Category: Current Affairs

Even the Christians Can’t Agree

Lew Rockwell complains that the version of the Ten Commandments that Alabama Judge Moore chose for his 5,300 pound monument is “a sectarian one promoted by Calvinist and fundamentalist Protestants, but rejected by Catholics, Lutherans, and Episcopalians. (The difference has to do with whether the first commandment should be split into two parts to seem to justify iconoclasm.)”

The Right argues that the first amendment is all about defending atheism when, as Rockwell’s comment illustrates, it’s really about defending the religionists from themselves.

China’s trade deficit

“While China is running a large ($100 bn in 2002) bilateral trade surplus with the US, its trade balance with the rest of the world is in deficit, at $75 bn.” From today’s Financial Times (registration required), Morris Goldstein and Nicholas Lardy argue that only a modest revaluation of the renminbi [yuan] is needed.

Japan is the biggest source of China’s trade deficit, so clearly a high-wage country can have a trade surplus with China, are you listening trade protectionists?

Larry Summers in The New York Times

The New York Times Magazine from today (registration required) has a good article on Larry Summers as President of Harvard. His bracing manner, and willingness to engage in frank debate, is more popular with students than with faculty. He wants a world where an ignorance of scientific knowledge is as embarrassing as ignorance of a Shakespeare play. He thinks knowledge of literature is more important than a knowledge of the latest in literary theory. He is still thinking about whether affirmative action is a good idea, he would like to see more facts. Some parts of Harvard, including some of the sciences, appear to be moving to Allston and out of Cambridge. Most of all, he is willing to make enemies to be an effective leader.

The Harvard Crimson discusses whether Larry is a secret conservative. Slate gives a useful and analytical biography. And here is a piece on how Summers likes to ask tough questions of his faculty.