THEROSSBLOG
2012-01-27 |
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Other Books




Godblogs
On Religion from Sam Harris to Bede Griffiths Preprint,
2009

SAP NetWeaver BI Accelerator
SAP Press Essentials 42 Galileo Press, 2009

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Buy My New Book Now


J. Andrew Ross
I am a freelance writer and philosopher based in Germany.
I am British. I was born in 1949 and grew up in southern England.
I hold four degrees in philosophy, three from
Oxford and one from
London.
I wrote theses on
probability theory, arithmetic and set
theory, and formal semantic theory.
From 1976 to 1987, I worked as a tutor in Oxford,
as a civil servant in London, as a teacher
of English in Japan, and as a teacher of mathematics and physics in London.
From 1987 to 1998, I worked as a physics and computer science editor at the
academic publisher
Springer in
Heidelberg, Germany.
From 1999 to November 2009, I worked as a developer in the global
software company SAP
in Walldorf, Germany.
In 2010, I wrote my Globorg manifesto G.O.D.
Is Great.
In 2011, I wrote my autobiography
PHILOSOPHER.
In 2012, I published it ...
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BLOG 2012 |

Daily Mail London
welcomes visitors to the 2012 Olympics |
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Tim Maudlin says Stephen
Hawking doesn't know what he's talking about
Shai Agassi rolls out
electric cars in Israel
Triumph Daytona 955i 2004 singing its heart out (YouTube, 4:35)
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2012 January 27
Religion for Atheists
The Guardian
Alain de Botton's father Gilbert was born in Egypt
and became a
multimillionaire banker: "My dad was a slightly
stricter version of Richard Dawkins. The worldview was that there are idiots
out there who believe in Santa Claus and fairies and magic and elves and
we're not joining that nonsense."
After heading Rothschild
Bank, Gilbert established Global Asset Management in 1983 with £1 million
and sold it in 1999 for £420 million. Alain says he was an extreme atheist:
"I think it was a generational thing." And yet Gilbert now lies beneath a
Hebrew headstone in a Jewish cemetery in London.
In 2008, Alain
established the School of Life in Bloomsbury with books on the ground floor
and a salon where he teaches "ideas to live by". He says society can't get
to where he wants it to go without plundering religion. Politicians haven't
got the buttons, but religions have, and know how to use them.
Alain
De Botton was born in Zurich and schooled in England. After a double first
in history at Cambridge, he did a master's in philosophy at London and began
a PhD but gave up: "I had a long night of the soul."
AR Alain, 42, has earned several million from
his popular philosophy books.
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USS Gerald R. Ford
Pentagon Cuts
Financial Times
The Pentagon will cut $485 billion
from its planned spending over the next decade but will maintain all its 11
aircraft carriers and will continue to invest in the F-35 program. JCS
chairman General Martin Dempsey: "We are retaining our full spectrum
capability."
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Dassault Rafale The Royal Navy may buy French fighter jets
for its new aircraft carrier. The UK government is concerned
about escalating costs and delays in the American JSF/ F-35 program and
may invest in an interim capability such as the F-18 Super
Hornet or the French Dassault Rafale.

Harper's Bazaar New Yorker Vera
Wang, 62, has a new home in Beverly Hills, pictured in the
U.S. edition of Harper's Bazaar: "I am not the sort of
woman who would wear high heels with a bathing suit. Let's
get that straight right now."
The Power of Introverts
Scientific American
Introverts prefer quiet environments, while extroverts need higher
levels of stimulation to feel their best. Our schools and
workplaces are designed for extroverts.
Research shows
that brainstorming in groups is a terrible way to produce
creative ideas.
Solitude is a crucial ingredient for creativity.
Quiet by Susan Cain
The Third Jihad
The New York Times
Ominous music plays. Muslim
terrorists shoot Christians in the head, car bombs explode,
executed children lie covered by sheets, and an Islamic flag
flies over the White House. Narrator: "This is the true agenda
of much of Islam in America ... This is the war you don't know
about."
The
Third Jihad: Radical Islam's Vision for America
Iranium: The Movie
Both movies are financed by
The Clarion Fund

Chuck Norris

AFP Laura Dekker, 16, returns from a one-year solo voyage around the world
in her yacht Guppy
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2012 January 26
Cameron @ Davos
Financial Times
British PM David Cameron called
on Berlin to contribute significantly more resources and guarantees to help
solve the eurozone crisis. He criticized eurozone leaders for being
distracted by other issues, such as the introduction of a financial
transaction tax, which he described as "quite simply madness".
British officials are frustrated with German leadership of the eurozone and
criticize Germany for seeking to persuade other countries to "become more
German" without accepting that Germany must "become less German" by
importing more. Cameron called on Germany to allow its trade surplus to
fall.
AR I pay transaction tax for my work deals and things I buy, so
why shouldn't the financial predators? Cameron should stop preaching and
start solving the problem.
Merkel @ Davos
Financial Times
German chancellor Angela Merkel said Europe can
only recover the confidence of global markets if the weaker European
economies boost their growth and competitiveness with structural reforms and
ensure that their debts are sustainable. Responding to IMF calls for much
bigger firewalls to protect European sovereign debt from speculative
attacks, she questioned their credibility: "If Germany promises something
that cannot be delivered if the markets attack it hard, then Europe would be
left with a wide open flank." Merkel called for more European solidarity
through closer integration. German businesses see beyond austerity and
report growing confidence in their prospects.
Europe: The Rescue
Camilla Cavendish
Late last year, the yield on two-year Italian
bonds hit 7% and it seemed that Spain might fail to refinance its debts.
Then the ECB began offering banks unlimited three-year loans. Spain and
Italy needed time to make structural reforms and the move has given them
three years. Now Spain has raised a fifth of its needs for this year through
bond auctions and the yield on Italian bonds stands at 3.5%. The ECB has
allowed what is in effect quantitative easing. This week the ECB may join in
a restructuring package for Greek debt. The technocrats may have rescued
Europe.
World Economic Forum
Financial Times
Davos expert verdict: 1
Globorg is weakening and risks another crunch. 2
Globorg will grow only slightly with regional recessions.
3 Expect an economic crunch or another sub-par
year. 4 Weak government responses will worsen
any crisis. 5 Most big issues depend on
solving the eurozone crisis.
Experts say the eurozone needs:
1 Austerity and structural reforms in peripheral
countries 2 Fiscal integration with risk
sharing, including eurobonds 3 Interim
liquidity support for countries struggling to borrow
4 Deep restructuring of Greek sovereign debt
5 Eurozone-wide recapitalization of European
banks
Fifth Generation Dominance
American Forces
Press Service
Fifth-generation fighter aircraft are key to America
maintaining domain dominance in the years ahead, say U.S. Air Force
officials. The new defense strategy guidance unveiled by President Barack
Obama affirms that the U.S. military must be able to defeat anti-access,
area-denial threats. The strategy requires the ability to operate against
adversaries across the spectrum of conflict. Fifth-generation aircraft are a
key ability in in combating the growing anti-access, area-denial
capabilities of other nations. The F-22 and F-35 fighters bring
maneuverability, survivability, advanced avionics, and stealth technology to
the fight. They are particularly relevant at the top of the spectrum and are
key to the warfighting capability of the nation.
AR In other words, lawmakers, don't you dare cut
the budget for these items!
2012 January 25
State of the Union
The Times
President Obama used his State of the Union address to:
1 Promise more
equality: "We can either settle for a country where a shrinking number of
people do really well, while a growing number of Americans barely get by. Or
we can restore an economy where everyone gets a fair shot, everyone does
their fair share, and everyone plays by the same set of rules."
2 Outline a new Buffett rule ensuring that
wealthy executives do not pay lower tax rates than their secretaries do.
Billionaire investor Warren Buffett says he and his rich friends should be
taxed more heavily. Like Mitt Romney, Warren Buffett pays about half the
rate of regular income tax.
3 Lay out an
economic blueprint highlighting corporate tax breaks to encourage insourcing
and skills training. On energy, America should increase its independence by
opening up more of its oil and gas reserves and by investing in clean
energy.
4 Warn Iran: "America is
determined to prevent Iran from getting a nuclear weapon, and I will take no
options off the table to achieve that goal. But a peaceful resolution of
this issue is still possible, and far better, and if Iran changes course and
meets its obligations, it can rejoin the community of nations."
AR All this sounds good: Romney the raider will
have to fight to do better.
Watchdog for Investors
Financial Times
Martin Wheatley, new head of UK Financial Conduct
Authority (FCA): "You have to assume that you don't have rational consumers.
Faced with complex decisions or too much information, they ... hide behind
credit rating agencies or behind the promises that are given to them by the
salesperson."
The FCA will
police markets and protect investors in an effort to head off new financial
scandals. Research in behavioral economics shows investors often make
decisions contrary to their own interests because of their aversion to
losses or unwillingness to ditch a losing strategy.
Wheatley sees
risk in the combination of predatory selling and poor consumer choices:
"Those two things don't meet in a happy place ... The profitability to the
firm appears to be a bigger concern than the suitability to the customer."
AR Wheatley has obviously read Daniel
Kahneman's new book (blog, Jan 5).
2012 January 24
Gulf Storm Warning
Financial Times
Tensions are mounting between Iran and the west
over Tehran's nuclear program. The US and its allies are pressing ahead with
sanctions and are ready for naval action if the Islamic Republic tries to
throttle the world's oil supply.
European Union
sanctions will ban imports of Iranian crude oil. Iran has tested cruise
missiles that can hit ships in the Strait of Hormuz and threatens to shut
the strait. It has warned its Gulf neighbors not to replace Iranian oil in
world markets. The regime is pushing ahead with plans to enrich uranium in
an underground bunker that conventional bombs cannot destroy.
Iran
has an ill-trained military, an obsolete air force, and a navy of
speedboats. But it can interrupt the oil traffic in the strait. General
Martin Dempsey, chairman of the U.S. joint chiefs of staff, says Iran has
the ability to block the strait for a few weeks. Iran would likely start by
using speedboats to force tankers to make evasive maneuvers or undergo
inspections. If Iran were to mine even part of the strait, U.S. forces would
need weeks to clear the danger. They would first have to locate and destroy
any missile and other threats to their mine-clearing vessels and helicopters.
Few western military strategists believe Iran will block the strait, as
that would also block its own oil exports. Washington is trying to cool
tensions. A joint Israeli-U.S. military exercise planned for the spring was
canceled last week. Any random incident or miscalculation could provoke a
war.
2012 January 23
Capitalism
Martin Wolf
Crises are inherent in capitalism. Periods of
stability and prosperity lead to the leveraging of returns. People in the
financial system profit from such leverage and underestimate its perils. The
financial system is abused and then collapses. We need to protect finance
and the economy from each other.
The limited liability corporation is
vulnerable to looting. Incentives for top employees encourage manipulation
of corporate earnings. It is vital to encourage the independence of boards
and ensure that pay packages are transparent. But except in banks,
governments should not intervene directly.
Taxes play a decisive role
in determining how the market economy operates. We need to remove the
incentives for leverage embedded in taxation. We should shift the tax burden
from incomes on to consumption and wealth. We must ensure richer people pay
tax.
Plutocrats like closed political and economic systems. But they
undermine the open access on which democratic politics and a competitive
market economy depend. Protecting democracy from plutocracy is a challenge
because capitalism today is global. The answer is more global governance.
2012 January 22
My Endorsement For President
Chuck Norris
We need to appoint a commander in chief who can
clearly lead America to a more solvent and secure future. We are electing a
president, not a pastor or pope. We need a veteran of political war who has
already fought Goliath.
My questions to find
our next president:
1 Who is most committed to follow and lead by the U.S. Constitution?
2 Who has the greatest leadership ability
to rally, unify and mobilize citizens?
3 Who has the best working comprehension of America?
4 Who has the best ability to influence a volatile world away from
its brink of destruction?
5 Who has clear and present moral fortitude?
6 Who can best beat President Barack Obama?
7 Who has the best abilities to lead Washington politics and politicians?
8 Who has the best plan and leadership
ability to restore America's economy?
9 Who is the most fiscally prudent?
10 Who has demonstrated the highest regard for human life?
My wife Gena and I believe former Speaker Newt Gingrich is the answer to most of those
questions and deserves our endorsement.
AR Oh, well, if Chuck says so ...
The Rise and Fall of the Third Reich
Ron Rosenbaum
A new edition of William L. Shirer's 1,250-page
book
The Rise and Fall of the Third Reich marks the 50th anniversary of its
winning the National Book Award. Many baby boomers read Shirer as their
parents' Book of the Month Club selection and still recall the impact it had
on them.
Shirer was 30 when he took up residence in Berlin in 1934. He witnessed
the rise of the Third Reich under Adolf Hitler and he covered the
Blitzkriegs against Poland and France before he was forced to leave in
December 1940. In 1941 he published Berlin Diary, recording his response to
the rise of the Reich. By 1960, Shirer had 15 years to distance himself and
then to return from that distance. Rereading his magnum opus, one sees how
subtly Shirer shifts between telescope and microscope. He gives us Tolstoyan
vistas of battle, and yet his close-ups of the key players lay bare their
minds and hearts.
Shirer maintained that Hitler and his furious drive
were a distillation of centuries of German culture and philosophy. The term
"Third Reich" was concocted in a 1922 book by Arthur Moeller van den Bruck,
who believed in the divine destiny of a German history with three momentous
acts. Charlemagne's First Reich was followed by the Second Reich,
resurrected by Bismarck with his Prussian "blood and iron" but betrayed in
November 1918. Thereafter Germany was awaiting the savior who would lead the
Third Reich to its destiny.
AR I recall
reading the book as a teenager in the 1960s. It had a big impact on me too.
2012 January 21
Charity Needs Capitalism
Bill Clinton
We can and must rethink the
relationship between economic and social challenges, so that benefits and
opportunities are available to more people. People are demanding it. The
current systems are not working. The financial crisis showed that the path
we were on was unstable and unsustainable.
We see a new approach in
big companies that have shifted their corporate culture to increasing shared
value. When our bottom line is more about strengthening the future than
maintaining the present, and when our financial interests are aligned with
our social ones, we will be closer to the kind of world we want all our
children to live in.
Members of the Clinton Global Initiative have
made thousands of commitments that are improving the lives of hundreds of
millions of people around the globe. These efforts benefit both the
communities they target and the corporations and philanthropists involved.
All this enhances profits, increases economic inclusion, and gives more
people a stake in a shared future.
AR
Good old Bill — I'd still vote for him to be president.
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Hexplane
Wired
The Bell Boeing V-22 Osprey takes off like a helicopter
and flies like an airplane. The guys at Oliver VTOL have plans for
Hexplane, which combines the fuselage of a Boeing 737 with three Osprey
hover rigs. Company founder Richard Oliver
says the redundancy of six independent engines and propellers provides
more safety.
AR I like it. Reminds me of the
Fairey Rotodyne.
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Oliver VTOL |
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PHILOSOPHER
Buy @ Amazon:
USA
UK

Ralph Fiennes directs and stars in
Coriolanus
YouTube trailer (2:15)
Derek Parfit has spent decades
building an ethical theory that is fundamentally misguided
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2012 January 20
The Chinese View Of SOPA
The New Yorker
Opponents say SOPA and PIPA would impose a
censorship regime like the Great Firewall of China. Rebecca MacKinnon says
they would impose a "censorship mechanism that is almost identical,
technically, to the mechanism the Chinese use to censor their Internet."
Chinese reaction to American protests ranges from sympathy
to snickering. A joke on micro-blogging site Weibo: "The Great Firewall
turns out to be a visionary product; the American government is trying to
copy us." Another joke: "At last, the planet is becoming unified: We are
ahead of the whole world, and the American imperialists are racing to catch
up."
Weibo has a team of censors on staff to trim posts with
sensitive political content. Opponents say American sites would also need
censors to police content for copyright violations. Blogger Dr. Zhang:
"I've come up with a perfect solution: You can come to China to download
all your pirated media, and we'll go to America to discuss politically sensitive
subjects."
2012 January 19
Diminishing Returns
Financial Times
The implosion of financial
capitalism has become a crisis of political authority in the west. Behind
this lies an unequal contest between a globalized economy and politicians
with national electorates.
Capitalism no longer belongs
to the west. The troubles faced by the advanced economies have crystalized a
wrenching shift in the balance of global economic power. The financial crash
inflicted huge losses on the innocent. But the Occupy movement falls short
of a coherent prospectus. Globalized capitalism has outstripped the capacity
of national governments to manage it.
The sense of collective
interest visible at the post-crash meetings of the G20 has dissipated. What
started out as a crisis of financial capitalism may give way to a backlash
against globalization.
Online Piracy
Matthew Yglesias
Much of the debate about SOPA and PIPA centers on entertainment industry
claims about the economic harm of copyright infringement. Large-scale,
unimpeded, commercialized digital reproduction of other people's works could
destroy America's creative industries. But the question to ask is whether
there's a problem from the consumer side. If infringement got out of hand,
we might face a bleak scenario in which bands stop recording albums and no
new TV shows are released. But we're not living in that world.
2012 January 18
Civilization
Steven Pearlstein
Niall Ferguson claims that European
world hegemony came not as the result of any natural advantages but because
it was able to develop just the right mix of political, legal, and social
institutions that made it resilient enough to prevail. Ferguson is an
economic historian known for the breadth of his knowledge, the clarity and
pithiness of his prose, and the originality of his analysis. But
Civilization is a mishmash of disconnected and sometimes
contradictory riffs held together by faulty logic, inept metaphors, and
clever turns of phrase. Ferguson comes off as an intellectual showoff who
couldn't be bothered to edit his own ideas. As he says, the real threat to
our dominance in the world is from ourselves.
Augmented
Reality
Amara D. Angelica
Imagine a future in which icons flash on your
car windshield, hologram-style, as your car approaches restaurants, stores,
historic landmarks, or the homes of friends. Point your hand at them, and
the icons open to show online information. Wave your hand again, and you've
made a restaurant reservation. Oh yeah, now there's the perfect combo:
AR, booze, and driving. Here's an app I want:
one that warns me when an AR car is approaching
so I can swerve out of the way.
AR These
are just updated HUDs from aircraft: see
my 2010 book. But pilots have,
like, common sense.
Cruise Ships
New Scientist
The design of giant cruise ships needs urgent
rethinking after the rapid capsizing of Costa Concordia, says maritime trade
union Nautilus International.
AR Easy:
Make them catamarans. That way you get lots of extra deck area too. Also,
the U.S. Navy could use cats for future aircraft carriers.
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4 Wikipedia goes black but Beyoncé goes
white for her new album
4 |
Censorship Alert
The Wikipedia community has chosen to blackout the
English version of Wikipedia for 24 hours, in protest against proposed
legislation in the United States: the Stop Online Piracy Act (SOPA) and the
Protect IP Act (PIPA). If passed, this legislation will harm the free and
open Internet and bring about new tools for censorship of international
websites inside the United States.
Wikipedia
Statement
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Rich Bullshit
Tom Whipple
The Institute of Economic Affairs, a
right-wing free-market think tank, commissioned a report on economics
and happiness. The report concluded that, to be happy, we should become
more right wing and more free market.
A graph in the report
appears to show that happiness increases in proportion to salary. But
the income scale is logarithmic, doubling at each step. So the graph
actually shows exponentially diminishing returns of happiness, the more
you earn. It might take £8,000 to increase a nurse's happiness by 10%,
but to increase the happiness of bank boss Bob Diamond by the same
degree requires enough money to fund a hospital's worth of nurses.
If happiness is what we want, the report makes a compelling case for
mass wealth redistribution.
Established science
publishers are under attack from online upstarts
Golden Globes
Los Angeles

AP George Clooney and his girlfriend
Stacey Keibler. Clooney won the best actor prize in the drama category
for his role in The Descendants.

AP Meryl Streep won the prize for best
movie actress in the drama category for her portrayal of Margaret
Thatcher in The Iron Lady.

Photo: The Observer
Karen Gillan played Amy Pond in Doctor Who. Now she plays Jean
Shrimpton, 18, loving photographer David Bailey in a BBC TV drama based
on their historic 1962 photoshoot for Vogue.

PHOTO: MICHAEL ZILKHA
Hitchens, Voltaire, Rushdie April 2011
Christopher
Hitchens
Salman Rushdie
God saved Christopher Hitchens from the right.
Nobody who detested God as viscerally, intelligently, originally, and
comically as he did could stay in the pocket of god-bothered American
conservatism for long. On his 62nd birthday we were photographed
standing on either side of a bust of Voltaire. That photograph is now
one of my most treasured possessions.

www.plusmodelmag.com
Katya Zharkova
PLUS Model Magazine likes big fashion models
War Horse
Directed by Steven Spielberg
"The best thing Spielberg has made in at least ten years"
The
Telegraph
Margaret Thatcher was
right, says Daniel Finkelstein
My review of One Day by
David Nicholls
"Tonight we made history. Americans know that our futures are brighter
and better than these troubled times."
Mitt Romney
The Ring Of Truth
The Times
In the Islamic Republic of Iran, IAEA inspectors
are monitoring the Mordor facility concealed in a mountain near the city
of Doom.
The Israeli INSS says an Iranian
nuclear test would transform the Mideast: 1
The United States may invite Israel to join NATO
2 Russia would align with the United
States 3 Saudi Arabia would develop
its own nuclear arms 4 If Israel
joined NATO, Turkey would leave
AR
Nuke Mount Doom.

