>>the first video of florida
neighborhood watch
volunteer
georgezimmerman
is coming under sharp public scrutiny over whether it supports his confrontation with trayvon martin. nbc's
ron allen
reports from
sanford
, florida.
>>some 40 minutes after
georgezimmerman
claimed he killed trayvon martin in
self defense
, surveillance video shows police bringing him in for questions. after what
zimmerman
's attorney has called a
life and death
struggle with the unarmed teen that left
zimmerman
beaten and bloodied. those demanding an arrest insist the tape refutes his claims.
>>anyone can see with their eyes in this video that evidence isn't there to support a
self defense
claim.
>>it's a very grainy video. i do however, if you watch, you'll see one of the officers as he's walking in, looking at something on the back of his head.
>>jim is a former washington, d.c.
homicide detective
and paramedic who consults in criminal cases.
>>we don't want to rush into a judgment on either side. just because you don't see something in this poor video doesn't mean it's not there. we have other ways of verifying these facts. besides just the video right there.
>>the
police report
said
zimmerman
was bleeding from the noise and the back of the head, and received first aid in the
police car
, and
zimmerman
's father told a
fox tv
station his son told him there was a scuffle on the ground.
>>george
was trying to get his head off the concrete. in doing so, his firearm was shown. trayvon martin said something to the effect of, you're going to die now or you're going to die tonight.
>>today, the funeral director who prepared martin's body for burial gave this assessment.
>>i saw the evidence of the gunshot wound in the
upper chest
. i did not see any signs like he had been in a scuffle or fist fight.
>>justice be served.
>>sheryl brown lives about 30 yards from where martin was killed. her son called 911. brown says the lead investigator told her he wanted to arrest
zimmerman
.
>>i think his words were, we do not believe it was
self defense
, and that they needed to prove it.
>>now the six minutes of video are fueling the growing debate about what happened. we should point out that
sanford
police only made the tapes available because of a
freedom of information
request by nbc news and other journalists. police and prosecutors refuse to comment on the tapes, and while the investigation continues, there is no
arrest warrant
for
georgezimmerman
. lester.
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Creator of new museum of math to speak at NJIT Public release date: 28-Mar-2012 [ | E-mail | Share ]
Contact: Sheryl Weinstein 973-596-3433 New Jersey Institute of Technology
Mathematics is a vital tool for understanding the world and in the fall of 2012 a new museum will invite the public to experience the power and wonders of mathematics, with an emphasis on activities that are creative, surprising and fun. On Friday, April 13, 2012, George Hart, chief of content for the Museum of Mathematics (MoMath), will offer a visual preview of the engaging exhibits planned for the museum, to be located in midtown Manhattan. The public is invited to the free lecture set for 11:30 a.m. 1 p.m. in the Campus Center Atrium, which is located on the ground floor of the NJIT Campus Center at Central Ave. and Summit St.
Prior to becoming involved with MoMath, Hart spent 10 years as a research professor in the computer science department at Stony Brook University in New York. He holds a BS in mathematics and a PhD in electrical engineering and computer science, both from MIT. He is the author of a linear algebra monograph, Multidimensional Analysis, and coauthor of Zome Geometry, an introductory exploration of the geometry of nature.
Hart is also a sculptor and puzzle designer interested in innovative ways to use computer technology in his artwork. His sculpture has been exhibited around the world and can be seen at http://georgehart.com. He is also very active in developing novel hands-on workshops as ways to communicate the richness and excitement of mathematics. His current focus is on designing what he hopes will become the "coolest museum anywhere."
###
To learn more about MoMath: http://momath.org. For more information about the Technology and Society Forum: Contact Jay Kappraff, kappraff@adm.njit.edu or 973-596-3490 or visit http://tsf.njit.edu. Previous Forum presentations are available at http://itunes.njit.edu; search for "Technology and Society Forum."
