Viernes 10/09/10 Comercio de Mayoristas

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El presidente tiene una oferta que los negocios se estan rehusando a aceptar

Obama continua con su tour de contradiccion economica, pidiendo a los negocios que inviertan y que presten mas mientras los ataca por ambiciosos y por enviar los trabajos fuera del pais. Veremos en Noviembre si los votantes compran la disonancia cognitiva, al menos en su nombrada preocupacion por los pequenios negocios.

Obama ataco a los republicanos por no pasar la ley de los $42 billones para los pequenios negocios. Esa ley suena bien, el problema es que la gran mayoria de empresas no podran tener acceso a ella por uno o dos anios. Una de las deducciones solo se podra usar para inversiones hechas entre el 2009 y el 2011.

The Small Beer Bill
The President has an offer that business is refusing.

President Obama continued his Economic Contradiction Tour yesterday at a White House press conference, urging businesses to invest and lend more while attacking them for greed and sending jobs overseas. We'll see in November if voters buy the cognitive dissonance, not least on his professed concern for small business.

Mr. Obama hit Republicans hard for not passing his $42 billion Small Business Jobs Act, but Americans should realize that there's less here than meets the soundbite. The bill contains $12 billion in targeted tax cuts, such as a 100% exclusion of capital gains income for certain small start-ups, expensing for certain capital purchases, and new deductions for start-up expenses.

These sound great, except only a fraction of businesses will be eligible and the write-offs last for only one or two years. One of the larger capital gains tax exclusions, for example, will apply to stock purchased between 2009 and January 1, 2011, which is only months away. In terms of the overall economy, these are very small beer.

The White House is right that a capital gains tax cut will help small businesses raise capital. So why raise that tax rate to 20% from 15% on January 1 for everyone else? This bill isn't even a net business tax cut, because the temporary small business cuts are offset by permanent corporate tax increases. Mr. Obama is promising $12 billion of tax cuts with his left hand while proposing to collect about $300 billion in tax increases from this bill and others with his right.

More troubling is the bill's $30 billion Small Business Lending Fund. We've called this Son of TARP because it authorizes Treasury to purchase preferred stock in banks with less than $10 billion in assets if they agree to increase their lending to small businesses. This empowers Uncle Sam to take equity stakes in community banks and savings and loans so long as they lend as Congress sees fit.

The bill encourages risky loans by applying a sliding-scale interest rate on Uncle Sam's preferred stock. Banks that issue fewer new loans will pay as much as 5% interest, while aggressive lenders will pay as little as 1%. This sounds like a recipe for lower credit standards. The Small Business Administration, which receives an increase in its lending limit in this bill, has already had a default rate between 7% and 12% during this recession and recovery.

The lending fund also directs banks to submit a lending "plan to provide linguistically and culturally appropriate outreach" for the loans. Treasury is supposed to give special consideration to banks that are "minority-, veteran-, and women-owned and that also serve low- and moderate-income, minority, and other underserved or rural communities." In others, Congress wants more politically directed credit of the kind encouraged by the Community Reinvestment Act and Fannie Mae that did so much to create the subprime lending debacle.

Private banks aren't lending less because they're stingy, but because they're finding fewer good credit risks. Wells Fargo CEO John Stumpf recently told Bloomberg that his bank is "sitting here with tons of liquidity," but that most small businesses don't need more credit. "They need more equity. They need more profitability."

Which brings us back to Obama Administration policies. Its new burdens on small business include a looming increase in capital gains and personal income tax rates, roughly half of which will come from noncorporate business profits; a minimum wage increase to $7.25 an hour from $6.55 in July 2009 when the jobless rate was 9%; the oil drilling moratorium, which has hit hundreds of small energy companies; the new health insurance mandate on employers with more than 50 employees; the new ObamaCare 1099 tax filing requirements; an increase in the death tax rate to 55% next year from zero today; a Medicare payroll tax increase to 3.8% from 2.9% starting in 2013; and compulsory unionism for government contractors and federal construction projects (Executive Orders 13496 and 13502.)

The best thing the White House could do now to help small business would be to call for a regulatory, tax and mandate moratorium. As part of his fall campaign strategy, Mr. Obama wants voters to believe that the paltry recovery has nothing to do with his policies. Small business owners know better.

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SEPTEMBER 11, 2010, 8:00 AM ET
Mistura: Peru’s Food Fair of the Gods

By Robert Kozak


Robert Kozak
LIMA –The friendly policeman had some good advice. We had asked him where to find a group of restaurants at the Mistura food fair. He pointed the restaurants out on a map and then added, “Don’t eat too much.”

