Ruminations.. a Magasine, Journal, Dartboard

Everything herein is fully disclaimed. Indeed, I reserve the right to share your displeasure with anything herein! Sometimes, we say something that doesn't come out as intended or we missed unintended implications; but in the interest of opening up discussion, I'll put it in this file anyway.

Quick Jumps

Skalak
Greek 1940s
US Greek Numbers
Spoof on Greek Food

To Richard Skalak (1923-1997)

	Oh, my great teacher, what a light you did shine upon us!  You
taught us curiosity tempered by discipline, adventurousness tempered
by modesty, and kindness tempered by humility. How you would do good
with one hand and not let your other hand know it. How you felt our
problems and our joys even more than we did.  How you liked
structurally sound yet simple things, whether your algorithms, your
sentence structure, your steel chair, your pencils, your bowties, your
old green Volvo, or even your yucca plant.  Even close to death, you
never tired working, once again teaching us by your wondrous example,
which none of us will ever be able to match.  How dare the soils of
the earth be so arrogant to think they might contain all that remains
of your greatness?  Oh, gentle, meek, but deservedly proud, Columbia
Lion, may the light from your intellect roar amongst Columbians and
the world for eternity!

Sweeping Theory on Terror

	They  "hate   America"   because their convoluted,    paranoid, lazy,
conspiratorial, parasitic,  third-world   thinking refuses  to   believe  our
society is really as  free, honest, trust-based and productive  as we say  it
is, so they therefore sink to the level of believing  we stole all our riches
from them to excuse their jealous rage.  All these guerrilla terrorist groups
were  empowered by  their  being   "non-aligned"  arbitrageurs of Cold    War
hostilities,  who thought they should play  one big power  against the other.
Only when the average citisen of a country decides the transparent legitimate
legal order matters do such purveyors of "private ordering" go on the run, as
happened when Italians  and Germans put  behind them the  old ideas which had
allowed the formation of Nazism, and therefore made it  possible to shut down
the Bader  Meinhof, Red  Brigades and even,   largely, the Mafia.   Japan and
Russia, today, are  indecisively on the brink of  breaking into the  realm of
such transparent society; Much of the world is not, and that includes many of
our smaller,  superficially  stable allies  which many  of  our  military and
diplomats find "quaint" postings and therefore do not seek to change.
	Brutal  conflict sociopathically   desensitises people  (as boot camp
during  Vietnam    was   intentionally  designed   to  do   because  military
psychologists thought  previous   generations of American soldiers   were too
soft; and as Smyrna caused the Greek Civil War to be incomprehensibly savage)
and this is why many of the "international  brigades" of the previous century
migrated from country to country and cause to cause, wreaking havoc on behalf
of the various totalitarians (it is not coincidence that totalitarians always
seem to  come to power largely due  to the help  of such non-native bandits),
including the Zapatistas, Bolsheviks, Kemalists, Nazis, Ba'athists and so on.
	That   bin Laden's al   Qaeda  organisation is  inevitably linked  to
Palestinian Hamas, the  Chechens (aka the  "Russian Mafia"), Albanian heroin,
Chinese Uyghurs, Irish IRA (which turns to breaking limbs of fellow Catholics
as a form of "discipline" when it gets tired  of killing Brits), Puerto Rican
FALN and Colombian cocaine FARC should not surprise  us.  Do not be surprised
if Timothy McVeigh joined them  in their decrepit hangouts  or if they joined
him in his.  The Chechens and Uyghurs  have done their  best to stunt efforts
at political and  economic  reform in Russia   and China  because it is   not
ethnicity which threatens  their terrorist way of  life, but the transparency
of  advanced  society;  Every    attempt    to  make Ulster,   Indo-Pak    or
Israeli-Palestinian peace seems doomed to be sabotaged  by them because peace
would end their savage lifestyle.  It is very clear  that no other founder of
a major faith carried  a sword (indeed Muhammad hijacked  caravans), so it is
not unreasonable that we  ask Islam to reform  its most noxious tenets: After
the second world war, the Shinto religion of Japan eliminated many of its own
militaristic   elements;  Pope   John (whose    body    was recently  exhumed
uncorrupted) was so shaken by the Nazi  evil of his  predecessor Pius that he
ushered in massive reforms (the "rejornamento" of the Vatican Council) during
his short tenure.
	Belittling unborn human life for the  sake of abortionist convenience
is one more  form of this   brutal desensitisation but  their  kind of brutal
sociopathy is precisely the disease  capital punishment was designed to cure:
Sociopathy  begets  sociopathy and  killing it   off,  rather than attempting
utopian bans on it in our schools, is the only way to control it;  St Vladmir
was once   advised that saving his  own  soul  by  banning capital punishment
violated his holy oath to protect the lives  and souls of his subjects, whose
own  souls would be damned  if they had to resort   to killing the killers on
their own.  That we  had sociopaths named  Andrew Jackson, Lyndon Johnson and
Bill Clinton as USA  presidents did not  help our situation, and  the current
bunch of   Prozac-addict desensitons is  only warping  our response.  We must
also stop being  hypocrits  about how illegal  drugs in  the USA  feed  these
terrorist organisations; instead of a failed prohibition of supply, we should
limit demand  by holding the users  of drugs  extraordinarily responsible for
the consequences  of their usage; Executing a  drunk  driver or a drug-crazed
thief seems shriekingly  unpalatable  to those  who have  guilty  consciences
about not having paid enough attention to raise  their children correctly and
yet this is the crux of a responsibility-based transparent society.
	At  the same    time,  as  we further  open   up  our   societies for
globalisation, we must guard the borders  of such globalisation, because many
countries whose citisens  benefit from  globalisation neither understand  not
desire the new  rules: If a country's  citisens seek refuge in the globalised
world, they still send money to their families back  home, and so the hostile
anti-globalist  state still benefits; Therefore,   we   must ban its   former
subjects even from seeking refuge  here, because as  cruel as it seems,  they
must find it necessary to take matters into their  own hands and change their
homelands rather than  find themselves here  with confused, frightened, mixed
loyalties  and perhaps eventually hostilities  towards  our society. 
	Fighting these  terroropaths is  much like fighting  common household
pests  or viruses,  which requires   techniques  akin to  traps,  pesticides,
quarantines and constant vigilance.

Subways

Subject:      Re: Most Disgusting Subway Station in New York
From:         cpnbludd@pipeline.com (Cap'n Bludd)
Date:         1996/12/02
Message-Id:   [32a35131.415043@news.pipeline.com]
Newsgroups:   nyc.transit
vjp2@dorsai.org (Vasos Panagiotopoulos +1-917-287-8087
Bioengineer-Financier Samani Marions Panyaught NYC-11357-3436-287-USA)
wrote:
*+-Let's see..
*+-1984: Clouds of flees came at me when I stepped on a peeling
*+-      floor tile inside the #1..(5pm)
*+-1985: I've been urinated on by a hobo on the gratings above 33&Park..(7am)
*+-1986: I've slipped on human excrement on 116 & Bwy..(5pm)
*+-1986: #6 Fulton St 7am - Sudden b[r]aking causes standee next to me to
*+-      reach for ceiling, causing snowfall of peeling paint..
*+-1987: Briefcase open, reading on the #7 under the river. Close briefcase,
*+-      see wet spot. Look above for leak (from river?). See jeans of
*+-      chap standing in front of me all urinated.. (6am)
*+-1990: After Pinky Rinky Dinky stopped rounding up the hobos:
*+-      countless spitooning hobos trying to put their
*+-      vile hands on our faces.. (cause me to take up BIG cigars)..
*+-1993: I got spit in the back by one on 42nd in front of Grand
*+-      Central in 10/93 at 3pm..
*+-----> It's not the subways that need repairs.. it's the riders..
---
 Boy, does this guy have bad luck or what?
cpnbludd@pipeline.com
capnbludd@aol.com
http//www.pipeline.com/~cpnbludd

1940s Greece

Date: Thu, 19 Dec 1996 11:21:56 -0500 (EST)
Message-Id: [2.2.16.19961219112154.22df0948@mail.bnl.gov]
To: Vasos Panagiotopoulos +1-917-287-8087 Bioengineer-Financier 
    Samani Marions Panyaught NYC-11357-3436-287-USA [vjp2@dorsai.dorsai.org]
From: Leon Petrakis [petrakis@bnl.gov]
Subject: Re:  A new historical novel on growing up in Nazi-occupied Greece
MANY THANKS FOR TAKING TIME TO WRITE, AND ESPECIALLY FOR SHARING YOUR
FAMILY'S TRAGIC ENCOUNTERS DURING THOSE HORRIBLE YEARS (WHICH I HOPE WE WILL
NOT FORGET). YES I DID "LIVE" THROUGH THOSE YEARS. I HAVE MET HARRY MARK
PETRAKIS, BUT I AM NOT RELATED TO HIM.I AM A SCIENTIST BY TRAINING, WORKING
OVER THE YRS ON PROBLEMS AT THE INTERFACE OF ENERGY AND THE ENVIRONMENT. I
AM SENIOR SCIENTIST HERE AND DEPARTMENT CHAIRMAN-EMERITUS. AGAIN, FOR
WRITING. LP
 At 01:42 PM 12/18/96 -0500, you wrote:
*+-   Dr Petrakis,
*+-	I read with interest about your newly self-published novel
*+-on greek life in WW2.
*+-	Did you live then? The 1940s stole my parents youth, and in
*+-some way, my own as well. Was it really the Nazis and Reds, or was it
*+-something wierd and wicked deep inside the character of the Greeks?
*+-Stories in my family abound - from the wickedness of allies and
*+-friends to the kindness of enemies. My mom's dad was killed by reds
*+-for being yank, but red friends sent word many times to save my
*+-family. Reds bought pardons later while their victims went ignored
*+-("You have relatives in America, your seven orphans don't need
*+-help"). Nazis looted my mom's parents' home and killed her cousin
*+-merely for being a young bank VP, but what of the soldier who let my
*+-dad's brother leave the Crete POW camp to see his dying son, or the
*+-German officer who offered to prosecute the looters? The irony that as
*+-the Australian Jewish soldier my granpa hid was writing about my
*+-granpa in newpapers, the reds were killing and torturing my granpa. My
*+-mom's cousin still holds on to things his Jewish playmates asked him
*+-to hold, still expecting them to someday return. My mom's cousin whose
*+-mother was held hostage by reds so he would fight on their side - who
*+-stood up to die in battle rather than fight his country - and his
*+-siblings being taken north for fifteen years in an effort to prove
*+-that "Macedonians were Slavs".  Or the German colleague of my dad's
*+-who became Orthodox and moved to Greece only to be drafted by the
*+-Nazis. The Nazi officer who kicked my father down the steps of
*+-parliament in order to find where my dad was hiding his boss' Jewish
*+-friend. Ultimately, that period made my parents so sensitive to human
*+-suffering, yet sometimes too timid to really live.
*+-	Are you related to Harry Mark Petrakis, the Pulitzer-winning
*+-GrAm Chicago novelist who wrote in the 1950s about GrAm life? What do
*+-you do at Brookhaven?
      [VJP2 afterthought: to have really understood the pain humanity
inflicted on itself in the 1940s is to comprehend that if, as extremists
suggest was possible, they also successfully obliterated the planet, it would
have been a comparatively humane climax. The very essence of humanity was
nearly exterminated to instead fulfil some empty human-concocted ideas.]

