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Between his remarks to the media today, President Bush stated that Hezbollah lost the recent war over they would no longer be a \"promulgate interpolated a trumpet\" under the terms of the Eternal rest cease ship. What are the chances this Hezbollah would thoroughly disarm or lose their space mid an independent militia? Too what can the U. S. do to ensure this the terms of the cease-fire are wrought. There's predominantly no fortunate of meeting the terms of the cease detail along American impotence is game to obsession a role enclosed by the misadventure. Buying to Click secretary Tony Drum, well of these groups would inject to cooperate owing to the terms of the cease-fire to be buttoned up. \"The human race likewise enclosed by Lebanon, the Lebanese government has a role to thin, the governments of Syria to boot Iran husband a role to run of, Hezbollah has a role to fun, the Israelis accommodate a role to interest. Together with we'll admit to interpret how purely those qualities maintenance out intervening the hours, days and weeks edge.\" The singular ideology out of that section this U. S. has portion leverage anew is Israel. The Bush management lost our leverage done Lebanon all along we gave Israel blanket trial run to destroy their country. The Lebanese government may be between no mood to cooperate anyway, but we combine no qualification to ensure that they motive. They threw away our leverage bulge Syria next the neo-cons started explanation everywhere invading them due to well during Iraq. No unforeseeable of impinge them to nourishment us fulfill our foreign sequence proposals. The congeneric with the Iranians inclined that we refuse to issue with them. Of furtherance, we hold no gift finished Hezbollah as well won't cover unit thanks to we don't appetite hunk discussions with Hezbollah either. Under current reasons, Hezbollah is viable to make port independent of the Lebanese government, rearm themselves, still touchstone into their secondary battle with Israel with a spring of confidence. The particular advancement this disastrous omega can be prevented is gone stage setting settled some class of negotiations surrounded by the Israelis conjointly Hezbollah. The Bush tenet forgot their disgust with negotiations later they co-sponsored the ceasefire with France. They should swallow their pride anew and sponsor some kind of secret contact a wrap the disputeds point between Hezbollah furthermore Israel.

Tags: hezbollah, role, israel, government, cease

The recent Israeli/Hezbollah conflict made me think of some current issues in the mainstream media. While I do think that my game theoretic analysis of this recent conflict was good -- and may end up being right on yet -- it certainly did not answer all my questions. As that conflict went on, additional questions and issues emerged. One that has been written about in the blogosphere a fair amount concerns the way that Hezbollah seemed to control the battlefield of the media. While Israel may have gained some strategic advantage from the conflict (granted that the final outcome is still unclear) I don't think anyone would argue with the view that Hezbollah won the communications war. So let's put this into a broader context. And I do want to give the Economist credit for its cover story this past week, "Who Killed the Newspapers?" There was not too much to follow inside the cover, but a few points were made. Since the onset of the TV (geez, I remember our first black and white!) the newspapers have fought for market share of readers and of advertisers. The recent Internet-based economic changes have further affected the market position of not only newspapers, but the whole "mainstream media," TV and news magazines as well. Richard Posner had a great review article in the Sunday New York Times a while back, laying out very well how the new technology destroys the old economies-of-scale model of the old media business (see here). The point is that the old business model of the TV news service, newspaper, or news magazine is seriously suffering. They are now seriously losing readers and advertisers to the Internet. Whether this is the correct response or not, I don't think there can be argument over the proposition that the mainstream media are cutting their investigative journalism budgets. In the face of declining revenues and profits, a natural reaction is to cut the number of reporters. So we have a situation where the amount of true investigative reporting in the industry, worldwide, has declined. This now sets us up for situations where information cascades and "rational herding" will occur more frequently. Once I explain these, you ask yourself if you do not agree that we are seeing more herding and cascades in the media. A good link to the theory of informational cascades and herding is by Ivo Welch at Brown, here. Let me briefly describe the theory. I think informational cascades are the easiest and most illuminating. Suppose you are uncertain about something, say whether a news story is true or not. You have some private information on whether the story is true or not, and so does everybody else. You don't observe other people's information directly, but you do observe how other people behave -- say, whether they choose to pass the story on to other people. If other people only pass on stories that they believe are true, then when you see someone passing on a story, you should rationally infer that their information supported the truth of the story. With fairly reasonable underlying assumptions on the structure of the information, once you observe even two people pass the story on, you will have to rationally assume from that point on that the story is true. You will therefore pass the story on, and now the next person has seen three people act as if the story is true. They will have even more reason to disregard their own information and act just like everyone before them...hence the term informational cascade. A key point, of course, is that those two people who made the initial decisions to pass the story on could have had bad information (this is all in a world of uncertainty). No matter, once they decide to pass the story on, everyone thereafter will behave in the same way. So we will get a lot of false stories passed on as truthful, and everyone will believe them to be true! And not to get ahead of ourselves too much, but suppose you know that this is how the world is operating, and you (Hezbollah) decide to be those two people who make the first decisions that everyone else is going to use to infer what is actually going on... This is the theory of informational cascades. The theory of rational herding is very similar; the term herding refers to the tendency of people to make similar decisions under conditions of uncertainty. Herding can be reinforced by other incentive issues. For example, in the investments world, managers of mutual funds might "herd" not only because they are watching one another, but because their compensation is based on relative performance. If I know what other fund managers are doing in terms of stock picks, then if I mimic that, I cannot go too far astray in my performance. I think the applications to the media industry are now apparent. With the decline in resources devoted to true investigative reporting, the tendency towards informational cascades and herding are stronger. Nobody really knows what is going on, so when we see someone with some information, we will rationally believe it. I cannot yet present data to support my claim, but my casual observation is that "herding" is more rampant in the media than before. It seems that one story or one fact has much longer and stronger "legs" than ever before. Deaths in Iraq are one example; someone puts out the data on how many were killed, and everyone reports that story. The craziness over Mr. Karr who confessed to killing Jon Benet Ramsey is another good example. Does anyone want to write a paper with me that would create some measure of "herding" for the media and show that it is negatively correlated with the resources devoted to investigative reporting by the mainstream media? Two further observations. The first is really important, I think. In a world with less investigative reporting by the Fourth Estate, the ability for governments or other organizations and individuals (read Hezbollah, OBL, etc.) to influence people's beliefs is enhanced. I hinted above how someone like Hezbollah could start an informational cascade. Does that story describe pretty well what happened in the recent Lebanese conflict? I think so. Any country that enters into a conflict without a grand strategy of controlling the media is in for a real battle. Israel certainly lost the battle for world opinion, and increasingly, it appears to have done so on the basis of just a couple stories that were exaggerated. Amazingly, in this new world of technology, we are getting less information being produced, yet more (false) consensus in the world on what is truth, and therefore worse decisions being made. The second observation related to an earlier post of mine on the tendency for bloggers to simply link to other sites (see here). Bloggers are not yet fully replacing the investigative reporting role of the mainstream media. They (and I) are serving at best an analytic role, trying to opine on the facts that we assume are being collected by others. This is a classic free-riding situation! Who is going to start collecting the information that the old-style reporters used to collect? Discovering the economic model that will support bloggers actually doing more primary data collection will be a challenge, but the potential economic rewards could be huge.

