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ejgej's Comments

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Standing At Thermopylae: Greek Economic Situation Worsening Fast

Standing At Thermopylae: Greek Economic Situation Worsening Fast

Commented Apr 8, 2010 at 15:58:46 in Business

“US are neither in condition to bail out themselves, without FED printing more money. Don't forget US dont' have assets enough to bailout anybody. You see the decline from that.
Obama can not, this time.
Europeans have the money to bail out Greece and much more without printing more Euros, because they have huge assets compared to US (thery're a real creditor continent compared to US), but won't do that if not necessary, because lazy and piggy boys have to learn the lesson first.”

santai on Apr 8, 2010 at 16:03:54

“happy grave sweeping day.”

santai on Apr 8, 2010 at 16:01:39

“..you are totally correct...I am a progressive democrat, and if the europeans win this one, Obama, Bernake, Geitner, all of them totally lose credibility. If the IMF funds Greece, the US must pull out.”
Standing At Thermopylae: Greek Economic Situation Worsening Fast

Standing At Thermopylae: Greek Economic Situation Worsening Fast

Commented Apr 8, 2010 at 15:52:36 in Business

“On Greece aids, many contributions here reflect the idea that IMF is an american creature. That's all but true (look at IMF 2009 figures), it's by far more a european institute.
That couldn't be any reason to explain why IMF directors have all been Europeans but one since 1945, if it wasn't that EU contribution is up to 40% of IMF money vs US contribution at 17%.
EU countries control tha greater majority of votes inside IMF, so if they will stay unite, they can get what they want from IMF.”

santai on Apr 8, 2010 at 15:58:14

“...sounds like the start of obama admin spin...if money goes to Greece...next up has to be California...if not, the GOP will have a heyday with this, and frankly, I don't blame them.”
Standing At Thermopylae: Greek Economic Situation Worsening Fast

Standing At Thermopylae: Greek Economic Situation Worsening Fast

Commented Apr 8, 2010 at 15:28:09 in Business

“the IMF is not at all the US. it's by far the EU, with 40.39% of money contribution vs 17.09% of the US.
(IMF 2009 figures, you may control).
The majority of vote is controlled by EU inside IMF, as the money put in, So it's not that strange the IMF should bailout Greece for 1/3 of its debts. It's mostly european money.
EU has enough capital to bailout everything but China and US, because its assets are by far greater than the US. But You stay richer if You don't have to bailout the lazy boy, and many other lazy guys would then ask for the same. Not a good pattern to build something upon. the Euro crisis it's a big bonanza for european export , it's breathing oxygen for industries.
Nobody is such in a hurry to save Greece, who has hidden the real numbers has to learn his own lesson, so to be the people much more aware at next elections...”

santai on Apr 8, 2010 at 16:03:33

“...happy grave sweeping day.”
New U.S. Embassy In London To Cost $1 Billion (PHOTOS)

New U.S. Embassy In London To Cost $1 Billion (PHOTOS)

Commented Mar 15, 2010 at 15:21:34 in World

“weak project. it has the shape of a cube, but not the consistency of a cube. it seems to have a strong and clean surface, but no, 3 facades on 4 are fluffy designed. it wants to be light and transparent, but cannot avoid perimetral and full view heavy concrete pillars at ground floor.”
New U.S. Embassy In London To Cost $1 Billion (PHOTOS)

New U.S. Embassy In London To Cost $1 Billion (PHOTOS)

Commented Mar 15, 2010 at 15:21:16 in World

“A weak project for a confused building. Designer Timberlake is right: it's really a blossom of democracy”

ejgej on Mar 15, 2010 at 15:21:34

“weak project. it has the shape of a cube, but not the consistency of a cube. it seems to have a strong and clean surface, but no, 3 facades on 4 are fluffy designed. it wants to be light and transparent, but cannot avoid perimetral and full view heavy concrete pillars at ground floor.”
George Soros: Euro Will Face Bigger Tests Than Greece

George Soros: Euro Will Face Bigger Tests Than Greece

Commented Mar 15, 2010 at 14:14:03 in Business

“The European Govs seem to be well aware of their weakness, and even if sometimes they're slow to understand the dimension of problems, they discuss until they find a common strategy key, that is usually the right one.
Let's remember that when the financial crisis began, France and Germany alone put on the table more money than the entire USA Paulson bailout and in a much shorter time, as they had not to convince their parliament to do it.

