Period.
That is all.
This is not one of the Pentagon protesters but you get the idea.
Showing posts with label truthisms. Show all posts
Showing posts with label truthisms. Show all posts
Wednesday, December 22, 2010
FUUO Truthism
If you are a Pentagon Monday Protester, it is VERY hard for me (or any of the passers-by at whom you are 'raving', literally raving at) to take you seriously when you are wearing Mickey Mouse Ears.
Period.
That is all.
Period.
That is all.
Monday, August 30, 2010
Daily Quotable- Conrad
A quote from my days as an English major:
"I tried to break the spell--the heavy, mute spell of the wilderness--that
seemed to draw him to its pitiless breast by the awakening of forgotten and
brutal instincts, by the memory of gratified and monstrous passions. This
alone, I was convinced, had driven him out to the edge of the forest, to the
bush, towards the gleam of fires, the throb of drums, the drone of weird
incantations; this alone had beguiled his unlawful soul beyond the bounds of
permitted aspirations."
- Joseph Conrad, Heart of Darkness
"I tried to break the spell--the heavy, mute spell of the wilderness--that
seemed to draw him to its pitiless breast by the awakening of forgotten and
brutal instincts, by the memory of gratified and monstrous passions. This
alone, I was convinced, had driven him out to the edge of the forest, to the
bush, towards the gleam of fires, the throb of drums, the drone of weird
incantations; this alone had beguiled his unlawful soul beyond the bounds of
permitted aspirations."
- Joseph Conrad, Heart of Darkness
Wednesday, August 25, 2010
FUUO Truthism- Backpacks and Khakis
#1 If you are wearing a backpack (especially with both straps over your shoulders) while in your khaki uniform (or SDB's or whites), I will smirk and quietly guffaw to myself. Please note: this is an involuntary bodily response when I encounter situations, people or things that are silly and lacking in credibility...and which remind me of a 7 year old walking to school.
Wednesday, August 18, 2010
Article of the Week: Single Region Currency?
A thoughtful editorial that addresses the dangers of adopting a single currency (and especially outsourcing consulting to the European Central Bank) before a political union (or federation) is achieved.
Of course if Gadaffi has his way a United States of Africa would be forming in the near future (http://en.wikipedia.org/wiki/United_States_of_Africa) but let's not hold our breath.
Ideally, the AU needs to better harness the potential power of the RECs (the 8 regional economic communities) and improve their effectiveness FIRST. Their disparate levels of power and effectiveness handcuff Africa on an international/global level.
Kampala — On July 1, 127 million people of East Africa (EA), a block of five nation states with combined purchasing power of $150b became a single market.
In principle a trained chef in Kampala can get a job in a restaurant in Bujumbura, Quality supermarket can start a branch in Arusha or JESA dairy farm can sell its yoghurt in Uchumi in Nairobi.
There will be no border taxes on goods and services or restrictions on movements of labour, capital within the member countries. It is sunrise for the EA consumers, entrepreneurs and service providers. Deepening further the process of integration, plans are in high gear for EA to have a common currency by 2012.
The key question is; can a single currency succeed before a political union in EA? In this piece I explore some of the potential challenges of sovereign states under a common currency.
First, there has not been a smooth implementation of a currency union without a successful political union in human history. The challenge of having fives states with one central bank, single monetary policy without a common treasury can be daunting.
The modern model of a common currency, the Euro-zone is now in disarray because of this structural flaw in design i.e, a common central bank, the common currency (the Euro) but each of the 16 Euro-zone member countries has its own treasury and the Euro-zone is under threat of disintegration.
The European Union countries had similar ambitions like the EAC, but the political union agenda has dragged on and it increasingly gets unlikely that there will ever be a united states of Europe. Will the EAC follow suit if it adopts similar flawed structural design of the integration process? Ironically, the EAC's monetary affairs committee has out sourced the services of the European Central Bank to guide the process of attaining a single currency.
