article:
    Aug 15, 2011
    Record Industry Braces for Artists’ Battles Over Song Rights
    Money for the lawyers.
    Eventually the artists will get their rights.
  • TimesPeople recommended a user:
    Aug 15, 2011
    Luiz Henrique Matos


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  • TimesPeople recommended a blog post:
    Aug 15, 2011
    Perry Is More Conservative Than Bush Was - Room for Debate
    Perry’s embrace of the Christian right and his hard-line political stances would hand Obama another term. That’s why he wants to focus on the “jobs miracle” in Texas.
    There is no jobs miracle in Texas.
    http://krugman.blogs.nytimes.com/2011/08/16/more-about-the-texas-unmiracle/

    here’s another, straight from FRED: the ratio of nonfarm employment to total population. The red line is the nation as a whole, the blue line Texas.
    You don’t want to make much of the fact that the Texas line is lower, since the state has a high birth rate and hence a large proportion of children. Farm employment may also factor in here.
    But this graph should put paid to the notion that Texas somehow escaped the recession, or that there was something miraculous about its job creation. Once you take account of population growth, nothing special happened.
  • TimesPeople recommended an article:
    Aug 15, 2011
    Gold Fever Gripping the Australian Outback

    Four people in the last year.
    The U.S. mines about 90% of what Australia mines.
    The U.S. and Europe are in deflation.
    The gold market is a bubble.
    Panning for gold is a lot of hard work and is very hard on the streams.
    Mining for gold in quartz is a big money operation.
    I would be happy not to handle Dynamite, mercury or cyanide.

















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