European Salon de News, Discussion et Klatsch - 7 July

by Fran
Mon Jul 6th, 2009 at 03:08:26 PM EST

 A Daily Review Of International Online Media 


Europeans on this date in history:

1887 – Birth of Marc Chagall, a Russian artist and naturalized French, associated with several key art movements and was one of the most successful artists of the twentieth century. He forged a unique career in virtually every artistic medium, including paintings, book illustrations, stained glass, stage sets, ceramics, tapestries and fine art prints. (d. 1985)

More here and here

 The European Salon is a daily selection of news items to which you are invited to contribute. Post links to news stories that interest you, or just your comments. Come in and join us!


The Salon has different rooms or sections for your enjoyment. If you would like to join the discussion, then to add a link or comment to a topic or section, please click on "Reply to this" in one of the following sections:

  • EUROPE - is the place for anything to do with Europe.
  • ECONOMY & FINANCE - is where you find what is going on in finance and the economy.
  • WORLD - here you can add links and comments on topics concerning world affairs.
  • LIVING OFF THE PLANET - is about the environment, energy, agriculture, food...
  • LIVING ON THE PLANET - is about humanity, society, culture, history, information...
  • PEOPLE AND KLATSCH - this is the place for stories about people and off course also for gossipy items. But it's also there for open discussion at any time.
  • SPECIAL FOCUS - will be up only for special events and topics, as occasion warrants.

I hope you will find this place inspiring - of course meaning the inspiration gained here to show up in interesting diaries on ET. :-)

There is just one favor I would like to ask you - please do NOT click on "Post a Comment", as this will put the link or your comment out of context at the bottom of the page.

Actually, there is another favor I would like to ask you - please, enjoy yourself and have fun at this place!

Login
. Make a new account
. Reset password

Display:
 EUROPE 

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Jul 6th, 2009 at 11:29:50 AM EST
EU's Barroso seeks two degrees Celsius pact at G8 | Green Business | Reuters

BRUSSELS (Reuters) - European Commission President Jose Manuel Barroso said on Monday he will press the United States and other nations to limit global warming to no more than 2 degrees Celsius at this week's Group of Eight summit.

The United States, Japan, Russia and Canada have yet to be convinced that a 2 degrees Celsius (3.6 degrees Fahrenheit) limit -- favored by European G8 nations Germany, Britain, France and Italy -- is the necessary threshold beyond which climate change will reach danger levels.

But Barroso said he would "stress the importance of the science and remaining within a 2 degrees temperature rise" when he meets his G8 counterparts and leaders of developed and emerging economies at the three-day summit from Wednesday.

"We go to L'Aquila with a number of key objectives. We will insist on the need to respect the 2 degrees Celsius target," Barroso told a news conference ahead of the summit in the Italian city devastated by an earthquake in April.

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Jul 6th, 2009 at 11:55:58 AM EST
[ Parent ]
FRANCE: 'Where Is the Burqa They Want to Ban?' - IPS ipsnews.net
PARIS, Jul 6 (IPS) - There was not a burqa in sight. On the bustling streets around Boulevard de Belleville, in one of the most diverse neighbourhoods here, women wore a variety of clothing, including summer dresses, jeans, chadors, headscarves and traditional African dress, but no burqas.

A trader laughed when asked if he had any burqas - the Islamic garment that covers the whole body leaving just slits for the eyes.

"Yes, I have some in stock but I've never sold one," he told IPS. "I swear I have yet to sell a burqa in four years. So where is the burqa that they want to ban? "

French President Nicolas Sarkozy declared last month that the burqa has no place in France, and that its spread must be curtailed.

"The burqa is not a religious symbol, it is a sign of the subjugation, of the submission of women. I want to say solemnly that it will not be welcome on our territory," Sarkozy told a group of lawmakers in a speech in Versailles Jun. 22.

Some legislators had expressed concern that an increasing number of women were wearing the garment, perhaps not from choice but because of pressure from religious fundamentalists, and they urged parliament to act.
by afew (afew(a in a circle)eurotrib_dot_com) on Mon Jul 6th, 2009 at 12:01:29 PM EST
[ Parent ]
So as no one wears the thing, I guess no one has any reason to be upset... </snark>

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid (arvid.hallen at gmail.com) on Mon Jul 6th, 2009 at 05:41:14 PM EST
[ Parent ]
HUNGARY: Slipping Further to the Right - IPS ipsnews.net
BUDAPEST, Jul 6 (IPS) - The rise of the anti-gypsy Hungarian far right has revealed deep failures in the country's political system and its civil society.

Hungary is still recovering from the shock of seeing a new extreme-right formation called 'Jobbik - Movement for a Better Hungary' gather 15 percent of the vote in last month's European parliamentary elections won by the rightist opposition party Fidesz.

Many have pointed the finger at the left's inability to deal with the Roma issue, instead brushing it under the carpet or putting the focus on the "fascist threat" in Hungary. Others blame the rightist opposition for minimising the same threat. There is strong opposition to the right against Roma, a 'gypsy' people who migrated to Europe from India since the 14th century.

However analysts have noted that many may have voted for Jobbik as a protest vote in a country deeply distrustful of politicians and politics. The low turnout, at 36 percent, also inflated Jobbik's impressive results.

Jobbik began as a movement of right-wing university youths, and evolved into a party in 2003, betting on the Roma issue while avoiding the anti- Semitic clichés of other extreme-right parties.

Unlike its far-right predecessors that had their base in Hungary's larger cities, Jobbik's anti-Roma rhetoric scored points in the countryside as well, especially in poor areas populated by the Roma.
by afew (afew(a in a circle)eurotrib_dot_com) on Mon Jul 6th, 2009 at 12:02:06 PM EST
[ Parent ]
BBC NEWS | Europe | EU's foreign chief to step down

The European Union's foreign policy chief, Javier Solana, has said he will not seek another term in office.

"I had a 10-year mandate which I have fulfilled. I do not mean to go any further," he told a Spanish newspaper.

A spokeswoman said it was normal that Mr Solana would step down when his term ended in October, and that he would be "very busy doing other activities".

He had been considered a main contender for the new EU foreign policy role set to be created by the Lisbon Treaty.

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Jul 6th, 2009 at 12:17:19 PM EST
[ Parent ]
An opening for Blair?

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 Jul 6th, 2009 at 12:24:37 PM EST
[ Parent ]
Blair will go for anything less than President?

On Solana, he has been totally invisible for the last, well, 3 years or so. He was supposed to get the first somewhat real 'EU foreign minister' post under the Constitution and then the Lisbon Treaty. But, looking at his practical irrelevance in recent years I think it is little wonder he's no longer up for it. Maybe we'll get Frattini!

by nanne (zwaerdenmaecker@gmail.com) on Tue Jul 7th, 2009 at 09:50:48 AM EST
[ Parent ]
BBC NEWS | UK | UK Politics | Brown and Sarkozy in pre-G8 talks

Gordon Brown and Nicolas Sarkozy have been discussing economic recovery and tension with Iran in talks ahead of this week's G8 summit.

The two leaders said relations between their countries were strong, following talks in the French town Evian.

President Sarkozy said France stood "shoulder to shoulder" over attacks on Britain by the Iranian authorities.

It is understood the UK will give £15m to France for border protection in return for help deporting immigrants.

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Jul 6th, 2009 at 12:18:18 PM EST
[ Parent ]
Gazprom is losing Europe | Top Russian news and analysis online | 'RIA Novosti' newswire

MOSCOW. (RIA Novosti economic commentator Oleg Mityayev) - European gas consumers are frantically looking for an alternative to Russian natural gas. At the same time, Russian energy giant Gazprom is doing its best to control all gas supplies from the Commonwealth of Independent States.

Towards this end, Gazprom signed an agreement with Azerbaijan on June 29 to purchase all of its export gas in order to prevent the U.S. and Europe-advocated Nabucco project from succeeding.

The same day, Poland signed a contract on gas supplies with a rival of Gazprom, Qatargas.

At present, Poland consumes 13.7 billion cubic meters of gas annually, out of which 7 bcm is supplied by Gazprom, according to the International Energy Agency. Therefore, the deal with Qatar, which may reduce Russian gas supplies by 20%, is Poland's first step toward lowering its dependence on Russian gas.

However, Gazprom is itself to blame for the appearance of a rival company, Qatargas, in Europe. It was because of its efforts to maintain its monopoly position in the European market and to purchase all gas produced in the CIS that Europeans started searching for ways to diversify gas routes.

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Jul 6th, 2009 at 12:21:43 PM EST
[ Parent ]
Frantically?

Uh... no?

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

by Starvid (arvid.hallen at gmail.com) on Mon Jul 6th, 2009 at 05:42:23 PM EST
[ Parent ]
The Russian media is just as clueless as the Western one...

