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		<title>When are people in the USA going to stop protecting the illegal criminals? Since when are illegals &#8220;a people&#8221;?</title>
		<link>http://theeconomicnewssource.com/economics-international-trade/when-are-people-in-the-usa-going-to-stop-protecting-the-illegal-criminals-since-when-are-illegals-a-people-2-80405/#utm_source=feed&amp;utm_medium=feed&amp;utm_campaign=feed</link>
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		<pubDate>Sun, 06 Feb 2011 14:06:53 +0000</pubDate>
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		<description><![CDATA[Question by new name: When are people in the USA going to stop protecting the illegal criminals? Since when are illegals &#8220;a people&#8221;? Thousands rally in May Day effort for immigration reform http://news.yahoo.com/s/ap/20080502/ap_on_re_us/immigration_protests;_ylt=AgrHtA.A0AdzbAYIuRwXcptvzwcF CHICAGO &#8211; Thousands of chanting, flag-waving activists rallied in cities across the country Thursday, attempting to reinvigorate calls for immigration reform in [...]]]></description>
			<content:encoded><![CDATA[<!--INFOLINKS_ON--><p><strong><i>Question by new name</i>: When are people in the USA going to stop protecting the illegal criminals? Since when are illegals &#8220;a people&#8221;?</strong><br />
Thousands rally in May Day effort for immigration reform</p>
<p>http://news.yahoo.com/s/ap/20080502/ap_on_re_us/immigration_protests;_ylt=AgrHtA.A0AdzbAYIuRwXcptvzwcF</p>
<p> CHICAGO &#8211; Thousands of chanting, flag-waving activists rallied in cities across the country Thursday, attempting to reinvigorate calls for immigration reform in a presidential election year in which the economy has taken center stage.<br />
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<p>From Washington to Miami to Los Angeles, activists demanded citizenship opportunities for the estimated 12 million illegal immigrants in the U.S. and an end to raids and deportations.</p>
<p>&#8220;We come here to fight for legalization. We&#8217;re people. We have rights,&#8221; said Eric Molina, an undocumented factory worker who immigrated to Zion, Ill., from Mexico.</p>
<p>Molina, his sister and his 13-year-old daughter Erika, a U.S. citizen, were among about 15,000 people who rallied in Chicago in one of the largest demonstrations of the day.</p>
<p>Turnout has fallen sharply since the first nationwide rallies in 2006, when more than 1 million people — at least 400,000 in Chicago alone — clogged streets and brought downtown traffic to a standstill. Activists say this year&#8217;s efforts are focused less on protests and more on voter registration and setting an agenda for the next president.</p>
<p>Some said participation likely was lower because many immigrants increasingly fear deportation.</p>
<p>Margot Veranes, a volunteer organizer in Tucson, Ariz., — where 12,000 took to the streets last year but early estimates Thursday put the crowd at about 500 — blamed the turnout on aggressive enforcement by Border Patrol and police.</p>
<p>&#8220;People have been stopped and deported in the last week. This is a community living in fear,&#8221; said Veranes, a researcher for the International Union of Painters and Allied Trades. &#8220;You never know when you&#8217;re going to be stopped by Border Patrol and now the police.&#8221;</p>
<p>But she said that&#8217;s also why people were marching.</p>
<p>&#8220;We&#8217;re marching to end the raids and the deportations, but we&#8217;re also marching for health care and education and good jobs,&#8221; she said.</p>
<p>Steamy downtown Houston saw between 300 and 400 marchers, including Victor Ibarra, 38, who said he entered the U.S. illegally from Mexico 15 years ago and remains undocumented although he&#8217;s tried to attain legal status for the past seven years.</p>
<p>&#8220;I&#8217;m here because we need immigration reform immediately,&#8221; Ibarra said, wearing handcuffs and chains. &#8220;We need to be able to travel and be free.&#8221;</p>
<p>In Washington, immigrant rights groups and social justice organizations were demanding that Prince William County, in northern Virginia, rescind its anti-illegal immigration measure. They also called for an end to raids and deportations and for establishment of worker centers in Washington, Maryland and Virginia.</p>
<p>Activists also asked the Republican and Democratic national committees to have their presidential candidates enact immigration reform.</p>
<p>A crowd of about 1,000 gathered on the steps of the Oregon Capitol in Salem to call for changes in immigration and workplace laws within the first 100 days of the next congressional session. Many demanded that Oregon reverse a decision, imposed by the Legislature in February, to require proof of legal residence to get a driver&#8217;s license.</p>
<p>Hugo Orozzo, a 17-year-old high school senior, was among hundreds who marched through the streets of southwest Detroit. He was born in the U.S., but his father was born in Mexico and some other family members are originally from Mexico.</p>
<p>&#8220;It is going to help my family and friends,&#8221; Orozzo said of the effort. He carried a preprinted sign that read: &#8220;Stop raids and deportations that separate families!&#8221; in both English and Spanish.</p>
<p>In Miami, 75 people marched to the regional immigration offices from the Little Haiti neighborhood. Among them was Elvira Carbajal, who came from Mexico more than a decade ago and is a U.S. citizen but said many of her family members are not.</p>
<p>&#8220;They are going to grow up with this anger of the government for the loss of their parents, parents who were simply trying to give them a better life,&#8221; she said.</p>
<p>In San Francisco, protesters Marta Acuchi and her husband Jose, from Michoacan, Mexico, closed their child daycare center to march with about 400 others.</p>
<p>&#8220;We need to fix the legal situation of immigrants,&#8221; she said. &#8220;Even if it&#8217;s not this year legislators are seeing we&#8217;re still here, we&#8217;re still marching, we&#8217;re still knocking on their door.&#8221;</p>
<p>And in Milwaukee, factory worker Miguel Tesillos, 29, was among hundreds who lined sidewalks waiting for the march to begin.</p>
<p>&#8220;Our people, we pay taxes, we pay the same as a citizen,&#8221; said Tesillos, who has a Green Card. &#8220;Maybe the new president can see this point, and do something for us.&#8221;</p>
<p>But activists say they know it will be a challenge to push their issues to the political forefront.</p>
<p>Immigration reform did not resonate with voters in primary elections who overwhelmingly listed the economy as their top concern. Immigration legislation has stalled and been defeated in the Senate, and presidential candidates have not extensively addressed the issues.</p>
<p>Democratic presidential rivals Sens. Barack Obama and Hillary Clinton supported a 2006 bill, sponsored by Republican candidate John McCain, that offered illegal immigrants legal status on conditions such as learning English. All three also have supported a border fence.</p>
<p>In Chicago, 17-year-old Celeste Rodarte marched with a group of her friends from the city&#8217;s West Side. She said her parents came to the United States more than 20 years ago and became citizens last year.</p>
<p>&#8220;I know a lot of people who don&#8217;t have papers and I want to help them out,&#8221; Rodarte said.</p>
<p>Seventh-grader Vicente Campos of Milwaukee was granted an excused absence from school to attend the march. He said he was concerned by stories of immigration officials separating parents and children.</p>
<p>&#8220;Immigrants come here to support their families in Mexico,&#8221; said Campos, 13. &#8220;They&#8217;re not all here to do crimes.&#8221;</p>
<p>___</p>
<p><strong>Best answer:</strong></p>
<p><i>Answer by TheAimer</i><br/>The ones that try to protect them fail to realize that they have come here as law breakers, whether they were felons or not back in their original country&#8230;they are here, say it with me &#8220;ILLEGALLY!!!&#8221;&#8230;it isn&#8217;t fair to those that work hard to come here and make a life the legal way&#8230;as many of our ancestors did, they had to go through Ellis Island, and many were sent back if they were considered sick, lame, disabled, etc&#8230;why should the ones that came here legally have any rights? It&#8217;s the liberal elitists that ralley for them, liberal hollywood, who have mansions in well gated communities where they don&#8217;t have to live with the lower people, they want the illegals to live in OUR neighborhoods, the middle and working class&#8230;we&#8217;re sick of it&#8230;..</p>
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		<title>Is Environmental Regulation Damaging the Planet?</title>
		<link>http://theeconomicnewssource.com/economics-international-trade/is-environmental-regulation-damaging-the-planet-80394/#utm_source=feed&amp;utm_medium=feed&amp;utm_campaign=feed</link>
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		<pubDate>Sun, 06 Feb 2011 09:10:05 +0000</pubDate>
