European Salon de News, Discussion et Klatsch - 5 March

by Fran
Thu Mar 4th, 2010 at 04:10:03 PM EST

 A Daily Review Of International Online Media 


Europeans on this date in history:

1931 – Birth of Fred Othon Aristidès, French comics artist and comic book creator in the Franco-Belgian comics tradition, known by his pseudonym Fred. He is best known for his series Philémon.

More here and here

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Ad astra per aspera

by In Wales (inwales aaat eurotrib.com) on Thu Mar 4th, 2010 at 01:02:34 PM EST
EUobserver / Lukewarm reception for EU's 2020 plan

EUOBSERVER / BRUSSELS - Reactions to the European Commission's communication on a new economic strategy for Europe have so far proved to be lukewarm, at best.

While a list of targets advocating higher employment, greener growth and greater research spending have met with general approval, few feel confident they can actually be achieved by means of an EU plan.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 4th, 2010 at 01:04:38 PM EST
[ Parent ]
EUobserver / EU ombudsman attacks commission over Porsche letters

EUOBSERVER / BRUSSELS - The European Ombudsman is on Thursday (4 March) to censure the European Commission for refusing to release correspondence between itself and German car manufacturer Porsche.

In an excoriating report to the European Parliament seen by EUobserver, the ombudsman, Nikiforos Diamandouros, accuses the EU executive of failing to co-operate with him in good faith and ultimately of undermining the rule of law.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 4th, 2010 at 01:05:25 PM EST
[ Parent ]
EUobserver / EU diplomats should target India and China, ministers say

EUOBSERVER / BRUSSELS - The UK and Sweden have said the EU should build bigger embassies in up-and-coming capitals such as New Delhi and warned EU institutions not to hog senior diplomatic posts.

British foreign minister David Miliband and his Swedish counterpart, Carl Bildt, in a joint letter to EU foreign policy chief Catherine Ashton on Wednesday (3 March) urged the bloc to create "larger and more political" delegations in the capitals of India, Pakistan, China, Brasil and Indonesia.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 4th, 2010 at 01:05:51 PM EST
[ Parent ]
EUobserver / Gains for Wilders' anti-immigration party in Dutch elections

EUOBSERVER / BRUSSELS - Early results suggest the hard-right anti-immigration party of Geert Wilders looks set to emerge as the main winner in local elections held in the Netherlands on Wednesday (3 March), setting the stage for a national showdown in June.

"We are going to conquer the entire country ... We are going to be the biggest party in the country," said the blond-haired Mr Wilders as the results came through.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 4th, 2010 at 01:06:20 PM EST
[ Parent ]
Far-right makes gains in the Netherlands | Europe | Deutsche Welle | 04.03.2010

Dutch voters went to the polls Wednesday for local elections viewed as a test of political loyalties and far-right leanings 10 days after the collapse of the center-left national government.

These would be "the most nationally-focused local elections ever," the leftist Volkskrant newspaper said as pollsters predicted a tough ride for the two biggest parties - the Christian Democratic Appeal (CDA) and the Labor Party (PvdA).



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 4th, 2010 at 01:12:27 PM EST
[ Parent ]
EUobserver
EU foreign affairs supremo Catherine Ashton visited Haiti on Wednesday, almost one month after a devastating earthquake. "I came now because my job is to build for the long-term. And I'm sure that was the right thing to do," she told AFP after French criticism that she should have gone right away.


Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 4th, 2010 at 01:07:52 PM EST
[ Parent ]
EUobserver
The Spanish EU presidency's envoy to the nuclear watchdog, the IAEA, on Wednesday said in a statement that the union is moving toward fresh sanctions on Iran: "Iran's apparent lack of interest in pursuing negotiations require a clear response, including through appropriate measures."


Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 4th, 2010 at 01:08:09 PM EST
[ Parent ]
Belgian authorities raid houses and businesses associated with the PKK | Europe | Deutsche Welle | 04.03.2010

The arrests in Belgium come just a day after France announced that it would file terror charges against nine Kurds who it says were recruiting fighters for the PKK. The PKK, or Kurdistan Workers' Party, is considered by the European Union, United States and Turkey to be a terrorist organization. 

Over 300 police raided 25 sites all across Belgium, the German news agency dpa reported, citing Belgian news reports. Police also raided the offices in Denderleeuw of Roj TV, an international Kurdish broadcaster that backs the PKK.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 4th, 2010 at 01:11:27 PM EST
[ Parent ]
Human Rights Court hears Yukos claim against Russia | Europe | Deutsche Welle | 04.03.2010

The European Court of Human Rights on Thursday began hearing a $98 billion (71.7 billion euros) claim against Russia by the executives of bankrupt oil company Yukos.

The oil firm, once the largest in Russia, declared bankruptcy in 2006 after a multi-billion-dollar back-tax claim. Former executives say the company was broken up illegally by allies of then President Vladimir Putin in an attempt to consolidate his authority over Russia's influential tycoons.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 4th, 2010 at 01:12:04 PM EST
[ Parent ]
German terror cell sentenced for up to 12 years | Germany | Deutsche Welle | 04.03.2010

A German court has sentenced four self-confessed Islamic militants to up to 12 years in jail for a failed plot to attack US targets in Germany.

In the country's biggest terror trial in decades, a higher regional court in Duesseldorf sentenced the two German converts, Fritz Gelowicz and Daniel Schneider, to 12 years each. Turkish national Adem Yilmaz was sentenced to 11 years, while German-Turkish citizen Attila Selek will go to jail for five years.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 4th, 2010 at 01:14:03 PM EST
[ Parent ]
France24 - Berlusconi's 'amateur' party protests against election exclusion

Candidates from Italian Prime Minister Silvio Berlusconi's People of Freedom party (PDL) will not be allowed to contest the polls in Lombardy, his political home turf, and the Lazio region, which includes Rome.

The bungle in Lazio occurred when a party member missed the deadline to register for the March 28-29 regional elections.

A furious Berlusconi has vented his anger at "amateur" party officials, whose blunder could hand a victory to the left-wing opposition in two of Italy's most important regions.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 4th, 2010 at 01:20:25 PM EST
[ Parent ]
The delays were due to political infighting. The driving force of Berlusconi's personal political entity is sheer greed. It relies heavily on opportunists and shysters who deliberately sabotaged their own "party" lists. The incredible behaviour points to a party in disarray, without strong local leadership and a national governance that is on the verge of collapse over the barrage of corruption scandals.

It is beyond understanding how a crucial area such as the city and province of Rome could have been put in the hands of a person who had previously tried the same trick, evidencing signs of a grave personality disorder. As for Milan there is nothing amateurish or blundering about it. It's a free for all driven by envy and greed, all illegal blows allowed.

As of this evening the court has readmitted the PDL in the Rome elections. Formigoni in Lombardia is still out. It is likely that a bipartisan law will be passed to allow the life-time governor of Lombardia and self-declared virgin, Roberto Formigoni, to once again run. We hope he'll be readmitted, not so much for himself but for Nicole Minetti, Berlusconi's personal dental hygienist, one great piece of ass, tits galore, imposed by the Boss of Bosses.

The  Minister of the Defence, Ignazio La Russa, one of the three national coordinators of Berlusconi's personal political entity, declared, "I don't want to play the subversive but I'll put it frank and clear: we wait with trust the verdict concerning our lists, but we will never accept that a court sentence may prevent hundreds of thousands of our voters to vote in the regional elections. If they prevent us from running for office we're ready to do everything."

This of course is not as important as the government's decision to drastically curtail freedom of the press on the pretext of regional elections. All in-depth news programs on state-owned broadcasting stations have been silenced. Last week an in-depth news program on the Fastweb-Telecom scandal was not allowed to show on the Telecom-owned La7. With a government falling apart over cases of vast, capillary corruption and major accusations of mafia ties by witnesses and collaborators of justice, Berlusconi, like an Ahmadinejad, sees nothing more fit than to close down talk-shows. That only leaves self-censored news programs that are heavily biased in favour of Berlusconi. According to some commentators the action is unprecedented in modern post-war Europe.

We expect Europe to speak out on this issue immediately. It is no longer an internal affair.

by de Gondi (publiobestia aaaatttthotmaildaughtusual) on Thu Mar 4th, 2010 at 05:43:30 PM EST
[ Parent ]
We expect Europe to speak out on this issue immediately. It is no longer an internal affair.

The EU only cares about free trade, unfortunately.

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

by Migeru (migeru at eurotrib dot com) on Thu Mar 4th, 2010 at 05:52:45 PM EST
[ Parent ]
You know how we surrender-monkey tree-huggers set our expectations too high.
by de Gondi (publiobestia aaaatttthotmaildaughtusual) on Thu Mar 4th, 2010 at 05:58:34 PM EST
[ Parent ]
Plus, with the EPP in relative control, a censure of one of their own is unlikely.

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Thu Mar 4th, 2010 at 06:01:54 PM EST
[ Parent ]
UPDATE: The PDL is still excluded from the lists in the province of Rome. Only the civic list of Renata Polverini was readmitted last night. It simply means that those who wish to vote for the rightwing coalition in Rome and its province cannot vote for Berlusconi's personal political entity. They may vote for the other parties that support Polverini. As for Formigoni he is plain out of the competition.

