BANK FOR INTERNATIONAL SETTLEMENTS BIS REVIEW NO. 83: INFLATION

June 30, 2008 at 2:39 pm | In Economics, Financial, Globalization, Research | Leave a Comment

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BIS Review

Bank for International Settlements

BIS Review No 83 available

Press, Service (Press.Service@bis.org)

Publications, Service (Publications@bis.org)

Mon 6/30/08

Please find BIS Review No 83 attached as an Adobe Acrobat (PDF) file.

Alternatively, you can access this BIS Review on the Bank for International Settlements’ website by clicking on http://www.bis.org/review/index.htm.

What’s included?

BIS Review No 83 (30 June 2008)

BIS Annual Report: The unsustainable has run its course and policymakers face the difficult task of damage control

BIS statement of account for May 2008

Malcolm Knight: Policy challenges from resurgent inflation and financial market turmoil

General Manager’s statement, BIS press conference

BIS 78th Annual Report 2007/08: an overview

Conclusion of the 78th Annual Report: the difficult task of damage control

________________________________

please e-mail press.service@bis.org.

BIS Review

Bank for International Settlements

BIS Review No 83 available

Press, Service (Press.Service@bis.org)

Publications, Service (Publications@bis.org)

Mon 6/30/08

MILITARY SEMINAR: SEPTEMBER 16 2008

June 30, 2008 at 4:29 am | In Military, Research, USA | Leave a Comment

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Combat Studies Institute

CONFERENCE ANNOUNCEMENT and CALL for Papers

THE US ARMY AND THE INTERAGENCY PROCESS:

HISTORICAL PERSPECTIVES

16-18 September 2008

Lewis and Clark Center

Fort Leavenworth, KS

The Combat Studies Institute will host a symposium entitled:

“The US Army and the Interagency Process: Historical Perspectives.”

The symposium will include a variety of guest speakers, panel sessions, and general discussions. This symposium will explore the partnership between the US Army and government agencies in attaining national goals and objectives in peace and war within a historical context. Separate international topics may be presented. The symposium will also examine current issues, dilemmas, problems, trends, and practices associated with US Army operations requiring close interagency cooperation.

More information is available at Symposium Announcement.

http://call.army.mil/

Combat Studies Institute

OIL FIELDS

June 29, 2008 at 10:04 pm | In Arabs, Globalization, Middle East, Research | Leave a Comment

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Selected oil fields Country Province [3] Field Ultimate

Middle East

Abu Dhabi Rub Al Khali Basin Umm Shaif Field

Zakum Field 20 billion

Bahrain Greater Ghawar Uplift Awali 1 billion

Iraq Mesopotamian Foredeep Basin East Baghdad Field 11 billion

Kirkuk Field 16 billion

Majnoon Field 11-20 billion

Rumaila Field 20.5 billion

West Qurna Field 11-15 billion

Iran Abouzar Field

Aghajari Field 14 billion

Ahwaz Field 17 billion

Azadegan Field 3-6 billion

Balal Field

Darkhovin Field

Dehluran Field

Dorood Field

Esfandiar Field

Fereidoon Field

Gachsaran Field 15 billion

Marun Field 16 billion

Naftshahr Field

Nowrouz Field

Salman Field

Sirri Field

Yadavaran Field ~6 billion?

Kuwait Mesopotamian Foredeep Basin Burgan Field 66-72 billion

Minagish 2 billion

Raudhatain 6 billion

Sabriya 3.8-4 billion

Oman Fahud-Huqf Yibal 1 billion

Qatar Qatar Arch Maydan Mahzam 0.550 billion

Bul Hanine Field 0.690 billion

Greater Ghawar Uplift Dukhan Field 2.2 billion

Saudi Arabia Rub Al Khali Shaybah Field 15 billion

Abu Hadriya Field

Greater Ghawar uplift Abu-Sa’fah field 6.1 billion

Abqaiq Field 12 billion

Berri Field 12 billion

Dammam Field

Fadhili Field

Foroozan-Marjan Field

Ghawar Field 71 billion[4]

Harmaliya Field

Khursaniyah Field

Manifa Field 11 billion

Marjan Field

Qatif Field

Zuluf Field

The Neutral Zone Mesopotamian Foredeep Basin Safaniya-Khafji Field

Yemen Marib al Jawf Alif Field 0.5 billion

As’sad Al Kamil 0.14 billion

Masila Camaal

Tawilah

Sunah

 

Africa

Algeria Ghadames Bir Rebaa

Ouargla Hassi Messaoud 9 billion

Illizi Djanet

Berkine Ourhound

Hassi Berkine

Angola Lower Congo fan Kizomba Complex 2 billion

Dalia (oil field) 1 billion

Cobo/Pambi

Dikanza

Girassol

Kissanje

Nemba

Pacassa

Takula

Xikomba

Cameroon Rio del Rey Basin

[[2]]

?

Congo African interior-rift basin M’Boundi oilfield ?

The Central African Republic Ubangi river vally[citation needed] Boise 1[citation needed] ~ 1 million

Boise 2[citation needed] ~ 0.5 million

Egypt Red Sea rift / Gulf of Suez Badri

Belayim >1 billion

Belayim Marine ca. 0.5 billion

July (Oil field) ca. 0.5 billion

Ramadan (oil field) ca. 0.5 billion

Ras Budran

Morgan (oil field)

October (oil field)

Equatorial Guinea Niger Delta toe-Thrust Alba (oil field)

Zafiro ~ 1 billion

Rio Muni Basin Ceiba (oil field)

Gabon Oggoué Delta Etame

Rabi-Kounga 0.8 billion

Libya Sirte Basin Serir field 12.6 billion

Sirte Basin Zelten oil field 2.5 billion

Sirte Basin Waha field

Sirte Basin Raguba field

Murzuq Basin Elephant field 0.7 billion

Nigeria Niger Delta ca 250 fields, total : ca 36 billion

Agbami Field 0.8-1.2 billion

Johnston Field

Bonga Field 1.4 billion

Mauritania Mauritanian coastal Chinguetti Field ~ 120 million [[3]]

Toif field

Banda field

Omar field

Abdul Field

Mali Gao Graben Basin ?

 

Uganda Lake Albert Basin ?

