Sunday, March 31, 2013

FAITH, Denim Grooming, and TV Ads


FAITH has taken a huge, absurd “makeover” lately... Fascinating. According to a recent Pew Research report, the percentage of Americans who are not affiliated with any religion is on the rise, including a third of Americans under 30. In recent years—what actually is the difference between getting high in a rock fest, Super Bowl, applauding in a political party convention, and attending a church convergence? Not much. Both rent stadium seating in thousands, Jumbotrons and smoke machines. Like a Tea Party soiree or Lady Gaga CD launch, “religious” congregations these days—such as the faithful in Deep Ellum in Dallas—perk up their church with come-ons: an art gallery, a yoga studio and a business incubator, sharing the building with a coffee shop and a performance space. Yes, that is a Church... BTW, don't forget your credit card.



DENIM GROOMING. Just for my (and probably your) trivia amusement... I was just browsing an issue of Men's Health and came across a fashion/style page titled, “Denim Democracy,” or how to groom in style on denim ensemble. Okay, here goes: Brunello Cuccinelli tie, $140; DKNY jeans, $156; G-Star vest, $220; Mark McNairy/New Amsterdam shoes, $425; Diesel under denim brief, $25; Stetson hat, $110; Will Leather Goods bag, $275. That is a whopping $1,351 (excluding tax)! With that money, I can organize 4 or 5 “Bonfires for Peace” free concert events, 5 hours each event. But I'd love a Stetson hat and Will Leather bag sometime... I'll wait for them at Goodwill, for maybe $3 and $7, respectively.

FASCINATING. An ad on TV offers service to humans how to use their brain properly... I went online and, I quote: “In addition to arranging Right Brain Express and Right Brain Aerobics training for your organization or department, you can also arrange a Right Brain-storming or Right Brain Sales session to...” etc etc. I wonder what'd the Neanderthals say. The direct grannies and granpas of these stone age homeys learned how to control fire 125,000 years ago without paying some smart brain consultant a pound of dino meat. Or what would Elle Cyd, the koolcat, say if I offer her a brain-training service? Probably she'd scowl at me: “Dude, I am not that dumb! I can roam wherever—yet here I am, not losing my way home each time. But you, humans, need a Smartphone to remind you you got a brain. Hello?!?”

ABOUT a month ago, the Chinese government issued rules requiring Internet users to provide their real names to service providers, while assigning Internet companies greater responsibility for deleting forbidden postings and reporting them to the authorities. We could easily judge such drastic measure—or outright censorship—as brought about by the Chinese Communist Party's hyper-sensitivity in regards anything political or internal. But I am ambivalent about the issue—in the context of our own internet lives. Free Speech is a basic human right but rights come with utmost responsibility. The internet has been used and abused—destructive “jokes” (ie false news about an individual's death or the Manti Te'o “virtual” girlfriend sham), outright ridicule of other people's religious beliefs, distortion of photos for pornographic purposes, vicious identity thefts etc. Who's going to “police” us? Us.

AS librarians across the nation struggle with the task of redefining their roles in a digital age, many public libraries are seeing an opportunity to fill the void created by the loss of traditional bookstores. They are increasingly adapting their collections and services based on the demands of library patrons, whom they now call customers... Today’s libraries are now showcasing the latest best sellers, lending Kindles loaded with e-books, and offering grass-roots technology training centers. “I think public libraries used to seem intimidating to many people, but today, they are becoming much more user-friendly, and are no longer these big, impersonal mausoleums,” said Jeannette Woodward, author of “Creating the Customer-Driven Library: Building on the Bookstore Model.” On closer look, however, it's just a matter of time till e-book companies control libraries. And yes, you hear it right—the patrons are now called customers.

