Compromise of Straw

The following is the text of the British amendment to a second resolution to the U.N. Security Council demanding that Iraq disarm:

Determined to secure full compliance with its decisions and to restore international peace and security in the area,

Acting under Chapter VII of the Charter of the United Nations,

1. Reaffirms the need for full implementation of resolution 1441 (2002);

2. Calls on Iraq immediately to take the decisions necessary in the interests of its people and the region;

3. Decides that Iraq will have failed to take the final opportunity afforded by resolution 1441 (2002) unless, on or before 17 March 2003, the Council concludes that Iraq has demonstrated full, unconditional, immediate and active cooperation in accordance with its disarmament obligations under resolution 1441 (2002) and previous relevant resolutions; and is yielding possession of UNMOVIC and the IAEA of all weapons, weapon delivery and support systems and structures, prohibited by resolution 687 (1991) and all subsequent relevant resolutions, and all information regarding prior destruction of such items;

4. Decides to remain seized of the matter.

Assessment Obviously this gives the US automatic authorisation to go to war simply by vetoing any resolution consistent with the terms of Item 3. Hence, it is simply a mean and tricky version of the previous draft, which itself was weaselly in its failure to include an explicit an authorisation of war. The obvious countermove is a resolution imposing specific demands on Iraq in place of what is in effect a demand to satisfy George Bush.

My top 5

Given that I just reread High Fidelity, I can scarcely refrain from the current trend for listing a top 5 group of referrers. My stats counter only gives this ranking on a “lifetime’ basis, so I need to aggregate across various incarnations of the same blog, and this makes the actual ranking a bit tenuous.With that caveat regarding order, my all-time top 5 referrers are:
Jason Soon;
Tim Dunlop;
Ken Parish;
Steven Den Beste; and
Me;

The first three don’t surprise me, and shouldn’t surprise anybody. These are the blogs I read most regularly, link to most often, comment on most frequently and generally regarded as my closest neighbours in the virtual world of Ozplogistan. Den Beste’s is the only one of the top-ranked US blogs I comment on with any frequency (generally critically) and he occasionally replies. Since he has about 50 times as many readers as I do, this invariably produces a huge but short-lived spike in visitor numbers – I guess the majority of USS Clueless fans are unlikely to become permanent readers of my blog.

Finally, when I started the blog I saw it in part as an exercise in cross-promotion with my website, and it has succeeded in this respect – I get more visitors to the website and a steady flow of referrals back to the blog. I didn’t realise, of course, that moving from running a website to running a blog was like going from marijuana to crack cocaine, but it’s too late now.

What I'm reading

What I should be reading is Magill and Quinzii Incomplete Markets, an excellent work on finance theory that drops the usual assumptions of perfect rationality and complete markets. Of course, this is just the time when I decide it would be a good idea to reread the complete works of Nick Hornby and watch the movie versions for purposes of comparison. So far we’ve all watched the movie of Fever Pitch and I’ve reread most of it, as well as High Fidelity.

All about George

Tim Blair finally concedes (only implicitly) that opponents of war aren’t anti-American, saying “It’s all about Bush. These people are as shallow as Lake Eyre .”

Tim, and other warbloggers who have taken the same line, are showing the shallowness of their own thinking. Of course it’s about Bush and his Administration. In any war, the questions “What are we fighting for” and “Who are we fighting for” are at least as important as “Who and what are we fighting against”. Having judged that the Bush Administration is consistently dishonest and pursues policies based on a narrow calculation of the short-term interests of the United States (and in domestic policy, only the wealthiest inhabitants of the United States), I’m unwilling to follow them into a war if I can avoid it.

In the particular case of Iraq, if you don’t believe the statements of the Bush Administration, the core of the casus belli, namely the need for immediate action on WMDs, collapses completely, as does the claim that war with Iraq will assist in fighting terrorism. And if you don’t trust them to engage in constructive democratic nationbuilding in the aftermath of a war, the humanitarian case for war also fails.

Update Kevin Drum reaches much the same conclusion, based particularly on the exposure that claims about Saddam’s nuclear capabilities (which were, at one time, central to the Administration case for war) were based on clumsily faked documents. Kevin attributes the Administration’s acceptance of these documents to incompetence rather than dishonesty, but the logic is the same.

For a variety of reasons related to post-war planning and Bush’s seeming indifference about tearing down international institutions in order to get his way, I’ve been on the fence about war with Iraq for several weeks now. Basically, I figured that all it would take is one more thing to send me into the anti-war camp, and I think this is it. If we’re planning to start a war based on intelligence from the same guys who made this mistake, it’s time to take a deep breath and back off.