 

Europe and Former Soviet Union

Azerbaijan South Caspian Basin Azeri-Chirag-Guneshli 5.4 billion

Shah Deniz 2.5 billion

Kazakhstan Pre-Caspian Basin Tengiz Field 6-9 billion

Karachaganak Field 2.5 billion

Kashagan Field 13 billion

Kurmangazy Field 6-7 billion

Darkhan Field 9,5 billion

Zhanazhol Field 3 billion

South Torgay Basin Kumkol Field 0.1 billion

South Mangyshlak Basin Uzen Field 7 billion

Kalamkas Field 3,2 billion

Zhetybay Field 2,1 billion

Nursultan Field 4,5 billion

Norway Viking Graben (North Sea) Ekofisk oil field 3.3 billion

Troll Vest 1.4 billion

Statfjord 3.4 billion

Gullfaks 2.1 billion

Oseberg 2.2 billion

Snorre 1.5 billion

West of Helgeland (Norwegian Sea) Norne

Draugen

Russia Western Siberia Lowlands Samotlor Field 20 billion

Priobskoye field 13 billion

Lyantorskoye Field 13 billion

Fyodorovskoye Field 11 billion

Mamontovskoye Field 8 billion

Russkoye Field 2.5 billion

Vankor 1.6 billion

Vatyeganskoye Field 1.4 billion

Tevlinsko-Russkinskoye Field 1.3 billion

Sutorminskoye Field 1.3 billion

Urengoy group 1 billion

Ust-Balykskoe Field >1 billion

Vyngapurovskoye Field 0.9 billion

Yuzhno-Yagunskoye Field 0.8 billion

Lodochnoye Field 0.8 billion

Povhovskoye Field 0.8 billion

Vynga-Yahinskoye Field 0.8 billion

Salym Group 0.6-0.8 billion

Sugmutskoye Field 0.7 billion

Muravlenkovskoye Field 0.7 billion

Holmogorskoye Field 0.6 billion

Tagulskoye Field 0.6 billion

Suzunskoye Field 0.6 billion

Varyeganskoye Field 0.5 billion

Novogodnee Field 0.5 billion

Pogranichnoye Field 0.5 billion

Pokachevskoye Field 0.4 billion

Kraynee Field 0.4 billion

Nivagalskoye Field 0.4 billion

Tazovskoye Field 0.4 billion

Sporyshevskoye Field 0.4 billion

Urievskoye Field 0.3 billion

Payakhskoye Field 0.3 billion

Kogalym Field 0.2 billion

Verh-Tarskoye Field 0.2 billion

Nong-Egan Field 0.2 billion

Druzhnoye Field 0.2 billion

Luginetskoe Field 0.2 billion

Kluchevskoye Field 0.1 billion

Ety-Purovskoye Field 0.1 billion

Shaimskoye Field

Megionskoe Field

Strezhevoe Field

Yuzhno-Surgutskoe Field

Zapolyarnoye Field

Volga-Ural Romashkino Field 16-17 billion

Tuymazinskoe Field] 3 billion

Arlanskoye Field >2 billion

Shkapovskoye Field

Ishimbayskoye Field

Chekmagush Field

Sobolevskoye Field 0.8 billion

Unvinskoye Field 0.2 billion

Mishkinskoye Field

Mukhanovskoye Field

Chutyrsko-Koengorskoye Field

Osinskoye Field

Kokuyskoye Field

Kuedinskoye Field

Elabuzhskoye Field

Neftegorskoye Field

Buguruslanskoye Field

Bavlinskoye Field

Syzranskoye Field

Ufimskoye Field

Timan-Pechora Basin South-Hilchuy Field 3.1 billion

North-Dolginskoye Field 2.2 billion

South-Dolginskoye Field 1.6 billion

Prirazlomnoe Field 1.4 billion

West-Matveevskoye Field 1.1 billion

Haryaginskoye Field 0.6 billion

Usinskoye Field 0.6 billion

Varandeyskoye Field 0.5 billion

Toraveyskoye Field 0.5 billion

West-Tebuk Field 0.4 billion

Yaregskoye Field 0.3 billion

Vozeyskoye Field 0.2 billion

Yuzhno-Shapkinskoye Field 0.15 billion

Tadinskoye Field 0.1 billion

Hilchuy Field

Inzyreyskoye Field

Yareiyuskoye Field

Peschanoozerskoye Field

Layavozhskoye Field

Sakhalin Islands 14 billion

Sakhalin-I Odoptu 1 billion

Arukutun-Dagi 1 billion

Sakhalin-II Piltun-Astokhskoye Field 1 billion

Sakhalin-III Ayash Field

East-Odoptu Field 4.5 billion

Katangli

Kolendo

Muhto

Mongli

Ohinskoye

Mirzoev

Sabo-West

Ekabi

Noglikskoye

Nabilskoye

Nutovskoye 1.5 billion

Pre-Caspian Basin Kurmangazy Field 6-7 billion

Filanovskogo Field 0.5 billion

Hvalynskoye Field 0.2 billion

Korchagina Field 0.2 billion

Pamyatno-Sasovskoye Field 0.2 billion

Other fields ~1.5-2 billion

Lena-Tunguska Basin Verhne-Chonskoye Field 1.3 billion

Talakan Field 1.3 billion

Yurubchen Field 0.4 (8 geo) billion

Karabulskoye Field 0.4 billion

Verhnemanzinskoye Field 0.3 billion

Troitskoye Field 0.3 billion

Yaraktinskoye Field 0.1 billion

Kuyumbinskoye Field 0.5 billion

Omorinskoye Field

Chayandinskoye Field

Noth-Caucasus Basin 1.7 billion

Maykopskoye Field

Ahtyrskoye Field

Neftegorskoye Field

Hadyzhenskoye Field

and other 0.6 billion

Gudermes Field

Yastrebinoye Field

Oktyabrskoye Field

Old-Grozny Field

New-Grozny Field

Zamankul Field

Sernovosk Field

and other 0.6 billion

Zaterechny Field

Ozek-Suat Field

Velichavskoye Field

and other 0.5 billion

Izberbash Field… 0.1 billion

Lena-Viluy basin Verhneviluchanskoye Field 0.3 billion

Lena-Viluy basin Srednebotuobinskoye Field

Tas-Yuryakhskoye field

Machchobinskoye field

Baltic Butinge basin Kravtsovskoye field 0.05 billion

Yenisey-Anabar basin search

Pre-Pacific basin search

East siberia sea basin search

Germany Northwest German Basin Mittelplate ~ 0.4 billion

United Kingdom North sea Alba oilfield

Andrew oilfield

Aluk oilfield

Scorpion oilfield

Beatriss oilfield

Brae oilfield

Brent oilfield

Bruce oilfield

Buchan oil field

Buzzard oilfield

Clair oilfield 1.75 billion

Claymore oilfield

Cormorant oilfield

Dunlin oilfield

Eider oilfield

Forties oilfield 5 billion

Foinaven oilfield

Fulmar oilfield 0.544 billion

Gannet oilfield

Goliat ([4])