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Tue Jul 7th, 2009 at 05:15:44 AM EST
[ Parent ]
Borissov: No quick fix for Bulgaria (SETimes.com)

Fresh from their victory in Bulgaria's parliamentary elections Sunday (July 5th), Boyko Borissov and his centre-right Citizens for the European Development of Bulgaria (GERB) are vowing to step up reforms. Borissov warned, however, that there will be no quick fix to the various problems the country is facing.

"We cannot be expected to work miracles in the next six months, and we haven't promised any such thing," the Sofia mayor told a news conference, stressing that his party's programme is a four-year one. He voiced hope that Bulgaria would soon be able to regain access to EU assistance funding, frozen because of sluggish efforts in fighting crime and corruption.

Borissov, 50, also pledged that his government would prosecute any cases of corruption that took place during the outgoing government's four-year rule.

"Those who have stolen should be very afraid ... The thieves will go to jail," he said.

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Jul 6th, 2009 at 12:27:14 PM EST
[ Parent ]
Coalition talks in the offing for Bulgaria's centre-right winners | Europe | Deutsche Welle | 06.07.2009

Bulgaria's next prime minister is expected to be Sofia mayor and former bodyguard Boiko Borisov, who has been nicknamed 'Batman' for his tough talk on the country's endemic corruption.

Borisov, whose Citizens for European Development of Bulgaria party (GERB) won just under half of the 240 seats up for grabs in Sunday's elections, says he wants to form a coalition that will prioritise the fight against corruption and boost the ailing economy.

GERB is widely expected to enter negotiations with the Blue Coalition, a group of rightist parties that collectively picked up 16 seats.

`Batman' Borisov has also pledged to work towards the eradication of ethnic tensions in Bulgaria.

"We want equality for Christians and Muslims and all ethnic groups living in Bulgaria," he said, adding that "anyone who raises the question of Bulgaria's ethnic map is working against democracy and the Bulgarian citizens."

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Jul 6th, 2009 at 12:31:52 PM EST
[ Parent ]
An odd comment given the extent to which Muslims and christians not only live side by side, but are often themselves blood relations (historical fact).

there is no separation by religion. But there is separation by culture; gypsies and turks are held veyr much at arms length.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Mon Jul 6th, 2009 at 05:08:39 PM EST
[ Parent ]
Muslims and Christians were likewise living side by side as well as intermingled through marriage in Bosnia and Serbia before the nationalist provocateurs started whipping up their hate.

Great Planet; Funny People

Never underestimate their intelligence, always underestimate their knowledge.

Frank Delaney ~ Ireland

by siegestate (siegestate or beyondwarispeace.com) on Tue Jul 7th, 2009 at 05:10:56 AM EST
[ Parent ]
Mauro withdraws candidacy for Parliament president | Policies | EU governance | Parliament | European Voice
Jerzy Buzek gets clear run to become the first president of the European Parliament from a new member state. Italian MEP Mario Mauro has withdrawn his bid to stand for election as president of the European Parliament. He had been campaigning to be the candidate of the centre-right European People's Party (EPP). Polish MEP Jerzy Buzek is now assured of the EPP nomination, which in turn means that he is almost certain to become the first president of the Parliament from a new member state.  

In a statement issued on Sunday evening, Mauro said he had decided to withdraw his candidacy because he wanted to avoid forcing the EPP to vote. The election of a new president to succeed Hans-Gert Pöttering is to take place next week (14 July) during the first plenary session of the Parliament.   The EPP would have called a vote tomorrow if it had been unable to agree beforehand on a single candidate.  

Mauro had far less support than Buzek as the EPP's candidate and was expected to be defeated if there had been a vote within the group.
by afew (afew(a in a circle)eurotrib_dot_com) on Mon Jul 6th, 2009 at 12:28:45 PM EST
[ Parent ]
Guardian: Police fear far-right terror attack

Scotland Yard's counter-terrorism command fears the extreme right will stage a deadly terrorist attack in Britain to try to stoke racial tensions, the Guardian has learned.

Senior officers fear the attack will be a "spectacular" that is designed to kill people. The counter-terrorism unit has moved officers to beef up its monitoring of the extreme right's potential to stage attacks.

Commander Shaun Sawyer told a meeting of British Muslims concerned about the danger posed to their communities that police were responding to the growing threat.

Sawyer said of the far right: "I fear that they will have a spectacular ... They will carry out an attack that will lead to a loss of life or injury to a community somewhere. They're not choosy about which community."

Full marks to Scotland Yard for using the T word.

by Sassafras on Mon Jul 6th, 2009 at 12:40:23 PM EST
[ Parent ]
Scotland Yard channeling Glenn Beck. they've been predicting (salivating about) a new excuse to clamp down on brown people ever since 7/7.

They've lost so much credibility given the shootings, the pointless stop and searches, the detentions, the failed grandstanding arrests to the extent that nothing less than a major terrorist incident will restore their credibility. So they wait and hope.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Mon Jul 6th, 2009 at 05:12:01 PM EST
[ Parent ]
[Europe.Is.Doomed™ Alert]

France's Stimulus Projects, Unlike in U.S., Were `Shovel Ready'  | New York Times:

... All told, Paris has set aside 100 million euros in stimulus funds earmarked for what the French like to call their cultural patrimony. It is a French twist on how to overcome the global downturn, spending borrowed money avidly to beautify the nation even as it also races ahead of the United States in more classic Keynesian ways: fixing potholes, upgrading railroads and pursuing other "shovel ready" projects.

"America is six months behind; it has wasted a lot of time," said Patrick Devedjian, the minister in charge of the French relance, or stimulus. By the time Washington gets around to doling out most of its money, Mr. Devedjian sniffed, "the crisis could be over."

Gallic pride aside, Mr. Devedjian has a point. While he plans to spend 75 percent of France's stimulus money this year, the White House is giving itself until fall 2010 to lay out that big a share of the American expenditure. And many experts predict that Washington will fall short of that goal.

As it turns out, France's more centralized, state-directed economy -- so often criticized in good times for smothering entrepreneurship and holding back growth -- is proving remarkably effective at deploying funds quickly and efficiently in bad times.

"All projects must start in 2009," Mr. Devedjian said. "We want rapid results." ...



Truth unfolds in time through a communal process.
by marco (cowannar at gmail punkt com) on Mon Jul 6th, 2009 at 04:01:13 PM EST
[ Parent ]
Hee, that must really twist.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Mon Jul 6th, 2009 at 05:12:56 PM EST
[ Parent ]
yeah.  and with barbs at the end:

France's Stimulus Projects Were `Shovel Ready' - NYTimes.com

So what about the criticism that Europe is not being as aggressive as the United States in combating the global slowdown, with only tepid stimulus packages?

That's not the way the French see it.

"You lost time with changing a president and no decisions were made in the last three months of 2008," Mr. Devedjian jibed. "Nothing happened in January 2009, and in February, there was just a speech."

"The country that is behind is the U.S.," he said, "not France."



Truth unfolds in time through a communal process.
by marco (cowannar at gmail punkt com) on Mon Jul 6th, 2009 at 05:29:19 PM EST
[ Parent ]
French anti-Americanism (primaire)

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Tue Jul 7th, 2009 at 05:26:53 AM EST
[ Parent ]
And a French politico trying to make himself sound smart.

Many of those shovel ready projects are motorway projects that had been more or less slowed by the Grenelle de l'Environement... Greenswashing is less of a priority nowadays.

Un roi sans divertissement est un homme plein de misères

by linca (antonin POINT lucas AROBASE gmail.com) on Tue Jul 7th, 2009 at 05:50:24 AM EST
[ Parent ]
linca: Many of those shovel ready projects are motorway projects that had been more or less slowed by the Grenelle de l'Environement...

Do you mean that these projects were slowed down due to concerns over potential environmental harm they might cause?

Truth unfolds in time through a communal process.

by marco (cowannar at gmail punkt com) on Tue Jul 7th, 2009 at 08:36:41 AM EST
[ Parent ]
Yes. For example :

Plan de relance de l'économie: des autoroutes en plus - Transport et infrastructures - Le Moniteur.fr

Les trois projets concernés sont l'A 63, entre Salles et Saint-Geours-de-Maremne (Landes) pour relier Bordeaux et la frontière espagnole, l'A150 entre Ecalles-Alix et Barantin (Rouen-Le Havre) et l'A355 (contournement ouest de Strasbourg). Ces trois projets autoroutiers représentent un peu plus de 800 millions d'euros de travaux, a précisé M. Fillon lors de l'inauguration à Copponex (Haute-Savoie) d'un tronçon de l'autoroute A41 (Annecy-Genève).
Une annonce saluée notamment par Jean-François Roverato, le PDG d'Eiffage. "C'est une très bonne nouvelle. Cela lève les interrogations sur ces trois projets qui étaient d'actualité depuis des années mais avaient été mis en "stand-by" depuis le Grenelle de l'Environnement." Chez Vinci, on se félicite également "de cette décision qui va dans le bon sens".