That is the temptation, especially at Mistura, where the gods of Peruvian food descend once a year to serve their specialty plates to the masses. And Peruvians, alongside foreigners, do turn up in large numbers for the event, now in its third year in Lima, Peru’s bustling capital.

Founded by Gaston Acurio, a chef who has spearheaded the popularization of Peruvian cuisine, Mistura brings together small stands run by the chefs of popular restaurants, alongside displays and sales outlets of things like gnarly, snakelike potatoes, pink and orange corn, or organic coffees. Racks of meat grill in the open air, while long lineups form by those wanting a plate of marinated fish, the venerated ceviche, made by chef Javier Wong, whose tiny restaurant in a run-down section of Lima doesn’t even had a sign out front.

Scratch any Peruvian, and you will likely find an avid, if not obsessed food fan. With good reason, the South American nation is blessed with some of the world’s richest fishing grounds, and has a large swath of the Amazon jungle which produces coffee and tropical fruits. The Andean nation is the home of the potato, and has the perfect climate for year-round harvests of a wide range of vegetables. Mix in the clash of cultures - Spanish conquistadors, Italian immigrants, freed slaves from Africa, and the indigenous Andes Mountains peoples - and the result is a cuisine that is becoming more well-known by the day.

Tourists are now flocking to Peru in general and especially to its capital, Lima, for eating tours, while the number of restaurants is expanding alongside its booming economy. Visitors and locals alike seek out the latest hot restaurant run by star chefs, or the small holes in the wall, known as huariques, that can also serve cheap plates of very tasty food.

All those trends mix together at the Mistura, where Humberto Sato, the chef of Costanera 700, a Japanese-influenced restaurant near the Pacific Ocean in Lima, held court this week, standing in front of a booth where his restaurant workers were serving duck with rice, and stirred noodles with beef.

“What we want to do is to have the most emblematic of Peruvian dishes become even more emblematic,” he told reporters.

The organizers of the event are now aiming to make Peruvian cuisine more well known internationally, in part by inviting chefs from outside of Peru to take part in the event.

The organizers expect some 200,000 people to attend the food fair, which runs until September 12.

Peru

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Buenas noticias de China, su produccion industrial crecio 13.9%, mas de lo que los economistas anticipaban. Pero el precio de los consumidores subio 3.5% el alza mas significativa en 22 meses. Las ventas retail subieron 18.4%


China Industrial Output Tops Forecast as `Robust' Demand Aids World Growth
By Bloomberg News - Sep 11, 2010 12:01 PM ET
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Workers operate the assembly line at the Changan Ford Mazda Plant in Nanjing, China. Photographer: Qilai Shen/Bloomberg

China’s industrial output rose at a faster pace in August than analysts estimated, signaling the world’s third-biggest economy is maintaining momentum as growth moderates.

Production gained 13.9 percent from a year earlier, more than the 13 percent median estimate of 29 economists, a statistics bureau report showed in Beijing yesterday. Consumer prices jumped 3.5 percent, the most in 22 months, as food costs climbed. Retail sales increased 18.4 percent.

The data suggest domestic demand is withstanding curbs on bank lending and government crackdowns to cool the property market and meet energy and pollution targets. Bank of America- Merrill Lynch forecasts gross domestic product will expand at least 9.4 percent this quarter and 9 percent in the final three months of the year, aiding the global recovery as elevated unemployment caps U.S. growth.

“Domestic demand is robust and the Chinese economy is heading for a smoother and softer landing than people had feared,” said Lu Ting, a Hong Kong-based economist at Bank of America-Merrill Lynch.

The consumer-price gain matched the median forecast in a Bloomberg News survey of 31 economists, and compared with 3.3 percent in July and the government’s full-year target of 3 percent. Morgan Stanley economist Wang Qing said inflation is likely to “edge down slowly for the rest of the year.”

Deposit Rates

Inflation is 1.25 percentage points higher than the benchmark one-year deposit rate, encouraging savers to shift money into assets such as real-estate and adding to public concern about rising prices.

Australia and New Zealand Banking Group Ltd. said yesterday China should gradually “normalize” interest rates, initially raising the deposit rate. Credit Suisse AG economist Tao Dong said that while he favors higher rates, policy makers may make no “imminent” move, preferring to support growth.

China is poised to replace Japan as the world’s second- biggest economy this year after reporting a larger GDP in the second quarter.

