European Salon de News, Discussion et Klatsch - 19 July

by Fran
Sat Jul 18th, 2009 at 02:07:20 PM EST

 A Daily Review Of International Online Media 


Europeans on this date in history:

1919 – Birth of Miltos Sachtouris, a Greek poet, who received several awards for his poetic works, the most recent being the 2003 Grand State Literature Prize for his life's work. (d. 2005)

More here and here

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When locusts move on, they leave nothing behind

by afew (afew(a in a circle)eurotrib_dot_com) on Sat Jul 18th, 2009 at 10:08:20 AM EST
EurActiv.com - Romanian MEPs blast Commission report | EU - European Information on Enlargement & Neighbours

The eleven Romanian MEPs from the Socialist & Democrats group in the European Parliament issued a statement expressing "serious concern" about the draft report, which they claimed is of poor quality. 

"The publication of the report in its present form could create more problems that it can solve," the MEPs state. 

Since December 2008, Romania's PSD (Social Democrats) party have been part of a grand coalition with the EPP-affiliated PDL (Democratic Liberals), who are close to President Traian Basescu (EurActiv 15/12/09). 

"A situation could be reached whereby both the European Parliament and the Romanian government reject the report in its totality as undemocratic and counter-productive in the fight against corruption," the MEPs warned. 

The reports on the state of play in Bulgaria and Romania in the fields of the judicial reform and the fight against corruption under the so-called Cooperation and Verification Mechanism (CVM) will be published on 22 July



When locusts move on, they leave nothing behind
by afew (afew(a in a circle)eurotrib_dot_com) on Sat Jul 18th, 2009 at 11:47:22 AM EST
[ Parent ]
Cohn-Bendit: Barroso not credible as President - EU Parliament : news, interview | euronews

Daniel Cohn-Bendit
"Mr Barroso was incapable of leading an independent Commission which held its own against the Council,.and that's the problem. You know, Europe is an institutional triangle: a Commission, a Council and a Parliament. If the President of the Commission is simply the Secretary General of the Council, meaning the governments, European democracy cannot work. And that's my biggest problem with Mr Barroso. Mr Barroso, when he needed to take a position... the Commission has the right to take initiatives without going to the Council for permission, the Council should respond to its initiatives, to launch a debate so that real European politics can emerge...and Mr Barroso did not do that."

Kirsten Ripper
"And who would be the best candidate?"

Daniel Cohn-Bendit
"There are lots, there are lots. There isn't just one best candidate. You could turn to the left. You could start with Mr Joscchka Fischer, or the Danish Social Democrat, Mr Rasmussen, or Mr Monti, Mr Verhofstadt. You also have Mrs Mary Robinson or Chris Patten. You have a choice of possibilities who would be very capable peronsalities to lead an independent Commission. I know there'll be a centre-right majority, but there'll also be a lack of personalities of the same stock as the heads of government."

Kirsten Ripper
"Your preference would be Joschka Fisher?"

Daniel Cohn-Bendit
"My preference, I think Mr Joschka Fisher would be a very good president of the Commission, but I know that he wouldn't have a majority, it's not that.... I mean, we're led to believe that there's only one man in Europe today capable of being the Commission President and that's Mr Barroso, and that's absurd."



When locusts move on, they leave nothing behind
by afew (afew(a in a circle)eurotrib_dot_com) on Sat Jul 18th, 2009 at 12:00:04 PM EST
[ Parent ]
UK Conservatives lose leadership of new group | Policies | EU governance | Parliament | European Voice
Renegade Tory kicked out of party and group as Michal Kaminski is elected leader of the ECR group.

The UK Conservatives have lost the leadership of the new political group that they formed in the European Parliament, after a rebellion by one of their EU-friendly members.

The 55-member anti-federalist European Conservatives and Reformists (ECR) group was formed by 26 MEPs of the UK Conservatives in June, with 15 MEPs from the Polish Justice and Law party, nine Czech Civic Democrats and another five MEPs from five other countries.

But Edward McMillan-Scott, a UK Conservative MEP since 1984 and a vice-president of the Parliament since 2007, defied his party bosses and stood as an independent candidate for vice-president.

As the ECR's candidate for a Parliament vice-presidency, Polish MEP Michal Kamin´ski of the Justice and Law Party had expected to get elected. When he lost out, the Polish members of the ECR sought revenge in the elections for the group leadership. Kamin´ski was elected group leader ahead of Timothy Kirkhope, leader of the UK Conservative delegation.

McMillan-Scott was elected to a vice-presidency because German centre-right MEPs were trying to prevent German Liberal MEP Silvana Koch-Mehrin from being elected and wanted a 15th candidate to stand for the 14 posts of vice-president.

Koch-Mehrin had annoyed them with what they saw as attempts during the European Parliament elections campaign to hide her poor attendance record.

She also upset male MEPs with a magazine interview in which she claimed that prostitutes flocked to Strasbourg during plenary weeks because of the increased business opportunities.



When locusts move on, they leave nothing behind
by afew (afew(a in a circle)eurotrib_dot_com) on Sat Jul 18th, 2009 at 12:04:15 PM EST
[ Parent ]
All of Cameron's plans come apart in his hands. This is the man the Republicans are looking to as their saviour

Telegraph - David Cameron's a clear winner (in the States)

At home, Cameron is frequently berated for putting style over substance. His critics, even those in his own party, complain that he's failed to make the kind of headway he should have done when the Labour Government is in such a sorry state. But across the pond, the Republicans don't see vacuity or inadequacy: they see a winner. Cameron may say he's not yet measuring the curtains at No 10, but the Republicans are doing it for him. They're convinced not only that his party is headed for a win, but also that they can learn from Cameron's Tory turnaround.

Yes, please learn. The next door to on your path to oblivion lies through Cameron

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Sat Jul 18th, 2009 at 03:30:35 PM EST
[ Parent ]
Well with a deeply unpopular prime minister, looking over a Financial disaster presided over by the government, and a couple of unpopular wars, when the "Charismaticly led" opposition can't scrape up to 40% Then its hardly an advertisment for successful campaigning is it.

I'm tired of this backslapping, aint humanity great BS, we're a virus with shoes Bill Hicks
by ceebs (ceebs (at) eurotrib (dot) com) on Sat Jul 18th, 2009 at 03:40:06 PM EST
[ Parent ]
FT.com / Brussels / Energy - Brussels unveils plans to tackle gas crisis
European Union member states must draw up plans to endure a 60-day gas supply disruption in cold weather conditions, according to a directive proposed by the European Commission on Thursday to strengthen the bloc's energy security.

The directive would also lower the threshold for the commission to declare an EU-wide gas emergency and give it greater authority to co-ordinate a response in such instances, including representing the bloc in dealings with outside countries.

The directive was unveiled amid rising fears that another dispute between Russia and Ukraine over gas payments could boil over into a replay of the January crisis that left thousands across Europe without fuel in the height of winter.

The EU relies on Russia for about a quarter of its gas supplies, some 80 per cent of which flow through Ukraine.



When locusts move on, they leave nothing behind
by afew (afew(a in a circle)eurotrib_dot_com) on Sat Jul 18th, 2009 at 12:08:19 PM EST
[ Parent ]
He, as pretty much all gas consuming countries in the EU except the UK already have large underground gas stores... ;)

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid (arvid.hallen at gmail.com) on Sat Jul 18th, 2009 at 04:41:28 PM EST
[ Parent ]
China quarantines British school group over swine flu fears | World news | guardian.co.uk

A group of British schoolchildren and their teachers have been quarantined in China after four of the students were hospitalised with suspected swine flu, the Foreign Office said today.

The group of 52, who were travelling as part of a wider group of 278, were confined to their hotel in Beijing as part of Chinese efforts to contain the spread of the virus. They are due to return home on 27 July.

The move comes after another British student was quarantined in China for two days this week after screening on arrival showed him to have a temperature. No illness developed.

China has reported 1,537 cases of swine flu, with no fatalities to date. Some of its measures have been criticised as excessive as Beijing tries to recover some credibility after its handling of the Sars outbreak in 2003.

Italy's health ministry has advised it citizens to take "extra precautions" when travelling to the UK due to the sharp increase in swine flu cases in Britain.



There's no such thing as original sin - Elvis Costello
by dvx (dvx.clt ät gmail dotcom) on Sat Jul 18th, 2009 at 01:01:52 PM EST
[ Parent ]
Merkel calls for unity ahead of national elections | Germany | Deutsche Welle | 18.07.2009
German Chancellor Angela Merkel has called for unity among squabbling conservatives in the lead-up to September's elections. Merkel is relying on Bavarian conservative Horst Seehofer to help put her back in office. 

With only a few short months to go before Germany's federal elections, Chancellor Angela Merkel is leaving no stone unturned as she strives to get her party, the Christian Democrats (CDU), returned to government. This time, she wants to rule without having to form a coalition with the left-wing Social Democrats.

Current polls suggest that she will be able to achieve that goal. Yet to do so, the CDU and Christian Social Union (CSU) - the CDU's sister party in the southern state of Bavaria - would then form a coalition with the business-friendly Free Democrats (FDP).

