Friday, April 30, 2010

Why East Asia and Not Africa

East Asian tigers were bolstered through US policy as a buffer to contain Communism.

As Hung Ho-Fung writes:

As Communist China’s support for guerrillas and its involvement in the Korean and Vietnam wars had led the region into a permanent state of emergency, and Washington regarded East Asia as the most vulnerable link in its strategy for containing Communism. Considering its key Asian allies—Japan and the four Tigers—too important to fail, it provided them with abundant financial and military aid to jump-start and direct industrial growth, while also keeping American and European markets wide open to Asian manufactured goods. This access to Western markets constituted a further advantage that other developing countries did not enjoy, and without which it is unimaginable that the Asian economies would have had such success. Viewed in this light, the rapid economic growth of East Asia was far from a ‘miracle’.

East Asia is no longer important in this way and priorities have changed.

Washington needs doors open for US products and respect for the so-called intellectual property rights of US companies. Countries that do this will prosper as 'Head Servants'; countries that don't will face isolation. This is Japan's choice at the moment, and South Korea's when it comes to the outstanding issues in the free trade agreement on the table.

In another part of the world, the flip side to the same coin: Israel, which faces a political decision. The US no longer needs it - with the holdout Saddam dispensed - as a counterweight to Arab nationalism and will eventually demand an agreement to the Palestinian issue. This means the ultra-right forces in Israel will have to be tamed or dismantled.

Stereotypes are temporal. As Poland is a crucial hotspot of geo-political friction, the US is now pushing policies that will bolster it in much the same way previously mentioned countries have been over the last half century.

Wednesday, April 28, 2010

Will Tokyo Cave on Okinawa ?

The Japanese government indicated Friday that it would broadly accept a plan to relocate a U.S. Marine Corps base on Okinawa, a move that could ease months of discord between the two allies, U.S. and Japanese officials said.
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The meeting Friday followed a brief and blunt tete-a-tete between President Obama and Hatoyama on April 12 during the prime minister's visit to Washington for the Nuclear Security Summit. During the 10-minute encounter, Obama told Hatoyama that the two countries were "running out of time" and asked him whether he could be trusted. Japanese officials were so taken aback by the toughness of Obama's tone that they did not draw up a written record of the words exchanged between the two leaders, sources said. 1

Submission to Washington in the face of widespread domestic opposition, will leave Japan with a humiliated and discredited political class. Japan - like South Korea - is a country with little leverage against the U.S. now that the Cold War has ended. The U.S no longer has to unconditionally open its markets, and is quite capable of damaging national champions like Toyota to enforce diplomatic leverage.

1'Japan moves to settle dispute with U.S. over Okinawa base relocation" ; Washington Post; Pomfret

Tuesday, April 27, 2010

Was Your Mom Ever A Prostitute ?

Haven't had this at a job interview before.

Miami Dolphins general manager Jeff Ireland apologized Tuesday to former Oklahoma State wide receiver Dez Bryant for asking in a pre-draft interview whether his mother was ever a prostitute.

Bosses in this country really, really need to get put in their place. No way would this Ireland guy have apologized if he hadn't been caught. And the way football draftees are measured up in the media, and by the NFL, like a hunk of meat is reminiscent of some very ugly history. I wonder if master Goodell will be weighing in with his pompous 'personal conduct' code in this matter; I doubt it.

1'Dolphins GM apologizes for asking player if mom was a prostitute'- Yahoo Sports; Chris Chase

Monday, April 26, 2010

Immigration 'Reformers' Propose Biometric Social Security Cards

Lindsay Graham and Charles Schumer have proposed biometric social security cards as a condition of immigration reform legislation going through the U.S. Senate:

We would require all U.S. citizens and legal immigrants who want jobs to obtain a high-tech, fraud-proof Social Security card. Each card's unique biometric identifier would be stored only on the card; no government database would house everyone's information. The cards would not contain any private information, medical information or tracking devices. The card would be a high-tech version of the Social Security card that citizens already have.

The scope of these cards can and will, looking at history, be expanded to include every aspect of a person's personal profile. One example, the current quest to digitalize the health records of every American. Throw in political registration, job history, travel history, and anything else that could be used to create a profile of risk (to the state).

Governments of highly unequal societies instictively need to control every aspect of their population's behavior.

-Knowing that we know everything about you is the best way to control you.-

1"The right way to mend immigration" - By Charles E. Schumer and Lindsey O. Graham; Washington Post

Why Greece Was Brought Into Eurozone

Despite a perennially weak economy, and geographic isolation, Greece was brought into the Eurozone in 2001 as the first non-core member.



Germany and France may be stomping their feet now, but it was their idea all along. Greece as a full member of Europe blocks potential Turkish influence in the Balkans. The Ottoman Empire - Turkey - held sway in the Balkans for many centuries and certainly that potential exists going into the future. Turkey is already the world's 17th largest economy in a region of economic basket cases, and their influence is going to increase greatly over the next few decades.

Sunday, April 25, 2010

Print Baby, Print

The Fed will return about $45 billion to the U.S. Treasury for 2009, according to calculations by The Washington Post based on public documents. That reflects the highest earnings in the 96-year history of the central bank.....The numbers are good news for the federal budget and a sign that the Fed has been successful, at least so far, in protecting taxpayers as it intervenes in the economy -- though there remains a risk of significant losses in the future if the Fed sells some of its investments or loses money on its stakes in bailed-out firms.

There's no chance of that, because 'we' can simply print more money , right ?

And everyone can and should get $100,000 electronically deposited in their bank account because this means we will all be much wealthier. I'm waiting.
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(100 K * 150 million adults is ...15 trillion, I believe. (An inconsequential amount if one listens to some economists.)

