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	<title>Victacular &#187; economics</title>
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		<title>Book Review: Chasing the Sea by Tom Bissell</title>
		<link>http://blog.vickiboykis.com/2009/07/26/book-review-chasing-the-sea-by-tom-bissell/</link>
		<comments>http://blog.vickiboykis.com/2009/07/26/book-review-chasing-the-sea-by-tom-bissell/#comments</comments>
		<pubDate>Mon, 27 Jul 2009 00:43:04 +0000</pubDate>
		<dc:creator>Vicki</dc:creator>
				<category><![CDATA[economics]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[book]]></category>
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		<category><![CDATA[Uzbekistan]]></category>
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		<guid isPermaLink="false">http://blog.vickiboykis.com/?p=871</guid>
		<description><![CDATA[There are writers.  Then there are Writers.  Tom Bissell is a Writer. Lured by an incredible spurt of nobility (or stupidity), he decided to join the Peace Corps in college and was stationed in Uzbekistan.  You know how I always talk trash about Russia?  Uzbekistan makes Russia look like the Rockville Whole Foods by comparison.  Bissell ended up not finishing his stint, hightailing it out of the country after seven months (out of a two-year assignment.)  But then, five years [...]]]></description>
			<content:encoded><![CDATA[<p></p><p><a href="http://www.amazon.com/Chasing-Sea-Ghosts-Empire-Central/dp/0375421300"><br />
</a></p>
<p><a href="http://blog.vickiboykis.com/wp-content/uploads/2009/07/8298560.jpg" rel="lightbox[871]"><img class="aligncenter size-full wp-image-873" title="8298560" src="http://blog.vickiboykis.com/wp-content/uploads/2009/07/8298560.jpg" alt="8298560" width="378" height="578" /></a></p>
<p>There are writers.  Then there are Writers.  Tom Bissell is a Writer. Lured by an incredible spurt of nobility (or stupidity), he decided to join the Peace Corps in college and was stationed in Uzbekistan.  You know how I always talk trash about Russia?  Uzbekistan makes Russia look like the Rockville Whole Foods by comparison.  Bissell ended up not finishing his stint, hightailing it out of the country after seven months (out of a two-year assignment.)  But then, five years later, he came back  to write <a href="http://www.amazon.com/Chasing-Sea-Ghosts-Empire-Central/dp/0375421300">Chasing the Sea</a>, a book whose subtitle is <em>Being a Narrative of a Journey Through Uzbekistan, Including Descriptions of LIfe Therein, Culminating with an Arrival at theAral Sea, the World&#8217;s Worst Man-Made Ecological Catastrophe, in One Volume</em>.</p>
<p>This pretty much tells you all you need to know about the book.  What I&#8217;ll add that it is incredibly rich and layered in its descriptions of Uzbek and post-Soviet culture, infused with history, geography, cultural tidbits, and Uzbek and Russian language trivia that even me, a native Russian speaker of the highest caliber (equivalent to a kindergarten-level fluency in Russian reading), would have never known in a million years.  And Bissell is an extremely, extremely talented writer.  Reading this book has launched him into my top-five authors list, which at the moment, includes <a href="http://en.wikipedia.org/wiki/Shalom_Auslander">Shalom Auslander</a>, <a href="http://en.wikipedia.org/wiki/Gary_Shteyngart">Gary Shteyngart</a>, <a href="http://en.wikipedia.org/wiki/Susanna_Clarke">Suzanna Clarke</a>, <a href="http://en.wikipedia.org/wiki/Philip_Pullman">Philip Pullman</a>, and <a href="http://en.wikipedia.org/wiki/Charles_Dickens">Charles Dickens</a>. (If you click on the last link, do not pass go, do not collect $200, and go straight back to your 9th grade English class.) (Ok, top 6.  It&#8217;s hard to choose.  And count.)</p>
<p>Bissell&#8217;s journey starts in Tashkent and sprawls through Bukhara, Gulistan, where he served his term, and Samarkand, before finally winding up at Moynaq, the town that&#8217;s the front line for the ecological disaster that is the Aral Sea (depleted to almost 1/4 its original size by Soviet means.) He does this by taking copious, copious notes at every location he visits, recreating everything in such vivid detail that you don&#8217;t need to fill out five entry visa forms to Uzbekistan or suffer from a case of The Troubles while eating <a href="http://en.wikipedia.org/wiki/Shashlik">shashlik</a>.   He is assisted by his trusty translator/local college student/perfect example of <a href="http://en.wikipedia.org/wiki/Homo_Sovieticus">homo post-Soveticus</a>, Rustam.</p>
<p>This book is everything you will ever need in a travel book, a history book, a ethnography book, and a guide to Russian swearwords and how to evade Uzbek narcotic-sniffing dogs, as well as everything you need to know about eating sheep heads.  This book is so good that it could testify in front of Congress in place of Sonia Sotomayor.  This book is so good it could roundhouse kick Chuck Norris.  This book is so good it could balance the state budget of California.  This book is so good I laughed out loud.  I never laugh out loud, except for at <a href="http://www.craigslist.org/about/best/chi/942873935.html">this craigslist ad</a>.</p>
<p>Why?  Aside from the richness of it, I LOVE the tone.  Just love it.  It&#8217;s just so cynical, so understanding of the Soviet and Uzbek culture and subtleties, and so deadpan, that every page contains a catchphrase that I bookmarked.  And it&#8217;s a library copy. Librarians, have mercy on me.  Here are a few of my favorite passages:</p>
<blockquote><p>[in <a href="http://en.wikipedia.org/wiki/Bukhara">Bukhara</a>] Our morning began as all mornings in Bukhara must, or should: drinking tea beneath the trees in the shady beauty of Lyab-i-Hauz while two ancient Uzbek raconteurs named Alisher and Alisher described life in the Old City in the 1930s and 40s and 50s and 60s and 70s and 80s and 90s.</p>
<p>[in the <a href="http://en.wikipedia.org/wiki/Tashkent">Tashkent</a> metro with Rustam] Rustam stared down at the floor.</p>
<p style="padding-left: 30px;">-You have some admirers, I whispered.  He looked up.<br />
-Over there. I said.</p>
<p>Rustam found them and smiled.  They all turned simultaneously inward, a giggling huddle.  An old babushka in a yellow hair net and dark blue stockings sitting near the girls pushed her mouth off to the side in an attempt to stifle her smirk.</p>
<p style="padding-left: 30px;">-Tashkent girls, Rustam said rhapsodically.  Theyr&#8217;e the best.  You can talk to the hottest ones.  You can even score with them, dude.  Unless they&#8217;re, like, mafiya bitches or something like this.</p>
<p style="padding-left: 30px;">-I doubt many mafiya women ride the subway though.</p>
<p style="padding-left: 30px;">-Dude, I don&#8217;t know.</p>
<p>[On a flight to the <a href="http://en.wikipedia.org/wiki/Fergana_Valley">Ferghana Valley</a>]  I turned away from the window and sipped my plastic cup of apple juice.</p>
<p style="padding-left: 30px;">-I was under the impression that you were served vodka on these local flights.</p>
<p style="padding-left: 30px;">-Vodka, Rustam asked, Nah who told you this?</p>
<p style="padding-left: 30px;">-I don&#8217;t remember.  I heard it somewhere, from someone.</p>
<p style="padding-left: 30px;">-The only people who would get vodka would be the pilots.</p>
<p style="padding-left: 30px;">-That&#8217;s comforting.</p>
<p style="padding-left: 30px;">-Just enough to relax them.</p>
<p style="padding-left: 30px;">-I&#8217;d hate for them to be nervous.</p>
<p>He looked past me out the window, slapping his knees with sudden hambone flair.</p>
