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Monday, October 31, 2011

Capitalism - interview with Milton Friedman by Phil Donohue

A 31 year old video clip ABSOLUTELY worth your time

(download)
 
 Pretty interesting clip…even though it is 30 years old, the content is
“timeless”
 
 
If you don't think we have been going aroud on the same argument for years this
will put it into perspective.  Leave it to an economist to clear things up.
 
Wow! Talk about a clear cut look at the way the world operates.
This is Phil Donahue interviewing Milton Friedman thirty years ago.
The audience is notably silent.

US Cuts Funds to UNESCO After Palestinian Vote from VOA News: Top Stories by Suzanne Presto

US Cuts Funds to UNESCO After Palestinian Vote

from VOA News: Top Stories

Bridging the gap in the Gulf from Stephen M. Walt

Bridging the gap in the Gulf

from Stephen M. Walt

Raising Cain: When is a Scoop Ready to be Published?

Raising Cain: When is a Scoop Ready to be Published?

UNESCO and Palestine

http://humanprovince.wordpress.com/2011/10/31/unesco-palestine/

UNESCO and Palestine

So the votes are in, and UNESCO has voted to accept Palestine as a full member. I have procured the full voting results, which to my knowledge, have not been made public yet. There were 14 “no” votes, 52 abstentions and 107 “yes” votes (there were also 20 21 Member States absent):

The economics of polarization By Spengler

The economics of polarization
By Spengler

Reprise: The Causes of the Financial Crisis and the Obsessive Folly of Greed

Reprise: The Causes of the Financial Crisis and the Obsessive Folly of Greed

Obama's Wheel and Deal

Obama's Wheel and Deal

Ten Reasons Why Russia Still Matters

Ten Reasons Why Russia Still Matters

Graham Allison and Robert D. Blackwill state, "...Russia matters a great deal to a U.S. government seeking to defend and advance its national interests."

Understanding Sharia: From Caliphate to Current Day (Audio)

Understanding Sharia: From Caliphate to Current Day (Audio)

Raj Bhala, associate dean for international and comparative law and Rice distinguished professor at University of Kansas School of Law, discusses “Understanding Sharia: From Caliphate to Current Day," as part of CFR's Religion and Foreign Policy Conference Call series.
Learn more about CFR's Religion and Foreign Policy Initiative.

Commentary: New world order? by Arnaud De Borchgrave

Commentary: New world order? by Arnaud De Borchgrave Washington (UPI) Oct 31, 2011

Attack Exposes NATO Weakness

Attack Exposes NATO Weakness

A deadly suicide attack on a NATO convoy in Kabul at the weekend underscored a key vulnerability in the alliance’s practices. A vehicle filled with explosives rammed a heavily-armored transport traveling along a predictable route. Seventeen NATO soldiers and civilians died in the blast. The targeted vehicle was of a design known as a ‘Rhino.’ Custom-built by Labock Technologies in Florida, the Rhino is specifically designed to protect its occupants from bomb blasts. Weighing up to 13 tons, the Rhino comes in various configurations seating up to 36 people. Its sloped hull and sophisticated armor protect it from all but the most powerful explosives. The US military and its allies have used Rhinos for years. During the height of the Iraq war, Rhinos transported civilian and military personnel between bases in Baghdad – almost always under the cover of darkness and with helicopters and armored vehicles as escorts. Insurgents attacked Rhinos in ... Read More...

Cheap Oil Isn't Coming Back

Cheap Oil Isn't Coming Back

Japan will keep buying EU bailout bonds: Regling

Japan will keep buying EU bailout bonds: Regling

US plans to bolster military presence in Gulf: report

US plans to bolster military presence in Gulf: report
Washington (AFP) Oct 30, 2011


The United States plans to bolster its military presence in the Gulf after the withdrawal of its troops from Iraq announced by President Barack Obama, The New York Times reported late Sunday.

China warns it cannot 'cure' eurozone's debt crisis

China warns it cannot 'cure' eurozone's debt crisis

China has stressed it will not be a "saviour" to Europe as President Hu Jintao embarks on an official visit to the continent that will take in this Thursday's crucial G20 summit in Cannes.

Slow Recovery Feels Like Recession

Slow Recovery Feels Like Recession

Tomgram: Engelhardt, Wall Street by the Book

Tomgram: Engelhardt, Wall Street by the Book

Why America is embracing protest By Edward Luce

Why America is embracing protest

Full Text: European Union letter to the G20 on the Euro crisis

Full Text: European Union letter to the G20 on the Euro crisis



Highlighted in bold are sections of particular note not highlighted in the original text.

