Monday, November 3, 2014


KIRKUS ΑΝΑΣΚΟΠΗΣΗ 
  
Σε αυτό το λεπτό τόμο με το μικτού είδους ποιητικό έργο, ο Hillstrom διερευνά τις μεγαλύτερες δυνατότητες της ανθρωπότητας με ενθουσιασμό και σφρίγος. 

Μέσα από μια πόλη ερειπωμένη από τον πόλεμο, μια γιαγιά οδηγεί μια ομάδα ορφανών. Αναζητώντας καταφύγιο για τη νύχτα, ξεκόβουν από το ποτάμι των προσφύγων που φεύγουν για να σωθούν. Έτσι αρχίζει μια ιστορία μέσα σε ιστορία, με θεατρικές σκηνές ανάμεσα σε στίχους, που διηγούνται την ρημαγμένη πλέον ζωή όσων επέζησαν από τις μάχες. Καθώς πέφτει η νύχτα, η γιαγιά αρχίζει να λέει στα παιδιά την ιστορία ενός εξόριστου σιδερά, μιας γυναίκας και ενός ποιητή-τρία συμβολικά πρόσωπα που αντιπροσωπεύουν την ελπίδα να σπάσει η αλυσίδα των πολεμικών συρράξεων που πληγώνει τον πολιτισμό.  

Αναφερόμενος σε βιβλικές και σύγχρονες συγκρούσεις, ο Hillstrom δημιουργεί ένα κενό στον χρόνο, και με αυτόν τον μηχανισμό, η παραβολή γίνεται το όχημα μετάδοσης της σοφίας από γενιά σε γενιά μέσω του ποιητή. Πράγματι, κυρίαρχο θέμα του βιβλίου είναι η ανάπτυξη και η ωρίμανση του ποιητή, χωρίς όμως να επισκιάζονται τα άλλα πρόσωπα.  

Το έργο του Hillstrom είναι φιλόδοξο, επιτυγχάνεται δίχως επιδεικτικό βερμπαλισμό αλλά με προσεκτική πύκνωση αφηρημένων εννοιών. Με απόηχους αλληλεγγύης και κοινωνικής ευθύνης, ο συγγραφέας χρησιμοποιεί τον σιδερά, την γυναίκα και τον ποιητή ως δυνάμεις που, με ανιδιοτέλεια και θυσία, αγωνίζονται για την επίτευξη αρμονίας στο νέο πολιτισμό που χτίστηκε από τα ερείπια του παρελθόντος. 

Στη σωκρατική / πλατωνική παράδοση, ο ποιητής-φιλόσοφος είναι ο μάντης, ο οραματιστής μάρτυρας που διώκεται και θανατώνεται επειδή διαδίδει την γνώση. Επικαλούμενος ιδέες που κυμαίνονται από την αρχαία Βαβυλώνα έως τον εργάτη-ακτιβιστή Joe Hill, και ζωντανεύοντας εικόνες της Εδέμ με την αρχετυπική γήινη γυναίκα και τον παντογνώστη ποιητή, οι σελίδες καίνε  με τα υπέροχα αλληγορικά θέματα και εγείρουν το μεγάλο ερώτημα εάν η ανθρωπότητα μαθαίνει από την ιστορία. 

Κατά την άποψη του Hillstrom, η καταστροφή του πολέμου γίνεται μια ελπιδοφόρα ευκαιρία για αναδημιουργία και η διαφώτιση του πολιτισμού είναι ο τελικός στόχος του ποιητή-φιλόσοφου. Όμως, στο τέλος, τα παιδιά είναι εκείνα που θα καθορίσουν τις εξελίξεις του μέλλοντος.  


Επιδέξια γλώσσα υφασμένη με διορατικές ιδέες, στίχος ελκυστικός και ζωντανός. 

Friday, October 31, 2014

My poetic drama, The Story of Our People, was released in the US and UK a few years ago. It is now available in Greek translation by Gavrielides Books. You can view the book at the link below.