AS though outsourcing factory work in China isn't enough, here comes Russia with more hands to offer America... When China entered WTO in the 1990s, it ushered the demise of American industrial might and the disenfranchisement of its once-vaunted workforce. Recently, Russia was accepted as a WTO member... Hence, the eventuality: General Motors ramps up production in Russia, a country that is becoming a bright spot for G.M. and much of the rest of the automotive industry. Trickle-down oil wealth and the spread of easily accessible auto financing are lifting sales, which rose by 40 percent in the first half of this year compared with the same period a year ago. G.M., Ford, Volkswagen, Nissan and Renault are all opening new plants, or intend to do so soon.

HOW'D you feel when, on your first date, just when you're about to nibble on your strawberry shortcake dessert, she (or he) asks you this question: “What’s your credit score?” The credit score, once a little-known metric derived from a complex formula that incorporates outstanding debt and payment histories, has become an increasingly important number used to bestow credit, determine housing etc. It’s so widely used that it has also become a bigger factor in dating decisions, sometimes eclipsing more traditional priorities like a good job, shared interests and physical chemistry. “Credit scores are like the dating equivalent of a sexually transmitted disease test,” said Manisha Thakor, the founder and chief executive of MoneyZen Wealth Management, a financial advisory firm. “It’s a shorthand way to get a sense of someone’s financial past the same way an S.T.D. test gives some information about a person’s sexual past.”

IT is sad, of course—when we see high school seniors opt out of college and decide to tread the surest path to a job, for the meantime. Many degree holders are toiling as wait staff or hotel crew as jobs continue to be shipped abroad—yet many youths become millionaires as sports stars, recording artists or computer wizards. For most though, they just have to be practical... Teenagers in a small oil county of Sidney in Montana are examples. Youths choose the oil fields over universities, forgoing higher education. It is a lucrative but risky decision for any 18-year-old to make, one that could foreclose on his future if the frenzied pace of oil and gas drilling from here to North Dakota to Texas falters and work dries up. But with unemployment at more than 12 percent nationwide for young adults and college tuition soaring, students here said they were ready to take their chances.

WHAT is “gamification”? This is a marketing trick that aims to infuse otherwise mundane activities with the excitement and instant feedback of video games. Many businesses are using these game strategies to try to get people hooked on their products and services — and it is working, thanks to smartphones and the Internet. Buying a cup of coffee? Foursquare, the social networking app that helped popularize the gamification idea, gives people virtual badges for checking in at a local cafe or restaurant. Conserving energy? More than 75 utilities have begun using a service from a company called Opower that awards badges to customers when they reduce their energy consumption. You get the drift, right? Now, keep on playing...

MEDIA blackout. This happens when news organizations decide to shut up in the face of certain events. There are many reasons why media may declare a blackout—most out of caution. In 2008, when David Rohde, then a reporter for The New York Times, was kidnapped by the Taliban in Afghanistan, more than 40 major news outlets refrained from reporting the story for seven months, until he and a local reporter escaped... There are also many instances when persistent reporters outsmart actual police investigation, for example. Media is concerned with info dissemination, police focuses on solving crimes. Most often than not, these intents collide. But we know for a fact that that line has narrowed due to a fluid stream of “info” flow in the internet. Gossip websites such as Gawker can easily post a video or blog entry and things go haywire... Or a 13-year old nerd could cook up a photoshopped image and then, voila!

AN article in Shareable concludes: “... Private banks are finding ways to swindle the American people.” It is hard to argue him. For one, collateralized debt obligations and asset-backed securities helped create the housing bubble. Now, bankers are using interest-rate swap bonds to obtain greater profits from loans that finance national infrastructure. In this complex process, when a city needs cash for a new school or subway line, Wall Street entices it into a “swap bond” with a promise to pay more (in regular installments) as interest rates rise, while the city pays a fixed monthly rate. But if interest rates fall, so do the bank’s payments, leaving the city scrambling to pay the monthly bills with less cash on hand. Problem is, virtually all interest rate swaps between local and state governments and the largest banks have turned into perverse contracts whereby cities and counties pay millions yearly to the few elite banks that run the global financial system...

