Critics frequently state, or imply that LDS scholars are not real scholars. LDS scholarship is biased. Mormon church-owned company buys huge swath of Florida land Orlando Sentinel November 8, - Relevance: The megapurchase was announced jointly Thursday by a corporate representative of church, which owns the nearly ,acre Deseret Ranches in Central Florida, and by the real-estate and timber business, which has built several communities along the Panhandle coast.
There has been a rush on ATMs in Greece in recent days. Aris Messinis Though it became gospel around the globe, euro-enthusiasm was always misguided.
The crisis currently facing Greece shouldn't come as a surprise, writes Matthew Dal Santo. Has a Greek default begun? Or is this just the European Central Bank's way of affording the country's feckless inhabitants a foretaste of what it would be like?
It's too early to say. Either way, it's clear that what has failed here is not the negotiations; it's the euro itself. Put to the test, its entire foundation has been found wanting.
The worst of it is that all this - the acrimony between Brussels, Berlin and Athens; the misery induced across Greece by depression-era levels of unemployment - was not just entirely predictable but actually predicted.
Anyone who subscribes to the London Review of Books will have noticed the reappearance over the weekend of the essay ' Maastricht and all that ' by Wynne Godley - a man who, according to his own biography, started his working life as a 'professional oboe player' and ended it as director of applied economics at Cambridge.
Godley's was not the profile of the usual eurosceptic. On the contrary, he was a strong supporter of European integration.
What he objected to was its form. But if Godley's first big criticism of Maastricht was that it entailed a vision of the nature of the economy that only an investment banker could embrace, his second big criticism was the corollary fudge Maastricht attempted to make about the euro's impact on national sovereignty.
Just because the euro didn't create a federal government to manage what was now to all intents and purposes a federal currency didn't mean that Europe's nation-states remained their own political and economic masters. Typically, the euro-enthusiast tells the public a nauseatingly win-win story.
Nothing is being lost with European integration, just wonderful new things created. For European countries, the EU doesn't mean an undignified surrender of historically hard-won independence, but a giant bring-and-share party where, magically, European integration doesn't entail the loss of national sovereignty but simply the pooling of some of its attributes: If it helps, think of Brussels as home to a giant lazy Susan.
As Godley saw, however, when it comes to currency union, the bring-and-share model is an illusion. Once European governments have put their drachmas and guilders, francs, lire and marks on the common table, they then discover that they've handed over whole branches of economic and political responsibilities too.
Despite supporting what he never ceased to call the "noble cause of European integration", therefore, Godley wasn't to be fooled: It needs to be emphasised from the start that the establishment of a single currency [ And this is precisely what has happened.
Faced with the slump in the global economy produced by the default of US investment banks inGreece could no longer devalue its currency. On the contrary, the euro strengthened as the dollar sank.This paper documents the sources of data used in the construction of the estimates of the Levy Institute Measure of Economic Wellbeing (LIMEW) for the years , , , , , , , , , , , and Though it became gospel around the globe, euro-enthusiasm was always misguided.
The crisis currently facing Greece shouldn't come as a surprise, writes Matthew Dal Santo. The immediate or proximate cause of the crisis in was the failure or risk of failure at major financial institutions globally, starting with the rescue of investment bank Bear Stearns in March and the failure of Lehman Brothers in September Many of these institutions had invested in risky securities that lost much or all of their value when U.S.
and European housing bubbles. Support New America — We are dedicated to renewing America by continuing the quest to realize our nation's highest ideals, honestly confronting the challenges caused by rapid technological and social change, and seizing the opportunities those changes create.
A piece in the Globe and Mail on the Zuckerberg hearings: The era of Big Tech self-governance has come to an end. Twenty years ago, another young Silicon Valley tycoon was .
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