Obama for Kanzler

Hediigeer unuudur oroi Mikhalkov-iin kino uzeh hutulburtey baisan bolovch Obama Berlin-d ireh surgaar tsagiig ni uurchlun oroin hoolnii daraa shuud Potsdamer Platz ruu yavav. Umnu ni Obama-giin campaign speech-uudiig TV-eer zalhatlaa uzej baisan bolovch neg talaaraa Kennedy, Reagan nariin gadaad bodlogiihoo uzel bodliig tunhaglaj baisan gazar bolj baigaa gedeg utgaaraa, nuguu talaaraa delhii niit Obama-g herhen huleej avch buig ajiglah bolomjiig olgoj baigaagaaraa minii huvid neleed sonirholtoy baiv. Getel jaahan oroitsoniig ch heleh uu ochood hartal Tiergarten Park-d bituu humuus tsuglasan bailaa. NYTimes deer bichseneer bol barag 200'000 hun baisan gene. Amerikiin olon ulsiin tavtsan dahi ner hund urid hojid baigaaguygeer unachihaad baihad iim olon hun tsuglasan gehed itgehed berh. Ene ni Obama-g delhii niit huleej avahad belen baigaag iltgej baigaa yum bolov uu daa...

Speech-iin huvid uuluh yum alga. Complacent American attitude-ees zailshiisen, delhii niited tulgaraad baigaa asuudliig hamtiin hucheer shiidverlehiig urialsan, rhetoric-iin huvid uuguy oguulberuud (gehdee "Tear this wall down", ali esvel "Ich bin ein Berliner" mayagiin ugsiig tuunees huleej baisnaa nuugaad yahav) ni nadaas avhuulaad niit tsuglasan olnii talarhliig asar ih huleev--zarim ni bur algaa horstol tashihaar zogsohguy "Obama! Obama!" gej hooloi niiluulen orilj baiv. Hervee husvel endees text-iig ni, harin endees video-g ni uzeerey.

Huviihaa setgegdliig helehed Obama-giin speech-iig uuriin bieer sonsood tuund ANU-iin yurunhiilugch boloh buhii l erch huch, medleg turshlaga hangalttay gedegt ogthon ch ergelzehee boliv. Gagtshuu odoo tuund uuriihuu muriin hutulburiig ulem tuguldurshuuleh, McCain-iig yalah, tegeed aguu yurunhiilugch baih l uldlee...

"People of Berlin – people of the world – this is our moment. This is our time."

Obama Speaks to Germany on European Ties
Obama in Berlin: We’re a People of Improbable Hope

Song of the Day

Neleed deehne bichij baisan bolovch oldohguy baisan clip-iig deer taviv + Achka's facetious yet brilliant music video

Happy Naadam!

Thus the Positive has a double place in relation to the Negative: on the one hand it rests in itself and in this apathetic self-sufficiency contains nothing of the Negative; on the other, however, and just because of this rest, as something in itself opposed to the Negative, it actively excludes the Negative; but this activity of exclusion is a motion and so the Positive, just because of its positivity, is in itself no longer the Positive, but the Negative; in that it excludes the Negative from itself, it excludes itself from itself and drives itself to destruction.

Well, thanks very much indeed Mr. Bakunin, for such an obnoxiously illuminating gobbet...

Gesnees Woody Allen-ii neg quote genet sanaand orloo :)

To love is to suffer. To avoid suffering, one must not love. But, then one suffers from not loving. Therefore, to love is to suffer, not to love is to suffer, to suffer is to suffer. To be happy is to love, to be happy, then, is to suffer, but suffering makes one unhappy, therefore, to be unhappy one must love, or love to suffer, or suffer from too much happiness — I hope you're getting this down.

Food Crisis Extra

An excellent interactive feature from Financial Times on recent food crisis:

The global food crisis - yalanguya "Civil Unrest", "Trade Balance" gesen hesguudiig ni anzaaraaray

+ Why Are Food Prices Rising?

