European Salon de News, Discussion et Klatsch - 19 November

by Fran
Wed Nov 18th, 2009 at 04:04:10 PM EST

 A Daily Review Of International Online Media 


Europeans on this date in history:

1711 – Birth of Mikhail Lomonosov, a Russian polymath, scientist and writer, who made important contributions to literature, education, and science. (d. 1765)

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En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma

by Migeru (migeru at eurotrib dot com) on Wed Nov 18th, 2009 at 10:26:22 AM EST
European Commission: European Neighbourhood Policy in action: launch of cross-border co-operation programmes with Russia
At the EU-Russia Summit today Commissioner for External Relations and European Neighbourhood Policy, Benita Ferrero-Waldner and the Russian Minister for Regional Development, Viktor Basargin, signed the Financing Agreements for five cross-border co-operation programmes (CBC). These financing agreements are central to the implementation of cooperation programmes between the border regions of the European Union and Russia. The programmes have a total budget of approximately €437 million until 2013, and are funded by different sources: European Commission (€267 mio), Member States (€67 mio) and the Russian Federation (€103 mio). The co-financing by the Russian Federation confirms the spirit of partnership at the core of the European Neighbourhood and Partnership Instrument (ENPI).

...

The innovative character of this kind of cooperation lies in its balanced partnership: for the first time partner countries and EU member states apply a single set of implementing rules, share one single budget and take decisions together within a common management structure. Common needs are identified by local partners on both sides of the border for activities that are most relevant to their local situation, creating an approach from the bottom and according to real needs.

The programmes involving Russia are:

  • "Kolarctic-Russia" (Sweden Finland, Norway, Russia) - €70.48 mio

  • "Karelia-Russia" (Finland, Russia) - €46.40 mio

  • "South East Finland-Russia" (Finland, Russia) - €72.36 mio

  • "Estonia-Latvia-Russia" - €73.08 mio

  • "Lithuania-Poland-Russia" (the Kaliningrad programme) - €176.13 mio



En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Wed Nov 18th, 2009 at 11:16:04 AM EST
[ Parent ]
Does the shared decision making extend to the question of WTF they are talking about? Is the ability to write three paragraphs without clearly stating anything a general requirement for EU institutions, or is this just in honor of joint activity with Russia?

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer at eurotrib.com) on Wed Nov 18th, 2009 at 05:35:11 PM EST
[ Parent ]
Here's the part you might have missed, why the program exists?

There is a wide array of issues that can be addressed in Cross-Border-Cooperation programmes - examples include promotion of small and medium enterprises, business and trade, transport, technology, research, and tourism. The regions will address common challenges in the areas of environment, nature protection and renewable energy, culture or protection of historical heritage.


Skennah Kowa
by Crazy Horse on Thu Nov 19th, 2009 at 02:27:52 AM EST
[ Parent ]
European Commission: Against all odds, broadband internet continues to grow in the EU
With more than 11 million new fixed lines laid in a year, the take up of broadband internet continues to grow in Europe. According to a report published today by the European Commission, 24% of the EU population had a broadband access line subscription in July 2009, up from 21.6% in July 2008. The report also shows that mobile broadband is gaining momentum in Europe, with a 54% increase since January and now at a penetration rate of 4.2% per 100 citizens. Last but not least, broadband internet connections in Europe are increasingly faster. 80% of broadband lines in the EU now have download speeds of 2 megabits per second (Mbps) or greater (allowing the use of Web 2.0 and video streaming), which is 5% up from last year.

"Despite the economic slowdown, Europe continues to have a very dynamic broadband market. Enhanced competition is driving better services, and consumers nowadays regard their broadband internet access as an essential part of life, " said EU Telecoms Commissioner Viviane Reding. "This is a good starting point for the next European Commission. Vibrant high-speed broadband markets in a competitive single telecoms market are a strategic priority in the European Digital Agenda that is currently being prepared in the Commission. High-speed internet broadband, whether via fibre networks or wireless, is a pre-condition for a strong digital economy in Europe and for European leadership in new technologies and applications. After the European Parliament and the Council have agreed, on 5 November, a new and pro-competitive regulatory framework for Europe's telecoms markets ( MEMO/09/491 ), I expect that the drive for the roll-out of high speed internet will now intensify across all EU Member States. Europe is clearly ready to make the next decade thoroughly digital."

New figures published today by the Commission show that in the last year the number of broadband lines continued to grow throughout the EU by 10.7% on average (between July 2008 and July 2009), despite the gloomy economic environment . On 1 July 2009, there were around 120 million fixed broadband lines in the EU, of which 11.5 million lines have been added since July 2008.



En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Wed Nov 18th, 2009 at 11:22:57 AM EST
[ Parent ]
when i see how ubiquitous wifi is in costa rica, it's teethgrindingly enraging to realise how transparently retro italy is in this respect.

of course if you have put a lot of energy buying up national media and systematically dumbing down the electorate to keep it in your rancid pocket, the last thing you want is your faithful voters figuring out they are being treated like mushrooms, kept in the dark and fed copious amounts of horseshit.

so for fear of political and social freedom, italy is condemning herself to missing the digital grand euro plan, and being almost totally marginalised in the web 2.0 economy.

nice work silvio, stymie a whole nation's evolution to keep your ass out of the clink.

"Two wrongs don't make a right, but three lefts do." Jim Hightower

by melo (melometa4(at)gmail.com) on Wed Nov 18th, 2009 at 10:19:07 PM EST
[ Parent ]
What's "4.2% per 100 inhabitants"??

And why would it be "against all odds" that penetration for a valuable service increases? A case of [Europe.Is.Doomed™ Alert] within the EU Commission?

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Thu Nov 19th, 2009 at 04:32:31 AM EST
[ Parent ]
I think it may have something to do with the recession/depression/vampire squid attack.
by ThatBritGuy (thatbritguy (at) googlemail.com) on Thu Nov 19th, 2009 at 05:40:15 AM EST
[ Parent ]
This "against all odds" drivel flows from the Serious PeopleTM conventional wisdom that dictates that:
  • Broadband is a luxury item, not a basic utility like water, electricity or sanitation.
  • What's holding back broadband is price and affordability, not telco monopolies shenanigans.
  • We're in an "economic slowdown", ergo,broadband development should peter out.

Of course the facts (the stubborn little bastards) don't agree, and Viviane Reding says pretty much the same thing as you do:
Viviane Reding:
Enhanced competition is driving better services, and consumers nowadays regard their broadband internet access as an essential part of life

So at the end, our only beef is with the title: you'll have noticed that nowhere in the body of the press release can you find the expression "against all odds" again.

So it certainly looks like this Europe.Is.Doomed case is not coming from the EU Commission itself, but can be narrowed down to the people who are entrusted to putting EU press releases in English language together. What does it tell us, hmmmm?

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

by Bernard on Thu Nov 19th, 2009 at 06:03:27 AM EST
[ Parent ]
Bernard:
Serious PeopleTM conventional wisdom that dictates that:
  • Broadband is a luxury item, not a basic utility like water, electricity or sanitation
Spain clearly doesn't have a "serious" Industry Minister...

El acceso a Internet de un mega será un derecho a partir de 2011 · ELPAÍS.com1Mbps internet access will be a right [in Spain] after 2010 - ElPais.com
Las compañías, a través de su asociación Redtel, ya han manifestado su rechazo a la medida. Entienden que, una vez más, el Gobierno extiende derechos a sus expensas como ha ocurrido con la reciente obligación de identificar las tarjetas prepago, promovida por el Ministerio del Interior, pero sufragada por las operadoras.[Telecom] firms, through their [industry] association Redtel, have already voiced their rejction of the measure. They claim that, once again, the Government extends rights at their costs, as it happened with the obligation to identify pre-paid cards [pay-as-you-go mobile], promoted by the Ministry of the Interior but paid for by the operators.

Never mind that the obligation to identify pay-as-you-go customers comes from the EU and has nothing to do with consumer rights but with State security concerns...

El ministro de Industria, Miguel Sebastián, que hizo el anuncio en la inauguración del III Foro Internacional de Contenidos Digitales (Ficod), no ayudó a despejar las dudas, y se limitó a indicar que, dependiendo del interés que exista por parte de las empresas para ser designadas como operadora del servicio universal, se convocarán los concursos necesarios por elementos y zonas geográficas.[Spain's] minister of Industry, Miguel Sebastián, who made the announcement at the opening of the 3rd Internation Forum on Digital Content (Ficod), didn't help to dispel doubts, and limited himself to indicating that, depending on the interest on the part of [Telecom] firms to be designated as universal service operators, there will be the necessary tenders [broken down] by elements and geographical areas.
Al margen de las quejas, la medida puede servir para revitalizar el mapa de la banda ancha en España, donde sólo el 11% de los internautas abonados disfrutan de una velocidad superior a los 10 megas. Una triste realidad si se compara con países como Japón, donde la velocidad comercial es 100 Mbps, a un precio de 34 euros mensuales, por el que aquí se consiguen, con suerte, 3 megas.Complaints aside, the measure may serve to revitalize Spain's broadband map, where only 11% of the population enjoys a speed above 10 Mbps. A sad reality compared with countries such as Japan, where the commercially available speed is 100Mbps at a price of €34 a month, for which [in Spain] one gets, with luck, 3Mbps.


En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Thu Nov 19th, 2009 at 06:16:55 AM EST
[ Parent ]
The pay-as-you-go applies to mobile phone SIM cards, not residential broadband, no?
And yes, governments are always eager to keep tabs on who is using these tools, for our own security, of course...

Europeans think a hundred miles is a long way. Americans think a hundred years is a long time.
by Bernard on Thu Nov 19th, 2009 at 06:41:38 AM EST
[ Parent ]
Bernard:
The pay-as-you-go applies to mobile phone SIM cards, not residential broadband, no?
Yes, but the TelCos are the same...

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Thu Nov 19th, 2009 at 06:44:48 AM EST
[ Parent ]
The UK is aiming for a nominal 1MB base, but BT is rolling out 'up to 20MB' for most of the UK over the next few years. It's due here in 2011 - here being very uncentral, and not a priority area. 20MB - more like 8-10MB in practice - will be good enough for another decade or so.  

I'd like to know how widespread Japan's famed 100MB really is. 100MB in urban areas is not that special - you can find it in parts of London.

As a revealing indicator, I'd be more interested in the baseline service on Japan's less central islands.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Thu Nov 19th, 2009 at 06:45:01 AM EST
[ Parent ]
You mean Mb/s, not MB.  Quite different units.
by njh on Thu Nov 19th, 2009 at 03:47:15 PM EST
[ Parent ]
"What's "4.2% per 100 inhabitants"

I recently came across a mail from someone trying to kill a project, asking for various calculations before it could go on, that had to take into accounts some powers expressed in kW.h/h.

I mentioned in passing that it simplified nicely as kW and that it did not bode well for the person's competence.


"Few can believe that suffering, especially by others, is in vain. - Galbraith"

by Cyrille (cyrillev domain yahoo.fr) on Thu Nov 19th, 2009 at 07:48:25 AM EST
[ Parent ]
That's not always exactly the same thing: kW is more "instant power" whereas kW.h/h is "average power".

You can achieve 10 kW.h/h with 10 kW during one hour, or 600 kW during one minute and then 0 kW during the following 59 minutes...

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

by Bernard on Thu Nov 19th, 2009 at 08:31:45 AM EST
[ Parent ]
Well, he called it power, not average power. And the relevant period was not an hour.

And average power should still be expressed in kW.

Anyway, I know you're trying to catch me ;-)

"Few can believe that suffering, especially by others, is in vain. - Galbraith"

by Cyrille (cyrillev domain yahoo.fr) on Thu Nov 19th, 2009 at 09:50:00 AM EST
[ Parent ]
I don't think this is true.  Reciprocal units represent derivatives (instantaneous), powers represent integrals: All units are integral operators.

