<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>DC Dispatches &#187; Economics</title>
	<atom:link href="http://www.dcdispatches.com/category/economics/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.dcdispatches.com</link>
	<description>Sic semper something or other.</description>
	<lastBuildDate>Fri, 06 Aug 2010 21:43:40 +0000</lastBuildDate>
	<language>en</language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	<generator>http://wordpress.org/?v=3.0.1</generator>
		<item>
		<title>A Washington-style tea party</title>
		<link>http://www.dcdispatches.com/2009/04/15/tea-party/</link>
		<comments>http://www.dcdispatches.com/2009/04/15/tea-party/#comments</comments>
		<pubDate>Wed, 15 Apr 2009 23:55:50 +0000</pubDate>
		<dc:creator>Matthew Bradley</dc:creator>
				<category><![CDATA[Culture]]></category>
		<category><![CDATA[Economics]]></category>
		<category><![CDATA[Observed]]></category>
		<category><![CDATA[protest]]></category>
		<category><![CDATA[taxes]]></category>
		<category><![CDATA[tea]]></category>
		<category><![CDATA[tea party]]></category>
		<category><![CDATA[White House]]></category>

		<guid isPermaLink="false">http://www.dcdispatches.com/?p=94</guid>
		<description><![CDATA[In the District of Columbia Tax Day traditionally brings out local activists who wish to highlight for the resurgent masses of tourists and the media the plight of the local citizens: true taxation without representation. DC Statehood and representation activists typically call up the image of the Bostom Tea Party in making this point, but [...]]]></description>
			<content:encoded><![CDATA[<p>
In the District of Columbia Tax Day traditionally brings out local activists who wish to highlight for the resurgent masses of tourists and the media the plight of the local citizens: true taxation without representation. DC Statehood and representation activists typically call up the image of the Bostom Tea Party in making this point, but today a right-aligned movement, with demonstrations across the country, has stolen their thunder.
</p>
<p>
From the point of view of this writer, who witnessed the Washington, DC gathering near the White House, it was both muddy and a muddled thunder.
</p>
<p><span id="more-94"></span></p>
<ul>
<li>The original Boston Tea Party was as much about representation as it was about taxes. Most of the folks in attendence in DC were from out of town; from actual states where they have representation.There may be a broader point to be made about government responsiveness, but that appeared to be lost here.</li>
<li>A friend pointed out an interesting fact: that the colonists&#8217; taxes sky-rocketed after the American revolution. They had war debt to pay for and representation didn&#8217;t help them much there. Truly, that is a significant part of the problem here too, and it seems that those protesting both taxes and the budget overall would protest a deescalation of US militarism.</li>
<li>It seems to be an uncontroversial point of fact that most of these folks in fact will likely see a decrease in their taxes, as few are likely part of the single digit percentage that make enough to be subject to tax increases (no, I&#8217;m not counting the nicotine tax).</li>
<li>In general the protest seemed to be aimed at straw men, built up by the organizers backed by lobbyists and certain Republican politicians and aimed at the Democrats. Unfortunately this seems to serve long-standing interests and doesn&#8217;t really threaten anyone, whoever you thought was responsible for whatever you thought you were protesting if you were a participant.</li>
<li>With regards to the tea party theme, the unfortunate choice to announce use tea bags as part of the protest, and to use the phrase &#8220;tea-bagging,&#8221; further alienated this particular exercise from the mainstream.</li>
</ul>
<p>
Still, they stood in the rain, proud to exercise their right to redress their grievances &mdash; so long as they were at a certain distance (I&#8217;m told they intended to be in front of the Treasury, and got moved to Lafayette Park where I witnessed them later). They were reportedly cleared out of the park when someone threw something (tea bags?) over the White House fence. I&#8217;d argue this was largely ineffective, at least in terms of the best ostensible intentions of the participants, that their indigence was used &mdash; maybe even against their own interests.
