European Salon de News, Discussion et Klatsch - 14 September

by Fran
Sun Sep 13th, 2009 at 03:21:19 PM EST

 A Daily Review Of International Online Media 


Europeans on this date in history:

1580 – Birth of Francisco de Quevedo, a Spanish a nobleman, politician and writer of the Spanish Golden Age. Along with his lifelong rival, Luis de Góngora, Quevedo was one of the most prominent Spanish poets of the age. (d. 1645)

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!


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by In Wales (inwales aaat eurotrib.com) on Sun Sep 13th, 2009 at 12:56:06 PM EST
Labour set to target middle class benefits | Politics | The Observer

The middle classes could have to bear the brunt of cutting the national debt amid growing debate in the Labour party over whether universal benefits, including the pensioners' winter fuel payments and child benefit, can be sustained.

The admission by the chancellor, Alistair Darling, that public spending will reduce under a Labour administration has opened new questions over a group of benefits that are not means tested.

A senior cabinet aide said measures whereby top earners lose out in order to benefit the poor were proving popular and might even be needed to shore up Labour's core vote, overriding past concerns over upsetting home counties voters: "Distributional politics are working well for us at the moment - how popular is the 50% tax? It's off the charts, while [Tory proposals on] inheritance tax just hammers home who they are for."



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by In Wales (inwales aaat eurotrib.com) on Sun Sep 13th, 2009 at 01:44:32 PM EST
[ Parent ]
Threat from dissident republican terror severe, says Northern Ireland chief constable | UK news | guardian.co.uk

The acting chief constable of Northern Ireland today described the dissident republican terror threat as "severe".

Judith Gillespie said the threat to her officers remained high following two attempts by the Real IRA to kill a Police Service of Northern Ireland (PSNI) officer in Derry last week.

Speaking in Belfast, Gillespie said: "We don't say that lightly - it is a severe threat to police officers.

"If you look, for example, at what happened in Derry in the last couple of days, when a police officer from the area serving the community [and] their family was targeted, [it] was absolutely disgraceful."

Gillespie also said the public in South Armagh - a long-time stronghold of hardline republicanism - had helped the PSNI find a 600lb bomb last week.



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by In Wales (inwales aaat eurotrib.com) on Sun Sep 13th, 2009 at 01:45:29 PM EST
[ Parent ]
Far-right supporters confront pro-Palestinian protesters | World news | guardian.co.uk

Far-right supporters of the English Defence League were today involved in a standoff with pro-Palestinian demonstrators in central London.

There were several brief confrontations as EDL activists chanted "We hate Muslims" and "Muslim bombers off our streets".

Hundreds of police officers kept the two sides apart as the march made its way to the Mall. Scotland Yard said there were no arrests.

Around 30 police officers in fluorescent yellow jackets walked ahead of the procession as it snaked along Park Lane.

Meanwhile, a long line of officers accompanied the crowd, which filled two lanes of the road. Cars queued, with traffic limited to one lane.

Pro-Palestinian protesters held up banners with slogans including 'Justice for the murdered children of Gaza', 'We are all Palestinians', 'Boycott Israel' and 'Judaism rejects the Zionist state'.



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by In Wales (inwales aaat eurotrib.com) on Sun Sep 13th, 2009 at 01:47:01 PM EST
[ Parent ]
Global News Blog » Blog Archive » German election TV debate: Live | Blogs |
7:00 p.m. - Steinmeier arrives to the studio first, accompanied by his wife -- a Berlin judge. The pressure is clearly on the challenger but he flashes a wide, confident grin to the waiting photographers. "With the SPD trailing Merkel's conservatives in the polls by 11-14 points, the onus is on Steinmeier to land a punch on Merkel and win over undecided voters," my colleague Madeline Chambers wrote in her afternoon update story. "Analysts say up to 40 percent have still to make up their mind." Steinmeier is wearing a bright red tie -- matching the colour of his centre-left Social Democrats. There will be a lot of speculation about Merkel's outfit -- but one thing is certain: her husband won't be with her. He's watching at home.


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by In Wales (inwales aaat eurotrib.com) on Sun Sep 13th, 2009 at 02:50:05 PM EST
[ Parent ]
Millions Of German Television Viewers Expected To Tune In To Debate Between Politicians | World News | Sky News
Millions of German voters are set to watch a live TV 'duel' between Chancellor Angela Merkel and her main opposition, just two weeks before federal elections.

Mr Steinmeier will take on Chancellor Merkel

The 90-minute sparring session - which will include a grilling from four journalists - has again raised the question of whether a similar presidential-style debate should take place in the UK.

Sky News is campaigning for a live television debate as part of the next General Election, the first of its kind in Britain.

Peter Kloeppel, one of the four gearing up for the duel, said the UK would be missing a trick by not having a similar live face-off weeks before polling day.



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by In Wales (inwales aaat eurotrib.com) on Sun Sep 13th, 2009 at 02:59:26 PM EST
[ Parent ]
TUC leader warns of 'mass unemployment' - UK Politics, UK - The Independent

Cutting public spending would provoke a "double dip" recession, raise unemployment to more than four million and spark the threat of industrial action by millions of workers, union leaders warned today.

One senior official also reminded politicians that the last time the UK suffered "slash and burn" economics, there were riots on the streets.

A return of mass unemployment would have "terrible" social effects and could lead to Britain being "broken", said TUC general secretary Brendan Barber.



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by In Wales (inwales aaat eurotrib.com) on Sun Sep 13th, 2009 at 02:54:18 PM EST
[ Parent ]
Brown to claim recession over as union boss warns of poll disaster - UK Politics, UK - The Independent

Gordon Brown will declare this week that Britain is emerging from recession and that the economy is on the "road towards recovery".

The Prime Minister will deliver this extraordinarily upbeat assessment in a speech to union leaders exactly one year on from the collapse of Lehman Brothers, the catalyst for the worldwide financial crisis.

It comes as Mr Brown faces a fresh challenge to his authority from the leader of Britain's biggest union, who today warns the premier that he must "move aside" Peter Mandelson and David Miliband or face "slaughter" at the general election.



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by In Wales (inwales aaat eurotrib.com) on Sun Sep 13th, 2009 at 02:58:30 PM EST
[ Parent ]
Derek Simpson: With friends like these, Gordon Brown has no need of enemies - News, People - The Independent

Centre-stage in Derek Simpson's grand suite of offices in Covent Garden, central London, within earshot of the Royal Opera House, is a giant horseshoe-shaped table where the Unite boss holds court. It is identical to the one in Gordon Brown's "war room" at 12 Downing Street, where, in June, the Prime Minister and Peter Mandelson battled through the night to stave off the attempted coup led by James Purnell.

Charlie Whelan, Mr Brown's notorious former spin-doctor, now Unite's political director, has a seat at both horseshoes. It is said, in fact, that through Whelan's controlling influence, the leadership of Unite has become little more than an outpost of No 10, with messages passed to Simpson about what Brown wants.

