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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Tenchusatsu who wrote (488011)6/14/2009 10:12:53 PM
From: tejek  Respond to of 1575602
 
Ted, > Dude, I don't do business with people I don't trust. You voted for Bush twice, right?

It must be real interesting to discuss a business deal with someone whose first question is always, "Did you vote for Bush twice?"


Who said this was a business deal?

I wonder if you also base your investment decisions the same way, i.e. whether the CEO voted for Bush twice.

Maybe you also cheer against sports teams whose owners voted for Bush twice.

You're really deep. Did you know that?


I am very deep and don't you forget it.



To: Tenchusatsu who wrote (488011)6/15/2009 12:47:53 AM
From: bentway  Read Replies (1) | Respond to of 1575602
 
"I wonder if you also base your investment decisions the same way, i.e. whether the CEO voted for Bush twice."

I'd have questions about the man's fundamental judgement. Once, I can understand. But once you KNEW what a loser the W was?



To: Tenchusatsu who wrote (488011)6/15/2009 10:50:03 AM
From: bentway2 Recommendations  Respond to of 1575602
 
Stay the Course

By PAUL KRUGMAN

The debate over economic policy has taken a predictable yet ominous turn: the crisis seems to be easing, and a chorus of critics is already demanding that the Federal Reserve and the Obama administration abandon their rescue efforts. For those who know their history, it’s déjà vu all over again — literally.

For this is the third time in history that a major economy has found itself in a liquidity trap, a situation in which interest-rate cuts, the conventional way to perk up the economy, have reached their limit. When this happens, unconventional measures are the only way to fight recession.

Yet such unconventional measures make the conventionally minded uncomfortable, and they keep pushing for a return to normalcy. In previous liquidity-trap episodes, policy makers gave in to these pressures far too soon, plunging the economy back into crisis. And if the critics have their way, we’ll do the same thing this time.


The first example of policy in a liquidity trap comes from the 1930s. The U.S. economy grew rapidly from 1933 to 1937, helped along by New Deal policies. America, however, remained well short of full employment.

Yet policy makers stopped worrying about depression and started worrying about inflation. The Federal Reserve tightened monetary policy, while F.D.R. tried to balance the federal budget. Sure enough, the economy slumped again, and full recovery had to wait for World War II.

The second example is Japan in the 1990s. After slumping early in the decade, Japan experienced a partial recovery, with the economy growing almost 3 percent in 1996. Policy makers responded by shifting their focus to the budget deficit, raising taxes and cutting spending. Japan proceeded to slide back into recession.

And here we go again.

On one side, the inflation worriers are harassing the Fed. The latest example: Arthur Laffer, he of the curve, warns that the Fed’s policies will cause devastating inflation. He recommends, among other things, possibly raising banks’ reserve requirements, which happens to be exactly what the Fed did in 1936 and 1937 — a move that none other than Milton Friedman condemned as helping to strangle economic recovery.

Meanwhile, there are demands from several directions that President Obama’s fiscal stimulus plan be canceled.

Some, especially in Europe, argue that stimulus isn’t needed, because the economy is already turning around.

Others claim that government borrowing is driving up interest rates, and that this will derail recovery.

And Republicans, providing a bit of comic relief, are saying that the stimulus has failed, because the enabling legislation was passed four months ago — wow, four whole months! — yet unemployment is still rising. This suggests an interesting comparison with the economic record of Ronald Reagan, whose 1981 tax cut was followed by no less than 16 months of rising unemployment.

O.K., time for some reality checks.

First of all, while stock markets have been celebrating the economy’s “green shoots,” the fact is that unemployment is very high and still rising. That is, we’re not even experiencing the kind of growth that led to the big mistakes of 1937 and 1997. It’s way too soon to declare victory.

What about the claim that the Fed is risking inflation? It isn’t. Mr. Laffer seems panicked by a rapid rise in the monetary base, the sum of currency in circulation and the reserves of banks. But a rising monetary base isn’t inflationary when you’re in a liquidity trap. America’s monetary base doubled between 1929 and 1939; prices fell 19 percent. Japan’s monetary base rose 85 percent between 1997 and 2003; deflation continued apace.

Well then, what about all that government borrowing? All it’s doing is offsetting a plunge in private borrowing — total borrowing is down, not up. Indeed, if the government weren’t running a big deficit right now, the economy would probably be well on its way to a full-fledged depression.

Oh, and investors’ growing confidence that we’ll manage to avoid a full-fledged depression — not the pressure of government borrowing — explains the recent rise in long-term interest rates. These rates, by the way, are still low by historical standards. They’re just not as low as they were at the peak of the panic, earlier this year.

To sum up: A few months ago the U.S. economy was in danger of falling into depression. Aggressive monetary policy and deficit spending have, for the time being, averted that danger. And suddenly critics are demanding that we call the whole thing off, and revert to business as usual.

Those demands should be ignored. It’s much too soon to give up on policies that have, at most, pulled us a few inches back from the edge of the abyss.

Copyright 2009 The New York Times Company



To: Tenchusatsu who wrote (488011)6/15/2009 11:07:30 AM
From: bentway  Respond to of 1575602
 
U.S. Births Hint at Bias for Boys in Some Asians

By SAM ROBERTS
nytimes.com
( Looks like Asians abort ( or, in your terms, MURDER ) girls to try again for a boy. )

The trend is buried deep in United States census data: seemingly minute deviations in the proportion of boys and girls born to Americans of Chinese, Indian and Korean descent.

In those families, if the first child was a girl, it was more likely that a second child would be a boy, according to recent studies of census data. If the first two children were girls, it was even more likely that a third child would be male.