DUE to many acquired sociocultural sensitivities these days, it seems easier to assume that differences in job opportunities and racial trends in academic “success” has also narrowed. Not true, according to recent studies... New evidences suggest that low-income Americans have lower chances of upward mobility than counterparts in Canada and Western Europe. Thirty years ago, there was a 31 percentage point difference between the share of prosperous and poor Americans who earned bachelor’s degrees, according to researchers at the University of Michigan. Now the gap is 45 points. This means, both groups improved their odds of finishing college—but the affluent improved much more, widening their sizable lead. It seems a no-brainer but a lot of factors play around such a trend...



YOU and me aren't the only ones multitasking—and I am not just talking about cooking, editing and making family-related phone calls. It most prevalent in global economy. It’s called microtasking, and it works by outsourcing small, virtual tasks to an army of online workers, who then perform them for pennies. These tasks vary widely in scope and substance, but what links them all is that they’re essentially too difficult or too dependent on human analysis for a computer to do, but too simple for skilled labor. And they’re the bedrock of the internet. Crowdsourced microtasking—conducted largely via Amazon.com’s Mechanical Turk site—is now a multimillion-dollar industry. And I am not even talking about why my job as journalist-editor has been microtasked so widely, universally...

WE are getting older alive, yes—physically... A sharp decline in deaths from malnutrition and infectious diseases like measles and tuberculosis has caused a shift in global mortality patterns over the past 20 years, according to the department of medical ethics and health policy at the University of Pennsylvania. The shift reflects improvements in sanitation, medical services and access to food throughout the developing world, as well as the success of broad public health efforts like vaccine programs. The results are striking: infant mortality declined by more than half from 1990 to 2010, and malnutrition, the No. 1 risk factor for death and years of life lost in 1990, has fallen to No. 8. The study, however, didn't provide data on mental health...

HUNDREDS of thousands of people across the world have switched on their computers to find distressing messages alerting them that they no longer have access to their PCs or any of the files on them. The messages claim to be from the FBI, some 20 other law enforcement agencies across the globe or, most recently, Anonymous, a shadowy group of hackers. The computer users are told that the only way to get their machines back is to pay a steep fine. And it’s working. The scheme is making more than $5 million a year, according to computer security experts who are tracking them. The scourge dates to 2009 in Eastern Europe. There are now more than 16 gangs of sophisticated criminals extorting millions from victims across Europe. It's no surprise that it's also widespread in the US.

PEOPLE of all ages, especially those between 18 and 34, have become so comfortable with online commerce, instant correspondence, and daily confession that personal privacy is being redefined and, some argue, blithely forfeited. “Young people have already embraced the frenzied commercial environment of the digital marketplace,” says Jeff Chester, executive director of the Center for Digital Democracy. So fast. Cell phones track physical movement; computer cookies transmit buying habits, political affiliations, and sexual proclivities. And now, because computer users have characteristic patterns of how they time their keystrokes [and] browse websites, researchers are learning how to use typeprints, clickprints, and writeprints, respectively, as digital forms of fingerprints. The future is scary.

WE are a landlocked people, fenced away from our own beautiful shores, unable to exercise the ancient right to enjoy our precious beaches. These days, beachfront property owners, wealthy municipalities and private homeowners’ associations threw up a variety of physical and legal barriers designed to ensure the exclusivity — and marketability — of the beach. These measures were not only antisocial but also environmentally destructive. By increasing the value of shoreline property and encouraging rampant development, the trend toward privatizing formerly public space has contributed in no small measure to the damage storms inflict. Tidal lands that soaked up floodwaters were drained and developed. Jetties, bulkheads and sea walls were erected, hastening erosion. And sand dunes — which block rising waters but also profitable ocean views — were bulldozed. So what is safer: Let the people freely enjoy the beaches or let business own them?

