Re: Germany

2003-03-06 Thread Chris Burford
Eichel's claim rings true. Does anyone know the current figure for the 
transfer to the Neue Laender (former GDR) each year? I think I recall 
hearing ten years after the fall of the wall that it was continuing at the 
incredible rate of 150 milliarden (billions) of marks a year, or was it 
three years? Or did I get the figures wrong?

Essentially the enforced currency unification under Kohl's populist 
demagogy was a disaster, abruptly destroying a whole swathe of productive 
forces, and leaving the east on charity handouts. The instructive 
comparison is with the Czech Republic, which of course kept its own 
currency without a destruction of large sections of relatively advanced 
productive capacity, at the price of accepting an inequality of wages 
compared to its richer western neighbours. That gave the possibility of 
smoother change.

But does anyone know of any recent economic comparison?

The massive bailout of East Germany also brought to an end the EU dynamic 
of the 80's that Germany was able to continue to be a centre of capital 
accumulation and subsidise a large portion of the regional development 
subsidies to the outlying areas of the EU. Perhaps it could not have gone 
on forever but is seemed to work for the EU in the 80's.

Chris Burford
London


At 2003-03-05 19:45 -0800, you wrote:
Germany: a powerhouse in crisis

Larry Elliott and John Hooper
Thursday March 6, 2003
The Guardian
Germany continues to pay a high economic price for reunification and it will
take an entire generation to solve the problems of the former communist
eastern states, the country's finance minister, Hans Eichel, says today.
In an interview with the Guardian, Mr Eichel says that Germany is a very
competitive economy which is at no risk of following Japan into long-term
decline. But he claims that 13 years after joining the ramshackle economy 
of the
German Democratic Republic with West Germany the legacy of 
de-industrialisation
and high unemployment remains.

Figures out today are likely to show unemployment in Germany rising towards 5
million. Mr Eichel says reunification was in effect a programme for the
de-industrialisation of eastern Germany and it led to very high unemployment,
which it will take an entire generation to remedy.
Unemployment has added 1.5% of GDP to Germany's social security bill and 
led to
increased borrowing, he says.

With the European Central Bank likely to cut interest rates for the eurozone
today, Mr Eichel rejects the idea that Germany's problems would be eased if it
was able to set its own rates.
He also defends the EU's stability and growth pact, despite the pressure 
on the
German government to keep its budget deficit below the 3% of GDP set by
Brussels. He adds that if growth is lower than 1% this year, as many 
forecasters
expect, he will allow borrowing to rise above the ceiling.



Harpers on sanctions as a weapon of mass destruction

2003-03-06 Thread soula avramidis

FYI, a thorough article on sanctions by Joy Gordan, appearing in Harper's Magazine.
http://www.harpers.org/online/cool_war/Do you Yahoo!?
Yahoo! Tax Center - forms, calculators, tips, and more

The terrorist rating game

2003-03-06 Thread k hanly
http://www.suntimes.com/output/pickett/cst-nws-pickett04.html

Chicago Sun Times   March 4, 2003

'Terror boss' moves up ladder as U.S. sees fit

By Debra Pickett Sun-Times columnist

A month after the Sept. 11 attacks, President Bush released a list of the
world's most-wanted terrorists. There were 22 names on it. Khalid Shaikh
Mohammed was No. 22.

And the list wasn't alphabetical.

But, sometime between then and early Saturday morning, when Mohammed was
captured in Pakistan, the U.S. government identified Mohammed as the
mastermind behind the al-Qaida plot.

Osama bin Laden, we're now told, is pretty much a figurehead: It's Mohammed
who made things happen. Over the past 2-1/2 years, he's climbed from last
place to a photo finish for No. 1 on the most-wanted list.

The cynical view on this is that Mohammed is still the relatively small fish
we were first told he was, but the news of his arrest is being hyped because
the Bush administration needs a victory in the war on terrorism before going
to war in Iraq.

The merely skeptical view is that we are clueless about how al-Qaida really
works.