Demographers say the statistical deviation among Asian-American families is significant, and they believe it reflects not only a preference for male children, but a growing tendency for these families to embrace sex-selection techniques, like in vitro fertilization and sperm sorting, or abortion.

New immigrants typically transplant some of their customs and culture to the United States — from tastes in food and child-rearing practices to their emphasis on education and the elevated social and economic status of males. The appeal to immigrants by clinics specializing in sex selection caused some controversy a decade ago.

But a number of experts expressed surprise to see evidence that the preference for sons among Asian-Americans has been so significantly carried over to this country. “That this is going on in the United States — people were blown away by this,” said Prof. Lena Edlund of Columbia University.

She and her colleague Prof. Douglas Almond studied 2000 census data and published their results last year in the Proceedings of the National Academy of Sciences.

In general, more boys than girls are born in the United States, by a ratio of 1.05 to 1. But among American families of Chinese, Korean and Indian descent, the likelihood of having a boy increased to 1.17 to 1 if the first child was a girl, according to the Columbia economists. If the first two children were girls, the ratio for a third child was 1.51 to 1 — or about 50 percent greater — in favor of boys.

Studies have not detected a similar preference for males among Japanese-Americans.

The findings published by Professors Almond and Edlund were bolstered this year by the work of a University of Texas economist, Prof. Jason Abrevaya. He found that on the basis of census and birth records through 2004, the incidence of boys among immigrant Chinese parents in New York was higher than the national average for Chinese families. Boys typically account for about 515 of every 1,000 births. But he found that among Chinese New Yorkers having a third child, the number of boys was about 558.

Joyce Moy, executive director of the Asian American/Asian Research Institute of the City University of New York, said that family values prevalent in China, including the tradition of elder parents depending on their sons for support, have seeped into American culture even among younger immigrants, and even when some of the historic underlying reasons for the preference are less relevant here than in China, Korea and India.

“Inheritance in the old country is carried through the male line,” she said. “Families depend on the male child for support.”

Dr. Norbert Gleicher, medical director of the Center for Human Reproduction, a fertility and sex-selection clinic in New York and Chicago, said that from his experience, people were more inclined to want female children, except for Asians and Middle Easterners.

The preference for males among some immigrant Asians may fade with assimilation, experts said. And no one expects it to result in the lopsided male majorities like those in China, where, according to a study published this year in the British Medical Journal, the government’s one-child policy has resulted in the world’s highest sex disparity among newborns — about 120 boys for every 100 girls.

“The patients come in and they all think they owe me an excuse, but the bottom line is it’s cultural,” said Dr. Jeffrey Steinberg, medical director of the Fertility Institutes, a California clinic that began sex-selection procedures in New York in March.

The Fertility Institutes, which does not offer abortions, has unabashedly advertised its services in Indian- and Chinese-language newspapers in the United States.

“Culturally, there are a lot of strange things that go on in the world,” Dr. Steinberg said. “Whether we agree with it, it’s not harming anyone.”

Efforts by clinics to appeal to Indian families in the United States provoked criticism and some community introspection in 2001. Some newspapers and magazines that ran advertisements promoting the clinics, which offered sex-selection procedures, expressed regret at the perpetuation of what critics regard as a misogynistic practice.

In this country, some Asian families are having more than the two children they had planned for if the first two are girls. “I do have girlfriends who have had multiple children in anticipation there will ultimately be a boy,” Ms. Moy said.

Experts say that Asian-American families are using sex-selection techniques, also called family balancing.

In China, sex selection is usually achieved by aborting female fetuses, which doctors say also occurs in this country, although few parents were willing to be interviewed about it.

“It’s a real touchy thing,” Dr. Steinberg said. “It’s illegal in Asia, and culturally, it’s private.”

One New York couple, Angie and Rick, Chinese immigrants who were brought here by their parents as young children and now own several food markets in the city, agreed to be interviewed only if their last name was not used.

The first time Angie became pregnant and learned that the baby was a girl, she and her husband were merely disappointed. They had planned on having a second child anyway. When she learned she was pregnant with a girl again, though, the couple considered an abortion.

Their doctor argued against terminating the second pregnancy, they said. The couple reluctantly agreed to try for a third child.

“Our theory was that to raise kids, it’s tough already, so we didn’t want too many,” Rick recalled.

They explored various forms of sex selection, which could cost $15,000 or more, but they feared that because Angie was so fertile, the process would result in multiple births. She became pregnant a third time naturally. The couple were delighted to learn they were finally having a boy.

“If the third one was going to be a girl, then I would say probably I would have terminated,” Angie said.

A 1989 study of sex selection in New York City, conducted by Dr. Masood Khatamee, a clinical professor at N.Y.U. Langone Medical Center, found that all the foreign-born couples — mostly from Asia and the Middle East — preferred boys, predominantly for cultural and economic reasons. Often, the pressure comes from the husband’s parents.

“I have two daughters and am married to an only child,” said a Chinese-American professional woman who is married to an engineer. “Early on, after the two girls were born and another two years went by and there was not a third, I found myself in the living room with four or five older relatives in a discussion of ‘Wouldn’t it be lovely for you to have a boy?’ It’s extremely uncomfortable.”

Dr. Lisa Eng, a Hong Kong-born gynecologist who practices in Chinatown and Sunset Park, Brooklyn, said she tried to discourage couples who prefer boys from having abortions.

But, she said, “If it’s going to be a third, they’re pretty determined to have a boy. If it’s a boy, they keep it. If it’s a girl, they’ll abort.”


Copyright 2009 The New York Times Company