Noted Lecturer and Author, Martha Nussbaum, To Speak At Universtity of Dayton This Friday

This Friday, May 2, Martha Nussbaum, an extraordinary lecturer and author, will present a lecture at the University of Dayton. The lecture is open to the public; it is scheduled to begin at 7:30 PM and will be held in the Matt Heck courtroom in the Keller School of Law Building on UD’s campus. The lecture is sponsored by Dayton’s Council of World Affairs.

According to Wikepedia, Dr. Nussbaum, “is currently Ernst Freund Distinguished Service Professor of Law and Ethics at the University of Chicago, a chair that includes appointments in the Philosophy Department, the Law School, and the Divinity School. She also holds Associate appointments in Classics and Political Science, is a member of the Committee on Southern Asian Studies, and a Board Member of the Human Rights Program. She previously taught at Harvard and Brown where she held the rank of university professor. … In September 2005 Nussbaum was listed among the world’s Top 100 intellectuals by Foreign Policy and Prospect magazines…. She is the author of many books, including Poetic Justice, Love’s Knowledge, and The Fragility of Goodness.”

Dr. Nussbaum’s lecture will focus on the topics of her latest book, “The Clash Within: Democracy, Religious Violence, and India’s Future.” Here is what the Harvard Review of Books says about the “Clash Within”:

“While America is focused on religious militancy and terrorism in the Middle East, democracy has been under siege from religious extremism in another critical part of the world. As Martha Nussbaum reveals in this penetrating look at India today, the forces of the Hindu right pose a disturbing threat to its democratic traditions and secular state. …

“The Hindu right seeks to return to a “pure” India, unsullied by alien polluters of other faiths, yet the BJP’s defeat in recent elections demonstrates the power that India’s pluralism continues to wield. The future, however, is far from secure, and Hindu extremism and exclusivity remain a troubling obstacle to harmony in South Asia.

“Nussbaum’s long-standing professional relationship with India makes her an excellent guide to its recent history. Ultimately she argues that the greatest threat comes not from a clash between civilizations, as some believe, but from a clash within each of us, as we oscillate between self-protective aggression and the ability to live in the world with others. India’s story is a cautionary political tale for all democratic states striving to act responsibly in an increasingly dangerous world.”

An excerpt from the book:

The case of Gujarat is a lens through which to conduct a critical examination of the influential thesis of the “clash of civilizations,” made famous by the political scientist Samuel P. Huntington. His picture of the world as riven between democratic Western values and an aggressive Muslim monolith does nothing to help us understand today’s India, where, I shallargue, the violent values of the Hindu right are imports from European fascism of the 1930s, and where the third-largest Muslim population in the world lives as peaceful democratic citizens, despite severe poverty and other inequalities.

This argument about India suggests a way to see America, which is also torn between two different pictures of itself. One shows the country as good and pure, its enemies as an external “axis of evil.” The other picture, the fruit of internal self-criticism, shows America as complex and flawed, torn between forces bent on control and hierarchy and forces that promote democratic equality. At what I’ve called the Gandhian level, the argument about India shows Americans to themselves as individuals, each of whom is capable of both respect and aggression, both democratic mutuality and anxious domination. Americans have a great deal to gain by learning more about India and pondering the ideas of some of her most significant political thinkers, such as Sir Rabindranath Tagore and Mohandas Gandhi, whose ruminations about nationalism and the roots of violence are intensely pertinent to today’s conflicts.

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The Ohio Assembly’s Failure To Protect Payday Borrowers Is A New and Disgusting Low

Ohio’s Assembly is stalled in completing new legislation regulating payday lending rates. Thomas Suddes in an editorial in the Dayton Daily News today blames Christopher Widener, a Springfield Republican, chair of the Financial Institutions, Real Estate and Securities Committee, for blocking a vote on the matter in his committee. Suddes says, “The Ohio House’s failure to pass a 36 percent APR cap is a new and disgusting low.”

