European Tribune

European Salon de News, Discussion et Klatsch - 20. July

by Fran
Sat Jul 19th, 2008 at 04:06:46 PM EST

On this date in history:

1304 - Birth of Francesco Petrarch, an Italian poet, scholar, poet, and one of the earliest Renaissance humanists (d. 1374)

More here and here


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EUROPE

When locusts move on, they leave nothing behind
by afew (afew(a in a circle)eurotrib_dot_com) on Sat Jul 19th, 2008 at 04:07:32 PM EST
BBC NEWS | Europe | Spain-Africa link decision 'near'

Spain says a feasibility study for an undersea tunnel to connect Spain and Morocco is in the final stages.

If the project goes ahead and construction begins, trains carrying both passengers and goods are expected to start using the tunnel in 2025.

The tunnel would be 40km long and pass 300m under the Mediterranean Sea.

The undersea link would unite North Africa and Europe for the first time since the continents separated more than 200 million years ago.



When locusts move on, they leave nothing behind
by afew (afew(a in a circle)eurotrib_dot_com) on Sat Jul 19th, 2008 at 04:38:38 PM EST
[ Parent ]
RIA Novosti - World - Lithuania confirms willingness to host U.S. missile shield

BUENOS AIRES, July 19 (RIA Novosti) - Lithuania's president, currently on a visit to Argentina, told a national paper that his country is willing if necessary to host elements of a U.S. missile shield.

The United States said earlier this month that tentative discussions had been held with the Baltic country on hosting an interceptor missile base, after talks with Poland, Washington's first choice of host country, stalled.

Nacion quoted Valdas Adamkus as saying: "Lithuania is not currently engaged in negotiations with the United States on deploying a missile shield on our territory. However, we believe that this anti-missile system is an important element of European and international security. Therefore, if necessary, we are ready to work with our partners to deploy it."



The struggle of man against tyranny is the struggle of memory against forgetting.(Kundera)
by Elco B (elcob at scarlet dot be) on Sat Jul 19th, 2008 at 06:34:54 PM EST
[ Parent ]
Funny how it's only ex-Soviet-bloc countries that believe "that this anti-missile system is an important element of European and international security."

No resentments going on there there ;-))

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Sun Jul 20th, 2008 at 03:59:36 AM EST
[ Parent ]
The value of equality between the sexes, or the value of an individual's right to choose what clothes she wears (and respecting her enough not to second-guess her reasons for doing so)?

A Veil Closes France's Door to Citizenship - NYTimes.com

"I would never have imagined that they would turn me down because of what I choose to wear," Ms. Silmi said, her hazel eyes looking out of the narrow slit in her niqab, an Islamic facial veil that is among three flowing layers of turquoise, blue and black that cover her body from head to toe.

<...>

In an interview at her home in a public housing complex southwest of Paris, the first she has given since her citizenship was denied, Ms. Silmi told of her shock and embarrassment when she found herself unexpectedly in the public eye. Since July 12, when Le Monde first reported the court decision, her story has been endlessly dissected on newspaper front pages and in late-night television talk shows.

"They say I am under my husband's command and that I am a recluse," Ms. Silmi said during an hourlong conversation in her apartment in La Verrière, a small town 30 minutes by train from Paris. At home, when no men are present, she lifts her facial veil and exposes a smiling, heart-shaped face.

"They say I wear the niqab because my husband told me so," she said. "I want to tell them: It is my choice. I take care of my children, and I leave the house when I please. I have my own car. I do the shopping on my own. Yes, I am a practicing Muslim, I am orthodox. But is that not my right?"

See Is this real?, which for some reason is no longer recommendable.

... all progress depends on the unreasonable mensch.
(apologies to G.B. Shaw)

by marco (cowannar at gmail punkt com) on Sun Jul 20th, 2008 at 01:52:50 AM EST
[ Parent ]
It's a front-page story, and they are never recommendable (right? ;) ).

When locusts move on, they leave nothing behind
by afew (afew(a in a circle)eurotrib_dot_com) on Sun Jul 20th, 2008 at 02:52:28 AM EST
[ Parent ]
I have long been opposed to the imposition of the veil, believing it a patriarchal oppression. However, as the woman seems to have internalised her oppression to the point of believing it is a freely expressed wish (I wish that din't sound so patronising), I see no problem with her wearing it so long as her daughters are free to make their own choices within French culture.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Sun Jul 20th, 2008 at 04:22:11 AM EST
[ Parent ]
Irish 'No' vote architect plans Europe-wide 'referendum' on Lisbon Treaty

Declan Ganley is planning to field more than 400 candidates in next June's European Parliament elections, in the 26 countries - including Britain - where voters have had no direct say on the treaty.

Mr Ganley said that campaigning on a single issue would enable voters to deliver "a clear, unequivocal message" that Europe's elites would not be able to misinterpret. In the past, EU leaders have claimed that "No" votes on the constitution in France and the Netherlands were the consequence of domestic political issues.

Mr Ganley hopes to win more than 80 seats in Strasbourg, creating a Europe-wide voting bloc which would have a strong mandate to block passage of the treaty. "There's no national party that can provide that sort of punching power in the European Parliament. The voters will have mandated candidates to go in and ensure that there will be no attempts to resuscitate the Lisbon Treaty."

by rz on Sun Jul 20th, 2008 at 08:18:40 AM EST
[ Parent ]
Has Ganley yet said where he gets his funding from?

When locusts move on, they leave nothing behind
by afew (afew(a in a circle)eurotrib_dot_com) on Sun Jul 20th, 2008 at 09:25:28 AM EST
[ Parent ]
Well, in the article he claims that he is going to raise 75 mio. pounds via online fundraising. However I have a distinct idea how it might be possible to raise large amounts of money.

Essentially he is running a party which has no program beyond formulating popular disillusionment with the European Project. That means nobody will really care what his party will really do once they are in the parliament.  Clearly this gives him the possibility to give all kinds of promises to larges scale donors. It might come down to a classic "Nationalism for Rubes, Neoliberalism for Business" strategy.

by rz on Sun Jul 20th, 2008 at 09:48:55 AM EST
[ Parent ]
WORLD

When locusts move on, they leave nothing behind
by afew (afew(a in a circle)eurotrib_dot_com) on Sat Jul 19th, 2008 at 04:07:54 PM EST
Powers wield sanction threat after Iran stalemate | International | Reuters

GENEVA (Reuters) - Major powers gave Iran two weeks to answer calls to rein in its nuclear programme on Saturday or face tougher sanctions after talks ended in stalemate despite unprecedented U.S. participation.

