European Salon de News, Discussion et Klatsch - 29 June

by Fran
Sun Jun 28th, 2009 at 02:35:22 PM EST

 A Daily Review Of International Online Media 


Europeans on this date in history:

1922 – Vasko Popa, a Serbian poet of Romanian descent,was born. (d. 1991)

More here and here

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 EUROPE 

by Fran (fran at eurotrib dot com) on Sun Jun 28th, 2009 at 10:57:50 AM EST
France 24 | EU hopes at stake as Albanians go to the polls | France 24
Albanians vote Sunday in legislative elections seen as critical for the EU membership aspirations of one of Europe's poorest countries. The EU has indicated that progress toward membership depends on peaceful elections.

AFP - Albanians go to the polls on Sunday for legislative elections seen as crucial for the European future of the country, with polls showing the two main rivals neck and neck.
  
Some 3.1 million voters are being asked to elect 140 parliamentary deputies for a four-year mandate in the election -- the seventh since the fall of communism in the 1990s -- choosing among 4,000 candidates representing 39 parties and coalitions.
  
Polls are to open at 7 am (0500 GMT) on Sunday and close 12 hours later.
  
Various surveys have put Prime Minister Sali Berisha's Democrats and Edi Rama's opposition Socialists close in the polls, seen as key to the country's hopes of joining the European Union.
  

by Fran (fran at eurotrib dot com) on Sun Jun 28th, 2009 at 11:01:56 AM EST
[ Parent ]
Albania holds key parliamentary election | Europe | Deutsche Welle | 28.06.2009
Sunday's vote in the former communist state will be closely monitored by some 400 foreign observers, especially since it is considered a key test for Albania's European Union membership bid.  

Ahead of Albania's parliamentary elections, both US and EU diplomats urged the small Balkan state to hold fair elections and clear the path for closer links with the West.

"Anything less than that would be a step back," the American ambassador to Tirana John Withers warned. "In all the previous elections, the required standards were not met. The manipulating practices of the past should not be repeated."

by Fran (fran at eurotrib dot com) on Sun Jun 28th, 2009 at 11:07:10 AM EST
[ Parent ]
Ill-fated Czech presidency of EU draws to a close | Europe | Deutsche Welle | 28.06.2009
The Czech Republic's presidency of the European Union, which ends on Tuesday, will not be remembered as a success. The country's government fell before it had even reached the half-way stage.  

The first Czech presidency of the EU got off to an intense start in January, thanks to the conflict in Gaza and the dispute between Russia and Ukraine over gas supplies.

Yet the government of then-Prime Minister Mirek Topolanek won early praise, particularly for its diplomacy in the gas dispute.

Yet the government ran into trouble during the last week of March, when the Czech opposition succeeded in toppling Topolanek's government. The government was eventually replaced by an interim cabinet, but by then it had already become, in the eyes of many, something of a lame duck.

That view is disputed by Stefan Fule, Europe minister in the new caretaker government, who described the Czech's six-month presidency as "very successful."

by Fran (fran at eurotrib dot com) on Sun Jun 28th, 2009 at 11:03:26 AM EST
[ Parent ]
NATO and Russia resume ties after war in Georgia | World | Deutsche Welle | 28.06.2009
When Russia and Georgia fought a five day war in 2008, NATO broke off military ties with Russia. But now, Russia and the alliance have agreed to start a new era of cooperation. 

After nearly a year with no formal ties, Russian Foreign Minister Sergei Lavrov met with his NATO counterparts on the Greek island of Corfu and re-convened the NATO-Russia Council. 

"The NATO-Russia Council is now back in gear. We agreed not to let disagreements bring the whole train to a halt. On Georgia, there are still fundamental differences ... (But) Russia needs NATO and NATO needs Russia," said NATO Secretary General Jaap de Hoop Scheffer.

And the fundamental differences between NATO and Russia will not go away, particularly when it comes to Georgia.

Russian Foreign Minister Sergei Lavrov said Russia's recognition of two Georgian regions after last August's war is irreversible.

by Fran (fran at eurotrib dot com) on Sun Jun 28th, 2009 at 11:06:18 AM EST
[ Parent ]
OSCE summit on the Greek island of Corfu avoids the "blame game" | Europe | Deutsche Welle | 28.06.2009
Foreign ministers from the Organization for Security and Cooperation in Europe opened talks on the Greek island of Corfu on Sunday aimed at forging a new security framework for Europe.  

The 56-member OSCE has launched a debate to update the 1975 Helsinki accords and adapt the continent's security apparatus to meet the modern challenges of terrorism, dependable energy supplies and political unrest.

EU foreign policy chief, Javier Solana, said on Sunday that "nothing has been finished; this is the beginning."

"With events taking place (and) the new challenges of today, I think there is room to move to what we may call a Helsinki plus," Solana said.

by Fran (fran at eurotrib dot com) on Sun Jun 28th, 2009 at 11:11:19 AM EST
[ Parent ]
Northern Irish paramilitaries giving up arms | Europe | Deutsche Welle | 28.06.2009
Two major Northern Irish Protestant paramilitary groups say they have destroyed their weapons to comply with a variety of peace agreements. After three decades of conflict, it's another step forward for diplomacy. 

Two of Northern Ireland's biggest loyalist paramilitary groups, the Ulster Volunteer Force (UVF) and the Red Hand Commando (RHC), say they have destroyed their weapons, and have promised to respect local laws. Another group, the Ulster Defence Association (UDA), said it has started destroying its weapons, too.

"The dark days are now behind us and it is time to move on," the UDA said in a statement. "There is no place for guns and violence in the new society we are building. It is time to work for a better future."

The groups, which advocate Northern Ireland remaining a part of Britain, are responsible for almost 1,000 murders of mainly Catholics during the bloody 30-year conflict between Catholics and Protestants in the region.

by Fran (fran at eurotrib dot com) on Sun Jun 28th, 2009 at 11:06:41 AM EST
[ Parent ]
The last days of the court of King Silvio - Europe, World - The Independent
Berlusconi always seemed immune to scandal, but lurid reports of the sexual carousel of parties, models and money are taking their toll. Now the Catholic Church has turned on him.

There is a sudden stench of decay coming off the court of King Silvio.

The faithful retainers who have stood by him for decades, and grown immensely rich as a result, are still at his side: the pianist who tinkled along behind his singing on the cruise ships, the Sicilian lawyer fighting a long sentence for mafia crimes, the lawyer who did time for bribing Roman judges on Mr Berlusconi's account; none of them has dropped even a hint of dissidence or doubt in their padrone. But on the fringes of the circle, the unstoppable gusher of revelation and innuendo about the dozens of beautiful young women who flocked to his homes for all-night parties is beginning to do him palpable damage.

It is no longer only his political enemies in the media who are drawing attention to the grotesque spectacle of a 72-year-old Prime Minister cavorting with bimbos young enough to be his granddaughters. This week, after a long, pregnant silence, powerful forces in the Catholic Church have begun to speak out against his excesses. First it was L'Avvenire (The Future), the daily paper of the Italian bishops, which asked the Prime Minister to give Italy "clarification" about what had been going on. Then an important Catholic weekly, La Famiglia Cristiana, published stern comments about "moral decadence". And now three senior churchmen have criticised him publicly. One of them, the Bishop of Mazara del Vallo in Sicily, called on him to consider resigning. And one of the most powerful church figures in the country, Cardinal Angelo Bagnasco, head of the Italian Bishops Conference, warned, without mentioning Mr Berlusconi by name, of "men drunk on a delirium of their own greatness, who touch the illusion of omnipotence and distort moral values".

by Fran (fran at eurotrib dot com) on Sun Jun 28th, 2009 at 11:07:30 AM EST
[ Parent ]
We can only hope, but personally i do not believe the Italian political system is capapble of ejecting this cancer.

and even if it did, the damage he has caused renders the political system even more paralysed than it ever was.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Sun Jun 28th, 2009 at 04:54:31 PM EST
[ Parent ]
well, the end product of any parasite too successful is extermination of its host.

what i'm wondering is if other world bigwigs are engineering his downfall before the G8 out of sheer embarrassment at having to appear and schmooze with him.

there's one foreign intervention that may do some good!

like prodi, franceschini seems fairly decent, which is why the political system rejects him. veltroni was pure stooge, like d'alema.

which leaves di pietro, the only warrior left against this surreality show madness.