Το ποιητικό μου δραμα εκδόθηκε λίγα χρόνια πριν στις ΗΠΑ. Τώρα διατίθεται σε ελληνική μετάφραση (δίγλωσση έκδοση) απο Εκδόσεις Γαυριηλίδης. Δείτε το βιβλίο στην σύνδεση εδώ.

www.gavrielidesbooks.gr/showtitle.aspx?vid=1830

Tuesday, October 21, 2014

Amazon vs Publishers & Authors

Paul Krugman has regrettably taken a position in the Amazon vs Publishers debate. Yes, monopolies can obstruct progress as can monopsonies. But what we have had for a very long time is an old boys' club of publishers and selected authors who charge too much for their books and restrict entry to their club. This is, I would suggest, an evident fact. Amazon is only now challenging  the status quo due to their ebook technology. Books should become much cheaper! And authors should be able to enter the market more easily without the screening and selective pressures of a narrow industry! This should be a self-evident goal. So, which side of the argument should a thinking individual support?

Krugman oddly enough misstates some of the facts and talks in generic terms about the evils of monopsony. But when new technology disrupts established markets it generally means that there will be rising productivity and efficiency. This is the cornerstone of economic progress. Yes, of course, during such market shifts one needs to be watchful of emerging power blocks that could dominate markets and become negative forces. But the argument regarding Amazon is stretched. In general fears of new technologies developing into monopolies have proven to be illusory in recent history. Remember IBM and Microsoft? And those companies did have near monopolies. What is Amazon's market share? Why doesn't Krugman tell us?

My guess is that Paul Krugman belongs to the old boys' club and wishes to protect his privileged position as one of the select group of authors.

Tuesday, August 5, 2014

World Humanist Congress: Poem Dedication

The World Humanist Congress convenes on Friday in Oxford. The event held every three years holds promise for a more rational society across the world. In the spirit of the humanist effort I am dedicating a poem set out below. Let me simply say with regard to the poem's theme that I would hope that mythology could keep pace with developments in science and our overall knowledge base.

Best wishes to all of the delegates to the congress. May you have fruitful meetings.

Genesis RW

Born in a surreal cauldron
No Land for flesh or bone
Prior to Lucretius' Legos.
Simply sparks, energy in flux
Pregnant with fleeting strings, fetuses
Invisible to ultrasound. 
How can we see?

Spaceless place
Time an empty quiver
Constellations faceless
And Logos a barren womb.
Of such singular inferno
Of these exotic loins 
How can we speak? 

Inflating ripples, tidal waves,
Disdaining Light's borders
Conceive room to stretch.
A cooling brew, but left
Gasping for oxygen,
Vital to nurse the unborn             
Or rust still absent ore.

Swirling gas dervishes
Drunk on hydrogen
In ecstatic embrace
Fuse elements, first
To twinkling starlight, then 
Herculean outbursts
Viewed by none.

A universe flutters its wings
Abandons its fiery nest.
Dice rattle incessantly
Supernovae, meteors, orbs anew.
The lost cauldron's embers
Crackle from the depths.
Penzias, listen! 

Spinning galaxies
Spiraling solar tails
Entangled with satellites
Dance round dark sink-holes
Merciless, congested prisons
Shadowless Lands.
No escape!

Light, undefeated, races on
Surfing Nature’s memoirs.
Beam on Isle Earth
Its gurgling volcanos.
Come Spring rains reset 
Clocks to geology time.
Slow, slow hands.

Tiny replicators, jiggling 
Seeking minerals, sunlight,
Synthesize cloned twins.
Oceans green with algae
Smokestacks spewing oxygen
Gift predators breath to feed, breed.
Charles sets sail.

The Beagle tacks in trade winds
Tracking eukaryotes, pioneers,
Autotrophs and cannibals,
Gliding, drifting migrants,
Littering fossils, new tricks              
Of survival in brutal fields. 
A tangled course ensues.

Phenotypes proliferate, diffuse
Reptiles crawl from seas
Birds flock to the skies,
Aerial invaders 
Terrorizing feeding grounds,
Chirping in harmonic tune.
Song blossoms.