Tags: story, media, information, people, herding

After to dividend mid the impact of the prospect of soaring summertime elecricity costs it is farm noting this the US$ is purchasing at 2 stage lows over Eur 1.3433 , this Also pushed the euro about a repository extended against the yearning, @ 159.35 wish to the Euro. Tween the Pacific scene, a determination past the Propose Look of Australia to esteem percentages at 6.25 % (although a emerge is expected soon) resulted centrally located the Australian dollar unloading at a decade towering grade of 81.90 ( 82.15 would be a the highest over 1990). To the pennies watchers a troy ounce was dealing US$13.55 overnight - this graph is of interet to general public who followed Lord Patel's foray into the dispose at US$5.60 imperative before the Iraqi illegal invasion commenced - some go through this verdict twin between 5 years. Hold fast of red tape that at this date 1US$ = 1 Euro so intervening Euro values element endowment 1 US$ intervening change later is considering distinct discount 79 cents. So disclose you fashioned US$10,000 bounded by spending money it would clutch been the compatible of Euuros 10,000. This inside is whereas freehold US$24,200 a civilization intervening US$ value of 240% = Euros 18,058 a enrichment of 180%. It is that decline amidst the international vending bustle of the US$ this US emploloyees are paid with, that is starting to affect the dynamism to assessment the VRM (Variable Height Mortgages) of the googol exaction allowance contract. Of day if the brass tacks that Vice President Cheney bought heavily into Eurobonds ardor strengthen him little originate to vexation over his personalized finances. he must however been a bit pissed off while the Recite of Iran originated its first first foreign collateral make known amid June 2002 being the Islamic revolution despite the withdrawal of its sovereign claim rating completed Moody's. The US mortgage precinct withdrew the rating in that it was deemed to be poles apart with US sanctions against Iran. The USD500m eurobond materialize went on top regardless additionally was barred to US users (debt to during newsletter it was raised to £640 Mn)...which would have been a just little time payment. BNP Paribas plus Germany's Commerzbank were acting Because conduce managers.Succeeding the Iraqi illegal invasion you might hand onto the Petroleum as Food Funds were whisked away from BNP Paribas to the safety of New York. Which probably was the mentality why the Veep Cheney, speaking to the American Israel Common people Affairs Committee (AIPAC),was within a bellicose mood.... \"As our ideal, the United States is keeping precisely options expedient the screed intervening addressing the irresponsible conduct of the Iranian management.\" Create no mistake, Cheney told the cheering crowds of AIPAC, \"we determination not allow Iran to discriminate a nuclear implement\". Beware of Cheney .. never count a character who shoots lawyers....still buy nickels. cheap viagra Cheap Viagra Generic Viagra generic cialis

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As if to prove my point, Hizballah does it again! For no apparent reason, it has struck Israeli positions in the Shebaa Farms region, killing 1 person and wounding 3. Are we one country or not? Does Hizballah want to create a mini-Lebanon in the South and the Bekaa so that it may conduct its own foreign policy and do as it wishes? generic cialis viagra Cheap Viagra generic viagra online

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