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

by melo (melometa4(at)gmail.com) on Mon Jun 29th, 2009 at 02:08:10 PM EST
[ Parent ]
France 24 | Fillon says there is 'no other solution' than to raise the retirement age | France 24
French Prime Minister François Fillon said Saturday that the only way the government can make its retirement payments is to raise the retirement age from today's 60 years. Fillon has made lowering France's deficit a priority of his administration.

French Prime Minister François Fillon on Saturday said that the only way the government can make its retirement payments is to raise the legal retirement age.

 

"There is no other solution for saving the retirement system than working for a longer period," he said.

by Fran (fran at eurotrib dot com) on Sun Jun 28th, 2009 at 11:09:33 AM EST
[ Parent ]
Now he's going to explain where the work will come from.
by afew (afew(a in a circle)eurotrib_dot_com) on Mon Jun 29th, 2009 at 03:17:43 AM EST
[ Parent ]
... if we encourage saving that will create investment, because after all supply creates its own demand. As long as we assume an automatic trend toward full employment, everything is always getting better.

Well, except for those pesky "shocks", but abstracting from the shocks things are always getting better.


Utsukushikereba sore de ii

by BruceMcF (agila61 at netscape dot net) on Mon Jun 29th, 2009 at 12:18:50 PM EST
[ Parent ]
European Union's Lisbon Treaty fuels flames of dissent across continent - Telegraph
The Lisbon Treaty is expected to take a key step towards becoming law across the European Union this week when Germany's highest court rules that it is broadly compatible with the country's constitution.

The much-anticipated judgment will mean that only three out of the EU's 27 member states will still have to complete formal ratification of the treaty - Poland, the Czech Republic and Ireland.

The former two countries merely need their presidents' signatures on the legislation to finalise the process. Ireland, where voters rejected the Treaty last year, will stage a new referendum in October - with the government increasingly confident of a "Yes" vote this time round after the EU assured Ireland of its independence over taxation, security, defence, abortion, and workers' rights.

Politicians across Europe are now looking forward to a day when the controversial treaty gives the EU more streamlined institutions - with greater central power and, for the first time, a new "President of Europe" to represent all the member states around the world.

by Fran (fran at eurotrib dot com) on Sun Jun 28th, 2009 at 11:12:55 AM EST
[ Parent ]
Flanders encouraged to seek independence from Belgium by EU's growing power - Telegraph
Leaders of one of Europe's most unlikely separatist movements are celebrating each step towards the adoption of the Lisbon Treaty.

The notion that breaking up a country as insignificant as Belgium could lead to anything more appealing in its place may seem far-fetched beyond its shores. But to many of the six million who live in the Dutch-speaking Flanders region, the growing strength of the EU makes it an increasingly attractive option.

"Belgium is too heterogeneous. There is too much diversity and too many different views," said Jeroen Overmeer, spokesman for Flanders' Nieuw-Vlaamse Alliante party, separatists who made big gains in this month's nationwide Belgian elections.

by Fran (fran at eurotrib dot com) on Sun Jun 28th, 2009 at 11:13:13 AM EST
[ Parent ]
Catalonia pays homage to the EU, not Spain, as push for independence grows - Telegraph
A growing number of Catalans want independence for their prosperous region, spurred on by the possibility of separate nationhood within the European Union.

"We are Catalans first and Europeans second, but don't call us Spanish!" say many in Spain's independent minded northeastern region, when asked to define their national identity.

Catalonia, whose capital is Barcelona, is home to seven million of Spain's 44 million inhabitants - and over the past four years the proportion wanting complete independence from Madrid has risen by half, from 14 per cent to 21 per cent, according to the regional government's figures. Some 35 per cent also back creation of an almost entirely independent Catalonia within a federal Spain.

by Fran (fran at eurotrib dot com) on Sun Jun 28th, 2009 at 11:14:28 AM EST
[ Parent ]
If an example of the Telegraph's deliberate Europhobia line was needed, this is it.

Here's the headline and photo of that article:

The text of the article itself is sober, informative, and fair. But the big letters at the top speak of "flames of dissent". The pictorial example shows burning flags. The casual reader glacing through may assume that the European continent is up in arms against Lisbon. Then the small-text caption says this concerns Catalan regionalists, so presumably the flames of dissent are coming from regionalists. From lower down the article:

European Union's Lisbon Treaty fuels flames of dissent across continent - Telegraph

leaders of some of Europe's separatist movements are celebrating the progress of the treaty towards full ratification. They are convinced that the more powerful the EU's own institutions become, the weaker the nation state - and the stronger the case for granting breakaway regions their independence.

So regionalists are for Lisbon, not igniting "flames of dissent".

The brainless duplicity of this kind of manipulation is staggering. And we wonder afterwards why the majority of the British are Eurosceptic/phobic.

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Jun 29th, 2009 at 03:34:06 AM EST
[ Parent ]
The duplicity is not brainless, it is quite deliberate. What is brainless is the acceptance of the underlying narrative.

A man of words and not of deeds is like a garden full of weeds; a man of deeds and not of words is like a garden full of turds — Anonymous
by Migeru (migeru at eurotrib dot com) on Mon Jun 29th, 2009 at 03:41:39 AM EST
[ Parent ]
Yes, brainless is not well chosen, I meant to underline the cognitive dissonance between the presentation and that actual content of the articlle.
by afew (afew(a in a circle)eurotrib_dot_com) on Mon Jun 29th, 2009 at 03:58:43 AM EST
[ Parent ]
It is the readers who brainlessly are unable to swallow the whole thing withough cognitive dissonance.

A man of words and not of deeds is like a garden full of weeds; a man of deeds and not of words is like a garden full of turds — Anonymous
by Migeru (migeru at eurotrib dot com) on Mon Jun 29th, 2009 at 04:00:37 AM EST
[ Parent ]
And an alternative for them to consider is available where...?
by ThatBritGuy (thatbritguy (at) googlemail.com) on Mon Jun 29th, 2009 at 07:54:35 AM EST
[ Parent ]
They could read the article and feel the cognitive dissonance. They either don't read the article or don't see the inconsistency (or maybe don't mind it?).

A man of words and not of deeds is like a garden full of weeds; a man of deeds and not of words is like a garden full of turds — Anonymous
by Migeru (migeru at eurotrib dot com) on Mon Jun 29th, 2009 at 07:58:48 AM EST
[ Parent ]
Sweeping generalisation alert;-
"People don't choose newspapers that infrm them about things they didn't know, they choose papers that reassure them their prejudices are correct".

thus the Telegraph's readers feel no dissonance because that lede is exactly what they'd expect to hear about Europe.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Mon Jun 29th, 2009 at 08:27:37 AM EST
[ Parent ]
Yes. As we often say, foreign correspondents send in what the home audience wants to hear. In this case, the copy not rising (or falling) to that standard, the editor does the job - most people are content with a quick scan anyway, and let them have their filet mignon, rump steak, or other haemo-dripping chunk of freshly-slaughtered mammal.

And others (Sven, for example) will tell us the whole business is about selling advertising space. So here we have the editor doing advertising for what is not in the article, so the readership figures stay up (as far as possible) and the newspaper can get advertising income.

These two explanations can be seen as concordant. But I don't think it's that simple, because it doesn't take into account the role of the media in dynamising and augmenting an existing tendency in public opinion. How many Brits were Eurosceptic/phobic in the 1970s compared to now? How many are more so than they were then? Whatever the failings of Brussels (and they are many), how much and how often have British newspapers played on the Thatcher theme of nothing good ever coming out of continental Europe? In other words, how responsible are those newspapers for creating and sustaining an appetite for Europhobic red meat in their readership, and not (for example, and I would not wish them to do this) for anti-American red meat? Or anti-something else?

