







lifestyle ,sports ,protesters ,power base ,tribes ,yemeni ,solar power ,self improvement ,president ,opposition movement ,military commander ,lifestyles ,leadership ,leaders ,influence ,how to ,fashion ,demonstrators ,defections ,business ,ali abdullah saleh ,al-qaida
|
|
---|
US GDP contracted by just 1% in Q2 2009, less than expected and considerably better than the 6.4% fall in Q1...
though, it does mark the fourth straight quarter of decline, the longest streak for the US economy since records began in 1947...
and things have been 'worse than prior estimates'...
but it does appear the recession has, at the very least, bottomed out, which very, very good news.
Labels: financial crisis
China is all over the news these days, but the debate about their role in the world has been given an extra boost by their participation in a "strategic economic dialogue" in Washington this week.
One theme that keeps re-appearing is that of Chinese expansion abroad. For instance, Marc Chandler at BBH argues that China's use of its enormous foreign reserves to lock up strategic resources abroad is a 21st century version of colonialism. Moreover, the country's level of outbound foreign investment, currently tagged at $41 billion, is set to increase after August when Chinese firms will be permitted to purchase currencies to fund foreign acquisitions.
Marc worries that such activities will stagnate development in the countries that China invests in because "It prevents the economic diversification away from low value-added commodity extraction... and often doesn’t lead to employment opportunities as China often exports workers to operate projects." That may be true in some circumstances, but Adrian Wood counters that this is a one-off phenomenon. As China grows and moves up the value-added chain, it will open up a huge gap in labour-intensive manufacturing that workers in other developing countries can fill. (Of course, that's assuming they can keep growing at pace, which I'm not so sure about).
Nor are China's foreign investments simply to acquire strategic resources to fuel their rapid growth - according to an op-ed by Moldova's OECD ambassador, China has moved into Russia's sphere of influence by acting as Moldova's lender-of-last resort (and replacing the IMF to boot). Moldova isn't what you might call a reliable debtor, so there must be other considerations at play here.
Two other areas where Chinese foreign acquisitions suggest that they're not only interested in "hard power" assets or geopolitical maneuverings, but also "soft power:"
A fantasy table of contents for the fantasy first issue of BUTT, now renamed Buttology, a fantazine for the spatial study of waste.
Labels: Buttology, infrastructure, sewers, waste
No, not my own. The Newshour with Jim Lehrer, the nightly news program on America's public broadcasting station (PBS), has held an hour-long discussion with the Fed chairman entitled, 'Bernanke on the Record.' I highly recommend it (hopefully the link is available outside of the US, we have had the problem before of posting US-based content subject to distribution restrictions. Apologies in advance- scour YouTube).
The more Bernanke speaks in an open, frank forum (Americans might remember his much-lauded interview on '60 Minutes'), unencumbered by Fed-speak and congressional grandstanding, the more I am convinced that there is no better American to be steering the country's monetary policy/systemic reform/inflationary death spiral(?!?) than Bernanke. He's not only gotten the policies right (well mostly, minus one very very big exception), but has the unique ability to articulate the complexity of the crisis in a manner that enables lay audiencies to make sense of the madness around them. Imagine if a less imaginative or aggressive chief had been at the helm over the past two years. Where would we be?
Recently declassified images of the Chukchi Sea off Barrow, Alaska show the scale of the challenge facing the Copenhagen conference in December. If you can't read the fine print, that's from July 2006 to July 2007. One year.
Labels: China, climate change
A great article in the FT Weekend highlighting rising consumer debt defaults in Europe.
With all the optimism over green shoots and stock market rallies, many remain worried that the global economy will face a second-wave assault, from credit cards or commercial mortgages or some unforeseen feedback that plunges the real economy back down, irrespective of asset prices.
I am interested in the negative feedback mechanisms that could undermine a return to significant growth over the coming years. The consensus is that the global economy will rebound in 2010, but to what level? And how will factors like the lack of financial aid to college students, or higher US savings rate, shape this recovery and re-order developed economies?