When Mohammed's name first made international news, he was described as an
accomplice to Ramzi Yousef, the convicted mastermind behind the first World
Trade Center bombing, in 1993. In retrospect, that might have been
Mohammed's stint in the terrorist-mastermind internship program.

In the first intelligence reports following the 2001 attacks, Mohammed was
named as an al-Qaida operative, a couple of levels down the organizational
chart from bin Laden's top deputy, Egyptian doctor Ayman Zawahiri, al-Qaida
military commander Mohammed Atef and security chief Saif al-Adil. Those were
the big fish.

Mohammed's name came up again when officials began to speculate about how
al-Qaida might be reorganizing in the wake of the U.S.-led war in
Afghanistan. With bin Laden apparently on the run, and periodically presumed
to be dead, it seemed to make sense that an operational guy, with a lower
profile, might step in to run things. Mohammed seemed to be that guy. He was
described as al-Qaida's engineer, a nerdy, uncharismatic sort, a middle
manager who'd probably never get the key to the executive washroom, no
matter how much he sucked up to the boss.

Then, in the summer of 2002, things started to change.

News reports quoted U.S. officials as saying that Mohammed was like the
Forrest Gump of al-Qaida. His name and fingerprints seemed to be
everywhere. He'd been involved in all of al-Qaida's major attacks. But no
one had noticed. The class nerd has a way of fading into the background.

Around the same time, the government started to release intelligence
information it had gathered from various sources, which, we all
understood, included alleged al-Qaida members being held at Guantanamo Bay
and other, undisclosed, locations. Abu Zubeida, who was described as a top
bin Laden lieutenant when he was captured in Pakistan last year, is widely
assumed to be one of those sources. He's apparently the first person to have
told U.S. officials that Mohammed was the mastermind behind the Sept. 11
attacks.

Here in Illinois, we've learned a little something about the reliability of
jailhouse witnesses. It's not clear that U.S. intelligence officers have
come to the same understanding. Soon after their first interrogations of
Zubeida, the government offered a $25 million reward for Mohammed's capture.


Forrest Gump had become an official terrorist mastermind.

For the first time in his long al-Qaida career, he appeared on al-Jazeera
TV, the CNN of the Arab world. His bosses were nowhere to be found. Mohammed
had replaced bin Laden as the face of al-Qaida. He'd also replaced the Rev.
Jesse Jackson as the world's most famous North Carolina Agricultural 
Technical State University alumnus.

Mohammed's star fell, briefly, when a raid in Karachi, Pakistan, last
September netted Ramzi bin al-Shibh. When we captured him, President Bush
announced that bin al-Shibh was one of the chief planners and organizers
of the Sept. 11 attacks. Then, like Zubeida before him, this alleged big
shot apparently told intelligence officers that no, he wasn't very important
within al-Qaida; it was really Mohammed they wanted.

Now, we have him. But no one seems to be breathing any great sighs of
relief. We don't feel any safer. We're just waiting for the next revision to
the most-wanted list.

It seems that every time we capture one of these guys, we insist that he's
the one we wanted all along. Then, he points a finger at Khalid Shaikh
Mohammed. So you have to wonder who Mohammed himself will blame.

A cynic might guess that he'd modestly decline to take credit and, instead,
tell us, finally, who was truly responsible for the Sept. 11 attacks:

Saddam Hussein.

E-mail: [EMAIL PROTECTED]








Go... Read... NOW! Rowley letter to FBI Director

2003-03-06 Thread Tom Walker
Rowley letter to FBI Director

http://www.startribune.com/stories/484/3738192.html

Tom Walker
604 255 4812



the political ecology of megaprojects

2003-03-06 Thread Ian Murray
[free chapter to boot!]

http://books.cambridge.org/0521009464.htm


Megaprojects and Risk
An Anatomy of Ambition
Bent Flyvbjerg, Nils Bruzelius, Werner Rothengatter