NJIT, New Jersey's science and technology university, enrolls more than 9,558 students pursuing bachelor's, master's and doctoral degrees in 120 programs. The university consists of six colleges: Newark College of Engineering, College of Architecture and Design, College of Science and Liberal Arts, School of Management, College of Computing Sciences and Albert Dorman Honors College. U.S. News & World Report's 2011 Annual Guide to America's Best Colleges ranked NJIT in the top tier of national research universities. NJIT is internationally recognized for being at the edge in knowledge in architecture, applied mathematics, wireless communications and networking, solar physics, advanced engineered particulate materials, nanotechnology, neural engineering and e-learning. Many courses and certificate programs, as well as graduate degrees, are available online through the Division of Continuing Professional Education.
[ | E-mail | Share ]
?
AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert! system.
Creator of new museum of math to speak at NJIT Public release date: 28-Mar-2012 [ | E-mail | Share ]
Contact: Sheryl Weinstein 973-596-3433 New Jersey Institute of Technology
Mathematics is a vital tool for understanding the world and in the fall of 2012 a new museum will invite the public to experience the power and wonders of mathematics, with an emphasis on activities that are creative, surprising and fun. On Friday, April 13, 2012, George Hart, chief of content for the Museum of Mathematics (MoMath), will offer a visual preview of the engaging exhibits planned for the museum, to be located in midtown Manhattan. The public is invited to the free lecture set for 11:30 a.m. 1 p.m. in the Campus Center Atrium, which is located on the ground floor of the NJIT Campus Center at Central Ave. and Summit St.
Prior to becoming involved with MoMath, Hart spent 10 years as a research professor in the computer science department at Stony Brook University in New York. He holds a BS in mathematics and a PhD in electrical engineering and computer science, both from MIT. He is the author of a linear algebra monograph, Multidimensional Analysis, and coauthor of Zome Geometry, an introductory exploration of the geometry of nature.
Hart is also a sculptor and puzzle designer interested in innovative ways to use computer technology in his artwork. His sculpture has been exhibited around the world and can be seen at http://georgehart.com. He is also very active in developing novel hands-on workshops as ways to communicate the richness and excitement of mathematics. His current focus is on designing what he hopes will become the "coolest museum anywhere."
###
To learn more about MoMath: http://momath.org. For more information about the Technology and Society Forum: Contact Jay Kappraff, kappraff@adm.njit.edu or 973-596-3490 or visit http://tsf.njit.edu. Previous Forum presentations are available at http://itunes.njit.edu; search for "Technology and Society Forum."
NJIT, New Jersey's science and technology university, enrolls more than 9,558 students pursuing bachelor's, master's and doctoral degrees in 120 programs. The university consists of six colleges: Newark College of Engineering, College of Architecture and Design, College of Science and Liberal Arts, School of Management, College of Computing Sciences and Albert Dorman Honors College. U.S. News & World Report's 2011 Annual Guide to America's Best Colleges ranked NJIT in the top tier of national research universities. NJIT is internationally recognized for being at the edge in knowledge in architecture, applied mathematics, wireless communications and networking, solar physics, advanced engineered particulate materials, nanotechnology, neural engineering and e-learning. Many courses and certificate programs, as well as graduate degrees, are available online through the Division of Continuing Professional Education.
[ | E-mail | Share ]
?
AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert! system.
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WEST MONROE, La. (AP) -- Republican presidential nominating contests often reveal a rural-urban split in the party, but what sets this year's campaign apart is the emphasis Rick Santorum is placing on that divide and wearing his successes in small-town America as a badge of honor.
To hear Santorum tell it, the ability of front-runner Mitt Romney to win in big-city suburbs is a mark of ideological weakness, not political strength.
"Gov. Romney does well in the counties where Democrats do well, and we do well in the counties where Republicans do well," Santorum said this week. "That might give you some indication as to who the candidate is who best reflects the values of the Republican party."
Whereas President Barack Obama once infamously tried to explain rural culture with an anthropologist's detachment, saying rural Americans "cling to guns or religion" out of a sense of economic desperation, Santorum happily embraces the culture. He worships with Pentecostals in central Louisiana one day and campaigns at a gun range in the north on another, testing his marksmanship by pulling the trigger of a .45-caliber semiautomatic Colt pistol.
Crisscrossing Louisiana this week and Illinois before that, Santorum thrived in small cities and rural areas where social conservatism runs deep, where the stresses of a slow economic recovery are intensely felt and where his faith-based, small-government message resonates more deeply than in cities and suburbs.