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		<description><![CDATA[Complete video at: fora.tv Author Matt Ridley agrees that carbon dioxide emissions are changing the Earth&#8217;s climate, though he opposes hasty regulations that may be doing greater ecological and economic harm. &#8220;We might find in 50 years&#8217; time that we have put a tourniquet around our neck to prevent a nosebleed,&#8221; says Ridley. &#8212;&#8211; A [...]]]></description>
			<content:encoded><![CDATA[<!--INFOLINKS_ON--><p>				<object width="425" height="355"><param name="movie" value="http://www.youtube.com/v/nCjemhxFmnc?fs=1"></param><param name="allowFullScreen" value="true"></param>
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<p>Complete video at: fora.tv Author Matt Ridley agrees that carbon dioxide emissions are changing the Earth&#8217;s climate, though he opposes hasty regulations that may be doing greater ecological and economic harm. &#8220;We might find in 50 years&#8217; time that we have put a tourniquet around our neck to prevent a nosebleed,&#8221; says Ridley. &#8212;&#8211; A former science and technology editor for The Economist magazine, Matt Ridley is a journalist and best-selling author whose books include Genome: The Autobiography of a Species in 23 Chapters. His most recent book is The Rational Optimist: How Prosperity Evolves. Matt Ridley discusses the evolutionary process of &#8220;ideas having sex,&#8221; calling it the secret behind human progress. He asserts that &#8220;barter was the trick that changed the world&#8221; and outlines his argument that life for the average human being is richer, healthier, and kinder than ever. Finally, he discusses whether limited government and rational optimism go hand in hand. &#8211; Hoover Institution Matt Ridley&#8217;s books have sold over 800000 copies, been translated into 27 languages and been short-listed for six literary prizes. In 2004 he won the National Academies Book Award from the US National Academies of Science, Engineering and Medicine for Nature via Nurture. In 2006, he published, Genome, a national bestseller. In 2007 he won the Davis Prize from the US History of Science Society for Francis Crick. His most recent book, The Rational Optimist: How Prosperity Evolves, was published in 2010 <b>&#8230;</b><br />
<strong>Video Rating: 0 / 5</strong></p>
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		<title>EU Brussels: European Foreign Economic Policy proposed</title>
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		<pubDate>Sun, 06 Feb 2011 06:08:19 +0000</pubDate>
		<dc:creator>admin</dc:creator>
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		<description><![CDATA[European economic affairs commissioner Joaquim Almunia on Monday outlined a proposal for a European foreign economic policy. Speaking at a conference, Almunia Shotlist: 00:00:00 Title 00:00:05 Exterior view of the European Commission&#8217;s building 00:00:11 General view of the conference 00:00:23 SOUNDBITE (English) by Joaquin Almunia, Member of the EC in charge of Economic and Monetary [...]]]></description>
			<content:encoded><![CDATA[<!--INFOLINKS_ON--><p>				<object width="425" height="355"><param name="movie" value="http://www.youtube.com/v/zRXUV8cjdL8?fs=1"></param><param name="allowFullScreen" value="true"></param>
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<p>
<div style="float:left;margin:5px;"><img src=http://i.ytimg.com/vi/zRXUV8cjdL8/default.jpg title="EU Brussels: European Foreign Economic Policy proposed" alt="default EU Brussels: European Foreign Economic Policy proposed" /></div>
<p>European economic affairs commissioner Joaquim Almunia on Monday outlined a proposal for a European foreign economic policy. Speaking at a conference, Almunia Shotlist: 00:00:00 Title 00:00:05 Exterior view of the European Commission&#8217;s building 00:00:11 General view of the conference 00:00:23 SOUNDBITE (English) by Joaquin Almunia, Member of the EC in charge of Economic and Monetary Affairs: we can no longer approach economic challenges with an inward perspective; rather we need to frame our understanding within a global context and promote action at the international level. The financial crisis provides a compelling argument for this shift in focus. Yet there are a whole range of trends linked to globalisation, including migration, climate change, risks to energy security and the rise in global demand for commodities that are bringing the external aspects of our economic policies increasingly to the fore. 00:01:02 Cutaway 00:01:08 SOUNDBITE (English) by Joaquin Almunia: nevertheless, a fragmentation of Europe&#8217;s external representation in economic policy complicates and even sometimes undermines our ability to play our rightful role in an age of increasing multilateralism. The global crisis not only provides the most striking justification for strengthening EU coordination on international economic and financial policy issues. It has also opened a window of opportunity. There is huge potential to drive forward the EUs international economic agenda and put European values <b>&#8230;</b>
</p>
<p>				<object width="425" height="355"><param name="movie" value="http://www.youtube.com/v/vdGXOwxESpk?fs=1"></param><param name="allowFullScreen" value="true"></param>
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<p>The high price of oil addiction.<br />
<strong>Video Rating: 0 / 5</strong></p>
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		<title>With SDRs the IMF will start printing money o/of thin air &#8211; we no what that does. Y does only EU bank protest?</title>
		<link>http://theeconomicnewssource.com/economics-international-trade/with-sdrs-the-imf-will-start-printing-money-oof-thin-air-we-no-what-that-does-y-does-only-eu-bank-protest-80371/#utm_source=feed&amp;utm_medium=feed&amp;utm_campaign=feed</link>
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		<pubDate>Sat, 05 Feb 2011 20:07:50 +0000</pubDate>
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		<description><![CDATA[Question by DAR: With SDRs the IMF will start printing money o/of thin air &#8211; we no what that does. Y does only EU bank protest? http://business.theage.com.au/business/g20s-global-cash-splash-infuriates-european-central-bank-20090408-a0v2.html SDRs = &#8220;Special Drawing Rights&#8221; (or IOUs) of the IMF. &#8220;THE European Central Bank has launched a blistering attack on G20 plans to use the International Monetary Fund [...]]]></description>
			<content:encoded><![CDATA[<!--INFOLINKS_ON--><p><strong><i>Question by DAR</i>: With SDRs the IMF will start printing money o/of thin air &#8211; we no what that does. Y does only EU bank protest?</strong></p>
<p>http://business.theage.com.au/business/g20s-global-cash-splash-infuriates-european-central-bank-20090408-a0v2.html</p>
<p>SDRs = &#8220;Special Drawing Rights&#8221; (or IOUs) of the IMF.</p>
<p>&#8220;THE European Central Bank has launched a blistering attack on G20 plans to use the International Monetary Fund to pump liquidity into the world economy, calling it &#8220;pure cash creation&#8221; outside the normal mechanisms of control.</p>
<p>&#8220;This is helicopter money for the globe,&#8221; said Jurgen Stark, the ECB&#8217;s chief economist and Germany&#8217;s member on the bank&#8217;s executive board. &#8220;There hasn&#8217;t been a study to see whether the world needs additional liquidity. In the old days one would take a long time to explore such a thing,&#8221; he told the German business newspaper Handelsblatt.</p>
<p>The newspaper cited an &#8220;unidentified&#8221; central banker protesting that the G20 had rammed through radical changes that could do &#8220;irreparable damage&#8221; to the global financial system. He added: &#8220;What is happening with the IMF is scandalous. They are going to lay waste to everything in this crisis as a result of political horse-trading.&#8221;</p>
<p>Personally,  I couldn&#8217;t agree more, quite apart from the sellout of soverignity in the G20 communique.</p>
<p>What do you think?</p>
<p><strong>Best answer:</strong></p>
<p><i>Answer by Green eyed Goblin ♥</i><br/>They are printing money from thin air, like you said, if they continue cash will become worthless, even a child knows that so I&#8217;m guessing they do too. My guess is that they want chips, they are already being distributed.</p>
<p>Even the fact that we&#8217;ve allowed them to place us under an economic governance run by banks makes me more angry at us than them.</p>
<p><strong>Know better? Leave your own answer in the comments!</strong></p>
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		<title>Q&amp;A: Why do people refuse to see whats going on? What can we do to stop this?</title>
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		<pubDate>Sat, 05 Feb 2011 09:06:57 +0000</pubDate>
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		<description><![CDATA[Question by RonPaul Girl: Why do people refuse to see whats going on? What can we do to stop this? Rockefeller and Ford fortunes were enhanced in part through collaboration with Nazi Germany, the Rockefellers by selling the Nazis oil through the Standard Oil Company, and the Fords by selling the Nazis tanks through subsidiary [...]]]></description>
			<content:encoded><![CDATA[<!--INFOLINKS_ON--><p><strong><i>Question by RonPaul Girl</i>: Why do people refuse to see whats going on? What can we do to stop this?</strong><br />
