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than the financial crisis happening in the world? What's keeping you busy?

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (jeromeguillet@yahoo.fr) on Thu Oct 9th, 2008 at 10:18:24 AM EST
Figuring out our family finances...

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith
by Migeru (migeru at eurotrib dot com) on Thu Oct 9th, 2008 at 10:21:05 AM EST
[ Parent ]
As a consequence of the financial crisis, the offering of stocks of the German Railways on the German stock market was delayed (yet again).

(SPD neolib Peer Steinbrück is hard at work saving capitalism; yesterday he presented an eight-point plan of rule changes to prevent a similar crash as the present one in the future -- involving new regulation requiring greater banker responsibility.)

*Traitor*, n.
A benighted individual who perceives an illusory distinction between serving his nation and abetting the criminals who govern it.

by DoDo on Thu Oct 9th, 2008 at 10:23:04 AM EST
[ Parent ]
I would expect that the privatisation of La Poste, which was supposed to get started this autumn (the first phase is only the transformation of the company from its public entreprise status to a limited liability company) is likely to be delayed or postponed as well...

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (jeromeguillet@yahoo.fr) on Thu Oct 9th, 2008 at 10:25:00 AM EST
[ Parent ]
We were going to sell the 20 % government share of the bank Nordea. I guess that won't be happening now.Too bad really, but that's life for ya.

Though in hindsight, selling Vin&Sprit to Pernod Ricard for like €7 billion looks like the deal of the decade. :)

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid (arvid.hallen at gmail.com) on Thu Oct 9th, 2008 at 10:27:25 AM EST
[ Parent ]
Spain finally privatised all its public banks in 1998 (creating Argentaria which was swiftly - within a year - gobbled up by BBV). And now I wonder why the fuck did we have to privatize all the public banks? Having a Caja Postal available would be very useful.

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith
by Migeru (migeru at eurotrib dot com) on Thu Oct 9th, 2008 at 10:31:40 AM EST
[ Parent ]
So you are behind all of this crisis. I could have known.

Gemach, gemach
by Martin (weiser.mensch(at)googlemail.com) on Thu Oct 9th, 2008 at 02:21:09 PM EST
[ Parent ]
It's not keeping me busy, but it is the non-financial world.

BBC NEWS | Entertainment | Author Le Clezio wins Nobel prize

French novelist Jean-Marie Gustave Le Clezio has been awarded this year's Nobel Prize for Literature.

The 68-year-old has been honoured with the 10m kronor (£820,810) award for his distinguished life's work.

The Swedish Academy describes him as "an author of new departures, poetic adventure and sensual ecstasy."

It goes on to call him "an explorer of a humanity beyond and below the reigning civilisation." British author Doris Lessing won last year's prize.

Le Clezio's breakthrough as a novelist came in 1980 with Desert, a work the Swedish academy praised for its "magnificent images of a lost culture in the North African desert."

by Fran (fran at eurotrib dot com) on Thu Oct 9th, 2008 at 11:14:36 AM EST
[ Parent ]
British author Doris Lessing won last year's prize.
But you have to make the news relevant to your audience, right?

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith
by Migeru (migeru at eurotrib dot com) on Thu Oct 9th, 2008 at 11:15:47 AM EST
[ Parent ]
Of course. As the Newsday put it today
No American has won since Toni Morrison in 1993 and no American was expected to win. Le Clézio did put in a plug yesterday for Philip Roth.

by gk (g k quattro due due sette "at" gmail.com) on Fri Oct 10th, 2008 at 03:16:05 AM EST
[ Parent ]
I just saw that and rushed straight over to EuroTrib to ask about this writer. Because even though I'm reasonably well read, on this side of the pond I've never heard of him.

No surprise, I suppose, given that most of the bookstores these days are huge chains full of bad writing by the likes of Nicholas Sparks.

So, what can you tell me about Jean-Marie Gustave Le Clezio? Titles? I'm willing to try reading him in French, but it would go a lot faster if I could do so in English.  

by Mnemosyne on Thu Oct 9th, 2008 at 11:47:50 AM EST
[ Parent ]
I've never heard of him either but then again I don't pretend to be well-read.

