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Ed Webb

Adopting China's Tactics in Currency Fight - NYTimes.com - 0 views

  • a growing number of countries are retreating from some free-market rules that have guided international trade in recent decades and have started playing by Chinese rules
  • President Nicolas Sarkozy of France, who will take over leadership of the Group of 20 biggest economies, said over the weekend that he was pushing for a new system of coordinating global currencies as wealthy nations did in the 1970s, before a free market orthodoxy took hold.
  • Some economists argue that the standoff over China’s currency could herald a new era of protectionism reminiscent of the 1920s and ’30s, which they say they fear could undermine trade and make a weak recovery even weaker. But others argue that it was the free-market consensus of the 1980s and ’90s that weakened American competitiveness and was exploited by rising powers like China, calling for a more assertive policy to protect jobs, increase exports and keep industry at home.
Ed Webb

WikiLeaks reveals more than just government secrets - Glenn Greenwald - Salon.com - 0 views

  • Those who demand that the U.S. Government take people's lives with no oversight or due process as though they're advocating changes in tax policy or mid-level personnel moves -- eradicate him!, they bellow from their seats in the Colosseum -- are just morally deranged barbarians.  There's just no other accurate way to put it.  These are usually the same people, of course, who brand themselves "pro-life" and Crusaders for the Sanctity of Human Life and/or who deride Islamic extremists for their disregard for human life.  And the fact that this mindset is so widespread and mainstream is quite a reflection of how degraded America's political culture is.
  • Most political journalists rely on their relationships with government officials and come to like them and both identify and empathize with them.  By contrast, WikiLeaks is truly adversarial to those powerful factions in exactly the way that these media figures are not:  hence, the widespread media hatred and contempt for what WikiLeaks does.  Just look at how important it was for Bill Keller to emphasize that the Government is criticizing WikiLeaks but not The New York Times; having the Government pleased with his behavior is his metric for assessing how good his "journalism" is.  If the Government is patting him on the head, then it's proof that he acted "responsibly."  That servile-to-power mentality is what gets exposed by the contrast Wikileaks provides.
  • our government and political culture is so far toward the extreme pole of excessive, improper secrecy that that is clearly the far more significant threat.  And few organizations besides WikiLeaks are doing anything to subvert that regime of secrecy, and none is close to its efficacy.  It's staggering to watch anyone walk around acting as though the real threat is from excessive disclosures when the impenetrable, always-growing Wall of Secrecy is what has enabled virtually every abuse and transgression of the U.S. government over the last two decades at least. 
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  • Digby's superb commentary on this point yesterday: My personal feeling is that any allegedly democratic government that is so hubristic that it will lie blatantly to the entire world in order to invade a country it has long wanted to invade probably needs a self-correcting mechanism. There are times when it's necessary that the powerful be shown that there are checks on its behavior, particularly when the systems normally designed to do that are breaking down. Now is one of those times. . . . .As for the substance of the revelations, I don't know what the results will be. But in the world of diplomacy, embarrassment is meaningful and I'm not sure that it's a bad thing for all these people to be embarrassed right now.  Puncturing a certain kind of self-importance --- especially national self-importance --- may be the most worthwhile thing they do. A little humility is long overdue.
  • The actually-existing structure and strategy of the American empire remains a near-total mystery to those who foot the bill and whose children fight its wars. And that is the way the elite of America's unelected permanent state, perhaps the most powerful class of people on Earth, like it. As Scott Shane, the New York Times' national security reporter, puts it: "American taxpayers, American citizens pay for all these diplomatic operations overseas and you know, it is not a bad thing when Americans actually have a better understanding of those negotiations".  Mr Shane goes on to suggest that "Perhaps if we had had more information on these secret internal deliberations of governments prior to the invasion of Iraq in 2003, we would have had a better understanding of the quality of the evidence that Saddam Hussein had weapons of mass destruction."
  • I'm glad to see that the quality of discussion over possible US efforts to stymie Iran's nuclear ambitions has already become more sophisticated and, well, better-informed due to the information provided by WikiLeaks.
  • If secrecy is necessary for national security and effective diplomacy, it is also inevitable that the prerogative of secrecy will be used to hide the misdeeds of the permanent state and its privileged agents. I suspect that there is no scheme of government oversight that will not eventually come under the indirect control of the generals, spies, and foreign-service officers it is meant to oversee. Organisations such as WikiLeaks, which are philosophically opposed to state secrecy and which operate as much as is possible outside the global nation-state system, may be the best we can hope for in the way of promoting the climate of transparency and accountability necessary for authentically liberal democracy.
  • FAIR documents how severely and blatantly the New York Times reporting distorted some of these documents in order (as always) to demonize Iran and the "threat" it poses.
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    Interesting to see Carne (whom I used to work with) making a robust case for greater transparency.
Ed Webb