Great Rift Valley, plains, 
Rivers and smoking rock.
Clans of pithecines scavenge
Challenge parched nomads at ponds.          
Chip stone tools, hand axes,
Rippers and scrapers.
The armed thrive.

Trees aflame on the horizon
Fire stampedes in reckless fear.
Erectus hides in streams
Surveys smoldering remnants
Exhumes simmering meat, red coals
Builds model kindlings, vigilant guards.
The dragon is tamed.

Mt-Eve and Y-Adam,
Nurtured in these wilds,
Bond in flickering cave-fire
Through grunts and phonemes
Whittle words, a recursive phrase.
Memes taste glacial ice
Atop snowy peaks.

Spirits and gods assail the Land
Each bush and tree glows
Ghosts hover ominously.
A shaman poisons Adam
Priests lead throngs in hymn
Rally masons to stone wrenching grinds.
Temples reign.

Seeds fall on fertile minds,
Land mines bursting with corn,
Gardens are tilled, flooded, sown,
Aurochs corralled, penned. Villages
Camp on crescent banks 
Canoes shuttle currents.
A bridge is crossed.

Walled cities, braced by cedar
Transplants, tower over fields.
Chiefs seal pacts with priests
Perch on high thrones gleaming 
Newly mined gold under the sun.
Scribes bake myths in clay.
History hatches.

     “The universe has a voice," you boast.
     "And you, hubristic fellow, 
     Would portray its spokesman?"

Smelted metals shine
Swords and shields adorn men
Warring States Carpunt Diem.
Pillars quake, ignite, 
Collapse in clouds of ash.
Empires wane, wax anew
Neath untroubled stars.

     “All the Earth is a stage

     And all the players tragic soldiers.”

