Categories
Politics & government

[293] Of touching post

I saw this one on Yahoo! Message Board regarding Harry Truman.

LOOKING BACK 60 YEARS……
by: toritto2000 02/13/04 12:21 pm
Msg: 81 of 116
2 recommendations

…..it seems so strange that an ordinary man. a man who ran a clothing store in Missouri, could not only become President of the United States, but one of the great ones at that.

While he was picked as a VP for FDRs last term because he was considered “safe” and not particularly troublesome, he took the mantle of responsibilty when FDR died and then was elected in his own right against the Republican candidate everyone thought was going to win – Tom Dewey of New York.

We have lost a great deal in the last half century – how impossible it seems for any “ordinary” man to be President…now we will have a choice of one rich guy who went to Yale and lives in Texas vs. one rich guy who went to Yale and lives in Massachusetts.

How sad……

p/s – for Earth’s sake, anyone but Bush 2004.

Categories
Economics

[292] Of USD’s falling strength and G7

Alan Greenspan declares that he won’t interfere with the declining dollar strength. His refusal to step in is somewhat comprehensible since a weaker dollar will make American made products more competitive – American products will be able to sell at a cheaper price abroad. This however makes foreign products more expensive and thus forcing American import to fall – a sort of an implicit tariff imposed on import. And understandable, this irritates other trading countries, especially the European Union.

Recently, a G7 meeting was held in Roca Raton, Florida and one of the main focuses was the free fall of the dollar against other major currencies, notably the Euro and the Yen. The US refusal to control the dollar rate came under fire but somehow, the US diplomats managed to divert the attention given to them. Instead of criticizing a country sandwiched between the Pacific and the Atlantic, the G7 stared at Japan and other Asian nations. The final statement issued by the G7 was:

Excess volatility and disorderly movements in exchange rates are undesirable for economic growth (AFP, Feb 8)

However, the following statement was stressed:

We emphasize that more flexibility in exchange rates is desirable for major countries or economic areas that lack such flexibility to promote smooth and widespread adjustments in the financial system, based on market conditions (AFP, Feb 8)

The statement, in spite of it was supposed to be directed at the US monetary policy, is simply amazing. I am simply astounded by how the final statement was worded in such a way that it shifts its attention from the issue of volatility to the lack of flexibility.

Despite the seemingly unified statement by members of the G7, the European members are dissatisfied with the statement. Japan has also shrugged off the criticism from the G7 by stressing on G7’s volatility statement. China and South Korea meanwhile agree with Japan. I haven’t heard anything from Malaysia but knowing that the Malaysian ringgit is also being pegged to the dollar like the renminbi, Malaysian central bank, the Bank Negara should be joining their northern colleagues.

On the other side of the fence, some bankers argue that the weakening dollar strength does not matter in the long run. Well, of course it doesn’t matter because, like what John Maynard Keynes had said almost a century ago, in the long run, we are all dead.

p/s – Hah! just received a warning from Michigan’s ITD for not voluntarily using their new transfer protocol. I want my freedom! LOL!

Categories
Personal Sports

[291] Of Ajax!

2 – 1

0 – 0

Nuff said.

p/s – I’ve just realized one exciting thing. My internship, if all goes well, should be in Eastern Europe. And the 2004 Summer Olympic is in Greece. Awfully close. Hmm…
Gotta save some money for the ticket.

Categories
Politics & government This blog

[290] Of technical update

I’ve made a few changes to the template for the past few weeks.

Guestbook is dumped in favor of the comment system.

Site feed is now available for those who actually asked for this site feed. More to come during the spring break.

Added the New York Times into the Propaganda section simply because I’ve been enjoying reading its dead tree edition.

Removed the Straits Times because I think it is one of the worst publications I have ever read.

Added a few prominents Malaysian bloggers, namely Jeffooi’s Screenshots and Aizuddion’s VOI. Others newly added are Lone, EconoPundit and a tree hugger site.
Also a happening Annarbour blog other than the notorious AAIO, Seat of the Revolution.

Well, back to the real world. L8r.

p/s – from the wired world.

Feds Win Right to War Protesters’ Records
BY RYAN J. FOLEY, Associated Press Writer

DES MOINES, Iowa – In what may be the first subpoena of its kind in decades, a federal judge has ordered a university to turn over records about a gathering of anti-war activists.

Freedom eh?

Categories
Politics & government

[289] Of Malaysia and nuclear black market

In the recent twist of event, the most unexpected happens.

Malaysia, of all countries, is involved in the network of trading that helps the proliferation of nuclear related resources to Libya. The revelation was done by Pakistan’s nuclear scientist, Abdul Qadeer Khan.

Though the government seems to have no whatsoever role in the trade, a Malaysian engineering company has been singled out as the liable entity. According to today New York Times’ dead tree edition, one of the shareholders of the company is the son of Malaysian Prime Minister Abdullah Ahmad Badawi while the chairman is a former secretary general of Malaysian international trade ministry.

To see such an important device to slip though the hand of the Big Brother could only means three things – they are incompetent, they secretly endorse such action or we are seeing encapsulation at work.

Though I am tempted to say that the Malaysian government is incompetent (as in most cases), I don’t believe it is a reasonable deduction. Saying the government of being incompetent is probably underestimating the far reaching hand of a conservative-styled government.

More interestingly, in some of part of the article in the NYT, the author made an interesting point:

Malaysia was an unwitting participant in all this,” an official in the prime minister’s office said. But with the tight control that the Malaysian government has traditionally exercised, many Malaysians and foreign diplomats doubt that a sale of this nature would have been possible without the knowledge of at least some senior government officials, probably in the military

To say the government secretly endorsed the activity is a serious allegation. One needs more proof than merely presenting the fact that Malaysia “has traditionally exercised” tight control.

Yet, the allegation holds water. Malaysia has a conservative political medium. Every information receives by the public possibly goes through the information ministry. At the same time, it has a strong law against subversion like the Internal Security Act and the Official Secret Act.

It is hard to accept or reject, due to information asymmetry. We simply don’t know enough about it and I would imagine if it is true, the concerned party or parties would try very hard to cover it up. Thus, only time will tell.

The most innocent possibility is the prospect of it being simply as an encapsulation problem. Encapsulation is one of the basic philosophies in programming. The idea is, the user doesn’t have to know what is going on in the program. the opposite is also true- as long as the program works, it’s not the programmer’s problem to find out whether the user will use the program for legal or illegal purpose.

In fact, the Scomi Group is asserting the same idea. They have issued a statement saying that it wasn’t told by the buyer on the purpose of the purchase. I would go as far as saying that they didn’t care.

Applying the same idea, the government also doesn’t care as long as the Scomi Group pays their tax. Maybe now they wish they had cared.

So, which one is true? I don’t know about you but I’m betting my head on the last one.