Are Wall Street traders psychopaths?

March 16, 2012
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One has to be pleased that Time magazine even considers the question. Their answer can be found here. Also worth reading is the article that got them thinking about this, the insider’s account of what it’s like to work for Goldman Sachs.

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The corporate titans take on the Internet (by Peter Frase)

March 16, 2012
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The fight over copyright is not a struggle between capital and labour, but one between different factions of capital. New York, NY – American politics is riven by an increasingly contentious debate over the status of intellectual property, especially copyright. On one side are those who argue that tougher enforcement of IP is desperately needed to protect the rights of creators, promote innovation, preserve jobs, and ensure economic growth. Opposing them are those who argue that the draconian enforcement of intellectual property rights will only curtail free speech and stifle economic activity, while entrenching the profits of a small class of…

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Media failures in the Iran war debate

March 16, 2012
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Has the American media informed or mislead the public on the debate about whether or not the US should initiate or support an attack on Iran? In this article, originally published in Foreign Policy, Stephen Walt, Professor of International Affairs at Harvard’s Kennedy School of Government, provides a helpful list of the top ten media failures on this issue. He also participated in this related discussion on an NPR radio program.   .  

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The Kony controversy

March 16, 2012
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In the middle of the two or three-day period in which the Kony 2012 went viral, a note was posted on this blog linking to the video and recommending support for the campaign to arrest Kony. The world is now witnessing a viral explosion of criticism of the Kony 2012 video, which also deserves some comment. Aljazeera has devoted a section of its website to what it calls the “Kony Debate,” though it is less a debate than it is a collection of complaints against the film. Nonetheless, it is probably the single best source of information for understanding the criticisms…

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A Call Against Arms (Aljazeera report on Jeju naval base)

March 13, 2012
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In a tiny village on a small island off the coast of South Korea an entire community is taking on the might of the South Korean navy and government to contest the construction of one of the region’s largest naval bases.  The village of Gangjeong on the island of Jeju has fewer than 2,000 inhabitants but it has become the epicentre of growing discontent over one of the world’s biggest arms races. The South Korean government is adamant that the Gangjeong naval base, which it began constructing in 2007, will strengthen national security. But those opposed to it fear that…

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The Purpose of Purpose (Lecture by Richard Dawkins)

March 13, 2012
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In “The Purpose of Purpose” lecture Richard Dawkins tells an anecdote of Peter Atkins being asked by a member of the Royal Family, “But what about the ‘why question?'” and Atkins replying, “That is a silly question”. Dawkins notes that asking why for inanimate objects like air or rocks is almost always considered inappropriate. But asking why for living organisms was often done in the past. He mentions a number of amusing examples, such as claims that domestic animals provide a means to keep their meat fresh until we have need to eat them, lice were a strong incentive to personal cleanliness,…

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Speaking out on climate change (TED lecture by James Hansen)

March 11, 2012
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Another lecture that really should be required viewing for everyone. James Hansen, head of the NASA Goddard Institute for Space Studies, is a credible expert on climate change and global warming. In this lecture he describes some of the main features of the climate change taking place today and gives a good sense of just how much time is left before we reach the point of no return. Most amazing is the fact that Hansen firmly believes that the greatest challenge facing human civilization has a simple and elegant solution, which is for governments to collect a gradually rising carbon…

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What Are Iran’s Intentions? (by Noam Chomsky)

March 9, 2012
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Published on Saturday, March 3, 2012 by The New York Times Syndicate. Written by Noam Chomsky. The January/February issue of Foreign Affairs featured the article “Time to Attack Iran: Why a Strike Is the Least Bad Option,” by Matthew Kroenig, along with commentary about other ways to contain the Iranian threat. The media resound with warnings about a likely Israeli attack on Iran while the U.S. hesitates, keeping open the option of aggression—thus again routinely violating the U.N. Charter, the foundation of international law. As tensions escalate, eerie echoes of the run-up to the wars in Afghanistan and Iraq are in the…

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Was bailout the only option?

March 9, 2012
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Apparently not, as Iceland proves to be very successful with its 110 percent rule.  Due to this rule, Icelandic households were forgiven of debt exceeding 110 percent of home values. On top of that, a Supreme Court ruling in June 2010 found loans indexed to foreign currencies were illegal, meaning households no longer needed to cover krona losses. The decision to reject foreign debt deals, causing harsh criticism from abroad, seems to have paid off. Here are some quotes from a Bloomberg article on this matter written by Omar R. Valdimarsson: “You could safely say that Iceland holds the world record in household debt relief,” said Lars…

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KONY 2012

March 7, 2012
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KONY 2012 is a short, powerful, and highly controversial film allegedly made to draw attention to the heinous crimes of Joseph Kony and to mobilize people around the world to do what they can to help bring this monster of a human to justice. For a brief moment, the film became an internet sensation and catapulted its director, Jason Russell to fame, until articles like this one from Adam Branch surfaced, accusing Russell of dangerous ignorance and turning his fame into global notoriety.   

