For the love of truth

Adyashanti: Pearls on a pig

Posted in Teacher & Teachings | Leave a comment

The culture of balance

By Paul Krugman

The facts of the crisis over the debt ceiling aren’t complicated. Republicans have, in effect, taken America hostage, threatening to undermine the economy and disrupt the essential business of government unless they get policy concessions they would never have been able to enact through legislation. And Democrats — who would have been justified in rejecting this extortion altogether — have, in fact, gone a long way toward meeting those Republican demands.

As I said, it’s not complicated. Yet many people in the news media apparently can’t bring themselves to acknowledge this simple reality. News reports portray the parties as equally intransigent; pundits fantasize about some kind of “centrist” uprising, as if the problem was too much partisanship on both sides.

Some of us have long complained about the cult of “balance,” the insistence on portraying both parties as equally wrong and equally at fault on any issue, never mind the facts. I joked long ago that if one party declared that the earth was flat, the headlines would read “Views Differ on Shape of Planet.” But would that cult still rule in a situation as stark as the one we now face, in which one party is clearly engaged in blackmail and the other is dickering over the size of the ransom?

Continue reading

Tagged , , , | 2 Comments

The news of public discontent

By Michael Wines

BEIJING — “After all the wind and storm, what’s going on with the high-speed train?” read the prophetic message posted last Saturday evening on the Chinese microblog Sina Weibo. “It’s crawling slower than a snail. I hope nothing happens to it.”

They were a few short sentences, typed by a young girl with the online handle Smm Miao. But five days later, the torrent that followed them was still flooding this nation’s Internet, and lapping at the feet of government bureaucrats, censors and the state-controlled press.

The train the girl saw, on a track outside Wenzhou in coastal Zhejiang Province, was rammed from behind minutes later, killing 39 people and injuring 192. Since then, China’s two major Twitter-like microblogs — called weibos here — have posted an astounding 26 million messages on the tragedy, including some that have forced embarrassed officials to reverse themselves. The messages are a potent amalgam of contempt for railway authorities, suspicion of government explanations and shoe-leather journalism by citizens and professionals alike.

The swift and comprehensive blogs on the train accident stood this week in stark contrast to the stonewalling of the Railways Ministry, already stained by a bribery scandal. And they are a humbling example for the Communist Party news outlets and state television, whose blinkered coverage of rescued babies only belatedly gave way to careful reports on the public’s discontent.

While the blogs have exposed wrongdoers and broken news before, this week’s performance may signal the arrival of weibos as a social force to be reckoned with, even in the face of government efforts to rein in the Internet’s influence.

Continue reading

Posted in The world we live in Now | Tagged , , , | 3 Comments

Cutting, taxing, spending….

By Thomas L Friedman

There is only one thing worse than Republicans and Democrats failing to agree to lift the debt ceiling, and that is lifting the debt ceiling without a well-thought-out plan and with hasty cuts totaling trillions of dollars over a decade. What business do you know — that is still in business — that would operate this way: making massive long-term cuts, negotiated by exhausted executives, without any strategic plan? It certainly wouldn’t be a business you’d expect to thrive. Maybe you can grow without a plan. But if you cut without a plan, you will almost surely hit an artery or a bone that could really debilitate you. That, I fear, is where we are heading.

Stop for a minute and ask: What would it look like if we were approaching this problem properly?

Continue reading

Posted in The world we live in Now | Tagged , , | 1 Comment

Climate change and Security

The UN Security Council has expressed concern that climate change may aggravate threats to international peace and security after what diplomats described as intense negotiations between Germany and Russia, which initially opposed any council action.

Posted in The world we live in Now | Tagged , , | Leave a comment

Q. and A. on the U.S. Debt Ceiling

A crash course in all things debt ceiling.

Vodpod videos no longer available.

Leave a comment

Smash the Ceiling

By James Surowiecki

In the past few years, the U.S. economy has been beset by the subprime meltdown, skyrocketing oil prices, the Eurozone debt crisis, and even the Tohoku earthquake. Now it’s staring at a new problem—a failure to raise the debt ceiling, which would almost certainly throw the economy back into recession. Unlike those other problems, however, this one would be wholly of our own making. If the economy suffers as a result, it’ll be what a soccer fan might call the biggest own goal in history.

The truth is that the United States doesn’t need, and shouldn’t have, a debt ceiling. Every other democratic country, with the exception of Denmark, does fine without one. There’s no debt limit in the Constitution. And, if Congress really wants to hold down government debt, it already has a way to do so that doesn’t risk economic chaos—namely, the annual budgeting process. The only reason we need to lift the debt ceiling, after all, is to pay for spending that Congress has already authorized. If the debt ceiling isn’t raised, we’ll face an absurd scenario in which Congress will have ordered the President to execute two laws that are flatly at odds with each other. If he obeys the debt ceiling, he cannot spend the money that Congress has told him to spend, which is why most government functions will be shut down. Yet if he spends the money as Congress has authorized him to he’ll end up violating the debt ceiling.

Continue reading

Posted in The world we live in Now | Tagged , , , | 1 Comment

The silence of the United States

Freedom vs interest – Fault Lines’ Seb Walker travels to the Perisan Gulf to look at US policy in the region, and to explore why the US has taken an interventionist policy in Libya, but not in Bahrain, where there has been a brutal crackdown on protesters. 

Posted in The world we live in Now | Tagged , , | Leave a comment

Debt and delusion

By Robert J. Shiller

Economists like to talk about thresholds that, if crossed, spell trouble. Usually there is an element of truth in what they say. But the public often overreacts to such talk.

Consider, for example, the debt-to-GDP ratio, much in the news nowadays in Europe and the United States. It is sometimes said, almost in the same breath, that Greece’s debt equals 153 per cent of its annual GDP, and that Greece is insolvent. Couple these statements with recent television footage of Greeks rioting in the street. Now, what does that look like?

Here in the US, it might seem like an image of our future, as public debt comes perilously close to 100 per cent of annual GDP and continues to rise. But maybe this image is just a bit too vivid in our imaginations. Could it be that people think that a country becomes insolvent when its debt exceeds 100 per cent of GDP?

Continue reading

Posted in The world we live in Now | Tagged , , , | Leave a comment

Save the Frogs

http://www.rainforestsos.org

Posted in The world we live in Now | 2 Comments