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith
by Migeru (migeru at eurotrib dot com) on Thu Oct 9th, 2008 at 12:03:17 PM EST
[ Parent ]
J.M.G. Le Clézio is a great writer. He started writing "experimental" novels like "Le Procès-Verbal" and later wrote very subtle novels about themes like travel and childhood ("Désert"). He lived several years among Central America Indians and translated some of their mythology.

"Ne te courbe que pour aimer..." René Char
by Melanchthon on Thu Oct 9th, 2008 at 12:50:20 PM EST
[ Parent ]
Thank you. A quick search of Amazon says all his books are in French, mostly very expensive (even used). If I were to get one to read in French (bearing in mind that it would be slow, with my dictionary close at hand), which would you recommend?
by Mnemosyne on Thu Oct 9th, 2008 at 02:06:51 PM EST
[ Parent ]
I suggest to start with "Désert". It's a wonderful novel.

"Ne te courbe que pour aimer..." René Char
by Melanchthon on Thu Oct 9th, 2008 at 02:21:54 PM EST
[ Parent ]
Also "Le chercheur d'or" (based on his family's history in Mauritius) is a good pick. Also, "Onitsha" (based on his father's work as a doctor in Nigeria).

Seems like very few of his novels have been translated to English; maybe this will change after the Nobel...

His Wikipedia entry is quite complete, although it's missing its latest novel "Ritournelle de la faim", published earlier this year.

Europeans think a hundred miles is a long way. Americans think a hundred years is a long time.

by Bernard on Thu Oct 9th, 2008 at 03:43:13 PM EST
[ Parent ]
Thank you. I checked in at the local Borders tonight, and they have some things listed, although nothing in stock. The reference desk man said he thought there would soon be reprints available, given the award.

Because the titles are often changed when a translation is published, I couldn't tell for sure if one of the two I was looking for was already in English.

I'll keep looking. Perhaps I can get two copies, one in French and another in English to help me along.

I know a tiny bit about Mauritius, so that one might be an interesting read.

by Mnemosyne on Thu Oct 9th, 2008 at 11:05:41 PM EST
[ Parent ]
Looks like they have some paperbacks and used copies at more decent prices on barnesandnoble.com, including  Onitsha, Wandering Star {Etoile Errante) and The Round and Other Cold Hard Facts (La Ronde et autres faits divers).

The Prospector (Le chercheur d'or) is on powells.com, but on backorder.

Europeans think a hundred miles is a long way. Americans think a hundred years is a long time.

by Bernard on Thu Oct 9th, 2008 at 04:05:13 PM EST
[ Parent ]
One of my favorite French language writers; I was just reading "Ourania" these days; I'll try to finish tonight....

JMG Le Clezio first breakthrough in France was as early as 1963 when he was awarded the Renaudot prize.

Europeans think a hundred miles is a long way. Americans think a hundred years is a long time.

by Bernard on Thu Oct 9th, 2008 at 03:33:48 PM EST
[ Parent ]
Not something else:
Yesterday Keynes was mentioned by our PM in Paliament. Must have been a first.
On the same vein, last Monday, on a tv debate one of the Business Bosses mentioned the eventual desirability of having a few years (no for ever!) of (grab your seats) Planned Economy.
Strange days, indeed.
by Torres on Thu Oct 9th, 2008 at 11:14:50 AM EST
[ Parent ]
"Don't worry, this is not communism"

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith
by Migeru (migeru at eurotrib dot com) on Thu Oct 9th, 2008 at 11:16:31 AM EST
[ Parent ]
No, if a captain of industry calls for it, it is not. Must be something else, maybe similar but without the evil.
by Torres on Thu Oct 9th, 2008 at 11:58:25 AM EST
[ Parent ]
It's the New Industrial State of Galbraith.

Captains of industry Haven't been seen since the times of Veblen :-)

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith

by Migeru (migeru at eurotrib dot com) on Thu Oct 9th, 2008 at 12:01:04 PM EST
[ Parent ]
Yesterday Keynes was mentioned by our PM in Paliament. Must have been a first.

How long until they mention Marx?

*Traitor*, n.
A benighted individual who perceives an illusory distinction between serving his nation and abetting the criminals who govern it.

by DoDo on Thu Oct 9th, 2008 at 01:42:58 PM EST
[ Parent ]
Groucho?

