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jerryking : french   20

Why the US economy isn’t as competitive or free as you think
November 14, 2019 | Financial Times | by Martin Wolf.

The Great Reversal: How America Gave up on Free Markets, by Thomas Philippon, Belknap Press RRP$29.95, 368 pages

It began with a simple question: “Why on earth are US cell phone plans so expensive?” In pursuit of the answer, Thomas Philippon embarked on a detailed empirical analysis of how business actually operates in today’s America and finished up by overturning much of what almost everybody takes as read about the world’s biggest economy.

Over the past two decades, competition and competition policy have atrophied, with dire consequences......America is no longer the home of the free-market economy, competition is not more fierce there than in Europe, its regulators are not more proactive and its new crop of superstar companies not radically different from their predecessors.

Philippon's argument:
(1) US markets have become less competitive: concentration is high in many industries, leaders are entrenched, and their profit rates are excessive.
(2) this lack of competition has hurt US consumers and workers: it has led to higher prices, lower investment and lower productivity growth.
(3) contrary to common wisdom, the main explanation is political, not technological: Philippon traces the decrease in competition to increasing barriers to entry and weak antitrust enforcement, sustained by heavy lobbying and campaign contributions.”....... the US economy has seen a significant reduction in competition and a corresponding rise in monopoly and oligopoly.

What should the US want? The answers, suggests Philippon, are: free entry; regulators prepared to make mistakes when acting against monopoly; and protection of transparency, privacy and data ownership by customers. The great obstacle to action in the US is the pervasive role of money in politics. The results are the twin evils of oligopoly and oligarchy. Donald Trump is in so many ways a product of the defective capitalism described in The Great Reversal. What the US needs, instead, is another Teddy Roosevelt and his energetic trust-busting. Is that still imaginable? All believers in the virtues of competitive capitalism must hope so.
antitrust  barriers_to_entry  books  book_reviews  campaign_contributions  Citizens_United  competitiveness_of_nations  crony_capitalism  dark_money  economics  economists  entrenched_interests  EU  FAANG  free_markets  French  gun_laws  healthcare  lobbying  market_concentration  monopolies  monopsony  oligopolies  oligarchs  regulators  Theodore_Roosevelt  uncompetitive 
november 2019 by jerryking
Jan 19, 2017

Many believe that the kind of flooding the country has experienced in recent years is related to issues connected to global warming. It is also known that the current drainage structure in Georgetown and the coastal plain cannot cope with the intensity and volume of rainfall.
The government owes it to the people to develop both short-term and long-term strategies to solve the problem. It should contract specialists in the field to increase the capacity of the current drainage structure in Georgetown and the coastal plain in order to absorb the volume of water from heavy rainfall. The specialists should also provide advice as to the viability of existence of Georgetown, which according to experts is sinking. The pertinent questions would be: What kind of drainage system is needed to ensure the survival of the people in the most fertile part of Guyana? And, more importantly, is the city really sinking?
Georgetown  Guyana  floods  climate_change  Dutch  French  British  history 
january 2017 by jerryking
Recipe: French-influenced Braised Short Ribs - The Globe and Mail
Special to The Globe and Mail
Published Friday, Feb. 13 2015
Lucy_Waverman  ribs  French  braising 
february 2015 by jerryking
Obama calls Hollande as U.S. spy scandal widens to include France - The Globe and Mail

WASHINGTON — The Associated Press

Published Monday, Oct. 21 2013,

U.S. President Barack Obama called French President François Hollande on Monday and discussed France’s anger over reported aggressive surveillance tactics by the National Security Agency...Keeping tabs on allies is classic spy craft but the sweep and scope of the NSA program have irritated Germany, Britain, Brazil, and most recently Mexico and France....The report in Le Monde, co-written by Glenn Greenwald, who originally revealed the surveillance program based on leaks from former NSA contractor Edward Snowden, found that when certain numbers were used, the conversations were automatically recorded. The surveillance operation also swept up text messages based on key words, Le Monde reported, based on records from Dec. 10 to Jan 7.

The French government, which wants the surveillance to cease, also renewed demands for talks on protection of personal data.
Obama  espionage  security_&_intelligence  NSA  sigint  France  French  surveillance  spycraft  eavesdropping 
october 2013 by jerryking
Review: Mastering the Art of French Eating -
October 3, 2013 | WSJ | By MOIRA HODGSON

Book Review: 'Mastering the Art of French Eating,' by Ann Mah.
Steak was brought to Paris by occupying British troops after Napoleon's defeat at Waterloo in 1815. The frites came later.
French  France  food  books  cookbooks  sausages 
october 2013 by jerryking
Modern Method French Course Book 5
Discarded during the move. Belonged to Aunt Irma
books  nostalgia  French 
august 2013 by jerryking
Where's the Best Boeuf? -
January 18, 2013 | WSJ | By RATHA TEP.

Where's the Best Boeuf?
In Burgundy, bien sûr! We went in steaming hot pursuit of the finest version of France's classic beef stew, one spoonful at a time
beef  France  French  stews 
january 2013 by jerryking
Chicken en cocotte - The Globe and Mail
From Saturday's Globe and Mail
Published Thursday, Nov. 03, 2011
chicken  recipes  Lucy_Waverman  French 
november 2011 by jerryking
Lunch with the FT - Lunch with the FT: François Pinault
April 8 2011 | Financial Times | By Jackie Wullschlager.
A self-made luxury goods magnate, Pinault is internationally acclaimed
for his cutting-edge art collection, consisting of 2,000 works, many
acquired directly from artists such as Damien Hirst and Jeff Koons. But
in France he has never shaken off a reputation as something of a
wide-boy who made his wealth through takeovers of ailing companies,
aided by political friendships; he is close to Jacques Chirac and
Nicolas Sarkozy. “French people ... look at Pinault as a pirate,” Le
Monde journalist Harry Bellet told Forbes Magazine, which last year
estimated Pinault’s fortune at $8.7bn – reportedly the third-largest in
luxury  François_Pinault  collectors  art  PPR  self-made  moguls  French  Damien_Hirst 
april 2011 by jerryking
Recipes: a taste of Provence
Jun. 26, 2010 | The Globe and Mail | Lucy Waverman. (1)
recipes  summertime  Lucy_Waverman  chicken  French  desserts 
august 2010 by jerryking

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