P.S: Hervee Facebook-d burtgeltey bol Financial Times-iig uneguy zahialj boloh ni, yay! - Financial Times Free Student Subscription Offer

A Must Read

The Book Collection That Devoured My Life

Many books are screwy, a great many are dull, some are irredeemable, and there are way too many of them, probably, in the world. I hate all the fetishistic twaddle about books promoted by the chain stores and the book clubs, which make books seem as cozy and unthreatening as teacups, instead of the often disputatious and sometimes frightening things they are. I recognize that we now have many ways to convey, store, and reproduce the sorts of matter that formerly were monopolized by books. I like to think that I'm no bookworm, egghead, four-eyed paleface library rat. I often engage in activities that have no reference to the printed words. I realize that books are not the entire world, even if they sometimes seem to contain it. But I need the stupid things.

P.S: Tegj baigaad Jose Gonzalez-iin concert review, Bloomsday celebration, Celtics Parade-d oroltson tuhaigaa neg zavaaraa bichnee

This and That

Publish hiihee martsan baahan linkuud olov:

The McCain Doctrines
A Final Farewell
Five Basics for Building a Solid Financial Future
High-Tech Japanese, Running Out of Engineers
And Behind Door No. 1, a Fatal Flaw
A Surgeon’s Path From Migrant Fields to Operating Room
Einstein Letter on God Sells for $404,000

Bernanke's Bubble Laboratory
Reading the Signposts
The Yale Economic Review - 5 Hot Minds in Economics
Young Guns: Five Hot Minds in Economics - Markus Brunnermeier
The Yale Economic Review - A Profile of Professor Keith Chen
Tomáš Sedláček - On Morals of Homo Oeconomicus

Oil bubble
Music Is The Key
Kipling’s wise words

Ойворгон олон чамайг онилон буруушаахуйд
Оюунаа vл алдан хэрвээ чи тэнцэж чадваас
Огтоос бvгд чамд эргэлзэн хуйлрахуйд
Орчилдоо эргэлзээг нь багтаан чи єєртєє л итгэж чадваас
Yзэмж vл тєгєлдєр, ухаалаг хурц яариагvй байгаад
Єєрєє чи худалд тооцогдсон ч, vгэнд нь vл уусаж
Yзэн яадагдаж байсан ч, vйлээн баран vл єрвєлзєж
Єєрийнхєє цагийг тэсвэртэй хvлээж хэрвээ чи чадваас

Хvслийнхээ боол бололгvй мєрєєдєж чадваас
Хэтийн зорилгодоо живэлгvй эргэцvvлж бодож чадваас
Хуурмаг яалалт, худал сvйрлийн аль алиныг
Хамтад нь эн тэнцvvхэн хvлээн авч чадваас
Yнэн vгсийг чинь єєдгvй амьтад зувчуулж
Yнэнхvv тэнэгсийг урхидахыг сонсоод тэсэж чадваас
Амидралаа зориулсан бухэн ар араасаа сvйрэхийг хараад
Адгалгvй єндийн, мохсон багажаараа ахин босгож чадваас

Олсон бvхнээрээ овоо хэрвээ босгоод
Огтхон ч vл эргэлзэн тvvгээрээ аз туршиж чадваас
Оргvй бvхнээ алдлаа ч гарааныхаа цэгээс нь
Олиж алдагдалаа тоочилгvй бvхнийг эхлvvлж чадваас
Энэ бvхэн тvvх болсон хойно ээлж чинь ирэхгvйд
Эрvvл ухаан, зvрх сэтгэл, бие махбодио хєвчилж чадваас
Тэсэх хэрэгтэй гэх хусэл зоригоос єєр
Тvшиг vгvй хоосон ахуйд чи тэсэж чадваас

Хурсан олонтой ярихдаа хvндлэл тvшигийг нь хvлээж
Хаадийн хvрээнд алхахдаа харц олонд элбэрэлтэй байж чадваас
Хайрт анд, єстєн дайснаасаа хараал занал ул хулээж чадваас
Хvн ард чамд туйлдаа хvртэл бишрэхгvй ч итгэсээр байваас
Ахиж vл олдох єршєєл нь vгvй мєч бvрийг
Алс хэтийн зорилгынхоо агуулгаар дvvргэн байваас
Алтан дэлхий баялагтайгаа чамд сєхєрєх болно
Ай, тvvнээс ч илvvтэйгээр алдрай хvv минь чи “ХYН” болно.

