Potential failure to reach an interim agreement at the P5+1 negotiations in Geneva this week can be attributed to various factors: The lingering damage to confidence caused by the French spoiler lobbed into the previous round earlier this month; the subsequent lack of commitment by the US to pursue the undoubted progress that had been achieved towards closing a deal; and the intrusive lobbying by Israel and its formidable American supporters in Congress creating unhelpful background tensions.
A new, powerful coalition of Latino, social justice, green, progressive Democrats, student, civil liberties, peace, and other groups has emerged in Sonoma County, California. The killing of 13-year-old Andy Lopez by sheriff’s deputy Erick Gelhaus on October 22 unites them.
Part H in the Insider’s Economic Dictionary.
Half-life: In physics, the time it takes for half the mass of a radioactive element to decay into the next-lower isotope or element, typically ending in a stable and inert element such as lead. By extension, the time it takes for an economic theory or ideology to lose half its influence, e.g. as Marxist value theory, Henry George’s Single Tax, Keynesian income theory, Chicago School monetarism, or most recently, neoliberalism. In international relations, the time it takes for an industrial creditor nation to dissipate half of its economic advantage and free lunch. Continue reading