And why, if newspapers are gradually failing businesses that time and technology will sweep away, are wealthy businessmen interested in owning them? Not for the profits they can pull out of them. But also not because newspapers are without influence. No doubt their capacity to spread propaganda still offers a good bang for the buck.

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Jun 29th, 2009 at 09:18:53 AM EST
[ Parent ]
Beppe Grillo's Blog
Advertising should be used for the purposes of selling. In Italy, for the past twenty years it has been used for the purposes of buying. It is a simple yet twisted mechanism. Three out of every four of the Country's television broadcasting frequencies have been allocated to a private citizen since time immemorial. The individual in question is none other than the psychodwarf, who has benefited from State concessions granted to him in return for a low fee. Bargain basement fees if the truth be told. In return for the use of these frequencies, he pays one percent of turnover. It is like one of us conceding the use of our apartment to someone else and then being satisfied with receiving one percent of the rent that he charges for it. Only someone that is totally insane or is looking for some other favour in return would do such a thing. This is precisely what the D'Alema Government did back in 1999 by introducing an ad-hoc law (pg. 32: law 488, art.27 clause 9, dated 23 December 1999).
The revenues that have been obtained via Publitalia have been immense. The Forza Italia party came into being thanks to Publitalia. A political-advertising creation, which grew thanks to the use of the world of advertising's persuasion and marketing techniques. A company party that was established to save the company and then to maintain and even increase advertising revenues. Many years ago already it was predicted that Italy would in future be moulded by television rather than by certain political parties or ideologies. Today instead, we see that Italy is the offspring of advertising and of its mechanisms. Advertising is in power.
The psychodwarf is urging advertisers to refrain from placing any of their advertising with the catastrophist media. This is like saying that people should only advertise in the optimistic media that denies the economic reality, in other words, only in his media. He is merely canvassing support for more advertising at a time when advertising revenues are crumbling. State controlled companies such as ENI, the Government Railways Company and ENEL spend vast amounts of money on advertising. What better investment could there be, from a political point of view, for Mediaset, the television business owned by none other than our Prime Minister himself? This is an extraordinary mechanism to say the least. Money from public companies funding a privately owned television broadcasting business that makes use of public broadcasting frequency concessions obtained at bargain basement prices. Money that has ensured, and that continues to ensure that the owner of said television business remains in power.
Advertising revenues control politics and information through a process of mass validation. It happens in a roundabout manner, so no one really notices what is happening. The major strength of this system, which is absolutely and unbelievably rotten to the core, is the advertising that is used as a bargaining chip and a source of power. An exchange of favours and a kind of protection racket that is perfectly legal and highly attractive, where the protection money is never extorted from anyone but is offered willingly. The only logical way forward for an Advertising Republic such as this is the boorish and trivial advertising spot that is currently being played out right before the very eyes of a totally dumbfounded world.


"Two wrongs don't make a right, but three lefts do." Jim Hightower
by melo (melometa4(at)gmail.com) on Mon Jun 29th, 2009 at 07:18:17 AM EST
[ Parent ]
 ECONOMY & FINANCE 

by Fran (fran at eurotrib dot com) on Sun Jun 28th, 2009 at 10:58:37 AM EST
ZNet - Stiglitz: Global Recovery

This is not only the worse global economic downturn of the post World War era, it is also the first serious global downturn of the modern era of globalization.  There is need for a global response to this global downturn.  But our responses are framed at the national level, and often take insufficient account of  the effect  on others.  The result is that there is less coordination than there should be, a smaller stimulus than would be optimal-and well less designed.  Every crisis comes to an end, and this one will too.  But a poorly designed stimulus means that the downturn will last longer, and the recovery will be slower, and more innocent victims will be hurt badly.  Among the innocent victims of this crisis are the many developing countries-even countries that have had good regulatory and macro-economic policies-far better than those pursued by the US and some European countries-are being badly affected.  While in the US, a financial crisis transformed itself into an economic crisis, in many developing countries, the economic downturn is creating a financial crisis.  While the U.S. may have the resources to bail out its banks and to stimulate its economy, the developing countries cannot.

A UN meeting later this month hopes to continue a global discussion that began at the earlier G-20 meetings, and hopes to extend the discussion to what went wrong, so that we can do a better job of preventing another such crisis.  The global politics of the meeting are complex.  Many of the 172 countries not members of the G-20 argue that decisions affecting the lives of their citizens should not be made a self-selected club, lacking political legitimacy; some of the members of the G-20-including the new members brought into the discussion for the first time as discussions expanded from the G-8 to the G-20-like it the way it is.  They would like to avoid too harsh criticism of the banks, or of the international economic institutions that not only didn't prevent the crisis, but also pushed the deregulatory policies that contributed so much to its creation and its rapid spread around the world.  Indeed, the G-20 turned to the IMF as the centerpiece of its response to the crisis for the developing countries. 

I chair a UN Commission of Technical Experts whose interim report hopefully will have some influence on the discussions.  Whether it will, and whether anything concrete comes out of the meeting, is too soon to tell.  The international community should realize, however, that what has been done by the G-20, while a good beginning, is just that-a beginning, and much more needs to be done.  Our preliminary report lists ten policies that need to be taken immediately, and ten deeper reforms in the global financial system on which work needs to be begun.  

by Fran (fran at eurotrib dot com) on Sun Jun 28th, 2009 at 11:05:05 AM EST
[ Parent ]
BBC: Spain's downturn hits foreign workers

With its soaring roof and light-filled spaces, Madrid's Barajas airport is a sign of the good times Spain has enjoyed.

But spend some time in the departure lounge and you can see the signs of the economic downturn.

There is raw emotion at the departure gates. Airlines say 25,000 Latin Americans have bought one-way tickets home.

by Sassafras on Sun Jun 28th, 2009 at 01:30:27 PM EST
[ Parent ]
remember that the only way the left is mentioned in papers is like this:


Private equity attacks EU plan

The private equity industry has made a scathing attack on regulatory proposals from the European Union, saying they could restrict free movement of capital.

(...)

The EC's proposals, a response to public anger at the excessive risk-taking that led to the credit crisis, would require alternative fund managers to register, seek government authorisation, and disclose more about themselves and their investments.

The City of London - home to much of Europe's hedge fund and private equity industry - has criticised the added regulatory burden.

Left-leaning European politicians say the proposals do not go far enough.

Jonathan Russell, EVCA chairman and head of buy-outs at 3i, told the Financial Times he was confident of persuading governments to push for wholesale changes in the directive, especially after elections dealt heavy losses to the socialists, who were its main architects.

"The directive would be incredibly complicated - it could really be quite dangerous. You are in danger of clogging up the system," Mr Russell said.

"We can make quite a lot of difference. People in the European parliament and Commission don't want poor-quality legislation. Member states understand that and want . . . a workable solution."

Socialists are incompetent haters of freedom, and want to bring London  down. No wonder they are presented as bumbling...


SPD adopts sober tone to match prudent times

The Federation of German Women Entrepreneurs is not a club the left-of-centre Social Democratic party would normally define as its core audience.

So when Franz Müntefering, the SPD chairman, addressed the association recently at Berlin's Hyatt hotel, braving mild scepticism and an eye-watering mist of Chanel No 5 perfume, he was not exactly on home ground.

However, these are desperate times for Germany's oldest party and junior partner in the national unity government of Angela Merkel, the chancellor.

(...)

Having run an unapologetically leftwing European campaign, calling for higher wages and denouncing "finance sharks", the SPD is now repainting itself as pragmatic and sober to match the prudent zeitgeist.

Beyond the insulting description of female entrepreneurs, the socialists are described as having lost in the European elections for being too lefty rather than not enough, and the commentary is about how they are "desperate" and "opportunistic"...

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

by Jerome a Paris (etg@eurotrib.com) on Sun Jun 28th, 2009 at 05:22:05 PM EST
[ Parent ]
Jerome a Paris:
You are in danger of clogging up the system," Mr Russell said.