Harding oilfield

Kittiwake oilfield

Magnus oilfield

Nelson oilfield

North Cormorant oilfield

Osprey oilfield

Piper oilfield (see also Piper Alpha)

Rhum gasfield

Schiehallion oilfield

Shearwater oilfield

Tern oilfield

Wytch Farm 0.48 billion

Romania Ploieşti oilfield

 

South America

Argentina Lunlunta Carrizal oilfield, Mendoza City [[5]]

[[6]]

 

Patagonia Dananiel (a) 10 million (?)

Tere de Fuagu Tere de Fuagu ~ 10 million

Brazil Campos Basin Numerous fields, total : ca. 8 billion

including Marlim 1.7 billion

Albacora 0.5 billion

Roncador 2.7 billion

Santos Basin Tupi (oil field) 5-8 billion

Jupiter field 7 billion?

Sugar Loaf field 25-40 billion[7]

Colombia Llanos Caño Limón .1 billion

La Punta

Cupiagua/Cusiana ~ 1 billion

Ecuador Putumayo-Oriente Dorine (oil field)

Eden Yutui

Palo Azul

Sacha

Shushufindi

Villano

Guyana Orinoco tar sands (east) West Guyanan ca. 10 million

Venezuela Maracaibo Bolivar Coastal Field ca. 30 billion

Boscán Field, Venezuela 1.6 billion

East Venezuela Orinoco tar sands 1700 billion (OOIP)

North America

Canada Western Canada Athabasca Tar Sands 1700 billion

Newfoundland Hibernia 3.0 billion

Terra Nova Field 1.0 billion

Hebron-Ben Nevis 0.7 billion

White Rose Field 0.44 billion

Garden Hill 0.3 billion

Cuba North Cuba Basin Marti field ?

Mexico Campeche Sound Cantarell Field 15-20 billion

Chicontepec Chicontepec Fields 17 billion

United States Permian Basin SACROC 1.5 billion

Yates 1.5 billion

Alaska North Slope Prudhoe Bay 13 billion

Alpine 0.4 to 1.0 billion (estimates)

ANS – ANWR None known

Illinois Basin Numerous small fields 4 billion

Mid-Continent East Texas Oil Field 6 billion

Los Angeles Basin Wilmington Oil Field 3.0 billion

Salinas Valley San Ardo Oil Field 0.6 billion

San Joaquin Valley South Belridge Oil Field 2.0 billion[5]

Buena Vista Oil Field 0.7 billion

Coalinga Oil Field 1.0 billion

Cymric Oil Field 0.6 billion

Elk Hills Field 1.5 billion[6]

Kern Front Oil Field 0.2 billion

Kern River Field 2.5 billion[7]

Lost Hills Field 0.5 billion

McKittrick Oil Field 0.3 billion[8]

Midway-Sunset Field 3.4 billion[9]

Mount Poso Oil Field 0.3 billion[10]

Deepwater Gulf of Mexico Atlantis Oil Field, 0.6 billion

Thunder Horse Field >1 billion

Knotty Head 0.2 – 0.5 billion

Jack 2[11] in development

Alaminos Canyon The Great White[12] in development

Tobago[13] in development

Silvertip[14] in development

Asia-Pacific

Australia Bass Strait Kingfish ~1.2 billion

Halibut ~1 billion

NW shelf, Carnavon Basin Goodwyn

Enfield

Wanaea-Cossack

China Heilongjiang Daqing Field 16 billion

Shengli Field

Bohai Bay Jidong Field 2.2 billion(?)

Tarim Tahe Field 8 billion(?)

India Assam Digboi Field

Cambay Kalol Field

Balol Field

Barmer (W. Rajasthan) Several Fields ~ 2 billion

Mumbai offshore Bombay High

Krishna Godavari Ravva Field

Gujarat Santhal Field

Indonesia Northwest Java Basin Ardjuna

North Sumatra Arun

Central Sumatra Basin Duri

Minas

Asri Basin Widuri

Kutai Basin Attaka

West Seno

Nilam

Natuna Sea Belida

Pakistan Punjab Toot oilfield [15] [16] ~ 1 billion

Missa Keswaal 0.5 bn ?

Karachi coastal Jinnah oil field ~ 0.5 billion

Ul-Haq oil field 0.4 billion ?

Musharref oil field 0.4 billion ?

Mizra oil field 0.3 billion ?

Khan oil field ?

Wasim oil field ?

Saudi Oil fields Update:

The Saudis estimate Khurais and the nearby smaller Abu Jifan and Mazalij fields hold a total of 27 billion barrels of oil encased in solid rock 5,000 feet below the baking desert.

Aramco officials insist that despite the tight construction market, the Khurais project will be ready to produce 1.2 million barrels per day by next June.

But equipment and labor shortages have delayed production at another field, Khursaniyah, which was originally scheduled to begin pumping 500,000 barrels per day at the end of 2007. Aramco officials now say Khursaniyah will come online in August.

Also in the works is the development of the Manifa field, which sits offshore in the Gulf and is Saudi Arabia’s only other giant oil field still untapped.

If all goes as scheduled, Aramco forecasts more than 50 billion barrels of fresh reserves from the giant fields by 2011. That amount alone would give Saudi Arabia the ninth largest oil reserves in the world, not even counting its existing reserves.

