Showing posts with label auto bailout. Show all posts
Showing posts with label auto bailout. Show all posts

December 18, 2008

How I read my way through the last economic depression


The theme at Goat Rope lately is hard times and how to get through them. The series began a week ago Monday. If you feel so inclined, please click on earlier posts. You'll also find links and comments about current events.

As I mentioned before, the 1980s hit West Virginia really hard, with massive layoffs and high unemployment. And the cavalry was not on the way. I remember it as a time of poverty as I scrambled to provide for two young children.

When hard times hit, of course you have to try to get yourself out of them. I looked for more and better work and scrambled to finish a degree. But you also have to stay alive in the meantime, physically and otherwise.

For me, reading was a kind of salvation. For some reason, I stumbled upon The Story of Civilization, a massive 11 volume popularized version of world history by Will and Ariel Durant. It was far from academic history and contained any number of howlers that would drive sticklers up the wall. But it was engagingly written and was a constant companion for many months during work breaks, sleepless nights and stolen moments.

The Durants would include discussions of literary classics in their rambles through history and I made a list and went back and read as many as I could.

All of which is to say that I made it through the Reagan era with the help of Homer, Hesiod, Aeschylus, Euripides, Sophocles, Plato, Herodotus, Thucydides, Shakespeare, and the like.

As poor as I was and as hopeless as the times seemed, I still remember the awe I felt on finishing Plato's Republic, the Oresteia of Aeschylus, and several of Shakespeare's tragedies and histories that I'd missed. That experience took me out, however briefly, from the grind and gave me a chance to think and reflect--and not to feel like a hunted animal.

There are some things you do that seem to take the life force out of you and leave you less than you were before, like zoning out in front of a television or playing video games during all your free time. But there are other kinds of things that seem to build you up. It could be a course of study, some physical discipline or learning an art or skill. These take effort and discipline but they can richly reward the time and trouble.

In my case, it helped me both to endure and eventually escape dire poverty--and left me with the will to do something about it when I had the chance.

R.I.P. the Bush administration's "ownership society."

WHAT A DIFFERENCE UNIVERSAL HEALTH CARE MAKES. In another op-ed, economist Dean Baker points out that if General Motors was a Canadian company, it wouldn't be in need of a bailout.

HERE WE GO AGAIN. Welfare rolls are increasing for the first time since it was "reformed" in 1996.

MORE BAD WV NEWS. Century Aluminum in Ravenswood may close.

GOAT ROPE ADVISORY LEVEL: ELEVATED

December 05, 2008

Dreadful memories


Here's hoping a car isn't coming.

El Cabrero spent a good chunk of the last few months working with a couple of partners on a fairly substantial report about the state of working people in West Virginia. Here's a link to a press release and the full report.

We wanted to look both at how things stand now and at how they've changed over a 30 year period, starting in 1979. It brought back a lot of painful memories of hard times.

Here's the short version. Once upon a time in West Virginia, a typical young person had a decent chance of finding a job with good wages and benefits without too much trouble. Then the ladder got yanked away.

In 1979, before the economic tsunami hit, WV was higher than the national average in hourly wages, pension, and health care coverage. The decade of the 1980s was an unmitigated economic disaster here. Unemployment through most of the 1980s and early 1990s was in the double digits. In 1983, the official unemployment rate was an incredible 17.3 percent. That didn't count discouraged or underemployed workers.

Those are just numbers. I remember plant closing after plant closing, massive layoffs in mines and manufacturing--and that was before the NAFTA wave crashed over us. It was grim.

It took us literally decades to dig our way out from under and begin making progress again. And now that we're getting back on track, we're threatened once again by the international economic meltdown.

It's always something, isn't it?

FILLING IN THE STREAMS. Here's more on the Bush administration's last minute maneuvers to ease restrictions on mountaintop removal mining.

ON THE OTHER HAND, Bank of America announced it will stop issuing loans to companies that engage in mountaintop removal.

WEATHERING THE STORM. Do personality traits make some people more adaptable in hard times?


WHAT WOULD HAPPEN IF THE AUTO INDUSTRY WENT UNDER?
Here's a link to an analysis from the Economic Policy Institute.

GOAT ROPE ADVISORY LEVEL: ELEVATED

November 21, 2008

Acting bad


The toy monkey insulted this man's honor.