When considering the EU governemt presumptuos and ineffective attitude toward Euro, you're mostly right, but let's remember Eu officials are just one face of Europe, and that there are still the single governments interconnected to balance and decide.
We don't konw exactly how, ma it has worked fine since EU was born.
Look at all the criticism Europe collected in past 30 years for its slowness, bureaucratic, state dominated and rigid and welfare economy. The situation now is that real unemployment, quality of life, purchasing power and safety are even better than the USA, the bussiness opportunities and productivity the same as USA, while national and private debt compared to public and private assets much more sustainable than the USA. Europe maybe appear slower, but maybe makes less mistakes to remedy to.”
George Soros: Euro Will Face Bigger Tests Than Greece

George Soros: Euro Will Face Bigger Tests Than Greece

Commented Mar 15, 2010 at 14:10:52 in Business

“Soros is right. What he says sounds obvious but true, I think nodody ever thought of Euro Experiment as complete.
In bad times weaknesses emerge, and a money backed by the treasury of one state is stronger than backed by the treasuries of 16 states, which try to achieve a common point of view to react.
Nevertheless Soro's prediction about Euro problems doesn't necessarily mean the death of Euro. I remind when Soros chiefed the big specuative adventure that led to the irreversible crise of the European Monetary System in mid '90s.
Instead of leaving away the idea to build a unified currency, the european govs reacted organizing the further rally the led to Euro, trough a new fix change since 1998 and its final adoption since 2002. It was the greatest financial success of all times.”

ejgej on Mar 15, 2010 at 14:14:03

“The European Govs seem to be well aware of their weakness, and even if sometimes they're slow to understand the dimension of problems, they discuss until they find a common strategy key, that is usually the right one.
Let's remember that when the financial crisis began, France and Germany alone put on the table more money than the entire USA Paulson bailout and in a much shorter time, as they had not to convince their parliament to do it.

When considering the EU governemt presumptuos and ineffective attitude toward Euro, you're mostly right, but let's remember Eu officials are just one face of Europe, and that there are still the single governments interconnected to balance and decide.
We don't konw exactly how, ma it has worked fine since EU was born.
Look at all the criticism Europe collected in past 30 years for its slowness, bureaucratic, state dominated and rigid and welfare economy. The situation now is that real unemployment, quality of life, purchasing power and safety are even better than the USA, the bussiness opportunities and productivity the same as USA, while national and private debt compared to public and private assets much more sustainable than the USA. Europe maybe appear slower, but maybe makes less mistakes to remedy to.”
huffingtonpost entry

Texas Textbook MASSACRE: 'Ultraconservatives' Approve Radical Changes To State Education Curriculum

Commented Mar 13, 2010 at 21:11:50 in Politics

“Well, forgetting Sen. Edward Kennedy instead of President Reagan is more a venial sin than a capital one, it's not JFK we're talkin' about”

giverny98 on Mar 13, 2010 at 21:44:22

“Umm ... what?????”
huffingtonpost entry

Texas Textbook MASSACRE: 'Ultraconservatives' Approve Radical Changes To State Education Curriculum

Commented Mar 13, 2010 at 21:09:04 in Politics

“If you put away the free enterprise and capitalism to describe the USA, you save only the Army.
Wow , it sounds like the Soviet Union. Not that bad for a gang of Right wing people!”
huffingtonpost entry

Texas Textbook MASSACRE: 'Ultraconservatives' Approve Radical Changes To State Education Curriculum

Commented Mar 13, 2010 at 21:02:51 in Politics

“'' history of McCarthyism include 'how the later release of the Venona papers confirmed suspicions of communist infiltration in U.S. government.''
The problem is that McCarthyism looked for communist infiltrations well outside the US government!”

Cannae on Mar 13, 2010 at 21:16:53

“Not really, no. McCarthy mostly went after people in government. This is one of the few changes that the nutty Texans got HALF right. It IS important to highlight what we know now: that there WERE in fact hundreds if Soviet spies working in the US in the 1930s and 1940s. This has been proven. The problem is that they were ALL gone--the Soviets having shut down their espionage operation-- by the time McCarthy came along and started accusing innocent people of being reds. He never found a single spy and made baseless charges to gain power and attention. So, INCLUDE the Venona evidence, yes. But McCarthy, a shameless liar and opportunist, not to mention a drunk, cannot ever be redeemed.”
huffingtonpost entry

Texas Textbook MASSACRE: 'Ultraconservatives' Approve Radical Changes To State Education Curriculum

Commented Mar 13, 2010 at 20:59:19 in Politics

“If Jefferson never existed and never gave an original idea of how the Union had to be shaped, why that fool of Hamilton spend his political life to fight for?”
huffingtonpost entry

Texas Textbook MASSACRE: 'Ultraconservatives' Approve Radical Changes To State Education Curriculum

Commented Mar 13, 2010 at 20:57:17 in Politics

“it is true that the USA are a constitutional republic. it's a republic ruled by a constitution, that rules which magistratures are directly elected by the people (demoscracy = demos-cratos = power of the people). It doesn't seem to me a great problem”

Tim303 on Mar 13, 2010 at 20:58:56

“It's not the "fact," it's the attitude that the "fact" comes bundled with. You know as well as I do that this attitude has to do with "I've got mine, you're on your own."”
huffingtonpost entry

Texas Textbook MASSACRE: 'Ultraconservatives' Approve Radical Changes To State Education Curriculum

Commented Mar 13, 2010 at 20:52:39 in Politics

“Oh nice! in Texas they'e sayin that if something is not explicitly written in Constitution, as the separation between state and church, it didn't exist at all in US history.
By the way, we all remember that Washington was crowned by a bishop, dont' we?

In 1776 laws were still written to assert what they rule, not to allow all what is not explicitly forbidden. They were not a society of lawyers we've got in. The founding fathers didn't have forbid the separation of state and church, it was enough not to affirm to unity of state and church.