2003-08-27

by Mulguu

БААБАР МОНГОЛД ХЭРЭГТЭЙ ЮҮ, МОНГОЛ БААБАРТ ХЭРЭГТЭЙ ЮҮ? - Yanz ni Roozongiin Enkhbat, Baabar hoyor neleed aihtar mudaaltsjee dee
Jazz, the Dead and a Musical Bridge
Scarlett's Next Act
WSJ Summer Reading List

Mongol Mayagiin e-PR

Suuliin uyed News.mn ruu oroh bur baruun tald ni baahan ulsturchdiin web/blog-iin banner-uud haragdaad baih bolloo. Neg bodliin Mongolchuud maani internetiig uls turchduusuu avhuulaad buh niiteeree hereglej delhiitey hul niiluulj baigaa ni saishaaltay met. Getel nuguu talaasaa deerh ulsturchdiin blog-uud ruu orohoor blog neesen zorilgoo saitar todorhoilooguy, deerees ni constituent-uudiihee chuham yu haij blog ruu ni zochilj baigaag saitar uhaaraaguy met setgegdel turuh yum. Minii taamaglaj baigaagaar ene ni AH, Hu nam hoyor songuulid ner devshigchdee huugaar ni blogjuulah gesen communist tuluvluguuniih ni gor bololtoy (niiteer ni huchindej, tsutgaj hiisen zuil etsestee hend ch heregguy zuil bolj huvirdagiig ungursun 90 jil bidend uhaaruulaaguy gej uu?).

Eden dotroo hamgiin davguy ni baih yostoy Saihanbilegiin blog ruu saya orj uzlee. Orson chini cyber punk mayagiin style-tay aihtar blog ugtav. Yag hend zoriulj iim zagvar songoson ni oilgomjguy. Huuheldey uzdeg, songoh erhguy 18-aas doosh nasniihand uu, ali esvel computer geek-uuded uu? (Saihanbilegiin ner devshij baigaa toirog dahi humuusiin heden huvi ni comics unshdag bol? hehe) Nuguu talaasaa yag Mongold amidarch baigaa Mongoliin mass buren internetjeeguy baigaa. Tegeheer blog neesneeree goltsuu gadaadad baigaa Mongolchuudaa onilj baigaa yum bolov uu daa. Getel ulsturchid uursduu tednii songoh erhiig ni olgohguy baij tednees yag yugaa huseed baigaa yum bol? Orond ni ulamjlalt argaaraa "1000 tugrugnii" surtalchilgaagaa ailuudaar taraaval iluu ur duntey baimaar.

Za ene ni ch duurch getel dotorh content ni neg l bish ee. Uul ni blog neesen l yum bol tuuniigee uuruu hutluud, uuruu yum bichmeer yum. Getel dotor ni haa negtey sonin deerees uuriih ni tuhai garsan eyreg material-uudaas uur yu ch alga. Gideon Rachman-ii helsenchlen "The archetypal political blog favours instant response over reflection; commentary over original research; and stream-of-consciousness over structure." Zuulun helchihed manai nuhduudiin blog-uudad edgeer zuilsiin ali ni ch alga (uuruur helbel blog l gej nerlej baigaa bolhoos blog bish gesen ug). Bas neg marzan zuil ni utsaar irsen heden zuun sanaluudiig tuhain hunii umnuus comment hesegt ni hen negen nuhur type hiij baigaa yum baih. Terniig tooj unshih hun baihguy shuu dee; hairan tsag, hairan hudulmur.

Yur ni ICTA-giin dargiin blog iim baihad busad ni yamar baih ni oilgomjtoy. Manaihand common sense geech zuil aihtar ih dutah yum daa.

Delhii dayar uls turchid blog-oo herhen hutulj, PR-taa herhen ashigladag talaar gants hoyor jishee avya. Minii bodloor odoogoor internet-iig uuriihuu PR-t hamgiin mundagaar ashiglaj baigaa hun bol yah argaguy Britain-ii Tory Namiin darga David Cameron. Hervee zavtay bol tuunii webcameron site ruu orood uzeerey. Uuriih ni muriin hutulbur hiigeed udur bur haana yu hiisniig ni iltgeh video, unshsan speech-uud geh met tuunii talaarh buhii l medeelliig endees olj bolno. Deerees ni bi Cameron-ii YouTube deerh site-d ni bainga ordog buguud end tuunii Google-ees Britain-d avch heregjuulmeer sanaanuudaas ugsuuleed PMQ-d herhen beltgej baigaa behind-the-scenes video ni hurtel bii.