ASSC 16
Sussex, UK 2012 July 2-6
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2012 January 17
Five Steps To Happiness
Matthew Syed
1 Whatever you do, don't
try to be happy. Holocaust survivor Viktor Frankl: "Happiness cannot be
pursued; it must ensue, and it only does so as the unintended side-effect of
one's personal dedication to a cause greater than oneself or as the
by-product of one's surrender to a person other than oneself."
2 Good experiences or great memories? Nobel
laureate Daniel Kahneman discovered that we recall our experiences like a
story and love a happy ending. When mothers measure their happiness hour by
hour, they score lower than women without children. But when they give an
overall happiness rating, they forget the hourly grind and score far higher.
3 Fast cars are overrated. Economics
professor Richard Easterlin discovered that rich nations are no happier, on
average, than poor ones, once basic needs are met. A recent study by
Princeton University shows that contentment increases in line with pay until
a threshold of £58,700, then levels off. The problem is that the rat race is
in our genes.
4 Don't live under a flight
path. Humans adapt quickly to new situations, but there are some nasty
things to which we never adjust. Pain and depression are examples, but so is
loud noise. Noise pollution is a catastrophe for happiness.
5 Would you live in a fantasy? Most people say
no. We prefer a real life, even one less happy, provided it is authentic. In
this sense, truth is more fundamental than happiness. We should decide on
what we really believe before living our lives, not the other way around.
To Hell In A Shopping Basket
Robert Reich
The crisis of capitalism marks the triumph of
consumers and investors over workers and citizens. Modern technologies allow
us to shop in real time for the lowest prices and best returns. Yet the
goods we want or the returns we seek can often be produced more efficiently
elsewhere by companies offering lower pay and fewer benefits. Great deals
can have devastating environmental consequences or offend common decency.
But nothing trumps the lure of a bargain.
The best means of balancing the demands of consumers and
investors against those of workers and citizens has been through democratic
institutions that offer some protection for jobs and wages, communities, and
the environment. But the U.S. Supreme Court has decided that under the First
Amendment to the Constitution money is speech and corporations are people.
So consumers and investors are doing increasingly well but job insecurity is
on the rise, inequality is widening, communities are becoming less stable,
and climate change is worsening. None of this is sustainable.
AR Money talks: I am Globorg. I cite the Supreme
Court.
2012 January 16
Dreamcatcher
Slate
"Share your story," says
Barack Obama's Pennsylvania website to voters. "Tell us why you want to be
involved in this campaign," read the instructions. A project in Chicago
codenamed Dreamcatcher is turning their input into valuable data for the
next election.
Dreamcatcher is led by Rayid Ghani, who last worked as
chief scientist at Accenture Technology Labs. There he mined the mountains
of consumer data that collect on corporate servers to find statistical
patterns for forecasting. He would help businesses find patterns in consumer
behavior so they could improve their customer relations management.
In 2008, Obama's campaign saved lots of hard voter data plus an
unprecedented quantity of voter interviews it regularly conducted using paid
phone banks and volunteer canvassers. Analysts used the data to build
sophisticated statistical models that allowed them to sort voters by their
relative likelihoods of supporting Obama.
But the 2008 algorithms
have trouble picking up voter positions, or the intensity around those
positions, with much nuance. Before the 2008 Iowa caucuses, every Democrat's
top concern seemed to be opposition to the Iraq war. When Lehman Brothers
collapsed, the economy became the leading issue across demographic and
ideological groups. But the surveys were unable to burrow beneath the
surface.
As part of the Dreamcatcher project, Obama campaign
officials are redesigning the notes field for individual records in the
database of voters so that it sits at the top of the screen and is large
enough to include stories submitted online. Those familiar with Dreamcatcher
describe it as a bet on text analytics to make sense of a whole genre of
personal information that no one has yet put to use in politics.
AR My former SAP team, now the HANA team, may be
interested by this deployment scenario.
War Horse
David Gritten
Steven Spielberg, 65, is the most commercially
successful director in the history of cinema and a sucker for schmaltz. His
films include Jaws, Close Encounters of the Third Kind, 1941, Raiders of the
Lost Ark, ET the Extraterrestrial, The Color Purple, Empire of the Sun,
Jurassic Park, Schindler's List, Saving Private Ryan, AI Artificial
Intelligence, Minority Report, War of the Worlds, Munich, The Adventures of
Tintin, and now War Horse. Spielberg can still make movie magic.
AR Like many of us, I can mark out the stations
of my adult life with his movies. The brilliance of his creative genius
is splendid to behold.
Geert Wilders' new book,
Marked for Death, is scheduled for release in April
Iran Oil Warning
Financial Times
Iran
is warning Saudi Arabia and
other OPEC members not to boost oil production: The Iranian OPEC representative said Tehran would consider a boost "unfriendly".
The Saudi oil
minister said the kingdom would meet customer demand for more oil.
In the last 10 days, the British prime minister, the Chinese premier,
a Japanese minister, and a US lawmaker have all
visited Saudi Arabia for oil talks. The kingdom is already pumping around 10
million barrels a day, at prices above $110 a barrel.
Downward Spiral
Wolfgang Münchau
The eurozone is spiraling downward into recession.
Greece will default and may leave the eurozone. Next in turn will be
Portugal. The EFSF faces downgrade too. By downgrading France and Austria
but not Germany and the Netherlands, S&P hinted at the geography of a
breakup. Germany is now the only large AAA country in the eurozone. Merkel's
top priority is to conclude the fiscal treaty, but this will only reinforce
pro-cyclical austerity. The system is unraveling. We need a strong central
fiscal authority.
Europe: Mess And Success
Nicholas D. Kristof
Europe is in an economic mess.
Rigid labor laws cause high unemployment and generous welfare states create
budget problems as baby boomers retire. Yet GNP per capita in France rose
from 64% of the American figure in 1960 to 73% by 2010, and in France the
average working week is still almost a day shorter than in America. There
are 172 European corporations among the Fortune Global 500, compared with
133 from the United States.
Europe has addressed energy issues and
climate change far more seriously than America has. It now has more economic
mobility than the United States, and France has a higher proportion of college
graduates than America. French life expectancy is longer too: back in 1960
the lead was just a few months but by 2009 it was almost three years. Europe
is no failure.
AR Europeans need a more
vibrant vision of a more glorious future.
2012 January 15
Goldman's Trojan Horse
The Sunday Times
In the closing months of 2001, a Goldman Sachs
trader in London exploited an EU loophole to help Greece massage down its
national debt. Greece paid Goldman handsomely for the help.
Greece gambled that interest rate rises would devalue its debt. Before
joining the euro, Greece had to pay interest rates of about 18% to borrow
money on the open markets. After joining the euro, that would fall to about
5%. The Goldman plan agreed exchange rates for currency swaps that made it
look like Greece owed Goldman €2.8 billion less than it did. This cut the
Greek debt-to-GDP ratio by 1.6% and made it seem that Greek debt was
falling, when in fact it had risen.
Goldman expected its €2.8 billion
to be repaid and agreed to excuse Greece for two years, then stagger
repayments over 18 years. The pricing assumed interest rates would rise, but
they fell after September 11 and increased the Greek debt. In 2005, the
National Bank of Greece bought the whole package back from Goldman. By 2009
the debt for the deals was up to €5.5 billion and will not be cleared until
2037.
Goldman did not cause the Greek crisis. The sums involved in
the swap deals are not even a rounding error. Yet the lack of transparency
in such trades lies at the heart of the eurozone crisis.
AR And Cameron expects Merkozy to let London
trade in Europe without regulation?
2012 January 14
The End Of War
John Horgan
The United States is the problem when
it comes to the persistence of war in the world today. It is engaged in wars
overseas, it is the largest arms dealer in the world, and it spends roughly
a trillion dollars a year on military stuff.
In the 20th century, by
far the most destructive ideas were fascism and communism. These were
secular ideologies that shared with fundamentalist religion the fierce
conviction that theirs is the right way to view reality.
Together
Mark
Pagel
Richard Sennett worries that humans are tribal and explores
how people can be encouraged to cooperate. Modern capitalist societies
promote conditions leading to social withdrawal or hibernation, such as
economic inequality, broken workplace relations, and the psychology of
uncertainty.
To rescue cooperation, Sennett champions the repetitive
shared experience of ritual, from religious ceremonies to workplace routine,
but cautions that it requires empathy and commitment to community.
Together is the second in a planned trilogy starting with
The Craftsman.
AR I enjoyed
The Craftsman.
Jews
And Globalization
Ira Rifkin
Globalization is the flow of capital and
commerce across international borders and the monoculture of personal
fulfillment and material advancement as the highest values. A World Jewish
Congress paper noted in 2001 that Jews "have always promoted globalization,
and have served as its agents."
Jewish Renewal rabbi Michael Lerner
says "if globalization is just the latest twist on the worship of
materialism, then it has become idolatry, the antithesis of monotheism."
Orthodox rabbi Asher Meir says globalization is a neutral phenomenon but
Jews are not to surrender their identity to it.
Eurojunk
Financial Times
Standard & Poor's cut the credit rating of France and
Austria from AAA to AA+ and downgraded seven other eurozone nations
including Italy and Spain. Portugal was cut down to junk.
AR Credit is trust is psychology. Euroleaders
have made a poor job of convincing the hard and sharp money men of this
fallen world that they have the smarts and the guts to lead anything.
2012 January 13
U.S. Warns Iran
The New York Times
The Obama
administration has warned Iran’s supreme leader, Ayatollah Ali Khamenei,
that closing the Strait of Hormuz is a red line that would provoke an
American response. Iran has the military capability to close the strait. For
two decades Iran has been investing in mines, fleets of heavily armed speed
boats, and antiship cruise missiles hidden along its Persian Gulf coastline.
Estimates by naval analysts of how long it could take for American
forces to reopen the strait range from a day to several months. The
consensus is that Iran’s naval forces would be destroyed. The Iranian state
navy is for the most part professional and predictable, but the
Revolutionary Guards navy is not. The Revolutionary Guards navy has been
deploying faster missile boats and stockpiling naval mines.
American
naval forces might encounter layers of simultaneous attacks. The Iranians
could launch antiship missiles and surround any American ship with armed
speedboats. The United States could take out the missile launchers but this
could take time. The strait is less than 35 miles wide at its narrowest
point. The inbound and outbound shipping lanes are two miles wide, with two
miles separating them.
1000 Dollar Genome
MIT Technology Review
Connecticut-based biotech company
IonTorrent has unveiled a new tabletop gene sequencer with a DNA-reading
chip that can sequence an entire human genome in a day for $1,000.
12 Atom Memory
MIT Technology Review
IBM has unveiled a magnetic memory device
made of just 12 iron atoms. The atoms can hold a bit for a few hours and at
temperatures close to 0 K. The team is pushing the limits set by quantum
physics.
84 Qubit Computation
MIT Technology Review
How many people do you need to invite to a
party to ensure that m of them will know each other and n of them will not
know each other? A natural answer is the two-color Ramsey number R(m,n).
A team at D-Wave
Systems used 84 qubits to calculate R(3,3) and R(m,2) where m = 4, 5, 6,
7, 8. Their quantum computer uses superconducting circuits in which currents
going in opposite directions code 1 and 0 superposed as a qubit. Their
calculation for R(8,2) used 84 qubits, of which 28 were used in the
computation and the rest for error correction. The computer took 270 ms to
get the (known) result 8.
Religion for Atheists
Terry Eagleton
Alain de Botton assumes that religious beliefs are
a lot of nonsense but that they remain indispensable to civilized existence.
He claims that one can be an atheist while still finding religion
sporadically useful and consoling. He advocates secular versions of sacred
ceremonies and billboards carrying moral or spiritual messages. This
enterprise is both impudent and unoriginal. Christopher Hitchens would have
scorned any such project. He found religion disgusting.
PHILOSOPHER
I am working on providing a wealth of online illustrations for my new book.
When you read it, be sure to admire the images.
Links here
2012 January 12
Physicists Need Genesis
New Scientist
Physicists shy away from a singular cosmic genesis,
but Alexander Vilenkin says we need it.
1 Inflation says that in the primordial yoctosecond the
universe inflated exponentially before settling down to its present
expansion. Eternal inflation says that the universe grows fast forever, by
constantly creating smaller bubble universes within the multiverse, each of
which then settles down. Vilenkin and Alan Guth found that inflation cannot
be eternal in the past.
2 In a cyclic
universe, the big bang is a bounce back from a previous collapsed universe,
and the universe cycles forever. Vilenkin looked at universal entropy and
found that after an infinite number of cycles, the universe would be in a
state of maximum disorder.
3 Perhaps the
cosmos existed eternally as a cosmic egg, which cracked to create the big
bang. Vilenkin and Audrey Mithani showed that quantum instabilities would
crack or collapse the egg after a finite time.
Vilenkin's bottom
line: "All the evidence we have says that the universe had a beginning."
2012 January 11
The Market Economy
Financial Times
The business leaders of today are not capitalists
in the original sense. Modern titans derive their authority and influence
from their position in a hierarchy, not their ownership of capital. They
have won power through their political skills, in the ways bishops and
generals rise in their hierarchies.
The value of raw materials is only a small part of the value of the
production of a complex modern economy, and the value of physical assets is
only a small part of the value of most modern businesses. The critical
resources of modern companies are not their buildings and machines but their
competitive advantages. These attributes are not owned by anyone at all.
The typical reader of this article works in front of a
computer at a desk in an office block. It is quite likely that each is owned
by someone different. People do not know who owns their work tools because
the answer does not matter. By continuing to use the term capitalism, we are
liable to misunderstand the strength of the market economy.
Banking
Financial Times
Before the crisis, banks morphed from social
utilities into machines for making money by taking risks. Big financial
institutions managed to absorb the gains from risky trading while
socializing their losses. Pay practices that grew up on Wall Street and in
the City of London added insult to injury.
Unless they can find a way
to demonstrate their usefulness, and to curb the practices that alienate
outsiders, banks face a long struggle against new regulation. Banks made
high profits for a while but did nothing useful. Banks that had been bailed
out paid large bonuses to employees, causing resentment.
Central
bankers are imposing higher capital and liquidity requirements. The market
has also disciplined institutions with highly leveraged balance sheets and
fragile funding. Banks will become less profitable. Banking will again look
more like a utility industry. Banks may then earn more respect.

LP Surfers in California yesterday
2012 January 10
Capitalism In Crisis
Financial Times
A modern economy has two
tracks: a fast one for the super-rich and a stalled one for everyone else.
The wealthiest citizens have collected the bulk of the income gains in the
last three decades. Most of them are finance professionals and top
executives. Finance is a cash cow for a global elite.
Rising income
inequality has been variously attributed to globalization, changing
technology, regulatory reforms in markets, changing household structures,
and insufficiently redistributive taxation. The costs of inequality include
the stifling of upward mobility and the rise of protectionist sentiment.
The money motive in wealth creation detracts from the legitimacy of
capitalism unless there is an implicit social contract between the rich and
the rest of society, whereby the wealthy temper ostentation and engage in
philanthropy. In business, top executive rewards are poorly related
to performance and tend to rise even when profits fall. The accountability
of management is fundamentally flawed.
Finance professionals in New
York and London have bought themselves protection from proper societal
accountability. In the Nylon world there is a greater mistrust of big
government than of business. Tackling such interest groups is a big task.
2012 January 9
Iran Is Weak
Fareed Zakaria
The Islamic Republic of Iran is weak and getting
weaker. Sanctions have pushed the economy into a nose-dive. The political
system is fragmenting. The Gulf monarchies have allied against
Iran.
The Iranian government's reaction to the prospects of sanctions
shows its desperation. An admiral threatened to block the Strait of Hormuz.
But a senior commander of the Revolutionary Guards explained that Tehran has
no intention of blocking the strait. Iran would suffer as its oil exports
were blocked. The United States does not buy oil from Iran, but European
nations, Japan and South Korea do, and new sanctions could put Iran in
economic free fall.
The Obama administration seems to have given up
on strategic reconciliation with the Iranian regime. Washington wants to
build pressure on Iran. This strategy is risky. The price of oil is rising.
AR Act fast. End it.
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Plan A is for austerity, for fiscal discipline.
Plan B means borrowing a big bazooka to punch our way to growth.
Plan C consists of contemplating, reflecting, reading, appreciating the
arts, finding the consonance we need to build a more sustainable global order.
Pray
we avoid D.
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PA The Royal Navy's £1 billion destroyer HMS Daring, equipped with systems to
shoot down any missile in Iran's armory, will sail for the Gulf on a mission to
defend the oil lanes.

David Owen on Thatcher's dementia
PHILOSOPHER is now
available for purchase via
CreateSpace
Lightning Delay
Wired
The Pentagon will delay
buying
early-model F-35 Lightning II warplanes to slow spending and to give
more time for testers to work out kinks. The military will purchase only
around 30 Lightnings a year from 2013 to 2017 before the type becomes
combat ready in 2018. In line with the new U.S. military strategy
emphasizing air and sea deterrence in the Pacific, the Pentagon still wants nearly 2,500 of the ten-a-billion jet in three
versions. Over 50 years, the program will cost $1 trillion.

Photo: Ryan Miller/Getty Images Jane Fonda
kisses Stephen Hawking, LA, 2011
In an interview to mark his 70th
birthday this weekend, Stephen Hawking, the former Lucasian professor of
mathematics at Cambridge University, admitted he spent most of the day
thinking about women: "They are a complete mystery."
As for his greatest mistake, Hawking said:
"I used to think information was destroyed in black holes. This was my
biggest blunder, or at least my biggest blunder in science."

