Germany is the world’s #2 exporter, very close behind China. In 2010 it exported a total of 960 billion euro, amounting to 42% of its GDP. Its trade surplus came to 153 billion euro, almost 7% of GDP. Impressive stuff, no doubt, and an achievement that Germans are justly proud of.
But, not all surpluses are created equal… 35 billion of that surplus, a whopping 23%, was accounted by just four countries: Italy, Spain, Greece and Portugal. Yes, to a very large extent the PIGSs’ munching at the trough was what kept Germans working in their factories. And if you just add France, another country that is currently screeching towards the borderline of fiscal probity – at least according to financial markets – the numbers get even more interesting. Germany’s PIGS+F trade surplus jumps to 64 billion, a full 42% of Germany’s entire trade surplus. In GDP terms (trade surplus is GDP-additive), PIGS+F surplus accounts for nearly 3% of Germany’s economy.
Category: Politics
Don Norman: Google doesn’t get people, it sells them
“What is Google? What do they sell?” asks Don Norman, the author of The Design of Everyday Things and a demigod of the design world.
It’s a question that gets asked a lot, especially as the company’s power and products continue to expand. In a talk on Friday at the dConstruct conference in Brighton, England, he pointed out that –despite the complexity of the organization — the answer usually looks pretty simple.
“They have lots of people, lots of servers, they have Android, they have Google Docs, they just bought Motorola. Most people would say ‘we’re the users, and the product is advertising’,” he said. “But in fact the advertisers are the users and you are the product.”
Then he went further. “They say their goal is to gather all the knowledge in the world in one place, but really their goal is to gather all of the people in the world and sell them.”
“Can Intervention Work?” by Rory Stewart and Gerald Knaus Can Intervention Work?
Rory Stewart and Gerald Knaus; Review by Seth Jones:
In his classic “Twenty-Seven Articles,” published in the Arab Bulletin in August 1917, the renowned British Army officer T.E. Lawrence advised beginners to use prudence when working with Arab armies. “Do not try to do too much with your own hands,” he warned. “Better the Arabs do it tolerably than that you do it perfectly. It is their war, and you are to help them, not to win it for them.”
It was sage advice from a seasoned warrior who traipsed around the Middle East wearing local garb, speaking several Arab dialects and living with Arab irregulars during their struggle against the Ottoman Empire. Since that time, the United States and Europe have engaged in dozens of interventions across the globe, from occupied Germany after World War II to the soft, limestone cave complexes of Afghanistan after 9/11. In some cases, as in Germany and Bosnia, these interventions have achieved impressive results. But in others, as in Somalia in the early 1990s, they have gone gravely awry.
Kinky for Perry
Rick Perry has never lost an election; I’ve never won one. Maybe that’s what’s wrong with the world. On the other hand, I’ve long been friends with Bill Clinton and George W., and Rick Perry and I, though at times bitter adversaries, have remained friends as well. It’s not always easy to maintain friendships with politicians. To paraphrase Charles Lamb, you have to work at it like some men toil after virtue.
I have been quoted as saying that when I die, I am to be cremated, and the ashes are to be thrown in Rick Perry’s hair. Yet, simply put, Rick Perry and I are incapable of resisting each other’s charm. He is not only a good sport, he is a good, kindhearted man, and he once sat in on drums with ZZ Top. A guy like that can’t be all bad. When I ran for governor of Texas as an independent in 2006, the Crips and the Bloods ganged up on me. When I lost, I drove off in a 1937 Snit, refusing to concede to Perry. Three days later Rick called to give me a gracious little pep talk, effectively talking me down from jumping off the bridge of my nose. Very few others were calling at that time, by the way. Such is the nature of winning and losing and politicians and life. You might call what Rick did an act of random kindness. Yet in my mind it made him more than a politician, more than a musician; it made him a mensch.
I snapped this K for governor bumper sticker a few years ago. It appears that the worm is turning on Obama….
SPIEGEL Interview with Mikhail Gorbachev
Obama outpaces fundraising activity of predecessors
President Obama has headlined 127 fundraising events for himself and others, significantly outpacing the fundraising activity of the previous five presidents during their first terms, new research obtained by USA TODAY shows.
By comparison, President George W. Bush had held 88 fundraisers and President Clinton, 76, at this point in their first terms, according to data compiled by Brendan Doherty, an assistant professor of politicial science at the U.S. Naval Academy in Annapolis, Md. Doherty, who also studies presidential activity with the non-partisan White House Transition Project, examined fundraising going back to President Carter.
The upswing reflects the soaring costs of campaigns and politicians’ abandonment of the presidential public-financing system that limits what candidates can raise from private sources in exchange for receiving taxpayer money, Doherty and other experts say.
“We have entered the era of the permanent campaign,” said Anthony Corrado, a campaign-finance expert at Colby College in Waterville, Maine. “This is a reflection … of the enormous sums that are anticipated for the election.”
Taibbi, the SEC & Wall Street
A whistleblower claims that over the past two decades, the agency has destroyed records of thousands of investigations, whitewashing the files of some of the nation’s worst financial criminals.
Imagine a world in which a man who is repeatedly investigated for a string of serious crimes, but never prosecuted, has his slate wiped clean every time the cops fail to make a case. No more Lifetime channel specials where the murderer is unveiled after police stumble upon past intrigues in some old file – “Hey, chief, didja know this guy had two wives die falling down the stairs?” No more burglary sprees cracked when some sharp cop sees the same name pop up in one too many witness statements. This is a different world, one far friendlier to lawbreakers, where even the suspicion of wrongdoing gets wiped from the record.