Outside analysts estimate the kingdom’s total current reserves at about 260 billion barrels.

 

JOSEPH ROTH NOVEL “REBELLION”: “STATE’S VIOLENT IRRATIONALITY”

June 29, 2008 at 4:29 am | In Books, Globalization, History | Leave a Comment

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Rebellion

by Joseph Roth (Author)

Michael Hofmann

(Introduction,Translator)

Product details:

  • Paperback: 256 pages

  • Publisher: Granta Books; New Ed edition (28 Jun 2000)

  • Language English

  • ISBN-10: 1862073635

  • ISBN-13: 978-1862073630

What happens when one’s faith in the modern istitutions of state and law fail? This is the political premise of Roth’s early novel. In this short work we follow the decline of Andreas Pum, a holy fool of the modern age. Andreas a war veteran (having lost a leg) is given a beggars permit and set out into the streets to fend for himself. With a misplaced sense of nobility and absolute belief in the support of his country, he goes about this task with his head held high. At first things go well, but a chance encounter on a tram one day sets in motion a chain of events that ruin his life. It is not the material hurt or suffering that bite hardest, but the destruction of Pum’s wold view. No longer can the state manifests itself as a just and moral arbitrator for him. Roth cleverly mirrors the loss of religious certainty with that of Pum’s secular fall. The final passages of the book are beautiful and moving as they focus in on Pum’s tragic response to the state’s violent irrationality.

Product Description

Synopsis

The story of Great War veteran, Andreas Pum. When he is imprisoned after a fight, life seems unbearable. A chance encounter with an old comrade who has made his fortune brings Pum to a world where he has a transfiguring experience of justice.

From Joseph Roth, an allegorical yet decidedly modern novelist, comes this story of postwar disillusion, the limits of faith, and “personal fate as governed by the blind, casual workings of a machine controlled by no one and for which no one is responsible” (The New York Times).

When Andreas Pum returns from World War I, he has lost a leg but gained a medal. But unlike his fellow sufferers, Pum maintains his unswerving faith in God, Government, and Authority. Ironically, after a dispute, Pum is imprisoned as a rebel, and all that he believed in is now thrown into upheaval. Moving along at a breakneck clip, Rebellion captures the cynicism and upheavals of a postwar society. Its jazz-like cadences mix with social commentary to create a wise parable about justice and society.

AUSTRO-HUNGARIAN EMPIRE

At the apogee of a reign that commenced in 1848 and ran until 1916, Franz Joseph, Emperor of Austria and King of Hungary, ruled over some fifty million subjects. Of these fewer than a quarter spoke German as a first language. Even within Austria itself every second person was a Slav of one kind or another—Czech, Slovak, Pole, Ukrainian, Serb, Croat, Slovene. Each of these ethnic groups had aspirations to become a nation in its own right, with all the appurtenances of nationhood, including a national language and a national literature.

The mistake of the imperial government, we can see with hindsight, was to take these aspirations too lightly, to believe that the advantages of belonging to an enlightened, prosperous, peaceful, multiethnic state would always outweigh the pull of separatism and the push of anti-German (or, in the case of the Slovaks, anti-Magyar) prejudice. When war—precipitated by a spectacular act of terrorism by ethnic nationalists—broke out in 1914, the empire found itself too weak to withstand the armies of Russia, Serbia, and Italy on its borders, and fell to pieces.

“Austro-Hungary is no more,” wrote Sigmund Freud to himself on Armistice Day, 1918. “I do not want to live anywhere else…. I shall live on with the torso and imagine that it is the whole.” Freud spoke for many Jews of Austro-German culture. The dismemberment of the old empire, and the redrawing of the map of Eastern Europe to create new homelands based on ethnicity, worked to the detriment of Jews most of all, since there was no territory they could point to as ancestrally their own. The old supranational imperial state had suited them; the postwar settlement was a calamity. The first years of the new, stripped-down, barely viable Austrian state, with food shortages followed by levels of inflation that wiped out the savings of the middle class and violence on the streets between paramilitary forces of left and right, only intensified their unease. Some began to look to Palestine as a national home; others turned to the supranational creed of Communism.

“The Bust of the Emperor” (1935) belongs squarely to Roth’s ultraconservative phase. Set in Galicia immediately after the World War, it concerns the quixotic Count Franz Xaver Morstin, who, despite the fact that his homeland now belongs to Poland, keeps a bust of Emperor Franz Joseph in front of his residence and goes around in the uniform of an Austrian cavalry officer. The story is told by an unnamed narrator who takes it as his task to commemorate this obscure, low-key protest against the course of history.

The narrator wastes no time in giving us his opinion of modern times. In the course of the nineteenth century, he observes caustically, it was discovered that “every individual had to be a member of a particular race or nation”:

All those people who had never been anything other than Austrians…began, in compliance with the “order of the day,” to call themselves part of the Polish, the Czech, the Ukrainian, the German, the Romanian, the Slovenian, the Croatian “nation.”

Among the few who continued to regard themselves as “beyond nationality” was Count Morstin.

Before the war the count used to have some kind of social role as mediator between the local people and the state bureaucracy. Now he is without power or influence. Yet the villagers—Jews, Poles, Ruthenians—continue to respect him. These folk are to be commended, advises the narrator, for resisting “the incomprehensible caprices of world history.” “The wide world is not so very different from the little village of Lopatyny as the leaders and the demagogues would have us believe,” he adds darkly.

Commanded by the new Polish authorities to remove the bust of the Emperor, Morstin supervises its solemn burial. Then he retires to the south of France to live out his days and write his memoirs. “My former home, the monarchy,…was a large house with many doors and many rooms for many different kinds of people,” he writes. “This house has been divided, broken up, ruined. I have no business with what is there now. I am used to living in a house, not in cabins.”

Rebellion

by Joseph Roth (Author)

Michael Hofmann (Introduction, Translator)

See:

http://www.nybooks.com/articles/15143

COMMENT:

“the incomprehensible caprices of world history.”