Joint letter by President Van Rompuy and President Barroso to the G20 leaders

Europe’s Economy is Falling Apart

Europe’s Economy is Falling Apart

America's 'Oh Sh*T!' Moment

America's 'Oh Sh*T!' Moment

America's Unsavory Allies By: URI FRIEDMAN | Foreign Policy

America's Unsavory Allies
By: URI FRIEDMAN | Foreign Policy

Big Oils Bigger Brothers The Economist

Big Oils Bigger Brothers
The Economist

The Kremlin's China Problem By: Alexei Bayer | The Moscow Times

The Kremlin's China Problem
By: Alexei Bayer | The Moscow Times

What Saves the Euro Will Kill the Union By: Wolfgang Münchau | Financial Times

What Saves the Euro Will Kill the Union
By: Wolfgang Münchau | Financial Times

Iran Praises Iraq as U.S. Withdrawal Nears

Iran Praises Iraq as U.S. Withdrawal Nears

By: Ramin Mostaghim and Patrick J. McDonnell | Los Angeles Times
Ayatollah Ali Khamenei says the pullout will constitute 'golden pages' in Iraq's history and credits the Iraqi people's 'unified resistance' for leading to the planned U.S. exit.

41pounds.org Reports Five Years of Progress to Stop Junk Mail

41pounds.org Reports Five Years of Progress to Stop Junk Mail more info...

With a 41pounds.org gift certificate, you can stop the junk mail and unwanted catalogs for your friends and family -- and keep their holiday spirits bright. (PRNewsFoto/41pounds.org)

Oct 31, 2011 04:00 ET
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41pounds.org Reports Five Years of Progress to Stop Junk Mail

The seven billionth baby: Malthus has not lost the argument yet

The seven billionth baby: Malthus has not lost the argument yet Economics is competing with Thomas Malthus as the world’s seventh billion inhabitant is born. Global population has grown from 2.5bn to 7bn just in my lifetime, so there is plenty to alarm doomsayers. But this landmark arrives at a very different cultural moment to the six billionth baby, twelve years ago.
http://link.ft.com/r/XYEWFF/ORLII0/3O62UJ/JEQTSP/MSPDG7/PJ/h?a1=2011&a2=10&a3=31

OECD urges co-ordination to avoid recession

OECD urges co-ordination to avoid recession Another recession looms for European economies as the eurozone sovereign debt crisis hits confidence, the Organisation for Economic Co-operation and Development warned on Monday, urging countries to adopt a co-ordinated strategy to boost growth.

Slashing its growth forecasts in the week of the Group of 20 summit, the OECD said the grim outlook could be improved if G20 countries adopted a bold plan “to restore confidence through decisive actions in specific countries and regions”.
http://link.ft.com/r/QM42II/WT0NUJ/UUPHQX/GDYUD6/ZGVUE0/36/h?a1=2011&a2=10&a3=31

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Review: Apple, By the Book

Review: Apple, By the Book
by Brian Bergstein
The new biography of Steve Jobs offers insights about Apple's future direction.
Read More »

Japan intervenes to halt yen’s rise against dollar

Japan intervenes to halt yen’s rise against dollar Japan’s Ministry of Finance intervened in the currency market for the first time since August to weaken the yen, sending the currency down as much as 5.1 per cent against the US dollar.

Jun Azumi, finance minister, confirmed that the Bank of Japan was acting on the MoF’s orders to halt the yen’s “speculative” rise, after the currency touched 75.35, a new postwar high, earlier in the day. The action had an immediate effect, sending the yen down to 79.49.

http://link.ft.com/r/KC2844/QNHQ6X/18GC39/KQ9HJF/IIR4YD/1G/h?a1=2011&a2=10&a3=30

Sunday, October 30, 2011

China’s Big Space Step

China’s Big Space Step

China’s fast developing space programme is set to take another significant step forward next month with the launch of a craft that will undertake the country’s first space docking with a space lab module that was launched in September. Shenzhou-8 and its carrier rocket were reportedly transferred Wednesday morning on a railway to the launch pad. ‘Technicians completed testing on the assembling of Shenzhou-8 and the rocket after they were delivered to the launch centre at the end of August, said Lu Jinrong, the launch centre’s chief engineer,’ the official Xinhua News Agency reported. ‘In the next few days, the launch centre will continue testing the spacecraft and the rocket, and inject propellant before the final launch in early November, Lu said.’ How significant is this? ‘The Shenzhou 8 unmanned mission to dock with Tiangong-1 is part of step two of their long ago announced plans for human spaceflight,’ Joan Johnson-Freese, a professor ... Read More...
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China’s Misunderstood Spies