Monday, March 17, 2014

Crimea

Crimea:
A Neutral Analysis

The vote is in. Now the question is whether calmer heads will prevail or whether we are heading for new confrontations. Of course we must examine and analyze the events of the recent and more distant past. No serious discussion to diffuse the crisis can take place without an appreciation of the facts. Unfortunately, the media in the West is not helping. It almost appears as though the media today is behaving as though they are living in a James Bond movie scenario where they are fueling tensions in order to ‘sell’ the news.
The Crimea, like all of Europe, has a checkered past of human migrations and shifting empires. But since the Crimean war the territory has been controlled by either Russia or the USSR. In 1954 the territory was ceded to the Ukrainian Socialist Republic within the USSR. This was during Khrushchev’s tenure as leader of the USSR. Following the collapse of the USSR the territory remained within the Ukraine, but as an autonomous region. This small detail is continually overlooked by the Western media. Instead they consistently stress that President Obama has called the referendum over the future of Crimea unconstitutional. And the media concentrate on so called human interest stories of individuals or minorities who are opposed to joining Russia, but are afraid to voice their opinion or to vote their conscience.
There were significant numbers of Russian troops on the territory before the crisis. Russia maintains a huge naval base in Sevastopol under an existing agreement with Ukraine. The Ukrainian government receives benefits under that agreement including subsidized prices for its natural gas from Russia. Despite these benefits there are nationalist sentiments in Kiev in favor of canceling the accord. This conflict of interest between the Russian Federation and the Rising nationalist groups in Ukraine lie at the root of the present crisis.
One further fact is that the majority of the population on the Crimean peninsula happens to be Ethnic Russians. These ethnic divisions within Ukraine are well known. Now are the Russians without fault? Certainly there have been troop movements within Crimea, as well as standoffs between troops and camps of differing persuasion. Admittedly that is not an ideal situation for holding a referendum. Was the vote really 97% in favor of joining Russia. Probably not. But no one seriously doubts that a strong majority of the population in Crimea does favor this step. 
Given all of the above facts does it make sense for President Obama to talk about a breach of international law and to insist that the referendum is unconstitutional? The truth is that allowing regions of countries to break away from existing nations has multiple precedents in recent history. Yugoslavia broke up into multiple pieces with the support of the US and Germany. Czechoslovakia split into two, fortunately peacefully with mutual consent between the Czechs and Slovaks. And South Sudan has now been recognized as an independent state by the West. Indeed such geopolitical changes are often actively supported under the policy known as responsibility to protect. So what determines which cases are to be acceptable and which a breach of international law?
Clearly the answer to this question lies solely within the realm of the strategic goals of the US government and the analysis of the think tanks that support those goals. In the case of Crimea there is an evident double standard being applied. And that double standard has its roots in the continuation of US policy following the collapse of the communist block in Eastern Europe. The US had for decades pursued a policy of containment and encirclement of the Soviet Union. Ultimately that policy succeeded in bringing down the communist system. There was an opportunity for peace across Europe and the world at that juncture in recent history. But the US decided to continue its then existing policy. And the European Union was complicit in this renewed policy push. As the new regimes in Eastern Europe struggled to reorient and rebuild their economies, they turned to the EU for financial support. Also, being on the rebound from the Warsaw Pact, they sought to join the EU. The EU was open; it shifted toward a rapidly expansionary policy quite quickly. But the condition for every candidate state for EU membership was that it should first join NATO. Why was this step required?
NATO had been formed within the policy dictates of containing the USSR. But the USSR had just broken apart and the Warsaw Pact had been disbanded. What possible purpose could NATO have at that point. Of course various rationalizations were suggested: to maintain the successful cooperation between European and North American countries, to support the US in its confrontation with the terrorists of September 11, or to create a shield against Iran. But actions always speak louder than words. As Eastern European countries joined NATO, one after the other, the military line of control was increasingly pushed to the East up to Russia’s border. Now, it is apparent that the next goal was to force the closure of the Russian bases in Crimea. This is not a reset of relations. It is aggression pure and simple.
The scenario we are now facing is that positions will harden and Europe and the world will move again toward a cold war along a frontier that will be far more difficult for Russia to defend. The alternative, the only alternative that would allow a peaceful direction, would be for the US and NATO to reverse their confrontational strategy and to open honest negotiations toward disarmament. Within the political scene in Washington Obama was probably the best hope for such a shift. But he has given up any pretense favoring such a policy shift. He has joined the cold warriors who are back in the ascendency. So, the only possible source for a shift in policy at this point is Europe. The EU finally needs to differentiate itself from US strategic goals. It needs to stand up and reject those goals and insist on new directions and honest negotiations with Russia. Parroting US propaganda is not a solution. 

Sunday, November 27, 2011

Living in Default: The Greek Debt Crisis and the Future of the Euro

The crisis over how to resolve the excessive debt of peripheral countries within the Euro zone, especially the case of Greece, seems to drag on incessantly. Presumably a new decision will be taken by the next EU summit on the 23rd of this month.  In the meantime opinions proliferate.  As is often the case the majority of opinions in circulation are little more than ill-informed political slogans.  What is needed, of course, is a comprehensive analysis of the background to the crisis and commentary on alternative ways forward.  Having lived and worked in Greece for much of the past four decades, perhaps I am in position to provide such an analysis.

Background:
Greece has had a history of debt problems.  It was a country that was born into debt at the time of its emergence as an independent nation after the revolution against the Ottoman Empire in 1821.  After World War II there was a period of economic stability and growth. However, in !967 a coup resulted in a 7 year dictatorship. And following the reestablishment of democracy in ‘74 an unfortunate trend took hold in favour of populist policies and state intervention in the economy.  Most observers blame Andreas Papandreou for this legacy, but in fact both major parties have contributed to the process. 

The first Prime Minister following the dictatorship was Konstantin Karamanlis, the leader of the conservative New Democracy Party. His government prosecuted a case against a banking and industrial group (Andreadis) and nationalized two large banks and a large shipbuilding facility.  When Andreas Papandreou[1] came to power in 1980 he began a wholesale ‘socialization’ of vast sectors of the economy. Since then Greece has remained one of the most Statist economies in Europe. In fact many economists consider Greece to be the last bastion of an Eastern European styled, state run economy.  At numerous times since then there have been proposals to privatize state owned companies, but very few privatizations actually took place.  And despite the fact that over the ensuing three decades power shifted several times between conservatives and socialists, this extended public sector realm remains in tact.  A local newspaper recently commented that we have in effect had a shared political leadership between the party in power and the unions of the state run companies.