JOSEPH ROTH AND “THE INCOMPREHENSIBLE CAPRICES OF WORLD HISTORY”

June 29, 2008 at 3:26 am | In Books, Globalization, History | Leave a Comment

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The Collected Shorter Fiction of

Joseph Roth

by Joseph Roth (Author)

Michael Hofmann (Translator)

Product Details:

  • Paperback: 256 pages

  • Publisher: Granta Books (October 17, 2002)

  • ISBN-10: 1862075387

  • ISBN-13: 978-1862075382

As you read the “Collected Shorter Fiction of Joseph Roth”, you’ll marvel at his language – his remarkable talent for using simple words to evoke pictures and feelings deep in your mind. Consider, for instance, “…the perfumed lilac breathed, the blackbirds sang, the month of May came giggling out of the undergrowth…” from `The Honors Student’, the very first story in his collection. Or, “The woodpeckers were already hammering at the trees. It rained a lot…” his opening sentences from `Strawberries’ – another touching tale. And, like me, you’ll discover the world of Joseph Roth, thanks largely to Michael Hofmann’s translation.

There are seventeen stories in this collection, all of them wonderfully entertaining. A few of them are long enough to be novellas, but that’s a bonus. Roth writes about small towns, men living in the past, women compelled to wasting their years, and childhoods cut short by necessity. His characters are so real that you’ll feel you might have known some of them, sometime in your life. Each story is a touch melancholic, sometimes even tragic. But his words seem to live on forever.

What you’ll also find running through Roth’s stories is an obsession with the past, or at least, a preoccupation with maintaining status quo. Perhaps, it’s a reflection of his own inability in accepting the changes in his life: World War I, the fall of the Austro-Hungarian Empire, the rise of nationalism and Nazi Germany.

A point he clearly laments in `The Bust of the Emperor’: “They are no longer content to be divided into peoples, no! – it seems they’re hell-bent on belonging to different nations. Nationalism – get this, Solomon?! – Not even monkeys could have come up with that one.”

But melancholy and his obsession with the past are not the only elements that drive these stories. Roth weaves in humour too. Take for instance this description from `Barbara’: “He patted Barbara’s cheeks, and it felt to her like five little piglets scrabbling over her face.” Or, this passage in `The Triumph of Beauty’: “She fell to her knees and kissed my friend’s toe-caps. He couldn’t fight her off. She slapped him as well. Then, she collapsed on the floor, lifeless as a doll. It wasn’t possible to lift her up. She seemed to be welded to the carpet.”

Joseph Roth’s words are wonderfully simple, his descriptions vivid, and his stories, entertaining. A touch melancholic perhaps, but a delightful collection.

It is quite a puzzle that the author of such works as The Radetzky March, Job and Rebellion remains largely unknown to so many English-speaking readers – and even those well acquainted with modern European literature, and the likes of Thomas Mann. Several wonderful translators – not least of them, the poet Michael Hoffman – are helping to correct this sorry situation. Hoffman’s rendition of The Collected Shorter Fiction of Joseph Roth is the latest service in a great cause, as it shows Roth also had a gift for short fiction. With his characteristic lyricism, and precise depiction of conflicted, and all-too-human characters, Roth creates several more memorable stories. Anyone familiar with Roth’s work might recognize the haunting Stationmaster Fallmerayer, as this is perhaps the best known work in this collection. Certainly they will recognize Stationmaster as vintage Roth, once read, as it is redolent of the writer’s unique ability to capture the simple tragedy of simple lives, sensitively, but without sentimentality. The same can be said of The Bust of the Emperor, which contains echoes of the novel The Emperor’s Tomb. A particular favourite of mine was Barbara, the responsible mother, “Didn’t the name sound like hard labor”, who knows responsibility to her son, but perhaps not to herself. How many writers, Chekhov aside, can distil with such poignancy a character’s whole emotional life in a mere eight brief pages?

“The incomprehensible caprices of

world history.”

The Bust of the Emperor” (1935) belongs squarely to Roth’s ultraconservative phase. Set in Galicia immediately after the World War, it concerns the quixotic Count Franz Xaver Morstin, who, despite the fact that his homeland now belongs to Poland, keeps a bust of Emperor Franz Joseph in front of his residence and goes around in the uniform of an Austrian cavalry officer. The story is told by an unnamed narrator who takes it as his task to commemorate this obscure, low-key protest against the course of history.

The narrator wastes no time in giving us his opinion of modern times. In the course of the nineteenth century, he observes caustically, it was discovered that “every individual had to be a member of a particular race or nation”:

All those people who had never been anything other than Austrians…began, in compliance with the “order of the day,” to call themselves part of the Polish, the Czech, the Ukrainian, the German, the Romanian, the Slovenian, the Croatian “nation.”

Roth clearly laments ethno-nationalism in `The Bust of the Emperor’:

“They are no longer content to be divided into peoples, no! – it seems they’re hell-bent on belonging to different nations. Nationalism – get this, Solomon?! – Not even monkeys could have come up with that one.”

Among the few who continued to regard themselves as “beyond nationality” was Count Morstin.

Before the war the count used to have some kind of social role as mediator between the local people and the state bureaucracy. Now he is without power or influence. Yet the villagers—Jews, Poles, Ruthenians—continue to respect him. These folk are to be commended, advises the narrator, for resisting “the incomprehensible caprices of world history.” “The wide world is not so very different from the little village of Lopatyny as the leaders and the demagogues would have us believe,” he adds darkly.

Commanded by the new Polish authorities to remove the bust of the Emperor, Morstin supervises its solemn burial. Then he retires to the south of France to live out his days and write his memoirs. “My former home, the monarchy,…was a large house with many doors and many rooms for many different kinds of people,” he writes. “This house has been divided, broken up, ruined. I have no business with what is there now. I am used to living in a house, not in cabins.”

Nostalgia for a lost past and anxiety about a homeless future are at the heart of the mature work of the Austrian novelist Joseph Roth. “My most unforgettable experience was the war and the end of my fatherland, the only one that I have ever had: the Austro-Hungarian monarchy,” he wrote in 1932. “I loved this fatherland,” he continued in a foreword to The Radetzky March. “It permitted me to be a patriot and a citizen of the world at the same time, among all the Austrian peoples also a German. I loved the virtues and merits of this fatherland, and today, when it is dead and gone, I even love its flaws and weaknesses.” The Radetzky March is the great poem of elegy to Habsburg Austria, composed by a subject from an outlying imperial territory; a great German novel by a writer with barely a toehold in the German community of letters.