A U.S. State Department spokesman said Washington hoped Iran now understood that it had a choice between cooperation and "confrontation, which can only lead to further isolation".

But prospects of ending a row that has triggered regional tensions and rattled oil markets looked dim as Iran's top nuclear negotiator insisted Tehran would not even discuss a demand to freeze uranium enrichment at the next meeting.



When locusts move on, they leave nothing behind
by afew (afew(a in a circle)eurotrib_dot_com) on Sat Jul 19th, 2008 at 04:30:47 PM EST
[ Parent ]
Major powers in thrall to the united States that is.

China and Russia seem very eager to get on board with Iran and share technologies and development. So, given how these two are the new economic superpowers of the 21st century, these "sanctions" are going precisely nowhere.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Sun Jul 20th, 2008 at 04:24:50 AM EST
[ Parent ]
Washington hoped Iran now understood that it had a choice between cooperation and "confrontation, which can only lead to further isolation".

Our way or the highway (which, in this regard, is the low-way.)

This is reminiscent of the Korea negotiations, before Bolton got kicked off the team. The difference is, of course, that Iran has gas and oil that China wants and which Russia wants to help them extract. And France and Russia want to fight over who gets to help them build the nuke no doubt.

Iran also has the rule of law, or whatever one wants to consider the signed treaty called the Nuclear Non-Proliferation Agreement. By rights, they can build a civilian nuke industry.

Whoever said that putting in a US Interests Section in Tehran and an experienced negotiator could be an 'I told you so' gambit, please remind me of your post so I can mark it 4 a few times.

Never underestimate their intelligence, always underestimate their knowledge.

Frank Delaney ~ Ireland

by siegestate (siegestate or beyondwarispeace.com) on Sun Jul 20th, 2008 at 04:32:26 AM EST
[ Parent ]
Zuma says Mandela glue holding South Africa together | International | Reuters

JOHANNESBURG (Reuters) - The leader of South Africa's ruling party said former President Nelson Mandela was the glue holding the country together, giving voice to long-held fears about the future of the fledgling democracy without him.

Jacob Zuma joined 500 guests, including President Thabo Mbeki and former Zambian leader Kenneth Kaunda, in birthday celebrations for Mandela on Saturday.

Mandela turned 90 on Friday, more than 14 years after becoming the country's first black president at the end of white minority rule.



When locusts move on, they leave nothing behind
by afew (afew(a in a circle)eurotrib_dot_com) on Sat Jul 19th, 2008 at 04:34:01 PM EST
[ Parent ]
It might have hlped if his immediate succesors (yes that does include you Mr Zuma) hadn't been so stupid, ineffective, and indifferent to the situation of the country.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Sun Jul 20th, 2008 at 04:26:34 AM EST
[ Parent ]
Q&A: "Reproductive Rights Can Overcome the Conservative Wave"
RIO DE JANEIRO, Jul 18 (Tierramérica) - This year marks four decades of international recognition of people's right to decide how many children they want to have and when, and for that reason there is a great deal to celebrate, says Brazilian expert Carmen Barroso, of the International Planned Parenthood Federation.

Despite the wave of conservativism that threatens sexual and reproductive rights, today there are more advances than setbacks in Latin America when it comes to these issues, said Barroso, IPPF director for the Western hemisphere region.

Tierramérica spoke by telephone with Barroso, who holds a doctorate in social psychology, is a researcher in women's issues and founder of numerous non-governmental organisations around the world.

<...>

TIERRAMÉRICA: But does the current wave of conservatism threaten those achievements?

CB: Yes, there are risks. The conservatives learned from the progressive movements. They decided to fight in a more systematic way for their positions. There were setbacks in Chile (legal ruling against the "morning after" contraceptive pill) and in Nicaragua (banning of therapeutic abortion in all cases). But there were victories in Mexico, where abortion was legalised in the capital, and in Colombia, which authorised it for three circumstances. Emergency contraception is accepted and distributed in most of the countries. There have been more successes than setbacks.



When locusts move on, they leave nothing behind
by afew (afew(a in a circle)eurotrib_dot_com) on Sat Jul 19th, 2008 at 04:50:48 PM EST
[ Parent ]
AFRICA: Russia Behind China and Brazil in Building Relations
MOSCOW, Jul 12 (IPS) - The Soviet-era connections between Russia and some African states have collapsed into low levels of economic engagement between the former partners, with the arms trade remaining the exception.

This has led to appeals by African governments for a review of Russian foreign policies against the backdrop of growing ties between African states and China, India and Brazil.

One of the primary reasons for the change in Russian-African relations ``is the lack of knowledge and expertise on the side of African economies to be able to enter challenging markets. Russia certainly presents a challenge in terms of size of the country and language, as well as bureaucratic and other hurdles,'' Raksha Maharaj, a director at the South Africa-based Emerging Market Focus (EMF), told IPS.

``Not many African countries have the resources to be able to assist their companies in addressing these issues. As a result, they prefer to stick to regional or traditional markets,'' she concluded.


When locusts move on, they leave nothing behind
by afew (afew(a in a circle)eurotrib_dot_com) on Sat Jul 19th, 2008 at 04:53:38 PM EST
[ Parent ]
BBC NEWS | UK | British hostage death unconfirmed

Government officials have said they cannot confirm or deny a claim made in a video that one of five British hostages in Iraq has killed himself.

The claim was made in a video given to the Sunday Times and alleges that a man known as Jason died on 25 May 2008.



Life should consist in at least fifty percent pure waste of time, and the rest doing what you please.
by ceebs (bunchofwankers (at) gmail (dot) com) on Sat Jul 19th, 2008 at 05:09:54 PM EST
[ Parent ]
I'm a lifelong conservative activist and I'm backing Barack Obama
BY LARRY HUNTER

Wednesday, July 16th 2008, 7:39 PM

I'm a lifelong Republican - a supply-side conservative. I worked in the Reagan White House. I was the chief economist at the U.S. Chamber of Commerce for five years. In 1994, I helped write the Republican Contract with America. I served on Bob Dole's presidential campaign team and was chief economist for Jack Kemp's Empower America.

This November, I'm voting for Barack Obama.

When I first made this decision, many colleagues were shocked. How could I support a candidate with a domestic policy platform that's antithetical to almost everything I believe in?