China’s Misunderstood Spies

This month, Moscow publicly announced its federal security service had detained a Chinese spy, Tong Shengyong, who the Russians say they caught attempting to purchase documentation for the S-300 surface-to-air missile. The case has puzzled observers, because Beijing had already purchased the S-300 system several years ago, and started fielding its own knock-off. Speculation has abounded over why the Chinese intelligence services would waste their time stealing details of a system they already possessed. The mechanics of Tong’s case are less important, however, than what it says about Chinese intelligence services and their operations – or at least foreign perceptions of that threat. Most analysts believe the Chinese intelligence threat is largely amorphous, a vast human network vacuuming up many bits of information. China’s seemingly unique approach to intelligence is known by various names, including ‘human wave,’ ‘mosaic,’ or the ‘thousand grains of sand’ approaches to intelligence. Ultimately, it’s a view of ... Read More...

7 Sectors Most Likely To Gain Jobs By 2015 from EconMatters by EconForecast

7 Sectors Most Likely To Gain Jobs By 2015

from EconMatters

Take Note America: The Public is Angry

Take Note America: The Public is Angry

Photo of Moises NaimAmerican protestors are motivated by the belief that social mobility in the United States has stalled or even reversed, resulting in growing intolerance toward the extremely wealthy.

7 Sectors Most Likely To Gain Jobs By 2015 from zero hedge by EconMatters

7 Sectors Most Likely To Gain Jobs By 2015

from zero hedge

KAHLILI: Iran already has nuclear weapons Western intelligence has known it for years

KAHLILI: Iran already has nuclear weapons

Western intelligence has known it for years

Hackers Targeted U.S. Government Satellites


Hackers Targeted U.S. Government Satellites

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Israeli prisoner swap may be prelude to attack on Iran

Israeli prisoner swap may be prelude to attack on Iran

ANALYSIS:
JERUSALEM — Prime Minister Benjamin Netanyahu’s decision to execute a 1,000-for-1 prisoner exchange last week despite his frequently voiced opposition to such lopsided deals is seen by several Israeli military commentators as an effort to “clear the deck” before possibly undertaking an attack on Iran’s nuclear facilities.

 

Report: US Plans Post-Iraq Buildup in Gulf

Report: US Plans Post-Iraq Buildup in Gulf

Oil’s new world order

Oil’s new world order

Daniel Yergin, Washington Post
The outline of a new world oil map is emerging, and it is centered not on the Middle East but on the Western Hemisphere. The new energy axis runs from Alberta, Canada, down through North Dakota and South Texas, past a major new discovery off the coast of French Guyana to huge offshore oil deposits found near Brazil.

U.S.-China Trade War Closer Than Ever

U.S.-China Trade War Closer Than Ever


The US Senate recently voted three consecutive times on a bill designed to take punitive action against China over its alleged ‘under-valued’ currency. The votes are an unsettling reminder of the angst lurking below the surface of a country burdened by huge unemployment. And now, with the US trying to revive its manufacturing sector, the shadow of a trade war between China and the US looms ever larger.

China’s Underground Great Wall

China’s Underground Great Wall

By James M. Acton

Some analysts suggest China’s vast network of underground tunnels is evidence it is undertaking a massive build-up of its nuclear arsenal. Actually, China has reason to worry about the US.

Czech PM Considers Referendum to Halt Joining EU

Czech PM Considers Referendum to Halt Joining EU

The Czech Republic is having second thoughts about joining the EU, and rightfully so. The EU Observer reports Czech PM mulls euro referendum

Americans: Awash In Spin from Foreign Policy Journal by Paul Craig Roberts

Americans: Awash In Spin

from Foreign Policy Journal

Does Kim Need to Keep His Nukes to Avoid Gaddafi's Fate?

Does Kim Need to Keep His Nukes to Avoid Gaddafi's Fate?

North Korea believes that by giving up its nuclear arms, Libya fatally compromised its national security.