El Cabrero is musing this week about how some cultures evolved in situations which promoted the use or threat of violence as a survival asset. Let me state again that people who want to make the world less violent would do well to try to understand the factors that contribute to violence.

As I mentioned yesterday, the researchers Richard Nisbett and Dov Cohen came up with some interesting findings as reported in their book, Culture of Honor: The Psychology of Violence in the South. I consider Appalachia to be a distinct cultural area from the deep south but they discuss that region as well.

The authors note that one leading cause of male violence is

the sense of threat to one of his most valued possessions, namely, his reputation for strength and toughness. In many of the world's cultures, social status, economic well-being, and life itself are linked to such a reputation. This is true wherever gaining resources, or keeping them, depends on the community's believing that the individual is capable of defending himself against predation. If resources are abundant or are not subject to theft (like those of most traditional farming peoples, for example), then a reputation for toughness has little value. But if resources are in a scarce or unpredictable supply, and if they are sufficiently portable that theft is a practicable route to bounty, then toughness has great economic value. Potential predators will go elsewhere rather than risk dealing with a man who knows how to defend himself and his possessions and who appears to be not afraid to die.


Again, such cultural values tend to develop in herding societies, where wealth is mobile, but they can last long after social conditions have changed.

I would write more about this subject today, but I'm off on a cattle raid...

UNEMPLOYMENT. The US Senate yesterday approved an extension of unemployment benefits. unemployment benefits. Here's some information showing why that's a good idea.

SITTING HERE IN LIMBO. Waiting for decisive action on the economy even for a few months could be really, really bad, as Paul Krugman argues in today's op-ed.

THINKING BIG. From Foreign Policy, here's an interview on the state of things with economist Jeffrey Sachs.

CAR TALK. Here's Dean Baker on the proposed bailout to the automotive industry.

CUTE PRIMATE UPDATE here.

GOAT ROPE ADVISORY LEVEL: ELEVATED

November 18, 2008

Chips and blocks


Roosters are not generally known for their conflict resolution skills.

Lately, Goat Rope has been exploring the cultural influences that shape how different people tend to think about violence and fighting.

My own family has deep roots in the gizzard of Appalachia. This is a nice place, but some of us around here descend from long lines of...shall we say...spirited Scotch-Irish people and even more spirited Celts. Some of the really crazy ones were on my father's side.

Those people were interesting, fun and colorful characters. They could be extremely generous and very gracious hosts and could really turn a phrase (provided you didn't mind some artful profanity). But many of them had what we might call a liberal attitude about scrapping when provoked.

There was even a saying in one branch of my family that people would say when someone displayed a lack of courage or spirit: "Where's your fightin' Gillespie?"

I wonder about the force of tradition and heredity. I am generally speaking a peaceful person. My day job consists of working for the American Friends Service Committee, a Quaker organization tolerant enough to hire me and even let me do this blog. I've spent a lot of time working on various ways of non-violently resolving conflict.

However, I've spent decades studying and practicing the fighting arts and would do it all the time if I could get away with it, bad knees and all. I love a good tussle, although generally of the non-physical variety.

My daughter (La Cabrita), a Ph. D. student in psychology, observed that I seemed prouder of her when she recently defeated a more advanced opponent at a karate tournament than for anything else she'd done. What can I say?--her kicks were awesome! My son (El Cabrito) could relate similar stories.

When they were little kids, La Cabrita out of the blue kicked El Cabrito across the room with a picture perfect side thrust kick. I am embarrassed to say that the first words that escaped my lips were "Good kick!"

That was something my great grandfather might have said...

Anyhow, I've recently read some interesting social science research on that might explain how some cultures (such as my own) got to be that way. As I've frequently argued, those who want to make the world less violent would do well to understand the things that contribute to violence. About which more tomorrow.

DADDY, WHAT'S A TRAIN? was a Utah Phillips song my kids enjoyed when they were little (and weren't kicking each other). On that note, here is an interesting take on the auto bailout currently being discussed and a call for investments in mass transit.

UNCONVENTIONAL WISDOM on taxes and economic growth here.

ARACOMA. Widows of two men killed in the Massey Energy mine fire in 2006 settled their suit yesterday.

GRATUITOUS ANIMAL VIDEOS here.

GOAT ROPE ADVISORY LEVEL: ELEVATED