In state after state since he began to emerge as the not-Romney candidate in the Republican field, Santorum has beaten Romney in rural areas, even in states Romney ultimately won. In Michigan and Ohio, states where Romney barely prevailed, Santorum won the rural vote 43 percent to 34 percent, and 46 percent to 28 percent, respectively, according to exit polls.
In Illinois, where Romney easily won, Santorum still took the rural-small city vote 45 percent to 35 percent.
On Saturday, Santorum is expected to win in Louisiana, where he has campaigned more vigorously than Romney.
And while Santorum continues to collect delegates off his success in rural counties and congressional districts, his relative weakness elsewhere raises doubts about his ability to slow Romney's march to the nomination.
"He needs to do a lot better in the suburbs than he has recently," John Feehery, a Republican strategist and former top House Republican leadership aide, said of Santorum. "He's definitely the candidate of the sticks."
Stuart Roy, an adviser to a super political action committee that supports Santorum, said Santorum's inability to break through in the suburbs and cities is in a part a function of his conservative message.
"He is maximizing the social conservative base in most states," Roy said. "In doing that you are going to lose some of that suburban moderate vote. There is a trade-off there. The idea here is to win the primary or caucus. It's not about where the vote comes from."
But he said another factor is limited money. Santorum's campaign operates on a shoe-string budget and that means buying television advertising in cheaper markets, which tend not be in the big cities. As a result, suburban voters aren't as exposed to his message as they are to Romney's, along with Romney's deep-pocketed campaign and super PAC.
Santorum aides downplay the need for stringing together state victories, noting that he can keep amassing delegates by winning in states that are conservative strongholds like Louisiana and otherwise staying within reach with rural and small-town victories that also yield a share of delegates.
And Santorum's conservatism has a ready audience outside the city beltways and beyond the collar counties that surround them.
Indeed, rural and small-town voters are most apt to be deeply conservative -37 percent describe themselves that way compared to 33 percent in the suburbs and 31 percent among urban voters, according to surveys in 16 states where exit or entrance polls have been conducted. What's more, 68 percent of rural voters identified themselves as born again or evangelical Christians, compared with about half in urban or suburban precincts.
In the states that will vote in the next two weeks, Wisconsin has the highest concentration of rural small-town voters at 41 percent, according to the 2008 GOP primary exit poll. The state this year is considered a toss-up.
Santorum looks strong in Louisiana, where social conservative Mike Huckabee won in 2008 over John McCain, the eventual Republican nominee. Huckabee won 43 percent of the vote, aided by sizable majorities in the rural and predominantly Protestant northern part of the state.
But the rural-urban, Santorum-Romney divide also raises questions about how strong Santorum would be against Obama should he succeed in his long-shot quest to deny Romney the nomination.
The suburbs are strongholds of swing voters that have been crucial in presidential elections for years.
"He struggles in the swing areas of swing states," Kevin Madden, a consultant for Romney, said of Santorum. "That would put us in a difficult position to win back the presidency. I don't think there is much confidence that he would all of a sudden find the message in a general election."
Santorum, however, sees a model in the conservative candidates who succeeded in the 2010 general election by focusing their campaigns on limited government.
"Whether you are a conservative or an independent or a moderate, I think people are very concerned about the scale and size of the government and this intrusion into people's lives," he said, answering questions outside a fish processing plant in Kenner, La., this week. "We can make this campaign about that."
Santorum appeals on several levels. His social conservatism and religious underpinnings attract some while others like his small-government message.
"His Christian values - it is one of the things that stands out about him," Larry Glascock Jr., a West Monroe, La., truck driver, said at Santorum's stop Friday. "The country needs to turn back to God."
Others like his desire for a smaller government.
"I don't want any big government, no mandates," said James B. Terral, a retired accountant from West Monroe. "Personally I think an employer should not be forced to do anything but pay an employee. They don't need to baby sit them and they don't need to act like they own them. We need more freedom to do what you want to do."
---
AP Deputy Director of Polling Jennifer Agiesta in Washington contributed to this report.