<p style="padding-left: 30px;">-You&#8217;re gonna love Ferghana.  It&#8217;s like Russia, except prettier.  And I have to say, the people in Ferghana are much cooler than in the rest of the country.</p>
<p style="padding-left: 30px;">-How do you mean?</p>
<p style="padding-left: 30px;">-You know, bro.  In Ferghana we&#8217;re&#8230;mountain people?  Valley people?</p>
<p style="padding-left: 30px;">-Okay.</p>
<p style="padding-left: 30px;">-Everyone else in Uzbekistan is desert people.  Desert people are much more, like, stressed out about everything.  In the mountains you can just chill. Nothing is a big deal.  The Kyrgyz are like that.  They&#8217;re calm.  They don&#8217;t worry.</p>
<p style="padding-left: 30px;">-But isn&#8217;t Tajikistan 80% mountainous?  They didn&#8217;t seem to be very willing to chill during their civil war.</p>
</blockquote>
<p>Seriously.  Please read this book if you have any shred of decency.  Or if you just like travel books/books about Central Asia.   It starts like this,</p>
<blockquote><p>The night was hot or cold, depending on where one stood.  It was not unlike swimming in the ocean and feeling across one&#8217;s belly an amniotic warmth followed immediately by a freezing underwater gale.</p></blockquote>
<p>In the meantime, enjoy this song, a tribute to Tashkent, the capital of Uzbekistan, in its native language, Russian, of course.</p>
<p><object width="425" height="344" data="http://www.youtube.com/v/hsio-eycAV0&amp;hl=en&amp;fs=1&amp;" type="application/x-shockwave-flash"><param name="allowFullScreen" value="true" /><param name="allowscriptaccess" value="always" /><param name="src" value="http://www.youtube.com/v/hsio-eycAV0&amp;hl=en&amp;fs=1&amp;" /><param name="allowfullscreen" value="true" /></object></p>
<hr />
<p><small>© Vicki for <a href="http://blog.vickiboykis.com">Victacular</a>, 2009. |
<a href="http://blog.vickiboykis.com/2009/07/26/book-review-chasing-the-sea-by-tom-bissell/">Permalink</a> |
<a href="http://blog.vickiboykis.com/2009/07/26/book-review-chasing-the-sea-by-tom-bissell/#comments">No comment</a> |
Post tags: <a href="http://blog.vickiboykis.com/tag/book/" rel="tag">book</a>, <a href="http://blog.vickiboykis.com/tag/central-asia/" rel="tag">Central Asia</a>, <a href="http://blog.vickiboykis.com/tag/economics/" rel="tag">economics</a>, <a href="http://blog.vickiboykis.com/tag/im-in-love/" rel="tag">I'm in Love</a>, <a href="http://blog.vickiboykis.com/tag/international/" rel="tag">international</a>, <a href="http://blog.vickiboykis.com/tag/language/" rel="tag">language</a>, <a href="http://blog.vickiboykis.com/tag/music/" rel="tag">music</a>, <a href="http://blog.vickiboykis.com/tag/post-soviet/" rel="tag">post-Soviet</a>, <a href="http://blog.vickiboykis.com/tag/russia/" rel="tag">Russia</a>, <a href="http://blog.vickiboykis.com/tag/uzbekistan/" rel="tag">Uzbekistan</a>, <a href="http://blog.vickiboykis.com/tag/writing/" rel="tag">writing</a><br/>
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		<title>Sands of Saudi</title>
		<link>http://blog.vickiboykis.com/2009/06/23/sands-of-saudi/</link>
		<comments>http://blog.vickiboykis.com/2009/06/23/sands-of-saudi/#comments</comments>
		<pubDate>Wed, 24 Jun 2009 03:14:32 +0000</pubDate>
		<dc:creator>Vicki</dc:creator>
				<category><![CDATA[economics]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[book]]></category>
		<category><![CDATA[Middle East]]></category>
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		<guid isPermaLink="false">http://blog.vickiboykis.com/?p=585</guid>
		<description><![CDATA[I recently read The Desert Contract by John Lathrop. As a novel, it was ok.  I mean, it had all the things a novel needs to have: characters, plot, and setting.  The characters were so flat I could probably inflate them with a helium tank and they would still collapse like failed Macy&#8217;s floats onto the Sands of Saudi Arabia, which are featured prominently in the book.  Oh yeah, I should probably tell you that the novel is about an [...]]]></description>
			<content:encoded><![CDATA[<p></p><p>I recently read <a href="http://www.usatoday.com/news/nation/2009-06-23-metro-crash-tuesday_N.htm">The Desert Contract</a> by John Lathrop.</p>
<p><a href="http://blog.vickiboykis.com/wp-content/uploads/2009/06/us-big.jpg" rel="lightbox[585]"><img class="aligncenter size-full wp-image-586" title="us-big" src="http://blog.vickiboykis.com/wp-content/uploads/2009/06/us-big.jpg" alt="us-big" width="306" height="463" /></a></p>
<p>As a novel, it was ok.  I mean, it had all the things a novel needs to have: characters, plot, and setting.  The characters were so flat I could probably inflate them with a helium tank and they would still collapse like failed Macy&#8217;s floats onto the Sands of Saudi Arabia, which are featured prominently in the book.  Oh yeah, I should probably tell you that the novel is about an American businessman, Jack  Kemp, who is an expat selling investments in the Middle East. He&#8217;s come back from LA because the tech bubble and pretty much all of Western civilization as we know it, has popped.  So he&#8217;s back in Saudi, shilling his product. And, surprise!  By COMPLETE COINCIDENCE, he meets his lover from the first time he was in the Gulf (after the 1991 War), pretty, Irish Helen.  She&#8217;s just so Irish, you know!  She says silly words like <em>banshee</em> and greets Jack with &#8220;<em>Dia duit,</em>&#8221; because she&#8217;s always been proud of her Gaelic.  She is also anatomically perfect.  She is slender, with a column-like neck (as opposed to square,) square shoulders (as opposed to column-like,) and breasts that were full but not heavy.  Her complexion is milk-white Irish.  Three cheers for Lucky Charms!</p>
<div id="attachment_595" class="wp-caption aligncenter" style="width: 412px">
	<a href="http://blog.vickiboykis.com/wp-content/uploads/2009/06/0128760150085.jpg" rel="lightbox[585]"><img class="size-full wp-image-595" title="0128760150085" src="http://blog.vickiboykis.com/wp-content/uploads/2009/06/0128760150085.jpg" alt="Helen." width="412" height="455" /></a>
	<p class="wp-caption-text">Helen.</p>
</div>
<p>I gotta give Lathrop a break, though.  This is his first novel.  Aside from the flat characters, constant cliches, and gross oversimplification, the book is pretty good. He does have very keen powers of observation about expat life in Saudi Arabia and the Gulf in general.  In fact, Saudi Arabia is his most vibrant character in the book.   The sands, the chaos, and most of all, the glittering emptiness in the sunshine and winds of the Gulf are what infuse the novel with atmosphere.   Read it for the descriptions alone.</p>
<p>A quote from the novel to get you thinking:</p>
<blockquote><p>Her husband sat up, his eyes refocused.  &#8220;Right above us,&#8221; he said, &#8220;your next port of call.  Yousef.  Joe, as he prefers to be called.  Our upstairs neighbor.  I expect he passes himself off to you as American.  In fact he&#8217;s Iraqi.  Born in Basra.  Grew up like a Saudi in Jedda, but I suspect he&#8217;s Shia.  On the wrong side of the tracks.  Made it to the States years ago, when you were still letting in anyone, and got some kind of bogus degree.  You should be careful of him.  He&#8217;s the worst kind of Arab: half Westernized.  The kind who don&#8217;t know who they are, and don&#8217;t know the rules.  Or don&#8217;t give a damn.  They think the rules don&#8217;t apply.  The kind of Arab who&#8217;s on the fence.  And, when push comes to shove, who knows which side they&#8217;ll jump down on?&#8221;</p></blockquote>
<p>After reading about his descriptions of Al Khobar, Saudi, and the surrounding area, I couldn&#8217;t resist picture-surfing to find out more about Saudi Arabia, which I will never be allowed to visit, because I make Passover matzah from the blood of Christian babies.  Also, I&#8217;m a kvetcher.</p>
