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Philip Trainer

North Korea to pay Panama fine for seamen's release - Channel NewsAsia - 0 views

  • pay a fine next week
  • military weapons from Cuba onboard
  • Chong Chon Gang
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  • July 10
  • Panamanian customs officers
  • crew of 35
  • 25 containers of military hardware
  • 35-strong crew at a former US naval base,
  • air defence systems
  • missiles
  • two Soviet era MiG-21 fighter
  • 200,000 sacks of sugar.
  • (North Korean) Foreign Ministry will pay to free the sailors and the ship,
  • command and control vehicles
  • million-dollar penalty on the communist state.
  • 32 of them who did not know the content of the load.
  • admitted to having given a false statement on the ship's load and agreed to pay
  • 12 years in prison
  • none of them knew the content of the shipment
  • released "immediately" after the fine is paid.
  • "I have not been informed of this, and I don't know where Nunez got this information."
  • reduced to $666,666
  • Cubans in Havana
  • exert pressure on North Korea to pay the fine
  • pay between late November and early December.
  • Havana and Pyongyang
  • weapons aboard the freighter were obsolete Cuban arms
  • refurbishment under a legitimate contract.
  • Panama
  • said the shipment violated the UN arms embargo against North Korea.
  • United Nations had determined that the weapons were an infringement on sanctions imposed over the reclusive North's nuclear weapons program.
Maria Delzi

BBC News - Nicaragua canal construction 'will not begin until 2015' - 0 views

  • The construction of a canal in Nicaragua linking the Atlantic to the Pacific Ocean has been delayed by a year and will not begin until 2015.
  • The estimated cost of the projected waterway is $40bn (£25bn).
  • Environmentalists says Nicaragua's alternative to the Panama Canal will bring permanent risk to the region.
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  • President Daniel Ortega had said Nicaragua planned to begin construction in May 2014.
  • He told La Prensa newspaper in Nicaragua that only when the feasibility studies were concluded would it be possible to choose a "definite route".
  • Several routes were proposed, all of them about three times longer than the Panama Canal, which took 10 years to build and was finished in 1914.
  • The waterway connects the Caribbean with the Pacific via Lake Nicaragua or Cocibolca, Central America's largest freshwater lake. Its length is estimated at just under 300km (190 miles).
  • The Nicaraguan government will get a minority share of the profits generated by the canal.
  • But HKND's owner, Wang Jing, said he had attracted global investors and it was ready to build the canal in less than six years.
  • Nicaraguan leaders have dreamt of building the canal for over a century.
  • Nicaragua's announcement comes after a European-led consortium expanding the Panama Canal threatened to halt work unless the Panama Canal Authority met more than $1.6bn (£1bn) in cost overruns.
rachelramirez

Panama Papers Scandal Brings Down Iceland's Prime Minister - The New York Times - 0 views

  • Panama Papers Scandal Brings Down Iceland’s Prime Minister
  • Mr. Gunnlaugsson’s resignation was announced on television by Sigurdur Ingi Johannsson, a government minister and the deputy chairman of his Progressive Party, and it was confirmed by the state broadcaster, RUV.
  • Mr. Gunnlaugsson had insisted on staying in office after the leaked documents revealed that he and his wealthy partner, now his wife, had set up a company in 2007 in the British Virgin Islands through the law firm, Mossack Fonseca.
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  • As prime minister since 2013, Mr. Gunnlaugsson was involved in reaching a deal for the banks’ claimants, so he is now being accused of a conflict of interest.
  • When asked by Swedish and Icelandic television journalists about Wintris before the publication of the leaks, Mr. Gunnlaugsson stormed out, saying that the journalists had obtained the interview “under false pretenses.”
Javier E

The Guardian view on the Panama Papers: secret riches and public rage | Editorial | Opi... - 0 views

  • what has also broken out of the vaults of offshore legal specialists Mossack Fonseca is one over-riding sense. The sense that normal rules do not apply to the global elite. In a new gilded age, taxes would – once again – appear to be for the little people.
  • the understanding of what had gone wrong in the first place has steadily shifted. Initially, there was almost no understanding at all: baffling news reports about credit default swaps suggested only sorcery going wrong. Slowly but surely, however, the world has learned that the banks that busted the global economy were also consumed with old-fashioned skulduggery: rigging rates, ripping off customers, and laundering Mexican drug money. Courtesy of the Lux tax leaks on sweetheart corporate deals, and the HSBC files, documenting Swiss lockers stacked with bricks of cash, the world learned much more, too, about the tax-dodging lengths that private wealth will go to in order to keep public coffers empty.
  • The people, then, will be sceptical about how the elite responds to the revelations. The UK government will, rightly, be expected to translate some impressive rhetoric on avoidance into reality. Declarations of resolve must now come backed with resources, unlike the recent Channel Island campaign which the HMRC has scaled back because of a lack of resources. Mr Cameron’s 2013 promise of openness must now be imposed on British tax havens, on pain of withdrawing dependency status. The register of beneficial ownership is welcome, but must come coupled with a serious checking mechanism, which – for the moment – is lacking.
anonymous

