Archive for November, 2005

November 24, 2005

Political issues

Well, Well, Well

by Edward Hugh

I have no idea whether the report pubished by the UK Daily Mirror that George W Bush discussed with Tony Blair the idea of bombing the Doha headquarters of the Arabic satellite TV channel al-Jazeera is well founded or not. How could I, I have no way of checking one way or the other. [...]

Culture

The System of the World

by Doug Merrill

Sorry, this is not a post proclaiming a political theory of everything. It’s a note saying “‘Tis done!” I picked up Neal Stephenson’s The System of the World sooner than I thought and finished it up right quick.
Previous posts on the Baroque Cycle are here, here, here and here. The argument of the trilogy and [...]

Economics

Schyzophrenia Outbreak At The FT?

by Edward Hugh

I know you should never take what a central banker says at face value, but still. Today Christopher Swann in Washington tells us (in an article entitled: End in sight to the Fed’s rate-tightening cycle - and with no question mark):
For much of the past year and a half the Fed has been running almost [...]

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Not Europe

Scrambled, Or Sunny-Side Up?

by Edward Hugh

How would you like your eggs done here sir, scrambled or sunny- side up? Of course my hilarity here may be due to the fact that Huevos in Spanish has a rather different connotation:
A South Korean scientist whose cloning of a dog Time magazine called this year’s most amazing invention resigned on Thursday as head [...]

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Euro

Crying Wolf At The ECB?

by Edward Hugh

The always interesting Paul de Grauwe has a piece in the FT today (subscription only unfortunately, but he does collect all his FT pieces on his website here, so it will doubtless appear eventually). Basically he is arguing a view which I agree with: in its enthusiasm for raising interest rates the ECB is overdoing [...]

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Europe and the world

Destination Unknown

by Edward Hugh

While China seems to be badly in need of entering the ‘information society’, Russia seems to be going flat-out in the opposite direction:
Russia moved closer to an effective ban on many foreign non-governmental organisations as its parliament on Wednesday considered a bill that human rights groups have criticised as another step towards a “totally closed [...]

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Economics

Informational Asymmetries in Harbin

by Edward Hugh

Whatever the underlying reality behind all the news headlines about ‘panic in Harbin’ one thing is sure, there are plenty of asymmetries pending resolution between the ultra-modern and sophistocated new-technology China and the ‘informationally closed’ political system which breeds a lack of trust and the kinds of over-reaction we are now seeing. China obviously [...]

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November 23, 2005

Economics

Sobering News

by Edward Hugh

First off, Dave at MacroBlog has a good summary of the core of the economic policy programme adopted by the new German government. He also has some to-the-point comments about ECB credibility issues
But the big news today must surely be the surprising state of the European consumer . Perhaps the most indicative reading on the [...]

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November 22, 2005

Germany

Thanks, Gerd

by Doug Merrill

Wasn’t Gerhard Schroeder fun? Didn’t Germany, maybe more than any other big country in Europe, need a leader who enjoyed things? Hasn’t public life gotten just a little grayer this late November Tuesday?
The election in ‘98 showed that Germany could actually change governments at the ballot box, and not just through parliamentary maneuvers. One more [...]

Economics

To Raise Or Not To Raise?

by Edward Hugh

European Central Bank (ECB) president Jean-Claude Trichet’s indication last Friday that eurozone interest rates are about to rise continues to make waves.
Yesterday the EU Observer had a piece indicating the Eurozone finance ministers were not amused, and today we have a retaliatory piece were Trichet explains theat the ECB is the ‘listening’ people bank, which [...]

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