</p>
<p>
Don&#8217;t read these observations as implicit support for Obama&#8217;s overall economic policy, or for the nature of the corporate media, this writer is a critic of both. Still, there was also a chuckle or two when viewing this clip from last night&#8217;s &#8220;Countdown&#8221; on <cite>MSNBC</cite> :
</p>
<p>
<object width="425" height="344" data="http://www.youtube.com/v/8i-OWDjOQfI&amp;hl=en&amp;fs=1" type="application/x-shockwave-flash"><param name="allowFullScreen" value="true" /><param name="allowscriptaccess" value="always" /><param name="src" value="http://www.youtube.com/v/8i-OWDjOQfI&amp;hl=en&amp;fs=1" /><param name="allowfullscreen" value="true" /></object>
</p>
<p>
We could probably do with some links and other direct citations here, but this is literally a passing observation written down as both the event and the media of it was absorbed in the course of other business.</p>
]]></content:encoded>
			<wfw:commentRss>http://www.dcdispatches.com/2009/04/15/tea-party/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Ripping up the Creative Commons to sling mud</title>
		<link>http://www.dcdispatches.com/2008/10/29/ripping-the-commons-to-sling-mud/</link>
		<comments>http://www.dcdispatches.com/2008/10/29/ripping-the-commons-to-sling-mud/#comments</comments>
		<pubDate>Wed, 29 Oct 2008 16:13:07 +0000</pubDate>
		<dc:creator>Matthew Bradley</dc:creator>
				<category><![CDATA[Economics]]></category>
		<category><![CDATA[Fourth Estate]]></category>
		<category><![CDATA[Bill Russell]]></category>
		<category><![CDATA[CC]]></category>
		<category><![CDATA[Congress]]></category>
		<category><![CDATA[Creative Commons]]></category>
		<category><![CDATA[Jack Murtha]]></category>
		<category><![CDATA[John Murtha]]></category>
		<category><![CDATA[mudslinging]]></category>
		<category><![CDATA[Murtha]]></category>
		<category><![CDATA[Pennsylvania]]></category>
		<category><![CDATA[photography]]></category>
		<category><![CDATA[photojournalism]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[Russell]]></category>

		<guid isPermaLink="false">http://machination.org/?p=49</guid>
		<description><![CDATA[On the way home last night I checked my email to find a message, via Flickr, from a Ben Murray. Ben wrote to tell me about a photo he saw in an attack ad against Representative John Murtha that appeared to be mine. I checked the ad on my phone and felt my blood pressure [...]]]></description>
			<content:encoded><![CDATA[<p>On the way home last night I checked my email to find a message, via Flickr, from a Ben Murray. Ben wrote to tell me about a photo he saw <a href="http://www.youtube.com/watch?v=9tXrpYTGF-I">in an attack ad against Representative John Murtha</a> that appeared <a href="http://www.flickr.com/photos/mjb/82807209/in/set-1769425/">to be mine</a>. I checked the ad on my phone and felt my blood pressure rise. It <em>was</em> my photo.</p>
<p><a title="Representative Jack Murtha by MatthewBradley, on Flickr" href="http://www.flickr.com/photos/mjb/82807209/"><img style="float: right; margin: 1em 0 1em em;" src="http://farm1.static.flickr.com/39/82807209_fbc326cab8_t.jpg" alt="Representative Jack Murtha" width="100" height="67" /></a></p>
<p>The photo is one of several I took of Murtha in profile at a town hall in Virginia in 2006, listening to the public talk about the Iraq war and the Bush Administration. The scene was a packed room, full of people with 9/11 memorial t-shirts, American flags, comprising of local constituents that included veterans and Defense Department employees. There were peace activist veterans and veteran peace activists alike. Murtha&#8217;s scrunched facial expression as depicted in my photo is one of concentration and attentiveness (something you might derive from seeing the whole set and knowing about the event). In the ad it is reduced to a context-less scowl coupled with something else entirely.</p>
<p>I share many photos on Flickr under <a href="http://www.creativecommons.org">Creative Commons</a> licenses and this photo is one of those. The Creative Commons is a way of using copyright to share material while retaining rights as one sees fit. It is a philosophy for using copyright constructively.</p>
<p>The license I chose was the &#8220;<a href="http://creativecommons.org/licenses/by-nc-nd/2.0/deed.en ">Attribution-Noncommercial-No Derivative Works 2.0 Generic</a>&#8221; license, and the conditions are boiled down to the following points:</p>
<ul>
<li>Provide attribution</li>
<li>No commercial use</li>
<li>No derivative works</li>
<li>And, of course, make clear the terms under which the CC-licensed work being used is available to others as well.</li>
</ul>
<p>It seems obvious to me that the Russell campaign&#8217;s production people didn&#8217;t give proper attribution in the video or elsewhere, nor did they make the terms of the license clear in redistributing my work. They&#8217;ve manipulated the background of the photo further taking it out of context, which I believe constitutes a derivative work, and while this isn&#8217;t commercial speech, they did use the ad <a href="http://russellbrigade.com/2008/10/russell-launches-30-spot-stand-up-for-western-pennsylvania/">as fodder for fundraising</a>. Depending on how the ad was created and the relationship between the producers and the campaign, I kind of wonder if the &#8220;commercial use&#8221; restriction wasn&#8217;t still violated (but that is speculation).</p>
