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This digital document is an article from American Economist, published by Omicron Delta Epsilon on March 22, 1999. The length of the article is 2754 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

Citation Details
Title: A puzzle resolved: Japan's high currency value and trade surplus.
Author: Yochanan Shachmurove
Publication: American Economist (Refereed)
Date: March 22, 1999
Publisher: Omicron Delta Epsilon
Volume: 43 Issue: 1 Page: 47(5)

Distributed by Thomson Gale

Author: Yochanan Shachmurove
Digital:  10 pages HTML
Company: Omicron Delta Epsilon  (1999-03-22) (2005-07-28)
List Price: $5.95
Amazon Price: $5.95
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Tags:   puzzle resolved Japan currency value trade surplus article American Economist

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A Future is a mechanism which can be used to provide values that will be resolved to another value asynchronously. Futures are similar to "promises" (see PromisePipelining). (more...)

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source: http://www.lewrockwell.com/gutzman/gutzman18.html The 2003 invasion of Iraq was sold to the public at the time as being justified in part by Iraqi dictator Saddam Hussein?s possession of weapons of mass destruction and his harboring of al Qaeda terrorists. In the wake of the Bush Administration?s 2003 invasion of Iraq, word leaked out that several prominent figures around Bush long had wanted to invade Iraq; for them, 9/11 was the perfect cover, and the WMD and al Qaeda arguments mere window dressing. By the time the world knew the justifications were false, Iraq had been conquered and Saddam had been removed. President-elect Barack Obama now says that he is going to reverse the current course of the US economy. This contraction, largely the result of the popping of the Fed-induced housing bubble, would come to a natural end in a matter of months anyway. That?s how the market works: if there is a government-induced binge, the fever breaks and the patient can return to health. But the average American has been brought up to believe that good economic times are the results of proper government policy, and that bad times result from its absence. Like some 18th-century physician with a bag full of leaches, knives, glasses, purgatives, and emetics to leach, bleed, burn, and blister a sick man before inducing diarrhea and making him vomit, government hovers over the American economy, eager to make him sick in the name of restoring his health. We have seen the same scenario play out many times in American history. The finest medical care available in America killed poor George Washington in 1799, and the latest economic voodoo caused the recession of 1929 to last a decade and one-half. When finally the government laid off the taxpayer and the business owner in 1945, the US economy boomed. What a remarkable example of statesmanship! The lesson historians drew was that not only was Franklin Roosevelt, the bleeder and blisterer who had stretched the previous recession to seven times the normal length of an American recession, a great statesman, but so was Harry Truman! Barack Obama, it seems, wants to be judged in the same way. His soon-to-be-predecessor, George W. Bush, has emulated Herbert Hoover in responding to the current contraction with a spate of inapt federal measures: nearly $1,000,000,000,000 in handouts of newly-printed dollars to US banks and insurance companies have yielded no discernable result. In fact, federal "oversight" appears to have been totally absent, as the same inept colossi whose institutions tottered on the brink of insolvency before this great looting of the taxpayer now claim not to know where the money went. What to make of this? Why, that more of it is "needed," of course. Thus, $17,000,000,000 was handed over by Bush and his minions to insolvent American automobile manufacturers. No moral, philosophical, or constitutional justification of handing, say, GM ? with a current value of ?$60B (that is, negative sixty billion dollars) ? a few billion was even attempted. No one said how this "loan" would make the great Midwestern dinosaur solvent. Why not? My prognostication? Because it won?t. All this "act of statesmanship" has done is keep GM in business so that GM can demand more money from the government in a few months. And more a few months after that. And more a few months after that. The calculations here are almost entirely those of brute politics. GM is "too big to fail." That is, its unions control so many votes that they, like plains-state senators demanding agricultural subsidies, can twist this gift out of the taxpayer. Comes word now that the steel companies are lining up at the trough. Surely the paleoconservatives will muster the same arguments in their favor as served so well in the case of the Big Three: great countries manufacture their own steel; steel workers are highly paid; some of them were navy SEALs; my sister doesn?t want her husband to lose his job at the steel plant; and (the only one that really matters) if the Republicans don?t join the Democrats in this measure, highly organized and politically mobilized steel workers will