Urban fixed-asset investment grew 24.8 percent from a year earlier in the first eight months of 2010, the statistics bureau said yesterday. That compared with a 24.9 percent gain for January-through-July. Producer price inflation slowed to an annual 4.3 percent pace from 4.8 percent.

“This is a positive set of data which shows the economy has ended its deceleration,” said Stephen Green, Shanghai-based head of China research for Standard Chartered Plc.

Money Supply

In a separate statement yesterday, the central bank reported August new loans of 545.2 billion yuan ($80 billion) and a 19.2 percent increase in M2, the broadest measure of money supply. Both numbers were above economists’ estimates. The rebound in M2 growth was the first in nine months.

Trade data released on Sept. 10 signaled strength in Chinese demand, with imports in August jumping 35 percent from a year earlier, more than economists forecast. Last month also saw gains in property transactions and in auto sales, led by SAIC Motor Corp. and FAW Car Co.

The economy expanded 10.3 percent from a year earlier in the second quarter after an 11.9 percent gain in the first three months of the year.

The Shanghai Composite Index has rebounded 12 percent from this year’s low on July 5 on speculation that the government may ease tightening measures, which range from restrictions on house purchases to a 7.5 trillion yuan ($1.1 trillion) annual limit on new lending by banks.

Five-Year Plan

Industrial-output growth may average 10 percent in the second half as the government chases energy-efficiency targets in a five-year plan, the Ministry of Industry and Information Technology said Sept. 7.

The ministry also cited risks to export demand, efforts to cool the property market and a limit to growth due to comparisons with higher year-earlier bases.

In China’s north, Hebei, the nation’s largest steelmaking province, is demanding that producers such as Tangshan Iron & Steel Group and Shougang Corp. curb output to save energy, according to a local-government website. Crude steel output fell to a six-month low last month, the statistics bureau said yesterday.

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Esa noticia de China va a hacer subir las bolsas y los metales basicos.

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Un poquito de historia, creo que para criticar o entender a un pais, hay que conocerlo. US pasa por una guerra filosofica, intelectual y de principios en estos momentos. Obama ha sido el catalista. Es que es posible renegar de todos los principios con los que este pais fue fundado? es que es posible renegar de su historia? de sus luchas internas? de la grandeza alcanzada hasta ahora? Es que se puede cambiar la filosofia de un pais sin esperar la resistencia de sus ciudadanos? Eso es lo que Obama esta pretendiendo hacer y se ha encontrado con que la mayoria de Americanos desinteresados en la politica, los que jamas salieron a protestar, jamas salieron a expresar su opinion, los que por generaciones calladamente han hecho conocer su opinion mediante su voto ahora estan de pie, ofendidos, escandalizados, saliendo a hacer manifestaciones publicas, movilizandose como nunca antes se vio en la historia de este pais para rechazar las politicas socialistas que han quebrado a Europa, politicas que son albergadas en las salas de clase de las universidades alrededor del mundo, pero de donde no deben salir por que en la practica fracasan.

Este Noviembre la revuelta Americana, callada, silenciosa va a poner las cosas en su sitio, va a restablecer el orden nuevamente. El patriotismo y el amor por su pais ha salido a florecer, todos se han unido contra Obama. Es una fuerza imparable.

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El Padre de la Politica Americana

James Madison es mas conocido como el Padre de la Constitucion. Su papel como activista politico no es conocido.

Este deberia ser su mes " La Convencion de la Constitucion" donde Madison termino el documento en Setiembre de 1787 . Y el Congreso envio los enmiendas conocidas como el Bill of Rights - donde tambien Madison tuvo un papel preponderante las cuales fueron enviadas a los estados en Setiembre de 1789.

Pero Madison tambien fue el padre de la politica Americana como la conocemos.

Madison ayudo a establecer el primer partido politico, los Republicanos. En 1971 como representate de Virigina y junto con Thomas Jefferson en un viaje a New York y New England, se embarcaron en un viaja para recolectar muestras biologicas para la American Philosophical Society y en su lugar recolectaron aliados politicos para ellos.

Hamiton fundo el otro partido llamado los Federalistas, partido que desaparecion en 1816 mientras los antiguos republicanos marchan hoy dia contra los democratas.

Madison ayudo a fundar el primer periodico del partido, la National Gazette. Contrato al primer editor.