<p>I don&#8217;t like the implication that I gave the Russell campaign permission beyond the limitations of the license I gave to the public. I&#8217;m trying, whenever I feel it appropriate, to share my photos with the commons to support the kind of substantive media and dialogue I believe in (even if I disagree with a given argument) and I am trying to be able to do more media making. Inappropriate use of my work undermines this.</p>
<p>This morning I woke to see, upon closer inspection of the web site, that my image is being used in other promotional content on the campaign site and in another spot, &#8220;<a href="http://russellbrigade.com/2008/10/meet-the-king-of-pork-new-tv-spot/">The King of Pork</a>&#8221; ad.</p>
<p>I didn&#8217;t react publicly right away last night because I reached out to friends who know lawyers and to <a href="http://www.publicknowledge.org">Public Knowledge</a> for advice first. I got the beginnings of advice this morning. I&#8217;ve written Russell&#8217;s campaign to ask them to stop using my work beyond the bounds of the Creative Commons license and I&#8217;m interested in finding out what more I can do.</p>
<p><span id="more-49"></span></p>
<p>I feel like I should say I am also all for fair use (an implied right that long precedes the Creative Commons) but I don&#8217;t think this fits. Others have agreed.</p>
<p>I don&#8217;t know yet if they&#8217;ve run these ads on TV, but they appear to want to and they have gotten a sizable enough views on YouTube for a congressional race.</p>
<p>I would hope that when Creative Commons works are used properly in any kind of speech the public would understand such use is not the same as endorsement by the original creator. By not following the rules of the Creative Commons license, Russell&#8217;s ad leaves people to reasonably conclude an endorsement by me if they happen to recognize the photo or find it elsewhere, properly attributed. Ben&#8217;s message to me last night was an example of such an inference – that I had somehow collaborated with this campaign – being drawn by a complete stranger.</p>
<p>I could imagine Creative Commons-supplied works figuring into constructive mainstream political volleys some day. Where dynamic and well-attributed and linked remixed works themselves could be maps to the nuance and reality of the political scene, via which deceit and inaccuracies could be routed out by tracing the component parts of these works.</p>
<p>This misuse is an example of diminishing the productive uses of copyright, of the commons and I find this a threat to democracy (however important this small example is or is not). The consequences of stomping across the commons could become quite significant if people become afraid to share their work, particularly if like much of mine it is documentary in nature, because they&#8217;re afraid it will be unattributed, taken out of context, or worse.</p>
<p>By documenting this publicly, I&#8217;m not implicitly defending the comments by Murtha that the first ad is ostensibly criticizing. I personally have fundamental disagreements with Murtha&#8217;s hawkishness, nevermind the pork end of his role in defense spending. To be frank, I doubt I agree with much of Murtha&#8217;s or Russell&#8217;s stated positions or their track records overall.</p>
]]></content:encoded>
			<wfw:commentRss>http://www.dcdispatches.com/2008/10/29/ripping-the-commons-to-sling-mud/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Bailout vote: Actual democracy at work? Wall Street: Throwing a fit?</title>
		<link>http://www.dcdispatches.com/2008/09/30/bailout-vote-actual-democracy-at-work-wall-street-throwing-a-fit/</link>
		<comments>http://www.dcdispatches.com/2008/09/30/bailout-vote-actual-democracy-at-work-wall-street-throwing-a-fit/#comments</comments>
		<pubDate>Tue, 30 Sep 2008 11:16:01 +0000</pubDate>
		<dc:creator>Matthew Bradley</dc:creator>
				<category><![CDATA[Economics]]></category>
		<category><![CDATA[Fourth Estate]]></category>
		<category><![CDATA[bailout]]></category>
		<category><![CDATA[Congress]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[NPR]]></category>
		<category><![CDATA[Steve Inskeep]]></category>
		<category><![CDATA[Wall Street]]></category>

		<guid isPermaLink="false">http://machination.org/2008/09/30/bailout-vote-actual-democracy-at-work-wall-street-throwing-a-fit/</guid>
		<description><![CDATA[I&#8217;m rather stunned at most of the media coverage of the coverage of the bailout vote that I&#8217;ve encountered so far. For example, this morning I&#8217;m listening to Steve Inskeep ask questions that appear to mostly be premised on the belief that this vote should have passed. Phrases like &#8220;deliver your share of the votes&#8221; [...]]]></description>
			<content:encoded><![CDATA[<p>I&#8217;m rather stunned at most of the media coverage of the coverage of the bailout vote that I&#8217;ve encountered so far. For example, this morning <a href="http://www.npr.org/templates/story/story.php?storyId=95204052">I&#8217;m listening</a> <a href="http://www.npr.org/templates/story/story.php?storyId=95204055">to Steve Inskeep</a> ask questions that appear to mostly be premised on the belief that this vote should have passed. Phrases like &#8220;deliver your share of the votes&#8221; (describing what I know are fairly normal negotiations on Capitol Hill) go unchallenged, are even adopted, as if democracy didn&#8217;t more or less actually work yesterday, in spite of back room negotiations and fear mongering.
