December 2011 archive

Vandiver Elizabeth Glenn, who goes by Vandy Beth, is a transgender woman who was fired from her job editing legislation for the Georgia General Assembly Office of Legislative Council when she informewd her supervisor that she would be transitioning from male to female in 2007.  Legislative Council Sewell Brumby conceded to the court that Vandy Beth’s “intended feminine appearance” was the reason for the termination.

The federal District Court ruled that termination to be a violation of the Constitutions’s Equal Protection guarantee and discriminated againston the basis of her failure to conform to sex stereotypes.  The state appealed the case to the 11th Circuit.

The decision is now in.  Writing for the unanimous panel that included Judge William Pryor (appointed by W) and Judge Phyllis Kravitz (Carter), Judge Rosemary Barkett (Clinton) wrote:

An individual cannot be punished because of his or her perceived gender-nonconformity.  Because these protections are afforded to everyone, they cannot be denied to a transgender individual…A person is defined as transgender precisely because of the perception that his or her behavior transgresses gender stereotypes.

Crossposted from The Stars Hollow Gazette

The thoroughly discredited Chicago (Freshwater) School of Economics denies that these even exist.

It’s not just a river in Egypt, it’s also faith based not science in contradiction of actual factual evidence-

Wikipedia–

A deflationary spiral is a situation where decreases in price lead to lower production, which in turn leads to lower wages and demand, which leads to further decreases in price. Since reductions in general price level are called deflation, a deflationary spiral is when reductions in price lead to a vicious circle, where a problem exacerbates its own cause. The Great Depression was regarded by some as a deflationary spiral. A deflationary spiral is the modern macroeconomic version of the general glut controversy of the 19th century. Another related idea is Irving Fisher’s theory that excess debt can cause a continuing deflation. Whether deflationary spirals can actually occur is controversial, with its possibility being disputed by freshwater economists (including the Chicago school of economics) and Austrian School economists.

In Japan–

Systemic reasons for deflation in Japan can be said to include:

• Tight monetary conditions. The Bank of Japan kept monetary policy loose only when inflation was below zero, tightening whenever deflation ends.

…

• Fallen asset prices. In the case of Japan asset price deflation was a mean reversion or correction back to the price level that prevailed before the asset bubble. There was a rather large price bubble in equities and especially real estate in Japan in the 1980s (peaking in late 1989).

• Insolvent companies:  Banks lent to companies and individuals that invested in real estate. When real estate values dropped, these loans could not be paid. The banks could try to collect on the collateral (land), but this wouldn’t pay off the loan. Banks delayed that decision, hoping asset prices would improve. These delays were allowed by national banking regulators. Some banks made even more loans to these companies that are used to service the debt they already had. This continuing process is known as maintaining an “unrealized loss”, and until the assets are completely revalued and/or sold off (and the loss realized), it will continue to be a deflationary force in the economy. Improving bankruptcy law, land transfer law, and tax law have been suggested (by The Economist) as methods to speed this process and thus end the deflation.

• Insolvent banks:  Banks with a larger percentage of their loans which are “non-performing”, that is to say, they are not receiving payments on them, but have not yet written them off, cannot lend more money; they must increase their cash reserves to cover the bad loans.

• Fear of insolvent banks:  Japanese people are afraid that banks will collapse so they prefer to buy (United States or Japanese) Treasury bonds instead of saving their money in a bank account. This likewise means the money is not available for lending and therefore economic growth. This means that the savings rate depresses consumption, but does not appear in the economy in an efficient form to spur new investment. People also save by owning real estate, further slowing growth, since it inflates land prices.

Sound familiar?  It should.

Anxious Greeks Emptying Their Bank Accounts

Many Greeks are draining their savings accounts because they are out of work, face rising taxes or are afraid the country will be forced to leave the euro zone. By withdrawing money, they are forcing banks to scale back their lending — and are inadvertently making the recession even worse.

