Group items tagged

productivity, wealth, and national incomes have advanced sufficiently far to support an adequate UBI. And if enacted, a basic income would serve as a powerful instrument of social justice: it would promote real freedom for all by providing the material resources that people need to pursue their aims. At the same time, it would help to solve the policy dilemmas of poverty and unemployment, and serve ideals associated with both the feminist and green movements.

in 1999, the Alaska Permanent Fund paid each person of whatever age who had been living in Alaska for at least one year an annual UBI of $1,680.

By universal basic income I mean an income paid by a government, at a uniform level and at regular intervals, to each adult member of society. The grant is paid, and its level is fixed, irrespective of whether the person is rich or poor, lives alone or with others, is willing to work or not. In most versions–certainly in mine–it is granted not only to citizens, but to all permanent residents.

The questions addressed included: can a world of 9-10 billion people vote its way to a sustainable future - or are new forms of leadership (even forms of authoritarian rule) going to be necessary? Are the rising global powers (China, India and Brazil among them) best placed to move towards more sustainable forms of development?

What of the link between democracy and sustainable development? Most respondents held that voter pressure meant that democracy was of benefit to sustainable development. Yet consultation with a more specialised group of experts found that only 28% believed that capitalism (often paired with democracy in its liberal variant) aided sustainable development, against 36% who said that capitalism inhibited it. Overall, Doug Miller saw in the figures an activation of people's survival instinct: as the planet "speaks" through extreme weather events, citizens are starting to listen.

Many of the issues the roundtable addressed had been highlighted in a keynote paper commissioned ahead of the meeting from Ian Christie. This made four basic propositions about democracy, ecologically sustainable development, and environmental/sustainability campaign organisations (SD-NGOs). He argued that together, these phenomena offer a paradox about the relationship between democracy, civil society and sustainability; and that resolving it is now an urgent and complex task - for the west, for newly industrialised democracies, and for emergent democratic civil society in the global south.

The victims of "post-colonial sequestration", by contrast, failed to make it past the barrier of independence and international recognition. Instead they fell into a state of half-recognised, but contested, existence. After the war of 1948-49 the "Palestine question" disappeared almost entirely from the international scene, only to re-emerge with the defeat of the Arab armies in the six-day war of 1967. Tibet too has undergone long years of neglect in the international arena, punctuated by periodic (and notably near-half-century) reincarnations of interest: the bloody British occupation of Lhasa in 1904-05, the insurrection against Chinese rule and flight of the Dalai Lama in 1959, and now the uprising of March 2008 (see Gabriel Lafitte, "Tibet: revolt with memories", 18 March 2008).

In the new version, only edits made by a separate class of "trusted" users will be instantly implemented. To earn this trusted status, users will have to show some commitment to Wikipedia, by making 30 edits in 30 days, say. Other users will have to wait until a trusted editor has given the article a brief look, enough to confirm that the edit is not vandalism, before their changes can be viewed by readers.

It allows select groups of editors, probably associated with specific subject areas, to vote on whether an article should be flagged as high quality. Readers would still see the latest version of an article by default, but a link to a high-quality version, if it exists, would also be available.

Contributors whose edits tend to remain in place are awarded high trust ratings; those whose changes are quickly altered get a low score. The rationale is that if a change is useful and accurate, it is likely to remain intact during subsequent edits, but if it is inaccurate or malicious, it is likely to be changed. Therefore, users who make long-lasting edits are likely to be trustworthy. New users automatically start with a low rating.

My Genome, Myself: Seeking Clues in DNA function getSharePasskey() { return 'ex=1353214800&en=835081fc6a0a7ff1&ei=5124';} function getShareURL() { return encodeURIComponent('http://www.nytimes.com/2007/11/17/us/17dna.html'); } function getShareHeadline() { return encodeURIComponent('My Genome, Myself: Seeking Clues in DNA'); } function getShareDescription() { return encodeURIComponent('For as little as $1,000 and a saliva sample, customers of an infant industry will be able to learn what is known about how their biological code shapes who they are.'); } function getShareKeywords() { return encodeURIComponent('Genetics and Heredity,DNA (Deoxyribonucleic Acid),Medicine and Health,Genetic Engineering,Computers and the Internet,23andMe'); } function getShareSection() { return encodeURIComponent('us'); } function getShareSectionDisplay() { return encodeURIComponent('The DNA Age'); } function getShareSubSection() { return encodeURIComponent(''); } function getShareByline() { return encodeURIComponent('By AMY HARMON'); } function getSharePubdate() { return encodeURIComponent('November 17, 2007'); } Sign In to E-Mail or Save This Print Single Page Reprints ShareDel.icio.usDiggFacebookNewsvinePermalink writePost(); By AMY HARMON Published: November 17, 2007 The exploration of the human genome has long been relegated to elite scientists in research laboratories. But that is about to change. An infant industry is capitalizing on the plunging cost of genetic testing technology to offer any individual unprecedented — and unmediated — entree to their own DNA.