<blockquote><p>We reached the outskirts of town.  Sunken oases slipped by on each side-irregular patches of farm, rows of grayish date palms- clinging to a stunted life over a pumped-out and contaminated water table.  Finally we turned back to the coast road.</p></blockquote>
<p style="text-align: left;">Here are some pics of the locations described in the book.  Mabruk.</p>
<div id="attachment_593" class="wp-caption aligncenter" style="width: 428px">
	<a href="http://blog.vickiboykis.com/wp-content/uploads/2009/06/khobar-corniche.jpg" rel="lightbox[585]"><img class="size-full wp-image-593" title="khobar-corniche" src="http://blog.vickiboykis.com/wp-content/uploads/2009/06/khobar-corniche.jpg" alt="khobar-corniche" width="428" height="321" /></a>
	<p class="wp-caption-text">Swimming pool..or fountain.</p>
</div>
<p style="text-align: left;">
<div id="attachment_594" class="wp-caption aligncenter" style="width: 442px">
	<a href="http://blog.vickiboykis.com/wp-content/uploads/2009/06/khobar6.gif" rel="lightbox[585]"><img class="size-full wp-image-594" title="khobar6" src="http://blog.vickiboykis.com/wp-content/uploads/2009/06/khobar6.gif" alt="khobar6" width="442" height="341" /></a>
	<p class="wp-caption-text">Subtle half-crescent Islam play park</p>
</div>
<div id="attachment_598" class="wp-caption aligncenter" style="width: 441px">
	<a href="http://blog.vickiboykis.com/wp-content/uploads/2009/06/gold_alley-alkhobar4060207315.jpg" rel="lightbox[585]"><img class="size-full wp-image-598" title="gold_alley-alkhobar4060207315" src="http://blog.vickiboykis.com/wp-content/uploads/2009/06/gold_alley-alkhobar4060207315.jpg" alt="gold_alley-alkhobar4060207315" width="441" height="297" /></a>
	<p class="wp-caption-text">This is how they do Google in Al Khobar. </p>
</div>
<p style="text-align: center;">
<div id="attachment_597" class="wp-caption aligncenter" style="width: 386px">
	<a href="http://blog.vickiboykis.com/wp-content/uploads/2009/06/on_the_dhahran-al_khobar_highway.jpg" rel="lightbox[585]"><img class="size-full wp-image-597" title="on_the_dhahran-al_khobar_highway" src="http://blog.vickiboykis.com/wp-content/uploads/2009/06/on_the_dhahran-al_khobar_highway.jpg" alt="The dusty desolation of the highway" width="386" height="254" /></a>
	<p class="wp-caption-text">The dusty desolation of the highway .  Are we sure this isn&#39;t Texas? </p>
</div>
<p style="text-align: left;">
<hr />
<p><small>© Vicki for <a href="http://blog.vickiboykis.com">Victacular</a>, 2009. |
<a href="http://blog.vickiboykis.com/2009/06/23/sands-of-saudi/">Permalink</a> |
<a href="http://blog.vickiboykis.com/2009/06/23/sands-of-saudi/#comments">No comment</a> |
Post tags: <a href="http://blog.vickiboykis.com/tag/book/" rel="tag">book</a>, <a href="http://blog.vickiboykis.com/tag/middle-east/" rel="tag">Middle East</a>, <a href="http://blog.vickiboykis.com/tag/oil/" rel="tag">oil</a>, <a href="http://blog.vickiboykis.com/tag/professional-development/" rel="tag">professional development</a>, <a href="http://blog.vickiboykis.com/tag/trade/" rel="tag">trade</a>, <a href="http://blog.vickiboykis.com/tag/world/" rel="tag">world</a><br/>
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		<title>Anna Schwartz Schools Bernanke</title>
		<link>http://blog.vickiboykis.com/2009/06/14/anna-schwartz-schools-bernanke/</link>
		<comments>http://blog.vickiboykis.com/2009/06/14/anna-schwartz-schools-bernanke/#comments</comments>
		<pubDate>Mon, 15 Jun 2009 02:12:01 +0000</pubDate>
		<dc:creator>Vicki</dc:creator>
				<category><![CDATA[economics]]></category>
		<category><![CDATA[feminism]]></category>
		<category><![CDATA[doom]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Obama]]></category>

		<guid isPermaLink="false">http://blog.vickiboykis.com/?p=488</guid>
		<description><![CDATA[Cross-posted on Swifteconomics. Do you have a very sassy New York-born Jewish grandma?  Chances are, she is exactly like Anna Schwartz.  Except in addition to being sassy, Anna Schwartz is also a noted and very knowledgeable American economist, collaborating with Nobel Prize winner Milton Friedman on their seminal work about the Great Depression, A Monetary History of the United States, 1867 – 1960.   The book is very detailed and criticizes government intervention during the Great Depression and its aftermath.   You [...]]]></description>
			<content:encoded><![CDATA[<p></p><p>Cross-posted on <a href="http://www.swifteconomics.com/2009/06/14/anna-schwartz-schools-bernanke-on-fed-policy/">Swifteconomics</a>.</p>
<p>Do you have a very sassy New York-born Jewish grandma?  Chances are, she is exactly like <a href="http://en.wikipedia.org/wiki/Anna_Schwartz">Anna Schwartz</a>.  Except in addition to being sassy, Anna Schwartz is also a noted and very knowledgeable American economist, collaborating with Nobel Prize winner Milton Friedman on their seminal work about the Great Depression, <em>A Monetary History of the United States, 1867 – 1960</em>.   The book is very detailed and criticizes government intervention during the Great Depression and its aftermath.   You can  read parts of it as a Google Book<a href="http://books.google.com/books?id=P_ckFu9NpKkC&amp;dq=A+Monetary+History+of+the+United+States,+1867+%E2%80%93+1960&amp;printsec=frontcover&amp;source=bn&amp;hl=en&amp;ei=7rkzSoj1CqHBtwfZ1Pi2CQ&amp;sa=X&amp;oi=book_result&amp;ct=result&amp;resnum=7#PPR10,M1"> here</a>.  This book changed the way many people thought about monetary policy and shifted the viewpoint that looking at money activity was not important to how the economy worked.</p>
<div id="attachment_515" class="wp-caption aligncenter" style="width: 262px">
	<a href="http://blog.vickiboykis.com/wp-content/uploads/2009/06/ed-ai402_winter_dv_20081017132837.jpg" rel="lightbox[488]"><img class="size-full wp-image-515" title="ed-ai402_winter_dv_20081017132837" src="http://blog.vickiboykis.com/wp-content/uploads/2009/06/ed-ai402_winter_dv_20081017132837.jpg" alt="ed-ai402_winter_dv_20081017132837" width="262" height="394" /></a>
	<p class="wp-caption-text">Please make me some matzah ball soup.  Then school the Fed. </p>
</div>
<p style="text-align: center;">(Source: The Wall Street Journal)</p>
<p>Anna Schwartz is often not mentioned in lieu of Milton Friedman, but she contributed in equal parts to the research they conducted together.  You can see another piece they wrote, specifically focusing on the Great Depression, <a href="http://press.princeton.edu/chapters/s8754.html">here</a>. That was in 1963.  Schwartz, at 93,  is still working full-time at the National Bureau of Economic Research where she started her career in 1941.  Marketplace&#8217;s Kai Ryssdal <a href="http://marketplace.publicradio.org/display/web/2009/06/09/pm_taking_stock_q/">recently interviewed her</a> on her thoughts about the Fed&#8217;s handling of the current economic crisis.</p>
<p>She brings up some great points, on the transparency of the Fed:</p>
<blockquote><p>The market is just bewildered. Bernanke came into office insisting that the Fed would be much more transparent than it had been in the past. But I don&#8217;t believe that it&#8217;s lived up to that. If the market understood what the Fed was planning in each case, and could see a design, then I think the market would have reacted much more positively.</p></blockquote>
<p>I remember when we went to the Federal Reserve as part of a field trip with my university Economics Club (where I was the Vice President.  Don&#8217;t laugh at me,) and I got to sit in Greenspan&#8217;s chair as one of the Federal Reserve governors told us about the Reserve&#8217;s plans to become more transparent, primarily by releasing the minutes of their meetings to the public, earlier.  I remember then I was impressed, and defended the Fed&#8217;s plans toward transparency all the way to the end.  But, like Schwartz tells it, this isn&#8217;t happening.</p>