Contradiction
En revanche, les écologistes s'inquiètent de cette priorité donnée à l'automobile tout en se refusant à y voir un coup de canif dans le Grenelle de l'environnement.

Another major measure was trying to help car sales by buying over 10 years old models above their value...

Un roi sans divertissement est un homme plein de misères

by linca (antonin POINT lucas AROBASE gmail.com) on Tue Jul 7th, 2009 at 08:52:47 AM EST
[ Parent ]
 ECONOMY & FINANCE 

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Jul 6th, 2009 at 11:30:56 AM EST
CNNMoney.com Market Report - Jul. 6, 2009

NEW YORK (CNNMoney.com) -- Stocks tumbled Monday morning, as weakness in overseas markets and tumbling oil prices added to concerns about the length of the recession.

The Dow Jones industrial average (INDU) fell 70 points, or 0.9%, over an hour into the session. The S&P 500 (SPX) index lost 10 points, or 1.1%, and the Nasdaq (COMP) fell 26 points, or 1.4%.

Stocks slipped Thursday in the last session of a holiday-shortened trading week after a weaker-than-expected jobs report fueled worries about the economy. All financial markets were closed Friday for the Independence Day weekend.

Stocks rallied for three months, with the S&P 500 gaining 40%, on bets that the economy is closer to stabilizing. But stocks have drifted lower in the last three weeks on concerns that the run up was too much, too soon.

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Jul 6th, 2009 at 11:52:02 AM EST
[ Parent ]
Telegraph: US lurching towards 'debt explosion' with long-term interest rates on course to double

The US economy is lurching towards crisis with long-term interest rates on course to double, crippling the country's ability to pay its debts and potentially plunging it into another recession, according to a study by the US's own central bank

n a 2003 paper, Thomas Laubach, the US Federal Reserve's senior economist, calculated the impact on long-term interest rates of rising fiscal deficits and soaring national debt. Applying his assumptions to the recent spike in the US fiscal deficit and national debt, long-term interests rates will double from their current 3.5pc.

The impact would be devastating by making it punitively expensive to finance national borrowings and leading to what Tim Congdon, founder of Lombard Street Research, called a "debt explosion". Mr Laubach's study has implications for the UK, too, as public debt is soaring. A US crisis would have implications for the rest of the world, in any case.

[Torygraph Alert]

by Sassafras on Mon Jul 6th, 2009 at 12:43:37 PM EST
[ Parent ]
3.5% is punitively expensive???

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 Jul 6th, 2009 at 01:04:09 PM EST
[ Parent ]
Staggering isn't it ? I believe their gas prices are truly horrid as well.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Mon Jul 6th, 2009 at 05:15:04 PM EST
[ Parent ]
double from their current 3.5pc

Twice 3,5% makes 7%.

by gk (g k quattro due due sette "at" gmail.com) on Mon Jul 6th, 2009 at 05:46:05 PM EST
[ Parent ]
Right, okay.

I'll believe that the US can have 7% long-term interest rates when I see 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 Tue Jul 7th, 2009 at 05:40:46 AM EST
[ Parent ]
They're not saying that 3.5 % is punitively expensive, but that 7 % is.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid (arvid.hallen at gmail.com) on Mon Jul 6th, 2009 at 05:48:30 PM EST
[ Parent ]
well, it would double the yearly interest bill from roughly 350 billion to 700 billion. A year ago, 350 billion was pretty close to what the largest the budget deficit had ever been...

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Tue Jul 7th, 2009 at 05:38:52 AM EST
[ Parent ]
MEND, Relentless | Reuters | 6 July 2009

Nigeria's main militant group said on Monday it had sabotaged a Chevron oil facility and seized a chemical tanker and six crew members, the latest in a string of attacks in Africa's biggest energy producer.

The Movement for the Emancipation of the Niger Delta (MEND) said it attacked Chevron's Okan manifold late on Sunday in the southern Delta state, hours after it sabotaged an oil well head operated by Royal Dutch Shell.

It was not immediately possible to independently verify the statement. U.S. oil firm Chevron, which halted swamp operations in Delta state following attacks on its pipelines in May, said it was investigating the report.

Chevron, Shell and Italian energy firm Agip have cut output by around 273,000 barrels per day in the last six weeks following the latest campaign of militant violence....

MEND also said on Monday it seized a chemical tanker and six crew members off the coast of Escravos in the Niger Delta. It said three of the hostages were from Russia, two from the Philippines and one from India.

"Six crew members from the chemical tanker Siehem Peace was seized about 20 nautical miles from Escravos on Sunday ... and will be held until further notice," said MEND, who threatened further offshore attacks.



Diversity is the key to economic and political evolution.
by Cat on Mon Jul 6th, 2009 at 08:29:03 PM EST
[ Parent ]
Eves Smith has been digging for bodies from the ongoing crash and posted her own hypothesizes as to how the bad paper got pedaled, etc.  She has asked her readers for help and got it in spades from Entirely.  A Michael Lewis article on AIG got her asking questions.  Interesting reading.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer at eurotrib.com) on Mon Jul 6th, 2009 at 10:34:05 PM EST
[ Parent ]
Recession may get worse, Gordon Brown warns world leaders
The worst of the recession may be yet to come and world leaders are in danger of hampering the recovery, Gordon Brown will say today.

As he begins a week of meetings with world leaders, the Prime Minister will strike an unexpectedly gloomy note about the prospects of an upturn and will demand that fellow heads of government "sound a second-wake up call for the world economy".

Soaring oil prices, rising 75 per cent this year, protectionist measures contributing to a 10 per cent drop in trade and the failure of banks to start lending again could all put the recovery at risk, according to Downing Street.

The remarks are a departure from Mr Brown's usual rhetoric. His forecast that the British economy will emerge from recession by the end of the year is expected to form the basis of Labour's general election campaign. Downing Street sources denied that the remarks were a change, saying that he had not spoken about the international economy for a while.


Brown seems firmly in the camp of the two handed economists.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer at eurotrib.com) on Mon Jul 6th, 2009 at 11:03:23 PM EST
[ Parent ]
BBC NEWS | Business | Worst of the recession 'is over'

The worst of the UK's recession is over, according to the British Chambers of Commerce (BCC) business group, but talk of a recovery is premature.

Its report, based on a survey of 5,600 companies, found there had been "welcome progress" in confidence levels between April and June.

But the BCC is still predicting that unemployment will reach 3.2 million by the middle of 2010.

It warned that the increase in confidence was fragile.

It's good to see 'confidence' standing in for GDP. And in fact...

"Our economy is based on confidence, and wealth-creating businesses need to know they will be given the freedom and flexibility to drive the UK out of recession and into a sustainable recovery."

He added that the proposed increase in National Insurance contributions in 2011 was a "tax on jobs" which should be scrapped.

He also called for banks to continue lending and said that businesses expect the government to sort out "the appalling state of the public finances".

by ThatBritGuy (thatbritguy (at) googlemail.com) on Tue Jul 7th, 2009 at 04:14:53 AM EST
[ Parent ]
"Our economy is based on confidence"

Well, it certainly is NOT based on solvency, but lets not talk about all of that debt.
"...wealth-creating businesses need to know they will be given the freedom and flexibility to drive the UK out of recession and into a sustainable recovery."

Surely he is including The City at the top of the list of "wealth-creating businesses".

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer at eurotrib.com) on Tue Jul 7th, 2009 at 09:50:12 AM EST
[ Parent ]
America's Fiscal Train Wreck

While Edward Harrison still believes that a technical recovery will occur Q4-Q1 he remains concerned about the downside risks, cites Brown's message today in France, (cited above), and faults the Obama Administration for spending their political capital bailing out big banks, for putting together a weak stimulus and for now having no bullets left.  He believes that, in order to keep deflation at bay, additional stimulus will be required.  Therein lies the rub.

The problem is the U.S. government budget deficit. In April, in a post called "The Cult of Zero Imbalances," Marshall Auerback made the case for stimulus, aware of the downside risks for the dollar and bond prices because of that deficit. Yes, there are risks for America associated with deficit-inducing stimulus in the short-term, but they can be mitigated if the Obama Administration actually showed a plan to reduce the longer-term deficit.  But, as David Leonhardt has argued, Obama's team has no deficit reduction plan whatsoever.

So now we must contemplate America's fiscal train wreck; and that is exactly what Richard Berner at Morgan Stanley is doing.  Here is an excerpt of his research note published today.

America's long-awaited fiscal train wreck is now underway.  Depending on policy actions taken now and over the next few years, federal deficits will likely average as much as 6% of GDP through 2019, contributing to a jump in debt held by the public to as high as 82% of GDP by then - a doubling over the next decade.  Worse, barring aggressive policy actions, deficits and debt will rise even more sharply thereafter as entitlement spending accelerates relative to GDP.  Keeping entitlement promises would require unsustainable borrowing, taxes or both, severely testing the credibility of our policies and hurting our long-term ability to finance investment and sustain growth.  And soaring debt will force up real interest rates, reducing capital and productivity and boosting debt service.  Not only will those factors steadily lower our standard of living, but they will imperil economic and financial stability.

