Skip to main content

Home/ Politically Minded/ Group items tagged Value

Rss Feed Group items tagged

Skeptical Debunker

Ravitch Offers Passionate Defense of America's Public School System - March 2, 2010 - T... - 0 views

  • No silver bullets. This is the simple premise of Diane Ravitch’s new book, “The Death and Life of the Great American School System,” which is being brought out this week by Basic Books. Written by one of our nation’s most respected scholars, it has been eagerly awaited. But it has also been, at least in some quarters, anticipated with a certain foreboding, because it was likely to debunk much of the conventional — and some not so conventional — wisdom surrounding education reform. Click Image to Enlarge
  • What of the once-great comprehensive high schools, institutions with history and in some cases a track record of success going back generations? As time moves on, it is fast becoming clear that the new small schools, many with inane themes (how about the School of Peace and Diversity?), can never substitute for a good neighborhood high school, which can become a center of communal life and pride. Ms. Ravitch’s report underscores the fact that the trick is to fix the neighborhood schools beset with problems, not destroy them.
  • It is not only the foundations that Ms. Ravitch blames for the current crisis: government has also failed in the attempt to reform the schools from above, lacking a clear perspective of how schools work on a day-to-day basis. Thus, the major federal initiative, No Child Left Behind, well intentioned as it may have been, ended up damaging the quality of education, not improving it. While the federal government declares schools as “failing” and prescribes sanctions for schools not meeting its goal of “annual yearly progress,” it is the states that are allowed to write and administer the tests. This has led to a culture of ever easier tests and more test preparation rather than real instruction. More ominously, it led to such scandals as the New York State Education Department lowering the “cut scores” that define the line between passing and failing. Ms. Ravitch suggests that the proper roles of the states and federal government have been reversed under NCLB. Maybe the standards for achievement should be set in Washington, which, after all, administers the National Assessment of Educational Progress , and the solutions found at the local level, using the accurate data provided by Washington. Instead of moving in a different direction from the failed NCLB model of the Bush Administration, the Obama administration has adopted and expanded on them.
  • ...1 more annotation...
  • Teacher-bashing, so in vogue among the “reformers” dominating the national discussion, is rejected by Mrs. Ravitch. How could the unions be responsible for so much failure when, she asks, traditionally, the highest scores in the nation are posted by strong union states such as Massachusetts (best results in the nation) and the lowest scores in the south, where unions are weak or non-existent? The mania for closing “failing” schools also comes under the Ravitch microscope. To her mind, closing schools should be reserved for the “most extreme cases.” Virtually alone among those discussing educational policy, Mrs. Ravitch appreciates the value of schools as neighborhood institutions. To her mind, closing schools “accelerates a sense of transiency and impermanence, while dismissing the values of continuity and tradition, which children, families and communities need as anchors in their lives.”
  •  
    It turns out that "The Death and Life of the Great American School System" is a passionate defense of our nation's public schools, a national treasure that Ms. Ravitch believes is "intimately connected to our concepts of citizenship and democracy and to the promise of American life." She issues a warning against handing over educational policy decisions to private interests, and criticizes misguided government policies that have done more harm than good. Ideas such as choice, utilizing a "business model" structure, accountability based on standardized tests and others, some favored by the left, others by the right are deemed as less, often much less, than advertised. Ms. Ravitch doesn't oppose charters, but rather feels that the structure itself doesn't mandate success. As in conventional schools, there will be good ones and bad ones. But charters must not be allowed to cream off the best students, or avoid taking the most troubled, as has been alleged here in New York City. Here main point, however, is broader. "It is worth reflecting on the wisdom of allowing educational policy to be directed, or one might say, captured by private foundations," Ms. Ravitch notes. She suggests that there is "something fundamentally antidemocratic about relinquishing control of the public educational policy to private foundations run by society's wealthiest people." However well intended the effort, the results, in her telling, have not been impressive, in some cases doing more harm than good.
  •  
    According to this CONSERVATIVE and BUSH Assistant Secretary of Education, "No Child Left Behind" is destroying one of the great social "glues" of America - its public school system. Of course, not only Bush and the Republicans are to blame, Democrats went along with NCLB on the "promise" of extra federal funding for implementing it AND supporting American public schools. That was funding that never materialized due to our other great national priority - making corporate cronies rich via the war in Iraq (and hoping to make the oil companies richer there as well, but apparently failing miserably to do so ... so far). NCLB could have been suspended when that happened, but strangely (NOT!) Bush and the Republican controlled Congress conveniently forgot their promise (perhaps because NCLB unfunded was more like no teachers union left un-destroyed!?). More from http://articles.latimes.com/2010/feb/28/entertainment/la-ca-diane-ravitch28-2010feb28 on this book - Diane Ravitch, probably this nation's most respected historian of education and long one of our most thoughtful educational conservatives, has changed her mind -- and changed it big time. Ravitch's critical guns are still firing, but now they're aimed at the forces of testing, accountability and educational markets, forces for which she was once a leading proponent and strategist. As President Obama and his education secretary, Arne Duncan, embrace charter schools and testing, picking up just where, in her opinion, the George W. Bush administration left off, "The Death and Life of the Great American School System" may yet inspire a lot of high-level rethinking. The book, titled to echo Jane Jacobs' 1961 demolition of grandiose urban planning schemes, "The Death and Life of Great American Cities," has similarly dark warnings and equally grand ambitions. Ravitch -- the author of "Left Back" and other critiques of liberal school reforms, an assistant secretary of education in the first Bush administration and a
Skeptical Debunker

