Friday, December 31, 2010
Saturday, December 25, 2010
pix from here
Tuesday, December 21, 2010
Read Coase's description of his work in this area (emphasis added by me):
"I made a study of the Federal Communications Commission which regulated the broadcasting industry in the United States, including the allocation of the radio frequency spectrum. I wrote an article, published in 1959, which discussed the procedures followed by the Commission and suggested that it would be better if use of the spectrum was determined by the pricing system and was awarded to the highest bidder. This raised the question of what rights would be acquired by the successful bidder and I went on to discuss the rationale of a property rights system."
I stumbled onto Ronald Coase's considerable corpus of work on economics and law when I was pursuing postgraduate academic studies.
More to the point, Coase's work is extremely helpful when we try to evaluate the costs and benefits of government regulation. Malaysia can certainly use Coase's methodology when deciding on economic policy and regulations within the context of fair economic competition. But, this is not the time and place to discuss the matter. This post is about honouring Coase and his contribution to our understanding of the economics of commercial transactions and government regulations for which he was awarded a Nobel Prize in Economics.
Monday, December 13, 2010
Sourced from here. An essay by AshleyTerra.
Friday, December 3, 2010
U.S. Orders Diplomats to Stop Telling Truth Until Further Notice
Wednesday, November 24, 2010
Tuesday, November 23, 2010
Thursday, November 4, 2010
Tuesday, November 2, 2010
Soaring rhetoric helped make Kennedy's presidency a symbol of hope and liberal governance, and the crowning achievement for Sorensen, who died Sunday, was the inaugural address that was the greatest collaboration between the two and set the standard for modern oratory.
With its call for self-sacrifice and civic engagement -- "Ask not what your country can do for you, ask what you can do for your country" -- and its promise to spare no cost in defending the country's interests worldwide, the address is an uplifting but haunting reminder of national purpose and confidence, before Vietnam, assassinations, Watergate, terrorist attacks and economic shock.
But to the end, Sorensen was a believer.
He was 82 when he died at noon at Manhattan's New York Presbyterian Hospital/Weill Cornell Medical Center from complications of a stroke, his widow, Gillian Sorensen, said.
Sorensen had been in poor health in recent years and a stroke in 2001 left him with such poor eyesight that he was unable to write his memoir, "Counselor," published in 2008. Instead, he had to dictate it to an assistant.
President Barack Obama issued a statement saying he was saddened to learn of Sorensen's death.
"His legacy will live on in the words he wrote, the causes he advanced, and the hearts of anyone who is inspired by the promise of a new frontier," Obama said.
Kennedy's daughter, Caroline Kennedy, called Sorensen a "wonderful friend and counselor" for her father and all of her family.
"His partnership with President Kennedy helped bring justice to our country and peace to our world. I am grateful for his guidance, his generosity of spirit and the special time he took to teach my children about their grandfather," she said in a statement.
Hours after his death, Gillian Sorensen told The Associated Press that although a first stroke nine years ago robbed him of much of his sight, "he managed to get back up and going."
She said he continued to give speeches and traveled, and just two weeks ago, he collaborated on the lyrics to music to be performed in January at the Kennedy Center in Washington -- a symphony commemorating a half-century since Kennedy took office.
"I can really say he lived to be 82 and he lived to the fullest and to the last -- with vigor and pleasure and engagement," said Gillian Sorensen, who was at his side to the last. "His mind, his memory, his speech were unaffected."
Her husband was hospitalized Oct. 22 after a second stroke that was "devastating," she said.
They were an odd but utterly compatible duo, the glamorous, wealthy politician from Massachusetts and the shy wordsmith from Nebraska, described by Time magazine in 1960 as "a sober, deadly earnest, self-effacing man with a blue steel brain." But as Sorensen would write in "Counselor," the difference in their lifestyles was offset by the closeness of their minds: Each had a wry sense of humor, a dislike of hypocrisy, a love of books and a high-minded regard for public life.