The person responsible for having presented the PDL's irregular lists late declared to reporters last night that "...revenge is a plate to be served cold." This apparently alludes to his previous behaviour in 2005 when he tried to pull the same trick. His famous "sandwich" break was deliberate.

Having little else to do, PDL big shots have taken to making calumnious accusations against the Radical party for having some how screwed them up. Berlusconi and his flunkies once again demonstrate an utter incapacity to recognize responsibility for their own actions.

Last night Berlusconi attempted to convince President Napolitano of the necessity of a law decree to allow the PDL to participate in the competition in Lombardy and Rome. It appears that Napolitano would only sign into law a bill approved by all parties in parliament but invited Berlusconi to wait until a final sentence in both cases.

Berlusconi has prepared a decree that will change the rules during the game. At this point it's merely a question of propaganda and media blitzkriegs, made all the easier by the television news blackout. The PDL seeks to depict itself as a victim of an anti-democratic putsch. (That it was of their own doing is swept under the rug.) By voting a law by simple majority (the opposition has declared they would not vote for it) Berlusconi will put Napolitano on the spot, forcing an institutional crisis.  

The position of the racist ally Lega Nord is anything but ambiguous. Bossi has everything to gain from the chaos in Rome and Lombardy. He need only sit back and wait until the dust settles.

The opposition leader Di Pietro just accused Berlusconi of planning a coup d'état. He warned that if Berlusconi continues with his plans there will be organized resistance in the streets.

The rhetoric on both sides of the fence is at the breaking point.

by de Gondi (publiobestia aaaatttthotmaildaughtusual) on Fri Mar 5th, 2010 at 06:44:01 AM EST
[ Parent ]
France24 - Civil servants plan massive strike to protest govt cutbacks

AFP - Portuguese civil servants walk off their jobs on Thursday, hoping to close schools, courts and hospitals in a protest strike against austerity measures imposed by the Socialist government. The strike could be the biggest in years in Portugal and will test the minority government, which has been pressed by financial markets to cut spending after Greece's fiscal crisis turned the focus on weak euro zone members.   Greece targeted civil servants, the rich and the church on Wednesday in a sweeping new 4.8 billion euro ($6.5 billion) austerity programme designed to secure European help to tackle its crippling debt burden. 



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 4th, 2010 at 01:23:23 PM EST
[ Parent ]
France24 - Prime minister attends mass for victims of storm Xynthia

Hundreds of people from France's Vendée region gathered Thursday afternoon at a mass in Luçon to mourn the victims of storm Xynthia. Among those present at the cathedral was French Prime Minister François Fillon, who gave a brief speech in homage to those killed before a procession of volunteers, police and firemen.

Xynthia, a powerful storm carrying hurricane-force winds, rampaged across Europe earlier this week, hitting hardest in the Vendée region, where more than half of the total deaths in France occurred. Relief and reconstruction efforts have been launched in the largely flooded area, and the official death toll was put at 53 Thursday, with seven people injured. 



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 4th, 2010 at 01:24:36 PM EST
[ Parent ]
Tories have 2 point lead in marginal seats | Top News | Reuters

LONDON (Reuters) - The Conservatives have a two point lead over Labour in marginal seats, a poll showed on Thursday, a further indication that Britain could be heading for an inconclusive election.

Thirty-nine percent of those polled said they would vote Conservative, and 37 percent said they would support Labour in the YouGov/Channel 4 News survey of 60 key marginal seats.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 4th, 2010 at 01:26:58 PM EST
[ Parent ]
I'm surprised that Ashcroft's millions have only shifted the target seats by 2 per cent. Still, I imagine that'll be enough.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Thu Mar 4th, 2010 at 04:42:43 PM EST
[ Parent ]
Johann Hari
In the sudden slurry of revelations about Michael Ashcroft, are we missing the bigger picture - and a far larger scandal? The immediate disgrace is plain enough. The billionaire Ashcroft has jostled his way into the heart of the Conservative Party, and altered the shape of British politics, with money hoarded away in a tax haven. He evidently finds the idea of paying a small share of his fortune to keep his country's schools and hospitals and defence running so abhorrent that he would rather stash the vast majority of his cash in the bitterly poor tax haven of Belize. (He pays no tax at all there, despite the fact that 30 per cent of the country's children go hungry.) And he did it all disingenuously: when he was scraped into the House of Lords on William Hague's recommendation in 2000, he gave a "clear and unequivocal assurance" he would become a "permanent" resident in Britain.


If you're not part of the solution, you're part of the precipitate.
by ceebs (ceebs (at) eurotrib (dot) com) on Thu Mar 4th, 2010 at 09:27:22 PM EST
[ Parent ]
Great cartoon in the Independent about Ashcroft and Hague

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Fri Mar 5th, 2010 at 03:52:53 AM EST
[ Parent ]
That'll be nowhere near enough. A 2% leads in the marginals at this stage is a disaser for Plastic Dave.

A lot of people - who care at all - are feeling that a hung parliament is the best possible outcome.

It'll give the LibDems some leverage they wouldn't have had otherwise. Let's see what they do with it.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Fri Mar 5th, 2010 at 09:27:22 AM EST
[ Parent ]
I understood that it meant that the marginals showed a tendency to be 2% more inclined to the tories than they ought to be. So a seat which was tending x% is now tending x+2 to the tories. Which in a marginal is actually a significant advantage.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Fri Mar 5th, 2010 at 10:30:38 AM EST
[ Parent ]
The channel's political editor Gary Gibbon said the result pointed to a "hung parliament" in which the Conservatives would have the largest number of seats but would be 11 seats short of a majority. Britain last had a hung parliament in 1974.

Financial markets, which are focussed on Britain's record deficit and want the next government to tackle it aggressively, do not like the prospect of a hung parliament.

They fear wrangling between the parties could delay painful but necessary public spending cuts.

Financial markets don't like democracy, it's too messy...

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 Fri Mar 5th, 2010 at 10:29:16 AM EST
[ Parent ]
I am increasingly of the opinion that whatever markets want, we should advise the opposite.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Fri Mar 5th, 2010 at 10:31:48 AM EST
[ Parent ]
BNP row reignites over reply to party leaders' TV debates - UK Politics, UK - The Independent

The major broadcasters face anger after deciding to invite Nick Griffin, the British National Party leader, to reply to the televised Prime Ministerial debates during the general election campaign.

The BBC, ITV and Sky this week reached agreement on the format of the three encounters between Gordon Brown, David Cameron and Nick Clegg.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 4th, 2010 at 01:41:41 PM EST
[ Parent ]
Maybe we should have a minor parties debate, between those who  are standing in more than 50% of constituencies but not expected to win any/many.

hopefully the BNP can debate with black or gay representatives of the Greens and others.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Thu Mar 4th, 2010 at 04:44:44 PM EST
[ Parent ]
 ECONOMY & FINANCE 


Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 4th, 2010 at 01:02:53 PM EST
EUobserver / Senators warn Obama on EU trade competition

EUOBSERVER / BRUSSELS - US senators from both parties on Wednesday (3 March) pressured the Obama administration to implement free trade agreements with South Korea and Colombia, warning of competition from the EU, which recently clinched similar deals.

Washington's free trade agreements with Colombia, Panama and South Korea were signed during the George W. Bush administration, but their implementation has been blocked for some three years now due to opposition from Barack Obama's own Democratic Party.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 4th, 2010 at 01:07:03 PM EST
[ Parent ]
EUobserver
EU single market commissioner Michel Barnier on a trip to the City of London on Wednesday told the FT that he supports a global tax on financial transactions: "It is a fair idea ...If there is a levy, it allows you to put in place a system to anticipate, prevent and manage a future crisis."


Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 4th, 2010 at 01:08:25 PM EST
[ Parent ]
EUobserver
Italy's socialist head of state Giorgio Napolitano after a meeting with EU commission chief Barroso in Brussels on Wednesday said the bloc should create its own IMF-type bail-out fund. "There's something missing from our common tool box," he said, AFP reports.


Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 4th, 2010 at 01:08:51 PM EST
[ Parent ]
EUobserver
Greek singer Nana Mouskouri, who served as MEP between 1994-1999, offered Athens her EU pension to help ease the pressure on the public finances. She said she saw this as her "duty to the country" and urged fellow Greeks to help the state as well. Ms Mouskuri gets an EU pension of €25,000 a year.


Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 4th, 2010 at 01:09:15 PM EST
[ Parent ]
This is a commendable gesture, but I am wondering how many will follow suit? None?
by hitchhiker on Fri Mar 5th, 2010 at 06:19:51 AM EST
[ Parent ]
Interesting to see how much her MEP's pension amounts to. I thought it was supposed to be laced with gold.
by afew (afew(a in a circle)eurotrib_dot_com) on Fri Mar 5th, 2010 at 07:16:13 AM EST
[ Parent ]
I think MEPs make what national MPs make.