Oh, my my. That would be the system that just massively failed?

Without being clogged up?

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Jun 29th, 2009 at 09:33:09 AM EST
[ Parent ]
yup, your water is toxic, but don't put in a filter, because then, while your water may be drinkable, the flow would be less!

quantity always trumps quality in the unenlightened mind.

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

by melo (melometa4(at)gmail.com) on Mon Jun 29th, 2009 at 02:15:36 PM EST
[ Parent ]

Crisis - What Crisis? Lessons Learned - What Lessons?

Let us remember that very few months ago bankers and politicians alike threw ashes on their heads and promised both to repent and reform: this was .....

Today, both groups like to talk about "green shoots", of narrowing spreads, of a reversal of the stock market crash, and so on: optimism is in full swing, at least as far as the financial sector is concerned. However, I have the uneasy feeling that they just want to get on where they were stopped before they got us into the biggest financial and economic crisis in 70 years. Lessons learned? - We don't want state interference! Repent? - Let's pay back government money so we can finally get our deserved 2008 bonuses! Reform? Let us not destroy the green shoots, no heavy-handed regulation, especially not on an international level! Remuneration Reform? We want to create value for the shareholders!

Read the whole post. Nothing that would surprise regulars here, but a well written summary of the current situation, made all the more interesting by the fact that the writer is a a(n Austrian) member of the board of the European Investment Bank.

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

by Jerome a Paris (etg@eurotrib.com) on Sun Jun 28th, 2009 at 05:29:32 PM EST
[ Parent ]
by afew (afew(a in a circle)eurotrib_dot_com) on Mon Jun 29th, 2009 at 09:39:10 AM EST
[ Parent ]

A Recession Measured by New-Home Sales

There have been bad housing markets before, but never in post-World War II history has the market for new homes suffered as badly as it has in this decline.

(...)

At the peak of the housing boom in 2005, sales of both existing and new homes were running at twice the 1976 rate. This year, the sales rate for existing homes seems to have stabilized at about one-third higher than the 1976 rate. New-home sales also seem to have stabilized, but at about half the 1976 rate.

The second chart reflects the same data, but shows how far sales fell from peak levels during each downturn in the past. The plunge in sales of existing homes is severe but not unprecedented. But new-home sales are now running at only about a quarter of peak levels, a fall far deeper than anything seen since the statistics began being collected in the 1960s.

New-home prices, while they have fallen sharply, do not appear to have declined as far as prices of existing homes. At the worst point this year, the median price of existing homes was off 29 percent from the peak, while the largest drop for new-home prices was 23 percent.

(...)

It may be that builders will have to cut prices even more to sell some houses -- houses that, in retrospect, probably should never have been built at all.



In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Sun Jun 28th, 2009 at 05:36:28 PM EST
[ Parent ]

Germany and France need to sing in tune

Germany, as I argued last week, is heading in the direction of a zero level of government debt in the long run as a consequence of a new constitutional balanced-budget law.

(...)

Now, Germany is a country with a large current account surplus, or excess of domestic savings over domestic investments - 6.6 per cent of GDP in 2008 and 7.6 per cent the year before. It is no surprise therefore that German banks have been hit so heavily by the securitisation crisis. They had to channel masses of surplus savings abroad. In the event, they bought US subprime mortgages and their derivative products.

They will not repeat the same mistake, but they will still be facing a problem. If Germany's national debt converges towards zero, Germany's surplus savers will have to invest huge amounts of their savings outside the country, since the supply of German government bonds will diminish over time as the outstanding stock of debt is depleted.

Now this is where Mr Sarkozy's bad deficits come in. Most German savers, especially pension funds, will want to invest in euro-denominated government debt, which, for practical purposes in this scenario, means French debt, because no other domestic European bond market is sufficiently large and mature. As a result France may enjoy a version of America's exorbitant privilege.

(...)

How long can this go on? Imbalances can last a long time, but they do not last for ever. Something will have to give. It could be that future generations of German politicians find ingenious ways around the balanced budget law. Or that they find a two-thirds majority to overturn it. Or that Mr Sarkozy or his successors follow Germany into a future of austerity. But as long as one of those three events fails to happen, Germany may discover that unilateral fiscal rigour in a monetary union could prove extremely costly.

Munchau brings up an intriguing way to kick start growth in Europe: have France spend German money (presumably to buy German goods). That does not resolve the main problem of weak-ish incomes, but it could actually be a workable solution in the short and medium term for Europe, and I don't think a situation where France would owe tons of money to Germany be either unsustainable or even seen as a problem. After all, the Germans could just come and enjoy a bit more some holidays in France to solve that...

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

by Jerome a Paris (etg@eurotrib.com) on Sun Jun 28th, 2009 at 05:48:16 PM EST
[ Parent ]
Los precios aumentan su caída una décima y bajan un 1% en junio · ELPAÍS.comPrices increase [the speed of] their fall by 0.1% and drop 1% in June - ElPais.com
La tasa española de inflación armonizada -medida igual en todos los países de la zona euro- ha alcanzado en junio otro mínimo al marcar un -1%, una décima por debajo de la de mayo. Se trata del cuarto registro negativo consecutivo interanual de la historia de este índice que comenzó a elaborarse en 1997.The Spanish harmonised inflation rate - measured in the same way in all Eurozone countries - has reached a new low in June scoring -1%, one tenth [of a percent] below the May rate. This is the fourth consecutive negative year-on-year inflation rate recorded in the history of this index which started in 1997.


A man of words and not of deeds is like a garden full of weeds; a man of deeds and not of words is like a garden full of turds — Anonymous
by Migeru (migeru at eurotrib dot com) on Mon Jun 29th, 2009 at 03:56:22 AM EST
[ Parent ]
now please don't kill yourselves laughing at my ignorance here, but i want to understand something, and maybe there are others who don't fully understand too.

if inflation occurs, is it all bad? aren't there some winners?

likewise with deflation? if prices go down, doesn't anyone benefit from that?

obviously if one's lost one's job, and have no income at all, then no matter how low the prices are, you still starve.

what am i missing? is ideal steady state economy one that is free from both? does it ever happen?

i intuit that the more up'n'down prices go, the more opportunity for cashing in on speculation, but whether that's true or not, my understanding runs out of map right around this.

anyone got a 'for dummies' answer to my questions?

TIA

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

by melo (melometa4(at)gmail.com) on Mon Jun 29th, 2009 at 02:24:14 PM EST
[ Parent ]
 WORLD 

by Fran (fran at eurotrib dot com) on Sun Jun 28th, 2009 at 10:59:03 AM EST
France 24 | President Zelaya arrested by army ahead of vote on constitution | France 24
President Manuel Zelaya of Honduras has been arrested by army troops ahead of a controversial constitutional referendum on whether to allow him to run for re-election. The referendum had been opposed by elements within the military.

Reuters - Honduran soldiers detained leftist President Manuel Zelaya on Sunday in a constitutional crisis over his attempt to win re-election, government officials said.  

Troops took Zelaya, an ally of Venezuelan President Hugo Chavez, from his residence to an unknown location, Eduardo Reina, the president's private secretary, told Reuters.

by Fran (fran at eurotrib dot com) on Sun Jun 28th, 2009 at 11:02:58 AM EST
[ Parent ]
BBC NEWS | Americas | Troops arrest Honduran president

Honduran President Manuel Zelaya has been arrested by troops ahead of a controversial constitutional referendum.

Mr Zelaya's secretary said that the president had been taken to an airbase outside the capital, Tegucigalpa.

The move comes days after the president sacked the armed forces chief, who had refused to back the referendum plan.

Mr Zelaya, elected for a non-renewable four-year term in January 2006, wants a vote to enable him to seek a new term.