Suez Canal: A Long Shutdown Might Roil The Global Economy : NPR - 0 views

  • Before the grounding of the massive Ever Given container ship in the Suez Canal, some 50 vessels a day, or about 10% of global trade, sailed through the waterway each day — everything from consumer electronics to food, chemicals, ore and petroleum.
  • Now, with the ship lodged sideways in the canal, closing off the main oceangoing highway between Europe and Asia, much of that cargo is sitting idle. It's either waiting to transit the canal or stuck in port while owners and shippers decide what to do.
  • Ultimately, they may be forced to place a bet on whether the canal will be reopened soon or gamble on expensive and time-consuming alternate routes. Lloyd's List estimates that the waiting game is costing $9.6 billion per day.
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  • Ship owners and operators have some options, but none of them are particularly good ones. The adage that time is money couldn't be more true in the shipping business. For the vessels already backed up in the canal, if the waterway isn't clear for transit soon, a decision will need to be made about whether to continue waiting or go to Plan B.
  • To get an idea just what a shortcut could be lost, commodity analysts Kpler said that for a vessel averaging 12 knots (14 mph), Suez to Amsterdam, takes 13 days via the canal. Around the Cape of Good Hope, it takes 41 days.
  • The situation could become clearer in the next week, Karatzas said, but if the Ever Given looks likely to require a massive operation to break free, shippers will have to make some tough and potentially costly decisions. The same goes for vessels that haven't yet left port, although the cost in time and money for them wouldn't be as great.
  • Another possible option is to go through the Panama Canal by way of the Pacific. But many of the largest commercial vessels today, such as the 1,300-foot Ever Given, are too big to fit through the Panama Canal.
  • Jonathan Roach, a container market analyst for Braemar ACM Shipbroking, said in a recent letter to clients that the route via the Cape of Good Hope was the most likely detour, even for vessels that can fit through the Panama Canal.Last year, due to a combination of excess capacity and falling fuel prices, some shippers did just that — opting to go the Africa route to avoid the Suez Canal transit fees.
  • There is one more possibility, but it too has severe limitations. A shorter route through the Arctic known alternately as the Northeast Passage, or the Northern Sea Route, or NSR, is being touted by Russia.
  • The number of vessels using the NSR has increased to several hundred each year, thanks in part to global warming that has reduced polar ice. However, traffic there still amounts to a mere fraction of what passes through the Suez.
  • The Northern Sea Route is still not considered practical by most shipping companies. For example, in 2018, Maersk, the world's largest container line, sent one of its ships via the NSR, but the company emphasized it doesn't see the route "as an alternative to our usual routes" and that the voyage was merely "a trial to explore an unknown route for container shipping and to collect scientific data."
  • Lastly, it's worth noting that a prolonged shutdown of the Suez Canal is not unprecedented. The waterway was closed for eight years, beginning in 1967, after war broke out between Egypt and Israel. As a result, ships were forced to divert around the tip of Africa.
  • Global supply chains, already significantly disrupted by the coronavirus pandemic, could be further stressed by a prolonged shutdown of the Suez Canal, said Jonathan Gold, vice president for supply chain and customs policy with the National Retail Federation.
  • The greatest impact would be felt in the European market, which relies most on transfers through the canal, but given the interconnected nature of global manufacturing and commerce, there's likely also to be a knock-on effect for the United States.
  • Bisceglie said it's time for companies to consider "having more disparate [supply hubs] instead of having all our eggs on one cargo ship." Maersk told NPR on Friday that it was too early to commit to rerouting any of its massive global container fleet. The Copenhagen, Denmark-based company said in a statement, that while "out of our control, we apologize for the inconvenience this incident may cause to your business and for critical shipments."
  • Like much else about the situation, it depends on how long it goes on. A weeklong delay for a few hundred ships at the Suez might have only a negligible impact for consumers, but a prolonged delay could increase the cost of shipping, complicate manufacturing and ultimately drive up prices.
  • That's $80,000 a day in fuel and an extra 10 days travel time — both to and from Asia. "So, you're looking at the best part of a million dollars with your operating costs. So it's a million dollars out and a million dollars back," he said.
  • In his letter to clients, Roach also noted problems at the Suez Canal could disrupt the flow of containers. A trade imbalance between Europe and Asia means that filled containers going west return mostly empty to ports in the east to be refilled. "If empty stocks dwindle in Asia, there is the short-term possibility of an increase" in prices, Roach wrote.
  • Overall, though, Joanna Konings, a senior economist at ING, told Bloomberg that she's "relatively sanguine" about the impact on trade. But she doesn't rule out "an inflationary shock that could come right to the consumer."
  • Shipping rates for petroleum products have nearly doubled since the Ever Given's grounding on Tuesday, according to Reuters. Although oil prices may also be feeling some upward pressure in the wake of the Ever Given incident, their increase so far has been blunted by news of further COVID-19 lockdowns in Europe that are likely to continue to depress demand.
redavistinnell

Iceland election could propel radical Pirate party into power | World news | The Guardian - 0 views

  • Iceland election could propel radical Pirate party into power
  • A party that favours direct democracy, complete government transparency, decriminalising drugs and offering asylum to Edward Snowden could form the next government in Iceland after the country goes to the polls on Saturday.
  • The radical party, founded by activists and hackers four years ago as part of an international anti-copyright movement, captured 5% of the vote in 2013 elections, winning three seats in Iceland’s 63-member parliament, the Althingi.
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  • A poll last week put the Pirates, who hang a black pirate flag in their parliamentary office, on nearly 21% of the vote, far short of the 40%-plus it was polling at the height of mass anti-government protests this spring,
  • The party has ruled out any possibility of forming a coalition with either of the current two ruling parties
  • “the parties forming a government … hiding behind compromises in coalition – enabling them to cheat voters again and again”.
  • nce the 2008 crash when Iceland’s three biggest banks collapsed owing 11 times the country’s GDP, Reykjavík’s stock market fell 97% and the value of the krona halved, Iceland has recovered economically.
  • Support for the Independence party, the Pirates’ rival for the position of largest party, seems to be holding.
  • Birgitta Jónsdóttir, the Pirates’ parliamentary leader, has said her party is willing to form a government with any party that subscribes to its agenda of “fundamental system change”, including the introduction of a new, crowdsourced national constitution.
  • the party advocates an “unlimited right” for citizens to be involved in political decision-making, with voters able to propose new legislation and decide on it in national referendums.
  • This election follows the resignation of Iceland’s prime minister, Sigmundur Davið Gunnlaugsson, who became the first major casualty of the Panama Papers
  • “Across Europe, increasingly many people think that the system that is supposed to look after them is not doing it any more,” Jónsdóttir said. “But we know we are new to this, and it is important that we are extra careful and extra critical on ourselves to not take too much on.”
Javier E

Destined for War: Can China and the United States Escape Thucydides's Trap? - The Atlantic - 0 views