If one wants to denote average power over some time frame, one should specifically say so.  Also, different kernels (weighting functions) result in different output - the naive 'sum of previous n values/n' rectangle filter is very lumpy in frequency space (sinc function), instead it's better to use something monotonic like the exponential weighting function (each average is a convex combination of the current value and the previous average).

(The thing about nitpicks is that there is always someone more pedantical than you :)

by njh on Thu Nov 19th, 2009 at 04:03:13 PM EST
[ Parent ]
European Commission: Council ready to see the Integrated Maritime Policy step up a gear
Commissioner Borg said: "The Council's continued support for an integrated approach to maritime affairs is a fitting way in which to bring the first phase of the Integrated Maritime Policy to a close. Now we can set about taking this ambitious policy to a new level. In response to the Council's requests, we will now open the IMP out still further, in order to address the medium- and long-term challenges for Europe's seas and coasts and focus on economic growth, quality jobs, environmental protection, safety and security, and citizens' well-being."

On maritime surveillance, the Commissioner added: "By welcoming the Commission's Communication and endorsing our approach, the Council has yet further confirmed that the integration of maritime surveillance is on the right track, and fully deserves its place at the heart of our Integrated Maritime Policy. It is clear that all concerned parties share the conviction that integrated maritime surveillance will deliver benefits across the board, through better use and effectiveness of existing resources, which will also result in cost effectiveness."

The GAERC Council called on the Commission to maintain the momentum behind the Integrated Maritime Policy. It pointed to the need to enhance the economic potential of maritime sectors, improve the effectiveness of governments' actions at sea and generate synergies in pursuing economic growth, environmental stability and a solid social dimension for maritime activities.

Shorter Borg: resistance is futile, your maritime policy will be assimilated.

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Wed Nov 18th, 2009 at 11:31:41 AM EST
[ Parent ]
Well, one thing is clear: there is a great emphasis on surveillance, but what will they look for? Or is that too impolitic to say?

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer at eurotrib.com) on Wed Nov 18th, 2009 at 05:31:23 PM EST
[ Parent ]
japanese whalers? pirates? offshore floating radio stations?

remember radio caroline?

"Two wrongs don't make a right, but three lefts do." Jim Hightower

by melo (melometa4(at)gmail.com) on Wed Nov 18th, 2009 at 10:57:26 PM EST
[ Parent ]
ARGeezer:
but what will they look for?

'Quality' jobs, with any luck.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Thu Nov 19th, 2009 at 05:42:02 AM EST
[ Parent ]
Envoy lets slip EU presidency pact by France and Germany - Times Online

A Franco-German alliance behind the appointment of Europe's first president has been exposed after a diplomat inadvertently revealed Angela Merkel's preferred choice.

Berlin's silence over whom it backs for the new job was broken by Reinhard Bettzuege, the German Ambassador to Belgium, who let slip that his Chancellor was behind Herman Van Rompuy, the Belgian Prime Minister. Mr Van Rompuy has emerged as favourite to become the EU's first full-time president, overtaking Tony Blair.

Ms Merkel admitted what President Sarkozy has been claiming for weeks: that Paris and Berlin will agree on their candidates before tonight's summit of the 27 leaders in Brussels to select the president and EU foreign minister, another post that has been created by the Lisbon treaty.

Under the new rules national vetoes have been abolished and any vote on the candidates would be based on a qualified majority -- with large countries counting for much more than smaller ones. The deal completes a revival of the Franco-German axis, which was the centre of the EU before its enlargement to include countries from the former Eastern bloc.

by Fran (fran at eurotrib dot com) on Thu Nov 19th, 2009 at 12:32:24 AM EST
[ Parent ]
EU anger over Franco-German 'stitch-up' on presidency - Telegraph
European leaders are heading for a fierce battle on Thursday after Germany and France were accused of plotting to bounce their favoured federalist candidate into the post of EU president.

Angela Merkel and Nicolas Sarkozy were revealed to have made a pact to railroad Herman Van Rompuy, Belgium's Prime Minister, into the powerful Brussels job created by the Lisbon Treaty.

The attempted "stitch-up" angered Britain, Spain, Italy and Poland along with other central and east European countries.

by Fran (fran at eurotrib dot com) on Thu Nov 19th, 2009 at 12:35:28 AM EST
[ Parent ]
It's Old Europe against New Europe all over again! Party on!
[Europe.Is.Doomed™ Alert]

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Thu Nov 19th, 2009 at 04:33:35 AM EST
[ Parent ]
What are you talking about? It's the directoire against everyone else.

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Thu Nov 19th, 2009 at 04:44:55 AM EST
[ Parent ]
This is half of the envisioned directoire against the other half, claiming support from everyone else. With not even the full directoire having a majority, this is much ado about nothing.

*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 Nov 19th, 2009 at 05:10:56 AM EST
[ Parent ]
It's a sign that France and Germany (and the UK, too) simply are not comfortable dealing with the small member states and want to keep dictating EU developments.

Londres paraliza la elección de la nueva cúpula europea · ELPAÍS.comLondon blocks the election of the new European top people - ElPaís.com
La insistencia de Gordon Brown en mantener la candidatura de Tony Blair para la presidencia de la UE, a pesar del rechazo generalizado que ha provocado, bloquea los nombramientos de los dirigentes de la Unión. El acuerdo de consenso alcanzado entre la canciller alemana, Angela Merkel, y el presidente francés, Nicolas Sarkozy, para que el primer ministro belga, Herman Van Rompuy, sea el primer presidente de la Unión Europea tropieza con la resistencia del primer ministro británico en favor de su predecesor en el cargo. Además, la iniciativa franco-alemana ha causado también malestar a Fredrik Reinfeldt, primer ministro de Suecia, que ostenta la presidencia de la Unión y a quien como tal corresponde hacer las propuestas de nombramientos.Gordon Brown's insistence on maintaining Tony Blair's candidacy for the EU presidency, despite the general rejection it has caused, is blocking the appointment of the Union's leaders. The consensus agreement between the German Chancellor Angel Merkel and the French President Nicolas Sarkozy to make the Belgian Prime Minister Herman Van Rompuy the first permanent president of the European Union is meeting resistance from the British Prime minister who favours his predecessor. In addition, the French-German initiative has caused unease to Fredrik Reinfelds, prime minister of Sweden, who holds the Union's presidency and who, as such, is charged with making the nominations for the appointments.

It is the stated goal of the next rotating presidency (Spain, Belgium, Hungary) to "restore the institutional balance" and limit the dominance of the large member states and their directoire style. They have their job cut for them...

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma

by Migeru (migeru at eurotrib dot com) on Thu Nov 19th, 2009 at 05:40:37 AM EST
[ Parent ]
By the way, you can see the emphasis on collegiality in their choice of logo and website (EUTrio.eu):


En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Thu Nov 19th, 2009 at 06:23:59 AM EST
[ Parent ]
I had to look at the magnified version to discover that the "i"-s have halved dots, not misplaced accents. [The Hungarian version of the world would be "trió".]

*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 Nov 19th, 2009 at 06:37:09 AM EST
[ Parent ]
The joys of cleverer-than-thou graphic design...

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Thu Nov 19th, 2009 at 06:46:43 AM EST
[ Parent ]
that Blair and Van Rompuy are both out of the game in the long run. Because with this sort of stuff in the press someone will lose face if it does become Blair or Van Rompuy, and one can't possibly have that.

Should we start an ET betting pool?

by Nomad on Thu Nov 19th, 2009 at 06:28:04 AM EST
[ Parent ]
How about an open thread with a poll? Get a list of candidates from here (or elsewhere).

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Thu Nov 19th, 2009 at 06:31:51 AM EST
[ Parent ]
If Mary Robinson or Juncker get in, that would be fun.

*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 Nov 19th, 2009 at 06:40:03 AM EST
[ Parent ]
On Mary Robinson, see this in a parallel thread.
A cross-party group of MEPs have called for former Irish president Mary Robinson for the role of EU president.


En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Thu Nov 19th, 2009 at 06:43:57 AM EST
[ Parent ]
Yesterday was the quid pro quo for France voting for an Irish candidate, I'd wager.

"Few can believe that suffering, especially by others, is in vain. - Galbraith"
by Cyrille (cyrillev domain yahoo.fr) on Thu Nov 19th, 2009 at 07:44:34 AM EST
[ Parent ]
In addition, the French-German initiative has caused unease to Fredrik Reinfelds, prime minister of Sweden, who holds the Union's presidency and who, as such, is charged with making the nominations for the appointments.

Well, Reinfeldt can't propose a candidate on his own, what he wanted (it's somewhere on ET) was to propose a single name in public after consultations with everyone behind closed doors, for a show of unity. Meanwhile the leaders of France and Germany were said to have wanted to keep their support for a joint candidate confidential, too, for fear of a repeat of the Barrroso selection. So this leak of support for van Rompuy is either a diplomatic mishap, or a reaction to a Brown/Bliar maneuver.

*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 Nov 19th, 2009 at 06:48:38 AM EST
[ Parent ]
This summit is going to be epic. Like the Nice Summit of december 2000...

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Thu Nov 19th, 2009 at 07:13:48 AM EST
[ Parent ]
The EU job contest dawns (don't wait up) - Europe, World - The Independent
Will the new President be a Belgian, a Latvian, or even a Brit? Only one thing is certain: it won't be a snap decision

The finals of the European Job Contest will take place in Brussels tonight, without the cheap glitter of the musical version but with the same sort of secret, national horse-trading and, most probably, the same kind of unmemorable winners.

EU heads of state or government will meet over dinner to choose the first ever President of the European Council and the first ever High Representative for foreign affairs. Confusion over the likely outcome was so great last night that the Swedish government, which will chair the meeting, made emergency plans for dinner to extend to breakfast, and even lunch, on Friday.

by Fran (fran at eurotrib dot com) on Thu Nov 19th, 2009 at 12:37:11 AM EST
[ Parent ]

 made emergency plans for dinner to extend to breakfast, and even lunch, on Friday.

Can you imagine if transparency was important enough to our leaders that they televised this like a Fusbal Partie, with slo-mo and instant replay and analysis and all?

Skennah Kowa
by Crazy Horse on Thu Nov 19th, 2009 at 02:36:51 AM EST
[ Parent ]
You'd only get complaints about match fixing, and the ref's eyesight.
by ThatBritGuy (thatbritguy (at) googlemail.com) on Thu Nov 19th, 2009 at 05:44:21 AM EST
[ Parent ]
Russia pledges greenhouse gas cuts | Europe | Deutsche Welle | 18.11.2009
Russia has made a surprise pledge to cut its greenhouse gas emissions at a summit with European Union officials in Sweden. Energy issues and Moscow's bid to join the World Trade Organization were also high on the agenda. 

EU officials have said Russian President Dmitry Medvedev has vowed to cut his country's greenhouse gas emissions by 20 to 25 percent below 1990 levels by 2020.

The announcement came after a summit between European Union officials and the Russian president designed to lay the groundwork for a new economic and political partnership between Moscow and Brussels.

Medvedev did not comment publicly on the new emissions target but European Commission President Jose Manuel Barroso said "with the Copenhagen conference starting in just over two weeks we have made very important progress today.

by Fran (fran at eurotrib dot com) on Thu Nov 19th, 2009 at 12:39:37 AM EST
[ Parent ]
EUobserver / Russia makes surprise CO2 pledge at summit

EUOBSERVER / BRUSSELS - Russia made a surprise pledge to cut back on CO2 emissions at a summit with the EU in Sweden on Wednesday (18 November).

Russian diplomats said the country is ready to cut emissions by 20 to 25 percent below 1990s levels by 2020, up from a previous commitment of 10 to 15 percent.

Russian President Dmitry Medvedev was unclear on the country's WTO plans

The move, coming two weeks before the United Nations climate summit in Copenhagen, falls short of the EU target of 20 to 30 percent for developed countries. It also fails to clear up the issue of Russia's unused carbon credits, which could cause a crash on the carbon exchange market if Moscow cashes them in.