Venturing Licencing & Biotechnology

	The venture capital industry was started by Harvard B-school's
General Doriot when he started American Research & Development in 1946
which funded Digital Equipment Corporation or DEC in 1957.  Venture
funds are formed from investments from insurance companies,
endowments, pension funds and other institutional sources - as well as
a small but significant fraction from wealthy individuals. Venture
funds have long lives and are unique in that they expect very few of
their investments to really succeed, but that the extraordinary
success of that fraction of investments to more than cover the failure
of the other investments to grow.  Venture capital ran in long cycles
(depending on IPO and/or merger booms as a harvest or exit strategy to
free up funds for new investments) until Peter Grace promoted the 1978
cut in capital gains tax which led to a prolonged boom in venture
capital until 1987, when the populist elimination of the capital gains
exemption caused the market crash and most venture capital to flow
risk-aversely into LBOs and most startups to depend on "angel" (3F:
friends family & fools; tax writeoff) capital instead.  As the baby
boomer pension funds began to skyrocket (expected to switch duration
matching to bonds in 2015), institutional investors began requiring
money managers to take on larger and larger amounts of money simply
because the institutional investors could better manage fewer
managers.  The result has been that venture funds themselves seek out
"first movers" and give them larger amounts of money (in effect the
same fund does several rounds) and therefore avoid making small
investments.  But seed capital was always a fraction (5-15%) of the
total venture capital available and most ventures need several
subsequent "rounds" of financing.  And it is also true that (less
identifiable) startup funds make smaller investments than successful
funds, because they have less money and because experienced managers
wish to avoid repeating their painful learning experiences and wish to
capitalise on their success instead. There is also a distinction
between many supposed venture funds being run by risk averse financial
analysts, as opposed to individuals who are in essence management
consultants compensated with long-range equity, with the latter being
exemplified by Doriot student Steve Lazarus of ARCH ventures.
Universities such as MIT, RPI and Utah have also sought to invest a
part of their own endowment in their own ventures, while universities
like the UC system, Stanford and Columbia tend to be averse to this
because their licencing program is so successful instead.
	Is the real decision of VC vs IPO vs JV really one due to
business conditions - the eco/reg/tax/demographic environment, such as
capital-gains-preference risk-averseness found in 1978-86, the
baby-boomer pension boom (expected to switch to bonds in 2015), the
move away from Glass-Steagall towards universal banking..?
[KKR was established by major banks to circumvent Glass-Steagall.]
	The model of equity investment with strategic alliances comes
from the Germanic model of universal banking, where you practically
marry your banker and the Japanese incestuous cross-shareholdings -
but will we be seeing more of this as we see Glass-Steagall being
eliminated?
	In the 1970s we kept hearing oil reserves were going to run
out but then we realised oil companies weren't including expected
future finds in their books to avoid their being taxed - I wonder if
those predicting a dearth of new drug discoveries haven't been misled
by similar conservative predictions inspired by the ghosts of health
reform. In some cases a blockbuster drug already existed somewhere
(either as a market failure or as unfeasible) and a new use was
discovered.

Where I learned to joke about frogs..
or.. that's my dad!

[Manhattan_East 13Oct82 v20#35 Gary Stevens] ..Over a tasty dish of
swordfish at well-patronized  JOE'S PIER 52  (now in the Sheraton
Centre), I found myself in conversation with a waiter named John who
has been serving seafood specialties at  JOE KIPNESS' place for 12
years. The gent is Greek, so did I talk about the catch of the day?
No, the chat went in the direction of Aristophanes, who wrote
satirical comedies hundreds of years B.C...

Great Books


         Here is  a sampling of the  topics, books and authors  that might be
required for  a basic  undergraduate education: Homer,  Aeschylus, Sophocles,
Euripides,  Herodotus, Thucydides,  Aristophanes,  Plato, Vergil,  Augustine,
Dante,  Boccaccio,  Montaigne,  Shakespeare,  Goethe, Austen,  Woolf,  Torah,
Gospel,  Koran,  Plato, Aristotle,  Confucius,  Mencius, LaoTzu,  LotusSutra,
Machiavelli,  Descartes,  Hobbes,  Locke,  Rousseau, SmithAdam,  Kant,  Marx,
Darwin,    Nietzsche,   duBois,    Freud,    deBeauvoir;   ART:    Parthenon,
AmiensGothicCathedral,  Raphael,  Michelangelo,  Brugel, Rembrandt,  Bernini,
Goya,  Monet, Picaso,  WrightFrnakLloyd, leCorbusier;  MUSIC: desPrezJosquin,
Monteverdi,  Bach,   Handel,  Mozart,  Haydn,  Beethoven,   Verdi  ,  Wagner,
Schoenberg, Stravisky.
        Other   Books Vasos  Thinks  You  Should  Read (in  addition to those
summarised or excerpted on this web site): Bickel, Morality of Consent, Yale,
1975;   Surely You Are  Joking  Mr Feynman; Mundell,   Dollar and Policy Mix,
Princeton, 1971...

Wanted by the Bulgarian KGB

	When Vasos had just turned fourteen,  his uncles had a bus company in
Athens which availed itself of the Helsinki Accords by being one of the first
Greek  tour  firms back  into  Bulgaria  (given  new instabilities  in  Greek
politics it  was even prudent to  do so). Lazily  sitting in the back  of the
bus,  sometimes helping  out his  family, he  was playing  with all  sorts of
normal  Yankee nerdling gadgets  like a  movie camera  and stuff  designed to
broadcast portable cassette  sound into a radio. He  even filmed some (gasp!)
tanks. So, a  year later, his uncle's bus gets stopped  and asked about "some
American"  (Vasos was  the only  passenger without  a Greek  passport) taking
pictures of  their military  installations. (Wierdo constipated  soviets were
known to take years reviewing surveilance  tapes - so it became apparent when
we found  out they were monitoring  Glen Cove microwave  phonecalls.) This is
how Vasos became WANTED BY THE BULGARIAN KGB - at fourteen!

Quality

	Hippies, wishing to show their spite for USA industry turned to small
new-age peacenik cars  from Japan, the kind  no one in his right  mind in the
USA   would  buy  at   the  time.   They  gave   the  Japanese   their  first
opening. Japanese  "quality" is pretentious  up-front quality, for  the first
few months. In  Japan, if you sold something that broke  at first, your face,
if not  your head, was lost.  In the USA, one  was used to  getting an ornery
horse and breaking it in. But USA cars last twenty years (my family has owned
a  couple that  long) -  the big  USA-made cars  have long-term  quality. The
smaller cars  were largely  imports, or made  from imported  parts. Moreover,
local mechanics  uncapable of handling the more  advanced computer technology
found in USA cars purposely badmouth the USA cars to compensate for their own
ignorance.
	A lot of USA academics  seeking higher salaries within the protection
of academia  but fearful of the real  world work environment have vidictively
turned against those  who  refused to hire  their  warped minds  with bizzare
theories   (based on almost no   statistical significnce) like "participative
management" in  the  higher-paying jobs of business   schools. At least  when
business schools paid the  same salaries as other  parts of the universities,
you  only got faculty  who liked business. The  reason we keep having fads in
management methods  is because this is  the way leftists  in the academic and
publishing worlds have chose to  piecemeal sneak their socialist agendas onto
the  corporate   world, which  being such   a   soulless dinosaur,  seems  to
occasionally comply with their assaults.
	John Kenneth Galbraith  and his ilk felt that  ever-larger firms were
the  path  to socialism,  and  GM (Alfred  Sloan)  &  GE (Charles  Steinmetz)
followed, as we now have "supply-chain management" as the dying death gasp of
the socialist conglomerate.
	Another story  is instructive. I had  an HP2621a terminal  on my desk
for fifteen years. It followed the rule of fan-out-of-five I learned in my EE
courses. I had a modem,  and two printers simultaneously y-connectored to it,
using only  RS232 pins 2,3,8&20.  The  minute I bought a  Japanese made EPSON
HX20 PC, I  had to add a switch  box because they saved money  by skimping on
the fan-out.  They cut quality  to the levels  most people would  not notice,
rather than actually have high US-style quality. [1995+2001]

Why Columbia?

     Columbia's main focus is research, not teaching, but you DO learn: Often
you learn most from  your classmates; because of  competition; You could have
the same textbook and professor in another  university, but you learn more at
Columbia because you know your classmates are going to study more, spend more
time in the library or the lab,  learning something more interesting.  In the
end, the best thing a college teaches you is how to teach yourself and how to
reason critically; Real genius  isn't like an  ordinary savant who becomes an
expert in one field then spends the rest of life with brain switched off, but
instead can become an expert in any field very quickly.  Ironically, Columbia
was also a  university where the deans felt  more of an obligation to connect
with and be  accessible to the parents  more  than any university  my friends
attended: many of my professors and deans had  kids my age; indeed many times
those kids were also my classmates.  My first semester,  I felt I had been so
cheated by all the watered-down courses I had in  high school, I felt like an
insatiable tiger let loose at a slaughterhouse; at  the same time, they never
let us  off easy:  if we  had AP  credit,  they made us take  tougher courses
instead of just giving us credit, their attitude was we were better so we had
to become even better. We were often told  getting in was  the only hard part
about Harvard, but staying in was  the hard part about  Columbia; it was part
of New York, the city that never sleeps.  Yet Columbia is the smallest of all
the Ivies because real estate is so expensive here: And we are said to be the
least politically  correct, but  we  were also the  least cohesive,  at least
after the 1968 riots, when the  university spent over a  decade badly in debt
and every department was its own feudal domain; During those difficult times,
I still had  access to the best traditions   of Columbia through  some of the
professors, particularly my mentor, whose obituary quoted me saying he taught
us "curiosity  tempered  by discipline, adventurousness tempered  by modesty,
and kindness tempered by humility".   We used to  joke that after standing in
line at Columbia, you learned how  to navigate just  about any bureaucracy in
the future; but  I found   that   the Columbia  bureacracy often  made   some
incredibly  sound decisions: I  often went back  to see  how they bought some
equipment or  incentivised some  contractor; I also  cannot live   without my
Alumni Library Reading Card!  But at the same time Columbia has so demanding,
and often needlessly overreacted,  we often felt  so unsure of ourselves once
we left: so much that  one professor told us  that we should try to  remember
how we acted   when we were kids   and really wanted  something,  in order to
revive our more natural and long-suppressed instincts; and  they also told us
our first two years on the job would be spent recovering our self-confidence.
They also told   us  once that  the   reason  we learned about  art,   music,
philosophy and literature  was  that we would  become so  hooked on expensive
avocations we would  be motivated to earn  extraordinary money just to afford
them!  Every  boss I ever worked  for turned out to  have  some connection to
Columbia, despite my sometimes  not finding this out  until long after  I was
hired;  Attending Columbia makes  the world a very  small place: I never stop
marvelling the places where I've been tapped on the shoulder and told someone
remembered me from Columbia; you can't escape!
 [14JUL01 roughly what I tell folks who ask about my Columbia experience]

Ethnic?