Rockefeller and Ford fortunes were enhanced in part through collaboration with Nazi Germany, the Rockefellers by selling the Nazis oil through the Standard Oil Company, and the Fords by selling the Nazis tanks through subsidiary corporations (note: the only industrial infrastructure spared in the Allied bombing of Germany was the Ford Motors plant near Cologne). Both Standard Oil (eventually Exxon, Mobil, and Amoco) and the Ford Motor Co. made huge profits from Defense contracts following WWII. Since 1950 a Rockefeller has held a prominent leadership position in the Council on Foreign Relations, and David Rockefeller was cofounder of the Trilateral Commission. Both organizations helped craft the &#8220;Carter Doctrine&#8221; of the late 1970s which stated that the US would heretofore intervene militarily to protect its oil supply from the Middle East. </p>
<p>The Council on Foreign Relations (CFR) has been the historical driving force behind such bedrock institutions of corporate globalization as the United Nations, World Bank, International Monetary Fund, World Trade Organization (WTO), and NATO, and which Esquire magazine referred to in 1962 as &#8220;that part of the Establishment that guides our destiny as a nation.&#8221; In 1950, the Chicago Tribune published a story on the CFR in which they stated, &#8220;[the members] have used the prestige that their wealth, their social position, and their education have given them to lead their country towards bankruptcy and military debacle. They should look at their hands. There is blood on them—the dried blood of the last war and the fresh blood of the present one.&#8221; </p>
<p>It is long argued and well documented that the mission of this organization, working in conjunction with the Council on Foreign Relations and the Trilateral Commission, is to manipulate world governments and economies to promote a global, capitalist agenda commonly referred to as the &#8220;New World Order&#8221;. These supranational bodies seek to dismantle national sovereignty (through mechanisms such as &#8220;Free Trade&#8221; agreements) in favor of a one-world government which primarily upholds the rights of corporations and the wealthy over the people. </p>
<p>&#8220;There is no defense against an evil which only the victims and perpetrators know exists.&#8221;<br />
Although history tends to ignore it, the United States&#8217; rise to global dominance was largely made possible by former Nazis who were smuggled into the country during and after the war to work in secret weapons labs, and lay the foundation for what would become the controlled mass-media. Nazi scientists invented the technology for the jet engine, the ballistic missile, the nuclear bomb, and other classified weapons and surveillance technologies that both the Americans and the Soviets appropriated for use in the Cold War. </p>
<p>Those who put their own names and careers ahead of the people they purportedly represent—and for all those who recognize this hypocrisy and want something more, something better. Though it is difficult and may require sacrifice and even dismantling this corrupted system, we must look at how our movements come to dance with the devil, and turn into the very things that we once so despised</p>
<p><strong>Best answer:</strong></p>
<p><i>Answer by mustagme</i><br/>Sounds good to me, considering I work for a defence company.</p>
<p>I say let&#8217;s get it done.</p>
<p><strong>Add your own answer in the comments!</strong></p>
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		<title>Your view on &#8220;Contrarian Investor Sees Economic Crash in China&#8221; (factual analysis appreciated)?</title>
		<link>http://theeconomicnewssource.com/economics-international-trade/your-view-on-contrarian-investor-sees-economic-crash-in-china-factual-analysis-appreciated-80335/#utm_source=feed&amp;utm_medium=feed&amp;utm_campaign=feed</link>
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		<pubDate>Sat, 05 Feb 2011 06:07:06 +0000</pubDate>
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		<description><![CDATA[Question by Don: Your view on &#8220;Contrarian Investor Sees Economic Crash in China&#8221; (factual analysis appreciated)? Following article extracted from NY Times, written by David Barboza, Friday, January 8, 2010, James S. Chanos built one of the largest fortunes on Wall Street by foreseeing the collapse of Enron and other highflying companies whose stories were [...]]]></description>
			<content:encoded><![CDATA[<!--INFOLINKS_ON--><p><strong><i>Question by Don</i>: Your view on &#8220;Contrarian Investor Sees Economic Crash in China&#8221; (factual analysis appreciated)?</strong><br />
Following article extracted from NY Times, written by David Barboza, Friday, January 8, 2010,</p>
<p>James S. Chanos built one of the largest fortunes on Wall Street by foreseeing the collapse of Enron and other highflying companies whose stories were too good to be true.</p>
<p>Now Mr. Chanos, a wealthy hedge fund investor, is working to bust the myth of the biggest conglomerate of all: China Inc.</p>
<p>As most of the world bets on China to help lift the global economy out of recession, Mr. Chanos is warning that China&#8217;s hyperstimulated economy is headed for a crash, rather than the sustained boom that most economists predict. Its surging real estate sector, buoyed by a flood of speculative capital, looks like &#8220;Dubai times 1,000 &#8212; or worse,&#8221; he frets. He even suspects that Beijing is cooking its books, faking, among other things, its eye-popping growth rates of more than 8 percent. </p>
<p>&#8220;Bubbles are best identified by credit excesses, not valuation excesses,&#8221; he said in a recent appearance on CNBC. &#8220;And there&#8217;s no bigger credit excess than in China.&#8221; He is planning a speech later this month at the University of Oxford to drive home his point.</p>
<p>As America&#8217;s pre-eminent short-seller &#8212; he bets big money that companies&#8217; strategies will fail &#8212; Mr. Chanos&#8217;s narrative runs counter to the prevailing wisdom on China. Most economists and governments expect Chinese growth momentum to continue this year, buoyed by what remains of a $  586 billion government stimulus program that began last year, meant to lift exports and consumption among Chinese consumers.</p>
<p>Still, betting against China will not be easy. Because foreigners are restricted from investing in stocks listed inside China, Mr. Chanos has said he is searching for other ways to make his bets, including focusing on construction- and infrastructure-related companies that sell cement, coal, steel and iron ore.</p>
<p>Mr. Chanos, 51, whose hedge fund, Kynikos Associates, based in New York, has $  6 billion under management, is hardly the only skeptic on China. But he is certainly the most prominent and vocal.</p>
<p>For all his record of prescience &#8212; in addition to predicting Enron&#8217;s demise, he also spotted the looming problems of Tyco International, the Boston Market restaurant chain and, more recently, home builders and some of the world&#8217;s biggest banks &#8212; his detractors say that he knows little or nothing about China or its economy and that his bearish calls should be ignored.</p>
<p>&#8220;I find it interesting that people who couldn&#8217;t spell China 10 years ago are now experts on China,&#8221; said Jim Rogers, who co-founded the Quantum Fund with George Soros and now lives in Singapore. &#8220;China is not in a bubble.&#8221;</p>
<p>Colleagues acknowledge that Mr. Chanos began studying China&#8217;s economy in earnest only last summer and sent out e-mail messages seeking expert opinion.</p>
<p>But he is tagging along with the bears, who see mounting evidence that China&#8217;s stimulus package and aggressive bank lending are creating artificial demand, raising the risk of a wave of nonperforming loans.</p>
<p>&#8220;In China, he seems to see the excesses, to the third and fourth power, that he&#8217;s been tilting against all these decades,&#8221; said Jim Grant, a longtime friend and the editor of Grant&#8217;s Interest Rate Observer, who is also bearish on China. &#8220;He homes in on the excesses of the markets and profits from them. That&#8217;s been his stock and trade.&#8221;</p>
<p>Mr. Chanos declined to be interviewed, citing his continuing research on China. But he has already been spreading the view that the China miracle is blinding investors to the risk that the country is producing far too much.</p>
<p>&#8220;The Chinese,&#8221; he warned in an interview in November with Politico.com, &#8220;are in danger of producing huge quantities of goods and products that they will be unable to sell.&#8221;</p>
<p>In December, he appeared on CNBC to discuss how he had already begun taking short positions, hoping to profit from a China collapse.</p>
<p>In recent months, a growing number of analysts, and some Chinese officials, have also warned that asset bubbles might emerge in China.</p>
<p>The nation&#8217;s huge stimulus program and record bank lending, estimated to have doubled last year from 2008, pumped billions of dollars into the economy, reigniting growth.</p>