Moses Joseph Roth was born in 1894 in Brody, a middle-sized city a few miles from the Russian border in the imperial crownland of Galicia. Galicia had become part of the Austrian Empire in 1772, when Poland was dismembered; it was a poor region densely populated with Ukrainians (known in Austria as Ruthenians), Poles, and Jews. Brody itself had been a center of the Haskala, the Jewish Enlightenment. In the 1890s, two thirds of its people were Jewish.

Three Novellas: THE LEGEND OF THE

HOLY DRINKER, FALLMERAYER THE

STATIONMASTER AND THE BUST OF

THE EMPEROR

(Works of Joseph Roth)

by Joseph Roth (Author)

Product Details:

  • Paperback: 112 pages

  • Publisher: Overlook TP (October 28, 2003)

  • Language: English

  • ISBN-10: 1585674486

  • ISBN-13: 978-1585674480

GEOPHYSICS AND GLOBAL CHANGE: JUNE 28 2008 ALERT

June 28, 2008 at 2:10 pm | In Earth, Globalization, Research, Science & Technology, World-system | Leave a Comment

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Global Change (16xx) – Alert 28 Jun 2008

AGU E-Alert (alerts@agu.org)

Sat 6/28/08

New articles published in Global Change (16xx)
are available online. Visit
http://www.agu.org/pubs/current/16/

visit http://www.agu.org/e_alert/manage.html

PAPERS IN PRESS: access accepted manuscripts within days of acceptance.

Visit http://www.agu.org/pubs/pip.html (subscription required)

Top downloads: http://www.agu.org/topdownloads/topdownloads.shtml

Journal subscriptions: http://www.agu.org/pubs/agu_jourinfo.html

Global Change (16xx) – Published Past 7 Days

Ricciuto, Daniel M.; Davis, Kenneth J.; Keller, Klaus
A Bayesian calibration of a simple carbon cycle model: The role of observations in estimating and reducing uncertainty
Global Biogeochem. Cycles, Vol. 22, No. 2, GB2030
http://dx.doi.org/10.1029/2006GB002908
28 June 2008

Gibson, J. J.; Birks, S. J.; Edwards, T. W. D.
Global prediction of d[A] and d^2H-d^18O evaporation slopes for lakes and soil water accounting for seasonality
Global Biogeochem. Cycles, Vol. 22, No. 2, GB2031
http://dx.doi.org/10.1029/2007GB002997
28 June 2008

Font, A.; Morguí, J. A.; Rodó, X.
Atmospheric CO[2] in situ measurements: Two examples of Crown Design flights in NE Spain
J. Geophys. Res., Vol. 113, No. D12, D12308
http://dx.doi.org/10.1029/2007JD009111
28 June 2008

Tian, Baijun; Waliser, Duane E.; Kahn, Ralph A.; Li, Qinbin; Yung, Yuk L.; Tyranowski, Tomasz; Geogdzhayev, Igor V.; Mishchenko, Michael I.; Torres, Omar; Smirnov, Alexander
Does the Madden-Julian Oscillation influence aerosol variability?
J. Geophys. Res., Vol. 113, No. D12, D12215
http://dx.doi.org/10.1029/2007JD009372
28 June 2008

Chu, Jung-Lien; Kang, Hongwen; Tam, Chi-Yung; Park, Chung-Kyu; Chen, Cheng-Ta
Seasonal forecast for local precipitation over northern Taiwan using statistical downscaling
J. Geophys. Res., Vol. 113, No. D12, D12118
http://dx.doi.org/10.1029/2007JD009424
28 June 2008

Rignot, Eric
Changes in West Antarctic ice stream dynamics observed with ALOS PALSAR data
Geophys. Res. Lett., Vol. 35, No. 12, L12505
http://dx.doi.org/10.1029/2008GL033365
28 June 2008

Cai, Wenju; Sullivan, Arnold; Cowan, Tim
Shoaling of the off-equatorial south Indian Ocean thermocline: Is it driven by anthropogenic forcing?
Geophys. Res. Lett., Vol. 35, No. 12, L12711
http://dx.doi.org/10.1029/2008GL034174
27 June 2008

Mukai, Makiko; Nakajima, Teruyuki; Takemura, Toshihiko
A study of anthropogenic impacts of the radiation budget and the cloud field in East Asia based on model simulations with GCM
J. Geophys. Res., Vol. 113, No. D12, D12211
http://dx.doi.org/10.1029/2007JD009325
26 June 2008

Le Pichon, Alexis; Vergoz, Julien; Herry, Pascal; Ceranna, Lars
Analyzing the detection capability of infrasound arrays in Central Europe
J. Geophys. Res., Vol. 113, No. D12, D12115
http://dx.doi.org/10.1029/2007JD009509
26 June 2008

Luetscher, Marc; Lismonde, Baudouin; Jeannin, Pierre-Yves
Heat exchanges in the heterothermic zone of a karst system: Monlesi cave, Swiss Jura Mountains
J. Geophys. Res., Vol. 113, No. F2, F02025
http://dx.doi.org/10.1029/2007JF000892
26 June 2008

Charbit, S.; Paillard, D.; Ramstein, G.
Amount of CO[2] emissions irreversibly leading to the total melting of Greenland
Geophys. Res. Lett., Vol. 35, No. 12, L12503
http://dx.doi.org/10.1029/2008GL033472
26 June 2008

Prather, Michael J.; Hsu, Juno
NF[3], the greenhouse gas missing from Kyoto
Geophys. Res. Lett., Vol. 35, No. 12, L12810
http://dx.doi.org/10.1029/2008GL034542
26 June 2008

Sodemann, H.; Masson-Delmotte, V.; Schwierz, C.; Vinther, B. M.; Wernli, H.
Interannual variability of Greenland winter precipitation sources: 2. Effects of North Atlantic Oscillation variability on stable isotopes in precipitation
J. Geophys. Res., Vol. 113, No. D12, D12111
http://dx.doi.org/10.1029/2007JD009416
25 June 2008

