Dear Mr. Stewart, Remember your “Rally to Restore Sanity” in DC last October? I’m sorry, but my sanity remains unrestored. In fact, I’ve been feeling increasingly deranged. It’s like I’m speeding down Life’s superhighway at 666 miles per hour, headed for Nut City, where I am due to give my inaugural speech as Mayor. At […]
Geography Archives: Asia
Countries in the continent of Asia
Unquiet on the Western Front
On December 5th one or two hundred people left a movie theater in Berlin, mostly silent and deeply moved though the film they had seen was first released in 1930. This American-made epic had lost none of its extremely emotional appeal. It was All Quiet on the Western Front and the date of its showing […]
Korea: Still an Unknown War
Bruce Cumings. The Korean War: A History. New York: Modern Library, 2010. Cloth, $24.00, pp 288. Any time that a book appears by Bruce Cumings, one of our foremost scholars on Korea, it merits attention. His latest book, The Korean War, is particularly welcome given the recent sharp increase in tensions on the Korean Peninsula. […]
A Letter from Tel Aviv: The Right in Israel Is Playing with Fire
I am in Tel Aviv. 70 km away from the fires, I cannot even see the smoke cloud above the Haifa area, which is moving into the sea and may reach Cyprus before it comes to me. The pictures on my plasma TV are, however, very saddening. You see tens of thousands evacuated from […]
WikiLeaks, Iran, and the US’s Arab Allies: What the Corporate Media Are Not Saying
The corporate media are reliable and consistent. They consistently focus on the sensational, and they reliably take the position of the US government. So, it should come as no surprise that the recent release of US diplomatic cables by WikiLeaks is being covered with much sound and fury, signifying little. On the sensational and gossip-mongering […]
Cancun Climate Conference: Some Key Issues
A year after the chaotic Copenhagen summit, the 2010 UNFCCC climate conference begins in Cancun. Expectations are low this time around, especially compared to the eve of Copenhagen. That’s probably both good and bad. The conference last year had been so hyped up beforehand, with so much hopes linked to it, that the lack of […]
If China Wants to Pay for Our Vacations, Should We Let Them?
Trade disputes with China have been heating up lately, but there really is no reason for the hostility. Essentially the dispute boils down to the fact that China wants to subsidize the consumption of people in the United States and elsewhere, by propping up the value of the dollar. This is raising objections from the […]
New York Times Oversells WikiLeaks/Iranian Missiles Story
WikiLeaks document dumps are largely what media want to make of them. There’s one conventional response, which goes something like this: “There’s nothing new here, but WikiLeaks is dangerous!” But there’s another option: “There’s nothing here, except for the part that confirms a storyline we’ve been pushing.” In those cases, WikiLeaks is deemed very, very […]
Nehru on Kashmir
New Delhi, India, Nov. 27 — My reaction to today’s court order directing the Delhi Police to file an FIR against me for waging war against the state: Perhaps they should posthumously file a charge against Jawaharlal Nehru too. Here’s what he said about Kashmir: Indian Pledges 1. In his telegram to the Prime Minister […]
Currency War and US Imperialism: Interview with Samir Amin
There has been much publicity about the so-called “currency war” arising from the discussions at the recent G20 meeting. Can you explain what is meant by currency war? The discourse, the rhetoric, on the currency war is very superficial and even misleading. As everybody knows, what is being said is that the Chinese yuan is […]
Squeezing Iran: The European Connection
Negotiations on Iran’s nuclear program are due to start again shortly, and once again the European Union is called upon as a “mediator.” This is no minor challenge. With Iran insisting on discussing Israel’s nuclear capacity and the United States preparing a tougher uranium swap agreement, a deal seems as far away as ever. Nevertheless, […]
Noam Chomsky on Hopes and Prospects for Activism: “We Can Achieve a Lot”
Acclaimed philosopher and activist Noam Chomsky is Institute Professor Emeritus of Linguistics at the Massachusetts Institute of Technology. He shared his perspectives on international affairs, economics, and other themes in an interview conducted at his office in Boston on September 14, 2010. Keane Bhatt: Your new book Hopes and Prospects begins with the story of […]
Haircuts: Estimating Investor Losses in Sovereign Debt Restructurings, 1998-2005
Table 14 summarizes the main technical characteristics of the debt restructurings studied in this paper: the size of the exchange, the participation rate, the numbers of instruments tendered and new instruments issued, the options available to investors, etc. Table 15 contains the main results, both in terms of the level and dispersion of NPV […]
China’s Export Conundrum
In 2009, the European Union, United States and Mexico filed a complaint with the World Trade Organisation (WTO) against China’s export restrictions on certain raw materials, including bauxite, coke, fluorspar, silicon carbide and zinc. They said that, firstly, these constraints — in the form of export taxes, quotas, licences and so on — caused […]
A Goldfish with Glasses
He must think workers are stupid. How else can anyone explain it? He says, if UAW members lower the automakers’ fixed costs by cutting wages and benefits and trimming work rules to the bone — as in less break time and a jack-of-all-trades paradigm — it will help the union organize. It’s crazy. It’s straight […]
The Value of Money
Paul Jay: On November 7, the president of the World Bank, Robert Zoellick, issued a statement calling for the reintroduction of some form of gold standard to establish the value of money. Why now? . . . Is Robert Zoellick’s proposal grasping at straws? Jane D’Arista: Well, what you’re saying is quite right. The […]
What the Republican Victory Means for US Foreign Policy
Paul Jay: Certainly President Obama had more support for the war in Afghanistan from the Republican Party than he ever did from within his own party. But might this mean increased pressure for a more aggressive stance towards Iran? . . . What’s your take? How do you think this election might affect US foreign […]
Can We Afford Cost-Saving Efficiency?
So there are no technological fixes [to the environmental problem caused by increasing consumption] in sight? I’ve gone on from the basic footprint concept to demonstrate a couple of other interesting spin-offs. The assumption seems to be, in the mainstream, that improved technology, improved material and energy efficiency will help to solve this problem. […]
From Field to Fork: Obama’s Agri Recipe for India
The government of the USA has planned for India to become an important consumer of its agricultural exports and crop science. India has also been planned as a host country for an agricultural research agenda directed by American crop-seed biotech corporations. This is to be achieved through a variety of programmes in India, some of […]
G-20 Barking Up the Wrong Tree
If the G-20 is going to be nothing more than a talking shop on economic issues, they ought to at least talk about the economic problems that really matter, and the ones that they can do something about. Not that currency values don’t matter — they are actually very important. And it is interesting to […]