I still believe strongly that we need a tough-minded long-term policy aimed at eradicating terrorism and modernizing the Arab world (among others) — and that this policy should include the use of force where necessary — but not this time. This is the gang that couldn’t shoot straight.

Further update Jean-Paul of The Agonist has also switched away from support for war, calling the bogus claims “One lie too many”. Josh Marshall reaches the same conclusion, on slightly different grounds.

The pros and cons of handling Iraq have never been separable from how you do it, the costs you rack up in the doing of it, calculated against the gains you’ll get in having accomplished it. At this point, we truly have the worst case scenario on the international stage. And I think that those costs now outweigh the gains.

(links via Matthew Iglesias. And the NYT has also switched. It’s pretty clear that it’s now or never (or at least not for a long while), as far as war is concerned. The latest evidence means that Powell’s UN dossier, which still forms the core of the Administration case, has been comprehensively discredited (the only substantial evidence still standing is that from the telephone intercepts, which are essentially uncheckable). It will take a week or so for this to sink in among people who follow the news less closely than those I’ve cited above, but the decline in support for war is only going to accelerate.

Incitement & racial hatred

An imam in Britain has been sentenced to nine years jail for incitement to murder and inciting racial hatred. This raises the question of whether a separate offence of inciting racial hatred is necessary. In this case, I don’t think so. The standard law prohibiting incitement to murder was adequate, and I think it was unreasonable to tack two years of consecutive imprisonment for inciting racial hatred onto the main sentence. On the other hand, it would be easy enough for a moderately clever preacher of racial hatred to word their statements in such a way as to encourage racial attacks without actually saying enough to be convicted of incitement to murder.

More on global warming

I noted a couple of days ago that the economic argument on Kyoto has largely been won. The BCA shift to a neutral position reflects the fact that the economic costs of Kyoto will be small. Warwick McKibbin <a href="http://www.msgpl.com.au/msgpl/download/ep10.pdf”>continues to argue (PDF file) that his alternative provides a better way of dealing with uncertainty about implementation costs, and he makes some good points. In my view, Warwick’s arguments are more applicable to the design of a substantial post-Kyoto initiative than to the first steps involved in Kyoto itself.

It might be useful to point to some developments in the scientific debate, with the warning that, like most bloggers, I’m not an expert on most of the relevant issues.

The most impressive evidence against the global warming hypothesis (GWH) has been the satellite data, which originally showed a strong cooling trend, directly contrary to the evidence of surface-level warming. The inconsistency was partially resolved when Matthias Schabel and Frank Wentz pointed out that the measurements, taken by a team led by John Christy at the University of Alabama, had failed to account properly for the gradual decay of satellite orbits. When this adjustment was made, the satellite data showed a weak upward trend. There’s been a bit of back and forth adjustment since then, but now Schabel and Wentz have struck again with a statistical analysis (PDF file that brings the satellite data much closer to the ground-level, though there is still a gap between the trends. This research is still unpublished, and no doubt there will be more debate, but it looks as though the contradiction between the data sets has been reduced to a minor anomaly, which will be resolved in due course. As Schabel and Wentz note in their abstract, this is bad news for critics of the standard modelling of water vapor feedbacks, who have relied heavily on the satellite data.

A second area of contention has concerned events at the poles. I tend not to put too much weight on this because I’ve formed the impression that polar climates are inherently highly variable, poorly understood and subject to severe measurement problems. This impression has been reinforced by what I’ve seen over the last year or so, which seems to have something for everybody. On the one hand, the spectacular break up of an ice-shelf recently gave rise to this report suggests that sea-level rise may proceed more rapidly than was previously thought. On the other hand, large parts of Antarctica appear to be cooling, not warming, which is not what the GW models predict.

Although it often seems as if these issues will never be resolved, at least one hypothesis should be subject to a conclusive test in the next few years. A number of sceptics have argued that the high global temperatures of recent years are due to the combination of variable solar activity and the El Nino cycle. No-one disputes the importance of El Nino, but the solar cycle idea is rejected by most climatologists.

Sceptic John Daly points out that the peak of solar activity has passed, which he says should imply declining global temperatures over the next few years. Obviously it would be good for all of us if he was right – on the standard version of the GWH, serious environmental damage seems inevitable even if we implement then extend Kyoto.

If, as I expect, we see a continuation of the warming trend, an acceptance by Daly and others that their hypothesis had been refuted might help to mobilise serious action.

Unfortunately, there is always the intermediate possibility of data that is not conclusive either way. Murphy’s Law suggests that this is what we’ll get.

Where is everybody ?

