The disaster at Japan’s Fukushima Daiichi nuclear plant, and the upheavals in the Middle East are the sort of events that send economists back to their forecasters’ drawing boards. As usual, there is a tendency to confuse the long-run and the short-run, and to blame developments that were due to occur anyhow on the most recent events.
Oh, Almighty Google Machine--I kid! We know you're not evil. You're the most benevolent algorithm ever. But everyonce inawhile, Google (which owns YouTube) drops a little data point about how it sees the world.
As the secretary of the extreme left-wing group Socialist Forum during her student days in the mid 1980s, Australian prime minister Julia Gillard put her name to pamphlets advocating the end of the ANZUS alliance with the United States and the scrapping of the U.S.-Australian Pine Gap military facility in Australia’s Northern Territory.
Naoto Kan was elected by the Japanese Diet today following the resignation of outgoing prime minister Yukio Hatoyama on June 2. Kan is a member of Hatoyama's Democratic Party of Japan, which last August wrested control of the government from the long-ruling Liberal Democratic Party. ABC News has the story about the new prime minister's plan to maintain his country's deal with the United States regarding an American military base in Japan:
Eight months ago, Japan's Yukio Hatoyama was a star. His leftist Democratic Party of Japan (DPJ) had stormed to electoral victory, ousting a conservative party that had governed almost uninterrupted since the 1950s. Yesterday, he resigned after a massive collapse in popularity.
NINE YEARS AGO, the Smithsonian Institution caused a furor by planning an Enola Gay exhibition that embraced revisionist views of the atomic bombing of Japan, which many scholars now depict as an act of racism and barbarism. After protests from veterans' groups, the museum amended its displays to make them more neutral.