El interes de Madison acerca de los periodicos nacia de su interes por el poder de la opinion publica. "Todo lo que facilita la expresion de los sentimiento, escribio en Diciembre de 1791....la circulacion de periodicos para toda la poblacion ....es favorable a la libertad. Entonces ..todo buen ciudadano .....sera un centinela de los derechos de los ciudadanos"

Madison aplaudiria nuestros sistemas de comunicacion de 24 horas al dia, siete dias a la semana.

Madison fue parte de la temprana forma de la maquinaria politica, la dinastia. America se habia levantado contro George III y la Casa de Hanover, pero la tentacion de continuar la disnatia continuaba. Los Federalistas como John Adams, nuestro segundo presidente, vio a su hijo mayor John Quincy Adams convertirse en el sexto presidente. Pero los Adams eran poco populares entre los que solo habian ganado un periodo. Entre la Dinastia de Virginia - los dos periodos de Jefferson, los dos periodos de Madison, los dos periodos de James Monroe-24 anios de gobierno entre amigos y vecinos.

Los Adams y los Kennedys, los Bushes y los Clintos en nuestra epoca - habian dinastias de sangre y matrimonio. Jefferson, Madison y Monroe hicieron una dinastia de hermanda ideologica.

No que Madison ignoro la importancia del matrimonio en la plitica. Despues de un romance no muy feliz cuando tenia mas de 30 anios, el dejo el romance a un costado hasta los 43 cuando se caso con una bella viuda, Dolley Payne Todd. Cuando Madison tomo el poder como Secretario de eEstado (en 1801) y como presidente en 1809, Dolley Madison se convirtio en algo mas que una hostess. Ella fue una esposa politica, America primero" mitad de la campania y con frecuencia la mejro mitad. Gregaria y extrovertida, ella completaba la personalidad de su esposo, quien era timido y estirado excepto con sus conocidos.

Martha Washington, la primera Primera Dama, fue amada pero domestica, Abigail Adams, la segunda fue politica pero abrasiva. Thomas Jefferson, el tercer presidente fue un viudo. Como un senador lo puso: only Madison tenia una esposa que lo ayudaba en sus pretensiones.

Madison tuvo exito como politico innovador por que el era un buen politico. Eso era natural para el: poner la agenda, el trabajo de comite, las maniobras parlamentarias. El crecio en una familia muy grande - seis hermanos, numerosas sobrinas, primas y primios-buen entrenamiento para un futuro legislador.

El trabajo en lo que no era natural para el: hablar en publico y haciendo campania politica. Su voz era debirl, una y otra vez los que escribian sus discursos debajan partes en blanco por que igual no se le escuchaba. Pero cuando las circunstancias lo requerian se hacia entender como cuando se enfrento en un debate al aire libre en plena tormenta de nieve contra Patrick Henry que termino con la nariz congelada. El gano los dos debates.

Madison se llevaba bien con los demas. El trabajo con George Washington, beneficiandose con su carisma y buen juicio, y antes de Hamilton, beneficiandose de su exuberancia. (Hamilton le pidio a Madison que contribuyera en la escritura de los documentos Federalistas, Madison termino escribiendo 29 de los 85 ensayos)

Como presidente, el aprendio algo sobre el dinero y el mundo de su Secretario del Tesoro, Albert Gallatin. El era un gran hombre que no tenia miedo de asistir o delegar a otros grandes hombres. El tambien trabajo con otros no tan grandes, que son parte del juego de la politica.

James Madison ayudo a construir la republica. El tambien era un partidario activista que contaba votos, hablaba, rascaba espaldas y cuando era necesario las apunialaba. El no tenia miedo del contraste, por sus mas profundos pensamientos, el le dijo a los arquitectos de la libertad que habia que entender y a veces usar la politica ordinaria, la ambicion y el interes propio para estar seguros que la republica duraria.

Mr. Brookhiser is the author, most recently, of "Right Time, Right Place: Coming of Age with William F. Buckley Jr. and the Conservative Movement" (Basic Books, 2009).


The Father of American Politics
James Madison's role in drafting the Constitution is well-known. His role as a media-savvy party activist is not.

By RICHARD BROOKHISER
James Madison is known as the Father of the Constitution, reflecting his role in planning, writing and ratifying the nation's fundamental law. This should be his month: The Constitutional Convention, where he starred, finished the document in September 1787. And Congress sent the amendments that became the Bill of Rights—which Madison also played a major role in shaping—to the states in September 1789.

But Madison has another claim on our attention. He is the father of American politics as we know it.