A reporter for the Associated Press news agency said he had seen dozens of soldiers surround the president's house on Sunday morning and about 60 police guarding the house.

by Fran (fran at eurotrib dot com) on Sun Jun 28th, 2009 at 11:15:16 AM EST
[ Parent ]
DefenseLink News Article: Stavridis Praises U.S.-Honduran Cooperation in Confronting Mutual Threats
TEGUCIGALPA, Honduras, Jan. 30, 2009 - The commander of U.S. Southern Command arrived here yesterday to reaffirm the United States' strategic partnership with Honduras and praise the solid bilateral and interagency cooperation that is delivering tangible success.

Navy Adm. James G. Stavridis met with President Jose Manuel Zelaya Rosales, Defense Minister Aristides Mejia Carranza and Defense Chief Maj. Gen. Romeo Orlando Vasquez Velasquez to discuss security challenges of mutual concern: primarily illicit drug, arms and human trafficking.

These, he said, threaten not just national, but also regional stability.

Stavridis also met with U.S. Ambassador Hugo Llorens and his embassy country team, as well as U.S. Military Group Honduras to explore ways to improve military-to-military training, education and other support to the Honduran government.

Declaring an "excellent state of cooperation between our two militaries," Stavridis lauded tremendous progress within Honduras' 11,000-member military.

by Fran (fran at eurotrib dot com) on Sun Jun 28th, 2009 at 04:42:08 PM EST
[ Parent ]
Sorry, just saw that this is an old link. :-(
by Fran (fran at eurotrib dot com) on Sun Jun 28th, 2009 at 05:13:07 PM EST
[ Parent ]
It provides excellent background to what is happening!  Here is more, and more.

"Beware of the man who does not talk, and the dog that does not bark." Cheyenne
by maracatu on Sun Jun 28th, 2009 at 08:24:18 PM EST
[ Parent ]
Thanks maractu for links like these; was hoping you might pitch in.

In the meantime, I hope it's sunny in Scotland. :)

by Nomad on Mon Jun 29th, 2009 at 06:08:58 AM EST
[ Parent ]
Coup in Honduras | | the narcosphere
School of the Americas-Trained Military Detains and Expels Democratically-Elected President Zelaya

Early this morning approximately 200 Honduran soldiers arrived at President Manuel "Mel" Zelaya's residence, reportedly fired four shots, and detained the President.  Zelaya told TeleSUR that the soldiers took him to an air force base and put him on a plane to Costa Rica.  

Zelaya told TeleSUR from San Jose, Costa Rica, "They threatened to shoot me."  Honduras' ambassador to the Organization of American States, Carlos Sosa Coello, reports that the president has been beaten up.

Zelaya told TeleSUR that he doesn't believe it was regular soldiers who kidnapped him.  "I have been the victim of a kidnapping carried out by a group of Honduran soldiers.  I don't think the Army is supporting this sort of action.  I think this is a vicious plot planned by elites.  Elite who only want to keep the country isolated and in extreme poverty."

Zelaya fears for the safety of his family, who remains in Honduras.  He pleaded with TeleSUR viewers to seek a way to "have a dialogue with these soldiers so that they don't harm my family, so that they don't shoot anybody.  We can settle our differences through dialogue."
by Fran (fran at eurotrib dot com) on Sun Jun 28th, 2009 at 04:43:55 PM EST
[ Parent ]
This has the smell of the US and the Repubs.  Wonder how Obama will react?  Business as usual?  Wouldn't surprise me.

I love the smell of roast chicken in the morning!
by THE Twank (yatta blah blah @ blah.com) on Mon Jun 29th, 2009 at 05:24:43 AM EST
[ Parent ]
by Colman (colman at eurotrib.com) on Mon Jun 29th, 2009 at 05:28:54 AM EST
[ Parent ]
Apparently the President is the scion of a wealthy family, turned populist. He is allied with Chávez and his bolivarian movement. He claims to have initially wanted to do "neoliberal" reform and when that became impossible, to try "populist" reforms. He has run up against the opposition of the traditionalists: church, bourgeoisie and military.

This is why Chávez accuses the CIA of being behind the coup. Zelaya, on the other hand, claims that he had the support of the Obama administration before the weekend and wasn't accusing the USA of being behind the coup.

The excuse for the coup has been a Constitutional referendum. The Army was going to be uncooperative in setting up the polling stations etc, so he sacked the chief of staff. But the parliament and the Supreme Court opposed the president´s move and he didn´t name a replacement.

So the situation is very confused.

A man of words and not of deeds is like a garden full of weeds; a man of deeds and not of words is like a garden full of turds — Anonymous

by Migeru (migeru at eurotrib dot com) on Mon Jun 29th, 2009 at 05:44:26 AM EST
[ Parent ]
The following interview was made on Saturday and published on Sunday (teh day of the coup):

"El jefe del Ejército desobedeció a su comandante, que soy yo" · ELPAÍS.com"The head of the army disobeyed his commander, which is me" - ElPais.com
Pregunta. ¿Tiene usted el control del país?Q. Do you have control of the country?
Respuesta. Sí. Sí... Yo creo que de una buena parte sí. Ya distribuimos el material de la encuesta en 15.000 comunidades. Y eso es lo que se trataba de evitar, que distribuyéramos el material. Se usó todo el poder del Estado burgués para impedirlo. Se usaron los jueces, se usaron los militares, los grupos mediáticos. No lo pudieron impedir. Lo distribuimos.A. Yes, yes... I think of a good chunk, we do. We already distributed the material for the referendum in 15,000 communities. And that's what they were trying to avoid, that we distribute the material. All the power of the bourgeois state was used to prevent it. The judges, the military, the media groups, were used. They were not able to prevent it.
P. ¿Y controla al Ejército?Q. And do you control the military?
R. En este momento sí... Lo tengo... mientras no dé órdenes que afecten a los ricos.A. At the moment I do... I have it... as long as I don't give orders affecting the wealthy.
......
P. ¿Cómo se le puede llamar a lo que está pasando aquí?Q. How can one call what is going on here?
R. Una conspiración para impedir que el pueblo se organice y demande derechos.A. A conspiracy to prevent people from organising and demanding rights.
......
P. ¿Cuál es su modelo?Q. What is your model?
R. Mire. Yo me he ubicado en un centro-izquierda como Gobierno, porque practico ideas liberales, pero con una tendencia socialista, social, muy acercada a integrar al ciudadano a sus derechos.A. Look. I have placed myself on the centre-left as a Government, because I practise liberal ideas, but with a socialist tendency, a social one, very close to integrating the citizen with their rights.
P. Pero usted no es un hombre que procedía de la izquierda...Q. But you are not a man who came from the left...
R. Así es, yo vengo más bien de sectores muy conservadores.A. That's right, I come from very conservative sectors.
P. Y en qué momento se cae del caballo...Q. And when did you fall off the horse...
R. Ja, ja... No, más bien, en qué momento me subo al caballo... Mire, yo pensé hacer los cambios desde dentro del esquema neoliberal. Pero los ricos no ceden un penique. Los ricos no ceden nada de su plata. Todo lo quieren para ellos. Entonces, lógicamente, para hacer cambios hay que incorporar al pueblo.A. Haha... No, better, when do I get on the horse... Look, I was thinking of doing changes within the neoliberal frame. But the wealthy won't yield one penny. The wealthy won't yield any of their wealth. They want it all for themselves. Then, logically, to make changes one has to bring in the people.
......
P. ¿Qué papel ha jugado EE UU en la intentona de golpe?Q. WHat role has the USA played in the putsch?
R. Pues mire, hay que ser justos. Aquí estaba todo listo para dar un golpe y si la Embajada de EE UU lo hubiera aprobado, hubieran dado el golpe. Pero la Embajada de EE UU no aprobó el golpe. Y fíjese lo que le voy a decir: si ahora mismo estoy aquí sentado, en la Casa Presidencial, hablando con usted, es gracias a Estados Unidos.R. Well, look, we have to be fair. Here everything was ready for a coup and if the US embassy had approved of it, they would have gone ahead with the coup. But the US embassy didn's approve of the coup. And pay attention to what I's saying: if I am here now sitting in the Presidential House, talking to you, it is thanks to the USA.