The answer is simple: Unjustified war and unconstitutional abridgment of individual rights vs. ill-conceived tax and economic policies - this is the difference between venial and mortal sins.

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 Sat Jul 19th, 2008 at 07:24:48 PM EST
[ Parent ]
LMAO

Citing a lack of interest, the Nevada Republican Party has called off its state convention and will instead pick its delegates to the national convention by private conference call.

The state party broke up its original convention in April when supporters of Ron Paul hijacked the proceedings and tried to elect delegates for their candidate to the national GOP convention in September. Party officials tried to reconvene on July 26, but they needed a quorum of 675 and received only 300 RSVPs, according to local reports.

And the wierdness keeps going and going and going ...

Och nu den svenska kocken bakar en Alaskan älg jägare. Bonk! Bonk! Bonk!

by ATinNM on Sat Jul 19th, 2008 at 09:13:16 PM EST
[ Parent ]
Recall, too, that this is the state convention that Ron Paul's supporters managed to shut down the first time.

Turns out they were the only ones who cared.

I love it.

Where's your motherf*%&ing flag pin?

by Drew J Jones (blahblahblah@blahblahblah.com) on Sat Jul 19th, 2008 at 09:44:39 PM EST
[ Parent ]
Never seen a major political party this screwed-up 3.5 months away from a national election.  

Never seen a presidential campaign this screwed-up 3.5 months away from the election.

Never seen the Democratic Party this organized 3.5 months away from a national election.

Never seen a Democratic nominee hit the ground, doing the grunt work, this hard 3.5 months from the election.

Between the GOP's and McCain's screw-ups and Obama's campaign structure and strategy we could be looking at a massive wipe-out this November.

Och nu den svenska kocken bakar en Alaskan älg jägare. Bonk! Bonk! Bonk!

by ATinNM on Sat Jul 19th, 2008 at 10:02:03 PM EST
[ Parent ]
I keep waiting for that break in the polls, though, where the win becomes obvious.  I know many aren't paying attention yet, so, having seen more elections than I, do you think it's just too early for that?

Where's your motherf*%&ing flag pin?
by Drew J Jones (blahblahblah@blahblahblah.com) on Sat Jul 19th, 2008 at 10:07:01 PM EST
[ Parent ]
Just practice up for election night:

Du da duda du, Du da duda du, WIPEOUT! (From Pipeline!)

It is starting to look encouraging.  Dare we hope?

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 Sat Jul 19th, 2008 at 10:50:14 PM EST
[ Parent ]
My current scenarios are, in order:

  1.  Obama narrow win @ 60%
  2.  Obama landslide @ 20%
  3.  McCain narrow win @ 20%

McCain is a horrible candidate in the worst environment for the GOP since 1974.  He stinks.  Their brand is rotten.  All they can do is run the same-old line of bullshit. There's a detested war going on.  The economy stinks.  They stink.  

The Dem's have gained 700,000 registered voters and the GOP has lost 1,000,000 registered voters.  That's terrible news for the GOP.  Due to a little known - at least talked about - political fact.  When you lose a voter to the other side you have to gain two to break-even and three to win.  Like this:  50/50 goes 49/51 so 2 gets you back to 51 and 3 gets the win at 52.  

Och nu den svenska kocken bakar en Alaskan älg jägare. Bonk! Bonk! Bonk!

by ATinNM on Sat Jul 19th, 2008 at 11:08:19 PM EST
[ Parent ]
This campaign has been outside my experience so ... you tell me!  ;-)

I distrust national polls this far out from an election.  There's just too many things that can happen, e.g., McCain dropping dead.  Also, we're in the summer-doldrums when most voters are more interested in vacationing than politics.  

State polls, I think, matter more at this stage.  Looking ahead to the election there are two states that matter: Florida and Ohio.  McCain has to carry both to win.  If Obama wins both then he's got himself a landslide.  Polls in these states have been swaying back and forth over the last month; Ohio seems to swing mostly Obama and Florida mostly for McCain.  Watching these states, I think, will tell us who is building a solid base of support that can be expanded upon during the active campaign season -- which we are not in, yet.  

I do have to point-out Obama needs the under 30 vote.  This group has tended to favor Democrats in past but have not bothered to pull the lever.  That's CW.  But no major Democratic campaign has ever, to my knowledge, actively gone out to bring them into the campaign and actively sought their support. That's the big difference Obama is putting into the mix.  With this group I don't expect them to show-up much in the polls.  First, there is the known cell-phone problem.  Second, their percentage of the electrate is under-represented in polling models, based on history, versus what may happen on Nov. 4.  So even if they do come out, big time, for Obama the polls may not 'see' it coming.

Och nu den svenska kocken bakar en Alaskan älg jägare. Bonk! Bonk! Bonk!

by ATinNM on Sat Jul 19th, 2008 at 10:55:56 PM EST
[ Parent ]
The youngin's will show up.  Studying up on this stuff over the last few months, I can assure you of that.  They were there in 2004, but not enough of the Millennials were voting-aged.  Having purged those clowns from Gen X from the ranks of the "youth voters," they'll show up in bigger numbers and with a wider margin for Obama this year than they will have done so since perhaps their grandparents with Roosevelt.  Obama will win them roughly 2-to-1, I'd guess, if not by more.

As evidence, I offer one word: Iowa.

The cell phone issues is less of an issue these days, because groups like Gallup now poll cell phones.  But, as you allude to, if they're not accounting for the proportion of the overall electorate that will be made up of young people, the polls will be skewed in St John's favor.

Where's your motherf*%&ing flag pin?

by Drew J Jones (blahblahblah@blahblahblah.com) on Sat Jul 19th, 2008 at 11:07:51 PM EST
[ Parent ]
OK already.  I admitted at the time I blew the call re: young voters in Iowa.  Whadda-ya want?  A signed confession?  Lemon on your pancakes?  :-D

Saying you're right, do you realize what that means?  We may be seeing the end of the GOP as a national political party.

Och nu den svenska kocken bakar en Alaskan älg jägare. Bonk! Bonk! Bonk!

by ATinNM on Sat Jul 19th, 2008 at 11:15:51 PM EST
[ Parent ]
We can only hope.

Where's your motherf*%&ing flag pin?
by Drew J Jones (blahblahblah@blahblahblah.com) on Sat Jul 19th, 2008 at 11:34:05 PM EST
[ Parent ]
The not-entirely-insane Goopers will become Blue Dogs, i.e. the 'moderate' wing of the Democrats.