Lunt, D. J.; Ridgwell, A.; Valdes, P. J.; Seale, A.
“Sunshade World”: A fully coupled GCM evaluation of the climatic impacts of geoengineering
Geophys. Res. Lett., Vol. 35, No. 12, L12710
http://dx.doi.org/10.1029/2008GL033674
25 June 2008

D’Arrigo, Rosanne; Baker, Patrick; Palmer, Jonathan; Anchukaitis, Kevin; Cook, Garry
Experimental reconstruction of monsoon drought variability for Australasia using tree rings and corals
Geophys. Res. Lett., Vol. 35, No. 12, L12709
http://dx.doi.org/10.1029/2008GL034393
25 June 2008

Stammer, D.
Response of the global ocean to Greenland and Antarctic ice melting
J. Geophys. Res., Vol. 113, No. C6, C06022
http://dx.doi.org/10.1029/2006JC004079
24 June 2008

Sigmond, Michael; Scinocca, John F.; Kushner, Paul J.
Impact of the stratosphere on tropospheric climate change
Geophys. Res. Lett., Vol. 35, No. 12, L12706
http://dx.doi.org/10.1029/2008GL033573
24 June 2008

Sud, Y. C.; Walker, G. K.; Zhou, Y. P.; Schmidt, Gavin A.; Lau, K.-M.; Cahalan, Robert F.
Effects of doubled CO[2] on tropical sea surface temperatures (SSTs) for onset of deep convection and maximum SST: Simulations based inferences
Geophys. Res. Lett., Vol. 35, No. 12, L12707
http://dx.doi.org/10.1029/2008GL033872
24 June 2008

Ruckstuhl, Christian; Philipona, Rolf; Behrens, Klaus; Collaud Coen, Martine; Dürr, Bruno; Heimo, Alain; Mätzler, Christian; Nyeki, Stephan; Ohmura, Atsumu; Vuilleumier, Laurent; Weller, Michael; Wehrli, Christoph; Zelenka, Antoine
Aerosol and cloud effects on solar brightening and the recent rapid warming
Geophys. Res. Lett., Vol. 35, No. 12, L12708
http://dx.doi.org/10.1029/2008GL034228
24 June 2008

Global Change (16xx) – Alert 28 Jun 2008

AGU E-Alert (alerts@agu.org)

Sat 6/28/08

TWO BOOKS ON U.S. POLITICAL PARTIES: “THE PARTY FAITHFUL” AND “GRAND NEW PARTY”

June 28, 2008 at 5:05 am | In Books, Economics, Financial, History, USA | Leave a Comment

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The Party Faithful:

How and Why Democrats Are Closing

the God Gap

by Amy Sullivan (Author)

Editorial Reviews

From Publishers Weekly

Senior Time editor Sullivan says trying to understand American politics without looking at religion would be like trying to understand the politics of the Middle East without paying attention to oil. Her fresh look at the God gap reveals the chasm’s depths and offers a bridge across. Sullivan, an evangelical, discusses party process as the Catholic and white evangelical vote for Democrats declined sharply in the 1980s. The story of this shift is as fascinating as it is timely. Starting in the 1960s, she traces the Second Vatican Council’s impact on Catholics and the rise of Jerry Falwell’s Moral Majority, and the effects of these changes upon politics. Sullivan focuses with special sharpness on John Kerry, a case study in how to mishandle religion during a political race and challenges the conventional wisdom that the right was religious and the left wanted religion scrubbed from the public square. Evangelical and political conservatives may be related, but they are not synonymous, says Sullivan; Clinton, after all, is a genuine Southern evangelical. Sullivan’s account argues persuasively and optimistically that politically liberal and theologically orthodox evangelicals can be brought back to the Democratic Party. Must reading for Democrats. (Feb.)
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.

Review
“Amy Sullivan is an exceptional journalist who has become one of our most insightful commentators on the American religious-political landscape. The Party Faithful is filled with discerning reporting, behind-the-scenes stories, and astute analysis. Her history of the evangelical social conscience will be illuminating to many. She shows that faithful voters do not belong to only one party, but are looking to bring their moral passion to politics and are more likely now to hold both sides accountable. She understands the sea change going on in faith and politics in America.” — Jim Wallis, author of The Great Awakening and God’s Politics

“Long before most journalists or Democratic activists were paying attention, Amy Sullivan understood that what was happening in the religious world mattered enormously to the political world — and she saw the damage being done to the Democratic Party in the name of God. With empathy, superb reporting, a sense of history, and an ear for the good story, Sullivan describes what went wrong in the party of Roosevelt and Jimmy Carter, and the struggles and strategizing designed to level the religious playing field. The Party Faithful is a fascinating account, brimming with humanity — and hope.” — E. J. Dionne Jr., author of Souled Out: Reclaiming Faith and Politics After the Religious Right

“The religious vote is up for grabs in unprecedented ways in 2008, and in this thoughtful and moving book, Amy Sullivan not only explains why but suggests what liberals and Democrats can do to capture it.” — Alan Wolfe, author of Does American Democracy Still Work? and director of the Boisi Center for Religion and American Public Life, Boston College

“Amy Sullivan is one of a small group of political journalists who understand that the phrase ‘religious progressive’ is not an oxymoron. Her book is the answer to my prayers.” — Paul Begala, CNN political analyst and former counselor to President Clinton

“Lots of people are writing good books on faith and politics these days — Amy Sullivan has written a great one. The Party Faithful is an invaluable romp through the Democrats’ often torturous (and regularly tortuous) journey of faith and is essential reading for anyone hoping to understand the presidential race.” — David Kuo, author of Tempting Faith

“The most exciting voice on the religious left. Period. She produces the most interesting, path-breaking writing on religion and politics.” — Steven Waldman, cofounder of Beliefnet

“There is far too little great reporting and sound thinking on the perennial subject of religion and politics in America, but Amy Sullivan is changing that. With intelligence, insight, and grace, she has given us a great gift in The Party Faithful, a new book that sheds light on a question that too often simply generates heat.” — Jon Meacham, author of American Gospel and Franklin and Winston


Product Details:

  • Hardcover: 272 pages

  • Publisher: Scribner (February 19, 2008)

  • Language: English

  • ISBN-10: 0743297865

  • ISBN-13: 978-0743297868

Grand New Party:

How Republicans Can Win the

Working Class and Save the

American Dream

by Ross Douthat (Author)

Reihan Salam (Author)

Editorial Reviews

Product Description

Memo to John McCain: Please, please READ THIS BOOK. It can help you win the election and guide Republicans in shaping the political future.

