(photo, above) The narcissist Assange
Saturday 4 December 2010
Guest-host: Simon Constable, WSJ Market Watch
Co-host: Camilla Webster, Forbes
Saturday 905P Eastern Time: Simon Constable and Camilla Webster in re: UK students' rioting over proposed huge increases in university tuition
Saturday 920P Eastern Time: Chris Brownfield, author of My Nuclear Family, in re: don't ask/don't tell
Saturday 935P Eastern Time: Gordon Chang, Forbes.com, in re: North Korea. Both the NOrth Koreans and the South Koreans are miscalculating. The DPRK's shelling leading to two deaths probably pushed the South Korean electorate past a turning point. Meanwhile, the DPRK generals consider the ROK to be feckless and so may decide to do something harsh. The worst possible scenario might be general war in East Asia; not likely, burt can't be ruled out. (US has a mutual defense treaty with ROK; China has backed DPRK for decades. Remember that in 1950, China did push the US back down the Korean peninsula. Need to close down the Ke Sang Industrial Zone on the border - 120 South Korean companies employing 40K North Korean workers; ROK thus is pumping millions of dollars into the pockets of the DPRK leadership. DPRK is thereby using South Korean money to torpedo South Korean boats and shell South Korean islands. Sec Clinton meeting with Japanese and South Korean ministers to continue Six-Party Talks - a poor idea, as talking will solve nothing at this specific moment. Need to put carriers in the Yellow Sea, enforce tough economic sanctions. Kim Jong-il probably can incinerate Los Angeles in about five years, then Washington in another few. We're drifting toward war because US policies are not tailored to dealing with the current situation, as we elevated integrating China into the international system above neutralizing the extreme threat of North Korea.
Saturday 950P Eastern Time: Jeff Bliss, The Bliss Index, in re: California politics, and the high-speed spendathon on a high-speed rail whose costs, negative environmental impact and ticket costs will be much higher than vaunted. Huge boondoggle. Some states have decided to cancel rail projects, including Chris Christie in New Jersey; Cal politicians are now begging for those funds.
Saturday 1005P (705P Pacific Time): Dennis Overbye, NYT, in re: Arsenic-based life form. NASA'a astrobiology unit: woman scraped up some mud from the bottom of a lake, had phosphorus in it, and arsenic is chemically similar. Researcher began to grow microbes from the lake mud, force-fed them arsenic and the bacteria kept growing happily.
Saturday 1020P (720P Pacific Time): Steve Russolillo, Dow Jones Newswire, and Joseph Brusuelas, Bloomberg senior economic analyst, in re: how dire, depressing, appalling, was the jobs number? Lots. The report was a bit misleading: said we lost jobs in retail, although in fact we've added some on a month-on-month basis. However, we have a structural unemployment rate, realistically should be 10.4%. Thirty million people unemployed, one in every three households. Heading to 11% at the end of 2011. The Greater American Recovery will be characterized by a shift from individual consumption to finished goods sold abroad plus foreign investment here. Will favor educated people. increasing income-inequality (unemployable will be mfrg, construction, middle managers - the broad American middle class). Bad news for the economy meaning good news for the market suggests that the Fed will keep printing money; also that there's more pressure on the Obama administration to continue the Bush tax cuts.
Saturday 1035P (735P Pacific Time): Mickey Kaus, Newsweek, and Lou Ann Hammond, drivingthenation.com, in re: Who knows how GM cooked the books to make way for the IPO? The future is largely in China. Governmental interference in GM operations has not boded well. GM would do well to make Buicks in China and sell them in the US - although that'd be unpleasant for American workers. US-ROK trade deal: Hyundae is highly pleased; Korea will cut its auto import tax from 8% to 4%
. GM and GM/China will go into India together.
Saturday 1050P (750P Pacific Time): David Sanger, NYT, in re: WikiLeaks. If State thinks their remarks and reports may leak, they'll be a less candid in their words. We notified State what we intended to publish: we left out the names of dissidents who'd be punished; the names of intell sources, of references to ongoing operations. We drew the line and parted company from State in our decision to leave in things that were merely embarrassing.
Saturday 1105P (805P Pacific Time): Larry Johnson, No Quarter blog, in re:
Saturday 1120P (820P Pacific Time): Lauren Goode, WSJ The Digital Show, in re: techland: the war around how you'll watch TV in the future - on your computer screen?
Saturday 1135P (835P Pacific Time): Charles Seife, author, Proofiness. [Using mathematics to prove something that may not be true.]
Saturday 1150P (850P Pacific Time): Joseph Sternberg, WSJ Asia, in re; the South Korea-US trade deal just signed. Cars and cows problems overcome. The number of US-made cars sold in ROK is smaller than 10K PA. US adds 2% tariff to imported cars, ROK used to charge 8%. Overall, this is still a very good deal for both sides: it'll offer a significant boost to a U.S. economy still trying to find its way in the recovery. And as a strategic matter, it deepens our relationship with Seoul at a troubled time on the Korean peninsula, while boosting the South's economy, which is also strategically important. On the other hand, it was already an excellent deal when it was signed in 2007. The Obama Administration will trumpet some progress on technical barriers to trade that Koreans impose on imported cars, but the cost is slowing down Korea's reduction on tariffs, so the European Union will enjoy lower tariffs on their car exports to Korea for several years. The Koreans also insisted on slowing down their tariff reductions for other products, like pork. Btw, America also slows its tariff reduction timetable on autos, meaning American consumers will pay more for cars for longer. Despite those caveats, the most important thing now is to ratify this deal in Congress as soon as possible. Republican leaders appear to be supportive, and prospects for passage are good, but Obama is still on the hook for trade leadership. The three-year saga of this deal shows that, without strong presidential leadership to make the case in public for free trade, parochial interests like Detroit will hijack the discussion. In this case Obama got lucky and was still able to conclude a deal. However, he could have spared himself, and the American economy, a lot of grief by speaking out strongly in favor of KORUS a lot sooner.