  • The defining question about global order for this generation is whether China and the United States can escape Thucydides’s Trap. The Greek historian’s metaphor reminds us of the attendant dangers when a rising power rivals a ruling power—as Athens challenged Sparta in ancient Greece, or as Germany did Britain a century ago.
  • Most such contests have ended badly, often for both nations, a team of mine at the Harvard Belfer Center for Science and International Affairs has concluded after analyzing the historical record. In 12 of 16 cases over the past 500 years, the result was war.
  • When the parties avoided war, it required huge, painful adjustments in attitudes and actions on the part not just of the challenger but also the challenged.
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  • Based on the current trajectory, war between the United States and China in the decades ahead is not just possible, but much more likely than recognized at the moment. Indeed, judging by the historical record, war is more likely than not.
  • A risk associated with Thucydides’s Trap is that business as usual—not just an unexpected, extraordinary event—can trigger large-scale conflict. When a rising power is threatening to displace a ruling power, standard crises that would otherwise be contained, like the assassination of an archduke in 1914, can initiate a cascade of reactions that, in turn, produce outcomes none of the parties would otherwise have chosen.
  • The preeminent geostrategic challenge of this era is not violent Islamic extremists or a resurgent Russia. It is the impact that China’s ascendance will have on the U.S.-led international order, which has provided unprecedented great-power peace and prosperity for the past 70 years. As Singapore’s late leader, Lee Kuan Yew, observed, “the size of China’s displacement of the world balance is such that the world must find a new balance. It is not possible to pretend that this is just another big player. This is the biggest player in the history of the world.”
  • More than 2,400 years ago, the Athenian historian Thucydides offered a powerful insight: “It was the rise of Athens, and the fear that this inspired in Sparta, that made war inevitable.
  • Note that Thucydides identified two key drivers of this dynamic: the rising power’s growing entitlement, sense of its importance, and demand for greater say and sway, on the one hand, and the fear, insecurity, and determination to defend the status quo this engenders in the established power, on the other.
  • However unimaginable conflict seems, however catastrophic the potential consequences for all actors, however deep the cultural empathy among leaders, even blood relatives, and however economically interdependent states may be—none of these factors is sufficient to prevent war, in 1914 or today.
  • Four of the 16 cases in our review did not end in bloodshed. Those successes, as well as the failures, offer pertinent lessons for today’s world leaders. Escaping the Trap requires tremendous effort
  • Lee Kuan Yew, the world’s premier China watcher and a mentor to Chinese leaders since Deng Xiaoping. Before his death in March, the founder of Singapore put the odds of China continuing to grow at several times U.S. rates for the next decade and beyond as “four chances in five.
  • Could China become #1? In what year could China overtake the United States to become, say, the largest economy in the world, or primary engine of global growth, or biggest market for luxury goods?
  • Could China Become #1? Manufacturer: Exporter: Trading nation: Saver: Holder of U.S. debt: Foreign-direct-investment destination: Energy consumer: Oil importer: Carbon emitter: Steel producer: Auto market: Smartphone market: E-commerce market: Luxury-goods market:   Internet user: Fastest supercomputer: Holder of foreign reserves: Source of initial public offerings: Primary engine of global growth: Economy: Most are stunned to learn that on each of these 20 indicators, China has already surpassed the U.S.
  • In 1980, China had 10 percent of America’s GDP as measured by purchasing power parity; 7 percent of its GDP at current U.S.-dollar exchange rates; and 6 percent of its exports. The foreign currency held by China, meanwhile, was just one-sixth the size of America’s reserves. The answers for the second column: By 2014, those figures were 101 percent of GDP; 60 percent at U.S.-dollar exchange rates; and 106 percent of exports. China’s reserves today are 28 times larger than America’s.
  • On whether China’s leaders are serious about displacing the United States as the top power in Asia in the foreseeable future, Lee answered directly: “Of course. Why not … how could they not aspire to be number one in Asia and in time the world?” And about accepting its place in an international order designed and led by America, he said absolutely not: “China wants to be China and accepted as such—not as an honorary member of the West.”
  • As the United States emerged as the dominant power in the Western hemisphere in the 1890s, how did it behave? Future President Theodore Roosevelt personified a nation supremely confident that the 100 years ahead would be an American century. Over a decade that began in 1895 with the U.S. secretary of state declaring the United States “sovereign on this continent,” America liberated Cuba; threatened Britain and Germany with war to force them to accept American positions on disputes in Venezuela and Canada; backed an insurrection that split Colombia to create a new state of Panama (which immediately gave the U.S. concessions to build the Panama Canal); and attempted to overthrow the government of Mexico, which was supported by the United Kingdom and financed by London bankers. In the half century that followed, U.S. military forces intervened in “our hemisphere” on more than 30 separate occasions to settle economic or territorial disputes in terms favorable to Americans, or oust leaders they judged unacceptable
  • When Deng Xiaoping initiated China’s fast march to the market in 1978, he announced a policy known as “hide and bide.” What China needed most abroad was stability and access to markets. The Chinese would thus “bide our time and hide our capabilities,” which Chinese military officers sometimes paraphrased as getting strong before getting even.
  • With the arrival of China’s new paramount leader, Xi Jinping, the era of “hide and bide” is over
  • Many observers outside China have missed the great divergence between China’s economic performance and that of its competitors over the seven years since the financial crisis of 2008 and Great Recession. That shock caused virtually all other major economies to falter and decline. China never missed a year of growth, sustaining an average growth rate exceeding 8 percent. Indeed, since the financial crisis, nearly 40 percent of all growth in the global economy has occurred in just one country: China
  • What Xi Jinping calls the “China Dream” expresses the deepest aspirations of hundreds of millions of Chinese, who wish to be not only rich but also powerful. At the core of China’s civilizational creed is the belief—or conceit—that China is the center of the universe. In the oft-repeated narrative, a century of Chinese weakness led to exploitation and national humiliation by Western colonialists and Japan. In Beijing’s view, China is now being restored to its rightful place, where its power commands recognition of and respect for China’s core interests.
  • Last November, in a seminal meeting of the entire Chinese political and foreign-policy establishment, including the leadership of the People’s Liberation Army, Xi provided a comprehensive overview of his vision of China’s role in the world. The display of self-confidence bordered on hubris. Xi began by offering an essentially Hegelian conception of the major historical trends toward multipolarity (i.e. not U.S. unipolarity) and the transformation of the international system (i.e. not the current U.S.-led system). In his words, a rejuvenated Chinese nation will build a “new type of international relations” through a “protracted” struggle over the nature of the international order. In the end, he assured his audience that “the growing trend toward a multipolar world will not change.”
  • Given objective trends, realists see an irresistible force approaching an immovable object. They ask which is less likely: China demanding a lesser role in the East and South China Seas than the United States did in the Caribbean or Atlantic in the early 20th century, or the U.S. sharing with China the predominance in the Western Pacific that America has enjoyed since World War II?
  • At this point, the established script for discussion of policy challenges calls for a pivot to a new strategy (or at least slogan), with a short to-do list that promises peaceful and prosperous relations with China. Shoehorning this challenge into that template would demonstrate only one thing: a failure to understand the central point I’m trying to make
  • What strategists need most at the moment is not a new strategy, but a long pause for reflection. If the tectonic shift caused by China’s rise poses a challenge of genuinely Thucydidean proportions, declarations about “rebalancing,” or revitalizing “engage and hedge,” or presidential hopefuls’ calls for more “muscular” or “robust” variants of the same, amount to little more than aspirin treating cancer. Future historians will compare such assertions to the reveries of British, German, and Russian leaders as they sleepwalked into 1914
  • The rise of a 5,000-year-old civilization with 1.3 billion people is not a problem to be fixed. It is a condition—a chronic condition that will have to be managed over a generation
  • Success will require not just a new slogan, more frequent summits of presidents, and additional meetings of departmental working groups. Managing this relationship without war will demand sustained attention, week by week, at the highest level in both countries. It will entail a depth of mutual understanding not seen since the Henry Kissinger-Zhou Enlai conversations in the 1970s. Most significantly, it will mean more radical changes in attitudes and actions, by leaders and publics alike, than anyone has yet imagined.
Javier E