In Past Decade, American Funds Created Most Wealth - Yahoo! News - 0 views

  • Morningstar determined that Janus and Putnam were the two largest "wealth destroyers" during the decade, losing $58 billion and $46 billion, respectively. "Janus and Putnam rode the growth wave more than anyone else," Kinnel says. "They had some very aggressive funds that put up big numbers that got huge inflows." After the tech bubble burst, the funds that were most heavily invested in these types of holdings experienced huge sell-offs, which made it difficult for these funds to attract inflows through the remainder of the decade. According to Morningstar, American Funds created about $191 million in wealth for investors during the decade, followed by Vanguard and Fidelity. Since American Funds generally employs a more value-oriented strategy, the firm was largely able to avert the first bear market of the decade. "The 2000 to 2002 bear market was all growth and tech, and American barely touched that, whereas they had lots of value, dividend payers, and bonds, which did very well," Kinnel says. Recently, the tables have turned for American. In 2009, it lost the most of any fund family (more than $25 billion). No fund family, including American, was able to avoid the bear market of 2008. The same strategy that allowed American to bypass most of the first bear market failed because many well-known dividend-paying companies, like big financial firms, experienced huge losses.
  •  
    In a decade with two bear markets and lackluster returns for many investors, American Funds created the most wealth for investors, while Janus destroyed the most wealth, according to a survey released by Morningstar. For the survey, Morningstar looked at the 50 largest mutual fund families and their total net assets at the end of 1999. Then the fund tracker subtracted each fund company's total cash flows over the decade and deducted their total net assets at the end of 2009. Numbers were calculated in dollar terms so that any funds that were liquidated during the decade would also be included.
  •  
    Get this! Mutual funds, where most American's have their 401Ks, IRAs, and retirement savings, performed pitifully in the "great economy" of the 2000's (brought to you by Republican deregulationists starting with Ronald Reagan). The "best" made $191 million (but lost $25 billion in 2009!), the worst lost around $50 billion! What a great way to transfer all that hard earned savings, mostly by the "little guy", from them to the Wall Street gamblers. Another socialistic Republican "redistribution of wealth" of the corporate criminal rich, by the corporate criminal rich, and for the corporate criminal rich.
thinkahol *

Sen. Benjamin Cardin's impressive feat - Glenn Greenwald - Salon.com - 0 views

  •  
    But what makes Cardin's conduct special is that he wasn't merely condemning exactly that which he does; that would just be garden-variety nationalistic hypocrisy.  It's that he went a step further by specifically denouncing those who hypocritically defend values they simultaneously subvert: it's a double, meta form of hypocrisy that is really difficult to construct.  That's what makes it impressive.
thinkahol *

American Democracy Beyond Casino Capitalism and the Torture State | Truthout - 0 views