But is this about to come to an end? Is Simpson, a long-term supporter of the Prime Minister, about to pull the plug on Brown to save the Labour Party? Does Britain's biggest union have that power?



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by In Wales (inwales aaat eurotrib.com) on Sun Sep 13th, 2009 at 03:04:11 PM EST
[ Parent ]
Product placement to be allowed on British television - TV & Radio, Media - The Independent

ITV welcomed the news that product placement is to be allowed on British television programmes for the first time.

Ministers hope lifting the ban will throw a lifeline to struggling independent broadcasters such as ITV by opening new multi-million pound revenue streams. Related articles

The move - which is likely to prove highly controversial and could be announced as early as this week - represents a major U-turn.

But the Government is understood to believe that the "climate has changed", and placement should now be allowed "in certain circumstances".

The shift in the rules will only apply to commercial broadcasters, with the BBC still prevented from promoting products, even when programmes are made by independent production companies.

An ITV spokesman welcomed the move. He said: "If the Government does decide to permit product placement, it will be warmly welcomed by the commercial broadcasting industry and advertisers alike.

"ITV plc has led the campaign for product placement in the UK, which could be an important new revenue stream - as it already is in Europe.



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by In Wales (inwales aaat eurotrib.com) on Sun Sep 13th, 2009 at 02:55:04 PM EST
[ Parent ]
Media Coach Weighs Contenders: 'Merkel Has Edge Over Steinmeier in Upcoming TV Debate' - SPIEGEL ONLINE - News - International

Chancellor Angela Merkel and her challenger Frank-Walter Steinmeier aren't the most confident or inspiring public speakers, so their encounter on Sunday in the only TV debate of the election campaign should be intriguing. Media coach Richard Schütze has some free advice for them.

German Chancellor Angela Merkel of the conservative Christian Democrats and her center-left Social Democrat challenger, Foreign Minister Frank-Walter Steinmeier, will square off against each other on Sunday evening in the only televised debate between the two during the election campaign. It will be broadcast by four networks, and some 20 million Germans are expected to tune in. Political pundits are hoping the encounter will breathe life into what has been a spectacularly dull campaign so far.

In an interview with SPIEGEL ONLINE, Richard Schütze, who has spent decades teaching politicians and business people how to get their message across with the right mix of rhetoric and body language, outlines his expectations for the debate and has some helpful tips for the two contenders.

He also gives his assessment of the strengths and weaknesses of Merkel, Steinmeier, and opposition leader Guido Westerwelle, the leader of the pro-business Free Democrat Party who may well end up as German foreign minister after the Sept. 27 election.

by Fran (fran at eurotrib dot com) on Sun Sep 13th, 2009 at 04:03:45 PM EST
[ Parent ]
Merkel to face rival Steinmeier in German election TV debate | Election | Deutsche Welle | 13.09.2009
Chancellor Merkel squares off with rival Steinmeier in a TV debate Sunday seen as a last chance for him to boost support for his Social Democratic party and close the large gap on the popular German leader. 

With just two weeks to go before the elections, Frank-Walter Steinmeier needs to do something dramatic to boost his Social  Democratic Party's (SDP) chances of getting more than the 23 percent of the vote that pollsters are predicting.

 

Steinmeier is the chancellor candidate for the Social Democratic Union (SPD) for the national election on September 27, as well as foreign minister. His SPD currently rules with Chancellor Angela Merkel's conservatives in an uneasy "grand coalition."

 

With organizers hoping that at least 21 million people will tune in at 8:30 pm German time on Sunday, the 90-minute TV debate could prove Steinmeier's last opportunity to turn around his party's fortunes.

 

"The TV debate is Steinmeier's big chance because he will reach millions of people," political scientist Karl-Rudolf Korte told Bild am Sonntag newspaper.

by Fran (fran at eurotrib dot com) on Sun Sep 13th, 2009 at 04:04:42 PM EST
[ Parent ]
SPIEGEL Interview With FDP Leader Westerwelle: 'I Consider a Coalition With the SPD and Greens Out of the Question' - SPIEGEL ONLINE - News - International

The chairman of the pro-business Free Democrat Party (FDP), Guido Westerwelle, talks to SPIEGEL about his desire to form a government with Chancellor Angela Merkel's conservatives after the September 27 federal election, and his plan to revamp banking supervision, protect civil liberties and make it easier for firms to dismiss employees.

SPIEGEL: Mr. Westerwelle, Chancellor Angela Merkel's ruling Christian Democratic Union (CDU) party is open to many things. It could enter into another grand coalition with the center-left Social Democratic Party (SPD), or it could also rule with the Greens. But you have pledged a coalition with the CDU and its Bavarian sister party, the Christian Social Union (CSU). Isn't that a bit risky?

Westerwelle: People are angry about how noncommittal the CDU is being. Chancellor Merkel and CSU leader Horst Seehofer should once and for all close the back door they're holding open to a grand coalition or ruling with the Greens. Germany must prevent another grand coalition and mustn't allow a government led by left-wing parties. This is why we are fighting for a conservative government. It's not risky; it's responsible.

by Fran (fran at eurotrib dot com) on Sun Sep 13th, 2009 at 04:05:10 PM EST
[ Parent ]
Sorry Fran, I should have put in the elections banner for these but was making lasagne and muffins at the same time.

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by In Wales (inwales aaat eurotrib.com) on Sun Sep 13th, 2009 at 04:19:50 PM EST
[ Parent ]
And sorry, just saw now that you already posted on this topic. :-)
by Fran (fran at eurotrib dot com) on Sun Sep 13th, 2009 at 04:20:51 PM EST
[ Parent ]
Different sources!!

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by In Wales (inwales aaat eurotrib.com) on Sun Sep 13th, 2009 at 04:42:02 PM EST
[ Parent ]
France 24 | Merkel and Steinmeier offer tepid TV debate ahead of poll | France 24
Chancellor Angela Merkel and rival Frank-Walter Steinmeier engaged in a polite debate on German television Sunday, exchanging views on minimum wage and nuclear energy, ahead of September 27 elections. Merkel leads comfortably in polls.

AFP - German Chancellor Angela Merkel and her rival, Frank-Walter Steinmeier, sparred Sunday on minimum wages and nuclear power in an otherwise tepid TV debate before elections in two weeks' time.
   
The conservative Merkel and Steinmeier, her vice-chancellor and the Social Democrats' candidate, also tried to claim credit for the recent state-brokered rescue of automaker Opel and a drop in joblessness in the last four years.
   
Merkel said she had presided over an economic boom until the crisis hit hard last year and that she could return the country to prosperity if she could link up with her partner of choice, the pro-business Free Democrats.

by Fran (fran at eurotrib dot com) on Sun Sep 13th, 2009 at 05:06:42 PM EST
[ Parent ]
Dominique de Villepin faces French 'trial of the century' as he denies smear campaign - Telegraph
Dominique de Villepin, France's former prime minister, will soon go on trial for his part in an alleged plot to tarnish the name of his political rival, Nicolas Sarkozy.

The First Chamber of the Palais de Justice law courts in Paris has claimed many a political head including, most famously, that of Marie Antoinette.

