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The Marprelate Tracts: UBS, the investment bank, recently described the current period as “the golden era of profitability.” Under Bush - and his congressional enablers - we continue to go backwards: in foreign relations, on civil liberties and in dollars and cents, both at home and with the all time largest Federal budget deficit. (via Cosmos)
Will Wilkinson / The Fly Bottle: In response, Chris Kofinis, communications director for WakeUpWalmart.com, an arm of the United Food and Commercial Workers Union that gives money to liberal research groups, said: “While we openly support the mission of economic justice, Wal-Mart and the Waltons put on a smiley face, hide the truth, all while supporting right-wing causes who are paid to defend Wal-Mart’s exploitative practices.” (via Cosmos)
The Next Left: Bending to pressure, Prime Minister Tony Blair announced today that he would leave office within the next 12 months, heralding the end of a remarkable three terms in office during which he has lifted the nation’s mood at home but plunged it into unwelcome wars in Afghanistan and Iraq.(NYT) (via Cosmos)
Syndicalist: recent economic changes “threaten the livelihoods of some workers and the profits of some firms,” Mr. Bernanke said, policy makers must try “to ensure that the benefits of global economic integration are sufficiently widely shared.” http://www.nytimes.com/2006/08/28/business/28wages.html?th=&adxnnl=1&emc=th&adxnnlx=1156770924-IVgMzfp3hr8DH+aSw0VqwA (via Cosmos)
Fallon Planning Blog: A NY Times article reports that the median hourly wage for American workers has declined 2 percent since 2003, after factoring in inflation. The drop has been especially notable, economists say, because productivity ”” the amount that an average worker produces in an hour and the basic wellspring of a nation’s living standards ”” has risen steadily over the same period. (via Cosmos)
A.M. Dagoski: Terrorist, freedom fighter, librarian: The ingredients used in manufacturing these explosives are extremely caustic and accidents will happen in any ring that's trying to make this stuff for the first time. I'm not saying that there aren't people crazy enough to try to make this stuff on a plane, just that sound law enforcement tactics would catch them and that a wholesale forfeiture of rights is not needed. (via Cosmos)
[Worldtradelaw.typepad.com] International Economic Law and Policy Blog: The latter provision, which incorporates the precautionary principle, allows WTO Members provisionally to adopt SPS measures that are not based a risk assessment ”˜when the relevant scientific evidence is insufficient’. The Panel noted that for each of the biotech products concerned the EC’s relevant scientific committee had evaluated the potential risks to human health and/or the environment before granting EC-wide approval.
[Newstandardnews.net] Corporate Globalization Articles: Topics: Corporate Globalization, Foreign Policy / International Relations, .As lofty and distant as the ongoing discussions of international trade rules .
[Globalization.about.com] Globalization: The original Al Jazeera changed the political landscape of the Middle East in ways no one anticipated. The channel spawned dozens of cross-border news competitors and loosened the information stranglehold of authoritarian governments across the region.
[LeftWord: The Best Liberal Blog Posts] Wage Wars: Over the last 25 years, this process has pushed Americans to put more and more of their investment eggs in their houses, because that was the one place that they felt they had some control. This process led them to push more and more of the tax burden on regressive taxes and property taxes, or distributing more and more "aid" to localties, which, since they could not generate economies of scale, had to pay higher and higher costs for services and education.
[Stephen Taylor - Conservative Party of Canada Pundit] The world according to the NDP: THEREFORE BE IT RESOLVED that the NDP supports the Right of Return for all refugees, an end to the Israeli settlements and Israeli occupation of Palestinian lands, a halt to the armed aggression, the bulldozing of homes, destruction of olive groves and farms, and the assassination of political leaders and activists by the Israeli state, and the NDP demands the removal of the barrier, still under construction across the West Bank; and
[The Intangible Economy] Bernanke on globalization: The annual Fed confab is underway at Jackson Hole, with this year's focus on the topic of globalization. To start off, Fed Chairman Ben Bernanke assumed his old role as professor and delivered a history lesson - Global Economic Integration: What's New and What's Not?.
[Peak Energy] MIT's "Manhattan Project" For Energy: Moving back to local politics, the Rodent suffered a major defeat in the Senate over his latest efforts to make Australia a refugee free zone, courtesy of one Liberal senator who decided to at like a liberal for a change and the lone Christian fundamentalist in the Senate making a principled stand - plus Barnaby "Barnyard" Joyce continuing to perform his enjoyable maverick act. Howard's plan seemingly being to forward all would be asylum seekers to the tiny Pacific nation of Nauru - which will probably be an interesting case of resource depletion in future years - acting as an offshore prison for Australia and replacing some of the income from their depleted guano mines.
[Economist's View] "Comparative Advantage, Comparative Advantage,... : The term, specialize, appears in the article by Freeman, but it is tied to notions of comparative advantage, which is a theory about how factors endowments determine what one specializes in. And, thus the central theme of Freeman is not specialization, but, rather, the relative "bargaining power" of capital and labor.
Reflected tags on Technorati: Blog, International Trade, EconWatch.com