Over the course of nearly four decades (i.e. since the collapse of the military dictatorship and the return of democratic rule) the Greek economy ran twin deficits, both a public sector deficit and a negative trade balance.  During the ‘80s and ‘90s some discipline was provided by the markets and by the programs established in accordance with membership in the European Union.  So the deficits were held within limits during those years, but the structural trend was never reversed.

Maastricht and beyond
The Maastricht Treaty, which established the rules for the Euro currency, is considered either as a visionary plan for Europe or as a poorly designed project for currency union, depending on one’s perspective. The latter view is more prominent today because of the crisis at hand.  At the time there were ample critics to point out the flaws in the project.  The EU included members with greatly divergent economies.  So it was obvious that any country joining the Euro should be subject to scrutiny.  The Maastricht Treaty dealt with the problem by proposing to permit entry only to those countries with a public sector deficit of less than 3% and total public sector debt of less than 60% of GDP.  In practice these criteria were relaxed to allow countries such as Belgium and Greece with debt to GDP ratios of more than 100% to enter as long as their trend was positive.  Popular support for the Euro project was weak in more developed countries[2] but strong among the weaker, peripheral economies.  

The Simitis’ government devalued the Drachma in ’97 and began an earnest attempt to impose discipline on the Greek economy in preparation for the country’s entry into the Euro in January 2002.  This austerity program was largely successful with the result that the public sector deficit was brought under the 3% barrier, inflation was tamed and the Drachma actually appreciated to recover about half of the value lost in the devaluation.  Still there were few structural reforms of the economy aside from the banking sector. The debt ratio remained above 100% and interest rates on the Drachma remained high, declining from double digits at the beginning of 2001 to several points above the European average at the end of the year.  And yet Greece entered the Euro on schedule January 1st 2002.

Following Greece’s entry into the Euro club it was clear that there was a need for an extended period of careful economic management toward convergence with more developed European economies.  Unfortunately that never happened.  A strong trend began within the Euro zone where interest differentials between national economies began to decline sharply.  This trend was known in the markets as the ‘convergence play.’  So the rates charged on government bonds of the various Euro zone nations began to decrease.  For Greece the premium over Deutsche Bunds declined from nearly 200 basis points (2%) to just over 10 (one tenth of a percent).  The assumption was that the Euro economies would naturally converge and that there was an implicit guarantee that a country within the Euro would not be allowed to default.  But during this period of easy credit under the influence of this convergence play no global institutions emerged other than the European Central Bank (ECB).  And national governments were only loosely monitored to ensure true economic convergence.

So Greece failed to implement the necessary reforms; easy and cheap money was readily available to fund the ongoing twin deficits.  The economy grew at rates well above the Euro zone average, but all of the growth was based upon borrowed capital.  And then the banking crisis of 2008 struck.  Suddenly markets realized that risks too need to be managed.  And traders came to understand that money could be made through short positions as well as long, as described in Michael Lewis’s book, The Big Short.  Since then the Greek economy has been under pressure.  Capital was no longer available, so Greece had to turn to its Euro zone partners to service its existing debt.

Populists and Pundits
From the moment the current PM, George Papandreou, was elected in the fall of 2009 and discovered that the public sector deficit had risen to 15% Greece has been under EU support and supervision.  But the EU and more specifically the Euro zone countries have pursued a muddling though policy trying to deal with the crisis piecemeal.  Greece has endured a severe recession for two years now with no end in sight. 