<p>But many analysts now say that money, along with huge foreign inflows of &#8220;speculative capital,&#8221; has been funneled into the stock and real estate markets.</p>
<p>A result, they say, has been soaring prices and a resumption of the building boom that was under way in early 2008 &#8212; one that Mr. Chanos and others have called wasteful and overdone.</p>
<p>&#8220;It&#8217;s going to be a bust,&#8221; said Gordon G. Chang, whose book, &#8220;The Coming Collapse of China&#8221; (Random House), warned in 2001 of such a crash.</p>
<p>Friends and colleagues say Mr. Chanos is comfortable betting against the crowd &#8212; even if that crowd includes the likes of Warren E. Buffett and Wilbur L. Ross Jr., two other towering figures of the investment world.<br />
Hi Cutie, good thoughts.  Shouldnt all fortune tellers give a time frame of predictions ie telling that someone would become a billionaire in 2010 or in 20100?<br />
Longlive, thanks for the valuable contribution, as always.<br />
Mr Hex Vision, good points, cant agree with you more, adding to everything mentioned information and news are not so easily accessible by the locals which hindered local investors&#8217; decisions wisely.  Bottome line, when will the burst?</p>
<p><strong>Best answer:</strong></p>
<p><i>Answer by BShimwoman</i><br/>I love carnival fortune tellers.  They are so marvelously entertaining with their predictions of the future.  They read your palm or look into a crystal ball and make up an entertaining story.  Most carnival fortune tellers charge $  10, but this man hopes to make much more.  Many people are excited about investing in China, while others are jealous of China&#8217;s success, so this man sensed an opportunity to make money by fabricating a fortune telling story about China.</p>
<p>No one can foretell the future.  Anyone who claims they can see into the future is either an entertainer (fortune teller), financial opportunist (stock manipulator), or insane.  Since this man is a hedge fund operator, isn&#8217;t it obvious that he is trying to spread negative rumors about China in an effort to briefly create a buying opportunity for himself in Chinese stocks?  Because he actually believes China has a great economic future?  </p>
<p>Your article says this man lives in New York, but he predicts the future of a distant country that he knows nothing about.  That&#8217;s like my voodoo worshiping maid who has claimed for 22 years that the Moon will split in half.  Her name is Bong Bong, but her friends call her Bong.  She foresees the future all of the time, but none of her predictions ever come true.</p>
<p>Sorry to burst your bubble of naivete, but when someone on Wall Street opens their mouth it is for the sole purpose of enriching themself.  People lie all of the time.  No one can foresee the future.  In other words, this fortune telling man is a fraud.</p>
<p><strong>Know better? Leave your own answer in the comments!</strong></p>
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		<title>The Banana Dead End: How Extinction Could Lead to Justice and Opportunity</title>
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		<pubDate>Fri, 04 Feb 2011 20:22:17 +0000</pubDate>
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		<description><![CDATA[For over a century, banana companies have relied on a single variety of fruit. Doing so has made bananas cheap — and dangerous. The single-banana system is responsible for decades of bloodshed and environmental devastation in Latin America, and now, the possible extinction of that breed. But in that potential disappearance lies a chance, finally, [...]]]></description>
			<content:encoded><![CDATA[<!--INFOLINKS_ON--><p>				<object width="425" height="355"><param name="movie" value="http://www.youtube.com/v/uyXtaD28Zeo?fs=1"></param><param name="allowFullScreen" value="true"></param>
				<embed src="http://www.youtube.com/v/uyXtaD28Zeo?fs=1&#038;rel=0" type="application/x-shockwave-flash" width="425" height="355" allowfullscreen="true"></embed></object></p>
<p>For over a century, banana companies have relied on a single variety of fruit. Doing so has made bananas cheap — and dangerous. The single-banana system is responsible for decades of bloodshed and environmental devastation in Latin America, and now, the possible extinction of that breed. But in that potential disappearance lies a chance, finally, for justice (as well as more delicious bananas at our breakfast tables). Dan Koeppel is author of Banana: The Fate of the Fruit that Changed the World. clas.berkeley.edu<br />
<strong>Video Rating: 0 / 5</strong></p>
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		<title>The 1st Conference On Development of Electronic Trade in Iran</title>
		<link>http://theeconomicnewssource.com/economics-international-trade/the-1st-conference-on-development-of-electronic-trade-in-iran-80306/#utm_source=feed&amp;utm_medium=feed&amp;utm_campaign=feed</link>
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		<pubDate>Fri, 04 Feb 2011 14:07:01 +0000</pubDate>
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		<description><![CDATA[&#13; &#13; The 1st Conference On Development of Electronic Trade in Iran &#13; (PRWEB) March 1, 2009 Many economists, specialists and those who are looking for a promising future believe that in recent years a revolution like the Industrial Revolution has happened which entered the World in &#8220;Information Era&#8221; and has brought a profound evolution [...]]]></description>
			<content:encoded><![CDATA[<!--INFOLINKS_ON--><p>&#13;<br />
                  &#13;</p>
<p style="text-align: center; font-weight: bold;; overflow: hidden">The 1st Conference On Development of Electronic Trade in Iran</p>
<p>&#13;</p>
<p class="releaseDateline"> (PRWEB) March 1, 2009 </p>
<p> Many economists, specialists and those who are looking for a promising future believe that in recent years a revolution like the Industrial Revolution has happened which entered the World in &#8220;Information Era&#8221; and has brought a profound evolution in all aspects of Economy, Social and cultural human life.</p>
<p>&#13;</p>
<p>One of these evolution aspects, is the profound changes in economic relations between individuals, companies and governments. Commercial exchanges between human beings with each other and companies with each other and vice versa which were based on documents and written papers have been changed towards the exchange of documents and information through electronic data.</p>
<p>&#13;</p>
<p>Electronic experiences, because of rapidity, efficiency, reducing expenses and making a profit from momentary occasions, have opened a new area in competitions, so that it is said any delayed from this evolution will have no other results except isolation in the world of economy.</p>
<p>&#13;</p>
<p>International trade in most countries of the world and specially in those on development has a very special economic and social importance. Its most important is job creation and providing foreign currencies for purchasing needed goods which finally has an important part in National Gross Production. Electronic Trade has provided hundreds job opportunities and billions of Dollars income for countries knowing to use it adequately. Most countries in the ld try to get more share of Electronic Trade (Commerce) in their international relations.</p>
<p>&#13;</p>
<p>At the present time, Iran has a minimum or no significant part in Electronic Trade. No important research has been done in this field. Use of Electronic Trade has numerous benefits in reducing costs, inflation, increase of exports, job creation and production because it reduces the costs of international exchanges, accelerates the exchanges, improves competition situation of the country in the world, takes benefit from ephemeral occasions in domain of export and even purchasing goods from other countries on time.</p>
<p>&#13;</p>
<p>In our competitive world, using Electronic Trade resulted more and more progress in commerce and national income in developed countries and those in development. In this way, KHORASSAN RAZAVI CHAMBER OF COMMERCE, INDUSTRIES and MINES is thinking about the organization of the First Conference on DEVELOPMENT OF ELECTRONIC TRADE in cooperation with KHORASSAN RAZAVI ORGANIZATION OF COMMERCE, in Mashhad, laying stress on development of non-oil exports on February 11 &amp; 12 ,2009 and on the basis of the following subjects:&#13;<br />
</p>
<p>&#13;<br />
     Evolution of Electronic Trade in Developed Countries and in Countries on Development;&#13;<br />
     Infrastructures of Electronic Trade;&#13;<br />
     Guide-Lines for Development of Non-oil Trade;&#13;<br />
     World Successful Models in Electronic Trade;&#13;<br />
     Software Laws of Electronic Trade;&#13;<br />
     Security in Electronic Trade;&#13;<br />
     Electronic Trade and Custom: E-Custom;&#13;<br />
     E-Tourism;&#13;<br />
     E-Insurance;&#13;<br />
     E- Servicing;&#13;<br />
     E-Transportation;&#13;<br />
     E- Banking;&#13;<br />
     Needs of a Company for using Electronic Trade;&#13;<br />
     E-Bourse(Stocks Exchange);&#13;<br />
     Standard of Electronic Trade: EDIFACT;&#13;<br />
     Software of Electronic Trade;&#13;<br />
     Network of Electronic Trade.