Cost of Environmental Damage in China Growing Rapidly Amid Industrialization - www.nyti... - 1 views

  • The cost of environmental degradation in China1 was about $230 billion in 2010, or 3.5 percent of the nation’s gross domestic product — three times that in 2004, in local currency terms, an official Chinese news report said this week.
  • “Digging a hole and filling it back in again gives you G.D.P. growth. It doesn’t give you economic value. A lot of the activity in China over the last few years has been digging holes to fill them back in again — anything from bailing out failing solar companies to ignoring the ‘externalities’ of economic growth.”
  • The ministry has issued statistics only intermittently, though its original goal was to do the calculation — what it called “green G.D.P.” — annually.
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  • China Central Television reported that farmers in a village in Henan Province were using wastewater from a paper mill to grow wheat. But one farmer said they would not dare to eat the wheat themselves. It is sold outside the village, perhaps ending up in cities, while the farmers grow their own wheat with well water
  • There is consensus now that China’s decades of double-digit economic growth exacted an enormous environmental cost. But growth remains the priority; the Communist Party’s legitimacy is based largely on rapidly expanding the economy, and China officially estimates that its G.D.P., which was $8.3 trillion in 2012, will grow at a rate of 7.5 percent this year and at an average of 7 percent in the five-year plan that runs to 2015. A Deutsche Bank report released last month said the current growth policies would lead to a continuing steep decline of the environment for the next decade, especially given the expected coal consumption and boom in automobile sales.
Ed Webb

Obama Bid for Europe Trade Pact Stirs Hope on Both Sides - www-nc.nytimes.com - Readabi... - 1 views

  • Experts cited tough economic times on both sides of the Atlantic and a perceived need among European leaders for a cause to unify their frayed union as major reasons that an agreement might be reached now, where past efforts have failed. But an even greater consideration, they said, was the growing economic might of China
  • Negotiations are not expected to be easy, with entrenched interests, especially in protected sectors of the agriculture industry, fighting to maintain their subsidies and preferences. European consumers have rejected the kinds of genetically modified crops3 that are commonplace in the United States but are known across the Atlantic as Frankenfoods. Nevertheless, Mr. Obama’s announcement was applauded by leading politicians and business groups in Europe, especially here in Germany, and so far the news has not provoked the instant union opposition in the United States that free-trade talks with underdeveloped, low-wage countries do.
  • In a Democratic administration, free-trade agreements are much easier to reach with higher-wage, unionized countries like those in Europe that do not spook trade unions. And the cross-pollination between American and European companies, as in the auto sector, also is expected to blunt opposition from labor groups
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  • China may present the single most compelling factor. There is an increasing awareness that to deal with the challenge of China’s rapidly growing economy, Europe and the United States will have to learn to cooperate better
  • European leaders, including Prime Minister David Cameron of Britain and Chancellor Angela Merkel of Germany, have been pushing for a trade deal as a low-cost way of stimulating their struggling economies. The United States Chamber of Commerce and large companies like General Electric have also lobbied for an agreement
  • Potentially more important than abolishing tariffs, but also much more complicated, would be a deal that harmonized regulations on products like food, cars, toys and pharmaceuticals. Automobile manufacturers would like to see agreement on safety and emissions standards for cars, reducing or eliminating the need to build different versions for the American and European markets. Matthias Wissmann, head of the German Association of the Automotive Industry, said that harmonizing safety features would save several hundred dollars per automobile. Mr. De Gucht, who is expected to lead the talks on the European side, said that a deal could provide vital leverage over emerging powerhouses like China
Ed Webb