Megaprojects and Risk provides the first detailed examination of the phenomenon of 
megaprojects. It is a
fascinating account of how the promoters of multi-billion dollar megaprojects 
systematically and
self-servingly misinform parliaments, the public and the media in order to get 
projects approved and
built. It shows, in unusual depth, how the formula for approval is an unhealthy 
cocktail of
underestimated costs, overestimated revenues, undervalued environmental impacts and 
overvalued economic
development effects. This results in projects that are extremely risky, but where the 
risk is concealed
from MPs, taxpayers and investors. The authors not only explore the problems but also 
suggest practical
solutions drawing on theory, experience and hard, scientific evidence from the several 
hundred projects
in twenty nations and five continents that illustrate the book. Accessibly written, it 
will be the
standard reference for students, scholars, planners, economists, auditors, politicians 
and interested
citizens for many years to come.



attacking Dubya's trade policy

2003-03-06 Thread Ian Murray
Administration attacked for failing to file WTO case
Associated Press
Published March 6, 2003

WASHINGTON, D.C. -- Two key senators on trade issues attacked the Bush administration 
Wednesday for not
bringing a case against Europe's ban on imports of genetically modified food, saying 
the decision was
costing farmers millions of dollars in lost sales of corn, soybeans and other crops.

Senate Finance Committee Chairman Charles Grassley, R-Iowa, and Sen. Max Baucus of 
Montana, the
committee's top Democrat, told U.S. Trade Representative Robert Zoellick that they 
could not understand
the administration's delay in bringing a case before the World Trade Organization 
given the economic pain
for farmers.

Saying he was profoundly disappointed in the delay, Grassley said the E.U.'s 
four-year moratorium on
imports of genetically modified food was costing U.S. farmers $300 million annually in 
lost sales and
hurting companies that had spent the money to develop the genetically modified crops, 
which have been
used extensively in the United States to grow more disease-resistant corn, soybeans 
and other crops.

E.U. policies also create a chilling effect on the approval and sale of biotech 
products around the
world, especially in developing countries that fear that if they start using biotech 
crops, they'll lose
the ability to sell in the European market, Grassley said.

He said the decision of countries in Africa not to use genetically modified seed that 
has been proven to
boost crop yields dramatically was contributing to the starvation of tens of thousands 
of people on that
continent, a fact that he said doesn't seem to matter to anyone in Europe.

While Zoellick in January called the E.U. ban immoral for the same reason that it 
was influencing
African countries to the detriment of their citizens, the administration has delayed 
for weeks a
Cabinet-level meeting where Zoellick had expected to receive the go-ahead for filing a 
case.



tax breaks

2003-03-06 Thread Ian Murray
[tackle box producers of the world, unite!]

Military Tax Bill Pulled
By Juliet Eilperin
Washington Post Staff Writer
Thursday, March 6, 2003; 4:53 PM


House GOP leaders abruptly pulled a tax bill for military personnel from
the floor today after fellow Republicans objected to a handful of
parochial tax breaks the Ways and Means Committee had added to the
measure.

The bill was originally designed to give several tax breaks to members of
the armed services, including reservists called to duty. House Democrats
cried foul last week when several committee Republicans inserted other tax
provisions that would benefit a few U.S. companies and trade associations.

Republican House leaders had hoped to win passage of the bill today, but
abandoned the effort when several GOP members balked.

This bill over the period of the past couple of days got heavier and
heavier, House Majority Leader Tom DeLay (R-Tex.) told reporters as he
left the House chamber. We always want to make sure our members feel
comfortable with bills that come to the floor.

About two weeks ago, Ways and Means Committee Chairman Bill Thomas
(R-Calif.) told Republican and Democratic members they could use the $482
million tax bill as a vehicle to add other tax provisions that had failed
in previous efforts. Several Republicans responded with targeted items,
including a repeal of the excise tax on fishing tackle boxes, a
simplification of the excise tax on bows and arrows, and elimination of
taxes imposed on foreigners who bet on U.S. horse races.

