European Salon de News, Discussion et Klatsch - 9 February

by Fran
Mon Feb 8th, 2010 at 04:06:05 PM EST

 A Daily Review Of International Online Media 


Europeans on this date in history:

1923 – Birth of Brendan Behan, an Irish poet, short story writer, novelist, and playwright who wrote in both Irish and English.(d. 1964)

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by nanne (zwaerdenmaecker@gmail.com) on Mon Feb 8th, 2010 at 11:54:38 AM EST
EUobserver: EU endorses Ukraine election result
EU foreign relations chief Catherine Ashton has congratulated Ukraine on holding free and fair elections, in remarks that will make it harder for the losing side to contest the result.

"The generally calm atmosphere in which the elections were conducted, the open campaign in the media and the fact that the electorate were provided with a genuine choice represent important achievements in Ukraine's democratic development," Ms Ashton said on Monday (8 February).

Her statement came at a sensitive time, as Prime Minister Yulia Tymoshenko, who lost Sunday's poll by a narrow margin of around 3 percent, pondered her next move.

by nanne (zwaerdenmaecker@gmail.com) on Mon Feb 8th, 2010 at 12:05:26 PM EST
[ Parent ]
Tymoshenko refuses to concede defeat in bitter Ukraine elections - Times Online

The battle for the presidency of Ukraine continued to hang in the balance today as Viktor Yanukovych edged closer to victory and his bitter rival Yuliya Tymoshenko refused to concede defeat.

Mr Yanukovych's lead over Ms Tymoshenko shrank to 2.4 percentage points this morning with 96 per cent of votes counted. Support for him was 48.39 per cent compared to 46 per cent for Ms Tymoshenko.

An official at the Central Election Commission (CEC) in Kiev predicted that Mr Yanukovych would remain the winner because the votes still to be counted came from his strongholds in the south and east. Analysts said that the narrowness of the victory would encourage Ms Tymoshenko to challenge the result.

In a sign of the tensions, Ms Tymoshenko postponed a press conference at which she was expected to set out her next steps while thousands of Mr Yanukovych's supporters demonstrated near the election commission headquarters in support of their candidate.

[Murdoch Alert]
by Fran (fran at eurotrib dot com) on Mon Feb 8th, 2010 at 02:38:20 PM EST
[ Parent ]
Reuters (Luke Blaker): Cometh the hour, cometh Van Rompuy?
Three months ago, Herman van Rompuy might have struggled to be recognised on the streets of his native Belgium, let alone Paris or London. The bookish former prime minister, a fan of camping holidays and Haiku poetry, was nothing if not low-key; a studious consensus builder in the world of Belgian politics.

Three months on and Van Rompuy, 62, may not outwardly have changed much, but his title and the expectations surrounding him certainly have. In November he was chosen to be the first permanent president of the European Council, the body that represents the EU's 27 leaders, and on Thursday he will host those heads of state and government at an economic summit in Brussels -- the first such gathering he has chaired.

With Greece under extreme pressure with its mounting deficit and debt problems, and Portugal, Spain and Italy threatening to go the same way, the summit comes at a critical time. It is perhaps the most serious test of Europe's monetary union since the euro single currency was introduced 11 years ago.

by nanne (zwaerdenmaecker@gmail.com) on Mon Feb 8th, 2010 at 12:16:56 PM EST
[ Parent ]
Bloomberg: Greece Not Named as New EU President Sets Tone for Summit
A European Union  summit this week will focus on long-term economic strategy, President Herman Van Rompuy said, making no direct reference to Greece's fiscal crisis.

The Feb. 11 summit, the first since Van Rompuy became the bloc's full-time president in January, will also discuss "some aspects of the present economic situation," according to a letter sent to EU leaders today.

by nanne (zwaerdenmaecker@gmail.com) on Mon Feb 8th, 2010 at 12:50:33 PM EST
[ Parent ]
EurActiv: Call for EU 'embassies' to support business
Europe's new External Action Service (EEAS) could serve as a first port-of-call for small businesses looking to gain a foothold in foreign markets, according to Europe's main business lobby group.

SMEs face particular challenges in emerging markets like China, where protectionism and intellectual property rights pose major problems, says Adrian van den Hoven, director of international relations at BusinessEurope.