vote Democratic forevermore. I predicted that the Big Three would get our money. I predict that other decrepit industries will follow. AIG spent part of its federal gift on lavish retreats for senior executives. Chrysler put some of its taxpayer "loan" into advertising to "thank" taxpayers. This obscenity was rather akin to Stalin "thanking" the kulaks for their land. Barack Obama just announced that he plans to have the federal government resolve the economic problem in part by "modernizing" libraries and offering tax reductions to "workers." The library gambit is all about pork-barrel politics: every substantial community has a library, and so a measure like that will mean a federal expenditure in every congressman?s district. Since the early nineteenth-century days of Henry Clay (Pat Buchanan?s here's the rest of the article: Since the early nineteenth-century days of Henry Clay (Pat Buchanan?s hero), greasing the skids that way has been part of the art of buying votes. No need to explain how expropriating money from its owner to purchase a new rug or computer for a library helps the economy. Barack Obama just announced that he plans to have the federal government resolve the economic problem in part by "modernizing" libraries and offering tax reductions to "workers." The library gambit is all about pork-barrel politics: every substantial community has a library, and so a measure like that will mean a federal expenditure in every congressman?s district. Since the early nineteenth-century days of Henry Clay (Pat Buchanan?s hero), greasing the skids that way has been part of the art of buying votes. No need to explain how expropriating money from its owner to purchase a new rug or computer for a library helps the economy. Tax reductions to "workers," in classic Keynesian analysis, are a wonderful way to address economic contraction because "workers" (that is, unskilled employees) tend to spend a higher proportion of their income than the more affluent. Obama?s conclusion, then, is that America, with virtually the world?s lowest rate of savings, suffers at present from too much savings and too little spending. He wants to reduce the savings rate even further. This is what Keynesianism has given us: gigantic debt and ever-declining savings, despite the fact that everyone knows that societal investment (read: savings) is necessary to heighten the future standard of living. The Clay platform was based chiefly on the idea of "internal improvements," meaning federal financing of roads and bridges throughout the country. Again, if roads were built throughout the country with money provided by the Federal Government, locals would see the wonderful benefit of supporting Henry Clay. Obama understands this perfectly well. Like the Feiths and Abramses, the Cheneys and Wolfowitzes, and like George W. Bush himself wanting war with Iraq and seizing on the first excuse that came to hand, Obama has been handed a perfect cover for doing what he was disposed to do all along. An orgy of public spending outstripping even the super-profligate Bush?s was the desire of the leftward-most senator before the contraction, and he can justify it with economic bunk now. As CNN.com reports, "Economists from across the political spectrum agree that if we don't act swiftly and boldly, we could see a much deeper economic downturn," Obama said. "That's why we need an American Recovery and Reinvestment Plan that not only creates jobs in the short-term but spurs economic growth and competitiveness in the long-term." But "economists from across the political spectrum" do not "agree." Keynesians and Chicago School monetarists who slathered credit for the bubble on Allan Greenspan and failed to predict its popping, which they still find inexplicable, agree. Austrian School economists who castigated Greenspan during the bubble, forecast the current contraction, and see worse to come as a result of the government?s response, disagree. Vehemently. But, as one of the Austrians recently said, "Being right is overrated." They are now in the position of the bystander who cannot reach the child in time to push him out of the way of the bus. Obama has adopted Bill Clinton?s tactic of referring to all government spending as "investment," but his taxing and borrowing to pay for wasteful government programs will only make matters worse. The American economy is like big, healthy George Washington that fateful day in 1799. How much quackery will the government inflict? Reduced saving means reduced future standard of living. Heightened government spending means reduced saving. Taking money from the politically weak to give it to the strong is King John?s model of government. And George Bush?s. And Barack Obama?s. In recent days, some paleoconservatives have labeled observations such as these "ideological," people who object to the Big Three Rip-off "ideologues." Was Robin Hood an "ideologue"? Was King John a "statesman"? There is still time for Obama to decide that unlike the second Bush, he is not going to follow King John in taking money from everyone else for the benefit of the well connected. He can still refuse to follow Bush in exploiting others? misery for his own ideological ends. The signs are not promising. (more...)