It's not even close to being over, because Obama is not - you know - actually all that progressive. A few million people switching registration doesn't mean squat if there isn't a tsunami-sized policy shift.

Obama may make some paddling pool ripples - he's going to have to, to prove that he's not a slightly milder and more personable Bush II.

But there will be no tsunami. And the rot will still be there under the surface, the networks of crazies will still be dropping spores, waiting for a better time to sprout.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Sun Jul 20th, 2008 at 06:07:21 AM EST
[ Parent ]
The youngin's will show up.

I certainly hope so.  I vividly recall voting for Humpfrey in '68, my 2nd Presidential election, after having been so bitterly disappointed by LBJ after the '65 escalation in Vietnam. (I was proposing a National Day of Prayer to have millions of people praying for him to have a heart attack.  Call me disillusioned.) I was NOT excited by Humpfrey, but even staying at home was not an option.  California seemed in play.

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 Sun Jul 20th, 2008 at 08:58:32 AM EST
[ Parent ]
The break will be a long time coming while the tradmed keep cleaning up after McCain's barbecues. The fix is already in about the Maliki thing and now the talking heads are saying there's no difference between McCain and Obama's positions on this that or the other without mentioning that McCain had to change and Obama was right all along.

Most of the public, who only watch tv and read republican newspapers, don't have the background to realise the spin being put in on McCain's behalf. I still see the BBC, which only reports Beltway CW, still saying that a large majority of Americans think McCain is a more credible C-in-C etc etc.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Sun Jul 20th, 2008 at 04:36:29 AM EST
[ Parent ]

And the wierdness keeps going and going and going ...

Isn't this where the weird are supposed to have turned pro?  Hunter would have been disappointed.


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 Sun Jul 20th, 2008 at 08:35:57 AM EST
[ Parent ]
The weird have already turned pro.  They've been running the country for the last 7 years.  ;-)


Och nu den svenska kocken bakar en Alaskan älg jägare. Bonk! Bonk! Bonk!
by ATinNM on Sun Jul 20th, 2008 at 04:12:24 PM EST
[ Parent ]
The Independent | Brown plans to withdraw troops as he backs Obama over 'war on terror':

Gordon Brown prepared the ground for a historic realignment in the "war on terror" yesterday by setting out a four-point plan for withdrawal of British troops from Iraq by the end of next year.

Although he is refusing to set a detailed timetable for withdrawal, it is clear Mr Brown is in agreement with the US presidential candidate Barack Obama on the need for military action in Afghanistan to take priority. Both appear to be working to a 16-month timetable.

While Mr Brown addressed troops in Basra and met Nouri al-Maliki, the Iraqi Prime Minister, the Democratic hopeful arrived in Afghanistan to declare the US mission there to be more important than that in Iraq. Mr Obama is expected imminently in Iraq, and he will continue on to Europe. He will meet Mr Brown in Downing Street on Saturday.

Their approach is a marked departure from the policies of Tony Blair and President George Bush. But it nonetheless carries echoes of the "shoulder-to-shoulder" relationship between Britain and the US - if Mr Obama defeats his Republican rival John McCain in the November election.

Another endorsement of the Obama Plan.  Now, as I said in the subject, this one certainly matters.  When the British PM speaks, America listens.

Come on, Europe: Don't be pussies.  Back Obama.

Where's your motherf*%&ing flag pin?

by Drew J Jones (blahblahblah@blahblahblah.com) on Sat Jul 19th, 2008 at 09:48:17 PM EST
[ Parent ]
looks like gordo's lifting his doggy head and sniffing the breeze, lol!

i don't see any serious downside for yurp backing obama, we're not so big into the Rapture or ww3 as to favour mcpain.

and as i have learned here at ET, obama's centre left is pretty much where the centre right is here....

so where's the payoff for any big cheese here to diss obama?

made in the shade... in like flynn...politics is the new rock and roll, and obama is '57 elvis...

Peace is not the absence of war -- peace is the absence of fear. Ursula Franklin

by melo (melometa4(at)gmail.com) on Sun Jul 20th, 2008 at 01:27:01 AM EST
[ Parent ]
I wish, it's more of a case that Scaredy-Cat Brown has been looking for an excuse to withdraw the rest of UK forces from Iraq without wetting his pants over what the Daily Mail might say. This is his chance.

But remember with this government that what they say and what they do, and especially what they pay for, are largely unrelated. Troop number will probably not change for a long time yet.

He's only gonna send them to Afghanistan anyway, so it's still taking part in the Bush futility.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Sun Jul 20th, 2008 at 04:42:47 AM EST
[ Parent ]
Bad Attitudes
Why Do We Keep Renting the Same Old Movie?

From the late David Halberstam's 1991 book, The Next Century:

Voodoo economics, George Bush said in 1980 of Ronald Reagan's promise to do all existing things, increase defense spending and not increase taxes. Voodoo he said was, and voodoo it turned out to be. Reagan's decision to cut taxes at that moment was, in the words of James Schlesinger, a former Secretary of Defense and head of the CIA, "the most irreponsible decision in American fiscal history," and the passage of a decade has not made his judgment look harsh...

The most interesting thing about the Reagan years, the aspect least commented on, was that Reagan was so poor a conservative. It was a stunning reversal of the image he had projected for his entire political life.

"There was no connection at all between the image he projected as a true conservative and the substantive decisions of the government he professed to head," said Schlesinger, a quite conservative man himself. Rather than adjust America's spending to new realities, Schlesinger added, Reagan's fiscal and defense policies "adjusted our sights much higher than we could readily handle while at the same time reducing our capabilities to a point much lower...."

In the Reagan years we did not face the harsher new economic realities. Rather we winked at them and went on a binge of spending. It was capitalism gone mad. The eighties, Pat Moynihan noted, was a decade in which we borrowed a trillion dollars from the Japanese and gave a very good party for ourselves...

We began to sell off the future to pay for the present. As we softened the dollar, American companies went on the market at bargain-basement prices...



Peace is not the absence of war -- peace is the absence of fear. Ursula Franklin
by melo (melometa4(at)gmail.com) on Sun Jul 20th, 2008 at 05:50:00 AM EST
[ Parent ]
Bad Attitudes
Thank God for the 22nd Amendment

Dana Milbank, in the Washington Post:

...But by one measure, Bush remains more enthusiastic than ever: his role as the nation's chief cheerleader. Yesterday's T-ball game, the 19th of his presidency -- followed by a dinner last night in honor of Major League Baseball, the third of his presidency -- brought to at least 95 the number of sporting-related events he has participated in during his time in the White House. He has done no fewer than 18 such events so far this year -- already passing his previous record of 13 in both 2001 and 2007.

