6/26/2008
The Father and Net Nuetrality
Should the Internet be owned and maintained by the government, just like the highways? Vint Cerf, the “father of the Internet” and Google’s Internet evangelist, made this radical suggestion.
His comment was in the context of a bigger discussion about the threat to Net neutrality posed by the cable and phone companies, who are making moves to control the amount and types of bits that can go through their pipes.
Net neutrality and preventing broadband carriers from controlling Internet traffic or content is something that Google has a definite stake in. The Google page on the subject even links to grassroots groups the Open Internet Coalition, and SaveTheInternet. But the question should be whether Google’s dominance of Internet navigation, as well as advertising poses a greater threat to the future of a free Internet.
6/23/2008
And tits doesn’t even belong on the list
Shit, piss, fuck, cunt, cocksucker, motherfucker, and tits.
George Carlin, hero and inspiration to millions.
6/6/2008
The US is Holding Iraqi Funds Hostage
Patrick Cockburn reports in today’s Independent that the Bush Administration is holding $50 bn in Iraqi reserves hostage in order to force the Iraqi government into signing a long term military agreement with the US:
Iraqi critics of the agreement say that it means Iraq will be a client state in which the US will keep more than 50 military bases. American forces will be able to carry out arrests of Iraqi citizens and conduct military campaigns without consultation with the Iraqi government. American soldiers and contractors will enjoy legal immunity.
…The fact that Iraq’’s financial reserves, increasing rapidly because of the high price of oil, continue to be held in the Federal Reserve Bank of New York is another legacy of international sanctions against Saddam Hussein. Under the UN mandate, oil revenues must be placed in the Development Fund for Iraq which is in the bank.
Another troubling element in this story is that the Iraqi government wanted to diversify some of their foreign holdings (kept by the US Treasury) to euros from dollars. This was vetoed by the United States, costing the Iraqis some $5bn due to depreciation of the dollar.
Brooks on Lincoln?
Interesting Op-Ed in today’s NYT, but who is he referring to today?
6/4/2008
It’s the Economics, Stupid Dick!
While everyone else was holding their breath last night to see if it was really going to happen, I thought I’d share my thoughts on a minor story that gave me a bit of a jolt while scanning WaPo on Monday (I wrote this last night but Polianna was down).
The headline read:
Cheney Rejects Federal Gas Tax Suspension.
I did a bit of a Jon Stewart face turning ‘’whaaaa???!!!'’. That’s not that evil. I went on to read the first paragraph. His Darkness said that it would only provide minimal relief and not address the real issue. I paused. Not only is this not all that evil, it’s actually true. So here’s Dick Cheney possibly saying something that’s both true and not evil? What gives?
So I keep reading and there it was:
And what it does is it avoids addressing the issue, which is, markets work; the law of supply and demand works. If you want to limit production of energy resources in the United States, that’s fine, you can do that, if in fact, that’s where national policy goes and that’s what the policy process produces…
But if I were to argue how it ought to affect the election, I think it ought to have negative consequences for those folks over the years who’ve worked so hard to limit U.S. production of energy resources. That’s my view of the world. Not everybody agrees with that, obviously, but we don’t drill off the East Coast, we don’t drill off the West Coast, we don’t drill off Florida, we don’t drill in important parts of Alaska. And that means we have less domestic production than would otherwise be the case. And the old law of supply and demand works, and when demand gets tight, those prices go up. And so today we’ve got $4 gasoline….
One way to change that is to increase our domestic production of energy resources, which we can do environmentally in a sound fashion. I would hope that would be one of the issues in this campaign. It should be a lively debate. I would expect that certainly my party will bring it up. I don’t know about the other party.
The Dick is against the gas tax because it would further deter Halliburton from cashing in off of drilling off the coast of Alaska. And on the seeming flawless market principles of Supply and Demand.
Two problems with the Veep’s econ. The first is viable alternatives - the economic concept related to price elasticity, where if the price of something goes up, viable alternatives become comparably less expensive. Like if the price of fossil fuels increases rapidly, the price of alternatives, like alternative energy sources for example, will become relatively less expensive. This would be amenable with a simplistic invisible hand of the market view would it not for the second point. And that is external costs, or externalities. I.e. costs external of something, usually borne out by others. Like the polar ice caps melting, or increased skin cancer from pollution. External costs are not factored into the market price, but are no less real. And in these situations you need government to protect society from bearing those costs while the greedy fat cats cash in. This is very important if you are considering energy markets from a rational point of view. So on top of endless war and debt, and crumbling infrastructure, consider the external costs incurred by the whole world from the mixed up minds of W. Bush and Dick Cheney.