European Commission President Jose Manuel Barroso welcomed the CO2 decision. "We are currently negotiating among the world capitals," he said about pre-Copenhagen talks. "But you cannot negotiate with nature. You cannot negotiate with physics."

by Fran (fran at eurotrib dot com) on Thu Nov 19th, 2009 at 12:42:48 AM EST
[ Parent ]
EUobserver / Van Rompuy: 'Turkey will never be part of Europe'

EUOBSERVER / BRUSSELS - Belgian Prime Minister Herman Van Rompuy, a leading candidate to win the presidency of the European Council, is strongly opposed to Turkey ever joining the European Union.

"Turkey is not a part of Europe and will never be part of Europe," Mr Van Rompuy said during a meeting of the Council of Europe on the subject of Turkey's possible entry into the EU, held in the Belgian parliament on December, 2004.

The Belgian leader believes Turkey would threaten Europe's 'Christian values'

During the speech, the Belgian leader underscored Europe's Christian "fundamental values," which would be undermined by admitting Turkey into the union.

"An expansion of the EU to include Turkey cannot be considered as just another expansion as in the past. The universal values which are in force in Europe, and which are also fundamental values of Christianity, will lose vigour with the entry of a large Islamic country such as Turkey," the then opposition politician said in a speech that until now has remained buried.

by Fran (fran at eurotrib dot com) on Thu Nov 19th, 2009 at 12:41:25 AM EST
[ Parent ]
We trade Bliar for this Scheisse?

Skennah Kowa
by Crazy Horse on Thu Nov 19th, 2009 at 02:38:52 AM EST
[ Parent ]
Given the political landscape, we're pretty much doomed to someone bad in the job.
by Colman (colman at eurotrib.com) on Thu Nov 19th, 2009 at 02:45:41 AM EST
[ Parent ]
This is the EPP for you. At least his "never" won't last longer that 5 years anyway.

(But I'd prefer Juncker.)

*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 Nov 19th, 2009 at 05:15:18 AM EST
[ Parent ]
'RIA Novosti' newswire: Russia prolongs moratorium on death penalty, contemplates ban
Russia imposed the moratorium after it joined the Council of Europe in 1996 and signed the European Convention on Human Rights, but it has not ratified the document yet.

"This decision is final and shall not be appealed," court chairman Valery Zorkin said reading out the ruling.

Zorkin said the moratorium on executions will be in place until Russian parliament ratifies Protocol 6 to the European Convention banning the death penalty.



En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Thu Nov 19th, 2009 at 05:33:50 AM EST
[ Parent ]
  1. On Monday, boarding bus for the countryside in Zalaegerszeg, Western Hungary, two young men got into an argument and scuffle. One of them went to the bus driver claiming to have lost a teeth, and asked for calling the police. The bus driver saw no  lost teeth and police didn't see reason to come either, so the guy left the bus upset.

    However, a few kilometers later, the bus was stopped by a civilian car. Two men in civilian clothes boarded the bus. They claimed to be police investigators, but showed no identifications, only a pistol on the belt. They took the second conflict party.

    Said boy, a Roma, was thrown out at a tank station, and reported that he was insulted, beaten, his ID card and cell phone were taken, and told to shut up or face a repeat performance.

    The two fake policemen were caught today.

  2. Two weeks ago, an elderly German couple disappeared in Mohács, Southern Hungary. After tracking the movements of people they knew, on Monday, police found the wife buried 5 m deep, later the husband 6 m deep. Arrested for the crime: two middle-aged men and a woman in her twenties, all Germans who moved here a few years ago just like the elderly couple. Motive as yet unrevealed.


*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 Nov 19th, 2009 at 07:53:06 AM EST
[ Parent ]
 ECONOMY & FINANCE 


En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Wed Nov 18th, 2009 at 10:27:13 AM EST
Lloyds, ING, KBC Win EU Approval for Government Aid (Update3) - Bloomberg.com
The European Commission, the EU's executive arm, has 28 more cases to review after a wave of taxpayer-funded rescues following the credit crises, Competition Commissioner Neelie Kroes said today in Brussels. The commission is forcing banks that received state aid to sell assets to prevent them from gaining an unfair advantage.

Today's "decisions all demonstrate that the commission takes seriously its role as guarantor of EU state aid rules and the single market, the fair level playing field," Kroes said at a news conference. "The restructuring of the banks will ensure their long-term viability."

...

Kroes last week said she wasn't a "bank destroyer" and sought to change the "arrogant" culture of banks. Her office is reviewing restructuring plans for dozens of banks, including Northern Rock Plc and Royal Bank of Scotland Group Plc.



En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Wed Nov 18th, 2009 at 11:08:45 AM EST
[ Parent ]
European Commission: State aid: Commission approves restructuring plan of Lloyds Banking Group

Competition Commissioner Neelie Kroes said: "This plan effectively addresses the Commission's competition concerns and at the same time ensures the return of Lloyds Banking Group to long term viability. This decision once again demonstrates the important role that the EU's state aid rules play in facilitating sustainable bank restructuring whilst preventing undue distortions of competition. This is to the clear benefit of both customers and taxpayers".

The Lloyds Banking Group is the entity resulting from the acquisition of HBOS by Lloyds TSB in January 2009. In 2008, HBOS was close to bankruptcy as a result of risky lending practices and high dependence on wholesale funding. In light of the systemic importance of HBOS to the UK financial system, the UK Government facilitated the takeover of HBOS by Lloyds TSB, notably by making a £17 billion (€19billion) capital injection in the bank, which gave the UK State 43.5% ownership of Lloyds Banking Group.

...

The non-confidential version of the decision will be made available under the case number N428/2009 in the State Aid Register on the DG Competition website once any confidentiality issues are resolved. New publications of state aid decisions on the internet and in the Official Journal are listed in the State Aid Weekly e-News .

See also MEMO/09/507 .



En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Wed Nov 18th, 2009 at 11:17:15 AM EST
[ Parent ]
European Commission: State aid: Commission approves ING restructuring plan and illiquid asset back-up facility
Competition Commissioner Neelie Kroes said: " I am satisfied that the Dutch authorities have adapted the terms of the illiquid asset back-up facility via an additional agreement to bring them into line with EU state aid rules. The restructuring plan is adequate to restore ING's viability, ING is financing a significant share of the restructuring costs and distortions of competition caused by the aid measures are sufficiently addressed."

...

The Commission's doubts as regards the illiquid asset back-up facility have been allayed by a series of commitments made by the Dutch authorities to bring the conditions of the measure in line with the Commission guidelines (see IP/09/322 ). In particular, The Netherlands made the commitment to increase the remuneration in relation to the transaction to be paid by ING by €1.3 billion via an additional payment.

...

The non-confidential version of the decision will be made available under the case number in the State Aid Register on the DG Competition website . New publications of state aid decisions on the internet and in the Official Journal are listed in the State Aid Weekly e-News .

See also MEMO/09/507 .



En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Wed Nov 18th, 2009 at 11:18:25 AM EST
[ Parent ]
"illiquid asset back-up facility" = "bad bank" or financial drain cleaner?

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer at eurotrib.com) on Wed Nov 18th, 2009 at 05:41:02 PM EST
[ Parent ]
European Commission: State aid: Commission approves asset relief and restructuring package for KBC
Competition Commissioner Neelie Kroes said "The in-depth restructuring of KBC will restore its long-term viability and limit distortions of competition, while at the same time taking into account financial stability concerns. I am therefore satisfied that, through close cooperation with the Belgian authorities, we have managed to strike the right balance."

...

KBC has received three aid measures:

  • a recapitalisation of €3.5 billion

  • a second recapitalisation of another €3.5 billion and

  • an asset relief measure on a portfolio containing Collateralised Debt Obligations (CDOs).

The Commission temporarily approved the first recapitalisation on 18 December 2008 (see IP/08/2033 ) and the other two measures on 30 June 2009 (see IP/09/1063) , while simultaneously opening an in-depth investigation into several aspects of the asset relief measure. The final approval of the measures was conditional upon the presentation of a restructuring plan capable of restoring the long term viability of the bank without continued state support.

...

The non-confidential version of the decision will be made available under the case number C18/2009 in the State Aid Register on the DG Competition website once any confidentiality issues have been resolved. New publications of state aid decisions on the internet and in the Official Journal are listed in the State Aid Weekly e-News .

See also MEMO/09/507 .



En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Wed Nov 18th, 2009 at 11:20:42 AM EST
[ Parent ]
hopefully she and elisabeth warren are on each others' speed dials.

banning men from banking for ten years would probably do more for the world economy than anything else, pace helen...

"Two wrongs don't make a right, but three lefts do." Jim Hightower

by melo (melometa4(at)gmail.com) on Wed Nov 18th, 2009 at 10:22:24 PM EST
[ Parent ]
EUROPA - Press Releases - September 2009 compared with August 2009Construction output down by 1.1% in both the euro area and the EU27
In the construction sector, seasonally adjusted production 1 decreased by 1.1% in both the euro area 2 (EA16) and the EU27 2 in September 2009, compared with the previous month. In August 3 , production rose by 0.1% in the euro area , but fell by 0.1% in the EU27 .

Compared with September 2008, output in September 2009 dropped by 8.0% in the euro area and by 9.4% in the EU27 .

These first estimates are released by Eurostat, the Statistical Office of the European Communities .



En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Wed Nov 18th, 2009 at 11:28:24 AM EST
[ Parent ]
it's too bleedin' hot to do so much construction in most of europe, duh.

"Two wrongs don't make a right, but three lefts do." Jim Hightower
by melo (melometa4(at)gmail.com) on Wed Nov 18th, 2009 at 10:25:24 PM EST
[ Parent ]
So look at the interannual comparison
Compared with September 2008, output in September 2009 dropped by 8.0% in the euro area and by 9.4% in the EU27


En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Thu Nov 19th, 2009 at 05:25:29 AM EST
[ Parent ]
Chance of Great Depression Now 5%... - J. Bradford DeLong's Grasping Reality with All Eight Tentacles
We could cushion the impact of another big downward shock by a lot more deficit spending--unemployment, after all, goes down whenever anybody spends more (even though sometimes falling unemployment comes at too-high a price in rising inflation), and the government's money is as good as anybody else's. But the centrist Democratic legislative caucus has now dug in its heels behind the position that we cannot undertake more deficit spending right now because we have a dire structural health-care financing proble afrer 2030. The Republican legislative causes has now dug in its heels behind the position that the fact that unemployment is 10% shows not that policy earlier this year was too cautious but rather that it was ineffective. And the Obama administration has not been able or has not tried to move either of those groups out of their current entrenchments.

We could cushion the impact of another big downward shock by recapitalizing the banks again. But the failure of the Fed and the Treasury in the aftermath of Lehman to grab a share of the upside from its capital injection and purchase operations for the public in the form of warrants means that there is no coalition anywhere for a repeat or anything like a repeat of propping-up the banking system: the right thinks it is an unwarranted intervention in the free market, the left thinks that it is a giveaway to the undeserving and feckless superrich, and the center is bewildered because it is an enormous and poorly-structured intervention in the market, it is a giveaway to the undeserving and feckless superrich, and the optics are terrible.

So if another big bad shock hits the U.S. economy, what could the Obama administration possibly do?

(h/t Krugman)

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Wed Nov 18th, 2009 at 11:46:01 AM EST
[ Parent ]
So if another big bad shock hits the U.S. economy, what could the Obama administration possibly do?