Uur neg sain blog bol yah argaguy Britain-ii odoogiin Foreign Secretary David Miliband-iih. Uuniig neg yosondoo tuunii ajliin tailan gej helj bolmoor (gehdee ali ungursun hoino ni heden honogiin daraa tailagnah bus harin hiij bui ajlaa tuhai burt ni tailagnah gej oilgovol zohiltoy). Getel manai uls turchdiin blog dotor ali ni ch ingej chadahguy baina. Uuruu ch oruuldag yum uu, tuslah ni ch umnuus ni copy-paste hiij ugdug yum uu buu med. Neg l deer uyeiin baahan yariltslaga, mungu tulj bichuulsen niitleluudiin tsugluulga. Tiim zuil hend heregtey yum be?

Etsest ni helehed ulsturchiin blog ruu tuhain hun yag hen be, yamar medleg bolovsroltoy, songovol nadad yamar ashigtay, muriin hutulbur ni her unemshiltey talaar dugnelt hiih gej ordog bolohoos tuunii tuhai eyreg medeelliig unshih gej tsag zavaa zardagguy yum. Uuniig internettey dunguj taniltsaj ehelj baigaa uls turchid maani oilgoj blog bichvel bichsen shig bichij bidnii Tamiriin Goliin musiig doloon baij olson heden tugrugiig ashigguy zuild zarahaa boliosoy bilee.

Addendum: Apostles of the blogosphere may just be political Pooters by Gideon Rachman + Boris Johnson's election broadcast (darn good PR!)

Current Music: Symphony No. 5, Finale - Sibelius (conducted by von Karajan)

An Unconventional Thought: Positive Side of the Rising Food Price

Yag odoo Mongold hunsnii uniin usult hun buhnii tolgoinii uvchin bolj baina. Zarim neg ni enehuu uvchniig songuulid songogdoh heregselee bolgon ashiglaj baihad nuguu neg ni hen negniig buruutgah zamaar anagaah gej oroldoj baih shig.

Nuguu talaaraa songuuli oirtood ch yum uu humuus enehuu uil yavdliin eyreg taliig anzaarahguy baigaa met. Unguts harah yum bol hunsnii buteegdehuunii uniin usultud hamgiin ih hohiroh humuus ni hereglegchid, yalanguya tuv suurin gazar amidardag yaduu irged yum. Harin dahiad jaahan bodvol hamgiin ih hojih humuus ni yah argaguy hunsnii buteegdehuun uildverlegchid (e.g. tarialanchid, malchid geh met). Uuruur helbel tanai ger bul heregledgeesee iluu hunsnii buteegdehuun uildverledeg bol tand enehuu uil yavdal eyregeer tusch harin uildverledgeesee ih heregledeg bol (ali esvel uildverledegguy bol) tand surguur nuluuluh yum.

Minii bodoj baigaagaar yag odoogiin Kazakhstan, Oros zereg uls ornuud (deerees ni jilees jild mahsaj bui Hyatad) hunsnii importiin tatvaraa bagasgaj baigaa uyed bid ene dalimiig ashiglaad net food importer-oosoo net food exporter boloh heregtey. Gadnii hurungu oruulagchid ch ene zavshaanii ashiglaad manaid hunsnii buteegdehuun uildverleliin salbart hurungu oruulah ni damjigguy. Hervee tegj chadval huduud hunsnii uildverlel erhleh ni ashigtay bolj hot ruu nuudelleh shiljih hudulguun undsendee zogsoj (magadguy bur esregeeree ergej) eh ornii ezguy hesguud maani ch ezentey bolj etsestee bid hojih yum. Gagtshuu bidend hamgiin iheer dutagdaj bui zuil bol huuli erh zuin eruul orchin (gazriig tarialand herhen ashiglahiig mash todorhoi bolgoj, deerees ni Sodkhuu metiin pomeshikuudiig dahin turuulehees bolgoomjloh heregtey) hiigeed huduu aj ahuin salbariin technologiin shinechlel yum.

Uul ni gazraa sendiichij baisnaas ur shimiig ni hurteed amidarval alsdaa bidend heregtey yum daa. Yu gej bodoj baina?