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Affirmative (The resolution isn't very good for morality.) and keep in mind this is my first LD case that I have written. ?The world court, human rights, international law, and crimes against humanity are all new terms that are part of global efforts to bring a universalist, equal, and common moral justice to all peoples? (that is from the NationMaster.com online encyclopedia). I stand in firm affirmation of the resolution; resolved, that the United States should submit to the jurisdiction of an international court designed to prosecute crimes against humanity. I would first like to define the major terms regarding this debate: Jurisdiction will be defined as it is in Merriam-Webster?s Dictionary of Law, which is ?the power, right, or authority to interpret, apply, and declare the law.? And crimes against humanity are defined by the Rome Statute of the International Criminal Court Explanatory Memorandum as they, ?are particularly odious offences in that they constitute a serious attack on human dignity or grave humiliation or a degradation of one or more human beings. ...murder, extermination, torture, rape, political, racial, or religious persecution and other inhumane acts reach the threshold of crimes against humanity only if they are part of a widespread or systematic practice.? In this debate I will be valuing justice, defined in Plato?s Republic as ?to every man his dues.? My first contention is that submitting to a international court system would be a positive step for the United States to take. The national court that is around today is the International Criminal Court, or ICC, in which 108 countries have joined in about 7 years. Sub-point A is that international sovereignty is not hurt if we submit to this court. The ICC is not where all crimes against humanity cases immediately go to. As the website for the court states, they only enter in as a last resort matter; they do not act if, ?a case is investigated or prosecuted by a national judicial system unless the national proceedings are not genuine.? This means that unless formal proceedings were used to shied a person from criminal responsibility, the ICC does not enter in on the matter. This shows that it is used to stop any fraudulency in cases and will in turn increase the legitimacy of cases because such fraudulent behavior will decrease. Also, the resolution states that it will only submit to prosecutions against humanity, the ICC is designed for that purpose as well as for genocide and war crimes. But any other court following similar guidelines followed by the ICC but only prosecutes crimes against humanity would be a feasibly option. And due to the definition I provided for crimes against humanity, the court will be able to suppress large outbreaks of murder, rape, and the various crimes I mentioned before. The second contention that I would like to present is that joining such a court would increase global morality. If the United States joined forces with multiple countries for an international court, we would be coming together for the greater good of the world. A slightly smaller-scale example would be Hurricane Katrina: when Louisiana had that devastating disaster, the other states did not sit back and watch, they helped by sending food, clothing, and money to the wrecked citizens. Now the we need to help prevent crimes against humanity not only in our country, but in others. The more countries that join in such a court, the more powerful it could become, while all of the countries sticking together to make sure the court stays at a reasonable level as to no become excessively powerful. My Sub-point B is that the court will promote equal protection of rights. Robert Grimsley (Emeritus Professor at the University of Bristol), in his book Jean-Jacques Rousseau, pg. 101, states, ?No individual will be required to submit to conditions which are not also applicable to everyone else. Justice demands that all the members of the community enjoy equal rights.? The court brings justice to the global community, in that all who are tried have equal rights that are applicable to all. The more countries that join, the further global justice can be strengthened. Foreign relations would, in turn, improve with the various countries working together. My third sub-point is that joining the court would support Jean-Jacques Rousseau?s Social Contract. Rousseau believed that people collectively band together in order to increase liberty. This is exactly what submitting to an international court will do: it promote liberty by halting fraud and crimes against humanity. It will give people more freedom to live their lives with less fear of the world. (I will continue from here) (more...)