  •  
    With all due respect to Charles Dickens, it appears to be the worst of times for public and higher education in America, if not democracy itself; public schools are increasingly viewed as a business and are prized above all for customer satisfaction and efficiency, while largely judged through the narrow lens of empirical accountability measures. When not functioning as an adjunct of corporate value or a potentially lucrative for-profit investment, public schools are reduced to containment centers, holding institutions designed to largely punish young people marginalized by race and class.
thinkahol *

The End of the American Dream - Death of Democracy - YouTube - 0 views

  •  
    In this interview on Canadian television Chris Hedges basically states that American democracy is dead and that only 'a revolution of the people' can restore the USA to democratic values. Since this is extremely unlikely, America will further degenerate, and end up as a semi-fascist corporate state, probably culminating in a right-wing backlash in the form of Nazi-like purges against Muslims, immigrants and other minority groups. And, of course, there will be more endless wars on defenceless nations to boost the arms industry and divert attention from the internal rot. Maybe the Americans should learn from the Egyptians rather than vice versa!
thinkahol *

#OccupyWallStreet bleeds and leads / Waging Nonviolence - People-Powered News and Analysis - 0 views

  •  
    We in the press need to think more highly of our readers, as well as of our own ability to report on stories that don't depend simply on the shock value of violence, or on cheap-shot ridicule, or on stifling formulas. For many Americans, nonviolent direct actions like this occupation are the best hope for having a political voice, and they deserve to be taken seriously as such.
Chuck Bartok

Should We Retire the One Dollar Bill? - 0 views

  •  
    Rep. David Schweikert (Ariz.) and two other House Republicans - including supercommittee co-chairman Jeb Hensarling (Texas) - introduced legislation last week aimed at retiring the paper dollar.... According to the proponents the retirement of the US One Dollar Bill could save save billions of dollars over the next few decades by transitioning to a one dollar coin in four years, or as soon as $600 million worth of dollar coins are in circulation. Rep. Schweikert said, "Metal coins would last longer and therefore save money. But two Massachusetts Lawmakers, Scott Brown and John Kerry oppose the suggestion on ground it costs too much too produce the coins.... But it seem to me they would last longer...isn't that what smart business buy, products that are Value Purchased not cost purchased. It is also interesting also The Dollar Coin Alliance, which favors the House bill, said the two Massachusetts senators have a specific reason for wanting to protect the dollar bill, arguing that the Senate bill is aimed at protecting Massachusetts-based Crane & Co., the sole-source supplier of paper used to produce dollar bills. So what else is NEW! More cronyism? A poll conducted this year for the Dollar Coin Alliance showed 65 percent of Americans favored the move to a coin, and that more supported it once they realized the savings associated with the switch. And other countries who have done same have benefited overall in the Cost of Producing currency. "Other countries that have replaced a low-denomination note with a coin, such as Canada and the United Kingdom, stopped producing the note," the GAO said in March. "Officials from both countries told GAO that this step was essential to the success of their transition and that, with no alternative to the note, public resistance dissipated within a few years."
  •  
    Always appreciate comments on the blog posts
david derouen

Clark Howard - Commentary on Headline News TV Show on clarkhoward.com - 0 views

  •  
    US Fidelis did business as National Auto Warranty Services and Dealer Services in Wentzville, Missouri until they made this name change at the end of 2008. They are being investigated by the Missouri Attorney Generals Office for fraud; not to mention attorney general's offices in near 20 other states. Please also go to the Better Business Bureau to find that they have an F rating on their BBB report card. These salespeople are told to get the payment up front and they mail your contract later. Thus, thousands of people are giving their credit card, savings account, checking account, or debit card information making a down payment on the coverage before they even read the contract. What they are not told is that the contract only will cover the Blue Book value of the vehicle. If repairs exceed that, their contract is DONE. Your car can be up to 15 years old and have up to 200,000 miles on it. SURE!!! If it is only worth $2500 and your engine costs $3000 to be replace, I hope you have $500 to get it out of the shop. That is...if they even agree to fix it. PLEASE, get the word out. Stop the commercials. I know what I am talking about. I used to work there. They are ripping off thousands of unsuspecting people.
Michael Hughes

Battle not with monsters - the ethical dilemma of waterboarding - 0 views

  •  
    Is waterboarding ever ethically or morally admissible? St. Augustine Just War and ticking-time bomb theory vs. violating American values, religious principles and the moral imperative.
thinkahol *

