UCLA economists think so.
“Why the Great Depression lasted so long has always been a great mystery, and because we never really knew the reason, we have always worried whether we would have another 10- to 15-year economic slump,” said Ohanian, vice chair of UCLA’s Department of Economics. “We found that a relapse isn’t likely unless lawmakers gum up a recovery with ill-conceived stimulus policies.”
In an article in the August issue of the Journal of Political Economy, Ohanian and Cole blame specific anti-competition and pro-labor measures that Roosevelt promoted and signed into law June 16, 1933.
“President Roosevelt believed that excessive competition was responsible for the Depression by reducing prices and wages, and by extension reducing employment and demand for goods and services,” said Cole, also a UCLA professor of economics. “So he came up with a recovery package that would be unimaginable today, allowing businesses in every industry to collude without the threat of antitrust prosecution and workers to demand salaries about 25 percent above where they ought to have been, given market forces. The economy was poised for a beautiful recovery, but that recovery was stalled by these misguided policies.”
Maybe if Obama wins tomorrow we’ll get to see if this recession can last a few more years after they implement some rather whacky laws that are in his economic ‘platform’.
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I’m a news junkie, especially from non-US sources. Unfortunately, watching TV from Europe or Asia is hampered by a big problem–the curve of the Earth. The satellites that hit Europe and Asia are not exactly positioned to beam their signals down to the US. While I have the big dish to get some of the content, that is still reliant on the broadcaster ‘double bouncing’ their signal through an Earth station somewhere and not encrypting their feeds.
Online options are dispersed. Most of the good peer-to-peer programs like Sopcast and TVAnts are Windows only, and going to 100s of different websites can be a real pain.
So I’m pretty pleased to find Livestation. This is a small downloadable app that gives you a standard interface to a lot of different content from around the world. I’m watching Orange Sports from France right now, and can flip to Euronews and a few other feeds of interest. Right now I’m watching Al Jazeera English service (which is funny in the bias that it shows).
Try downloading it. Works on Macs, Windows and Linux.

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Ro ro past the window where will you go?
Military Sealift Command has a number of ships up in Baltimore that you can see anytime you drive through the city. But it’s actually quite rare to see them afloat, unless you are off the coast of Iraq or some other trouble spot.
Today the USNS Mendonca, a ro-ro ship past the window with the AIS Ship plotter listing its final destination as ‘To Sea’. Maybe they sense an Obama victory and are getting the ships in place to bring back the tanks?
USNS Mendonca is one of Military Sealift Command’s nineteen Large, Medium-Speed Roll-on/Roll-off Ships and is part of the 21 ships in the Sealift Program Office.
• Length: 950 feet
• Beam: 106 feet
• Draft: 34 feet
• Displacement: 62,069 long tons
• Speed: 24.0 knots
• Civilian: 30 contract mariners
• Government-Owned/ Chartered:
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