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 Fri Mar 5th, 2010 at 07:23:12 AM EST
[ Parent ]
EUobserver
Three in four voters (74%) in Iceland are set to vote No to the Icesave deal in Saturday's referendum, according to a Gallup poll. Just 19% are in favor and 8% undecided. The Icelandic Icesave internet bank collapsed in 2008. The UK and the Netherlands want €3.8 billion back on behalf of clients.


Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 4th, 2010 at 01:09:46 PM EST
[ Parent ]
Greeks protest latest set of austerity measures | Europe | Deutsche Welle | 04.03.2010

Protests and praise greeted Greece's latest round of austerity measures on Thursday, as Prime Minister George Papandreou introduced a new multi-billion-euro bond in a bid to tackle his country's massive debt.

In central Athens, more than 300 trade unionists occupied the entrance to the Ministry of Finance, protesting the latest measures and calling for an "uprising" in action. A second demonstration was planned for later Thursday.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 4th, 2010 at 01:11:44 PM EST
[ Parent ]
France24 - Greek protestors occupy finance ministry

AFP - Hundreds of communists from Greece's All-Workers Militant Front on Thursday staged a sit-in at the finance ministry to protest against austerity measures announced by the government.

Around 300 protestors pushed their way past a lone guard early Thursday to gain access to the building and unfurl a banner urging Greeks to "rise up" and thwart the draconian debt-reduction measures.

Some activists also blocked employees from entering the building.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 4th, 2010 at 01:22:37 PM EST
[ Parent ]
Greece draws strong bond demand | Reuters

ATHENS (Reuters) - Debt-stricken Greece drew strong demand for a crucial bond issue on Thursday but paid a steep risk premium that underscored its plea to Germany and other EU partners for support to help lower its borrowing costs.

A day after the government announced draconian new austerity measures, a 5 billion euro (4.5 billion pound) 10-year syndicated bond was more than three times oversubscribed at a price of about 6.4 percent -- twice what Berlin pays, banking sources said.



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by In Wales (inwales aaat eurotrib.com) on Thu Mar 4th, 2010 at 01:26:23 PM EST
[ Parent ]
Greece should sell islands to keep bankruptcy at bay, say German MPs | Business | guardian.co.uk

Greece must consider a fire sale of land, historic buildings and art works to cut its debts, two rightwing German politicians said today in a newspaper interview that is bound to exacerbate tensions between Athens and Berlin.

Alongside austerity measures such as cuts to public sector pay and a freeze on state pensions, why not sell a few uninhabited islands or ancient artefacts, asked Josef Schlarmann, a senior member of Angela Merkel's Christian Democrats, and Frank Schaeffler, a finance policy expert in the Free Democrats.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 4th, 2010 at 01:37:20 PM EST
[ Parent ]
Meanwhile, Germany shows the right way, the one we all must follow:

Eurointelligence: German nominal wages fall in 2009

So much for nominal wage rigidities. We have been used to real wage cuts, but in Germany during last year nominal wages have fallen for the first time since 1949, according to the Federal Statistics Office. They were down 0.4%. Nominal wages in industry fell by 3.6%, due to short-time work. This means that Germany's competitive position within the euro area has increased further last year - and with the most recent 0 per cent pay round, there are no signs that Germany-versus-rest-of-eurozone gap is stabilising, let alone closing.
by afew (afew(a in a circle)eurotrib_dot_com) on Thu Mar 4th, 2010 at 01:43:27 PM EST
[ Parent ]
Excellent. Soon everyone will run a trade surplus.

Wait this is important. Someone is wrong on the Internet.
by generic on Thu Mar 4th, 2010 at 06:18:48 PM EST
[ Parent ]
Are they talking about the total wage bill?

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Thu Mar 4th, 2010 at 06:36:39 PM EST
[ Parent ]
Sounds like it, but we'd have to check at the Federal Stats Office. (no link given).
by afew (afew(a in a circle)eurotrib_dot_com) on Fri Mar 5th, 2010 at 01:56:29 AM EST
[ Parent ]
The German Federal Statistical Office (Statistisches Bundesamt Deutschland) website is here.

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 Fri Mar 5th, 2010 at 04:18:46 AM EST
[ Parent ]
I know, it's in my bookmarks :)
by afew (afew(a in a circle)eurotrib_dot_com) on Fri Mar 5th, 2010 at 06:10:42 AM EST
[ Parent ]
Can't find the source right now, and have no more time to search.
by afew (afew(a in a circle)eurotrib_dot_com) on Fri Mar 5th, 2010 at 06:20:30 AM EST
[ Parent ]
Robert Parenteau makes a pertinent argument in Will the Quest for Fiscal Sustainability Destabilize Private Debt?, that a country with a current account balance in deficit cannot run both a fiscal surplus and a private sector surplus as a simple matter of accounting definitions. The set-up for this was posted on ET here. The application to various EU countries remains in his original piece. His Three Sector Map is reproduced again here:

That means at every point on this map where the current account balance is equal to the fiscal balance, we know the domestic private sector financial balance must equal zero. In other words, the income of households and businesses just matches their expenditures (or alternatively, if you prefer, the saving out of income flows by the domestic private sector just matches the investment expenditures of the sector). The dotted line that passes through the origin at a 45 degree angle marks off the range of possible combinations where the domestic private sector is neither net issuing financial liabilities to other sectors, nor is it net accumulating financial assets from other sectors.

Once we mark this range of combinations where the domestic private sector is in financial balance, we also have determined two distinct zones in the financial balance map. To the left of the dotted line, the current account balance is less than the fiscal balance: the domestic private sector is deficit spending. To the right of the dotted line, the current account balance is greater than the fiscal balance, and the domestic private sector is running a financial surplus or net saving position.

This follows from the recognition that a current account surplus presents a net inflow to the domestic private sector (as export income for the domestic private sector exceeds their import spending), while a fiscal surplus presents a net outflow for the domestic private sector (as tax payments by the private sector exceed the government spending they receive).

Accordingly, the further we move up and to the left of the origin (toward the northwest corner of the map), the larger the deficit spending of households and firms as a share of GDP, and the faster the domestic private sector is either increasing its debt to income ratio, or reducing its net worth to income ratio (absent an asset bubble). Moving to the southeast corner from the origin takes us into larger domestic private surpluses.

The financial balance map forces us to recognize that changes in one sector's financial balance cannot be viewed in isolation, as is the current fashion. If a nation wishes to run a persistent fiscal surplus and thereby pay down government debt, it needs to run an even larger trade surplus, or else the domestic private sector will be left stuck in a persistent deficit spending mode. (Author's bold.)

Parenteau notes that a prolonged negative cash flow for the domestic private sector is damaging. They have to assume debt to increase present spending, sell assets or make do with less or all of these. This makes the private sector increasingly fragile.

Spain is currently running a fiscal deficit of about 10%. The Pact for Stability and Growth requires that deficit to be reduced to 3%. This could be done with a massive Current Account (Trade) Surplus, but is highly unlikely with the present or likely value of the Euro. The policy space available to EU countries WITHOUT A CURRENT ACCOUNT SURPLUS is shown in the chart below:

With respect to Spain, Parenteau notes:

Spain already is running one of the higher private debt to GDP ratios in the region. In addition, Spain had one of the more dramatic housing busts in the region, which Spanish banks are still trying to dig themselves out from (mostly, it is alleged, by issuing new loans to keep the prior bad loans serviced, in what appears to be a Ponzi scheme fashion). It is highly unlikely Spanish businesses and households will voluntarily raise their indebtedness in an environment of 20% plus unemployment rates, combined with the prospect of rising tax rates and reduced government expenditures as fiscal retrenchment is pursued.

Alternatively, if we assume Spain's private sector will attempt to preserve its estimated 5.5% of GDP financial balance, or perhaps even attempt to run a larger net saving or surplus position so it can reduce its private debt faster, Spain's trade balance will need to improve by more than 7% of GDP over the next three years. Barring a major surge in tradable goods demand in the rest of the world, or a rogue wave of rapid product innovation from Spanish entrepreneurs, there is an additional way for Spain to accomplish such a significant reversal in its current account balance.

Prices and wages in Spain's tradable goods sector will need to fall precipitously, and labor productivity will have to surge dramatically, in order to create a large enough real depreciation for Spain that its tradable products gain market share (at, we should mention, the expense of the rest of the Eurozone members). Arguably, the slack resulting from the fiscal retrenchment is just what the doctor might order to raise the odds of accomplishing such a large wage and price deflation in Spain. But how, we must wonder, will Spain's private debt continue to be serviced during the transition as Spanish household wages and business revenues are falling under higher taxes or lower government spending?

These policy consequences are not without consequences. Some of those consequences may well redound to the detriment of those most fervently pushing the policies:

It is the height of folly to expect peripheral Eurozone nations to sail their way into the EMU triangle under even the most masterful of policy efforts or price signals. More likely, since reducing trade deficits is likely to prove very challenging (Asia is still reliant on export led growth, while US consumer spending growth is still tentative), the peripheral nations in the Eurozone will find themselves floating somewhere out to the northwest of the EMU triangle. The sharper their fiscal retrenchments, the faster their private sectors will run up their debt to income ratios.