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** ALL ADDITIONAL DETAIL BELOW IS OPTIONAL ** {The question can be addressed without reading the following material. For the sake of examples, I've listed some of the answers I've already compiled.} I've been asked to submit a chapter for a Festschrift honoring a History of Philosophy professor known for his study of Western modern atheism. I'm focusing on the impact of the Internet in promoting atheism and its anti-Christian arguments at the popular level of Western culture. I'm compiling a list of the most common urban legends promoted by atheists online that are related to Christianity, the Bible, and the historical Jesus. (And for each item on the list I want to trace the origins of the myth to primary sources and also its path to "popularization".) Examples of such urban legends/myths which I've researched so far include: * "Christianity was responsible for destroying much of our knowledge of the ancient world by the wholesale, systematic sacking and burning of major libraries." (Carl Sagan helped promote this one.) * "Galileo was tortured and excommunicated by the Church." * "There is no credible evidence of the existence of a historical Jesus." * "Christianity finds its roots in the religions of ancient Egypt. The god Horus was virgin-born and crucified, making him the obvious inspiration for the Jesus story." (Bill Maher in the Religulous movie.) * "The Biblical texts are so corrupted such that there is no way to reconstruct credible original readings for those texts." * "There are two mutually contradictory Genesis creation accounts." * "The most unforgivable of all of the Holy Land Crusades was the Children's Crusade, which sent literally thousands of small children to their deaths by starvation and disease long before the ill-fated "army" reached Muslim territory." * "Dozens of Gospel texts were suppressed and censored by the Church so as to make sure that none would appear in the Christian Bible." * "The Bible bungles even an approximate value for PI (the mathematical constant)." * "The Biblical authors were so ignorant of zoology that they were fooled by the popular myths of their times such as those concerning unicorns and dragons." * "The largest genocidal atrocities in human history were the direct result of religious principles." (Many would cite Dawkins and Maher.) * "Christians arbitrarily cherry-pick which Old Testament laws to observe." (Related to this is the assumption that Christianity and Judaism "overlap" in that both groups are bound by the Mosaic Law.) * "The historical existence of the ancient Greek and Latin philosophers is better documented than is the historical Jesus. Their writings survived until modern times despite the efforts of the Church to destroy them." * "The Bible contains no prohibitions against homosexual acts." I'm not necessarily saying that all of the above have risen to the level of urban legend status but they at least merit mention in my initial draft. NOTE: If you think of additional examples AFTER this question is resolved/closed, you may submit them (and/or make comments) through the email conduit on my profile page. ===> Although irrelevant to this investigation, I nominate "Please sight your sources" as the funniest response I usually see when these topics are discussed. I've always wondered if the related noun is "sightations" -- which can be found in the lyrics of a Beach Boys hit song. ________________________ I used the term "urban legend" here for two reasons: 1) The technical term which will be used in the final publication would not be recognized or understood by most people on Yahoo Answers -- so I had to use something which approximates it. 2) The folklore professor I consulted said that the term "urban legend" can also be applied to older myths or "items of conventional wisdom" when they are used in new ways or for a new purpose. But in any case, the term will not appear in the final Festschrift. ______ For those who complained that it is a long question, the word OPTIONAL at the top of the "additional details" section (together with the explicit declaration that one does not have to read the details section to answer the question) means that you can ignore all of it if you wish. I added it so that (a) readers could see some examples, and (b) readers could avoid listing answers already collected. So I'm baffled as to why this was not easily understood. __________ For those who wish to replace my question with their own: 1) Publish your own list in an appropriate book or academic journal. 