The Columbian Exchange and the Real Story of Globalization - WSJ.com - 0 views

  • A growing number of scholars believe that the ecological transformation set off by Columbus's voyages was one of the establishing events of the modern world. Why did Europe rise to predominance? Why did China, once the richest, most advanced society on earth, fall to its knees? Why did chattel slavery take hold in the Americas? Why was it the United Kingdom that launched the Industrial Revolution? All of these questions are tied in crucial ways to the Columbian Exchange.
  • the common nightcrawler and the red marsh worm, creatures that did not exist in North America before 1492.
  • Intoxicating and addictive, tobacco became the subject of the first truly global commodity craze.
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  • Sailors balanced out the weight by leaving behind their ships' ballast: stones, gravel and soil. They swapped English dirt for Virginia tobacco. That dirt very likely contained the common nightcrawler and the red marsh worm. So, almost certainly, did the rootballs of plants that the colonists imported.
  • In worm-free woodlands, leaves pile up in drifts on the forest floor. Trees and shrubs in wormless places depend on litter for food. When earthworms arrive, they quickly consume the leaf litter, packing the nutrients deep in the soil in the form of castings (worm excrement). Suddenly, the plants can no longer feed themselves; their fine, surface-level root systems are in the wrong place. Wild sarsaparilla, wild oats, Solomon's seal and a host of understory plants die off; grass-like species such as Pennsylvania sedge take over. Sugar maples almost stop growing, and ash seedlings start to thrive.
  • Transported in the bodies of sailors, malaria may have crossed the ocean as early as Columbus's second voyage. Yellow fever, malaria's frequent companion, soon followed. By the 17th century, the zone where these diseases held sway—coastal areas roughly from Washington, D.C., to the Brazil-Ecuador border—was dangerous territory for European migrants, many of whom died within months of arrival
  • Initially, American planters preferred to pay to import European laborers—they spoke the same language and knew European farming methods. They also cost less than slaves bought from Africa, but they were far less hardy and thus a riskier investment. In purely economic terms, the historian Philip Curtin has calculated, the diseases of the Columbian Exchange made the enslaved worker "preferable at anything up to three times the price of the European."
  • At the time, England and Scotland shared a monarch but remained separate nations. England, the bigger partner, had been pushing a complete merger for decades. Scots had resisted, fearing a London-dominated economy, but now England promised to reimburse investors in the failed Panama project as part of a union agreement. As Mr. McNeill wrote, "Thus Great Britain was born, with assistance from the fevers of Panama."
  • Eighteenth-century farmers who planted potatoes reaped about four times as much dry food matter as they did from wheat or barley. Hunger was then a familiar presence in Europe. France had 40 nationwide food calamities between 1500 and 1800, more than one every decade, according to the French historian Fernand Braudel. England had still more. The continent simply could not sustain itself. The potato allowed most of Europe—a 2,000-mile band between Ireland and the Ukraine—to feed itself. (Corn, another American crop, played a similar role in Italy and Romania.) Political stability, higher incomes and a population boom were the result. Imported from Peru, the potato became the fuel for the rise of Europe.
  • The sweet potato played a similar role in China. Introduced (along with corn) from South America via the Pacific silver trade in the 1590s, it suddenly provided a way for Chinese farmers to cultivate upland areas that had been unusable for rice paddies. The nutritious new crop encouraged the fertility boom of the Qing dynasty, but the experiment soon went badly wrong. Because Chinese farmers had never cultivated their dry uplands, they made beginners' mistakes. An increase in erosion led to extraordinary levels of flooding, which in turn fed popular unrest and destabilized the government. The new crops that had helped to strengthen Europe were a key factor in weakening China.
  • European ships accidentally imported the fungus-like organism, native to Peru, that causes the potato disease known as late blight. First appearing in Flanders in June 1845, it was carried by winds to potato farms around Paris in August. Weeks later it wiped out fields in the Netherlands, Germany, Denmark and England. Blight appeared in Ireland on Sept. 13.
  • the Columbian Exchange, like a biological Internet, has put every part of the natural world in contact with every other, refashioning it, for better or worse, at a staggering rate.
Emilio Ergueta

[Publisher's Note] | A purposeless, symbolic war, by John R. MacArthur | Harper's Magazine - 0 views

  • “Since World War II, very little that could be called genuinely humanitarian has resulted from American military intervention—not in Korea, certainly not in Vietnam, and not in Panama, Afghanistan, or the two Iraq wars and Libya.”
  • Since World War II, very little that could be called genuinely humanitarian has resulted from American military intervention—not in Korea, certainly not in Vietnam, and not in Panama, Afghanistan, or the two Iraq wars and Libya. The only wars of rescue that might have been conceived on moral grounds—Grenada and Kosovo—were so badly tainted by U.S. deception that the liberal interventionists don’t even talk about them anymore. The American medical students in Grenada were in no real danger after the communist coup, and the Serbs weren’t committing “genocide” against the Albanians in Kosovo.
  • ’ve been consistent in my criticism of the president since even before he was first elected. But I don’t think that he’s ignorant, or even a fantasist like Reagan. Mr. Obama surely knows that America cannot defeat a religious ideology with missiles or soldiers, any more than we could defeat the Vietcong and Ho Chi Minh’s North Vietnamese troops with massive aerial bombing and more than 500,000 ground troops.
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  • The trouble is, the conventional wisdom is wrong. America’s beleaguered working and middle classes have lost their illusions about American goodness and virtue in the world. They just want a raise, and Mr. Obama and the Democrats didn’t deliver it.
anniina03