<div id="attachment_514" class="wp-caption aligncenter" style="width: 346px">
	<a href="http://blog.vickiboykis.com/wp-content/uploads/2009/06/fedchair.jpg" rel="lightbox[488]"><img class="size-full wp-image-514" title="fedchair" src="http://blog.vickiboykis.com/wp-content/uploads/2009/06/fedchair.jpg" alt="fedchair" width="346" height="384" /></a>
	<p class="wp-caption-text">Ballin&#39; hard in Greenspan&#39;s chair</p>
</div>
<p>As many economists know, transparency is key to free market functionality, and essentially, the big problem that brought down credit default swaps: no one knew what was going on with them, hence, they couldn&#8217;t be valued correctly.</p>
<p>She also is not happy at all with what Bernanke is doing:</p>
<blockquote><p><strong class="name">Ryssdal:</strong> It sounds like you&#8217;re frustrated with Chairman Bernanke and the White House, that they maybe haven&#8217;t learned the lessons of history that you and Milton Friedman wrote about.</p>
<p><strong class="name">SCHWARTZ:</strong> Well, I think that that&#8217;s a fair statement. Considering Bernanke&#8217;s background, you would have expected a much more, should I say a tidy kind of performance by the Federal Reserve. Seemed to be something that was ad hoc and introduced without considering all the implications.</p></blockquote>
<p>It&#8217;s one thing when TV pundits that don&#8217;t know much about economic policy criticize or praise government actions to reverse the recession.  It&#8217;s another when you are schooled by someone who could be your grandma, if your grandma had a Ph.D. in economics and was one of the foremost monetary policy analysts in the world.</p>
<hr />
<p><small>© Vicki for <a href="http://blog.vickiboykis.com">Victacular</a>, 2009. |
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		<title>Book Review: Turkmeniscam</title>
		<link>http://blog.vickiboykis.com/2009/06/04/book-review-turkmeniscam/</link>
		<comments>http://blog.vickiboykis.com/2009/06/04/book-review-turkmeniscam/#comments</comments>
		<pubDate>Thu, 04 Jun 2009 22:33:26 +0000</pubDate>
		<dc:creator>Vicki</dc:creator>
				<category><![CDATA[books]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[international]]></category>
		<category><![CDATA[book]]></category>
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		<category><![CDATA[development]]></category>
		<category><![CDATA[Eurasia]]></category>

		<guid isPermaLink="false">http://blog.vickiboykis.com/?p=457</guid>
		<description><![CDATA[I don&#8217;t know about you, but I always love a good story about how the U.S. government screws over its constituents. Turkmeniscam by Ken Silverstein (journalist and fellow Jew) promises such a story and delivers with style. The subtitle, &#8220;How Washington Lobbyists Fought to Flack for a Stalinist Dictatorship,&#8221; says it all. The amount of corruption that Silverstein uncovers in the United States government is alarming.  He starts with the background of the fallout against Jack Abramoff and other lobbyists [...]]]></description>
			<content:encoded><![CDATA[<p></p><p>I don&#8217;t know about you, but I always love a good story about how the U.S. government screws over its constituents. <a href="http://www.amazon.com/Turkmeniscam-Washington-Lobbyists-Stalinist-Dictatorship/dp/140006743X">Turkmeniscam by Ken Silverstein</a> (journalist and fellow Jew) promises such a story and delivers with style. The subtitle, &#8220;How Washington Lobbyists Fought to Flack for a Stalinist Dictatorship,&#8221;  says it all.</p>
<p><a href="http://blog.vickiboykis.com/wp-content/uploads/2009/06/turkmeniscam_350.jpg" rel="lightbox[457]"><img class="aligncenter size-full wp-image-458" title="turkmeniscam_350" src="http://blog.vickiboykis.com/wp-content/uploads/2009/06/turkmeniscam_350.jpg" alt="turkmeniscam_350" width="260" height="396" /></a></p>
<p>The amount of corruption that Silverstein uncovers in the United States government is alarming.  He starts with the background of the fallout against Jack Abramoff and other lobbyists in the fall of 2006, and goes on to explore the ultrashady relationship between, specifically, international lobbyists willing to shill dictatorships for large amounts of money.</p>
<p>He writes,</p>
<blockquote>
<p style="text-align: left;">When one flips through the pages of the [U.S. government's annual survey of global human rights in March 2007], it becomes apparent that many of the countries most severly criticized for human rights abuses had fon from the Bush administration foreign aid, military assistance, adn expanded trade opportunities.  A number of leaders from these countries have also won coveted White House visits, and accompanying photo ops with Bush or other senior officials.</p>
</blockquote>
<p style="text-align: left;">This reaches back much further than the Bush administration, however, and lobbyists and legislators have become inextricably intertwined in government, bonded together by billions of dollars and mutual owed favors.</p>
<p style="text-align: left;">Silverstein offers several things from his book:  1) An explanation of how lobbying firms work and how they curry favor with the government 2) A history of how such activities come to be and, most fascinating, 3)an expose.  He infiltrates two very prestigious Washington, D.C. international lobbying firms, pretending to be a shadowy proxy company, The Maldon Group, which has geopolitical interests in Turkmenistan, a government renowned for its brutality. His goal is to get the groups to lobby and create favor for positive trade relations between Turkmenistan and the United States, without having the groups ask too many questions.</p>
<p style="text-align: left;">Some of my favorite descriptions of Turkmenistan by Silverstein, who clearly has done meticulous research in planning this book, are those of its past psycho dictator, <a href="http://en.wikipedia.org/wiki/Saparmurat_Niyazov">Sapurmarat Niyazov</a>:</p>
<blockquote>
<p style="text-align: left;">When he was crowned as President-for-Life, Niyazov was presented with a white robe and a palm staff, traditional symbols of the Prophet Mohammed.  Not long afterward, he declared himself a &#8220;national prophet&#8230;</p>
<p style="text-align: left;">To spread his own pearls of personal and spiritual wsdom, Niyazov penned the Ruhnama, which was described on its official website as being &#8220;on par with the Bible and the Koran.&#8221;  Ruhnama is the veil of the Turkmen people&#8217;s face and soul, wrote Niyazov in the first chapter&#8230;..September was renamed Ruhnama under the Turkmenbashi, and Saturday was renamed the Day of the Mind, and henceforth was devoted to reading his masterwork.</p>
</blockquote>
<p>What&#8217;s worse is that, aside from these comic incidents, Niyazov pretty much killed a bunch of people and made his personality cult worse than anything Stalin could have concocted.</p>
<p>Silverstein goes on to say that he would be able to pay $10 million, which gets him not only enormous exposure to Congressmen, who, plied by lobbying firm favors, would be more willing to also promote Turkmenistan, but to think tanks and jorunalists who might promote Turkmenistan in favorable, clearly-biased articles, purchased by money that goes around and around in government.</p>
