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G20: The United States and Neo-mercantilism
Here comes the travail of crisis. The more they talk about coordination, the more it becomes necessary to concentrate on the conflicts revealed by the very talk of coordination. The G20 finance ministers’ meeting, held in South Korea on Friday, has already been mortgaged by the case opened by US Treasury Secretary Timothy Geithner regarding […]
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The Paradox of Capitalism
John Maynard Keynes, though bourgeois in his outlook, was a remarkably insightful economist, whose book Economic Consequences of the Peace was copiously quoted by Lenin at the Second Congress of the Communist International to argue that conditions had ripened for the world revolution. But even Keynes’ insights could not fully comprehend the paradox that is […]
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Rally to End Two-Tier Wages: Auto Workers Protest UAW
“Two hundred auto workers picketed October 16 outside the locked gates of their union’s headquarters in Detroit, protesting an agreement to let General Motors pay half wages at a suburban assembly plant. The ‘Tier 2’ workers, who make up 40 percent of employees at the plant, will make roughly $14.50. They’ll be working alongside Tier […]
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Playing the Currency Blame Game
The slanging match over currency and monetary policies at the annual Fund-Bank meetings, held over the second weekend of October, points to the disarray in global economic governance. While the US sought to mobilise IMF support for an effort to realign exchange rates and ensure an appreciation of the renminbi in the wake of China’s […]
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The Myth of Expansionary Fiscal Austerity
Introduction Recently governments, economists, and international financial institutions have been debating the merits of further fiscal stimulus to combat the Great Recession versus fiscal austerity or “adjustment” — that is, higher taxes and/or lower government spending — to combat budget deficits. Some supporters of austerity have gone as far as arguing that fiscal adjustment could […]
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For Colored Boys Who Speak Softly
For colored boys I will crucify myself like Christ let my blood purify and sanctify these words create a doctrine and go knocking door to door letting the people know that messiahs are here that we are messengers even though we embody the word queer that we are a reminder of how colonization has […]
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Continued Threat of Deflation
The Consumer Price Index rose 0.1 percent in September as consumer energy price inflation slowed to 0.7 percent after gains of 2.6 and 2.3 percent in July and August. Overall prices have grown at a 2.7 percent annualized rate over the last three months. The core CPI remained unchanged over the month and has now […]
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Brazil Should Lead on Access to Essential Medicines
By the greater use of compulsory licenses, Brazil could lower drug costs not only in Brazil, but in developing countries overall. At a time when the New York Times is reporting that “the global battle against AIDS is falling apart for lack of money,” it is absolutely essential that the price of lifesaving medicines in […]
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Iran’s “Soft Power” Increasingly Checks U.S. Power
October 13, 2010 Twenty years ago, Harvard’s Joseph Nye famously coined the term “soft power” to describe what he saw as an increasingly important factor in international politics — the capacity of “getting others to want what you want,” which he contrasted with the ability to coerce others through the exercise of “hard” military and/or […]
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Unmanned Aerial Vehicle
Who was on the aircraft firing the missile? Nobody. Who got killed? A nobody. Eneko Las Heras, born in Caracas in 1963, is a cartoonist based in Spain. This cartoon was first published on his blog . . . Y sin embargo se mueve on 11 October 2010. Translation by Yoshie Furuhashi (@yoshiefuruhashi | yoshie.furuhashi […]
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What Does Wage-led Growth Mean in Developing Countries with Large Informal Employment?
The past decade has been one in which export-led economic strategies have come to be seen as the most successful, driven by the apparent success of two countries in particular — China and Germany. In fact, the export-driven model of growth has much wider prevalence as it was adopted by almost all developing countries. This […]
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Fareeda
Laal dedicates this song to the diversity, plurality, and all the colours of Islam. “When the Taliban attacked the shrines of Rahman Baba, Data Sahib, and Abdullah Ghazi Shah, slaughtering hundreds who had gathered for alms or to pray, Laal felt obligated to not only defend the progressive aspects of sufi thought but to discover […]
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Riding Capitalism to the Bottom: Why Republicans Gain as the Economy Falters
Overlooked in the recent rise of the Tea Party and the Republican Right is the way these groups have learned how to grow and thrive on the failures of capitalism. The Democrats, in contrast, remain tied to its successes. With capitalism performing particularly poorly at present, it is no wonder that the Right is […]
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The Death Penalty, Mumia Abu-Jamal, and the European Parliament
What does the USA have in common with China, Iran, Iraq, Saudi Arabia, and North Korea? You would hardly guess, but the European Parliament stated loud and all too clear on October 2nd: those are the countries which put lots of people to death. In a long, detailed resolution, approved almost unanimously by 574 members […]
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On the Allahabad High Court Verdict
There are three obvious problems with the Allahabad High Court judgment on the Babri Masjid issue. Each of them in isolation is potentially damaging for the Constitutional fabric of the country; together they can cause irreparable harm. The first is the obliteration of the distinction between “fact” and “faith”, which represents a serious retrogression to […]
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Beijing’s Europe
The European tour of Wen Jiabao is taking place while the conflict between the US and China over the yuan/dollar exchange rate is getting worse. At the same time, a similar if less noisy clash exists between China and the Eurozone countries. Last but not least, tensions have also arisen in the Sino-Japanese relations following […]
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The Palestine Question and the U.S. Public Sphere
The 2010 Edward Said Memorial Lecture, the Palestine Center, Washington, DC, 7 October 2010 Thank you all for coming today, and, to those of you who are watching, thank you for viewing this talk. Those of you who live in Washington, who are subjected to the American media, will probably be relieved to hear […]
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A Note on the Current Political Situation: Some Issues and a Conclusion
The opening section of this note dealing with the most important issue in the current political situation—’the Maoist’ or the Naxal issue—sets the context for the argument that follows, which deals with issues involved in understanding and acting in this situation. I reproduce some key passages, marginally modified and compressed in one case, from my 2008 T. Nagi Reddy Memorial Lecture—now available as Indian Politics Today published by Aakar Books, New Delhi—touching upon these issues; a little reason and ability to interconnect is all that is needed to recognise the issue involved. I conclude with a brief summing up of the argument.
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Invisible Indians in Incredible India
There’s no doubt about it, this is incredible India all right. Where else in the world would you get Judges of a High Court treating a deity as litigant in a legal case? And then, because the said deity, otherwise referred to as Ram Lalla in the judgement, is to be treated as a minor […]
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Iran and Honduras in the Propaganda System: Part 1, Neda Agha-Soltan versus Isis Obed Murillo
It would be hard to find a better test of the integrity of the establishment U.S. media than in their comparative treatment of Iran and Honduras over the past couple of years (2009-2010). Iran has been on the United States’ regime-change hit list for many years. Since the first-half of 2003 (and overlapping its soon-to-be-discredited […]