More Wealth, More Jobs, but Not for Everyone: What Fuels the Backlash on Trade - The Ne... - 1 views

  • “More global trade is a good thing if we get a piece of the cake,” Mr. Duijzers said. “But that’s the problem. We’re not getting our piece of the cake.”
  • For generations, libraries full of economics textbooks have rightly promised that global trade expands national wealth by lowering the price of goods, lifting wages and amplifying growth. The powers that emerged victorious from World War II championed globalization as the antidote to future conflicts. From Asia to Europe to North America, governments of every ideological persuasion have focused on trade as their guiding economic force. Advertisement Continue reading the main story But trade comes with no assurances that the spoils will be shared equitably. Across much of the industrialized world, an outsize share of the winnings have been harvested by people with advanced degrees, stock options and the need for accountants. Ordinary laborers have borne the costs, suffering joblessness and deepening economic anxiety
  • When millions of workers lost paychecks to foreign competition, they lacked government supports to cushion the blow. As a result, seething anger is upending politics from Europe to North America.
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  • Much of the global economy is operating free of artificial enhancements. Lower-skilled workers confront bleak opportunities and intense competition, especially in the United States. Even as recent data shows middle-class Americans are finally starting to share in the gains from the recovery, incomes for many remain below where they were a decade ago
  • technological disruption and economic upheaval are now at work in an era of scarcity
  • The worst financial crisis since the Great Depression has left banks from Europe to the United States reluctant to lend. Real estate bonanzas from Spain to Southern California gave way to a disastrous wave of foreclosures, eliminating construction jobs. China’s slowdown has diminished its appetite for raw materials, sowing unemployment from the iron ore mines of Brazil to the coal pits of Indonesia.
  • Trade did not cause the breakdown in economic growth. Indeed, trade has helped generate what growth remains. But the pervasive stagnation has left little cover for those set back by globalization.
  • China’s entry into the World Trade Organization in 2001 unleashed a far larger shock, but a construction boom absorbed many laid-off workers.
  • “We do need to have these trade agreements,” Mr. Bown said, “but we do need to be cognizant that there are going to be losers and we need to have policies to address them.”
  • Corporations that used China to cut costs raised their value, enriching executives and ordinary investors. Today’s Headlines Wake up each morning to the day’s top news, analysis and opinion delivered to your inbox. Please verify you're not a robot by clicking the box. Invalid email address. Please re-enter. Sign Up Receive occasional updates and special offers for The New York Times's products and services. Thank you for subscribing. An error has occurred. Please try again later. You are already subscribed to this email. View all New York Times newsletters. See Sample Manage Email Preferences Not you? Privacy Policy The casualties of China’s exports are far fewer, but they are concentrated. The rugged country of western North Carolina suffered mass unemployment as Chinese-made wooden furniture put local plants out of business. So did glassmakers in Toledo, Ohio, and auto parts manufacturers across the Midwest.
  • Even among those who support trade, doubts are growing about its ability to deliver on crucial promises. A 2014 Pew Research Center survey of people in 44 countries found that only 45 percent of respondents believed trade raises wages. Only 26 percent believed that trade lowers prices.
  • Workers employed in major export industries earn higher wages than those in domestically focused sectors.Americans saw their choice of products expand by one-third in recent decades, the Federal Reserve Bank of Dallas found. Trade is how raspberries appear on store shelves in the dead of winter.
  • In the fallout, the United States maintained limits on unemployment benefits, leaving American workers vulnerable to plummeting fortunes. Social welfare systems have limited the toll in Europe, but economic growth has been weak, so jobs are scarce.
  • automation has grown in sophistication and reach. Between 2000 and 2010, the United States lost some 5.6 million manufacturing jobs, by the government’s calculation. Only 13 percent of those job losses can be explained by trade, according to an analysis by the Center for Business and Economic Research at Ball State University in Indiana. The rest were casualties of automation or the result of tweaks to factory operations that enabled more production with less labor.