House Minority Leader Steny Hoyer (D-Md.) said Republicans bore the blame
for temporarily blocking the bill's progress.

It's a darn shame that we got a partisan dispute that sent a message to
our men and women in the service overseas that we couldn't get our act
together because they larded up this bill with controversial provisions,
Hoyer said in an interview.



3 vetos?

2003-03-06 Thread Chris Burford
China's position hardened in what could just become a defining moment in 
post cold war world politics. The possibility of 3 vetos against the US-UK 
push to war.

BBC:

China's foreign minister, speaking before leaving for the UN on Thursday, 
said: We think it is not necessary to introduce any new resolution.
..

Russia has repeatedly said it might use its veto.

But French Defence Minister Michele Alliot-Marie said on Thursday that the 
use of the veto wasn't an issue because the majority of council members 
supported France's position.

The BBC's Francis Markus in Shanghai says China's pragmatic instincts make 
it reluctant to jeopardise an improving relationship with Washington by 
using its veto against a war it knows might well go ahead anyway.


But the BBC report added that China might decide merely to abstain might 
leave it looking isolated.

That would be a new dynamic. And China can be decisive as when it captured 
the US spy plane.

Such a vote would leave an unforgettable polarisation - an open coalition 
determined to punish the USA for its hegemonic hubris, and waiting for the 
opportunity.

Tonight the BBC1 commentator talking from the United Nations was unable to 
relay any optimistic message given to him by UK government 
representatives.. Straw has the hardest sell of his life. He has come 
trying to interest people in the an amendement to Britain's own resolution. 
The Russian ambassador dismissed it curtly as not serious. Instructively 
one of the smaller nations was quoted with an ingenious formula for 
escaping from all the arm twisting and bribery: they did not see why they 
should have to resolve the differences between the great powers on the planet.

And although Blair maintained that he still thought there would be a second 
resolution, he undermined his position on MTV by admitting that he would be 
prepared to defy more than one veto.

The BBC commentator outside the UN said It is looking pretty desperate for 
Tony Blair

Chris Burford
London



law and economics redux

2003-03-06 Thread Ian Murray
No case for Iraq attack say lawyers

Michael White and Patrick Wintour
Friday March 7, 2003
The Guardian

Tony Blair last night faced fresh pressure to abandon the threat of war
against Iraq when 16 eminent academic lawyers warned him that the White
House doctrine of pre-emptive self-defence has no justification under
international law.

Not only do all the UN security council's existing resolutions on Iraq -
including 1441 passed unanimously in November to enforce disarmament on
Saddam Hussein - fail to provide such authority, there are currently no
grounds for passing a new one to give the clearly expressed assent to a
war that Mr Blair still seeks, the lawyers declare.

In a letter sent to Downing Street and published in today's Guardian, the
signatories - specialists who include James Crawford, Whewell Professor of
International Law at Cambridge, and Vaughan Lowe, Chichele Professor at
Oxford - also take a sideswipe at the prime minister for saying that he
and President Bush would ignore an unreasonable veto in the security
council.

Noting that Britain itself has exercised the veto 32 times since the UN
was founded in 1945, the 16 say the prime minister's assertion that in
certain circumstances a veto becomes 'unreasonable' and may be disregarded
has no basis in international law either.

The 16 do leave themselves some wriggle room by pronouncing their verdict
on the basis of information publicly available so that a major
disclosure of Iraqi non-compliance with the UN weapons inspection - or
other subterfuge - might change their stance. But US-UK dossiers have so
far failed to persuade wary voters.

Not content with telling Mr Blair that a second resolution is legally
necessary as well as politically vital if Downing Street is to stem
growing dissent among Labour and Liberal Democrat MPs, the lawyers, mostly
British-based but of many nationalities, add a further sting.

A decision to undertake military action in Iraq without proper security
council authorisation will seriously undermine the international rule of
law, they say. Of course, even with that authorisation, serious
questions would remain. A lawful war is not necessarily a just, prudent or
humanitarian war. That amounts to a blanket thumbs-down.