<p>I&#8217;ll ruin the end for you and say that two lobbying firms agreed to represent him in his mission to bring Turkmenistan into a positive light, but the process of going through to research firms and how they prop up rouge governments is what is most important in this book. It&#8217;s a book that, like <a href="http://www.amazon.com/Confessions-Economic-Hit-John-Perkins/dp/1576753018">Confessions of an Economic Hitman</a>, really opened my eyes to the way international wheeling and dealing, and the fact that those who lobby for dictatorial regimes justify their actions by saying they are no worse than lawyers who represent clients that may be guilty.</p>
<p style="text-align: left;">
<p style="text-align: left;">
<hr />
<p><small>© Vicki for <a href="http://blog.vickiboykis.com">Victacular</a>, 2009. |
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		<title>You Can Never Go Home Again: Reverse Immigration</title>
		<link>http://blog.vickiboykis.com/2009/06/02/you-can-never-go-home-again-reverse-immigration/</link>
		<comments>http://blog.vickiboykis.com/2009/06/02/you-can-never-go-home-again-reverse-immigration/#comments</comments>
		<pubDate>Tue, 02 Jun 2009 19:35:13 +0000</pubDate>
		<dc:creator>Vicki</dc:creator>
				<category><![CDATA[economics]]></category>
		<category><![CDATA[identity]]></category>
		<category><![CDATA[international]]></category>
		<category><![CDATA[Africa]]></category>
		<category><![CDATA[development]]></category>

		<guid isPermaLink="false">http://blog.vickiboykis.com/?p=422</guid>
		<description><![CDATA[The Washington Post recently had a great article on reverse immigration, where immigrants to the United States go back to their home countries because of the hectic pace of life.  I wouldn&#8217;t call Africa the promise land, mostly because I am kind of scared of the HIV.  Also, I just like saying the HIV.  Even though, obviously, not everywhere in Africa has the HIV.  Only the populated parts have (the HIV). The article states, He wanted a healthier lifestyle for [...]]]></description>
			<content:encoded><![CDATA[<p></p><p>The Washington Post recently had a <a href="http://www.washingtonpost.com/wp-dyn/content/article/2009/05/25/AR2009052502313.html?nav=rss_email/components">great article on reverse immigration</a>, where immigrants to the United States go back to their home countries because of the hectic pace of life.  I wouldn&#8217;t call Africa the promise land, mostly because I am kind of scared of the HIV.  Also, I just like saying the HIV.  Even though, obviously, not everywhere in Africa has the HIV.  Only the populated parts have (the HIV).</p>
<p>The article states,</p>
<blockquote><p>He wanted a healthier lifestyle for his family, less anxiety, fewer 14-hour days. So he recently traded his deluxe apartment, the pickup truck, the dishwasher and $4.99 McDonald&#8217;s combos for life in a place he considers relatively better: sub-Saharan Africa.</p>
<p>&#8220;Right now I&#8217;m no stress, no anxiety,&#8221; said Odhiambo, 34, relaxing in his family home in this western Kenyan city along the shores of Lake Victoria. &#8220;Think of it this way: When I was in the U.S., I was close to 300 pounds. Now, I&#8217;m like 200. The biggest thing for me was quality of life.&#8221;</p></blockquote>
<p>It&#8217;s not certain whether Odhiambo weighs less because the quality of food in Africa is better than in the United States (a topic I lightly grazed in my recent <a href="http://blog.vickiboykis.com/?p=432">post on Nutella</a>,) or  because there is no food in Africa.   Either way, it seems like reverse immigration was a positive experience for this family.</p>
<p>Keeping up with experts in reverse immigration (and by experts, I just mean, <a href="http://neoindian.org/">Neo Indian</a>, who writes about living again in India and eating mangoes at the rate of 5 per day,) I surmise that this process is close to impossible for most.</p>
<p>Reverse immigration is hard, mostly because of the reverse culture shock you experience that validates the saying, &#8220;You can never go home again.&#8221;  My main citations for this experience is A) My parents&#8217; recollections of their visits to Russia versus the nostalgia they always describe about the country and B) My own experiences going back to Russia, where, in an effort to nostalgically return to the apartment building we used to live in,  I was almost bitten by wild/stray dogs.</p>
<p>In the spirit of thinking about going back to mother countries, here is a list of things my parents regularly announce that they would not be able to live with if they had to go back to Russia.  They play this hypothetical game quite often, as if NKVD agents are already at their door and telling them to pack their suitcases.  They are usually very gleeful and smug when they play this game.</p>
<ul>
<li>The constant red tape and the bribery</li>
<li>The cover that all businesses have to pay to the Mafia to keep going</li>
<li>The fact that I would not be able to have as many opportunities for education</li>
<li>The public bathrooms</li>
<li>The use of the sides of public buildings as public bathrooms</li>
</ul>
<p>and, for my mom, the bonus round:</p>
<ul>
<li>the anti-Semitism</li>
</ul>
<p>Returning is always different, but unfortunately for this economist, it&#8217;s not something that can be quantified.  It&#8217;s the different feel of a courtyard, the way the walls look smaller, and the way the food doesn&#8217;t taste as sharp.  I&#8217;ve been thinking about reverse immigration in the context of this article, and the best  way to describe, at least in terms of returning to Russia,  it is via <em>Est/Ouest</em>, one of my favorite movies, where a Russian emigre from Paris heeds Stalin&#8217;s call for Russians to repatriate and rebuild the mother country.  As can be expected, everyone is screwed over, and there is death.  Death is a favorite theme for Russians.   Unfortunately, this Russian death/screwing over takes place only in French in the Youtube because I couldn&#8217;t find one with English subtitles.  Apologies in advance.</p>
<p><object width="425" height="344" data="http://www.youtube.com/v/daG--eMgbv0&amp;hl=en&amp;fs=1&amp;color1=0x006699&amp;color2=0x54abd6" type="application/x-shockwave-flash"><param name="allowFullScreen" value="true" /><param name="allowscriptaccess" value="always" /><param name="src" value="http://www.youtube.com/v/daG--eMgbv0&amp;hl=en&amp;fs=1&amp;color1=0x006699&amp;color2=0x54abd6" /><param name="allowfullscreen" value="true" /></object></p>
<p>One of the comments on the You Tube video is also accurate,</p>
<p>welcome to the motherland&#8230;.Biaaach! *bang!*</p>
<hr />
<p><small>© Vicki for <a href="http://blog.vickiboykis.com">Victacular</a>, 2009. |
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		<title>Vicki goes to the World Bank</title>
		<link>http://blog.vickiboykis.com/2009/05/30/vicki-goes-to-the-world-bank/</link>
		<comments>http://blog.vickiboykis.com/2009/05/30/vicki-goes-to-the-world-bank/#comments</comments>
		<pubDate>Sun, 31 May 2009 02:44:51 +0000</pubDate>
		<dc:creator>Vicki</dc:creator>
				<category><![CDATA[Career]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[international]]></category>
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		<guid isPermaLink="false">http://blog.vickiboykis.com/?p=437</guid>
		<description><![CDATA[This week, I had lunch at the World Bank. It was AWESOME. Since I love international politics, international economics, and pretty much international anything (international Nutella), me going to lunch at the World Bank is like a hypochondriac being invited to tour the Centers for Disease Control. From the moment I set foot in the door, I instantly forgot about the concern and criticism surrounding the effectiveness of the Bank&#8217;s programs (found here, here, and here.)  I was in awe.  [...]]]></description>