Addendum: The Food Chain - A Series From The NYTimes + A rift in the swords/ploughshares continuum

KIBBUTZ BE'ERI, ISRAEL - APRIL 30: Seen from the cab of a combine harvester, an Israeli army armored personnel carrier (APC) secures the border with the Gaza Strip as Israeli farmers bring in the wheat crop near Kibbutz Be'eri in southern Israel. As grain prices reach record levels, Israeli farmers are expanding the area under wheat cultivation, right up to the border fence with the Hamas-controlled territory.

Thanks!

Nadad tursun udriin mend hurgesen buh humuust bayarlalaa!

Ta buhend zoriulaad Beethoven-ii "Egmont Overture"-iin 1985 onii von Karajan-ii huvilbariig tavilaa (minii huvid Egmont Overture-iin hamgiin mundag recording!). 1956 onii Hungarian Revolution-ii uyer enehuu hugjmiig radio-goor zogsoltguy yavuulj erh chuluunii tuluu temtsegchdiig zorigjuulj baisan yum gene lee. Minii blogiig unshigch taniig ch gesen zorigjuulah boltugai!

Richard Price

No one writes better dialogue than Richard Price — not Elmore Leonard, not David Mamet, not even David Chase. Not only does Mr. Price have perfect pitch for the lingo, the rhythms and the inflections of how people talk, but he also knows how to use a line or two or even a single phrase to conjure a character’s history and emotional vibe. He’s as adept as Tom Wolfe at using his journalistic eye for social detail — for how people juggle work and love and money, and navigate the confounding maze of class and social status in big cities today — but he does so without turning his characters, as Mr. Wolfe so often does, into caricatures or cartoons.

Michiko Kakutani's review of Richard Price's latest book, Lush Life

Sleepy-Eyed Writer, Wandering Byzantium

Neighborhood Watch

"Richard Price Cracks a Hard-Boiled 'Lush Life'" from NPR

The Best Sentences I Read Today

Сэтгүүлчдийг хөгжих хэрэгтэй гэлээ. Эхлээд юуг анхаараасай гэж бодож байна вэ?

Наад зах нь төрөлжиж мэргэшмээр байна. Байдлаас ажихад нэг сэтгүүлч юм бүгдийн тухай бичих гээд байх юм. Зүй нь, хэн нэг сэтгүүлч өнөөдөр хөдөө аж ахуйн сэдвээр, маргааш эрүүл мэндийн салбараар, нөгөөдөр гэмт хэргийн талаар, цаад өдөр нь улстөр бичиж байх жишээтэй. Одоо бүх мэдээлэл төрөлжиж байна шүү дээ. АНУ-д гэхэд анагаахын, Пентагоны, Цагаан ордны, цэрэг армийн сурвалжлагч гээд бичдэг сэдвээрээ салбарлаж төрөлжсөн, мэргэшсэн хүмүүс байдаг. Түүнчлэн хөрөнгийн биржийн сурвалжлагч гэж бий. Англид гэхэд спортын тухай бичлээ гэхэд бас л ялгаагүй дотроо олон төрөлжсөн байдаг.

Чөлөөт хэвлэл, хэвлэлийн эрх чөлөөг хэрэгжүүлэх гол эзэн нь сэтгүүлч учраас энэ талд их санаа тавих ёстой гэж хэлэх гээд байна. Хэдийгээр contemporary journalizm, distinctire journalizm, linvestigative journalizm, feisty journalizm, envelope journalizm, venal journalizm, keyhole journalizm…гэх зэрэг дэлхийн сэтгүүлзүйд байдаг бараг бүх элемент Монголд байна. Монголын сэтгүүлзүйг бүхэл бүтэн өнөр өтгөн өрх айл гэж үзвэл дотор нь элдэв янзын хүн ороод суучихжээ. Ёстой л нөгөө “Сайн муутайгаа нийлж гэр дүүрдэг, сархинаг гүзээтэйгээ нийлж тогоо дүүрдэг” гэгч л болчихоод байна. Anchor гэхүйц авьяаслаг тулхтай хүмүүс байхын сацуу адгийн шаар (cur mongrel) ч байна.

Та энэ ярилцлагад олон гадаад үг хэрэглэж байна шүү.

Харин тийм, мэдэж л байна. Гэхдээ монголчууд тракторыг трактор, машиныг машин, компьютерийг компьютер л гэдэг биз дээ. Ялгаа юу байна. Сэтгүүлзүйн нэр томъёо Монголд өнөөхөндөө нэг мөр зүгширч тогтоогүй завсрын үед байхад заавал орчуулах гээд хэрэггүй. Учир нь Монголд чөлөөт хэвлэл хөгжиж байсан уламжлал байхгүй. Тийм болохоор бусдаас сурахаас өөр аргагүй.