United States v. Dougherty - Wikipedia, the free encyclopedia - 0 views

  •  
    United States v. Dougherty was a 1972 decision by the United States Court of Appeals for the District of Columbia in which the court ruled that members of the D.C. Nine, who had broken into Dow Chemical Company, vandalized office furniture and equipment, and spilled about a bloodlike substance, were not entitled to a new trial on the basis of the judge's failing to allow a jury nullification jury instruction. The Appeals Court ruled, by a 2-1 vote: " The fact that there is widespread existence of the jury's prerogative, and approval of its existence as a "necessary counter to casehardened judges and arbitrary prosecutors," does not establish as an imperative that the jury must be informed by the judge of that power. On the contrary, it is pragmatically useful to structure instructions in such wise that the jury must feel strongly about the values involved in the case, so strongly that it must itself identify the case as establishing a call of high conscience, and must independently initiate and undertake an act in contravention of the established instructions. This requirement of independent jury conception confines the happening of the lawless jury to the occasional instance that does not violate, and viewed as an exception may even enhance, the over-all normative effect of the rule of law. An explicit instruction to a jury conveys an implied approval that runs the risk of degrading the legal structure requisite for true freedom, for an ordered liberty that protects against anarchy as well as tyranny. " Nonetheless, the defendants were given a new trial on the grounds that they had been denied their right of self-representation.[1] The Circuit Judges' assumption that jurors know about their nullification prerogative has since been brought into question by other empirical evidence.[2] According to Irwin Horowitz, "Beyond the empirical issue, lack of nullification instructions maintains a deceit. After all, juries can nullify, but they know this fact only on a so
thinkahol *

Unconditional Support Ensures Political Impotence | Thinkahol's Blog - 0 views

  •  
    Obama's policies cannot be more antithetical to our constitution and values. Obama's administration has even arrogated the power to assassinate American citizens without oversight let alone due process. If Obama does not lose your support for this, what would it take?
thinkahol *

Glenn Greenwald: With Liberty and Justice for Some | Dylan Ratigan - 0 views

  •  
    How did America come to accept having two classes of citizens?  When did America give up on the dream of fairness for all? Last night after the television show, I got the chance to sit down with Glenn Greenwald to discuss his new book, With Liberty and Justice for Some: How the Law is Used to Destroy Equality and Protect the Powerful. Unfairness in America is nothing new.  In fact, it is perfectly acceptable in this culture for us to admire those who we see as becoming successful and powerful by creating value.  At the same time, Americans accept unfairness with one explicit caveat: that each of us has the chance to be one of those people - that each of us has the opportunity to become successful. What Americans are rejecting now is not wealth disparity, but the corrupt and unethical way so much of the money in this country is now being made, with our government, more often than not, simply looking the other way. Well, Americans are saying "no more" to our government explicitly agreeing to legalize and codify that destructive behavior, protecting powerful political and financial elites while prosecuting ordinary Americans over trivial offenses. We are beginning to see a rejection of this unfairness at Occupy Wall Street and other national reform-based movements.  
Arabica Robusta

Populism and the enchanted world of 'moderate politics' | openDemocracy - 1 views