BusinessEurope has highlighted growing trade tensions between Europe and China in a series of letters to the EU executive, but van den Hoven believes the Lisbon Treaty provides scope for Brussels to provide advice and direct protection for companies operating overseas.

by nanne (zwaerdenmaecker@gmail.com) on Mon Feb 8th, 2010 at 12:19:30 PM EST
[ Parent ]
SPIEGEL: US Urges European Parliament to Back Data Deal
As the European Parliament prepares to flex its muscles in the vote on the SWIFT data deal, the US is trying to convince the Europeans of the importance of sharing bank transfer information. US officials say the EU and Germany have already benefited from the SWIFT reports in fighting terrorism.

The United States is upping the pressure ahead of a vote in the European Parliament later this week on an agreement that would continue to allow US terror investigators access to bank transfer data. Washington is warning the European Union and Germany that there could be serious diplomatic consequences, as well as security gaps, if the so-called SWIFT agreement gets overturned on Thursday.

The Society for Worldwide Interbank Financial Transactions, the company that conducts the majority of the world's banking transfers, recently moved its servers from the US to Europe, raising concern among Washington's terrorism investigators that they may lose access to data on cross border financial transactions.

by nanne (zwaerdenmaecker@gmail.com) on Mon Feb 8th, 2010 at 12:25:33 PM EST
[ Parent ]
EUobserver / US links EU security partnership to bank data deal

EUOBSERVER / BRUSSELS - US national security advisor James Jones on Saturday (6 February) reassured Europe that the transatlantic partnership continues to be strong, but underlined the need for the European Parliament to allow American investigators to access EU banking data to track terrorism funding.

US national security advisor James Jones (l) and Russian foreign minister Sergei Lavrov (m)

"It has become fashionable in some quarters to suggest that the United States has somehow neglected the trans-Atlantic partnership. But ...Europe today is our indispensable partner," Mr Jones said at the Munich security conference, a yearly forum for high-level officials to air their views on international security and defence matters.

He indicated that there were some potential glitches in the relationship. He mentioned a crucial vote due in the European Parliament this Thursday (11 February), which could derail an existing agreement allowing the US to track intra-European banking transactions in the search for terrorism funding.

by Fran (fran at eurotrib dot com) on Mon Feb 8th, 2010 at 02:24:41 PM EST
[ Parent ]
NRC: 341,956 of blank EU travel documents in criminal hands
A classified Dutch government report has revealed that criminals stole 341,956 passports, identity cards, visa stickers and drivers' licences from European government facilities since 2000.
by nanne (zwaerdenmaecker@gmail.com) on Mon Feb 8th, 2010 at 12:35:31 PM EST
[ Parent ]
Euronews: Barroso II: European parliament to vote on new EC team
The new European Commission officially takes office next week if, as expected all the fresh appointments are approved by the European Parliament on Tuesday.

Former Portuguese prime minister Jose Manuel Barroso is due to take the reins for a second term.

by nanne (zwaerdenmaecker@gmail.com) on Mon Feb 8th, 2010 at 01:17:38 PM EST
[ Parent ]
EUobserver / Russia in stand-by mode over US missile plans in Romania

EUOBSERVER / BRUSSELS - Moscow is "concerned" and expects "proper explanations" on US plans to deploy anti-ballistic missile defence systems in Romania, but it is still interested in contributing to a "common assessment" of threats with Europe and the US, Russia's envoy to Brussels told this website.

Anti-ballistic missiles are not aimed against Russia, says the US

"We took note of President Basescu's statement on his agreement to host those elements. This is a serious issue which we'll be analysing when we receive all the details regarding what exact equipment is meant to be deployed there," Mr Chizhov said in a phone interview on Monday (8 February).

Last Thursday, Romanian President Traian Basescu announced that his country had accepted an invitation by the Obama administration to host land-based anti-ballistic missiles as part of US plans to defend Europe against Iranian and other regional threat

by Fran (fran at eurotrib dot com) on Mon Feb 8th, 2010 at 02:15:39 PM EST
[ Parent ]
France24 - PM hands 'national identity' debate over to committee

Prime Minister François Fillon (left) said an "experts committee" would take over the debate on French national identity, bringing an end to months of public debate on the tricky and divisive issue.