Normally, a government of a sovereign state has two policy instruments for steering its economy to create jobs for its citizens. They keep prices of goods and services stable (control inflation), keep its exports competitive, sustain long run individual and national income growth (GDP) per capita growth and GDP) and maintain macroeconomic stability.
Typically, a central bank manages monetary policy via controlling quantity of money in the economy, interest rates, maintaining prices of goods, services and exchange rate stable. Thus, monetary policy decisions are largely technical and not political, and central banks are supposed to be independent.
When nations join in a monetary union before a political union, it means that a typical member state will have no decision power over the key elements of monetary policy alone. A nation would not be able to control money supply and interest rates to stabilise prices of goods and services and control exchange rate for export competitiveness.
Usually, political and development needs will determine the national budget revenue sources and expenditure priorities.
This is where the problem begins. The European experience reveals that when countries manage their national budgets with different politically guided fiscal policy priorities under a single regional monetary policy, there is bound to be a mismatch. So a common treasury is an essential component for successful integration.
Second, with labour productivity differing significantly in the EAC region with Kenya at the top, more unemployed people, language barriers, movement of workers in the region will be less than perfect.
This, with standardised fiscal and monetary policy discipline, will hurt the weaker members of EAC. For instance, focusing on fiscal policy through budget targets could curtail individual government development projects, stifle employment creation, and reduce tax receipts and exports competitiveness.
This could lead to overall downward spiral in demand of goods and services. Therefore, a single market and currency union are only small steps that can lead forward or stall the integration process. The EAC needs to move a political federation rapidly.
http://fuuo.blogspot.com/2010/08/article-of-week-barrons-africa-final.html
http://fuuo.blogspot.com/2010/07/article-of-week-politically-incorrect.html
http://fuuo.blogspot.com/2010/07/cno-dishes-on-fishor-fish-is-new.html
http://fuuo.blogspot.com/2010/06/vp-bidens-africa-trip.html
http://fuuo.blogspot.com/2010/06/china-in-africa.html
http://fuuo.blogspot.com/2010/04/ethiopia-chinese-fund-to-embark-on.html
Ideally, the AU needs to better harness the potential power of the RECs (the 8 regional economic communities) and improve their effectiveness FIRST. Their disparate levels of power and effectiveness handcuff Africa on an international/global level.
Kampala — On July 1, 127 million people of East Africa (EA), a block of five nation states with combined purchasing power of $150b became a single market.
In principle a trained chef in Kampala can get a job in a restaurant in Bujumbura, Quality supermarket can start a branch in Arusha or JESA dairy farm can sell its yoghurt in Uchumi in Nairobi.
There will be no border taxes on goods and services or restrictions on movements of labour, capital within the member countries. It is sunrise for the EA consumers, entrepreneurs and service providers. Deepening further the process of integration, plans are in high gear for EA to have a common currency by 2012.
The key question is; can a single currency succeed before a political union in EA? In this piece I explore some of the potential challenges of sovereign states under a common currency.
First, there has not been a smooth implementation of a currency union without a successful political union in human history. The challenge of having fives states with one central bank, single monetary policy without a common treasury can be daunting.
The modern model of a common currency, the Euro-zone is now in disarray because of this structural flaw in design i.e, a common central bank, the common currency (the Euro) but each of the 16 Euro-zone member countries has its own treasury and the Euro-zone is under threat of disintegration.
The European Union countries had similar ambitions like the EAC, but the political union agenda has dragged on and it increasingly gets unlikely that there will ever be a united states of Europe. Will the EAC follow suit if it adopts similar flawed structural design of the integration process? Ironically, the EAC's monetary affairs committee has out sourced the services of the European Central Bank to guide the process of attaining a single currency.
Normally, a government of a sovereign state has two policy instruments for steering its economy to create jobs for its citizens. They keep prices of goods and services stable (control inflation), keep its exports competitive, sustain long run individual and national income growth (GDP) per capita growth and GDP) and maintain macroeconomic stability.
Typically, a central bank manages monetary policy via controlling quantity of money in the economy, interest rates, maintaining prices of goods, services and exchange rate stable. Thus, monetary policy decisions are largely technical and not political, and central banks are supposed to be independent.