  • I essentially question the epistemological flaws surrounding the uses of the notion: when is it safe to call a politician, a political party or movement ‘populist’?
  • The stakes are high because to label someone as ‘populist’ is to imply that s/he is somehow a potential or real enemy of representative democracy. My critic refers to the ‘pernicious effects’ of populism which underlines the notion’s very negative connotation. Let me here reply to Catherine Fieschi’s major criticisms.
  • Cas Mudde, one of the major specialists on the subject, concedes that populism is a ‘thin-centred ideology’.
  • ...6 more annotations...
  • According to Michael Freeden’s ‘morphological analysis’, an ideology has its own ‘ineliminable’ core of values exercising control, with logically and culturally adjacent concepts that are further connected to peripheral concepts.
  • To point out that populism does not have the depth and sophistication of a political ideology is in no way an attempt to suggest that this is a ‘wishy-washy’ notion, even less to ‘to discourage analysts’, let alone ‘to bamboozle democrats’ as Catherine Fieschi alleges. No, it simply means testing the epistemological merits of the notion in order to reveal its heuristic limits.
  • In the 1930s, millions marched behind the banners of Fascism and Communism. Today, no one would die for a populist cause. Populism is no ideology simply because it offers no positive worldview. It is just a means to an end, a device to appeal to the masses.
  • Think for a moment: aren’t those amorphous policies of ‘mainstream’ parties responsible for their rising unpopularity and their decreasing credibility? Why should political scientists uncritically use the media clichés about ‘reasonable moderates’ opposing ‘undemocratic radicals/populists’?
  • It is a fact that populists thrive on ‘wounded’ democracies. But ‘wounded’ democracies are imperfectly run polities, where economic inequalities are dire, and where the elites have often broken their promises. Thus let’s not forget who provoked the ‘democratic fracture’ in the first place. Why do some political scientists seem oblivious to the fact that the ‘moderates’ who let down their electorates are mainly responsible for their own demise?
  • Again, the task of the political scientist should not be to condone or condemn this state of affairs, but to try to understand why people feel so disenfranchised. Consequently, the researcher should tackle and discuss the policies which make those populations suffer. Unfortunately, this is not something which most political scientists seem in the least concerned about. ‘Not to laugh, not to lament, not to detest, but to understand’ said Spinoza. Before looking down on the disoriented and angry voters who fall for the demagogues or dismissing all ‘radicals’ as undisputed ‘populists’, it would indeed be worth pausing for a moment to understand how those agents feel and to ask what they want. Political scientists should also wonder why more and more ‘moderate’ voters no longer believe in the enchanted world of ‘moderate politics’.
Bakari Chavanu

Five Economic Reforms Millennials Should Be Fighting For | Politics News | Rolling Stone - 0 views

  • Some economists have proposed running a job guarantee through the non-profit sector, which would make it even easier to suit the job to the worker. Imagine a world where people could contribute the skills that inspire them – teaching, tutoring, urban farming, cleaning up the environment, painting murals – rather than telemarketing or whatever other stupid tasks bosses need done to supplement their millions. Sounds nice, doesn't it?
    • Bakari Chavanu
       
      Jeremey Rifkin's The End of Work proposes this idea.
  • What if people didn't have to work to survive? Enter the jaw-droppingly simple idea of a universal basic income, in which the government would just add a sum sufficient for subsistence to everyone's bank account every month. A proposal along these lines has been gaining traction in Switzerland, and it's starting to get a lot of attention here, too.
  • A universal basic income would address this epidemic at the root and provide everyone, in the words of Duke professor Kathi Weeks, "time to cultivate new needs for pleasures, activities, senses, passions, affects, and socialities that exceed the options of working and saving, producing and accumulating."
  • ...7 more annotations...
  • Ever noticed how much landlords blow? They don't really do anything to earn their money. They just claim ownership of buildings and charge people who actually work for a living the majority of our incomes for the privilege of staying in boxes that these owners often didn't build and rarely if ever improve.
  • In a few years, my landlord will probably sell my building to another landlord and make off with the appreciated value of the land s/he also claims to own – which won't even get taxed, as long as s/he ploughs it right back into more real estate.
  •  Municipalities themselves can be big-time landowners, and groups can even create large-scale community land trusts so that the land is held in common. In any case, we have to stop letting rich people pretend they privately own what nature provided everyone.
  • Hoarders blow. Take, for instance, the infamous one percent, whose ownership of the capital stock of this country leads to such horrific inequality. "Capital stock" refers to two things here: the buildings and equipment that workers use to produce goods and services, and the stocks and bonds that represent ownership over the former. The top 10 percent's ownership of the means of production is represented by the fact that they control 80 percent of all financial assets.
    • Bakari Chavanu
       
      Defines capital stock
  • You know what else really blows? Wall Street. The whole point of a finance sector is supposed to be collecting the surplus that the whole economy has worked to produce, and channeling that surplus wealth toward its most socially valuable uses. It is difficult to overstate how completely awful our finance sector has been at accomplishing that basic goal. Let's try to change that by allowing state governments into the banking game.
  • There is only one state that currently has a public option for banking: North Dakota.
  • When North Dakotans pay state taxes, the money gets deposited in the state's bank, which in turn offers cheap loans to farmers, students and businesses. The Bank of North Dakota doesn't make seedy, destined-to-default loans, slice them up inscrutably and sell them on a secondary market.
Levy Rivers