It’s been a very quiet week in my corner of Ozplogistan. Nobody at Catallaxy has posted anything since Heath Gibson presented a very effective critique of my friend Clive Hamilton’s proposals to regulate Internet p0rn.Ken Parish has just resurfaced after a week in the Red Centre trying to salvage the NTU operation there – sounds like a lost cause – with Wayne Wood holding the fort in the meantime. Kim Weatherall is also just back after a long hiatus. “Simon Crean” seems to have vanished entirely, perhaps in a tribute to the many pieces recently that have noted the invisibility of his real-life counterpart (my take: > This is an anti-Crean beatup. For Opposition leaders, invisibility is the rule rather than the exception). Simon’s blog hasn’t been updated since Xmas and he has disappeared from my comments threads.

On the plus side, Gareth Parker has responded to Jason Soon’s challenge by revealing his outward appearance. Scott Wickstein has gone one better by revealing his inner self. And in far-off Washington DC, Tim Dunlop upholds the virtual nature of Ozplogistan with the observation that this blog is among his top 5 referrers for February. I don’t think Xtreme tracking gives this information, which makes me think perhaps I should be investigating alternative hit counters. OTOH, the last thing I need is more stats to look at!

Others who’ve been busy and interesting this week include Gary Sauer-Thompson, Rob Corr, Carita Kazakoff and Gianna.

Update I should have known this would happen. I forgot to mention Gummo Trotsky and he immediately spat the dummy. What makes it worse is that I really enjoyed Gummo’s post earlier in the week on how to annoy a libertarian. Maybe this could be the beginning of a series for other political alignments.

While I’m at it, I’ll dig an even deeper hole for myself by mentioning some interesting posts from William Burrough’s Baboon and , so now the people I haven’t mentioned will be even more annoyed.

Metablogging

I had a piece on blogging in the Review section of yesterdays Fin Review (yes, I know its confusing). I tried to move a bit beyond the “Blogging 101” story that has been run a few thousand times by now, and look at the implications of the Lott cases (Trent and John) for the relationship between blogs and traditional media (which, I should have observed but didn’t, basically means newspapers and their online offshoots in this context). Online versions should be available for AFR subscribers and for those with access to Lexis or Factiva. Everyone else will either have to find a physical copy of the paper or wait until I post it. I’ve discovered that access for AFR subscribers only goes back eight days, so I now plan to post my own articles as soon after this period as possible, given my increasing overcommitment.

While I’m on this topic I just ran across a fascinating piece by Doc Searls and David Weinberger called “World of Ends What the Internet Is and How to Stop Mistaking It for Something Else. ” Most of it will be familiar to readers of Lessig or to anyone who’s hung round the Internet long enough, but it’s a witty and succinct restatement of the case.

The 'children overboard' refugees finally reach Australia

According to this ABC report about half the refugees involved in the bogus ‘children overboard’ incident have now been allowed into Australia. The number of people accepted would have been much larger if not for the fact that, after they arrived, the Taliban government in Afghanistan was overthrown. I don’t suppose this will change anybody’s mind, but maybe some people will feel a tiny twinge of conscience about the things they said and the lies they chose to believe.

The Zeitgeist and the banana republic

A couple of days ago, I noted the “developing attitude of the Republican establishment towards government debt, which is essentially that of banana republic populism. “. Now the same characterization has hit the pages of the NYT, in a piece by Floyd Norris on the decline of the dollar

To John Paul Rathbone, an economics commentator on breakingviews.com*, such borrowing is evidence that the United States is “taking on the financial characteristics of a banana republic.”

That’s a hostile view from Britain. But borrowers need to worry about what lenders think of them.

Norris is careful to put exactly the right amount of distance between himself and the “banana republic” characterization. But who would have imagined, in the late 20th era of US economic triumphalism, that such a thing would be said at all, let alone in the NYT Business section.

*The breakingviews.com site requires registration -free for a 30 day trial. The article to which Norris refers discusses the shift from direct FDI into the US to debt, then goes on to observe

In a typical emerging markets crisis, this deterioration would go two steps further. Investors would require ever shorter maturity debt, which then has to be rolled over. And increasingly they would demand that the debt be denominated in a foreign currency, which removes any chance that the country inflates away the problem by printing money. The US doesn’t have the latter problem. But the steepness of the yield curve does suggest some investors are turning to shorter-term bonds.

Furthermore, as State Street strategists point out, the US is not an obvious home for value-conscious bond investors anyway. For one, the Federal Reserve has a high tolerance for inflation, at least compared to the European Central Bank. That suited the US when equity capital flows ruled the currency markets. But it doesn’t in these risk averse, bond-driven days. From that point of view then, it doesn’t matter for the euro that the European economy is struggling. Indeed, quite the contrary is true. The euro will probably continue to rally against the dollar, despite a worsening eurozone economy, simply because euroland bonds are a safer bet.

This is all spot on, though I don’t rule out the final stage of a resort to the printing press and a flight from dollar-denominated assets.