LET IT ALL IMPLODE.  At least then, eventually, we could start rebuilding. All current policies are doing is staving off failure by throwing more and more of the future into the black hole of ponzi finance that is what Wall Street has become, attempting to save the banksters from the consequences of their own actions. The problem is that no one will recognize and write down bad debt, (The Masters of the Universe will not willingly take a loss), and the steps the Fed and Treasury have taken to prevent failures are paralyzing the economy for all other purposes.  The Vampire Squids are out of food and must be allowed to die.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer at eurotrib.com) on Wed Nov 18th, 2009 at 05:56:05 PM EST
[ Parent ]
if the economy goes south in a big way, of course they will try and prop up the villains further, they got away with it once, didn't they? they built no reverse gear function into their machine.

the perfect crime, the sequel is inevitable, the future's treasury is theirs for the taking, until the regular joes and janes have had enough of the 'treatment'.

the dollar will be worth 30 eurocents and pols swinging from the lamp-posts within 2-3 years unless reason returns to finance and they come off this drug of illusionary power peoples' sustained support and most importantly trust has given them these last decades.

meanwhile the machine just grinds on... while we we mentalise about how to try to put in a new tranny. hard to see how to do this till it comes to a shuffling or shuddering halt?

how much of the castle foundation of the world economy is built on bedrock, how much on sand?

"Two wrongs don't make a right, but three lefts do." Jim Hightower

by melo (melometa4(at)gmail.com) on Wed Nov 18th, 2009 at 10:40:00 PM EST
[ Parent ]
is that as the system is set up right now they will only die after having killed us all.

Governments could decapitate them by just cancelling their operating licences, but the chances of that happening are rather slim...

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Thu Nov 19th, 2009 at 04:35:48 AM EST
[ Parent ]
... the system is set up right now they will only die after having killed us all.

Somebody has it RIGHT !!!

Enough of this "the system will change ... the bad guys will die" senseless optimism.  How many times do I have to say this ... now pay attention ...

You are nothing but CATTLE to them !!

Dangerous cattle if you ever got organized but still cattle.

I love the smell of roast chicken in the morning!

by THE Twank (yatta blah blah @ blah.com) on Thu Nov 19th, 2009 at 12:26:42 PM EST
[ Parent ]
THE Twank:
You are nothing but CATTLE to them !!
Sounds like a primer on playing Travian.

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Thu Nov 19th, 2009 at 12:29:49 PM EST
[ Parent ]
Krugman:

we've greatly increased the chance of a Japanese-style lost decade, with I would now give roughly even odds of happening. Why? Because bank-friendly policies have squandered public trust in all government action: try talking to the general public about stimulus, and it's all confounded in their minds with the deeply unpopular bailouts.

That's OK, Sarah Palin will come along and start World War III.  We'll either have a recovery with that or the world will be obliterated.  Either way, it is a win-win situation.

"Beware of the man who does not talk, and the dog that does not bark." Cheyenne

by maracatu on Wed Nov 18th, 2009 at 05:59:19 PM EST
[ Parent ]
The Twank, i command you to leave maracatu's body!

:)

"Two wrongs don't make a right, but three lefts do." Jim Hightower

by melo (melometa4(at)gmail.com) on Wed Nov 18th, 2009 at 10:28:26 PM EST
[ Parent ]
Really ?!!! Am I THAT transparent?  Hey, catch this.  I read at Newser that there's a chance for a Palin/Glenn Beck ticket.  I swear, I get an erection just thinking about it.

I love the smell of roast chicken in the morning!
by THE Twank (yatta blah blah @ blah.com) on Thu Nov 19th, 2009 at 12:30:08 PM EST
[ Parent ]
Migeru:
So if another big bad shock hits the U.S. economy, what could the Obama administration possibly do?

Like widespread debt defaults by companies bought by private equity firms:

Joshua Kosman, Predicting The Next Credit Crisis : NPR

Joshua Kosman: Private investors this decade, for these private equity firms, used the same cheap credit that caused the housing bubble to buy 3,100 U.S. companies. Those companies employ one out of every 10 Americans, about seven and a half it was 10 million people. They've resold some of those companies, so say today it's about seven and a half million people.

So private equity firms are the largest employers in the country when you combine the companies they own by a mile, bigger than Wal-Mart, bigger than anybody.

The cheap credit that was used to buy these companies, a lot of the debt on that is starting to come due just now, and it will do so over the next few years. The Boston Consulting Group, a pretty conservative organization, predicts that half of those companies will default on their debt by the end of 2011. If that comes to pass

Terry Gross: That's half of the companies that were purchased by private equity firms?

Joshua Kosman: That's right. That's right, so half of that exactly. So if half of those companies, so roughly 1,500 U.S. companies, end up filing for bankruptcy, and those companies fire about 50 percent of their workers, not the most aggressive estimates, you've got about 1.9 million people unemployed. That's a huge hit.

Now, beyond that, you know, and that obviously reduces consumer spending, means more home foreclosures, all sorts of problems, the companies that are will be falling into will be defaulting owe about $1 trillion in debt. And if a significant amount of those loans become worthless, that'll cause a freeze in lending.

<...>

Terry Gross: So has there been any problem yet? Have people lost money on their CLOs, or is this something that you think might happen sometime in the future, maybe?

Joshua Kosman: I think mostly this is something that very likely will happen and is starting to happen but has not happened yet. I mean, this year kind of quietly, for the last 12 months, we've had an 11 percent default rate in this country. That's near-historic highs. And half of the companies that have defaulted, it's about 175 companies so far, have had private equity involvement. Those are companies like Chrysler, like Reader's Digest, like Simmons mattress that we talked about before. So unfortunately, the tsunami of defaults is already starting.



La Chine dorme. Laisse la dormir. Quand la Chine s'éveillera, le monde tremblera.
by marco (cowannar at gmail punkt com) on Thu Nov 19th, 2009 at 03:00:37 AM EST
[ Parent ]
Housing Prices Have Fallen Significantly Towards the Trend   Jesse's Café Américain

The numbers above are nominal prices, and then adjusted for inflation using some governmental measure presumably.
One appears to be based on median prices, and the other on total transactions.


At least we MAY be approaching trend values for residential real estate in the USA. Unanswered is if we will resume the downward drop after the recent slight up-tick and gently kiss the trend line before rejoining it, shoot straight through it towards a deflationary over-correction, shoot through it and start back up, buoyed by a new bubble, overshoot and level out, etc. The possibilities, theoretically, are endless. Actuality, I fear, favors the less optimistic possibilities, given the priorities of those in control.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer at eurotrib.com) on Wed Nov 18th, 2009 at 09:51:25 PM EST
[ Parent ]
In France, the best graph illustrating the real estate bubble is put together by economist Jacques Friggit with a plot of the average home sale price with respect to household "available income" (i.e. after taxes and other mandatory withholding).

This method ("housing price / household income" ratio) has the advantage of integrating the effects of inflation and the general household revenues growth over the past decades and really illustrate the proportion of their income the French people must "devote" to housing.

The green plot is the "number of home sales with respect to their long term trend", and the black plot is "existing home sales price divided by household available income".

Friggit noted that over the past fifty years this ratio has been within plus or minus 10% of its long term trend (immediately nicknamed "the Friggit tunnel"), until 2002. The ratio peaked above 1.7 in 2007 and, after some hesitation, is now firmly plunging back.

You'll also note that the green plot (number of transactions) has historically anticipated the black plot (sale price vs income), and it's been firmly in coyote-over-the-Grand-Canyon mode for two years now.

We know where the housing prices are headed for the next couple of years. A large number of French households who have acquired their home at bubble inflated prices with thirty years plus mortgages, fueled by cheap credit, now run the risk of negative equity should they have to sell in emergency.



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

by Bernard on Thu Nov 19th, 2009 at 06:36:57 AM EST
[ Parent ]
This is excellent stuff!

Bernard:

You'll also note that the green plot (number of transactions) has historically anticipated the black plot (sale price vs income), and it's been firmly in coyote-over-the-Grand-Canyon mode for two years now.
This means that, if you plotted price against volume and represented the time coordinate by labelling the points of the curve, you would observe the system moving counter-clockwise in the diagram. This is typical of all bubbles.

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Thu Nov 19th, 2009 at 06:41:17 AM EST
[ Parent ]
Migeru:
if you plotted price against volume and represented the time coordinate by labelling the points of the curve, you would observe the system moving counter-clockwise in the diagram. This is typical of all bubbles.

Well, waddya know: there are such "escargot" diagrams available (we French love fancy graphs as much as the next guy, non mais! :)

Here's one from 1985 to 2005 (inflation adjusted), from the Bulle Immobilière forum; it mostly shows the 1990's bubble:

And a more recent one, up to e/o 2008:

If you like Jacques Friggit's work, you'll find all his documents in English on this page, including international comparisons with the UK and the USA (sadly, not with Spain).

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

by Bernard on Thu Nov 19th, 2009 at 08:21:16 AM EST
[ Parent ]
That first chart was indeed posted on ET two or three years ago, thanks.

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Thu Nov 19th, 2009 at 08:56:19 AM EST
[ Parent ]
His chart showing comparisons including the USA, which I cannot get to embed, was surprising at first, as the increase in the USA was much less than that shown for France, the UK, etc., while the value of my home in California increased by ~275% from '99 to '06. But then I realized that his data may account for the drop in purchasing power of the middle class in the USA.  Was this drop that much more severe in the USA than in the U.K. and France or is their data different?

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer at eurotrib.com) on Thu Nov 19th, 2009 at 12:26:50 PM EST
[ Parent ]
Well, USA are really two countries: Flatland and Zonedland

And the price increase was purely in Zonedland, but when you average it it doesn't look as big as it was.

OK, I'm channelling Krugman here, but that's the idea.

"Few can believe that suffering, especially by others, is in vain. - Galbraith"

by Cyrille (cyrillev domain yahoo.fr) on Thu Nov 19th, 2009 at 12:50:32 PM EST
[ Parent ]
Good point. LA is different. They aren't making any more areas with Mediterranean climate just now, and the Angeles Crest and San Gabriel Mountains are far more permanent than any zoning regulations. Much more than 20 miles from the sea and you loose much of the marine air effect.

One would think I would realize this, having moved from the San Fernando Valley to a Mid-South vacation and retirement area where the cost of real estate was ~20% of that in Northridge. But then, does not France and the U.K. also exhibit Flatland and Zonedland differences? Why are the leveling effects so pronounced only in the US?

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer at eurotrib.com) on Thu Nov 19th, 2009 at 02:09:51 PM EST
[ Parent ]
I don't know 'bout across the channel, but in France it's all zonedLand for practical purposes. First, the density in France is pretty much the same as in the NorthEast ; also, the legal environment is such that land has to be designed as buildable before one can build a house on it - and the mayors are hand in hand with the large land owners to make sure the scarcity of buildable land is not reduced.

Un roi sans divertissement est un homme plein de misères
by linca (antonin POINT lucas AROBASE gmail.com) on Fri Nov 20th, 2009 at 02:50:16 AM EST
[ Parent ]
There are "Flatland" areas in France too: rural (and often mountainous, so not so flat) areas where the population has been steadily decreasing since WWII.

The bulk of France population-wise is indeed Zonedland: major metropolitan areas, especially in the Southern half of the country.

The previous RE bubble in the 90's was mostly limited to the Paris metropolitan area. This bubble is more egalitarian (progress at last!): all medium and large cities and associated exburbs were affected.

Meanwhile, in Germany, there was no RE bubble at all. Property prices have even slightly decreased if I'm not mistaken.

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

by Bernard on Fri Nov 20th, 2009 at 06:46:02 AM EST
[ Parent ]
So, my question about the relative difference between the graphs for the US and UK-FR remain. It looked to me almost like a scale problem.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer at eurotrib.com) on Fri Nov 20th, 2009 at 09:43:55 AM EST
[ Parent ]
or are there clear necessary and sufficient criteria for identifying them?

FT.com / China / Economy & Trade - Fears of China property bubble

Urban property prices in 70 big and medium-sized Chinese cities rose 3.9 per cent in October from a year earlier, accelerating from September's 2.8 per cent rise, according to government figures.

Price rises in top-tier markets such as Beijing and Shanghai have been much faster. Analysts say the rebound has largely been driven by an unprecedented government-led expansion of bank lending. It is also being driven by government policies, including tax breaks, low interest rates and smaller down-payment requirements. 