That, it now appears, is exactly how the Securities and Exchange Commission has been treating the Wall Street criminals who cratered the global economy a few years back. For the past two decades, according to a whistle-blower at the SEC who recently came forward to Congress, the agency has been systematically destroying records of its preliminary investigations once they are closed. By whitewashing the files of some of the nation’s worst financial criminals, the SEC has kept an entire generation of federal investigators in the dark about past inquiries into insider trading, fraud and market manipulation against companies like Goldman Sachs, Deutsche Bank and AIG. With a few strokes of the keyboard, the evidence gathered during thousands of investigations – “18,000 … including Madoff,” as one high-ranking SEC official put it during a panicked meeting about the destruction – has apparently disappeared forever into the wormhole of history.Under a deal the SEC worked out with the National Archives and Records Administration, all of the agency’s records – “including case files relating to preliminary investigations” – are supposed to be maintained for at least 25 years. But the SEC, using history-altering practices that for once actually deserve the overused and usually hysterical term “Orwellian,” devised an elaborate and possibly illegal system under which staffers were directed to dispose of the documents from any preliminary inquiry that did not receive approval from senior staff to become a full-blown, formal investigation. Amazingly, the wholesale destruction of the cases – known as MUIs, or “Matters Under Inquiry” – was not something done on the sly, in secret. The enforcement division of the SEC even spelled out the procedure in writing, on the commission’s internal website. “After you have closed a MUI that has not become an investigation,” the site advised staffers, “you should dispose of any documents obtained in connection with the MUI.”
Many of the destroyed files involved companies and individuals who would later play prominent roles in the economic meltdown of 2008. Two MUIs involving con artist Bernie Madoff vanished. So did a 2002 inquiry into financial fraud at Lehman Brothers, as well as a 2005 case of insider trading at the same soon-to-be-bankrupt bank. A 2009 preliminary investigation of insider trading by Goldman Sachs was deleted, along with records for at least three cases involving the infamous hedge fund SAC Capital.
Epic Founder Judy Faulkner Named to US Government Health Information Technology Policy Committee
A federal committee that includes a major donor to President Obama and whose company stands to profit from the panel’s recommendations holds in its hands the future of health information technology policy.
Judith Faulkner, founder and CEO of Epic Systems Corp., secured a seat on a panel charged with recommending how $19 billion in stimulus money dedicated to health IT be spent, despite opposing a key administration position on the issue.
Faulkner and her company oppose the president’s vision for health IT, but Epic employees are massive Democratic donors. They’ve given nearly $300,000 to Democrats since 2006, according to the Center for Responsive Politics.
That may help explain both Faulkner’s appointment to the 13-member Health Information Technology Policy Committee as a representative for health IT vendors, and the accolades her company regularly enjoys from prominent Democrats.
The Federal Government should not be subsidizing Health Care Information Technology with our tax dollars. Organizations should choose automation services that make sense, for them, not for tax reasons….
China’s Banned Churches Defy Regime
On a recent Sunday at the Beijing Zion Church, Pastor Jin Mingri laid out a vision for Christians in China that contrasts starkly with the ruling Communist Party’s tight reins on religion.
“Let your descendants become great politicians like Joseph and Daniel,” said Mr. Jin, referring to the Old Testament figures who surmounted challenges to become political leaders. “Let them influence the future course of this country,” the pastor said in one of several sermons to his 800-member church.
Mr. Jin is one of a growing group of Protestant leaders challenging China’s state-run religious system, in an escalating struggle largely unnoticed by the outside world. For the first time, China’s illegal underground churches, whose members are estimated in the tens of millions, are mounting a unified and increasingly organized push for legal recognition.
Being the Last Tourist in Syria
Is this your first visit to Syria, the passport-control man asks me. No, I tell him, I came here once before over a decade ago. He stamps my passport. I had been very lucky to get a Syrian visa this time. The travel advice was not to visit. The Syrian regime is very wary of foreigners, fearing that journalists and spies are inflaming the situation further. I collect my bag and walk through customs, passing a poster, of modest size, of President Bashar al-Assad with the words in Arabic proclaiming: “Leader of the youth, hope of the youth.”
I jump in a taxi. I ask the driver how are things in Syria. Things are fine, he assures me. There has been some trouble around the country, but things are OK in Damascus. As we drive, we chat. He points out the area where Druze live. With his hand, he waves in another direction to where Palestinian refugees live, and then again to where Iraqi refugees live. Alawites are over there and in villages. Christians this way and in villages. Sunnis are around 65 percent of the population. Kurds live in the north. Many different peoples live in Syria. I ask him how he knows who someone is or whether they are Sunni or Shiite. He tells me that he does not know and it does not interest him to know: There is no sectarianism here in Syria. We pass Damascus University. Outside there are lots of flags and pictures of Assad and his deceased father. Across the city, the Syrian flag is flying strong and photos of the president are omnipresent. As I ride through al-Umawiyeen Square, I see lots of young men and women gathering, holding Syrian flags. It is not a demonstration, a Syrian tells me; it is a celebration — a celebration of the regime. Later, I watch the event on television. It has made the international news. Tens of thousands of Syrians have come out to al-Umawiyeen Square to show their support for President Bashar al-Assad in a lively celebration that includes pop singers and fireworks.