John Kerry: An American Politician

Just after President Barak Obama announced that he would nominate Sen. John Kerry of Massachusetts to be the U.S. Secretary of State, the E.U. Secretary of State (Minister of Foreign Affairs), Catherine Ashton, welcomed the prospect of working with Kerry. Whether she knew it at the time or not, she would be working with an American politician. After all, Kerry had already run for the American presidency. To be sure, he was not taking up the foreign affairs post to build his resume. I believe he genuinely wanted the job. The problem is, is trying to please all the people all the time, a politician's patina (or deeper?), best in foreign affairs? In this essay, I focus not on this question, but, rather, on the patina itself in the case of John Kerry so the underlying problem behind the question of fit with foreign affairs can be more transparent to the wider public.

U.S. President Obama nominates U.S. Sen. John Kerry to be U.S. Secretary of State.    Reuter

The full essay is at: "An American Politician."

Preparing for the U.S. Presidency: Build a Resume

How should an aspiring candidate for President of the United States go about attaining that esteemed office?—an office whose occupant was regularly referred to as “the leader of the free world” when part of that world was behind an iron curtain. Mitt Romney spent six years of his life campaigning for the job only to lose it to an incumbent whose record on “pocket-book issues: was mixed at best. Perhaps it is possible to want something too much. Fortunately, a more substantive alternative is also possible.

Hillary Clinton as U.S. Secretary of State.           

                                                                                                           
The full essay is at "How to Prepare to be President of the United States: Build a Resume."

Luring Business: “Job Creators” in Texas

As of December 2012, Texas was giving out more financial incentives—mainly in the form of tax breaks and subsidies—to business than was any other American state. The government was handing out around $19 billion annually, while at least $80 million was being spent in the U.S. overall, according to the New York Times. Although at the time Texas had half of all the private-sector jobs created in the U.S. during the preceding decade, the Times points to “a more complicated reality behind the flood of incentives.” It cannot simply be assumed that good jobs will be created.

The full essay is at "Luring Business to Texas."

China or USA: Which Will Rule Trade?

The Association of Southeast Asian Nations (ASEAN) announced at its meeting in November 2012 that it would host negotiations among its members on “a sweeping trade pact that,” according to the New York Times, “would include China.” The trade agreement would include not only the ten countries that are in the association, but also six other countries that have free-trade agreements with the association. In addition to China, those countries include Australia, India, Japan, New Zealand and South Korea. Half of the world’s population would be included in the pact. Notably absent is the United States. This is no accident, as the Obama administration’s own proposal for an eleven-nation Trans-Pacific Partnership excludes China. In other words, the contending proposals may be more about a “control battle” between two contending empires—the United States and China—than anything else. Moreover, which proposal succeeds could say something about whether China succeeds the United States as the hegemonic super-power of the twenty-first century.

Barack Obama and Wen Jiabao: A contest of wills at the East Asia Summit in 2012.   Jason Reed/Reuters

The full essay is at "Global Trade Dominance: China or The USA?"

The ECB as the E.U.'s Bank Supervisor: States in the Driver's Seat

Although the establishment of a federal regulator of major banks in the E.U. was as yet not approved by the European Parliament or ratified by the governments of states using the euro as well as any other states opting in, the European Council of Ministers signed off in December 2012 on an amendment that would give the European Central Bank authority over banks that have at least €30 billion in assets, make up more than 20% of their state’s economic output, or operate in at least two states (i.e., interstate banking). At the very least, three banks per state would come under the central bank’s oversight. Other banks would remain the responsibility of state regulators. This is an interesting “working out” of federalism, distinctively European-style.

German Finance Minister Wolfgang Schäuble at the E.U. Council of Ministers discussing the bank supervisor amendment.     WSJ

The full essay is at "The European Central Bank."

Exaggeration on the U.S. Economy “Going Over the Cliff” after the Financial Crisis of 2008

As the U.S. Government faced down its own deadline in 2012 before the Bush tax cuts would expire and across-the-board budget cuts would commence, the Federal Reserve, which had been struggling to prop up the economy by buying bonds and keeping interest rates low, would, according to the Chairman, Ben Bernanke, be largely powerless to do more in the face of a recessionary policy on taxes and spending. "We cannot offset the full impact of the fiscal cliff," he said of the Fed. "It's just too big." That he had written a doctoral dissertation on the Great Depression and had specialized on it as a professor at Princeton lends a lot of weight to his judgment on the matter. However, he had also managed to be re-appointed to the Fed and thus knew how to play the game. In the case of the automatic budget cuts, major power-brokers, specifically in the military industrial complex, had a lot riding on Congress and the White House making a deal that would obviate the cuts in defense spending. The chairman of the Fed could have been carrying their water.