Investment in real estate development, a key driver of economic growth, rose 18.9 per cent in the first 10 months of the year on a year earlier, a marked acceleration from 17.7 per cent growth in January-September.

Ms Zhang said the current speculation should be a serious warning for the industry and the general economy.

"In Manhattan, they have vacancy rates of 10-15 per cent and they feel like the sky is falling, but in Pudong [the central business district in Shanghai] vacancy rates are as high as 50 per cent and they are still building new skyscrapers," she said.

On my street, there are a ridiculous number of real estate offices, literally one every two or three storefronts, with a dozen or so young agents sitting in each of them, mostly doing nothing, except surfing the web, chit-chatting, having a smoke.  It's surreal.

Then again, what do Chinese people have to do with their savings?  Real estate, the stock market, or the mattress.  The Chinese stock market is temperamental to say the least, but some people are still putting there money for lack of alternatives.  There is gold.  And more recently there is art as investment.  But real estate is definitely benefiting unnaturally and dangerously from this general lack of investment options, or so it seems to me.

And while the coastal urban areas are very different from the still poor interior of the country, this place definitely smells a lot like Tokyo circa 1987 or 88.

La Chine dorme. Laisse la dormir. Quand la Chine s'éveillera, le monde tremblera.

by marco (cowannar at gmail punkt com) on Wed Nov 18th, 2009 at 10:10:34 PM EST
[ Parent ]
Such an irony - Chinese would do anything to earn money, however small, and then they do not know what to do with savings?!

The West largely failed to introduce Christianity to Japan and China, but they succeeded to install the Real Estate and even the Stock Market religions everywhere.

by das monde on Thu Nov 19th, 2009 at 01:02:42 AM EST
[ Parent ]
The truth behind currency devaluation Todd Harrison, MarketWatch, WSJ

Deflation in a fractional reserve banking system means policymakers have, for all intents and purposes, lost control of the economy. It would also impact the top-tier of the societal spectrum tied to financial...assets, which would be problematic for politicians and the constituencies that bankroll them. Election aspirations, however, may be the least of the concerns; this economic maelstrom is bigger than any particular political agenda.

Policymakers understand the enormous stakes given our derivative-laced finance-based economy. They've postured, positioned and proffered assurances, pulling out all the stops in an attempt to flush the system with liquidity despite the clear and present danger of a total system unwind, with currency markets possibly providing the release value.

....

As the world reserve currency lost 38% since 2002, foreign holders of dollar-denominated assets have grown increasingly frustrated with the status quo. Liu Mingkang, chairman of the China Banking Regulatory Commission, and Don Tsang, Chief Executive of Hong Kong, are among the latest leaders to voice displeasure, warning of "unavoidable risks" and "the next global crisis," respectively.

....

Asset classes continue to trade as a monolithic monster on the other side of the dollar. We call this dynamic "asset class deflation vs. dollar devaluation"...and while both sides of the equation can decline, they would be hard pressed to rally in sync. That's important to remember, particularly as the carry trade becomes part of the mainstream lexicon.



As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer at eurotrib.com) on Wed Nov 18th, 2009 at 10:51:20 PM EST
[ Parent ]
Is Goldman Sachs About To Drag Down The Federal Reserve?   Tyler Durden  Zero Hedge

Goldman Sachs, which lately has been caught in a toxic spiral of potential misrepresentations (courtesy of the SIGTARP report which plainly refuted the firm's claims that it was not on the hook vis-a-vis AIG, and by the way, Ms. Tavakoli, we are waiting for you to retract your apology to the 85 Broad team) and horrendous PR (first Blankfein apologizing for something, then Gasparino telling Lloyd he should step down), may be the final straw that finally breaks open the Fed's "book of death" (for the middle class, f/k/a "book of life" for the banker cartel). Ahead of tomorrow's hearings on various Fed transparency initiatives, Rep. Elijah Cummings is calling for a complete tear down of the existing Fed structure, and demands an overhaul to the "minimal accountability" that the Fed is subject to courtesy of the current Wall Street perpetuated (and lobbied) status quo.

....

...it would be sadly ironic if it ends up being Goldman Sachs that gets the fed into the pickle of complete transparency. At the end of the day, if we want to even have a chance of preventing another system collapse, one of the two has to happen: i) Goldman has to be dismembered, with the very least being its prop trading being ripped apart from the firm's agency core operations, or ii) the Fed has to be not only audited, but to provide constant information on who it is that is the recipient of generous taxpayer bailouts day in and day out, as well as what securities make up the collateral the various bail out programs, as well as what marks these securities are ascribed by the Fed's less than spectacular trading desk. No exceptions. If neither of these changes, and the status quo persists, then another occurrence of an AIG type blow up is not a question of if but when.


Dare we hope that, as Todd Harrison of the WSJ put it above: "Election aspirations, however, may be the least of the concerns; this economic maelstrom is bigger than any particular political agenda.???  If the dragon be slain, it will not contribute to anyone, and remaining dragons might offer you tribute in return for surviving another day. If this and other dragons be slain AND the Fed be reformed, we might have a future after all.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer at eurotrib.com) on Wed Nov 18th, 2009 at 11:18:00 PM EST
[ Parent ]
 WORLD 


En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Wed Nov 18th, 2009 at 10:28:26 AM EST
EU to train Somali security forces - UPI.com
EU foreign policy chief Javier Solana told a Brussels news conference that Somali security forces have asked for special training to fight against the growing armed insurgency in their country, the EUobserver reports.

Solana said the training would not be a big operation.

"It will probably be in the hundreds, not the thousands," he said Tuesday.



En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Wed Nov 18th, 2009 at 10:42:03 AM EST
[ Parent ]
EUobserver / EU agrees to train Somali forces
Spain has proposed to lead the new EU training mission, with a possible start date being the first half of next year under the Spanish presidency of the EU.

Madrid would run a mission headquarters in Brussels and take care of logistics, finance and infrastructure, with a number of EU member states indicating a willingness to lend troops.

The meeting of defence ministers also threw up a range of concerns, including the need to prevent the newly trained forces becoming a danger to Somali civilians in the future.



En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Wed Nov 18th, 2009 at 10:42:41 AM EST
[ Parent ]
Pirates in shoot out over multi-million-dollar ransom - CNN.com
"There was a heavy exchange of gunfire between some of our friends" one pirate told the local journalist, speaking of the other pirates.

"They fought over the 3 million euro ($4.5 million) received as a ransom from the Spanish boat."

At least two pirates were wounded in the gunfight in Harardhere, a pirate stronghold in central Somalia, the local journalist told CNN.



En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Wed Nov 18th, 2009 at 10:44:38 AM EST
[ Parent ]
FT.com / Europe - Spanish opposition questions pirate ransom
Soon after the Alakrana, a Basque tuna-fishing vessel, and its 36 crew were freed on Tuesday, the Spanish opposition Popular party challenged the government to explain how the kidnapping happened and how it was resolved. Sixteen of the crew are Spanish. EDITOR'S CHOICESomali pirates seize arms shipment - Nov-09Somali pirates seize Chinese carrier - Oct-19

"The time has come for the government to speak," Soraya Sáenz de Santamaría, PP parliamentary spokeswoman, said in a television interview on Wednesday.

"Now that they [the crew] are safe and sound, we must insist that the government take responsibility for how the kidnapping began, for how it was managed and for everything that needs to be done to ensure that cases like the Alakrana don't happen again."



En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Wed Nov 18th, 2009 at 10:45:05 AM EST
[ Parent ]
Seized tanker's captain dies, Alabama attacked again | U.S. | Reuters

There was a pause in hijackings during monsoon rains, but Somali sea gangs have stepped up attacks in the past two months, especially off the Seychelles as the pirates extend their range to evade navies patrolling off the Horn of Africa.

...

The European Union naval force EU Navfor force operating in the area said on Tuesday that pirates had seized the 22,294 DWT tanker MV Theresa VIII 180 nautical miles northwest of the Seychelles with 28 North Korean crew on board.

...

The European force said gunmen opened fire on the Maersk Alabama with automatic weapons on Wednesday morning, but a security detachment with the huge container ship responded and the vessel managed to escape with no casualties reported.



En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Wed Nov 18th, 2009 at 10:56:15 AM EST
[ Parent ]
"It will probably be in the hundreds, not the thousands," he said Tuesday.

LOL! What will be in the hundreds is the number of trainees who actually attempt to perform the functions for which they will be trained, but they will likely be a decided minority of the trainees. And in order to be effective they HAVE to be a danger to the warlords and their followers, any of whom, if killed, will immediately be "civilians".  

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer at eurotrib.com) on Wed Nov 18th, 2009 at 06:08:32 PM EST
[ Parent ]
The hundreds refers to the EU troops doing the training. There is talk of training 2000 to 8000 Smali troops, but also worries that they would defect to the pirate gangs.

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Wed Nov 18th, 2009 at 06:23:30 PM EST
[ Parent ]
Training government forces against an insurgency?  What government?  You can't have an insurgency in a situation of anarchy, because the word implies that there is someone to be insurgent against.  Somalia almost had a government, which had quite nicely dealt with the pirate problem - too bad the US decided it was a bit too Islamic for its tastes.
by Zwackus on Thu Nov 19th, 2009 at 06:56:26 AM EST
[ Parent ]
War in Somalia (2009-) - Wikipedia, the free encyclopedia
The 2009-present phase of the Somali Civil War is concentrated in southern Somalia. It began in early February 2009, with the conflict between, on the one hand, the forces of the Somali Transitional Federal Government assisted by African Union peacekeeping troops, and on the other, various militant Islamist factions. The violence has displaced thousands of people residing in Mogadishu, the nation's capital.



En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Thu Nov 19th, 2009 at 07:04:50 AM EST
[ Parent ]
So, yeah, it's a battle between the indigenous warlords and the foreigners sent in to stabilize the country.  Just because they are there doesn't make them a government, any more than when the "transitional" government was propped up by Ethiopian troops.
by Zwackus on Thu Nov 19th, 2009 at 04:46:13 PM EST
[ Parent ]
Sounds like Afghanistan...

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Thu Nov 19th, 2009 at 04:50:57 PM EST
[ Parent ]
We're going to miss Guantanamo deadline, Obama admits - Times Online
The admission confirmed widespread speculation about a process plagued by legal and logistical obstacles from the start. Though not a surprise, it will provide Mr Obama's critics with more evidence that he has so far promised more than he can deliver.

Mr Obama "knew this was going to be hard," he told Fox News in China before leaving for South Korea. In a separate interview with NBC he argued that many deadlines on which he was reported to be slipping had been set by the media, not his administration, but he acknowledged that on Guantanamo "We had a specific deadline that was missed."

Nothing symbolised the new President's resolve to break with the policies of his predecessor more clearly than his order on January 22 that the detainee camp be closed by January 2010.



En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Wed Nov 18th, 2009 at 11:05:13 AM EST
[ Parent ]
This is a major advance in candor! The general rule is that missing a deadline will only be acknowledged, if at all, when that deadline has in fact been missed.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer at eurotrib.com) on Wed Nov 18th, 2009 at 06:10:34 PM EST
[ Parent ]
Having already admitted this week that he would miss the Copenhagen climate conference deadline, he decided to go for broke, I guess...

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Wed Nov 18th, 2009 at 06:25:04 PM EST
[ Parent ]
VOA News - Obama: Israeli Settlement Construction Could be 'Dangerous'
In an interview Wednesday with U.S. news station Fox News, Mr. Obama said additional settlement building could make it harder for Israel to make peace with its neighbors.

He added that he thinks such action, in his words, "embitters the Palestinians in a way that could end up being very dangerous."

Israeli officials announced plans Tuesday to construct 900 new housing units in east Jerusalem.


En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Wed Nov 18th, 2009 at 11:05:51 AM EST
[ Parent ]
This is really turning out to be a bad joke.  I don't even bother reading the news anymore.