The 95 sports events (with hundreds of athletic teams) are more than double the number of Cabinet meetings Bush has held (45), more than quadruple the number of meetings he has had with Russia's Vladimir Putin (22). The 19 T-ball games he has held are more than twice the number of meetings he has had with China's Hu Jintao (nine). And the three dinners he has held in honor of professional baseball are nearly equal to the five state dinners he has hosted during his entire presidency...



Peace is not the absence of war -- peace is the absence of fear. Ursula Franklin
by melo (melometa4(at)gmail.com) on Sun Jul 20th, 2008 at 05:50:45 AM EST
[ Parent ]
William S. Lind: Running the Narrows
Regrettably, whoever takes over as America's President and Commander in Chief next January will face a rapidly narrowing range of options. With the fall of Communism and the dissolution of the Soviet Union in the early 1990s, America was given an almost limitless range of options. A series of bad decisions since that time have reduced that range to a paltry few, none of them particularly attractive. Running the narrows with a ship of state is a perilous enterprise.

In foreign affairs, most of the rest of the world is now hoping to see America take a fall. We have alienated the Russians, irritated the Chinese and dragged the Europeans into a "war against terror" that finds little support outside ruling elites. Virtually every European public would vote to pull out of Afghanistan tomorrow if given the chance. The elites go along only because of a residual fear of "losing the Americans," much as Berlin feared "losing the Austrians" if she did not support Vienna in 1914. Both were allied to a corpse, which at some point even the wizened moles who govern Europe may discern.

Militarily, the US has managed the contortionist's feat of getting various body parts stuck in different pits of quicksand. Washington counts on Iraq gaining stability, but the absence of a state means it can go unstable again overnight. The Afghan war is going the way Afghan wars do, as the Pashtun slowly get their act together to push the occupier out. Spillover from the war in Afghanistan is de-stabilizing Pakistan, with Washington accelerating the process by putting impossible demands on Iran by the US or Israel acting as a proxy grows, which would in turn pitch Iraq back into chaos as all the Shiite militias ganged up on us.

More, the money is about to run out. We seem to have forgotten that no activity the state can undertake is more expensive than war. If a tanking economy cuts off the money flow, what comes next? The Sunday, July 12 Cleveland Plain Dealer quotes a local investment advisor saying, "A year ago, I would have discounted the scenario of the next depression. After what I've seen this year, I don't discount anything anymore." The Fed is trying to head off a full-scale financial panic by turning itself into a pawnshop, but no one knows how long that trick will work. The whole Ponzi scheme that is the current US economy still depends on an inflow of $2 billion in foreign, money daily. What happens if, or when, that flow ceases?

Were American politics as sensible as the average flock of turkeys in a thunderstorm, the public would be asking those running for President just how they expected to steer through this narrows filled with rocks and shoals. Instead, all the public wants are more nostrums, more empty promises that somehow Big Brother will enable them to party on. Senator Obama and Senator McCain vie in proposing programs that cost more billions, to come from...where? Why, from the printing presses of course. Those presses are churning out dollars so fast already that we can feel the rumble all the way across the country - and the world.


Peace is not the absence of war -- peace is the absence of fear. Ursula Franklin
by melo (melometa4(at)gmail.com) on Sun Jul 20th, 2008 at 09:08:58 AM EST
[ Parent ]
Op-Ed Columnist - 9/11 and 4/11 - Op-Ed - NYTimes.com

When a person is addicted to crack cocaine, his problem is not that the price of crack is going up. His problem is what that crack addiction is doing to his whole body. The cure is not cheaper crack, which would only perpetuate the addiction and all the problems it is creating. The cure is to break the addiction.

Ditto for us. Our cure is not cheaper gasoline, but a clean energy system. And the key to building that is to keep the price of gasoline and coal -- our crack -- higher, not lower, so consumers are moved to break their addiction to these dirty fuels and inventors are moved to create clean alternatives.

<...>

If you want to know what an alternative strategy might look like, read the speech that Al Gore delivered on Thursday to the bipartisan Alliance for Climate Protection. Gore, the alliance's chairman, called for a 10-year plan -- the same amount of time John F. Kennedy set for getting us to the moon -- to shift the entire country to "renewable energy and truly clean, carbon-free sources" to power our homes, factories and even transportation.



... all progress depends on the unreasonable mensch.
(apologies to G.B. Shaw)
by marco (cowannar at gmail punkt com) on Sun Jul 20th, 2008 at 09:27:47 AM EST
[ Parent ]
Op-Ed Columnist - Yes We Can - Op-Ed - NYTimes.com

When exactly was it that the U.S. became a can't-do society? It wasn't at the very beginning when 13 ragamuffin colonies went to war against the world's mightiest empire. It wasn't during World War II when Japan and Nazi Germany had to be fought simultaneously. It wasn't in the postwar period that gave us the Marshall Plan and a robust G.I. Bill and the interstate highway system and the space program and the civil rights movement and the women's movement and the greatest society the world had ever known.

When was it?

<...>

Americans are extremely anxious at the moment, and I think part of it has to do with a deeply unsettling feeling that the nation may not be up to the tremendous challenges it is facing. A recent poll by the Rockefeller Foundation and Time magazine that focused on economic issues found a deep pessimism running through respondents.

According to Margot Brandenburg, an official with the foundation, nearly half of 18- to 29-year-olds "feel that America's best days are in the past."

The moment is ripe for exactly the kind of challenge issued by Mr. Gore on Thursday. It doesn't matter if his proposal is less than perfect, or can't be realized within 10 years, or even it if is found to be deeply flawed. The goal is the thing.



... all progress depends on the unreasonable mensch.
(apologies to G.B. Shaw)
by marco (cowannar at gmail punkt com) on Sun Jul 20th, 2008 at 09:30:31 AM EST
[ Parent ]
It can be done, but it requires leadership, and it remains to be seen whether Obama and the congressional Dems can provide that kind of leadership.