Yet relations between the conservative CDU and CSU, which form a single parliamentary bloc in Berlin, have been strained of late. The CSU has challenged Merkel's position on two major issues: the European Union's Lisbon Treaty and taxes.

Merkel wants Germany to ratify the Lisbon Treaty before the election on September 27 but the CSU - traditionally more euro-skeptic than the CDU - wants German law to be changed first, which would likely delay ratification of the treaty until after the election. The CSU is also demanding a timetable for tax cuts.



There's no such thing as original sin - Elvis Costello
by dvx (dvx.clt ät gmail dotcom) on Sat Jul 18th, 2009 at 01:02:50 PM EST
[ Parent ]
John Rentoul - Lib Dems on the march
The Liberal Democrats are within one percentage point of Labour in tomorrow's ComRes poll for The Independent on Sunday.


I'm tired of this backslapping, aint humanity great BS, we're a virus with shoes Bill Hicks
by ceebs (ceebs (at) eurotrib (dot) com) on Sat Jul 18th, 2009 at 02:45:05 PM EST
[ Parent ]
Is that because the Lib Dems are up or Labour is down?

The peak-to-trough part of the business cycle is an outlier. Carnot would have died laughing.
by Migeru (migeru at eurotrib dot com) on Sat Jul 18th, 2009 at 02:56:47 PM EST
[ Parent ]
A combination, plus all the smaller parties that had a boost from the European Elections are now slipping back, and the LibDems are hoovering up the protest votes.

I'm tired of this backslapping, aint humanity great BS, we're a virus with shoes Bill Hicks
by ceebs (ceebs (at) eurotrib (dot) com) on Sat Jul 18th, 2009 at 03:02:34 PM EST
[ Parent ]
Hung parliament FTW!

The peak-to-trough part of the business cycle is an outlier. Carnot would have died laughing.
by Migeru (migeru at eurotrib dot com) on Sat Jul 18th, 2009 at 03:08:08 PM EST
[ Parent ]
well theres usually a 3 or 4 percent swing to the Lib Dems from both of the other 2 parties during the course of the general election campaign which if you let the situation slip another couple of percentage points from the current situation between the opposition parties, still gives roughly a 50 seat advantage to the tories. It would put the LibDems within about 20 seats of becoming the official opposition, having pushed Labour into 3rd place.

I'm tired of this backslapping, aint humanity great BS, we're a virus with shoes Bill Hicks
by ceebs (ceebs (at) eurotrib (dot) com) on Sat Jul 18th, 2009 at 03:22:27 PM EST
[ Parent ]
still gives roughly a 50 seat advantage to the tories

Is that a 50-seat plurality or a 50-seat majority?

The peak-to-trough part of the business cycle is an outlier. Carnot would have died laughing.

by Migeru (migeru at eurotrib dot com) on Sat Jul 18th, 2009 at 03:44:05 PM EST
[ Parent ]
Thats a 50 seat absolute majority, over the entirety of all other parties put together. If it got just into the  narrowly hung parliament, where the Ulster Unionists were the extra lump to push the Tories over the top, then that I think could be the Biggest threat to the NI peace process.

I'm tired of this backslapping, aint humanity great BS, we're a virus with shoes Bill Hicks
by ceebs (ceebs (at) eurotrib (dot) com) on Sat Jul 18th, 2009 at 03:50:09 PM EST
[ Parent ]
Guardian - Bulgarian election raises red flags

As Bulgaria's new parliament convenes this week, Boiko Borissov - a flamboyant, populist wrestler-cum-politician with anti-Turkish, anti-Gypsy tendencies - is poised to become the next prime minister of south-east Europe's second-largest country.

Coming just weeks after the European parliamentary elections, the Bulgarian national elections provided the first test of an incumbent central European government since the onset of the global recession. If Bulgaria's experiences are any indication, the combination of rising unemployment, falling social spending and scepticism over the government's ability to address the economic crisis may present a windfall to parties on the edges of the political mainstream.

an interesting article even if the conclusion is laugh out loud stupid

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Sat Jul 18th, 2009 at 06:22:58 PM EST
[ Parent ]
Silence Broken On Red Army Rapes In Germany | NPR
This week, the American premiere of the German film A Woman in Berlin brings new attention to an issue long considered a taboo in Germany: the mass rape of women by Soviet Red Army soldiers after the fall of Hitler's Third Reich

<...>

Dr. Phillip Kuwert, a senior physician at the University of Greifswald's department of psychotherapy and psychiatry, estimates that about 200,000 children were conceived by native German women raped by Russian soldiers.

So far, Kuwert has interviewed 35 elderly German women who were raped in 1945. The study's main goal is not to offer the victims counseling but to document the long-term impact of rape trauma. Kuwert hopes to finally document these women's stories before all the victims die off.

"They found it very touching, most of them, and important that they get a voice. Even a late voice is better than no voice," he says.

Still, Kuwert chooses his words carefully. Germany has struggled with how to process the Nazis' genocide and terror. And until relatively recently, it was hard for researchers and scientists like Kuwert to look at non-Jewish Germans as victims.

"Before the wartime mass rape in Germany, also the German troops committed a lot of rapes mainly in Eastern Europe. And, of course, there was also a lot of sexualized violence in the concentration camps. I find it very important to mention that, not to come into any kind of doubt that I'm not trying somehow to minimalize the suffering of the people under the German Nazi occupation," he says.



Truth unfolds in time through a communal process.
by marco (cowannar at gmail punkt com) on Sun Jul 19th, 2009 at 08:12:02 AM EST
[ Parent ]
 ECONOMY & FINANCE 



When locusts move on, they leave nothing behind

by afew (afew(a in a circle)eurotrib_dot_com) on Sat Jul 18th, 2009 at 10:08:50 AM EST
Summers Says Stimulus Plan on Track Despite Job Losses - NYTimes.com

WASHINGTON -- President Obama's top economic adviser, Lawrence H. Summers, acknowledged in a speech on Friday that unemployment and job losses were higher than the administration projected and would rise further this year even as the economy showed signs of recovery.

"This is obviously a major area of concern," he said. But Mr. Summers, defending the president's $787 billion stimulus package of last February against recent criticism from Republicans and some analysts, said rising job losses were "not a basis for concluding that the recovery act is falling short of its goals."

The White House adviser said the two-year stimulus plan of tax cuts and new spending was timed to peak during 2010, with 70 percent of its benefits to be distributed to local governments, businesses and families in the first 18 months. "We are on track to meet that timeline," he said.

Mr. Summers, in what the White House billed as "a progress report" on rescuing the economy, pointed out that other independent forecasters also underestimated job losses. He said no one knew for sure why employers had shed so many workers in this downturn. But he suggested several factors: greater productivity that allowed firms to do the same work with fewer workers, bigger financial pressures on companies, and employers' expectations of a prolonged recession.



When locusts move on, they leave nothing behind
by afew (afew(a in a circle)eurotrib_dot_com) on Sat Jul 18th, 2009 at 11:24:52 AM EST
[ Parent ]
Economics and Politics - Paul Krugman Blog - NYTimes.com

The speech Larry Summers gave at the IIE was sensible and clear-headed. But his discussion of the stimulus and its size was disappointing -- and, I hope, somewhat disingenuous.

What Larry said:

The size of the stimulus reflected a balance of several considerations: the size of the likely output gap that the economy was facing, the difficulties of ramping up spending and then ramping it back down after recovery in a high budget-deficit environment, the question of how much could be spent both quickly and productively, and the recognition that the Recovery Act was just one of several initiatives by the Administration that would have a dynamic impact on the state of the economy.

Look: it was really clear, even in January, that the stimulus wasn't remotely big enough to close the output gap. My analysis at the time here and here.

[...]

The point is that I can respect the argument that this was all the administration could do, politically. I can't feel equal respect for the argument that this was all it should have done, economically.



There's no such thing as original sin - Elvis Costello
by dvx (dvx.clt ät gmail dotcom) on Sat Jul 18th, 2009 at 01:40:39 PM EST
[ Parent ]
The story of the "stimulus" was 90% political.  Obama needed to pass something and right away.  Rember that over the previous 5 months the Bush gang (Paulson, et al) had gotten $700 billion no questions asked (literally) for the bankers and done absolutely nothing for anybody else.

Consider also that a new administration began Jan 20th and many staffers still don't have desks in July.  To expect much more in such a short time is too much.  

I think everyone expected a further "stimulus" and it was basically implied at the time of passage.  In February it was important to pass something, to get the ball rolling, the concept sold and the congressional machine oiled.  As Obama checks major policy goals off his list each month (healthcare coming up, looking promising) his power increases.  One lesson from the Clinton admin was to make sure to do things in the correct order, this is a lesson the Obama admin has been all over.  

If Obama can get the public-option healthcare bill through, which seems fairly likely at the moment, he will be sitting on a ton of political capital and popular goodwill.  All it will take now for a real stimulus package (that actually does something other than spread cash about) will be a return to the economic shocks of last September/October.  Rumors and expectations I'm seeing time that for the end of August so expect the stimulus talk to heat up in that time frame.

by paving on Sun Jul 19th, 2009 at 08:08:54 AM EST
[ Parent ]
Young Hit Worst by British Joblessness - BusinessWeek

Unemployment has soared by a record 281,000 in three months to total 2.38 million, the highest since before New Labour came to power.