The letter's signatories include six leading international lawyers from
Oxford, three from Cambridge and three from the London School of
Economics. Also among them are Professor Phillipe Sands, a member of
Cherie Blair QC's Matrix chambers who teaches at University College
London, and Professor Pierre-Marie Dupuy of the Sorbonne.

The substance of the letter, however, is certain to be disputed by other
senior lawyers. Some argue that, if 1441 is not deemed strong enough,
resolution 678, passed in 1990, will be deployed by the US and UK to
justify an attack.

Mr Blair, himself a lawyer, again insisted he will only act in a manner
consistent with international law when cross-examined by European young
voters in an MTV TV debate yesterday.

Some senior ministers have been alarmed that legal opinions circulated
within the cabinet challenge the legality of the looming scenario for war,
not least the prospect of a US-led reconstruction of a post-Saddam Iraq.
It would be illegal, Whitehall lawyers say, without direct UN authority.

The warning from legal advisers shown to ministers, including foreign
secretary Jack Straw and Clare Short, the international development
secretary, makes it clear why Britain has been pushing a reluctant US to
bring the UN into running a post-war regime as soon as possible.

Ministers and officials are acutely aware of the problem which has led to
informal talks with UN officials to draft options. But they fear that Mr
Blair is not pressing Washington hard enough.

This adds to pressure to delay military action, now expected in the second
half of March.

In the MTV debate, Mr Blair implicitly acknowledged the problem when he
stressed that Iraqi oil supplies would be placed under UN supervision,
though he pointedly drew attention to Iraq's outstanding debts and
contracts to France and Russia.

Some Blairites say the debts explain the two states' attitude to war.
Equally significantly Mr Blair appeared to admit that either - or both -
could veto the resolution now being redrafted to win wavering security
council resolutions.

If there was a veto applied by one of the countries with a veto, or by
countries that I thought were applying the veto unreasonably, in those
circumstances we would (go ahead), he said. Aides later stressed that Mr
Blair still expects to win the second resolution.

A further sign of planning jitters emerged yesterday from a secret session
at Westminster, where a UN official told the Commons international
development committee that its financial resources for a proper
humanitarian operation in Iraq are totally inadequate.

Ross Mountain, director of UN humanitarian affairs, told MPs that 470,000
tonnes of food were available, with most Iraqis probably 

Enronomics redux

2003-03-06 Thread Ian Murray
Enron scams fill 2,000 pages

Second report from investigator tells of increasingly desperate efforts to
conceal financial disaster

David Teather in New York
Friday March 7, 2003
The Guardian

The scale of the deception at Enron, the bankrupt energy firm, was further
exposed yesterday in a 2,000 page report detailing the increasingly
desperate measures the company used to hide its true financial position.

The second in a series of reports from court-appointed examiner Neal
Batson disclosed that Enron transferred as much as $5bn of assets off
balance sheet through sham transactions as part of the attempt to
manipulate its financial statements. The disclosure sets the stage for a
bitter fight in the bankruptcy court to determine which assets creditors
have a claim over.

With every new examination of activities at Enron, the scale of the
alleged fraud and corruption grows. The latest report from Mr Batson is no
exception.

Andrew Fastow, the former finance chief awaiting trial on fraud charges,
creamed at least $60.6m from arranging transactions designed to prop up
earnings between Enron and its special purpose entities, the report
claims. Previous estimates were that Mr Fastow had pocketed $45m from the
deals.

The report also details the yawning gaps between Enron's reported numbers
and its actual state. In 2000, Enron reported income of $979m, of which 96
per cent was generated from six accounting techniques used by the
company to give the appearance that it was making money.

Enron reported income of $352m from the sale of assets to SPEs, which had
taken loans to pay for the acquisitions - loans that Enron was liable to
repay. Debt that year was reported to be $10.2bn when in reality it was
$22.1bn. Cash flow should have been a negative $154m instead of the
reported $3bn in the black.