Kennedy called him "my intellectual blood bank" and the press frequently referred to Sorensen as Kennedy's "ghostwriter," especially after the release of "Profiles in Courage." Presidential secretary Evelyn Lincoln saw it another way: "Ted was really more shadow than ghost, in the sense that he was never really very far from Kennedy."
Sorensen's brain of steel was never needed more than in October 1962, with the U.S. and the Soviet Union on the brink of nuclear annihilation over the placement of Soviet missiles in Cuba. Kennedy directed Sorensen and Bobby Kennedy, the administration's attorney general, to draft a letter to Nikita Khrushchev, who had sent conflicting messages, first conciliatory, then confrontational.
The carefully worded response -- which ignored the Soviet leader's harsher statements and included a U.S. concession involving U.S. weaponry in Turkey -- was credited with persuading the Soviets to withdraw their missiles from Cuba and with averting war between the superpowers.
Sorensen considered his role his greatest achievement.
"That's what I'm proudest of," he once told the Omaha (Neb.) World-Herald. "Never had this country, this world, faced such great danger. You and I wouldn't be sitting here today if that had gone badly."
Robert Dallek, a historian and the author of "An Unfinished Life: John F. Kennedy, 1917-1963," agreed that Sorensen played a central role in that crisis and throughout the administration.
"He was one of the principal architects of the Kennedy presidency -- in fact, the entire Kennedy career," he said Sunday.
Of the many speeches Sorensen helped compose, Kennedy's inaugural address shone brightest. Bartlett's Familiar Quotations includes four citations from the speech -- one-seventh of the entire address, which built to an unforgettable exhortation: "Ask not what your country can do for you; ask what you can do for your country."
Much of the roughly 14-minute speech -- the fourth-shortest inaugural address ever, but in the view of many experts rivaled only by Lincoln's -- was marked by similar sparkling phrase-making:
"Let every nation know, whether it wishes us well or ill, that we shall pay any price, bear any burden, meet any hardship, support any friend, oppose any foe, in order to assure the survival and the success of liberty."
-- "If a free society cannot help the many who are poor, it cannot save the few who are rich."
-- "Let us never negotiate out of fear. But let us never fear to negotiate."
As with "Profiles in Courage," Sorensen never claimed primary authorship of the address. Rather, he described speechwriting within Kennedy's White House as highly collaborative -- with JFK a constant kibitzer.
In April 1961, weeks into the Kennedy presidency, the Soviet Union launched the first man into orbit. Less than a month later, Alan Shepard became the first American in space with a 15-minute suborbital flight. The idea of a moon landing "caught my attention, and I knew it would catch Kennedy's," Sorensen recalled. "This is the man who talked about new frontiers. That's what I took to him."
Shortly after Shepard's landmark flight, Kennedy said: "I believe this nation should commit itself to achieving the goal, before the decade is out, of landing a man on the moon and returning him safely to Earth." U.S. astronauts met that deadline in July 1969.
Kennedy reinforced the Eisenhower administration's commitment of sending advisers to South Vietnam, but Sorensen maintained that the president, had he not been assassinated, would eventually have withdrawn American troops. Sorensen also believed that the president would have passed the civil rights legislation that successor Lyndon Johnson pushed through.
On the afternoon of Nov. 22, 1963, Sorensen was leaving his home in Arlington, Va., where he had stopped briefly after lunching with a newspaper editor, when he was summoned to the White House.
There, his secretary told him that the president had been shot in Dallas.
"Sometimes," Sorensen told an interviewer in 2006, "I still dream about him."
Sorensen's youthful worship never faded, even as he acknowledged Kennedy's extramarital affairs. "It was wrong, and he knew it was wrong, which is why he went to great lengths to keep it hidden," Sorensen wrote in his memoir. "In every other aspect of his life, he was honest and truthful, especially in his job. His mistakes do not make his accomplishments less admirable; but they were still mistakes."
Sorensen would witness a brief revival of Camelot with the presidential election of Obama, whom Sorensen endorsed "because he is more like John F. Kennedy than any other candidate of our time. He has judgment as he demonstrated in his early opposition to the war in Iraq."