  • if robots are a more significant threat to paychecks, they are also harder to blame than hordes of low-wage workers in overseas factories.“We have a public policy toward trade,” said Douglas A. Irwin, an economist at Dartmouth College. “We don’t have a public policy on automation.”
  • China’s relentless development was turning farmland into factories, accelerated by a landmark in the history of trade: the country’s inclusion in the World Trade Organization.The W.T.O. was born out of the General Agreement on Tariffs and Trade, a compact forged in 1947 that lowered barriers to international commerce in an effort to prevent a repeat of global hostilities.In the first four decades, tariffs on manufactured wares plunged from about 35 percent to nearly 6 percent, according to the Federal Reserve Bank of Chicago. By 2000, the volume of trade among members had swelled to 25 times that of a half-century earlier.
  • Mexico — home to about 123 million people — was not big enough to refashion the terms of trade. When China joined the W.T.O. in 2001, that added a country of 1.3 billion people to the global trading system
  • The anti-trade backlash, building for years, has become explosive because the global economy has arrived at a sobering period of reckoning. Years of investment manias and financial machinations that juiced the job market have lost potency, exposing longstanding downsides of trade that had previously been masked by illusive prosperity.
  • Chinese imports eliminated nearly one million American manufacturing jobs between 1999 and 2011. Add in suppliers and other related industries, and the total job losses reach 2.4 million.
  • Mr. Trump vows to slap punitive tariffs on Chinese goods. But that would very likely just shift production to other low-wage countries like Vietnam and Mexico. It would not turn the lights on at shuttered textile plants in the Carolinas. (Even if it did, robots would probably capture most of the jobs.)
  • Trade Adjustment Assistance, a government program started in 1962 and expanded significantly a dozen years later, is supposed to support workers whose jobs are casualties of overseas competition. The program pays for job training.But Mr. Simmons rolls his eyes at mention of the program. Training has almost become a joke. Skills often do not translate from old jobs to new. Many workers just draw a check while they attend training and then remain jobless.
  • European workers have fared better. In wealthier countries like Germany, the Netherlands, Sweden and Denmark, unemployment benefits, housing subsidies and government-provided health care are far more generous than in the United States.In the five years after a job loss, an American family of four that is eligible for housing assistance receives average benefits equal to 25 percent of the unemployed person’s previous wages, according to data from the Organization for Economic Cooperation and Development. For a similar family in the Netherlands, benefits reach 70 percent.
  • Yet in Europe, too, the impacts of trade have been uneven, in part because of the quirks of the European Union. Trade deals are cut by Brussels, setting the terms for the 28 member nations. Social programs are left to national governments.
  • In China, farmers whose land has been turned into factories are making more steel than the world needs. Advertisement Continue reading the main story In America, idled steel workers are contemplating how to live off the land.
  • a provision that would enable multinational companies to sue governments for compensation when regulations dent their profits.Esso, a subsidiary of Exxon Mobil, the American petroleum company, has operations in the Netherlands. Suppose the government went ahead with plans to limit drilling to protect the environment?“They could sue the Dutch state,” he fumed. “We are not so sure in the Netherlands whether we want to give the multinationals so much power. We are a trading country, but it’s not always that trade should prevail against quality of life.”
  • the longshoremen fret about robots
  • Now, many longshoremen sit in glass-fronted offices set back from the docks, controlling robotic arms via computer terminals.
  • The robots will win in the end, because robots never strike. Robots improve with time.
  • Trade deals, immigrant labor, automation: As Mr. Arkenbout sees it, these are all just instruments wielded in pursuit of the same goal — paying him less so corporations can keep more.“When they don’t need me anymore,” he said, “I’m nothing.”
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    Relevant to our class discussion on 9/27/16
Ed Webb