Бусдаас гэж гол нь хэнээс, хаанаас?

Бид Өрнөдөөс л сурна. Тэгэхээр хааяа харь үг хэрэглэхэд хажиглах хэрэг юун. Даяаршлал гэж ярих болсон энэ үед ганц нэг гадаад нэр томъёо хэрэглэж дасч байхад зүгээр биш үү

Ц.Дашдондов on Free Press

P.S: Gonzo journalism-iig duridahaa martchij :P

Today's Songs

Brad Mehldau Trio - Wonderwall (minii huvid ene bol Oasis-iin Wonderwall-iin hamgiin mundag cover; daraa ni medeej Ryan Adams, Cat Power hoyoriinh orno :D)

Simone Dinnerstein - Goldberg Variations (emegtey hun togolson gesendee ih zuulun bas ayaduu bolj; gehdee l yamar ch Goldberg Variations Glenn Gould-iin 1955 onii recording-g guitsehguy yum aa)

Addendum: Hervee goyo jazz tsomguud haij baival ene blog-oor orood garaaray + Bach-d dontson humuust Douglas Hofstadter-iin "Gödel, Escher, Bach"-iig recommend hiiye (dotor ni Goldberg Variations-iin tuhai neg jijig ded buleg bii)

This and That

Weekly Columnist for FT Wealth James Altucher + Freakonomics' Stephen Dubner on him (ene Altucher gej ih sonirholtoy zuils bichdeg nuhur baina; finance sonirhdog humuus TheStreet.com deerh bichleguud bolon Stockpikr deerh portfolio-nuudiig ni sonirhoj uzeerey)

Most people’s pictures of globalisation are to do with economics, technology and business. But before markets, modems and manufacturers could do their work, political changes had to take place. The foundations of the globalised business world are political – and so are the biggest threats to the system.

The challenge to the globalisation consensus comes from below. Political elites in the US, Asia and Europe are struggling to convince citizens that globalisation is not just a game that benefits the rich. If the argument is lost in any of the major world economies, the political consensus that underpins globalisation could unravel.

The political threats to globalisation

[...] we have an idea of market fundamentalism, which is now the dominant ideology, holding that markets are self-correcting; and this is false because it's generally the intervention of the authorities that saves the markets when they get into trouble. Since 1980, we have had about five or six crises: the international banking crisis in 1982, the bankruptcy of Continental Illinois in 1984, and the failure of Long-Term Capital Management in 1998, to name only three.

Each time, it's the authorities that bail out the market, or organize companies to do so. So the regulators have precedents they should be aware of. But somehow this idea that markets tend to equilibrium and that deviations are random has gained acceptance and all of these fancy instruments for investment have been built on them.

The Financial Crisis: An Interview with George Soros - George Soros shares his financial wisdom

Running Out of Planet to Exploit by Krugman - quite gloomy outlook indeed...

“ТУУЛАХ ЗАМ УРТ“ - Yurunhii Said asan Byambasuren guayn yariltslaga. Deehne Han-Uul Deed Surguuliin Demberel "Mongold hoyorhon jinhene ediin zasagch bii: neg ni Jasrai, nuguu ni Byambasuren" gej helj baisan udaatay. Hervee bolomjtoy bol Byambasuren guayn "Orchlongiin Hurd" nomiig zaaval unshaaray--magadguy 20-r zuunii tugsgul uyeiin Mongoliin hamgiin lut buteel baij medne.

As Economy Slows, So Do Laser Eye Surgeries - Haraa muutay humuust (ter zuun tald baigaa "Science Illustrated: Lasik Surgery" gedeg deer Lasik surgery-g ih goyoor tailbarlasan baina)

How to get a job in the foreign-policy world

"The Wizard of Bubbleland" Henry C K Liu on Alan Greenspan

Tim Harford's top 10 undercover economics books

BBC World Service 75th Anniversary: Historic Moments Collection

Politics at Play on Martha’s Vineyard :)

Today's Video: Conrad Tao performing Prokofiev's Piano Concerto #3 (Prokofiev-iig 13 nastay huuhed togloj baina geheer arai l aimar yum--gar ni zugeer l hiischiishd hehe) + The Tao of Early Musical Success
Current Song: Zero 7 - Red Dust

Is Libertarianism in Crisis?