By Ferry Batzoglou in Athens, Der Spiegel

12/06/2011

(T)he outflow of funds from Greek bank accounts has been accelerating rapidly. At the start of 2010, savings and time deposits held by private households in Greece totalled €237.7 billion — by the end of 2011, they had fallen by €49 billion. Since then, the decline has been gaining momentum. Savings fell by a further €5.4 billion in September and by an estimated €8.5 billion in October — the biggest monthly outflow of funds since the start of the debt crisis in late 2009.

…

The hemorrhaging of bank savings has had a disastrous impact on the economy. Many companies have had to tap into their reserves during the recession because banks have become more reluctant to lend. More Greek families are now living off their savings because they have lost their jobs or have had their salaries or pensions cut.

In August, unemployment reached 18.4 percent. Many Greeks now hoard their savings in their homes because they are worried the banking system may collapse.

Those who can are trying to shift their funds abroad. The Greek central bank estimates that around a fifth of the deposits withdrawn have been moved out of the country. “There is a lot of uncertainty,” says Panagiotis Nikoloudis, president of the National Agency for Combating Money Laundering.

…

Nikoloudis has detected a further trend. At first, it was just a few people trying to withdraw large sums of money. Now it’s large numbers of people moving small sums. Ypatia K., a 55-year-old bank worker from Athens, can confirm that. “The customers, especially small savers, have recently been withdrawing sums of €3,000, €4,000 or €5,000. That was panic,” she said.

…

The shrinking Greek bank deposits compare with bank loans totalling €253 million. Analysts say the share of bad loans could rise to 20 percent next year, or €50 billion, as a result of the recession. This in turn will worsen the already pressing liquidity problems faced by Greek banks.

Did I mention thoroughly discredited?

Germany next.

Your Bloguero And The Book

You probably didn’t know that your faithful Bloguero was interested in commerce. Actually, to tell the truth, he really isn’t. But he can’t lie. Even though he has neither real skill for commerce nor any interest in it, even though in general he could care less about it, he finds himself now personally involved in it. Namely, selling his book, Tulum. Your Bloguero can hear his faithful but somewhat intellectually snobbish readers (and his many wise-ass critics) saying, “Selling? Ewwww. How could you?” Your Bloguero agrees that selling is often crass, sometimes beyond distasteful, and frequently involves prevarication if not outright fraud. But this, your Bloguero assures himself and you, is a different matter. This is something else entirely.

After all, your Bloguero is not going door to soon-to-be-slammed door trying to sell encyclopedias or Bibles. He’s selling fiction.  Magical realist fiction. He’s selling a book he wrote. What, you might ask, is so hard about selling fiction? Isn’t most political speech in the US just selling fiction? Isn’t most advertising just selling fiction? My goodness, your Bloguero hears you saying, in this season, the season of vast capitalistic excess and unnecessary expenditures, isn’t the main activity selling fiction of various sorts? All right. You’ve got a point there, but your Bloguero will not be diverted by it. Your Bloguero is selling only his new novel, Tulum. And he’s not at all that committed to doing that in the tradition, shameless, well worn way.

There are obvious problems with your Bloguero’s selling this book. Your Bloguero thinks of himself as a writer (he hopes that is not offensive to you for him to say it).  And he thinks he is a terrible salesman. He doesn’t like selling.  At all.  He has little or no positive experience with it.  And to make matters worse, your Bloguero’s psyche screams vociferous objections to tooting his own schnozz.  In other words, your Bloguero doesn’t want to pimp his book. Or himself. Or his “abilities.” That seems unseemly. And as if that weren’t enough, there’s your Bloguero’s fabled and oft practiced sloth and indolence. These subvert selling and all other commercial activities. Put it this way to keep it simple: Your Bloguero thinks that if his book is any good at all, it should simply sell itself while your Bloguero returns to daydreaming and making up his third book. Your Bloguero shouldn’t have to occupy himself with the physical activity and mental exertions involved in selling his creation. Look. Your Bloguero writes magical realism. So if this book is going to sell, it’s logical, isn’t it, that it should only be sold magically.