"Beware of the man who does not talk, and the dog that does not bark." Cheyenne
by maracatu on Wed Nov 18th, 2009 at 06:34:35 PM EST
[ Parent ]
Nov 17 (Reuters) - Renewable energy company Ram Power Corp (RPG.TO) said the World Bank's International Finance Corporation (IFC) has proposed to arrange $216 million in debt financing for the company's 72 megawatt geothermal project in Nicaragua.


"Beware of the man who does not talk, and the dog that does not bark." Cheyenne
by maracatu on Wed Nov 18th, 2009 at 06:51:32 PM EST
[ Parent ]
Latin America accepts EU proposal to end 'banana wars' (Spanish article)

"Beware of the man who does not talk, and the dog that does not bark." Cheyenne
by maracatu on Wed Nov 18th, 2009 at 06:54:31 PM EST
[ Parent ]
Summary in English?

*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 Nov 19th, 2009 at 07:08:25 AM EST
[ Parent ]
Prensa Libre - Edición electrónica - Economia
Los países de América Latina productores de banano aceptaron la propuesta de la Unión Europea (UE) de rebajar el arancel a la importación de ese producto de 176 a 114 euros la tonelada en forma gradual hasta 2017, indicaron hoy fuentes diplomáticas latinoamericanas en la OMC.The Latin American banana-producing countries accepted the EU's proposal to reduce import tariffs on that product from €176 to €114 per ton, gradually up to 2017, according to Latin American diplomatic sources in the WTO.


En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Thu Nov 19th, 2009 at 07:16:23 AM EST
[ Parent ]
Ruling on Katrina Flooding Favors Homeowners NYT

NEW ORLEANS -- A federal judge found Wednesday evening that poor maintenance of a major navigation channel by the Army Corps of Engineers led to some of the worst flooding after Hurricane Katrina. The ruling was a major victory for homeowners who suffered damage in the aftermath of the storm.

It was the first time that the government has been held liable for any of the flooding that inundated the New Orleans area after Aug. 29, 2005, vindicating the long-held contention of many in the region that the flooding was far more than an act of God.

If upheld, the ruling could force the federal government to pay tens of millions of dollars, if not more, to homeowners whose property was lost or damaged by water from the navigation canal, the Mississippi River-Gulf Outlet, known as MR-GO (pronounced Mister Go).

"It is the court's opinion that the negligence of the corps, in this instance by failing to maintain the MR-GO properly, was not policy, but insouciance, myopia and shortsightedness," wrote Judge Stanwood R. Duval Jr. of Federal District Court.



As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer at eurotrib.com) on Thu Nov 19th, 2009 at 01:03:40 AM EST
[ Parent ]
House Financial Services Committee OKs powers to break up large firms  The Hill

A key House panel voted on Wednesday to give the federal government broad new powers that could be used to break up large financial firms before they fail. The House Financial Services Committee voted 38-29 to support an amendment sponsored by Rep. Paul Kanjorski (D-Pa.) that drew strong objections from Republicans and wariness from some centrist Democrats.

Kanjorski said his amendment to the sweeping financial overhaul legislation was inspired by a belief that lawmakers would not vote for future emergency bailout funds like they did a year ago with the $700 billion bailout package. "We've gone to the edge. We've almost seen a world meltdown. What I'm saying is before we get back into those circumstances, we're going to cure that," Kanjorski said.

....

The Kanjorski measure requires federal regulators to look closely at the 50 largest financial firms by assets and determine whether their size, scope, interconnectedness and other factors need additional regulation. Regulators would then be able to impose stricter regulations, limit a firm's ability to merge and also possibly sell or divest parts of the firm. Companies would be able to submit their own business plans, subject to approval from a council of regulators in advance of the government taking action.


Slowly some important pieces are coming into play. This bill seems far from perfect, but it is a start. An anti-trust action would be a very blunt instrument and would get horribly drug out. What is needed is a quick bullet to the brain for GS and JPM followed by expeditious and sanitary disposal of the bodies.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer at eurotrib.com) on Thu Nov 19th, 2009 at 01:32:39 AM EST
[ Parent ]
Robert B. Reich: China and the American Jobs Machine - WSJ.com

But in fact China is heading in the opposite direction of "rebalancing." Its productive capacity keeps soaring, but Chinese consumers are taking home a shrinking proportion of the total economy. Last year, personal consumption in China amounted to only 35% of the Chinese economy; 10 years ago consumption was almost 50%. Capital investment, by contrast, rose to 44% from 35% over the decade.

China's capital spending is on the way to exceeding that of the U.S., but its consumer spending is barely a sixth as large. Chinese companies are plowing their rising profits back into more productive capacity--additional factories, more equipment, new technologies. China's massive $600 billion stimulus package has been directed at further enlarging China's productive capacity rather than consumption. So where will this productive capacity go if not to Chinese consumers? Net exports to other nations, especially the U.S. and Europe.

My emphasis.

Europeans think a hundred miles is a long way. Americans think a hundred years is a long time.
by Bernard on Thu Nov 19th, 2009 at 05:36:39 AM EST
[ Parent ]
IMO they are wrong.

Capital investment, by contrast, rose to 44% from 35% over the decade.

Why oh why assume that 100% of that is private investment in factories producing for export? What about China's massive government-funded infrastructure program? Rail, high-speed rail, subways, motorways, roads, airports, power plants and land lines.

*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 Nov 19th, 2009 at 06:57:22 AM EST
[ Parent ]
Not all of them, of course, just those whose parents were married after 2005. This isn't meant as a value judgement, just a statement of fact. From McClatchy
Barbara Ann Radnofsky, a Houston lawyer and Democratic candidate for attorney general, says that a 22-word clause in a 2005 constitutional amendment designed to ban gay marriages erroneously endangers the legal status of all marriages in the state.

The amendment, approved by the Legislature and overwhelmingly ratified by voters, declares that "marriage in this state shall consist only of the union of one man and one woman." But the troublemaking phrase, as Radnofsky sees it, is Subsection B, which declares:

"This state or a political subdivision of this state may not create or recognize any legal status identical or similar to marriage."

Architects of the amendment included the clause to ban same-sex civil unions and domestic partnerships. But Radnofsky, who was a member of the powerhouse Vinson & Elkins law firm in Houston for 27 years until retiring in 2006, says the wording of Subsection B effectively "eliminates marriage in Texas," including common-law marriages.


by gk (g k quattro due due sette "at" gmail.com) on Thu Nov 19th, 2009 at 11:16:43 AM EST
[ Parent ]
Beat you to it by 10 hrs. ;-)  (See Living On The Planet below.)

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer at eurotrib.com) on Thu Nov 19th, 2009 at 12:19:35 PM EST
[ Parent ]
You're right... I wonder how I missed it.
by gk (g k quattro due due sette "at" gmail.com) on Thu Nov 19th, 2009 at 12:27:57 PM EST
[ Parent ]
Probably the same way I have missed similar things.  :-)

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer at eurotrib.com) on Thu Nov 19th, 2009 at 02:11:36 PM EST
[ Parent ]
 LIVING OFF THE PLANET 
 Environment, Energy, Agriculture, Food 


En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Wed Nov 18th, 2009 at 10:29:39 AM EST
EUROPA - Press Releases - Commissioner Piebalgs welcomes political agreement on energy performance of buildings
The agreement reached yesterday by representatives of the Council and the European Parliament retains the key aspects of the Commission proposal presented in 2008. The recast proposal aims at extending the scope and strengthening the current Directive by setting a legal framework to upgrade the national building codes and by launching an ambitious policy of nearly zero energy buildings, so that all new buildings will be nearly zero energy as of 2020. As for existing buildings, Member States will also draw up national plans to increase the number of nearly zero energy buildings.

Moreover, the recast Directive also improves the information provided to consumers in the buildings energy performance certificate. Not only the energy performance certificate shall be shown to the prospective new tenant or buyer of the building, but the energy performance indicator of the building shall be stated in the sale or rental advertisements.

Buildings are responsible for 40% of energy consumption and 36% of EU CO2 emissions. It is estimated that, by strengthening the provisions of the Directive on energy performance, the EU could achieve a reduction in its greenhouse gas emissions equivalent to 70% of the current EU Kyoto target. In addition to this, these improvements could save citizens around 300€ per annum per household in their energy bills, while boosting the construction and building renovation industry in Europe.



En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Wed Nov 18th, 2009 at 11:27:15 AM EST
[ Parent ]
Pfizer enters tropical disease drug partnership - BusinessWeek
Pfizer and the Drugs for Neglected Diseases initiative announced the collaboration Wednesday. The DNDi scientists will screen Pfizer drug candidates to see if they are effective against sleeping sickness -- also called human African trypanosomiasis -- visceral leishmaniasis, and Chagas disease.
So, the NGO will test the drugs for free while Pfizer retains the patents so they can make money from them if they are found to be effective?

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Wed Nov 18th, 2009 at 12:25:47 PM EST
[ Parent ]
Sounds about right.  About the best that can be hoped is that there is some agreement for Phizer not to gouge excessively in this new market, if found.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer at eurotrib.com) on Wed Nov 18th, 2009 at 06:23:42 PM EST
[ Parent ]
The reputational risk for Pfizer is huge.

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Wed Nov 18th, 2009 at 06:25:39 PM EST
[ Parent ]
SpaceWeather.com -- News and information about meteor showers, solar flares, auroras, and near-Earth asteroids
GREAT FIREBALL: A remarkable midnight fireball that "turned night into day" over parts of the western United States last night was not a Leonid. Infrasound measurements suggest a sporadic asteroid not associated with the Leonid debris stream. The space rock exploded in the atmosphere with an energy equivalent to 0.5 - 1 kilotons of TNT. Approximately 6 hours later, observers in Utah and Colorado witnessed a twisting iridescent-blue cloud in the dawn sky. Debris from the fireball should have dissipated by that time, but the cloud remains unexplained;


If you're not part of the solution, you're part of the precipitate.
by ceebs (ceebs (at) eurotrib (dot) com) on Wed Nov 18th, 2009 at 05:04:05 PM EST
[ Parent ]
Tunguska 2.0?

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Wed Nov 18th, 2009 at 06:01:57 PM EST
[ Parent ]
Perhaps Tunguska 0.2.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer at eurotrib.com) on Wed Nov 18th, 2009 at 07:39:19 PM EST
[ Parent ]
0.0.0.2 -- dime-a-dozen small fry.

*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 Nov 19th, 2009 at 07:00:36 AM EST
[ Parent ]
truly fascinating, check the video.

Skennah Kowa
by Crazy Horse on Thu Nov 19th, 2009 at 03:05:26 AM EST
[ Parent ]
Wow. Like an atmospheric detonation of a mini-nuke.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid (arvid.hallen at gmail.com) on Thu Nov 19th, 2009 at 03:08:58 AM EST
[ Parent ]
If everyone is in awe of this one, perhaps I should note that last month there was a much bigger one reported in Indonesia:

A 10-meter wide asteroid hits Earth and explodes in the atmosphere with the energy of a small atomic bomb. Frightened by thunderous sounds and shaking walls, people rush out of their homes, thinking that an earthquake is in progress. All they see is a twisting trail of debris in the mid-day sky:

This really happened on Oct. 8th around 11 am local time in the coastal town of Bone, Indonesia. The Earth-shaking blast received remarkably little coverage in Western press, but meteor scientists have given it their full attention. "The explosion triggered infrasound sensors of the Comprehensive Nuclear-Test-Ban Treaty Organization (CTBTO) more than 10,000 km away," report researchers Elizabeth Silber and Peter Brown of the Univ. of Western Ontario in an Oct. 19th press release. Their analysis of the infrasound data revealed an explosion at coordinates 4.5S, 120E (close to Bone) with a yield of about 50 kton of TNT. That's two to three times more powerful than World War II-era atomic bombs.

Bold mine. Click the link for video - can't seem to embed it.

by Nomad on Thu Nov 19th, 2009 at 04:46:10 AM EST
[ Parent ]
Perhaps you meant this video, it's far better.

wow, daytime.

