Relevant and even prescient commentary on news, politics and the economy.

WTO ruling: ‘free trade’ and ‘state capitalism’ needs broader discussion

A recent ruling on countervailing duties and anti-dumping duties by the World Trade Organization:(bolding is mine) Senior Economist Ian Fletcher for the Coalition for a Prosperous America offers one point of view: The American position is that we are entitled to apply what are called “countervailing duties” against products that are subsidized by foreign governments. […]

Japan May Have Reached Point 7

I give up. It was perfectly obvious what was happening at Fukushima on Saturday afternoon, when I posted bullet points at Skippy: there was going to be a major cleanup cost and the live reactors were not salvageable, but nothing fatal to many was loose in the atmosphere yet. Which is why I followed up […]

Take a break …planning for efficiency

Yves Smith at Naked Capitalism points us to exploring how the pursuit of “efficiency”, for example in supply chains, without assessing what other risks are involved and planning ahead can result in major problems: It isn’t all that hard to understand that stressing efficiency at all cost comes at the expense of safety. Engineers will […]

Audit rates for the rich increasing–about time

by Linda Beale Audit rates for the rich increasing–about time crossposted with Ataxingmatter Note to readers:  sorry for the long absence again–personal circumstances prevented my blogging for the last several weeks.  I hope that I can again resume regular blogging now, but do apologize for the absence. The IRS recently released its 2010 Data Book, […]

King of California

David Zetland at Aguanomics offers this review of a topic that gets little national attention – the use of water between watershed areas, water rights, and how we value water to date at least in this area of the country. Use of water and policy on water use tends to be regionally and locally based, […]

PJ Crowley Resigns After Remarks Bashing Bradley Manning’s Detention

The Guardian via Alternet offers this note on the Bradley Manning pre-trial treatment: PJ Crowley Resigns After Remarks Bashing Bradley Manning’s Detention PJ Crowley, the official spokesman at the state department, has fallen on his sword after calling the treatment of Bradley Manning, the alleged source of the WikiLeaks files, “counterproductive and stupid”. The resignation […]

Tradeoffs, Saltwater Edition

In a perfect world, you use distilled HOH to cool and control a nuclear reactor. In a flawed world, you use potable HOH and hope nothing damages the reactor in the longer term. In an emergency, especially one where potable HOH is going to be in short supply and you are near the coast, you […]