<p>Date: March 02-03, 2009&#13;<br />
<br />Place of Conference: Mashhad, Hotel Pardisan.&#13;<br />
<br />Website: www.mccim.com or www.mccim.org</p>
<p>&#13;</p>
<p>It is to say that KASPID Company is the unique one which holds Google Adwords Individual Certificate and through its active attendance at this Conference tries to develop the Culture of Online Marketing (Web Marketing) in Iran by providing Google Advertising, Web Design, SEO(Search Engine Optimisation).</p>
<p>&#13;</p>
<p>It is necessary to be mentioned that KASPID LTD has two active offices in Mashhad and Bournemouth.</p>
<p>&#13;</p>
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		<title>Globalization: an Islamic Perspective</title>
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		<pubDate>Fri, 04 Feb 2011 09:08:19 +0000</pubDate>
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		<description><![CDATA[Globalization: an Islamic Perspective This paper investigates from an Islamic perspective the consequences of globalization in general. To specify my argument in accordance with my understanding of Islam, I would strive to argue that globalization might be very harmful before society reaches maturity but very useful after that. Allow me a brief prefatory note about [...]]]></description>
			<content:encoded><![CDATA[<!--INFOLINKS_ON--><p><strong>Globalization: an Islamic Perspective</strong></p>
<p>This paper investigates from an Islamic perspective the consequences of globalization in general. To specify my argument in accordance with my understanding of Islam, I would strive to argue that globalization might be very harmful before society reaches maturity but very useful after that. Allow me a brief prefatory note about my methodology in this essay: in the first part, I provide many specifics about how Islamic texts and sources view the human being as God’s creation and his ultimate goal in the world. In the second part, after a brief definition of globalization, I apply the analytic method employed in the conventional literature of economics to show why the market mechanism fails to satisfy equality and eradicate poverty in the globalization era. Finally, I try to explain how a free but virtuous, mature society can satisfy equality throughout the world in this era. Obviously, my argument relates, to some extent, to normative aspect of economics. However, it does not follow the ideological methodology at all. </p>
<p>&#13;</p>
<p>Let me begin by elaborating briefly on the ultimate goal of man’s creation in Islam, since this is so essential to understanding my argument.</p>
<p>&#13;</p>
<p>The Human Being as God’s Creation</p>
<p>&#13;</p>
<p>From monotheism, the pivotal pillar of the Islamic worldview, we can conclude that the universe is the best and perfect manifestation of God’s beautiful names and that there is no better alternative system to govern the universe. Indeed, this principle refers to the conception of creation. That is, God is like a secret treasure, so He creates and expands the universe not only to give a clue to His throne but also to reveal His beauty and His brilliance. Some facets of His attributes such as His majesty may manifest themselves in a deterministic environment such as with galaxies and other physical phenomena. There are, however, other facets of His characteristics such as His wisdom and His mercifulness that are impossible to manifest themselves except in indeterministic form. </p>
<p>&#13;</p>
<p>There seem to be many common elements in the explanation of the philosophy of man’s creation in all Abrahamic religions of which Islam is believed to be a sequel and culmination. By investigating the quality of Adam&#8217;s creation, which stands as the symbol of human being in the Quran, we can infer the kind of status he occupies in the sight of God in Islam, as well as in other religions. </p>
<p>&#13;</p>
<p>In the beginning the Lord addresses all the angels[1]that He wants to create a viceroy[2] on earth. This position will be held by man. The angels object to Him and say that He wants to create a vengeful and vindictive creature to commit crime and bloodshed on earth again! But God responds that He knows something they do not know. And so, God became engaged in creating man. And this is the point which symbols, loaded with profound anthropological connotations, come into being.</p>
<p>&#13;</p>
<p>From a faithful Muslim point of view, God is the greatest and most exalted. Thus, with this providential address the mission of man on earth is clarified. That is, man&#8217;s mission on earth is to fulfill God&#8217;s creative work in the universe. Therefore, man&#8217;s first superiority is that he represents God on earth.</p>
<p>&#13;</p>
<p>Since God wants to create a viceroy for Himself on earth, He must, as a rule, choose the most valuable and sacred material. Yet He selects the basest matter. In the Quran there are three references relative to the material that man was made of: from sounding clay[3], like unto pottery[4], and from mud[5]. Finally, the Lord blew His spirit into the dry mud and man came into being. </p>
<p>&#13;</p>
<p>In the human tongue, God is the most sacred and exalted being so the spirit of God refers to the most exalted, and the noblest manifestation of His being, while mud stands as a symbol of the meanest and the basest thing. Accordingly, He blew His own Soul, not something else like His breath, blood, or flesh, into man in its creating process. God is the most sublime being and His spirit is the finest entity for which man can possibly have an epithet in his language. </p>
<p>&#13;</p>
<p>Thus, man who was formed from mud and God&#8217;s spirit is a two- dimensional being. For unlike all other beings which are one dimensional, man is two-dimensional; one dimension tends towards mud, lowliness, sedimentation, and stagnation while the other aspires to the loftiest imaginable point possible. Thus man&#8217;s significance and grandeur lie in the fact that he possesses two poles: mud and the spirit of the Lord. It is up to man to choose where to go, towards mud or providence. And as long as he has not selected either of the poles as his fate, struggle will perpetually rage within him.</p>
<p>&#13;</p>
<p>Another surprising point in man&#8217;s creation in the Quran is that God calls upon the whole universe that He has a trust to offer it, but everything refuses to accept this offer except man[6]. This is indicative of the fact that man possesses another virtue; that is, his acceptance of a trust that everyone else refused. This means that man is a representative of God in the universe as well as His trustee. As to what the trust is, Islamic scholars mention many things. Some of them such as Mawlavi and Shariati[7], believe that it is will and choice. I agree with that, however, it means much more than that. It means that man has adopted a great responsibility to personify all His beautiful names; individually and collectively. Of course, such responsibility requires the ability of will and choice.</p>
<p>&#13;</p>
<p>Shariati (1981) says that the only superiority that man has over all other beings in the universe is his will. He is the only being that can act contrary to his nature, while no animal or plant is capable of doing so. It is impossible to find an animal which can fast for two days. And no plant has ever committed suicide due to grief or has done a great service. Man is the only one who rebels against his physical, spiritual, and material needs, and turns his back against goodness and virtue. Further, he is free to behave irrationally, to be bad or good, and to be mud-like or divine. The point is that possession of will is the greatest characteristic of man and it throws light upon the relationship between man and God. </p>
<p>&#13;</p>
<p>Man is a viceroy of God on earth as well as His trustee among the universe, and the spirit of both quenches their thirst from the same fountain of virtue: possession of will. God, the only being in the universe, who possesses an absolute will and can do whatever He wishes, blew His spirit in man. Hence, man is capable of working like God (not on par with Him, only as an image of God), or acting against the physiological laws of his own nature. Therefore, as in the Old Testament[8], He has created mankind as a potentially perfect image of Himself. Obviously, this perfect image goes beyond the interpretation that some distinguished scholars have given it[9]. It shows that all God’s beautiful names may manifest themselves with man and human society. Consequently, it requires the ability to mastery and rule over the universe. </p>
<p>&#13;</p>
<p>Two kinds of rationality</p>
<p>&#13;</p>
<p>As mentioned above, according to my Islamic understanding, man is a two-dimensional being. During his spiritual evolution, he should pass from being mud-like to approaching God-like. In other words, God has invited him to pass through an important reference point, maturity[10]. Thus, we can imagine that he has two distinct parts of his life: an individualistic, selfish period (before maturity of society, when the real love is not the dominant flow in the society); and a God-like, selfless period (after maturity of society). Clearly, each specific period requires a certain and separate corresponding rationality. The rationality[11] discussed in the conventional literature of economics, which is based on a low-level self-interest, only corresponds with the period of childhood. Mainstream economics, based on Adam Smith’s invisible hand and the market mechanism, quenches its thirst from this fountain of rationality. In the next part, I will explain how the market mechanism increases the gap between poor and rich countries as well as the gap between poor and rich classes. That is, the more international trade and the more integration of financial markets, the more market failure and more divergent economies! However, when society evolves from selfishness and being mud-like to altruism and being God-like, this rationality will not be effective at all and will collapse instantaneously. The alternative and mature rationality creates a special dynamism for the economy which is very powerful and without any failures. The driving force of this rationality is still self-interest, but a high-level one rooted in being God-like. </p>
<p>&#13;</p>