Some 7.6 per cent of the workforce is jobless, the highest rate since January 1997, and up by three-quarters-of-a-million on this time last year. The increase over the last quarter was the steepest since the severe recession of 1981.

About 1.6 million people are claiming unemployment benefits. Economists called the data "truly horrible". The West Midlands has become the first British region in the current recession to see its unemployment rate reach double figures: 10.3 per cent.

Young people are bearing the brunt of the pain. Gordon Brown made his political reputation in the 1980s and 1990s railing against the waste of human talent during the Conservatives' rule, yet today one in five 18-to-24 year olds is jobless; 726,000 youngsters are looking for work. That toll will jump dramatically as more school leavers and graduates sign on this summer.

Concern about the economic and social costs of supporting a lost generation of "neets" - those not in employment, education or training schemes - continues to grow. Poignantly, those now leaving school aged 16 and trying to find work or in further education to avoid unemployment will have started primary school in 1997.



When locusts move on, they leave nothing behind
by afew (afew(a in a circle)eurotrib_dot_com) on Sat Jul 18th, 2009 at 11:25:17 AM EST
[ Parent ]
Japan Inc: back to basics as U.S. model discredited | Special Coverage | Reuters

TOKYO (Reuters) - Leaders of Japan Inc. believe they have learnt a lesson from the global economic crisis -- namely that the U.S. business model with its eye on short-term gains has failed and it's time to return to longer-term strategies.

Recent remarks by corporate chiefs from companies like Suzuki Motor Corp (7269.T) and Chugai Pharmaceutical Co (4519.T) underscore a desire of Japan's corporate leaders to reject pressure from what they see as short-term interests to concentrate on more sustainable returns.

In one of the most public displays of the current corporate zeitgeist, Osamu Suzuki, who has steered Suzuki for the last 30 years published an essay in February rejecting what he saw as short-term interests tied to earnings.

His views often attract attention, as analysts credit him for having turned his company into a globally-competitive carmaker by making inroads into India decades before it boomed, and expanding revenue more than tenfold.

Arguing against calls from some securities analysts to depreciate the company's factories gradually so that near-term earnings would not suffer as much, Suzuki said the automaker's long-term interests were better served by writing down the cost quickly.



When locusts move on, they leave nothing behind
by afew (afew(a in a circle)eurotrib_dot_com) on Sat Jul 18th, 2009 at 11:30:02 AM EST
[ Parent ]
Current Corporate Zeitgeist | Bloomberg | 19 July 2009

Risk and compliance managers should report to a non- executive director for "quality assurance," rather than to the executives they monitor, [Paul] Moore said. His idea was rejected yesterday in a preliminary government review of banks by former Bank of England director David Walker. Risk managers should report to both executives and non-executives, Walker said. "Joint reporting lines will never work," Moore said. "It will create an accountability crevasse in which responsibility and honesty will be lost."

Four years after Moore sued HBOS, then Britain's biggest mortgage lender, for unfair dismissal, the cost of the bank's failed loans and investments is still mounting. A month after Lloyds TSB Group Plc bought the lender in a government-brokered takeover in January, HBOS posted a 7.5 billion-pound ($12.3 billion) loss for 2008. The value of the government's 14.5 billion-pound investment in the combined bank has dropped by 43 percent this year....

"Just at the moment when you're at your most blind, Mr. Chief Executive, is when you need somebody who can give you the opposite view," Moore said.

Moore said he has presented his proposals to opposition Liberal Democrat Treasury spokesman Vince Cable, former Conservative Chancellor of the Exchequer Kenneth Clarke, Labour lawmaker John McFall, who led the House of Commons Treasury Committee's investigation into the banking crisis, as well as FSA officials he declined to identify.  



Diversity is the key to economic and political evolution.
by MarketTrustee on Sun Jul 19th, 2009 at 07:13:42 AM EST
[ Parent ]
EurActiv.com - BusinessEurope: SMEs 'losing out' as banks favour big business | EU - European Information on Enterprise & Jobs
SMEs seeking loans to keep them afloat are facing stricter conditions than earlier this year, with banks favouring larger firms, Erik Sonntag, advisor for entrepreneurship and SMEs at BusinessEurope, told EurActiv in an interview.

Is it getting any easier for companies to access credit?

Yes and no. In our last economic outlook in May, we saw an improvement when it comes to the cost of financing - in terms of interest rates. However, access to credit has become even worse, especially for SMEs. Access has worsened compared to earlier this year. Conditions are now stricter, negotiations are taking longer, and the amounts being loaned are smaller.

So are small firms more likely to go out of business than larger, better established companies?

There is a worry that larger companies might crowd out SMEs. Usually, SMEs essentially depend on bank loans - access to financial markets is very limited. The problem is that due to the whole financial crisis, larger companies might be thinking they can't go to the capital markets, so they are going to banks. If you are a bank and you have a larger company and a small company asking for credit, you will probably hand the money to the larger one if you perceive it as less risky.  



When locusts move on, they leave nothing behind
by afew (afew(a in a circle)eurotrib_dot_com) on Sat Jul 18th, 2009 at 11:50:13 AM EST
[ Parent ]
In 2002, when I was managing the European Monitoring Centre on Change, we commissioned a study and organised a European workshop on the future of financing for European companies. We highlighted the fact that the Basel II regulations, together with the concentration of the financial services sector, were going to make it more and more difficult for SMEs to finance their activities and growth because they relied on bank lending much more than big companies. That was true even before the credit crunch.

"Ne te courbe que pour aimer..." René Char
by Melanchthon on Sun Jul 19th, 2009 at 09:41:45 AM EST
[ Parent ]
FT.com / Companies / Banks - Baltic storms threaten to undermine Swedish lenders

Swedbank and SEB - the leading Swedish banks that dominate the tiny banking markets of Estonia, Latvia and Lithuania - earned big profits as they fuelled the economic boom that followed European Union accession in 2004.

For Swedbank last year, the Baltic states represented 17 per cent of lending and 25 per cent of operating profit, while the respective figures for SEB were 13 per cent and 12 per cent.

But the countries that formerly fuelled profits at the Swedish banks are now dragging them down. Swedbank and SEB are the most exposed to the Baltic economies suffering the worst downturn in the EU. The Bank of International Settlements estimates that Swedish banks have a potential $80bn exposure to the Baltics, representing 16 per cent of Swedish gross domestic product.



When locusts move on, they leave nothing behind
by afew (afew(a in a circle)eurotrib_dot_com) on Sat Jul 18th, 2009 at 12:11:37 PM EST
[ Parent ]
FT.com / US / Economy & Fed - US housing starts hit 7-month high

New US residential building picked up in June, rising to its highest level in seven months, thanks to low construction costs and government incentives.

Housing starts jumped by 3.6 per cent last month to an adjusted annual rate of construction of 582,000, commerce department figures showed on Friday. The rise was more than economists expected and was fuelled by a sharp increase in construction of single-family homes. EDITOR'S CHOICELex: US home foreclosures - Jul-17US homebuilder confidence hits 10-month high - Jul-16In depth: US downturn - Mar-13

Friday's results continue a sharp turnaround for home building and signal the stricken housing market may be bottoming out. In April, new construction fell to a 50-year low before rebounding by 17.3 per cent in May.

Many economists, however, see the monthly rise as a mixed blessing. Some argue that renewed building activity is a sign of health in the housing market and the wider economy, but others contend that the overhang of housing inventory needs to be slashed for a recovery to occur.

Green shoots!

There's no such thing as original sin - Elvis Costello

by dvx (dvx.clt ät gmail dotcom) on Sat Jul 18th, 2009 at 01:12:52 PM EST
[ Parent ]
Power Struggle Ends: Volkswagen to Acquire Porsche - SPIEGEL ONLINE - News - International

Volkswagen is planning to purchase all of sports carmaker Porsche, which has run into massive financial problems linked to its overly ambitious plan to take control of VW. The attempted takeover, which had been financed using loans, ultimately failed because of the credit crunch and ensuing liquidity problems that almost saw Porsche go bankrupt.

SPIEGEL has obtained information that Volkswagen is planning a complete takeover of beleaguered sports carmaker Porsche in a series of two transactions. The company is planning the imminent purchase of 50 percent of Porsche shares and will purchase the remaining shares in the Stuttgart, Germany-based automobile manufacturer in a second step. Once completed, Porsche will become the 10th brand in the stable of Volkswagen, the world's largest carmaker.

DPA

Porsche headquarters in Stuttgart: VW has won the power struggle between the two companies. VW's move to acquire Porsche follows a power struggle between the companies. Porsche had sought to buy VW through complicated loan transactions that collapsed when the sports carmaker's liquidity dried up as a result of the credit crunch. It has already been reported that Wolfsburg-based VW would purchase 49.9 percent of Porsche, but SPIEGEL has learned it is now planning a complete acquisition in a second purchase of shares.



There's no such thing as original sin - Elvis Costello
by dvx (dvx.clt ät gmail dotcom) on Sat Jul 18th, 2009 at 01:18:23 PM EST
[ Parent ]
Huh, wasn't it just a few months ago Prsche earned $1Bn playing on VW shares aginst the hedge funds and winning big-stylee ?