Though doomsayers have been predicting disaster from deficits without those disasters materializing, Harrison begs to differ.

Well, they do matter.  Eventually, the day of reckoning will come.  Berner puts it this way.

Some are concerned that our reckless fiscal policy will trigger a downgrade of the US sovereign debt rating, making the financing of our burgeoning deficits more difficult.  While worries that the US will default on its debt are illogical, global investors and officials are concerned about the credibility and the sustainability of our fiscal policies.  So am I.  They fear that we will adopt policies that will undermine the dollar and the domestic value of dollar-denominated assets through a combination of risk premiums and inflation.  I worry about that too, although such policies probably would be accidental rather than deliberate.  As a result, interest rates may have to rise significantly to compensate investors, including reserve portfolio managers and sovereign wealth funds, for such dangers.  While the dollar will for now retain its reserve-currency status, such concerns put it at risk.


 

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer at eurotrib.com) on Mon Jul 6th, 2009 at 11:37:41 PM EST
[ Parent ]
The man from Morgan Stanley:
Not only will those factors steadily lower our standard of living, but they will imperil economic and financial stability.

Which hasn't happened so far.

Does 'entitlement spending' include bank bailouts, or does it mean money spent on poor people?

by ThatBritGuy (thatbritguy (at) googlemail.com) on Tue Jul 7th, 2009 at 04:19:43 AM EST
[ Parent ]
The crisis is an outlier. What these people are worried is the growth rate in the upward phase of the next bubblebusiness cycle.

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 Tue Jul 7th, 2009 at 04:51:07 AM EST
[ Parent ]
Pretty big outlier though.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer at eurotrib.com) on Tue Jul 7th, 2009 at 09:42:02 AM EST
[ Parent ]
That's why it's an outlier.

If it were just a 3 sigma move it wouldn't be an outlier.

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 Tue Jul 7th, 2009 at 09:45:42 AM EST
[ Parent ]
Altec Corporation was an early spin-off of the Bell System and was long the premier manufacturer of audio equipment in the US.  It borrowed and issued stock and sold bonds for years.  Then it was bought by Ling-Tempco-Vought, a 70s conglomerate.  After a few years LTV fitted Altec with as much debt as it could conceivably carry, pocketed the proceeds and spun Altec off.  It took several years but Altec was eventually crushed by the debt.  One could say that the debt provided by LTV was an outlier, but it still sucked the life out of the company.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer at eurotrib.com) on Tue Jul 7th, 2009 at 09:59:46 AM EST
[ Parent ]
ARGeezer:
One could say that the debt provided by LTV was an outlier, but it still sucked the life out of the company.
I am on record as saying that outliers should not be rejected.

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 Tue Jul 7th, 2009 at 11:13:47 AM EST
[ Parent ]
that's so last week tbg!

pre michael jackson even.

the revolution didn't happen, so they got right back into doing the only thing they know how to do.

termites don't think, architectural integrity and structural strength are not their thing...

unless the crowds have made it up to the 50th floor with blazing pitchforks these clowns run the circus.

risk is heroin to them

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

by melo (melometa4(at)gmail.com) on Tue Jul 7th, 2009 at 08:08:53 AM EST
[ Parent ]
 WORLD 

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Jul 6th, 2009 at 11:31:56 AM EST
Russians hit the red button on U.S. ties | Reuters

MOSCOW (Reuters) - Russians queued up in Moscow at the weekend to press -- quite literally -- a reset button on U.S.-Russian relations, a publicity stunt meant to clear the air on the eve of U.S. President Barack Obama's visit.

The stunt centered on the symbolic red button U.S. Secretary of State Hillary Clinton gave to Russian Foreign Minister Sergei Lavrov in March, urging him to press it to reinvigorate relations between their two nations.

Lavrov was quick to point out that the Americans had mis-spelled the Russian word on the button's label, giving it the meaning of "overload" instead of "reset."

Lavrov lent the button to the state-owned Rossiyskaya Gazeta newspaper, which installed it on Moscow's Pushkin Square to serve as a kind of geopolitical genie.

Russians queued for the chance to press it and make a wish for better bilateral relations between Moscow and Washington.

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Jul 6th, 2009 at 11:38:24 AM EST
[ Parent ]
Obama and Medvedev offer to scrap 1,000 nuclear warheads each | World news | guardian.co.uk

The US and Russia have agreed to work towards cutting deployed nuclear warheads to as few as 1,500 each, according to an agreement signed by Barack Obama on his first trip to Russia as president.

Obama and Medvedev signed a framework agreement that aspires to cut warheads to a maximum of 1,675 within seven years of a nuclear arms reduction treaty coming into force. That represents scrapping almost 1,000 warheads on both sides, according to expert estimates of current warhead levels.

The pact signed today also calls for the number of strategic delivery systems to be reduced to between 500 and 1,100 on each side. These systems include intercontinental ballistic missiles, submarine-launched missiles and heavy bombers.

Among a flurry of announcements today, Russia agreed to let the US fly troops and weapons across its airspace to provide an air corridor for its forces in Afghanistan.

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Jul 6th, 2009 at 11:39:28 AM EST
[ Parent ]
So I was totally peeved out of my mind last night when Chuck Todd came on TV and lamented the fact that there was no evidence that Russia cared about Obama's visit.  He said the "state run" television was not covering the event, and there were no banners around the city (Moscow) announcing the event.  He took a little look around ar the Kremlin backdrop behind him, sighed, and said it was very quiet - that the Kremlin was trying to play down the event, to not draw any attention to Obama's vistit.

Alright, Chuck.  Don't mention that you are reporting from the city at 3am!  I mean, that might have explained the lack of fanfare on Red Square?  And it was very curious to me that I'd been watching Russian "state-run" tv off and on all weekend, and it was wall-to-wall coverage of the upcoming summit, including a 4th of July celebration in Moscow, interviews with the American Ambassador to Russia, statements from Medvedev (and Chuck, "Meh-Dvuh-dev"?  really?) programmes on US-Russian cooperation in space, interviews with journalists from the EU about Nato & the missile shield, and yeah, the public installation of the "reset" button in Pushkin Square, where Muskovites were having their pics taken with a cardboard cut out of Obama.

Just in case all of this stuff might have been some Potemkin Russia invented by Kremlin-run RT, I checked out Moscow Times, which fancies itself the most independent rag in Russia, and sure enough, they confirm these events.  

So, either Chuck got off the plane at the wrong stop, or he's seen too many spy movies, mistaking people asleep at 3am for a city of 8 million being kept in the dark about Obama's visit.

And can someone tell me why the h*** there should be banners announcing Obama has arrived in your county?

"Pretending that you already know the answer when you don't is not actually very helpful." ~Migeru.

by poemless on Mon Jul 6th, 2009 at 04:38:58 PM EST
[ Parent ]
Oh, and as to the deplorable lack of coverage of the summit, I had to flip through a half hour's worth of Michael Jackson custody coverage before hearing a US news anchor mention Russia this morning...

"Pretending that you already know the answer when you don't is not actually very helpful." ~Migeru.
by poemless on Mon Jul 6th, 2009 at 04:41:01 PM EST
[ Parent ]
BBC NEWS | Asia-Pacific | Scores killed in China protests

Several hundred people were arrested after a protest, in the city of Urumqi on Sunday, turned violent.

Beijing says Uighurs went on the rampage but one exiled Uighur leader says police fired on students.

The protest was reportedly prompted by a deadly fight between Uighurs and Han Chinese in southern China last month.

The BBC's Chris Hogg in Shanghai says this is one of the most serious clashes between the authorities and demonstrators in China since Tiananmen Square in 1989.

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Jul 6th, 2009 at 11:49:20 AM EST
[ Parent ]
Uygur victims of south China toy factory brawl condemn Xinjiang riot_English_Xinhua

SHAOGUAN, Guangdong, July 6 (Xinhua) -- The Xinjiang Uygur workers injured in a toy factory brawl in south China's Guangdong Province condemned the riot in their hometown, where at least 140 people were killed.

    "The rioters used our injuries as an excuse for their violence," said Atigul Turdi, 24, who was injured when she was running out of the scene of the fight on June 26 in Xuri toy factory in Shaoguan City, Guangdong. "I firmly opposed the violence in the name of taking revenge for us."

    Two Uygur workers died and 60 Xinjiang Urgur workers were injured in the brawl. Then riot organizers started posting calls on Internet forums for demonstrations in Urumqi, the Xinjiang regional capital.

    "I believe the government will handle the brawl appropriately," Turdi said. "Why did the rioters destroy our beautiful and peaceful Xinjiang region in such cruel manners?"