He claims that there were phone calls into the country from neighbouring coutries, from the OAS, and from the USA which helped stop a coup before the weekend.

A man of words and not of deeds is like a garden full of weeds; a man of deeds and not of words is like a garden full of turds — Anonymous
by Migeru (migeru at eurotrib dot com) on Mon Jun 29th, 2009 at 06:03:02 AM EST
[ Parent ]
On the other hand, the President's referendum was allegedly not allowed by the Constitution, and the President was opposed by the parliament, Supremen Court and military.

So, if the Referendum had gone ahead it would have been called a "self-coup" by an opposition in control of the legislative and judiciary branches of government.

A man of words and not of deeds is like a garden full of weeds; a man of deeds and not of words is like a garden full of turds — Anonymous

by Migeru (migeru at eurotrib dot com) on Mon Jun 29th, 2009 at 06:37:34 AM EST
[ Parent ]
Ugly power struggle?
by Colman (colman at eurotrib.com) on Mon Jun 29th, 2009 at 06:40:06 AM EST
[ Parent ]
At some level the struggle is for influence in the Central America/Caribbean region between Chávez's ALBA and the CAFTA/FTAA.

A man of words and not of deeds is like a garden full of weeds; a man of deeds and not of words is like a garden full of turds — Anonymous
by Migeru (migeru at eurotrib dot com) on Mon Jun 29th, 2009 at 06:54:54 AM EST
[ Parent ]
Chavez tried the same "one-man coup," though, and he was defeated.  If people don't want the President to serve another term, they should vote against a referendum that would allow him to do so, and, failing that, vote against him at the general election.

Neither side's hands look clean in this, but the Honduran President seems the least-wrong.

Be nice to America. Or we'll bring democracy to your country.

by Drew J Jones (myfriends@thisispancakes.com) on Mon Jun 29th, 2009 at 08:08:55 AM EST
[ Parent ]
A similar coup was also tried on Chávez in 2002, with the support of the US and Spain, but it failed in short order. So we'll just have to wait and see. With not a single foreign government in support of the coup it might just fold.

By the way, watch CNN's Elise Labott trying to back the US administration into an inconsistency:

Background Briefing on the Situation in Honduras

QUESTION: Yeah, but now you're invoking the - I'm sorry, but now you're invoking the constitution to return him. So did you think that what he was doing was in line with the constitution?

SENIOR ADMINISTRATION OFFICIAL ONE: No, but there's a big distinction here because, on the one instance, we're conducting about conducting a survey, a nonbinding survey; in the other instance, we're talking about the forcible removal of a president from a country. So I think we can distinguish between those terms - those two in terms of what's constitutional and what might be left to institutions.

But I think what's important to remember about the survey is that it was just that. It wasn't even a formal vote. It was a nonbinding survey. And the issue of whether it was legitimate or illegal did not revolve around the survey itself. It revolved around who conducted it and whether or not this could be conducted by the government and which institution in the government could conduct it, and whether or not as it's being conducted state security forces could be used to both manage and secure the equipment that was being used for the survey and provide security. And that's where the divide occurred within Honduras. It was about who conducted this survey, with several institutions in Honduras insisting that the Honduran Government could not conduct it, at least not in the way that President Zelaya had suggested.

And from our point of view, what was important was not inserting ourselves and trying to make a determination of what was legal or illegal, but trying to insist that the Hondurans find a way to resolve this in a way that was in accord with their constitution.



A man of words and not of deeds is like a garden full of weeds; a man of deeds and not of words is like a garden full of turds — Anonymous
by Migeru (migeru at eurotrib dot com) on Mon Jun 29th, 2009 at 09:37:42 AM EST
[ Parent ]
The proper translation of encuesta is indeed survey not referendum as I rendered. This was a non-binding consultation on whether a referendum should be held. I was not familiar with the details and thought encuesta sounded funny.

A man of words and not of deeds is like a garden full of weeds; a man of deeds and not of words is like a garden full of turds — Anonymous
by Migeru (migeru at eurotrib dot com) on Mon Jun 29th, 2009 at 09:50:39 AM EST
[ Parent ]
Migeru:
He claims that there were phone calls into the country from neighbouring coutries, from the OAS, and from the USA which helped stop a coup before the weekend.
Background Briefing on the Situation in Honduras
QUESTION: Washington Post. There was a report in El Pais newspaper this morning - actually, it was an interview with President Zelaya, in which he said that there had been a coup plot afoot in recent days and it was only stopped by actions of the U.S. Embassy. Can you tell us about that or tell us if that's not correct?

SENIOR ADMINISTRATION OFFICIAL ONE: I think the only thing we can say at this point is that we were very clear with the different sectors of Honduran political life and Honduras's different political institutions that any resolution to the political conflict in Honduras had to be democratic and constitutional, and that we would not abide or support any extra-constitutional actions.



A man of words and not of deeds is like a garden full of weeds; a man of deeds and not of words is like a garden full of turds — Anonymous
by Migeru (migeru at eurotrib dot com) on Mon Jun 29th, 2009 at 09:55:10 AM EST
[ Parent ]
Yeah, instead of getting in front of the cameras and engaging in demagoguery, the Obama people seem to be concentrating on doing actual, you know, work to get the President back in power.

Maybe Hugo Chavez could shut his whore mouth?

Be nice to America. Or we'll bring democracy to your country.

by Drew J Jones (myfriends@thisispancakes.com) on Mon Jun 29th, 2009 at 08:06:51 AM EST
[ Parent ]
Houston Chronicle | US has talked with deposed Honduran leader

WASHINGTON -- U.S. diplomats are working to ensure the safety of deposed Honduran President Manuel Zelaya and his family as they press for restoration of constitutional law and his presidency.

President Barack Obama called Sunday for "all political and social actors in Honduras to respect democratic norms, the rule of law and the tenets of the Inter-American Democratic Charter" as the Central American crisis unfolded.

For those conditions to be met, Zelaya must be returned to power, U.S. officials said.

Knowing trouble was brewing in Honduras over several weeks, the Obama administration warned power players there, including the armed forces, that the United States and other nations in the Americas would not support or abide a coup, officials said. They said Honduran military leaders stopped taking their calls.

Two senior administration officials briefed reporters by phone on condition of anonymity, under ground rules set by the State Department. One predicted a consensus will quickly fall into place across the Americas, via the Organization of American States, that the coup was an "illegal and illegitimate act that cannot stand."



Be nice to America. Or we'll bring democracy to your country.
by Drew J Jones (myfriends@thisispancakes.com) on Sun Jun 28th, 2009 at 09:20:33 PM EST
[ Parent ]
France 24 | Tehran arrests eight local British embassy staff members | France 24
Iran has arrested eight staff members at the British embassy in Tehran (pictured) on accusations of having a role in post-election riots. Iran's foreign minister has said ties with Britain may be downgraded after both governments expelled diplomats.

AFP - Iran has arrested eight local staff at the British embassy in Tehran on accusations of having a role in post-election riots, the Fars news agency reported on Sunday.

"Eight members of the local staff at the British embassy who had a considerable role in the recent riots have been arrested," the agency said without quoting a source.

by Fran (fran at eurotrib dot com) on Sun Jun 28th, 2009 at 11:04:33 AM EST
[ Parent ]
BBC NEWS | Middle East | UK fury as staff arrested in Iran

The UK has demanded the immediate release of Iranian staff at its Tehran embassy who were arrested on Saturday.

Iranian media earlier reported that eight local staff at the mission had been detained for their "considerable role" in post-election riots.

UK Foreign Secretary David Miliband called the arrests "harassment" and dismissed the allegations as baseless.

Relations between the countries are strained after Tehran accused the UK of stoking unrest, which London denies.

Iran has repeatedly accused foreign powers - especially Britain and the US - of stoking the unrest that swept the country after the 12 June election, which handed President Mahmoud Ahmadinejad a decisive victory.

by Fran (fran at eurotrib dot com) on Sun Jun 28th, 2009 at 11:16:05 AM EST
[ Parent ]
U.S. and Russia Differ on a Treaty for Cyberspace - Series - NYTimes.com
The United States and Russia are locked in a fundamental dispute over how to counter the growing threat of cyberwar attacks that could wreak havoc on computer systems and the Internet.