Wrapping up months of public debate on the sticky issue of French national identity at a specially convened cabinet meeting Monday, French Prime Minister François Fillon announced a set of initiatives aimed at "deepening" the discussion on what it means to be French.  Speaking to reporters at the prime minister's office, the Matignon, in Paris after a two-hour meeting Monday, Fillon said he would recommend the creation of a civic guide for young people and more civics education in schools.   Flanked by French Immigration Minister Eric Besson, who initiated the debate, and Education Minister Luc Chatel, Fillon also proposed the formation of an "experts committe" -- made up of politicians and historians -- to continue pondering an issue that has divided public opinion in France.

by Fran (fran at eurotrib dot com) on Mon Feb 8th, 2010 at 02:29:25 PM EST
[ Parent ]
Le triomphe de la diversité - Metro (Mis à jour 07-02-2010 23:38)The Triumph of Diversity - Metro (Updated 2010 February 7 23:38)
Selon le sondage de Metro, 77% des Français apprécient la diversité des origines et des cultures.According to a poll by Metro, 77% of French value diversity in ethnic origins and in cultures.
Alors que le débat sur l'iden­tité nationale, rythmé par les polémiques, s'est cristallisé autour de l'immigration et de l'islam, un sondage réalisé par TNS-Sofres pour l'association "Equi­ty Lab" et "Metro" montre que les Français sont loin de se crisper sur ces questions : une écrasante majorité d'entre eux (77 %) juge que la diversité des cultures et des origines est une bonne chose.While the debate on national identity, drummed on with controversies, has congealed around immigration and Islam, a poll carried out by Metro and TNS-Sofres for the organization Equity Lab shows that the French are far from struggling over these questions: a crushing majority of them (77%) believe that diversity of cultures and ethnic origins is a good thing.
L'idée selon laquelle "les personnes d'origine étrangère qui vivent en France devraient renoncer à leur culture d'origine pour adopter la culture française" est d'autre part rejetée en bloc (à 71 %), tandis que 54 % des sondés déclarent ne pas être gênés par l'idée d'avoir une collègue musulmane qui porterait le foulard.
Partenariat
Equity Lab est une association travaillant à l'émergence de nouvelles problématiques sur les questions de diversité et d'action positive. www.equity.lab.fr
The idea according to which "people of foreign origin who live in France should renounce their culture of origin to adopt the French culture" is also rejected outright (at 71%), while 54% of those polled said they were not bothered by the idea of having a Muslim colleague who wore a headscarf [presumably, a so-called Muslim one].
Partnership
Equity Lab is an organization that deals with the emergence of new issues on questions of diversity and positive action. www.equity.lab.fr
"Les Français, qui ont compris qu'ils vivaient dans une société multiculturelle, sont plus mûrs et plus apaisés que leurs élites sur ce qu'est la France d'aujourd'hui, analyse Laurence Méhaignerie, présidente d'Equity Lab. Le débat sur l'identité nationale a donné le sentiment qu'il n'y avait qu'une seule façon d'être français, mais cette enquête montre que l'opinion a une vision beaucoup moins figée du pacte républicain que celle exprimée par la classe politique"."The French, who have understood that they live in a multicultural society, are calmer and more mature than their elites about what France is today," weighs in Laurence Méhaignerie, president of Equity Lab. "The debate on national identity gave the feeling that there was only one way to be French, but this survey shows that public opinion has a vision of the republican pact that is much less frozen than that expressed by the political class."
A l'heure des polémiques sur la burqa, les responsables politiques sont d'ailleurs prévenus : 64% des Français estiment qu'ils "dramatisent toujours les questions de religion".
During this hour of controversy about the burqa, politicians should take heed: 64% of French judge that they "still/always dramatize questions of religion".
Méthodologie
Enquête Equity Lac-TNS Sofres réalisée auprès d'un échantillon de 1.060 personnes, représentatif de la population française âgée de 15 ans et plus, interrogé en face-à-face et à domicile, entre le 29 janvier et le 3 février, et constitué selon la méthode des quotas après stratification géographique.
Méthodologie
The Equity Labs-TNS Sofres survey carried out on 1060 people, representing French population aged 15 and older, polled face to face and at home, between January 29 and February 3, and selected according to the quota method after a geographic stratification [?].