In a few days' time the state prosecutor will be seeking the scalp of another aristocrat: the former Prime Minister Dominique de Villepin, in what has been described as France's "trial of the century".

by Fran (fran at eurotrib dot com) on Sun Sep 13th, 2009 at 04:24:04 PM EST
[ Parent ]
Norway's election race enters final stages - Elections : news, world | euronews

Final campaigning is underway in Norway's looming general election.

Norway's so called Iron Lady, Siv Jensen joined the Scandinavian country's other main party leaders in a live TV debate yesterday.

Modelling herself on former British prime minister Margaret Thatcher, Jensen has vowed to overhaul Norway's welfare state and apply a free-market system.

She may get her opportunity. Polls show her right-wing Progress Party and its potential coalition partners are locked in a tight race with current Prime Minister Jens Stoltenberg's left-leaning Labour party.

by Fran (fran at eurotrib dot com) on Sun Sep 13th, 2009 at 04:41:51 PM EST
[ Parent ]
Election:Norway | International Knowledge Network of Women in Politics (iKNOW Politics)

Parliamentary elections will be held in Norway on 14 September 2009. The Storting, or Parliament, is Norway's democratically elected national assembly. 169 representatives are elected for a four-year period of office. Their duty is to represent the population of all 19 constituencies, corresponding to the 19 counties of Norway. The most important activities of the Parliament are to pass laws, set the state budget and conduct the work of government.

Candidates will be elected on party lists in each of the 19 counties listed above, including the municipal authority of Oslo which is a county of its own. The number of members to be returned from each constituency varies from three to sixteen, and depends on the population and area of the county.

Any party that wins more than 4% of votes nationwide but does not win enough votes in any constituency to earn a seat is eligible for compensatory "levelling" seats. To read further about the election system in norway, please visit ACE: The Electoral Knowledge Network.

by Fran (fran at eurotrib dot com) on Sun Sep 13th, 2009 at 04:42:15 PM EST
[ Parent ]
Norway holds parliamentary elections | Radio Netherlands Worldwide
Norway is holding parliamentary elections today and Monday. Parliamentary elections are held on Monday in Norway, but some municipalities will allow voters to cast their ballots today. About 3.5 million voters are eligible to cast their ballots for the 169-seat parliament.
 
Opinion polls suggest the election will be a neck-and-neck race between Prime Minister Jens Stolberg's centre-left government and the centre-right opposition.
 
The main themes in the election are the opening up of Arctic regions for oil exploration, social security and unemployment.
by Fran (fran at eurotrib dot com) on Sun Sep 13th, 2009 at 04:42:31 PM EST
[ Parent ]
El desconcierto se extiende en el PSOE · ELPAÍS.comPerplexity spreads in [Spain's ruling] PSOE - ElPaís.com
"No hay confrontación, ni fractura en el PSOE, porque estar en el Gobierno apacigua mucho. Te pueden llamar por teléfono y ofrecerte una secretaría de Estado o un ministerio. Pero sí se habla entre nosotros del desasosiego que produce ver la improvisación y las dudas ante la crisis". La frase de un dirigente del PSOE, pronunciada la pasada semana, resume la situación de desconcierto y desánimo que se vive en el partido, entre la inquietud por los mensajes a veces contradictorios que emite el Gobierno frente a la crisis y los temores por el desgaste que puede provocar la anunciada subida de impuestos. Sobre todo porque no se han concretado aún las líneas de la reforma fiscal, lo que deja un flanco abierto al PP, según admite la cúpula del PSOE."There is no confrontation or fracture in the PSOE, because being in government appeases. They can call you up and offer you a Ministry or a Secretary of State position. But there is talk among us about the unease produced by seeing improvisation and hesitation facing the crisis". The sentence by a PSOE cadre, spoken last week, summarises the situation of perplexity and demoralization that the party lives, between the unease because of the sometime contradictory messages issued by the Government facing the crisis and the fear of the attrition that the announced tax raise may cause. Above all, because the outlines of fiscal reform aren't concrete yet, which leaves an open flank to the PP, as the PSOE leaderwhip admits.
"Zapatero toma cada vez más decisiones en clave absolutamente personal. Antes consultaba algo, ahora casi nada", explica un dirigente, que recuerda que, en la última etapa, el presidente ha configurado equipos que se caracterizan más por su supuesta "chispa" que por su probada experiencia. "Se opta por la táctica en lugar de la estrategia. Esto cada vez va a más, la crisis obliga a tomar decisiones más aventuradas y, por tanto, se produce improvisación. Antes había gente mínimamente critica, ahora nadie le dice no"."Zapatero takes more and more decisions in an absolutely personal way. Before he did some consultation, but now almost none", explains a [party] leader who recalls that, in the latter period the president has made teams characterised more by their alleged "sparkle" than by their proven experience. "Tactics is being chosen in preference to strategy. This is snowballing, the crisis forces ever more adventurous decisions and, therefore, improvisation ensues. Before there were minimally critical people, now nobody tells him no".
Esta situación interna ha coincidido con la imagen de huida de los ex ministros que dejan la política (tras la salida de Jordi Sevilla y Cesar Antonio Molina, el partido cree irremediables las de Pedro Solbes, Mercedes Cabrera, Bernat Soria y Mariano Fernández Bermejo). Es lo que el catedrático, ex presidente del Congreso y ponente constitucional Gregorio Peces-Barba apuntó hace dos semanas en un artículo en este diario: "En la preferencia del presidente del Gobierno de la juventud sobre la experiencia, está quizás el error más de fondo que ha podido propiciar estos lodos. Exilios externos como los de Jáuregui o López Aguilar, o internos como el de Jesús Quijano o Caldera, tienen sin duda mucho que ver con la bisoñez con la que se toman algunas decisiones".This internal situation has coindided with the appearance of flight by former ministers leaving politics (after the departure of Jordi Sevilla and César Antonio Molina), the party believes unavoidable that Pedro Solbes, Mercedes Cabrera, Bernat Soria and Mariano Fernándex Bermejo will leave). This is what the University Chair, former president of the Congress and coauthor of the Constitution Gregorio Peces-Barba pointed out two weeks ago in an op-ed in this newspaper: "In the PM's preference for youth over experience may lie the more fundamental error that has enabled the current muddle. External exile such as those of Jáuregui and López Aguilar, or internal as those of Jesús Quijano or Caldera, have without doubt much to do with the inexperience with which many decisions are being taken".

The reference to "external exile" is, of course, to sending people to the European Parliament.

Former finance minister Pedro Solbes has, indeed, resigned his parliament seat today. He had been an independent since 1993 (despite being minister in 1993-6 and 2004-9 and EU Commissioner in 1999-2004) and only joined the PSOE for the 2008 elections where he was #2 on the Madrid list behind Zapatero and did his part by trashing the PP's #2 in an electoral debate on the economy.