Ocean Explorers Made History Far Before Christopher Columbus | Time - 0 views

  • One of humanity’s greatest achievements has been mastering routes across the world’s oceans.
  • Customs have been decisively altered by the movement of ships across the oceans. No one drank tea in medieval Europe, but once contact had been made with the tea-drinking Chinese, tea became the obsession of millions of people from Sweden to the United States
  • We tend to think that the opening of the oceans was the work of the great explorers, especially the 15th century pioneers who edged their way through uncharted waters to southern Africa, the Indian Ocean and the spice lands of the Indies. These were sailors such as Christopher Columbus, who chanced upon unsuspected lands that blocked the expected sea route from Europe to China and Japan. But while these men did give the Age of Discovery its name, they didn’t start the exploration of the world’s oceans
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  • Already around 2500 BC, merchants were setting out from what is now Iraq, the seat of the ancient Sumerian civilization, carrying silver ingots to India
  • En route, they acquired copper from Oman and brought precious objects such as carnelian and lapis lazuli from India. Accumulating and re-investing profits, they were the first capitalists. The Indian Ocean became one of the great channels of trade between nations. Greek merchants from Egypt exploited the monsoon winds to ensure a swift passage to south India.
  • The Chinese emperors tended to discourage uncontrolled trade, though prohibitions often did more to provoke traders into finding ways around the rules. Early compasses were used for feng shui, not navigation. But in the 12th century AD, when the coasts of China were open to the world, Hangzhou was at the peak of its prosperity.
  • in the open Pacific, hundreds of scattered islands from Hawaii to Easter Island were settled over many centuries — the Polynesians only reached New Zealand around AD 1300. Even without written records, the Polynesians transmitted exact knowledge of how to sail these apparently boundless waters from generation to generation.
  • By 1500 AD, the Portuguese had begun to show interest in what the Atlantic might offer. That interest had resulted in the settlement of uninhabited islands including Madeira, which began to export phenomenal quantities of sugar.
  • When European sailors — from Portugal, Spain, Holland, England, Denmark and France — entered the Pacific and the Indian Ocean starting in the 16th century, they found a lively maritime world that they could never truly dominate. They still depended on the resources and supply lines of the inhabitants of the lands they visited, even as they created routes across the entire globe
  • Since then, the oceans have only continued to tie the world together — most dramatically when new routes were literally carved out, with the building of the Suez Canal in the 19th century and the opening of the Panama Canal in 1914. The first goods to pass through the Panama Canal consisted of a cargo of tinned pineapples from Hawaii. The Pacific and the Atlantic were more closely tied together than ever before.
  • In the 21st century, however, new factors have changed entirely the way goods are carried across the seas, even though over 90% of world trade is carried on ships
  • Business is conducted on a scale that utterly dwarfs that of even 20 years ago, transforming a familiar world. And yet, through trade and cultural exchange, the seas continue to connect even the most distant lands.
Javier E