'Rebellious Mood Takes Root in Rural Thailand '

Six weeks of demonstrations by red-shirted protesters turned violent this week in Bangkok, but the capital is not the only place with a whiff of insurrection in the air.

It appears the situation has gone beyond the factionalism of Thaskin and Abhisit, which is predictable when working class people discover their power. Convoys of military reinforcements from the countryside have been blocked from entering Bangkok. And dissent in the military , which is made up mostly of working class people, is evident.

Again, no way to know how this turns out. But the downtrodden of society are gaining the confidence that comes with collective power.
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The roots of this actually date back to the Asian financial crisis, which stripped the traditional Royalist-oriented elite of their veil of invincibility. This allowed the emergence of Thaskin, who brought in international capital - particularly Chinese capital.

The political fallout from economic crises takes a long time to unfold, and I expect that to be the case in the United States as well.

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1'Rebellious Mood Takes Root in Rural Thailand ' - New York Times; Fuller

Immigration Protests in Arizona

Brief TV footage of some of protests in Phoenix regarding the new immigration law there. A cop gets hit in the head with a water bottle while escorting an idiot with a flag tied around his head. Really not a good idea to throw stuff at a cop. If you're a young person and get charged with a felony your life is pretty much ruined. No financial aid, for one thing. And the national database of arrests is becoming more complete, which means you'll probably be barred from any sort of teaching or public sector job as well.

Protests of this sort, including student walkouts of high schools, have been extremely rare in this area of the country. But the law is draconian, and a lot of people are going to react against that: "It's going to change our lives," said (a 13-year-old American citizen) from Phoenix. "We can't walk to school any more. We can't be in the streets anymore without the pigs thinking we're illegal immigrants."

Phoenix is one of the worst hit areas in the country when it comes to the housing meltdown and foreclosure crisis.
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The folks who I've heard in day-to-day life blast illegal immigration the most, are legal immigrants. This may be a case of differentiation - i.e. 'see, I'm not like them'. I remember that almost none of the Chinese-managed stores in the Mission and other San Francisco neighborhoods shut during the Bush-era immigration protests, while almost all the Mexican and Central American-managed ones did.

The scope of 'immigrant rights' is pretty wide, most wealthy business people favor a form of immigrant rights; the reason to oppose these specific laws in Arizona is because they are an attack on working people.

The Okinawa 'Problem'

I don't see how this gets resolved in a way that pleases US imperialism and its Japanese head servants.

Nearly 100,000 demonstrators attended a rally on Okinawa Sunday to demonstrate against a US air base in a row that is dominating Japan's national politics and souring its ties with Washington.1

Thursday, April 22, 2010

The Smell of Trade War in the Morning

"U.S. legislation aimed at stopping China from "manipulating" its currency by imposing duties on Chinese products would get overwhelming support in the U.S. Senate, co-author Senator Lindsey Graham said on Thursday.

"We'd get 80 or 90 votes if we could ever get this sucker to the floor," the South Carolina Republican lawmaker told a U.S. Senate Banking Subcommittee on Economic Policy hearing.

Obama promised to double exports in 5 years not too long ago (10% growth a year).
But he doesn't realize that U.S. exports have already doubled ! Between QIV 1995 to QIV 2009, in other words - over the last 14 years.

Stratfor and others have noted that severe dislocations will occur in world geopolitics if the US is forced or forces itself into the role of an export-oriented country.

Derek Scissors, a China economist at the Heritage Foundation told the Senate Banking subcomittee pressing for a yuan appreciation "is not going to accomplish much of anything" when Beijing could offset a stronger currency with a range of subsidies to state-owned firms that dominate China's economy.

"We'd be much better off skipping over renminbi revaluation and going to what really matters, which is state domination of the economy in China and the budget deficit in the U.S.," he said.


Good luck 'convincing' the PRC to end state domination of their banking sector after watching the Western view of capital allocation drown in its own recklessness.

But the US ruling class is reckless about everything, and this bodes badly for China - holder of large sums of intrinsically worthless electronic paper - in the long run. That paper is a domestic problem, not an economic one, because the average person in China realizes it was money drained from the consumer for the benefit of export cartels.

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One last taste:

(Michigan Democrat Sander) Levin, whose committee has jurisdiction over trade legislation, said he believed China's currency was "clearly undervalued," and has been used by Beijing as "a major tool for them to get an advantage economically over us."

I would only ask, in the end, who is the 'us' Mr. Levin in talking about ?

Monday, April 19, 2010

Americans Don't Trust Their Government

Only 22% of all Americans surveyed said they trusted the government in Washington almost always or most of the time -- among the lowest measures in half a century -- according to a Pew Research Center survey released Sunday night.1

Well, duh.

Alienation will be a reoccurring and deepening trend in American life. The working class population is splintered into an ugly and confused state of sectarian identity politics which basically leads nowhere on a collective basis. This country is a remarkably unpleasant place to live in given its generally high level of wealth as compared with most of the world.
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It's interesting that in 1958, 73 % of American said they trusted the government. We will never get to those levels again.

Texas Town 'Revives' Paddling

TEMPLE, TEX. -- In an era when students talk back to teachers, skip class and wear ever-more-risque clothing to school, one central Texas city has hit upon a deceptively simple solution: Bring back the paddle. 1

Having mostly grown up in the small town South, my middle and elementary schools had paddling. We could hear students 'getting it' out in the hall a few times, and the principal at one of my schools was rumored to have quite the paddle rack in his inner office. These were public schools, and not too long ago.

It is not nearly as traumatic on kids as some would make it seem. And it's normal in most of the world. But from an adult point of view, the whole thing seems a little creepy.