Alternatively, if households and businesses in the peripheral nations stubbornly defend their current net saving positions, the attempt at fiscal retrenchment will be thwarted by a deflationary drop in nominal GDP. Demands to redouble the tax hikes and public expenditure cuts to achieve a 3% of GDP fiscal deficit target will then arise. Private debt distress will also escalate as tax hikes and government expenditure cuts the net flow of income to the private sector. Call it the paradox of public thrift.

As it turns out, pursuing fiscal sustainability as it is currently defined will in all likelihood just lead many nations to further private sector debt destabilization. European economic growth will prove extremely difficult to achieve if the current fiscal "sustainability" plans are carried out. Realistically, policy makers are courting a situation in the region that will beget higher private debt defaults in the quest to reduce the risk of public debt defaults through fiscal retrenchment. European banks, which remain some of the most leveraged banks, will experience higher loan losses, and rating downgrades for banks will substitute for (or more likely accompany) rating downgrades for government debt. A fairly myopic version of fiscal sustainability will be bought at the price of a larger financial instability. (Author's bold.)

As Parenteau noted, policy advocates do not wish to consider the implications of basic accounting, especially, I would note, when they conflict with their political objectives, no less in Europe than in the USA. After having managed to avoid a debt-deflation death spiral after the October 2008 onset of the GFC, dogged pursuit of inappropriate policy objectives might still bring it about. He concludes:

These types of tradeoffs are opaque now because the fiscal balance is being treated in isolation. Implicit choices have to be forced out into the open and coolly considered by both investors and policy makers. It is not out of the question that fiscal rectitude at this juncture could place the private sectors of a number of nations on a debt deflation path - the very outcome policy makers were frantically attempting to prevent but a year ago.

There may be ways to thread the needle - Domingo Cavallo's recent proposal to pursue a "fiscal devaluation" by switching the tax burden in Greece away from labor related costs like social security taxes to a higher VAT could be one way to effectively increase competitiveness without enforcing wage deflation. Cavallo's claims to the contrary, however, it was not the IMF that tripped him up. Fiscal cuts begat lower domestic income flows, which led to tax shortfalls, missed fiscal balance targets, and another round of fiscal retrenchment, in a vicious spiral fashion. But more innovative solutions than these, where financial stability, not just fiscal sustainability, is the primary objective, will not even be brought to light unless policy makers and investors begin to think coherently about how financial balances interact.

Or to put it more bluntly, if European countries try to return to 3% fiscal deficits by 2012, as many of them are now pledging, unless the euro devalues enough, then either a) the domestic private sector will have to adopt a deficit spending trajectory, or b) nominal private income will deflate, and Irving Fisher's paradox will apply (as in the very attempt to pay down debt leads to more indebtedness), thwarting the ability of policy makers to achieve fiscal targets. In the case of Spain, with large private debt/income ratios, this is an especially critical issue. (My bold. ARG)

The underlying principle flows from the financial balance approach: the domestic private sector and the government sector cannot both deleverage at the same time unless a trade surplus can be achieved and sustained. We remain hard pressed to identify which nations or regions of the remainder of the world are prepared to become consistently larger net importers of Europe's tradable products, but it is also said that necessity is the mother of all invention (and desperation, its father?). Pray there is life on Mars that consumes olives, red wine, and Guinness beer. (Author's bold, uno.)

So, is the German dominance of the policies of the ECU, combined with their policy objectives poised to crush the economies of the south and blow up even German banks in the process? One thing in common with the USA is a refusal to acknowledge and deal with both the problems and the power of the big banks.

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

by ARGeezer (ARGeezer at eurotrib.com) on Fri Mar 5th, 2010 at 12:30:06 PM EST
[ Parent ]
More evidence that the GSP is macroeconomic nonsense...

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 Fri Mar 5th, 2010 at 12:38:55 PM EST
[ Parent ]
It should be renamed the Stagnation and Collapse Pact. So are the PIGS to be slaughtered by the pig-headed?

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer at eurotrib.com) on Fri Mar 5th, 2010 at 01:45:49 PM EST
[ Parent ]
I found the references to Irving Fisher's Debt-Deflation Theory particularly alarming and cogent.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer at eurotrib.com) on Fri Mar 5th, 2010 at 01:47:32 PM EST
[ Parent ]
Couple it with Minsky's debt-mediated Financial Instability Hypothesis and you're set.

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 Fri Mar 5th, 2010 at 01:54:28 PM EST
[ Parent ]
Last night I re-read Fisher's paper from late '33. Perhaps this week-end I will re-read Steve Keen's paper on Minsky.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer at eurotrib.com) on Fri Mar 5th, 2010 at 03:37:57 PM EST
[ Parent ]
That is a most excellent paper.

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 Fri Mar 5th, 2010 at 04:15:54 PM EST
[ Parent ]
After unequivocally claiming priority for the Debt Deflation Theory in the opening paragraph of the paper, the last footnote reads (my bold):
A selected bibliography of the writings of others is given in Appendix III of Booms and Depressions, ... This bibliography omitted Veblen's Theory of Business Enterprise, ...Chater VII of which, Professor Wesley C. Mitchell points out, probably comes nearest to the debt-deflation theory. Hawtreys' writings seem the next nearest. Professor Alvin H. Hansen informs me that Professor Paxson, of the American History Department of the University of Wisconsin, in a course on the History of the West some twenty years ago, stressed the debt factor and its relation to deflation. But, so far as I know, no one hitherto has pointed out how debt liquidation defeats itself via deflation nor several other features of the present "creed". If any clear-cut anticipation exists, it can never have been prominently set forth, for even the word "debt" is missing in the indexes of the treatises on the subject.
See my diary The Credit Bubble theory of the Business Cycle (I: Veblen) (February 13th, 2010)

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Fri Mar 5th, 2010 at 04:30:58 PM EST
[ Parent ]
I was thinking of you and techno when I read the part about Veblin. Had you previously come across Fisher's paper?

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer at eurotrib.com) on Fri Mar 5th, 2010 at 05:51:04 PM EST
[ Parent ]
No, this is a first reading. Now I want to read Booms and Depressions.

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 Fri Mar 5th, 2010 at 06:59:07 PM EST
[ Parent ]
A book which, shockingly, is out of print! It's available as a PDF from the St. Louis Fed [link to HTML summary page]

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 Sat Mar 6th, 2010 at 03:57:41 AM EST
[ Parent ]
Thanks. I am coming to love free books. Did you see Lombard Street, a description of the money market by Walter Bagehot, 1873? Same site. A real treasure trove.

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 Sat Mar 6th, 2010 at 11:47:10 AM EST
[ Parent ]
if households and businesses in the peripheral nations stubbornly defend their current net saving positions, the attempt at fiscal retrenchment will be thwarted by a deflationary drop in nominal GDP

This is Keynes' paradox of thrift at work. But the problem is that we just came out of a debt and asset price bubble with low savings and high indebtedness. Denying households and businesses the ability to deleverage will be painful.

It is not out of the question that fiscal rectitude at this juncture could place the private sectors of a number of nations on a debt deflation path - the very outcome policy makers were frantically attempting to prevent but a year ago.

It is surely wrong to stop fiscal stimulus of even embark on austerity programmes when the economic cycle is yet to unequivocally hit bottom.

Prices and wages in Spain's tradable goods sector will need to fall precipitously, and labor productivity will have to surge dramatically, in order to create a large enough real depreciation for Spain that its tradable products gain market share (at, we should mention, the expense of the rest of the Eurozone members).

Here there's an assumption that the sharing of the Eurozone's trade balance among the various member states is zero-sum. For one country to improve their trade balance, that of some others must worsen.

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 Fri Mar 5th, 2010 at 03:02:48 PM EST
[ Parent ]
Um, perhaps the EMU needs two Euros, one for the north and another for the south, a NEuro and a SEuro? Then EU policy could be directed to converging the two monetary units instead of grinding the southerners into dust.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer at eurotrib.com) on Fri Mar 5th, 2010 at 10:50:32 AM EST
[ Parent ]
The EU needs a true EU-wide fiscal and industrial policy, EU-wide redistribution, or to ditch the Growth and Stability (Suicide) Pact...

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 Fri Mar 5th, 2010 at 12:40:28 PM EST
[ Parent ]
China lets its cash speak in the Balkans | World | Deutsche Welle | 04.03.2010

Last year, Presidents Hu Jintao of China and Boris Tadic of Serbia cemented their bilateral relations and traditional friendship with a strategic partnership. Besides reaffirming their mutual respect for one another's sovereignty and territorial integrity, pledging broader, stronger and deeper ties, the two republics firmly stated their aim to promote economic cooperation and trade.

A document resulting from their partnership agreement said the two sides had expressed a readiness to "ensure continuous and steady growth of bilateral trade and gradually improve the balance of bilateral trade through development in accordance with the principle of equality, mutual benefit, reciprocity and win-win result."



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 4th, 2010 at 01:13:36 PM EST
[ Parent ]
Good for Serbia!
Everything comes with a cost...this seems not to be that expensive...
by vbo on Fri Mar 5th, 2010 at 12:51:14 AM EST
[ Parent ]
is this Serbia becoming chinas equivalent of the USA's UK in europe?