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Sat Jul 18th, 2009 at 03:47:01 PM EST
[ Parent ]
Yeah, wasn't Porache going to buy VW? German car industry diary needed!

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid (arvid.hallen at gmail.com) on Sat Jul 18th, 2009 at 04:43:42 PM EST
[ Parent ]
Zero Hedge has the details here.

It's not an industry story - unless you count the financial industry as one.

by nanne (zwaerdenmaecker@gmail.com) on Sat Jul 18th, 2009 at 11:13:54 PM EST
[ Parent ]
Exxon Sabotage May Merit $1 Billion Fine, Agency Says (Update2) - Bloomberg.com

July 17 (Bloomberg) -- Exxon Mobil Corp., the largest U.S. oil company, may be fined more than $1 billion for "malicious" sabotage of wells to prevent other producers from tapping fields it no longer wanted, the Texas General Land Office said.

Jerry Patterson, commissioner of the land office that oversees oil leases that help fund Texas schools, asked the Texas Railroad Commission to conduct hearings into an alleged 1990s program at Exxon Mobil of plugging abandoned wells with trash, sludge, explosives and cement plugs. The barriers made it impossible for other producers to revive the wells, Patterson said in a statement he gave to Bloomberg News yesterday.

Under Railroad Commission rules, Exxon Mobil could face fines of $10,000 a day per well, Patterson said in the statement, which he plans to release on July 20. He said those penalties could add up to more than $1 billion on wells the company abandoned in 1991 after a disagreement over royalties with the owners, the O'Connor family, a Texas oil dynasty.



There's no such thing as original sin - Elvis Costello
by dvx (dvx.clt ät gmail dotcom) on Sat Jul 18th, 2009 at 01:22:23 PM EST
[ Parent ]
BBC NEWS | Health | Call for £20 charge to see doctor

Patients should be charged £20 to see a GP in a bid to limit demands placed on the health service, a centre-right think-tank says.

The Social Market Foundation said forcing people to pay a fee for an appointment could help the NHS cope in the tight financial times ahead.

The group said it would not breach the values of the NHS as charges already applied to dentistry and prescriptions



I'm tired of this backslapping, aint humanity great BS, we're a virus with shoes Bill Hicks
by ceebs (ceebs (at) eurotrib (dot) com) on Sat Jul 18th, 2009 at 07:24:12 PM EST
[ Parent ]
As things are right now, you get to see a GP for 10 minutes and he prescribes you paracetamol. GPs are gatekeepers whose job is to prevent people from accessing a specialist.

And they want to charge £20 for the privilege?

The peak-to-trough part of the business cycle is an outlier. Carnot would have died laughing.

by Migeru (migeru at eurotrib dot com) on Sat Jul 18th, 2009 at 08:25:16 PM EST
[ Parent ]
Im sure theres a whole diary series in the "Centre"(Ha) rights attempts to kill off the NHS, and the socail damage it has caused, but You would end up namimg names and end up with too much lawyerly fun for anyones health

I'm tired of this backslapping, aint humanity great BS, we're a virus with shoes Bill Hicks
by ceebs (ceebs (at) eurotrib (dot) com) on Sat Jul 18th, 2009 at 08:29:08 PM EST
[ Parent ]
Jon Stewart on Goldman.



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

by ARGeezer (ARGeezer at eurotrib.com) on Sun Jul 19th, 2009 at 12:40:01 AM EST
[ Parent ]
On the Unwillingness of Economists to Recant, Even in the Face of Evidence  Yves Smith

From a newly minted PhD, via e-mail:

   I ran into another Harvard student who recently had a chat with a senior economics faculty member who is telling students the following anecdote. Apparently the professor is involved in some way with the American Economics Review.

    The AER has a backlog of two to three years between when papers are submitted and when they appear in print. Some of the papers currently in the pipeline, submitted before the crisis broke, predicted that the U.S. or global economy would remain prosperous and stable for many years to come. The professor wrote to all of these authors, asking them if they would like to withdraw their articles or at least modify them. All refused.

    Consequently, for something like the next three years, the AER will interleave articles explaining why the crisis occurred with articles explaining why the crisis could not occur.



If sanity be culturally normative, then by the norms of this culture I claim insanity.
by ARGeezer (ARGeezer at eurotrib.com) on Sun Jul 19th, 2009 at 12:45:50 AM EST
[ Parent ]
State Street On Liquidity Black Holes
 Tyler Durden  Zero Hedge

Liquidity, as frequent readers know, is a fascinating topic to Zero Hedge. Liquidity black holes, as one would imagine, is doubly so. However, when a firm like State Street, which is at the heart of the multi-trillion dollar stock lending skeleton of the market discusses both of these concepts, one must pay attention. The below report is a State Street presentation from 2003 discussing what happens in those episodes when liquidity disappears and how that impairs all other axes of proper market function.

Of notable attention is the following section of the report:

   The presence of liquidity problems in the largest of markets suggests that liquidity is not about size, but diversity.

    In an illiquid market the same size of sell order will push the market down further than in a liquid market. Imagine a market where there is a large number of market participants, using the exact same information set, in the exact same way, to trade the exact same financial instruments. When one buys they all do and vice versa. Market participants would face volatility and illiquidity when they came to buy or sell. This would not be reduced by having more players, only by increasing the amount of diversity in their actions. (Indeed, on these assumptions it is possible to show that the bigger the market was, the less liquid it would be). Now imagine a market with just two players but with opposite objectives or opposite ways of defining value. When one wants to buy the other wants to sell. This market is small, but the price impact of trading would be low and liquidity would be high.

The referenced diversity is a crucial concept in today's market where an unprecedented amount of market trades occurs in undiverse dark and HFT pools. As Goldman is becoming the primary conduit of trading (whether principal or agency) in virtually all markets, the risk of a massive liquidity drain becomes exponentially larger, and the risk of an exogenous event approaches LTCM and Lehman levels. It is this key risk driver that regulators should be focusing on, instead of chasing and attempting to punish the perpetrators of the most recent market crash (we are not saying they should not, but they should prioritize and now should focus on what is most critical to maintaining a functioning market topology). The Too Big To Fail is a psychological construct which however does not have parallels in the market. Once Goldman reaches a tipping point of eliminating liquidity diversity, the potential fallout escalates. This is precisely the realm in which any x sigma events will occur in the future. And nobody seems to care.

Official "thinking" seems to be: "If Goldman goes down, we are all dead anyway."  That is likely to be true for the existing Wall Street system---at a minimum.

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

by ARGeezer (ARGeezer at eurotrib.com) on Sun Jul 19th, 2009 at 01:08:29 AM EST
[ Parent ]
Of notable attention is the following section of the report:
The presence of liquidity problems in the largest of markets suggests that liquidity is not about size, but diversity.
Very good point. If only Goldman Sachs is left playing there is no market.


The peak-to-trough part of the business cycle is an outlier. Carnot would have died laughing.
by Migeru (migeru at eurotrib dot com) on Mon Jul 20th, 2009 at 01:57:26 AM EST
[ Parent ]
 WORLD 



When locusts move on, they leave nothing behind

by afew (afew(a in a circle)eurotrib_dot_com) on Sat Jul 18th, 2009 at 10:09:20 AM EST
VOA News - Clinton Urges Global Fight on Terrorism, Meets Mumbai Victims
U.S. Secretary of State Hillary Clinton pledged U.S. support in the global fight on terrorism Saturday, as she met with victims of last year's terror attacks in India's commercial city, Mumbai.

Clinton also said the United States is not pressuring India to improve relations with Pakistan. She said it is up to the two sides to determine how to go forward with peace talks.

The U.S. secretary of state spoke to reporters in Mumbai, where Indian officials believe terrorists linked to Pakistan killed 166 people during an attack in November.

Secretary Clinton indicated that Pakistan has done much more in recent months to deal with home-grown terrorism, and she suggested action may soon be taken to bring those responsible for the Mumbai attacks to justice.

Clinton is on her first trip to India as secretary of state, and is expected to push for deeper ties with the emerging economy during her three-day visit.


When locusts move on, they leave nothing behind
by afew (afew(a in a circle)eurotrib_dot_com) on Sat Jul 18th, 2009 at 11:25:32 AM EST
[ Parent ]
What's on americagov.tv? | Business Standard| 19 July 2009

Even as Minister of State for External Affairs Shashi Tharoor has been asked by the Ministry of External Affairs to refrain from using social networking rage Twitter from office on security grounds, the US embassy has announced that US Secretary of State Hillary Clinton's first visit to India will also be covered by the online media community.

The visit will be covered on social networking and photo-sharing sites such as Twitter, Flickr and Facebook. The Americagov Twitter feed ... will be following the secretary every step of the way during her activities in Mumbai and New Delhi.

Clinton's fans and participants at all of her India events will be using the Twitter hash tag address #HillaryIndia to follow and comment on the issues addressed during her visit. They will also be posting both professional and cellphone photos on Flickr using the same tag, #HillaryIndia, notes the US embassy press statement.

Rank celebrity politicians

Tharoor, for instance, has a little over 17,000 followers. Gujarat Chief Minister Narendra Modi, who tweets in Gujarati, has 1,700 followers, while the Americagov has around 2,000 followers.