Memo to Democrats: Don’t read this book. It’s going to be THE political book of 2008. Republicans will be better off if you choose to ignore it.”
–William Kristol, editor, The Weekly Standard

In a provocative challenge to Republican conventional wisdom, two of the Right’s rising young thinkers call upon the GOP to focus on the interests and needs of working-class voters.

Grand New Party lays bare the failures of the conservative revolution and presents a detailed blueprint for building the next Republican majority. Blending history, analysis, and fresh, often controversial recommendations, Ross Douthat and Reihan Salam argue that it is time to move beyond the Reagan legacy and the mind-set of the current Republican power structure.

In a concise examination of recent political trends, the authors show that the Democrats’ cultural liberalism makes their party inherently hostile to the interests and values of the working class. But on a host of issues, today’s Republican Party lacks a message that speaks to their economic aspirations. Grand New Party offers a new direction—a conservative vision of a limited-but-active government that tackles the threats to working-class prosperity and to the broader American Dream.
With specific proposals covering such hot-button topics as immigration, health care, and taxes, Grand New Party will shake up the Right, challenge the Left, and force both sides to confront and adapt to the changing political landscape.

About the Author

ROSS DOUTHAT is the author of Privilege: Harvard and the Education of the Ruling Class and a senior editor at the Atlantic. REIHAN SALAM is an associate editor at the Atlantic and a fellow at the New America Foundation. He blogs at The American Scene.

Product Details:

  • Hardcover: 256 pages

  • Publisher: Doubleday (June 24, 2008)

  • Language: English

  • ISBN-10: 038551943

  • ISBN-13: 978-0385519434

FRBSF ECONOMIC RESEARCH: WORKING PAPERS

June 28, 2008 at 2:45 am | In Economics, Financial, Globalization, Research | Leave a Comment

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Recent Working Paper issued by

FRBFRBSF Economic Research

Researchpubs.sf@sf.frb.org

Fri 6/27/08

Researchpubs.sf@sf.frb.org

The paper listed below was recently added to the Working Papers Series at the Federal Reserve Bank of San Francisco.

You can access an index of working papers at the Bank’s website

http://www.frbsf.org/publications/economics/papers/index.html

or access the pdf file of this paper using the link following its abstract.

Speculative Growth and Overreaction to Technology Shocks

by Kevin J. Lansing (WP 2008-08)

This paper develops a stochastic endogenous growth model that exhibits “excess volatility” of equity prices because speculative agents overreact to observed technology shocks. When making forecasts about the future, speculative agents behave like rational agents with very low risk aversion. The speculative forecast rule alters the dynamics of the model in a way that tends to confirm the stronger technology response. For moderate levels of risk aversion, the forecast errors observed by the speculative agent are close to white noise, making it difficult for the agent to detect a misspecification of the forecast rule. In model simulations, I show that this type of behavior gives rise to intermittent asset price bubbles that coincide with improvements in technology, investment and consumption booms, and faster trend growth, reminiscent of the U.S. economy during the late 1920s and late 1990s. The model can also generate prolonged periods where the price-dividend ratio remains in the vicinity of the fundamental value. The welfare cost of speculation (relative to rational behavior) depends crucially on parameter values. Speculation can improve welfare if actual risk aversion is low and agents underinvest relative to the socially optimal level. But for higher levels of risk aversion, the welfare cost of speculation is large, typically exceeding one percent of per-period consumption.

JEL classification: E32, E44, G12, O40

http://www.frbsf.org/publications/economics/papers/2008/wp08-08bk.pdf

***For a searchable index of Federal Reserve System Economic Research publications,

check out Fed In Print at

http://www.frbsf.org/publications/fedinprint/index.html

To change your current subscription details, please log in to your account at

http://www.frbsf.org/tools/allsubscriptions/login.cfm?chooseLayer=economics

please email

Researchpubs.sf@sf.frb.org

Recent Working Paper issued by FRBSF Economic Research

Researchpubs.sf@sf.frb.org

Fri 6/27/08

BANK FOR INTERNATIONAL SETTLEMENTS BIS REVIEW NO. 82: TURKEY

June 27, 2008 at 4:33 pm | In Economics, Financial, Globalization, Research | Leave a Comment

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BIS Review

Bank for International Settlements

BIS Review No 82 available

Press, Service (Press.Service@bis.org)

Publications, Service (Publications@bis.org)

Fri 6/27/08

Please find BIS Review No 82 attached as an Adobe Acrobat (PDF) file. Alternatively, you can access this BIS Review on the Bank for International Settlements’ website by clicking on http://www.bis.org/review/index.htm.

What’s included?

BIS Review No 82 (27 June 2008)

Christian Noyer: France’s banking industry in 2007 – key trends

Axel A Weber: Financial markets and monetary policy

Durmuş Yılmaz: Global challenges and local response – monetary policy in Turkey

Martín Redrado: Fiscal space for stability, growth and social inclusion

Donald L Kohn: Global economic integration and decoupling

________________________________

please e-mail press.service@bis.org.

BIS Review

Bank for International Settlements

BIS Review No 82 available

Press, Service (Press.Service@bis.org)

Publications, Service (Publications@bis.org)

Fri 6/27/08

CFTC UPDATE: CARBON TRADING

June 27, 2008 at 3:39 am | In Economics, Financial, USA | Leave a Comment

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CFTC.gov Daily Digest Bulletin

CFTC.gov (cftc@service.govdelivery.com)

Thu 6/26/08

Wed, 25 Jun 2008

CFTC.gov Speeches and Testimony Update

Speeches and Testimony for CFTC.gov.

The following speech was given by CFTC Commissioner Bart Chilton.

CFTC.gov.

Commodity Futures Trading Commission · 1155 21st Street, NW · Washington DC 20581 · 202-418-5000

CFTC.gov Daily Digest Bulletin

CFTC.gov (cftc@service.govdelivery.com)

Wed, 25 Jun 2008

Thu 6/26/08

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