(2) What Was the 'Soviet Century'? - by André Forget - Bulwark+ - 0 views

  • Schlögel makes the argument that the Soviet Union is best understood not primarily as the manifestation of rigid Communist ideology, but as an attempt to transform an agrarian peasant society into a fully modern state
  • “A ‘Marxist theory,’” he writes, “yields very little for an understanding of the processes of change in postrevolutionary Russia. We get somewhat nearer the mark if we explore the scene of a modernization without modernity and of a grandiose civilizing process powered by forces that were anything but civil.” In other words, the interminable debates about whether Lenin was the St. Paul of communism or its Judas Iscariot are beside the point: As a Marxist might put it, the history of the Soviet Union is best explained by material conditions.
  • the story one pieces together from his chapters goes something like this. In the years between 1917 and 1945, the Russian Empire ceased to be a semi-feudal aristocracy governed by an absolutist monarch whose rule rested on divine right, and became an industrialized state. It dammed rivers, electrified the countryside, built massive factories and refineries, collectivized agriculture, raised literacy rates, set up palaces of culture, created a modern military, and made the Soviet Union one of the most powerful countries in the world. In the course of doing so, it sent some of its best minds into exile, crippled its system of food production, set up a massive network of prison camps, watched millions of its citizens die of hunger, killed hundreds of thousands more through slave labor and forced relocation, and executed a generation of revolutionary leaders. It did all this while surviving one of the most brutal civil wars of the twentieth century and the largest land invasion in history.
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  • Over the next forty-five years, it tried to establish a solid basis for growth and prosperity. It launched an ambitious housing program to create living spaces for its massive and rapidly urbanizing population, and to nurture the growth of a Soviet middle class that had access to amenities and luxury goods. At the same time, it systematically blocked this new middle class from exercising its creative faculties outside a narrow range of approved topics and ideological formulas, and it could not reliably ensure that if someone wanted to buy a winter coat in December, they could find it in the shop. It created a state with the resources and technology to provide for the needs of its citizens, but that was unable to actually deliver the goods.
  • The USSR moved forward under the weight of these contradictions, first sprinting, then staggering, until it was dismantled by another revolution, one that was orchestrated by the very class of party elites the first one had produced. But the states that emerged from the Soviet Union in 1991, and the people who lived in them, had undergone a profound change in the process.
  • Schlögel argues that over its sixty-eight years of existence, the Soviet Union did succeed in its goal of creating a “new Soviet person” (novy sovetsky chelovek). But, as he puts it,The new human being was the product not of any faith in a utopia, but of a tumult in which existing lifeworlds were destroyed and new ones born. The “Homo Sovieticus” was no fiction to be casually mocked but a reality with whom we usually only start to engage in earnest when we realize that analyzing the decisions of the Central Committee is less crucial than commonly assumed
  • Placing the emphasis on modernization rather than ideology allows Schlögel to delineate oft-ignored parallels and connections between the USSR and the United States. In the 1930s, especially, there was a great deal of cultural and technical collaboration between U.S. citizens and their Soviet counterparts, which led to what Hans Rogger called “Soviet Americanism” (sovetsky amerikanizm). “In many respects,” Schlögel writes, Soviet citizens “felt closer to America; America had left behind the class barriers and snobbery of Old Europe. America was less hierarchical; you could rise socially, something otherwise possible only in postrevolutionary Russia, where class barriers had broken down and equality had been universally imposed by brute force.”
  • As each rose to a position of global economic, political, and military predominance, the British Empire and the United States divided the world into “white” people, who had certain inalienable rights, and “colored” people who did not. The USSR, rising later and faster, made no such distinctions. An Old Bolshevik who had served the revolution for decades was just as likely to end their life freezing on the taiga as a Russian aristocrat or a Kazakh peasant.
  • Pragmatism and passion were certainly present in the development of the USSR, but they were not the only inputs. Perhaps the crucial factor was the almost limitless cheap labor supplied by impoverished peasants driven off their land, petty criminals, and political undesirables who could be press-ganged into service as part of their “reeducation.”
  • Between 1932 and 1937, the output of the Dalstroy mine went from 511 kilograms of gold to 51.5 tons. The price of this astonishing growth was paid by the bodies of the prisoners, of whom there were 163,000 by the end of the decade. The writer Varlam Shalamov, Schlögel’s guide through this frozen Malebolge, explains it this way:To turn a healthy young man, who had begun his career in the clean winter air of the gold mines, into a goner, all that was needed, at a conservative estimate, was a term of twenty to thirty days of sixteen hours of work per day, with no rest days, with systematic starvation, torn clothes, and nights spent in temperatures of minus sixty degrees in a canvas tent with holes in it, and being beaten by the foremen, the criminal gang masters, and the guards.
  • There is no moral calculus that can justify this suffering. And yet Schlögel lays out the brutal, unassimilable fact about the violence of Soviet modernization in the 1930s: “Without the gold of Kolyma . . . there would have been no build-up of the arms industries before and during the Soviet-German war.” The lives of the workers in Kolyma were the cost of winning the Second World War as surely as those of the soldiers at the front.
  • Of the 250,000 people, most of them prisoners,1 involved in building the 227-kilometer White Sea Canal, around 12,800 are confirmed to have died in the process. Even if the actual number is higher, as it probably is, it is hardly extraordinary when set against the 28,000 people who died in the construction of the 80-kilometer Panama Canal (or the 20,000 who had died in an earlier, failed French attempt to build it), or the tens of thousands killed digging the Suez Canal
  • it is worth noting that slave labor in mines and building projects, forced starvation of millions through food requisitions, and the destruction of traditional lifeworlds were all central features of the colonial projects that underwrote the building of modernity in the U.S. and Western Europe. To see the mass death caused by Soviet policies in the first decades of Communist rule in a global light—alongside the trans-Atlantic slave trade, the genocide of Indigenous peoples in Africa and the Americas, and the great famines in South Asia—is to see it not as the inevitable consequence of socialist utopianism, but of rapid modernization undertaken without concern for human life.
  • But Soviet Americanism was about more than cultural affinities. The transformation of the Soviet Union would have been impossible without American expertise.
  • Curiously enough, Schlögel seems to credit burnout from the era of hypermobilization for the fall of the USSR:Whole societies do not collapse because of differences of opinion or true or false guidelines or even the decisions of party bosses. They perish when they are utterly exhausted and human beings can go on living only if they cast off or destroy the conditions that are killing them
  • it seems far more accurate to say that the USSR collapsed the way it did because of a generational shift. By the 1980s, the heroic generation was passing away, and the new Soviet people born in the post-war era were comparing life in the USSR not to what it had been like in the bad old Tsarist days, but to what it could be like
  • Schlögel may be right that “Pittsburgh is not Magnitogorsk,” and that the U.S. was able to transition out of the heroic period of modernization far more effectively than the USSR. But the problems America is currently facing are eerily similar to those of the Soviet Union in its final years—a sclerotic political system dominated by an aging leadership class, environmental degradation, falling life expectancy, a failed war in Afghanistan, rising tensions between a traditionally dominant ethnic group and freedom-seeking minorities, a population that has been promised a higher standard of living than can be delivered by its economic system.
  • given where things stand in the post-Soviet world of 2023, the gaps tell an important story. The most significant one is around ethnic policy, or what the Soviet Union referred to as “nation-building” (natsional‘noe stroitel‘stvo).
  • In the more remote parts of the USSR, where national consciousness was still in the process of developing, it raised the more profound question of which groups counted as nations. When did a dialect become a language? If a nation was tied to a clearly demarcated national territory, how should the state deal with nomadic peoples?
  • The Bolsheviks dealt with this last problem by ignoring it. Lenin believed that “nationality” was basically a matter of language, and language was simply a medium for communication.
  • Things should be “national in form, socialist in content,” as Stalin famously put it. Tatar schools would teach Tatar children about Marx and Engels in Tatar, and a Kyrgyz novelist like Chinghiz Aitmatov could write socialist realist novels in Kyrgyz.
  • Unity would be preserved by having each nationality pursue a common goal in their own tongue. This was the reason Lenin did not believe that establishing ethno-territorial republics would lead to fragmentation of the Soviet state
  • Despite these high and earnest ideals, the USSR’s nationalities policy was as filled with tragedy as the rest of Soviet history. Large numbers of intellectuals from minority nations were executed during the Great Purge for “bourgeois nationalism,” and entire populations were subject to forced relocation on a massive scale.
  • In practice, Soviet treatment of national minorities was driven not by a commitment to self-determination, but by the interests (often cynical, sometimes paranoid) of whoever happened to be in the Kremlin.
  • The ethnic diversity of the USSR was a fundamental aspect of the lifeworlds of millions of Soviet citizens, and yet Schlögel barely mentions it.
  • As is often the case with books about the Soviet Union, it takes life in Moscow and Leningrad to be representative of the whole. But as my friends in Mari El used to say, “Moscow is another country.”
  • None of this would matter much if it weren’t for the fact that the thirty years since the dismantling of the USSR have been defined in large part by conflicts between and within the successor states over the very questions of nationality and territory raised during the founding of the Soviet Union.
  • in the former lands of the USSR, barely a year has gone since 1991 without a civil war, insurgency, or invasion fought over control of territory or control of the government of that territory in Central Asia, the Caucasus, and Eastern Europe.
  • Russia’s full-scale invasion of Ukraine in February 2022 euthanized any remaining hopes that globalization and integration of trade would establish a lasting peace in Eastern Europe. The sense of possibility that animates Schlögel’s meditations on post-Soviet life—the feeling that the lifeworld of kommunalkas and queues had given way to a more vivacious, more dynamic, more forward-looking society that was bound to sort itself out eventually—now belongs definitively to the past. Something has been broken that cannot be fixed.
  • It is worth noting (Schlögel does not) that of the institutions that survived the dismantling of the Soviet state, the military and intelligence services and the criminal syndicates were the most powerful, in large part because they were so interconnected. In a kind of Hegelian shit-synthesis, the man who established a brutal kind of order after the mayhem of the nineteen-nineties, Vladimir Putin, has deep ties to both. The parts of Soviet communism that ensured a basic standard of living were, for the most part, destroyed in the hideously bungled transition to a market economy. Militarism, chauvinism, and gangster capitalism thrived, as they still do today.
  • Perhaps it is now possible to see the Soviet century as an anomaly in world history, an interregnum during which two power blocks, each a distorted reflection of the other, marshaled the energies of a modernizing planet in a great conflict over the future. The United States and the USSR both preached a universal doctrine, both claimed they were marching toward the promised land.
  • The unipolar moment lasted barely a decade, and we have now fallen through the rotten floor of American hegemony to find ourselves once again in the fraught nineteenth century. The wars of today are not between “smelly little orthodoxies,” but between empires and nations, the powerful states that can create their own morality and the small countries that have to find powerful friends
  • the key difference between 2023 and 1900 is that the process of modernization is, in large parts of the world, complete. What this means for great-power politics in the twenty-first century, we are only beginning to understand.
Javier E