<p>I would like to refer to one verse of the Quran, which clearly argues that the individual desires derived from a low-level self-interest lead to harm and corruption[12]: “Corruption doth appear on land and sea because of which men&#8217;s hands have done, that He may make them taste a part of that which they have done, in order that they may return.” We may deduce this corruption is only a part of the consequences of what man has done as a result of his selfishness, and that there might many other bad consequences washed clean by God’s forgiveness. In other words, the invisible hand in an immature society not only is not able to optimize social benefits, but also it creates a great deal of harm and corruption that surpasses our imaginations. However, most of this corruption will be removed by the mechanism provided in the universe by God. The remaining corruption serves to warn the people and deter them from being selfish. </p>
<p>&#13;</p>
<p>Due to self-interest maximization in immature society, we may also observe clearly many, many problems such as global warming and environmental destruction which will definitely jeopardize future life, while the market mechanism and its price signals fail to reduce these consequences, much less to motivate sustainable development.</p>
<p>&#13;</p>
<p>Globalization and the issue of equality</p>
<p>&#13;</p>
<p>In this part of my essay, I would like to show why globalization in the context of low-level self-interest motivation and based on the market mechanism may not lead to equality. Instead, it is biased to developed countries where there is located a complex of various industries and the benefit of economies of agglomeration can be utilized. To do this, it is necessary to have a brief definition of globalization first.</p>
<p>&#13;</p>
<p>The definition of globalization</p>
<p>&#13;</p>
<p>As globalization is a multi-layer concept and it has become a buzzword in recent years, globalization has already been defined in many ways. I, in some extend, agree with what Thomas L. Friedman defines globalization. He says: “it is the inexorable integration of market, nation-states and technologies to a degree never witnessed before- in a way that it is enabling individuals, corporations, and nation states to reach around the world farther, faster, deeper and cheaper than ever before, and in a way that it is enabling the world to reach into individuals, corporations, and nation states farther, faster, deeper and cheaper than ever before” (Friedman 2000, 9).  He says: globalization &#8220;also has one overarching feature- integration. The world has become an increasingly interwoven place, and today, whether you are a company or a country, your threats and opportunities increasingly derive from who you are connected to. This globalization system is also characterized by a single word: the Web&#8221;(ibid, 8). This system is a dynamic ongoing process, with a driving idea of free-market capitalism, and &#8220;its own dominant culture&#8221; involving &#8220;the spread of Americanization&#8221; (ibid, 9). It has its own defining technologies, and is measured by its speed, &#8220;speed of commerce, travel, communication and innovation&#8221; (ibid, 10). He suggests that &#8220;globalization is not simply a trend or a fad but is, rather, an international system. It is the system that has now replaced the old Cold War system, and, like that Cold War system, globalization has its own rules and logic that today directly or indirectly influence the politics, environment, geopolitics and economics of virtually every country in the world&#8221; (ibid, IX). </p>
<p>&#13;</p>
<p>What I want to focus on is strictly the economic layer of globalization. In my view, economic globalization refers to a completely different process of internationalization.  Although in internationalization the cross-border relations between countries will increase, the nation-state institution will play the main role in the economies, they can still make economic policies and decisions. Economic globalization, however, refers to the process of removing government-imposed restrictions on movements between countries in order to create an &#8220;open&#8221;, &#8220;borderless&#8221; world economy&#8217; (Scholte 2000: 16) so that the nation-state institution will be eradicated and no longer play no role in economy. Instead, the Transnational Companies (TNCs) will be the main players in the economy. More technically speaking, the nation’s Production Possibility Frontier (PPF) makes nonsense in the literature and there is only the worlds PPF and TNCs follow fragmentization policy in their production and distribution which is definitely alien from conventional international trade and international finance. </p>
<p>&#13;</p>
<p>The Inevitability of Asymmetry in Globalization</p>
<p>&#13;</p>
<p>According to mainstream economics, policies of openness through liberalization of trade and investment regimes, and capital movements have been advocated worldwide for their growth and welfare enhancing effects on the basis of the propositions embedded in the well-known economic theories of international trade and investment (i.e. the Ricardian comparative advantage theory, the Heckscher-Ohlin-Samuelson (HOS) model, the new trade theories of Krugman, or the model of intertemporal international borrowing/lending or portfolio allocation models). In these models, the main goal of openness is assumed to increase social welfare through: (i) static efficiency gains associated with improved resource allocation for national economies as well as for the world economy due to increased specialization; (ii) dynamic efficiency gains from such factors as economies of scale, diffusion of information, technology transfers, knowledge spillover effects as well as intertemporal trade gains from cross-border borrowing/lending for increased investment and consumption smoothing and portfolio risk diversification. </p>
<p>&#13;</p>
<p>Convergence in accordance with international trade theories is still a serious dilemma. That is, there is no doubt that the level of social surplus will increase totally after free trade or integration of financial markets. However, there is a lasting concern regarding how these gains are distributed between trade partners; are they biased toward developed countries or at least unbiased. Mainstream economics’ theories including static and dynamic insist that international trade will reduce the per capita income gap amongst the open countries. For instance, one of the main theorems that derived from the static model of HOS Theory, implies that when the prices of the output goods are equalized between countries as they move to free trade, then the rewards of the factors (capital and labor for instance) will also be equalized between countries. Therefore we should expect that the increase of free trade due to globalization will reduce the North-South per capita income gap. The dynamic version of this model also suggests a convergent per-capita income trend between north and south countries. </p>
<p>&#13;</p>
<p>To explain cross-country differences in economic performance, Matsuyama (1996) employs symmetry-breaking methodology. Symmetry-breaking creates asymmetric outcomes in the symmetric environment. It is the key concept for understanding self-organized (a.k.a. endogenous) pattern formations[13]. </p>
<p>&#13;</p>
<p>As a key answer to the increasing gap between North and South countries in the level of cross-country differences as well as the increasing gap between poor and rich classes inside the countries, Matsuyama (2005), rejects coordination failures as the key notion to understand these questions. Instead, he argues that such emphasis is misplaced; the key to understanding the diversity is symmetry-breaking. The notion of coordination failures is not only irrelevant but also misleading when thinking about diversity. </p>
<p>&#13;</p>
<p>Quoting Matsuyama’s (1996) explanation briefly, it will be shown how globalization can be considered as an endogenous (or a self-organized) factor to create the inequalities. </p>
<p>&#13;</p>
<p>He offers a model of the world economy, where many (inherently) identical countries trade with one another. It is shown that cross-country differences in the standard of living and in income appear as a stable outcome of international trade. According to his model, the coexistence of rich and poor countries is not just a possibility. It is an inevitable aspect of the world trading system. Although his model adopts many assumptions for the sake of simplification and concreteness, the logic behind the result is fairly general and can be understood intuitively. </p>
<p>&#13;</p>
<p>Imagine that there is a list of goods that need to be consumed. Furthermore, there are some agglomeration economies in the production of each of these goods. In the absence of international trade, these goods must all be produced in each country. Without any innate difference across countries, each country produces these goods in the same amount, and there is no cross-country difference. </p>
<p>&#13;</p>
<p>Now introduce the possibility of international trade in these goods. As different countries start acquiring comparative advantage in different goods, the production of each good concentrates into some countries, which leads to an emergence of a system of international division of labor. The stable cross-country difference appears as a result of ‘‘symmetry-breaking’’ in the world economy, caused by international trade. Some countries become rich if they are lucky enough to acquire comparative advantage in goods associated with large agglomeration economies, while other countries, those which happen to acquire comparative advantage in goods with small agglomeration economies, become poor. They fail to achieve a necessary coordination to reach a Pareto-superior equilibrium and find themselves in a Pareto-inferior equilibrium. The problems thus seem just a matter of coordination failures. The global perspective, however, offers a different view. The international division of labor requires different countries to take charge of producing different tradable goods with differing degrees of agglomeration economies. International trade thus creates a kind of ‘‘pecking order’’ among nations. Not all countries can be rich: some countries must be excluded from being rich, just as in a game of musical chairs[14]. At the same time, the model does not rule out the possibility that some (but not all) countries might succeed in overcoming the coordination failures, and becoming rich. This feature of the model makes it possible to talk about the effects of such an ‘‘economic miracle’’ in the world economy. </p>
<p>&#13;</p>