La diversité des origines et des cultures de la population française est-elle pour vous ... ?

The diversity of ethnic origins and cultures in the French population is for you...?

Une bonne chose / A good thing
Une mauvaise chose / A bad thing
Sans opinion / No opinion

Les personnes d'origine étrangère qui vivent en France devraient renoncer à leur culture d'origine pour adopter la culture française... Etes-vous d'accord ou pas avec cette opinion ?

People of foreign origin who live in France should renounce their culture of origin to adopt French culture... Do you agree or not with this opinion?

D'accord / Agree
Pas d'accord / Don't agree
Sans opinion / No opinion

En France, tout le monde a des chances de réussir quelle que soit la couleur de sa peau... Etes-vous d'accord ou pas avec cette opinion ?

In France, everybody has chances to succeed whatever the color of their skin...  Do you agree or disagree with this opinion?

D'accord / Agree
Pas d'accord / Don't agree
Sans opinion / No opinion

And from the Equity Lab press release, a point not mentioned in the Metro article wherein multiculturalisme meets laïcité:

SONDAGE EQUITY LAB / TNS SOFRES | Equity Lab (COMMUNIQUE DE PRESSE - 07/02/2010)EQUITY LAB / TNS SOFRES SURVEY | Equity Lab (PRESS RELEASE - 2010 February 7)
Paradoxalement, l'idée de pouvoir choisir ses congés en fonction des différentes fêtes religieuses est largement repoussée.Paradoxically, the idea of being able to choose one's vacations based on different religious holidays is largely rejected.


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 Tue Feb 9th, 2010 at 04:04:52 AM EST
[ Parent ]
In England, multiculturalism has been extensively described as a gift to be embraced rather than a problem to be solved! And this is the result of 12 years of Labour power!

Whilst there is nothing wrong with this kind of attitude - on the contrary, it is highly commendable, some people have voiced their concern that celebrating multiculturalism has been the Government's way of blunting nationalist aspirations, banishing those to the history books and reassuring they will never resurface again. Curiously enough, I was first acquainted with this view while reading an article, posted by an immigrant living in Leicestershire! This is the link: http://conservativehome.blogs.com/platform/2010/02/leon-hadjinikolaou-why-i-as-an-immigrant-hate-the -way-labour-has-used-multiculturalism-to-undermine-.html

The author does make some valid points. For example, when he talks about Culture A and Culture B and how it sounds insane asking people of culture A (if they form 90% of the population of a given country) to stop practising their culture and way of life just so representatives of culture B do not feel alienated, uncomfortable and not fitting into the picture.

by hitchhiker on Tue Feb 9th, 2010 at 07:12:31 AM EST
[ Parent ]
ConservativeHome's Platform: Leon Hadjinikolaou: Why I, as an immigrant, hate the way Labour has used multiculturalism to undermine the British national culture
Multiculturalists, however, advocate that the culture A must stop practising their culture in order not to make culture B feel uncomfortable.

I do not agree with this description of multiculturalism.  What multiculturalists have advocated such a position?  Can you provide any specific examples that would illustrate Mr. Hadjinikolaou's premise?

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 Tue Feb 9th, 2010 at 07:41:47 AM EST
[ Parent ]
From the same article
Let's have a look on some examples of peaceful immigration.

Between 1880 and 1900 there was a significant movement of Jews from Eastern Europe to Ottoman Syria and the United States.

Between 1840 and 1900, a large number of Germans emigrated to the United States. Today there are approximately 50,000,000 German-Americans.

In 1820 a large number of Irish migrated to the United States for purely economic reasons, well before the Famine. A second wave of Irish immigration happened during the Great Irish Famine in 1845. Today more than 35,000,000 Americans trace their ancestry to Ireland.

As far as we can see, there was no big fuss about these waves of immigration.

