Monthly Archive for November, 2010

Latest Papers Published in The Global Studies Journal

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The latest issue of The Global Studies Journal includes:

In the Red

in-the-redFrom The Economist

Governments have been indebted for centuries, running ongoing Ponzi schemes involving tax-payers, investors and future generations. But data sets on debt levels over time are rare (the most comprehensive ones only begin in the 1970s). A new paper from the IMF seeks to resolve this. Data gathered from a number of different sources allow the fund to give a historical perspective on today’s mounting debt. Over the 218 years for which data on America are available, government debt has averaged just 28% of GDP, peaking at 121% in 1946. The maps below compare debt levels in 1932 and 2009. Most countries have become more indebted in the intervening years. In 1932 US debt amounted to 33% of GDP, compared with 84% in 2009. But some, including South Africa, Australia and New Zealand, have gone the other way.

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The Other Elephant

the-other-elephantFrom The Economist

On the eve of the 2008 New Hampshire primary Bill Clinton finally gave vent to his fury with the Obama campaign. He dismissed Barack Obama’s message as “the biggest fairy tale” he had ever heard. (“Give…me…a…break,” he roared at the startled crowd.) And he denounced underhand tactics, particularly a description of Hillary Clinton as “the senator from Punjab”.

On November 5th Mr Obama, fresh from his humiliation in the mid-term elections, flies to India accompanied by an entourage of almost 250 businesspeople. His message for the folks back home will be that India could be a goldmine for American jobs. And he will clinch a succession of huge business deals with India—not least a $5.8 billion aircraft sale by Boeing.

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Recently Published in The Global Studies Journal

globalThe latest issue of The Global Studies Journal includes:

Argentinidad

argentinidadFrom Benjamin Kunkel, in n + 1

There can be no turning two hundred without regrets. Even so, the element of wistfulness was bound to play an especially large role in the Argentine case. The surprise for me last month, as a yanqui spectator auto-marooned these past few years in Buenos Aires, while I strolled up and down the Avenida 9 de Julio—broadest street in the world, so they say—picking my way through the throngs of Argentines out celebrating the May Revolution of 1810, was that the experience of the bicentenario should look so joyous, as it was later reported to have been in polls of the huge numbers who took part, and that the official commemoration of two centuries of Argentine history should at the same time concentrate on several of the darkest passages in the country’s history. On the occasion of the big parade, fighter jets flew overhead and gauchos rode by on horseback, just as you might expect. But there were also actors depicting militant workers calling for a general strike, to evoke the hundreds cut down by paramilitary gangs in the semana trágica of 1919; a gigantic installation, suspended on guy-wires, of the constitution in flames; a float portraying the Mothers of the Disappeared who campaigned to know their children’s whereabouts during the ruling junta’s frenzy of state terrorism in the late ’70s; and another troupe of actors in business suits tossing funny money to the crowd in much the way—this was the idea—that the Argentina of the 90s had plunged into a delirium, soon punctured, of fictitious prosperity.

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Muslim Challenge to Tuition Fee Interest Charges

muslimchallengetuitionfeeBy Sean Coughlan, in  BBC

Muslim student leaders say changes to tuition fees in England could breach Islamic rules on finance, which do not permit interest charges.

The coalition government’s plans to raise tuition fees to up to £9,000 also include higher interest rates for repayments of loans.

The Federation of Student Islamic Societies says this will make loans unusable for many Muslim students.

A government spokesman said these were “not commercial loans”.

As well as raising tuition fees, the proposals for university funding include changes to loan repayments – with some students set to pay more than at present.

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The Global Studies Journal, Volume 3, Number 3 available

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The third issue of Volume 3 of  The Global Studies Journal has now been published.

Papers included in Volume 3, Number 3:

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