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Jul 6th, 2009 at 11:49:34 AM EST
[ Parent ]
Sources in Urumqi? They're (very) hard to come by. | csmonitor.com

BEIJING -Trying to work out what on earth happened Sunday night in Urumqi, where the government says that at least 140 people died in a riot, is proving about as hard as getting an interview with President Hu Jintao.

The key question is: Who died? Muslim Uighur demonstrators, cut down by the police, as Uighur exile groups claim? Or innocent Han Chinese bystanders, butchered by a mob of Uighurs, as the government-owned media are making out?

Getting any Uighurs in Urumqi to talk on Monday was impossible. Their Internet access had been cut off, most of their phones, too, and those whom foreign journalists reached were too terrified of the government to say anything.

Xinjiang, an allegedly autonomous region, is the hardest place I have ever worked. The atmosphere of repression is Stalinist. For a week last year I tried to gauge ordinary people's feelings there about the authorities. Not one person I spoke to would give his real name, and most whom I approached wanted nothing to do with me.

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Jul 6th, 2009 at 11:49:46 AM EST
[ Parent ]
Al Jazeera: Xinjiang: China's 'other Tibet'

While reports of unrest in Tibet frequently grab headlines around the world, little attention is given to what several human rights groups have dubbed China's "other Tibet".

China's frontier to Central Asia, the vast western region of Xinjiang has in recent years seen escalating ethnic tensions and the imposition of a heavy military presence to suppress what Beijing says is a growing terrorist threat.

From Beijing's point of view, Xinjiang has always been a part of China.

But while the region has a history of domination at the hands of the Chinese, Beijing's claim overlooks long gaps where the region merged with Central Asian and Turkic states.

To this day, most Uighurs feel more culturally aligned with the Turkic peoples to the west, rather than Beijing to the east.  

by Sassafras on Mon Jul 6th, 2009 at 12:27:30 PM EST
[ Parent ]
Rocks Hurled At Chinese Embassy In The Hague - Police:

Demonstrators hurled rocks Monday at the Chinese embassy in The Hague and about 60 people were detained in a protest that followed deadly unrest in China's Xinjiang region, police said.

Rocks and cobble stones were hurled at the embassy building and several windows were broken.

Police spokeswoman Chantal Marges said "about 60 people" were held for failing to follow police orders.



Truth unfolds in time through a communal process.
by marco (cowannar at gmail punkt com) on Tue Jul 7th, 2009 at 07:34:33 AM EST
[ Parent ]
New Protests in Western China After Deadly Clashes | New York Times:
Rival protesters took to the streets again on Tuesday, defying Chinese government efforts to lock down this regional capital of 2.3 million people and other cities across its western desert region after bloody clashes between Muslim Uighurs and Han Chinese. <...>

Police fired tear gas on Tuesday at Han Chinese protesters armed with clubs, lead pipes, shovels and hoes, news reports said. Earlier, in an attempt to contain China's worst ethnic violence in decades, the authorities imposed curfews, cut off cellphone and Internet services and sent armed police officers into neighborhoods. <...>

Despite the authorities efforts to bring the situation under control, hundreds of Uighur protesters defied the police, crashing a state-run tour of the riot scene for foreign and Chinese journalists.

A wailing crowd of women, joined later by scores of Uighur men, marched down a wide avenue Tuesday with raised fists and tearfully demanded that the police release Uighur men who they said had been seized from their homes after Sunday's violence. Some women waved the identification cards of men who had been detained.

As journalists watched, the demonstrators smashed the windshield of a police car and several police officers drew their pistols before the entire crowd was encircled by officers and paramilitary troops in riot gear.

"A lot of ordinary people were taken away by the police," a protester named Qimanguli, a 13-year-old girl clad in a white T-shirt and a black headscarf, said, crying. She said her 19-year-old brother had been detained on Monday, long after the riots had ended. <...>

Internet social platforms and chat programs appeared to have unified Uighurs in anger over the way Chinese officials had handled the earlier brawl, which took place in late June thousands of miles away in Shaoguan, Guangdong Province. There, Han workers rampaged through a Uighur dormitory, killing at least two Uighurs and injuring many others, according to the state news agency, Xinhua. Police officers later arrested a resentful former factory worker who had ignited the fight by spreading a rumor that six Uighur men had raped two Han women at the site, Xinhua reported. ...



Truth unfolds in time through a communal process.
by marco (cowannar at gmail punkt com) on Tue Jul 7th, 2009 at 08:42:07 AM EST
[ Parent ]
G8: Not Everyone Is Following the Leaders - IPS ipsnews.net
ROME, Jul 6 (IPS) - Many civil society organisations are staying on in Sardinia island in support of a region severely affected by the economic crisis, after the G8 leaders summit was moved from there to the city of L'Aquila.

Italian Prime Minister Silvio Berlusconi decided to move the G8 meeting to L'Aquila, north-east of Rome, after a major earthquake almost destroyed the city and surroundings in April, killing 300 people. The government explained the decision as "an act of solidarity, and attention to the region's population."

But 17 national, international and regional NGOs that had begun work with the people of Sardinia decided they would not walk out on the region. "We had started to work with the local communities on our joint proposals to the G8 when the decision was taken," says Raffaella Bolini of the human rights organisation Arci. "And we decided to maintain our activities there, particularly in the mining areas of Sulcis Iglesiente and Maedio Campidano."
by afew (afew(a in a circle)eurotrib_dot_com) on Mon Jul 6th, 2009 at 12:03:50 PM EST
[ Parent ]
Timesonline: Iran clerics declare election invalid and condemn crackdown

Iran's biggest group of clerics has declared President Mahmoud Ahmadinejad's re-election to be illegitimate and condemned the subsequent crackdown.

"It's a clerical mutiny," said one Iranian analyst. "This is the first time ever you have all these big clerics openly challenging the leader's decision." Another, in Tehran, said: "We are seeing the birth of a new political front."
by Sassafras on Mon Jul 6th, 2009 at 12:45:37 PM EST
[ Parent ]
Birth of a New Political Front | PRESS TV| 6 July 2009

Grand Ayatollah Seyyed Hossein Mousavi-Tabrizi --no relations to Mir-Hossien Mousavi--, who heads the Association of Researchers and Tutors of the Qom Seminary, said today that establishing a party by Mousavi would be a worthy step, ILNA news agency reported.

"Having (political) parties in any country is a prelude to establishing and strengthening democracy," said the cleric.

"If people such as Mousavi want to set up strong political parties, this will be a good and worthy step, and must be welcomed, for naturally these parties will operate within the framework of the law," Mousavi-Tabrizi elaborated.

Another political grouping that backed Mousavi in his presidential bid is the Islamic Revolution's Mujahedin Organization (IRMO) which is based in Iran. Mohammad Salamati, the IRMO General Secretary, also called on Mousavi to set up a political party, saying that Mousavi "has many supporters whose organization requires a party."



Diversity is the key to economic and political evolution.
by Cat on Mon Jul 6th, 2009 at 08:13:20 PM EST
[ Parent ]
Timesonline: Saudis give nod to Israeli raid on Iran

The head of Mossad, Israel's overseas intelligence service, has assured Benjamin Netanyahu, its prime minister, that Saudi Arabia would turn a blind eye to Israeli jets flying over the kingdom during any future raid on Iran's nuclear sites.

Earlier this year Meir Dagan, Mossad's director since 2002, held secret talks with Saudi officials to discuss the possibility.

The Israeli press has already carried unconfirmed reports that high-ranking officials, including Ehud Olmert, the former prime minister, held meetings with Saudi colleagues. The reports were denied by Saudi officials.

by Sassafras on Mon Jul 6th, 2009 at 12:47:30 PM EST
[ Parent ]
Murdoch rattling Israel's and Saudi's sabre for them....

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 Jul 6th, 2009 at 01:03:08 PM EST
[ Parent ]
I really don't see that.

There's a lot of downside and very little up. Even if you take the view that the Saudis believe that having the Israelis deal with Shi'ite infidel rivals is a good thing. I'm just not convinced that's how it'll play and would be a risky strategy for little gain.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Mon Jul 6th, 2009 at 05:19:55 PM EST
[ Parent ]
And when the Shia start blowing those pipelines off the map, and take the entire planet into a depression that'd make the Great Depression look like a walk in the park, the Saudis will realize what a stupid idea that was.

Particularly when I'll bet you not one of the big, oil-dependent countries has yet to draw up plans on seizing the fields.

But then in that case the royals are probably all left either fleeing the country or beheaded.

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

by Drew J Jones (myfriends@thisispancakes.com) on Fri Jul 10th, 2009 at 08:32:46 AM EST
[ Parent ]
Honduran Troops Fire on Supporters, Kill Two | DemcocracyNow! | 6 July 2009

AMY GOODMAN: A week after a military coup in Honduras, soldiers and riot police blocked the airport runway Sunday evening preventing ousted President Manuel Zelaya from returning to the country. Heavily armed Honduran soldiers also used tear gas and machine guns to disperse an unarmed crowd of over tens of thousands of people who had come from all over the country, despite military blockades, to wait at the airport and welcome back their ousted President. At least two people were reportedly killed and more wounded. After several failed attempts to touch down at Tegucigalpa airport, Zelaya's plane eventually flew to Nicaragua, where he met President Daniel Ortega. He was accompanied by the President of the UN General Assembly Miguel D'Escoto Brockman on the plane. Zelaya then went on to El Salvador where he is due to meet the presidents of Argentina, Ecuador and Paraguay and the head of the Organization of American States....