BBC
Sherlock Holmes
The modern-London BBC TV adaptation
of the stories by Sir Arthur Conan Doyle lets early evening viewers see
actress Lara Pulver nude, either to bump up the ratings or to scotch rumors that Holmes was gay.
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2012 January 9
Reinvent Capitalism
Larry Summers
Capitalism has led to increased unemployment
combined with increased income for the top 1 percent and reduced social
mobility. The roots of the problem are in the evolution of technology.
The agricultural economy gave way to the industrial one
because technology let fewer people grow food for all. The same process is
now under way in manufacturing and some services. The change lets a lucky
few get very rich.
In purchasing power for goods where productivity
growth has been rapid, wages have risen over the last generation. But they
have stagnated or fallen relative to the price of housing, healthcare, food,
energy, and education.
As fewer people are needed to meet basic
demand for goods like appliances and clothing, more people work in areas
like healthcare and education where outcomes are manifestly unsatisfactory.
The production of healthcare and education is much more involved with
the public sector than that of manufactured goods. As workers move, we need
to slow the growth of the public sector.
The
governments of industrial market capitalist societies seem bankrupt. As
markets fail, budget pressures force cuts in the public sector. The solvency
of many capitalist states is in question.
The success of capitalism
has raised the relative cost of teaching or nursing or administering. The
new challenge is to succeed in the areas of health, education, and social
protection.
AR The public sector may be
the solution. Let all the unemployed become public sector workers as of
right but under market discipline: their subsidized labor for private bosses
bids down wage rates and shows voters the economic truth.
2012 January 8
John Brockman
John Naughton
John Brockman is a cultural impresario or an
intellectual catalyst. He is a literary agent who spotted early on that
there was a massive audience for writing about science. He represents a
stable of high-profile scientists and communicators and can extract massive
advances from publishers, but he's also passionate about big ideas.
Brockman is best known for
Edge.org, a site he
founded to gather the most brilliant minds in the world and have them ask
one another the questions they'd been asking themselves.
Edge.org is an online
salon with Brockman as its editor and host.
AR
Many years ago Brockman took a brief interest in representing my first novel
after reading the first chapter but then declined on reading the second
(rightly too in my present opinion).
Seventy Earth Years For
Mr. Universe Steve
McQueen directed Shame
2012 January 7
U.S. Defense Strategy
Washington Post
President Obama says the need for fiscal
austerity coincides with a global moment of transition. His plan is to build
capacity in Asia by cutting not Mideast forces but deployments in Europe,
benefit and retirement costs, Cold War weapon systems, and the nuclear
arsenal.
His plan assumes that the United States will no longer
conduct nation building. Though counterinsurgency has produced results in
both Iraq and Afghanistan, the Army and Marines will be reduced in size to
prewar levels. Officials say their expertise will be preserved and restored
if needed.
One may question the scale of the defense cuts. Another
half a trillion in sequestration cuts will take effect in 2013 unless
Congress repeals them. Defense Secretary Leon Panetta and the Joint Chiefs
say such a fiscal hit would be a catastrophe for U.S. defense.
Islamist Spring
John M. Owen IV
Islamism did not cause the Arab Spring.
Authoritarian governments had simply failed to deliver on their promises.
But the Arab Spring is bringing forth blooms of Islamists.
From 1820 to 1850,
Europe experienced historic rebellions that swept from country to country as
frustrated people rallied around an ideology inherited from earlier
radicals. The old regimes had long been run by monarchs, aristocrats, and
the church, but the revolutionaries overthrew them to create a new liberal
polity extending rights and liberties to the commercial classes and small
landholders. Absolutist regimes tried to suppress liberalism after 1815, but
networks of liberals continued to operate underground, providing a common
language for dissent that burst out in the revolutions of 1848.
Today, Arabs have a common language of dissent in Islamism. For years the
Islamists have provided a coherent narrative about what ails their world.
The Arab Spring is their moment.
Martin Rees congratulates Stephen
Hawking on reaching 70 and recalls his achievements
2012 January 6
Ponzi Planet
Alexander Jung
A Ponzi scheme is a mechanism for paying off old
debt by constantly taking on new debt. The repayment of the debt is deferred
in an endless process of refinancing. It's a snowball scheme, ending in an
avalanche that buries everything.
The Western
world is like a giant Ponzi scheme. In the first decade of this century,
governments worldwide more than doubled the level of debt, to an estimated
total of $55 trillion by the end of 2011.
The United States leads the
pack with its national debt of $15 trillion, followed by Japan with about
$13 trillion. The United States only remains solvent because the Congress in
Washington keeps raising the debt ceiling.
Banks in
Europe will have to repay about €725 billion in combined debt in 2012. The
European Central Bank is creating billions out of nothing to buy bonds from
eurozone countries. This financial aid so far amounts to €211 billion. At
€440 billion the bailout fund is still too small, so finance ministers will
leverage it to make it bigger.
Even in Germany, public debt was over
€2 trillion in Q3 2011. German public debt grew by about €120 million a day
between July and September. This increase occurred despite high tax revenues
and low unemployment. Debts rise in good times and bad.
A government
borrows money from citizens in return for bonds that promise repayment with
interest. The state then prints new bonds to replace the old ones. Debts are
not repaid but refinanced. The bonds are regarded as safe investments. They
give banks apparent security on their balance sheets.
Credit depends
on belief. The system will only function as long as lenders believe in
borrowers. After the belief comes the avalanche. We are living on a Ponzi
planet.
Pentagon Plan
The Times
President of the United States Barack Obama unveiled a
Pentagon plan to cut half a trillion dollars from projected military
spending over the next ten years: "Our military will be leaner, but the
United States will maintain our military superiority with armed forces that
are agile, flexible and ready for the full range of contingencies and
threats."
POTUS said that U.S. military might would
still be "larger than roughly the next ten countries combined". But he
emphasized the need to arm up in the Pacific region in face of China's
growing regional power. The plan proposes scaling back the Army and the
Marine Corps, reducing the nuclear arsenal, and shrinking the U.S. military
footprint in Europe.
2012 January 5
Business Analytics
Dennis K. Berman
Analytics harvesting massive
databases will improve everyday business decisions. New systems can chew
through gigabytes of data, analyze them via self-learning algorithms, and
package the insights for immediate use. Wall Street traders can now evaluate
mortgage-backed securities by analyzing the ongoing creditworthiness of many
millions of individual homeowners.
Company valuations in this space
are rising. These technologies will move closer to us all in
2012. The goal is to push all the heavy backend work forward to
front-line workers, as dashboard apps on handheld devices. Analytics will
become the norm and will accelerate market evolution and business cycles.
AR If I were still at SAP, I'd be riding
this wave, making money and losing my mind in action.
Romney Versus Obama
Jacob Weisberg
Self-interest lies behind
media promotion of marginal Republican challengers for the nomination. Local
television stations count on election-year revenue bumps from political
advertising in important primary states. Rooting for the underdog, any
underdog, is a matter of wanting a more dramatic story. The strait-laced
frontrunner winning Iowa and New Hampshire before securing the nomination
early on does not count as a compelling narrative. Hence the media hype of absurd candidates with outlandish views.
The GOP is
overwhelmingly likely to nominate Mitt Romney because it is his turn and
because he is the most electable candidate available. But the party he is
likely to lead into battle is dominated by its activist extreme and deaf to
reason about U.S. fiscal choices. To survive a Republican debate you are
required to hold the incoherent view that the budget should be balanced
immediately, taxes cut dramatically, and the major categories of spending
(the military, pensions, healthcare for the elderly) left largely intact.
There is no way to make these numbers add up and the candidates mostly do
not try.
A proof that Homo
sapiens is not rational — my Amazon review of
Thinking, Fast and Slow, by Daniel Kahneman
2012 January 4
Global Unrest
Paul Mason
All the recent protest movements center on graduates
with no future. The financial crisis of 2008 created a generation whose
projected life-arc switched from an upward curve to a downward one. The
revolts of 2010/11 have shown what this workforce looks like when it becomes
collectively disillusioned.
Members of this
generation of graduates with no future form an international class, with
behaviors and aspirations that easily cross borders. They reside in global
cities among the slum-dwellers and the working class. The sheer size of the
student population means that it transmits unrest to a much wider section of
the population than before.
Social media and new technology were
crucial in shaping the revolutions of 2011, just as they shaped industry,
finance, and mass culture in the preceding decade. The ability to deploy a
whole suite of information tools has allowed protesters across the world to
beam their message into the newsrooms of global media, and above all to
assert a cool new identity.
Revolution implies taking power away from
its holders by making it impossible for them to keep running their machinery
of domination. It is a form of collective practice that bypasses and
supersedes the machinery by developing an alternative network of relations.
We are in the middle of a global revolution.
Poland and
Europe
Jan Cienski
Poland is now a more important trade partner for
Germany than Russia. Polish central bank governor Marek Belka: "We have
managed to nurture a real entrepreneurial class which is pretty resilient.
Almost half of our exports to Germany come not from big multinationals like
Volkswagen or Siemens with plants in Poland but from small Polish companies
providing consumer and investment goods."
Germany is a strong supporter of the
Weimar Triangle, involving Warsaw in a regular tripartite debate with Berlin
and Paris. Polish foreign minister Radoslaw Sikorski has become the leading
exponent of Warsaw's new policy toward Germany of becoming Berlin's
indispensable eastern neighbor in the same way that France is in the west.
Poland has the seventh largest economy in the EU and the sixth
largest population. Its success in undergoing deep economic reforms could
serve as an example both to the eurozone periphery and to countries such as
Ukraine and Belarus. The government's goal is to make Poland a part of
Germanic northern Europe: punctual, hardworking, and fiscally sober.
Poland is experiencing a catch-up boom similar to that in western Europe
after WW2. For 2012, the EU forecast is for Polish GDP to grow by 2.5%,
compared with 0.6% for the EU as a whole. Under pressure from ratings
agencies, the Polish government promises to drive the public deficit below
3% in 2012. With debt nearing 55% of GDP, there are calls for austerity.
2012 January 3
Downturn 2012
Ambrose Evans-Pritchard
A global downturn on all
fronts will abort the recovery:
China will devalue the yuan and
export yet more spare capacity into a deflationary world, until the West
retaliates and starts to turn its back on globalization.
America will
look resilient as the payroll tax deal averts a fiscal shock, but M3 money
growth has sputtered out and velocity is falling.
Europe will fall
into deep recession. The ECB has let M3 money contract, and fiscal
tightening will cause a credit crunch as banks shrink loan books by €1
trillion.
Germany must either immolate itself by accepting a debt
union and internal inflation to save the euro, or opt for fiscal sovereignty
and democracy by letting the euro die.
Economists: Bleak 2012
Financial Times
A large majority of economists polled by the FT think
the economic outlook will deteriorate in 2012. There is near unanimity that
the UK outlook would be much worse if the euro collapsed. Economists expect
that inflation rate would fall if a solution were found in the eurozone.
Goldman Bulls
Matt Taibbi
Goldman's Asset Management department head Jim
O'Neill says the United States stock market may go up "15 to 20 percent."
Apparently he believes the Fed will print more money: "If QE2 doesn't work,
then we'll get QE3."
Goldman is building an
impressive record of bullish predictions that later look more like signals
that investors should run away fast. When Goldman upgraded European bank
stocks a few weeks ago, the folks at Zero Hedge said:
Goldman has
started selling European bank stocks to its clients, whom it is telling to
buy European bank stocks. ... Our advice, as always, do what Goldman's flow
desk is doing as it begins to unload inventory of bank stocks. Translation:
run from European bank exposure.
Sure enough, Euro bank stocks
plummeted a few days after that ZH post.
AR
More Matt on Goldman here.
Leader Of The Free World?
Foreign
Policy
President Obama's willingness in 2009 to extend his
campaign timeline for withdrawal from Iraq and his initial stewardship of
the gains achieved by President Bush's 2007 surge created the opportunity
for a victory in the war on terror. As recent events indicate, that outcome
is no longer certain.
Similarly, in
Afghanistan, the president initially appeared intent on achieving a military
victory against the extremists that threaten Afghanistan's stability. His
2009 surge has produced gains, especially in the south. But the president
now seems more focused on winning reelection than winning the war.
Compounding these two failures in 2011 was the president's inability to
leverage the momentous developments of the Arab Spring. As people seeking
their freedom took to the streets in country after country, President Obama
stood by, letting others take the lead.
AR
Mitt's my man for 2012.
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Alex Rosenberg
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The Atheist's Guide To Reality
Alex
Rosenberg
1 There is no God. Reality is what physics says it is.
2
There is no purpose to anything, anywhere. Never was, never will be.
3
There is no meaning to life. I’m here because of dumb luck.
4 Prayer
doesn't work. 5 There is no such thing as a soul.
6 There is no free will.
7 When we die, everything stays the same
except without us. 8 There is no moral
difference between good and bad, right and wrong.
9 Love is a solution to a strategic coordination problem.
10
Rational choice theories are outrageously bad psychology.
Nice
Nihilism
Richard Marshall
Alex Rosenberg thinks that the natural sciences
are the best guide to what exists in the world and that its methods are the best
ways of extending our knowledge of what exists. He argues for a reductive physicalism:
everything is just bosons and fermions. The problem is how we can understand
ourselves as having free will and purpose.
The hard problem is to
give an account of meaning that is more than merely consistent with the laws
of physics. Rosenberg argues that physics and natural selection are more
than likely going to be the final word on how to understand reality. He
thinks purpose is an illusion. The same illusion that makes us think there's
a purpose in the universe governs our self-image as purposive and
meaningful. The purpose-driven life is an illusion. In reality there are no
statements of meaning. There is no propositional or sentential reality.
Nice nihilism implies that attributing meaning to our lives is an
illusion. Natural selection has ensured that everyone is within two standard
deviations of the mean of a fun life in the biosphere. We are naturally
selected to have fun, be nice to each other, and nurse illusions of free will and purpose.
AR This is a professor's view of reality, with
a surfeit of respect for the miphology of mathematics, informatics, and
physics (miph), which see reality through a cognitive lens. The logical
status of the posthuman miph is analogous to that of human folk illusions
(God, meaning, purpose, the self). With my post-Hegelian (set-theoretic)
logic, I unfold the analogy in my recent books.
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Religion for Atheists
A non-believer's guide to
the uses of religion
Alain de Botton
1 The supernatural claims of religion are of course
entirely false.
2 Religions still have important things to teach the
secular world.
3 We should look to religions for insights on how to
build a sense of community, make our relationships last, overcome feelings
of envy and inadequacy, and more.
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Europe: Tough 2012
Financial Times
European leaders warned 2012 was likely to be
tough. French president Nicolas Sarkozy said the gravest crisis Europe has
faced since the second world war is not over and German chancellor Angela
Merkel said next year will no doubt be more difficult than 2011.
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2012 January 2
Sheer Madness
The New York Times
Most European governments are
sticking to austerity plans, rejecting the Keynesian approach of economic
stimulus, in a bid to show investors they are serious about fiscal
discipline. "Every government in Europe with the exception of Germany is
bending over backwards to prove to the market that they won't hesitate to do
what it takes," said Charles Wyplosz, a professor of economics at the
Graduate Institute of Geneva. "We're going straight into a wall with this
kind of policy. It's sheer madness."
European End Times
John
Gray
Twenty-odd years ago, the end of the Soviet Union was
followed by massive conflicts and upheavals. Something similar seems to be
happening today. The European Union has long since acquired an unmistakably
utopian quality. Current efforts to renew the project are only
accelerating its demise.
The Soviet Union
suddenly melted down, and something similar could happen again. Many people
say they could not go on without the faith that the future can be
better than the past. But when we look to the future to give meaning to our
lives, we lose the meaning we can make for ourselves here and now.
AR John was always a
doom and gloom merchant but this may
be overdoing it.
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David Hockney
Queen
Elizabeth II has appointed Hockney to the Order of Merit,
where he joins a band of 24 including Baroness Thatcher and Sir Tim
Berners-Lee.
Hockney said that the magic of the landscape would
always thrill him: "I'm painting landscapes in Yorkshire because you can't
photograph them. The camera can't get the beauty — it just can't get the
space, the thrilling space that I'm in. No, it can't replace painting at
all."
Hockney in front of his painting Bigger
Trees Near Water
Photo by Sang Tan / AP
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2012 January 1
PHILOSOPHER is released —
Amazon will post it in a few days
The Optimism Bias
Tali Sharot
To think positively about our prospects, we must
first be able to imagine ourselves in the future. But conscious foresight
came with the awareness of mortality. Despair would have interfered with the
activities needed for survival. Conscious mental time travel could only have
arisen together with irrational optimism.
Using functional magnetic
resonance imaging, we recorded brain activity in volunteers as they imagined
specific events that might occur to them in the future. The volunteers
reported that their images of sought-after events were richer and more vivid
than those of unwanted events. This matched enhanced activity in two
critical regions of the brain: the amygdala and the rostral anterior
cingulate cortex. These regions show abnormal activity in depressed
individuals. People with severe depression tend to be pessimistically
biased.
Our brain is wired to place high value on the events we
encounter and put faith in its own decisions. Once you make a decision, you
will esteem and affirm it and stave off regrets. When you process good and
bad stuff about the future, your neurons faithfully encode the good stuff
but flub on the bad stuff.
AR I need the
bias to contemplate my book!
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BLOG 2011 |
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Photo by Germaine De Capuccini Irina Shayk recalls the
joy of saunas for those who don't winter
in the Caribbean
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2011 December 31
Mindful Reading
Tim Parks
What a strange art form writing is. There
is no image to contemplate. Only the sequence of signs matters. The writing
is in the sequence of the signs. This is the one thing we can't change. The
experience is the sequence. The experience is not in any one moment of
perception, but in the movement through the sequence from beginning to end.
We are locked into a journey.
Every self has a story. It exists in relation to other selves and
other stories. The self exists in a web of words spun out of the mind,
separate from the world of sense.
Writers telling their stories
exploit this state of affairs. Using thousands upon thousands of
signs, they mimic the way we are forever constructing our lives
and the lives of others, in words. This is why we get interested. We refer
every story that we read to ourselves, our lives, because the medium of
written narrative is intimately involved with the way we make up ourselves.
Learning how to take intense pleasure in reading makes it also
useful for us, really useful and really exciting. Enchantment is only part
of it. The opening sentences of a novel are an invitation to enter a
separate world of rhythm and sound, mental activity and social positioning.
However fast you like to read a book overall, make very sure you read
the opening page or two with care. The pleasure here is of
entering into enchantment slowly, consciously, with vigilance. You have
every right to put a book down after a couple of pages. Life is simply too
short for the wrong books, or even the right books at the wrong time.
There are two sources of pleasure that you suppose to be in competition
with each other. If you learn to blend them, they intensify each other. The
first is enchantment, but the second pleasure is awareness. We read with a
new awareness, watching how the spell is being cast. This
approach sets us up for the most wonderful and life-changing reading
experience of all: when we come to a book with suspicion, only to
discover that the writer has hooked us.
The excitement of reading is
the precarious one of being alive now, intensely mentally silently alive,
and reacting from moment to moment, in the most liquid and intimate sphere
of the mind, to someone else's elusive construction of the precarious
business of being alive now.
The Need To Read
Gail Rebuck
Psychologists from Washington University used brain
scans to see what happens inside our heads when we read stories. They found
that readers mentally simulate each new situation encountered in a
narrative. The brain weaves these situations together with its own
experiences to create a new mental synthesis in neural pathways.
The
discovery that our brains are changed by the experience of reading is
something many of us will understand instinctively, as we think back to the
way a good book had a transformative effect on us. This transformation only
takes place when we lose ourselves in a book, abandoning the chatter of the
outside world.
Reading is the foundation of all education and an
essential part of the knowledge economy. But more significant is its emotional role as the starting
point for individual voyages of personal development and pleasure. Books can
help create and reinforce our sense of self.
If reading were to
decline, it would change the nature of our species. If we were no longer
wired for solitary reflection and creative thought, we would be diminished.
But technology throws up solutions: the ability of new
devices to put an entire library in your hand is an amazing opportunity.
AR Reading is magic — hence my new book
PHILOSOPHER, out next week or
so.
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Photo by Sam Frost
Roger
Scruton in front of his pigsty
Green Philosophy
Jonathan Rée
Roger Scruton is a champion of traditional English
conservatism. In
Green Philosophy, he appeals to the idea of a moral economy. He signs
off his new book from Scrutopia.
More on Scruton
Goodbye Europe
David Aaronovitch
Judging by its newspapers and its politicians,
the people of Britain don't get Europe, don't like Europe, and don't want
Europe.
2012 should be the year when we start the process of applying
to join the United States of America. It should be a year of homecoming, of
rejoining, of putting back together what should never have been separated.
Like parents whose children have all gone to live in Australia,
sometimes it's best to cut your losses and follow them.
AR Yes, the time is ripe for this.
I
suggest we also bring in the former British Dominions of Canada, Australia,
New Zealand, and South Africa, revise a few state boundaries, revamp the
U.S. Constitution, clean up Washington, and call the new entity the United
States of the Anglogenic World.
We can all sing The Star-Spangled
Banner and wave an Old Glory with a hundred stars on it.


Higgs And Me
Lisa Randall
The excitement from Europe earlier this
month was palpable. Experiments had hinted at the discovery of the Higgs
boson. Named for the British physicist Peter Higgs, the particle — if it
exists — would tell us that the Higgs mechanism is correct. Higgs and his
colleagues theorized that space itself contains a sort of charge. Particles acquire mass through their interaction with the charge.
For
me, a physicist whose work for the past quarter century has focused on the
mysteries of matter, any clue about the Higgs boson would provide valuable
and long-awaited insight. For a moment I even believed the Higgs boson might
really have been found.
The Damage Done
Foreign Policy
In 2003, after the invasion of
Iraq, Brookings Institution researchers followed the progress of the war.
Ten metrics reveal the damage done and the current state of Iraq:
1
At least 4,487 U.S. soldiers died during the war and 32,226 U.S. troops were
seriously wounded in action. Most of the casualties were due to IEDs.
2 More than 115,000 Iraqi civilians died as a result of war, and over
10,000 Iraqi security force personnel have died since June 2003. Bombings
are still common.
3 The first free elections were held in 2005 but
led to political turmoil. In 2010, the second series of national elections
resulted in a government in crisis.
4 Prewar oil production was
around 2.5 million barrels per day. Current production is only marginally
more. Insurgents often attack oil infrastructure.
The British Civil Service
Sir Gus O'Donnell
The Civil Service is the smallest since the
Second World War. The initiative to do away with unnecessary regulations
is of critical importance. I believe successive governments have been far
too quick to solve problems with regulation and legislation. We must be more
creative and innovative in the way we solve problems. The more we can
innovate, the more we can ensure the Civil Service is an engine room for
growth. I would be proud of that legacy.
AR Sir Gus is Cabinet Secretary and head of the
Civil Service until the end of the year. He joined the Civil Service in
1979. I joined in 1977.
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2011 December 30
The Golden Future
The Times
Goldman Sachs says the relative fortunes of the UK will
improve sharply in the coming decades. The investment bank's latest
long-term forecasts show Britain leapfrogging Germany, France, and Japan in
terms of wealth by midcentury.
Goldman says only the United States
and Canada will have higher national income per head by 2050. In terms of
the overall size of the economy, China will be #1, followed by the United
States, India, and Euroland, with Britain as #10.
Goldman projects
more investment in the UK than in countries such as Germany. Thanks in part
to high immigration, Britain has a younger demographic profile and its
working-age population will rise more than in Germany or Japan.
AR Watch out, all you gullible Brits! You're
about to get sucked dry by the vampire squid squad!
Euroland
John Plender
Germany has emerged as the pre-eminent power in
Euroland. The German solution to the sovereign debt crisis is that other
eurozone members must accept fiscal orthodoxy and financial conservatism.
Debt is condemned as immoral. But there is a reciprocal relation between
debtors and creditors. No one can run persistent current account surpluses
without someone else running up deficits. There is a double standard here.
AR Indeed. Germans must recall that Adelheit
verpflichtet, or as they say on the Sceptred Isles, noblesse oblige, or as I
say, if you want the job you have to act the part.

KNCA Pyongyang: The son takes over, hopes of
"foolish political leaders in the world" are dashed, and military retaliation
is threatened for South Korea's "unpardonable sin" of dissing dad's funeral.
2011 December 29
Iran's Dangerous Game
Michael Adler
Both the United States and Europe are moving toward
new sanctions to cut off Iran's ability to sell its oil. Iran is warning
them about trying to cut off its oil exports, but closing the Strait of
Hormuz would backfire, as all its export oil ships via the strait.
The Israelis view an Iranian bomb as a threat to the existence of their
country, and the Americans see such a weapon as a massive regional threat to
the Middle East and beyond. The Israelis seem now to be convinced that the
United States is not just trying to calm them down from attacking but is
serious about preventing Iran from getting the bomb. Iran says it will not
bow to sanctions.
U.S. Defense Secretary Leon Panetta says the United
States will do what's needed to stop Iran from getting the bomb. President
Obama and his administration have already pointed to an attack if Iran
insists on developing nuclear weapons.
AR
We have a fight on our hands. Let's finish it and get the oil spike behind
us as soon as possible.
War With Iran
Trita Parsi
Iran warns that it will close the
Straits of Hormuz if an oil embargo is imposed. It has sent oil prices
soaring. Closing the Straits would choke off Iran's ability to export oil
and antagonize Russia and China, but makes oil prices rise due to the
increased risk premium. Higher oil prices are good for Iran but bad for the
United States and the European Union.
More aggressive measures will
likely be pursued by Iran in the next phase of this standoff with the West.
Such is the logic of pressure politics as both sides increasingly lose sight
of their original goals. As the conflict escalates, the psychological
cost of restraint rises, while further provocations appear increasingly
logical and justified. Soon the governments will no longer control the
dynamics.
Contrary to some perceptions, diplomacy has not been
exhausted. President Obama's room for diplomatic maneuver with Iran was
limited, and was quickly eaten up by pressure from all sides and by the
Iranian government itself in the fraudulent 2009 elections. By then, Obama's
entire Iran policy had become "a gamble on a single roll of the dice." It
would work either right away or not at all.
Diplomacy needs time,
patience, perseverance, and a clear under-standing that the cost of
abandoning diplomacy is greater than the cost of sustaining it, because of
the catastrophic repercussions of the military confrontation that will
follow collapsed talks. This might have escaped decision makers in
Washington and Tehran earlier but there should be no doubt now.
2011 December 28
2012 Economic Outlook
Zachary Karabell
In late 2011, every major indicator of economic
health in the United States showed marked improvement. American
manufacturing remains highly productive, but it employs far fewer people and
far more technology. The digital economy and social media will continue to
thrive in 2012. In a country of 300 million people, the number doing well
exceeds the number struggling by a considerable margin.
The American
economy has no problem funding its needs. Government debt has ballooned, but
very low interest rates mean that servicing the public debt costs less than
before. The financial system is still burdened by home foreclosures and a
bank credit squeeze, but that system is more stable and sober than in many
years. And the financial industry is slowly contracting and becoming less
profitable.
Americans are facing a competitive global environment
fueled by China. We have the means to address unemployment by creating work
programs and educational initiatives. We have the means to invest in the
future, spend on applied and abstract research, and use the financial and
natural resources we have more efficiently. We are not in desperate economic
times.
The F-35 Mess
Walter Pincus
The Lockheed Martin F-35 Lightning II Joint Strike
Fighter will be the most advanced fighter-bomber in U.S. history, and at
about $385 billion so far the most costly U.S. weapons program ever. The
plane has the most sophisticated stealth technology and the most complex
mission software ever planned for an airplane.
Two weeks ago in the
Senate, John McCain described the F-35 fighter program as "a mess." The cost
of each plane has almost doubled to $133 million, testing is only one fifth
complete but more than 90 planes have already been bought, the software
won't be ready for another four years, and yet the Pentagon had "sold this
program as a fifth-generation strike fighter that would — more so than any
other major defense procurement program — be cost-effectively developed,
procured, operated and supported."
The original plan was to build
3,000 F-35s to replace the fighter-bombers in each of the three services and
also be sold to foreign allies. For the Air Force, the conventional takeoff
and landing F-35A would replace the F-16 and the A-10 and add to the stealth F-22A. The Navy's version, the F-35C, was to fly from carriers and
complement the F-18E/F Super Hornet. The Marines wanted the F-35B, a short
takeoff and vertical landing version, to replace the F/A-18C/D and AV-8B
Harrier aircraft.
Changes from 1986 to 2006, such as the end of the
cold war, cut the original F-22 Raptor plan by almost half. We should expect
more changes, such as the introduction of unmanned aircraft, to affect the
F-35 plans between now and 2031.
AR Don't
scrap the F-35B — that's the one with Harrier technology. But do give
Lockheed Martin a hard time for cost overruns.
2011 December 27

bnps.co.uk Astronomers worldwide watched Comet Lovejoy as it passed
within 140 000 km of the surface of the Sun last week. Amateur stargazer
Alex Cherney used a simple digital camera with a long exposure to make this
image at Cape Schanck, Victoria, Australia.
2011 Christmas Day

HR AR Thanks, Ma!
2011 December 24

Simon Dale
The
Hobbit House Built for less than $5K, plus over a thousand hours of
hard but creative work, for sustainable living in a natural environment.
AR My Christmas tradition:
Dec 24 — watch Lord of the Rings I
Dec 25 — watch Lord of the Rings II
Dec 26 — watch Lord of the Rings III
2011 December 23

L to R: Hitchens, Dennett, Dawkins, Harris
Richard
Dawkins, Daniel Dennett, Sam Harris, and Christopher Hitchens come together
for the last judgment in the Christmas [sic] issue of the
New Statesman:
Richard Dawkins: Modern society
requires and deserves a truly secular state, by which I do not mean state
atheism, but state neutrality in all matters pertaining to religion: the
recognition that faith is personal and no business of the state.
Daniel Dennett: Societies are complex in more ways than
colonies of bacteria are. What does shine through is a principle of good
design. Darwin showed us that the secret of life is the differential
reproduction of effective designs for fending off dissolution.
Sam Harris: Free will doesn't even correspond to any
subjective fact about us, for introspection soon grows as hostile to the
idea as the equations of physics have. Apparent acts of volition merely
arise, spontaneously (...), and cannot be traced to a point of origin in the
stream of consciousness.
Christopher Hitchens: I
became a journalist because one didn't have to specialize. I remember once
going to an evening with Umberto Eco talking to Susan Sontag and the
definition of the word "polymath" came up. ... I retain what's interesting
to me, but I don't have a lot of strategic depth.
UK Breakup
Mary Dejevsky
Scotland's First Minister, Alex Salmond, is
committed to holding a referendum on independence in the next three years.
The response of all three major British parties so far has been to reaffirm
their support for the Union. Maybe a majority of Scottish voters will vote
No, or will prefer an economic separation within the Union.
The Scottish
Nationalist Party gained an absolute majority at the Scottish Parliament in
Holyrood this year. Over the past 15 years, Scotland has become ever more
distinct from the rest of Great Britain. On all sorts of policies it is
spinning off at high speed in pursuit of something that looks like the
Nordic model.
Alex Salmond was abrasively against David Cameron's
veto in Brussels. Membership of the European Union has made devolution, and
even independence for Scotland, less risky. An independent Scotland might
even join the euro. Several recent breakups in Europe have been peaceful and
left all parties satisfied.
2011 December 22
Gingrich On Shariah
The New York Times
"I believe Shariah is a mortal threat to the
survival of freedom in the United States and in the world as we know it." Newt Gingrich, July 2010
Gingrich was airing
a thesis in vogue with conservative thinkers but rejected by many American
Muslims. The antisharians say radical Islamists are working to impose
Shariah in a stealth jihad.
Obama administration officials decline to
label terrorism carried out in the name of militant Islam as Islamic or
jihadist. They say such labels can imply religious justification for a
distortion of doctrine that most Muslims abhor.
Gingrich: "The
left's refusal to tell the truth about the Islamist threat is a natural
parallel to the 70-year pattern of left-wing intellectuals refusing to tell
the truth about communism and the Soviet Union."
Shariah is the law
of Allah, as derived from the Koran and the example of the Prophet. It has
far wider application than secular law but is subject to interpretation by
religious authorities.
American University in Washington chairman of
Islamic studies Akbar Ahmed says the notion of a threat from Shariah to the
United States "takes your breath away, it's so absurd."
"We're not going to have
Shariah law applied in U.S. courts. That's never going to happen." Mitt
Romney, June 2011
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War With Iran
The Times
Iranian VP Mohammad Reza Rahimi: "If
sanctions are adopted against Iranian oil, not a drop of oil will pass
through the Strait of Hormuz."
A spokesman for the U.S. Fifth Fleet:
"The free flow of goods and services through the Strait of Hormuz is vital
to regional and global prosperity. Anyone who threatens to disrupt freedom
of navigation in an international strait is clearly outside the community of
nations; any disruption will not be tolerated."
A spokesman for EU
foreign affairs chief Baroness Ashton of Upholland: "The EU is considering
another set of sanctions against Iran and we continue to do that."


