News links for 17 Mar 2014
“there is room for more than one international currency as means of payment even for a good as homogenous as oil. They suggest that network increasing returns are not as strong as sometimes supposed, that first-mover advantage is not everything, and that incumbency is no guarantee of continued dominance. They, therefore, suggest that a shift from the current dollar-based system to a multipolar system is not impossible.”
Controversy has erupted, and justifiably so. Based on the leaks — and the history of arrangements in past trade pacts — it is easy to infer the shape of the whole TPP, and it doesn’t look good. There is a real risk that it will benefit the wealthiest sliver of the American and global elite at the expense of everyone else. The fact that such a plan is under consideration at all is testament to how deeply inequality reverberates through our economic policies.
Spanish government debt is 93.9% of gdp.
Portugal’s government debt to gdp was 128.7% at the end of the year 2013.
“As stated by all 28 EU Heads of State or Government on 6 March 2014, the European Union considers the holding of the referendum on the future status of the territory of Ukraine as contrary to the Ukrainian Constitution and international law. The referendum is illegal and illegitimate and its outcome will not be recognised.”
“Rosie Gray has a deeply reported piece on the cadre of young American journalists. Their motives appear to be a mix of careerism, naïveté, and utter incuriousity. The modal career arc of an American RT reporter appears to be an ambitious but not terribly bright 20-something aspiring journalist who, faced with the alternative of grim local-news reportage, leaps at the chance to make two or three times the pay while covering world affairs, sort of.”
There have been scores of earthquakes in the pacific over the past few weeks including this 7.0 one off the coast of Chile. There was a tsunami warning that one hears in this video.
Julia takes us along her journey of trying to stay off the grid, and for me the most fascinating parts are her “data audit” (Chapter 6), where she tries to figure out what data about her is out there and who has it, and the attempts she makes to clean the web of her data and generally speaking “opt out”, which starts in Chapter 7 but extends beyond that when she makes the decision to get off of gmail and LinkedIn. Spoiler alert: her attempts do not succeed.