IN the 1970s, researchers at the University of Pittsburgh developed a software to diagnose complex problems in general internal medicine—which resulted in a commercial program called Quick Medical Reference. IBM is now working on Watson for Healthcare (Watson, the Jeopardy-playing computer). Before that, in 1996--the Deep Blue chess program trounced Garry Kasparov, the world’s best player at the time--to claim an unambiguous victory in the computer’s relentless march into the human domain. What does this portend? Now it is easier to solve problems with the help of machines that are made by human minds? Or does it say—since we've already stocked up data and stuff on these electronic gadgets that humans should think less this time? So we become the machines...



THIS year, more than 40 brand-name drugs — valued at $35 billion in annual sales — lost their patent protection, meaning that generic companies were permitted to make their own lower-priced versions of well-known drugs like Plavix, Lexapro and Seroquel — and share in the profits that had exclusively belonged to the brands. Next year, the value of drugs scheduled to lose their patents and be sold as generics is expected to decline by more than half, to about $17 billion, according to an analysis by Crédit Agricole Securities... Big freakin' deal! During the first nine months of 2012, sales of generic drugs increased by 19 percent over the same period in 2011, to $39.1 billion from $32.8 billion, according to Credit Suisse. I'd like to translate those money to food production, instead.

PRESIDENT Obama previously said that the 30,000 American troops deployed to Afghanistan would be home by September, and he made good on that promise. He also said troop reductions would continue at a “steady pace” until the remaining 66,000 were out by the end of 2014. A “steady pace” should mean withdrawing all combat forces on a schedule... However, it was recently reported that military commanders are pressing to keep most of the remaining troops until the end of the 2013. The cost of maintaining troops there is on the upward of $500 billion. The real story: Aside from Afghanistan's steady supply of natural gas and crude oil, the country has has been the greatest opium producer in the entire world. Opium can be manufactured into codeine and morphine, both legal pain-killers, among other drugs (legal and illegal). There are more than a dozen giant, mostly American and European, pharmaceutical companies maintaining base in Afghanistan.


Sunday, February 3, 2013

What's in a Team's Nickname


SPORTS team monickers.
Since NBA has always been my first choice of sports leisure distraction, Boston Celtics vs Los Angeles Lakers easily occupy my fancy. Made me ponder, most Boston players are African-Americans but they are called Celtics. The Celts (or Kelts) were an ethno-linguistic group of tribal societies in Iron Age and Medieval Europe--distributed mostly via the Gaels (Irish, Scottish and Manx) and the Brythonic Celts (Welsh, Cornish, and Bretons). I mean, Caucasians/Whites.

I am over-reading it, I know...
Another sports nickname that infuriates some (or most) of my Native American kin and friends is the Redskins, or NFL's Washington Redskins. Yes, “redskin” is a slang that refers to the indigenous peoples of the Americas (ie whites, blacks etc). The strongest argument though centers around alleged atrocities of Penobscot Indians by European settlers in mid-1700s. American Indian groups posit the the term redskin was coined in response to a 1755 Proclamation which institutionalized genocide of the Penobscots. Heavy, isn't it? In fact, “redskin” doesn't end there.
My former NYC roomie, Neil Yang (yes, that's his name), claimed to be a Redskin, not a Cherokee or Navajo (he's ethnic Taiwanese by way of Ontario, Canada)--but a socialist or Communist skinhead (also called redskin).
Back to the NBA. Next season, the New Orleans Hornets will be called New Orleans Pelicans, which their owners say, is more appropriate. I just hope that sportscasters cut the alias to a shortened Lycans, which is also kinda apt, I think—NOLA, being the setting of many supernatural/underworld novels and movies (notably Anne Rice's vampire books and Charlaine Harris' "The Southern Vampire Mysteries"--basis for the popular HBO series, "True Blood"--which is set in Louisiana). Lycan is an alternative name for werewolf. In the the Underworld film series, Lycans are biologically immortal transgenics--with greatly enhanced physical attributes.
Anyhow,  whatever, right?
I wonder why my home city's sports (baseball) team is called Asheville Tourists... Tourists are outsiders, not homeys. I mean, why wouldn't all sports-crazy cities adapt names that somehow connect to local culture (or subculture)? I mean, Asheville should be called Asheville Beerguzzlers, for example—being the beer capital of the US.
Meanwhile, since some teams make no fuss with naming their teams narcissistic/holier-than-thou (or badder-than-thou) names like (New Orleans) Saints and (LA/Anaheim) Angels or (New Jersey) Devils... Why not call teams via unlikely—but admittedly cool/awesome tags to young, fiery youths... like say, Las Vegas Sinners, Unknown City Motherfuckers, Pandora Bitches, Krypton Assholes etc etc. 
Oh well. Just watch the game...