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Members of the local legalized online gaming historical bureau were thrilled today with the recent release of important documents from the Lipszyc Mehaffey Estate and Family trust. Lipszyc Mehaffey, a reknowned philanthropist and early legalized online gaming researcher, had literally thousands of pages of notes and essays that will now be open to all. Relatives of the Vaugh Brewer legalized online gaming Trust and Family partnership were also happy to share the works of their ancestors with the public, after a long and hard fought battle amongst themselves about whether or not to capitalize on them financially. ?Finally,? said Leising Benn, a cousin of the decesased, ?We all agreed that these items are best left open for all. In the long haul, we really would not have made that much money on licensing them anyway, and this way, students and historians in the legalized online gaming field can use them for further research and studies.? ?We?re all please by these recent developments, and can?t wait until Engles Castillanos legalized online gaming LLC, the selected restoration firm, gets to work putting these papers into digital form?, remarked Sardinha Propes, ?and once this is done we can begin searching through them for various hidden legalized online gaming gems!? The legalized online gaming essay unveiling ceremony ended with concluding remarks from expert Weitzman Wilkes, who praised all involved for their generosity and kindess: ?I, and the legalized online gaming research community, are indebt for your wonderful gifts today, and we promise to safequard them for future generations.? ?This is a great moment in the history of the Sunderman Baerman Memorial Libary and Trust. We finally have some authentic documents to add to our collection on the development of the legalized online gaming economy and industry, but also have the ability to share them with the rest of the world and anyone who has a strong interest in learning more about legalized online gaming?, said Rickerl Linan, curator and chief librarian. ?I believe these cornerstone legalized online gaming works to be of great interest to the public and of high educational value,? Judge Labonville Flott proclaimed in the final ruling, ?and I hereby order them set into the public domain for all to benefit.? Reporters packed the local courthouse as the Hon. Judge Labonville Flott ruled that all documents of the 100 year old Tumbleson Prince Estate should now become public domain, and free from any royalty or commission charged by surviving members of the estate. Bierley Garren, astonished and excited by the news, stated ?I?m thrilled about finding these long lost legalized online gaming documents. With the letters, notes, and works from the once defunct Hochhauser Liscano Memorial Library, we can really get a better grasp on the legalized online gaming network that proceeded its modern day equivalent.? This is not the first time lost documents have come to light in Nedry Waite county. Last year, during a routine demolition inspection on the Nickens Saxman property and trust, investigators discovered hundreds of pages of legalized online gaming court documents stashed away inside a metal container. Amazingly, the legalized online gaming notes included were in great shape and were fit to be copied electronically. Out-of-towners also were gratified by this recent legalized online gaming discovery, and some made a 2-3 hour sojourn to the town square in order to hear the good news: ?I came all the way from Kenndy Duchesne county to witness this great day in the history of Wittner Dudas and legalized online gaming documentation, and I can?t wait to dig in and finish some of my own works,? exclamed Bloxham Fornicola.
Network Solutions announces that the sunrise period for the new .tel top level domain extension begins at 10am Eastern Time on December 3, 2008. The new .tel domain names will be available for organizations and businesses holding Global and National trademarks for a price of $399 for a three year term.
.Tel is a brand new domain name extension that allows businesses and individuals to post and manage important contact information directly on the internet. Every .tel domain name includes a hosted Web site for positing phone numbers, email addresses, Web links, keywords and more. The convenient page layout allows domain owners to control how their information is displayed and who sees it. In addition, each .tel listing is included in the Telpage global directory, where customers can search by name or keywords to locate the business.
?One of the many reasons for registering a .tel includes having your business listed in the global online directory that the .tel registry is developing,? said Steve Miholovich, senior director of Product Management at Network Solutions. ?This directory is a great way to get your business found online and it also gives businesses the ability to add links to their web site, blog or social networking profile.?
The .tel domain name allows business owners or individuals to publish, store, update and manage all contact information instantly and in one place, creating a permanent online business card which is easily accessible in an organized and legible format on mobile devices. In short, .tel allows businesses and organizations to expand their ability to communicate and reach customers by becoming accessible from any device connected to the Internet in just one click.