Enron so engineered its reported financial position and results of
operations that its financial statements bore little resemblance to its
actual financial condition or performance, Mr Batson says.

He concludes that the Enron estate could seek $74m from former chairman
Kenneth Lay, who borrowed the money and repaid it in company shares in the
months before it fell into bankruptcy. The estate could also go after $55m
in deferred compensation that was handed out as accelerated payment to a
number of senior executives in the weeks before Enron collapsed.

One of the accounting techniques, called mark-to-market, was used
aggressively by Enron. Assets were carried at their fair value, a figure
that can be estimated by management and was used by Enron to accelerate
earnings of new projects which actually were not generating any cash. A
deal with Blockbuster to deliver video on demand never got off the ground
but Enron recorded a gain of $111m from it.

It ultimately used the accounting method on 35 per cent of its assets so
that a mere 5 per cent fluctuation in the value of these assets would
have resulted in a gain or loss of $1.1bn. To mask the fact that the
earnings were not real, the company was forced to come up with schemes
to generate cash flow.

One was a 1999 deal codenamed Project Nahanni. Enron, weeks away from the
year-end, borrowed $500m in treasury securities from Citibank, sold them
immediately and reported the proceeds as operating cash flow. That
represented 41 per cent of the total cash flow from operations recognised
by Enron in 1999. The firm swiftly repaid the loan without it ever showing
up as debt on its financial statement.

Pre-pay transactions were also widely used. Enron would promise delivery
of oil or gas contracts in return for an upfront payment designed,
according to a memo from Mr Fastow, to bring cash forward to match
earnings. Seven such deals were facilitated by JP Morgan Chase and four
by Citibank. A managing director of Citibank affiliate Salomon Smith
Barney allegedly described the technique as giving oomph to earnings.

According to the report, up to $2.1bn in assets had been moved off balance
sheet as part of the SPE deals while another $2.9bn was fraudulently
shifted out of the company shortly before its bankruptcy filing in
December 2001.

A third report from Mr Batson is due in late June.



oooops

2003-03-06 Thread Ian Murray
New York Times]
March 7, 2003
Vivendi Posts Huge Loss; May Shed Assets
By JOHN TAGLIABUE


PARIS, March 6 - Vivendi Universal reported today that it lost more than
$25 billion for 2002, largely as a result of huge write-offs on
investments made in the heady years of the 1990's.

Vivendi's board, meanwhile, gave its chairman, Jean-René Fourtou, the
green light today to explore shedding its American entertainment assets.

Vivendi's loss of 23.3 billion euros - more than expected and nearly
double its loss of 13.6 billion euros a year earlier - was the largest
corporate loss in French history, breaking a record set just Wednesday by
France Télécom, which reported a loss of $23 billion.

Vivendi narrowly escaped a liquidity crisis last year. Today, however, the
company said that it expected to return to profitability, before
exceptional items, by 2003 and reaffirmed its pledge to shed assets worth
7 billion euros this year.

The results were announced after a much-anticipated meeting of the
company's directors. While the entertainment businesses were discussed,
senior managers gave no hints on their future at a news conference today.
Mr. Fourtou said only that Vivendi was examining options for the
entertainment assets, which include Universal's film and music businesses,
its cable channels and television production businesses, and that Vivendi
had been approached by several potential partners.

He said Vivendi's plan to shed assets this year worth 7 billion euros was
a continuation of an effort to reduce the mountain of debt built up by his
predecessor, Jean-Marie Messier, who transformed Vivendi through
acquisitions from a water utility into a media and telecommunications
giant.

Asset sales last year, Mr. Fourtou said, including the sale of the
publisher Houghton Mifflin and most of Vivendi's stake in the water and
waste group Vivendi Environnement, enabled the company to cut its net debt
to 12.3 billion euros by the end of the year, from 37.1 billion euros a
year earlier.

Vivendi's loss reflected good-will charges of 18.4 billion euros and
another charge mirroring the depreciation of portfolio investments
totaling 2.9 billion euros. Excluding one-time items and good will,
Vivendi lost 94 million euros.