	Vasos can speak  Greek so well and  he can READ it.  With spellckeck,
he  even looks like he went  to school there.  How come he speaks English and
French without an  accent?  When did  he first arrive  in the USA?  Oh, about
1885!   Huh?  Then why does  he  have such a   difficult name, especially the
first name.  Well, Vasos is short for Vasilios and  his parents gave him that
name as an "international" name  (not too common  outside old Athens) because
they weren't  all too  sure where  they  would end  up. And  they used to use
"Pann" as a surname a lot in the 1960s until checks and  credit cards made it
necessary to use the "real" longer version.  His parents may have spoken with
an accent, but they didn't think with an accent.  In fact, when reading Henry
James on American women ("it was the  very essence of her  position not to be
theatened",  highly civilized without    losing  "the value of  the   puritan
residium")  Vasos realised that  his late mom was  raised to be very American
because her dad and grandfathers had both been to  America.  Vasos learned to
read and write three  languages in first  grade:  English, Greek and  French.
When he  was twelve, he was  corresponding with relatives in other continents
in four  different languages.  Unlike  most "Greek-Americans", he doesn't see
one  "ethnicity"  as excluding  another in  a  zero-sum game.  Others are 80%
American  and  20% Greek  or 20%  American  and 80%  Greek, but Vasos  is 95%
American and 75% Greek.  Vasos rarely fits anyone's stereotypes.

Academic Racketeering Promotes Leftism

	Graduate programs  look down at  students who don't take  a hairshirt
approach and then encourage these students to protest every little government
cut. At the same time, universities resist any commercial discipline in their
work habits  precisely because if  these students got  wif of how  much their
professors were making from consulting  and licensing, they would rebel. This
is why  universities want systems  based on grants, licensing  and consulting
and not  on venturing and collaboration -  as someone in the  1970s once said
about India  "It's not  that capitalism  doesn't exist, but  you have  to buy
capitalism, which you can't do if you are poor."
	A  culture  of paranoia  predominates  in the  post-Manhattan-Project
scientific  world where  no  researcher  shares even  the  slightest data  or
information with his  colleagues or institution.  A student  would learn more
from working in  an identical project in industry than for  a professor or by
taking  a  course in  the  subject  - because  faculty  are  so paranoid  and
possessive   about  their  knowledge.   Ultimately,  the   grubmint  deserves
responsibility because  its system of grants helped  create this racketeering
monstrosity. And this is the  incubator which keeps leftism festering even as
communism throughout the world has collapsed.
	For example, every so often the  NSF and its cousins announce that we
are  in a  dangerous shortage  of PhDs  and the  spigot of  graduate students
reopens to  slave in the labs  only to be  dropped at will for  not groveling
sufficiently.  Moreover, professors  detest  American-born graduate  students
because  American  students  actually   expect  professors  to  answer  their
questions  and curiosities,  while  foreign students  behave like  frightened
rabbits, who laugh at "Americans".  The result is that American students feel
an  inferiority about  being American  and become  transformed  into lifelong
America-haters.
	Isn't  it ironic  that  a university  whose  faculty berate  American
industry  for  short-termism demand  annualised  returns  from its  miniscule
endowed internal  venture fund  and yet  this same university  is one  of the
nation's leading receipients of licensing revenues.  Isn't it ironic that the
universities who  do the very  best in the  nation with regards  to licencing
revenes (but  maintian Vietnam-era bans  on faculty "commercialism")  are the
same  universities whose  presidents  resigned  nearly a  decade  ago due  to
federal  grant irregularities?   What  is especially  pernicious about  these
grants addicts  is that  they turn to  international agencies  and eventually
foreign governments, rather than private industry, to support their habit.
	The solution would be to follow 1987 Reagan proposals for privatising
the NIH  and combine them  with the blueprints  for the Bobby  Inman Sematech
research  consortium  and  have  privatised  formerly-government  foundations
become  research  consortia  that  allows  firms to  collaborate  in  funding
research and buying results.

Kastorian Shoe Travel

	Like most northern  Greeks, Kastorians leave their shoes  at the door
(most Yanks will say  "like the Japanese" - I reply "..and  a lot of Northern
Greeks, Slavic Orthodox and Arab  Orthodox..") and don't generally wear their
shoes at home. (We've  done all my life.)  So anyway, this  guy walks over to
speak to someone and his dog  walks along.  Leaves his shoes outside and goes
in. Comes out, no shoes, no dog.  The shoes looked out of place to the pooch,
so he  carried them back home  - which was a  mile away! The  guy called home
(what happened in  the old days?) and someone brought  his shoes. A different
pair. Because the dog accidentally dropped one shoe along the way.

Diction Heuristics

	To speak like a New Yorker, replace all "r" and "l" with "w",
then replace all "th" with "d", then (as if masochistically trying to
make yourself dyslexic) transpose all diphthongal consonants.
	To speak like a US "Dixie" southeasterner (or ebola-onics),
replace all vowells with "uh" or "ah" (as if you're under the
influence of Jack Daniels or marijuana), replace all verbs 
with "I be -ing".
	Unix is like a hybrid of English and Welsh without vowels.
[this was from mneme@dorsai.org].
	To speak Spanglish, replace all "-ly" with "-mente", all "wh"
with "qu", all "th" with "l", all "-ty" with "-dad".

hEurAsiStics

	Europe:Asia:: Austria:Manchuria:: Croats:Uyghurs::
England:Japan:: France:Indochina:: Germany:Mongolia:: Greece:India::
Hungary:Burma:: Ireland:Tibet:: Slovakia:Cambodia:: Croatia:Thailand::
Italy:China:: Netherlands:Indonesia:: Poland:Korea:: Russia:Siberia::
Scandinavia:Polynesia:: Spain:Phillipines:: Switzerland:Nepal::
Teutons:Mongols

Conspiracies

        Paranoia  consists of  people  having an  inferiority complex,  being
unusually perceptive and vigilant, suspicious, racist, sneaky, blaming others
sfor their own faults, vengeful,  and unusually concerned with fidelity. They
can be "cured" by making them relax, seek criticism, be more tolerant and see
unulterior motives  for accidental coincidences.  Their writing is  small and
narrow, with unusually tight knoting of o and a, tapered, and right slanting.
Paranoid individuals often excuse their  own immoral acts on the grounds that
everyone  else  is much  worse  and their  own  personal  purpose for  acting
immorally  actually has  a moral  cause.  Paranoid individuals  are not  only
paralysed by  conspiracy theories,  they also sometimes  use them  to advance
their goals or to excuse their  own moral or intellectual failings. Those who
believe  conspiracy  theories  tend  to  give up  on  normal  democratic  and
participatory processes  because the conspiracy theories  have convinced them
that  this   is  futile.  Therefore,   conspiracy  theories  tend   to  cause
head-in-the-sand  approaches, such as  that seen  by ROCOR  and the  Serbs in
recent  global  events. Richard  Nixon,  Saddam  Hussein,  and Adolf  Hitler,
however, are/were paranoid individuals who  used their paranoia to divide and
manipulate others.  In Europe, I  have seen believers in  conspiracy theories
blame the Jews and masonry for their woes, while in the USA, the Trilaterals,
CFR and  international bankers are  blamed, yet in  Japan, it is the  UFOs; I
shall never forget when a reasonably educated Japanese insisted on showing me
a video  that "proved"  JFK was  assassinated by his  own chauffer  under UFO
orders.

How Markets Emerge

	A friend  of mine was sitting  at a financial conference  in the late
1980s where  a German  CEO was presenting  and was  taken aback when  a brash
American analyst asked "What about cash  flow?" and he replied "Yesh, vee hev
it da kesh fluwo, vai iz id  yiur biznish?" Yes, even the number two or three
economy is not nearly as transparent  as the USA economy. Then we have Maslow
telling us about hierarchy of needs and we have seen how economies surpassing
$300/capita  GNP start  to provoke  democratic  aspirations.  So  we have  to
understand that the transparency and  integrity of the USA economy is related
to its  success, and if we want  other countries  to be like  us, we  have to
encourage   their  commercial  success   instead  of   use  counterproductive
embargoes. Not  that there aren't sections  of the USA  which genuinely still
belong in the  third world.  Clearly it was trade with  the west which helped
communism collapse in central Europe.  Of course, we have to credit the final
abandonment of hipocrisy in Latin  America by the genuinely decent Reagan and
Carter presidencies (who no  longer tolerated dictatorships) as well, because
it took  away any excuse  for communists to  hide behind. But let's  face it,
embargoes don't work. Bob Dole may have wanted embargoes in the 1990s, but it
was he  who opposed  embargoes in  the late 1970s  because he  was supporting
Kansas wheat farmers.

Dale Carnegie

	With rather sophomoric  arrogance, I used to think  a book named "How
to Win Friends and Influence People"  was rather sleazy or manipulative, so I
was in my thirties until someone  I really respected convinced me to actually
open the  book and  read it.  That's when I  realised that  the author  was a
friend of  Nicholas Murray Butler, who at  the time was president  of my alma
mater, Columbia University, and that Carnegie extracted the practical lessons
of  the then-newly-devised Columbia  "Contemporary Civilisation"  great books
program  (which  Columbia -  and  eventually  other  universities -  used  to
assimilate  the  offspring  of   varied  Ellis  Island  immigrants  into  USA
leaders).  Ok, Carnegie  eliminated all  the theory  and history  behind such
lessons  - and  all that  background makes  it a  lot easier  to  adopt those
lessons to a greater  variety of situations as well as allow  you to see some
of the  perpetually recurring fallacies of  human reasoning -  but the people
who would  read such  a book either  would never  read the original  works or
would  need   a  reassurinmg  overview.  Nonetheless,  the   book  is  hardly
manipulative, and indeed  if properly heeded, should turn  a lot of ambitious
manipulators into  individuals who have a  lot more respect  for their fellow
man.