ANDRES CONTERIS: The media overwhelmingly in this country is controlled by an oligarchy that is very supportive of this coup. And so they are only trying to get out the story about some of the demonstrations that have been in favor of Roberto Micheletti taking power a week ago yesterday. However, the press who is trying to give a balanced approach and to give voice to those who are in the streets yesterday and the recent days, in addition to yesterday. They are finding--they're facing incredible repression. There was a journalist on Friday murdered after leaving Radio America in San Juan Pueblo in the rural area in the north. Then there are two journalists who are in hiding. One is the head of channel 36 and the other is the director of Radio Global. Other journalists who have decided to continue their programming are facing death threats. And fear and intimidation tactics....

AMY GOODMAN: Also a bomb on July 4th, Saturday exploded at Channel 11 in Tegucigalpa?

ANDRES CONTERIS: That happened at 9:30 PM at night. It was the first bomb that had been placed in the institution that actually went off. The material damage was severe, there was no one else hurt. Channel 11 has not been known as a channel that would give the side that is countered to this regime that is in power now, but they were attempting to do some small efforts to give a balanced approach. Even in doing that, that is what caused them to be a target of this bombing. Other channels closed, I said channel 36, also channel 45. In terms of radio, Radio Global in Tegucigalpa is the station that is most been under attack. I mentioned a man who jumped three stories, the director is in hiding. Other journalists are under life threats. One of the radios stations in the countryside, Radio Progresso, this was shut down. ...



Diversity is the key to economic and political evolution.
by Cat on Mon Jul 6th, 2009 at 07:39:28 PM EST
[ Parent ]
Photo Essay | Upside Down World | 6 July 2009

caption: When protesters began trespassing the barbed-wire fence, the army responded by shooting tear gas and live rounds. One person was killed on the scene, dozens were injured, and overnight, at least three other people died in local hospitals.

caption: Once again, so that the people of Honduras will remain united: the blood of a martyr is the seed for many Hondurans who will stand up and remain firm against such de facto government - this government of delinquents. We are only following Article 3rd of our Constitution: 'Nobody should obey a Government which has reached power by means of usurpation.'"
-Cesar Omar Silva, television journalist for State-owned Channel 8.



Diversity is the key to economic and political evolution.
by Cat on Mon Jul 6th, 2009 at 07:48:44 PM EST
[ Parent ]
Time for U.S. to Act | Mexico Blog | 5 July 2009

Since the thwarted landing, some media has begun to push negotiated solutions that do not recognize Zelaya's presidency. This represents backsliding from the global consensus. Proposals such as pushing up the elections while leaving the coup government in place, shouldn't even be circulating at this point. Canada's jarring proposal at the July 4 OAS meeting to review the circumstances of the coup also represents a step backward, since the OAS Secretary General has been doing precisely that for several days. Both a "senior administration official" and the Canadian representative of the OAS expressed views that Zelaya should not return to his country now. Although the Canadian ambassador to the OAS voiced concern for the Honduran president's safety, their comments also hint at a dangerous willingness to allow the coup to survive for at least a while longer.

Diplomatic efforts must move forward from the current position by stepping up pressures on the Honduran coup. The next step is economic sanctions. And on that one, the world's largest economy, Honduras' major trade partner and source of foreign income, the United States holds the cards.

Zelaya explicitly recognized this. After turning back, he stated, "Starting tomorrow, the United States, which has tremendous power, should take action."

"Specifically, the strongest government in economic matters, in aspects of the sphere of the dollar, for us is the United States. If they decide to live with the coup, then democracy in the Americas is over... In this sense, I ask the powers that have economic and commercial influence to apply measures when legitimate institutions of society side with barbarity and terror to commit abuses as in Honduras."



Diversity is the key to economic and political evolution.
by Cat on Mon Jul 6th, 2009 at 07:59:52 PM EST
[ Parent ]
Interestingly, Obama has not supported the coup and has actually called for the return of Ezala. This doesn't sound like much, but stands in stark contrast with the right, which is trumpetting on every front the BigLieTM that the former president was the one performing a coup.
You can see a concerted propaganda effort on US media outlets, and I'm under the impression that, unlike under former presidents, it started with a slight delay. I don't know what's going on but there seems to be a disconnect between the administration and the power centers.

A 'centrist' is someone who's neither on the left, nor on the left.
by nicta (nico&#65312;altiva&#8228;fr) on Tue Jul 7th, 2009 at 03:12:38 AM EST
[ Parent ]
a disconnect between the administration and the power centers.

Yep, the admin's public diplomatic position is conspicuously ambiguous in light of current and historical US institutional interests. I would not assume however a rhetorical null pointer signifies indifference to desired outcome among admin officers. Over the weekend maracatu quoted Lowenthal:

Honduras may prove to be a tough test

for US militarized, intelligence assets. At that moment something Chomsky had said galvanized in my mind a hypothesis, relating popular participation (referenda) to popular pacification (suppression), to determine operating rules for remote control.

(2 July 2009) Right now in Iraq, something interesting is happening. Obama is pressing the Iraqi government not to permit the referendum that's required by the Status of Forces Agreement. That's an agreement that was forced down the throats of the Bush administration, which had to formally renounce its primary war aims in the face of massive Iraqi resistance. Washington's current objection to the referendum was explained two days ago by New York Times correspondent Alissa Rubin: Obama fears that the Iraqi population might reject the provision that delays US troop withdrawal to 2012....

Furthermore, 2 July 2009

Uribe is poised to do it again. While he has acted coy and evasive when asked whether he wants to extend his presidency... The referendum would ask Colombians to vote on yet another constitutional amendment to allow presidents to run for a third term. Given Uribe's overwhelming approval rating, such a measure could turn out well for him....

Obama greeted Uribe warmly at the White House this week, praising him for his "diligence and courage" and speaking optimistically about the passage of a free trade agreement -- a measure presidential-candidate Obama opposed on human rights grounds....

"I commended President Uribe on the progress that has been made in human rights in Colombia and dealing with the killings of labor leaders there," Obama said on Monday. In reality, a report by the International Trade Union Confederation this month shows that "Colombia remains the world's deadliest country for labor organizers, with 49 killed last year, up from 39 in 2007 but down from 78 in 2006," according to the Associated Press.

Technocrats live for tests, the apparent legitimacy of tests. Certainly process über results.

Diversity is the key to economic and political evolution.

by Cat on Tue Jul 7th, 2009 at 11:25:30 AM EST
[ Parent ]
South African Unions|Reuters |6 July 2009

In the latest strike action, nearly 70,000 construction workers will down tools on Wednesday over wages, which could halt work on stadiums for the 2010 Soccer World Cup.

Unions at state broadcaster SABC will also strike this week, raising the possibility of a nationwide television blackout for the first time since television arrived in South Africa three decades ago.

Gold miners and the mineworkers' union NUM, which has vowed to strike if pay demands are not met, meet on Tuesday for a key meeting on wage talks while unions in the platinum, chemical, paper and petroleum sectors have also warned of strikes....

"The news is clearly worrying. There is some struggle within the ANC (alliance) to change policy direction, for payback of what the left sees as its dues for getting Zuma to power," said Peter Attard Montalto, emerging markets economist at Nomura in London.

COSATU nearly blocked the listing of mobile phone group Vodacom in May and has called for bigger interest rate cuts from the central bank -- all indications that the grouping plans to play a bigger role on the political stage.



Diversity is the key to economic and political evolution.
by Cat on Mon Jul 6th, 2009 at 08:22:04 PM EST
[ Parent ]
 LIVING OFF THE PLANET 
 Environment, Energy, Agriculture, Food 

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Jul 6th, 2009 at 11:32:26 AM EST
Social Democrats push for shift away from nuclear power | Germany | Deutsche Welle | 06.07.2009

Social Democrat Environment Minister Sigmar Gabriel called on Merkel and Economics Minister Karl-Theodor zu Guttenberg to give up their nuclear course in order to preserve "the security of German citizens."

In an interview with Berlin's Tagesspiegel daily, Gabriel said "the recent incidents in Krümmel prove we cannot justify the protracted use of older power plants."

Indeed the Kruemmel reactor in the northern state of Schleswig Holstein only roared back to life at the end of June after a fire in 2007 forced its closure for two full years. And in the few days since its reopening, the plant has twice been removed from the national grid. 