Arms Trade Treaty Stalled on Final Day - NYTimes.com - 0 views

  • In the final hours of negotiations, the United States, as well as Russia and China, all large weapons exporters, said more time was needed.
  • Fifty-one senators had urged the administration not to sign it in a letter sent Thursday. That letter sent an important signal of defeat because ratification requires 67 Senate votes. “As defenders of the right of Americans to keep and bear arms, we write to express our grave concern about the dangers posed by the United Nations’ arms trade treaty,” the senators said in the letter to President Obama and Secretary of State Hillary Rodham Clinton. “Our country’s sovereignty and the constitutional protection of these individual freedoms must not be infringed.”
  • Galen Carey, vice president of government relations at the National Association of Evangelicals, criticized gun lobby members for disparaging the treaty, saying, “Those spreading misinformation about alleged links between this treaty and the Second Amendment should stop doing so.”
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  • The treaty would for the first time establish common international standards for authorizing international arms transfers, including basic regulations and approval protocols that would improve transparency and accountability. A prime purpose, according to the draft, is to “prevent, combat and eradicate the illicit trade in conventional arms and their diversion to illegal and unauthorized end use.” It would also prohibit signatories from transferring conventional weapons that violate arms embargoes or enable those who commit genocide, crimes against humanity and war crimes.
Ed Webb

Uneasy Engagement - China Spreads Aid in Africa, With a Catch - Series - NYTimes.com - 0 views

  • From Pakistan to Angola to Kyrgyzstan, China is using its enormous pool of foreign currency savings to cement diplomatic alliances, secure access to natural resources and drum up business for its flagship companies. Foreign aid — typically cut-rate loans, sometimes bundled with more commercial lines of credit — is central to this effort.
  • Leaders of developing nations have embraced China’s sales pitch of easy credit, without Western-style demands for political or economic reform, for a host of unmet needs. The results can be clearly seen in new roads, power plants, and telecommunications networks across the African continent — more than 200 projects since 2001, many financed with preferential loans from the Chinese government’s Exim Bank.
  • “We know more about China’s military expenditures than we do about its foreign aid,” said David Shambaugh, an author and China scholar at George Washington University. “Foreign aid really is a glaring contradiction to the broader trend of China’s adherence to international norms. It is so strikingly opaque it really makes one wonder what they are trying to hide.”
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  • China, which is not a member of the O.E.C.D., is operating under rules that the West has largely abandoned. It mixes aid and business in secret government-to-government agreements. It requires that foreign aid contracts be awarded to Chinese contractors it picks through a closed-door bidding process in Beijing. Its attempts to prevent corrupt practices by its companies overseas appear weak.
Ed Webb

China to Launch Space Station Module - NYTimes.com - 0 views

  • The Heavenly Palace, the first module in China’s permanent space station, will be launched next year, a senior aerospace official confirmed Wednesday.
  • a crew of three taikonauts
  • Aerospace experts and military officials say the Chinese military space program has made major advancements in recent years, notably when it tested an antisatellite system in 2007, using a ballistic missile to shoot down one of its own weather satellites 540 miles up
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  • Chinese Air Force, Gen. Xu Qiliang, appeared to have gone somewhat off-message when he said in November that international “military competition has shifted towards space.”
  • such expansion is a historical inevitability
  • space is a contested domain. It used to be looked at like a sanctuary. And clearly that’s not the case today
Ed Webb

Midstate students attend climate talks - PennLive.com - 2 views

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    guy at center in red polo is brandon mccall '10... not looking particularly enthused, but hey, a main photo on nyt is rather impressive :) http://www.nytimes.com/2009/12/10/science/earth/10climate.html?_r=1&emc=eta1
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