Last year, Mr. Fourtou said at a news conference after the board meeting,
was an extremely difficult year, but 2003 promised to be a year of
transition and of financial and economic progress.

On the bright side, Mr. Fourtou said operating profit at Vivendi's six
core business units rose 18 percent, to 3.2 billion euros, last year,
largely because of strong performances at the phone company Cegetel and
Vivendi Universal Entertainment. The company's other core businesses are
the Universal Music Group, Vivendi Universal Games, Maroc Telecom and the
French pay-television company Canal Plus.

Mr. Fourtou had considered selling 51 percent of Canal Plus in an offering
on the Paris bourse this year. But operating losses at Canal Plus totaled
325 million euros last year, down from 374 million euros the year before.
The losses, coupled with the weakness of global stock markets, led him to
abandon the plan.

Though a heavy loss had been expected, Vivendi shares dropped in Paris
trading, closing down 4.3 percent at 12.43 euros; in New York, Vivendi's
American depository receipts fell nearly 5 percent, to $13.56.

Financial authorities in France and the United States are investigating
Vivendi's accounting methods under Mr. Messier after shareholders filed a
lawsuit claiming that they had been misled. Finance police earlier this
week raided the offices of the French bank Société Générale and collected
documents as part of the investigation.

But Vivendi said today that the board had no knowledge of any elements
calling into question earlier accounting methods. It said the 2002
accounts were established according to the same methods used in previous
years.





Fortune article on corporate pensions theft

2003-03-06 Thread Marvin Gandall

The latest issue of Fortune magazine says employees counting on company
pensions to help fund their retirements may be in for a rude awakening when
corporations renege on their commitments and slash pensions benefits by as
much as half.

It reports the pension plans of the largest American corporations no longer
have enough money set aside to pay the more than one trillion dollars in
benefits owing to their current and future retirees. Companies calculate
their future obligations on the basis of actuarial projections of the
revenue they expect their plans bond and equity holdings to generate over
time. But the stock market and interest rate plunge have played havoc with
these projections, and instead of meeting the shortfall   an estimated $240
billion and growing  from profits, as required by law, companies are
slashing benefits and employing creative accounting and auditing techniques
to disguise future liabilities.

The article describes the accounting subterfuges and regulatory changes
which are allowing companies to cut the promised retirement income of US
workers, but, as many of you know, the same pension shortfalls and
management evasions characterize private and public sector plans in all of
the OECD countries, the effects of which are certain to be felt over the
coming decades.

You can access the site directly, or I've posted the article on
www.supportingfacts.com. Apologies for any cross posting.

MG



[no subject]

2003-03-06 Thread Bill Burgess
Hey Tom

I'm teaching Mike Lebowitz's old Marxist economics course at SFU this 
semester. Any chance you would enjoy coming to talk to 40 economics 
students about the world-historic issue of shorter work time on a Tuesday 
or Thursday between 1.30 and 3.30? I can't really offer any benefit other 
than as much beer as you can drink in one sitting and vague notions of karma.

Bill



Re: +

2003-03-06 Thread Bill Burgess
Apologies for mistakenly sending a message to Pen-L, but the result was 
making making contact with others doing courses on Marx, so I don't feel so 
bad.

Bill



Labor strife at Bard College

2003-03-06 Thread Louis Proyect
I've just learned that Gehry's creation at Bard has run into labor 
trouble. Apparently it started 2 days ago as a response to the builder's 
bringing non-union workers to speed up the construction. The completion 
date is sometime in May and a big gala event was planned and the tickets 
were already being sold. This does not surprise me at all. The whole 
point of Gehry's computer-based design methodology is to reduce labor 
costs. I covered this project in:

http://www.columbia.edu/~lnp3/mydocs/culture/gehry.htm

However, I neglected to include an important point that was covered in 
the Baffler Magazine article on Frank Gehry that prompted me to write my 
own piece. Gehry's characteristically melting wax forms are 
facilitated by computer-based design, which are also meant to cut down 
on skilled labor costs. It is the same phenomenon identified in David 
Noble's Forces of Production as adapted to architecture.