If you're not part of the solution, you're part of the precipitate.
by ceebs (ceebs (at) eurotrib (dot) com) on Fri Mar 5th, 2010 at 05:12:07 AM EST
[ Parent ]
I thought Serbia was Russia's?

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 Fri Mar 5th, 2010 at 05:14:03 AM EST
[ Parent ]
You were wrong.Serbia ( let alone Yugoslavia ) never was Russian ( as opposed to East Europe).Even "love" between Stalin and Tito did not last long ( till 1948 ).All tho we always had "brotherhood" feelings toward Russians ( which are more legends then anything of real closeness) they did not always come to help us when it was critical.They had their own interests.We have ours.
by vbo on Fri Mar 5th, 2010 at 06:14:28 AM EST
[ Parent ]
I'm not talking about Tito's Yugoslavia, I'm talking about the international alliances at the time of the Balkan wars, the respective positions on Kosovo, and things like that. Supposedly Russia was more of an advocate for Serbia's positions even if, as you say, they had their interests and you had yours.

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 Fri Mar 5th, 2010 at 07:00:54 AM EST
[ Parent ]
Russia is not only one in the world that would not recognize independence of Kosovo. And it wasn't only one that has seen Balkan wars from many different angles ( as opposed to western view).But here we are not even talking about Russia.We are talking about China that is offering cheep loans with no strings attached to many ex YU countries.This may be good for Serbia too.
by vbo on Fri Mar 5th, 2010 at 09:21:14 AM EST
[ Parent ]
Do you remember this incident?
Following the Kosovo War, from 12 to 26 June 1999 there was a brief but tense standoff between NATO and the Russian Kosovo Force (KFOR) in which Russian troops occupied the airport. After securing an agreement by which Russian forces would be integrated into peacekeeping duties, independent of NATO, Pristina Airport was reactivated as a military airport on 15 October 1999 and then started to operate international air transport to several European cities. During that period of time the Russian KFOR along with other NATO forces were in charge for security of the airport. Airport Pristina initially began its operations with 45 employees.


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 Fri Mar 5th, 2010 at 10:12:18 AM EST
[ Parent ]
Yes I remember this but it is only to say that Russians sold us Serbs (again) for their own interest and deals...they left later.

------------
Russian troops occupied the airport
------------
And NATO troops ocupied Kosovo.And they are still persisting on an ilegal proclamation of independance.
But you will not see that this way...so it's a waste of time to talk about it...
It is one thing to sand UN troops in a CIVIL war to try to make peace and totaly another thing to ilegaly bomb country and ocupay part of it's teritory, put military bases and recognize ilegal independance.

by vbo on Fri Mar 5th, 2010 at 07:50:49 PM EST
[ Parent ]
they are still persisting on an ilegal proclamation of independance.
But you will not see that this way...so it's a waste of time to talk about it...

How many times do I have to say that I disagree with Kosovo's independence and that Spain hasn't recognised it?

Do you actually pay attention to what people say?

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 Sat Mar 6th, 2010 at 03:53:35 AM EST
[ Parent ]
I do not know why I sometimes have a feeling that you are saying exactly opposite of what you want to say :( .Sorry.
And yes I get a little bit defensive when it comes to Serbs being blamed for everything "including global warming" ( sarcasm).
by vbo on Sat Mar 6th, 2010 at 08:59:35 AM EST
[ Parent ]
I wouldn't say so.As you can see if you read this article , China is stepping also in Slovenia, Croatia, Macedonia and even even Greece. They are doing smart thing.
by vbo on Fri Mar 5th, 2010 at 06:16:43 AM EST
[ Parent ]
depends how many serbs get put out of work because of artificially cheap slave laboured imports, i'd think.

"Two wrongs don't make a right, but three lefts do." Jim Hightower
by melo (melometa4(at)gmail.com) on Fri Mar 5th, 2010 at 09:06:18 AM EST
[ Parent ]
Many Serbs are out of work as we speak thanks to privatization and China did not buy much in Serbia...westerners and Russians did. There is not much of the Made in China staff in Serbia  as opposed to for example Australia where everything you touch is made in China...and Australia is not doing bad nowadays.
Labor is still cheep in Serbia...I have seen last summer that actually western products (very expensive) are everywhere in shops...not much of the domestic. Even if they import "made in China" it will only make Serbian lives easier cause that's going to be much cheaper.
Serbs do not produce very much today...excluding agriculture...unfortunately...or maybe not.
As of what we know is that China will give cheap loan to Serbia and mostly for infrastructure...
by vbo on Fri Mar 5th, 2010 at 09:33:39 AM EST
[ Parent ]
But do not get me wrong I would rather have western staff that I have seen in Belgrade in Australian shops than this China shit...it's cheap but it's of very poor quality.Good for masses.At least here in Australia everyone has a feeling that he can buy everything.
by vbo on Fri Mar 5th, 2010 at 10:13:36 AM EST
[ Parent ]
France24 - Sarkozy says state to lead French industrial renaissance

REUTERS - France will play a more hands-on role in managing its state shareholdings, President Nicolas Sarkozy said on Thursday as he unveiled policies aimed at halting the decline of French industry.  Sarkozy also said he would earmark millions of euros to encourage companies to innovate with green investment and bring jobs back to France as part of a plan to help a sector that has shed over half a million workers in the last 10 years.   "The state is going to profoundly review its role as a shareholder in the big industrial companies," he told workers at a Eurocopter factory in southern France.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 4th, 2010 at 01:20:46 PM EST
[ Parent ]
Sarkozy appears to be doing exactly what Chirac did at the same point in his Presidency, eg starting to actually champion things the public seems to support.  As usual the right-wing French leader looks like a pinko commie based on the reactions of the rest of the world.  

Does anyone think France regrets not getting involved in Iraq?  lol.

by paving on Thu Mar 4th, 2010 at 07:29:43 PM EST
[ Parent ]
More pure communications hot air from Sarko.

In the media today, forgotten tomorrow.

by afew (afew(a in a circle)eurotrib_dot_com) on Fri Mar 5th, 2010 at 01:58:26 AM EST
[ Parent ]
Cornered: Monopoly Capitalism and the Economics ofDestruction by Barry C. Lynn
From Thomas Frank's review in the WSJ:

'If monopoly persists, monopoly will always sit at the helm of the government," Woodrow Wilson once wrote. "If there are men in this country big enough to own the government of the United States, they are going to own it."

This was the great, consuming fear of the once-robust antitrust movement: that competition would be destroyed and government itself brought to heel by concentrated private power. That movement was a force to be reckoned with in the 19th and early 20th centuries, but after World War II the public's dread of bigness seemed to fade away.


From Mark Thoma's blog quoting Frank:
    ...Barry C. Lynn's recent book ... arises directly from the old antitrust tradition, and it presents us with an amazing catalogue of present-day monopolies, oligopolies and economic combinations. Its subjects are, by definition, some of the largest and most powerful organizations in the world. And yet almost none of it was familiar to me.

    Mr. Lynn tells us, for example, about the power of single companies or small groups of companies over such disparate fields as eyeglasses, certain categories of pet food, washer-dryer sales, auto parts, many aspects of food processing, surfboards, medical syringes...

....

    Mr. Lynn ... describes companies that swallow their rivals and then, with competitive pressure diminished, set about "destroying product variety and diversity." ... We learn of entire industries where competitors have grown so close to one another that a collapse at one company would probably bring down many of the others as well.

    This is, we are often reminded, a populist age, with fresh flare-ups of fury every time Wall Street bonuses hit the headlines. ...Mr. Lynn's anger at the Wall Street bailout, his fondness for small business, and his frequent homages to the nation's founders may seem superficially similar to the attitudes of the tea party protesters. But Mr. Lynn also takes pains to demonstrate that the economic "freedom" so beloved by the snake-flag set has actually yielded the opposite of freedom: a "neofeudal" system of "private corporate governments" answerable to no one.


I must say that I have noticed such phenomena in numerous areas of our economy, especially foods. I also like the descriptor "the snake-flag set". Needed work remains to be done in broadening the agenda of "the snake-flag set" to include all things that have given rise to the current corporatism, including the pivotal role of the Reagan Administration in getting this dynamic really rolling.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer at eurotrib.com) on Fri Mar 5th, 2010 at 12:05:58 AM EST
[ Parent ]
re: "the once-robust antitrust movement"

This statement ought be greeted by readers with extreme skepticism. First, its meaning is to be compared with historical events, in particular third party formations and prosecution of their constituents in the US, M&A activity, and legislative results, if any, authorizing state dissolution of combinations (pools, trusts). Second, its meaning is to be compared with the pull-quote which is morally but not historically ambiguous. Mr Wilson affirmed the obvious. He also said, in 1907, the next year in a series of financial panics and one of marked labor agitation, in a lecture at Columbia University.