			<content:encoded><![CDATA[<p></p><p>This week, I had lunch at the World Bank. It was AWESOME.</p>
<p>Since I love international politics, international economics, and pretty much international anything (international <a href="http://blog.vickiboykis.com/?p=432">Nutella</a>), me going to lunch at the World Bank is like a hypochondriac being invited to tour the Centers for Disease Control.</p>
<p>From the moment I set foot in the door, I instantly forgot about the concern and criticism surrounding the effectiveness of the Bank&#8217;s programs (found <a href="http://www.dambisamoyo.com/">here</a>, <a href="http://www.forbes.com/global/2001/1126/024.html">here</a>, and <a href="http://en.wikipedia.org/wiki/Confessions_of_an_Economic_Hit_Man">here</a>.)  I was in awe.  There was artwork from around the world.  You could go to different lectures, about Iraq or water security, or any other international development topic you could think of.  People walked around in both suits and kimonos.  (Well, ok, not kimonos, but they were dressed pretty awesome-ly.)</p>
<div id="attachment_438" class="wp-caption aligncenter" style="width: 480px">
	<a href="http://blog.vickiboykis.com/wp-content/uploads/2009/05/0527091317.jpg" rel="lightbox[437]"><img class="size-full wp-image-438" title="0527091317" src="http://blog.vickiboykis.com/wp-content/uploads/2009/05/0527091317.jpg" alt="0527091317" width="480" height="360" /></a>
	<p class="wp-caption-text">Near the courtyard in the middle is a fountain (but no Oompa Loompas)</p>
</div>
<p>Not only was the building gorgeous, but the thrill of being surrounded by so many people doing so many different things in the realm of international economics was very exciting, not only on a personal, but also on a professional level.  Even though D.C. is the best place to build your career if you are trying to be an international economic expert, I should admit I haven&#8217;t tried my hardest to network and join the community, the biggest reason being that it might be possible for me to move to Philadelphia in the (near?) future, reducing that opportunity and severing ties significantly.  A dilemma I always have is whether I should work on building my network here and now given that I might not be here to leverage it in the future.</p>
<div id="attachment_440" class="wp-caption aligncenter" style="width: 480px">
	<a href="http://blog.vickiboykis.com/wp-content/uploads/2009/05/0527091316.jpg" rel="lightbox[437]"><img class="size-full wp-image-440" title="0527091316" src="http://blog.vickiboykis.com/wp-content/uploads/2009/05/0527091316.jpg" alt="0527091316" width="480" height="360" /></a>
	<p class="wp-caption-text">Beautiful hallway with paintings along it</p>
</div>
<p style="text-align: left;">Although I couldn&#8217;t help thinking that the building and all of the artwork was paid for partly with <a href="http://www.globalissues.org/article/35/us-and-foreign-aid-assistance">American tax dollars</a>, it was a real  treat. The sushi was delicious, too.</p>
<div id="attachment_443" class="wp-caption aligncenter" style="width: 480px">
	<a href="http://blog.vickiboykis.com/wp-content/uploads/2009/05/0527091315.jpg" rel="lightbox[437]"><img class="size-full wp-image-443" title="0527091315" src="http://blog.vickiboykis.com/wp-content/uploads/2009/05/0527091315.jpg" alt="0527091315" width="480" height="360" /></a>
	<p class="wp-caption-text">Blurry pictures don&#39;t do it justice</p>
</div>
<p style="text-align: left;">I&#8217;m going to have to come back to further investigate.  The sushi situation.</p>
<div id="attachment_444" class="wp-caption aligncenter" style="width: 360px">
	<a href="http://blog.vickiboykis.com/wp-content/uploads/2009/05/0527091256a.jpg" rel="lightbox[437]"><img class="size-full wp-image-444" title="0527091256a" src="http://blog.vickiboykis.com/wp-content/uploads/2009/05/0527091256a.jpg" alt="0527091256a" width="360" height="480" /></a>
	<p class="wp-caption-text">This sushi massacre clearly deserves the implementation of economic sanctions.</p>
</div>
<p style="text-align: center;">
<p style="text-align: left;">
<hr />
<p><small>© Vicki for <a href="http://blog.vickiboykis.com">Victacular</a>, 2009. |
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		<title>One of these Nutellas is not like the other</title>
		<link>http://blog.vickiboykis.com/2009/05/27/one-of-these-nutellas-is-not-like-the-other/</link>
		<comments>http://blog.vickiboykis.com/2009/05/27/one-of-these-nutellas-is-not-like-the-other/#comments</comments>
		<pubDate>Thu, 28 May 2009 02:05:10 +0000</pubDate>
		<dc:creator>Vicki</dc:creator>
				<category><![CDATA[economics]]></category>
		<category><![CDATA[Europe]]></category>
		<category><![CDATA[international]]></category>
		<category><![CDATA[Nutella]]></category>

		<guid isPermaLink="false">http://blog.vickiboykis.com/?p=432</guid>
		<description><![CDATA[Nutella is my crack.  I like to run laps just so I can eat Nutella.  I&#8217;m a slave to the hazelnut.  So, when I was eating Nutella out of the jar with a butter knife, shamelessly  the other day, I noticed something.  Take a look.  Do you see it? No, it&#8217;s not the fact that I hoard Nutella jars like a crackhead. One of the jars, I bought in an American grocery store, made for the American market and one [...]]]></description>
			<content:encoded><![CDATA[<p></p><p>Nutella is my crack.  I like to run laps just so I can eat Nutella.  I&#8217;m a slave to the hazelnut.  So, when I was eating Nutella out of the jar with a butter knife, shamelessly  the other day, I noticed something.  Take a look.  Do you see it?</p>
<p style="text-align: left;"><a href="http://blog.vickiboykis.com/wp-content/uploads/2009/05/dsc01510.jpg" rel="lightbox[432]"><img class="aligncenter size-full wp-image-433" title="dsc01510" src="http://blog.vickiboykis.com/wp-content/uploads/2009/05/dsc01510.jpg" alt="dsc01510" width="492" height="369" /></a></p>
<p style="text-align: left;">No, it&#8217;s not the fact that I hoard Nutella jars like a crackhead.</p>
<p style="text-align: left;">One of the jars, I bought in an American grocery store, made for the American market and one of the jars I bought in a Russian grocery store, made for the Polish market but for some reason being sold in Northeast Philadelphia.  Do you see the difference? Can you guess which is which?</p>
<p style="text-align: center;"><a href="http://blog.vickiboykis.com/wp-content/uploads/2009/05/dsc01511.jpg" rel="lightbox[432]"><img class="aligncenter size-full wp-image-434" title="dsc01511" src="http://blog.vickiboykis.com/wp-content/uploads/2009/05/dsc01511.jpg" alt="dsc01511" width="526" height="396" /></a></p>
<p style="text-align: left;">Yup, the European one is much smaller.   Figures.  But why?  Everyone knows French women don&#8217;t get fat. Why can&#8217;t we have the same serving sizes in the United States?  Is it a combination of culture plus some sort of economic benefits of economies of scale of producing larger jars of Nutella?   Is it because Europe itself is smaller, lending to smaller houses and smaller portion sizes?</p>
<p style="text-align: left;">Leave your thoughts in the comments.</p>
<hr />
<p><small>© Vicki for <a href="http://blog.vickiboykis.com">Victacular</a>, 2009. |
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		<title>Economics links roundup for Friday</title>
		<link>http://blog.vickiboykis.com/2009/05/22/economics-links-roundup-for-friday/</link>
		<comments>http://blog.vickiboykis.com/2009/05/22/economics-links-roundup-for-friday/#comments</comments>
		<pubDate>Fri, 22 May 2009 17:52:40 +0000</pubDate>
		<dc:creator>Vicki</dc:creator>
				<category><![CDATA[economics]]></category>
		<category><![CDATA[friday links]]></category>
