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”:http://miltsfile.blogspot.com/2004/05/great-rorschach-blot-at-end-of-new.html 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”:http://www.johnkay.com has a very good “short essay(link to sub­scrip­tion page on the FT site)”:http://www.ft.com/servlet/ContentServer?pagename=FT.com/StoryFT/FullStory&c=StoryFT&cid=1083180430082&p=1012571727102 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)”:http://www.johnkay.com/trends/334 […]

US welcomes EU initiative on export subsidies

USTR Zoellick’s “statement(pdf file about 10k)”:http://ustr.gov/releases/2004/05/2004–05–10-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”:http://ustr.gov/releases/2004/05/2004–05–10-statement-doha.pdf)