Is there any reason to discuss this article further?
by gk (g k quattro due due sette "at" gmail.com) on Tue Feb 9th, 2010 at 07:55:47 AM EST
[ Parent ]
No big fuss, unless you count the institutionalised anti-semitism in the US before WWII, and earlier.
by ThatBritGuy (thatbritguy (at) googlemail.com) on Tue Feb 9th, 2010 at 08:08:22 AM EST
[ Parent ]
Between 1880 and 1900 there was a significant movement of Jews from Eastern Europe to Ottoman Syria

I.e., Palestine. No big fuss?

by gk (g k quattro due due sette "at" gmail.com) on Tue Feb 9th, 2010 at 08:10:32 AM EST
[ Parent ]
No big fuss unless you're Native American, either.
by afew (afew(a in a circle)eurotrib_dot_com) on Tue Feb 9th, 2010 at 09:32:33 AM EST
[ Parent ]
Or hispanic. Or of African ancestry.
by ThatBritGuy (thatbritguy (at) googlemail.com) on Tue Feb 9th, 2010 at 10:22:06 AM EST
[ Parent ]
Between 1840 and 1900, a large number of Germans emigrated to the United States. Today there are approximately 50,000,000 German-Americans.

Cough!

And I'll give my consent to any government that does not deny a man a living wage-Billy Bragg

by ManfromMiddletown (manfrommiddletown at lycos dot com) on Tue Feb 9th, 2010 at 10:36:42 AM EST
[ Parent ]
Yeah, except he's talking utter nonsense that relates mainly to the universe in his head.

The key problem with multi-culturalism is that it classifies people by nebulous ideas of "culture". It's divide and conquer by skin colour and where your ancestors came from.

For example, when he talks about Culture A and Culture B and how it sounds insane asking people of culture A

It does sound insane. In fact, it's so insane that I've never seen anyone suggest doing it except for those busy constructing strawmen.
by Colman (colman at eurotrib.com) on Tue Feb 9th, 2010 at 09:26:16 AM EST
[ Parent ]
Fran:
pondering an issue that has divided public opinion in France

Nuts. The whole "identity debate" was a transparent fake from the start.

It is now being turned over to a commission, in other words, a burial party.

by afew (afew(a in a circle)eurotrib_dot_com) on Tue Feb 9th, 2010 at 05:02:25 AM EST
[ Parent ]
Russia Appoints New Leader in Dagestan - NYTimes.com

MOSCOW -- President Dmitri A. Medvedev on Monday made one of the most complex regional appointments of his presidency, nominating Magomedsalam M. Magomedov to be the next president of the combustible southern republic of Dagestan.

Mr. Magomedov, 45, is an economist and businessman who rose to prominence thanks to his father, Magomedali Magomedov, who led Dagestan from 1987 until 2006. That year, Mukhu G. Aliyev was appointed to succeed him, amid a push to fight corruption in the republic. Though violence and corruption seemed to ease during the early years of his presidency, last year saw the number of armed attacks more than double, and some blamed Mr. Aliyev's weak grip over Dagestan's combative clan groupings.

Mr. Magomedov's nomination falls in line with the appointment of a new presidential envoy, Aleksandr G. Khloponin, who is expected to bring order to the Caucasus through economic means, said Grigory Shvedov, the editor of the Web-based news service Caucasian Knot. It also suggests the Kremlin wants to see significant changes, since Mr. Magomedov has been a persistent critic of Mr. Aliyev's government.

by Fran (fran at eurotrib dot com) on Mon Feb 8th, 2010 at 02:30:46 PM EST
[ Parent ]
EUobserver / Markets turn on Portugal as EU trade union opposition grows

There was no let-up in the turmoil caused by European budget deficits on Thursday (4 February), with investors turning their attention to the weak state of Portugal's public finances.

The country's stock market plunged nearly five percent, the biggest daily fall since November 2008, and bonds yields rose, even as opposition parties proposed to increase public spending on the Atlantic islands of Madeira and the Azores

Portuguese finance minister Fernando Teixeira dos Santos from the centre-left Socialist party implored members of parliament not to follow through with the opposition regional finance bill, warning it would only add to investor doubts.

In a televised address, he said it would send the "the worst possible message" to financial markets, at a time when Europe's peripheral states are under intense scrutiny.

by Fran (fran at eurotrib dot com) on Mon Feb 8th, 2010 at 02:31:55 PM EST
[ Parent ]
Can we treat the markets like a child throwing a tantrum, that is, ignore them?