		<category><![CDATA[international]]></category>

		<guid isPermaLink="false">http://blog.vickiboykis.com/?p=409</guid>
		<description><![CDATA[Too much good stuff going on this week to write about in detail 1.  Russian gas lines and Ukraine: an economics and political struggle 2.  Eurozone data shows economy is bottoming out 3.  Japan, on the other hand, is doing horrible 4. The dollar redesign project Web 2.0-izes the US dollar Have a good weekend, all! © Vicki for Victacular, 2009. &#124; Permalink &#124; No comment &#124; Post tags: economics, international]]></description>
			<content:encoded><![CDATA[<p></p><p>Too much good stuff going on this week to write about in detail</p>
<p>1. <a href="http://www.economist.com/world/europe/displaystory.cfm?story_id=13687694&amp;fsrc=rss"> Russian gas lines and Ukraine</a>: an economics and political struggle</p>
<p>2.  <a href="http://online.wsj.com/article/SB124289711446042721.html">Eurozone data</a> shows economy is bottoming out</p>
<p>3.  Japan, <a href="http://www.forbes.com/feeds/afx/2009/05/20/afx6449487.html">on the other hand</a>, is doing horrible</p>
<p>4. The <a href="http://ministryoftype.co.uk/words/article/the_dollar_redesign_project/">dollar redesign project </a>Web 2.0-izes the US dollar</p>
<p>Have a good weekend, all!</p>
<hr />
<p><small>© Vicki for <a href="http://blog.vickiboykis.com">Victacular</a>, 2009. |
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		<title>Let&#8217;s legalize prostitution and have a party!</title>
		<link>http://blog.vickiboykis.com/2009/05/13/lets-legalize-prostitution-and-have-a-party/</link>
		<comments>http://blog.vickiboykis.com/2009/05/13/lets-legalize-prostitution-and-have-a-party/#comments</comments>
		<pubDate>Thu, 14 May 2009 02:35:28 +0000</pubDate>
		<dc:creator>Vicki</dc:creator>
				<category><![CDATA[economics]]></category>
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		<category><![CDATA[international]]></category>
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		<description><![CDATA[I&#8217;ve been having this conversation with several people over the past week or so.  That&#8217;s why it&#8217;s important to get this off my chest (no pun intended.)  Prostitution should be legalized. There are several reasons I take this position (again, no pun-oh, never mind.)  Most of them can be found here,along with a link to the Sex Workers Alliance of Vancouver.  Oh, Canadians. Here&#8217;s a main line from the legalization of prostitution in Sweden: According to this Web site for [...]]]></description>
			<content:encoded><![CDATA[<p></p><p>I&#8217;ve been having this conversation with several people over the past week or so.  That&#8217;s why it&#8217;s important to get this off my chest (no pun intended.)  Prostitution should be legalized.</p>
<p><a href="http://blog.vickiboykis.com/wp-content/uploads/2009/05/male_prostitute1.png" rel="lightbox[342]"><img class="aligncenter size-full wp-image-343" title="male_prostitute1" src="http://blog.vickiboykis.com/wp-content/uploads/2009/05/male_prostitute1.png" alt="male_prostitute1" width="298" height="266" /></a></p>
<p>There are several reasons I take this position (again, no pun-oh, never mind.)  Most of them can be found <a href="http://www.csun.edu/~psy453/prosti_y.htm">here</a>,along with a link to the <a href="http://www.walnet.org/csis/groups/swav/swav.html">Sex Workers Alliance of Vancouver</a>.  Oh, Canadians.</p>
<p>Here&#8217;s a main line from the <a href="http://www.slate.com/id/2186243/pagenum/all/#p2">legalization of prostitution</a> in Sweden:</p>
<blockquote><p><a href="http://www.justicewomen.com/cj_sweden.html" target="_blank">According to this Web site</a> for the Women&#8217;s Justice Center, Sweden&#8217;s way of doing things is a big success. &#8220;In the capital city of Stockholm the number of women in street prostitution has been reduced by two thirds, and the number of johns has been reduced by 80%.&#8221; Trafficking is reportedly down to 200 to 400 girls and women a year, compared with 15,000 to 17,000 in nearby Finland. Max Waltman, a doctoral candidate in Stockholm who is studying the country&#8217;s prostitution laws, says that those stats hold up. He also said the police are actually going after the johns as ordered: In 2006, more than 150 were convicted and fined. (That might not sound like many, but then Sweden has a population of only 9 million.)</p></blockquote>
<p>Basically, criminalizing an activity only makes it go underground.  Case in point: drugs.  Places where prostitution is legal, such as the Netherlands, even have laws to help with health care for prostitutes. Let&#8217;s waste our time on more salient issues, like, oh, I don&#8217;t know, how <a href="http://www.youtube.com/watch?v=-BIsD1P0I9A">horrible Israel&#8217;s Eurovision entry is</a>.</p>
<p>Finally, this doesn&#8217;t have to do with pro-legalization or not, but here is the <a href="economics.uchicago.edu/pdf/Prostitution%205.pdf">most thorough economic study of prostitution</a> I have seen to date. The poor grad students who compiled the sample data.</p>
<blockquote><p>Combining transaction-level data on street prostitutes with ethnographic observation and<br />
official police force data, we analyze the economics of prostitution in Chicago.<br />
Prostitution, because it is a market, is much more geographically concentrated than other<br />
criminal activity.  Street prostitutes earn roughly $25-$30 per hour, roughly four times<br />
their hourly wage in other activities, but this higher wage represents relatively meager<br />
compensation for the significant risk they bear.</p></blockquote>
<hr />
<p><small>© Vicki for <a href="http://blog.vickiboykis.com">Victacular</a>, 2009. |
<a href="http://blog.vickiboykis.com/2009/05/13/lets-legalize-prostitution-and-have-a-party/">Permalink</a> |
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		<title>Heart of DeBeers: Conflict Diamonds and Kanye</title>
		<link>http://blog.vickiboykis.com/2009/05/05/heart-of-debeers-conflict-diamonds-and-kanye/</link>
		<comments>http://blog.vickiboykis.com/2009/05/05/heart-of-debeers-conflict-diamonds-and-kanye/#comments</comments>
		<pubDate>Wed, 06 May 2009 01:38:07 +0000</pubDate>
		<dc:creator>Vicki</dc:creator>
				<category><![CDATA[economics]]></category>
		<category><![CDATA[international]]></category>
		<category><![CDATA[development]]></category>
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		<description><![CDATA[Put this video on play in the background as you read the post: It says a lot about a post when Kanye&#8217;s involved right off the bat. I just saw Blood Diamond.  I thought it was a great movie, and obviously a great segue into talking about the worldwide diamond industry. There have already been a lot of important things said about this movie and about conflict diamonds.  Here&#8216;s one.  Here&#8216;s another.  And here&#8217;s a third.  For those not in [...]]]></description>
			<content:encoded><![CDATA[<p></p><p>Put this video on play in the background as you read the post:</p>
<p><object width="425" height="344" data="http://www.youtube.com/v/Do3iJ6DWvpQ&amp;hl=en&amp;fs=1&amp;color1=0x006699&amp;color2=0x54abd6" type="application/x-shockwave-flash"><param name="allowFullScreen" value="true" /><param name="allowscriptaccess" value="always" /><param name="src" value="http://www.youtube.com/v/Do3iJ6DWvpQ&amp;hl=en&amp;fs=1&amp;color1=0x006699&amp;color2=0x54abd6" /><param name="allowfullscreen" value="true" /></object></p>
<p>It says a lot about a post when Kanye&#8217;s involved right off the bat.</p>
<p>I just saw <em>Blood Diamond</em>.  I thought it was a great movie, and obviously a great segue into talking about the worldwide diamond industry.</p>