Concessions obtained by financiers must be safeguarded by ministers of state, even if the sovereignty of unwilling nations be outraged in the process... the doors of the nations which are closed must be battered down. [Zinn: 362]

Third, and most important, the reader is to be alert to the legal usage and epistemologic meanings of the word "trust" and as compared to its ambiguous utility in discussions of "antitrust" political conflict between corporate entities, in particular, legitimacy of trust --or license to operate-- vested in private enterprise on the one hand versus state enterprise on the other. Ironically, Thoma approaches this topic tentatively in a preceeding post, another book review promotion, summarizing Adam Smith's intuition of a natural monopoly exemplified by the state, or if one prefers, a representative government.

In other words, evoking "the old antitrust tradition" in this post "New Age of Monopolies" more accurately expresses the political intransigence of US capitalist celebrities than it does jurisprudential and law enforcement priorities of federal agents, much less mystical competitive "forces" or popular appeals for "reform."

Finally, this statement "after World War II the public's dread of bigness seemed to fade away" is symptomatic of the ignorance that perenially plagues policy "analysts". This ignorance is blindness to political agency among and between individual firms' owners exerted in particular to indemnify their own monopolistic business practices whether from prosecution by statute or popular sanction. This ignorance is repeated in the sentiment often poured over "technical" documents into the innerboobs, "I'm here to discuss economics, not politics."

The public's dread didn't fade away. It was pulverized. 1900-1941, US federal government institutionalized "self-regulation" of incorporated entities into law. The National (Industrial) Recovery Act epitomizes the strategy to legitimize private trusts and to classify beneficiaries of proferred exemptions by industry, purportedly balanced with the state sanction of the National Labor Relations Board --a trust-- established in principle to combine unions' interests in wage arbitrage (rather than violent strikes) and Congressional patronage. Simultaneously, the state enacted prohibitions of certain competition, namely ideological, and executed, deported, or imprisoned large numbers of persons and criminalized any enterprise inimicable to national policy objectives addressed by state or corporate agents.

Then the US went to war, again. That enterprise produced 11M casualties. After which re-education of survivors proceeded apace, culminating one could argue in Mr Thoma's unfamiliarity with a history of US industry structure and practices prior to Barry Goldwater's presidential campaign.

Diversity is the key to economic and political evolution.

by Cat on Fri Mar 5th, 2010 at 10:24:44 AM EST
[ Parent ]
s/b Mr Frank's unfamiliarity

Who knows what Brad, Brad, and Mark know.

Possibly related post:

Y. Smith harvests Web 2.0 material, celebrates with N. Wolf

pfft

Diversity is the key to economic and political evolution.

by Cat on Fri Mar 5th, 2010 at 10:45:44 AM EST
[ Parent ]
This shows that some combination of Frank and Lynn did not understand the true scope of the problem, as I did not myself. There has been a massive reworking of the intellectual landscape since the '30s. I recall having to explain to newly naturalized friends who had fled Chile and Allende why they hadn't been able to find a Communist Party in which to register to vote, and why Peace and Freedom, Nader or even the Democrats might be their best alternatives.  They had overestimated the "freedom" available in "the land of the free."

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer at eurotrib.com) on Fri Mar 19th, 2010 at 05:00:59 PM EST
[ Parent ]
A.I.G., Greece, and Who's Next?

European leaders have called for an inquiry into the Greek crisis. Ben Bernanke, the Federal Reserve chairman, has told Congress that the Fed is "looking into" Wall Street's deals with Greece, and the Justice Department is investigating the euro bets. That is better than turning a blind eye, but it is not nearly enough.

The bigger problem is in America, where markets are supposed to be fair and transparent. These particular -- and particularly complicated -- instruments are traded privately among banks, their clients and other investors with virtually no regulation or oversight.

The Obama administration and Congress have been talking for a year about fixing the derivatives market. Big banks have been lobbying to block change. And the longer it takes, the weaker the proposed new rules become.

Here are some of the problems that must be fixed:

NO TRANSPARENCY <...>

LIMITED POWER TO STOP ABUSES <...>

NO STATE REGULATION, EITHER <...>

Without effective reform, the derivative-driven financial crisis in the United States that exploded in 2008, and the Greek debt crisis, circa 2010, will be mere way stations on the road to greater calamities.

[Milton Friedmanesque Economic Propaganda Site Alert]

The march of civilizations is a series of defenses that man has put up against the dread of pure existence.

by marco (cowannar at gmail punkt com) on Fri Mar 5th, 2010 at 02:38:34 AM EST
[ Parent ]


"Two wrongs don't make a right, but three lefts do." Jim Hightower
by melo (melometa4(at)gmail.com) on Fri Mar 5th, 2010 at 09:16:55 AM EST
[ Parent ]
 WORLD 


Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 4th, 2010 at 01:03:19 PM EST
France24 - Voters head to polls amid lingering fears of violence

Voters in Togo went to the polls on Thursday to vote in a presidential election that is widely viewed as a test of democracy for the tiny west African country, which is notorious for electoral violence.  Polls opened at 7 am local time on Thursday with hundreds of voters lining up at polling stations in the Togolese capital of Lomé. FRANCE 24 special correspondent Christopher Moore, reporting from a polling station in Lomé, said voting in the early hours was calm.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 4th, 2010 at 01:18:52 PM EST
[ Parent ]
France24 - Powerful aftershocks hamper post-quake aid efforts
AFP - A tsunami alert sent terrified Chileans running for coastal hills Wednesday, while a surge of troops finally brought order to the quake-hit second city of Concepcion after rampant looting.
  
Four days after giant waves swept hundreds to their death, two powerful aftershocks, with magnitudes of 5.9 and 6.0, triggered a brief new tsunami warning along the stretch of Chile's central coast worst hit on Saturday.
  
Thousands of traumatized earthquake survivors, some still trying to identify loved ones claimed by killer waves, rushed to higher ground as troops ushered them up hillsides. The alert was lifted less than 30 minutes later.


Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 4th, 2010 at 01:21:21 PM EST
[ Parent ]
France24 - Stampede at religious festival kills 63 women and children
AFP - Sixty-three people, all of them women and children, were crushed to death in a stampede on Thursday at a temple in northern India where a crowd had gathered for a religious festival.
   
The stampede was triggered when an under-construction gate collapsed on the crowd as people surged forward to collect free food and clothes from a local holy man in northern Uttar Pradesh state, police said
   
"We have now counted all the bodies and they include 37 children and 26 women who had come to collect free gifts," assistant superintendent of police S.P. Pathak told AFP by phone from the disaster site.


Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 4th, 2010 at 01:21:51 PM EST
[ Parent ]
France24 - Magnitude-6.4 quake strikes south, rattles Taipei
AFP - A powerful quake jolted southern Taiwan on Thursday, sending panicked residents fleeing from shaking buildings, toppling farm houses and derailing a carriage on a high-speed train.
   
Initial reports said at least 12 people had been injured in the 6.4-magnitude quake which the US Geological Survey said struck about 70 kilometres (about 40 miles) from the island's second-largest city Kaohsiung.
   
It was felt as far north as the capital Taipei, several hundred kilometres away.


Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 4th, 2010 at 01:23:55 PM EST
[ Parent ]
Democrats would kill healthcare over abortion | Global Industries | Health & Drugs | Reuters

WASHINGTON (Reuters) - A dozen House of Representatives Democrats opposed to abortion are willing to kill President Barack Obama's healthcare reform plan unless it satisfies their demand for language barring the procedure, Representative Bart Stupak said on Thursday.

"Yes. We're prepared to take responsibility," Stupak said on ABC's "Good Morning America" when asked if he and his 11 Democratic allies were willing to accept the consequences for bringing down healthcare reform over abortion.

"Let's face it. I want to see healthcare. But we're not going to bypass the principles of belief that we feel strongly about," he said.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 4th, 2010 at 01:30:56 PM EST
[ Parent ]
So save the life of an unborn child but don't let them have access to healthcare once they are here?

Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 4th, 2010 at 01:31:47 PM EST
[ Parent ]
The idea of doing that  is morally incompetent.

If you're not part of the solution, you're part of the precipitate.
by ceebs (ceebs (at) eurotrib (dot) com) on Thu Mar 4th, 2010 at 04:18:46 PM EST
[ Parent ]
He can say what he likes; in this regard he is no more truthful than Orrin Hatch's WaPo article (in which he lied and lied and lied).

If he is resistant to effective healthcare for 50% of the population, then actually he is against it completely. His idiot superstitions and bigotries may blind him to the logic of that, but that is what he is. You cannot have effective healthcare for women and exclude abortion. forget self-determination or citizen's rights, abortion is a healthcare issue. So if he is only for proper healthcare for men, then he is not for healthcare reform.

He is a liar, a bigot and a superstitious fool.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Thu Mar 4th, 2010 at 05:02:03 PM EST
[ Parent ]
Oh, don't waste your breath arguing with these people.  Simply call them out, "That's ridiculous, prove it." and then hit them over the head with it.

I'd LOVE to see the bill pass the senate and then have trouble in the house because of these dipshits.  it's just the kind of victory the pro-choice crowd needs.  

by paving on Thu Mar 4th, 2010 at 07:37:44 PM EST
[ Parent ]
BBC News - US Congress panel accuses Turkey of Armenian 'genocide'

A US congressional panel has described the killing of Armenians by Turkish forces during World War I as genocide, despite White House objections.

The resolution was narrowly approved by the House Foreign Affairs Committee.

