The Japanese Government Was Lying Through Its Teeth

Stephan:  Here is the latest in the Fukushima catastrophe. This situation is far from over, and the behavior of the Japanese government and corporate world should be seen as a cautionary case study of what would happen in the U.S.

The peer-reviewed Journal of the Canadian Medical Association – a 144 year-old national association – slammed the Japanese government for lying about Fukushima:

A ‘culture of coverup

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After America

Stephan:  People who watch and think about geopolitics are considering the multipolar world that is emerging, as American Triumphalism passes from history's stage. Don't be deluded. Things are not necessarily going to get easier or more peaceful as a result of this transition, and they are certainly going to be enormously more complicated. Zbigniew Brzezinski, national security advisor under U.S. President Jimmy Carter, is author of the forthcoming book Strategic Vision: America and the Crisis of Global Power.

Not so long ago, a high-ranking Chinese official, who obviously had concluded that America’s decline and China’s rise were both inevitable, noted in a burst of candor to a senior U.S. official: ‘But, please, let America not decline too quickly.’ Although the inevitability of the Chinese leader’s expectation is still far from certain, he was right to be cautious when looking forward to America’s demise.

For if America falters, the world is unlikely to be dominated by a single preeminent successor — not even China. International uncertainty, increased tension among global competitors, and even outright chaos would be far more likely outcomes.

While a sudden, massive crisis of the American system — for instance, another financial crisis — would produce a fast-moving chain reaction leading to global political and economic disorder, a steady drift by America into increasingly pervasive decay or endlessly widening warfare with Islam would be unlikely to produce, even by 2025, an effective global successor. No single power will be ready by then to exercise the role that the world, upon the fall of the Soviet Union in 1991, expected the United States to play: the leader of a new, globally cooperative world order. More probable would be a […]

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Climate Change – Our Real Bequest to Future Generations

Stephan:  I was starting to write my version of this, when I came across this excellent essay by Dean Baker of The Guardian. This is the truth that dare not speak its name.

It is remarkable how efforts to reduce the government deficit/debt are often portrayed as a generational issue, while efforts to reduce global warming are almost never framed in this way. This contrast is striking because the issues involved in reducing the deficit or debt have little direct relevance to distribution between generations, whereas global warming is almost entirely a question of distribution between generations.

Seeing the debt as an issue between generations is wrong in almost every dimension. The idea that future generations will somehow be stuck with some huge tab in the form of the national debt suffers from the simple logical problem that we are all going to die. At some point, everyone who owns the debt being issued today, or over the next two decades, will be dead. They will have to pass the ownership of the debt to someone else – in other words, their children or grandchildren. This means that the debt is not money that our children and grandchildren will be paying to someone else. It is money that they will be paying to themselves.

There are certainly issues of intra-generational distribution. If Bill Gates’s grandkids own all the debt, then there will be a serious […]

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Nobody Understands Debt

Stephan:  Here is some serious commentary on the economy -- something that is increasingly hard to actually find in the corporate media. When people blather on about debt, tell them we are not going to get out of the mess we are in until we start rebuilding our infrastructure, something which will require massive stimulus. It will, in turn, create millions of jobs, which will regenerate the economy. Conservative financial theories, and the policies they engender, have been proven failures again and again.

In 2011, as in 2010, America was in a technical recovery but continued to suffer from disastrously high unemployment. And through most of 2011, as in 2010, almost all the conversation in Washington was about something else: the allegedly urgent issue of reducing the budget deficit.

This misplaced focus said a lot about our political culture, in particular about how disconnected Congress is from the suffering of ordinary Americans. But it also revealed something else: when people in D.C. talk about deficits and debt, by and large they have no idea what they’re talking about - and the people who talk the most understand the least.

Perhaps most obviously, the economic ‘experts

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Americans Buy Record Numbers of Guns for Christmas

Stephan:  The obsession over owning guns, not so much for occasional hunting or target practice but as a thing itself, has a significant sexual component -- largely men who are uncomfortable sexually or who feel inadequate sexually -- which is rarely discussed. We also don't discuss the role of fear and anger that leads people to purchase guns, one after another; as if they were antibiotics that would ease their fear. The argument about buying guns because of crime is nonsense. Crime has been on a steady downslope for several years now. If you have guns in your house you are statistically much more likely to be killed by one of your own guns than you are to be killed by a stranger. What I find particularly significant is that fewer people own guns, but they own many more of them.

LOS ANGELES — According to the FBI, over 1.5 million background checks on customers were requested by gun dealers to the National Instant Criminal Background Check System in December. Nearly 500,000 of those were in the six days before Christmas.

It was the highest number ever in a single month, surpassing the previous record set in November.

On Dec 23 alone there were 102,222 background checks, making it the second busiest single day for buying guns in history.

The actual number of guns bought may have been even higher if individual customers took home more than one each.

Explanations for America’s surge in gun buying include that it is a response to the stalled economy with people fearing crime waves. Another theory is that buyers are rushing to gun shops because they believe tighter firearms laws will be introduced in the future.

The National Rifle Association said people were concerned about self defence because police officer numbers were declining.

A spokesman said: ‘I think there’s an increased realisation that when something bad occurs it’s going to be between them and the criminal.’

But anti-gun campaigners said those who already owned weapons were simply hoarding more of them due to ‘fear-mongering’ by the NRA.

A spokeswoman for the Brady […]

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