Skennah Kowa

by Crazy Horse on Thu Nov 19th, 2009 at 05:35:51 AM EST
[ Parent ]
Jesus christ in a sandwich! 50 kT's! What wouldn't I do to se that upfront!

By the way, am I the only person here who'd like to see a live nuclear surface test, standing a few (or a lot of) kilometres away (depending on the yield)?

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

by Starvid (arvid.hallen at gmail.com) on Thu Nov 19th, 2009 at 05:55:50 AM EST
[ Parent ]
You can see a(n upside-down) mushroom cloud by dropping a droplet of lemon juice into a glass of water.

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Thu Nov 19th, 2009 at 06:04:16 AM EST
[ Parent ]
Was the global summit on food security worth the effort? | Europe | Deutsche Welle | 18.11.2009
With all but one of the G-8 leaders having failed to attend and no new financial commitments to ending hunger, the summit in Rome has left many wondering what purpose it served. 

The United Nations World Summit on Food Security in Rome had all the signs and trappings of a world-class summit: helicopters buzzing overhead for days, whole city blocks roped off to traffic, hundreds of police on guard, and crowds of well-heeled officials from around the globe.

Inside the huge, modern, monolithic Food and Agriculture Organization headquarters, just across the street from the ancient Roman Circus Maximus, leaders and diplomats from around the globe spoke one after another of the tragedy of hunger, which now affects over a billion people, more than ever before.

Yet despite pleas for action from everyone from Pope Benedict XVI to United Nations Secretary General Ban Ki Moon, no new commitments have come - neither for more money to bolster agriculture in developing nations, nor to the UN's proposed date of 2025 as the target for ridding the world of malnutrition. Instead, in a watered down statement, already released on the first day of the summit, nations pledged to try to cut world hunger in half by 2015 and said that eradicating hunger should come "at the earliest possible date."

by Fran (fran at eurotrib dot com) on Thu Nov 19th, 2009 at 12:40:21 AM EST
[ Parent ]
Poverty and starvation are features of a political and economic system, not bugs.  When the socio-political order declares that some people do not have a right to food, then no force on Earth can guarantee that they will have a regular source of food short of imprisoning them.  

This kind of problem cannot be eradicated except by changing those political and economic systems.  Recent experience shows that this cannot be done from the outside.  

by Zwackus on Thu Nov 19th, 2009 at 07:00:59 AM EST
[ Parent ]
Seas Grow Less Effective at Absorbing Emissions  NYT

The Earth's oceans, which have absorbed carbon dioxide from fuel emissions since the dawn of the industrial era, have recently grown less efficient at sopping it up, new research suggests.

Emissions from the burning of fossil fuels began soaring in the 1950s, and oceans largely kept up, scientists say. But the growth in the intake rate has slowed since the 1980s, and markedly so since 2000, the authors of a study write in a report in Thursday's issue of Nature.

The research suggests that the seas cannot indefinitely be considered a reliable "carbon sink" as humans generate heat-trapping gases linked to global warming.

The slowdown in the rise of the absorption rate resulted from a gradual change in the oceans' chemistry, the study found. "The more carbon dioxide the ocean absorbs, the more acidic it becomes and the less carbon dioxide it can absorb," said the study's lead author, Samar Khatiwala, a research scientist at the Lamont-Doherty Earth Observatory of Columbia University and a professor at the Georgia Institute of Technology.


If you thought acid lakes were a problem....

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer at eurotrib.com) on Thu Nov 19th, 2009 at 01:09:25 AM EST
[ Parent ]
BBC News - Energy saving bulbs 'get dimmer'

Energy-efficient light bulbs lose on average 22% of their brightness over their lifetime, a study has found.

In some cases they emit just 60% as much light as traditional models which are being phased out of shops, it says.

The study in Engineering and Technology magazine concluded that consumers were being misled by the bulbs' packaging.

Of the 18 energy-saving bulbs tested over 10,000 hours by the Institution of Engineering and Technology, three stopped altogether.



If you're not part of the solution, you're part of the precipitate.
by ceebs (ceebs (at) eurotrib (dot) com) on Thu Nov 19th, 2009 at 07:41:40 AM EST
[ Parent ]
 LIVING ON THE PLANET 
 Society, Culture, History, Information 


En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Wed Nov 18th, 2009 at 10:30:15 AM EST
European Commission: Midday Express
Friday 20 November 2009: With entrepreneurship education taking precedence in the EU policy agenda, ETF and its partners from sixteen pre-accession and Southern Mediterranean countries will gather at the University St. Kliment Ohridski in Bitola, in the Former Yugoslav Republic of Macedonia, to consider the outcomes of the first phase of an ETF pilot project which aims to determine the feasibility of policy indicators to promote entrepreneurship in higher education. The project is prompted by policy recommendations by the European Commission for promotion of entrepreneurship education beyond the business school, encompassing all faculties. About the ETF: The European Training Foundation (ETF) is an agency of the European Union that helps EU partner countries to reform their education and training systems, and so bring out the full potential of their people.


En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Wed Nov 18th, 2009 at 11:04:40 AM EST
[ Parent ]
EUROPA - Press Releases - Commission paper lays foundations of discussion to tackle the problem of anti-microbial resistance
Health Commissioner Androulla Vassiliou said: "Over the years, microbes have evolved and have become stronger thus making available treatments less effective. Serious diseases that were believed to be under control are re-emerging with a vengeance. The document published today, on the European Antibiotic Awareness Day, offers good food for thought. It lays the foundations for an open discussion that I hope will lead to concrete measures to combat AMR, which has turned into one of the most serious health risks in Europe."

...

Since the 1990s, when AMR recognised as a serious threat to public health, the Commission has launched different initiatives has developed tools to monitor the effect of these actions. In June 2008, the Health Council adopted conclusions on AMR calling the Commission to promote mutual cooperation between all Directorates General and concerned Agencies and to facilitate cooperation between the Member States on aspects of AMR.

The full text of the staff working paper can be found at:

http://ec.europa.eu/food/food/biosafety/salmonella/antimicrobial_resistance.pdf

For more information please visit:

http://ec.europa.eu/food/food/biosafety/salmonella/index_en.htm



En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Wed Nov 18th, 2009 at 11:25:52 AM EST
[ Parent ]
To what extent, if any, are antibiotics used in animal husbandry in Europe?

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer at eurotrib.com) on Wed Nov 18th, 2009 at 11:32:51 PM EST
[ Parent ]
KISS ex-drummer Peter Criss had breast cancer


News that former KISS drummer Peter Criss, he of the Catman persona, suffered breast cancer has provoked new interest in the subject of male breast cancer, a rare but potentially fatal tumor.

Men have only a small amount of breast tissue concentrated in the area immediately behind the nipple, probably the main reason that they account for only about 1% of all breast cancers. Nonetheless, about 1,990 men will develop the disease this year, and 480 will die from it (compared with more than 40,000 deaths in women), according to the National Cancer Institute. Male breast cancer carries about the same risk of death as the female version, but because it is generally detected at a later stage of progression, the perception is that it is more deadly. The disease is most common in men between the ages of 50 and 60. The lifetime risk of developing it is less than 1% for the average man, but for those carrying the breast cancer gene BRCA2, the risk increases to about 6%. Family history is particularly important: One in every five men with breast cancer has a relative who's also had it.


I read of a man who had a mastectomy and there was an association with high blood levels of BPA.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer at eurotrib.com) on Thu Nov 19th, 2009 at 12:03:31 AM EST
[ Parent ]
THE SERPENT IN THE GARDEN OF EARTHLY DELIGHTS

D.A. chides L.A. council, says he'll target pot dispensaries

With the Los Angeles City Council poised to take up a medical marijuana ordinance after two years of contentious debate, L.A. County Dist. Atty. Steve Cooley warned Tuesday that he intends to prosecute dispensaries that sell the drug even if the city's leaders decide to allow those transactions.

Cooley's broadside came a day after two council committees rejected the city's attorney's advice to ban sales. The ordinance they recommended would allow dispensaries to accept cash contributions as long as they comply with state law, a provision Cooley derided as "meaningless" and said reflected "Alice-in-Wonderland thinking." Cooley and City Atty. Carmen Trutanich maintain that recent court decisions clearly indicate collectives cannot sell marijuana over the counter, although members can be reimbursed for the cost of growing it.

....

Some prosecutors and law enforcement officials argue the decisions bolstered their long-held view that neither Proposition 215, which voters approved in 1996, nor the state's Medical Marijuana Program Act, which the Legislature passed in 2003, specifically allow for sales. In September, Trutanich sent the council a nine-page review of the case law. "This is an area where the intent of the law is very clear. Collectives are allowed to grow this and distribute it amongst themselves," he said Tuesday. "Not one sentence says sales are allowed."

Lawyers for medical marijuana advocacy groups have countered with their own analyses. The Union of Medical Marijuana Patients recently delivered a 23-page legal review to council members. "We're really disappointed because we have been thinking that the district attorney would have respect for what the City Council would come up with," said James Shaw, the group's director. "We're taking his threats as real."

Joe Elford, chief counsel for Americans for Safe Access, said that properly organized collectives can sell marijuana, citing guidelines issued last year by California Atty. Gen. Jerry Brown. "The idea that a nonprofit collective can't sell things is just a bizarre interpretation of the law," he said.


Need I add that Cooly is the posturing Republican D.A. who replaced the previous posturing Democratic D.A. How can laws and regulations passed or issued by Democrats possibly govern the actions of Republican law enforcement? This has been a winning issue for Republicans since Nixon's White House doped it out.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer at eurotrib.com) on Thu Nov 19th, 2009 at 12:33:45 AM EST
[ Parent ]
Texas' gay marriage ban may have banned all marriages McClatchy

Barbara Ann Radnofsky, a Houston lawyer and Democratic candidate for attorney general, says that a 22-word clause in a 2005 constitutional amendment designed to ban gay marriages erroneously endangers the legal status of all marriages in the state.

The amendment, approved by the Legislature and overwhelmingly ratified by voters, declares that "marriage in this state shall consist only of the union of one man and one woman." But the troublemaking phrase, as Radnofsky sees it, is Subsection B, which declares:

"This state or a political subdivision of this state may not create or recognize any legal status identical or similar to marriage."


What it would seem to do is void all state recognition of marriage in Texas.  I wonder how this affects tax filings and inheritance issues?  And what about all of the children born since this law took effect whose parents were married in civil courts? Complete bastards?

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer at eurotrib.com) on Thu Nov 19th, 2009 at 12:49:15 AM EST
[ Parent ]
BBC News - Poor white boys do worst in tests

Poor white boys now do worse in primary school tests in England than any other main group, latest figures show.

Only 48% of white British boys eligible for free school meals achieved the expected level in English and maths.

The average for all pupils was 71.8% - and that gap, 23.8 percentage points, was up from 23.1 points last year.

Attainment continued to vary between ethnic groups with Chinese, Irish, Indian and mixed white and Asian children doing best.

It was known already that nationally, attainment in both English and maths in the Key Stage 2 national curriculum tests - commonly known as "Sats" - had fallen this year.



If you're not part of the solution, you're part of the precipitate.
by ceebs (ceebs (at) eurotrib (dot) com) on Thu Nov 19th, 2009 at 07:38:11 AM EST
[ Parent ]
SecuObs - L'observatoire de la sécurite internet: One more breach to Net neutrality in Europe - Time to legislate
Only a few weeks after the Dutch Internet service provider UPC decided to discriminate Internet traffic1, Vodafone announced yesterday2 that it will prioritize Internet access for its mobile subscribers who are ready to pay an extra fee when the 3G network is congested. This means that instead of equally sharing the network capacity between all users, Vodafone will discriminate against the subscribers who do not pay the extra fee, and deliberately slow them down. Such a business model based on organizing a scarcity of resource instead of investing in more infrastructure is in total contradiction with the nature of Internet as we know it3. While mobile operators face greater capacity constraints than fixed-line Internet providers, reasonable network management practices must be narrowly defined to exclude such abusive and discriminatory practices. This is yet another breach to network neutrality, which proves that mere political statements4 will not suffice to protect citizens against arbitrary restrictions of their access to the Internet.