Both nations agree that cyberspace is an emerging battleground. The two sides are expected to address the subject when President Obama visits Russia next week and at the General Assembly of the United Nations in November, according to a senior State Department official.

But there the agreement ends.

Russia favors an international treaty along the lines of those negotiated for chemical weapons and has pushed for that approach at a series of meetings this year and in public statements by a high-ranking official.

by Fran (fran at eurotrib dot com) on Sun Jun 28th, 2009 at 11:09:10 AM EST
[ Parent ]
Al Jazeera English - CENTRAL/S. ASIA - US to reverse Afghan opium strategy

The United States is to dramatically overhaul its anti-drug strategy in Afghanistan, phasing out its opium poppy eradication programme, the US envoy to Pakistan and Afghanistan has said.

Richard Holbrooke said on Saturday that poppy eradication - for years a cornerstone of US and UN drug trafficking efforts in the country - was not working and was only driving Afghan farmers into the hands of the Taliban.

"Eradication is a waste of money," Holbrooke said on the sidelines of a G8 foreign ministers' meeting on Afghanistan, during which he briefed regional representatives on the new policy.

"It might destroy some acreage, but it didn't reduce the amount of money the Taliban got by one dollar.

"It just helped the Taliban. So we're going to phase out eradication," he said.

by Fran (fran at eurotrib dot com) on Sun Jun 28th, 2009 at 11:10:00 AM EST
[ Parent ]
Al Jazeera: Gaza 'war crimes' hearing under way

A public hearing organised by a UN team investigating alleged war crimes by Israel and Hamas during the Gaza war is under way.

The public hearings, which are a part of the information-gathering work of the fact-finding mission, will enable victims, witnesses and experts from all sides in the conflict to speak directly to the international community.
by Sassafras on Sun Jun 28th, 2009 at 02:34:52 PM EST
[ Parent ]
Greasyy Nº 6 | The Hill | 26 June 2009

Obama included a five-paragraph signing statement with the bill, including a final paragraph that outlined his objections to at least four areas of the bill....

"Provisions of this bill...would interfere with my constitutional authority to conduct foreign relations by directing the Executive to take certain positions in negotiations or discussions with international organizations and foreign governments, or by requiring consultation with the Congress prior to such negotiations or discussions," Obama said in a statement. "I will not treat these provisions as limiting my ability to engage in foreign diplomacy or negotiations," he added.

The sections in question would compel the administration to direct its World Bank representatives to pressure that institution to use metrics that "fairly represent the value of internationally recognized workers' rights. Organized labor groups had pushed for a revision of those standards.

The World Bank section would also push the bank to account for the costs of greenhouse gas in pricing out projects, and would require development banks to more fully disclose operating budgets....

According to the University of California at Santa Barbara's "American Presidency Project," Obama has issued five other signing statements since taking office.

Hmmm 'War Bill'? | CBS | 18 June 2009

The Senate passed the measure on a one-sided 91-5 vote despite complaints from several senators about the add-ons that pushed the total more than $20 billion above the funding request Obama made two months ago. The House approved the bill on Wednesday by a much closer 226-202 vote.

The White House and its Democratic allies insisted that this will be the last time Congress will be compelled to pass an emergency war bill, or supplemental, that is outside the normal budget process and thus goes directly to an increase in the national debt.

a/k/a H.R. 2346 a/k/a Gitmo Relocation Manual

Diversity is the key to economic and political evolution.

by Cat on Sun Jun 28th, 2009 at 08:04:52 PM EST
[ Parent ]
links to GPO pdf records--

BHO list, Presidential signing statements, 2009

  • H.R. 1, the American Recovery and Reinvestment Act of 2009 (P.L. 111-5)
  • H.R. 1105, the Omnibus Appropriations Act, 2009 (P.L. 111-8)
  • H.R. 146, the Omnibus Public Land Management Act of 2009 (P.L. 111-11)
  • S. 386, the "Fraud Enforcement and Recovery Act of 2009" (P.L. 111-21)
  • H.R. 131, an act establishing the Ronald Reagan Centennial Commission (P.L. 111-25)
  • H.R. 2346, the "Supplemental Appropriations Act, 2009"

NB. Two versions of H.R.2346 statement. Following is text as entered into the Federal Register.

Statement on Signing the Supplemental Appropriations Act, 2009
June24,2009

I want to thank the Members of Congress who put politics aside and stood up to support a bill that will provide for the safety of our troops and the American people. This legislation will make available the funding necessary to bring the war  in Iraq to a responsible end, defeat terrorist networks in Afghanistan, and further prepare our Nation in the event of a continued outbreak of the H1N1 pandemic flu.

How innocuous. The other is a presidential statement published by the Office of the Press Secretary, the "five paragraphs," 26 June 2009,of which only one sentence, the last, is newsworthy.

Today I have signed into law H.R. 2346, the "Supplemental Appropriations Act, 2009." This Act provides the necessary resources for our troops while supporting ongoing diplomatic and development efforts around the world.

We face a security situation abroad that demands urgent attention. The Taliban is resurgent and al Qaeda is increasing its attacks from its safe haven along the Afghanistan-Pakistan border. The funding provided in this Act will ensure that the full force of the United States is engaged in an overall effort to defeat al Qaeda and uproot this safe haven.

At the same time, funding contained in this Act will provide resources to help create political and economic stability in post-conflict areas. These funds will assist Afghans and Iraqis in protecting and sustaining their infrastructure and building their capacity for more responsive and transparent governance. The Act also provides critical support for continued U.S. diplomatic and development activity in Iraq, Afghanistan, and Pakistan.

In addition, this Act includes funding for other domestic and international issues, including nearly $8 billion to enhance our Nation's capability to respond to the potential spread of the H1N1 flu outbreak. It also expands the resources available to the International Monetary Fund (IMF) by allowing it to boost its lending ability. Many developing countries are experiencing severe economic decline and a massive withdrawal of capital, and the IMF needs to make sure it has the resources necessary to effectively respond to the current financial crisis.

However, provisions of this bill within sections 1110 to 1112 of title XI1, and sections 1403 and 1404 of title XIV2, would interfere with my constitutional authority to conduct foreign relations by directing the Executive to take certain positions in negotiations or discussions with international organizations and foreign governments, or by requiring consultation with the Congress prior to such negotiations or discussions. I will not treat these provisions as limiting my ability to engage in foreign diplomacy or negotiations.

For comic relief, see also:

GWB list, Presidential signing statements, 2001-2008

-------------
Section numbers are stripped from HTML display of the bill as enrolled. See pdf.
1 Department of State, Administration of Foreign Affairs, Diplomatic and Consular Programs (Including Transfer of Funds): §1110-1112 provides an amendment to 22 USC re: Climate Change Mitigation and Greenhouse Gas Accounting that authorizes Treasury to ensure "multilateral development banks rigorously evaluate" impact of financial operations on "country environmental and social safeguard sytems." This proposal for stress testing trade counterparties is called "Reform of the 'Doing Business' Report of the World Bank."
2 Other Matters, International Assistance Programs, International Monetary Programs, United States Quota, International Monetary Fund: §1403 authorizes Treasury "oversight and accountability" of "avoiding" duplication of missions and programs," in particular the Fund to a Heavily Indebted Poor Country (say, Palau). §1404 instruct the Treasury to instruct the US executive director at each of the International Financial Institutions to oppose loans to countries (excluding Palau) that provide support to "international" terrists.

Incidentally, §14101 et seq is the text of the INHOFE et al amendments prohibiting transfer and funding of Gitmo prisoners within the US.

