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thinkahol *

Black and Asian Teens Have the Lowest Rates of Drug Use - Politics - GOOD - 0 views

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    If black kids are doing drugs less often than white kids, why are they being arrested so much more?
Skeptical Debunker

Prudential-AIG Deal Another Case of Corporate Empire Building - 0 views

  • In spite of its new whizz-bang CEO, Prudential is a slow-moving but very reliable organization with a level of integrity that is trusted by policyholders. Frankly, that's what you want in an insurance company. I have had a modest U.K. pension with one of its competitors since 1980, and I am constantly worried that some leveraged buyout (LBO) artist will step in, take it over, change the computer system so that information gets lost, outsource customer service, and drive the company into bankruptcy. If you're buying life insurance or pension services, you want a company that's not going to disappear in the next 30 years, and doesn't change its address or computer system too often. Avoid a company like the plague if it is run by whiz kids. However, that's what AIG was like. We know how AIG operated; a guy who thought betting the ranch on the credit default swap market was a good idea ran it. Its Asian operation is no doubt full of similarly clever ideas. Even in the unlikely event that everything there is on the level, the cultural clash with an old-fashioned British insurance company is huge. And why would you pay a PREMIUM for an AIG operation? Like the Kraft/Cadbury deal, Prudential's takeover of AIA is value-destroying. Also like Kraft/Cadbury, it looks likely to destroy a valuable part of the British economy that millions of people have relied upon for generations - only this time the destruction will be caused by the buyer rather than the target. As shareholders we need a new form of corporate governance. Those in management are hired hands. In the old days, large shareholders used to treat management as they would have treated their butler - and management was equally deferential to the owners of substantial percentages of the company's capital. That's how capitalism is supposed to work - with resources deployed in the interests of the owners of capital. We know that system works; economics shows us why it works. The alternative, with resources deployed to satisfy the egos and fill the pockets of the hired hands, has no theoretical justification and little practicality - just as a big country house run in the interests of the butler would be a mess. As capitalists, we must work together to restore capitalism!
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    To inattentive observers, the recent announcement that the British insurance company Prudential PLC (NYSE ADR: PUK) would pay $35.5 billion for American International Group Inc.'s (NYSE: AIG) Asian insurance operation, AIA, might seem like just another belated expansion of the old British Empire - a strange contrast to the sale of the premier British chocolate company Cadbury PLC (NYSE ADR: CBY) to Kraft Foods Inc. (NYSE: KFT) last month. Yet in reality both deals are examples of Empire-building that for shareholders is much more dangerous than the benign British variety - Empire-building by corporate management that runs contrary to capitalist ideals.
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    Monopolies - BAD (Adam Smith even said so!) Companies controlled and run by management (as if it were their own personal fiefdom and with their hands always in the "cookie jar"), rather than shareholders - BAD. BOTH ANTI-CAPITALISTIC. Both the "norm" for "the titans" of "modern [anti] capitalism". We no longer have capitalism (if that, like communism, ever existed in a more or less "pure" form!). We have a kleptocracy of the rich and corporate aristocracy (as incestuously intertwined as the European nobles ever were!).
Muslim Academy