Joseph A. Palermo: Defeating the Bailout Looks Like Another Republican Ploy - 0 views

  • House Republican leaders did not put much pressure on their rank-and-file members to back the rescue package." John Boehner, Roy Blunt and other "leaders" of the House Republicans thought they could strike a public pose as if they really cared about the credit seizure that looms over the country while secretly hoping to pin the bill's passage on Nancy Pelosi, Steny Hoyer, (and by association, Barack Obama).
  • They wanted Speaker Pelosi to pass the bill without much Republican cover so they could tell their constituents that the Democrats were just "picking the taxpayers' pockets again."
  • I agree with the critical flaws in the bill that Dennis Kucinich articulated this morning on Amy Goodman's show, Democracy Now! I don't believe in a government welfare program for Wall Street swindlers who had the audacity to pump up the paper value of one of their hidden, unregulated derivatives, "credit default swaps," from $631 billion in 2001 to $62 trillion in 2008! I think some people should be indicted; some people should go to jail.
  • ...3 more annotations...
  • Whenever you hear the word "bi-partisan," even during the waning hours of the Bush years, it usually means something very bad is about to happen.
  • All of a sudden I hear Bush Administration mouthpieces such as the billionaire Henry Paulson, who in the past have told us that we are all on our own and we shouldn't rely on government for anything, speak about "our" financial markets as if working people have been the ones swapping "collateralized debt obligations" and "hybrid debt instruments."
  • It is my hope we can seize the opportunity this crisis presents, hold President Obama's feet to the fire, and construct a new social compact in this country, a New New Deal.
Levy Rivers

Rob McKay: Small Is the New Big in Progressive Politics - Politics on The Huffington Post - 0 views

  • The grab for this group of voters has generally been coordinated by a seasoned team of professional campaign staff operating in war rooms and spending millions in mobilizing voters. But new efforts among progressive voters, musicians, and grassroots groups are saying the way to be "big" in '08 is to "go small." And how resources are spent in this election and after, could determine whether the Democratic Party is about short-term voter excitement or permanent citizen engagement.
  • This new group of efforts focuses on local leadership, small circles, and cultural organizing. They are taking their strategies from the anti-slavery movement, groups like craigslist, and most surprisingly, a new Christian movement. "
  • Potts and other organizers note that while overall church attendance has steadily declined since the 1990s, a new form of church has taken off--the house church. Unlike traditional churches, the house church movement doesn't meet in a specific house of worship, but instead, as the name suggests, in people's homes.
  • ...2 more annotations...
  • They note the key to the success of these churches is threefold: 1. Shared values rather than on autocratic rule. 2. Peer circles, rather than as a large, rigid, top-down hierarchy. 3. Leading through inspiration rather than by formal authority, allowing, but not forcing, others to follow them.
  • As Potts, who is organizing with musicians during 08, puts it "The conservatives have churches every Sunday, progressives have concerts every night." From an organizing perspective, concerts are for progressives what churches have been for conservatives.
Levy Rivers

Writers praise Barack Obama's inaugural address - long on plot - stood on shoulders - 0 views

  • Long on plot (and it will thicken), it did what literature does best: the backward glance, the standing on shoulders, the salute to ancestors and other sources of wisdom.
  • He is our first (in the best sense of the word) aristocratic president," author and journalist Malcolm Gladwell told The Times. "Bush was a buddy. Clinton was the kindly uncle. Obama is a prince."
  • Some, like memoirist Patricia Hampl, praised Obama's plain speaking. "I was glad," she said, "that he denied himself rhetorical flourishes and gave a speech as refined and restrained in its power so that political language itself was restored to its greatest value -- saying what the speaker means."
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!
  •  
    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.
  •  
    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!).
Skeptical Debunker