Friday, January 25, 2013

Bad Food, Good Food, and Ramen Noodles


ARE ramen noodles dangerous to health?

FIRST, all manufactured food or marketed produce (canned, packed etc)--or even those that are seemingly "fresh" but transported from a certain spot to the next--are somehow injected or infused with agents for longevity (shelf life etc), flavor and/or whatever marketing kick there is... A fact of life, especially in societies where market economy dictates consumer consumption.
Example: Gluten—a protein composite found in foods processed from wheat, barley and rye--gives elasticity to dough, helping it rise and keep its shape and often gives the final product a chewy texture. Why do we resort to gluten? No brainer. Mass production. Foods are mass-produced in countries (like the US) where most people purchase than produce themselves, yet most of these foods are thrown away or wasted. Conversely, high volume of foods on the market clog consumer brain, a subliminal marketing hook that works for huge profit.

HOWEVER, there are still many villages somewhere in the world where canning, packaging, chemicals-on-foodstuff madness etc aren't happening. Communities farm and grow, breed and trade meat without knowledge of gluten, organic, antibiotics contamination because of the simple fact that they don't mass-produce their food, they just grow and produce as per needs of their community. I saw and experienced these when I was a child growing up in the mountains of the Philippines and during my travels in small towns in many countries and cities. Hogs, poultry, cows and goats were raised and sold, produce were farmed and delivered/distributed—to exactly what the community needs for basic survival. “Market economy” is literally open marketplace, eyeballs negotiation between buyer/consumer and farmer/vendor.
Here in America, we are over-consuming and still relatively undernourished (or “overnourished”) because most of us are misguided and misinformed—by mostly information that are fed by multi-million dollar research that are funded by giant food manufacturers and business conglomerates that we google everyday. Corporations chuck huge dough on “research” to pitch more of their products (hell, they gotta recoup the money somehow, right?)

FOOD and eating are common sense, I believe. Basic human response to life and living. A huge percentage of food in stores and groceries are packed/manufactured (or “bad”). That is a given. So what are we supposed to do (when we can't plant/produce our food ourselves)? Freak ourselves out? No. We work around it... We should study cooking, practice it consistently, mix “bad” and “good” ingredients (since “good” and “bad” is relative, anyway), and feed ourselves.

The sad thing is, we are so obsessed with being “healthy,” so much so that we are losing the inherent, natural gift of food and eating as integral part of life. You see, we may be able to choose every little bit of whatever we put in our mouth as healthy and good, but when we go out there in the street, there is contamination in the air, the gasoline in the car messes the lungs, the wind and sun bring cancer, what about the water that we drink etc etc. What kills humanity is our mental state that dictates the body. I can eat the best healthy food ever, and then I may question where the hell this shit came from? Mexico, China, Timbukthree? That is freakin' bizarre food, man! There goes our food prejudices... And I will worry about it all day and night, and all through my sleep.