Action not investigation

The plant's Swedish operators, Vattenfall, say the latest shutdown, which put out the majority of traffic lights across Hamburg and left thousands of homes in the region with a reduced electricity supply, was the result of a short-circuit. They say they are investigating the cause, and have not indicated when normal operations might resume.

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Jul 6th, 2009 at 12:32:42 PM EST
[ Parent ]
Yeah yeah, Sigmar Gabriel rattling off his usual old song and dance.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid (arvid.hallen at gmail.com) on Mon Jul 6th, 2009 at 05:52:57 PM EST
[ Parent ]
GMO corn: France rejects report by EU food agency
France on Friday rejected a report by the European Union's food safety watchdog that said a controversial strain of genetically-modified corn was safe.

In a joint statement, the French ecology and agriculture ministries said the Italy-based European Food Safety Authority (EFSA) had failed to take into account requests to change the way it evaluated the risk.

"The conclusions of the council of European environment ministers must be respected," the statement said, referring to a December 4, 2008 decision, approved unanimously, that had called on the agency to overhaul its assessment methods.

France and five other EU members -- Austria, Germany, Greece, Hungary and Luxembourg -- have suspended sowing of Monsanto's MON810 maize, invoking safeguard clauses on the grounds of potential environmental hazard.

On Tuesday, EFSA's GMO panel declared that the product was safe both for health and the environment.

A gene inserted into the maize that makes it pest-resistant "does not raise any safety concern, and ... sufficient evidence for the stability of the genetic modification was provided," the panel said.

The French statement noted that 12 EU states had written to EFSA less than two months earlier.

On May 6, the 12 had called on the agency to ensure that safety assessments also cover any impact on other forms of wildlife and whether pests could develop resistance, as well as other criteria.

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Jul 6th, 2009 at 12:34:49 PM EST
[ Parent ]
Climate: no 'Plan B' for Copenhagen summit, says Danish minister
Denmark's Minister for Climate Connie Hedegaard said here Friday there was no "Plan B" if negotiations broke down for an ambitious climate accord at a December world summit in Copenhagen.

"It's clear, we are not working for a Plan B," Hedegaard said after a ministerial meeting of 29 countries from all continents to boost the talks that she said were going too slowly.

"To seal a deal in Copenhagen is a political challenge, not a technical one," Hedegaard said at a press conference in this western Greenland town, adding that the Greenland Dialogue launched by Denmark in 2005 was providing "political guidance" to the negotiations.

"On emission reductions, participants agreed that developed countries should explore how they can strengthen the ambition of their contribition and that developing countries' action must be strengthened -- all in order to meet the demands of science," the minister said.

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Jul 6th, 2009 at 12:36:09 PM EST
[ Parent ]
Hang on a minute. I gotta Plan B!

Energy Pool

Modern conservatives engage in one of man's oldest exercises in moral philosophy: the search for a superior moral justification for selfishness.Galbraith

by ChrisCook (cojockathotmaildotcom) on Mon Jul 6th, 2009 at 07:40:59 PM EST
[ Parent ]
I think possession of  Plan B proves that you cannot be Serious.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Tue Jul 7th, 2009 at 11:28:36 AM EST
[ Parent ]
The Climate Change Climate Change - WSJ.com

The number of skeptics, far from shrinking, is swelling. Oklahoma Sen. Jim Inhofe now counts more than 700 scientists who disagree with the U.N. -- 13 times the number who authored the U.N.'s 2007 climate summary for policymakers. Joanne Simpson, the world's first woman to receive a Ph.D. in meteorology, expressed relief upon her retirement last year that she was finally free to speak "frankly" of her nonbelief. Dr. Kiminori Itoh, a Japanese environmental physical chemist who contributed to a U.N. climate report, dubs man-made warming "the worst scientific scandal in history." Norway's Ivar Giaever, Nobel Prize winner for physics, decries it as the "new religion." A group of 54 noted physicists, led by Princeton's Will Happer, is demanding the American Physical Society revise its position that the science is settled. (Both Nature and Science magazines have refused to run the physicists' open letter.)

The collapse of the "consensus" has been driven by reality. The inconvenient truth is that the earth's temperatures have flat-lined since 2001, despite growing concentrations of C02. Peer-reviewed research has debunked doomsday scenarios about the polar ice caps, hurricanes, malaria, extinctions, rising oceans. A global financial crisis has politicians taking a harder look at the science that would require them to hamstring their economies to rein in carbon.



Truth unfolds in time through a communal process.
by marco (cowannar at gmail punkt com) on Mon Jul 6th, 2009 at 05:38:24 PM EST
[ Parent ]
Climate Progress » Blog Archive » Inhofe recycles long-debunked denier talking points -- will the media be fooled (again)?

Inhofe's Office claims "More Than 650 International Scientists Dissent Over Man-Made Global Warming Claims."

Yet the vast majority of those names are simply repeated from a 2007 list that was widely debunked, see Inhofe recycles unscientific attacks on global warming" and here and here and here. Let me repeat what I wrote at the time.

"Padded" would be an extremely generous description of this list of "prominent scientists." Some would use the word "laughable." For instance, since when have economists, who are pervasive on this list, become scientists, and why should we care what they think about climate science?

...

Then we have the likes of this from Inhofe's list:

CBS Chicago affiliate Chief Meteorologist Steve Baskerville expressed skepticism that there is a "consensus" about mankind's role in global warming.

Wow, a TV weatherman expressed skepticism. If only the IPCC had been told of this in time, they could have scrapped their entire report.



"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Tue Jul 7th, 2009 at 08:17:43 AM EST
[ Parent ]
Thank you, Melanchthon.

Truth unfolds in time through a communal process.
by marco (cowannar at gmail punkt com) on Tue Jul 7th, 2009 at 08:47:25 AM EST
[ Parent ]
 LIVING ON THE PLANET 
 Society, Culture, History, Information 

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Jul 6th, 2009 at 11:32:54 AM EST
Facebook revenue to be billions in 5 years: board member | Small Business | Reuters

SAN FRANCISCO (Reuters) - Facebook will likely be posting billions of dollars in revenue in five years, up from about $500 million this year, according to Silicon Valley entrepreneur Mark Andreessen who sits on Facebook's board.

Andreessen told Reuters that the world's most popular online social network could pile up $1 billion in revenue this year if it pushed harder on selling advertising.

But he added that it was more important at this stage for social sites like Facebook and Twitter to retain and grow their user base and capture market share, rather than worry too much about making lots of money right away.

"This calendar year they'll do over $500 million," Andreessen said in an interview, noting that Facebook has more than 225 million users, so revenue per user is still small.

"If they pushed the throttle forward on monetization they would be doing more than a billion this year," said Andreessen, who made the cover of Time Magazine as founder of the world's first Web browser company, Netscape.

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Jul 6th, 2009 at 11:58:35 AM EST
[ Parent ]
Telegraph: Protestor hijacks Antony Gormley's fourth plinth in Trafalgar Square

The fourth plinth in Trafalgar Square, London, having stood empty since its completion in 1841, has, since 1999, been host to a succession of artworks.

The latest opened today: the sculptor Antony Gormley is choosing (by random selection from applicants) 2400 members of the public to stand on the plinth for one hour each.

by Sassafras on Mon Jul 6th, 2009 at 12:40:42 PM EST
[ Parent ]
Independent: Top judge: 'use of drones intolerable'

The use of unmanned drones as weapons of war in conflicts around the world has been called into question by one of Britain's most senior judges. Lord Bingham, until last year the senior law lord, said that some weapons were so "cruel as to be beyond the pale of human tolerance".

In an interview with the British Institute of International and Comparative Law, Lord Bingham compared drones, which have killed hundreds of civilians in Afghanistan, Pakistan and Gaza, with cluster bombs and landmines.

His comments are bound to intensify calls for new international rules to protect civilian populations from arbitrary attacks launched by the pilotless craft.

by Sassafras on Mon Jul 6th, 2009 at 12:49:02 PM EST
[ Parent ]
This is just retarded. Who cares if the bombs are dropped by manned or unmanned aircraft?

It's not like the unmanned aircraft aren't piloted, it's just that the pilot isn't in the plane. But maybe this guy wants to ban missiles too? Maybe even bullets?

It's the same silliness about mines and cluster bombs. It's perfectly possible to make cluster bomb submunitions which don't hang around for more than a few hours, and you can put in timers in land mines too. The problems aren't mines and cluster bombs in general, but badly engineered ones.

If he wants to talk about  weapons which are "cruel as to be beyond the pale of human tolerance" I'd recomend him checking out perfectly ordinary artillery shells or standard HMG rounds. But I guess they're not as sexy...

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

by Starvid (arvid.hallen at gmail.com) on Mon Jul 6th, 2009 at 05:59:27 PM EST
[ Parent ]
BBC: Coffee 'may reverse Alzheimer's'

Drinking five cups of coffee a day could reverse memory problems seen in Alzheimer's disease, US scientists say.

The Florida research, carried out on mice, also suggested caffeine hampered the production of the protein plaques which are the hallmark of the disease.