USA are both a republic (it comes from res-publica, thing of all) and a democracy (it comes from demos-cratos, power of the people), that means that its magistratures are effectively elected by people.”
This Month's Book Club Pick: <i>The Road From Ruin</i> Charts the Path to Capitalism 2.0

This Month's Book Club Pick: The Road From Ruin Charts the Path to Capitalism 2.0

Commented Mar 13, 2010 at 19:34:48 in Books

“As Capitalism in any country needs social peace to live long, it has to provide through the community the rules and the means of tangible hopes for everybody. This is not socialism, this is instict for survival.
That's why a strong Government has always been necessary for Capitalism: it protects Capitalist development through those means of peace Capitalism needs to flourish.
That's why the existence of Capitalism and free market is a lot weaker and more fragile flower than Adams and other Classic thinkers could even imagine.

To let Capitalism and Market enrich us all again, we have to rethink the open Prairie Capitalism, because it's mostly founded on several wrong assumptions (definition of what is a capitalist, what is a communist and what communitarian, what is free market and what is government, and so on). I think we have to learn now how to learn from the outside world, breaking the xix and xx century cultural mind circle we built to keep the global world out of our lives.
In a deeper way, i have the idea that we should assume the american civilisation as a truly european product, because we inherited from Europe too many cultural boundaries to be otherwise, and we have to solve them inside the european world and history, to gain a real cultural re-foundation of capitalism. No escape from that.”
This Month's Book Club Pick: <i>The Road From Ruin</i> Charts the Path to Capitalism 2.0

This Month's Book Club Pick: The Road From Ruin Charts the Path to Capitalism 2.0

Commented Mar 13, 2010 at 19:34:33 in Books

“This experience of path to frontier, first european and then american, is mostly misleading when applied to the global world. Before xvi century, there were several State systems confronting for it.
These state systems might coincide with civilisations, as Christian Europe, Eastern Roman Empire, Persia, Dar ar Islam, Middle Empire (China), indian Moghuls. Soviet Union, call them as U like, which developed their own way to survive in specific social and natural environment, and opposed to all the others to protect and expand their basin, but also and mostly commerced and exchanged with the others, whenever possible.

Large communitarian organisation, sometimes more elitarian than others, always existed on long distance in order to organize in their territories in a situation of peace, where peace means absence of internal wars, stability in communication and money safety, inside a whole of common rules people observe and believe, that always favored production, investment, industry, exchange and commerce, i.e. richness for a few more able, and a comfortable and sustainable existence for the others.
By this way, in any State, it has always been a necessity for the few wealthy that the vast majority they have around can live in reasonable comfort, because the benevolence of a silent majority, much more that the benevolence of the Hidden Hand, is the primary condition of peace that allows the few proud and able people to invest and create richness in the long run.”
This Month's Book Club Pick: <i>The Road From Ruin</i> Charts the Path to Capitalism 2.0

This Month's Book Club Pick: The Road From Ruin Charts the Path to Capitalism 2.0

Commented Mar 13, 2010 at 19:34:06 in Books

“To better explain: the commercial world of Adam Smith in xvi century, even if already global, cannot explain the world of today, because it was based on a singular anomaly in the history of humanity: the very easy triumph of european power across the world because of decaying Islamic and Indian world together with the surprising self-resignation of China from the rest of the planet.
But today, Islam is not anymore asleep, and China as India decided to play the game again.
Here it is why the observations of Smith are not a Revelation Gospel, as a certain idea of Capitalism, and can be discussed, improved and whether necessary, denied.

While today we see the normality of human history, it was not Adam's experience of history. The Hidden Hand he theorized is talking to us of open fields where man can try whatever he wants, without no limit but the law of Market. It may have worked just for european culture thanks to lack of opposers between xviii and xx century, not more today.
This easy experience in catching the world without any resistance has fed for a long time the idea that market and capitalism can flourish without or with a minimal Government. We could call it Prairie Capitalism. because, except the last 400 years, the world has never been a prairie where nobody is going to oppose you guy when you're running to catch it.”
This Month's Book Club Pick: <i>The Road From Ruin</i> Charts the Path to Capitalism 2.0

This Month's Book Club Pick: The Road From Ruin Charts the Path to Capitalism 2.0

Commented Mar 13, 2010 at 19:33:26 in Books

“It really seems to me that the american identity got shaped in just a couple of centuries: xix and xx . Some few older ideas as ''capitalism'' back to Adam Smith and David Ricardo (xvii century), and they are often badly understood. In the same way having something shared, owned by a community, immediately sounds like marxist, communist or socialist.
But remind, that's just what a republic is! (res-publica, ''thing of eveybody'').

Banks, money printing, interest rates, loans, checques, international commerce, wealthy people, industry, bold and weak men have always existed and alway will in human history, since Roman Age to today. No escape to what we may call Capitalism , it is the natural way to survive for humanity at any latitude. Just as technological discoveries, search of comfort and development of military.

After all, Smith and Ricardo didn't invent capitalism, neither its modern deep engines. They only built a theory on what they observed of anglo-dutch flourishing society of their time, within the limits of their experience.”