NYT, Dr. Lee & (Re: Brit Unions foaming at the mouth on productivity..

Peter K. peterk at enteract.com
Sat Sep 16 09:57:58 PDT 2000



>> Floyd Norris in the New York Times:
>> Mr. Duisenberg never expected anything like the current situation, in
which
>> the United States can run an unprecedented current account deficit — now
at
>> 4.3 percent of gross domestic product, or more than $1 billion a day —
while
>> the dollar rises. "In the long run, such a deficit is unsustainable," he
>> told a European parliamentary hearing. But for now, he added, "the
Americans
>> have no difficulty in having that deficit financed, basically by us,
>> Europe."

Dennis:
>And Japan. Funny, how our bourgie press can only think in terms of one
>country at a time: the EU is reduced to Germany, and Asia to Japan, with
>Russia and China as the anti-Teutons and anti-Nippons, respectively (a
>slightly modified version of Cold War allegory). They literally can't see
>the multinational networks of capital all around them. All that
>NASDAQ-babble must kill brain cells or something.

It is Duisenberg speaking to fellow Europeans. And he does say "basically." However, Norris doesn't correct him or provide an accurate, global context for the quote, so you're right.


>> But the euro may not have that much time to wait. Already the euro
disarray
>> is damaging hopes that Denmark will vote to join the currency union.
>
>This is hilarious. Denmark is a pleasantly social democratic country and
>all that, but it has only 6 million people. The Eurozone: population 291
>million. But who needs basic geopolitical facts when you're the Newspaper
>of Record!
>
>-- Dennis

Indeed. Although, for instance, in the U.S. Senate, the least populace states have the same say as California and New York. In the politcal make-up of Europe, is there an instance where an analogous dynamic occurs?

In regards to the Newspaper of Record, has anyone followed the Wen Ho Lee case? I haven't followed it closely. In today's (9/15/00) New York Times you can find the following:

http://www.nytimes.com/2000/09/16/national/16LAB.html

"In his criticism at today's White House briefing, Mr. Lockhart did not specify news organizations or members of Congress. But Mr. Siewert, who will replace Mr. Lockhart as press secretary next month, later singled out The New York Times.

Mr. Siewert complained about the newspaper's first article in March 1999 that reported federal investigators' suspicions about an unidentified computer scientist at Los Alamos who had traveled to Hong Kong. Mr. Siewert pointed out that F.B.I. agents used the article, which quoted a central intelligence official who compared the investigation to the Rosenberg spy case — to scare Dr. Lee during his interrogation.

"Reading the New York Times coverage of this case is a particularly surreal experience," Mr. Siewert said. "It's as though William Randolph Hearst were lamenting the human toll caused by the Spanish- American War.""

What's going on here? It's as though Clinton was McKinley?



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