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

by Migeru (migeru at eurotrib dot com) on Mon Sep 14th, 2009 at 09:45:59 AM EST
[ Parent ]
 ECONOMY & FINANCE 



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by In Wales (inwales aaat eurotrib.com) on Sun Sep 13th, 2009 at 12:56:28 PM EST
Brown to say Britain on road to recovery | Top News | Reuters

LONDON (Reuters) - Britain's prime minister, Gordon Brown, is expected to tell union members next week that the country's economy was on the "road towards recovery," according to extracts of his speech released on Sunday.

Brown is due to tell the Trades Union Congress in Liverpool on Tuesday the recovery must not be put at risk with public spending cuts.

"Today we are on a road towards recovery -- but things are still fragile not automatic and the recovery needs to be nurtured," he was due to say.

Recent bright economic data, including an increase in house prices and consumer confidence, and the FTSE-100 index of leading shares climbing above 5,000 for the first time in 11 months, have raised hopes Britain is emerging from recession.



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by In Wales (inwales aaat eurotrib.com) on Sun Sep 13th, 2009 at 02:48:09 PM EST
[ Parent ]
Bank's code of omertà broken - Telegraph

It was, until a few days ago, one of the big unanswered questions of the economic crisis.

Last November, the Bank of England cut interest rates by the biggest amount since it was granted independence in 1977, reducing them by 1.5 percentage points in one fell swoop. The decision triggered chaos in the City. It sent the pound lurching lower, caused economists to tear up their forecasts and suddenly made the prospect of near-zero interest rates a close reality. But how on earth did the Bank engineer such a dramatic monetary policy move?



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by In Wales (inwales aaat eurotrib.com) on Sun Sep 13th, 2009 at 03:01:40 PM EST
[ Parent ]
America's Socialism-for-the-Stay-Rich-Scheme - Joseph E. Stiglitz - NEW EUROPE
With all the talk of "green shoots" of economic recovery, America's banks are pushing back on efforts to regulate them. While politicians talk about their commitment to regulatory reform to prevent a recurrence of the crisis, this is one area where the devil really is in the details - and the banks will muster what muscle they have left to ensure that they have ample room to continue as they have in the past.
The old system worked well for the bankers (if not for their shareholders,) so why should they embrace change? Indeed, the efforts to rescue them devoted so little thought to the kind of post-crisis financial system we want that we will end up with a banking system that is less competitive, with the large banks that were too big to fail even larger.
...
The Obama administration has, however, introduced a new concept: too big to be financially restructured. The administration argues that all hell would break loose if we tried to play by the usual rules with these big banks. Markets would panic. So, not only can't we touch the bondholders, we can't even touch the shareholders - even if most of the shares' existing value merely reflects a bet on a government bailout. I think this judgment is wrong. I think the Obama Administration has succumbed to political pressure and scare-mongering by the big banks. As a result, the administration has confused bailing out the bankers and their shareholders with bailing out the banks.
...
Rewriting the rules of the market economy - in a way that has benefited those that have caused so much pain to the entire global economy - is worse than financially costly. Most Americans view it as grossly unjust, especially after they saw the banks divert the billions intended to enable them to revive lending to payments of outsized bonuses and dividends. Tearing up the social contract is something that should not be done lightly.
But this new form of ersatz capitalism, in which losses are socialised and profits privatised, is doomed to failure. Incentives are distorted. There is no market discipline. The too-big-to-be-restructured banks know that they can gamble with impunity - and, with the Federal Reserve making funds available at near-zero interest rates, there are ample funds to do so.
...
We need to break up the too-big-to-fail banks; there is no evidence that these behemoths deliver societal benefits that are commensurate with the costs they have imposed on others. And, if we don't break them up, then we have to severely limit what they do. They can't be allowed to do what they did in the past - gamble at others' expenses. This raises another problem with America's too-big-to-fail, too-big-to-be-restructured banks: they are too politically powerful. Their lobbying efforts worked well, first to deregulate, and then to have taxpayers pay for the cleanup. Their hope is that it will work once again to keep them free to do as they please, regardless of the risks for taxpayers and the economy. We cannot afford to let that happen.


"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Sun Sep 13th, 2009 at 04:54:49 PM EST
[ Parent ]
Still in slump, Spain explores solutions to economic crisis | Business | Deutsche Welle | 13.09.2009
With a public deficit nudging 10 percent of GDP, Spain's government is testing the waters on a series of recovery measures - from improved social protection to green stimulus. 

This week saw workers across Spain protest at layoffs from the factories of bathroom manufacturer Roca. 'What next?' read the banners of the angry demonstrators. It's a question most Spaniards are asking as the country continues to wallow in recession.

For while France and Germany have staged quick recoveries, Spain is lagging behind. Spanish daily El Pais reported this summer that the Spanish GDP would shrink 4.2 percent this year, while the Central European Bank has predicted that it will be mid-2010 before the country starts to register growth.

by Fran (fran at eurotrib dot com) on Sun Sep 13th, 2009 at 05:01:12 PM EST
[ Parent ]
Economic Donkeys   Simon Johnson and Peter Boone  Baseline Scenario

The authors discuss the massive squandering of British soldiers' lives at the beginning of trench warfare in WW I and cite German generals: "The English soldiers fight like lions," one German general remarked. "True.  But don't we know that they are lions led by donkeys?" was the reply.

The pre-crisis activities and portfolios of Barclays, Goldman Sachs, and other "survivors" of this crisis were only slightly different from Lehman Brothers or Bear Stearns, which failed.  The "good" banks also securitized subprime assets, helped build the intricate web of IOUs between banks and insurance companies, and leveraged their balance sheets to enormous levels.  The winners were not better, they were just smart enough to make sure someone else held the bad assets when the music stopped, and they were powerful enough to win generous bailout packages from their governments.

The danger we face is that, by bailing out these institutions and rewarding failed managers with new powerful positions, we have now created a much more dangerous financial system.  The politically well-connected, knowing they will most likely do fine in the next crisis, is now highly incentivized to take even greater risk.  Once we admit this profound problem in our system, we can begin to think of the radical measures needed to solve it.  There is no doubt these solutions will include much greater capital requirements, so that bank shareholders know that they face substantial losses if their ventures fail.

But, we also need to ensure that our regulators are not captured by the banks that they are meant to oversee.  This means we need to put checks on financial donations to political parties, and we need to buttress our regulators with more intellectual firepower and financial resources, along with rules that ensure independence, in order to be sure they can act in the interests of the broader population.  We also need to close the revolving door, through which politicians and regulators leave office to earn their nest eggs in finance, and "financial experts" move directly from failing banks to designing bailout packages.  The conflicts of interest are abundant and most dangerous.

Last week the UK's chief financial regulator, Adair Turner, faced heavy criticism from the City, Chancellor Darling, Boris Johnson, and editorials in the Financial Times and Wall Street Journal.  His main offense was daring to raise the issue of whether parts of our financial system have become socially dysfunctional, in an interview with Prospect Magazine.  He called for greater capital requirements at banks, and he pondered how it would be possible for regulators to preserve the valuable parts of our financial system, while ensuring that regulation limited the harmful parts.  These are eminently sensible questions which anyone with a public spirit should understand are critical policy issues today.  Sadly, these public rebukes to Lord Turner are a further indication that very few of our leaders are prepared to even discuss the real problem, let alone seek a sufficient solution.  Smart people and well-organized governments can, as in the past, behave like donkeys.