Thou Shalt Find It Impossible to Live Like the Bible Tells You to By Anneli Rufus, AlterNet. Posted November 17, 2007. Author A.J. Jacobs spent a year trying to follow the 600+ laws he found proscribed in the Bible, and concluded he's doomed to live in sin. Tools EMAIL PRINT 84 COMMENTS The Year of Living Biblically by A.J. Jacobs (Simon & Schuster, 2007) Share and save this post: Also in Rights and Liberties Indicted! Barry Bonds Is a Perfect Distraction from Real Events Dave Zirin Striking Nurses in W. Va are Met With Intimidation, Harassment and Car Fires! Richard Negri Hillary Auditions to Be a Feminist John Wayne Susan Faludi Democracy Belongs in the Workplace, Not Just in the Voting Booth Omar Freilla Gay? U.S. House Says That's Okay Deb Price More stories by Anneli Rufus Rights and Liberties RSS Feed Main AlterNet RSS Feed Get AlterNet in your mailbox!   Advertisement border-style: solid; border-color: rgb(216, 216, 216); border-width: 0pt 1px 1px; p

#1Thou Shalt Find It Impo >

People who read the newspaper online have a far less favorable opinion of network and local TV news programming than do people who read the print version, and also have a somewhat less favorable view of the daily newspaper they are most familiar with. But consumers of online newspapers feel far more favorably toward large nationally influential newspapers, such as the New York Times and the Washington Post.

And by more than three-to-one (73%-21%), the public feels that news organizations are "often influenced by powerful people and organizations," rather than "pretty independent."

However, even two-thirds of liberal Democrats (67%) say the news media is more motivated by a desire to expand audience than informing the public. People who have attended college are more likely than high school graduates to say that the press mostly seeks to attract the biggest audience. And 85% of those who cite the internet as a main source believe that news organizations are mostly motivated by a desire to expand their audience, rather than to inform the public.

Economists distinguish between “Risk” and “Uncertainty”: the former can be priced by financial markets while the latter cannot. The distinction between the two was made by the famous economist Frank H. Knight in his seminal book, Risk, Uncertainty, and Profit (1921). In brief, “Risk is present when future events occur with measurable probability” while “Uncertainty is present when the likelihood of future events is indefinite or incalculable”.    This distinction between risk and uncertainty helps to explain the recent market panic and turmoil. Today, the FT cites a market economist at Lehman who said: “We are in a minefield. No one knows where the mines are planted and we are just trying to stumble through it”. A few days ago another market participant put it this way: “It is not the corpses at the surface that are scary; it is the unknown corpses below the surface that may pop up unexpectedly”.   Unknown minefield; unexpected corpses: this is “uncertainty” rather than “risk”. Risk can be measured and priced because it depends on know distributions of events to which investors can assign probabilities. Uncertainty cannot be priced by markets because it relates to “fat tail” distributions and extreme events that cannot be easily predicted or measured.

A few days ago the CFO of Goldman Sachs justified the massive – 30% plus  - losses of the two Goldman Sachs hedge funds by arguing that these were unpredictable “25 standard deviation events” that should occur only once in a million years. The same thing was said by the LTCM “masters of the universe” when their highly leveraged hedge fund went belly up in 1998.

The proliferation of such products, as I have often noted before, carries many benefits for the financial system (most notably that they disperse risk across a much wider pool of investors). But this trend also carries at least one downside; it is adding to the opacity of the financial world. For although many corners of the structured credit universe are becoming more transparent, almost as soon as one chink of light emerges, another shadowy wave of activity emerges that is far more opaque.

To be sure, the desire to live in a modern society and to be free of tyranny is universal, or nearly so. This is demonstrated by the efforts of millions of people each year to move from the developing to the developed world, where they hope to find the political stability, job opportunities, health care, and education that they lack at home. But this is different from saying that there is a universal desire to live in a liberal society – that is, a political order characterized by a sphere of individual rights and the rule of law. The desire to live in a liberal democracy is, indeed, something acquired over time, often as a byproduct of successful modernization.

The EU’s attempt to transcend sovereignty and traditional power politics by establishing a transnational rule of law is much more in line with a “post-historical” world than the Americans’ continuing belief in God, national sovereignty, and their military.

Outside powers like the US can often help in this process by the example they set as politically and economically successful societies. They can also provide funding, advice, technical assistance, and yes, occasionally military force to help the process along.