Madison helped establish America's first political party, the Republicans. In 1791, as a representative from Virginia, he joined Secretary of State Thomas Jefferson on a trip through upstate New York and New England, supposedly collecting biological specimens for the American Philosophical Society but actually collecting political allies for themselves. The politician they wished to combat, Treasury Secretary Alexander Hamilton, already wielded great power through his office, and hence he was somewhat slower to organize a party; when he did, it took the name Federalists.

James Madison, the fourth U.S. president
.Madison and Jefferson built better than Hamilton: the Federalists disappeared as a national party in 1816, while the old Republicans march on today as the Democrats. (The modern GOP is an unrelated organization established in 1854.)

Madison helped found the first party newspaper, the National Gazette. (The Nation, The New Republic and National Review are latter-day reincarnations.) He recruited the paper's first editor, Philip Freneau, a versifier and college chum. Jefferson gave Freneau a nominal job as a translator in the State Department and in his free time Freneau smacked Hamilton in prose.

Madison's interest in newspapers flowed from his interest in the power of public opinion. "Whatever facilitates a general intercourse of sentiments," he wrote in a December, 1791 National Gazette essay,
". . . a circulation of newspapers throughout the entire body of the people . . . is favorable to liberty." Then "every good citizen will be . . . a sentinel over the rights of the people."

Drowning in both media and poll data today, we understand the importance of regularly measuring public opinion. But in the early republic consulting public opinion was a new concept.

The Federalists had little use for it. They thought the people should rule at the polls, then let the victors do their best until the next election. Madison foresaw, and applauded, our world of 24/7 news, comment and pulse-taking before it existed.

Madison belonged to an early form of the political machine, the dynasty. America had revolted against George III and the House of Hanover, but the dynastic temptation lingered on. Federalist John Adams, our second president, saw his eldest son, John Quincy Adams, become the sixth president. But the Adamses were unpopular one-termers. Between them stretched the Virginia Dynasty—two terms of Jefferson, two terms of Madison, two terms of James Monroe—24 years of government by friends and neighbors.

The Adamses—and the Kennedys, Bushes and Clintons in our day—had dynasties of blood and marriage. Jefferson, Madison and Monroe made a dynasty of ideological brotherhood.

Not that Madison ignored the political importance of marriage. After an unhappy courtship in his early 30s, he left romance alone until he was 43, when he married a pretty widow, Dolley Payne Todd. When Madison took office as Secretary of State (in 1801) and as president in 1809, Dolley Madison became more than a hostess. She was a political wife, America's first: half a campaign tag-team, and often the better half. Gregarious and outgoing, she completed her husband's personality, which was shy and stiff except with intimates.

Martha Washington, the first First Lady, was beloved but domestic; Abigail Adams, the second, was political but abrasive. Thomas Jefferson, the third president, was a widower. As one U.S. senator put it, only Madison had "a wife to aid in his pretensions."

Madison succeeded as a political innovator because he was good at politics. He did what came naturally to him: agenda-setting, committee work, parliamentary maneuvering. He grew up in a family as large as an oyster bed—six siblings who survived childhood, numerous nieces, nephews and cousins—good training for a future legislator.

He worked at what didn't come naturally: public speaking and campaigning. His voice was weak; time and again, note-takers at debates he participated in (such as in Virginia's convention to ratify the U.S. Constitution) left blanks in his remarks or simply gave up, because Mr. Madison "could not be distinctly heard." Yet when circumstances required it, he took on the flamboyant Patrick Henry and once tangled with his friend Monroe in the open air of a snow storm so bitter he got frost bite on his nose. He won both debates.

Madison played well with others. He worked with George Washington, profiting from his charisma and judgment, and before they fell out with Hamilton, profiting from his exuberance. (Hamilton tapped Madison to contribute to the Federalist Papers, which was initially Hamilton's project; Madison wrote 29 of the 85 essays.) As president, he learned something about money and the world from his Treasury secretary, Albert Gallatin. He was a great man who was not afraid of assisting or deferring to other great men (another legacy of his tight family life). He also worked with the less-than-great: hatchetmen, gossips, wire-pullers. They do the work of politics too. They are part of the game.

James Madison helped build a republic. He was also an ambitious party activist who counted votes, stumped, spoke, scratched backs and (when necessary) stabbed them. He would not be afraid of the contrast, for his deepest thinking told him that the architects of liberty had to understand and sometimes use the ordinary political materials of ambition and self-advancement to ensure that this republic would endure.

Mr. Brookhiser is the author, most recently, of "Right Time, Right Place: Coming of Age with William F. Buckley Jr. and the Conservative Movement" (Basic Books, 2009).