Big Content condemns foreign governments that endorse FOSS - 0 views

  • University of Edinburgh law lecturer Andres Guadamuz wrote a blog entry this week highlighting some particularly troubling aspects of the IIPA's 301 recommendations. The organization has condemned Indonesia and several other countries for encouraging government adoption of open source software. According to the IIPA, official government endorsements of open source software create "trade barriers" and restrict "equitable market access" for software companies. The profound absurdity of this accusation is exacerbated by the fact that Indonesia's move towards open source software was almost entirely motivated by a desire to eliminate the use of pirated software within the government IT infrastructure. It's important to understand that Indonesia has not mandated the adoption of open source software or barred government agencies from purchasing proprietary commercial software. The Indonesian government issued a statement in 2009 informing municipal governments that they had to stop using pirated software. The statement said that government agencies must either purchase legally licensed commercial software or switch to free and open source alternatives in order to comply with copyright law. This attempt by Indonesia to promote legal software procurement processes by endorsing the viability of open source software has apparently angered the IIPA. In its 301 recommendations for Indonesia, the IIPA demands that the government rescind its 2009 statement. According to the IIPA, Indonesia's policy "weakens the software industry and undermines its long-term competitiveness" because open source software "encourages a mindset that does not give due consideration to the value to intellectual creations [and] fails to build respect for intellectual property rights." The number of ways in which the IIPA's statements regarding open source software are egregiously misleading and dishonest are too numerous to count. The IIPA seems to have completely missed the fact that there is a very robust ecosystem of commercial software vendors in the open source software market and that open source software is at the heart of some of the most popular consumer electronics products that are sold in the United States. It has clearly become an important part of the US software economy and increasingly serves as an enabler of innovation and technological progress. In light of the profitability of Red Hat and other open source leaders, it seems absurd to contend that open source software adoption will weaken the software industry or reduce its competitiveness. In fact, the emergence of open source software has contributed to creating a more competitive landscape in the software industry by offering alternative business models that enable smaller companies to gain traction against the dominant incumbent players. The IIPA's position is profoundly hypocritical, because many parts of the US government, including the Department of Defense, have issued their own memos endorsing open source software adoption. The IIPA's disingenuous move to equate open source software with piracy reeks of desperation. The BSA and other IIPA members are likely losing sleep over open source software because that development model and approach to licensing will empower developing countries to build their own domestic IT industries, eliminating the need for them to tithe to American software giants. It's another failing of the 301 review, which Big Content wants used to coerce other countries into adopting ever-more-stringent copyright laws.
  •  
    In accordance with US trade law, the Office of the US Trade Representative (USTR) is required to conduct an annual review of the status of foreign intellectual property laws. This review, which is referred to as Special 301, is typically used to denounce countries that have less restrictive copyright policies than the United States. The review process is increasingly dominated by content industry lobbyists who want to subvert US trade policy and make it more favorable to their own interests. We have already noted the targeting of Canada for its supposedly lax copyright laws, but that is not the only nation drawing the ire of Big Content. One of the organizations that plays a key role in influencing the Special 301 review is the International Intellectual Property Alliance (IIPA), a powerful coalition that includes the RIAA, the MPAA, and the Business Software Alliance (BSA). The IIPA, which recently published its official recommendations to the USTR for the 2010 edition of the 301 review, has managed to achieve a whole new level of absurdity.
Skeptical Debunker

Big majority wants Wall Street regulation - U.S. business- msnbc.com - 0 views

  • A Harris release on the February 16-21 telephone survey of 1,010 adults did not specify how financial regulation should be applied but said three-quarters of Americans believe Wall Street companies should pay bonuses only while in the black.Story continues below ↓advertisement | your ad heredap('&PG=NBCMSB&AP=1089','300','250');Harris said the U.S. public does see value in Wall Street itself: nearly 60 percent say the financial sector is an essential benefit to the United States.But a slightly larger majority disagrees that what is good for Wall Street is good for the country, while about two-thirds harbor strong negative views about the people who work there.By a margin of 66 percent to 29 percent, Americans agree that "most people on Wall Street would be willing to break the law if they believed they could make a lot of money and get away with it," pollsters found.Sixty-five percent say most successful people on Wall Street do not deserve the kind of money they make.
  •  
    An overwhelming majority of Americans wants Wall Street subjected to tougher regulation in the aftermath of the bank bailout and the bonus scandals that have rocked the U.S. financial sector, according to a Harris poll released on Thursday. The findings suggest that 82 percent of Americans want the government to clamp down more strongly on Wall Street excesses, with a particular emphasis on bonus schemes that have rewarded employees at loss-making companies such as American International Group.
‹ Previous 21 - 40 of 45 Next ›
Showing 20 items per page