<p>There have already been a lot of important things said about this movie and about conflict diamonds.  <a href="http://www.un.org/peace/africa/Diamond.html">Here</a>&#8216;s one.  <a href="http://www.nj.com/insidejersey/index.ssf/2009/04/cut_color_carat_and_a_clear_co.html">Here</a>&#8216;s another.  And <a href="http://allafrica.com/stories/200904241019.html">here&#8217;s </a>a third.  For those not in the know, conflict diamonds are stones purchased to fuel civil war in Africa or other hotspots.  In return for money, guns, and ammunition to fight civil wars, smugglers sell diamonds into the prestegious houses in Amsterdam and London.  I hate how the world works in <em>Blood Diamond</em> (according to stuff that I&#8217;ve read, close to real life, as well.)  I love how clearly it shows economic trends.</p>
<p>Any country that has natural resources falls prey to what is called the natural resource curse.  I wrote a little bit about this in <a href="vkorchagin.googlepages.com/KORCHAGINFINAL.pdf ">my undergraduate economic honors thesis</a> with resepct to Russia and its oil industry.  Any country that has an abundance of natural resources, as Sierra Leone does, tends to have less economic growth than countries with more resources.  The reason behind this is that the government often becomes corrupt and mismanages the resources.  Additionally, price volatility comes into play.  Natural resources, particularly petrolum, are always in price flux.  When countries base their revenue models on these resources, they tend to collapse, as Russian oil prices are doing now.</p>
<p>What was shown in Blood Diamond is the mismanagement by the government, but not the price instability.  The reason that diamonds always cost so much is, that, as DiCaprio&#8217;s character explained, the jewlery houses hoard them to artificially inflate demand in a classic case of a centrally-planned industry economy.  The reality is that there are more diamonds in the world than stars in the sky.  This was known as early as the 1980s, when Epstien wrote a <a href="http://www.notbeaten.com/downloads/docs/Have_You_Ever_Tried_To_Sell_A_Diamond.pdf">huge article about it in The Atlantic</a>.</p>
<blockquote><p>&#8220;The creation of the idea that diamonds are rare and valuable, and are essential signs of  esteem is a relatively recent development in the history of the diamond trade.&#8221;</p>
<p>De Beers proved to be the most successful cartel arrangement in the annals of modern commerce. While other  commodities, such as gold, silver, copper, rubber, and grains, fluctuated wildly in response to economic  conditions, diamonds have continued, with few exceptions, to advance upward in price every year since the  Depression. Indeed, the cartel seemed so superbly in control of prices &#8212; and unassailable &#8212; that, in the late  1970s, even speculators began buying diamonds as a guard against the vagaries of inflation and recession. &#8220;</p></blockquote>
<p style="text-align: left;">As a result of the negative press the movie has gotten and the movement of conscious consumers towards other diamonds options, such as not diamonds, <a href="http://www.im-mining.com/2008/10/12/diamond-supply-pressures-globally-offset-by-firming-prices-for-now/">diamond demand is finally starting</a> to come down.</p>
<blockquote>
<p style="text-align: left;">“This is being supported by diamond jewellery sales &#8211; particularly in the US which accounts for half the world’s diamond jewellery sales &#8211; but understandably, there is some nervousness about the key buying period coming up between Thanksgiving and Christmas,” he said. “However, there will be some gradual increases in supply over the next four years. This may see some price decline from next year ranging from 10% to 20% in 2009 as production levels rise and market demand remains low around current growth rates compared to 8.5% in recent years.” About $76 billion worth of diamonds are sold at the retail level each year.</p>
</blockquote>
<p style="text-align: left;">Seventy-six billion dollars worth of diamonds.  That&#8217;s as much as 45% of Obama&#8217;s stimulus package.  How much of those diamonds are purchased conflict-related?  The Kimberly process, a certification process put in place to guard against buying conflict diamonds.  But how effective is it?  Some jewllers claim that conflict diamonds only now number 1% of total cut diamond sales.  That&#8217;s only $760 million dollars a year.   It is working to <a href="http://www.diamonds.net/news/NewsItem.aspx?ArticleID=26039">some extent</a>, though:</p>
<blockquote>
<p style="text-align: left;"><span id="ctl00_ContentPlaceHolderMainContent_lblBody">Rough diamonds worth $800,000 were reportedly seized by customs officials two weekends ago at JFK Airport, after the jewelers carrying the stones failed to produce the required documentation for the gems. Two U.S. jewelers, who arrived from Sierra Leone by way of London, were caught with 28 rough diamonds that weighed a total of 1,200 carats, according to a report by NBC New York. The diamonds were headed for Brentwood, New York, the report noted. </span></p>
</blockquote>
<p style="text-align: left;"><span>But really, after seeing the movie, I have to wonder how effective paperwork is in the Third World.  Agencies fail there all time where survival instincts kick in.  It&#8217;s one thing to be looking at a research paper in New York.  It&#8217;s another to be in the diamond mines in Africa when you have a family to feed and a gun to your head.  Us white people always think we can change the world.  We donate to Kiva, we aspire to belong to the World Bank, and we pass around e-mails that warn friends and family not to buy this or that.  But honestly, how much are we doing?</span></p>
<p style="text-align: left;"><span>Case in point: Me.  I was always against conflict diamonds.  I was against diamonds, period, because I am a Liberated Woman who does Not Need a Man for Anything*.  Actually, I wanted a recycled 1920s diamond.  I honestly did not want anything that costs more than $500 because I lose jewelry like the Bubonic plague.  Case in point?  I&#8217;ve already lost two wedding rings: my mom&#8217;s (first grade show-and-tell), and my own (at the gym.)  I&#8217;ve also lost countless necklaces and bracelets.    So, needless to say, I was extremely nervous about having an engagement ring.  When the time came, though, I started wanting a diamond.  Because, obviously, everyone had one.  And oh wow I would look good.  Lucky for me, Mr. B is quite a progressive guy.  Not only did he get me a conflict-free certified diamond, but it was also processed in Israel.  It makes it that much more meaningful for me every time I look at it that Moshe or Ze&#8217;ev  processed it in T&#8221;A just for me. </span></p>
<p style="text-align: left;"><span>Back to the point.  We all say we don&#8217;t like conflict diamonds on principle.  But really, it&#8217;s impossible to implement, and until American women (myself included) stop being brainwashed by advertising.  And that&#8217;s really easy to say, too.  Because we all think we won&#8217;t be, and then we are.  So, really, I guess the first baby step is awareness.  Stop buying into Tiffany&#8217;s.  And if you have to have diamonds?  <a href="http://www.cbc.ca/news/background/diamonds/">Buy Canadian</a>.   Because until demand falls, it&#8217;ll all just be a huge game of numbers. </span></p>
<p style="text-align: left;"><span>*except opening pickle jars<br />
</span></p>
<blockquote></blockquote>
<hr />
<p><small>© Vicki for <a href="http://blog.vickiboykis.com">Victacular</a>, 2009. |
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