BOTTOMLINE, just chill and eat. The body is a temple, a personal temple—every human individual must know how to worship the body, it's a personal god. Dr Oz or whoever Dr No or Expert Yes will tell me what to eat and be healthy? No way Hosay... I still believe in what my grandmother yelled: “Eat, young man! You are lucky that you have food to eat... It's a blessing. Eat!”
I remember that funny incident when my sis in law in Las Vegas accidentally sent a box of cat food to her relatives in an island town in the Philippines. They knew it was cat food alright (yes, they can read English), yet they ate them like crazy and were very thankful as well. They mixed the cat food with ramen noodles, over and over again... And then, at 5AM, they set out to the ocean, muscles and brawn glistening under morning sun. Their way of life... Their dads and grandparents died at age 92 to 101.

WHAT will make people healthier? Balance. Moderation. Common grandmother sense. Health isn't ushered by just the food that we eat. What we eat, we eventually let them out of our body and some remain inside... Burn the calories, balance our overall equilibrium etc. The mind is very integral in this “production line” that grinds in a human being's anatomy. But balance isn't easy. Yet we try...
I eat ramen noodles, McDonald's burger and Twinkies. But I also cook and prepare food my way, most of the time—and here I am with no ailment that may bring me to monthly doctor's appointment, I am 53 this year...
The Japanese and Okinawans eat a lot of fish that most of us say are Mercury-infested, they also eat a lot of KFC fried chicken. But these people live beyond 90s. As what an 86-year old active Japanese fisherman once told me as I asked him what's his secret. He laughed and said: “Sake, sushi and sex.” Then he kept on laughing.
There you go.

Sunday, January 13, 2013

UPCOMING EVENT/s, 2013


[1] MARCH 27 (Wednesday), 7:30-10PM.
A Mind Gravy Poetry, Music and Open Mic
With Caleb Beissert (part of his road roadings for his book, "Beautiful," translations from the original Spanish poetry of Federico Garcia Lorca and Pablo Neruda), with guest singer songwriter Sydney McMath; produced by Al Black. Drip Coffee, 729 Saluda Ave at Five Points, Columbia, SC

[2] MARCH 16 (Saturday), show starts 8PM.
THE WIND WHISPERS PEACE

With Rev. Syd and the Homewreckers, The Caleb Beissert Band, The Black Canaries, Brief Awakening, Jaime Lauren Webb, with Pasckie Pascua and Jadwiga McKay. VENUE: Westville Pub, 777 Haywood Road, Asheville, NC 28806. (828) 225-9782. $5 cover charge (for the benefit of TBonfires free “Bonfires for Peace at Pritchard Park” concerts in downtown Asheville)

[3] MARCH 9 (Sat), 9PM. 
FOOD POETS SOCIETY is a food and poetry/music gathering. I cook/prepare food, mostly an “interface of Pacific island cuisine and Western food choices,” and serve them on donation basis for the benefit of our community projects and overseas calamity relief. As you dine, poets and musicians entertain in an ambiance of dim-lit intimacy. PERFORMERS: singer songwriters Liam McKay, Jaime Lauren Webb, and Dave Rowe, poets Brando Chemtrails, Pasckie Pascua, and Jadwiga McKay, and bellydancer Claire Dima.


VENUE: Vanuatu Kava Bar, 15 Eagle Street,  Asheville (828 505 8118).


[4] FEB 14 (Thursday), 8:30PM. 
will be one of the poets who will read poems in a benefit “LAP POETRY” show at the Vanuatu Kava Bar in downtown Asheville on Valentine's night. Bid on a poem or two—and savor the sweetly decadent pleasure of a poet reading a poem right on your lap! FEATURING: Griffin Payne, Pasckie Pascua, Barbie Angell, Jadwiga McKay, Kevin Evans, Justin Evans, Kevyn Barger, Jenifer Riddle. Hosted by bar/cafe owner Andrew Procyk and Caleb Beissert. VENUE address: 15 Eagle Street,  Asheville (828 505 8118) 

[5] FEB 1 (Friday), 8PM.
With SYDNEY McMATH (singer songwriter) at Little River Coffee Bar (188 West Main Street, Spartanburg SC 29306). http://www.littlerivercoffeebar.com/ 
With guest, Jadwiga McKay and Jaime Lauren Webb. FREE



Saturday, December 22, 2012


BONFIRES FOR PEACE at PRITCHARD PARK  

2013 DATES (all Saturdays): April 13, May 11, June 8, July 13, August 10. INTERESTED bands/performers, dancers, theater acts, juggles etc—email me, pasckie@yahoo.com or Jadwiga McKay, jadwigapromo@gmail.com or call Marta Osborne at 828 280 1555.