However, use of Twitter by Indian politicians pales in comparison with that of US and UK politicians. Barrack Obama, for instance, ranks seventh by Twit Rank of Twittown (a list of the top 150 twitterers) with around 1.7 million followers. Al Gore, with around 1.2 million followers, is ranked 19th.

Besides, young Indian politicians such as Sachin Pilot or Jyotiraditya Scindia are not to be found on Twitter. Rahul Gandhi too is said to have had an account (@rgamethi) but the page is empty currently. The last update was on April 28 with around 2,220 followers.



Diversity is the key to economic and political evolution.
by MarketTrustee on Sun Jul 19th, 2009 at 07:49:12 AM EST
[ Parent ]
BBC NEWS | Africa | Sharia trial for Somalia hostages

Two French security advisers seized in Somalia will be tried under Sharia law, an official from their captors, the Islamic al-Shabab militia, says.

The unnamed spokesman said they would be tried for spying and "conspiracy against Islam".

The two, who were training government troops, were kidnapped by gunmen in a Mogadishu hotel on Tuesday and later handed over to al-Shabab insurgents.

Al-Shabab and its allies control much of southern Somalia.

The al-Shabab official said no date had been set for the trial of the two men.



When locusts move on, they leave nothing behind
by afew (afew(a in a circle)eurotrib_dot_com) on Sat Jul 18th, 2009 at 11:28:11 AM EST
[ Parent ]
America's role in African affairs | Pambazuka News | 16 July 2009

[I]t is more complex than simply African draconian nationalist governments springing up one after another, unshaped by history or foreign influence. For too long Africa has been portrayed as the 'black hole of war and corruption' and Barack Obama in both his interview and speech*, continued to construct that image without critically exploring just how African wars and dictatorships are made....

If Obama had paused in his speech, he might have remembered meeting Meles Zenawi of Ethiopia, invited as the non-member Africa representative at the G20 summit in April 2009 in London. Or he might have looked down from his pulpit to see that sitting right there opposite him Ghana's former head of state Jerry Rawlings, a man who fiercely held onto power, with the support of the World Bank for as long as promises to transform Ghana into a democracy and free market economy were maintained. Or, seeing as Zimbabwe was his choice example in these words:
'The West is not responsible for the destruction of the Zimbabwean economy over the last decade or wars in which children are enlisted as combatants.'

The position of the West in relation to Zimbabwe is an extremely complex one. While on the one hand Western condemnation of Robert Mugabe only came in 2000 when the farm invasions began, all the while America gave financial support to the totalitarian state Zimbabwe had slowly become. On the other hand post-2000, US and EU sanctions against Zimbabwe have negatively affected the economy and have been part of the reason why Zimbabwe is in economic ruin, though the larger part of the blame lies with Mugabe's damaging fiscal and repressive social policies.

G8 and Africa | Pambazuka News | 16 July 2009

At one of these `breakfast meetings' the G8 broadened their participants to take in the African countries of Algeria, Angola, Egypt, Ethiopia, Libya, Nigeria, Senegal and South Africa, as well as the IEA, World Bank, IMF, ILO, OECD, WTO and United Nations and the African Union Commission's representatives. At this meeting the G8 graciously agreed to increase aid to Africa for food security and agricultural development from an earlier figure of US$15 billion to US$20 billion.

A summary judgement of the G8 Summit (the first for President Barack Obama) must be that against the multiple crises the world is currently facing, the outcome of the discussions was a whimper, a puny response to an acknowledgement of the magnitude of the challenge. It is not surprising, then, that the world media largely hyped up the promise of US$20 billion L'Aquila Initiative on Global Food Safety for Africa (PDF 239.5kb), for there was very little else that was on show....

the US$20 billion package is for three years; about US$7 billion per year. This is to be shared between 53 African countries, an average of about US$132 million per country.

Compare this with the following:

  • Between 1990 and 2003, African countries had received US$540 billion in loans and had paid back US$580 billion in debt and service charges (US$40 billion more than what they had received), and yet by the end of 2003 US$330 billion debt had still remained to pay.

  • In 2003 alone African countries had paid over US$25 billion in debt servicing while 2.3 million lives were lost lives because of HIV/AIDS. Many of them spent more per capita on debt servicing than on health care. For example, in 2002 the Democratic Republic of Congo - where 1.1 million people live with HIV/AIDS - spent more than four dollars on external debt servicing for every dollar spent on health care. And in the same year Angola had paid out US$106 per capita in debt servicing compared to US$38 per capita on health.

Compare this also with the `promise' made by G8 at the 31st G8 Summit of July 2005 at Gleneagles. The issue that got most media hype on that occasion was debt cancellation - to write off the entire US$40 billion debt owed by 18 Highly Indebted Poor Countries (HIPC) to the World Bank (WB), the International Monetary Fund (IMF) and the African Development Bank (ADB). Four years down the line, a more sober assessment exposes the scenario of `business as usual'. What are the facts about the much-touted debt cancellation and the `road to recovery' for Africa?

------
"We must start from the simple premise that Africa's future is up to Africans."

Diversity is the key to economic and political evolution.

by MarketTrustee on Sun Jul 19th, 2009 at 08:18:20 AM EST
[ Parent ]
Remarks to the NAACP Centennial Convention | 17 July 2009

[A]ll these innovative programs and expanded opportunities will not, in and of themselves, make a difference if each of us, as parents and as community leaders, fail to do our part by encouraging excellence in our children. (Applause.) Government programs alone won't get our children to the Promised Land. We need a new mind set, a new set of attitudes -- because one of the most durable and destructive legacies of discrimination is the way we've internalized a sense of limitation; how so many in our community have come to expect so little from the world and from themselves....

And by the way, it means we need to be there for our neighbor's sons and daughters. (Applause.) We need to go back to the time, back to the day when we parents saw somebody, saw some kid fooling around and -- it wasn't your child, but they'll whup you anyway. (Laughter and applause.) Or at least they'll tell your parents -- the parents will. You know. (Laughter.) That's the meaning of community. That's how we can reclaim the strength and the determination and the hopefulness that helped us come so far; helped us make a way out of no way....

And that's what the NAACP is all about. The NAACP was not founded in search of a handout. The NAACP was not founded in search of favors. The NAACP was founded on a firm notion of justice; to cash the promissory note of America that says all of our children, all God's children, deserve a fair chance in the race of life. (Applause.)

[emphasis added]

Gifted orator. A regula Edward Everett of our times.

Diversity is the key to economic and political evolution.

by MarketTrustee on Sun Jul 19th, 2009 at 10:13:16 AM EST
[ Parent ]
MIDEAST: Report Urges Continued U.S. Diplomatic Push - IPS ipsnews.net
WASHINGTON, Jul 18 (IPS) - The U.S. should proceed cautiously in its engagement strategy with Iran, while moving quickly toward final-status negotiations between Israelis and Palestinians, according to a new report by a team of veteran diplomats and Middle East policymakers.

The policy paper, released Wednesday by the Israel Policy Forum (IPF), an organisation that promotes U.S. diplomatic engagement in the Middle East, expresses support for President Barack Obama's ambitious Middle East strategy.

Entitled "After Cairo and Iran: Next Steps for U.S. Diplomacy in the Middle East", it recommends continuing attempts to engage Iran, but shifting primarily to back-channel rather than public talks in response to the recent political turmoil following June's disputed presidential elections.

The report also advocates accelerating the 2002 "road map" for Israeli-Palestinian peace by convening an international conference that would set the stage for final-status negotiations, sponsoring unofficial "Track Two" talks between Israel and the Arab states, and pursuing an Israeli-Syrian agreement at the same time as an Israeli-Palestinian one.

The IPF policy paper was produced by a task force of 15 veteran Middle East hands, including Samuel Lewis and Edward Walker, both former U.S. ambassadors to Israel, former ambassador to Egypt Robert Pelletreau, and former American Israel Public Affairs Committee (AIPAC) executive director Thomas Dine.


When locusts move on, they leave nothing behind
by afew (afew(a in a circle)eurotrib_dot_com) on Sat Jul 18th, 2009 at 11:36:12 AM EST
[ Parent ]
Fundraising Picks Up for GOP Senate Hopefuls - washingtonpost.com

Shut out of power across the capital and facing a 60-vote Democratic majority in the Senate, Republican candidates are working to balance the scales in at least one vital category -- campaign cash.

Reports filed last week with the Federal Election Commission showed GOP hopefuls in some key Senate contests posting strong fundraising totals for the second quarter of 2009, putting them in position to try to halt their party's recent losing streak.

Even achieving rough parity in campaign cash would be something of a victory for the GOP, given that Democrats control both ends of Pennsylvania Avenue. But that Democratic dominance may have motivated Republican donors to open their wallets.

"Democrats are closer to a one-party monopoly in this town than they have been since Lyndon Johnson was president," said Rep. Roy Blunt (R-Mo.), who is running to succeed retiring Sen. Christopher S. Bond (R-Mo.). That dynamic "helps in all aspects of the campaign," Blunt said, including fundraising.