Higgs And Us
Martin Rees
One nanosecond after the big bang, every
particle in the universe carried as much energy as can be generated by the
Large Hadron Collider. But to confront the overwhelming mystery of what
banged and why it banged, Einstein's theory isn't enough. A complete
understanding of all the particles and forces in the universe would be the
summit of an intellectual quest that began with the Greeks.
Most educated people still somehow
think that humans are the culmination of the evolutionary tree. That hardly
seems credible to astronomers. Post-human evolution could be far more rapid
than in the past, driven by technology rather than natural selection.
5 The Iraqi electricity supply is inadequate. Power disruptions are
common and complaints rampant. Iraq hopes to be self-sufficient for
electricity by 2014.
6 Today, Iraq has more than 22 million
phone subscribers and about 2 million people online. Satellite television
has had a massive impact.
7 Over two-thirds of the population can
now access drinkable water, but most still lack modern sanitation. Iraq's
GDP has expanded fivefold since 2003.
8 More than 1
million U.S. troops served in Iraq. When the U.S. combat mission ended in
August 2010, Iraqi forces on duty numbered 670,000.
9 Millions of
Iraqis were displaced and an additional 2 million left the country. Many
Iraqis who returned regret coming back.
10 A majority of Iraqis
now think the country is headed in the wrong direction.
A New Europe
Gérard Errera
The recent Brussels meeting portends a new Europe.
The Franco-German proposals on the debt crisis and Europe's economic
governance were the result of hard negotiation. Germany now defends the
right to have national interests and French elites realize that Europe can
no longer be a mere extension of French ideas and interests. Franco-German
cooperation will not be sufficient to lead the new Europe, but Cameron cast
a veto against British influence in European affairs.
AR Gérard Errera is a former French ambassador
to the UK.
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British troops yomping toward Port Stanley, Falkland
Islands, June 1982
Argie-Bargie Again 30 Years On?
Britain
dusts off war plans after Argentina joins forces with Brazil and Uruguay to
blockade the Falkland Islands. |

Daily Mail British war plans: How about a
peace plan? |
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Let The City Whinge
Vince Cable
David Cameron's veto exposes two views of the City
of London:
1 It is a vital national interest, a unique network of
innovators and workaholics who generate revenue for the UK.
2 It is a
source of systemic instability, unfettered greed, and industrial-scale tax
dodging.
Europhobes go for 1, Europhiles for 2.
Both
caricatures are true. A great deal of the European drive to tax and regulate
the City is prompted by protectionism. And much of the City's flag-waving
disguises special pleading on behalf of banks that have caused immense
damage to Britain's productive economy.
The British financial
services sector accounts for around 8% of GDP and employs around a million
people. But most of this is largely untouched by the threatened EU
regulation. Within the City itself there is a complex ecology, much of it
uncontroversial.
(continued)
Consciousness and Complexity
Christof Koch Scientific American
August 2009
University of Wisconsin-Madison neuroscientist Giulio
Tononi has an "integrated information" theory (IIT) of consciousness, based
on two axioms:
1 Conscious states are differentiated and
informationally rich. Think of all the frames from all the movies you have
ever seen. Each frame, each view, is a specific conscious percept.
2 This information is highly integrated. Underlying this unity of
consciousness is a multitude of causal interactions among the relevant parts
of your brain. If areas of the brain start to disconnect or fragment,
consciousness fades and might cease.
Britain Distrusts Germany
Spiegel Online
British distrust of the
European Union goes with distrust of Germany. The Daily Mail headline
"Welcome to the Fourth Reich" shows how Eurosceptics see the German-French
plans to rescue the monetary union as the economic colonization of Europe by
the Germans. The continuing obsession with Nazis in Britain stifles almost
all interest in Germany.
For the British, the fact that the Germans still produce
and export goods is a reminder of their own days as major exporters
during the Victorian age. The British financial sector is not a source of
national pride. There is a growing hostility toward Germany.
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2011 December 21
Havel And Orwell
John Kay
Václav Havel described a greengrocer
with a placard in his window saying: "Workers of the World Unite!" The
shopkeeper was not expressing his enthusiasm for such unity. And the leaders of the system had no desire
to unite the workers of the world. The sign was there to signal conformity
and avoid trouble. Havel translates the slogan as: "I am afraid and
therefore unquestioningly obedient."
George Orwell identified the
corrupting influence of discourse based on the repetition of pre-packaged
phrases. The vacuous rhetoric traps the leaders as well as the led. Havel:
"Both are objects in a system of control, but at the same time they are its
subjects." Orwell insisted that the meaning should choose the word, and not
the other way about. For Havel, the issue was the rehabilitation of human
values.
Havel Right, Hitch Wrong
Daniel Finkelstein
Václav Havel said
communism relied on the telling of lies, one citizen to another. In the
Stalin years, my grandmother worked on a collective farm in Siberia. Her story corroborates his view.
Christopher Hitchens
always told you what he thought. He saw with great clarity that Islamism was
a totalitarian doctrine and its demands non-negotiable. He argued that
freedom, democracy and respect for human life should be universal and that
those who offended against them must never be allowed to succeed when
offering a cultural or historical excuse.
Hitchens was a Trotskyist
for much of his life. Trotskyists advocate permanent revolution to destroy
the bourgeois class and its values, upon which liberalism depends. Whereas
liberal societies that respect individuals and human rights are built on
property rights, the rule of law, the suburbs and the middle class,
religious faith, marriage and family, the work ethic, social convention and
tradition, ancient seats of learning, respect for older people.
My
grandmother had a saying: "While the Queen is safe in Buckingham Palace, I'm
safe in Hendon Central." I was never sure that Christopher Hitchens could
see that.
RG (comment 2011-12-20-23-55) I think Hitchens clearly disavowed inflexible thinking,
leader worship and totalitarianism in his later thinking and writing and
became a truly independent thinker who recognized that freedom depends on
stable, friendly, and predictable institutions that are subject to the rule
of law.
AR Trots were and are extremists. It was and is the extremism
that appeals to a certain kind of person. Hitch was in a cult named after a
minister of war in a rebel regime, then late in life he rebelled against his
former self and became an apologist for a war of invasion led by a
born-again president (Bush 43) that ruined America. I think Finkelstein is
right to have his doubts. His grandmother and our queen represent a kinder
social order.
Alan Lightman
laments the contingency of the anthropic multiverse
2011 December 20
Anesthesia
MIT Technology Review
General anesthesia is a
drug-induced reversible coma, says Emery Brown, an anesthesiologist at
Massachusetts General Hospital (MGH). But what happens in the brain during
general anesthesia is a mystery. Brown, who is also a neuroscientist and
professor at MIT, aims to use anesthesia as an instrument for studying basic
questions about the brain. He heads a research laboratory focused on
developing signal-processing algorithms to extract information from
electroencephalogram (EEG) data for anesthetized patients.
Brown is
impressed by how quickly and completely drugs like propofol can alter brain
activity. As patients enter an anesthetized state, the normal pattern of
low-intensity but high-frequency waves shifts to one of less frequent but
more intense pulses, as if the constant chatter of the brain had given way
to a chant. The location of activity shifts from the back of the brain to
the front. Some drugs decrease the frequency of brain waves seen in EEG
readings, resulting in slow, regular oscillating waves across large areas of
the brain. Other drugs cause certain areas to show fast, regular
oscillations. Either way, the different parts of the brain can't
communicate.
Other EEG studies suggest that anesthesia doesn't shut
the brain down but interferes with its internal communication. It interrupts
feedback between the front and back of the brain, disconnecting different
brain networks. Both EEG and functional magnetic resonance imaging (fMRI)
show response to light and sounds, but somehow that sensory information is
never processed and integrated into conscious awareness. The studies cast
doubt on a theory that links consciousness to brain waves with frequencies
around 40 hertz. These waves can exist even when patients are unconscious.
The patterns anesthesiologists see support the theory that consciousness
emerges from the integration of information across large networks in the
brain.
Devalue The Euro
Martin Feldstein
The large current account deficits of Italy,
Spain, and France can be reduced without lowering their incomes or requiring
Germany to increase domestic demand. The key is to expand the net exports of
those trade deficit countries to the world outside the eurozone.
Politicians wanted the euro as a means of accelerating
political integration. They believed that the single currency would somehow
cause productivity trends to converge. But productivity in Germany rose much
faster than it did in Italy, Spain, and France. Germany also placed limits
on wage growth. Now Germany has a current account surplus and the rest have
deficits.
German officials and the ECB argue that the trade deficit
countries need to cut wages and prices to make their products competitive.
This could require a 30% wage cut, slower wage growth, a decade or more of
high unemployment, and declining GDP.
The current account deficits of
Italy, Spain, and France can shrink without austerity, internal
devaluations, or German expansionary policies if the euro is devalued. To
eliminate existing current account deficits, the trade-weighted value of the
euro might have to fall by 20%.
AR
Devaluing the euro raises German costs but increases export competitiveness,
so this idea has wings.
2011 December 19
Vaclav Havel
(1936—2011)
Former Czech President Václav Havel opposed the
Communist government in Czechslovakia before emerging as a leader of the
Velvet Revolution that swept it aside in 1989.
The playwright turned
political activist came to prominence as co-author of the Charter 77
declaration in protest at the arrest of a rock band. He remained active in
anti-Communist causes from Cuba to China until his death.
Havel was
unanimously elected President of Czechoslovakia by the last Communist
parliament in 1989. He resigned after national politicians agreed to divide
the country in two in 1992, but went on to be twice elected President of the
Czech Republic.
Charter 77 co-signatory Martin Palouš: "Havel was the
man who was able to stage this miracle play. The sacrifice was to cast
himself in the main role."
Vaclav Havel
Havel not only opposed the Communist regime, he articulated a theory of
opposition. In his essay
The Power of the Powerless, he asked the inhabitants of totalitarian
countries to "live in truth" by going about their daily lives as if the
regime did not exist, and by founding small institutions that would prevent
them from being totally controlled from above. He practiced what he preached
not only before the fall of communism but also afterward. He became an
establishment politician and recreated the Czech presidency.
Anne Applebaum
In October 2001, Jürgen Habermas started talking about religion
|
(continued)
After 2008 no sensible government (and few bankers) deny the need for
regulation. EU financial market rules are necessary since the single market
must apply to finances. The EU proposals cover areas in need of reform but
also include more damaging ideas. All these issues could be negotiated in a
calm environment.
The proposed EU transaction tax
is a technically challenging proposal wrapped up on the EU side as a high
ideal. But it is in reality a cynical raid on UK financial services to fund
the EU budget. It is not a serious threat to the City since taxes are
governed by unanimity. There is scope for taxing banks in other ways.
The issue of EU financial services regulation is a sideshow compared to
averting a catastrophic outcome to the eurozone crisis and a deep European
slump. And in the UK we need to ignore City whingeing and concentrate on
achieving growth by rebalancing the UK economy.
AR
Vince Cable is the UK Business Secretary and a Liberal Democrat.
AR I talked with Christof Koch and Giulio Tononi at
ASSC XIII, Berlin, 2009.
My photonic theory of consciousness looks at the physics of decahertz
brainwaves:
1 Brainwaves form resonances, extended quantum
entangle-ments, and superposed states.
2 These states stretch from
classical (past) brain states to virtual (future) states and hence define
"now" states whose durations of order 100 ms suggest realization in quantum
states of decahertz waves (e.g. 40 Hz photons).
In
Mindworlds I look at
phenomenal consciousness, not complexity. The IIT is good for
cognition, the waking state, and anesthesia studies, but it doesn't tackle
the hard problem. My theory does.
A German In London
The Times
German Foreign Minister Guido Westerwelle said on a
visit to British Foreign Secretary William Hague in London: "My main message
is for the British people — you can count on us and we can count on you." He
recalled his childhood in postwar Germany to expound the ideals behind the
EU and insist that all its members had to move forward together.
Dr Westerwelle
urged Britain to act in unison with the EU, which was "not only
the answer to the darkest chapter of our history but also a life insurance
in times of globalization because no country is strong and big enough to
face the challenges of globalization alone."
|
|
North Korea
With Kim Jong Il gone, his son Kim Jong Un will likely take over. A letter from the NK Workers' Party called him
"the great successor". Pyongyang urged increased NK military
capability.
South Korean President Lee Myung-bak cleared his
schedule and put the SK military on "emergency alert" to monitor NK
troop movements and tighten security measures at sea.
Following the Korean War in 1950, NK and SK never formally signed a peace
treaty and remain technically at war, separated by a tense DMZ.
|

DPA North Korean missile tests,
January 2009
|
Korean War
The Korean War between SK and NK was a result
of the division of Korea by the Allies in 1945, when US troops occupied SK
and Soviet troops occupied NK.
NK invaded SK in June 1950. UN and US
forces were pushed back, then pushed up almost to
China. The PRC went to war beside NK and pushed UN forces back south. The
USSR supplied both NK and PRC forces. Hostilities ended in July 1953 with an
armistice that restored the border near the 38th Parallel and
created a DMZ between NK and SK.
Total killed: 3-4 million
|
|

Lockheed Martin Raptors
Wired
On November 10, 2010, a USAF F-22 Raptor crashed in Alaska, killing its pilot. The Raptor fleet was grounded while the problem was investigated.
The official crash report cites mid-flight failure of the on-board
oxygen generating system (OBOGS). Many Raptor pilots have experienced air
shortages and blamed the OBOGS.
This is only the latest in a series of problems with the
Raptor. Lockheed Martin recently rolled out the 196th and final F-22 after
14 years of production. Each Raptor cost the taxpayer $377 million.
Entente Glaciale
The Times
London is the seventh-largest French city. It is also,
after Paris, the city with the best-educated French population. It is time
to set aside the gibes and name-calling in the search for a solution.
Clegg Fraps Fillon
The Times
The basic difference, you should know, Between GB and poor Sarko Is this, that
we have got The printing press And they have not!
UK To Observe EU Talks
Financial Times
The UK is invited to participate in negotiations
on a new European treaty to govern eurozone economies. The invitation will
allow London to check whether EU institutions will be used to monitor and
enforce the new pact. The move is the first EU opening to the UK since the
Cameron veto.
India And China
Financial Times
India: Emerging market
economies are beginning to "falter"
Indian finance minister Pranab
Mukherjee said India must turn its attention to "reviving
growth as quickly as possible".
China: The global outlook is
"extremely grim and complicated"
The Communist Party of China
agreed to focus on maintaining fast growth amid the worsening outlook.
The Eurocrash
Wolfgang Münchau
A eurocrash is all
but
inevitable. When the euro will collapse is hard to say, but that it will is
easy. National interest takes precedence. No one wanted the first world war,
but it happened anyway. We have north against south, east against west, the
British against everyone.
A plausible scenario is that we take a
while to work out the legal basis of a new treaty, fight for a while over
the details, and next summer, if all goes well, get a new stability pact.
But the IMF and the OECD forecast a collapse of the world economy in 2012.
Europeans cannot just export more to the rest of the world. And if Europe
cannot earn a surplus on its current account, the whole adjustment takes
place within the eurozone and the south sinks into deep depression. This is
the outcome of forcing austerity on a weak economy.
To avert
disaster, a lot of very improbable things must happen very quickly. This is
not realistic. What we need to solve the crisis is way beyond what is
politically and legally possible. So the euro is in danger. We just don't
know how long we have before the crash.
|
2011 December 18
Europolitics
Kathleen R. McNamara
Europe is suffering from a
political crisis. Almost all the EU countries under attack by financial
markets are basically strong and productive. Yet the fiscal orthodoxy agreed
to at the Brussels summit is only likely to hasten the demise of the euro.
European polities under stress need to grow their way out of debt. EU
leaders need to commit to a true political and fiscal union.
Debt and
deficit figures diverge widely across the European Union, yet debt levels do
not scale with the amount bond markets charge sovereign borrowers in Europe.
Arguing that Europeans need to live within their means is nonsense in a
world where there is flexibility in how markets perceive what appropriate
debt levels mean.
European countries are not too economically
divergent to be in a currency union. Currencies are determined by politics,
not convergent economic zones. From a purely economic standpoint, the United
States should not have a single currency. It survives because it has a true
fiscal and political union.
The Eurosummit
agreement is a rehash of the Stability and Growth Pact, which Germany and
France both violated to boost their economies. Merkel and Sarkozy must
recognize the need to pool sovereignty by agreeing to a Eurobond and true
fiscal union.
AR Europeans are working on
it, but you can't just unite by fiat. It comes as a response to a shared
sense of crisis.
War Is Going Out Of Style
Joshua S. Goldstein and Steven Pinker
The invasion of Iraq may
have been the last war between two national armies. World War III was
canceled and the Korean War was the last war between great powers.
Overall, the annual rate of battle deaths
worldwide has fallen from almost 300 per 100,000 of world population during
World War II, to almost 30 during Korea, to the low teens during Vietnam, to
single digits in the late 1970s and 1980s, to fewer than 1 since 2000.
Atrocities against civilians are on a smaller scale too. During World
War II, in response to enemy atrocities, Allied forces repeatedly and
deliberately firebombed Axis cities, incinerating tens of thousands of
civilians in a night. Now we are repelled by war.
AR The years 1815 to 1914 seemed peaceful too.
Until the Mideast is sorted out, I prefer to hold back from agreeing with
Pinker here.
Is Higgs The End?
John Horgan
Discovering the Higgs would be a modest achievement
relative to the grand ambitions of theoretical physics. The Higgs would
serve merely as the capstone of the Standard Model. But the model is
incomplete anyway.
The dream of a theory of everything will
never be entirely abandoned. But fewer smart young physicists will be
attracted to an endeavor that has vanishingly little hope of an empirical
payoff. The quest for a unified theory will come to be seen not as a branch
of science but as a kind of mathematical theology.
AR This is too pessimistic. Supersymmetry is
both interesting and scientific. Gravity wave detectors and other new
experimental rigs will push out the envelope for as long as the money holds
out.
2011 December 17
On Faith
Matthew Parris
British PM Benjamin Disraeli in his novel
Endymion: "Sensible men are all of the same religion." "And pray what
is that?" "Sensible men never tell."
British PM David Cameron:
"The knowledge that God created man in his own image was, if you like, a
game changer for the cause of human dignity and equality ... When each and
every individual is related to a power above all of us, and when every human
being is of equal and infinite importance, created in the very image of God,
we get the irrepressible foundation for equality and human rights."
MP: "Religions do not create altruism or fellow
feeling, they direct these instincts. Morality born of a humanist impulse to
love and care for others is a higher and purer ethic than Christianity and
Islam's reliance on celestial rewards and hellish punishments. But for many,
and for all practical purposes, faith can and does act to reinforce
morality, both public and private."
Cameron To Archbishop:
Speak Up For Christianity
Daily Mail
David Cameron last night called on the
Archbishop of Canterbury Rowan Williams to lead a return to the "moral
code" of the Bible. Cameron accused Williams of failing to speak "to the
whole nation" when he criticized Government austerity policies. Cameron declared Britain "a Christian
country" and said politicians and churchmen should not be afraid to say so.
AR
In my opinion, being a Christian is a political choice.
Pubic hair in America (adult content)
2011 December 16

PR
Ian McEwan,
Christopher Hitchens,
Martin Amis
Christopher Hitchens
1949—2011
"The next morning, at Christopher's request, Alexander and I set up a desk
for him under a window. We helped him and his pole with its feed-lines
across the room, arranged pillows on his chair, adjusted the height of his
laptop. Talking and dozing were all very well, but Christopher had only a
few days to produce 3,000 words on Ian Ker's biography of Chesterton.
Whenever people talk of Christopher's journalism, I will always think of
this moment."
Ian McEwan
Nuke Spy Drones
Wired
Stealthy drones
like the RQ-170 Sentinel that crashed in Iran are very good at loitering
over a target of interest for hours on end. Unnamed military sources confirmed
that the RQ-170 was conducting nuclear surveillance over Iran.
2011 December 15
PHILOSOPHER
Last read
and final corrections completed Text and cover files delivered to
publisher Estimated publication date January 2012
AR This is a historic milestone for me.
Europe Needs A Firewall
John Paulson
The European banking sector is exposed to a
sovereign credit crisis. I suggest the ECB consider a sovereign debt
guarantee program as a firewall. The program would
immediately calm the credit markets. In return for a 1% annual guarantee
fee, and compliance with the ECB and/or IMF on implementation of structural
reform programs, Italy and Spain would be able to refinance all maturing
debt with an ECB guarantee. The program would be open for two years for
maturities of up to 10 years. The firewall is needed now.
Eurozone Fiscal Union
Financial Times
Angela Merkel says member states of the eurozone
have set themselves on an "irreversible course toward a fiscal union" to
underpin their common currency. "We are not just talking about a fiscal and
stability union. We have begun to create one." She expressed "great regret"
at the British veto but said a new treaty for "at least" the 17 eurozone
members was a big step forward.
SDP leader
Frank-Walter Steinmeier said "this is no breakthrough to more Europe" and
the isolation of Britain is "no cause for joy". Before the summit Europe
faced a debt crisis. "After the summit, we have a real constitutional
crisis. This estrangement process between Britain and Europe will not end."
Top Germans Like Merkel
Spiegel Online
A new survey of 500 German leaders finds that
about 70% see Angela Merkel as a strong
chancellor who is managing the crisis well and successfully promoting German
interests at the EU level:
78% support an economic and fiscal union
21% support the introduction of eurobonds
13% want the ECB to purchase all eurozone government bonds
74% of those in business are concerned about the euro
42% of those in politics are concerned about the euro
90% believe austerity is the right policy for indebted countries
95% like the joint Merkozy leadership of in the eurozone
92% think floating eurozone government bonds will get harder
11% think the eurozone will break up
A clear majority of the managers would
like to see the return of the grand coalition that brought together the
Christian Democrats and the SDP from 2005 to 2009.
2011 December 14
Not Worth A Fig
Anatole Kaletsky
The Franco-German fiscal compact is no more
comprehensive or final than all the previous failed summit deals. Problems:
1 Finance: A fiscal union
of the kind required to save the euro requires strong central control over
national budgets. The Germans want this but the Club Med countries resist.
But a fiscal union also needs to create collective responsibility for
sovereign debts and bank solvency in all the member countries. The Club Med
countries need this but Germany resists.
2
Politics: The proposed treaty can only exacerbate the tensions and
uncertainties threatening eurozone cohesion. The agreement will not even be
worth the paper it is written on until after the French election next May.
3 Economics: A fiscal compact would
aggravate the economic nightmares of unemployment and stagnation in southern
Europe. It is arithmetically impossible for the entire eurozone to deflate
its way out of a debt crisis.
A Disastrous Failure
Martin Wolf
The UK veto took attention away from the failure of
eurozone leaders to devise a credible remedy for the ills of the currency
union. Germany and France have agreed to build a "stability and growth
union" with more fiscal discipline. Problems:
1
The eurozone heads of government state that budgets shall be legally
required to be balanced or in surplus and that an automatic correction
mechanism be triggered by a deficit. A body of unelected bureaucrats would
impose sanctions on elected governments. This is a constitutional
monstrosity.
2 It is also an economic
monstrosity. The balance of payments between eurozone members has to add up
to zero, by definition. It is hard to eliminate structural fiscal deficits
without prolonged recessions or big improvements in external
competitiveness.
3 The single currency
will come to stand for wage falls, debt deflation, and prolonged economic
slumps. The eurozone has no credible plan apart from austerity.
AR Two damning verdicts. What's the truth?
|