En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Thu Nov 19th, 2009 at 09:52:06 AM EST
[ Parent ]
 PEOPLE AND KLATSCH 


En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Wed Nov 18th, 2009 at 10:30:54 AM EST
The Sartorialist: The picture of style -- latimes.com
... Schuman's 4-year-old photo blog, the Sartorialist (thesartorialist.blogspot.com), has become a daily habit for thousands of devotees, making it consistently rank among the 50 most popular blogs in the world. By artfully spotlighting men and women who dress themselves with uncommon panache, the blog offers its passionate followers a quick hit of style as regular as the sunrise.

"The Sartorialist is the first thing on the Web to set up meaningful competition to the fashion magazines," said Peter Jones, a New York-based fine art photographer, dealer and collector.

Schuman greeted fans in Los Angeles in October at signings of his recently published book, "The Sartorialist," a collection of more than 500 pictures of the creative, stunning, amusing, sublime and occasionally ridiculously stylish people who have appeared on his blog. Ernest Duarte, a 51-year-old design engineer from Orange County who purchased the $175 hardcover limited-edition and stood in line to meet Schuman at Barneys in Beverly Hills, summed up the revolutionary element of the photographer's work: "The pictures aren't just about what's expensive. They celebrate what the individual brings to their look."


En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Wed Nov 18th, 2009 at 11:13:01 AM EST
[ Parent ]
Dear Lucy: My boss has cuckolded me. Should I resign? (FT.com, November 4, 2009)
My wife, who works at the same company as me, has for some months been conducting an illicit affair with our chief executive. She has decided to leave me and to resign her position in order to move in with him.


En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Wed Nov 18th, 2009 at 12:36:43 PM EST
[ Parent ]

Mark Palios, chief executive of the Football Association, and Sven-Göran Eriksson, the England manager, had affairs with Faria Alam, secretary to the executive director. Mr Palios resigned. Ms Alam lost an unfair dismissal and sexual discrimination claim


Skennah Kowa
by Crazy Horse on Thu Nov 19th, 2009 at 03:29:20 AM EST
[ Parent ]

Aviva boss defended over affair

The chairman of Aviva has said an affair between the insurance group's chief executive and a married colleague did not breach company rules.

Aviva released a statement after a relationship between Andrew Moss and human affairs director Deirdre Moffatt was revealed by the Times newspaper.

Mr Moss and Ms Moffatt, now known as Deirdre Galvin, are now separated from their spouses and living together.

(...)

Like many large firms, Aviva has a company policy forbidding long-term relationships between members of staff where one reports directly to the other.

According to the Times, Mr Moss and Ms Galvin began the affair several months ago, when Ms Galvin, who is married to Aviva's European HR director, was seconded to Mr Moss's office on a company project. At the time, she reported directly to him daily.



In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Thu Nov 19th, 2009 at 04:58:38 AM EST
[ Parent ]
I guess they are technically right. The relationship was a fling so it was not "long-time" and then she quit her job...

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Thu Nov 19th, 2009 at 05:24:03 AM EST
[ Parent ]
Wash Times Editor: I Was Forced To Attend A Moon Church Mass Wedding  TPM  (H/T Brad DeLong)


Washington Times editorial page editor Richard Miniter is filing a complaint with the Equal Employment Opportunity Commission against the paper today, alleging discrimination based on age, disability, and religion -- being forced to attend a Unification Church mass wedding -- and he will ask the government to enjoin the Times' assets, his lawyer tells TPM. The development adds to an already daunting mess of problems at the newspaper, whose top executives were fired last week, and whose executive editor resigned.

....

A former Wall Street Journal editorial page writer and author of multiple books, Miniter was hired as editorial page editor and vice president of opinion at the Times in March. The article announcing his hire described it as "the latest of a series of dramatic moves to boost the newspaper's global impact."

Besides the mass wedding charge, Klayman alleges Miniter and other employees who were over 40 were victims of age discrimination. Finally, he claims Miniter was forced to work when he was having severe heart problems. During a health scare earlier this year, Miniter was brought out of the newsroom on a stretcher, newsroom sources say.

....

All of these allegations will be included in the EEOC complaint, Klayman says. He adds that there is a dispute over Miniter's employment status at the paper, and the paper is improperly continuing to use his name on its masthead.


I know things must have looked bad with "Rupert the Pirate" taking over the WSJ, but sometimes, when it looks like things can't get any worse, THEY DO! Talk about going from the frying pan to the fire.  Miniter must have felt as though he had stumbled into the plot of one of those '60s Startrek episodes in which a character or characters gets transported to the court of some cosmic tinpot despot, just before the transporter goes on the fritz. Well, at least he volunteered for the mission.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer at eurotrib.com) on Wed Nov 18th, 2009 at 10:25:58 PM EST
[ Parent ]
The comment thread at TPM is hilarious.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer at eurotrib.com) on Wed Nov 18th, 2009 at 10:31:10 PM EST
[ Parent ]
 SPECIAL FOCUS 
 "Big Jobs" European Council 


En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Wed Nov 18th, 2009 at 10:32:40 AM EST
PREVIEW: EU leaders head for top jobs conclave - Monsters and Critics
'If you choose a new pope, you should pick a Catholic,' Guy Verhofstadt, a former Belgian premier, said as he urged leaders to pick a candidate with strong European credentials.

German Chancellor Angela Merkel and French President Nicolas Sarkozy might well back Van Rompuy, a relatively obscure figure unlikely to threaten their grip on Brussels.

But others, among them Swedish Foreign Minister Carl Bildt, argue that leaders should instead push for 'strong personalities' capable of giving the EU a strong voice on the world stage.



En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Wed Nov 18th, 2009 at 11:07:50 AM EST
[ Parent ]
Is he suggesting Blair for Pope?
by gk (g k quattro due due sette "at" gmail.com) on Wed Nov 18th, 2009 at 04:06:00 PM EST
[ Parent ]
'strong personalities' capable of giving the EU a strong voice on the world stage.

this kind of language is sounding century archaic.

we need wisdom and circumspection, not stature as they see it, a mixture of self-importance and delusions of eurograndeur, an ability to hold a rictus smile while gliding around cocktail parties and shaking paws with the hoighty-toighty.

europe needs to continue with soft power, think obama without the exceptionalist streak.

give it to mary already, make us all proud!

"Two wrongs don't make a right, but three lefts do." Jim Hightower

by melo (melometa4(at)gmail.com) on Wed Nov 18th, 2009 at 10:54:38 PM EST
[ Parent ]
Hah, Bildt is using the Bliar selling point for himself... (he is a candidate, too)

*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 Nov 19th, 2009 at 05:02:59 AM EST
[ Parent ]
Against the nomination of Tony Blair as "President of the European Union" Petition
45088 Signatures


En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Wed Nov 18th, 2009 at 12:12:46 PM EST
[ Parent ]
EU Politics News - theParliament.com
A cross-party group of MEPs have called for former Irish president Mary Robinson for the role of EU president.

Robinson has already ruled herself out of the running but the 30-strong group say EU leaders meeting in Brussels on Thursday to discuss the post should urge her to "reconsider" her decision.

The deputies, from four political groups,make their demands in signed declaration which will be delivered to the summit.



En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Wed Nov 18th, 2009 at 01:08:50 PM EST
[ Parent ]
yes, that would rock my world

"Two wrongs don't make a right, but three lefts do." Jim Hightower
by melo (melometa4(at)gmail.com) on Wed Nov 18th, 2009 at 10:56:07 PM EST
[ Parent ]
FT.com / Comment / Opinion - Modesty would become Europe's new duo
Whatever differences exist between its member states, the prerequisite for a well-functioning European Union is that institutions work well together. In order to make progress towards the ends we seek, we need agreement on the means by which policy is made.

...

At stake is the European Union's influence - including, of course, the defence of its own interests in a globalised and multipolar world. That is why it is vital for the European machine to function well even as the 27 member states debate the EU's positions and direction.

...

The Union's permanent president will only be truly useful if he or she facilitates debate at the highest level about Europe's future. There can be no question of nominating a super-head of government who might contradict the Union's basic contract - namely, shared sovereignty in certain policies but not in all prerogatives of states. He or she must be a convinced European, from a country that subscribes to all Union policies.

It would be a poor interpretation of the Lisbon treaty if the chosen person were to consider himself or herself as the president of the European Union. ...

Delors is the most successful Commission President of my lifetime. I would imagine his words would carry some weight with the Council.

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Thu Nov 19th, 2009 at 04:01:39 AM EST
[ Parent ]
(h/t Melanchthon)

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Thu Nov 19th, 2009 at 04:02:43 AM EST
[ Parent ]
Also,
... The high representative's term will be a success if he or she can strengthen the Union's cohesion in certain areas of foreign policy. I am thinking in particular of the relationship with Russia, with its energy-supply dimension. Our economic interests must find expression in a common foreign-policy position. ...


En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Thu Nov 19th, 2009 at 04:03:43 AM EST
[ Parent ]
Linked in the article:

Notre Europe: The European Union after Lisbon: a three-part counterpoint

The Commission, led by a President voted by the Parliament, must once again become the driving force of the Union. Whilst it should be ready to listen to the Council, it must cease to act its self-effacing secretariat. It must regain its collegiality, its assertiveness and use its powers of initiative, control and implementation resolutely and ambitiously. The High Representative, Vice-president of the Commission, must be able to make proposals and draw a synthesis, thus becoming the artisan of a genuine European foreign policy to be pursued in all the domains.

The Council must become a college in which the states, rather than impeding it, implement the Union's sovereignty. This is impossible without a generalisation of the majority vote and without a publicising of its work. A key role will be that of the future full-time President of the European Council, who must be a convinced European, belonging to a country that subscribes to all Union policies.

The Parliament, strengthened by the legitimacy which it draws from the citizens and by its independence from the national governments, must fully apply its reinforced powers to break the inaction of the Council-Commission. It must dare to develop a firm and constructive strategy, even, if necessary, temporarily delaying decisions,  in order to obtain a budget reform worthy of oncoming challenges, truly European revenues and the resources required to achieve the common policies inscribed in the Treaties.



En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Thu Nov 19th, 2009 at 04:06:09 AM EST
[ Parent ]

The Union's permanent president ...

It would be a poor interpretation of the Lisbon treaty if the chosen person were to consider himself or herself as the president of the European Union. ...

A little inconsistent there :-) Well, to quote the ominous start of his last paragraph,

To misuse words can be dangerous.

:-)

*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 Nov 19th, 2009 at 05:01:22 AM EST
[ Parent ]
Yawn... In Hungarian, Index.hu's article on the EU summit is titled "They will eat until Europe has a President"... and more of the BS in the article, including the platitude about talking to the President of America (foreign correspondents' disease?). I wrote him an email quoting the Lisbon Treaty and Delors' above article, and hint at the opinion of Hungarian diplomats by pointing to the 2011/H1 Council Presidency.

*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 Nov 19th, 2009 at 08:55:21 AM EST
[ Parent ]
Elsewhere in this here salon...
Gordon Brown's insistence on maintaining Tony Blair's candidacy for the EU presidency, despite the general rejection it has caused, is blocking the appointment of the Union's leaders. The consensus agreement between the German Chancellor Angel Merkel and the French President Nicolas Sarkozy to make the Belgian Prime Minister Herman Van Rompuy the first permanent president of the European Union is meeting resistance from the British Prime minister who favours his predecessor. In addition, the French-German initiative has caused unease to Fredrik Reinfelds, prime minister of Sweden, who holds the Union's presidency and who, as such, is charged with making the nominations for the appointments.


En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Thu Nov 19th, 2009 at 05:45:17 AM EST
[ Parent ]


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