</p>
<p>
Inskeep at one point does mention that &#8220;we&#8217;ve had our share of critics&#8221; (ah, yes, &#8220;one&#8217;s share&#8221; again &#8212; meeting some minimum obligation to defer to the minority view that doesn&#8217;t fit conveniently in the two sided volley that they&#8217;d prefer, I guess) in questioning the Republican guest who voted against the bill.
</p>
<p>
But the critiques Inskeep has apparently been informed of (I am most familiar with <a href="http://www.prospect.org/csnc/blogs/beat_the_press">those of Dean Baker</a>, not sure if he was a guest) do not seem to inform the questions. Shouldn&#8217;t they? Shouldn&#8217;t Inskeep ditch the verbage that defers to Capitol Hill back rooms and actively try to reconsile all the assertions, including those beyond the default false dichotomy?
</p>
<p>
If there is a bias, shouldn&#8217;t it be towards those who don&#8217;t have a vested interest in the power structure and who have a track record of getting things right? Shouldn&#8217;t there be less deference for those who have been repeatedly wrong or massively inconsistent without rationale?
</p>
<p>
Instead Inskeep sounds like he is play-acting sounding puzzled that the two party machines could not keep the game playing the way the normally do and making little effort to go much further. Backroom tactics can be news but they should either be equal or second to routing out the facts of the issue, reconsiling the assertions about the public policy and the problems.
</p>
<p>
That most Americans opposed the bailout seems to be a footnote: often mentioned as an aside, never explained in as many words are given to all the tactical explanations.
</p>
<p>
Much emphasis has also been given to Wall Street&#8217;s reaction to the vote &#8212; but what do we expect? It is the trader&#8217;s own industry that is affected, whatever the real meaning for the rest of us is. I know so many have their futures tied-up in mortgages and investments, and this is real for a lot of regular Americans, but it seems like the casino of Wall Street is prone to manic behavior. Perhaps Wall Street isn&#8217;t unlike a three year old who just ate all the cake, is sick, wants more cake still, and is throwing a tantrum of impatience because typically capitulating parents can&#8217;t come to any other agreement as to how to handle the infantile beast.
</p>
<p>
A rough metaphor perhaps. But what I mean to say is that Wall Street is not a purely rational actor in this case (if it ever is), as it is not remotely observing other parts of the system and then making projections based on it. Its own profits, treasure, is at stake, and whether or not things could work without a bailout of this sort, the analysts and traders seem to have an incentive for the market to behave &#8220;badly&#8221; at worst and little perspective to be level-headed at best. The stock market cannot be relied upon &#8212; again &#8212; this is problematic for a lot of people who are tied up in it as other guaranteed benefits have been stripped away (by bought lawmakers and Wall Street lobbyists). If help should get to anyone, perhaps to them.