There's no such thing as original sin - Elvis Costello
by dvx (dvx.clt ät gmail dotcom) on Sat Jul 18th, 2009 at 01:03:29 PM EST
[ Parent ]
No helicopters for Darfur | World | Deutsche Welle | 18.07.2009
A logistical complication persists in the joint peace mission of the United Nations and the African Union in Darfur: the 17,000 troops continue to have to manage in the remote Sudanese region without helicopter support. 

A year and a half ago the United Nations and the African Union deployed troops in Darfur to establish peace and protect the people in the troubled province in western Sudan. Since 2003, the ongoing tribal conflict has taken thousands of lives; according to some sources more than one hundred thousand people have now died in Darfur.

Since its arrival, the UNAMID force has been waiting for twenty four helicopters. In an interview with Deutsche Welle after a recent visit to Khartoum, Susana Malcorra, head of the Department of Field Support at the UN in New York, blamed the high demand of helicopters resulting from the war against terror for the shortage elsewhere: "It seems like the need of helicopters has become a big ticket item in Afghanistan and Iraq", she said. "It's not only UNAMID that is short of helicopters. We are also behind in Chad and now we have a question for additional helicopters in the Democratic Republic of Congo. So it's an overall problem."

Darfur "no priority"

Lauren Gelfand, Africa editor with Jane's Defence Weekly in London, is nevertheless convinced that plenty of helicopters are available around the world. She says Africa is simply not a high enough priority for the UN member states that own them. "I think that there is a misconception about helicopters. They are assets of the individual countries. There is not a big pool of helicopters, like a lending library, where you can just get and keep them then for a couple of months for your operation."

Susana Malcorra stresses that mobility is an essential issue in Darfur: "The helicopters," she says, "give us the possibility to move our forces at a speed that otherwise is not possible. This is critical for the mandate UNAMID has. I always hear the force commander saying: we ware deploying to meet the numbers, but it's not only quantity that matters, it's also quality, what we can do with our forces on the ground."



There's no such thing as original sin - Elvis Costello
by dvx (dvx.clt ät gmail dotcom) on Sat Jul 18th, 2009 at 01:05:13 PM EST
[ Parent ]
Chinese Question Police Absence in Ethnic Riots - NYTimes.com

URUMQI, China -- As this shattered regional capital sorts through the corpses from China's deadliest civil unrest in decades, another loss has become apparent: faith in the government's ability to secure the peace and quell mass disturbances. In many neighborhoods, police officers remained absent for hours as the carnage unfolded, witnesses say.

The bloodletting here on July 5, in which ethnic Uighurs pummeled and stabbed ethnic Han to death, was just the latest episode in a nationwide upswing in large-scale street violence that had already prompted concerned officials in Beijing to look for new ways to defuse such outbursts. In all of the recent cases, not only were officials and security forces unable to contain the violence, but average people clashed with the police en masse -- a sign of the profound distrust of local authority throughout much of China.

"In the last several years, the level of violence and speed with which these incidents can turn violent has increased," said Murray Scot Tanner, an analyst of Chinese security. "It raises a very, very serious question: To what extent are the Chinese people afraid of their police anymore?"

In parts of the Uighur quarter and in poorer, mixed areas of south Urumqi, young Uighur men with sticks, knives and stones went on a bloody rampage for about five hours while police officers remained mostly absent, according to interviews with dozens of residents. In some areas where police officers arrived but were outnumbered by rioters, the officers stood around or fled, witnesses said.



There's no such thing as original sin - Elvis Costello
by dvx (dvx.clt ät gmail dotcom) on Sat Jul 18th, 2009 at 01:08:08 PM EST
[ Parent ]
As Mexico Border Tightens, Smugglers Take to Sea - NYTimes.com

SAN DIEGO -- They move north in rickety fishing boats, often overloaded and barely seaworthy, slipping through the darkness and hidden from the watchful radar of American patrols.

Along beaches north of here, the migrants from Mexico and beyond scramble ashore, in groups of a dozen or two, and dash past stunned beachgoers, sometimes even leaving behind their boats, known as pangas. Drug smugglers, too, take this sea route, including one last month found paddling a surfboard north with a duffel bag full of marijuana on it.

As the land border with Mexico tightens with new fencing and technology, the authorities are seeing a sharp spike in the number of people and drugs being moved into the United States by sea off the San Diego coast.

Law enforcement authorities in the United States said the shift demonstrated the resolve of smugglers to exploit the vastness of the sea, the difficulty in monitoring it, and the desperation of migrants willing to risk crossing it.

"It's like spillover from a dam," said Cmdr. Guy Pearce, who oversees the antismuggling effort for the Coast Guard in San Diego.



There's no such thing as original sin - Elvis Costello
by dvx (dvx.clt ät gmail dotcom) on Sat Jul 18th, 2009 at 01:15:20 PM EST
[ Parent ]
Informed Comment
The reform movement and its allies among pragmatic conservatives have developed a narrative about Khomeinist Iran. They allege that it is ultimately democratic, and that the will of the people is paramount. It is popular sovereignty that authorizes political change and greater political and cultural openness. Precisely because democracy and popular sovereignty are the key values for this movement, the alleged stealing of the June 12 presidential elections by Supreme Leader Ali Khamenei for his candidate, Mahmoud Ahmadinejad, is intolerable. A crime has been committed, in their eyes. A social contract has been violated. The will of the people has been thwarted.

The hard liners hold a competing and incompatible view of the meaning of Khomeini's 1979 revolution. They discount the element of elections, democracy and popular sovereignty. They view these procedures and institutions as little more than window-dressing. True power and authority lies with the Supreme Leader and ultimately all important decisions are made by him. Ayatollah Mohammad Taqi Misbah-Yazdi is an important exponent of this authoritarian view of the Islamic Republic. The Leader in this view is a kind of philosopher-king, who can overrule the people at will. The hard liners do not believe that the election was stolen. But they probably cannot get very excited about the election in the first place. Khamenei and his power and his appointments and his ability to intervene to disqualify candidates, close newspapers, and overrule parliament are what is important. From a hard line point of view, the election is what Khamenei says it is and therefore cannot be stolen.

Rafsanjani desired in his sermon to lay a Khomeinist foundation for the more democratic view. He began by underlining his own role in the revolution and the establishment of the Republic, and his position as a witness to the values of Khomeini. He said Khomeini discouraged the anti-Shah activists of the 1960s and 1970s from terrorism. Instead, he urged a direct appeal to the people in their villages and mosques, and responsiveness to their desires. He represents Khomeini as saying, if the people are with us, we have everything.


There's no such thing as original sin - Elvis Costello
by dvx (dvx.clt ät gmail dotcom) on Sat Jul 18th, 2009 at 01:43:39 PM EST
[ Parent ]
H1N1 Flu Hits Pig Farm in Argentina | The Pig Site| 26 June 2009

he report states that the [breeding] farm has with biosecurity measures in place and its own restocking system [i.e. breeding]; a 4.5-hectares area. There are no other animal species in the farm. The distribution of the animals is as follows: 516 sows, seven hogs, 2,900 castrated pigs, 58 young sows and 2,105 sucking pigs.

The report adds that between 7 and 9 June 2009, two workers of the farm showed flu signs but they did not consult a doctor nor made diagnostic tests. The farm has its own restocking system. The last entry of animals occurred in July 2008.

Argentina declares health emergency | Buenos Aires Herald | 20 July 2009

The flu strain has killed 137 people in the South American country during the Southern Hemisphere winter and the government has closed schools and urged Argentines to avoid crowded places to halt its spread.

"The contingency plan ... allows for an increase in testing in pig farms and in slaughter houses in order to guarantee early detection," the government's Official Gazette said....

Earlier this month, SENASA officials said workers at a pig farm in Buenos Aires province were suspected of having passed the new strain onto the animals. That added weight to the theory that pigs can be infected by humans. Another pig herd later tested positive for the virus although Friday's statement only made mention of the first case.

Argentina on Alert | France24 | 18 July 2009

Earlier, the World Health Organisation said it would stop providing regular updates on the number of people affected worldwide, as the virus continues its march.

The WHO said in an information note on its website Friday that it would focus on regular updates from newly-affected countries, in order to keep track of the global progress of the A(H1N1) virus.

OIE (Organización Mundial de Sanidad Animal / World Organisation for Animal Health), Argentina

Diversity is the key to economic and political evolution.

by MarketTrustee on Mon Jul 20th, 2009 at 06:32:52 AM EST
[ Parent ]
4 Flu Shots Recommended 4 Children | Palm Beach Post | 15 July 2009

School children who have never had a flu shot may need to get vaccinated four times in the fall - twice for seasonal flu, twice for pandemic swine flu - officials at the CDC told health professionals on Wednesday. Most everyone else should expect three shots....

Wortley said the pandemic flu shots will be divided among states proportionally, based on their population. And state health officials will manage their delivery, most likely through large-scale school, work and retail-based clinics managed at the county level. Protection against the pandemic strain will require two doses, an initial shot plus a follow-up booster.

Preservative-free shots will be available for children and pregnant women, about 20 percent of the lots manufactured, Wortley said. They will either come in single-dose injections or as Flu Mist, the live virus that is squirted into the nose. Adults will most likely get their shots from multi-dose vials which contain Thimerisol, including very low levels of mercury.

It appears that health insurers will be willing to cover the new swine flu shots, Wortley said.



