Monthly Archives: May 2004

Errors of distribution

The appar­ent near iden­ti­ty of the genome of chim­panzees and man—98.5% of the DNA sequences are the same—is puz­zling. But the dis­tri­b­u­tion of differences—and their expres­sion in proteins—is what makes dis­tant sim­i­lar­i­ty of appar­ent near iden­ti­ty. The dif­fer­ences (1.44%) are dis­trib­uted in a way that eas­i­ly explains the dif­fer­ences in the out­come, as Japan­ese research […]

Mot juste

The great rorschach blot at the end of the New Tes­ta­ment… ” is how “Milt Rosenberg”: mem­o­rably char­ac­ter­izes the Book of Rev­e­la­tions, cap­tur­ing at once the arbi­trari­ness and inani­ty of the crazed vision and its evan­gel­i­cal inter­preters. Alas, he also calls its exe­ge­sis a ‘the­o­log­i­cal hot pota­to’ in the next sen­tence … but even Shake­speare […]

Budget imbalance

Stephen Kirch­n­er scep­ti­cal­ly assess­es attempts to sell a bud­get which he describes as ‘fis­cal Hobbe­sian­ism’1 bq.  (Trea­sury Sec­re­tary, Ken) Hen­ry tries to spin the Bud­get as a pos­i­tive con­tri­bu­tion to these goals [labour pro­duc­tiv­i­ty and labour force par­tic­i­pa­tion], but the Budget’s con­tri­bu­tion is mar­gin­al at best and broad­er progress on struc­tur­al reform in the Aus­tralian […]

Pascal takes a punt

The back-sto­ry to the Commission’s offer[⇒ relat­ed sto­ry] to elim­i­nate agri­cul­tur­al export sub­si­dies is start­ing to emerge. It seems that, in typ­i­cal fash­ion, the Com­mis­sion made an offer that—if it did not actu­al­ly exceed its mandate—_leaned_ some dis­tance for­ward of the con­sen­su­sof Mem­ber states. bq. The let­ter[⇒ relat­ed sto­ry] draft­ed by Lamy and Fis­chler was […]

Submission to Senate on US-Australia FTA

This is the text of my sub­mis­sion to the Sen­ate Select Com­mit­tee. The sug­ges­tions for lever­ag­ing the agree­ment have appeared here in ear­li­er posts[⇒ relat­ed sto­ry], but this post­ing also con­tains a sum­ma­ry in the Overview sec­tion of my views on the strengths and weak­ness­es of the Agree­ment. This Agree­ment deserves the Senate’s full sup­port […]

Reading entrails

John Kay”: has a very good “short essay(link to sub­scrip­tion page on the FT site)”: in the Finan­cial Times [sub] on the (usu­al­ly minor) impact of inter­est rate changes on out­put, con­sump­tion and invest­ment and on the mis­lead­ing fash­ion for antic­i­pat­ing and record­ing each lit­tle move­ment. The essay is also “available(link to John Kay’s site)”: […]

US welcomes EU initiative on export subsidies

USTR Zoellick’s “statement(pdf file about 10k)”:–05–10-statement-doha.pdf says, in part, bq. “The Unit­ed States has not­ed it will sup­port the EC’s move by agree­ing to nego­ti­ate a par­al­lel elim­i­na­tion of the sub­sidy ele­ment with­in export cred­its, and to nego­ti­ate dis­ci­plines on food aid to pre­clude dis­place­ment of com­mer­cial sales. “(“USTR”:–05–10-statement-doha.pdf)