I could cite Sinclair Lewis' dictum about what men cannot understand and under which circumstances, and that is undoubtedly part of the problem.  But another part of the problem is that the capitalist system is built around and measures relative position and power in terms of the differential returns to dominant organizations and the corresponding rewards to their leaders.  Through the capture of government by these organizations policy has come to allow and encourage maximum risk taking.  

Even at this late date most of those within the system cannot accept that this process has brought society to a breaking point by making the top corporations so differentially profitable and so risk tolerant that they are strangling the entire economy during good times and bankrupting society with bad debt when things go bad.  Understanding and accepting that development is a prerequisite for any real, effective change to the system.

Capitalism and the return on capital is the organizing principle of our economy and society, especially in the Anglo world.  I do not believe that society can be successfully managed for the long term around that one value, but, as things stand, all others of our values together will not tip the balance against return on investment.  Every thing that makes life a worthwhile human endeavor, including our families, our children and the very conditions necessary to the long term survival of our ecosystem are mere externalities to the inhuman demands for perpetually increasing return on capital from our current system.  If we cannot do better than this, we do not deserve to survive.  

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 Sun Sep 13th, 2009 at 11:05:00 PM EST
[ Parent ]
ARGeezer:
I do not believe that society can be successfully managed for the long term around that one value, but, as things stand, all others of our values together will not tip the balance against return on investment.  Every thing that makes life a worthwhile human endeavor, including our families, our children and the very conditions necessary to the long term survival of our ecosystem are mere externalities to the inhuman demands for perpetually increasing return on capital from our current system.  If we cannot do better than this, we do not deserve to survive.  

that's heavy, man!

um, philosophically profound, i mean.

we are all 'externalities' because we have confused the symbol of money for the reality of happiness, because in this shiny oil-driven world we can play with the most sophisticated of toys, and they are all available if you have money, the more the merrier.

so we iconised money, and the successful hunt for it became the acme of human cunning. no matter the consequences, the thrill of the chase maddened us and made us bend our concepts of value so to fit in the money-defined one.

it's so easy, so convenient, so fungible! the wonderful idea of inventing it has morphed into something out of stephen king, gobbling all in its path with a mono-maniacal, gleeful inconsideration of side-effects, collateral damage, cost of doing business.

people and power don't usually mix that well, and when too much power is concentrated in the hands of too few people, that will always be a correction eventually, as wealth, like water, seeks to be level, and it takes a fiendish amount of concentrated gamesmanship to make it flow up hill like it's done and doing.

so this tool of finance called capitalism was co-opted and robbed of whatever noble intentions it accrued from the beginning, when its value for successful social engineering was understood, respecting both profit and people, thus becoming a consummate tool with which to gouge fortunes out of the marrow of trust, stoked by the ignorant, fed by the credulous.

the art of connivery written larger than any time in history, with hundreds of trillions of dollars of debts still hidden from the public!

because money is the most magical invention ever, in terms of its mutability and octane power to make things change, inspire obedience, 'command economy' indeed...

frankensteinian phrases like 'financial pain' show us linguistically how we have identified with the power of money so much it has become like the tissue of our own flesh, we have given it so much unconditional power over our world, understandably, as it still has no peer in terms of concentrated energy, the promise maintained in those little bits of paper, or bytes on some drive network. let's notice also the absence of the phrase 'financial pleasure', because addiction isn't about pleasure, it's about pain, and the masochistic clinging to it that is part of being human, until we let it go, so hunger for money, as the greeks so graphically warned us in their myths, can drive men mad, the maddest of madnesses, where the sufferer is convinced of being sane.

with a mammon so tenacious, resilient and totally amoral, it will have to take a shattering fall to disabuse whole societies who have become addicted to substituting its vaunted power for something less symbolic, and more real. arguments, no matter how cogent or apparently rational, are just grist for its leviathan mill.

like maybe... happiness?

could that be the upstart notion to dethrone a crusted, corrupt defamation of a worldview gone berserk, run amok, gone....bush, dry drunk with vainglory and rushing on desire?

the nastier nutters have emerged and grabbed the wheel, it's going to take a hella conscious intervention from us passengers to get us back up onto the shoulder.

and what that is? i wonder, while doing the chores, the question rattling around my brain like a roulette ball about to finally fall into its slot.

and meanwhile we're racing our shadow in the oncoming lane with only the foglights on, daily dodging the devil.

oh well... i guess the promised rose garden is right around the next bend, can't be that far now, surely?

/ramble off

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

by melo (melometa4(at)gmail.com) on Mon Sep 14th, 2009 at 02:17:29 PM EST
[ Parent ]
Must watch TV: J.P. Morgan's $87 Trillion derivatives book, gold, the US Fed, Treasury and Barrick's gold future buy back; the Beijing put on gold, Chinese Govt. repudiation of J.P.Morgans "fraudulent" derivative contracts, etc.


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 Sep 14th, 2009 at 01:04:16 AM EST
[ Parent ]
good one ARG, thanks!

you're right, must-see tv.

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

by melo (melometa4(at)gmail.com) on Mon Sep 14th, 2009 at 01:30:14 AM EST
[ Parent ]
FT.com / Comment / Opinion - Towards a better measure of well-being
A political leader attempting to promote the well-being of his citizens is pulled in different directions: he will be graded on economic performance but there are many other dimensions to the quality of life, including the state of the environment. While there is no single indicator that can capture something as complex as our society, the metrics commonly used, such as gross domestic product, suggest a trade-off: one can improve the environment only by sacrificing growth. But if we had a comprehensive measure of well-being, perhaps we would see this as a false choice. Such a metric might indicate an increase in wellbeing as the environment improved, even if conventionally measured output went down.

This was one of several motivations for Nicolas Sarkozy, president of France, when he established the International Commission on the Measurement of Economic Performance and Social Progress, which I chaired and for which Amartya Sen served as adviser and Professor Jean-Paul Fitoussi of the Institut d'Etudes Politiques served as co-ordinator, and whose final report is issued on Monday.
...
What we measure affects what we do. If we have the wrong metrics, we will strive for the wrong things. In the quest to increase GDP, we may end up with a society in which most citizens have become worse off. We care, moreover, not just for how well off we are today but how well off we will be in the future. If we are borrowing unsustainably from this future, we should want to know.

Flawed statistics may also lead us to make incorrect inferences. In the years preceding the crisis, many in Europe, focusing on America's higher rates of GDP growth, were drawn to the US model. Had they focused on metrics such as median income - providing a better picture of what is happening to most Americans - or made corrections for the increased indebtedness of households and the country as a whole, their enthusiasm might have been more muted.

No good accountant would ignore the depreciation of a company's capital, but the standard GDP measure not only does that but also takes no account of resource depletion and environmental degradation. Our increased awareness of the scarcity value of environmental resources makes this lacuna especially troubling.

