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‘Less Government’ isn’t the SolutionMark Weisbrot / July 11, 2013
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Bubble Bursting and Central Bank Forward GuidanceDean Baker
Project Syndicate, July 11, 2013
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Latin America and the Caribbean
US’ Double Standard on Extraditions Contributes to its Increasing IsolationRevelations of extensive NSA spying on several Latin American countries have further weakened U.S. relations with neighbors south of the border. Colombia, Mexico and Argentina are demanding answers, Peruvian president Ollanta Humala condemned the spying, and the Brazilian Senate has called on U.S. Ambassador to Brazil Thomas Shannon to testify about the U.S. surveillance of millions of Brazilian citizens.
As we have noted, an Organization of American States resolution passed on Tuesday – with the U.S. and Canada dissenting – further demonstrates Washington’s current political isolation in the hemisphere. The resolution expressed “solidarity” with Bolivia and its president, Evo Morales and “firmly call[s] on the Governments of France, Portugal, Italy, and Spain to provide the necessary explanations of the events that took place” related to President Morales’ plane being denied airspace and forced to land in Austria, whereupon it was searched, apparently due to bad U.S. intelligence that Edward Snowden was on board. (CEPR Co-Director Mark Weisbrot touches on theories of a “dry run”/rehearsal response to Snowden leaving Russia here.)
The targeting of President Morales’ plane is all the more egregious considering the U.S. government’s ongoing refusal to extradite Bolivia’s former president Gonzalo (“Goni”) Sánchez de Lozada for serious human rights crimes related to the shooting of protesters in 2003. Goni lives comfortably just outside Washington, D.C. in Chevy Chase, Maryland, and as a member emeritus of the Inter-American Dialogue is close to Washington foreign policy circles. The worst allegations that pundits have leveled at Snowden are that his leaks could endanger Americans – allegations for which there is no evidence. The case against Goni, however, is serious: he is believed to be responsible for ordering the military to attack protesters, resulting in the shooting deaths of over 67 and injury to over 400.
CEPR / July 11, 2013
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Good News for Italy: NYT Says Its National Debt Is Just $2.6 BillionDean Baker / July 11, 2013
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Latin America and the Caribbean
OAS Resolution Expressing Solidarity with Bolivia Supported by Latin American and Caribbean, Rejected by the U.S. and CanadaAlexander Main / July 10, 2013
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"Two American Families" Struggle in Worthwhile New FilmLast night after watching my weekly fix of dancing contests on TV, I clicked around the channels and found myself engrossed in a new Frontline documentary hosted by Bill Moyers, "Two American Families." It's a fascinating profile of two Milwaukee families, one black and one white, struggling to stay in the middle class over 20-plus years. It brings to life -- with human faces and heartbreaking stories -- many of the statistics and analyses that CEPR produces about working people in this country.
My CEPR colleagues' frequent work work to define and examine the decline of "good" jobs in America came to mind throughout the film, as these families' stories mirror what the data indicates. In CEPR's reports, a "good" job is defined as $19 per hour with employer-provided health insurance and an employer-sponsored retirement plan. When we first meet the families in the early 1990s, three of the four parents have lost "good" union jobs in manufacturing (close to $20 per hour and benefits).
The film documents their struggles over the next two decades to find similar jobs to replace the ones they lost, and after watching them all bounce from one insecure, low-wage job to another, it appears that none of the parents ever manage to do so. They work days, nights, and multiple jobs -- usually manual labor -- and yet continually face financial hardship, even foreclosure and divorce.
By the end of the film, we get to see how the eight children across the two families have turned out as adults. From the descriptions of their work situations, it appears that only one (the eldest son in the Stanley family) definitely has a "good" job -- $45,000 per year assisting the Milwaukee common council president. Two of his siblings may have "good" jobs (we don't learn enough to know for sure) -- a sister who's working at a county clerk's office in Virgina, and a brother who, after failing to find work in Milwaukee, is in Afghanistan working for a military contractor.
CEPR and / July 10, 2013
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In Today's Corporations the Buck Never Stops. Welcome to the Age of IrresponsibilityHa-Joon Chang
The Guardian Unlimited, July 9, 2013
CEPR and / July 10, 2013
report informe
Financial Engineering: The Simple Way to Reduce Government Debt BurdensDean Baker and / July 10, 2013
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Real Newspapers Report a Drop in Projected Deficits as a "Reduction," Not an "Improvement"Dean Baker / July 10, 2013
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Wall Street Journal Turns News Section Over to the Financial IndustryDean Baker / July 10, 2013
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Income Tax Payments Rely to a Substantial Extent on Self ReportingDean Baker / July 10, 2013
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British Labor Party Rejects Evolution, Endorses CreationismDean Baker
Al Jazeera English, July 9, 2013
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Celebrate: EU-US Trade Agreement Could Raise Growth by 0.03 Percentage Points!Dean Baker / July 09, 2013
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Orrin Hatch Wants AIG to Provide Pensions for Public Sector WorkersDean Baker / July 09, 2013
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Latin America and the Caribbean
Groups Call UN Secretary General’s Response to Cholera Victims and Congress an “Outrage”Jake Johnston / July 08, 2013
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Latin America and the Caribbean
“They are going to do everything they can to get Snowden. But I think they will lose.” – Mark Weisbrot Interview in Greek newspaper EleftherotypiaCEPR Co-Director Mark Weisbrot did an interview via email with one of Greece’s leading daily newspapers, Eleftherotypia last week. The interview, which occurred prior to the news that Venezuela, Nicaragua and Bolivia had offered political asylum to Edward Snowden, appears in Eleftherotypia today. Mark’s original responses, in English, appear below:
Eleftherotypia: Why do you think Snowden did it? He has destroyed his life now. Does he have a very high sense of justice or is there something else behind it?
Mark Weisbrot: I think he explained his reasons very eloquently in his first public interview, with Glenn Greenwald, and especially this:
I’m no different from anybody else. I don’t have special skills. I’m just another guy who sits there, day to day, in the office, watches what happening, and goes, "This is something that’s not our place to decide. The public needs to decide whether these programs and policies are right or wrong."
I think he strongly believes this. He is against the idea of government deciding major issues of public policy in secret.
What will happen to him? How do you see the asylum requests developing?
He has at least three countries -- Bolivia, Ecuador, and Venezuela -- that are almost guaranteed to give him asylum. There are numerous others that would give him asylum or refugee status if he showed up in their territories, which includes their embassies. So the main problem right now is transportation. But I think that will be resolved, sooner or later.
Will the U.S. use the carrot-and-stick policy in order to make sure no country offers him asylum so they can get him back to face justice?
They are trying very, very hard to do that. But they are losing -- contrary to what you might read or hear in the international media. First, as I mentioned, there are several countries willing to give him asylum or refuge. This includes Russia, which he rejected because of their conditions. Second, they cannot push everyone around indefinitely. France in particular was embarrassed by this latest episode where they blocked Evo Morales' plane from passing through their air space, on the false rumor that Snowden may have been aboard. Spain, which considers its relations with Latin America to be important especially because of its large investments and commerce there, also paid a price for being Washington's thug in this case. So there are costs to their strategy.
CEPR / July 08, 2013
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Partying at the NYT Over Increased Unemployment and Slower GrowthDean Baker / July 08, 2013