Where's your motherf*%&ing flag pin?
by Drew J Jones (blahblahblah@blahblahblah.com) on Sun Jul 20th, 2008 at 09:43:43 AM EST
[ Parent ]
When exactly was it that the U.S. became a can't-do society?

probably when conservatives declared that government, until that time the principal organiser of grand unifying projects, was an enemy to de destroyed, preferably by drowning in a bathtub.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Sun Jul 20th, 2008 at 09:44:08 AM EST
[ Parent ]
Was anyone else totally disturbed by this?



... all progress depends on the unreasonable mensch.
(apologies to G.B. Shaw)

by marco (cowannar at gmail punkt com) on Sun Jul 20th, 2008 at 10:28:06 AM EST
[ Parent ]
Not especially. Given the history in the region I'd expect such things

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Sun Jul 20th, 2008 at 01:26:33 PM EST
[ Parent ]
THIS, THAT, AND THE OTHER

When locusts move on, they leave nothing behind
by afew (afew(a in a circle)eurotrib_dot_com) on Sat Jul 19th, 2008 at 04:09:14 PM EST
Pope apologizes for Church sex abuse | International | Reuters

SYDNEY (Reuters) - Pope Benedict on Saturday apologized directly for the first time for sexual abuse of minors by Catholic clergy, but victims groups in Australia said they wanted action and not words.

The pope, making some of his most explicit comments on the sexual abuse scandal that has rocked the Church in several countries, also said unequivocally that those responsible should be brought to justice.

Benedict made a last-minute addition to his prepared homily in St. Mary's Cathedral, adding one powerful and personal sentence -- using the word "I" three times -- the Vatican had hoped would satisfy victims groups.

"Indeed, I am deeply sorry for the pain and suffering the victims have endured and I assure them that as their pastor I too share in their suffering," he said.



When locusts move on, they leave nothing behind
by afew (afew(a in a circle)eurotrib_dot_com) on Sat Jul 19th, 2008 at 04:32:32 PM EST
[ Parent ]
"Pope Benedict on Saturday apologized... said those responsible should be brought to justice"

He's resigning? He's firing a whole pile of cardinals and bishops? He's selling Vatican real estate to pay off lawsuits?

by asdf on Sun Jul 20th, 2008 at 12:26:41 AM EST
[ Parent ]
He's selling Vatican real estate to pay off lawsuits?

Church property is simply sold by one hand to the other. If a diocese is in sore need of liquidity, the Jesuits, for example, will buy the property.

It would be an ideal set-up to launder and recycle money. The Church might consider it as a golden opportunity.

by de Gondi (publiobestia aaaatttthotmaildaughtusual) on Sun Jul 20th, 2008 at 07:08:35 PM EST
[ Parent ]
resigning?

no, lecturing us sinners about consumerism in his ferragamo pumps!

sheez

Peace is not the absence of war -- peace is the absence of fear. Ursula Franklin

by melo (melometa4(at)gmail.com) on Sun Jul 20th, 2008 at 01:29:42 AM EST
[ Parent ]
CNN: Pope: 'Spiritual desert' growing across world

"In so many of our societies, side by side with material prosperity, a spiritual desert is spreading: an interior emptiness, an unnamed fear, a quiet sense of despair," the pontiff said.

We had a long summer evening discussion last night on the patio. Most of it was about how you could get people to replace religious beliefs with a simple moral code of neighbourliness that is at the core of most organized religions. There were no conclusions, but we did come up with a cracking concept for a TV series that could never be made.


You can't be me, I'm taken

by Sven Triloqvist on Sun Jul 20th, 2008 at 05:32:26 AM EST
[ Parent ]
yup, substitute religion with practical common sense.

being an asshole brings bad luck.

fries with that?

ketchup?

Peace is not the absence of war -- peace is the absence of fear. Ursula Franklin

by melo (melometa4(at)gmail.com) on Sun Jul 20th, 2008 at 06:24:19 AM EST
[ Parent ]
You are surely not promoting superstition as a replacement? ;-)

You can't be me, I'm taken
by Sven Triloqvist on Sun Jul 20th, 2008 at 06:31:47 AM EST
[ Parent ]
that's the best part of diabloguing with you sven, i never quite know whether i'm serious or not! fun to play that edge...

people were superstitious before organising religions, methinks.

so i'm reaching out to them using a pre-religious wavelength.

older than god, older than that 'ole-time' religion even, lol

Peace is not the absence of war -- peace is the absence of fear. Ursula Franklin

by melo (melometa4(at)gmail.com) on Sun Jul 20th, 2008 at 08:20:07 AM EST
[ Parent ]
I dunno about substitute. Common sense and an innate sense of communal right and wrong seems to be the basis of all presciptions for living, even those codified into religions.

It's when the religious impulse becomes subverted to the purposes of political control that a lot of the nastier stuff comes out.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Sun Jul 20th, 2008 at 07:16:03 AM EST
[ Parent ]
an unnamed fear

Naming your fears makes them better?  say calling them something like "the devil"?

Life should consist in at least fifty percent pure waste of time, and the rest doing what you please.

by ceebs (bunchofwankers (at) gmail (dot) com) on Sun Jul 20th, 2008 at 06:52:25 AM EST
[ Parent ]
Probably just product placement...

You can't be me, I'm taken
by Sven Triloqvist on Sun Jul 20th, 2008 at 07:00:26 AM EST
[ Parent ]
While we're at it, they say the Devil has all the best tunes. How does that work for people who like church music?

Life should consist in at least fifty percent pure waste of time, and the rest doing what you please.
by ceebs (bunchofwankers (at) gmail (dot) com) on Sun Jul 20th, 2008 at 07:04:23 AM EST
[ Parent ]
'Modern' faith music sells very well in Finland. Sort of the Osmonds meet Sir Cliff with tambourines and Marshalls. I know a few session sinners who move happily between gigs for pop and gigs for the lord.

There are two pukka recording studios that specialize in above the belt, below the neck MOR with joyful lyrics.

You can't be me, I'm taken

by Sven Triloqvist on Sun Jul 20th, 2008 at 08:48:51 AM EST
[ Parent ]
I take it the spelling error is intentional? ;-)

Life should consist in at least fifty percent pure waste of time, and the rest doing what you please.
by ceebs (bunchofwankers (at) gmail (dot) com) on Sun Jul 20th, 2008 at 09:54:15 AM EST
[ Parent ]
All my errors are inintentional ;-)

You can't be me, I'm taken
by Sven Triloqvist on Sun Jul 20th, 2008 at 10:00:15 AM EST
[ Parent ]
 a Session sinner sounds an auwfuly polite euphemism.