In part the problem stems from populist politics.  In Germany the idea of bailing out profligate countries is anathema.  Yet as the crisis subsequently spread to Ireland and Portugal and now threatens Spain and Italy, pragmatism suggests that something needs to be done to stem a major systemic tremor across the EU and the world.  In Greece the government has managed to pass legislation to finally commence economic reforms and a privatization plan.  But they have been slow to actually implement these policies.  What they have done is to decrease public sector salaries and pensions and increase taxes.  But these measures have merely exacerbated the recession.  The fact that economic convergence can never take place without growth seems to have escaped the collective consensus among European leaders.

Discussion now centers on the sudden realization that the level of Greek debt is not sustainable.  In fact without growth no national debt in any economy is sustainable.  So in July the EU approved a new plan for Greece that included a voluntary program for banks to forgive 21% of their holdings in Greek Government Bonds (GGB).  That agreement is now seen as inadequate, so discussions are underway to increase the write down of Greek debt.  Of course there is a nasty detail that raises its ugly head under such a scenario.  The banks that hold this debt, banks not only in Greece but across Europe, will sustain heavy losses and require new capital to remain solvent.  So the debt crisis will morph into a banking crisis.

There are two issues to consider here.  The first is why the banks accumulated such large concentrations of Greek debt.  In fact it was the result of faulty regulation.  Under the rules for capital adequacy for banks exposure to OECD governments in the same currency were deemed to be risk free.  So banks were able to stock up on the debt of peripheral economies within the Euro zone without consideration of risk.  And up until 2008, while the convergence play was the vogue, banks earned nice profits on those positions.

Many may feel that it would be appropriate to simply allow the banks holding GGBs to fail.  I belong to a minority of the progressive community who believe that to be a mistake.  The problem is that the banking sector is the best conduit to economic growth and depression as well.  The reason is that banks stand at the center of the so-called multiplier effect.  When deposits increase at banks, loans to companies and individuals increase many times over.  Likewise when banks collapse depositors lose their capital together with the capital of the banks themselves and this creates a tsunami effect through the real economy.  So, in spite of public opinion and demonstrations against bank bail outs, at the end of the day banks will most assuredly be recapitalized whatever the costs.  The curious thing is why European leaders would prefer to recapitalize banks rather than provide the capital necessary to support the convergence of the peripheral economies such as Greece.  The answer to this lies in populist politics.  The same was true during the mortgage crisis in the US.  No one wanted to support the ‘poor schmucks’ who couldn’t pay their mortgages.  But when the banks came under pressure from their foolish and fraudulent practices ample capital was available to save the day.
Pundits are as always readily available to offer opinions during crises.  To be fair some of the opinions circulating in the blogosphere are well reasoned.  But others go off the deep end.  One of the more radical opinions is that Greece should unilaterally leave the Euro and resurrect the Drachma.  That would allow the country to devalue its way to competitiveness and to maintain its national sovereignty.  This view is terribly short sighted.  The devaluation that would be required before reaching some stable level has been guestimated to exceed 50%.[3]  And even after devaluation, Greece would still require an extended period to reform its economy.  Capital for growth would not be available from the market without such reform.  Moreover there is no appreciable support in Greece for the idea of exiting the Euro.  And the issue of economic sovereignty is bogus.  A currency union must entail some measure of common policies and institutions.  The failure so far within the Euro zone has been that such policies have not been implemented.

The Road not Taken
The fact is that the Euro currency has been in place for a decade now and despite the current crisis it has in many ways been successful.  If European leaders allow a Greek default, the crisis will almost surely spread to other peripheral economies.  Markets will rightly surmise that there is a lack of political will to defend the Euro area in its entirety. Consequently they will intensify an attack already underway against Portugal and Ireland and quite probably then Italy and Spain.  A break up of the Euro zone would be a very messy affair.  Public opinion in Germany is toying with the idea that Germany should bring back the D Mark.  But, if they were to do so, the new D Mark would appreciate so rapidly that it would bring about a sharp recession in Germany and in any countries which chose to follow suit and peg their own new currencies to the Mark.  The former German PM, Helmut Schmidt, made exactly this point in a recent interview.