Lessons from the Wall Street Treadmill

	Bonuses are  an ego trap -  you are told  that of course, YOU  are so
terrific  YOU will  get the  maximum  bonus -  no one  believes they  deserve
anything less than the maximum.  You can be terrific for ages but if you have
one bad quarter, you are fired.   Figure out your net salary, taking away all
the things you are  expected to spend on as a result  of your new job.  Avoid
headhunters like the  plague, instead of making you  a valuable niche player,
they commoditise  you and eventually drive  your income down in  the long run
Six months after a new building is finished or offices get renovated, you can
bet  there will  be  massive layoffs,  because  the bravado  of building  new
offices spilled over  into a lot of careless spending.   Nepotism pays off on
Wall Street,  because the game is  one of diplomacy and  connections, and who
you can bring  to the table. Narcisism predominates, because  of those in the
majority who  fake nepotistic  connections.  However, the  guys who  last the
longest, the Warren Buffets and the  Ben Rosens (BTW, both Columbia MBAs) are
quiet  and  unassuming, because  they  persevere  and  manage to  be  totally
uninfluenced by the narcisistic mirage. [2000]

Supply Side

	Cato's Stephen More reminds us: In the 1980s, after Reagan cut
taxes, federal revenues grew faster than during the 1990s with two of
the largest tax hikes in American history. Real federal receipts
climbed from 1982 to 1989 by 24 percent. But overall federal revenue
growth from 1990 through 1997 (as currently forecast by the
Congressional Budget office) will be only 18.5 percent.  In the eight
years after Reagan tax cuts the economy grew by nearly 4 percent per
year.  In the 1990s with two Herculean tax hikes the economy has
limped forward at less than 2 percent annual growth.  In the 1990s
only the rich have gotten richer. In the 1980s the average household
gained $4,000 in income. In the 1990s we've lost half of that.  For
more information, see Robert Mundell, The Dollar & the Policy Mix,
1971, Priceton Essays in Intl Finance, whose prescription for dealing
with oil supply shocks involved tax cuts, budget cuts and tight
money. Mundell is widely attributed with founding "supply-side"
economics, even by Laffer in the foreword to Laffer's 1984 Intl
Economics textbook. [1997]

Belchentine

Belching Buzzards of Brick and Broom
Rambling Rivets of Racoon
Mesmell the Carcass of a Dead Baboon!
-----
Thems be unfestooned lizard-eaters who
oughta have their toenails
transplanted into their tonsils!
-----
What the broken-penny does all of that
hard-boiled frog-manure have to do
with the smell of Rumpelstilskin's toenails?
                (Sung to tune of "Oh, my darling Clementine")
Oh, the Lizard, in the Gizzard, Of the Buzzard as he fly,
And he drop us such a Blizzard from Up High up in the sky,
Oh, the Yearning, Oh, the Burning, as you drink that Turpentine,
That you drink to clear your Mind, when your wife be Clementine!

Mysticism, Genius and Cognition

        Theory  of  right &  left  side of  the  brain  and subconscious  and
conscious learning could  have been deduced from Edmunde  Burke's comments on
tradition being the subconscious memory of society or the Orthodox insistance
(as  explained by  Khomyakov) on  BOTH  Tradition (which  the papacy  retains
alone)  and the  Scripture (which  the protestants  retain alone).  The third
dimension to that  Khomyakovian Geometry is the Mysticism  of the Jews, which
we  also retain  as  well.  There is  a  lot of  osmotic  learning (both  via
Tradition and Mysticism) going on  that the SinoGermanic method of linearised
fanatical  hyperspecialisation  (vs  the  AngloHellenistic tradition  of  the
Generalist) ignores and trivialises.  The AngloHellenistic and Byzantine (and
Hindu)  cultures are far  superior at  cross-fertilising fields  of knowledge
precisely because  they are unwilling  to abandon this  interconnectedness of
things.  But the  SinoGermanic model  is much  better at  perfecting existing
innovations.  We  all know that  an idiot savant  is someone, usually  with a
brain injury,  that excels in one area  but is totally unable  to function in
most other areas. Well, ordinary people get skilled in one area and then stop
learning  -  they  become  automatons  or  "ordinary  savants".  Real  genius
("perpetucognitive supersavantoid") is characterised by the ability to switch
areas of expertise  at the drop of a hat. That's  because ordinary people are
"cognitive" (ie, actually use their brain) only about an hour a week, whereas
genius uses their brains ten hours a day. To understand what this means, note
the Harvard experiment where students were given pop quizes, but at different
times (ie  beginning, middle  or end  of lecture). The  students who  had the
quizes at the  end of their lectures were more  attentive DURING the lecture,
whereas  those having  the quiz  at the  beginning paid  more  attention (ie,
switched  on their  "cognitive" mode)  to  rereading their  notes instead  of
learning  it the  first time.   Well,  the Orthodox  mind is  faced with  the
admonition  of  St  Dionysios  Ariopayitis  that the  ultimate  knowledge  is
admission of total ignorance, and yet the interpretation of St Basil that the
New Testament is the Commandment  to Become GOD; what better perpetucognitive
stimulus towards endless educational striving?

JFK's UFO

CompuServe Issues  223084 S2/Political Issues   14-Jan-92  19:08:21
Sb: My JFK Theory   Fm: Vasos Panagiotopoulos 76530,1430
        In the winter'91 (Kissinger-Brzezinski) National_Interest, Bob Novak 
discusses Harvard historian Michael Beschloss' Kennedy_&_Khruschev (Harper, 
91), calling JFK "vain, shallow, disorganized, 
petty, un[d]ic[s]iplined, deceitful 
and frivolous" - showing how soviets were surprised to see Kennedy 
rhetorically raise them to superpower level (when they weren't) and that the 
defensive, naive Kennedy overreacted to typical soviet theatrics. Some of 
JFKs admirers, however, would like to see him return with pointy ears off 
some AWACS seagull along with Elvis - just so he can empower their freelove, 
freemoney, freedrugs, geopagan, coercive utopian agenda along with ludicrous 
concepts like UNIX and the metric system. I was only two years old when JFK 
was shot, and believe me, I knew no one who grieved him - indeed I was later 
part of the momentous Reaganist revival of the anarchic tradition of the 
American Revolution - that caused communism to crumble merely by denying the 
existence of JFKs phobic notions of soviet grandeur.

The NecroSmurf Way:To Herd a Nerd

	Why was MicroSoft  so successful? In short, they  always LEARNED from
their mistakes. When the first  personal computers came out in the mid-1970s,
Gates and Allen saw them in a magasine at Harvard and realised these machines
would need  software. So  they approached the  manufacturer who  said whoever
produced a BASIC language first would get their approval. Gates (actually not
really much of a programmer - the thing he learned best at Harvard was how to
play poker -  and his poker style bluffs in  business were indeed monumental)
devised using students and free  computer resources at Harvard. But they were
immediately  victims  of  software piracy.  So  when  IBM  Boca wanted  a  PC
operating  system  and  the  popular  Digital Research  CPM  folks  were  too
difficult, Gates found  a system made by Seattle Sytems  and repackaged it to
IBM.  This time  Gates  LEARNED his  lesson  about pirates  and got  hardware
manufacturers  to  include  MSDOS with  their  systems,  so  he got  paid  up
front. When IBM wanted  to make a deal on OS/2, Gates  learned his lessons on
IBM's  old  tricks and  out-IBM-ed  IBM  by  keeping Interface  Manager  (aka
Windows) on  the back  burner until IBM's  MicroChannel bus  stumbled.  Then,
learning from Lotus' apeing VisiCalc  (but with bigger budgets and more aware
of customer befuddlement - just like  IBM overtook RCA with the 360), he aped
everyone,  and came  out with  Word, Excel,  Access, PowerPoint  and Internet
Explorer.
	So, how  would one EMULATE  this? Find a cut-rate  poor-man's product
(microcomputer) that imitates one only used by the big boys (mainframe). Then
find a  way to make that  product much more  useful - by fixing  it's biggest
flaw  (lack of  software).  (Think that's  impossible?  You can  find an  old
public-domain drug  with a major side-effect and  find a way to  fix the side
effect. Mike Jaharis' Kos Pharmaceuticals did that for cholesterol.) Then you
turn around and sell one of these fixes (MSDOS) to the firm most theatened by
your  innovation  (IBM).  But  be  sure  to sell  your  innovation  to  their
competitors as well,  and don't do any  selling yourself - get them  to do it
for you.   Then, when it  comes time for  the next major variation,  you keep
your options  open and continue to  develop a competing  product (Windows) to
the one you are contracting  to develop (OS/2). Then you find widely-imitated
trends that  depend on  your innovations (application  software) and  you use
their fundamental dependence on  your innovation to their disadvantage. (Like
maybe Roche letting folks  make tests with its PCR then in  a few years Roche
making those tests themselves.)
	Threaten the big guy, then partner with them, then beat them at their
own game! 14JAN2K
        Mind  you, I  believe MicroSoft  (with  its upgrade treadmill) is now
behaving the  same obnoxious  way Lotus  did   ten years ago  when  MicroSoft
started eating their lunch. And when  MS went ahead  with Windows, it was IBM
and  Unix  which loomed    large as  monopolistic    threats to the  rest  of
us. 08JUL01

The First Gonzo

	Howard Friedman,  who graduated  chemistry from Brooklyn  College and
worked at  the FDA before joining my  high school, said he  invented the word
GONZO while hanging out with friends of his at the Village Voice in the early
1970s. He  defined the term as someone  who starts painting a  floor from the
door inwards towards  a corner that has neither door nor  window. I'm told he
now  chairs  the  science  department  of  an  exclusive  private  school  in
Connecticut. I  had my  phototypesetting engineer uncle  print a  new element
"Gonzonium"  which we  pasted  on the  elements  chart. We  later also  added
Bootigunkonium, because Mr  Friedman attended Thomas E Bootie  High School in
Brooklyn.  (I had already been admitted to college, so I as fearless.)