The world today looks ominously like it did before World War I - The Washington Post - 0 views

  • A backlash to globalization appears to be gaining strength around the world. U.S. politicians on both the right and left have called for curbing free trade deals they say benefit foreigners or the global elite. President-elect Donald Trump has championed tariffs on imports and limits on immigration, and suggested withdrawing from international alliances and trade agreements. Meanwhile, populist and nationalist governments have gained ground in Europe and Asia, and voters in Britain have elected to withdraw from the European Union
  • To some, it looks ominously like another moment in history — the period leading up to World War I, which marked the end of a multi-decade expansion in global ties that many call the first era of globalization.
  • the world could see a substantial backsliding to globalization in decades to come. After all, he writes, we have seen it happen before, in the years of chaos and isolationism that encompassed the First and Second World Wars and the Great Depression.
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  • There are many differences among these eras of globalization and retrenchment, Feinman is careful to say. The World Wars and Great Depression were not just about a rejection of globalization, and that rejection of globalization was as much a result of those events as their cause,
  • From the mid-19th century to 1914, advances like steamships, the telegraph, the telephone and the Suez and Panama canals dramatically shrunk distances and increased communication, and the world underwent a period of rapid globalization.
  • “The first great globalization wave, in the half-century or so before WWI, sparked a populist backlash too, and ultimately came crashing down in the cataclysms of 1914 to 1945,”
  • Yet there are some strong parallels, Feinman says. “Modern globalization has been spurred by some of the same forces that powered the pre-WWI epoch: New technologies, an open, free-trade, rules-based world economic system underpinned by the leading power of the day, and a period of general peace among major countries.”
  • Today, the free flow of capital and trade exceeds what it was in the pre-World War I era. And the share of Americans who are foreign-born and the share of wealth owned by the richest Americans — an indicator of inequality — have returned to pre-World War I levels, after dipping during the mid-1900s, as the two graphs below show
  • Feinman says that globalization is far from solely responsible for the economic malaise that some in the United States and around the world experience. In addition to globalization, technology, social changes and government policies have all been instrumental in determining who benefits and who loses out from global economic integration in past decades.
  • At this point, the threat to globalization is mostly a risk rather than a reality, says Feinman, and “cooler heads may well prevail.” The global economy is still remarkably integrated, and new techno
katyshannon

Castro to Obama: Return Guantanamo, Lift Embargo - NBC News - 0 views

  • Cuban President Raul Castro told President Barack Obama that normalizing relations between the two countries could best be achieved by returning land currently occupied by the U.S. naval base at Guantanamo Bay and lifting economic sanctions, Cuban officials said on Tuesday.
  • The two leaders met with on the sidelines of the United Nations General Assembly in New York on Tuesday — the first such sit-down between leaders of the two countries on American soil since the Cuban revolution.
  • In a statement the White House said the president "also highlighted steps the United States intends to take to improve ties between the American and Cuban peoples, and reiterated our support for human rights in Cuba."
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  • There are contentious disputes over mutual claims for economic reparations, Cuba's insistence on an end to the 53-year-old trade embargo and American calls for Cuba to improve on human rights and democracy. Rodríguez Parilla told reporters that the two leaders discussed their differences on those areas.
  • The two leaders have spoken on several occasions since taking steps toward normalizing relations and economic ties between the two countries after decades of Cold War hostilities. The two presidents spoke most recently during a rare phone call ahead of Pope Francis' visit to Cuba and the U.S.
  • They also spoke earlier this month after the Obama administration announced that U.S companies are now allowed to establish a physical presence in Cuba — a change which will make it easier for people in the U.S. to invest, travel and open up business in Cuba. The two leaders also spoke before their meeting at the Summit of the Americas in Panama in April.
  • In August, the American flag was raised over the U.S. Embassy in Cuba for the first time in more than half a century. In July, Cuban officials inaugurated their embassy in Washington.
  •  
    Castro and Obama meet and discuss controversial topics.
jongardner04

North Korea sanctions: Philippines to seize cargo ship - BBC News - 0 views

  • The Philippines says it has seized a North Korean ship in line with tightened UN sanctions targeting the country's nuclear programme.
  • Ocean Maritime Management was blacklisted by the UN Security Council in 2014 after one of its ships was seized in July 2013 near the Panama Canal with Cuban weapons hidden under sugar sacks.
runlai_jiang

Burning oil tanker sinks off China after one week - BBC News - 0 views

  • An oil tanker burning in the East China Sea for more than a week has finally sunk, Chinese media say.The Sanchi and a cargo ship collided 260km (160 miles) off Shanghai on 6 January, with the tanker then drifting south-east towards Japan
  • China Central Television said that the Sanchi had gone down after "suddenly igniting" around noon (04:00 GMT).
  • Some 13 vessels and an Iranian commando unit had been taking part in the salvage operation, amid bad weather.A spokesman for the Iranian team, Mohammad Rastad, said there was no hope of finding any survivors.
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  • The rescue workers retrieved the ship's black box but had to leave quickly because of the toxic smoke and high temperatures.
  • The Panama-flagged Sanchi was bringing the condensate from Iran to South Korea when the collision with the Hong Kong-registered freighter CF Crystal, carrying grain from the US, happened in the East China Sea. The crewmen of the Crystal were all rescued.
  • Condensate is very different from the black crude that is often seen in oil spills.It is toxic, low in density and considerably more explosive than regular crude.Condensate creates products such as jet fuel, petrol, diesel and heating fuel.
Javier E

