Adyashanti: Pearls on a pig
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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.
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?
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.
A crash course in all things debt ceiling.
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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.
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?