One of Lal’s most significant contributions to economic science is his recognition of cosmology as a factor endowment. This recognition enriches institutional theory by explicitly introducing religion and superstition into institutional settings and further illuminates the problems of path dependency. There have been great civilizations in the past, but none produced the Promethean growth that came with capitalism. The older agrarian civilizations grew extensively to the limits of their natural resources, but they lacked the innovation and creativity for the kind of intensive growth that capitalism generated. The reason for this lack is not that our ancestors had no instinct for enterprise, but that they were constrained by social norms and communal bonds and, as Lal asserts, by prevailing cosmological beliefs that suppressed individualism.

The second papal revolution occurred when Pope Gregory VII asserted the power of the church over that of the king or the emperor in the eleventh century. Lal argues, following Harold J. Berman (Law and Revolution [Cambridge, Mass.: Harvard University Press, 1983]), that this revolution set in place all the legal concepts and institutions needed for commerce.

His key finding: By thoroughly analysing the USA’s patriotic media coverage of the second War in Iraq (2003) and the contradicting Internet voices to be heard on the Mexican Zapatista revolt or the rise to fame of Arab news station Al Jazeera, Hafez illustrates how the media reinforces the process of globalisation – without itself becoming truly and fundamentally globalised.

Hafez’ intelligent and well-made book will be of interest to media or communication researchers, not least because the author manages to present his analysis in a highly readable way. After all, the recent scandal caused by the Mohammed caricatures published in Denmark and elsewhere in Europe would be a prime example for why the “dialogue between cultures” is ultimately bound to fail: for one thing, there are simply too many different notions of things such as the freedom of the press, or the freedom of speech and religion. According to Hafez, “What remains is, the attempt to demystify a great and grandiose idea by analysing it in a sober and unprejudiced way.”

It is now clear that the delusional hope that the severe credit and liquidity crunch that hit US and global financial markets would ease has been shattered by the events of the last few weeks. This credit crunch is getting much worse and its financial and real fallout will be severe. The amount of losses that financial institutions have already recognized - $20 billion – is just the very tip of the iceberg of much larger losses that will end up in the hundreds of billions of dollars. At stake – in subprime alone – is about a trillion of sub-prime related RMBS and hundreds of billions of mortgage related CDOs. But calling this crisis a sub-prime meltdown is ludicrous as by now the contagion has seriously spread to near prime and prime mortgages. And it is spreading to subprime and near prime credit cards and auto loans where deliquencies are rising and will sharply rise further in the year ahead. And it is spreading to every corner of the securitized financial system that is either frozen or on the way to freeze: CDOs issuance is near dead; the LBO market – and the related leveraged loans market – is piling deals that have been postponed, restructured or cancelled; the liquidity squeeze in the interbank market – especially at the one month to three months maturities - is continuing; the losses that banks and investment banks will experience in the next few quarters will erode their Tier 1 capital ratio; the ABCP and related SIV sectors are near dead and unraveling; and since the Super-conduit will flop the only options are those of bringing those SIV assets on balance sheet (with significant capital and liquidity effects) or sell them at a large loss; similar problems and crunches are emerging in the CLO, CMO and CMBS markets; junk bonds spreads are widening and corporate default rates will soon start to rise. Every corner of the securitization world is now under severe stress, including so called highly rated and “safe” (AAA and AA) securities.

This is indeed the message that comes from true market prices – that are not indirectly available via the ABX indices. Those prices tell you not only that the mezzanine and equity tranches of subprime CDOs are now worth close to zero; they also tell you that prices for the AAA and AA tranches – that until recently were hovering near par of 100 – are now down to 79 and 50 respectively. Hundreds of billions of subprime RMBS and senior tranches of CDOs are still being evaluated as if they are worth 100 cents on the dollar. What the ABX is telling you is that they are worth much less; thus the losses from subprime alone are an order of magnitude larger than recognized by most firms.  But most firms are not using such market prices – or their proxies – to value their illiquid assets.

It tries to authorize sharing and reuse — not within a commercial economy, but within a sharing economy. It tries to do so in a way that wouldn't trigger at least most non-copyright rights (though again, most is not all -- a CC BY-NC licensed photograph by a voyeur still violates rights of privacy, for example). And it tries to do so in a way that protects the copyright owner against presumptions about the waiver of his rights suggested by posting a work freely.

The beauty of open-source applications is that they are continually improved and updated by those who use them and care about them. Dartmouth researchers looked at the online encyclopedia Wikipedia to determine if the anonymous, infrequent contributors, the Good Samaritans, are as reliable as the people who update constantly and have a reputation to maintain.

By subdividing their analysis by registered versus anonymous contributors, the researchers found that among those who contribute often, registered users are more reliable. And they discovered that among those who contribute only a little, the anonymous users are more reliable. The researchers were most surprised to find that the reliability of Good Samaritans' contributions were at least as high as that of the more reputable registered users' contributions.