Do you hear your Bloguero whining? Making excuses? Walking back the expectations? Your Bloguero is more worried that he sounds a lot like Ignatius Reilly. But no matter. Your Bloguero would like to sell many thousands of copies of his book through the magical reality of the Internet and through the magic of word of mouth. That is the sum and substance of your Bloguero’s sales business planning. Magic. When one writes magical realism, one doesn’t complete the book and then suddenly act like one just spent 5 years writing financial non-fiction. No. There has to be some consistency between what’s in the book and how it exists in the world, doesn’t there? So if the book is magical realism and fiction, it has to be sold magically. There. Your Bloguero said it. Your Bloguero doesn’t want to hear anyone criticize or analyze his motivations in making this assertion.

Anyway, that’s where you come in. This is really simple, and a solution beautifully fitting your Bloguero’s laziness and magical thinking.  It is not a linear solution. It is not logical. But, alas, it’s your Bloguero’s magical solution. And his magical solution is his only one.

Here it is:  your Bloguero wants you to buy a copy of the book (or more if you feel called to do so), read it, and write a short review at Barnes and Noble, or Amazon, or iUniverse, or on the Blogs or Facebook or wherever, and, whether you liked it or not, though the thought of the latter possibility disturbs your Bloguero’s feelings, tell your friends and family about it.  And soon it will be, as Arlo once sang, a movement. And then, after a very short while,Tulum  will magically be ubiquitous. Think of this: Your Bloguero will be lying on the floor with his faithful dog and staring at the ceiling and dreaming up something new, and as he does this, the book, this very book, will be selling effortlessly. Magically. Thousands and thousands of magical sales. An avalanche of books. And you dear reader will have made this possible.

One last thought. Your Bloguero would also like you to realize that no Christmas or Channukah or Solstice stocking is complete without a copy of this book in it.  Yes, yes, your Bloguero knows that there are no Channukah stockings. Not yet. But he thinks there should be.

This Week In The Dream Antilles is usually a weekly digest. Usually, it appears on Friday. Sometimes, like now and for several of the past weeks, it isn’t actually a digest of essays posted at The Dream Antilles.  And it’s not yet Friday. For the essays you have to visit The Dream Antilles.

Our regular featured content-

• On This Day In History December 8 by TheMomCat
• Punting the Pundits by TheMomCat

These featured articles-

• Obama Will Sign NDAA Bill: Up Dated by TheMomCat
• Deflationary Spiral by ek hornbeck
• You’re Free To Go When The War Ends by TheMomCat

This is an Open Thread

Listen to Bill Ayers live on WWL Radio Friday, December 9th at 6pm ET!



Listen live by clicking the link icon below:

When the controversy broke about then Senator Obama having known Bill Ayers, my first thought was “cool, maybe his is one of us.  Since then, it is Obama that has disappointed, not Professor Ayers.

My discussion with him will strive to contemplate, contrast and compare the social movement of the 60’s and 70’s with what is happening now. I think he can, as someone who has been fully immersed in the former shed light on the latter.

Great effort has been taken to marginalize, even demonize and true socialist with any chance of influencing the dialogue in this country. While active in the advancement of progressive education, that that alone is considered too “radical” for the “educational industry” speaks volumes about how far right we have been pushed as a Nation.

Today, this nation is under a far more militant resistance against OWS activists than the anti-war activists of the SDS and WU were… I wonder, how will it survive?

I am thrilled an honored to be able to have a conversation with Bill! I am sure we shall all learn much from him.

Bill Ayers is an American elementary education theorist and a former leader in the movement that opposed U.S. involvement in the Vietnam War. He is known for his 1960s activism as well as his current work in education reform, curriculum, and instruction. In 1969 he co-founded the Weather Underground. He is a retired professor in the College of Education at the University of Illinois at Chicago, formerly holding the titles of Distinguished Professor of Education and Senior University Scholar

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