General Hamid Gul, former chief of the Pakistani intelligence service–11:50 tour of the horizon from death of Bin Laden to future of Afghanistan to what World War III might look like if US military-industrial complex is allowed to open a Pakistani front.
Phi Beta Iota: Worth listening to every second. BBC (itself a virtual subsidiary of CIA under the US-UK “special relationship”) is rapidly being over-shadowed by Russian TV, Al-Jazeera, and Ha'aretz as sourced of useful open information in English.
HOW TO PLANT FIVE TREES ON YOUR CELL PHONE
1. Enter the number 85944
2. Text the word TREE as the message (not case-sensitive)
3. Send the message
4. You¹ll receive a free response message asking you to confirm your $5
donation
5. Type ‘Yes'
This one-time donation will appear on your monthly cellphone bill. You may
choose to perform this sequence up to 5 more times.
You may also donate a greater amount via the Donation button on the Green World Campaign website.
These are discouraging times, but once in a blue moon a bit of hope appears. I am pleased to report on the bit of hope delivered in March of 2011 by Michael Spence, a Nobel prize-winning economist, assisted by Sandile Hlatshwayo, a researcher at New York University. The two economists have taken a careful empirical look at jobs offshoring and concluded that it has ruined the income and employment prospects for most Americans.
To add to the amazement, their research report, “The Evolving Structure of the American Economy and the Employment Challenge,” was published by the very establishment Council on Foreign Relations.
For a decade I have warned that US corporations, pressed by Wall Street and large retailers such as Wal-Mart, to move offshore their production for US consumer markets, were simultaneously moving offshore US GDP, US tax base, US consumer income, and irreplaceable career opportunities for American citizens.
Among the serious consequences of offshoring are
the dismantling of the ladders of upward mobility that made the US an “opportunity society,”
an extraordinary worsening of the income distribution, and
large trade and federal budget deficits that cannot be closed by normal means. These deficits now threaten the US dollar’s role as world reserve currency.
Phi Beta Iota: Everything killing the USA today was properly briefed to the Senate and the White House in the 1970's, 1980's, and 1990's. The missing ingredient was INTEGRITY on the part of the listeners. Intelligence without integrity is irrelevant; integrity without intelligence is dangerously uninformed.
Last year was another good year for millionaires – though their pace of growth is slowing.
According to a new report by Boston Consulting Group out today, the number of millionaire households in the world grew by 12.2% in 2010, to 12.5 million. (BCG defines millionaires as those with $1 million or more in investible assets, excluding homes, luxury goods and ownership in one’s own company).
The U.S. continues to lead the world in millionaires, with 5.2 million millionaire households, followed by Japan with 1.5 million millionaire households, China with 1.1 million and the U.K. with 570,000. Singapore leads the world in “millionaire density,” or the percentage of millionaires, with 15.5% of its population now millionaire households.
The most important trend, however, is the global wealth distribution. According to the report, the world’s millionaires represent 0.9% of the world’s population but control 39% of the world’s wealth, up from 37% in 2009. Their wealth now totals $47.4 trillion in investible wealth, up from $41.8 trillion in 2009.
Phi Beta Iota: The single most consistent precondition for revolution across centuries has been the over-concentration of wealth. We're there. Now all we need is a few precipitants.
Is the Libyan war legal? Was Bin Laden's killing legal? Is it legal for the president of the United States to target an American citizen for assassination? Were those “enhanced interrogation techniques” legal? These are all questions raised in recent weeks. Each seems to call out for debate, for answers. Or does it?
Here are a few of the BIG lies used to support the status quo. What we need, rather urgently, is a counter-narrative
LIE 1. The earth is an open system with infinite supplies and sinks;
POSSIBLE TRUTH: Earth is a closed system, changes that used to take 10,000 years now take three, humanity is “peaking” the entire system.
LIE 2. Everything must be monetized;
POSSIBLE TRUTH: Money is an exchange unit and an information unit; in the absence of holistic analytics and “true cost” transparency, mony is actually a toxic means of concentrating wealth and depriving communities of their own resources (e.g. land).
LIE 3. The extreme unregulated free market is the only option for a modern economy;
POSSIBLE TRUTH: Information asymmetries and “rule by secrecy” have been clearly documented–the free market is neither free nor fair. A modern economy needs to be transparent, resilient, and hence rooted in the local.