For more information on the .tel sunrise period, visit http://www.networksolutions.com/domain-name-registration/tel-sunrise.jsp
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Network Solutions, a leading provider of Web solutions and the pioneer of the domain name registration service, offers a full range of Web-related services that includes Web hosting, Web design, e-commerce software, search engine marketing, SSL certificates, e-mail services, and domain name registration. Network Solutions draws on 29 years of experience to make it simple and affordable for customers to build and manage an online presence through a one-stop Web solutions provider. For more information, visit about.networksolutions.com.
Tags: Steve Miholovich, Top Level Domain, domain name registration
economies in transition is a sharp decline in their production, mainly in industrial production. Which countries attained independence in the with the demise of the British Empire (where the sun never set) ? industrial production fell by 20% on average. Even this was because these countries continued to maintain economic ties with the ?mother? (the United Kingdom). They also continued to trade among Themselves, with the rest of the British Empire, through the Commonwealth mechanism.
This was not the case when the second biggest empire of modern times collapsed, the Soviet empire. When the USSR and the Eastern Bloc disintegrated ? the COMECON trading bloc was dismantled, never to be replaced by another. All the constituents of the former Eastern Bloc preferred to trade with the West rather than with one another. The Empire left in its wake mountains of trade debts, total lack of liquidity and money losing barter operations Carried out in unrealistic prices. Thus, industrial production plunged into the newly established countries (CIS and the countries Which Were part of former Yugoslavia) as well as in other former members of the Eastern Bloc by 40-60% over a period of years 5th A slow recovery is discernible only in the last two years and industrial production is picking up at an annual rate of 2% (Estonia) to 8% (the Czech Republic) -. Depending on the country
This disastrous drop in the most important parameter of economic health what Largely attributable to a few, cumulative factors:
The sudden evaporation of all the traditional export markets ? simultaneously. Macedonia has lost 80% of its export markets with the bloody siege-laden disintegration and of the former (federation of) Yugoslavia. Similar vicissitudes were experienced by other countries in transition. A huge, unsustainable internal debt between the companies themselves (each acting in the dual role of supplier and of client) ? and between the enterprises and the state. This burden was only very mildly ameliorated by bartering. Mostly, it led to severe cases of insolvency or lack of liquidity and to a reversion to pre-monetary economic systems. This lack of liquidity so the investment in capital assets Prevented (plant modernization, personnel training, data processing and decision making tools) Necessary to sustain efficiency gains, increase productivity and maintain competitiveness. Gross inefficiency of the industrial plants due to massive Which was hidden unemployment, low maintenance standards and the aforementioned lack of capital. Outmoded and outdated management techniques. The old guard of managers in industry were ill adapted to the rapid changes wrought by capitalism and wise about them industries. They continued ?to fight the last (and lost) wars?, to bemoan their fate and not to Provide a sense of direction, a vision of the future and the management decisions Which are derivatives of the above. Faulty legislation, dysfunctioning law enforcement systems, crony capitalism and Privateering (the sale of state assets to political allies or to family members of influential political figures and Economic) ? all led to fuzzy ownership structures and to a virtual abandonment of the protection of property rights . In the absence of clear ownership and under the threat ever ? imminent loss of property, the profit motivation has degenerated into speculative binges and bouts and decision-making was transformed into power contests. These industries produced and manufactured goods according to dance with some central planning, to theoretical model of the marketplace, or rule-of-thumb thinking. The result was mountains of shoddy merchandise, of low quality and very little demand. Antiquated design and lack of responsiveness to market needs and consumers? wishes only exacerbated the situation. This absence of market research, market analysis and, more generally, market awareness led to the almost complete absence of marketing, sales promotion, or advertising (in the modern sense). Paradoxically, the communist era industries demonstrate a deeper trate was in ?the invisible hand of the market? than their capitalist brethren Thurs. They entrust the function of the dissemination of information and its influence upon the decisions made by consumers ? entirely to the market. If the product is either needed or good enough, it will sell itself, was the thinking. Marketing and advertising were thought of as illegitimate cajoling, pushing consumers to make decisions that they would not have made otherwise. Industry operated under all these crushing constraints in the environment of heavy to impossible to regulation, trade protectionism (which denied them the benefits of competition), corrupt bureaucracy, rolls of red tape, heavy political involvement and a total distortion of economic considerations by ?social? ones. This was further compounded by a decaying banking system (where the distinction between lender and borrower was rendered superfluous by the concept of ?social capital? which belongs to everyone equally). It could not supply the industrial sector with capital replenishment and the total absence of capital markets did not help. Last ? but far from being least ? was the non existence of a ?Protestant? or ?Asian values? work ethic. Low salaries, feigned ?equality? and absent profit motivation ? all led to a disincentived work environment. The norm in many of these countries is still: ?come to work, open and close the door and get paid,? as the saying goes. This is the benign case. Stealing from the workplace has become an acceptable way of complementing income and moonlighting was done at the expense of the official ?primary? workplace. But it seems that
the worst is over and that the scene is changing fast.