Previous research has also suggested a protective effect from caffeine.

But British experts said the Journal of Alzheimer's disease study did not mean that dementia patients should start using caffeine supplements.

by Sassafras on Mon Jul 6th, 2009 at 01:04:02 PM EST
[ Parent ]
I find this kind of reporting irritating and irresponsible. Bad science I guess.  Drink too much coffee and you can't sleep. Lack of sleep impairs memory and general functioning.  

My dad has dementia and due to other problems he wasn't getting more than an hour or two of sleep each night which compounded the problem. Since he is sleeping better he has made some improvement.  I don't think I'll be rushing to tell him to drink more coffee.

But apparently a curry a day helps stave off dementia, so let's all live on a diet of curry and coffee and the problem is solved.

Ad astra per aspera

by In Wales (inwales aaat eurotrib.com) on Mon Jul 6th, 2009 at 03:50:13 PM EST
[ Parent ]
Drinking five cups of coffee a day

I'll assume this translates to roughly 3 venti French roasts from Starbucks.  I'm good well into my sixth or seventh life.

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

by Drew J Jones (myfriends@thisispancakes.com) on Mon Jul 6th, 2009 at 04:04:01 PM EST
[ Parent ]
My grandmother drank several cups of black coffee everyday, and she ended up with Alzheimer's.  I mean - wish it were true, but I suspect the culprit of this disease is "staying alive for so long your brain starts dying before your body gives out" not  "drinking too little caffeine."

"Pretending that you already know the answer when you don't is not actually very helpful." ~Migeru.
by poemless on Mon Jul 6th, 2009 at 04:18:08 PM EST
[ Parent ]
It probably has got a lot to do with genes too. I've had plent of relatives who became 90+ years old and never showed even a tiny bit of dementia.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid (arvid.hallen at gmail.com) on Mon Jul 6th, 2009 at 06:01:09 PM EST
[ Parent ]
means that some behavior can improve your chances of something happening or not happening, but it's not a certainty.

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Tue Jul 7th, 2009 at 05:44:48 AM EST
[ Parent ]
allAfrica.com: Aid Could Weaken Public Health Systems - Study

Nairobi -- Two studies on donor health funding for regions like East Africa recently reached the same controversial conclusion -- that aid money often does not go to the right countries and diseases, and in some cases serves to weaken public health systems.

The studies, whose findings were published recently in the medical journal Lancet, were among others designed to establish whether health funding was having a significant positive impact on health outcomes in recipient countries.

According to the WHO report there is significant evidence, for example, that donor-supported programmes for such diseases as HIV/Aids and malaria had drawn health workers from public health sectors with better pay and working conditions, thus weakening the very systems they were supposed to support.
by Sassafras on Mon Jul 6th, 2009 at 01:48:30 PM EST
[ Parent ]
DC Comics' superheroes join forces with characters inspired by Allah | World news | The Guardian

They are superheroes battling injustice and fighting evil the Islamic way, and they are teaming up with some of the west's biggest comic book icons. Superman, Batman and Wonder Woman are among those joining forces with The 99, who personify the 99 attributes of Allah, according to Islamic tradition.

What will unfold on the pages of the collaboration between DC Comics in the US and Teshkeel Comics in Kuwait is yet to be seen, but the appearance of The 99 - who already appear in comics in the Muslim world - alongside archetypal American heroes would have been unlikely during the Bush years. DC Comics' president and publisher, Paul Levitz, believes the cross-cultural project is unprecedented.

He said: "It is a long-standing tradition for characters to meet others in the fictional world, and over the years a lot of the superheroes have been translated into Arabic, taking on ethnic elements. But this is a nice step forward. The most difficult creative test is when you are working with the least precedent and when you're trying to reach an audience that has a different cultural bias and different interests."



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Mon Jul 6th, 2009 at 03:56:26 PM EST
[ Parent ]
 PEOPLE AND KLATSCH 

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Jul 6th, 2009 at 11:33:21 AM EST
McNamara dies, career haunted by Vietnam war | Politics | Reuters

WASHINGTON (Reuters) - Former Defense Secretary Robert McNamara died on Monday aged 93. He will be remembered most as the leading architect of America's involvement in the Vietnam War.

"His age just caught up with him," his wife Diana told Reuters. "He was not ill. He died peacefully in his sleep."

McNamara also forged brilliant careers in industry and international finance, but his painful legacy remains Vietnam.

More than anyone else except possibly President Lyndon Johnson, McNamara became to anti-war critics the symbol of a failed policy that left more than 58,000 U.S. troops dead and the nation bogged down in a seemingly endless disaster in Southeast Asia.

Pundits came to call the conflict "McNamara's War."

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Jul 6th, 2009 at 11:44:15 AM EST
[ Parent ]

A great documentary.

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

by Starvid (arvid.hallen at gmail.com) on Mon Jul 6th, 2009 at 06:10:33 PM EST
[ Parent ]
And with "great", I really mean fantastically excellent. See it!

(Available at TPB).

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

by Starvid (arvid.hallen at gmail.com) on Mon Jul 6th, 2009 at 06:13:11 PM EST
[ Parent ]


Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid (arvid.hallen at gmail.com) on Tue Jul 7th, 2009 at 01:06:59 AM EST
[ Parent ]
Al Arabiya: In Beirut, Condoleeza Rice is a snake

Snakes and the number 13 are not usually considered good luck charms, but Condi and her 12 serpent siblings have brought happiness to a couple in Lebanon.

Pierre Rizk and his Sri Lankan wife Sapna have no children but are living happily with their 13 snakes in a two-room apartment east of Beirut.

The Rizks form a multicultural family -- their pets hail from India, Thailand, Sri Lanka and Arizona -- and have named one of their snakes 'Condoleezza' in a tribute to former U.S. Secretary of State Condoleezza Rice.

"I really admire her for her leadership," Rizk told AFP in his small home, a yellow python slithering around his neck and chest.

"She has so much intelligence, responsibility, and energy -- just like the energy of snakes," he added.

by Sassafras on Mon Jul 6th, 2009 at 01:44:15 PM EST
[ Parent ]
Reuters: Would you pledge your soul as loan collateral?

RIGA (Reuters) - Ready to give your soul for a loan in these difficult economic times? In Latvia, where the crisis has raged more than in the rest of the European Union, you can.

Such a deal is being offered by the Kontora loan company, whose public face is Viktor Mirosiichenko, 34.

Clients have to sign a contract, with the words "Agreement" in bold letters at the top. The client agrees to the collateral, "that is, my immortal soul."

Mirosiichenko said his company would not employ debt collectors to get its money back if people refused to repay, and promised no physical violence. Signatories only have to give their first name and do not show any documents.

"If they don't give it back, what can you do? They won't have a soul, that's all," he told Reuters in a basement office, with one desk, a computer and three chairs.

by Sassafras on Mon Jul 6th, 2009 at 02:33:31 PM EST
[ Parent ]
Is he the Devil?

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 Jul 6th, 2009 at 02:34:58 PM EST
[ Parent ]
That is awesome.

"Pretending that you already know the answer when you don't is not actually very helpful." ~Migeru.
by poemless on Mon Jul 6th, 2009 at 04:22:06 PM EST
[ Parent ]
In spite of being an atheist since age 8, this sends shivers down my spine.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid (arvid.hallen at gmail.com) on Mon Jul 6th, 2009 at 06:24:03 PM EST
[ Parent ]
perhaps it's because you're an atheist that it sends shivers down your spine?

:)

i think it's the russian sense of droll. the religions have been doing the same scam since god was young.

next we'll have lucifer offering loans for solar panels on yer roof...

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

by melo (melometa4(at)gmail.com) on Mon Jul 6th, 2009 at 06:36:00 PM EST
[ Parent ]
I thought they were Latvians.

"Pretending that you already know the answer when you don't is not actually very helpful." ~Migeru.
by poemless on Mon Jul 6th, 2009 at 06:40:23 PM EST
[ Parent ]
These things are easy to get around. From Nestroy's Höllenangst.
PFRIM. Nix leichter, als das. Auf Zehn Jahr' schließt er
meistens seine Contract', da machen wir das Ding so.
Neun Jahr leben wir recht flott und fidel und in Zehnten
Jahr geh'n wir auf Rom, nacher is der Teufel erst noch
der G'foppte.
Rough paraphrase: these contracts are usually for 10 years. We have fun for the first nine, then on the tenth we go on a pilgrimage to Rome and fool the Devil.
by gk (g k quattro due due sette "at" gmail.com) on Mon Jul 6th, 2009 at 06:35:44 PM EST
[ Parent ]
Isn't the usual get-out that the soul belongs to god and therefore can't be sold?

But I suppose it could be borrowed indefinitely.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Tue Jul 7th, 2009 at 04:25:57 AM EST
[ Parent ]


Display:
Go to: [ European Tribune Homepage : Top of page : Top of comments ]