Principles of Biology
An Interactive Textbook By Nature Education
Principles of Biology consists of
200 university-level modules collectively covering chemistry, genetics, cell
biology, animal physiology, plant physiology, and ecology.
Each
learning module is self-contained experience, combining textual instruction,
figures, simulations, exercises, and
tests. Accessible from a wide range of platforms at
$49 per student.
Anglo-German Split
Financial Times
The German chancellor was determined to form a
fiscal union. But treaty change was a big political problem for the UK prime
minister.
Merkel found British politics "incomprehensible" but
said she would look for "sweeteners" to seal a deal in
Brussels. Cameron: "What about France?" Merkel: "Nicolas will agree."
A British gamble was
born. Downing Street thought the German "G1 in the eurozone" would prevail.
Spoils of Iraq War
Financial Times
After almost nine years, a trillion dollars
spent, and thousands of American lives lost, the United States is
withdrawing from Iraq, leaving the spoils to others. Turkey, Iran, China,
South Korea, and Arab states have already invested billions in Iraq, far
outpacing the US and UK in every non-oil sector.
Heavyweight
The Daily Beast
Former Delaware Senate candidate and
Tea Party favorite Christine O'Donnell endorsed Mitt Romney for president.
She cited his executive experience: "I trust him to do the right thing."
On
his flip-flopping: "He's been consistent since he changed his mind."
Jews and Jesus
Reflections on the Doctrine of the Twelve Apostles and the Epistle of
Barnabas

Credit: Mario Sorrenti
Pirelli Calendar
2012
Saskia de Brauw
demonstrates the posture to adopt when the euro tsunami hits us.
|
|

Stratolaunch Microsoft
co-founder Paul Allen unveils his new company
Stratolaunch with plans for a
commercial spaceship. The spaceship will be launched at a height of 10 km
from a carrier aircraft with six 747 engines and a wingspan of 117 m. The
spaceship is being designed by Burt Rutan and the spaceship and booster will
be built by SpaceX. |
|
Clegg Versus Cameron
Financial Times
British deputy PM Nick Clegg
refused to sit alongside David Cameron in the House of Commons as the PM
defended his veto. Liberal Dem leader Clegg said the veto was bad for
British business and would leave the UK isolated. But Tory MPs cheered the
PM and claimed he had shown "bulldog spirit".
Cameron's veto is
causing anger across Europe. Britain also refuses to take part in an urgent
€200 billion funding boost for the IMF to tackle the crisis.
Cameron
promised an "open mind" on whether the new euro-plus group could use EU
institutions like the European Court of Justice and European Commission.
|
2011 December 13
Hint of Higgs at 125 GeV
New Scientist
The
Large Hadron Collider may have seen the Higgs
boson at a mass of about 125 GeV. Both of the main detectors, ATLAS and CMS,
have found hints of Higgs. The standard model firmly predicted the Higgs
boson.
Today, CERN presented results from
trillions of collisions in the last year.
ATLAS saw a hint of the Higgs at
126 GeV with a statistical significance of 2.3 sigma.
CMS saw one at 124 GeV
with a significance of 1.9 sigma. A discovery is defined as a 5 sigma
signal, for less than 1 in a million chance of a fluke.
Theorists are
relieved. The observed masses of the W and Z bosons imply a Higgs mass
between about 115 and 130 GeV. A Higgs at 125 GeV or so "is just what the
doctor ordered," says Nobel laureate
Frank Wilczek.
Higgs Boson Podcast
Alok Jha
Today the European particle physics laboratory CERN
holds a seminar on the latest results in the search for the Higgs boson. Guardian
science correspondents Ian Sample and Alok Jha quiz UK ATLAS team lead
Professor
Jon Butterworth:
Podcast (34:19, 33 MB)
End of an Era
Marco Evers
The UK will soon have less influence and more
adversaries in Europe. Since joining the European project in 1973, the
British have annoyed Europeans with their constant demands for special
treatment and rebates and their blocking tactics. They have backed the
internal market but sabotaged a common foreign policy and recoiled from a
European constitution.
Cameron's veto
marks the beginning of the end of Britain's days as a member of the EU.
Britain will then be proud and free. It was no surprise. Cameron had already
announced what he would do if his EU partners refused to back off from
taxing financial transactions.
Cameron is a eurosceptic. He was held
back by his Liberal Democrat coalition partners but his own party pushed him
into confrontation. The Tories are campaigning against the European project
more ferociously than they did in the days of Margaret Thatcher. Many people
in the UK view the EU as another USSR.
AR EUSSR was big in the
Berwick manifesto.
|
Cameron Woos Clegg
The Times
David Cameron is preparing to give
ground to Nick Clegg over Europe. Deputy PM Clegg said he and Cameron
"clearly do not agree".
Cameron: "Our membership of the EU is vital
to our national interest. ... I believe in an EU with the flexibility of a
network, not the rigidity of a bloc."
Labour leader Ed Miliband
said the outcome was "bad for business, bad for jobs, bad for Britain". It
was not a veto "when the thing you wanted to stop goes ahead without you",
he said. "That's called losing."
Clegg: "There are many issues in the
coalition where the parties differ."
|

Joe Raedle/Getty Images |
Iraq
The New
York Times
Polls show Americans approve of the U.S. Army
withdrawal from Iraq by a ratio of three to one. A NATO training mission
had hoped to remain longer but could not agree with authorities in Baghdad
in "robust negotiations conducted over several weeks."
Iraq
Foreign Policy
<< A U.S. Army soldier from the 1st Cavalry Division, at Camp Virginia, near
Kuwait City, after arriving from Camp Adder, Iraq. All U.S. troops will be
out of Iraq by the end of the year.
AR If that's the sort of
armor we need there, we're better off out.
|
|
Franglospat
The Times
Two European leaders basked in praise over the weekend.
In Britain, David Cameron enjoyed accolades from some quarters for his
bulldog triumph against the new fiscal regime for the eurozone. Across the
Channel, Nicolas Sarkozy was admired for kicking the troublesome Perfide
Albion from Europe's high table.
Catastrophic
Decision
Jonathan Powell
The government has made the catastrophic decision
to opt out of a treaty that will shape Europe over the next several decades.
Britain will be excluded from all decision-making
on the key economic policies of Europe. How long are the other 26 likely to
put up with obstructionism by one member wielding the veto again and again?
Foreign Policy Down The Drain
Paddy Ashdown
Long years of
anti-European prejudice from the Tory Eurosceptics, laced with insults from their supporting press, have generated a growing
anti-British prejudice in many European capitals.
If the
Franco-German plan doesn't work, things will not be better for Britain, they
will be much, much worse as our main trading zone collapses. Yet we have
rejected being in, helping prevent collapse, in favour of being out, hoping
for the best.
AR The best solution is for
David Cameron and his Tories to be replaced by David Miliband (not Ed) and a
Lib-Lab team.
Pity Those In Euroland
Janet Daley
So we are isolated.
Britain has stood alone before. We defended the idea of democracy in Europe
then too. This putative treaty so triumphantly proclaimed by Merk and Sark
is an agreement to work toward an idyll of anti-competitive regulation and
tax harmonization. The United States of America has nothing like this. If
Britain is at all culpable for the nightmare implosion to come, it is only
that we did not argue hard enough for the integrity of democratic nationhood
and the value of free markets.
Britain Isolated
The Guardian
David Cameron deployed the ultimate
weapon in European summitry yesterday. EU leaders promptly agreed to bypass
Britain and establish a new accord on the euro among themselves. The EU
appeared poised to line up 26-1 against Cameron in support of the
Franco-German blueprint, leaving Britain utterly isolated.
AR End of
an era. No more pussy-footing from London to hide its contempt for the European Union. Fortress UK fights on alone.
Cameron Played Poor Hand
John Lichfield
Britain is not
leaving the European Union, just yet. But the EU may already have abandoned
Britain. The fog of the Battle of Brussels, 8-9 December 2011, is still
clearing. But the possibility of a UK departure from the EU is no longer
unthinkable. Cameron wanted Britain to become a kind of Cayman Islands
within the EU: enjoying the benefits of being part of a European single
market for financial services but not subject to EU oversight or regulation.
AR The idea that Britain can survive as the world's bankers is an illusion.
Revised EC Statement Edited Extract
1300 CET
The objective remains to incorporate
these provisions into the treaties of the Union as soon as possible. The
Heads of State or Government of Bulgaria, Czech Republic, Denmark, Hungary,
Latvia, Lithuania, Poland, Romania and Sweden indicated the possibility to
take part in this process after consulting their Parliaments where
appropriate.
AR Leaving UK and Hungary.
|
2011 December 12
Merkelization
Foreign Policy
Germany's one-woman show could doom the
continent's beautiful project. Merkel may look like the big winner today,
seemingly with Europe at Germany's feet, but this turn of events could well
prove to no country's detriment more than than Germany's. The prospect is of
a joyless union of penalties, punishments, disciplines, and seething
resentments, with the EU elites increasingly under siege from anti-EU
populists.
Merkel's audacious reaction to staunch the eurocrisis is
the Germanization of European monetary and fiscal policy, foremost the
codification of its obsession with tight money, fiscal purity, and budgetary
orthodoxy. She's doing it with Sarkozy at her side and over the heads of
European voters. This catastrophic mistake vastly expands the EU's
centralized authority while robbing it of even a fig leaf of democratic
legitimacy.
AR People like a strong
leader who does "the right thing" — and tight is right for my money.
Desert Sun Power
Leo Hickman
In 1986, German physicist Gerhard Knies estimated how
much solar energy was required to meet our global demand for electricity: in
just six hours, the world's deserts receive more energy from the sun than
humans consume in a year. An area of Saharan desert the size of Wales (2
Mha) could power the whole of Europe.
Dii is an initiative founded in
Munich in 2009 that currently includes more than 55 companies and
institutions. Dii aims to provide 15% of Europe's electricity by 2050
through a vast network of solar and wind farms stretching across the MENA
region and connected to Europe via highly efficient DC transmission cables.
The total cost is estimated at €400 billion.
AR
Bring the Desertec
vision into reality: back Dii.
Has Europe Lost Its Soul?
Jonathan Sacks
When a civilisation loses its faith, it loses its
future. When it recovers its faith, it recovers its future. We must help
Europe to recover its soul. The market economy emerged in a Judeo-Christian
Europe.
Capitalism is a
sustained process of creative destruction. The market undermines the values
that gave rise to it. The consumer culture is antithetical to human dignity.
Instead of being a means of directing self-interest to the common good, it
can become a means of empowering self-interest to the detriment of the
common good. Instead of the market being framed by moral principles, it
comes to substitute for moral principle. The market becomes an ideology in
its own right.
The current financial and economic crisis is an
opportunity to pause and reflect on where we have been going and where it
leads. The financial instruments at the heart of the current crisis were so
complex that bankers failed to understand their vulnerability. Financial
failure is the result of moral failure and a symptom of a wider failure to
see the market as a means not an end.
Markets need morals. The
keywords of a market economy are religious. Credit comes from the Latin for
belief. Confidence comes from the Latin for shared faith. Trust is a
religious and moral concept. It was a breakdown of trust that led to the
banking crisis. And trust depends on an ethic of honour and responsibility.
Markets were created to serve humankind.
AR
Hear, hear. Fiscal duo Merkozy 1, City gent Cameron 0.
2011 December 11
Dear Prime Minister Cameron
Silke Burmester
I would like to heartily thank you! Your "No!" to
the rescue plans of the EU countries to date and may well thoroughly in the
future probably fly around your ears, but for me, whom I would describe
myself as a great lover of your country, it's a relief. For too long you
have been under the heel of the EU cucumbers and children's policies and
bulbs dictation, made small, much too long you can spoon-feed from norms and
treaties, that of a former world power like yours is not worthy.
You
see, I had the good fortune to live at the time of the Iron Lady in your
country and at that young age was very impressed with the coolness of
Margaret Thatcher divided the country and forced the working class to its
knees. And now, dear Mr Cameron, you also make the clear message and take
the step away from European folklore and mishmash in which we all love and
we act as if we also like to play with the grubby children.
The
Britain of my youth you knew from the "After Eight" ads, the TV
series "Upstairs, Downstairs" and music by the punk. And of course, by
Monty Python, so it was ready for anything that distinguishes your kingdom
like this: stubborn old ladies, strange ministries, parrots and, of course,
perfectly shaped queuing. Their compatriots always spoke of the "continent"
if they thought Europe apart from onions and cabbage was unknown.
All
this has been lost in the last 20 years. Her beautiful, weird traditions are
increasingly global standards of conduct from queue jumping, from eating a
croissant instead of porridge given way, people have turned their beautiful
capital to a sort of Disneyland Park. Only the money, your beautiful pounds,
reminds one still working to be a guest in a country whose traditions
established identity and always the latest adjustment avoided.
And
now you come! Like Superman stops the train with his bare hands, threatening
to take the dilapidated bridge, hold the European rescue shuttle on alone.
One word from you is enough and all that what your colleagues have been
working feverishly on, which will force the EU countries to more fiscal
discipline is worthless. "No!" You have said a word and rarely has promised
more delight. For now Great Britain is perhaps the back, from which arises
is admirable that marked your country once: quirky.
We, lovers of the
weird, quirky the kingdom, which had lost its identity under increasingly
global whip. With joy we would sail across the English Channel and come to
an island whose inhabitants are once again proud of their empire. And who
are we owe it? You, Prime Minister Cameron! Even now I would like to express
my thanks. I am sure one will pay homage to you. A rose for you or a street
name. At least one-way street should probably be in there.
(thank
Google for the translation)
Iron Man Cameron
The Times
Liberal Democrats condemned David
Cameron’s decision to veto a new EU treaty. Lib Dem party leader and deputy
PM Nick Clegg said he was "furious" at the way the PM handled the summit.
Clegg feared Britain would now be the "lonely man of Europe", with waning
influence for the City of London, less influence with the USA and reduced
foreign investment.
Lib Dem business secretary Vince Cable accused
David Cameron of going to war with Europe over the wrong issue: "I simply
don’t buy the view that the British national interest is synonymous with
banking and financial services." Cable called the veto a "pyrrhic victory"
for Eurosceptics "because nothing has really changed — certainly with the
financial services sector".
Lib Dem peer and former Treasury
spokesman Lord Oakeshott said many in the party remained quiet on Friday
because they were stunned and appalled: "It was Black Friday for every
Liberal Democrat and for our future in Europe."
The Conservative
party hailed Cameron as a hero and a true heir to Iron Lady Margaret
Thatcher. Conservative foreign secretary William Hague said Cameron had done
the "right thing for Britain". Conservative chancellor George Osborne
said Cameron's veto was the "right thing for our country".

2011 December 10
German Vision Prevails
The New York Times
A new European Union is pushing Britain to the
sidelines and creating a more integrated core of nations under the auspices
of a resurgent Germany. Angela Merkel persuaded every current member of the
union except Britain to endorse a new agreement calling for tighter regional
oversight of government spending.
The
agreement was a clear victory for Merkel and it prompted a sharp rally in
stock markets in Europe and the United States. Obama administration
officials welcomed the overhaul of the eurozone but argued that stronger
measures were needed in the short run. Germany has argued that the solution
to the euro crisis is an overhaul of the rules that govern European
integration. Germany is using market turmoil as a cudgel to force more
austerity. But critics say such steps risk a deep recession.
The big
loser in Brussels was Britain. David Cameron was perceived as having made a
poor gamble in opposing the push by Merkel and Sarkozy,
embittering relations and possibly damaging his standing at home. Some other
countries were initially skeptical but only Britain rejected the agreement.
Britain and Europe
Wolfgang Kaden
Britain and the European Union was a mismatch from
the start. When the union was founded, Britain still clung to dreams of
empire. Economic arguments then led British industry to urge the government to
join. When the empire dreams evaporated, they were replaced by a sentimental
alliance with the United States. The British held back in the Europe of
Brussels, caricatured for decades in the British press as a bureaucratic
monster.
The UK is an EU member but never really
wanted to be. From the start, the political establishment and the media were
skeptical about the single currency. Much of what they said was accurate,
but it was simple monetary nationalism that kept the UK out of the euro. Now
Euroland stands apart from the UK with its financial autonomy. The British
need to ask why they are in the union. Without a fundamental change in
British policy, they should leave.
Bye Bye Britain
Roland Nelles
The European Union on Thursday night dropped the
hypocrisy. No longer is harmony the overriding goal. The United Kingdom may
no longer have a place at the table. London must decide whether it wants to
remain part of Europe or not.
The European Union has
reformed itself. The common currency union is following the Franco-German
desire to grow together. The UK stands alone. It is a new development. The
British have been the fly in the European soup for a long time, having their
say and wielding their influence. In past EU summits all this was glossed
over. No longer. The UK has been backed into a corner.
The euro
crisis has exposed a momentum that is creating a new Europe. Chancellor
Angela Merkel calls it a fiscal union. In reality, Europe is on the path
toward becoming a federal country. Germany and France will lead but all are
included.
The preferred outcome is that Britain should become part of
an integrated Europe. But Europe can work fine without the British. The UK
can focus on its alliance with the United States. They don't have much time.
If the Brits wait too long, history will move on. Then we say bye bye
Britain.
Great Britain Saves Itself
Niall
Ferguson
David Cameron's stand in Brussels was the culmination of a
consistent Conservative policy to resist any steps that would lead to
Britain's becoming a member of a federal Europe. The eurozone members and
the states that have chosen to follow them have just agreed to create a
federal fiscal union.
This is the founding charter of the United
States of Europe. It is not clear how the existing European institutions can
police a fiscal union that is not covered by any treaty. And the
balanced-budget rule is a recipe for excessive rigidity in fiscal policy,
unless there is a significant centralization of fiscal policy.
Twelve
years ago, I warned that a monetary union without a fiscal component would
fall apart after about ten years. Four years ago, I pointed out that German
banks were in worse shape than American banks. Incompetent leadership has
brought the eurozone economy to the edge of a precipice.
The only way
to save the monetary union is: 1 Massive
quantitative easing by the ECB 2
Restructuring to reduce absolute debt burdens 3
Creation of a mechanism to transfer resources 4
Recapitalization of ailing eurozone banks
The Brussels agreement only
does these things half-heartedly. In the absence of sufficient resources for
the new federal model, the new rules will lead to pro-cyclical policies that
deepen the recession. The continent has now embarked on a course for a
chronically depressed federation. Cameron did the right thing.
AR Niall left the UK, loves the USA, and hates the USE.
2011 December 9
Eurosplit
The Times
The European Union fractured today at a rancorous
summit when 23 countries signed up to a new euro-plus group without Britain.
Britain was left out with Hungary, Sweden, and the Czech Republic, as France
and Germany led the rest to form Core Europe.
Cameron said safeguards
for the City of London were the price of his support for new rules in EU
treaties. Both the Swedish and the Czech governments are expected to sign up
to the new pact after gaining parliamentary approval. Swedish Foreign
Minister Carl Bildt joked on Twitter that Britain might form an alliance
with Hungary.
AR Many Brits will think this is a victory for
freedom. But Cameron has only acted to protect the selfish interests of the
moneymen who made a crisis out of the Greek drama in the first place.
Britain has sided against Europe and chosen irrelevance in the EU future.
No EU Treaty Change
Financial Times
Leaders of the 27 EU countries failed to agree to
change the EU treaties in order to impose tighter fiscal rules on the
eurozone and instead chose to create a new intergovernmental treaty.
ECB
president Mario Draghi approved the deal. The ECB can now move more
aggressively in eurozone bond markets.
|
David Versus David
The Times
David Miliband criticizes David Cameron for using the
V-bomb in Europe without benefit to Britain: "David Cameron didn't actually
stop anything because the other 26 are going on and the provisions of the
treaty would not have weakened our rights and freedoms one iota."
Balls Attacks Walkout
Financial Times
UK shadow chancellor Ed Balls attacked a
"catastrophic failure of leadership" by David Cameron and others at the EU
summit. He said Cameron should have played a lead role in trying to resolve
the eurozone crisis instead of "walking away" from the talks.

BMW The Best BMW Ever
Bill Caswell, Wired
I think the 1 Series M Coupe is the best BMW
I've ever driven. I've been racing BMWs for over 10 years in everything from local races to the World Rally Championships, and my daily drive is
currently an E30 M3.
BMW 2011 M1: $46,135
David Confronts Europe
Robin Harris
David Cameron saved his leadership by his brave and
stylish performance in Brussels. The British, and not just the Conservative
Party, like a champion who smiles while he sticks a finger in a foreigner's
eye. Lord Salisbury once decried a feeble foreign policy of "floating lazily
downstream, occasionally putting out a diplomatic boathook to avoid
collisions". In European affairs, the time for boathooks has gone, and the
time for ironclads has arrived.
British Demand Unacceptable
Financial Times
David Cameron left the
European Union divided. Angela Merkel said the agreement still marked a
"breakthrough to a stability union" that would open the way for full fiscal
union in the eurozone. Cameron demanded safeguards for UK-based financial
services. Nicolas Sarkozy said the demand was unacceptable.
AR
Cameron 0, Merkozy 1, time to move on. British people say no to the EUSSR,
Europeans fence off the rabid bulldog.
Europe's Blithering
Idiots
Ambrose Evans-Pritchard
The leaders of France and Germany
have more or less bulldozed Britain out of the European Union for the sake
of a treaty that offers absolutely no solution to the crisis at hand, or
indeed any future crisis. The EU may soon be reduced to a shell, with a new
union forming among the core. Utter confusion will ensue over the legal
structures of the EU. And what for? All this upheaval for a flimflam treaty?
AR Who's the blithering idiot? Ambrose seems to have forgotten
to take his medication.
Two-Speed Europe
Spiegel Online
European leaders agreed
surprisingly quickly to fiscal union. But the new pact leaves out Britain.
David Cameron will not be able to prevent the UK from becoming a
second-class EU member.
|

StyleLikeU/stylecaster.com
Scout Willis by the Pacific |

LP Dana Point Harbor,
California, December 7, 2011 |

StyleLikeU/stylecaster.com
Scout Willis on a Harley |
|
British riots: an analysis by
Theodore Dalrymple
The Shiites have enacted
bloody riots for centuries

NASA The NASA Dawn spacecraft was launched in 2007
to encounter Vesta in 2011 and Ceres in 2015. Dawn uses ion propulsion
powered by solar energy.

NASA This NASA Dawn image of the asteroid
Vesta is dominated by the Caparronia impact crater. It was obtained on October 23,
2011. The crater is about 55 km in diameter and the distance to the
surface of Vesta is 700 km.

Bethlehemian Rhapsody
YouTube, 4:46
AR Jesus would love it,
but what about Freddie?