<p>Since the economies of agglomeration requires the diversity of industries which produce intermediates available in the marketplace, we can conclude that only those countries which have already bypassed the threshold of diversity have a chance to be industrialized and reach to a Pareto-superior equilibrium. Hence, this shows how the phenomena of economies of agglomeration cause a symmetry-breaking to separate the otherwise identical regions into the manufacturing belt and the agricultural hinterland.</p>
<p>&#13;</p>
<p>Globalization in Mature Society </p>
<p>&#13;</p>
<p>To explain how globalization in mature society accomplishes beneficial goals, first we have to take into account the two following challenges: </p>
<p>&#13;</p>
<p>1.      The problem of static market failure: This problem arises mainly because of externalities (including public goods, pollution and common pool resources), transaction cost, asymmetric information (such as incomplete markets[15], moral hazards and adverse selection), as well as organization failures. The most common response to a market failure in the literature of the public sector is to use the government to produce certain goods and services. However, government intervention may cause non-market failure. Besides, as mentioned above, globalization causes nation-state eradication so there will be no effective government in such an era. Furthermore, I can hardly believe that international institutions are able to fulfill this responsibility, even if they were independent from the USA. </p>
<p>&#13;</p>
<p>2.      The problem of dynamic market failure: As Matsuyama showed accurately, international trade creates a specific chaos in the symmetric environment so that the operations of markets normally lead to increasing inequality across the countries over time. Likewise, inequality across inherently identical households is caused endogenously by symmetry-breaking. Matsuyama (2004) explains how the class structure is an inevitable feature of capitalism. Even if every household starts with the same amount of wealth, the society will experience “symmetry-breaking,” and will be polarized into the two classes in steady state, where the rich maintain a high level of wealth partly due to the presence of the poor, who have no choice but to work for the rich at a wage rate strictly lower than the “fair” value of labor. Hence, in the capitalistic context we may consider these increasing gaps –whether between countries or inside countries – as an indication of market failure in a dynamic version. </p>
<p>&#13;</p>
<p>It is now necessary to show how mature society, using a different rationality, may bypass these challenges. This rationality formally is very similar to the conventional one. It is, however, very different in content. I would like to refer to a few verses of Quran related to this subject. God says: “Man has been created restless, so he panics whenever any evil touches him, and withdraws when some good touches him; except for the prayerful who are constant at their prayers and whose wealth comprises an acknowledged responsibility towards the beggar and the destitute; and the ones who accept the Day for Repayment.” These verses show sufficiently that the rationality that guides immature people is definitely different than that which guides mature people, although they benefit from the same potential characteristics. The main distinction between mature and immature is that the mature direct these potentials toward a transcendental personality which is beyond selfishness. They are concerned with all human beings’ needs in all generations rather than their own selves individually or at most their families. </p>
<p>&#13;</p>
<p>It is very appropriate to ask about the driving motivation in this society. Of course, conventional self-interest cannot motivate people efficiently to be concerned about others. It is extremely in need of a stronger motivation based on an exalted worldview. This worldview should consist of specific beliefs that grant the greatest reward to the doer when he considers all people of all generations altruistically. As I understand, the mature society may not be blind and aimless. Society can achieve this reference point of maturity only when the true beliefs such as the belief in oneness of God, the Day of Judgment, Justice drive it entirely. Passing this reference point is a necessary condition, but divine love, which requires perfection in selflessness, is the sufficient condition for the maturity. In general speaking, love when it appears, has no room but for itself and the lover thinks of no one except the beloved. In other words, selfishness destroys love and it can never be considered as co-existent of love. Nonetheless, worldly love is too weak and ineffective to last and motivate society toward its transcendental goals. In contrast, divine love is quite sustainable and powerful. Since nature is the realms where God’s beautiful names are exhibited, divine love implies, in turn, love of the entire world and the whole creation particularly human beings, the most comprehensive fruit of existence. Therefore, love is at the core of the concept of mature rationality and creates a specific invisible hand to satisfy social benefits including prosperity and equality for all regions and all generations. </p>
<p>&#13;</p>
<p>Now, allow me to explain how globalization might be useful in a mature world society. As mentioned above, a mature society is a society where all God’s beautiful names have flourished. Therefore, as God provides mercifully all necessary requirements for all creatures, in such a society, each person possesses a certain portion of natural resources consistent with his area of interest. All initial endowments are redistributed by lump sum among the people so technically speaking, all individuals move to the central points of Edgeworth’s box. All members subject to all generations’ benefits do their best to produce more and more creatively because they are His representatives. According to symmetry-breaking methodology, there is still some potential of asymmetry. However, people will share their incomes voluntarily to produce public goods and to reduce the existent gap. </p>
<p>&#13;</p>
<p>The communist system is as far away as the capitalistic system from the system based on love. The lack of motivation in people’s activities as well as the inefficiency of government –especially when the size of society grows enough- are the essential issues in communism while there is no concern about them in mature society. It is because the people are mature enough to understand that more being active means being closer to God. Besides, there is no need for the presence of strong and big government because this society is governed by many small components of authority connected together in a world wide network. There is hardly conflict of interest between these components because selfishness is the main source of confliction while here the people are selfless. Moreover, they are tolerant and educated enough to avoid violence and to discuss their problems peacefully. </p>
<p>&#13;</p>
<p>It should be noticed that the economy in mature society serves only as a means by which we can improve the level of virtue so that we are not allowed to sacrifice humanity and its dignity and virtue because of economic benefits.</p>
<p>&#13;</p>
<p>Endnotes</p>
<p>&#13;</p>
<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;</p>
<p>&#13;</p>
<p>[1] Quran, 2:30: And when thy Lord said unto the angels: Lo! I am about to place a viceroy in the earth, they said: wilt Thou place therein one who will do harm therein and will shed blood, while we, we hymn Thy praise and sanctify Thee? He said: Surely I know that which ye know not.</p>
<p>&#13;</p>
<p>[2] It shows very clearly the worth of man in Islam. Even the Post-Renaissance European humanism has not been able to bestow such an exalting sanctity upon man.</p>
<p>&#13;</p>
<p>[3] Quran, 15:26, 15:28, and 15:33</p>
<p>&#13;</p>
<p>[4] Quran, 55:14</p>
<p>&#13;</p>
<p>[5] Quran, 6:2, 7:12, 23:12, 32:7, 37:11, 38:71, 38:76</p>
<p>&#13;</p>
<p>[6] Quran, 33:72 Lo! We offered the trust unto the heavens and the earth and the mountains, but they shrank from bearing it and were afraid of it. And man assumed it.</p>
<p>&#13;</p>
<p>[7] See:  Sahriati (1981)</p>
<p>&#13;</p>
<p>[8] Old Testament, 1:27-28 Elohim said, &#8220;Let us make humanity as our image, according to our likeness. And let them rule over the fish of the sea, the bird of the heavens, the beast, the whole earth, and all the swarmers which swarm on the earth. And God created humanity as his image: as the image of God he created him, male and female he created them.</p>
<p>&#13;</p>
<p>[9] Thomas Aquinas (1976) located the image in the human ability to think and reason, to use language and art, far surpassing the abilities of any animals. Leonard Verduin (1976) says that the image consists in our dominion over animals and plants, which continues despite our sinfulness. Emil Brunner (1976) says that it is our ability to have a relationship with God, reflected in the tendency of all societies to have forms of worship. </p>
<p>&#13;</p>
<p>[10] Quran, 90:10-17 And [Did We not] guide him to the parting of the mountain ways? But he hath not attempted the Ascent. Ah, what will convey unto thee what the Ascent is! (It is) to free a slave, And to feed in the day of hunger, an orphan near of kin, or some poor wretch in misery, and to be of those who believe and exhort one another to perseverance and exhort one another to pity.</p>
<p>&#13;</p>
<p>[11] I will discuss the other kind of rationality which corresponds with mature period later on.</p>
<p>&#13;</p>
<p>[12] Quran, 30:41</p>
<p>&#13;</p>
<p>[13] For example, cosmologists wonder why the matter in the universe is distributed in clusters, leaving much of the universe empty. Earth scientists study the formation of wave patterns, such as jet streams, ocean currents, and continental drifts. Material scientists study phase transitions, how molecules aligned themselves when they reach the critical temperature. Molecular biologists ask how life began in the primordial soup of amino acids, and developmental biologists attempt to explain how living organisms acquire forms through cell division and morphogenesis (Weyl 1969, Prigogine 1980). Similar questions of pattern formations also exist in economics. Why are there rich and poor countries? Why are industries clustered? Why are there booms and recessions? Why are some ethnic groups underrepresented in certain jobs or neighborhoods?</p>
<p>&#13;</p>