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith
by Migeru (migeru at eurotrib dot com) on Thu Oct 9th, 2008 at 02:00:12 PM EST
[ Parent ]
Well, funny world where one could actually imagine that the leader of a party named Socialist would more associate at an American comedian...

*Traitor*, n.
A benighted individual who perceives an illusory distinction between serving his nation and abetting the criminals who govern it.
by DoDo on Thu Oct 9th, 2008 at 02:28:20 PM EST
[ Parent ]
From Duck Soup

Finance Minister:  [This meeting] must take-up the tax.

Groucho: I think we should take-up the carpet.

Finance Minister:  I insist we take-up the tax.

Groucho's Secretary: He's right.  We have to take-up the tacks before we take-up the carpet.

A doo run-run-run, a doo run-run

by ATinNM on Thu Oct 9th, 2008 at 02:37:46 PM EST
[ Parent ]
VERY appropriate for Parliament: He's the guy who said:

"I refuse to join any club that would have me as a member."

"Ideas or the lack of them can cause disease." - Kurt Vonnegut

by dvx (dvx.clt ät gmail dotcom) on Thu Oct 9th, 2008 at 02:58:07 PM EST
[ Parent ]
and something else non-financial and I don't know what to think about it. :-)

A seven-course chocolate tasting menu? Including fish? - Features, Food & Drink - The Independent

Located in the fashionable streets of north London, Almeida restaurant and bar is exactly the sort of establishment you'd expect to offer trendy one-off menus and exciting, fresh ingredients. Squab pigeon... yes. Smoked eel and oysters... almost certainly. Butternut squash velouté... a must. Fine chocolate in every course... really?

To mark National Chocolate Week, which begins on Monday, Almeida's head chef Alan Jones and award-winning chocolatier Paul A Young are doing just that by joining forces to create an indulgent seven-course chocolate-tasting menu.

For one week only, diners will be able to feast on butternut squash velouté with a Venezuelan chocolate and cumin stirrer, smoked eel and oyster in chocolate vinaigrette and brill with a hazelnut and coco crust. The £60 meal continues with roast pigeon and candied carrots and an Amedei Toscano black chocolate jus. Dessert of poached figs with white, milk and dark chocolate comes after a cheese-and-(yes)-chocolate course and a kitsch pre-dessert of chocolate ice cream, almonds, fudge, cacao nibs, hundreds and thousands and marshmallows.

by Fran (fran at eurotrib dot com) on Thu Oct 9th, 2008 at 11:19:18 AM EST
[ Parent ]
Accompanied by chocolate stout beer I trust.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Thu Oct 9th, 2008 at 11:23:22 AM EST
[ Parent ]
I have good news.

Back home, we've grown used to seeing factories shut down.

But yesterday, we got some good news.  An Italian wind turbine manufacturer announced that it's building a plant in my hometown.

MUNCIE, Ind. - An Italian company that manufactures wind turbines plans to bring more than 450 jobs to the Muncie area, officials announced Wednesday.

Brevini USA will move its U.S. headquarters to a business park near Interstate 69 in western Delaware County and build its first U.S. factory at the site, state and company officials announced at a news conference......

The Muncie-area business development group Energize-ECI Inc. said Brevini would invest more than $60 million and create about 450 jobs with annual pay averaging more than $46,000.  

I think that there's a (lamentable) lack of understanding of industrial cluster theory as a an economic development strategy back home, but I think that this could be the start of something big. Wind turbines are large, and it makes a lot of sense to cluster manufacturing process to avoid shipping tons of metal around the country.

And the location of Muncie is ideal, because it's on a major interstate, and there's going to be a rail spur to the site.

Reading this was a pleasant surprise.  I know what getting in early did for Pamplona and Vittoria when the boom in Spanish wind came.  It can be a huge growth industry.  My only concern is that the "demand destruction" being wrought by the market crisis will put backward pressure on green energy projects like windpower and the push for plug in hybrids like the Volt.