However sloppy or criminal the process of Privatization, hundreds of thousands of silent dog new capitalists were brewed and Introduced, willy nilly, to the profit motive. The specter of capital gains, made most of them (except the most hardened) discover marketing, advertising, design, export, trade financing, public offerings, strategic partnerships, concessions and business plans.
Industries are much more focussed and market oriented. The new religion of capitalism, replete with entrepreneurship, free choice, personal profit and the invisible hand of the market has been successfully phased in.
Both the domestic markets and international trade are recovering nicely. Consumption is growing and with it exports. The political level is withdrawing from the scene through more or less successful or transformation Privatization schemes and Appropriate legislation to minimize the role of the state in the economy.
Some countries have opted to ?skip? some of the industrial portions of the classic, evolutionary economic cycle ? and go directly to investing in information and knowledge industries. They educate their workforce and retrain it accordingly. They invite multinationals ? using a cocktail of tax incentives and direct grants and subsidies ? to open back office operations (accounting, administration) and telemarketing operations in their countries. This calls for lower investment than in classic (or sunset) industries and has a high value added to the economy. But the single largest driving force behind economic recovery is foreign capital. Foreign Direct Investment (FDI) is pouring in and with it: new markets, technology transfer through joint ventures, new, attractive, product mixes, new management, new ideas and new ownership ? Decisive and clear
Sun,. industrial production is picking up and will continue to grow briskly in all countries in transition that have the peaceful conditions Necessary for long term development. If Macedonia will follow the examples of the Baltic countries, of Poland, the Czech Republic, Hungary, Slovenia, even Russia, Ireland, Egypt, Chile, Indonesia, Israel and the Philippines ? it will double its industrial production within 10 years and redouble it again in 15 years.
Israel, Ireland and ? France and Japan (!) Are examples of poor, agricultural countries, Which made the transition to thriving industrial countries successfully. Secret
But what their? How come Hong Kong and Singapore are richer than Britain by some measures? Together with South Korea and Taiwan, they have been growing at an average rate of 7.5% annually for the last 30 years. China, Indonesia, Malaysia, Thailand, The Philippines have joined the ?Asian Tigers? club
They all share some common features.
Massive injections of labor (by massive immigration from rural areas to the cities, urbanization). Massive injections of capital and technology. The above injections were financed by an exceedingly high level of savings and investments (savings amount to 35% of GDP, on average). Wise government direction provided through a clear industrial policy. This, though, is a double edged sword: a less wise policy would have backfired with the same strength. A capitalist, profit-seeking mentality. An annual increase of 2-3% in productivity which is the result of copying technology and other forms of technology transfers from the rich West. Strong work, family and society ethics within a cohesive, conformist and supportive social environment (the ?Asian values? are the Eastern equivalent of the ?Protestant Work Ethic?). Low taxation and small government budgets (less than 20% of GDP Compared to twice as much in the West ? and three times as much in France today). Flexible and mobile labor and c (Certain countries) capital markets. When mobility or flexibility are restricted (Japan) it is the result of social rather than treaty of legislation, regulation, or other statist intervention. A firm, long lasting commitment to education and to skill acquisition, even in hard circumstances. The number of educated people is low but growing Rapidly, as a result. Openness to trade, and knowledge to technology. Imports are composed mostly of investment goods and capital assets. The culture of conspicuous, addictive (or even normal) consumption is less developed there.