Diversity is the key to economic and political evolution.
by MarketTrustee on Mon Jul 20th, 2009 at 10:30:29 AM EST
[ Parent ]
 LIVING OFF THE PLANET 
 Environment, Energy, Agriculture, Food 



When locusts move on, they leave nothing behind

by afew (afew(a in a circle)eurotrib_dot_com) on Sat Jul 18th, 2009 at 10:09:53 AM EST
ENVIRONMENT-BRAZIL: Red Card for Porto Alegre? - IPS ipsnews.net
PORTO ALEGRE, Brazil, Jul 18 (IPS/IFEJ) - The southern Brazilian city of Porto Alegre, a pioneer in participatory budgets and environmental policies, and habitual host of the enormous World Social Forum, has returned to the international stage.

Chosen as one of the 12 sites for the 2014 football World Cup, the capital of Rio Grande do Sul state, with a population of 1.4 million, faces a dilemma.

In August, local residents will vote on whether to allow the construction of apartment buildings in the Ponta do Melo zone on the banks of the Guaíba River. The referendum will take place in a context of major plans, including sports stadium expansion and road construction, to better receive fans for the football championship.

But some of the projects are facing legal challenges because of their potential for harming the environment. The Porto Alegre Fundamental Law establishes that the areas along the Guaíba River - actually an estuary and also referred to as a lake - are permanent protected zones.


When locusts move on, they leave nothing behind
by afew (afew(a in a circle)eurotrib_dot_com) on Sat Jul 18th, 2009 at 11:34:59 AM EST
[ Parent ]
AFRICA: Organic Farming Could be Answer to Food Insecurity - IPS ipsnews.net
CAPE TOWN, Jul 17 (IPS) - Commercial farmers sometimes fail at organic farming because they switch over too quickly, ditching all chemicals, which is as traumatic for the soil as "a drug addict going cold turkey".

This is how Cornelius Oosthuizen, the head of the South African Biofarm Institute's management team, explains why there are relatively few organic farming success stories in South Africa. The South African Biofarm Institute promotes sustainable and profitable biological and organic farming.

"Failure occurs when a farmer who has been using chemicals on a farm for a long time suddenly switches to 100 percent organic farming. If you have 1,000 ha of land, you cannot start monoculture organic farming on all the land. One first has to farm biologically.

"If you suddenly take away all the chemicals from land that has been chemically farmed, it experiences trauma. It is like a drug addict that goes cold turkey."

The soil has to be primed - the micro and macro minerals have to be brought into balance; the ecological system has to be reinstated (there has to be robust insect and worm activity in the soil); and soil erosion has to be countered in various ways. With biological farming, non-harmful chemicals are used while organic farming does not permit the use of any kind of chemicals.

This is one of the factors that need to be addressed if South African farmers are to make inroads into organic farming which is not only lucrative but will address the African continent's perennial problem with food security.


When locusts move on, they leave nothing behind
by afew (afew(a in a circle)eurotrib_dot_com) on Sat Jul 18th, 2009 at 11:40:33 AM EST
[ Parent ]
You mean that this isn't obvious to some ? I mean, it's pretty basic isn't it ? Even I know that land that's been subjec to chemical bombarment for years has got to spend time being led towards sustainability. lots of seaweed/goat poo/ash. Grow bushes and clover and beans.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Sat Jul 18th, 2009 at 03:55:14 PM EST
[ Parent ]
what i found a bit twisted was this:

afew:

"Failure occurs when a farmer who has been using chemicals on a farm for a long time suddenly switches to 100 percent organic farming. If you have 1,000 ha of land, you cannot start monoculture organic farming on all the land. One first has to farm biologically.

"If you suddenly take away all the chemicals from land that has been chemically farmed, it experiences trauma. It is like a drug addict that goes cold turkey."

it's not stopping the chem-ag that is the trauma, it's the years of it before the change that stripped the soil of it's immune response, leaving it dependent on the fossil-fueled crutch.

the similarity with the use of antibiotics on humans to suppress the natural cleansing that goes on when a cold is permitted to do its job is telling.

still the thrust of the article is intelligent and true, even if they garbled the delivery.

if obama wins his healthcare bill, the next dragon to slay is the farm/food lobby, which owns the american food system, and is possibly the biggest weapon of mass destruction ever invented.

water management issues will drive matters to head over the next few years.

millions dying of early diabetes from corn syrup overdose doesn't seem to matter a jot...


If'Madness is the absence of work'(Foucault), then Sanity is the presence of play..

by melo (melometa4(at)gmail.com) on Mon Jul 20th, 2009 at 04:54:32 AM EST
[ Parent ]
ENVIRONMENT-NIGERIA: Playing With Fire - IPS ipsnews.net
DURBAN, Jul 17 (IPS) - Nigeria's gas flare-out date has once again been extended - this time to 2011. The decision follows 25 years of political procrastination by the federal government and illegal behaviour on the part of major oil multinationals engaged in flaring associated gas (AG), the byproduct of oil production in the Niger Delta.

Nigeria is famous for its trademark low-sulphur crudes such as Bonny Light; the delta's oil is the source of 80 percent of the federal budget and 95 percent of export earnings. In 2008, Nigeria, the world's eighth largest oil exporter, produced an average of 2.1 million barrels of oil per day.

Forty-four percent of this output was exported to the United States; other importers include Europe (25 percent of Nigeria's output), India (11 percent), Brazil (7 percent), and South Africa (4 percent).

Apart from its status as a seemingly bottomless barrel of oil, Nigeria also has the world's seventh largest reserves of natural gas, possessing proven reserves of 184 trillion cubic feet and estimates suggest the country could possess as much as 600 trillion cubic feet.

Oil has generated billions of dollars in profits, making Nigeria one of Africa's leading economies, but there have been few benefits for the 30 million people who live in the oil-rich Niger Delta.

They lack adequate basic infrastructure like schools, clinics and potable water, and many of the better-paying jobs in the industry are held by foreigners or Nigerians from elsewhere in the country.


When locusts move on, they leave nothing behind
by afew (afew(a in a circle)eurotrib_dot_com) on Sat Jul 18th, 2009 at 11:42:35 AM EST
[ Parent ]
Sarkozy calls for a global organization on the environment | World | Deutsche Welle | 18.07.2009
French President Nicolas Sarkozy made the call for a global environmental organization after a working lunch at the French consulate in New York City with United Nations Secretary General Ban Ki-moon, where the two took part in wide-ranging discussions on global issues, with climate change topping the agenda.

Speaking on French television after the meeting, Sarkozy called for new action on environmental issues, which were a major part of discussions at this month's G8 summit in Italy. Sarkozy didn't give any indication of how he thought this new global organization should be laid out.

"We will fight, hand in hand, a battle against the consequences of climate change. We must create a global organization on the environment," he added.



When locusts move on, they leave nothing behind
by afew (afew(a in a circle)eurotrib_dot_com) on Sat Jul 18th, 2009 at 12:17:14 PM EST
[ Parent ]
hot air is right!

it is enraging, to see this little pipsqueak co-opt anything that will get him his headlines-du-jour.

If'Madness is the absence of work'(Foucault), then Sanity is the presence of play..

by melo (melometa4(at)gmail.com) on Mon Jul 20th, 2009 at 04:58:09 AM EST
[ Parent ]
Sarko:
We will fight, hand in hand, a battle against the consequences of climate change
Yeah, because we acted too little, too late on preventing it in the first place.

The peak-to-trough part of the business cycle is an outlier. Carnot would have died laughing.
by Migeru (migeru at eurotrib dot com) on Mon Jul 20th, 2009 at 05:03:43 AM EST
[ Parent ]
 LIVING ON THE PLANET 
 Society, Culture, History, Information 



When locusts move on, they leave nothing behind

by afew (afew(a in a circle)eurotrib_dot_com) on Sat Jul 18th, 2009 at 10:10:22 AM EST
BBC NEWS | Europe | Germany opens 'Nazi' gnome case

A garden gnome giving the Nazi salute has landed a German artist in trouble with the authorities in Nuremberg.

Prosecutors are investigating whether the gnome, which went on show in one of the city's galleries, breaks the strict law banning Nazi symbols and gestures.

The Bavarian city is particularly sensitive about the Nazi era because Adolf Hitler used it for big rallies and leading Nazis went on trial there.

The artist, Ottmar Hoerl, says his gnomes poke fun at the Nazis.

"I'm astonished that a single garden gnome, in what is for me an obscure gallery in Nuremberg, has unleashed such a public discussion because of an anonymous denunciation by someone," Mr Hoerl said.



When locusts move on, they leave nothing behind
by afew (afew(a in a circle)eurotrib_dot_com) on Sat Jul 18th, 2009 at 12:18:23 PM EST
[ Parent ]
EGYPT: 230 Death Sentences in Six Months - IPS ipsnews.net
CAIRO, Jul 16 (IPS) - Egyptian courts have handed down unprecedented numbers of death sentences in recent months, most of them for violent crime. "Two hundred and thirty death sentences in six months", read the Jun. 24 headline of independent daily Al- Dustour. "Fifty in the last week alone".

The most high-profile case has been that of Hisham Talaat Mustafa, a high- ranking member of the ruling National Democratic Party, convicted of conspiring in the murder of Lebanese pop singer Suzanne Tamim a year ago in Dubai. On Jun. 25 Mustafa and an accomplice were sentenced to death.