<p>[14] Musical chairs is a game played by a group of people (usually children), often in an informal setting purely for entertainment such as a birthday party. The game starts with any number of players and a number of chairs one fewer than the number of players; the chairs are arranged in a circle (or other closed figure) facing outward, with the people standing in a circle just outside of that. A non-playing individual plays recorded music or a musical instrument. While the music is playing, the players in the circle walk in unison around the chairs. When the music controller suddenly shuts off the music, everyone must race to sit down in one of the chairs. The player who is left without a chair is eliminated from the game, and one chair is also removed to ensure that there will always be one fewer chair than there are players. The music resumes and the cycle repeats until there is only one player left in the game, who is the winner.</p>
<p>&#13;</p>
<p>[15] The theory of incomplete markets is an extension of the general equilibrium approach to intertemporal economies with uncertainty, where the set of available contracts which can be used to transfer wealth across time is limited relative to the possible probabilistic states that an economy might find itself in. Unlike in the standard Arrow-Debreu model where all trade takes place at beginning of time, in an economy with incomplete markets, agents trade in sequential spot markets.</p>
<p>&#13;</p>
<p>References </p>
<p>&#13;</p>
<p>The Noble Quran.</p>
<p>&#13;</p>
<p>Aquinas, T. (1976), Man to the Image of God, in Millard Erickson (ed.), Man&#8217;s Need and God&#8217;s Gift: Readings in Christian Theology, Grand Rapids: Baker, pp. 37-43.</p>
<p>&#13;</p>
<p>Emil, B. (1976), Man and Creation,&#8221; in Millard Erickson (ed.), Man&#8217;s Need and God&#8217;s Gift: Readings in Christian Theology, Grand Rapids: Baker, pp. 45-54.</p>
<p>&#13;</p>
<p>Friedman, T. L. (2000), The Lexus and the Olive Tree, New York: Anchor Books.</p>
<p>&#13;</p>
<p>Krugman, P. (1992),Geography and Trade (Gaston Eyskens Lectures), The MIT Press</p>
<p>&#13;</p>
<p>Matsuyama, K. (1996), Why Are There Rich and Poor Countries?: Symmetry-Breaking in the World Economy, NBER Working Paper Series</p>
<p>&#13;</p>
<p>Matsuyama, K. (2005), Structural Change, forthcoming in L. Blume and S. Durlauf, eds., the New Palgrave Dictionary of Economics, 2nd Edition, Macmillan (available at: http://www.faculty.econ.northwestern.edu/faculty/matsuyama/Structural%20Change.pdf  )</p>
<p>&#13;</p>
<p>Prigogine, I. (1980), From Being to Becoming: Time and Complexity in the Physical Sciences, Freeman, 1980.</p>
<p>&#13;</p>
<p>Scholte, J. A. (2000) Globalization. A critical introduction, London: Palgrave.</p>
<p>&#13;</p>
<p>Shariati, A. (1981), Man and Islam, Translator: Fatollah Marjani, Houston: Free Islamic Literature-Filinc.</p>
<p>&#13;</p>
<p>Verduin, L. (1976), A Dominion-Haver, in Millard Erickson (ed.), Man&#8217;s Need and God&#8217;s Gift: Readings in Christian Theology, Grand Rapids: Baker, pp. 55-74.</p>
<p>&#13;</p>
<p>Weyl, H. (1969), Symmetry, Princeton: Princeton University Press.</p>
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		<title>When are people in the USA going to stop protecting the illegal criminals? Since when are illegals &#8220;a people&#8221;?</title>
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		<description><![CDATA[Question by new name: When are people in the USA going to stop protecting the illegal criminals? Since when are illegals &#8220;a people&#8221;? Thousands rally in May Day effort for immigration reform http://news.yahoo.com/s/ap/20080502/ap_on_re_us/immigration_protests;_ylt=AgrHtA.A0AdzbAYIuRwXcptvzwcF CHICAGO &#8211; Thousands of chanting, flag-waving activists rallied in cities across the country Thursday, attempting to reinvigorate calls for immigration reform in [...]]]></description>
			<content:encoded><![CDATA[<!--INFOLINKS_ON--><p><strong><i>Question by new name</i>: When are people in the USA going to stop protecting the illegal criminals? Since when are illegals &#8220;a people&#8221;?</strong><br />
Thousands rally in May Day effort for immigration reform</p>
<p>http://news.yahoo.com/s/ap/20080502/ap_on_re_us/immigration_protests;_ylt=AgrHtA.A0AdzbAYIuRwXcptvzwcF</p>
<p> CHICAGO &#8211; Thousands of chanting, flag-waving activists rallied in cities across the country Thursday, attempting to reinvigorate calls for immigration reform in a presidential election year in which the economy has taken center stage.<br />
ADVERTISEMENT</p>
<p>From Washington to Miami to Los Angeles, activists demanded citizenship opportunities for the estimated 12 million illegal immigrants in the U.S. and an end to raids and deportations.</p>
<p>&#8220;We come here to fight for legalization. We&#8217;re people. We have rights,&#8221; said Eric Molina, an undocumented factory worker who immigrated to Zion, Ill., from Mexico.</p>
<p>Molina, his sister and his 13-year-old daughter Erika, a U.S. citizen, were among about 15,000 people who rallied in Chicago in one of the largest demonstrations of the day.</p>
<p>Turnout has fallen sharply since the first nationwide rallies in 2006, when more than 1 million people — at least 400,000 in Chicago alone — clogged streets and brought downtown traffic to a standstill. Activists say this year&#8217;s efforts are focused less on protests and more on voter registration and setting an agenda for the next president.</p>
<p>Some said participation likely was lower because many immigrants increasingly fear deportation.</p>
<p>Margot Veranes, a volunteer organizer in Tucson, Ariz., — where 12,000 took to the streets last year but early estimates Thursday put the crowd at about 500 — blamed the turnout on aggressive enforcement by Border Patrol and police.</p>
<p>&#8220;People have been stopped and deported in the last week. This is a community living in fear,&#8221; said Veranes, a researcher for the International Union of Painters and Allied Trades. &#8220;You never know when you&#8217;re going to be stopped by Border Patrol and now the police.&#8221;</p>
<p>But she said that&#8217;s also why people were marching.</p>
<p>&#8220;We&#8217;re marching to end the raids and the deportations, but we&#8217;re also marching for health care and education and good jobs,&#8221; she said.</p>
<p>Steamy downtown Houston saw between 300 and 400 marchers, including Victor Ibarra, 38, who said he entered the U.S. illegally from Mexico 15 years ago and remains undocumented although he&#8217;s tried to attain legal status for the past seven years.</p>
<p>&#8220;I&#8217;m here because we need immigration reform immediately,&#8221; Ibarra said, wearing handcuffs and chains. &#8220;We need to be able to travel and be free.&#8221;</p>
<p>In Washington, immigrant rights groups and social justice organizations were demanding that Prince William County, in northern Virginia, rescind its anti-illegal immigration measure. They also called for an end to raids and deportations and for establishment of worker centers in Washington, Maryland and Virginia.</p>
<p>Activists also asked the Republican and Democratic national committees to have their presidential candidates enact immigration reform.</p>
<p>A crowd of about 1,000 gathered on the steps of the Oregon Capitol in Salem to call for changes in immigration and workplace laws within the first 100 days of the next congressional session. Many demanded that Oregon reverse a decision, imposed by the Legislature in February, to require proof of legal residence to get a driver&#8217;s license.</p>
<p>Hugo Orozzo, a 17-year-old high school senior, was among hundreds who marched through the streets of southwest Detroit. He was born in the U.S., but his father was born in Mexico and some other family members are originally from Mexico.</p>
<p>&#8220;It is going to help my family and friends,&#8221; Orozzo said of the effort. He carried a preprinted sign that read: &#8220;Stop raids and deportations that separate families!&#8221; in both English and Spanish.</p>
<p>In Miami, 75 people marched to the regional immigration offices from the Little Haiti neighborhood. Among them was Elvira Carbajal, who came from Mexico more than a decade ago and is a U.S. citizen but said many of her family members are not.</p>
<p>&#8220;They are going to grow up with this anger of the government for the loss of their parents, parents who were simply trying to give them a better life,&#8221; she said.</p>
<p>In San Francisco, protesters Marta Acuchi and her husband Jose, from Michoacan, Mexico, closed their child daycare center to march with about 400 others.</p>
<p>&#8220;We need to fix the legal situation of immigrants,&#8221; she said. &#8220;Even if it&#8217;s not this year legislators are seeing we&#8217;re still here, we&#8217;re still marching, we&#8217;re still knocking on their door.&#8221;</p>
<p>And in Milwaukee, factory worker Miguel Tesillos, 29, was among hundreds who lined sidewalks waiting for the march to begin.</p>
<p>&#8220;Our people, we pay taxes, we pay the same as a citizen,&#8221; said Tesillos, who has a Green Card. &#8220;Maybe the new president can see this point, and do something for us.&#8221;</p>
<p>But activists say they know it will be a challenge to push their issues to the political forefront.</p>
<p>Immigration reform did not resonate with voters in primary elections who overwhelmingly listed the economy as their top concern. Immigration legislation has stalled and been defeated in the Senate, and presidential candidates have not extensively addressed the issues.</p>
<p>Democratic presidential rivals Sens. Barack Obama and Hillary Clinton supported a 2006 bill, sponsored by Republican candidate John McCain, that offered illegal immigrants legal status on conditions such as learning English. All three also have supported a border fence.</p>
<p>In Chicago, 17-year-old Celeste Rodarte marched with a group of her friends from the city&#8217;s West Side. She said her parents came to the United States more than 20 years ago and became citizens last year.</p>
<p>&#8220;I know a lot of people who don&#8217;t have papers and I want to help them out,&#8221; Rodarte said.</p>
<p>Seventh-grader Vicente Campos of Milwaukee was granted an excused absence from school to attend the march. He said he was concerned by stories of immigration officials separating parents and children.</p>
<p>&#8220;Immigrants come here to support their families in Mexico,&#8221; said Campos, 13. &#8220;They&#8217;re not all here to do crimes.&#8221;</p>
<p>___</p>
<p><strong>Best answer:</strong></p>
<p><i>Answer by Elle</i><br/>I don&#8217;t care *why* they come here. You can come here LEGALLY or stay OUT. Illegals don&#8217;t deserve protection from anything. Legal immigrants do.</p>
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