Life should consist in at least fifty percent pure waste of time, and the rest doing what you please.
by ceebs (bunchofwankers (at) gmail (dot) com) on Sun Jul 20th, 2008 at 10:12:23 AM EST
[ Parent ]
Being your error de jour? ;-)

You can't be me, I'm taken
by Sven Triloqvist on Sun Jul 20th, 2008 at 11:30:38 AM EST
[ Parent ]
He could order his minions to deliver up the child buggeres to the authorities as soon as they hear about it, but he won't cos he still thinks the Vatican is a state outside of national jurisdictions.

So it's still a paedophile's life within the church, safe from justice or exposure.

Just don't be gay with grown-ups tho', that's a sin. Buggering kids isn't mentioned in the bible, so it's okay.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Sun Jul 20th, 2008 at 04:45:41 AM EST
[ Parent ]
BBC NEWS | Science/Nature | Cern lab goes 'colder than space'

A vast physics experiment built in a tunnel below the French-Swiss border is fast becoming one of the coolest places in the Universe.

The Large Hadron Collider is entering the final stages of being lowered to a temperature of 1.9 Kelvin (-271C; -456F) - colder than deep space.



When locusts move on, they leave nothing behind
by afew (afew(a in a circle)eurotrib_dot_com) on Sat Jul 19th, 2008 at 04:37:13 PM EST
[ Parent ]
A month from now it's all over. The End Of The World Is Nigh!!!

:-)

by asdf on Sun Jul 20th, 2008 at 12:30:30 AM EST
[ Parent ]
how many petro-slaves will it take to crank that mofo up?

should we all put our passports in a safe place?

Peace is not the absence of war -- peace is the absence of fear. Ursula Franklin

by melo (melometa4(at)gmail.com) on Sun Jul 20th, 2008 at 01:31:29 AM EST
[ Parent ]
That reminds me of Madrid's tunnel driller, named "la gallardona" after the mayor, Gallardón, who is bent on pharaonic (?) works for the missed 2012 and the hopefully-not 2016 Olympics, here.

Our knowledge has surpassed our wisdom. --Charu Saxena.
by metavision on Sun Jul 20th, 2008 at 02:23:42 PM EST
[ Parent ]
BBC SPORT | Football | My Club | Leyton Orient | Day to remember for Orient fans

The hype surrounding football these days makes heroes of players all too easily. But the Leyton Orient team of 1914/15 were exactly that.

Clapton Orient, as they were then known, were the first Football League team to enlist en masse to serve King and country. All 41 players and staff signed up to fight, a move that inspired other teams to follow suit.

And it was to the battlefields of northern France that they were posted. There they found themselves embroiled in one of the bloodiest military operations of all time.



Life should consist in at least fifty percent pure waste of time, and the rest doing what you please.
by ceebs (bunchofwankers (at) gmail (dot) com) on Sat Jul 19th, 2008 at 04:48:57 PM EST
[ Parent ]
I don't find volunteering to fight for Imperial Stupidities particularly heroic. Tragic. Desperately desperately sad. Yes. But heroic ? I cannot find it in my heart to praise such futile waste.

Anymore than Tillman was hero. Patsies, stooges, believers of falshood, victims of a societal three-card trick perpetrated by the rich against the poor. Is selfless sacrifice for such base motives heroic ?

The issue with militaries is that they believe the troops at their disposal are to be disposed of. We now have the sneering disdain of cheney and bush that, because these soldiers volunteered, their lives can be wasted for political advantage. Their honest patriotism, abused by modern Goerrings with the univeral sneer;-

the people can always be brought to the bidding of the leaders. That is easy. All you have to do is to tell them they are being attacked, and denounce the pacifists for lack of patriotism and exposing the country to danger. It works the same in any country."

.., is simply a tool in such hands. Heroism, bravery are moot, once they are inuniform, they are there to die and will be sent to places where they will die, uselessly and forgotten, to puff up a politician's chest for a minute or two.

Remember The Battle Disgrace of Pork Chop Hill

The Battle of Pork Chop Hill comprises a pair of related Korean War infantry fights during the spring and summer of 1953. These were fought while the U.S. and the Communist Chinese and Koreans negotiated an armistice. In the U.S., they were controversial because of the many soldiers killed for terrain of no strategic or tactical value.



keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Sun Jul 20th, 2008 at 05:02:31 AM EST
[ Parent ]
Hydrogen Cars Will Need Multi-Billion Dollar Jumpstart, Experts Warn

WASHINGTON, DC, July 18, 2008 (ENS) - It will take massive subsidies from the U.S. government to make hydrogen fuel cell vehicles a significant part of the nation's transportation future, according to a National Research Council report released Thursday. The study finds that even under a best-case scenario only about two million hydrogen fuel cell vehicles will be on American roads by 2020, less than one percent of the nation's estimated total number of cars and trucks.

Achieving that goal would require the government to pump at least $55 billion in subsidies over the next 15 years to make hydrogen vehicles cost competitive with conventional cars and trucks, the report concluded. Current government spending has equaled some $879 million since 2004.

But the chair of the committee that wrote the report said the suggested government funding should be put in perspective with other subsidies.

If current funding and policies continue, the federal subsidy for corn-based ethanol over the same time period is on pace to reach $160 billion, said Mike Ramage, a former vice president for research and development at Exxon Mobil and chair of the 17-member panel.



When locusts move on, they leave nothing behind
by afew (afew(a in a circle)eurotrib_dot_com) on Sat Jul 19th, 2008 at 04:57:41 PM EST
[ Parent ]
Pennsylvania Bets on Biofuels
HARRISBURG, Pennsylvania, July 18, 2008 (ENS) - Pennsylvania Governor Ed Rendell signed two pieces of legislation last week that will help spur the development of homegrown biofuels in Pennsylvania and establish new requirements that every gallon of gasoline and diesel fuel contain a percentage of ethanol and biodiesel.

"Pennsylvanians are struggling with higher fuels costs," said Governor Rendell. "Record-high fuel prices are straining family budgets and pinching the bottom lines of our businesses. We need to reduce our dependence on foreign oil and keep our energy dollars in Pennsylvania, to invest in our economy and create jobs."

The biofuel percentages established under the new law will go into effect once in-state production reaches certain levels.

The requirements include what the governor believes to be the nation's first state-specific mandate for cellulosic ethanol, which is made from non-food plant materials.