The verdict was quickly approved by the Grand Mufti, Ali Gomaa. Under Egyptian law all capital sentences must be approved by the Grand Mufti, a state-appointed religious authority.

On Jun. 13, 24 men were sentenced to death after clashes in a land dispute in the Delta governorate Wadi Natroun last year led to the death of 11 people. On Jun. 17, a metal worker found guilty of murdering two female university students on the outskirts of Cairo last year was given the capital sentence.

The following day, another six people were given the death penalty for the murder of two colleagues in the urban governorate Giza. And on Jun. 21, 11 Bedouin people in the Sinai Peninsula were sentenced to death for killing the head of a rival clan.

Again, on Jun. 30, seven defendants received the death penalty for the killing of 13 people in clashes in a land dispute in the Delta city Benha.


When locusts move on, they leave nothing behind
by afew (afew(a in a circle)eurotrib_dot_com) on Sat Jul 18th, 2009 at 12:20:07 PM EST
[ Parent ]
Woman dies after collision with Tour de France motorcycle | Sport | guardian.co.uk

French police say a woman has died after being hit by a Tour de France official on a motorcycle who was helping to supervise the race.

The woman was struck Saturday as she tried to cross the road in Alsace in eastern France during the 14th stage of the Tour, a 199km route from Colmar to Besancon.

Commander Christophe Blanc told France Info radio that the motorcycle driver could not avoid hitting the woman. The driver fell off his bike, which then hit and injured two other people. Their lives are not in danger.



There's no such thing as original sin - Elvis Costello
by dvx (dvx.clt ät gmail dotcom) on Sat Jul 18th, 2009 at 01:06:28 PM EST
[ Parent ]
Sadly it remains true that if you walk into a road without paying attention, you might not make it to the other side.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Sat Jul 18th, 2009 at 04:26:12 PM EST
[ Parent ]
Environmental fugitive arrested in Mexico: Scientific American Blog

On Friday, the U.S. Environmental Protection Agency announced that U.S. and Mexican agents nabbed Robert Wainwright living the high life south of the border.  Wainwright, arrested in Zamora this week, was wanted for allegedly dumping steel mill waste in an Indiana wetland while working as a manager for Sterling Material Services in Lake County.

Based on the EPA's Wanted poster, Wainwright is a portly 66-year-old with a scar above his left eye. A convicted child molester who was also found guilty of firearms violations in 2007, Wainwright fled the country while the Northern Indiana Environmental Crimes Task Force was investigating his alleged violations of the Clean Water Act.



There's no such thing as original sin - Elvis Costello
by dvx (dvx.clt ät gmail dotcom) on Sat Jul 18th, 2009 at 01:16:37 PM EST
[ Parent ]
Pepper-spray defence means South Africa robbers face loss of balance at cash machines | World news | guardian.co.uk

Cash machines offer an ever-growing menu of services beyond merely dispensing money. For tampering criminals, this now includes a squirt of pepper spray in the face .

The extreme measure is the latest in South Africa's escalating war against armed robbers who target banks and cash delivery vans. The number of cash machines blown up with explosives has risen from 54 in 2006 to 387 in 2007 and nearly 500 last year.

The technology uses cameras to detect people tampering with the card slots. Another machine then ejects pepper spray to stun the culprit while police response teams race to the scene.

But the mechanism backfired in one incident last week when pepper spray was inadvertently inhaled by three technicians who required treatment from paramedics.



There's no such thing as original sin - Elvis Costello
by dvx (dvx.clt ät gmail dotcom) on Sat Jul 18th, 2009 at 01:21:03 PM EST
[ Parent ]


There's no such thing as original sin - Elvis Costello
by dvx (dvx.clt ät gmail dotcom) on Sat Jul 18th, 2009 at 01:25:35 PM EST
[ Parent ]
How private schools ensure a life of privilege for their pupils | Education | The Observer

His father was a policeman who could never have afforded the fees. But for a young David Lyscom, winning a scholarship to a private school was the key that unlocked the door to his future success

On leaving Latymer school in London, he joined the Foreign Office, rose to become an ambassador and put his own children through Marlborough public school - and now champions the system as the new head of the Independent Schools Council (ISC).

"If I hadn't had it, I would not be where I am today," he says. "It opened doors that I don't think would have been opened otherwise."



I'm tired of this backslapping, aint humanity great BS, we're a virus with shoes Bill Hicks
by ceebs (ceebs (at) eurotrib (dot) com) on Sat Jul 18th, 2009 at 07:57:11 PM EST
[ Parent ]
 PEOPLE AND KLATSCH 



When locusts move on, they leave nothing behind

by afew (afew(a in a circle)eurotrib_dot_com) on Sat Jul 18th, 2009 at 10:10:52 AM EST
Henry Kissinger: A Burden Shared | Top Russian news and analysis online | 'RIA Novosti' newswire

Former U.S. Secretary of State remembers his eminent Soviet counterpart

By Henry Kissinger

Andrei Gromyko and I were sometimes adversaries and sometimes partners. I had enormous respect for his competence, for his dedication. And with the passage of time I developed great affection for him. He was a man who was always prepared, who always knew his subject. I found him totally reliable in his assertions. When he was asked by his government to change a previous position he did so with enormous pain but with extreme ability.

We worked together in a complex period. When the administration in which I served came to office, the crisis in Czechoslovakia - the movement of Soviet and Warsaw Pact troops into Czechoslovakia - was six months old. The Cuban missile crisis was still within vivid memory, and so we were in a succession of crises piling one on top of the other.

I'm sure, on the Soviet side there were similar examples of crises that, in the Soviet view, were generated by the United States. We were involved in the Vietnam War at that time and our country was divided on whether the administration was really dedicated to peace.



When locusts move on, they leave nothing behind
by afew (afew(a in a circle)eurotrib_dot_com) on Sat Jul 18th, 2009 at 12:13:05 PM EST
[ Parent ]
John Rentoul - The off button on the internet
Clive Davis, who does not allow comments on his brilliant blog, draws attention to this article by Douglas Bailey in The Boston Globe with the self-explanatory heading: "Got a comment? Keep it to yourself."

<snip>

 although I can see why The Guardian did not allow comments on Cherie Booth's article today, which begins:

When the International Criminal Court began in 2002, there was a widespread hope that those guilty of appalling crimes against humanity would finally be brought to justice.



I'm tired of this backslapping, aint humanity great BS, we're a virus with shoes Bill Hicks
by ceebs (ceebs (at) eurotrib (dot) com) on Sat Jul 18th, 2009 at 01:14:51 PM EST
[ Parent ]

This was made in our garden today with the help of two neighbour's boys. I stayed in the shade. That is what executive producers do.

You can't be me, I'm taken

by Sven Triloqvist on Sun Jul 19th, 2009 at 10:15:59 AM EST
[ Parent ]
Carla Bruni sings in NY at Mandela show | Entertainment | Reuters

NEW YORK (Reuters) - French first lady Carla Bruni-Sarkozy sang at a concert in New York to commemorate Nelson Mandela's 91st birthday -- the first time she has sung in public since marrying French President Nicolas Sarkozy.

Dressed in black trouser suit, Bruni-Sarkozy strummed guitar alongside former Eurythmics musician Dave Stewart as they performed a duet on Saturday night, singing a slower version of Bob Dylan's "Blowin' in the Wind" while the French president smiled and clapped sitting in the audience.



Europeans think a hundred miles is a long way. Americans think a hundred years is a long time.
by Bernard on Sun Jul 19th, 2009 at 12:50:21 PM EST
[ Parent ]
Wonkish and Organic! | NYT | 18 July 2009

After several months of focusing on her family, her garden and inspiring young people, Mrs. Obama is stepping into more wonkish terrain. She is toughening her message and talking more openly about influencing public policy as she works to integrate her efforts more closely with those of policy makers in the West Wing.

In June, Mrs. Obama traveled to San Francisco with Melody C. Barnes, the president's domestic policy adviser, for the start of the administration's initiative to promote volunteerism.

A week later, she went to a Washington clinic with the director of the Health Resources and Services Administration to announce the release of stimulus money for clinics. This month, her policy director joined a new interagency working group, including health, agriculture and housing officials, that will develop policy, legislation and public outreach to combat obesity. ...

Mrs. Obama's advisers say this is a natural progression. After settling her family into the White House, the first lady could more easily turn to the garden and then a discussion of obesity, the importance of preventive care and corresponding government policies and legislation, they say.

The shift also coincides with Mrs. Obama's decision in June to choose Ms. Sher, her longtime friend, to replace Jackie Norris as her chief of staff. At the time of that announcement, Ms. Sher, who was Mrs. Obama's boss at the University of Chicago Medical Center, was working on health care issues as an associate counsel to the president.



Diversity is the key to economic and political evolution.
by MarketTrustee on Mon Jul 20th, 2009 at 10:52:56 AM EST
[ Parent ]
We sure are lucky that some people work to bring us info thru ET even in the urlaubiest (vacation) of times.
Danke.

Skennah Kowa
by Crazy Horse on Sat Jul 18th, 2009 at 06:30:05 PM EST


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