2) Submit your own question to YA. As to those who are demanding a list of "sources", you really don't expect me to append the entire first draft of the Festschrift chapter to this question, do you?? (Hey, people are already complaining about the list of examples.) But if anyone doubts the validity of the list and wants immediate help, most appear online on countless websites. ____________________ Frankly, I appreciate the many "non-answers" which actually perpetuate the myths (such as the alleged burning of the Library of Alexandria by the Church). The extra material is very helpful and illustrates the inertia of a well-entrenched myth. ____________________ WISE DUCK: Your list is so.... well..... classic that I'm tempted to use it in its entirety. But I respect the implied copyright of all submissions. (But if you wish to grant permission for publication, you may submit it through the email contact link on the project profile page.) However, since you merely reconfirm the deeply entrenched nature of these myths, I'm wondering if you are pulling my leg. For example, I doubt if there are any historians in the appropriate field who are unaware that the myth of the "Children's Crusade" arose from a mistranslation of a Latin word mistaken for "youths". The term was closer to "country bumpkin". And your assumption that most of the texts were preserved by the Arabs because of the lost library at Alexandria is......how do I put this...it reminds me of the punch line of that credit card commercial which puts a dollar value on various things but for the last one, the narrator simply says: "Priceless." (OK. I'll admit it: Even though I won't publish it in the article, I've already printed out your entire list for posting on the departmental bulletin board. [It is an actual bulletin board with thumb-tacks, not an Internet B.B.] But sincerely, I really appreciate your taking the time to compile your point-by-point reply. TJ FOR CATHOLIC COMMON SENSE: Yes! You've provided some excellent examples. (Because of the holiday season, I should have thought about Christmas/Winter Solstice example.) As to the Church and science, that is one that is sad from many angles -- including the fact that schools in the U.S. seriously neglect teaching the history of the development of Western culture. (And yet I have found that my undergrads actually get excited about learning the "explanations" behind everything from the richness and size of English language vocabulary and multi-lingual paradigms [e.g. for strong/weak verbs] to the role of the Church in preserving knowledge from the ancient world. (I'm not Catholic but we are all indebted to countless monks who copied countless manuscripts.) How ironic that the "preserver" is blamed as a "destroyer"! (Of course, most don't understand that Galileo's case was centered on Aristotle's authority as much/more than the Bible!) Thanks much for your contributions. OLD TIMER TOO: Thank you. You've opened up a whole 'nother angle that is quite interesting. (And as to the religion=mythology claim, I sometimes remind people that there are reasons why the religious studies and folklore departments are usually separate entities on most university campuses.) ____________________ VAL WROTE: "The Romans and Greeks were doing brain and cosmetic surgery back in the day." I assume you are referring to the Roman physician, Galen. His writings are among the most voluminous in terms of survival into modern times. And do you realize who preserved Galen's texts? Monks in monasteries! (How ironic that you chose this as an example of how the Church supposedly destroyed our knowledge base from the ancient world -- when the Church was the main preserver!) It is also quite ironic that you mentioned Pol Pot and then blamed Christians for countless dead! (I do plan to use some of your points because they so perfectly illustrate the major theses of my chapter. Selective logic and double-standards. Thank you for taking the time to write your answer.) _______ BILL Q: Interesting that the URL you cite includes the Jesus Seminar. I was a consultant to the project and although the late Robert Funk and I disagreed on many points, he used a lot of my research material in his work on Biblical texts. But if you only knew that the name "Jesus Seminar" provokes a chuckle in most scholarly circles! It has long been known as "tabloid scholarship". Membership in the seminar was restricted to a very "unique" collection of personalities, not all of them academics. For example, the producer of the movie SHOWGIRLS, Paul Verhoeven, is/was one of the voting "scholars". For me, that is not someone I look to for Bible expertise. So as someone who has researched and published in the field for many years, I find the URL you provided not particularly impressive. Indeed, a quick browse found a lot of the kinds of amateurish material that helps foster the myths and pseudo-factoids I'm writing about. (So perhaps I should thank you for that.) ___________________ NDMAGIC MAN: You are clearly pulling my leg. (Even the most adamant atheist would not claim that all of the listed fallacies are valid/true/legitimate. Any competent, secular historian -- including the atheists in that category -- would concur with the myth classification for a number of the items. So I know that you are being tongue-in-cheek.) ____________________ FOR THOSE WHO WANT TO DISCUSS THE QUESTIONS: If you want to know the answers and sources and argument behind each question, you could either (1) look up in the YA archives the zillions of times the answers have already been posted to such questions, OR (2) post them individually as questions of your own (and hope that people aren't so tired of them that they fail to answer them.) They really do get old after being submitted on R&S a dozen times per day. (more...)