The Muppets sing Queen's Bohemian Rhapsody
YouTube, 4:47
Sleeping
Beauty is a movie about power and control. Lucy's lack of money requires
her to relinquish control again and again. She answers a want ad and a madam employs her to enact the fairy tale of the film's
title.
Freeman Dyson
on the psychology of Daniel Kahneman
War With Iran
1 Süddeutsche Zeitung
Hopes for
a comprehensive reconciliation between Iran and the West have evaporated. It
is important that the issue is not reduced to a choice between the Iranian
Bomb and bombing Iran.
2 Berliner Zeitung
The Israelis know that attacks on Iranian nuclear facilities would, at best,
slow down development of a nuclear bomb, and not halt it. The Americans can
still hope that the Israelis will hold back.
|
2011 December 8
Lecture by Dr. Seth Jones, RAND Corporation: Afghanistan Beyond the Bonn
Conference
Deutsch-Amerikanisches Institut, Heidelberg
The Merkozy Letter
Reuters
Edited extracts from a letter to EC President Herman Van
Rompuy:
We need to reinforce the architecture of
Economic and Monetary Union. The current crisis has uncovered the
deficiencies in the construction of EMU. Alongside the single currency, we
need a renewed contract between the Eurozone states.
We
need more binding and more ambitious rules and commitments for the Eurozone
states. They should reflect that sharing a single currency means sharing
responsibility for the Eurozone as a whole. They should pave the way for a
new quality of cooperation and integration within the Eurozone. We propose
that those new rules and commitments should be enshrined in the European
treaties.
Eurozone governance needs to be substantially reinforced.
We should provide for more integrated and more efficient institutions based
on regular summits of the Eurozone heads of state and government with a
permanent president.
— signed by Angela Merkel and Nicolas Sarkozy
AR Core Europe is on the way. The British
"divide and conquer" approach to Europe of previous centuries is obsolete. A
politically united mainland Europe is natural, inevitable, and good.
2011 December 7
Yes To Treaty Change
David Cameron
Resolving the eurozone crisis requires three
things:
1 Tighter fiscal
discipline and closer fiscal coordination within the
eurozone
2 A big firewall to prevent
contagion along with properly capitalized banks
3 Improved competitiveness in the eurozone
economies that are struggling
A change in the
treaty governing all 27 members of the European Union is the most
comprehensive and credible way to provide tough sanctions to ensure that
eurozone countries stick to the rules on debt. Britain requires rules to
keep the single market fair and open for financial services.
The
eurozone has a problem of competitiveness. Countries that have large trade
deficits coexist with Germany, which has a huge trade surplus. These
imbalances have to be addressed.
Clarke: Resolve Crisis
Financial Times
UK Justice Secretary Ken Clarke has put himself
at odds with David Cameron by saying Britain should focus on "how to
maintain the financial stability of the western world" at the EU summit.
Clarke
said it would be a distraction to try to open up discussions about the
"wider structures of the union".
Merkozy Failed
Martin Wolf
Germany has a plan but it is something of a blunder. Good: Eurozone
opposition will block its full application. Bad: Nothing better seems to
be on offer. Ugly: Germans believe fiscal malfeasance caused the crisis.
Truth: This is a balance of payments crisis. It requires huge
adjustments on both sides.
Hunting the Higgs
The Guardian
Rumors have hit the physics blogs that CERN may have
seen the Higgs boson. CERN scientists say that if the particle exists, it
was most likely to have a mass somewhere between 114 and 141 GeV. Rumors are
that the Atlas and CMS teams see Higgs-like signals around 125 GeV. That
fits with supersymmetry.
AR Wow! Just in
time for Xmas.
2011 December 6
Merkozy Agreement
Financial Times
France and Germany agree on new fiscal rules for
the eurozone: 1 Change EU
treaty change, at least for eurozone members 2
Impose automatic sanctions for budget deficits over 3% of GDP
3 Set a constitutional "golden rule" requiring
balanced budgets 4 Have the European Court of
Justice verify the golden rule 5 Let private
bondholders avoid haircuts in future restructuring 6
Bring forward the launch of the ESM from 2013 to 2012
The measures
must be agreed at the EU summit on Friday.
Rating Downgrade
Financial Times
Standard & Poor's has put 15 eurozone countries
on negative CreditWatch. The AAA members Germany, France, Austria, Finland,
the Netherlands, and Luxembourg are under review for downgrade to AA+ if
their plans fail to convince S&P experts.
Politicians accuse the ratings
agencies of exacerbating the crisis. But the agencies worry about who will
pay for a eurozone solution.
British Decline
Aditya Chakrabortty
In the past week, the UK has received two
bits of bad news:
1 The Office for Budget Responsibility believes
that the British economy is around 13% smaller than the government assumed
at the height of the boom.
2 The
Institute for Fiscal Studies forecasts that the average British family will
be poorer in 2016 than they were in 2002.
In modern times, the only
other rich country that has undergone the kind of decline that now awaits
the UK is Japan.
2011 December 5
BIFA British
Independent Film Awards
The Guardian
Tyrannosaur
won the best film award. Directed by Paddy Considine, this study of rage
stars Peter Mullan as a drinking, gambling, washed-up widower who early in
the film kicks his dog to death. Considine won the Douglas Hickox award
for best debut director. Olivia Colman won best actress for her role in
the film. Michael Fassbender won best actor for his lead role in
Shame,
Steve McQueen's second feature film after
Hunger.
2011 December 4
Iran Says It Shot Down U.S. Spy Plane
The New York Times
Iran's armed forces have shot down an unmanned
U.S. spy plane that violated Iranian airspace along the country's eastern
border, says the official IRNA news agency. The report quoted a military
official: "An advanced RQ-170 unmanned American spy plane was shot down by
Iran's armed forces. It suffered minor damage and is now in possession of
Iran's armed forces."
NATO Accuses Pakistan and Iran
Spiegel Online
NATO says Pakistan and Iran support the Taliban.
In a confidential report, NATO-ISAF military intelligence services raise
serious allegations against the the Pakistani intelligence service ISI and
Iran's secret police. The report says Pakistan and Iran provide financial
and logistic support for armed resistance to the ISAF in Afghanistan, such
as a training camp for insurgents in a project financed by Iran and
Pakistan.
Suspicion of Pakistan and Iran is not
new. For years, the ISI has had close ties to the Taliban and supported the
armed struggle of the Taliban against the Afghan government and ISAF. The
government of Pakistan denies the ties, but ISI still works with the Taliban
and is cooperating directly with the insurgents. The Iranians are
cooperating with Pakistan and support the insurgents with training, weapons,
and money.
NATO officers in northern Afghanistan say the findings
come from "fusion cells" of intelligence staffs from Germany, the USA,
Sweden, and other nations. The German commander for northern Afghanistan,
Major General Markus Kneip, has described the influence of Iran and Pakistan
in his command area and warned against trained terror squads from Chechnya
and Pakistan that supported the Taliban.
2011 December 3
German Calm
Spiegel Online
The endgame for the euro has begun. Fear is
growing in the financial markets and in the capitals of Europe. But Germans
seem calm. They are not blind to the depth of the crisis and most even think
the worst is yet to come. But they are still happy to go shopping. The
crisis is too complex for many of them.
European
partners accuse the chancellor of shamelessly dominating the ongoing EU
reform process. But Angela Merkel's approval ratings have gone up during the
crisis. Most Germans are behind her and want her to take a strong leadership
role in Europe. Germany should take the lead and the eurozone should follow.
War Histories
Joanna Bourke
Peter Englund
THE BEAUTY AND THE SORROW An Intimate History of the First
World War
Max Hastings
ALL HELL LET LOOSE The World at War 1939-45
Englund and
Hastings seek to draw readers into the intimate lives of people who suffered
through the First and Second World Wars. The books both excel in depicting
the horrors of war. Both solicit affect, so that readers are mesmerized by
horror. But affective history fails to provide new understanding.
United States of Europe, Part 3
|
Britain Outside Europe
Anatole Kaletsky
The Prime Minister should encourage the 17 euro members to agree a separate treaty
among themselves, outside the existing EU treaties. Such a new treaty would
confirm that euro member-ship and political federation are distinct from the
single market. The new treaty would turn the EU back into a primarily
economic organization. Britain could lead the outer group.

German
Europe
Spiegel Online
Germany
is at the center of
Europe. Officials in Berlin say it is important to stand side by side with
France to avoid creating the impression that Germany is dominating Europe.
French President Nicolas Sarkozy: "France and Germany have decided to
unite their fate." Earlier: "All my efforts are directed towards adapting
France to a system that works: the German system."
Polish Foreign
Minister Radoslaw Sikorski: "I'm less worried about Germany's power than
about its failure to act. It has become Europe's essential nation. It must
not fail in its leadership. Rather than dominate, it must lead the reform
process."
Kepler Finds New Earth
New Scientist
The NASA Kepler telescope had
found a new Earthlike planet. Named Kepler-22b, the planet lies 600 light
years away around a star like the sun. It is about 2.4 times as wide as
Earth and orbits its star every 290 days, right in the middle of the
habitable zone where liquid water can exist on its surface, and has a
surface temperature of 22°C.
AR Let's
launch a starship.

AFP/ Liberation/ Secret Defense Unmanned U.S.
spy planes of type Lockheed Martin RQ-170 Sentinel are deployed in
Afghanistan.
War With Iran
3 Financial Times Deutschland
An oil embargo will worsen the social and economic situation in Iran. But an
oil embargo could also hurt the West. Higher oil prices would be poisonous
for the European economy. To get the Iranian regime to give in, support from
Russia and China is needed.
|
|

Vogue Italia 12/2011 Cover girl Karlie
Kloss
AR Vogue is a fashion mag but it
tries to be more — |

CNN The Sovereign superyacht is the latest brainchild of
Gray Design.
Bottom line: Sovereign can be yours for about
€100 million.
AR I guess the fan in the
tower is a wind turbine to advertise the owner's environmental credentials. |

Vogue Italia Karlie Kloss again in the
December issue
— by working hard to distract us from
the euro crisis. |
|
Print Money
Ambrose Evans-Pritchard
The eurozone economy is in imminent
danger of crashing into deflation. This would wreck Europe's €31 trillion
bank nexus. But the crisis can be stopped very easily by printing money. The
ECB can halt the crisis immediately by reflating Club Med off the reefs. It
chooses not to act because this would mean higher inflation for Germany.
AR Keep pressing until the
olive pips squeak.
Islamists
Financial Times
Qatari PM Hamad bin Jassim bin Jabr al-Thani says
the West should embrace the rise of Islamist movements. Hamad played a role
in the Libyan revolution and spoke after the first round of the Egyptian
elections. Indications are that the Muslim Brotherhood party Freedom and
Justice is in the lead.The puritanical Salafist party Nour also did well.
|
2011 December 2
PHILOSOPHER Done. Plan: 1
Chill
2 Reread 3
Publish
Eurogeddon: Ten No-Nos
CNN
1 Thou shalt not lack political vision and strategy
2 Thou shalt not lead via two member states
3 Thou shalt not neglect European foreign policy
4 Thou shalt not let austerity be the only policy
5 Thou shalt not fail to put people first
6 Thou shalt not accept technocratic governments
7 Thou shalt not run a democratic deficit
8 Thou shalt not impose cuts that cause recession
9 Thou shalt not cause panic in financial markets
10 Thou shalt not ignore economic differences
The Spirit of Enterprise
David Brooks
Germany and the United States are rich because many
of their citizens believe that people who work hard and play by the rules
should have a fair shot at prosperity. Work and self-control should be
rewarded while laziness and self-indulgence should not.
This ethos is
being undermined from all directions. People see lobbyists using connections
to divert money, traders making millions in devious manipulations, and
governments stealing money from future generations to reward current voters.
European nations like Germany and the Netherlands have played by the
rules and practiced good governance. Now they are being browbeaten for not
wanting to bail out nations that did not do these things. They are being
asked to paper over fundamental economic problems by printing money.
Our sympathy should be with the German people. They are not behaving
selfishly by insisting on structural reforms in exchange for bailouts. They
are defending the values upon which the entire prosperity of the West is
based.
In a financial crisis you do what you have to do. But as soon
as the crisis passes, you repair the system. After the American financial
crisis of 2008, the people who caused the crisis were never held
responsible, there was no strategy to pay off the debt, and structural
problems were not addressed. We can do better.
Was ABB Insane?
Simon Baron-Cohen
Anders Breivik committed mass
murder to draw attention to his manifesto aimed at saving Europe from the
Muslims. The killings were part of a carefully planned political project. He
claimed to have worked on the plan for nine years. His manifesto is the work
of a man with a single vision. The question is whether a man who is so cold
and calculating in executing his logical plan is insane.
Empathy is
both cognitive and affective. Cognitive empathy is the drive to identify
someone else's thoughts and feelings and imagine what is in their mind.
Affective empathy is the drive to respond to someone else's thoughts and
feelings with an appropriate emotion. Cruelty results from low affective
empathy, plus other factors.
In Breivik's case, deeply held
ideological convictions may have been the extra ingredient. Breivik appeared
to have many parallels with the young Hitler. Hitler's Mein Kampf is a
diatribe against the "Judification" of Europe that parallels Breivik's
diatribe in his manifesto against the "Islamification" of Europe.
2011 December 1
War With Iran
David Miliband
A nuclear-armed Iran would mean the end of
non-proliferation. But that is not an argument for military action.
Diplomacy must take the lead. The regime faces challenges:
1 Sanctions, cyberwar, and covert operations
have impaired Iran's progress toward a nuclear weapons capability.
2 IAEA inspectors continue to monitor key
installations and operations, providing a tripwire to signal any dramatic
change.
3 Iran's strategic influence in
the region is waning. Among the Arab public, Iran's popularity has plummeted
since 2006.
4 The Iranian people aspire
to the same kinds of open government that the youth of the Arab world are
reaching for.
Now is the time to put pressure on a weakened regime. A
concerted diplomatic effort on Iran is needed now to prevent another war in
the Mideast.
UK Pu To Burn
The Guardian
General Electric proposes to build a new nuclear
reactor at the Sellafield site to convert the British stockpile of plutonium
into electricity. The multibillion pound project would burn fuel from
nuclear waste in a 600 MW
PRISM reactor. The GE Hitachi Power Reactor Innovative Small Module
reactor has been in use for more than 30 years in the US.
But the UK
government has not yet decided how to deal with its plutonium. Options
include long-term storage, converting it for use in a thorium reactor, or
building a new mixed oxide fuel (MOX) processing plant. Some in government
want the plutonium to be classed as an asset rather than a liability.
A
thorium reactor is an alternative to current nuclear plants that experts
say is safer, cleaner, and more environmentally friendly.
AR Iran would pay billions for our Pu.
|
ECB Rescue
Financial Times
ECB president Mario Draghi said a "fiscal
compact" could pave the way to a eurozone rescue plan. An agreement binding
governments to strong rules on public finances would be "the most important
element to start restoring credibility" with financial markets. A fiscal
compact would anchor confidence and boost investor trust.
AR First the new rules, then the new money.

Vogue Paris Kate Moss as Ziggy Stardust
(David Bowie, 1972)
|

Harry Ramsden's Fish and
chips and mushy peas |
FISH & CHIPS To Go Global
Harry Ramsden's, the popular fish and chip chain, is about to close the
first restaurant it opened, in Guiseley, Leeds, UK, in 1928.
CEO Joe
Teixeira: "Whilst the Harry Ramsden's brand remains strong nationally, it is
not immune from the challenging economic environment."
Food magnate
Ranjit Boparan has acquired Harry Ramsden's chain and says he plans to
expand it to a further 100 UK sites over the next five years and maybe
export it to India and China.
AR Fish and chips —
yum yum!
|
|
Honey Money
Catherine Hakim
"Feminist theory often erects a false dichotomy:
either a woman is valued for her human capital (her brains, education, work
experience and dedication to her career) or she is valued for her erotic
capital (her beauty, elegant figure, dress style, grace and charm). Women
are not encouraged to do both."
Export Boom
Financial Times
The German business club
BGA says German
exports will rise by at least 6% in 2012.
Apocalypse
Financial Times
Germany is the only country in Europe that can
act to save the eurozone and the wider European Union from "a crisis of
apocalyptic proportions", warned Polish foreign minister Radoslaw Sikorski
in Berlin on Monday.
|
2011 St. Andrew's Day
Good News
CNN Money
The Federal Reserve, the European Central Bank, the
Bank of England, the Bank of Japan, the Bank of Canada, and the Swiss
Central Bank announced a coordinated plan to lower prices on dollar
liquidity swaps. A swap takes place when the Fed provides U.S. dollars to a
foreign central bank in exchange for the equivalent amount of foreign
currency. The plan is meant to "ease strains in financial markets and
thereby mitigate the effects of such strains on the supply of credit to
households and businesses and so help foster economic activity."
AR At last: a glimmer of sense from the
financial hand of GOD.
Euro: IMF Hope
Spiegel Online
Eurozone finance ministers agreed
on two levers to take the EFSF over €250 billion:
1 Raise insurance on government bond purchases
to reduce investor risk. 2
Open the fund to investors outside the eurozone.
Leverage of 3 to 5
times is needed to finance Italy and Spain. Ministers expect a max of 3. They hope the IMF
can help out.
To drive down interest rates, eurobonds are a long-term
solution. A short-term fix is for the ECB to buy more bonds.
ABB Declared Insane
New Scientist
Forensic
psychiatrists say Anders Breivik was insane when he killed 77 people in
July. They say he had suffered for years from paranoid schizophrenia and was
psychotic. If the verdict is confirmed, he will escape criminal charges and
be committed to psychiatric care.
To meet the legal definition of
insanity in most countries, the defendant would have to be proven to be
psychotic to the point where they could no longer distinguish between legal
definitions of right and wrong, and no longer appreciate the nature of their
actions at the time of the offense.
Professor Paul Appelbaum,
Columbia University, New York, says that even though Breivik carefully
planned and executed the killings, he could still have lost contact with
reality to the point that he was no longer in control of his own actions. If
he felt he was fighting oppression, he might expect to be treated as a hero.
AR Breivik's manifesto shows he was
psychotic but by everyday standards he was sane.
2011 November 29
German Europe
Richard J. Evans
Germany refuses to let the ECB
print money. Quantitative easing would stimulate demand as people spend the
extra currency.
Germans remember the Weimar Republic. The government
printed money and in 1923 inflation spiraled out of control. The depression
then destroyed the republic. Between 1943 and 1948, Germans ran a black
market economy to survive under the threat of inflation. It took decades of
hard work to create an economic miracle.
Germany will not let the ECB
print money because of inflation. But entrenchment and austerity are
deepening the recession. Fiscal discipline is all very well but we need to
revive Europe.
AR The original (long)
article went on about Nazis.
New Physics
New Scientist
Do neutrinos travel faster than light? Why is the
universe dominated by matter not antimatter? Why is our universe so
comfortable to physicists?
On neutrinos, we still await independent
verification.
The CERN Large Hadron Collider reports that
mesons decay differently from anti-mesons. If so, this would help explain
why we have more matter than antimatter.
The existence of multiple
universes solves the comfort problem by saying we just happen to live in one
that's friendly to physicists.
Theorists say dents in the cosmic
microwave background might show that our universe once collided with others.
The ESA Planck satellite is looking for the dents.
AR At least the ESA knows how to spend our
euros.
2011 November 28
Eurozone: Days to Collapse
Wolfgang Münchau
The banking sector is broken. Parts of Europe
are cut off from credit. Contagion has reached the EFSF. The eurozone must:
1 Agree an ECB backstop and increase
liquidity for banks to head off bankruptcy.
2
Set up a eurozone bond to end the insanity of cross-border national
guarantees.
3 Form a fiscal union, with
new institutions and partial loss of national sovereignty.
The
European Commission produced a smart proposal last week. Angela Merkel can
get her fiscal union but only with a eurobond. Then the problem is solved.
Or we go down.
Europe Funding Freeze
Fubancial Times
The funding hole for European banks is deepening
following a sharp fall in bond issuance. European banks have sold only
two-thirds of the sum due to be returned to investors in 2011 as debts
mature, leaving the banks with a $241 billion funding gap.
AR Creak, bang —
OMG —
I'm on the Titanic!
2011 November 27
Lecture by MIT Professor Frank Wilczek (Nobel Prize in
Physics, 2004, for work on the basic theory of the strong force, QCD):
Quantum Beauty
Deutsch-Amerikanisches Institut, Heidelberg
Genesis
New Scientist
Three billion years ago on planet Earth, Luca (the
last universal common ancestor) filled the oceans. Cells in the waters
exchanged useful stuff in an open-source paradise to form a global organism.
A search in a database of proteins shows that almost one in ten protein
structures are universal. Luca seems to have had enzymes to extract energy
from nutrients and nanomachines to make proteins but not enzymes for making
and reading DNA molecules.
Luca was made of cells with leaky
isoprenoid membranes that let them share stuff. She probably also had
organelles. Tiny granules in some archaea are precursors to modern
acidocalcisomes, suggesting that these organelles date back to Luca.
Luca made lots of errors when she made proteins from gene templates. So
early cells must have shared genes and proteins. Remnants of this
gene-swapping system are seen in communities of microorganisms that can only
survive in mixed communities. Any cells that dropped out of the global swap
shop were doomed.
When cells learned to live independently about 2.9
billion years ago, Luca gave birth to the trinity of archaea, bacteria, and
eukaryotes. The eukaryotes evolved into plants and animals.
AR Luca = Ur-Globorg
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Manuel Bauer was once a neo-Nazi thug, heavily
involved in far-right paramilitary organizations and guilty of numerous
assaults against foreigners and immigrants in Germany. He has since turned
his back on the scene.
Pension Strikes
The Guardian
More than 2 million public sector workers are
staging a nationwide strike over cuts to public sector pensions. The TUC
said it was the biggest stoppage since the mass strike in 1979.
AR The 1979 "winter of discontent" was the event
that put Margaret Thatcher in power.
Export Boom
Der Spiegel
This year, for the first time, German companies will
export goods worth over €1 trillion.
Firepower
Financial Times
European leaders need to provide "credible and
large enough firepower" to halt the sell-off in the eurozone sovereign debt
market or they will risk a severe recession, sys OECD chief economist Pier
Carlo Padoan.
|
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NASA |
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Europe
Jürgen Habermas
Jürgen Habermas has no desire to see Europe consigned to the dustbin of
world history. Europe is the project of his generation. The longer the
crisis continues, the more confusing it gets.
Habermas calls the system that Merkel
and Sarkozy have established during the crisis a post-democracy. The
European Parliament has hardly any influence. The European Commission is not
responsible for what it does. The European Council engages in
politics without being authorized to do so. States are driven by the
markets. Everything about Europe is topsy-turvy.
Habermas is an optimist. He believes in the rationality of the people. He
believes in a public sphere that serves to make things better. He believes
in the power of words and the rationality of discourse.

BP
Meteor Bentley
Bob Petersen constructed this masterpiece on an
original Bentley Phantom II chassis with bespoke coachwork by giving it a
Rolls-Royce Meteor engine. The Meteor was derived from the legendary Merlin
of Spitfire fame, in essence by leaving off the supercharger. The 27-litre
V12 turns out a leisurely 660 bhp, ample for British tanks like the
Centurion that once used it.

Photo: Brian Aris Twiggy
Model, singer, and actress Twiggy, 62, was born Lesley Hornby and
brought up in Neasden, London. At 16 she was discovered, nicknamed Twiggy,
and declared "the face of 1966".
"You shouldn't want to be famous.
You should want to be good at what you do."
Twiggy

Fly
e-volo!
The e-volo multicopter is an electric copter with 16 engines
and propellers. Flight time is up to 30
minutes, depending on payload and battery charge. Its empty weight is 80 kg
including the lithium batteries. Electricity for a full charge costs about €3.
The pilot uses a joystick to control attitude and direction in 3D via
multiple fail-safe onboard computers for independent control of motor
speeds. The software can be integrated with GPS or obstacle detection and
can land the craft safely if up to four motors fail. The craft can even pack
a safety parachute.

QE Trillion
Financial Times
ECB president Mario Draghi says the eurozone
crisis is political so he will not bail out anybody.
TFEU Article 123 says the ECB shall not give overdrafts to governments.
But the ECB could launch a very large program of quantitative easing.
AR Print money? Just say no.

Pool photo
The Osprey takes off like Clark Kent and flies like Superman
V-22 Osprey
The New York Times
The
Bell Boeing V-22 Osprey is a $70 million aircraft
that Marines use for assaults in Afghanistan. After years of
problems, its builders now run ads celebrating its 100 000 flight hours and
say it is the safest Marine rotorcraft of the last ten years. Of the 458 Ospreys
on order for U.S. forces, nearly 300 are in service or in
production, with some $36 billion spent of a projected $54 billion.
AR Osprey Olé!

Foto: picture-alliance / Wiktor Dabkow
Bundeskanzlerin Merkel und UK PM Cameron

Breaking Dawn
Wired
The Twilight
Saga: Breaking Dawn — Part 1 is a nerd movie if there ever was one. And
geeks should get behind it. Breaking Dawn was made for a certain type of
geek and it succeeds wildly at appealing to their needs.
Picking up
where
Eclipse left off, the film starts with the wedding of Edward and Bella.
It goes on to the romantic honeymoon where, yes, hot, bed-breaking sex is
had, many times. Bella then inexplicably becomes pregnant. Then things get
freaky.
Breaking Dawn is an entertaining film. Yet it's still seen
as largely uncool amongst geeks to like Twilight films. Twilight fans are
predominantly women. If being a geek means loving what you love unabashedly,
collecting all of its related schwag, attending the related conventions, and
sleeping outside before a new film comes out, then Twihards are geeks of the
highest caliber. Breaking Dawn isn't going to appeal to anyone who isn't
already geeked out on the subject matter.
AR
Uh?
German Growth
Spiegel Online
German GDP grew by 0.5% in Q3 over
Q2. The Federal Statistical Office estimates that GDP grew by 2.6% compared
with 2010 Q3. The office also revised its 2011 Q2 estimate upward from 0.1% to 0.3% of GDP.
Reasons for good growth: 1 Labor market
developing robustly 2 Interest rates on corporate
loans very low 3
Wages rising for millions in Germany 4 Inflation forecast below 2%
for 2012

Untitled, Georg Herold
Gesamtkunstwerk:
New Art From Germany Saatchi Gallery, London 2011-11-18 —
2012-04-30
Strengthen Europe
David Miliband
The British decision to repatriate powers is
deluded and dangerous.
Britain needs an alliance with Germany.
Britain needs to help move the EU forward.
The eurozone crisis
needs to be a spur to budgetary reform.
Britain should be making
the Lisbon treaty work.
Britain needs a positive vision for
Europe.