The Antitrust Case Against Facebook, Google and Amazon - WSJ - 0 views

  • A growing number of critics think these tech giants need to be broken up or regulated as Standard Oil and AT&T once were.
  • antitrust regulators have a narrow test: Does their size leave consumers worse off?
  • By that standard, there isn’t a clear case for going after big tech—at least for now. They are driving down prices and rolling out new and often improved products and services every week.
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  • That may not be true in the future: If market dominance means fewer competitors and less innovation, consumers will be worse off than if those companies had been restrained. “The impact on innovation can be the most important competitive effect” in an antitrust case
  • Yet Google’s monopoly means some features and prices that competitors offered never made it in front of customers. Yelp Inc., which in 2004 began aggregating detailed information and user reviews of local services, such as restaurants and stores, claims Google altered its search results to hurt Yelp and help its own competing service. While Yelp survived, it has retreated from Europe, and several similar local search services have faded.
  • In a 2005 paper, Mr. Scherer found that Standard Oil was indeed a prolific generator of patents in its early years, but that slowed once it achieved dominance.
  • Standard Oil and AT&T used trusts, regulations and patents to keep out or co-opt competitors. They were respected but unloved.
  • By contrast, Google and Facebook give away their main product, while Amazon undercuts traditional retailers so aggressively it may be holding down inflation. None enjoys a government-sanctioned monopoly; all invest prodigiously in new products.
  • All are among the public’s most loved brands, according to polls by Morning Consult.
  • Yet there are also important parallels. The monopolies of old and of today were built on proprietary technology and physical networks that drove down costs while locking in customers, erecting formidable barriers to entry.
  • . If they’re imposing a cost, it may not be what customers pay but the products they never see.
  • When the federal government sued to break up Standard Oil, the Supreme Court acknowledged business acumen was important to the company’s early success, but concluded that was eventually supplanted by a single-minded determination to drive others out of the market.
  • Amazon hasn’t yet reached the same market share as Google or Facebook but its position is arguably even more impregnable because it enjoys both physical and technological barriers to entry. Its roughly 75 fulfillment centers and state-of-the art logistics (including robots) put it closer, in time and space, to customers than any other online retailer.
  • “Just like people joined Facebook because everyone else was on Facebook, the biggest competitive advantage AT&T had was that it was interconnected,”
  • Early in the 20th century, AT&T began buying up local competitors and refusing to connect independent exchanges to its long-distance lines, arousing antitrust complaints. By the 1920s, it was allowed to become a monopoly in exchange for universal service in the communities it served. By 1939, the company carried more than 90% of calls.
  • After AT&T was broken up into separate local and long-distance companies in 1982, telecommunication innovation blossomed, spreading to digital switching, fiber optics, cellphones—and the internet.
  • “There should be hundreds of Yelps. There’s not. No one is pitching investors to build a service that relies on discovery through Facebook or Google to grow, because venture capitalists think it’s a poor bet.”
  • At that same hearing Jeffrey Katz, then the chief executive of Nextag, responded, “That is like saying move to Panama if you don’t like the tax rate in America. It’s a fake choice because no one has Google’s scope or capabilities and consumers won’t, don’t, and in fact can’t jump.”
  • In 2013 the U.S. Federal Trade Commission concluded that even if Google had hurt competitors, it was to serve consumers better, and declined to bring a case. Since then, comparison sites such as Nextag have largely faded.
  • The different outcomes hinge in part on different approaches. European regulators are more likely to see a shrinking pool of competitors as inherently bad for both competition and consumers. American regulators are more open to the possibility that it could be natural and benign.
  • Internet platforms have high fixed and minimal operating costs, which favors consolidation into a few deep-pocketed competitors. And the more customers a platform has, the more useful it is to each individual customer—the “network effect.”
  • But a platform that confers monopoly in one market can be leveraged to dominate another. Facebook’s existing user base enabled it to become the world’s largest photo-sharing site through its purchase of Instagram in 2012 and the largest instant-messaging provider through its purchase of WhatsApp in 2014. It is also muscling into virtual reality through its acquisition of Oculus VR in 2014 and anonymous polling with its purchase of TBH last year.
  • Once a company like Google or Facebook has critical mass, “the venture capital looks elsewhere,” says Roger McNamee of Elevation Partners, a technology-focused private-equity firm. “There’s no point taking on someone with a three or four years head start.”
  • when Google launched its own comparison business, Google Shopping, those sites found themselves dropping deeper into Google’s search results. They accused Google of changing its algorithm to favor its own results. The company responded that its algorithm was designed to give customers the results they want.
  • As the dominant platform for third-party online sales, Amazon also has access to data it can use to decide what products to sell itself. In 2016 Capitol Forum, a news service that investigates anticompetitive behavior, reported that when a shopper views an Amazon private-label clothing brand, the accompanying list of items labeled “Customers Who Bought This Item Also Bought,” is also dominated by Amazon’s private-label brands. This, it says, restricts competing sellers’ access to a prime marketing space
  • In the face of such accusations, the probability of regulatory action—for now—looks low, largely because U.S. regulators have a relatively high bar to clear: Do consumers suffer?
  • “We think consumer welfare is the right standard,” Bruce Hoffman, the FTC’s acting director of the bureau of competition, recently told a panel on antitrust law and innovation. “We have tried other standards. They were dismal failures.”
  • What would remedies look like? Since Big Tech owes its network effects to data, one often-proposed fix is to give users ownership of their own data: the “social graph” of connections on Facebook, or their search history on Google and Amazon. They could then take it to a competitor.
  • A more drastic remedy would be to block acquisitions of companies that might one day be a competing platform. British regulators let Facebook buy Instagram in part because Instagram didn’t sell ads, which they argued made them different businesses. In fact, Facebook used Instagram to engage users longer and thus sell more ads
  • Ben Thompson, wrote in his technology newsletter Stratechery. Building a network is “extremely difficult, but, once built, nearly impregnable. The only possible antidote is another network that draws away the one scarce resource: attention.” Thus, maintaining competition on the internet requires keeping “social networks in separate competitive companies.”
  • How sound are these premises? Google’s and Facebook’s access to that data and network effects might seem like an impregnable barrier, but the same appeared to be true of America Online’s membership, Yahoo ’s search engine and Apple’s iTunes store, note two economists, David Evans and Richard Schmalensee, in a recent paper. All saw their dominance recede in the face of disruptive competition.
  • It’s possible Microsoft might have become the dominant company in search and mobile without the scrutiny the federal antitrust case brought. Throughout history, entrepreneurs have often needed the government’s help to dislodge a monopolist—and may one day need it again.
krystalxu

The History of Green Tea - 0 views

  • First recognized outside of China in the early 1900's, Chinese green teas quickly became very popular overseas and in 1915 Xinyang Maojian won gold medal for 'best tea in the world' at the Panama World Expo.
  • as simple basic drying processes were introduced that increased its availability and allowed the introduction of scented teas, which helped lessen the bitterness green teas had at that time.
  • During this time, the process of steaming the tea leaves was gradually refined, allowing the production of better tasting, less bitter, green teas.
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  • One of the most famous of these tribute teas was dragon-phoenix ball tea, which was commonly grown and presented to the royal family. 
  • During the Ming Dynasty (1368-1644) the first emperor, Zhu Yanzhang, formally abolished the tradition and government control of giving tribute tea. 
  • A variety of famous green teas were developed during this time, including Tiger Hill, Tianchi, Yangxian, Liu'an, Longjing and Tianmu green teas.
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