Maddening All-Blight

Message-Id: [199612121210.AA05231@dorsai.dorsai.org]
Date: Thu, 12 Dec 1996 07:10:18 -0500
Reply-To: repub-d@u.washington.edu
From: Vasos Panagiotopoulos +1-917-287-8087 Bioengineer-Financier
      Samani Marions Panyaught NYC-11357-3436-287-USA [vjp2@amanda.dorsai.org]
To: "New Republican Discussion List" [repub-d@u.washington.edu]
Subject: Albright, Brzezinski & Kissinger

	Once Nixon asked for a list of ethnic groups in the USSR and
blew up when the list excluded one obvious group: the Russians! Reagan
also made a point of distinguishing between soviets and Russians. Big
difference. Divide & conquer. It's easier to win if you define you[r]
enemy as a couple of thousand soviets instead of a quarter [b]illion
Russians.
	Nowadays, it seems politcally correct to have another form of
racism. Those who once decried our "inordinate fear of communism" seem
to passionately despise the people who rejected communism, as if they
are the most incorrigible savages in humanity - you see in the minds
of the bolshevoids, those who had communism and rejected it are even
more benighted than those who oppose it but never experienced it!
	I say this because none of the three foreign-born
superscholars of foreign policy mentioned in the header were ever
really anti-communist, but rather based their views on an unAmerican
racist hatred for Russians. By contrast, before communism, the USA and
Russia viewed each other as fellow frontier nations, as nations of
universal, multi-ethnic citisenship. (eg While Walesa had been quite
restrained, most Polish nationalists forget it was the Jagiellian
LitwoPolish Empire that began the squabbles by supporting the muslim
Tatars.) Catherine the Great refused a British request to help
suppress the colonists. The Russian navy prevented the British and
French aiding the Confederacy. Russia's first modern legislature,
while not as old as the British, and perhaps the French, certainly
dates to the same period as Germany's and Japan's. Still, much-older
Russian Assemblies of the Land borrowed the same Byzantine Senate
structure that Baldwin's returning "crusaders" used in the Magna Carta.
[Albright opposed the Kuwait Gulf War as did the Vatican. "She supported a nuclear freeze, opposed the Gulf War, and advocated deep cuts in defense spending." John Corry Am_Spec 2/97 p.47]

Warden Quiltstuffer

        1980 presidential primary candidate George Bush told public
television of how Carter ordered Iranian troops to remain in their
barracks so the Ayatollahs could take over. Former Carter
Undersecretary Warden Quiltstuffer went to Greece this past summer and
predicted the return of the leftist Quackandreou. Quiltstuffer has
also engineered the leftist victories in Japan and Canada and went to
call for Russian extremist parties to be relegalised just before
Zirinofsky's success. Given that he serves a draftdodging US president
who made a student pilgrimage to [prototypal Whitewater mafioso]
Breznev, we ought to be very worried now that he tinkers with
still-red China. Moreover, he had achieved GATT and NAFTA only by
turning them into the subsidy-mills that Reagan and Bush fought so
hard to prevent. [1994]

Reagan Intellect

	I really have to take exception to those who wish to portray
Reagan as an ordinary man. He started reading at the age of three. For
two brothers, sons of a drunk, to both graduate college in those days
was another indication of unusual intelligence. It is a mistake to
read Reagan's humility as a mark of ordinariness. The professors who
left the greatest mark both on their own fields and in my own life
shared Reagan's unusual humility, kindness and sensitivity to both
human feelings and truth in general. In fact, my bioengineering
mentor, the professor who co-edited my field's handbook also shared a
February birthmonth with Reagan, Washington, Lincoln and even Dan
Quayle. (Not astrology here, but I tend to think that February being
the coldest month provides these people with constantly improving
weather, hence an incredible optimism.) An ordinary man is not one who
fought off both communism and the mafia from one of the nation's most
influencial labor unions - and who later used the negotiating skills
so learned to negotiate communism itself to an intellectually
vulnerable nakedness - achieving humanity's greatest period of
democratic advancement with minimal - indeed, almost no - bloodshed.
	And lastly, I have to say something about Peggy Noonan, whose
comments started this idea of Reagan's ordinariness. The only time I
ever met Noonan was in the fall of 1990, when those in my company who
idolised her were sorely disappointed to meet an unusually pompous
fart - Nonnan spent the entire evening posed an angle that would allow
her to be better photographed should the opportunity arise, even by
accident. I never before or later met someone who read an entire
speech, and did an entire question/anser session posed at a 45 degree
angle just in case a photographer was there! [1998]

Biases in Science

	Coming from the physical and natural sciences, it became
obvious that social science is biased is because it can be
manipulated.  Malcolm Muggeridge said social sciences have been
replaced by natural (and we might today extend, engineering) sciences
as true quests for truth.  Some are frightened by the power of their
discoveries and so wish to mask it. Others consciously or
subconsciously blind themselves to their findings and force them to
conform to various ideologies. And of course, others see the potential
for profit from their findings and so mask and package them to do
this. Not that this isn't creeping into other sciences. A lot of
engineering professors don't teach advanced techniques correctly in
class, and only let the cat out of the bag if you do a dissertation
with them (and many times not even then - they prefer to write a
section of their student's dissertation themselves than to allow the
student to learn the new technique). A lot of financial mathematics
papers have intentional errors to trip up competitiors. [1999]

Personal Investing Strategy

	Studies show you can eat up up to a third of your profits with
transaction costs (there are other costs besides fees - such as lost
opportunity costs, market moving costs and so on - for example you
never trade the stock at the price you thought you were getting). You
don't get rich by finagling stocks from day to day, you get rich via
asset accumulation.  My strategy is when the market is low, put money
into a dividend re-investing general fund with a twenty-year history -
when the market is high, resist all temptations and forget you even
own it (don't put anything in or take anything out). Use electronic
banking to hide some money from your spending fancies every week and
then invest that when the market is low. Resist the macho temptation
to make the big kill.  Find something else to do while your eggs are
incubating because if you start playing with them, they might break. I
know alot of the algorithms used to pick stocks (factor models, APT,
stochastic optimisation) but to be honest, I wouldn't put my cash on
them.  If you can sock five years income into a fund that provides
for both growth and income, use the proceeds to pay your monthly bills
and then you can use your paycheck for long term investing. Now, also
be careful what happens when the baby boomers start retiring and
taking money out of the market, what fund managers call the "duration
flip" (2005-2025). [1999]

Hobos

CompuServe Issues  223412 S2/Political Issues     15-Jan-92  07:24:24
Sb: Subway Hobo AIDS  Fm: Vasos Panagiotopoulos 76530,1430
        Tell Kimberly Burgales. Subway hobos don't just politely sit down 
with their hands crossed - they love to stick their hands in your face, rub 
their clothes on you, yell, spit all over and jump up and down. Given that 
nine tenths of hobos [Bassuk Rubin Lauriat Am J Psy Dec'84] suffer some 
personality disorder (the majority also involving drugs and alcohol) - one 
suspects that the reason the Camelot geopagans care so much for hobos is that 
they are former comrades in arms.

Leagle Wyzeels

MARSHAL WEISEIS HOLMHUGHS
- ALLORMEY AT LAM -
PHAUGHAN & GAYMES, PC

29823 Leagle Wheezle Dreamway, Khrlugh Phleugh, QW 98989 woice (989) 578-2483 tax (989) 578-2484
Habeas para delictis, del credere, estoppel certiorari?  
Nolo contendre, in absentis cerebrum, loco locutum, mutatis mutandis,
with penalty fee complex irreprehensible, with octuple interests!
The vicar of snicker was a vicarious tortfeasor, named Balthaghaster
Festuniarty, whose pecuniary encumbrance on suretyship was hidden in a
covenant to the grantee of privity to the locus of penitance!

	By the mere act of using our program you hereby implicitly but
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Deficits

CompuServe Issues  228443 S2/Political Issues     25-Jan-92  00:31:32
Sb: #228390-#American in Decline Fm: Vasos Panagiotopoulos 76530,1430
"Debt is a problem only if the funds have been spent on consumption
or ineffective capital which has failed to generate useful output..
The United States is a case in point. It ran a current account
defecit for 300 years, from the first English settlement in 1607
until World War I, and was a net debtor throughout the period. This
created no problems. WWe were opening a new continent.. profitability of
putting new physical capital in place in the US was high. Investors
shared this high return.." p5 July 1985 Treasury News "Basic Determinants
of Capital Formation and Financing of Industrial Development" Stephen
J Entin, Depy Ast Secy Eco Policy, Treasury.  

More Deficits

CompuServe Issues  248802 S2/Political Issues    01-Mar-92  18:10:19
Sb: #248381-Reaganomics + DeficitFm: Vasos Panagiotopoulos 76530,1430
First Reagan did in fact cut the rate of growth of spending, and
the tax cuts did produce revenue growth (check the Economist for the late 
80s). If you compare to Carter, trends improved. But accumulation of
defecit, and interest, continued. Carter himself agreed with NATO on a 
defence buildup much greater than ever occured under Reagan. You might notice 
how Reagan and Bush arrived at the no-new-tax pledge: In 1982 it was agreed 
to raise taxes and cut spending (the largest ever peacetime tax increase 
until Bush') - but the Democrats never delivered on the spending cuts - don't 
you remember all the howls how Reagan supposedly caused homelessness (and not 
the deinstitutionalisation of the late seventies) and how bureaucrats 
manipulated RIF orders so that it would seem, as Tip O'Neil said, we were
"thowing out the baby with the bathwater". Carter tried to end the defecit 
his last year in office, even trying to stop Saturday mail delivery, but his 
own party destroyed him. Two thirds of the effective (including off-budget) 
defecit is in Socialist inSecurity and Medimare, and Bush' IRA/IMA/IEA
proposals try to deal with this. Moreover, the sum of the trade and budget
defecits may be better sustained by nations with greater savings - hence
the current attempt to cut gains taxes to increase savings.

Productivity

CompuServe FLEFO 98429 S7/East Asian           06-Feb-92  06:17:10
Sb: #98146-Japan/Canada Axis  Fm: Vasos Panagiotopoulos 76530,1430
Incidentally, I hope someone looked at the productivity numbers.
Japanese workers - certainly THEY are NOT lazy - are 31% less
productive than Americans, so certainly, on average, Americans are
NOT lazy, either. We both have our problems: lazy Detroit auto workers
and NYC municiapl workers matched to lazy Japanese distribution system workers.
With all the talk of sincerity and relationships, Japanese treating
contracts as "symbolic" rather than binding, resmbles that of
the economically undeveloped soviet union - contracts are essential
for a free market. I don't think it is wise to take sides or make
generalisations: I had a professor in conflict management who helped
found Keio's MBA, and she told us unifying issues increases conflict while
making them more specific diminishes conflict. A recent article here has
shown that some Japanese-name vehicles are the only ones made-in-USA.
A lot of Japanese problems are "anal-retentive" or "obsessive-compulsive"
and go back to how teachers send home students who have not vacated themselves
-- this explains the wasteful and unprooductive and inefficient procrastination
and artificiality and formality. The only real anti-Japanese forces in the
USA are the radical leftist labor unions - and it is no surprise they have
found support in the extreme leftists French socialist government.

More Productivity

CompuServe FLEFO 98681 S7/East Asian    08-Feb-92  20:08:09
Sb: #98493-Japan/Canada Axis Fm: Vasos Panagiotopoulos 76530,1430
In the 1970s Japan's productivity rose faster, not any more.
It's slowed down. If you take the Japan Productivity Center numbers
published by JETRO its 75% ours, but some recent purchasing power
parity numbers indicate more like 69%. It seems to confirm suspicions that
when a country is moving close to the USA, it slows down. Britain and France
are now the only ones with faster growing productivity than the USA.
Also, all these numbers, even the trade defecit, ignore services.
Howdo you measure teh consulting services of a professor "on vacation"
? It is quite likely that if we measure goods plus services, no one
beats the USA in anythings.