I googled “Ohio payday lending” and found a web-site sponsored by “The Ohio Coalition for Responsible Lending,” that says:

Payday lenders market their loans as short-term help for people in crisis. Data reveal, however, that only 1% of payday borrowers pay off their original loan in the standard two-week cycle. In fact, loans are deliberately structured to require borrowers to continue the cycle. For example, Judy, a recently divorced mother of two, took out a $300 loan that cost $45 in fees every two weeks. This became a $690 monthly payment which took nearly two years to finally pay off. This practice is the very foundation of the payday lending business model. The number of payday lending shops has grown from 107 in 1996 to 1,562 today. Ohio now has more payday lending locations than McDonalds, Burger King and Wendy’s restaurants combined.

The cost to Ohio borrowers in fees is estimated to be over $200 million annually. As Judy’s story reveals, this original $300 loan did not help her with a short term problem as marketed, but trapped her in long-term debt. Judy’s story is typical of a payday borrower. It is estimated that there are over 368,000 payday borrowers in Ohio, each with their own distressing story.

The standard interest for Ohio’s payday loans is $15 every two weeks for every $100 borrowed. This amounts to an annual percentage rate of 391%.

Suddes reports that at the national level payday lending has been capped at 36 % in a bill backed by congressional Republicans and signed by President Bush, “Because unregulated payday lending was crushing military families with debt.” Suddes says, “Now, miracle of miracles, the U.S. Congress actually looks good compared to the Ohio’s General Assembly.”

Suddes concludes his editorial: “Payday loans are too dicey for bank regulators, too expensive for George W. Bush and break hearts in black neighborhoods. But some Ohio House members don’t have a problem with that, which is predictable — and revolting.

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Sen. Brown Says U.S. Trade Policy Betrays Our Workers, Environment, And Communities

Ohio Senator Sherrod Brown, writing in the Wall Street Journal, says “U.S. trade policy that aims to protect special interests, betrays our workers, our environment, our communities.” He write, “Our country deserves a real debate on trade, not a debate where labeling one side protectionist is game, set and match.”

Brown writes: “The supporters of our trade policy rarely mention our exploding trade deficits. In just 15 years, our annual trade deficit has mushroomed to over $800 billion from $38 billion in 1993. With Mexico, our trade surplus evolved into a $90.7 billion trade deficit. With China, our trade deficit jumped to $250 billion today from about $22 billion. President George H.W. Bush once estimated that a $1 billion trade deficit represents 13,000 lost jobs. Do the math.” Excerpts from Brown’s article:

  • One country’s deficit is another country’s surplus. Our annual trade deficit helps fuel the growth of government-owned investment funds overseas. Free traders rarely mention these funds even as they proliferate. Nonetheless, today, five governments control more than $2 trillion that they use to buy stocks and other assets in America and other countries. So far, the funds controlled by the People’s Republic of China and the United Arab Emirates have been passive investors. So far.
  • Advocates of free trade rarely want to debate the fact that unregulated trade with China has recently allowed toys with lead paint, contaminated toothpaste and poisonous pet food into this country. We take for granted our clean air, pure food and safe drinking water. But these blessings are not by chance: They result from laws and rules about wages, health and the environment. Trade agreements with no rules to protect our health, the environment and labor rights inevitably create a race to the bottom and weaken health and safety rules for our trading partners and for our own communities.
  • The Colombia Free Trade Agreement is being shopped around Congress by an overzealous White House. Let’s put aside, for now, the debate about rewarding a country that has done little to stem the tide of rampant labor abuses and human rights violations – including dozens of murders.
  • Let’s focus on the merits of the agreement. Supporters sell it as a free-trade agreement, a great opportunity for American companies because it eliminates tariffs on our products. If that were true, the agreement would be a few lines long. Instead, we have a trade agreement that runs nearly 1,000 pages and is chock full of giveaways and protections for drug companies, oil companies, and financial services companies, and incentives to outsource jobs now held by Americans.
  • Nafta. The Central American Free Trade Agreement. China. Now Colombia. We have a pattern in our trade policy that aims to protect special interests, but betray our workers, our environment, our communities. Let’s stop accusing one another of being protectionists. And let us agree that U.S. trade policy – writing the rules of globalization to protect our national interests and our communities – is worthy of a vigorous national debate.

From The Wall Street Journal, “Don’t Call Me Protectionist,” written by Sherrod Brown, Democratic senator from Ohio

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