Pacific Tribune
Gathering Art and Lifestyle News about Issues for the Pacific Basin
Beijing, Taipei agree on direct weekend flights: “a good thing”
Friday, June 13th, 2008
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Beijing, Taipei agree on direct weekend flights
Beijing and Taipei made history on Friday, agreeing to end a 59-year-old break in transport links by conducting direct flights four days a week, and increasing tourism, a move seen as a likely harbinger of more ties and cooperation between the two.
Guam has it’s energy issues too!
Wednesday, February 6th, 2008
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More here: Pacific Daily News - www.guampdn.com - Hagatna, GU
GPA: Rate increase can hold: But only if GovGuam pays off its streetlight debt payers, the Guam Power Authority has agreed to defer its proposed base rate increase until the end of May.And if the government of Guam pays at least $7.9 million of the $12.7 million it owes to GPA for past-due power bills for streetlights, a reduced base rate proposal would further be delayed for at least a year — until March 2009.
Explaining the financial crisis: the ‘Anglo Disease’ concept
Sunday, February 3rd, 2008
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More here: Explaining the financial crisis: the ‘Anglo Disease’ concept
The reality, unfortunately, is that a massive inequality, declining or stagnant living standards for the majority, which spend more than they earn, and, as a consequence, a massive bill pushed out into the future. Well, that future is now, and the imbalances will only be unwound if incomes match spending, which can happen via lower spending or via higher incomes.In the financial capitalism model, incomes are a cost and should not increase; if that logic prevails - if the Anglo Disease is not cured from our body politic - spending will crash and a recession is not only inevitable but likely to be very painful, as the real economy slows down brutally, and the financial bets that ride it suddenly look highly unreasonable, and turn into losses (as is happening already in the subprime sector).
If, to the contrary, policies are focused on propping incomes for the poor and the middle classes rather than profits, on investing in the real economy rather than in monetising its existing activities (for instance via plans to boost energy efficiency in the household sector and renewable energies), on taxing today’s wealthy rather than tomorrow’s citizens, then there is a chance to limit the crash.
Just like the Dutch disease was caused by a new sector providing temporary windfalls, the Anglo disease was made possible by the combination of technological progress in the financial world, the long bond bull market created by Volcker’s successful fight against inflation and the successful promotion of the ideology of greed by the right (with the timely fall of the Berlin Wall providing an additional boost by discrediting the other extreme of the ideological spectrum). The great middle classes created by the keynesian policies of the New Deal have now been exploited for the past 30 years, and they are depleted. The economy will need to find another, more real, way to grow and prosper.
Reign of Terror in Northern Negros, Farmer-Activist Tortured, Slain | Bulatlat
Thursday, October 25th, 2007
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Reign of Terror in Northern Negros, Farmer-Activist Tortured, Slain | Bulatlat
The family and kin of farmer Alano Clerigo, 34, demand justice for his killing. They blamed his military captors for his abduction-torture-murder. Alano Clerigo was a member of a local farmers’ organization affiliated with the Kilusang Mambubukid ng Pilipinas (KMP or Peasant Movement of the Philippines) Warlito Clerigo, brother of Alano, believed that the Citizen Armed Forces Geographjical Unit (CAFGU) and the military were responsible for the torture and killing of his brother.
Scoop: Amnesty International welcomes Zaoui decision
Thursday, September 13th, 2007
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Scoop: Amnesty International welcomes Zaoui decision
Amnesty International has welcomed the decision announced today by the Director of Security to withdraw the security risk certificate against Algerian refugee Ahmed Zaoui, saying that it makes clear that a substantial threat to New Zealand’s security must exist before the human right to asylum from persecution is ignored.
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