The administration had warned the panel that the vote would harm reconciliation talks between Turkey and Armenia.

It is unclear whether the non-binding resolution will now go forward to the full House but it is fiercely opposed by Turkey, a key ally of the US.



If you're not part of the solution, you're part of the precipitate.
by ceebs (ceebs (at) eurotrib (dot) com) on Thu Mar 4th, 2010 at 04:16:59 PM EST
[ Parent ]
how novel. I have a nagging voice in my head this has happened before, but I may be mistaken.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Thu Mar 4th, 2010 at 05:03:40 PM EST
[ Parent ]
David Cameron raising funds for US Republicans | Richard Adams | World news | guardian.co.uk

Is David Cameron preparing to help out his Republican party allies from the comfort of No 10 Downing Street? That's the implication of a clue in an internal Republican party strategy document leaked to the media.

The document - found in a hotel room after a Republican party meeting and passed to Politico - is a collection of PowerPoint slides showing fundraising events organised by the Republicans. Under "3rd quarter events" for September this year, it includes the entry: "9/17 Young Eagles London trip - Meeting with David Cameron - $80,000".

The "Young Eagles" is an invitation-only group of Republican donors under the age of 45, who each pay several thousand dollars a year for the right to attend special party events and get VIP treatment. The $80,000 (£53,000) figure is the profit the Republican National Committee plans to make from the event for the party's coffers.



If you're not part of the solution, you're part of the precipitate.
by ceebs (ceebs (at) eurotrib (dot) com) on Thu Mar 4th, 2010 at 09:49:01 PM EST
[ Parent ]
A familiar face is once more casting its sinister shadow upon the streets of Poznan, Poland. In the run-up to International Women's Day next Monday, none other than Adolf Hitler personally has been drafted from beyond the grave as a Polish anti-abortion campaign's new poster child.

The 200 square meter poster, which has so far appeared only in this western Polish city of half a million residents, depicts the Führer's brooding countenance and clipped mustache alongside graphic photos of aborted fetuses. "Abortion was introduced for Polish women by Hitler on March 9, 1943," it reads.

Read more...

This month, the group expanded its reach, making national news with 80 billboards around Atlanta that proclaim, "Black children are an endangered species [sic]," and a Web site, www.toomanyaborted.com.

Across the country, the anti-abortion movement, long viewed as almost exclusively white and Republican, is turning its attention to African-Americans and encouraging black abortion opponents across the country to become more active.

A new documentary, written and directed by Mark Crutcher, a white abortion opponent in Denton, Tex., meticulously traces what it says are connections among slavery, Nazi-style eugenics, birth control and abortion, and is being regularly screened by black organizations.

Read more...



Diversity is the key to economic and political evolution.
by Cat on Sat Mar 6th, 2010 at 08:42:19 AM EST
[ Parent ]
by In Wales (inwales aaat eurotrib.com) on Thu Mar 4th, 2010 at 01:03:37 PM EST
EUobserver
European Parliament president Jerzy Buzek is opposed to genetically-modified foods but admits the battle can not be won. In Sofia he said: "I am, generally speaking, against because we don't know what will be the long-term effect of it" adding: "We cannot win this battle, so I am not fighting."


Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 4th, 2010 at 01:10:02 PM EST
[ Parent ]
what a surprise, i thought presidents were supposed to roll over for corporations.

bulldozer, meet ants.

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

by melo (melometa4(at)gmail.com) on Fri Mar 5th, 2010 at 09:19:14 AM EST
[ Parent ]
Glacier melting a key clue to tracking climate change | Green Business | Reuters

SINGAPORE/ANCHORAGE (Reuters) - The world has become far too hot for the aptly named Exit Glacier in Alaska.

Like many low-altitude glaciers, it's steadily melting, shrinking two miles over the past 200 years as it tries to strike a new balance with rising temperatures.

At the Kenai Fjords National Park south of Anchorage, managers have learned to follow the Exit and other glaciers, moving signs and paths to accommodate the ephemeral rivers of blue and white ice as they retreat up deeply carved valleys.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 4th, 2010 at 01:29:49 PM EST
[ Parent ]
Study Says Undersea Release of Methane Is Under Way - NYTimes.com

Climate scientists have long warned that global warming could unlock vast stores of the greenhouse gas methane that are frozen into the Arctic permafrost, setting off potentially significant increases in global warming.

Now researchers at the University of Alaska, Fairbanks, and elsewhere say this change is under way in a little-studied area under the sea, the East Siberian Arctic Shelf, west of the Bering Strait.

Natalia Shakhova, a scientist at the university and a leader of the study, said it was too soon to say whether the findings suggest that a dangerous release of methane looms. In a telephone news conference, she said researchers were only beginning to track the movement of this methane into the atmosphere as the undersea permafrost that traps it degrades.



If you're not part of the solution, you're part of the precipitate.
by ceebs (ceebs (at) eurotrib (dot) com) on Thu Mar 4th, 2010 at 09:49:49 PM EST
[ Parent ]
by In Wales (inwales aaat eurotrib.com) on Thu Mar 4th, 2010 at 01:03:54 PM EST
Saudi women sick of being forced to buy underwear from men | The Observers

Almost the entirety of Saudi Arabia's sales positions are held by men, making shopping for underwear a somewhat uncomfortable experience for women. In an attempt to reverse the trend, a group of exasperated Saudis tried to take control of the lingerie business. Did they succeed?

On February 13, a financial analyst and blogger from Jeddah, Reem Asaad, launched a campaign called "No to underwear salesMEN in Saudi Arabia". She called on shoppers to boycott lingerie shops across the country until the government agreed to enforce a law which allows women to work in the shops (Article 8 of decree N120).

The law, put forward by the left-leaning current labour minister, Ghazi al-Qusaibi, was passed in 2006. It specified that all lingerie salesmen should be replaced by saleswomen within a year. But faced with pressure from Saudi clerics and conservative forces opposed to women mixing with men in the workplace, the majority of shops ignored the new law.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 4th, 2010 at 01:19:49 PM EST
[ Parent ]
Republicans embarrassed by 'evil empire' Obama smear | Richard Adams | World news | guardian.co.uk

The Republican party's national organising committee was furiously backpedalling after an embarrassing document lampooning Barack Obama and other Democratic leaders as 'evil' was found in a hotel room.

The PowerPoint document, reported by the Washington news website Politico, was delivered by the Republican National Committee's head of fundraising to a closed meeting of select party officials and major donors held in Boca Grande, Florida, last month.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 4th, 2010 at 01:32:54 PM EST
[ Parent ]
US facing surge in rightwing extremist and militia groups | World news | guardian.co.uk

The US is facing a surge in anti-government extremist groups and armed militias, driven by deepening hostility on the right to Barack Obama, anger over the economy, and the increasing propagation of conspiracy theories by parts of the mass media such as Fox News.

The Southern Poverty Law Centre, the US's most prominent civil rights group focused on hate organisations, said in a report that extremist "patriot" groups "came roaring back to life" last year as their number jumped nearly 250% to more than 500 with deepening ties to conservative mainstream politics.

The SPLC report, called Rage on the Right, said the rise in extremist groups was "a cause for grave concern" given their propensity to use violence during their heyday in the 90s, most notably with the Oklahoma City bombing that killed 168 people. It added that the issues driving support for such groups were increasingly populist and that "signs of growing radicalisation are everywhere".



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 4th, 2010 at 01:35:58 PM EST
[ Parent ]
The violence began when police tried to turn them away. No serious injuries were reported. The school was among dozens of nationwide campuses hit with marches, strikes, teach-ins and walkouts in what was being billed as the March 4th National Day of Action for Public Education....

Protesters at the University of California, Santa Cruz surrounded the car while its uninjured driver was inside. Earlier, demonstrators blocked campus gates....

At the University of California, Berkeley, a small group of protesters formed a human chain blocking a main gate to the campus. Later in the day, hundreds gathered for a peaceful rally....

At the University of Illinois, about 200 professors, instructors and graduate faculty marched through campus carrying signs that read "Defend Public Education" and "Furlough Legislators" -- a reference to recent furloughs and 4 percent pay cuts imposed on thousands of university employees....

At the University of Texas at Austin, about 100 students and staff rallied on campus to protest a 5.4 percent hike in tuition and fees approved by regents a day earlier. Protesters complained the quality of education was taking a backseat to the university's bottom line....

Read more...

Students also spoke out against a proposal to make PSU and other state universities more autonomous public corporations similar to Oregon Health & Science University. The State Board of Higher Education is studying the idea. Students fear such restructuring would lead to higher tuition and less access.

Read more...

There were conflicting reports about what happened in Milwaukee. A campus official said students defied police orders by rushing toward the school's administrative building, pinning officers against a wall and knocking four of them down. A student organizer countered that the protesters were peaceful and claimed police used excessive authority. By several accounts, the protest began when 125 to 150 people gathered at the student union at noon, carrying signs and chanting in favor of tuition controls.

Read more...

Participation rate across the US looks weak. News coverage concentrated in California, where 2,000 massed at Sacramento capitol building.