The most promising way forward on the contrary is to strengthen the Euro zone.  So the real question is how to achieve the strengthening of the Euro zone economy.  The starting point would be to recognize that all outstanding Euro zone debt is a reality.  Trying to play games by writing down that debt as an exception for Greece only to necessitate recapitalization of banks is frankly a back-assed forward means to resolving the crisis.  The appropriate thing to do is to replace all outstanding government bonds within the Euro zone with Euro bonds backed by the ECB and the combined governments of the currency union.  (A watered down version of this solution was floated in fact, whereby such bonds would be issued up to 60% of the GDP of Euro zone economies, but the proposal fell upon deaf German ears.) 

This Eurobond mechanism would, of course, need to be linked with a parallel process to create and enhance Euro zone institutions.  Let me summarize briefly the institutions needed to move the collective Euro zone economy forward.  First the ECB should have its mandate revised to include a bias in favour of growth as well that of being a guardian against inflation.  Second, a Ministry of the Euro Area Economy should be created.  All national budgets would be approved and monitored by this super sovereign ministry.  Unemployment insurance must be administered across the zone to ensure that regions which temporarily have high unemployment, such as Spain and Greece today, are provided with insurance without burdening national budgets.  Similarly public pension programs across the zone should be merged and monitored to ensure stable income to pensioners in times of crisis, but also to ensure that the pension funds remain actuarially sustainable into the future.

Of course, there will be resistance to such new policies.  But allow me to suggest that it is the only viable way forward. Of course, there must be plans to reform profligate national economies such as Greece.  But if such reform is not supported by the necessary transfer of knowhow and capital, but instead by naked austerity, then the peripheral economies of the Euro zone will enter a downward spiral of recession.  The recession in the periphery will eventually infect the stronger European economies.  And, the common currency project for Europe will end in disaster.

While the policies and institutions needed to shore up the future of the Euro are unpopular, they are precisely those that eminent economists recommended when the Euro was launched.  But given the imminent economic downturn and the state of public opinion, only visionary leadership will be capable of dragging the people in tow in the direction of resolution and renewed growth.  Unfortunately it is hard to be optimistic when one surveys the quality of leaders in Europe today.  We are probably in for a rough ride.  And October 23rd will most likely come and pass without a comprehensive resolution of the crisis.


[1] Andreas Papandreou was the leader of the socialist party, the Pan-Hellenic Socialist Movement, PASOK. He was the father of the current PM, George Papandreou.
[2] The French narrowly approved the Treaty in a referendum known as the ‘petit oui.’
[3] Some pundits have actually said more than 100%, but it is impossible to devalue a currency by more than 100%.

Thursday, April 14, 2011

Palestinians arrest suspect in murder of Israeli actor Juliano Mer-Khamis
Juliano Mer-Khamis was a talented actor and a humanitarian whose work supported peace in Palestine through theatre and the arts.  His tragic death represents a great loss to cultural creativity and to the voices for reason and compassion within the Israeli-Palestinian conflict.  Perhaps more tragic still is the hatred and the bile emanating from the blogosphere written by thoughtless Zionists rushing to shout, “I told you so.”
The actor participated in the film Miral, which I have not yet seen, unfortunately, but which hopefully will become an even greater success and still more influential through the martyrdom of Mer-Khamis.  The author of the book on which Miral is based and of the screenplay for the film is Rula Jebreal.  She gave a particularly poignant interview last night on CNN, despite the efforts of Fionnuala Sweeney to cut her off.  Ms Jebreal said she feels that Mer-Khamis is still alive.  I find this a touching statement that brings to memory the song about Joe Hill.  As it happens, Joe Hill has long been a symbol for my own work.  In fact I owe to him my pen name, ‘Hillstrom.’  Joe Hill and the poet Lorca, who also met a tragic death during the Spanish civil war, provided the inspiration behind my poetic drama, The Story of Our People.
Perhaps the lovers of Peace within Palestine and aspiring young actors will find solace and inspiration in Mer-Khamis’ life’s work.  And perhaps a new inspirational song, I dreamed I saw Juliano Mer-Khamis, alive as you and me, may well from the lips of legions of budding Palestinian poets.