Islamic Organizations in Russia - 0 views

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    Islamic organizations in Russia The first official Islamic organization in Russia appeared in 1788, when by decree of Catherine II was created by the Orenburg Mohammedan Spiritual Assembly, engaged in the construction of mosques and marital affairs. However, after the revolution of a mosque in 1917, as the Orthodox Church, were closed, and the clergy was subjected to repression. Many Muslim organizations formed in Central Asia and the North Caucasus during the Great Patriotic War were split during the "perestroika" (1980-1990). In 1994 was created by the Supreme Coordinating Center of Spiritual Administration of Muslims of Russia (DUMR private commercial enterprise), which lasted four years and in 1998 joined the newly formed Council of Muftis of Russia. On the territory of European Russia and Siberia after the collapse of the Soviet Union announced the creation of new autonomous organizations. In 1996 the First Congress of the leaders of the Muslim Board of Russia, where it was decided to set up the Council of Muftis of Russia. A year later the organization was established Spiritual Board of Muslims of the Asian part of Russia. In 1998, the Conference North spiritual offices in Nazran, it was decided to establish the Higher Coordination Centre of North Caucasus Muslims, some of whose members initially included, also a member of the Council of Muftis of Russia. However, because of the differences, was forced to leave. In 2009-2010, decided to join forces to achieve unity of Russian Muslims and strengthen the traditional Islamic religious principles of the Muslim nation. However, by the great success it has not resulted. To date, the Russian equivalent approved two Muslim organizations that claim to the national character: TsDUM (Central Muslim Spiritual Board of Russia) and CMP (Council of Muftis of Russia). Each of them combines a number of relatively independent of the Spiritual Board of Muslims, based on the principle of administrative division. Beyo
hanz444

Chinese president woos big business as US visit begins - 0 views

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    SEATTLE: Chinese President Xi Jinping began his first state visit to the United States on Tuesday (Sep 22) in the West Coast hub of Seattle, aiming to woo American businesses and take the edge off a leery White House view of the Asian giant.
Arabica Robusta

Keane Bhatt, "Noam Chomsky on Hopes and Prospects for Activism: 'We Can Achieve a Lot'" - 1 views

  • I think he would take it for granted that elites are basically Marxist -- they believe in class analysis, they believe in class struggle, and in a really business-run society like the United States, the business elites are deeply committed to class struggle and are engaged in it all the time.  And they understand.  They're instinctive Marxists; they don't have to read it.
  • In fact, Malaysia also came out of the Asian crisis.  It was imposing capital controls.  Now the economists were all saying it's a disaster.  But they did quite well.  Same with Argentina, the former poster child for the IMF, leading to a serious crisis.  It then disregarded all the warnings and doctrines and the economy did very well, contrary to predictions.
  • using the multidimensional poverty index, there were 645 million poor, or 55 percent of India's population -- more than in the poorest 26 African countries combined. 
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  • there is sometimes dramatic conflict between the developmentalists, like left president Correa, and the indigenous communities affected by mining and dams.  Also, Evo Morales, despite being hugely popular, recently had to deal with a very big general strike in Potosí.  What do you make of these dynamics?  What are the hopes and prospects in Latin America regarding raising living standards, the paths of industrialization, environmental considerations, the role of social movements, and avoiding state coercion?
  • I don't know of any simple general answer to your question of how this will all turn out.  The problems are often not simple.  A great deal is at stake, not just for the people of the countries.  Resource extraction impacts a global environment that is increasingly at severe risk.
  • You said, "It's quite striking that we and other western countries can't reach, can't even approach, can't even dream about the level of democracy they had in Haiti.  That's pretty shocking.  Here's one of the poorest countries in the world.  The population that organized to win that election is among the most repressed and impoverished in the world; they managed to organize enough to enter the electoral arena without any resources and elect their own candidate."  Praising Bolivia at the same time, you asked, "Is it believable that we can't do the same? . . . We can take lessons from them.  Anything they've done we can do a thousand times more easily."
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    The founding fathers were very concerned about the danger of democracy and spoke quite openly about the need to construct the democratic institutions so that threat would be contained.  That's why the Senate has so much more power than the House, to mention just one example.
Arne Løining

Oil and Israel :: SANDERS RESEARCH ASSOCIATES LTD. - 0 views

  • two camps: securing oil or  securing Israel. In reality, the war is being fought to secure oil through  Israel. US foreign policy is geared to make Israel its primary transport  route for Middle Eastern and Central Asian oil. This also accomplishes two Israeli aims: ending dependence on US aid and toppling uncooperative neighbors.
    • Arne Løining
       
      Third: Greater Israel as the only superpower in the middle-east
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