Thursday, October 25, 2012

Obama's Stimulus, Romney's Austerity


AT the last presidential debate, both President Barack Obama and Mitt Romney spent majority of their tussle around military spending, Iran, Israel, Pakistan etc—all the macho Captain America posturings and “national security” cautionary air. What about global economy? Aside from China, what is the trade policy on Russia, Brazil, India, Southeast Asia. What about the European Union? All this “threat to America” should be set aside—instead, focus on formulating a more sound economic/trade relations with the world...
     A glaring look at the debate also articulates Obama's edge in the race. Romney appeared tensed, scattered, unconvincing–and he agreed with Obama on most issues (Iraq, Afghanistan, Libya, Syria, Iran). The Massachusetts politician didn't present one smartly thought out foreign policy agenda. The president was more firm and convincing—although I don't necessarily agree with some or most of his arguments. Romney contradicted himself on not just one issue. It's as though he forgot what he kept on hammering out in his campaign speeches...
     I am particularly concerned that they didn't discuss or even asked by the moderator about how they'd deal with Russia being a member now of WTO (as China's main competitor in "stealing" American jobs and patents), China gaining control in South China Sea (a main trade gateway and defense fort), and what about the European Union? It bothers me that the debate centered on national security in re Iran and Pakistan... It sends a chilling message to Americans and the world that Muslims should be hated instead of looking at the global situation as a business negotiation and mutually beneficial compromises.
     But then, let's leave foreign policy for a bit and focus on economy.
     Mitt Romney’s best argument on the campaign trail is consistent but weak: Under President Obama, the American economy has remained gasping. That is not hard to argue. But if we scrutinize the Governor's proposed economic policies, well—Americans should worry more. He favors the same austerity measures that Germany and Britain have been implementing to rescue the economic downturn—as though he isn't looking outside his window what's going on in the West.
     Austerity refers to a policy of deficit-cutting by lowering spending via a reduction in the amount of benefits and public services provided. Austerity policies are often used by governments to try to reduce their deficit spending and are sometimes coupled with increases in taxes to demonstrate long-term fiscal solvency to creditors.
     Textbook wisdom says that in an event of a downturn, governments should go into deficit to stimulate demand. That trick, after all, saved America from the Great Depression. But times are changing so fast. Recent European data and analysis by the International Monetary Fund underscore that austerity in the middle of a downturn not only doesn’t help but leads to even higher ratios of debt to economic output. The IMF projects that Europe's economy is expected to shrink even more this year, and that the US economy will only grow by 2 percent.
     Republicans who are almost unanimously in favor of austerity tried their shenanigan in New Jersey. NJ ranked 47th in economic growth last year. When Gov. Chris Christie took office in 2010 and began to impose austerity measures, New Jersey ranked 35th in its unemployment rate; now it ranks 48th.
     Bottomline, Obama's massive stimulus program and Germany/Britain's US Republican-endorsed austerity aren't working for the West.
     Needless to say, the president's $700 billion rescue of Wall Street in 2008 created only at least 1.4 million jobs, according to the nonpartisan Congressional Budget Office. That wasn’t enough. Moreover, the 93 percent income gains from the 2009-10 recovery went to only the top 1 percent of taxpayers, says economists Emmanuel Saez and Thomas Piketty.
     So what's going on? Americans should head East... Drop Europe and ponder countries that are doing exceptional work with their economies. I mean, even the “lowly” Philippines has recently donated money to a cash-strapped IMF.