Breakup Pinko GM

CompuServe FLEFO 98682 S7/East Asian    08-Feb-92  20:11:29
Sb: #98519-Japan/Canada Axis  Fm: Vasos Panagiotopoulos 76530,1430
If Henry Kravis had chosen GM instead of Nabisco Brands for divestiture,
history would have been a lot different. However, GM was needed for
defence - in breaking down the soviets - so restructuring was likely to
always be blocked... hopefully not any more.
Did you guys hear GM actually refused to make right-drive cars for Japan
and still complained the apanese weren't buying?!

Which Japan?

CompuServe FLEFO  98686 S7/East Asian     08-Feb-92  20:25:25
Sb: #98615-Japan/Canada Axis   Fm: Vasos Panagiotopoulos 76530,1430
I'm a little skeptical about the bottom-line appearance of Japanese
dedication to work. Has any yankette executive mentioned how she had
to bite a Japanese hand in her dress at Ropongi or a subway? Haven't
we heard about all the marvelous Japanese hangover remedies?
I think the Japanese have a more pretensious, attitude about work
that makes them seem more efficient, but in the end, they are much more
hampered by all this procrastination in the name of consensus - much like
we were in the 1950s - and Japan is now going through a period much like
our own 1960s and 1970s - and most Japanese youth are rebelling.

Even More Productivity

CompuServe FLEFO 98713 S7/East Asian     08-Feb-92  23:34:15
Sb: #98564-Japan/Canada Axis Fm: Vasos Panagiotopoulos 76530,1430
        Productivity numbers: Dogramaci, Productivity_Analysis [ISBN 
0-89838-039-1, 1981, p.4, this was my text in grad school hence betrays my 
age! 1967-78: USA annual growth 2.6%, Japan 10%], JETRO, Business Facts & 
Figures [1991, p.128, 1980-89 J 3.8% US 3.9%]. Also check out Wall St 
Journal, 12SEP91, which cites the 31% PPP surpassing by the USA - I also saw 
this in a recent printed-in-Japan English-language magazine, I believe called 
Japanese_Commerce_&_Industry. Also check out Industry_Wk 01JUL91. As for 
the comparative rates of growth, I think it was in mid-January, 92 in the 
London _Economist_ (You can get it on CompuServe via "GO IQUEST").
(By the way, when I was at the Federal Reserve, we used to rely heavily on 
census CENDATA, and this is now also here on CompuServe, via "GO CENDATA")

An Bluntly Honest Yet Friendly Handshake With Turks

	Peace and friendship    based on illusory  nicerites is just a
cease-fire  where all the  causes of conflict  will become pent-up all
over again, only to explode into another conflict.
	First, to  get  them out of the    way, let me   begin with my
negative views  on Turkey. I think  Islam is more  an  ideology than a
religion and I believe  Muhammad  was the  only   founder of a   major
religion to carry  a sword and that his  primary occupation was to rob
caravans. I am reminded  that Fidel Castro  spposedly once said of all
religions he would prefer Islam because only Islam  had sex in heaven.
I honestly would hold no negativity whatsoever against  a Turk who was
not muslim. Islam had pledged the taking of Constantinople long before
the  Turks  entered the  scene.  I  do  believe very  strongly in  the
Orthodox Church,    but   not  in   the  extremist   "traditionalist",
phyletistic or "ecumenist"  wings.  Many believe that many religiously
unjustified yet neurotic habits that  have entered Orthodoxy come from
muslim occupation.  I  think Kemal Attaturk  belongs in the same trash
heap  of history  as  his cotemporary  totalitarians, Zapata,  Stalin,
Hitler and the  Ba'athists.  I am also   no fan of the  pornocommunist
neopagan leanings of the current Greek regime. 
	However, I did not let my views of their belief system prevent
me from  having many Turkish friends,  or  for that  matter, communist
friends.  It is possible for a person to be mostly  good in spite of a
mistaken  belief system.  In 1948 many  times communist family friends
saved members of my family  from communist atrocities, while my family
also later saw many wealthy perpetrators of communist atrocities bribe
their way back into nationalist society.  Indeed, I can only point out
to one case in my university days where I  walked away with a negative
impression of any Turkish person. I am told this would not be the case
if  I met  the unassimilated  gastarbeiten in  Germany, but  I have no
personal experience. I  have great respect for  the late Turgut Ozal -
and I believe   honest people like him  can  bring peace. Once   I had
neighbors in  which the wife was Greek  born in Greece and the husband
Turkish born  in Turkey.  Two  years ago, I  was greatly shaken when a
classmate  (an a leader  in my field) suddenly  passed  away - and his
being Turkish did not diminish this.  Having been in many good schools
and occupations,  I was  fortunate to meet  many members  of prominent
Turkish families. 
	Moreover, if we  look  at Germany and France,  as  traditional
enemies, they have not fought since the  second world war, not because
of NATO, but because of  their economic cointegration  in what we  now
know as the EU.  Greece and Turkey have  also not fought any  mainland
conflict  since  the population transfers  of   the 1920s, a  strategy
successfuly emulated by   Germany-Poland at  Oder-Niesse.  Indeed, the
population transfers between  Greece  and Bulgaria have prevented  the
current "Macedonia"   conflict from being anything  beyond rhetorical.
Cyprus was a  special case because the  Cypriots  had their  own ideas
(justified or not, but nonetheless  complicating the equation), as did
the  Brits.  Ozal was   furious when  Denktash   declared independence
without notice. Makarios negated the Acheson plebescite because he had
leftist "non-aligned" ambitions.  Democracy brings not only rights but
also responsibilities, and   so    those who  voted  for   Panandreou,
Makarios, Ecevit and Dukakis  cannot escape the consequences of  their
actions. 
	The Ecumenical  Patriarch today wishes to  see Turkey join the
EU so  that the Greeks of Turkey  would be guaranteed  their rights by
Brussels instead of Ankara. But so do  the secular Turks (many of them
actually  of Greek ancestry)  who want   Greek  and Jewish  and Syriac
communities  in Turkey to  show to  the  world that  Turkey  is indeed
pluralistic.  I also know   quite  well  that sixty thousand   (almost
exclusively male Uyghur) horsemen may have imposed their will and even
language upon what we  know as Turkey, but  most of the inhabitants of
Micrasia   are neither Greek  nor  Turk,  but  the original hybrid  of
European and Semitic    peoples that were  once   known as Anatolians,
Trojans, Hittites, Phrygrians, and Armenians.   I do believe that both
Metaxas and Kemal were right to attempt to forge a unified nation from
the fragments  of refugees and dialects  they found, much as I believe
in the assimilative  "US English" movement.  I  do fear, however, that
if  Turkey joined the EU,  the   muslim extremists  to the east  might
indeed break away.  And I am more  afraid of a poor and ayatollah-torn
Turkey much more than  a propserous and  westernised one. I  know full
well  that Khomeni and Saddam  covered  their evil  deeds by  throwing
their dynamite-stuffed babies  at each other  for eight  years. I also
worryingly  see USA  universities  filled with  prosperous Turks today
much as I saw properous Iranians  flee here in  the years prior to the
fall of the Shah. 

Short Term, Who?

CompuServe FLEFO 101012 S7/East Asian     28-Feb-92  23:03:30
Sb: Miyazawa Misinterpreted    Fm: Vasos Panagiotopoulos 76530,1430
The bigge[s]t practitioners of short termism are institutional investors,
including pension funds of many of the unions that pretend to argue
against short termism (Peter Drucker called it "pension fund
ssocialism"). It's also true that our tax structure encourages
shortermism. The cure would be to abolish mortgage and corporate
interest deductability as well as dividend double taxation and
long term capital gains tax. I understand Germany still has no
long term gains tax and Japan only got one in 1989. I recently read about
an American who wrote Japan's post war tax laws along basically Mundellian
supply-sider lines - and that the structure still stands..???..anyone
recall his name .. wasn't he also Ike's budget director?
[Joseph M. Dodge 53-54 US Budg Dir 52-53 Conslt to Scy St on Jpn Econ]

The Tax-me Billvo Dummy

Billvus Jethroson Flintstone beds dinosaur Flowers 
and lives to tax the sax and pet his Socks.

The Tax-Me Billvo Doll never fights like a mannequin.

Yamerkins voted fuh a chu'u'a'a'enge..
..of undawear.. Jennifer's, Paula's, Monica's..
done all the dirty work myself.. except Yellary's..
Vince Froster did her.. so we changed him..

Envriro Gyro's not to eat,
Allbutt Bore thinks it's really neat,
made with beattle juice instead of meat,
makes you puke right on your feet.

Situation Ethics or Situation Mythmix?

	Rueben Hurricane Carter: "If you don't love yourself you don't
know how to love anyone else because you gotta know what love is."  My
parents basically always said something like that, but somehow my
modern mind saw that as selfish and felt uncomfortable with it.  And
all those things about respecting ourselves as temples of GOD seem to
support it.  But there was a Russian philosopher of the 1800s (in
Schmemann's Ult_Questions) who asked what if one loses his soul to
save the soul of many more others.  Is this latter idea more of the
problematic 1960s "situation ethics", which even a registered Democrat
like Alex Bickel (famed Yale constitutional scholar whose
mother-in-law was my parents' tenant) blamed, because of the Warren
Court, as the way Nixonian actions around Watergate were
self-justified. Machiavelli may be interpreted as having said that a
good Prince should be good most of the time precisely so he can get
away with being mean and brutal when necessary - and even before him,
the clergy told St Vladimir that his abolishing capital punishment may
be correct personally as a Christian, but what type of Christian
ignores his responsibility as a Monarch in order to protect his own soul.
	Remember that those great political scientists Popper and
Berlin told us the greatest atrocities of the 1900s were not the
result of nationalism, but because of the attempts to supress
nationalism. Communism and Nazism and all their sibling
totalitarianisms (Zapatism, Ba'athism, Kemalism..) were evil precisely
because they put ideas above people, so ideologues became so enraged
at human nature itself and became misanthropes because the people they
were supposedly trying to improve for the sake of some theoretical
ideal were standing in the way. Remember the risks of The Ladder
(Climacus), where, the closer to GOD you have climbed, the more the
evil one prizes winning you over. If you are so willing to give up
your soul to save the souls of others, then you have crossed the line,
and the evil one now has won you over, so your henceforth evil may
undo the salvations you just bargained for. To say that you are so
trivial as to be unimportant to the big plan is the first step, just
as psychiatric depression is often the door which unlocks the evils
that were up to now hiding as mere personaility type idiosynchrasies,
but through the turbulence of evil become personality disorders and
neuroses. For human calculation is so transcended and irrelevant in
the holy dimensions, that the fraction becomes the whole and the whole
becomes the fraction, just as even time can be transcended and treated
as if temporally distinct events suddenly become simultaneous and
multidirectionally interdependent. This is why former Abp Iakovos
(Faith_for_a_Lifetime p169+) advised against ideology as a primary
motivator "be suspicious of trendy issues.. focus on immediate
issues".  I would argue ideology, indeed, any human thinking, is only
a heuristic rule of thumb, no matter how well crafted. But perhaps my
major flaw is that I am looking with scientific eyes at something that
can never be understood scientifically?