When locusts move on, they leave nothing behind
by afew (afew(a in a circle)eurotrib_dot_com) on Sat Jul 19th, 2008 at 05:00:31 PM EST
[ Parent ]
At present the most pressing need in the US is to find subsidies that provide votes in return.

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 Sat Jul 19th, 2008 at 08:28:46 PM EST
[ Parent ]
how many weeks in iraq of 'demand destruction' would pay for that?

less blood on the walls, too

Peace is not the absence of war -- peace is the absence of fear. Ursula Franklin

by melo (melometa4(at)gmail.com) on Sun Jul 20th, 2008 at 06:31:41 AM EST
[ Parent ]
Scientists Close In On Source Of X-Rays In Lightning
University of Florida and Florida Institute of Technology engineering researchers have narrowed the search for the source of X-rays emitted by lightning, a feat that could one day help predict where lightning will strike.

"From a practical point of view, if we are going to ever be able to predict when and where lightning will strike, we need to first understand how lightning moves from one place to the other," said Joseph Dwyer, a professor in the department of physics and space sciences at FIT. "At present, we do not have a good handle on this. X-rays are giving us a close-up view of what is happening inside the lightning as it moves."

<...>

"Nobody understands how lightning makes X-rays," said Martin Uman, a professor of electrical and computer engineering. "Despite reaching temperatures five times hotter than the surface of the sun, the temperature of lightning is still thousands of times too cold to account for the X-rays observed."



When locusts move on, they leave nothing behind
by afew (afew(a in a circle)eurotrib_dot_com) on Sat Jul 19th, 2008 at 05:04:54 PM EST
[ Parent ]
Well, i'm sure these guys know way more than me, but there's plenty enough energy for effects at atomic level, even if the heat isn't.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Sun Jul 20th, 2008 at 05:17:11 AM EST
[ Parent ]
We have a major political crisis in Belgium with no end in sight....This was the headline news of the day:

deredactie.be - English - Belgian woman survives black bear attack

Sat 19/07/08 16:29 (UPDATE video) - A Belgian woman has survived an attack by a black bear in Banff National Park, in the Rocky Mountains. The incident is big news in Canada, as biologists say the incident is "highly unusual".

23-year-old Charisse D'hamers has been liging and working in the Rocky Mountains since last year. On Wednesday, she went jogging near Lake Louise when she was surprised by a black bear.



The struggle of man against tyranny is the struggle of memory against forgetting.(Kundera)
by Elco B (elcob at scarlet dot be) on Sat Jul 19th, 2008 at 06:41:04 PM EST
[ Parent ]
We had a black bear break into an electronics store here in Colorado Springs a couple of days ago. They routinely go through trash cans behind fancy downtown loft buildings and in suburban back yards...

http://www.cnn.com/video/#/video/us/2008/07/16/vosot.co.bear.circuit.city.kktv?iref=videosearch

by asdf on Sun Jul 20th, 2008 at 12:39:02 AM EST
[ Parent ]
I faced some opposition recently by daring to broach the subject of sociobiology.

There is some new evidence to support my views just in:

Telegraph: Male lust is blind


You can't be me, I'm taken

by Sven Triloqvist on Sun Jul 20th, 2008 at 05:45:13 AM EST
[ Parent ]
Notwithstanding that bodies, minds and souls all seem to have different triggering mechanisms, some interconnected and all with the ability to change, I sure hope that this experiment was done better than it was described in this newspaper write-up.

The way that the Telegraph writer described it, all they have proved is that being alone in a room for 15 minutes of Suduku raises testosterone levels, with the possible link of a female who had been in the room for 5 minutes and who left the room 15 minutes earlier...and, she talked to me~!~!! that is going to get a rise out of most college boys, no?

Never underestimate their intelligence, always underestimate their knowledge.

Frank Delaney ~ Ireland

by siegestate (siegestate or beyondwarispeace.com) on Sun Jul 20th, 2008 at 07:33:47 AM EST
[ Parent ]
BBC NEWS | Asia-Pacific | Moonies founder 'hurt in crash'
Moonies founder 'hurt in crash'
Rev Sun Myung Moon's helicopter reportedly hit bad weather

The founder of the controversial Unification Church, better known as the Moonies, has been hurt in a helicopter crash in South Korea, reports say.

Rev Sun Myung Moon, 88, was among several people on the aircraft when it made an emergency landing at Gapyeong, 40km (25 miles) east of Seoul.

News agencies quoted officials as saying Rev Moon's injuries were slight.

The casualties were taken to Cheongshim Hospital, which is affiliated to the Church, a hospital official said.



Peace is not the absence of war -- peace is the absence of fear. Ursula Franklin
by melo (melometa4(at)gmail.com) on Sun Jul 20th, 2008 at 06:34:14 AM EST
[ Parent ]
KLATSCH

When locusts move on, they leave nothing behind
by afew (afew(a in a circle)eurotrib_dot_com) on Sat Jul 19th, 2008 at 04:09:43 PM EST
It's Fran's night off, postings welcome!!

When locusts move on, they leave nothing behind
by afew (afew(a in a circle)eurotrib_dot_com) on Sat Jul 19th, 2008 at 04:10:27 PM EST
[ Parent ]
Does anyone know how Pfandbriefe, a.k.a. covered bonds work, and if they could help prevent future banking crises in the U.S. if introduced more extensively?

I just learned of these today on a radio show:

I think one of the most important reform measures is to bring to the United States a mortgage funding technique that's existed very successfully in Europe for over two centuries.  There's about $3 trillion of this paper outstanding in Europe, and yet it's hardly known in this country.  Two days ago the FDIC board of directors approved a policy statement that is excessively cautious in terms of opening the market to covered bonds in the United States.  But covered bonds would basically allow banks and thrifts to make mortgages, keep them on balance sheets, so they don't have to securitize them, and fund them with long-term debt secured by those mortgages.

The Diane Rehm Show, "The Banking Industry"

Here is the FDIC Policy Statement on covered bonds.

... all progress depends on the unreasonable mensch.
(apologies to G.B. Shaw)

by marco (cowannar at gmail punkt com) on Sat Jul 19th, 2008 at 08:46:24 PM EST
[ Parent ]
Huzzah




Where's your motherf*%&ing flag pin?

by Drew J Jones (blahblahblah@blahblahblah.com) on Sat Jul 19th, 2008 at 11:01:15 PM EST
[ Parent ]


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