Eva Braun Mrs Hitler
A new biography

Silvio Berlusconi by Tiziana Fabi Bye Bye
Bunga Bunga
Israel Won't Tell
Adrian Blomfield
President Obama was rebuffed last month when he
demanded private guarantees from Israel that it would not launch a military
strike against Iran without White House notification. In the wake of the
IAEA report Israeli leaders have all but lost hope for a diplomatic solution.
IAEA Report on Iran
One, Two, Er
Rick Perry isn't letting a little "oops" bring him down. After his
debate brainfreeze he went on a media blitz. Will he quit the race? Perry:
"Oh, shoot, no. This ain't a day for quitting nothing."
AR Leader of the free world? I wouldn't vote
for him to be town mayor.
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2011 November 26
Sex Addiction
Newsweek
Sex addiction can destroy a life much as addictions to
alcohol or drugs can. Substance abusers and sex addicts alike form a
dependency on the neurotransmitter dopamine. Chronic masturbators who engage
with online porn all day can suffer a hangover from the dopamine fall. An
estimated 5% of the U.S. population could be sex addicts.
AR Is this simplistic neuroscience or a very
American neurosis?
Buddhism Is Bad
John Horgan
Buddhism is not much more rational than the
Catholicism. It espouses reincarnation and a law of moral cause and effect.
Together, these tenets imply the existence of a cosmic judge.
Western
Buddhists say Buddhism is a practical way to achieve happiness. The main
vehicle for achieving enlightenment is meditation. But research shows
meditation to be unreliable. It can reduce stress, but no more so than
sitting still does.
Meditation leads to the idea that the self is an
illusion. But this perspective may not transform you into a saint. Human
suffering and death may appear trivial. Buddhists hold that enlightenment
makes you morally infallible, but some Buddhist masters have behaved more
like nihilists than saints.
Buddhism implies that detachment from
ordinary life is the surest route to salvation. It exalts male monasticism
as the epitome of spirituality. The concept of enlightenment suggests that
life is a problem that can be solved and should be escaped.
Science tells us that we
appeared by chance and we could vanish in the same way. This is not
comforting, but science seeks truth.
Yoga Is Satanic
Father Gabriele Amorth
Vatican chief exorcist Father
Gabriele Amorth says practicing yoga is Satanic and leads to evil, just like
reading Harry Potter books. He says science is incapable of explaining evil
and that sex abuse scandals in the Catholic Church are proof that the
Antichrist is at war against the Holy See.
European Transfer Union
Sebastian Mallaby
Germany is the eurozone winner and Club Med
countries are losers. The currency union that caused pain in the periphery
gave Germany its export boom. And once the euro crisis began, Germany
enjoyed the stimulus of capital inflows from the periphery. European
currency union involves transfers. Germans need to rescue it.
United States of Europe, Part 2
2011 November 25
Simply Baroque! Dorothee Oberlinger and the
La Folia Baroque orchestra
played works by Händel, Sammartini, Telemann, Vivaldi, and Corelli in the Mozart
Theatre,
Schwetzingen Palace
Eurofix
Financial Times
Leaders of the Eurozone big powers (D, F, I) made
tougher fiscal governance a top priority in their battle to stem the
sovereign debt crisis. Their performance failed to impress the market.
Angela Merkel (D) and Mario Monti (I) spoke of creating a fiscal union to
drive economic integration and enforce budgetary discipline.
AR Ignore the market and do it right, but do
it fast.
Nothing
Brian Greene
Isaac Newton imagined two rocks tied together with a
string whirling around their common center. The string pulls taut. But how
can we explain the taut string if the rocks are spinning in an otherwise
empty universe? Newton concluded that the string pulls taut because the
rocks are moving relative to empty space —
absolute nothing.
Albert Einstein was puzzled by gravity. How does
the sun keep the Earth tethered in orbit? His answer was that space and time
warp in response to the presence of matter and energy, which guides the motion
of objects like the Earth. Einstein concluded that gravity is the shape of
spacetime —
relative nothing.
Quantum mechanics implies that some features of the
microworld are subject to random fluctuations. In a region of space that
seems empty, such quantum fluctuations make particles pop in and out of
existence and fields fluctuate wildly. Two metal plates close together in
otherwise empty space are forced together by an imbalance in the quantum jitters
outside and between them — quantum nothing.
This year's Nobel prize in physics is for three
astronomers who discovered that the expansion of space is accelerating. The prizewinning
data suggests an unseen energy permeating space called dark energy that
yields a repulsive gravitational push. Its identity remains a mystery. Most
of the mass of the universe is in dark energy — cosmic nothing.
The Large
Hadron Collider is being used to find evidence for the Higgs field, which is
believed to permeate empty space. Instead of driving the expansion of space,
the Higgs would exert a drag on particles, giving them their mass. According
to theory, colliding protons should produce a Higgs particle — a dot
of nothing.
2011 November 24
The New Crisis
Spiegel Online
The eurozone is in crisis. Investors are no longer
buying sovereign bonds. Banks holding them are in trouble. States can no
longer expect capital markets to finance their budgets.
European banks are doing all they can to clear their books
of state bonds. Most of the bonds have likely landed with the ECB, which now
holds €195 billion in bonds but doesn't want more.
The comparison
with 2008 is frightening. The crisis has eaten deep into the credit system
and the situation is unsustainable. A loss of faith in European sovereign
bonds could lead to a death spiral.
The German
government has the key. Germany is the only eurozone country that investors
still trust. Either Germany guarantees eurozone debt via eurobonds or the
ECB buys bonds from debtors. There is no other way.
German
Bond Failure
Financial Times
A German bond auction Wednesday was a "disaster" — nervous buyers fear the eurozone debt crisis is
spreading to Berlin.
AR Oops.
Three
Pillars of Union
Manfred Schepers
European leaders should build a permanent
structure for eurozone governance. The new structure must assign
responsibilities clearly. My proposal:
1
ECB: The European Central Bank safeguards monetary, financial, and price
stability as the lender of last resort to the eurozone banking system, but
not to sovereigns.
2 EMF: A European
monetary fund oversees medium term debt sustainability by assessing
performance, providing support, and policing reform.
3 EDA: A European debt agency finances eurozone
member states by issuing eurozone sovereign debt, mutualized only to a level
consistent with medium term sustainability.
Changing the EU treaty to
establish the EMF and EDA will take time. In the interim, the ECB can fund
the EFSF to buy sovereign bonds that later go to the EDA.
AR Can the ECB fund the EFSF?
2011 November 23
Eurozone Unite!
Martin Wolf
The eurozone confronts three challenges:
1 Manage illiquidity in
public debt markets. Vulnerable countries cannot prevail with austerity.
Interest rates must be capped. The countries will still curb their deficits
and lower their debts.
2
Reverse divergence in competitiveness. Peripheral countries must become more
competitive. More inflation in partner countries would help them. Too much
price stability can be lethal.
3 Ensure stabler economic relationships within
the eurozone. The financial sector needs a common regulator and fiscal
authority and could use a unified bond market. Eurozone policies need
discipline.
AR Memo to Merkel: Your call.
How Good Are German Finances?
Spiegel Online
German national debt is too high. The Maastricht
Treaty required governments to bring the ratio of debt to GDP down to the
60%. The German debt ratio is over 80%, only average compared to other EU countries. Even Spain is below 80%.
The primary balance (PB) is the difference between
government revenues excluding new debt and government spending excluding
debt service costs. If the PB is positive, a country can cover its expenses
and meet its obligations. If it is negative, the country faces a growing
mountain of debt. To support bailout programs, donor countries expect
recipient countries to get PB surpluses.
From 2002 to 2006, the
German PB was in deficit. Italy generated a surplus in the same period,
and projects a surplus of 4.4% in 2013. Germany expects a surplus of 1.5% in
2013. If yields on German government bonds increased by only 1%, Germany
would have to pay €20 billion more in the medium term, but already new
German borrowing is only about €10 billion below its limit.
AR Politics trumps economics. If EU rules are
(a) sound and (b) followed, yields will go down and smiles return.
2011 November 22
UK Misses Debt Targets
The Times
David Cameron: "Getting debt under control is proving
harder than anyone envisaged."
AR
Spending cuts alone are not enough. Get people working at something useful.
There are surely enough infrastructure and service projects to keep a few
million people off the streets. If the finance sector can't find a way to
pay them a living wage while they work, tax the financial parasites into
exile. The illusion that financial services could save the British economy
was what got Britain into this mess in the first place. Hard work on
projects that add substantial value — that's the way out.
End
Top Pay Deals
Financial Times
UK High Pay Commission recommendations:
1 Restrict top pay to basic salary +
discretionary award of shares 2 Represent
employees on remuneration committees 3
Publish total pay earned by an executive 4
Publish pay ratio of top-paid executive to company median
AR Publish the facts and shame the pigs.
Lecture by Sir Ian Kershaw: Das Ende — Kampf bis
in den Untergang NS-Deutschland 1944/45
Deutsch-Amerikanisches Institut, Heidelberg
The end of the Third
Reich is puzzling. How can we explain the extraordinary cohesion of German
society right up to the bitter end? The most obvious explanation — that
people really did believe in Him — begs the question: why?
AR Sir Ian wrote the
definitive biography of Hitler. I read the thousand-page short edition in
2009.
2011 November 21
German Far-Right Threat
Spiegel Online
Today the German parliament debates far-right
violence in Germany. Government statistics show 46 homicides committed by
right-wing extremists between 1990 and 2008. Journalists have compiled a
list of at least 147 dead to date since 1990.
The Federal Court of
Justice demands strict proof in convictions for homicide based on political
motives. Such convictions are likely to be reversed on appeal. In some
regions, politicians and the police have collaborated to play down
right-wing extremism.
The Justice Minister proposes consolidating the
state branches of the domestic intelligence agency. And politicians are
discussing a new attempt to ban the NPD. The last attempt failed in 2001,
when it turned out that NPD functionaries had worked in intelligence.
AR Get tougher. Zero tolerance.
Splendid Little England
Lord Ashdown of Norton-sub-Hamdon
Britain could have joined the
euro in 1997. Instead it devalued and borrowed. Now it not only has to
improve competitiveness and produce goods the world will buy but also has to
cut a huge deficit. Britain could have helped build a better eurozone.
Britain has now lost its influence in Europe. The PM will swear to
defend Britain but achieve too little. Euro members will favor the ins
against the outs. A referendum in England will reach a foregone conclusion.
Another referendum may let Scotland go its own way.
AR
Paddy has a case. If Britain had joined the euro, it would probably
now be economically somewhere between France and Germany. Britons would be struggling
to keep up with Germany and to keep their AAA rating. British exposure
to Club Med debt would be their worst problem. Instead, Brits now watch Europe
fall apart, as it did a hundred years ago. If it does, we all go down.
2011 November 20
Lecture by Professor Olga Holtz: Mathematics as
Aesthetics
Deutsch-Amerikanisches Institut, Heidelberg
Mathematics is a
science that has a lot to do with creativity and aesthetics. Olga
Holtz was born in Chelyabinsk, Russia, in 1973. She is a winner of the
Sofja Kovalevskaja Award and a Professor of Mathematics at the
University of California, Berkeley,
a Professor of Applied Mathematics at the
Technical University Berlin,
and a Professor at the Berlin Mathematical School.
David and Angela
The Times
David Cameron's call for a "big bazooka" to blast the
euro crisis misfired in Berlin. He pushed for the ECB to print money to save
the single currency but Angela Merkel argued for "limited" treaty changes.
Cameron repeated calls for "decisive" eurozone action, Merkel insisted on a
"step-by-step" approach. The PM said a big bazooka was a "Superwaffe" but was told he had the wrong word.
AR
I think David will find the correct word is "Panzerfaust" (lit.
"armored fist") but I think Angela will agree that's the last
thing we need in Europe right now.
2011 November 19
Britain Versus Germany
The Independent
David Cameron and Angela
Merkel struggled to disguise the gulf between them on how to tackle the
eurozone crisis. They have fundamental differences on three key issues:
1 New eurozone rules. Merkel wants limited treaty changes negotiated by
eurozone members. Cameron wants Britain involved because of the potential
impact on the UK.
2 ECB intervention to support the eurozone. Merkel
says no, it would fuel inflation. Cameron says all eurozone institutions
must do what they can.
3 Taxing financial transactions within the EU.
Merkel supports this. Cameron says it can only work if applied globally.
Wolfgang Schäuble: "One day the whole of Europe will have a single
currency and perhaps it will happen more quickly than many people on the
British island think."
GEHÖREN DIE BRITEN NOCH ZUR EU?
Bild
Zeitung
Bei der Euro-Rettung stehen die Briten abseits — und auf der
Insel wird immer lauter gegen die EU gestänkert.
Jüngster Anlass: Die
Kritik von CDU/CSU-Fraktionschef Volker Kauder am Nein Londons zur
EU-Finanzmarkttransaktionssteuer, die u. a. die Banken an den Kosten der
Krise beteiligen soll.
O-Ton Kauder: "Nur den eigenen Vorteil suchen
zu wollen und nicht bereit sein, sich auch einzubringen, das lassen wir den
Briten nicht durchgehen. In Europa wird wieder Deutsch gesprochen."
United States of Europe
Spiegel Online
Former
German foreign minister Joschka Fischer wants eurozone countries to form a
powerful block in the European Union as an "avant-garde of the United States
of Europe."
Fischer: "When the others see how successfully the
avant-garde operates, many will want to participate." It would be a major
step toward the United States of Europe.
A European federal state
would go far beyond the Europe of the Lisbon Treaty. The Brussels
technocracy would be replaced by political institutions with the power to
shape economic and social policy for all of Europe. This can only work if
what happens at the European level is both fair and democratic.
European Commission
President José Manuel Barroso was wrong to tell the European Parliament that
his commission was the economic government of the union. Europe can run
without Barroso.
The most important decisions on rescuing the euro
were hammered out by national leaders. Merkozy presented the Brussels
machine with a fait accompli.
>> My longer cut
2011 November 18
German Euro Policy
Guido Westerwelle
The eurozone is the economic backbone of the
European Union. An erosion of the eurozone would jeopardize Europe as a
political project. Stabilizing the eurozone is in the interest of all 27 EU
member states, not least the UK.
1 Tackle
the immediate crisis. Protect states and banks from contagion. This includes
reform of the national economies in crisis. Saving the euro by sacrificing
monetary stability would be a mistake. Printing money would raise inflation
and dissipate incentives for reform. Price stability is of paramount
importance.
2 Plan for competitiveness
and growth. Complete the single market by extending it to growing sectors
and create a more enterprise-friendly environment. Emphasize innovation,
education, and research in EU budgets. Coordinate economic and financial
policies more closely.
3 Upgrade the
monetary union to a stability union. Sound budgeting is in the interest of
Europe as a whole. We need a treaty change to strengthen the economic and
currency union. The eurozone needs deeper integration through tighter
economic governance and tougher rules for the stability pact.
The British Disease
Spiegel Online
The UK has problems. Unemployment stands at 2.62
million, 8.3%, a million of them under 25, which is 1 in 5 young people.
Inflation is over 5%, consumer confidence is at an all time low. Economists
talk about a possible relapse into recession.
The Bank of England now
forecasts just 1% economic growth in the next two years. The Cameron
government needs an economic rebound to reduce the budget deficit. The
Labour Party calls for government investment to stimulate the economy.
Currently the risk premium on UK government bonds is no higher than that
on German bonds, despite deeper debt and lower growth prospects. But British
banks are sitting on their money and small business owners face a credit
crunch.
The British economy has serious imbalances. London and its
financial sector have weathered the crisis but the rest of the country
suffers. As jobs in manufacturing industry were lost, jobs in the new
service economy were supposed to replace them, but in many places this did
not occur. The diversified German economy is held up as a shining example.
Speedy Neutrinos
Financial Times
Physicists have new evidence to support the claim
that neutrinos travel faster than light. They carried out new experiments to
rule out possible sources of error as they shot beams of neutrinos from CERN
near Geneva to Gran Sasso in Italy. This time they sent neutrinos in short 3
ns bursts. This let them measure their time of flight more accurately. The
neutrinos still arrived 60 ns sooner than expected. More experiments will
run next year. The result needs to be confirmed independently elsewhere. A
team at Fermilab near Chicago will shoot neutrinos to Minnesota.
2011 November 17
TOP Thieves
The New York Review of Books
The One Percent issue is runaway
incomes at the very top. Much of this income comes from financial
investments, stock options, and other special financial benefits available
to the exceptionally rich, who are often taxed at very low rates.
Over the past few decades, almost all the gains for the top 20% were for TOP
earners. And half of TOP gains were by the top tenth of TOP (TTT). For
earners in the band 80% to 99% the share rose only slightly, and the share
for the bottom 80% fell.
Three out of five in the TTT are executives
or managers of financial and non-financial companies. All of them are paid
in part in stock options. Many TTT earners are lawyers who make money from
Wall Street. TTT executives manage their businesses to push up their stock
prices. Many cut labor costs and R&D to boost short-term profits.
The
United States is more polarized than other countries. American boards give
their CEOs and other high level executives big raises and generous stock
options. The executives keep wages down to push up stock prices. Corporate
takeovers and leveraged buyouts build up cash flow by cutting expenses to
pay off the debt they took on for their acquisitions.
Wall Street
used to work for business, but now it wastes hundreds of billions in
speculation and gambling. Occupy Wall Street is right.
Cold Atoms
New Scientist
Quantum physics lets cold atoms get
together to form molecules. UCLA physicist Wade Rellergert and colleagues
studied the interaction of calcium atoms with ytterbium ions. At room
temperature, either the two elements stay apart or an ytterbium ion takes an
electron from a calcium atom. The team cooled the atoms to 4 mK and found that
calcium atoms were pairing up with ytterbium ions. At room temperature, calcium
atoms move around so fast that an electrons rarely jump onto
ytterbium ions. But at ultracold
temperatures, an electron can blur out over both a calcium atom and an
ytterbium ion. The pair may then emit a photon and relax as a molecule.
Wet Chips
New Scientist
IBM researchers have invented a new type of computer chip that is both
powered and cooled by fluid pumping through it. The idea is to stack hundreds of
silicon wafers on top of each other to create 3D processors. Between each
layer is a pair of fluidic networks: one carrying in charged fluid to power
the chip, one carrying away the same fluid after it has picked up heat. The
new approach should shrink machines and reduce power consumption.
2011 November 16
Europe
Martin Wolf
Two thousand years ago, half of humanity was under
the control of the Roman and Han empires. The Han empire is reborn as the
People's Republic of China. The rebirth of the Roman empire is the dream
behind the European Union.
Germans believe a united Europe is in the
German interest. Chancellor Merkel seems to be following a "just enough,
just in time" strategy. [jujitsu — AR]
Italy may need to tighten fiscal policy by more than 5% of GDP to bring
public debt down from 120% of GDP. Austerity is not enough. Italy needs
export-led growth, but this will take time.
The Monti government needs:
1 Financing to roll over a trillion euros of
debt 2 Profitable and dynamic external
markets 3 Credible strengthening of the
political union
Germany has the power. Now it must take charge.
2011 November 15
No Nuclear Iran
Tzipi Livni
Iran poses a serious threat. Its people have suffered
for too long under a repressive regime that holds basic human rights hostage
to religious extremists. Now is the time for the international community to
stand together and confront the threat.
Biologism
Raymond Tallis
Biologism is the dual claim that the
mind is the brain and that Darwinism explains human behavior. If the brain
is an evolved organ, then the mind is a cluster of apps or modules securing the
replication of our genes.
A brain in good working order is necessary
for human consciousness, but many aspects of everyday human consciousness
elude neural reduction. A community of minds cannot be inspected by looking
at the activity of the solitary brain.
Terrence Deacon says we are
influenced by "absentials" such as beliefs and possible states or events.
Living organisms are shaped and defined by the constraints placed on their
development. Mind emerged not from matter but from the constraints on
matter.
Michael Gazzaniga says mental activity is not reducible to
neural events. Minds emerge from the group interactions of many brains. The
community of minds is where our human consciousness is to be found. We are
people, not just neural machines or smart apes.
AR Consciousness
in community — this is good. The absential halo invites the quantum
treatment I sketched in Mindworlds.
Greece and Italy
Gideon Rachman
Greek PM Lucas Papademos and Italian PM Mario
Monti are at home in the world of yield curves and markets. We must hope
they can work miracles. For if they fail, the extremists are waiting.
Collectively,
the political extremes in Greece now muster more support than either of the
two mainstream parties. And Italy is no stranger to powerful communist and
far right movements. In the other nations of Europe, rising radical parties
rail against elites and are hostile to globalization and immigration. All
the populists are deeply sceptical of the European Union.
Across
Europe, there is no extreme party that looks close to winning power. But
imagine what would happen if banks started to collapse, people lost their
savings and their jobs, and there was another deep recession. Voters would
turn to the extremists.
BARF: The Brown Army
Faction
Spiegel Online
A bomb wrecked a house a week ago in Zwickau. Z
left the house shortly before the explosion and disappeared. Hours earlier,
M and B robbed a bank and then shot themselves in a burning vehicle.
Police
found four DVDs in the wreckage. A video by the National Socialist
Underground (NSU) was burned onto them. The authors form a network of comrades
who value action above words.
The BMZ trio may be the hard core of a Brown Army Faction.
This sort of terrorism was last seen forty years ago with the Red Army
Faction. For each of its attacks, the RAF wrote a letter explaining why they
killed their latest victim. BARF fits the pattern.
2011 November 14
Romney On Iran
The Times
Republican presidential front-runner Mitt Romney says
America must be ready to go to war with Iran. He hints that the outcome of
the 2012 presidential election will be decisive: "If we re-elect Barack
Obama, Iran will have a nuclear weapon. And if we elect Mitt Romney — if you
elect me as the next President — they will not have a nuclear weapon." He
said America must not shirk its responsibility as leader of the free world:
"If all else fails ... Then of course you take military action."
AR Right on, Mitt.
Fixing Italy
Financial Times
Italy and Europe can now look forward to a new
administration led by Mario Monti. It must rebuild confidence among
investors and allies by fixing both the Italian economy and the broken trust
between voters and politicians. The new team must reform the labour market,
open up the service sector, change the tax system, and try to balance the
budget and reduce the debt burden.
02011-11-13
Confidence Man
Ezra Klein
In 2008, Barack Obama was presented with an economic
crisis of astonishing severity. He underestimated it. Almost everyone did.
But then the problem was political. Having passed a very big policy that you
promised would revive the economy, the country blames you when the economy
does not revive. Barack Obama was the greatest confidence man of the last
few years. He gave America hope. He made America believe he could deliver
change. But the president needs to do more than lead. He needs to govern.
APEC TPP
President Obama said at the Asia-Pacific Economic
Cooperation (APEC) summit in Honolulu that the new Trans-Pacific Partnership
(TPP) with eight other Pacific states can be a model for future trade
agreements elsewhere. The TPP will ensure that state-owned enterprises
compete fairly with private companies and will address digital technologies.
The 21 members of APEC account for 55% of global GDP, 43% of world trade,
and 58% of U.S. exports.
AR Europe is
fading — long live Globorg!
2011 Wellcome Trust Science Writing Prizewinner
The Nocebo
Effect
Penny Sarchet
The nocebo effect is the flip-side to the
placebo effect. When volunteers feel nocebo pain, brain scans show they
really are responding to neurological pain. One of the neurochemicals
responsible for converting the expectation of pain into pain
perception is cholecystokinin. When drugs block cholecystokinin from
functioning, patients feel no nocebo pain. But telling volunteers who had
been given a strong opioid painkiller that the drug had now worn off was
enough for their pain to return.
If
doctors try to avoid lawsuits by overemphasizing side-effects to their patients, the nocebo effect can
cause a treatment to fail before it has begun. Many illnesses like allergies
or back pain could be physiological in some people and nocebo effects in others. We should think twice before medicalizing them. We
should not build up our everyday worries into psychological syndromes and we
should make health warnings on new drugs specific and accurate.
AR This is my short cut of a much longer essay.
02011-11-12