When nations join in a monetary union before a political union, it means that a typical member state will have no decision power over the key elements of monetary policy alone. A nation would not be able to control money supply and interest rates to stabilise prices of goods and services and control exchange rate for export competitiveness.
Usually, political and development needs will determine the national budget revenue sources and expenditure priorities.
This is where the problem begins. The European experience reveals that when countries manage their national budgets with different politically guided fiscal policy priorities under a single regional monetary policy, there is bound to be a mismatch. So a common treasury is an essential component for successful integration.
Second, with labour productivity differing significantly in the EAC region with Kenya at the top, more unemployed people, language barriers, movement of workers in the region will be less than perfect.
This, with standardised fiscal and monetary policy discipline, will hurt the weaker members of EAC. For instance, focusing on fiscal policy through budget targets could curtail individual government development projects, stifle employment creation, and reduce tax receipts and exports competitiveness.
This could lead to overall downward spiral in demand of goods and services. Therefore, a single market and currency union are only small steps that can lead forward or stall the integration process. The EAC needs to move a political federation rapidly.
Past Articles of the Week:
http://fuuo.blogspot.com/2010/08/article-of-week-barrons-africa-final.html
http://fuuo.blogspot.com/2010/07/article-of-week-politically-incorrect.html
http://fuuo.blogspot.com/2010/07/cno-dishes-on-fishor-fish-is-new.html
http://fuuo.blogspot.com/2010/06/vp-bidens-africa-trip.html
http://fuuo.blogspot.com/2010/06/china-in-africa.html
http://fuuo.blogspot.com/2010/04/ethiopia-chinese-fund-to-embark-on.html
Monday, August 16, 2010
Diplomats Daily Quotable- N
Notes: Diplomat's write Notes, because they wouldn't have the nerve to tell the same things to each other's face." -Will Rogers 1949
Nuance: "Truth and wisdom lie in nuances." -Ernest Renan, french philosopher and write (author of What is a Nation)
Negotiability: "What's mine is mine, what's yours is negotiable." -Attitude attributed to Soviet negotiators.
Nuance: "Truth and wisdom lie in nuances." -Ernest Renan, french philosopher and write (author of What is a Nation)
Negotiability: "What's mine is mine, what's yours is negotiable." -Attitude attributed to Soviet negotiators.
Thursday, August 12, 2010
PGON Truth-ism #2 Stars and railroad tracks
There are more stars than railroad tracks in the PGON (Pentagon).
i.e. There are more Admirals and Generals than LT's 'working' here in the PGON.
i.e. There are more Admirals and Generals than LT's 'working' here in the PGON.
Wednesday, July 28, 2010
Pentagon "Truthisms" #1
First off, my entries are a bit light this week since I am a 'note-recorder' for this conference this week and don't have much access to my computer.
This is the first in a new category of entries. Pentagon Truthisms:
#1 If you bend your knees when you swipe your access card it's much more likely to work.
At first I thought people were just bending their knees because their neck loop that hold the access card wouldn't reach the swipe bad if they didn't lean over, but once I started paying attention I noticed that 'everyone' does this, even those who don't use the typical neck loop.
Other variations of the knee bend include the 'swipe and step' wherein if you step immediately toward the door without seeing if you got the green access light it's more likely to work.
Question:
What's the most number of times you've had to swipe your card to get the green light? I think my record was about 16 times.
FUUO's Pentagonisms:
This is the first in a new category of entries. Pentagon Truthisms:
#1 If you bend your knees when you swipe your access card it's much more likely to work.
At first I thought people were just bending their knees because their neck loop that hold the access card wouldn't reach the swipe bad if they didn't lean over, but once I started paying attention I noticed that 'everyone' does this, even those who don't use the typical neck loop.
Other variations of the knee bend include the 'swipe and step' wherein if you step immediately toward the door without seeing if you got the green access light it's more likely to work.
Question:
What's the most number of times you've had to swipe your card to get the green light? I think my record was about 16 times.
FUUO's Pentagonisms:
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