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Coronary Capitalism (by Kenneth Rogoff)

March 7, 2012
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FRANKFURT – A systematic and broad failure of regulation is the elephant in the room when it comes to reforming today’s Western capitalism. Yes, much has been said about the unhealthy political-regulatory-financial dynamic that led to the global economy’s heart attack in 2008 (initiating what Carmen Reinhart and I call “The Second Great Contraction”). But is the problem unique to the financial industry, or does it exemplify a deeper flaw in Western capitalism? Consider the food industry, particularly its sometimes-malign influence on nutrition and health. Obesity rates are soaring around the entire world, though, among large countries, the problem is perhaps…

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Cancer rates rising

March 7, 2012
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Many people wonder whether cancer rates are really rising and, if so, whether this is due to an actual increase in the incidence of cancer or whether it is due rather to an increase in the availability and efficiency of methods for detecting cancer. According to this article from the BBC, commenting on data recently released by Cancer Research UK, there has definitely been an increase in cancer rates in the UK that go beyond what could be explained by better methods of detection. The CRUK says that the increase is due, not only to better screening, but also to…

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Chemical castration for pedophiles?

March 7, 2012
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According to this BBC news article, Moldova’s parliament has just voted to make chemical castration compulsory for those convicted of sexually abusing children under the age of 15 as well as for the perpetrators of certain cases of adult rape. The law was passed in part because Moldova has become  an international sex tourist destination and has experienced an increase in the number of cases of pedophilia. This is clearly a controversial law. While pedophiles and rapists certainly violate the rights of their victims, does that justify stripping them of their right to their own physical integrity? Amnesty International has…

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The Israel Lobby Swims The Atlantic (by Grant Smith)

March 6, 2012
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Jeffrey Goldberg’s current cover story in The Atlantic, “The Point of No Return,”achieved massive distribution across a broad spectrum of old and new media in the United States. Some observers – including Glenn Greenwald in “How Propagandists Function” – noted how well the methodology and message of Goldberg’s piece serves the Israeli government’s efforts to push U.S. military action against Iran. Gareth Porter views it as part of an overarching strategy to keep the U.S. from restoring productive relations with Iran. A huge trove of newly declassified documentssubpoenaed during a Senate investigation reveals how Israel’s lobby pitched, promoted, and paid to have content placed…

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Free Market Health Care: True Stories (by Michael Parenti)

March 6, 2012
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I recently wrote an article about my personal experiences in dealing with the medical system while undergoing surgery (“Free Market Medicine: A Personal Account”). In response, a number of readers sent me accounts of their own experiences trying to get well in America.  Health care in this country is hailed by conservative boosters as “the best medical system in the world.” It certainly is the most expensive, most profitable, and most complicated system in the world, leaving millions of Americans in shock. None of the people who wrote to me had anything positive to say about the U.S. health system.…

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A Universe from Nothing (Lecture by Lawrence Krauss)

March 1, 2012
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In this lecture “A Universe from Nothing”, Lawrence Krauss, a good friend of Richard Dawkins and  author of many best-selling books on physics and cosmology, discusses the question of “How the universe could have formed from nothing.” Krauss explains the latest scientific knowledge about the origins and future of our universe in a manner that anyone can understand, and he provides powerful answers to the questions theists usually raise in cosmological discussions.   

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The Earth is Full (TED lecture by Paul Gilding)

March 1, 2012
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This TED lecture by Paul Gilding should be translated into just about every language in the world and made available to the widest possible audience. It’s a frank discussion that needs to be had about our unsustainable economy and the inevitable crisis that human civilization faces.  It also cuts to the core of what this blog, The Examined Life, is all about. The message that Gilding presents is indeed dark, but he’s not a pessimist. In fact he thinks that the human species is remarkably creative and capable of adapting to life on an overcrowded planet. Like Al Gore in one…

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Power, knowledge and the universities (by Tarak Barkawi)

March 1, 2012
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Tarak Barkawi, associate professor in the Department of Politics, New School for Social Research recently published an article named “Power, knowledge and the universities” which appeared on Al Jazeera. He presents a number of conclusive examples to highlight contemporary problems with the intertwines of governmental, public and esp. corporate influences and interests in university education. Some representative quotes of the full article will be highlighted in the following: Institutions concerned with producing knowledge, whether universities, publishing houses, news media, think tanks, and so on, require power to do their work. They need money, of course, but also a legal and…

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Higher social status is correlated with lower ethical behavior

February 29, 2012
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It may be true that cheats don’t prosper, but it seems equally true that those who are prosperous cheat. And this is not just an impression: there is now scientific evidence to back it up. The Los Angeles Times has a very interesting article on recent researching demonstrating that people with a high social status are less ethical than others in their daily behavior. According to the article,  People driving expensive cars were more likely than other motorists to cut off drivers and pedestrians at a four-way-stop intersection in the San Francisco Bay Area, UC Berkeley researchers observed. Those findings led to…

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Too big to jail (by Simon Johnson)

February 28, 2012
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Simon Johnson, former chief economist of the IMF, and co-founder of a leading economics blog, BaselineScenario, a professor at MIT Sloan, and senior fellow at the Peterson Institute for International Economics published recently published “Too big to jail” on project-syndicate. Though I highly recommend to read the whole article, the first paragraph sums it up quite nicely: Among the fundamental principles of any functioning justice system is the following: Don’t lie to a judge or falsify documents submitted to a court, or you will go to jail. Breaking an oath to tell the truth is perjury, and lying in official documents…

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