Photo: Rolfe Horn The Ten Thousand
Year Clock
IEEE Spectrum
The 10 000 Year
Clock is a monument-size mechanical clock designed to measure time for
ten millennia. Designed by MIT engineer and Thinking Machines supercomputer
guru Danny Hillis, the clock is the flagship project of his
Long Now Foundation,
founded in 01996 with help from Amazon billionaire Jeff Bezos.
02011-11-11
Simply Baroque! Jan Vogler and the
La Folia Baroque orchestra
played works by Händel, C.P.E. Bach, Fasch, and Telemann in the Mozart
Theatre,
Schwetzingen Palace
AR Simply heavenly!
The Big Lie
Barry Ritholtz
Wall Street has a Big Lie. It is that banks and
investment houses are merely victims of the crash. The entire boom and bust
was caused by misguided government policies. It was not irresponsible
lending or derivative or excess leverage or misguided compensation packages,
but housing policies that were at fault.
New
York Mayor Michael Bloomberg built Bloomberg Data Services on the notion
that data are what matter most to investors. He put the Big Lie like this:
"It was not the banks that created the mortgage crisis. It was, plain and
simple, Congress who forced everybody to go and give mortgages to people who
were on the cusp."
Banks present a systemic risk to the economy, but
reducing that risk by lowering their leverage and increasing capital
requirements lowers profitability. Congress deregulated the financial sector
and the Fed turned a blind eye to bank abuses. The Big Lie is that free
markets require no adult supervision.
The One Percent
George Monbiot
TOP people have extraordinary intelligence or
creativity or drive, they say. Nobel economics laureate and psychologist
Daniel Kahneman studied the performance of wealth advisers and found that
those who got the biggest bonuses had just got lucky. Wall Street traders
and fund managers are paid millions for gambling.
In another study, senior British
managers and CEOs were tested against patients at Broadmoor hospital for the
criminally insane. The bosses were often worse than the patients.
Egocentricity, a sense of entitlement, a readiness to exploit others, and a
lack of empathy and conscience are good for business.
Not all
executives are psychopaths. But the economy has been rewarding the wrong
skills. Chief executives are paid sums out of all proportion to the work
they do or the value they generate. They are no more deserving of their
wealth than oil sheikhs.
TOP bandits have been stealing our
wealth for decades. In the United States between 1947 and 1979, both
productivity and the income of the bottom fifth of the population rose by
about 120%. From 1979 to 2009, productivity rose by 80% and the income of
the bottom fifth actually fell, but TOP income nearly trebled.
AR We 99ers need to get angry.
|
Europe
Timothy Garton Ash
The economic and financial crisis is
accelerating the shift in the balance of power from West to East. The West
is now forced to ask the Chinese to invest and purchase government bonds.
But this is not the Red Army. The Chinese are showing up not with tanks but
with investments.
We have to build this Europe with the material we
have at our disposal. And this material is national democracy. Today, the
key to Europe's renewal lies in the national democracies. We should apply Churchill's words about democracy to Europe: We have
the worst of all Europes, except for all those others that have been
tried.
For the first time in its history, Europe has a union of
politics, economics, and security policy, in which most people are free and
also enjoy prosperity, freedom of movement, and social justice.



Priestmangoode Moving Platforms
Priestmangoode
Future rail travel can use a rail infrastructure where local
trams connect to a network of non-stop high speed trains enabling passengers
to travel from their local stop to a local address at their destination
(even far away) without getting off a train.
A tram picks
you up from your local stop, runs fast alongside a high speed train, and
docks to let you cross. Near your destination, you cross to another docked
tram and ride to your destination. The high speed train need never
stop. This reduces journey times.
Economics Is No Science
Stephen Cave
Behavioral economists think policymakers need better
models of human behavior.
Economists try to keep up with psychology
but research on human irrationality suggests they are still way behind.
We have evolved to inflate our achievements, play down our failings, and
rationalize away our mistakes.
Neuroscience shows that the structures
of our brain are ill adapted for modern life.
Economics should be
rebuilt on evolutionary biology.

OUT
Transgender
supermodel Andrej Pejic on cover
of OUT November 2011
In the last year of World War II, as many people died in Europe as on all
military fronts throughout all of World War I.
Ian Kershaw

LEGO
The Lego Technic 1/12 model of the Unimog has 2048
pieces. Price ca €160

OH Olga Holtz
Sex And Porn
Slate
Sex education should value sexual pleasure. If teenagers
don't learn much about sex beyond how to use a condom from trusted adults,
they're going to turn to porn. And porn is no good on women's pleasure.

AMM Egyptian student
Ms al-Mahdi makes a
political statement with her online photos.
AR
Long live the revolution: Have no sex, speak no mind, see no truth.
QE Prize for Engineering
The Times
The Queen Elizabeth Prize for
Engineering, announced today, will be awarded for an engineering achievement
that an international panel of judges decides has created the most
significant benefit to humanity.
The £1 million prize will be:
1 First awarded
in 2013 then biennially 2 Shared by up to three people
of any nationality 3
Not awarded posthumously 4 Managed by the Royal
Academy of Engineering
UK Libel Law Reform
libelreform.org
Campaigners crowded in the House of Commons to press MPs to reform the libel
laws in the public interest.
AR MPs: Just
do it, now.
Strengthen Europe
Angela Merkel
It is time for a breakthrough to a new Europe.
Our task is to complete economic and monetary union.
If the euro
fails, then Europe will fail.
We need a rescue fund to hold the
euro together. We need to build a firewall if Greece
reschedules its debts.
We need better budgetary control throughout
the eurozone.

Splash News Jennifer Nicole Lee, 36, mother of two, fitness guru
AR This is news?

Tracey Emin by Jonathan Hordle
Tracey Emin, Royal
Academician and recent Visionary victor at the Women of the Year awards, met
the Queen on Friday.
AR This counts as
news in the British Sunday papers.
Market Spikes Rescue
Market upheaval in Europe has made it
difficult to increase the firepower of the eurozone rescue fund to the
trillion euros that leaders wanted. Luring investors back by offering
insurance on losses will be expensive.
AR
Leaders must supply vision. Then investors will risk losses.
|

Imperial War Museum
Passchendaele, 1917 |

The Times November 11 is
Poppy Day |
|
Cool To Be Kind
When you perform an act of
kindness your brain produces dopamine, associated with positive thinking,
and endogenous opioids that make you feel good. If you do an act of kindness
face-to-face with someone, your body produces oxytocin, the bonding hormone.
Kindness benefits your blood pressure and your nervous system.
November 13 is World Kindness Day
Lightning Delays
Wired
The U.S. Air Force has confirmed that the Lockheed Martin
F-35A Lightning II probably won't be ready for combat until 2018. The new
fighter has been beset by parts failures, design changes, and a 64% increase
in overall cost since development began in 2001. At nearly $400 billion and
counting, the program still needs thousands more test flights before the
first batch of regular pilots can begin training. The effects of the delay
are cascading through the USAF. The Force must keep its cold-war-era F-15s
and F-16s in service far longer than originally planned.

Activision Call of Duty: Modern Warfare 3
Latest instalment of the best- selling game franchise ever
Clocks
New Scientist
Nuclear clocks could be 60 times as accurate
as atomic clocks. The idea is to use an atomic nucleus as a tuning fork. A
nucleus jumps up and down between energy states only when primed with a
specific frequency of light. Tuning a laser to prime it sets the frequency
with high precision. Atomic clocks are similar but electrons do the
jumping. The most accurate atomic clocks drift by an amount equivalent to
4 seconds since the big bang (1 part in 10^17). A nuclear clock based on
thorium would drift by 1 second in 200 billion years.
Big Bang Boom
The Observer
A California TV comedy is being credited with making
physics "cool" among British teenagers. There has been a 10% boom in the number
of students accepted to read physics since 2008/09, when The Big Bang Theory
was first broadcast in the UK.
Fast
Young Pulsar
New Scientist
Millisecond pulsar J1823-3021A is 25 million years
old, spins 185 times per second, and is 28 000 light
years away. The NASA Fermi space telescope has confirmed from
its copious gamma rays that it is losing energy fast. Pulsars are
neutron stars that beam signals like lighthouses. Millisecond
pulsars are supernova remnants that spin fast. Most seen so far are
about a billion years old.
End Times
Niall Ferguson
The great divergence
began half a millennium ago. Westerners got
richer than everyone else. A century
ago, a few Western empires controlled
most of the world and its riches. The gap
between the West and the Rest widened until
thirty-odd years ago. Now it is shrinking fast.
The West surged ahead thanks to six
killer apps: Competition The scientific
revolution The rule of law Modern medicine
The consumer society The work ethic
Western predominance is ending on our watch.
The Rest has figured out how to download the apps.
TED talk video Niall Ferguson
Google Translate
Slate
Google Translate mines existing
translations and uses probability to deliver the best match based on context.
Today, it understands language as well as a child of ten, but it
is learning fast.
|
2011 November 10
Italy May Go Down
Nouriel Roubini
Italy may soon lose market access. This could
lead to a forced restructuring of its public debt of €1.9 trillion. That
would not solve its flow problems. Italy may need to exit the eurozone.
Italy and other illiquid sovereigns need a big bazooka. But there is none.
Italy needs a primary surplus of over 5% of GDP just to cap its debt.
Output is in free fall and the austerity that Germany and the ECB are
imposing will make the debt worse. Restructuring the debt won't restore
growth and competitiveness.
To head off disaster:
1 Make the ECB an unlimited lender of last
resort 2 Let the euro fall to parity with the
dollar 3 Give the eurozone core a fiscal
stimulus 4 Impose austerity in the eurozone
periphery
The Origin of Sex
Thierry Lodé
My theory is that sex originated from
an archaic horizontal gene transfer process among prebiotic bubbles on the
ocean surface. Bubbles exchanged genetic material
freely, leading to more bubbles with membranes allowing meiotic
recombination of DNA. Bubbles exchanging genes were selected for adaptive
variation. Primitive interactions selected the most libertine bubbles.
2011 November 9
Five Reasons Not To Bomb Iran
Foreign Policy
1 There's no good end
state. Striking Iranian nuclear sites is like mowing the grass. Even in the
best case, the Iranians would react with the kind of legitimacy and urgency
that can only come from an attack by an outside power.
2 No one can prevent Iran from acquiring a
nuclear weapon except Iran. Denying Iran a weapon means changing the
national calculation and motivation of a power that historically has
imagined itself as a great nation.
3
There are severe costs to the United States. The price of oil would spike
exponentially. The Iranian capacity to wage a clandestine war against
American and Israeli interests across the Mideast is formidable.
4 It will legitimize and popularize Iran in the
Mideast. Sanctions may never stop the Iranians but they do have some impact.
An Israeli attack could undermine all that good work and would enrage the
Arab street.
5 If the Israelis strike,
the United States is involved. Tehran will assume that the attack was
coordinated with the United States. The United States is involved in two
wars in two Muslim countries. The last thing it needs is another one.
Eurozone Exit
Martin Wolf
Greece would introduce a new drachma. New contracts
executed under Greek law and taxes and spending in Greece would be in this
currency. Existing contracts would stay in euros. Banks would have legacy
euro accounts and new drachma accounts. The market would set the
drachma-euro exchange rate.
The Greek government would strive
for fiscal balance. Its central bank would manage the drachma.
Hyperinflation could be avoided with external support. Public and private
default on euro liabilities would be massive. But the only way to avoid
contagion is for the eurozone to grow its way out of the crisis.
Berlusconi To Go
Financial Times
Italian PM Silvio Berlusconi pledged to resign
after parliament passes a new financial stability law that will implement
fresh austerity measures demanded by the European Union. After his
announcement share prices rose worldwide and the euro rallied.
AR An austere Italy without SB — new hope dawns.
2011 November 8
Unconscious Knowledge
David Eagleman
There is a gap between what your brain can do and
what you can tap into consciously. Some experts can rapidly ascertain the
sex of one-day-old chicks, based on very subtle visual cues, but they cannot
say what those cues are. They look at the chick's rear and just know the
correct bin to throw it in. The experts teach student sexers by standing
over them as they pick up a chick, examine its rear, and toss it into one
bin or the other. The master gives feedback: yes or no. Weeks later, the
student is trained.
During World War II, under threat of bombings,
the British needed good aircraft spotters. The government tasked the best
spotters with training others, but the spotters were unable to explain their
strategies. So new spotters were trained by trial and error. A novice would
hazard a guess and an expert would say yes or no. Eventually the novices
became experts.
Patients
with anterograde amnesia cannot consciously recall new experiences. If you
spend an afternoon trying to teach them a game, they will say the next day
that they can't recall the session. But their performance on the game
improves just as much as nonamnesiacs. Their brains learn the game but the
knowledge is not accessible to their consciousness. Essentially everything
about your interaction with the world rests on this process.
Mental Disorders
New Scientist
In the industrialised world, roughly 1 person in
every 25 has severe mental disorder, and nearly half of us will experience
some kind of mental illness during our lives.
Conditions like schizophrenia, bipolar disorder,
and autism, are at least in part inherited. Perhaps natural selection has
not eliminated them because they were once advantageous to humanity.
The stone-age tool revolution around 100 000 years ago may have been
triggered by people with traits on the autism spectrum, who can be
systematic and cherish precision. By about 35 000 years ago modern humans
were painting pictures on cave walls that resemble the drawings of some
autistic people.
Evidence of religion and
spirituality also appear during this period. Shamans painted some of the
cave art, and modern shamans tend to be unusual and creative people, who may
have schizophrenic traits and often appear to have had mood disorders.
Complex emotions such as compassion set us apart from other species.
Neanderthal shared almost all their genes with modern humans, but they
carried subtly different forms of genes associated with autism and
schizophrenia.
Researchers call such genes orchid
genes: nurture them and the carrier thrives, neglect them and a maladaptive
trait appears.
2011 November 7
Bombing Iran
Tony Karon
This week the
International Atomic Energy Agency is expected to reveal that the Islamic
Republic's nuclear program may include a "possible military dimension"
enabling Tehran to build nuclear weapons, and that Iran may have
conducted work on warhead design and experiments on triggering systems for
nuclear weapons.
Israeli headlines last week featured leaked accounts
of fierce debates about bombing Iran and warnings that Israel could start a
war without first consulting Washington. Media spectacles included a
long-range missile test, a long-distance Israeli Air Force exercise, and a
civil defense drill.
Intelligence correspondents say the war talk is
part of a strategy to raise pressure on Iran. But former Mossad chief
Ephraim Halevy said Iran represents no existential threat to Israel. New
Mossad chief Meir Dagan dismissed bombing Iran as "the stupidest idea
I've ever heard" and said Israel could not win the resultant war.
Tragedy of the Commons
Financial Times
Last week the U.S. Senate killed a $60 billion
bill to upgrade America's infrastructure. Republicans objected that it would
be funded by a 0.7% surtax on millionaires. In 2005 Republicans on Capitol
Hill passed a $280 billion Highways Act stuffed with boondoggles. Those were
the good old days.
Even U.S. aviation and
internet infrastructure is outdated. Last week Washington scrapped a plan to
fund a satellite-based air traffic system to replace antiquated radars. Car
drivers with satellite navigation systems are years ahead of the aircraft
above them. As for the internet, the OECD says average U.S. home connection
speed ranks 29th out
of its 34 members. Some countries, such as France, Japan, and Sweden, offer
speeds more than four times greater than what U.S. citizens endure.
The United States would need to spend more than $2 trillion in the next
five years to maintain its existing infrastructure. Obama could find a new
way to fund the infrastructure bank but instead he let Republicans vote
against a minor surcharge on millionaires. It might work politically but it
is bad news for U.S. competitiveness.
2011 November 6
Defending German Sloth
Fareed Zakaria
Europe created a single currency without adequate
fiscal policy coordination. Now Germany is trying to force countries like
Greece to enact meaningful reforms. If the Germans guarantee eurozone debt,
financial panic would end but countries like Greece and Portugal would feel
no pressure to balance their budgets, repair their fiscal houses, or become
competitive.
Germany is trying to force as much reform in debtor
countries as possible in part for political reasons. German taxpayers would
revolt if Chancellor Merkel guaranteed the debts of countries like Greece.
Greece will likely fail but the European Central Bank can stabilize the
euro. Recapitalizing the ECB sounds much better in German than bailing out
the Italians.
2011 November 5
 |
Today in 1605, Guy Fawkes was arrested in
London and charged with high
treason. He was hanged, drawn, and quartered in January 1606. He had
been involved in a Catholic "gunpowder plot" to blow up
the British Houses of Parliament.
His image is now used by the hacktivist collective
Anonymous. |
2011 November 4
The World from Berlin
Spiegel Online
Handelsblatt: Either Greece accepts European help or it leaves the
eurozone. If Greece left, attention would move on to the next weak link in
the chain. A domino effect could reach France.
Die Welt: Merkel
and Sarkozy bet the house with the Greek prime minister. They said the Greek
referendum would be a vote on Greek membership in the eurozone.
Frankfurter Allgemeine Zeitung: Merkel, Sarkozy, and Juncker seem to have
run out of patience. The dangers are obvious. It could become a slippery
slope. Europe is experiencing a crisis of confidence.
Berliner
Zeitung: Regardless how the Greek drama ends, confidence in the euro has
been damaged. The message sent by Merkel and Sarkozy was that the euro was
not built to last.
Süddeutsche Zeitung: The Italians will
determine whether the euro survives. Italy has 60 million inhabitants, the
third-largest economy in the euro club, and €1.9 trillion of debt. Blame the
Berlusconi government.
Die Tageszeitung: How do you build a
firewall in Europe? How do you protect Italy and Spain? Italy is close to
bankruptcy. But who will buy Italian bonds? The eurozone is
facing a crash.

Foto: DLR/ESA Mars 500
Spiegel Online
A Russian team has just ended the longest manned
mission in the history of space flight. After 520 days of isolation in a
container in Moscow, six men ended their "Mars 500" simulation of
a flight to Mars. The German Center for Air and Space Travel
participated in the experiment and called the windowless container a mixture of Finnish
sauna and seventies loft apartment.
Scientists and Autism
Nature
Autism spectrum disorders can range from profound autism
to Asperger's syndrome. The idea is popular that many people in professions
such as science and engineering are on the spectrum.
Simon Baron-Cohen at the University of Cambridge, UK, thinks the parents
of autistic children have an aptitude for understanding and analyzing
predictable, rule-based systems. He thinks the genes that give parents such
minds could lead to autism in their children.
In a
survey of Cambridge undergraduates he found that those studying mathematics
were more likely to have been diagnosed with autism than were students
majoring in medicine, law, or social science. And students in science and
maths had higher scores on measures of autistic traits than did students in
the humanities and social sciences. He says systemizing is part of a broad
autistic phenotype.
Other researchers suggested that fathers of
children with autism are just more educated. A 2010 analysis of autism
diagnoses in California found clusters in areas where parents were older and
more highly educated. People with more education tend to have children later
in life. Perhaps age is the key.
The autism enigma
2011 November 3

Image: Martijn van den Heuvel/University Medical Center
in Utrecht Connectome with hubs: green—red = fewer—more
connections
Brain Hubs
New Scientist
Researchers have found that 12 well-connected hubs
orchestrate neural traffic in your brain. The hubs form six pairs, with one
of each pair in each hemisphere:
1
The precuneus seems to integrate high-level information from
all over the brain. 2 The superior frontal
cortex plans actions and governs where to focus
attention. 3 The superior parietal cortex is
linked to vision and locates nearby objects.
4 The hippocampus processes, stores and
consolidates memories. 5 The thalamus
interlinks visual processes, among other things. 6
The putamen coordinates movement.
The hubs enable the brain to
integrate information for decisions.
Cannes 2011
Financial Times
The OECD predicts weak GDP growth in the USA,
negative growth in parts of Europe, and slower growth in emerging economies.
The USA did its best to win the Cannes G20 summit award for the most
incompetent decision making. But eurozone leaders take the prize by letting
Greek debt get out of hand. G20 action items:
1
Exchange rates. Protectionism is creeping back as currency manipulation.
Countries in surplus should let demand rise.
2 Monetary policy. The Bank of Japan should
scale up its asset purchases and the ECB should lower interest rates.
3 Fiscal stimulus.
Countries in surplus should increase public spending. China must move to a
consumer-driven model. Germany should think about Europe. The USA needs more
stimulus.
For the global economy, 2012 could be dismal. World leaders
must rise to the challenge.
AR The G20 is
currently the top political organ of
Globorg. Google is currently the top functional organ.
|
The Quantum Universe
Brian Cox and Jeff Forshaw tell
those uncomfortable with quantum theory: "It is the resistance to new ideas
that leads to confusion, not the inherent difficulty of the ideas."
Asteroid YU55
CNN
An asteroid "the size of an aircraft carrier" passed within the moon's orbit Tuesday, the closest approach by an object that large in
over 30 years. The asteroid passed within 202,000 miles
of Earth.
AR A lump of rock some
400 m in diameter (that's something like 100 megatons in mass, whereas
aircraft carriers have mass in the 100 kiloton range) passed with about
320 Mm of Earth. The more relevant fact is that if it had hit Earth it would
have caused a magnitude 7 earthquake.

National Gallery, London Salvator Mundi Leonardo da Vinci
Biography
Geoff Dyer
After reading half of the manuscript of
Richard Bradford's biography of him, Martin Amis didn't like what he saw and
the original publisher pulled out. Amis is hyperallergic to bad writing and
seeing his life half-swaddled in Bradford's sentences must have induced
anaphylactic shock. As the subject of this
biography has pointed out, style is not something added after the fact, like
nice wrapping paper. It is the thing, the gift, itself. And once the
sentences start running away from a writer, everything else goes as well.
New British Muslims
The Independent
Since 9/11, some 100 000 British people, 75% of
them women, have converted to Islam. Most of the women, of average age 27,
said they felt confused after conversion. A quarter of them liked Islam
because of the rigid gender demarcation.
Nostradamus
Colin Dickey
Nostradamus was born in France in 1503 and worked as a pharmacist. In
1534 his wife and children died of the plague. For years he battled the plague.
In 1550 he began to publish weather almanacs that
brought him wealth and fame. In 1555 he published The Prophecies and
the queen of France, Catherine de Medici, began to consult him.
He
died in 1566 but his writings lived on. People said Napoleon was the
first prophesied Antichrist, the second Hitler. The third is yet to come.
Revelations
Elaine Pagels
The Book of
Revelation is the strangest book in the Bible. It doesn't have any ideas, stories, or moral
teaching. It only has visions, dreams, and nightmares. How do we account for the fact that
ever since it was written the book has been enormously influential in western culture?
I chose the book of Revelation as the
toughest test case for the question: Why
is religion still around?
The Book of Revelation
Edge
Master Class 2011 Elaine Pagels
No Quantum Jerks
New Scientist
Quantum mechanics may soon explain why wave functions
collapse on measurement. The GRW approach said collapses are random and rare for any given
particle, but measuring a particle quangles it with the measuring equipment so any collapse triggers
collapse of the whole quangled mass. Refining GRW with continuous spontaneous localization (CSL) triggered
by fluctuations in an extended field caused jerks that clashed with special relativity. A new
field smooths out the jerks and makes CSL relativistic, says
Daniel Bedingham.
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