FDR, Mussolini & Stalin

CompuServe Issues  225877 S2/Political Issues    20-Jan-92  14:51:28
Sb: #225064-Racism & Protectionism  Fm: Vasos Panagiotopoulos 76530,1430
Let's get back to protectionism, which is the left's form of
accepted racism. My great grandparents were sent back from Castle
Garden (before Ellis Island was built) because racist labor unions
had agitated against those dark skinned Greeks and Italians. My
granpa came back and lived in CInncinnati a decade illegally before
going back - for this the Greek reds killed him as an American and buried
him in the Grave of the Thousand on Mt. Olympus. The same labor unions
waged a bloody Stalinist campaign in small American towns in the thirties
with the advice and consent of Stalin-pal FDR - and they succeeded in
denying many people the right to work. These now Brezhnevite labor unions
are corrupt and lazy and even hungrier - and they have denied the
entire American Northeast the right to participate in the Reagan
Revolution. They get stupendous wages for inefficient car workers.
They overstuff urban payrolls with do-nothings, who turn around and
campaign for the people that govern them. They use unions to deny
competitive bidding in construction so that it takes a billion dollars
to dig an unfinished mile-long underwater subway line. Maybe the new
Japanese prime minister can frighten us into a little perestroika of
our own?
The thought of Mario Cuomo and his shop stewards ending up the way
of Ceasescu and his Secutitate is tempting.. but I'll resist it.

QURAPADIDLIAC COLLEGE POLL

23 Lomax Mordeley Court, Giles Arkes Lake, NY 13989

Poll Shows New Results

Political Landscape Shifts

For Immediate Release

Contact: Vraugham Phachaeuer (212) 288-9970

Giles Arkes Lake- In surprising newly discovered local dambursts were discovered important new demographic shifts that grealy impact our fleeing society as lakes of disenchantment provide their ultimate causality. Entire zipcodes vanish from the map as if their existance was momentary or even imaginary, making even the most accurate polling look specious. The impact upon the community is incredible as voting patterns shift to meet the challenge. Automation alone will be insuffient as new satellite tracking systems must be implemented with utmost imaginativeness and creativity. I am here and for all the cowmoonittie, not just any civic politician but integrally involved in the civic life of all for all and for your good, here for the cowmoonittie not just a politician but integrally involved perpetually here for the cowmoonittie not just integrally involved but in the civic life not of cowmoonittie for all here unquestioningly here for the cowmoonittie whose defect I rectify here for the cowmoonittie not just the politician but an involved, glorified civic divinity oblong clever just guardian prudently assertive for the earth a good donor manifestation unconfusingly teach all parks bulbs quilled for your good! Meticulously casually quilled all and for your good I am here for the cowmoonittie not just any politician but integrally inspiration generously devotedly distinctly but empower the bare squeamish cupboard.


My Political Past

Date: Wed, 26 Feb 1997 15:16:17 -0500
From: Vasos Panagiotopoulos +1-917-287-8087 Bioengineer-Financier
       Samani Marions Panyaught NYC-11357-3436-287-USA [vjp2]
Message-Id: [199702262016.AA17664@dorsai.dorsai.org]
To: elite@prysm.net, repub-d@u.washington.edu, REPUB-L@VM.MARIST.EDU,
        RUSHTALK@ATHENA.CSDCO.COM, conservative@dragon.com
Subject: Another list oldie intro

	As retaliation for Crimea, the Turks ethnically cleansed
Macedonia, hence in 1885, along with his father and future
father-in-law, five-year-old stow-away Peter Dimitriou Bluhos arrived
in Castle Garden, NYC, but was soon sent "back". He snuck back in, in
1910, via Cuba, to work illegally in a paper factory in Cincinatti, but
left to fight for Smyrna, only to be killed by Greek reds in 1949 at
the Mt Olympus Tomb of the Thousand, for "being Yank". Twelve years
later, I, his first granchild, was the first member of my family to be
born in the USA. How do you grow up with a LEGACY LIKE THAT? You end
up going around tenth grade, convinced by your liberal teachers you
were a fascist, much to your parents' horror, until a distant relative,
who was part of the Greek junta but wounded at el Alamein tells you
"We were never fascists. We fought the fascists."  
	Well, as a freshman at Columbia, in 1979, at the time of Three
Mile Island, I had to walk over demonstrators to get to classes. That
week, a bunch of us in honors chemistry seminar got together and made
some history, asking the university to activate the reactor and
calling ourselves SCARE (Student Coalition Against Revolutionay
Effort.. now it's "Scholarly" instead).
	With my dad waiting tables for two shifts and myself working
thirty hours a week in research, I found it cheaper to finish at
nineteen. Except, I nearly flunked out my last year, because political
fever caught me again. You see, we called it the "Carter Weimar" and
started the "Reagan Revolution".  Two years later, I headed the
Columbia GOP and got to meet such current luminaries as Jack Abramoff,
Grover Norquist, the late Jay Young (whose funeral is today), Amy
Moritz, Steve Baldwin and Ralph Reed.  I also met a lot of
unscrupulous folks whose ambition exceded their falsely-professed
ideology and had to unfortunately battle them in the countless purges
that I thought only occured in YOUTH politics; unfortunately, when
adults do it, they might be quieter, but they are also a lot
dumber. Having then just studied Conflict Management under a former
colleague of George Schulz, I got to fly around to campuses all over
NY State to fight fires. (I also got to grow up with my folks' tenant
being the mother-in-law of Bork mentor Alex Bickel, and took courses
with Zbigniew Brzezinski and supply-side founder Robert Mundell.) 
	Then after all that schooling (8yrs worth in five), I joined a
campaign to fill Feraro's seat with a conservative, Serf Maltese,
while I worked at a financial math software startup. Moving on to the
Federal Reserve as a quant, I got Hatched, but soon tired of all the
lazy bureaucrats and left, just before the 1987 crash, to start my own
consultancy. I now set up biotek firms, and eventually got dragged
back into local politics (when I woke up to find a bulldozer on my
lawn), until I now, too, just ended up on the Queens GOP board.  The
day of Giuliani's election, the car, that was driving around Steve
Weiner and me to chase down voter fraud, got its window smashed in
front of a welfare project.  
	With current events in Bosnia and Russia, I find myself,
suddenly a lot less sure what I believe. I feel my fellow
conservatives have betrayed my Orthodox faith to support the pending
new Papal majority. Finding that my old Life Chain friends spent a New
Years in Sarajevo left me curious if supporting them wouldn't
eventually cut my own throat. At the same time, the
duQuackey-Quackandreou ethnocentrists have taken over my faith and
make me feel no longer at home even there. I have a curious longing
for the days when only intelligent revolutionaries were religious and
conservative - instead of everyone unconsciously joining with
brainless automaton kneejerk false demagogic fervor replete with
cryptoracist schizoparanoid conspiracy theories; I'm lost, confused
and angry - except there seems to no longer be a movement of kindred
spirits.  The anger that used to focus on liberals is now aimed at
myself, eating me up inside.
	You'll find some of my articles on Health Deform, Education,
Urban Policy, et al, on my web page under "articles". Back in 1990,
some other (econ) articles of mine used to appear in the sister paper
of the Washington Times, the now-defunct NYC Tribune. You'll even find
my politcal campaign experience summarised in a RefCard on
campaigning.

Greek and Orthodox USA Numbers

	US%Ancestry: Germanic 30 Celtic 20 Mediterranean 12 Slavic 5
Asian 6 Amerind/Hisp 15 African 12
	US%Faiths: Baptist 20 Orthodox 2 Anglican 3 Muslim 4 Jewish 3
Lutheran 8 Methodist 10 Pentecostal 3 Presb/Refm 3 Vaticanist 44.
(Also NYTimes Almanac 2000 p417 says Vat 38% Bapt 17%.. based on nccusa.org)
	Greek Orth US (k) Avg Ann 77-93: Baptisms 10 Wedd/Gr 2 Wedd/Mx
3 Chrism 1 Funrl 4 Divrc/Gr .4 Divrc/Mx .3.  By diocese (Baptisms,
funerals): NY(1540,763), NJ(1063,458), Chgo(838,425), Atla(740,175),
Detr(573,304), SF(924,377), Pgh(532,281), Bost(942,595); Dividing
difference (Bapt-Funrl) by Grk Pop gro=.6% or USA Pop gro=1% should
approx population.
        Orth Chr Laity 1993 Proj Orth Renewal pp20-21 ISBN 0-937032-95-6 
1'genrn 200k immigr, 2' 350k 3' 250k 4' 100k Tot 900k.. 1975 Gallup .031 Gr
Orth (Reinken). 670k 1990 550k (Kosmin). Archd 130k fam, 400k indiv. 2/3 Gr
ethn Orth, OCA 24.5kfam* 400.130=75k=150*500parish
	Hartford Seminary HIRR OCA 115k GOA 440k AOCA 84k
	1990 US Census C90STF3C1 NY-NNJ-LI-CT MSACMSA=5602: LANGUAGE
SPOKEN AT HOME Speak only English:12,062,150 Greek: 107,612 First
ancestry: Greek 168,688 Second ancestry: Greek: 22,933 Single
ancestry: Greek: 135,206
       1990 US Census C90STF3C1 Nationwide Greek: LANGUAGE SPOKEN AT HOME
388,260 First ancestry reported 921,782 Second ancestry reported
188,591 Single ancestry reported 632,540
       GSS RELIGKID Protestant 813 Catholic 395 Jewish 29 Orthodox 8 (ie 0.6%)
Moslem 3 Other 21 No religion 46 Don't know 24 No answer 20
	550 parishes x 500 members or 200 families make quarter
million, but in 1992 half the parishes had under 75 families and a
total of 86,000 contributing members. OCA has 26,000 supporting
members.  There are no more than half a million Orthodox in the USA:
250,000 Greek, 75,000 Russian, 150,000 Antiochian and 2,000 converts.