Labels: credit crunch, financial crisis
A passing scene or two in a British police drama of the garden variety gritty kind — no need to name the show, but the scenes involved its Northern Irish anti-hero of an undercover cop discovering illegal aliens from Eastern Europe arriving by boats on the blue-toned, cinematically tempestuous North Sea and then being sent off, if not to the brothels, to work unsurprisingly at slave wages in the commercial greenhouses of a light-deprived Norfolk, where the glass-walled foliage provides as much cover from the Home Office as the urban jungle of council estates — those scenes reminded us of Thanet Earth.
Thanet Earth, as described by The Guardian last year, is “Britain's biggest greenhouse development.” Located in Kent, “80 football pitches' worth of greenhouse” will accommodate “1.3 million plants, growing in seven greenhouses, each up to 140m in length and fed by its own reservoir.” The entire complex will be heated by seven power generating stations located on site, and any excess supply of electricity will be sent to nearby towns. It is estimated that when all the greenhouses are completed, the UK's crop of salad vegetables will increase by 15%.
It's huge, massive, perhaps so gargantuan that illegal migrant workers might go undetected among the wild thickets of cucumbers and peppers, lost in the din of pneumatic harvesters, sonorous simulant thunderstorms and the reverberated rustlings of tomato leaves. It's just huge, massive, gargantuan.
Or maybe Thanet Earth is so technolicious, so heavily under surveillance that no stray variable can ever escape its sensors. Speaking to Will Wiles of Icon Magazine, Steve McVickers, Thanet Earth's managing director, says, “We're measuring all the time. Temperature, humidity, the amount of water in the Rockwool; we're looking at the growth of the plants, we're looking at the ventilation, we're looking at where the sun is, we're looking whether it's raining, we're looking at the wind direction. The greenhouse is constantly adjusting itself.”
Phantom EU neo-gypsies displaced by the econopocalypse, non-functioning CCTV cameras, a food crisis, humorless Dutch efficiency experts, a rogue transgeneticist, guerrilla gardeners and allotment nutters, the insufferable Jamie Oliver and the sublime Heston Blumenthal — all converging in that one giant patch of the earth excised from geography, from the cycles of time and even from itself, one day infiltrated by a Northern Irish anti-hero of an undercover (food) cop after reports that tomatoes coming out of these Crystal Palaces have suddenly and improbably started tasting better, sweeter, juicier than Hugh Fearnley-Whittingstall's organic heirlooms, right after the children have also started going missing. This is a story pitch to the BBC.
Labels: agriculture
Popular Science paid a visit to Disaster City in College Station, Texas. It isn't a city, of course, but “a vast disaster-simulation center designed to look and feel as close to catastrophe as you ever want to be. Each hairline crack, each mangled car, all the mountains of rubble are modeled on wreckage from real disasters, like the 1994 Northridge earthquake in Los Angeles that killed 72 people and injured nearly 12,000. The 1993 World Trade Center bombing inspired the collapsed parking garage, with cars dangling off the sides like spiders from a ceiling, while the 12-foot-deep rubble catacombs resemble those from Ground Zero.”
This “Jerry Bruckheimer set” is where search-and-rescue teams go to train.
Labels: disasters, testing_grounds
Saemangeum is an estuarine tidal flat on the western coast of South Korea, just south of the port city of Gunsan. With the completion in 2006 of a 33-kilometer seawall, perhaps the world's longest, it is now essentially a 400-square-kilometer artificial lake.
It won't be a lake for long, however, because this the site of what's been dubbed as “the world's largest reclamation project.”
To put its gargantuan scale into perspective, the project site is roughly two-thirds the size of Seoul, the South Korean capital.