The Commission will present its report to the president Sarkozy today. The report will be available on the Commission's site

"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char

by Melanchthon on Mon Sep 14th, 2009 at 04:01:23 AM EST
[ Parent ]
We Can't Break Up the Giant Banks, Can We? Yes We Can! - naked capitalism
Top economists and financial experts believe that the economy cannot recover unless the big, insolvent banks are broken up in an orderly fashion.

Even the Bank of International Settlements - the "Central Banks' Central Bank" - has slammed too big to fail. As summarized by the Financial Times:

The report was particularly scathing in its assessment of governments' attempts to clean up their banks. "The reluctance of officials to quickly clean up the banks, many of which are now owned in large part by governments, may well delay recovery," it said, adding that government interventions had ingrained the belief that some banks were too big or too interconnected to fail.

This was dangerous because it reinforced the risks of moral hazard which might lead to an even bigger financial crisis in future.



"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Mon Sep 14th, 2009 at 05:26:16 AM EST
[ Parent ]
FT.com / Global Economy - BIS calls for global financial reforms
Financial products should be regulated like medicine in future, the Bank for International Settlements, said on Monday as it advocated sweeping reforms to financial instruments, markets and institutions.
...
It also recommended "a scheme analogous to the hierarchy controlling the availability of pharmaceuticals", with a sliding scale topped by the safest products available for everyone to purchase, and tailed by financial instruments deemed illegal.

Although the BIS was clear that these reform suggestions were for the future, it said it was vital that thought be given to the ongoing structure of the financial system while the patient was still on life support. Efforts so far, it concluded, had been a "messy mixture of urgent treatment designed to stem the decline, combined with an emerging agenda for comprehensive reform to set the foundations for sustainable growth".

It highlighted two main risks: first, that not enough will be done to ensure a durable recovery from crisis; and second, that the emergency action to stabilise the financial system will undermine efforts to build a safer system.



"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Mon Sep 14th, 2009 at 06:05:39 AM EST
[ Parent ]
BIS Quarterly Review, September 2009
Special features
    The future of securitisation: how to align incentives?
by Ingo Fender and Janet Mitchell
 

 Abstract 
 Full text (PDF, 17 pages, 157 kb)

 

    Central counterparties for over-the-counter derivatives
by Stephen G Cecchetti, Jacob Gyntelberg and Marc Hollanders
 

 Abstract
 Full text (PDF, 14 pages, 77 kb)

 

  The cost of equity for global banks: a CAPM perspective from 1990 to 2009
by Michael R King
 

 Abstract 
 Full text (PDF, 15 pages, 212 kb)

 

  The systemic importance of financial institutions
by Nikola Tarashev, Claudio Borio and Kostas Tsatsaronis
 

 Abstract 
 Full text (PDF, 13 pages, 162 kb)



"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Mon Sep 14th, 2009 at 06:08:56 AM EST
[ Parent ]
So we now have the interesting situation of banks which are officially too big to reorganise facing calls for change from economists. And bankers.

What happens next? In the short term, nothing much. In the medium term, it's going to be interesting to watch the extent to which the TBTFs are able to eat their host countries before someone very serious with legislative power notices that they're not an entirely good thing.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Mon Sep 14th, 2009 at 06:50:35 AM EST
[ Parent ]
To rephrase an old comment, (one of yours, I think), Governmental capture by the financial sector involves a toxin that numbs the brain of the victim.  I am beginning to fear that this will only end when the governments, economies and financial systems are in total collapse.  Even then there is grave danger that all efforts to reconstitute society will be led again by those who brought us here.

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 Sep 14th, 2009 at 11:28:00 AM EST
[ Parent ]
 WORLD 



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by In Wales (inwales aaat eurotrib.com) on Sun Sep 13th, 2009 at 12:56:46 PM EST
US could shift Afghanistan focus towards eastern provinces | World news | guardian.co.uk

The primary focus of the US war strategy in Afghanistan could shift towards the eastern provinces bordering Pakistan and away from the south of the country, where British forces are heavily engaged, under a plan being finalised by commanders.

Senior military officials are said to believe the Afghan Taliban's ability to find sanctuary and support across the porous border with Pakistan ‑ plus the suspected presence in the lawless tribal Waziristan area of al-Qaida leaders including Osama bin Laden ‑ has made a bigger effort in the east essential if the insurgency is to be defeated.

Any move by General Stanley McChrystal, the US and Nato commander in Afghanistan, to concentrate firepower and resources away from Helmand, in the south, could be resisted by British commanders leading an increasingly lethal struggle with insurgents there.

Additional US military pressure along the eastern border would also cause concern in Pakistan, where US aerial drone attacks on al-Qaida and Taliban targets in Waziristan and the Pakistani army's US-driven spring offensive against Pakistani Taliban in Swat are blamed for growing instability.



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by In Wales (inwales aaat eurotrib.com) on Sun Sep 13th, 2009 at 01:45:00 PM EST
[ Parent ]
Key group of U.S. lawmakers nearing healthcare deal | World | Reuters

WASHINGTON (Reuters) - A key group of U.S. senators was "very close" to agreement on healthcare reform, one of its members said on Sunday, suggesting Congress was nearer to meeting President Barack Obama's goal of passing a reform bill this year.

"We think we are very close to an agreement," said Senator Kent Conrad, chairman of the Senate Budget Committee and part of the "Gang of Six" bipartisan group that is trying to forge consensus, on "Fox News Sunday."

Lawmakers have struggled to find common ground in the debate over healthcare reform, hampering Obama's efforts to push through his top domestic policy priority.

Raucous town hall meetings over the summer showed many voters were unconvinced Washington had a plan that would improve their healthcare without imposing federal bureaucracy or saddling taxpayers with unsustainable public debt.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Sun Sep 13th, 2009 at 02:48:38 PM EST
[ Parent ]
Barack Obama Healthcare Plans: Thousands Protest Against Reforms In Washington DC | World News | Sky News

The demonstrators carried placards with slogans which accused the president of leading America towards socialism with his proposals for government-run insurance to ensure the entire population has medical cover.

They marched from the White House to the US Capitol in Washington DC chanting "enough, enough" and "we the people".

Some of the signs showed Mr Obama with an Adolf Hitler-style moustache and as The Joker from the Batman films.

The protest was organised by the conservative organisation Freedom Works Foundation, which campaigns for lower taxes, less government and more economic freedom for Americans.



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by In Wales (inwales aaat eurotrib.com) on Sun Sep 13th, 2009 at 02:57:23 PM EST
[ Parent ]
September NATO air strike killed 30 civilians - official | World | Reuters

KABUL (Reuters) - Nearly 100 people, including 30 civilians, were killed in a NATO air strike called in by German troops on two hijacked fuel tankers in northern Afghanistan this month, a government-appointed official said Sunday.

The September 4 strike in northern Kunduz province has drawn domestic and international criticism and has stirred intense debate in Germany over Berlin's strategy in Afghanistan, two weeks before an election.