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They can be any reasons at all, anything. Throw whatever you can at me to convince me that believing in some higher power is better than believing in myself. I believe in myself and am so happy, and I feel so liberated because of it. I know that whenever something wrong happens, I need to take responsibility for whatever I do, rather than blame it on "Satan" or write it off as "God's will". And when tragedy strikes, I continually seek the resolve *within myself* to overcome adversity and become a more confident person. Finally, when I die I get terminated and that's the end. And it's better this way, because it makes me value life so much more than some intrinsically meaningless "eternity" in any afterlife. Now...your three reasons? (more...)

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I've asked this question to my math instructor when we began studying limits. He resolved it by saying that a point can be differientable some point as long as there are no contradictions. If you had a function that does not have a either a left hand limit or a right hand limit can the limit still exist by the one-sided limit rule? That is to say, that at some point c on the graph the limit tends to some value f(c). There is no contradiction because the other side of the limit does not exist. Only one side of the limit exists. Note: I am not talking about functions where you have assymptotes such as this JL. I've looked into my textbook for a clearer definition but nothing can be found there. Precise definitions followed by textual support would be appreciated I'm also not referring to the case where the function has a break of discontinuity and has two values for c for f(c). That uses the two sided limit rule My wording seems to throw off what I meant to say. Let me just give an example. Consider the function sqrt(x - 1) as x-->1+. The left hand limit simply can't be graphed but the right hand limit exists. (more...)

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I bought a house with my girlfriend nearly 2 years ago. The mortgage was joint and the property is owned jointly. Her father provided the deposit but aside from that we split all the buying expenses and have subsequently contributed equally to the mortgage and split all bills and house improvements in half. We have now split up and I have moved out. Because of the current housing market the value of the house and the money we have spent on it is less than we paid. She plans to stay in the house and buy me out; basing her valuation on the current market value, she suggests that I would not get any money back, so 'rather than see me walk away with nothing' she has offered to repay my half of the mortgage repayments. This strikes me as incredibly unfair given that as we're not actually selling the house then the only loser from the economic downturn is me - as soon as the market picks up she will benefit from all of the additional equity from the work that we have jointly paid for to the house. I am currently at a loss as to how to effectively resolve this standoff. David (more...)

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I bought a house with my girlfriend nearly 2 years ago. The mortgage was joint and the property is owned jointly. Her father provided the deposit but aside from that we split all the buying expenses and have subsequently contributed equally to the mortgage and split all bills and house improvements in half. We have now split up and I have moved out. Because of the current housing market the value of the house and the money we have spent on it is less than we paid. She plans to stay in the house and buy me out; basing her valuation on the current market value, she suggests that I would not get any money back, so 'rather than see me walk away with nothing' she has offered to repay my half of the mortgage repayments. This strikes me as incredibly unfair given that as we're not actually selling the house then the only loser from the economic downturn is me - as soon as the market picks up she will benefit from all of the additional equity from the work that we have jointly paid for to the house. I am currently at a loss as to how to effectively resolve this standoff. (more...)

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Hi, I have the following scenario on my windows server 2003 E.E. a) Domain controller b) DNS c) DHCP server d) Print Server e) Routing and remote access My questions are as follows; 1) I would like to know how to configure two NICs on my Windows Server 2003. The scenario is as follows LAN NIC IP: 192.168.1.1 SUBNET: 255.255.255.0 GATEWAY: none DNS 1: 192.168.1.1 DNS 2: none WAN NIC (please note that xxx.xxx.xxx.xxx indicates values) IP: xxx.xxx.xxx.xxx SUBNET: xxx.xxx.xxx.xxx GATEWAY: xxx.xxx.xxx.xxx DNS1: xxx.xxx.xxx.xxx DNS 2: xxx.xxx.xxx.xxx Question 1: Is the above setting appropriate?. If it is then why do i get the ip address of the LAN and WAN NIC in DNS properties? Question 2: I have enabled NAT and it distributes ip addresses via DHCP without any problem and also servers as a router. The only problem is in DHCP when i resolve server name to provide LAN ip as the router ip, it automatically resolves it to the WAN ip address. Please let me know if there is a mistake i am making? My third question is as follows; when i try to access an XP Professional computer from the server by typing \\computername, it gives me the following error. "\\computername is not accessible. You might not have permission to use this network resource. Contact the administrator........There are currently no logon servers available to service this request" I have previously connected to several computers including workgroup computers through the server and never given me problems. I have also tried to search online for a solution but nothing seems to work. Some of the computers are personal so i cannot connect them to the domain. NETBIOS is also enabled on all the computers running WIndows XP Professional. What chould be the possible solution for the above problem?. (more...)

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I will soon be debating both sides (affirmative and negative) of the following resolution: Resolved: Showing disrespect for the American flag is antithetical to fundamental American values. I'm having trouble drafting my aff case. I think my value will be "fundamental american values" (or just american values) can anyone help me come up with reasons to support this resolution? i am open to change the value. thanks!! all help is hugely appreciated!!.. (more...)

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