The last major land reclamation project in Asia was the construction of Chek Lap Kok, Hong Kong's island airport. At the time, 80 percent of the world's dredging equipment was involved. But at just a little over 12 square kilometers, Chek Lap Kok is a mere sandbar compared to Saemangeum.
The current record holder for land reclamation is the Palm Deira, currently under construction in Dubai. Saemangeum will be 8 times larger.
So what will all that reclaimed land be used for?
The original plan was to turn 70% of the estuary into farmland with the rest set aside for industries. Because of political and economic realities, however, the ratio of agricultural use to non-agricultural use has flipped. Instead of mainly agricultural, the new plan calls for most of the reclaimed land to be developed for industrial, financial, residential and tourist facilities.
Sure to excite many and appall the rest, Saemangeum is now envisioned as the Dubai of Northeast Asia.
Last year, several teams were invited to participate in an ideas competition and submit conceptual masterplans for this Korean Dubai. Last November, three teams were chosen as co-winners.
One team comprised of designers from MIT, ORG and Office dA. In their masterplan, Saemangeum is divided into an industrial North and a more leisure-oriented South.
The North is organized into a regimented system of 330 ‘landscape chambers’ – rooms of varying sizes, bounded by trees and canals and able to host multiple kinds of development. These chambers might contain factories, a science park, a university, or even a space port. By contrast, the South has the spatial configuration of a ‘constellation.’ Similar to stars in the sky or jewels on a crown, small cities are dispersed along the landscape on a series of small hills surrounded by areas of agriculture or nature, connected by roads and pointing to each other.
Labels: littoral
Alex Tabarrok points to yet another study suggesting that, in addition to being more successful in their careers, taller people tend to be happier. According to the abstract, the vertically-endowed...evaluate their lives more favorably, and... are more likely to report a
range of positive emotions such as enjoyment and happiness. They are also less
likely to report a range of negative experiences, like sadness, and physical
pain, though they are more likely to experience stress and anger, and if they
are women, to worry. These findings cannot be attributed to different
demographic or ethnic characteristics of taller people, but are almost entirely
explained by the positive association between height and both income and
education, both of which are positively linked to better lives.
(He also links to an article which discusses the idea of taxing tall people for this very same reason. I do not like this idea one bit.)
Note that all the measures here are relative. This does not mean that tall people are happy, just happier. Except when they are seated in small vehicles, of course.
Does this apply to societies, as well as people? Are countries full of tall people happier and more economically successful than those full of shorter people? Should the poorest countries of the world invest in growth-steroids for their children?
I'm guessing no. The effects of "tallness" are most likely dependent upon your immediate surroundings. You might be happier because you are taller than your neighbour, but how tall you are relative to someone living half-way across the world has no effect. (The same applies to income, by the way). Therefore being 5-foot-9 in Bolivia might result in higher levels of happiness than being the same height and living in the Netherlands.
Also, at what point does the curve of happiness drop off and the effect of constantly knocking one's head on doorframes result in a perma-frown?
Labels: Psychology
-In competing NYT op-eds, Nouriel Roubini and Anna Schwartz lay out the arguments in favor of (Roubini) and against (Schwartz) a Bernanke re-appointment.
-Funny difference a year (see: plunging output and investment) makes: foreign oil companies are suddenly welcome again in Russia.
-Balance of payments pressures + growing investor risk appetite = emerging market debt bonanza.
-While Russia's ticking demographic timebomb made the news this past weekend, Shanghai was hard at work fighting its own.
-Zsolt Darvas makes the argument for easing euro-area entry criteria.
Labels: central banking, China, credit crunch, emerging markets, Euro, Russia
Labels: Acura
Labels: Honda
North Korea is a scary place. Like swine flu, North Korea is a disaster waiting to happen, but something that I choose to deal with by trying not to think about it and hoping it will go away.
But North Korea (the DPRK) is not going away. And what to do about it is a problem that has bedevilled senior statesmen, diplomats and international relations scholars ever since the miserable little regime was formed. They are possibly the most frustrating negotiation partners in international diplomacy - I've heard stories of negotiations breaking down because DPRK officials didn't like the placement of chairs in the conference room - and anything they agree to is liable to be ignored or reversed at a whim.