And I'll give my consent to any government that does not deny a man a living wage-Billy Bragg

by ManfromMiddletown (manfrommiddletown at lycos dot com) on Thu Oct 9th, 2008 at 01:44:19 PM EST
[ Parent ]
I thought Brevini was based in the UK, but anyway they don't manufacture wind turbines.  They make planetary gearboxes for yaw and pitch drives.  These are the drives which turn the blades to the proper angle of attack depending on the wind (pitch), and which rotate (yaw) the entire nacelle to as close to perpendicular to the prevailing wind direction as possible, through the command of the central controller software.

Skennah Kowa
by Crazy Horse on Thu Oct 9th, 2008 at 03:40:47 PM EST
[ Parent ]
Of course, i forgot to write, that's great for your town, and another example of how serious renewable energy development creates real local jobs, throughout the entire supply chain, not just in the windy areas.  An economic boon in real terms.


Skennah Kowa
by Crazy Horse on Thu Oct 9th, 2008 at 03:44:54 PM EST
[ Parent ]
In an article in the Arkansas Democrat Gazette today, 10-9-08, a Dutch wind-blade manufacturer, Polymarin Composites and one of its suppliers, Wind Water Technology, announced plans to create about 830 jobs in the Little Rock area over the next four years.  Last year Danish manufacturer LM Glasfiber broke ground on a $150 million plant at the Port of Little Rock.

Polymarin will move into the former Levi Strauss distribution center on I 530. Both Polymarin and LM Glasfiber value the inland water shipping capability that the Port of Little Rock provides via the Arkansas River and its connections to the Mississippi and the Gulf of Mexico.

If sanity be culturally normative, then by the norms of this culture I claim insanity.

by ARGeezer (argeezer a in a circle yahoo dot com) on Thu Oct 9th, 2008 at 04:50:11 PM EST
[ Parent ]
Wow.  The second European wind company's move to amurka to hit tonight's OT.  What is the world coming to?  (Hint:  after decades of poisoned sleep, amurka is the world's numero uno wind markt.)

Unfortunately, it's also the home of Mordor-like entrenched lobbies and their media slaves.  Al Gore isn't powerful enough to get his paid ad played after the last debate, but the oilers and coalers were OK.

Readers here can't imagine what it's like to see your entire life's work finally being vindicated, yet knowing the biggest battles are yet to come.  (Or can they?)

Skennah Kowa

by Crazy Horse on Thu Oct 9th, 2008 at 05:05:53 PM EST
[ Parent ]
recently a note of Vestas's opening of a big factory in Colorado, as well as Siemens's opening in Iowa?

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (jeromeguillet@yahoo.fr) on Thu Oct 9th, 2008 at 05:21:22 PM EST
[ Parent ]
Since 2005, i believe there are some three dozen new factories which have opened or are opening, from blade manufacturing, through turbine assembly, to several dedicated tower rollers.  Vestas, Gamesa, Acciona, Suzlon, on and on.  Of course home-grown Clipper is employing thousands in their new factories/site workers.  Even nuclear supplier TECO Westinghouse has a new assembly facility in Texas to produce the 60hz DeWind turbines.

And that doesn't include the expansion of component suppliers, whose ramp-up is not calculated as yet.

hell, even Deutsche WindGuard has a north american presence, and is looking for qualified techs.

Skennah Kowa

by Crazy Horse on Thu Oct 9th, 2008 at 05:43:23 PM EST
[ Parent ]
And that doesn't include the ramp-up of the entire service industry, from several dozens of new cranes being built each year, to the entire technical operations industry being built (including at least a half dozen community colleges now with specific windpower training programs).  Not to mention the transport industry, to get the big things around, by ship and truck.  Did i forget to mention the hundreds of thousands of concrete truck cycles pouring the foundations?

Or the onsite construction workers?

What have i left out?  (Ohh, the lawyers and dealmakers.)

Skennah Kowa

by Crazy Horse on Thu Oct 9th, 2008 at 05:54:03 PM EST
[ Parent ]
Hey, that my intellectual property you stole up there, commie. ;)

[Drew's WHEEEEE™ Technology]

Damned French.

WHEEEEEEEEEEEEEEEEEEEEE!

by Drew J Jones (blahblahblah@blahblahblah.com) on Thu Oct 9th, 2008 at 02:47:44 PM EST
[ Parent ]

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