Friday, October 12, 2012

US Presidential Elections: It's All Foreign Policy


U.S. PRESIDENTIAL elections.
     What American voters must dig in deeper is Washington's ever-intensifying relationship with global economy/regional security, especially that Uncle Sam's European allies are in disarray. World Bank and IMF are virtually penniless and tempest roars on the streets.
     Historically, most US presidents devote more energy while on campaign trail on domestic issues than overseas—but about a year or two after they are elected, they seem to focus an ever increasing amount of time to the rest of the world. The Balkans consumed Bill Clinton. George W. Bush launched two wars. Barack Obama paid much attention on revamping counter-terrorism policies, rebalancing priorities on the Pacific Rim, prosecuting a war in Libya, and wiping out Osama bin Laden.
     Without spending too much rhetoric on foreign policy, it is apparent that both candidates' tactical teams are looking beyond the West: Asia, Southeast Asia, South America. They have reasons to be wary. The playing field has become tight in the past few years. China has emerged big like the proverbial dragon, Russia launches huge stakes in Antarctica's melting icebergs for oil etc etc. India and Brazil—and most Southeast Asian countries—have muddled bidding for the world's factories with China and Russia.

NOTWITHSTANDING President Obama's campaign pledges to fix the economy, few weeks following his proclamation in 2008/9, he embarked on a trade mission to China—for obvious reasons. Apparently, such gesture didn't manifest into good tidings. Hence these days, as Mr. Obama runs for re-election, he takes on tougher line toward Beijing...
     The White House has filed two major cases in the past three months against China at the World Trade Organization. On the same day as the latest trade action, Defense Secretary Leon E. Panetta announced plans in Tokyo to help Japan deploy a new missile-defense system, which has aroused suspicion in Beijing.
     Then figure this out: Why did Washington gave a no-visa policy to Taiwan—a privilege that China doesn't enjoy although the Chinese is tops in terms of bringing in tourism money to the US. Washington has, time and again, rejected the suggestion that the United States was pursuing a cold-war-style containment of China... Let's wait and see. Meantime, we have to ask: Why is it there are renewed war exercises in South Pacific—at a time of Chinese “bullying” in contested islands in South China Sea?

BUT hold up, let us also look into how the presidentiables stand on North Korea, Iran, Mexico (it is NOT an illegal immigrant perch, it is an important economic partner), Colombia's drug wars, Libya (remember, Libya is an OPEC power), Afghanistan (take Kabul out, then worry about your next medication/pills--this country is a pharmaceutical minefield).
     Not Obama or Romney have presented credible or consistent stand on these matters, as yet. Americans can't just say, "Let's just look within." Whatever Washington decides on outside and beyond affect America's smallest town and biggest cities. Look what happened when Bill Clinton got China into WTO in the 1990s...
     If the 1 percent/Wall Street pushes for Russia, India and Brazil in re factory/outsourcing alternatives besides China and Southeast Asia, expect recession to go worst than the Great Depression. But then, we are all numbed by apps, FB, tweets, and Smartphones, so it's dim.

MOREOVER, I don't get the point why Romney/Obama (esp. Mitt) had to harp on education and the middle class. Education? College grads are waiting and bussing tables and cleaning houses just to pay rent. So Massachusetts made good in educating its youths under Romney? But for what? Where are the jobs that levels with such good education? Even Harvard scholars are caught cheating...
     And the middle class? They are living on their beat up sedans. History says many exodus to America for greener pastures... But the US has become simply a place to hang out and chill place for the contemporary rich (check Chinese and Brazilian tourist data in NYC alone in the last 4 years)--while brilliant Americans leave families and fly to Saipan or Hongkong or Guangzhou province to supervise workers. The world order has tilted.
     America has more than ever couldn't survive without its allies. Whoever wins in the coming election, must convince his constituency that life and living will improve drastically—because Washington is adapting a more decisive stance in regards foreign policy.