Over the years, various strategies of using carrots (aid, more trade, direct funding) and sticks (trade sanctions, financial sanctions) have been tried, but the impact has been limited. The most recent effort is a new set of UN sanctions imposed following North Korea's nuclear test in May of this year. The UN sanctions have more teeth than previous rounds, but will they have the intended effect of choking the DPRK into giving up its nuclear program?
Stephen Haggard and Marcus Noland argue that they probably won't. In a recent paper published by the Peterson Institute, the authors examine how multiple rounds of sanctions and economic isolation has altered North Korea's trade patterns. The effect of this shift has been to push North Korea towards engagement with countries that aren't particularly interested in enforcing UN sanctions.
In short, the US and its partners risk losing their leverage over North Korea. Here's a brief rundown of their findings:
All of this to say that China has become even more crucial to the unfolding North Korea saga. They are far and away the regime's biggest trading partner and likely the only source of significant external political pressure. By approving the UN sanctions, China is indicating its strong displeasure at North Korea's nuclear antics, but how far they are willing to push the fragile regime remains to be seen.
The US, meanwhile, is left with fewer options. Targeting financial institutions that deal with the DPRK is likely the only remaining tool that the US can use effectively. Using them will be risky, however, because once they're implemented North Korea may simply re-adjust to find new ways of doing business and leave Uncle Sam waving his stick into thin air. In the end, the threat of financial sanctions will likely prove to be more effective than actually using them.
The other option is to simply ignore them and talk about something else, as I do. Incidentally, that is Dan Drezner's half-serious advice to the Obama administration in his sobering summary of the situation.
But wait! you say. If everyone ignores North Korea, Kim Jong Il will be so ronery...
Labels: China
Israel is in the midst of a water crisis. Climate change, a rapidly growing population, extensive agriculture and a very developed industry are all putting pressure on the few and extremely contested sources of freshwater.
Desalination creates more problems than it solves, because the process is energy intensive, expensive, and besides freshwater, ironically produces highly toxic byproducts as well. Though not as egregiously unsustainable, wastewater treatment plants function under a similar ecological imbalance. More efficient and creative ways to offset water demand are therefore needed.
This is where Ayala Water and Ecology comes in.
Ayala is an Israeli company which specializes in designing and building artificial wetlands to treat contaminated water from agriculture, industries and urban areas. The treated water will definitely not be potable, but at least it could still be re-entered into the system and be used in some way again, thus reducing the need to extract more from already dwindling supplies. And if it isn't reused and instead gets dumped immediately, at least the effluent will not pollute these precious supplies much.
We have described the principle of these eco-machines before in numerous posts, but to repeat, they take advantage of the ability of certain water plants not only to extract pollutants from the soil and water but also to render them inert. With the help of microorganisms, such as microbes, bacteria and fungi, they can take in toxins, heavy metals, greasy substances and pathogen agents. They can even phytoaccumulate and phytoremediate, to use the technical terms, substances that more technologically advanced systems cannot.
Of course, no single species can neutralize all contaminants. There isn't even a master matrix of plants and microorganism that works in every scenario. The trick is in finding the right combination that, in a sustainable manner, most efficiently removes the target pollutant and yields the purity level one is aiming for.
Ayala has been doing just that for nearly two decades and has deployed their wetlands machines all over Israel and in other places further afield. You can find them in domestic settings treating household sewage so that the reclaimed water can be used for irrigating the garden. Higher up on the urban scale, they can be found treating municipal wastewater and also the stronger stuff, the poisonous waste, from industrial sites. The company has also been involved in projects to treat landfill leachates and to rehabilitate degraded rivers.
