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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

Editorial - British Nukes vs. British Troops - NYTimes.com - 0 views

  • Put simply, the most important choice is between nuclear weapons and troops — specifically, whether to build four new nuclear missile-launching submarines or to preserve an army large enough to contribute to allied missions overseas. Even with painful cuts in other areas, there will not be money enough for both.
  • It is also hard to see why — in today’s world — Britain needs four new subs, each of which can carry up to 160 nuclear warheads. Only a fraction of that capacity is currently used, roughly 48 warheads per submarine, for a total of 192. There are, of course, still nuclear dangers out there, most notably North Korea and Iran. But the United States nuclear umbrella plus a smaller Trident force should provide Britain with full deterrence.
  • Britain has been America’s most reliable military ally and a backbone of NATO. That is good for Britons — for their security and for their continuing influence. Britain will not be able to deliver if this government decides to sacrifice troop numbers for nuclear symbolism.
Ed Webb

Ha-Joon Chang: The net isn't as important as we think | Technology | The Observer - 0 views

  • The internet may have significantly changed the working patterns of people like you and me, but we are in a tiny minority. For most people, its effect is more about keeping in touch with friends and looking up things here and there. Economists have found very little evidence that since the internet revolution productivity has grown.
  • By liberating women from household work and helping to abolish professions such as domestic service, the washing machine and other household goods completely revolutionised the structure of society. As women have become active in the labour market they have acquired a different status at home – they can credibly threaten their partners that if they don't treat them well they will leave them and make an independent living. And this had huge economic consequences. Rather than spend their time washing clothes, women could go out and do more productive things. Basically, it has doubled the workforce.
  • we overestimate the internet and ignore its downsides. There's now so much information out there that you don't actually have time to digest it.In another chapter of the book, I talk about the American economist Herbert Simon, who argued that our problem now is that we have limited decision-making capability rather than too little information. If you try to find something on the internet, it's a deluge. And in terms of productivity, the internet has its drawbacks – for example, it makes it a lot easier to bunk off work.
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  • This idea that the internet is driving globalisation has enabled business leaders and politicians to get away with decisions made for their own self-interest, because people have been too ready to accept that things have to be like this.
Ed Webb

Jordan's uranium and Israel's fears | openDemocracy - 0 views

  • while supporting the development of its nuclear technology, America is insisting that Jordan purchase its reactor fuel on the nuclear market (it will “allow” Jordan to mine the uranium ore, but not convert it into fuel).  The Obama administration stresses that it will refuse to help Jordan if it makes use of its own uranium, and intends to model any deal with Jordan on the USA's recent nuclear agreement with the United Arab Emirates, who agreed to purchase their uranium on the international market, but reserve the right to renegotiate this deal if another country concludes an agreement on more favourable terms. Pursuing its right to enrich uranium without America's agreement would prove difficult for Jordan: the USA plays a powerful role in the Nuclear Supplier Group which monitors the sale of nuclear technology.  Moreover, many reactors from countries outside the USA contain American components which would require Jordan to gain America's approval to purchase.  But the USA's insistence that the country give up the right to use its own uranium seems to be a strategic miscalculation with the potential to alienate one of America and Israel's key Arab allies.  While the Jordanian government under reformist King Abdullah can certainly be criticised for its benign and even not-so-benign authoritarianism, it remains a positive presence in the Israel-Palestinian peace process (and the strongest ally of the USA in the Arab world). In fact, it was its willingness to 'help' in the war on terror that caused concern for human rights campaigners. Undermining the country's nuclear intentions when Jordan has done more than it is required to do in terms of tranparency and negotiation gives the impression that America will always treat Middle Eastern nuclear projects with suspicion, and that there's little incentive to cooperate.
  • To knowingly alienate Jordan by undermining the country's right to energy independence would be an act of masochism by Israel, particularly when the country's nuclear programme presents an opportunity to develop a model of transparency in nuclear energy development, and a chance to strengthen a more moderate presence in the region at a time when it is sorely needed.
Ed Webb

Of Turks and Armenians by Artin H. Arslanian* - 0 views

  • I came to understand that the pursuit of national and individual interests of political leaders is the driving force of international relations. Sure, in recent years several Western governments have officially recognized the Armenian genocide. However, domestic political considerations or foreign policy objectives (like the goal of keeping Turkey out of the EU) rather than a commitment to rectifying an historical injustice, appear to be the primary reasons for these actions. After all, why had these governments ignored the Armenian genocide until now?
  • Focusing all my energies to the task of forcing the Turkish government to reverse its policy of denial is self-defeating and perpetuates my emotional and intellectual self-incarceration. I have shed the culture of victimhood and freed myself from the oppressive weight of our history.
  • it is Turkey’s problem. Let the Turks come to terms with their history by freeing it from their self-manufactured myths, reassess their past and transform their state from an ethnically exclusive home for Turks alone into an inclusive one for different ethnic and religious groups who consider themselves the citizens of Turkey. But while Dink was mourned by Armenians all over the world and even by a large number of Turks, his message -- as far as the Armenian diasporas are concerned -- has fallen on deaf ears.
Ed Webb

State Dept. planning to field a small army in Iraq | McClatchy - 0 views

  • The arrangement is "one more step in the blurring of the lines between military activities and State Department or diplomatic activities," said Richard Fontaine of the Center for a New American Security, a Washington research center. "This is no longer (just) the foreign service officer standing in the canape line, and the military out in the field.""The State Department is trying to become increasingly expeditionary," he said.
  • Kennedy defended the decision to use contractors to operate military assets. The State Department doesn't have enough Diplomatic Security agents to do the job, and it makes little sense to undertake a mammoth hiring effort for a temporary need, he said."This is the kind of surge activity that it seems very, very logical to use contractors for," he said.Critics say it would be more logical for the military to leave several thousand troops behind to protect government officials and property.However, that would require renegotiating the U.S.-Iraqi status of forces agreement, a sensitive step. There's "no thought of that right now," the senior administration official said.
Ed Webb

It's not just BP's oil in the Gulf that threatens world's oceans | McClatchy - 0 views

  • "We are becoming increasingly certain that the world's marine ecosystems are reaching tipping points," Bruno said, adding, "We really have no power or model to foresee" the impact.
  • "It's a lot worse than the public thinks,"
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