President Hamid Karzai said last week the air strike was a major "error of judgement" by German forces and sent his own commission to the area to investigate.

"Based on our interviews with local officials, villagers and the district governor, we have found that 119 people were killed and wounded," Mohammadullah Baktash, one of the investigators of Karzai's appointed commission, told Reuters Sunday.



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by In Wales (inwales aaat eurotrib.com) on Sun Sep 13th, 2009 at 02:48:58 PM EST
[ Parent ]
Jihad: The Somalia connection - Home News, UK - The Independent
British intelligence chiefs have targeted war-torn Somalia as the next major challenge to their efforts to repel Islamic terrorism, after scores of youths left the UK for "jihad training" in the failed African state. MI5 bosses have warned ministers that the number of young Britons travelling to Somalia to fight in a "holy war", or train in terror training camps, has soared in recent years as the country has emerged as an alternative base for radical Islamic groups including al-Qa'ida.


Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Sun Sep 13th, 2009 at 02:50:53 PM EST
[ Parent ]
Iran snubs Barack Obama's nuclear talks - Telegraph

Less than 48 hours after Washington and its allies reluctantly accepted an offer of face-to-face negotiations from Tehran, Mahmoud Ahmadinejad, the Iranian president, insisted that the topic of greatest interest to the West would not be on the table.

"From the Iranian nation's viewpoint, the nuclear case is closed," he told Britain's ambassador to Tehran, Simon Gass. "Having peaceful nuclear technology is Iran's lawful and definite right and Iranians will not negotiate with anyone over their undeniable rights."



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by In Wales (inwales aaat eurotrib.com) on Sun Sep 13th, 2009 at 03:00:21 PM EST
[ Parent ]
US House Defends GOOG | The Hill | 10 Sep 2009

Google's battle with Amazon.com, Microsoft and Yahoo came to Capitol Hill on Thursday as the head of the U.S. copyright office backed claims that Google violates author copyright issues with its online library.

Register of Copyrights Marybeth Peters told the House Judiciary Committee that she opposes the proposed $125 million settlement Google reached with authors and publishers.

The committee was examining a settlement that resulted from a long-running fight between Google, which has scanned and indexed online 10 million books since 2004, and authors and publishers who say doing so violates their copyrights. Microsoft, Amazon.com, Yahoo and others have protested the project, as have some European countries including Germany and France....

"Google is in this position, in my view, not because they have engaged in predatory or anticompetitive behavior, but because they have built a better mousetrap in the eyes of mousetrap purchasers," [Rep. John Conyers Jr.] said.

Google says the Google Book Search project will make out-of-print and rare books more accessible to consumers. Google also argues that the settlement does not block competitors from striking agreements with publishers to make works available online, and it [GOOG] will license works to competitors through the registry created by the arrangement. Google allows publishers to sell access to books through online and offline retailers.

Representatives from the National Federation of the Blind and the Authors Guild praised the settlement and Google's efforts to make millions of literary works available [for a fee] to libraries, universities and people with disabilities....

Rep. Lamar Smith (R-Texas), the committee's ranking member, acknowledged that Google Book Search is a "novel and innovative way for people to acquire knowledge."

Philly Free Libraries to Close | LA Times | 11 Sep 2009

In a dramatic move, the Philadelphia Free Library System announced today that it will close all branch, regional and central libraries as of Oct. 2. There will be no book loans, no classes, no programs for seniors or children, no outreach to the community, no more community meetings at library locations. Starting today, the library began truncating its loan period.


Diversity is the key to economic and political evolution.
by Cat on Mon Sep 14th, 2009 at 01:01:14 PM EST
[ Parent ]
 LIVING OFF THE PLANET 
 Environment, Energy, Agriculture, Food 



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by In Wales (inwales aaat eurotrib.com) on Sun Sep 13th, 2009 at 12:57:06 PM EST
Euro wind producers want billions for sea turbines


European wind power producers are calling for billions of euros in investments to generate energy from wind turbines planted in the sea.

The European Union is aiming to generate a fifth of all its energy from renewable sources by 2020 to lessen reliance on imported oil and gas and meet climate change goals to reduce greenhouse gas emissions.

Wind power will likely play the major role and could generate up to 16 percent of all EU energy -- or a third of all electricity -- by 2020, the European Wind Energy Association says.

The industry says this depends on governments helping them make a major push to develop offshore wind farms over the next 20 years. They say it could replace power from older coal-fired electricity stations and help meet Europe's growing energy demand.

Some EUR 57 billion will be needed to develop these wind farms, the association said. The industry can use bigger and more powerful wind turbines planted in the sea bed to generate around a third more power than land-based wind stations.

Another EUR 20 billion to EUR 30 billion will need to be spent on energy links to transfer the power onshore and link power connectors between European nations, including links across the North Sea, EWEA says.

by MaBozza (greig.aitken AT gmail.com) on Mon Sep 14th, 2009 at 09:11:18 AM EST
[ Parent ]
 LIVING ON THE PLANET 
 Society, Culture, History, Information 



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by In Wales (inwales aaat eurotrib.com) on Sun Sep 13th, 2009 at 12:57:25 PM EST
Meet the polyamorists - a growing band of people who believe that more lovers equals more love - Taboos & Tolerance, Love & Sex - The Independent
A minority group for those who find strength in numbers. A community for people who like their intimate lives communal. Polyamory - the practice of openly engaging in multiple loving relationships - acquired its name in the 1990s, and has been gaining ground as a recognised lifestyle and movement ever since. With the UK's first "poly" website just launched, and Polyday taking place in London later this month, it seems there's never been a better time for "ethical non-monogamists" to stand up and be counted.


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by In Wales (inwales aaat eurotrib.com) on Sun Sep 13th, 2009 at 02:53:17 PM EST
[ Parent ]
Lesbians united: Facing down homophobic bullies - Education News, Education - The Independent

Some of the UK's most prominent female writers, comedians and presenters, and one MP, are chatting over coffee and biscuits in a smart London bar. The topic of conversation isn't the latest play at the National, the current publishing sensation, or a piece of controversial legislation. No, these women are talking about sexual abuse; about insults scrawled on toilet walls; hate-filled letters published in newspapers; name-calling in the street: in short, about the harassment they have suffered as a result of their sexuality.

Like an estimated 1.8 million women in Britain, Stella Duffy, Rhona Cameron, Amy Lamé, Angela Eagle and Sarah Waters are lesbian or bisexual, and as some of the country's few prominent lesbians, the are fronting the gay rights group Stonewall's latest campaign, entitled: "Some People Are Gay. Get Over It!".



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by In Wales (inwales aaat eurotrib.com) on Sun Sep 13th, 2009 at 02:55:42 PM EST
[ Parent ]
Child Bride In Yemen Dies While Giving Birth To Baby, Siyaj Human Rights Organisation Says | World News | Sky News

Fawziya Abdullah Youssef suffered severe bleeding while giving birth to a stillborn infant in Hodeida province, 140 miles (223km) west of the capital San'a, on Friday.