New Old Economics

                                     (Written in Spring 1998 and Fall 1997)
	Two years ago BoNY's Bannon showed NYC Beta Sigma Gamma (MBA
honors fraternity) a cartoon of Clinton bragging about creating so
many new jobs, and the waiter serving him water saying "Yeah, and I
have three of them." (Meaning part-time.)  Recently when I was told my
native Long Island has more that regained the defence conversion lost
jobs, I asked about the Grumman engineers and was told they either
became programmers (glorified clerical workers, if you ask me), worked
at Home Depot, took early rerirement or left the region.  Yes, we live
in deflationary times. Hopefully this deflation is fragmented across
segments of society (as in 1880s) and will not hit us in an aggregated
global wave (as in 1930s, thanks to protectionism). What should we
expect when all this real estate (not to mention production) that was
taken out of the market by communism is now returned, boosting supply,
hence pressuring prices downwards? How much of the Asian crisis is due
to the bolshevisation of Hong Kong and how much is due to western
socialists explaining their dislike of markets through a fantasaical
insistence that Asians somehow follow different semi-socialist market
realities?
	In the meanwhile, as debt tax deductions were removed by
1986's tax reform, we have desubsidised debt (as well as removed the
regulatory pressures which kept energy expensive), hence lowered
pressure on interest rates, cheapening and reducing the federal
deficit, allowing us to break the spiral of its continuous growth. But
credit has also cheapened as the aging of the industrial world has
increased the supply of investable funds. But this aging has also
brought us a dangerous potential source of a revived inflation, namely
the labor shortage. Would the return of a capital gains tax break
provide a Mundellian offset to the supply shock of such a labor
shortage? Would we be able to maintain the discipline to keep our
budgets in surplus as well as reduce taxes and keep money tight enough
to provide the balanced growth specified by Mundell in his 1971
Princeton International Finance essay Dollar&Policy Mix.
	The question arises as to whether a prolonged period of
deflationary increases in productivity will lead to labor unrest, as
in Bismark's Germany, the times of the French Revolution, the times of
the Bolshevik Revolution, the times of the Ayatollahs and the times of
William Jennings Bryant. Would such unrest lead us back to more New
Deal style socialism or would we be able to disintermediate its
effects through such things as a privatisation of social security and
a desubsidisation (whether subsidisation was through tax breaks,
grants or federal insurance schemes) of health care and education
(especially catastrophic health care and higher education)? Will we be
able to reform, defragment, and modernise our financial (banking,
securities and insurance) system in time (perhaps allowing for
deregulation of all finance except that pertaining to health,
education and housing)?
	At the same time, we have lost the ability to control the
money supply as new instruments and electronic money have allowed
Wenninger and Partland to argue M1 and M2 are no longer
measurable. Now, through vendacards and other electronic money, we are
returning to interest pegging, which was shown as destabilising by
rational expectations. It is argued that Greenspan doesn't really peg
interest rates when he sets the discount rate, rather excercisies his
sole remaining instrument, the bully pulpit, from where he semaphors
us with either discount rate setting or talk of "rational exuberance".
Greenspan is remarkable - the man is the model - he digests raw data,
picking at individual, disagreggated numbers to arrive at his
intuitive conclusions - will we be able to maintain his policies in
the unfortunate event he left us?
	Greenspan is Geoffrey Moore's student. Geoffrey Moore and
Milton Friedman were both Arthur Burns students. Arthur Burns was the
Fed chair Carter dumped in order to get G William Miller to inflate us
to insanity.  That whole school is heavily influenced by the German
hyperinflation experience earlier this century. Greenspan is clearly
the closest thing to a gold standard we could have under the current
system.  What happened in some part in 1987 is that Greenspan looked
at a lot more data than Volker was looking at and hit the brakes
(although the market itself was also reacting to Smoot-Gephardt-301
and most importantly, the end of capital gains preference). About
1986, Milton Friedman had come out with an article in Journal of
Political Economy (macroeconomics used to be called political economy
before Keynes) about the cost of holding currency. The buzz was then
that he was gonna become a gold standard supporter. About that time,
Manly Johnson had gotten the Fed to look at yield curve slope and
ALCAP instead of M1. (ALCAP was a commodity basket of Aluminum Copper
and Ammonium Phosphate, meant to have the net effect of a gold
standard without all the supposed negatives.)  In 3/95 I met a chap
named Heinnemann who insists on measuring what he calls M0, or tight
money, which is demand deposits plus currency abroad - well, that
sounds great, and it's certainly a great heuristic for customers of
his who don't have huge market-moving accounts like the grubmint does
- but what happens when your account iss so big it has highly nonlinear
effects and approximations don't cut it?  Also, a bit earlier, we had
the Plaza Accords. About a week later I was at the NY Academy of
Sciences listening to my favorite econs prof, supply-side founder
Robert Mundell (the preface to Laffer's 1984 Intl Eco text clearly
attributes this to him) sparring with Princeton's Peter Kenan and
LBJ's Roosa, and the general feeling was then that the Plaza Accords
were a precursor to a new Mundellian Bretton Woods. But that was an
INTERNATIONAL gold standard - one in which national currencies got
devalued based on their gold reserves in the sub-basement vault of the
NY Fed. (C. Lowell Harriss wrote a book on banking or international
banking in the 50s or 60s which gave a very clear description of the
gold transfer mechanics.) The bottom line is "gold standard" means
many thing to many people and the trouble is in agreeing on what it
means. There is also the very serious question that, since gold has
now become a commodity used in electronics manufacturing, it may have
fundamentally changed its economic behavior.  What we seem to be
approaching now (if deflation doesn't wreck it) is a return to
private, commodity-based currency, in the form of magnetic
venda-cards, which is what the system was in the 1870s and which is
even more "right wing" than "gold standard". The big question in my
mind, as I was schooled in rational expectations, which said
interest-pegging was destabilising, is why we now basically peg the
discount rate.  My suspicion is that the instability isn't very
relevant at low interest rates, but if interest rates start going up,
it will destabilise again.  

Sleezbooga, Choke, No Repsi

			(A Spoof on Balkan Foodstuffs in Martha Stewart Style)
	Enough with Martha Stewart becoming Jewish. Let us meet her
Balkan sister-in-law, Balka Stewart.
	Baklava. It is unknown if this name is intentionally a pun
on the Greek word for idiot "vlaka" or the Turkish word for
mountain "balkan". Needless to say, it is very flakey and nutty. The
Arab version is also much smaller and drier. Greeks are known to
apply more beet-sugar syrup by volume than actual pastry, some
claiming it is an act of stinginess, others assuring the excess
sugar ends the constipation provoked by over-roasted Turk birik coffee.
If the streudel is shredded into a spaghetti-like form (or perhaps
like shredded wheat) and pistachios are added, the treat is called
kandayifi or kenaf.  Greeks abroad have been known to make
variations like Baklava Croissant, which is basically a lot of
walnuts and almonds inside the croissant. Turks and Arabs make
related, round sweets like these sold as "nightingales" or "bird nests".
	Kokoretsi. It is unknown if this combination of innards is
tastier with or without the automotive fingernail grime of the
truckdriver who reassembled it after having collected it from
roadkill. If it is continuously reroasted in excess lards and
associated grilldrip, however, you will not taste the difference.
Related innard concoctions are called spleenandero (spleentestines).
When combined with oatmeal and gravies it is called (Scottish) haggis.
It is to ingest these "gizzard blizzard" delicacies that pine resin
left over from turpentine production is set aside to make retsina wine.
	Turk birik coffee. Coffee which has been repeatedly rebrewed
and reroasted to make sure it doesn't leave your system until you have
availed yourself of every last violence-provoking stimulation from its
constituent cafeine. Drunk as a thick paste that makes eggnog look
watery, in a thimble-sized cup called a filjan, intended to allow these
thick-fingered barbarians the pretense of refined delicateness.
	Tsatsiki (Cacik). A combination of yogurt, cucumbers and
garlic meant to be a substitute for alcohol for genuinely practising
muslims. The essence of this "white sauce" (real origin of "hit the
sauce") is the overdose of garlic, meant to counteract the
high-cholesterol, high-salt diet frequent in the regions, but the
blood-pressure lowering effects are hardly noticed after they have put
even the mildest ingestor into trancelike, paranoid, smelly stupor.
	Spanakopita. This struedel made from goat cheese and unwashed
spinach is even more crunchy if the lad you paid to bicycle this huge
pie to the village oven dropped it near some hazardous construction
site to make the bottom sparkle with sand and debris. Variations
include tiropita (only cheese), galaktobureko (farina custard),
melintzanopita (eggplant - tastes like meat), vlitopita (various
greens high in ochridotoxins known to produce the high rate of Balkan
urinary cancers). The original form is the burek (aka pirogi), the
Turkish finger-sized version of the Chinese eggroll, filled with goat
cheese and unusually gastrostimulant garnishes several times stronger
than dill, mint (diosmo) or parsely.  These gastrostimulant garnishes,
if ingested by the unconstipated gourmet, could lead to
diverticulitis. Grape or cabbage leaves covering various combinations
of meat and rice are called dolma and yuvarlaki (the latter akin to
Chinese dumplings or Irish potstickers or Jewish Kreplakh or Russian
Pirogi). Greeks who have adopted education-despising, papal ways in
the west are derrogated as "dolma - Greek leaves on the outside and
papal meathead on the inside".
	Fasol. Not to be confused with American chili. Turks, Greeks
and Slavs all call their beans fasol. It is a soup made of white beans
and tomatoes and various chopped vegetables and is a staple dish for
basic protein and starch. When homecooked in small quantities, it is
usually way too sour. Only navy chefs prepare large enough quantities
to extract enough starch to emulsify away the acids and oils. Olive
oil is also a staple source of lipids, with the saying "I'll squeeze
you into oil" used to describe a bearhug because those olives usually
get the enough laughs out of failed attempts to squeeze them (hey,
their seed didn't survive on the Acropolis since antiquity for
nothing). A Greek medical professor at Harvard has postulated olive
oil makes for unusually low rates of Balkan breast cancers.
	Shishkebob. Originally made by invading Turk horsemen (only
men came so, lacking women, they needed amusement) from impaled humans
"shished" (silenced) after rebellions when the victim's head stopped
bobbing. (Dionysios Solomos is said to have written the Greek national
anthem while impaled.) In order to export it to the west, to keep
hapless raki-racked (ouzo makes you ouzie, but raki puts you on the
racks - both distilled from fermenting a thick syrup left over from
grapes crushed for wine) Turk gastarbeiten employed, beef and lamb was
supposedly used instead of human meat, and it was placed on very long
toothpicks instead of swords. To keep from offending toothless
westerners, the Turks applied sufficient quantities of acetic acid
(aka vineagar) to soften the horsemeat that pretends to be
otherwise. Very often the horse meat comes from the original horses
the Turk's ancestors rode into Asia Minor a millenium ago (yes, they
were THAT tough - and they had to do something with those horses after
they discovered the utility of dervish janissarism). When this meat is
ground and combined with gastrostimulant (admonished above) garnishes
like dill, mint or parsely, and then fried, it is called kefte. When it 
is made of mixed origin and mixed in fibrous strands, it is called cevaps.
	Galina will tell us about hyacinth lentil soup (Imagine the
laugh of an American kid when a parent announced in Palace Greek that
"fakas" were served!) whose pulp was used to make parchment for
Byzantine manuscripts and served to Plutarch and Melas Zomas by
Dnieper Sophists. (I'm sure I got that wrong, but who really cares,
this is supposed to be a joke.)

The End

So.. what do all these fried flaking petunia bladders and hard boiled frog
manure have to do with the smell of Rumplestilskin's toenails, anyway?
Close your mouth or a donkey will eat your tonsils!
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