Nov

10

Want to see a bit of the Niger Delta?

Filed Under Thoughts | 2 Comments

See this presentation on CNN. When we think of the Niger-Delta region and the movements we should remember that the region is one of the most environmentally degraded areas in the world, that this degradation happened in the recent past, and that it is still ongoing. We should not lose sight of that when we condemn the movements. Don’t get me wrong, this is not to show my support for the kidnapping of oil workers and their families, it is to provoke you to think about how life might be living under the conditions. Empathy has a serious role to play in understanding, and so proffering solutions to, the situation in Niger-Delta region.

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Nov

10

A New Deal?

Filed Under Reviews | 2 Comments

Paul Krugman thinks that Mr Obama has the chance of ushering in a FDR-like New Deal for the United States, but he thinks that Obama should be less cautious about his economic policies. He says that the shortcomings of FDRs New Deal, on the short run, was due to the cautiousness of the economic policies he introduced.

…Barack Obama should learn from F.D.R.’s failures as well as from his achievements: the truth is that the New Deal wasn’t as successful in the short run as it was in the long run. And the reason for F.D.R.’s limited short-run success, which almost undid his whole program, was the fact that his economic policies were too cautious.

In another paragraph:

The economic lesson is the importance of doing enough. F.D.R. thought he was being prudent by reining in his spending plans; in reality, he was taking big risks with the economy and with his legacy. My advice to the Obama people is to figure out how much help they think the economy needs, then add 50 percent. It’s much better, in a depressed economy, to err on the side of too much stimulus than on the side of too little.

The whole article, at Paul Krugman’s column, is here.

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