She was only 11 when her father married her to a 24-year-old man who works as a farmer in Saudi Arabia, according to Ahmed al Quraishi from the Siyaj organisation, which promotes the rights of children in Yemen.

He said he stumbled upon Fawziya in the al Zahra district hospital while investigating cases of youngsters who had fled from fighting in the north of the country.

"This is one of many cases that exist in Yemen," Mr al Quraishi said.

"The reason behind it is the lack of education and awareness, forcing many girls into marriage in this very early age."



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by In Wales (inwales aaat eurotrib.com) on Sun Sep 13th, 2009 at 02:56:56 PM EST
[ Parent ]
Daily Kos: Interview With Insurance Whistleblower.  Please  LISTEN UP!

I didn't have any idea what to expect, but when I walked through the fairground gates, it was just absolutely overwhelming. What I saw were people who were lined up. It was raining that day. They were lined up in the rain by the hundreds, waiting to get care that was being donated by doctors and nurses and dentists and other caregivers, and they were being treated in animal stalls. Volunteers had come to disinfect the animal stalls. They also had set up tents. It looked like a MASH unit. It looked like this could have been something that was happening in a war-torn country, and war refugees were there to get their care. It was just unbelievable, and it just drove it home to me, maybe for the first time, that we were talking about real human beings and not just numbers.

AMY GOODMAN: And so, what did you do with that?

WENDELL POTTER: Well, it took me a while to just really process it. I came back to work. I knew at that time that I couldn't continue doing what I was doing. It just didn't seem like it was ethically the right thing for me to do. ...

But then, you know, just two or three weeks later, I was having to fly to a meeting, and I often would fly on one of the corporate jets. And while I was doing that, I was served my lunch on a gold-rimmed plate, was given gold-plated flatware to eat my lunch. I was sitting in a very spacious and luxurious leather chair. And it just dawned on me for the first time. I had done this many times. But because of the Wise County experience, I just realized for the first time that someone's premiums were helping me to travel that way and were paying for my lunch on gold-trimmed china. And then I thought about those men and women that I had seen in Wise County, undoubtedly not having any idea that this is the way that insurance executives lived and how premium dollars were being spent. And that got me closer to making an ultimate decision that I had to leave.



"Two wrongs don't make a right, but three lefts do." Jim Hightower
by melo (melometa4(at)gmail.com) on Mon Sep 14th, 2009 at 02:58:30 AM EST
[ Parent ]
Which High School Students Are Most Likely to Graduate From College? - Yahoo! News

In the new "Crossing the Finish Line," William Bowen, a former president of Princeton University, argues that so many undergrads are dropping out (44 percent) that the country is in danger of losing its competitive edge to other nations.

He and coauthor Michael McPherson, former president of Macalester College, warn that America is likely to fall even further behind in the educational race because coming crops of high schoolers are filled with the kinds of low-income and minority students who tend to have the least educational success. In fact, despite billions of dollars in financial aid and scores of government and private efforts, the college graduation rate for low-income Americans who are the first in their families to go to college has been falling. "We're not doing as good a job as we should of creating genuine opportunity. We haven't continued to make progress the way other places have," Bowen said in an interview. (Harvard doctoral candidate Matthew Chingos also contributed to the book.)

The new research finds distressing signs that demographic factors such as gender, race, and parental education play large roles in determining a student's fate, no matter how smart or hardworking the particular student is. Those from families with below-average earnings or parents who didn't finish college, as well as African-Americans, Hispanics, and males, are failing college at disproportionate rates, even when compared with students with similar grades and test scores. Wealthy undergrads earn 11 percent more degrees from flagship universities than comparable students from the poorest income quartile, for example. White men are 6 percent more likely to graduate than black men with similar grades and scores. Women earn degrees at much higher rates than men. Failing to open educational opportunities to all students will endanger "the long-term health of our country," the authors warn.



En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Mon Sep 14th, 2009 at 10:04:02 AM EST
[ Parent ]
"Graduating from college" is quite a meaningless data unless it is precised what it means to graduate from college in a given society, financially, socially, and culturally... Comparing graduation rates across the world is particularly meaningless if one doesn't put it into perspective.

Also, I can't help but think that "amilies with below-average earnings or parents who didn't finish college, as well as African-Americans, Hispanics, and males" are quite inadequate demographics with which one should study college success.

What is "educational opportunity" ? Does equal educational opportunity means equal probability of earning a status marker that is, well, only a status signal ?

Un roi sans divertissement est un homme plein de misères

by linca (antonin POINT lucas AROBASE gmail.com) on Mon Sep 14th, 2009 at 10:16:56 AM EST
[ Parent ]
Let's focus on the intertemporal comparison within the US:
In fact, despite billions of dollars in financial aid and scores of government and private efforts, the college graduation rate for low-income Americans who are the first in their families to go to college has been falling.


En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Mon Sep 14th, 2009 at 10:21:10 AM EST
[ Parent ]
Which is pretty logical if the US are in any way like France in the 70's, where Bourdieu showed that those from the lower classes getting into higher ed were very thouroughly selected.

As more "poor" students go into higher ed, the marginal low-income-family student getting into college is not as good as he used to be and fails more often...

It's not as if the only barrier to college access was finance ; culture, social habits, etc..., as very strong barriers to overcome.

Un roi sans divertissement est un homme plein de misères

by linca (antonin POINT lucas AROBASE gmail.com) on Mon Sep 14th, 2009 at 11:25:51 AM EST
[ Parent ]
 PEOPLE AND KLATSCH 



Ad astra per aspera

by In Wales (inwales aaat eurotrib.com) on Sun Sep 13th, 2009 at 12:57:48 PM EST
Arnold Schwarzenegger, Sylvester Stallone and Bruce Willis reunite for action film | Film | guardian.co.uk

If you could combine their features into one specimen of supreme manliness, their biceps would be as big as the forelimb of an ox and their neck as wide as an oak tree. The fusion of Sylvester Stallone, Arnold Schwarzenegger and Bruce Willis would be truly impressive to behold.

They are not, yet, being genetically welded into one; but the three actors are being brought together into one film in what is being billed as the action hero dream team. The Expendables, scheduled for release next summer, will see Stallone lead a team of mercenaries on a mission to overthrow a South American dictator.

The film will see the three actors brought together for the first time since 1991, when they attended openings of their ill-fated restaurant venture, Planet Hollywood.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Sun Sep 13th, 2009 at 02:44:48 PM EST
[ Parent ]
PRODUCT PLACEMENT DEMEANS PEPSI ALL OF US VODAFONE, SAY EXPERTS

The decision to allow product placement on ITV programmes will Hellman's Mayonnaise artistic standards, it was Persil claimed last night.

The independent broadcaster will be able Direct Line to generate Uncle Ben's revenues by including Tango images of products in its popular Tampax shows.

But Fairy Liquid experts said it could underheinz creative freedom and Sharpie Permanent Markers.



You can't be me, I'm taken
by Sven Triloqvist on Mon Sep 14th, 2009 at 04:42:16 AM EST
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