Diversity is the key to economic and political evolution.

by Cat on Fri Mar 5th, 2010 at 01:12:59 PM EST
[ Parent ]
I suspect the participants are mostly from the semi-pro student/post-student activist class present in small to middling numbers on most campuses.  I have a very poor opinion of the political sentiments of most college youths, dating to my experience in labor organizing and teaching at a big public school.

Too many young people are too careerist, and too scared of a future of unemployment and downward mobility, to seriously protest much of anything.

by Zwackus on Fri Mar 5th, 2010 at 08:24:49 PM EST
[ Parent ]
James Bulger killer: Gordon Brown defends refusal to reveal new offence | UK news | guardian.co.uk

The prime minister, Gordon Brown, today defended the government's refusal to disclose why Jon Venables, who was convicted at the age of 10 of the murder of two-year-old James Bulger, has been sent back to prison for unspecified breaches of the conditions of his release on a life licence.

Brown said he understood "public outrage" but insisted it was impossible for the specific details of the breach to be revealed.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 4th, 2010 at 01:35:00 PM EST
[ Parent ]
What does he "understand" about this public "outrage" ?

Why are adult murderers of children given a pass in the media ? People who are supposedly in full control of their motivations and fully cognisant of what they are doing and the effect it will have ? Yet, with the exception of the moors murderers 50 years ago nobody has aroused the same hatred as two 10 year old boys who killed.

Does Brown understand the motivations of people who can hate children who kill more than adults who do the same or worse ?  Does he understand how the UK criminalises children at a younger age than any of our more civilised neighbours. europe is aghast that we tried two 10 year old boys in an adult court for an adult crime and punished them as if they were as understanding of what they had done as any 20 or 30 year old contract killer.

What they did was barbarous. But they were children and did not really understand. What we did to them in turn was barbarous and we're supposed to know better.

And the public, with its foaming lynch mob mentality, is easily press-ganged by media moguls into viewing another candidate for the Goldstein two-minute hate as the be-all and end-all of those who are vermin to be attacked on sight. It's exactly the same as Germany in 32.

As John Cooper-Clarke wrote

"The people pay, the paper sells
its plug-ugly sub-animal yells"

there is an interesting story to tell about why the public are more outraged about children who kill. why such stories strike deep into the psyche, of lost innocence, of threatened childhood. But you will not find it today in the newspapers. Just shrill calls for some chink in officialdom's armour so that the baying mobs can break through with pitchforks and flaming torches to rend the monster limb from limb.


keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Thu Mar 4th, 2010 at 05:23:01 PM EST
[ Parent ]
Sorry, I allowed myself to go over the top with the godwin reference. But there is a similarity in the way the media whip up hatred and outrage.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Thu Mar 4th, 2010 at 05:32:28 PM EST
[ Parent ]
Actually when I saw this quote I was reminded of an article that was in the Guardian, I think yesterday which was discussing how children are demonised in the media.  It was a very intelligent discussion of how off the mark the public response to this is.

It was extremely interesting and written by a woman who has been researching this for some time to write a book on it - not specifically about these two but how the demonisation of children now stems back to the impact that this case had at the time.  These is also another article in today's G2 on the topic.  Don't have time to search for it.

Of course Gordon Brown has to say he 'understands' the outrage. If he told people to stop hyperventilating en masse in another moral panic and to fuck off and mind their own business, there'd be further outrage against him for protecting henious devil boys.

Ad astra per aspera

by In Wales (inwales aaat eurotrib.com) on Thu Mar 4th, 2010 at 05:32:36 PM EST
[ Parent ]
Yes, I guess it's not Gordon's fault that he has to respond to such populism. That was more a rant about the general public view of this, which disgusts me.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Fri Mar 5th, 2010 at 06:04:06 AM EST
[ Parent ]
Handsome Chinese vagrant draws fans of 'homeless chic' - Asia, World - The Independent

The photograph shows a starkly handsome Chinese man walking with a model's measured gait, and wearing a rag-tag but well co-ordinated overcoat on top of a leather jacket. His eyes peer into the middle distance, in what one fan described as "a deep and penetrating way", and he strides confidently forward.

But this is no catwalk model. This is a homeless man in the city of Ningbo. And now a band of web followers are calling him the coolest man in China.

His good looks and bohemian dress sense have won him thousands of online fans after a resident of Ningbo posted a picture online. Web users in China have called him the "Beggar Prince", the "Handsome Vagabond", and, most often, "Brother Sharp".



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 4th, 2010 at 01:43:02 PM EST
[ Parent ]
vomit
by paving on Thu Mar 4th, 2010 at 07:41:59 PM EST
[ Parent ]
A Chinese Emperor Norton I?

If you're not part of the solution, you're part of the precipitate.
by ceebs (ceebs (at) eurotrib (dot) com) on Thu Mar 4th, 2010 at 09:31:26 PM EST
[ Parent ]
shabby chic rulz.

"Two wrongs don't make a right, but three lefts do." Jim Hightower
by melo (melometa4(at)gmail.com) on Fri Mar 5th, 2010 at 09:05:26 AM EST
[ Parent ]
Times - Matthew Parris - America is not our friend when it comes to the Falklands

Odd how, when you want to believe someone is your staunch friend, you keep screening out evidence to the contrary. So it is with our special relationship with America. They're just not that into us.

Why do we find it so hard to see this? All this week I've been reading alarmed commentary about the United States "wavering" in its support on the Falklands. Wavering? Not a bit of it. America has never backed Britain's territorial claim.
[....]
"Only Mitterrand and the French remained staunch allies to the end."



keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Thu Mar 4th, 2010 at 05:29:44 PM EST
[ Parent ]
The Examiner: Baltic Sea ice strands thousands of ferry passengers
Thousands of passengers reportedly are stuck along with the ships ferrying them in Baltic Sea ice between Stockholm and the Aland Islands, located between Sweden and Finland. Both countries have sent icebreakers to rescue the ships in what is being called the worst Baltic freeze in 15 years.

Four ferries of the Viking Line, which routinely carries passengers between Sweden and Finland, are among the ships stuck in the ice, according to Swedish maritime authorities. Cargo vessels also have been affected, with up to 50 ships reportedly trapped.

Officials blame windy conditions in the Baltic for creating conditions conducive to ice quickly surrounding surprised vessels.



En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Thu Mar 4th, 2010 at 05:57:56 PM EST
[ Parent ]
A Failed System - Monthly Review

From an ecological perspective, of course, this system of growth at any cost, synonymous with capitalism, places the world economy in direct conflict with environmental sustainability. China's rapid growth in recent decades has also led to record rates of environmental degradation on its part. China is now close to the United States in annual carbon dioxide emissions, though far below the latter in emissions per capita. Yet, despite the seriousness of this contradiction between the capitalist economy and the planet, establishment economists generally argue against any major attempt to avert climate change, i.e., to bailout nature. At the same time they do not hesitate to advocate spending trillions of dollars to bailout banks. President-elect Obama's chief economic advisor, Larry Summers, is notorious for his anti-environmental diatribes. He has said, on more than one occasion, that it makes as much economic sense in terms of future welfare to spend on various non-environmental factors--for example, to rebuild infrastructure (roads, bridges, etc.)--as to seek to preserve the environment, say, tropical forests. In addressing the global warming problem, Summers naively stated in 1992, that under "the most pessimistic estimates yet prepared...global warming reduces growth over the next two centuries by less than 0.1 percent a year."39 Yet, under the most pessimistic estimates of climatologists at that time--now proving accurate--global warming under business as usual threatened both life on the planet and human civilization itself. Indeed, nothing is more deranged than the notion of Summers and other orthodox economists that the planet as we know it can be destroyed, while the capitalist economy can continue as before.

Ironically, the current slowdown of the capitalist economy may help temporarily to check some of the increasing burden on the biosphere, by reducing the rate of growth of the overall consumption of energy and materials. However, the usual response to economic crisis within capitalism is to remove protections previously applied to workers and the environment. Hence, the economic decline is likely to result in more intensive forms of ecological exploitation.



"Two wrongs don't make a right, but three lefts do." Jim Hightower
by melo (melometa4(at)gmail.com) on Fri Mar 5th, 2010 at 03:37:53 AM EST
[ Parent ]
 PEOPLE AND KLATSCH 


Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 4th, 2010 at 01:04:24 PM EST
Sarah Palin to pen book on American values | Entertainment | Reuters

NEW YORK (Reuters) - Former Republican vice presidential candidate Sarah Palin will come out with a new book that is a "celebration of American virtues and strengths," publisher HarperCollins announced on Thursday.

The as-yet untitled book by Palin, widely considered to be weighing a run for U.S. president, will feature selections of readings that have inspired her and portraits of people she admires, the publisher said.

"She will also draw from her personal experience to amplify these timely (and timeless) themes," HarperCollins said in a statement.

Palin's first book, "Going Rogue," has sold more than 2.2 million copies, HarperCollins said.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 4th, 2010 at 01:29:20 PM EST
[ Parent ]
I love Philémon and all Fred's cartoons...

See also this

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

by Melanchthon on Thu Mar 4th, 2010 at 08:17:41 PM EST
[ Parent ]


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