Still, these countries started from a very low income base. It is common knowledge that economic low-income countries always grow fast because they can increase their productivity simply by purchasing technology and management in the rich country. Purchasing technology is always much cheaper than developing it -. While roughly the same Maintaining economic benefits
Thus, Hong Kong grew by 9% in the 60s. This growth coefficient was reduced to 7.5% in the 80s and to 5% in the 90s. But China, Malaysia, Thailand and Indonesia are likely to grow annually by 7-9% during the next decade.
Not that these countries are exempt from problems. The process of maturation creates many of them. There is the dependence on export markets and volatile exchange rates (which mine the deterministic terms of trade). When the West reduced its consumption of microchips and the Dollar appreciated against the Japanese yen by 50% ? all the tigers suffered a decline in economic growth rates, current account deficits of 5-8% of their GDP, strikes (South Korea) and floor Market crashes (Thailand, to name but one of many). In Singapore and Hong Kong, the industrial production plummeted by 5% year last (1996). Years of easy money and cheap credits directed by the state at selected industries starved small businesses, created over investment and overcapacity in certain, state-supported, industries and destabilized the banking and the financial system. It helped forge infrastructure bottlenecks and led to a shortage in skilled or educated manpower. In Thailand, only 38% of those 14 years old and attend school in China, the situation is not much better. Finally, the financial markets proved to be too regulated, the government proved to be too bureaucratic, corruption proved to be too rampant (Indonesia, Japan, almost everybody else). There were too many old conglomerate-type mega -. Which companies Prevented competition (e., the Chaebol in South Korea or the Zaibatsu in Japan)
Sun, the emerging economies are looking to Hong Kong, Singapore and Taiwan to supply the ideal: truly flexible labor markets, no state involvement, lots of nimble, small businesses, deregulated markets, transigent industrial policies. These countries ? and the rest of the Asian Tigers ? are expected to beat the West at its own game: money. They have many more years ahead of economic growth:
Each Korean worker has only 40% of the capital goods, available to his Western comrade, at his disposal. Putting more technology at his fingertips wants to increase his productivity.
An industrial worker in the west has a minimum of 10 years of education. In Indonesia and Thailand he has 4 years and even in South Korea he has Merely 9 years. On average, at industrial worker in one of the Asian Tigers countries carries 7 years of education in his satchel ? hardly the stuff that generals are made of. Research demo strated that the more educated the worker -. The higher his productivity
Finally, increasing wages and looming current account deficits ? will force the tigers to move to higher value added (non labor-intensive) industries (the services , information and knowledge industries).
Then, it will be the turn of countries like Macedonia to take their place in some labor intensive areas and to rise to tigerdom.
id=?article-resource?> Sam Vaknin is the author of ?Malignant Self Love ? Narcissism Revisited? and ?After the Rain ? How the West Lost the East?. He is a columnist in ?Central Europe Review?, United Press International (UPI) and ebookweb.org and the editor of mental health and Central East Europe categories in The Open Directory, Suite101 and searcheurope.com. . Until recently, he served as the Economic Advisor to the Government of Macedonia
His web site: http:// / samvak.tripod.com
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The first reaction of
economies in transition is a sharp decline in their production, mainly in industrial production. Which countries attained independence in the with the demise of the British Empire (where the sun never set) - industrial production fell by 20% on average. Even this was because these countries continued to maintain economic ties with the "mother" (the United Kingdom). They also continued to trade among Themselves, with the rest of the British Empire, through the Commonwealth mechanism.
This was not the case when the second biggest empire of modern times collapsed, the Soviet empire. When the USSR and the Eastern Bloc disintegrated - the COMECON trading bloc was dismantled, never to be replaced by another. All the constituents of the former Eastern Bloc preferred to trade with the West rather than with one another. The Empire left in its wake mountains of trade debts, total lack of liquidity and money losing barter operations Carried out in unrealistic prices. Thus, industrial production plunged into the newly established countries (CIS and the countries Which Were part of former Yugoslavia) as well as in other former members of the Eastern Bloc by 40-60% over a period of years 5th???????? ???????? ????? }
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Public release date: 28-Mar-2012
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