</p>
<p>
But let the traders thrash about a bit more. For all those who need real help, let us consider other ways for the State to spend $700 billion, so long as it can be done and we still have this state around to cajole into helping the people it allegedly exists to serve.</p>
]]></content:encoded>
			<wfw:commentRss>http://www.dcdispatches.com/2008/09/30/bailout-vote-actual-democracy-at-work-wall-street-throwing-a-fit/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Let the loan sharks do the auditing</title>
		<link>http://www.dcdispatches.com/2008/09/15/let-the-loan-sharks-do-the-auditing/</link>
		<comments>http://www.dcdispatches.com/2008/09/15/let-the-loan-sharks-do-the-auditing/#comments</comments>
		<pubDate>Mon, 15 Sep 2008 14:03:11 +0000</pubDate>
		<dc:creator>Matthew Bradley</dc:creator>
				<category><![CDATA[Economics]]></category>
		<category><![CDATA[domestic policy]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[financial crises]]></category>
		<category><![CDATA[housing bubble]]></category>
		<category><![CDATA[IMF]]></category>
		<category><![CDATA[irony]]></category>
		<category><![CDATA[loan sharks]]></category>
		<category><![CDATA[NPR]]></category>
		<category><![CDATA[United States]]></category>

		<guid isPermaLink="false">http://machination.org/?p=46</guid>
		<description><![CDATA[With the weekend news of banks that had survived even The Great Depression going under or being bought out, NPR aired several stories about the financial crises during Morning Edition. One was a report by David Kestenbaum about the tricky politics of inviting the International Monetary Fund (IMF) to perform a &#8220;check-up&#8221; on U.S. government [...]]]></description>
			<content:encoded><![CDATA[<p>
With the weekend news of banks that had survived even <a href="http://en.wikipedia.org/wiki/Great_Depression">The Great Depression</a> going under or being bought out, <abbr title="National Public Radio">NPR</abbr> aired several stories about the financial crises during <cite>Morning Edition</cite>.
</p>
<p>
<a href="http://www.npr.org/templates/story/story.php?storyId=94617079">One was a report by David Kestenbaum</a> about the tricky politics of inviting the International Monetary Fund (<abbr title="International Monetary Fund">IMF</abbr>) to perform a &#8220;check-up&#8221; on U.S. government economic policies and practices.
</p>
<p>
The ostensible rationale behind such an inspection seemed sensible to me, a layperson. There is merit in the idea of collaboration to facilitate the implied goal of transparency for stability and accountability. But that would be granting too much on the face of things, and there is cause for skepticism (though likely not the same flavor of skepticism and resistance that might come from Bush&#8217;s economic advisers).
</p>
<p>
The IMF is not known for being at the vanguard of sustainable development. The report cites Argentina as an example where the IMF has come to &#8220;help,&#8221; and, well &mdash; that appears to have been <a href="http://www.economist.co.uk/finance/displaystory.cfm?story_id=2482323">a complete failure</a> <a href="http://www.prospect.org/csnc/blogs/beat_the_press_archive?month=09&#038;year=2006&#038;base_name=does_the_imf_really_warn_argen">until Argentina rejected IMF policies</a>.
</p>
<p>
The IMF&#8217;s most influential practices are not that far away from those that helped cause the housing bubble and the credit crunch in the U.S. to begin with. In fact, there seems to be significant overlap in the global private institutions that have exploited the domestic situation and who also invest in IMF-led &#8220;development.&#8221; Additionally, the U.S. is a major influence on the governance of the Bretton Woods institutions (it gets more explicit control over the IMF&#8217;s sister institution, the World Bank).
</p>
<p>
If your general understanding doesn&#8217;t extend that far, then you might not have laughed until you heard the end of the report. Someone is quoted, summing up how simple it would be for someone to spot the impending housing crisis, as saying <q>my 6 year old daughter knows you don&#8217;t lend money to people who can&#8217;t pay you back.</q>
</p>
<p>
This is <em>exactly what the World Bank and the IMF are infamous for</em>: lending money to dictators of poor nations, or muscling its way into vulnerable economies, and then as some see it, extorting payback at the expense of sovereignty and development of resources essential to human rights in favor of projects that involved multinational corporations cosy to the largest investors in the WB/IMF regime. Not too much unlike a family feeling forced to pay back a loan shark at the expense of medicine or food.
</p>
<p>
The funny thing is, this is all tacitly acknowledged earlier in the piece when Kestenbaum refers to the IMF as <q>a global <a href="http://en.wikipedia.org/wiki/Loan_shark">loan shark</a>.</q>
</p>
<p><em>Again, this is not to disparage the entire rank and file of these organizations, of which I know little about, and among which &mdash; I presume &mdash; there are those who are passionate about solving real problems. But these are for-profit institutions, and the associations of their power brokers along with the general record of these organizations are so conflicted as to not warrant placing faith in them, and to highlight the irony when it is suggested they advise the U.S.</em></p>
]]></content:encoded>
			<wfw:commentRss>http://www.dcdispatches.com/2008/09/15/let-the-loan-sharks-do-the-auditing/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
	</channel>
</rss>