Saturday/Sun 1205A (905 Pacific Time): Andy Greenberg, Forbes, in re; WikiLeaks
Saturday/Sun 1220A: (920 Pacific Time): continued
Saturday/Sun 1235A: (935P Pacific Time): Bruce Bechtol, Jr., Angelo State, in re: WikiLeaks material on North Korea has been inaccurately analyzed by major papers, including the New York Times and WaPo.
Saturday/Sun 1250A (950P Pacific Time): Exeunt.

Sunday 5 December 2010
Sunday 905P Eastern Time: Mona Charen, National Review Online , in re: tax cuts and the state of the nation
Sunday 920P Eastern Time: Mona Charen and Aaron Task, Yahoo Tech Ticker, in re: state of the nation, Friday's disastrous jobs number; "Sure, everything's fine. No economic problems in Europe and the US market is fine . . . "
Sunday 935P Eastern Time: Arif Rafiq, Pakistan Policy blog, in re: WikiLeaks and Pakistan; Kiyani, Gilani, Zardari
Sunday 950P Eastern Time: David Drucker, Roll Call, in re: Bush tax cuts, new START treaty,
Sunday 1005P (705P Pacific Time): Jodi Schneider, Bloomberg, and John Avlon, CNN and The Daily Beast, in re: Obama says tax cut extension must include jobless benefits, credit plans. The U.S. Senate defeated two attempts by Democrats to extend the Bush-era tax cuts for the middle classes permanently. After the votes, President Obama told Democratic congressional leaders he would be open to a temporary extension of the Bush-era tax cuts for the affluent, but he would demand concessions from the GOP.
Sunday 1020P (720P Pacific Time): continued. The jobs number.
Sunday 1035P (735P Pacific Time): Larry Johnson, No Quarter blog, and Jim McTague, Barron's, in re: the WikiLeaks cables suggest that President Obama's diplomacy is a mixture of openness to negotiation, constantly escalating pressure and a series of deadlines. US needs 3.5% GDP growth annually; 3% won't do it. We've transferring our wealth into the hands of bankers because, among other things, it's a jobs program for lawyers. We need to reduce and cut out departments in Washington - Education gets a failing grade and it probably should be closed. Interior has too broad a mandate. Cutting deficits: many of the proposals the Obama commission put forth have been heard before. It's time for action, not more discussion. The White House and Defense Department ordered employees not to read the WikiLeaks cables.
Sunday 1050P (750P Pacific Time): Jeff Bliss, The Bliss Index, in re: California's solar-panel manufacturing sector largely driven out of business by Chinese funding of its own industry; the Ronnie Chasen murder;
Sunday 1105P (805P Pacific Time): Sadanand Dhume, author, and Gordon Chang, Forbes.com, in re: Dragging India out of the muck: convoluted bureaucracy provides fertile soil for corruption, but strong, credible institutions could still help. India has a rapid growth rate as its dynamism was bottled up under a socialist regime and now is free to be creative Forty-billion-dollar corruption scandal at present. Unrealistic campaign financing laws; no transparency. A culture of shame, not guilt - politicians feel bad only if they're caught. Similar to Tammany Hall.
Sunday 1120P (820P Pacific Time): Gordon Chang, and Joseph Sternberg, WSJ Asia, in re: U.S. cable: China ordered Google hack. Also: China's credit bubble on borrowed time as inflation bites - the Royal Bank of Scotland has advised clients to take out protection against the risk of a sovereign default by China as one of its top trade trades for 2011. Anew twist. And: US-Korea trade agreement will offer a significant boost to a U.S. economy still trying to find its way in the recovery. And as a strategic matter, it deepens our relationship with Seoul at a troubled time on the Korean peninsula, while boosting the South's economy, which is also strategically important.
Sunday 1135P (835P Pacific Time): Malcolm Hoenlein, Conference of Presidents, in re: fires in northern Israel and major international help rushed in;
Sunday 1150P (850P Pacific Time): Bob Zimmerman, behindtheblack,com, in re: Tinkering with the atmosphere. Cancun talks about to collapse. WikiLeaks and climate politics. SpaceShipTwo had another successful test flight. Falcon 9 appears set for a test launch this week; the static fire test went well yesterday. The volcano caldara over Yellowstone has actually subsided in the last two years, after almost a half decade of growth.
Sunday/Mon 1205A (905 Pacific Time): Robert Service, The Guardian (UK), in re: Putin and Medvedev, the Batman and Robin of a maffiya clan
Sunday/Mon 1220A: (920 Pacific Time): Charles Pellegrino, author, in re: arsenical astrobiology
Sunday/Mon 1235A: (935P Pacific Time): Aaron Klein, WABC radio, in re: firefighting in Israel; WikiLeaks; imposing 1967 borders