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Economics Environment Politics & government

[482] Of State of the Union 2005

Are you folks ready for our annual laugh?

I hope Bush has finally learnt his past mistakes, or else. Five more minutes and oh, I can’t wait to listen to him.

p/s – alright. I take that back. It was good, at least to me and especially how he brought the social security issue to the table. I understand how the social system is flawed but I’m not sure privatization is the right solution. Regardless of that, I prefer one, instead of letting somebody else or the government to finance one’s own future. The current system put the unnecessary burden on the wrong generation.

The environment though, received scant attention. Bush wants to encourage hydrogen fuel – something that he said in his last address. I’m not sure if he is actually trying anything at all though.

He also mentioned about cutting down spending while making tax cut permanent. Heh! Reagan wanted that too. I don’t think cutting down both taxes and spending simultaneously is easy, if impossible is not the right choice of word. It is easier said than done, still.

pp/s – Low Culture is having some fun on Bush. More should be coming, considering how the authors love Bush. I’ve been reading the blog for a couple weeks now and I like it. It’s now under blogroll.

Categories
Economics Sports

[481] Of Man Ure

Every dog has its day. I wish Chelsea godspeed and Man Ure the devilspeed. Must be a bad weekend for both Ajax and Arsenal. At least Ajax didn’t lose.

At the same time, a lot of cruel people are having fun on me. But that is expected of since I always zealously push everything down Manchester United fans’ throat whenever they lose to anybody. It’s only fair to let them have a holiday once or twice during the season.

Thank goodness for people that I meet in person everyday don’t give a damn for soccer. And now I remember why I’m a Manchester-United-hater.

Anyway, Google is running amok.

The earnings were seven times higher than a year earlier on revenue that doubled to more than $1 billion. The news also lifted shares of rival Internet companies Yahoo Inc. (YHOO.O: Quote, Profile, Research) and Ask Jeeves Inc. (ASKJ.O: Quote, Profile, Research) , setting the tone for a possible tech rally on Wednesday.

I wish I were one of the stockholders.

Categories
Economics This blog

[480] Of Ford School Citigroup Lectures

Nobel prize winner and author of the highly regarded Globalization and Its Discontent, Prof. Joseph Stiglitz will be giving a lecture here in Michigan roughly in two weeks time. He and along with two others won the prize for economics in 2001 for their research on asymmetric information.

I’ve read Globalization and Its Discontent long ago but I borrowed it from the library. It is an enlightening book though I do feel the title is a misnomer. It should be International Financial Institutions and Its Discontent or something like that. Nonetheless, I need to buy it, meet the Prof and get it signed!

This time, I promise myself to be at the lecture hall an hour earlier and I’m going to sit in the front row. Maybe second or third but you get the idea. I’m sure the lecture will be as packed as Prof. Noam Chomsky’s and I really hate standing by the door.

Details at Michigan Economics.

And w00t! 500th post. Another 500 to my 1000th post. Also, another 100006505606161000 t0 the 100006505606161500th post – quite meaningless actually.

Categories
Environment Liberty Politics & government Pop culture Sci-fi

[479] Of Iraqi National Assembly election

Very soon, in less than 24 hours, the Iraqis will be able to decide the future of their country. Finally for the first time in an episode of a tediously long drama, they will be able to participate in a countrywide democratic process.

Earlier, I had actually thought that this election would elect the head of the state and other high state functions, similar to the November US presidential election. I was wrong.

Instead, the individuals elected into the Iraqi National Assembly will discuss and draft a new permanent constitution for Iraq. Later, the constitution will be voted by the Iraqis in a referendum. Moreover, the National Assembly will act as a transitional government, replacing the interim government. Once a version of the constitution is voted and agreed upon, the transitional government will be dissolved, making way for a permanent government. According to Wikipedia, the referendum must be held by October this year.

Wonderful isn’t it? It sounds so soon whereas the occupation seems to occupy reality ages ago.

In retrospect, I believed the war was unjustified. I still believe the war is unjustified. The Bush administration had blatantly lied in the face of public scrutiny and then went ahead to drive its war vehicle despite the red light could clearly be seen from even the back seat. In spite of that, one can’t push away the notion that Iraq, in some dimensions — for instance, pertaining to democracy and the environment — is improving.

Furthermore, what’s done is done and there is no need to lament too much about the past. The only acceptable conduct now is to make it the best out of the worst. This progress in Iraq is something that we all should be smiling for. Never mind which side you and I, they and us stand on the issue.

Meanwhile, the resistance movement has pledged to disrupt the upcoming election. It is unfortunate but comprehensible. It is imperative nevertheless for Iraqi to vote and not cave in to the threat. Submission to fear will lead to a slower resolution. The Coalition troops (really, the US and the UK. Alright, alright. And Tonga and Solomon Islands and…) have the obligation to remove the fear and they have imposed a curfew in order to prevent attack from occurring, or perhaps, more realistically, limits aggression.

Saddest part of this desert opera is not the threat of disruption by the resisting forces. Rather, minus the unlawful invasion itself, it is the decision of major Sunni groups to boycott the election. It is but a fool who would disfranchise himself from his own future. This will be the Iraqi Sunni greatest undoing.

We could only hope for the groups to change heart though I’m skeptical that would happen. I am, however, optimistic for Sunday. Indeed, we all should hope this event will go through without too much unnecessary cost.

p/s – ehem.

More on starwars.com. (via)
pp/s – the 2005 Environmental Sustainability Index is finally out. Read entry [495] and [496] for context. Malaysia got the 38th rung, moving 30 places from its initial position in the 2002 index. Malaysia also is the most environmental sustainable in ASEAN though issues like Bakun, Broga and Tioman tend to make me skeptical of the report by a tiny bit.According to the report, there are five variables and one of them is Social and Institutional Capability. This variable fit exactly of what I talked about in the two entries of mine. They however went further by including other variables and the inclusion of four other variables will certainly explain the variability (the R-square for those of you who are familiar with econometrics) much better.

Categories
Liberty Politics & government

[478] Of SpongeBob

First off, I don’t watch SpongeBob. It’s just not my taste and I don’t know anybody with my age that would watch it.

Fair use. Taken from Wikipedia

But, SpongeBob said:

I pledge to have respect for people whose abilities, beliefs, culture, race, sexual identity or other characteristics are different from my own.

And BAMN (not to be confused with BAMN, the U of M Ann Arbor campuswide party that is known to commit itself in excessively loud deplorable shouting match instead of a civilized political discussion)! The fundamentalist rightist goes nut!

Now, the gay movement is having a field day by criticizing the rightist attack on a cartoon character. Tsk, tsk, tsk. I’m just glad I’m not in the middle of a potentially ugly but silly fray.