--

The Marxism list: www.marxmail.org



Warmongering pigs at Human Rights Watch

2003-03-06 Thread Louis Proyect
Building a better war

As the U.S. marches toward an invasion of Iraq, Human Rights Watch is 
trying to do what critics say is impossible: Wield public opinion to 
create a more humanitarian war.

- - - - - - - - - - - -
By Mary Papenfuss, salon.com
March 6, 2003  |  Human Rights Watch is nothing if not pragmatic.

The New York-based organization, which investigates human rights abuses 
worldwide by traveling to trouble spots to interview victims and 
witnesses, vehemently opposes human rights abuses -- yet also seeks 
dialogue with governments guilty of gross violations, and dictators that 
other human rights groups won't deal with. When total compliance with 
international law is unattainable, HRW battles for degrees of improvement.

So while antiwar activists are pouring into the streets to protest 
America's threatened invasion of Iraq, Human Rights Watch (HRW) has 
taken a proactive role in its own unusual gray area of warfare. Rather 
than trying to block an Iraqi invasion, or even arguing against it, HRW 
has, in effect, been trying to build a better war in Iraq. It's not so 
much supporting the unthinkable, the group insists, as attempting to 
mitigate the damage of what may be inevitable.

To protect its image as a neutral observer and advocate for human 
rights, HRW rarely opposes -- or supports -- war, and hasn't taken a 
stand for or against an American invasion in Iraq. Rather, it's already 
bringing pressure to bear on the U.S. government to wage as good a war 
as possible -- by limiting civilian casualties and suffering. That means 
careful choice of weaponry and targets, and acceptance by the U.S. of 
its responsibility to quickly respond to the humanitarian disaster that 
could be triggered by an invasion -- and to prepare for the horrors 
Saddam Hussein may unleash on his own people in the face of his defeat.

Kenneth Roth, the quietly intense executive director of HRW, spoke to 
Salon recently from his office in Manhattan about building a better war. 
He talked about America's troubling history in Iraq, the risk of 
dangerous alliances with brutal Saddam opponents and the potentially 
catastrophic fallout from an Iraqi war. Roth also discussed HRW's 
productive tension with the antiwar movement. While Human Rights Watch 
has been criticized by some peace groups for its pragmatic approach to 
war, Roth admits his group needs the movement to maintain world focus on 
the plight of Iraqi civilians. He worries, though, that once war breaks 
out, demoralized protesters will abandon their concern for the Iraqi 
people at the moment of greatest need.

Q: How do you build a better war?

A: That question probably strikes most people as odd because many people 
are opposed to any war. Even if you accept that war is sometimes 
necessary, there's no avoiding the fact that war can be devastating, not 
only for the soldiers being shot at, but also for civilians. War does 
have an inherently evil component to it, even if it is sometimes necessary.

What Human Rights Watch and other groups like us try to do is to say: If 
it comes to the point when there is a war, for better or worse, how do 
you make sure that the consequences to civilians are minimized as much 
as possible? We use as our legal framework the Geneva Conventions, which 
do not prohibit war; they regulate war. They accept the fact that in the 
course of a war it's acceptable for one soldier to be shooting at 
another soldier. What they aim to do is to protect as much as possible 
people who are not combatants, either because they are civilians or 
because they are injured combatants or they are captured combatants.

All of these people are protected under the Geneva Conventions, and a 
soldier no longer is privileged by laws of war to shoot these people. 
Instead, a soldier has a duty to protect these people. Human Rights 
Watch sees as our responsibility enforcing these rules. We've tried to 
push warring parties, whether it's the Pentagon or Saddam or anyone, to 
do everything possible to spare civilians the consequences of war.

full: http://www.salon.com/news/feature/2003/03/06/human_rights_watch/

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