Ben Bernanke, Chairman of the Federal Reserve, in front of the lights.   Reuters

The full essay is at "The U.S. Economy Going over the Fiscal Cliff."

Honeywell’s David Cote: Carrying the Water in Washington

In the midst of the talks in Washington in 2012 to avoid the so-called fiscal “cliff” with a bipartisan deal, the Wall Street Journal reported that David Cote, the CEO of Honeywell, a $48 billion “industrial giant,” was at the time “the business executive most in the middle of the fiscal-cliff debate.” The Senate Finance Committee Chairman Max Baucus (D., Mont.) said, "People on both sides of the aisle are sending messages through Dave. He's become an active participant.” For a sitting CEO to have ensconced himself so deeply among the power-players in Washington did not come controversy-free. Even though his company had a vested interest that a deal be reached, the matter of his involvement raises larger implications, positive as well as negative.

David Cote, CEO of Honeywell. Civic duty or getting "his people" back in line in Washington?       Bloomberg News

 The full essay is at "Honeywell's CEO in Washington."

Occupying Wall Street

At the “Occupy Wall Street” protest in Washington, D.C., a man was preaching the Gospel as protesters pleaded with him to stop. While I suspect that the hackneyed secular/progressive vs. right-wing Christian dichotomy is reflected in this dynamic, the protesters may also have been “policing” the contours of their movement as anti-corporate and anti-Wall Street. Yet one of the pleading protesters was holding a sign, “Create Peace,” which does not really get at the anti-business theme. Another of the protesters pleading with the evangelical had a bongo drum handing down from around his neck, which could suggest that he would be out for any left-wing protest. Still another protester, perhaps from the peace movement, held a sign “2 Wars equals = Deficits!” Even morphing into a protest against the horrendous debt of the U.S. Government would miss the mark on the anti-corporate, anti-Wall Street target.

The full essay is at "Occupying Wall Street."

A Syrian Offensive: Taking on International “Enforcement” of Human Rights

In Geneva on November 28, 2011, the Independent International Commission of Inquiry on Syria presented its report, which had been requested by the UN Human Rights Council. According to the report’s summary, the “deteriorating situation in the Syrian Arab Republic prompted The Human Rights Council to establish an independent international commission of inquiry to investigate alleged violations of human rights since March 2011.” The Commission interviewed 223 victims and witnesses. The Commission was able to document “patterns of summary execution, arbitrary arrest, enforced disappearance, torture, including sexual violence, as well as violations of children’s rights.”One might suppose that the Syrian government would have been seeking to placate the international organization and other governments.

The full essay is at "Taking on International Enforcement."

Source:

Neil MacFarquhar and Nada Bakri, “Syria Calls Arab League Sanctions ‘Economic War.’” The New York Times, November 28, 2011. 

Protest Movements 101

David Johnston of Reuters opined on October 7, 2011, the Occupy Wall Street “protests show signs of sparking a major change in U.S. politics by creating common ground among people with wildly divergent views. The key to their significance will be whether they foster a wholesale change in political leadership in 2013 or whether Americans return a vast majority of incumbents in both parties at all levels of government.” But are “wildly divergent views” really represented, and did the movement translate dramatic camera-ready protest parades and sit-ins into grassroots work to get specifically anti-corporate candidates past the primaries and into office in 2012?  I contend that from the get-go, the Occupy Wall Street movement set itself on a trajectory antithetical to being able to answer both of these questions in the affirmative. In so doing, the movement’s “non-leaders” sowed the seeds of the movement’s demise—or at the very least of being relegated as partisan and thus contained as a sub-part in the system.

The full essay is at "Protest Movements 101."

Police Against Protesters: Sadism or Politics?