Diversity is the key to economic and political evolution.

by Cat on Mon Jun 29th, 2009 at 12:26:19 PM EST
[ Parent ]
 LIVING OFF THE PLANET 
 Environment, Energy, Agriculture, Food 

by Fran (fran at eurotrib dot com) on Sun Jun 28th, 2009 at 10:59:36 AM EST
Britain's green shame - Green Living, Environment - The Independent
Jonathon Porritt steps down from Blair's sustainability commission with UK still second-worst greenhouse gas emitter in Europe

When it comes to environmental sustainability, the prognosis is grim: Britain is "winning battles, but still losing the war".

The UK is failing to hit a raft of key targets on sustainable living, according to a new report to be published this week. In its critical analysis, released on Wednesday, the Sustainable Development Commission (SDC) warns that progress on a number of green targets has been "undermined by stasis or even reversion". Jonathon Porritt, outgoing SDC chair and one-time "green guru" to Tony Blair, claims sustainability plays second fiddle to the drive for consumption-driven economic growth. "The thing that stands out is the very limited progress we've made on reducing inequity in our society... it's a startling indictment of this Government that more people will be living in fuel poverty at the time of next election than were living in fuel poverty in 1997," he said.

The "review of progress on sustainable development" details how the "Securing the Future" strategy launched by Tony Blair in 2005 has failed in a number of areas. It says Britain remains the EU's second-largest emitter of greenhouse gases and is not on track to meet its target of a 20 per cent reduction in CO2 emissions by 2010.

by Fran (fran at eurotrib dot com) on Sun Jun 28th, 2009 at 11:18:46 AM EST
[ Parent ]
Independent: A £180m weeding job: The lake that has shrunk to half its original size

Kashmir's Dal Lake is dying, choked by algae that thrives on pollution. But a plan to clean it up threatens the livelihoods of local people

On the east of the lake boatmen were hauling out weeds on behalf of the local authorities. On this side, however, the boatmen gathering the dark-green algae were farmers collecting it for their own use. Mr Dar, 62, who has been working as a boatman for 50 years, paddled to one of the lake's numerous floating gardens where, on a buoyant "field" made of reeds and composted weeds, the farmers raise a variety of crops.

"I grow tomatoes, melons, cucumbers and marrows," said Gulam Hassan, who was gathering weeds, leaning with all his weight on the supple willow pole to lever his dripping green haul from the water.

by Sassafras on Sun Jun 28th, 2009 at 02:31:59 PM EST
[ Parent ]
 LIVING ON THE PLANET 
 Society, Culture, History, Information 

by Fran (fran at eurotrib dot com) on Sun Jun 28th, 2009 at 11:00:07 AM EST
France 24 | Hundreds of thousands celebrate Gay Pride in Paris and Berlin | France 24
Hundreds of thousands took to the streets in Paris and Berlin to take part in Gay Pride parades and call for equal rights. US actress and diva Liza Minnelli lent her star power to the event ahead of a performance in the French capital.

AFP - Hundreds of thousands on Saturday marched through Paris and Berlin in flamboyant Gay Pride parades with US showbiz diva and gay icon Liza Minnelli mesmerising crowds in the French capital.
   
Minnelli, who takes to the stage later Saturday in the French capital, a city which also holds fond memories for the star of her film director father, dazzled with a brief dance routine.
   
"Freedom," she cried, dancing on a float festooned with multi-coloured balloons in the gay movement's symbolic rainbow hues.
   
Organisers said about 700,000 people attended the event but police put the number at some 200,000.

by Fran (fran at eurotrib dot com) on Sun Jun 28th, 2009 at 11:08:19 AM EST
[ Parent ]
European leaders celebrate Iron Curtain fall in Hungary | Europe | Deutsche Welle | 27.06.2009
European leaders have assembled in the Hungarian capital Budapest to mark the 20th anniversary of the symbolic fall of the Iron Curtain that divided the continent during the four tense decades of the Cold War. 

Bildunterschrift: Großansicht des Bildes mit der Bildunterschrift:  German President Horst Koehler stressed the role Hungary played in the fall of the Iron Curtain

Heads of state and government of over a dozen European nations including Germany, Austria, Finland, Slovenia and Switzerland, as well as top officials from Poland and Britain, were among dignitaries from more than 20 countries joining a commemorative session at the Hungarian parliament.

German President Horst Koehler thanked Hungarians for their solidarity with the East Germans and their contributions to German unity.

"I would like to express my gratitude to the Hungarian people for their bravery, attitude and support toward the East Germans," he said.

by Fran (fran at eurotrib dot com) on Sun Jun 28th, 2009 at 11:12:06 AM EST
[ Parent ]
British forces past and present are celebrated on inaugural Armed Forces Day - Telegraph
Thousands of people lined the streets on Saturday to celebrate Britain's first Armed Forces Day.

Side by side they marched, the veterans of World War II and the serving soldiers of more recent conflicts, age and youth united in the pride of service to their country.

All across Britain on Saturday, thousands thronged the streets - from Aberdeen to Worthing, from Barnet to Birmingham - to celebrate Britain's first Armed Forces Day.

by Fran (fran at eurotrib dot com) on Sun Jun 28th, 2009 at 11:12:26 AM EST
[ Parent ]
 PEOPLE AND KLATSCH 

by Fran (fran at eurotrib dot com) on Sun Jun 28th, 2009 at 11:00:32 AM EST
Leonid Rozhetskin : Russia's missing tycoon - Times Online

This multi-millionaire had a beautiful wife, a string of gay lovers, a budding career as a Hollywood producer, and links to the Kremlin. Then a year ago he vanished -- leaving a web of sordid intrigue behind him.

Wanted by prosecutors in Moscow over a bitter business dispute, the Russian-born American multi-millionaire had sought refuge in London. He moved his wife and three-year-old son to Mayfair and liked to lunch at the Wolseley on Piccadilly and dine at Nobu, a trendy Japanese restaurant. He bought a £3m mansion and co-founded the business free sheet City AM.

An indefatigable partygoer, Leonid Rozhetskin found London staid compared to Los Angeles, where he had lived briefly after fleeing Russia. But, recall his friends, it was more suitable for his family. And crucially, it was where he felt safest. In mid-March last year, however, Rozhetskin, who had fallen out with a powerful Kremlin insider, felt he had to get away from London and the family for the weekend. Lulled into a false sense of security, he boarded his private jet and headed for Latvia, the former Soviet state.

Rozhetskin had not visited his luxury villa on the country's Gulf of Riga for months. Only a three-hour drive to the east, the border with Russia was too close for comfort. But, by now, the murky business dispute that had made him flee Russia was all but resolved. Few people knew he was flying in, and he would only stay for 48 hours. He would be safe, or so he reasoned, and set off without bodyguards.

[Murdoch Alert]
by Fran (fran at eurotrib dot com) on Sun Jun 28th, 2009 at 11:14:53 AM EST
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Guardian: Tax fraud case rocks champion of India's lowest caste

Kumari Mayawati Das, the low-caste champion who became a political star in the run-up to the recent Indian general elections, has become embroiled in fraud allegations, amid accusations that success has gone to her head.

But even that crisis is dwarfed by the scale of the latest disaster to befall the 53-year-old politician. An investigation by the income tax authorities into her vast personal fortune has concluded that she has been dramatically understating the scale of her income for a number of years. As a result, she is now facing a 100m rupees tax bill (£1.25m) after the revenue decided her real income for one year alone [2006-7] was 220m rupees, rather than the 22m she had declared.

At the root of the financial inquiry is the question of whether the millions of rupees presented to Mayawati every year by supporters and those seeking favour as "birthday presents" constitute income. The investigators think so and are determined to overturn an earlier decision to grant her tax relief on the "presents". They believe the "presents" amount to income and noted that after her birthday her bank balance swelled significantly.

by Sassafras on Sun Jun 28th, 2009 at 01:33:34 PM EST
[ Parent ]

The band put together to get the Swedish brand guru a girlfriend just completed its summer mini-tour with a gig in Stockholm. The singer has laryngitis, so my daughter stepped in at the last moment. I went along for the ride.

You can't be me, I'm taken

by Sven Triloqvist on Mon Jun 29th, 2009 at 01:51:58 AM EST
[ Parent ]


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