A year after Obama's election, Sorensen said he was disappointed with the president's speeches, saying that Obama was "clearly well informed on all matters of public policy, sometimes, frankly, a little too well informed. And as a result, some of the speeches are too complicated for typical citizens and very clear to university faculties and big newspaper editorial boards."
Theodore Chaikin Sorensen was born in Lincoln, Neb., on May 8, 1928. His father, C.A. Sorensen, was a lawyer and a progressive politician who served as Nebraska's attorney general.
His son described the elder Sorensen as "my first hero." Growing up, Sorensen once joked, "I wasn't involved in politics at all -- until about the age of 4."
He graduated from Lincoln High, the University of Nebraska and the university's law school. At age 24, he explored job prospects in Washington, D.C., and found himself weighing offers from two newly elected senators, Kennedy of Massachusetts and fellow Democrat Henry Jackson, from Washington state.
As Sorensen recalled, Jackson wanted a PR man. Kennedy, considered the less promising politician, wanted Sorensen to poll economists and develop a plan to jump-start New England's economy.
"Two roads diverged in the Old Senate Office Building and I took the one less recommended, and that has made all the difference," Sorensen wrote in his memoir. "The truth is more prosaic: I wanted a good job."
At the 1956 Democratic National Convention, the charismatic Kennedy attracted wide attention as a candidate for vice president. He eventually withdrew, but his exposure at the convention led to a flurry of invitations to speak around the country.
During the next four years -- the de facto beginning of Kennedy's presidential run -- he and Sorensen traveled together to every state, with Sorensen juggling various jobs: scheduler, speechwriter, press rep.
"There was nothing like that three-four year period where, just the two of us, we were traveling across the United States," Sorensen told The Associated Press in 2008. "That's when I got to know the man."
After Kennedy's thousand days in the White House, Sorensen worked as an international lawyer, counting Anwar Sadat among his clients. He stayed involved in politics, joining Bobby Kennedy's presidential campaign in 1968 and running unsuccessfully for the New York Senate four years later. In 1976, President Carter nominated Sorensen for the job of CIA director, but conservative critics quickly killed the nomination, citing -- among other alleged flaws -- his youthful decision to identify himself as a conscientious objector.
Besides "Counselor," his books included "Decision Making in the White House" (1963), "Kennedy" (1965) and "The Kennedy Legacy" (1969). In 2000, Hollywood turned the Cuban missile crisis into a movie called "Thirteen Days." Actor Tim Kelleher played Sorensen.
His role, according to Sorensen? To "think and worry. ... often bent over."
Gillian Sorensen said a public memorial service would be held for her husband in about a month, but the exact date has yet to be set. She said there would be no formal funeral.
Survivors also include a daughter, Juliet Sorensen Jones, of Chicago; three sons from his first marriage, Eric Sorensen, Stephen Sorensen and Philip Sorensen, all of Wisconsin; and seven grandchildren.
Sunday, October 24, 2010
There’s a chapter in the book called, “Kick-Start Your Brain.” In it, Gallo explains that what scientists have found is that great innovators practice what’s called “association”. They look outside their industry for ideas they can apply within their organization. Steve Jobs has been doing that his whole life.
Here are two examples:
1) Gallo says Jobs’ inspiration for not having a designated cashier in the Apple Store, came from the Four Seasons hotel chain, which has a concierge;
2) When Jobs and Steve Wozniak were creating the Apple 2 computer, which became one of best selling personal computers of its time, Jobs wanted a computer people would have in their homes. But instead of looking at his competitors, he walked through the kitchen appliance isle at Macy’s for inspiration.
In that same chapter, scientists explain to Gallo that another key to kick-starting your brain and get those creative juices flowing is to try new and novel experiences that push you outside your comfort zone and push your interests.
Friday, October 22, 2010
- First, how about extending the IDR-type incentives to the whole country?
- Second, how about (here I go again) reducing the corporate and personal income tax rate to 18%?