In the United States, the reconsideration of the Friedman doctrine came via the global financial crisis that has resulted from the collapse of American real estate. Many economists blame regulators for ignoring warning signs that banks and investors were growing reckless. One Friedman acolyte has taken the brunt of such criticisms — Alan Greenspan, the former chairman of the Federal Reserve.

A Fresh Look at the Apostle of Free Markets + Brad DeLong and Paul Krugman comments

Hailed three years ago as "the greatest central banker who ever lived," the retired chairman of the Federal Reserve now is being criticized for his management of the U.S. economy before he retired in 2006. The Fed's low rates and laissez-faire regulatory oversight during his final years are widely blamed for sowing the seeds of today's financial crisis -- one that began in the U.S. housing market and is now battering banks, stock markets, borrowers and consumers around the world.

His Legacy Tarnished, Greenspan Goes on Defensive

Marginal Revolution's Tyler Cowen talks about "the intellectual crisis in libertarianism" + Bryan Caplan disagrees Tyler Cowen + Arnold Klin disagrees Bryan Caplan

Addendum: Stiglitz on Shock Therapy etc.

Growth Diagnostics of Mongolia

Growth Diagnostics for a Resource-Rich Transition Economy: The Case of Mongolia by Elena Ianchovichina and Sudarshan Gooptu

Abstract: This paper uses a growth diagnostics approach à la Hausmann, Rodrik, and Velasco (HRV) to identify the most ‘binding’ constraints to private sector growth in Mongolia – a small, low-income, mineral-rich, transition economy. The approach of applying the HRV methodology is useful in those cases where a lack of data prevents us from estimating shadow prices to identify the most ‘binding’ constraint to growth. We find that although Mongolia is not liquidity constrained and has grown rapidly in recent years, economic growth has been narrowl based. Investment has flowed mainly into a small number of firms operating in mining and construction. The low level of private investment in sectors outside mining and construction has been due to low returns – a result of costly and unreliable transportation services; lengthy and complex transit procedures, including customs and trade rules; distortionary taxes; coordination failures, at both domestic and international levels; and growing corruption. Poor financial intermediation is also a problem that has kept the cost of finance high, although lower than in previous years. Alleviating these binding constraints will ensure that Mongolia maintains the path towards sustained, broad-based
growth.

via Dani Rodrik

Are We On Right Track?

DELHII DAYAR TUV BANK HUUGEE BUULGAJ BAIHAD MONGOL BANK INGEJ TENEGTEHEE BOLIMOOR YUM.EDIIN ZASAG ARAI CHADAN URAGSHLAH GEJ BAINA, IIM UED DEMJIJI TUSLAAD OGOOCH, HYAMD ZEEL HEREGTEI BAINA SHU DE.

Монголбанк мєнгєний бодлогын хvvгээ чангарууллаа

The Bank of Mongolia further tightened its monetary policy stance by raising its policy rate by 1.35 percentage points to 9.75 percent. The Bank of Mongolia defines 7-day Central Bank Bill rate as its policy rate which tends to be effective in influencing interbank money market. [...] An increase in the policy rate of 1.35 percentage points is deemed to be necessary to bring CPI inflation down, to reduce the growth of credit and monetary aggregates.

Bank of Mongolia again raises its policy rate

In order to prop up the króna, and keep foreign capital from fleeing, Iceland’s central bank has had to raise interest rates to an astounding fifteen per cent, a move that will slow the economy to a crawl. [...] If Iceland were to attempt to emulate America’s approach, its currency would be demolished, and foreign investors would almost certainly head for the exits. [...] [The U.S.] doing this not out of kindness, of course, but because the U.S. is a colossal market and they need us to keep buying stuff. The world can’t afford to have the U.S. fail, and so we are able to get away with behavior that would wreck smaller countries.

Iceland’s Deep Freeze

This and That

In fact, for most of its history, Islamic law offered the most liberal and humane legal principles available anywhere in the world. [...] It sometimes seems as if we need Shariah as Westerners have long needed Islam: as a canvas on which to project our ideas of the horrible, and as a foil to make us look good

Why Shariah?