The day after several marches and rallies by the “Occupy Wall Street” movement in New York City, The New York Times reported that “two dozen people were arrested at a Citibank branch on LaGuardia Place on trespassing charges. Some witnesses said that the protesters had tried to leave but were locked inside by bank employees. ‘They were trying to leave, but they wouldn’t let them,’ said Meaghan Linick, 23, of Greenpoint, Brooklyn. She said one woman who had been inside and left was forced back inside by police officers. Citibank, in a statement, said the protesters ‘were very disruptive and refused to leave after being repeatedly asked, causing our staff to call 911.’ The statement continued, ‘The police asked the branch staff to close the branch until the protesters could be removed.’” The Times report does not mention whether the protesters were existing Citibank customers trying to close their accounts. The report does refer to this at a Chase bank. “Earlier, about a dozen protesters entered a Chase branch in Lower Manhattan and withdrew their money from the bank while 300 other people circled the block, some shouting chants and beating on drums. The former Chase customers, who declined to reveal how much they had in their accounts — though a few acknowledged it was not much — said they planned to put their money into smaller banks or credit unions.’ The more resources we give to small institutions, the more they’ll be able to provide conveniences like free A.T.M.’s and streamlined online banking so they can compete with the larger banks,’ said Hannah Appel, 33, a postdoctoral fellow at Columbia University.” The report does not indicate whether the former customers were arrested.

The full essay is at "Lawful Aggressors."

                                       Anthony Bologna of NYPD pepper-spraying protesters following his orders

Climate Seasons and Astronomy Confused: A Societal Blind-Spot

In the Northern Hemisphere, in the Northern E.U. and U.S., it is ludicrous to claim that winter begins not until December 21^st. If we go by the claim, the Christmas season is in the fall—joined by Halloween (and Thanksgiving in the U.S.). Similarly, September sports autumn cooling off rather than three more weeks of summer. In many areas, leaves turn fall colors well before September 21^st. As a matter of fact, “Climate scientists define summer as the three months from June 1 through August 31^st.”[1] Why, then, do meteorologists on television, at least in the U.S.—that vaunted superpower—announce that fall officially begins on September 21^st. They even show “fall begins” on the day of the 21^st on the week of weather. Similar, the fools show “winter begins” just four days before Christmas, on the winter solstice. That solstice is in the winter—not the beginning of it.

The full essay is at "Weather Seasons and Astronomy."

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1.Doyle Rice, “Can’t Sleep on It: Nights Are Hottest on Record,” USA Today, September 7, 2018.

The Franchise: A Flawed Arrangement

The franchise arrangement combines the reach (and efficiency) of central advertising with the ability to respond to local differences. I suspect that the benefit from local flexibility is typically overdrawn, such that the value of the franchise arrangement itself is overstated. Meanwhile, the downside in local autonomy is, I suspect, understated. That downside includes the propensity to engage unethically based in part on lack of character-virtues and on the accurate perception of weak accountability within the franchise arrangement. The downside also comes into greater play than perhaps is realized because management on the local level can be rather bad in quality (from a managerial standpoint). In other words, slim pickings with regard to managerial talent can be a factor at the local level. Without mechanisms of accountability from “higher up,” front-line managers can get away with an astonishing amount of bad (and unethical) managing.

The full essay is at "The Franchise Agreement as Flawed."

7 Billion People Worldwide in 2011: Catholicism's Humanae Vitae Compromising or Protecting Human Life?

According to the Huffington Post, “Amid the millions of births and deaths around the world each day, it is impossible to pinpoint the arrival of the globe's 7 billionth occupant. But the U.N. chose on October 31, 2011 to mark the day of that occupant's arrival with a string of festivities worldwide, and a series of symbolic 7 billionth babies being born.” I contend that the milestone is nothing to celebrate; rather, it should have served as a wake-up call for us all, lest the species continue undaunted to maximize itself right out of existence. Both the slope and its relative abruptness, evident in a historical perspective, ought to have given us all pause in our assumption that our species would necessarily go on without either self-regulation or a drastic correction from nature. 

                                            Source: UN Population Division

The full essay is at "The Human Species as an Ecologically Maximizing Variable: Religion as a Catalyst?"

Paul Volcker on the Market and Regulation

Paul Volcker, former Chairman of the Federal Reserve, may strike the conventional "wisdom" as an oxymoron regarding the market mechanism and government regulation. I contend that he could have taught that "wisdom" a lesson or two.

The full essay is at "Paul Volcker on the Market and Regulation."