Of course, Ayala isn't the only company applying ecological solutions to wastewater treatment. There's John Todd Ecological Design, possibly the most popular of them all, or at least the one with the most media coverage; Natural Systems International, who co-designed Sidwell's educational wetland; and Worrell Water Technologies, who holds, to our surprise when we first learned of it, the registered trademark for Living Machine®. It's a crowded field, thankfully.
But who besides Ayala is also working on contested terrain? Who could also say that their artificial wetlands have a geopolitical dimension to them? We're not saying that Ayala's eco-machines are co-conspirators, but who else could possibly say that theirs might be helping to entrench settlement of lands with varying narratives of provenance, with conflicting claims of true ownership? Who else is potentially employing Nature, albeit a Frankenstein version of it, as an instrument of occupation and hegemony, of erasure and amnesia? Who else could be, just maybe, quite possibly, after the deepest parts of our spatialist hearts?
Labels: peak_water, waste, wetlands
Where's Rory?
-Dave Hart, 'A Call for Reader Feedback'
Hi friends. I have indeed been deficient in upholding my duty to provide the yearning masses with the kind of sophisticated insights and mind-blowing revelations they've come to expect from IPE Journal. I have quite a viable excuse (cue Dave's inner monologue), but for the sake of argument lets pretend I have been locked in my basement toiling over a masterful blog-post, tentatively called "The normative implications of Pinochet's pension reforms: deconstructing the post-war regulatory state." Ok, not really.
Anyway, my lack of consistency is nothing new; its something I have lacked since we began this little project. As Dave noted in his previous post, we've had periods of boom and bust since last August, but to Dave's enormous credit his busts have been more like blips. Nobody is more impressed by his commitment than I am.
My problem has been a fundamental one: a lack of incentives. Don't get me wrong: we started this site with nothing more in mind than providing a minor, thoughtful contribution to the debate on where our global economy is headed, and I think we have largely achieved that. Sometimes we get sidetracked by booze or expenses, though in our defense a) booze is the prism through which many of us deconstruct the world around us, and b) when such a scandal occurs in Africa it is called 'corruption', but when it occurs on the bank of the Thames it is a 'betrayal of trust.'
But without a more tangible incentive, even the noblest of pursuits can falter under the weight of competing alternatives, and I have found it difficult to sustain my contribution to the blog in a year defined by a gruelling job search and nomadic-like existence. It is not that I have lacked the time, I've had quiet a bit of that over the past 12 months. Rather, I have gone through periods of profound intellectual disillusionment, the circumstances of which I'll spare. That has been deeply disappointing and my sporadic work here has been but one consequence.
But that has turned over the past month or so, and I expect my consistency here to do so as well. Shorter, more frequent posts may be one result, but that probably serves our readers better anyway. And it helps when your partner is a rock star at this. Dave carries the torch well.
Catharsis complete, thanks for sticking with us this past year. You should see our childlike joy at getting an email from a reader. That's what this is all about.
Labels: blogging
As we approach this blog's 1-year anniversary, it's time to take a few steps back from our little project to take stock. Like any relationship, this one has had its ups and downs. Long time readers will have noticed that posting has slowed down in the last couple of months, partly due to the summer weather and the various distractions that come with it. That is temporary, as I've become too attached to this thing to stop writing, regardless of whether anyone is reading or not. But now is your chance to provide feedback and guide us towards material that you think would be interesting to see tackled.
So have at it, folks: what would you like to see discussed on this blog?
To get your thinking-juices flowing, here are some suggestions:
You may also be asking yourself: what happened to including nifty pictures in your posts? or why did you pick such a boring name for your blog? or where's Rory? These are all reasonable questions. Some even have reasonable answers. I'm open to all questions.
So this is your opportunity to influence the content of the blog - don't miss out! Feel free to use the comments or contact us using the blog email address (to your right -->).
Labels: blogging
This morning's readables, to be enjoyed with coffee (or your stimulant of choice):
Labels: economia, international trade, Iran, links
|
|
---|