Gloomy About Globalization by Robert Skidelsky (Keynes-iin biographer nuhur mun uu?)

Play It Again, Sam (Re-enactments, Part One) by Errol Morris, maker of "A Brief History of Time"

What I.Q. doesn't tell you about race by Malcolm Gladwell

Interview with Robert Solow

Jazzing Up the Big Screen (My Blueberry Nights davguy kino bolson baina lee)

My System of Work (Not!)” by Avinash Dixit via Levitt's ECON421 course site

The coming financial pandemic + The Recession Felt Around the World by Nouriel Roubini

The Once and Future Kissinger via Jai Singh of FP's Passport

And this one is especially for Achka: Natural History by Andrew Bird (currently he's co-writing this NYTimes blog on "how to write a song and other mysteries" :))

Current Food Crisis

Талхны үнэ өнөө, маргаашдаа өсөхгүй ч…

Rush to restrict trade in basic foods

New Limits to Growth Revive Malthusian Fears

Odd Crop Prices Defy Economics + Grains gone wild by Krugman

As Prices Rise, Farmers Spurn Conservation

FP Passport's Food Riot Watch

David Dawe, a senior economist at the Food and Agriculture Organization of the United Nations, from Rome about rice prices, poverty in rice-producing nations and the impact of the U.S. dollar on commodities

Update: The World Food Crisis

This and That

To Stretch or Not to Stretch? The Answer Is Elastic (manaid bol dasgaliin umnu stretch hiij bolohguy l geed avaad baidag shd hehe) + Running 101 & A Guide To Running + Times Health Care (minii medehiin hamgiin accessible medical library, gesnees oldvol Gray's Anatomy-g huviihaa nomiin sand nemerleh yum shuu)

Newt Gingrich Answers Your Questions from Freakonomics Blog (I hate Gingrich, but this interview seems quite interesting)

Common Wealth by Jeffrey Sachs (interesting article, thanks Clouds for the pointer :)) + Jeff Sachs' "Common Wealth" dissected over e-mail

Order in the jungle: The rule of law has become a big idea in economics. But it has had its difficulties from The Economist

We will never have a perfect model of risk by Alan Greenspan aka "Woody Allen with Math Skills"

Argentine Nights + Tango in Buenos Aires + Piazzolla's Libertango played by Yo-Yo Ma (gesnees Yo-Yo Ma-giin "Soul of the Tango: The Music of Astor Piazzolla" gesen album-iig butneer ni sonsch uzeerey)

How the Grinch Stole Chinese New Year from Slate

Queenfish: A Cold War Tale

Live From Lhasa: Shaky cell-phone videos from Tibet foretell doom for the Chinese empire

From my NYTimes saved pages (hezee negen tsagt unshina daa geed hadgalsan, ali esvel unshaad taalagsdan niitleluud :P):

Where Greek Ideals Meet New England Charm (New England-iin huduunii nomiin sanguud goyo shuu, huuchin nomiin uner shingesen uruund nom unshingaa tsonhnii tsaadah navchnii shuugih chimeeg sonsood l...)
How a Bubble Stayed Under the Radar
"An Enduring Measure of Fitness: The Simple Push-Up"
Waving Goodbye to Hegemony
The Education of Ben Bernanke
Hobbies Are Rich in Psychic Rewards
The Gladwell Effect
Japan Wrings Its Hands Over Sumo’s Latest Woes
He’s Happier, She’s Less So
Scientist Finds the Beginnings of Morality in Primate Behavior
WIN A TRIP WITH NICK KRISTOF; The Winning Essay
Reckonings; Slicing The Salami (Krugman on Bush' tax cut)
Vast Change Since the Cold War
Human Nature Redux by David Brooks
NASA Goes Deep

Current Music: Ryan Adams - Firecracker (Ryan Adams rocks! Bas ene duu orson "Gold" album-iig huviihaa zugees recommend hiiye)

Tonight's Playlist

Zero 7 - In The Waiting Line (from Garden State Soundtrack)
Dropkick Murphys - I'm Shipping Up To Boston (hail Woody Guthrie!)
The Who - Baba O'Riley (eniig sonsohoor dandaa unuu House M.D.-iin neg episode sanaand orohiin :P)
U2 - Ground Beneath Her Feet (Rushdie-giin shulgiig ni bichsen duu, harin ter kinog ni olj uzmeer baigaa yum daa)