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 Feb 8th, 2010 at 03:39:31 PM EST
[ Parent ]
Do you ever get the feeling that a lot of what's happening with the PIGS story is economic elites wanting to use this as an opportunity to kill European social democracy, a la the shock doctrine?

As though the current crisis were the result of overheated wages, benefits, and a bloated welfare state instead of a financial sector run amuk.

Political scientists studying the EU have come up with this idea that there are basically two outcomes possible here: 1) The EU continues to undermine social protection at the national level and creates a new, neo-liberal European state, or 2) This attack on social protection produces a popular movement against the EU which results in a retreat from European integration.

What's interesting for me is that I see a third possibility.

That the attack on national social protection does produce a popular movement calling for greater regulation of business and social democracy.  Where I differ, is that I see this movement occurring at the European level so that a new, European social democracy is the result of a crisis.  It's Jean Monnet's bicycle all over again.  The difference is that it's the masses not the technocrats pushing the process forward.

So basically, it seems to me that the economic elites who see opportunity in crisis could really be screwing themselves in the long term if they create a movement for social protection at the European level, for example shared wage and working conditions standards. It's not impossible.

The poorest EU state, Bulgaria has a per capita GDP about 40% of the average.  In the US, the same rate is about 80%, but there is a national minimum wage, with exceptions for the states.  Imagine if there was an EU minimum wage across member states, with higher wages permitted at the member state level.  Isn't this really the next step in terms of economic integration?  By trying to escape social regulation at the national level, the neo-liberals using the EU have concentrated power in Brussels.  Right now they control that, but what happens if they lose control over that power to social democrats?  I don't mean an EP election, I mean a real power shift away from an EU of member states to member states in the EU, so that there is a real, democratic, European polity.

And I'll give my consent to any government that does not deny a man a living wage-Billy Bragg

by ManfromMiddletown (manfrommiddletown at lycos dot com) on Mon Feb 8th, 2010 at 04:58:05 PM EST
[ Parent ]
Imagine if there was an EU minimum wage across member states,

There is a movement in Germany with precisely that goal. I don't know any details, but I remember seeing them campaigning in Nürnberg last year.

by gk (g k quattro due due sette "at" gmail.com) on Mon Feb 8th, 2010 at 05:02:08 PM EST
[ Parent ]
Appreciate the irony that the mythology of the neo-liberal project presents them as the agents of "society" against the state, yet the way in which EU case law has developed has made any sectoral wage agreements made privately between employer's federations and trade unions illegal.  The only legally enforceable wage standard where workers are posted from other member countries is the minimum wage set by national or regional governments.

This was a huge part of what prompted the wildcat strikes in Britain in 2009.

And I'll give my consent to any government that does not deny a man a living wage-Billy Bragg

by ManfromMiddletown (manfrommiddletown at lycos dot com) on Mon Feb 8th, 2010 at 05:14:15 PM EST
[ Parent ]
Do you ever get the feeling that a lot of what's happening with the PIGS story is economic elites wanting to use this as an opportunity to kill European social democracy, a la the shock doctrine?
This just in courtesy of Chris Cook: "Nada de lo que está ocurriendo en el mundo, incluidos los editoriales de periódicos extranjeros, es casual o inocente" (Izabella Kaminska, FT Alphaville Blog)
Spain is the victim of an international conspiracy focused on destroying the country's economic standing and via that the euro.

That's the plain and simple view of the Spanish government, or at least its Development minister, Jose Blanco, according to an article in Monday's Expansion newspaper -- Spain's premier financial daily.

...

While the economic vice, Elena Salgado, has traveled to London today to appease the spirits of investors, Development Minister, Jose Blanco, accused the "financial speculators" of orchestrating a plot against the euro and the Spanish market. "Nothing is happening in the world, including foreign newspaper publishers, is casual or innocent," said Blanco. The deputy general secretary of the PSOE denounced an "attack against the euro and the existence of" somewhat murky maneuvers "to avoid scrutiny of financial markets.


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 Feb 8th, 2010 at 05:26:33 PM EST
[ Parent ]
Muy interesante. Very interesting.  

The comments come from a Socialist minister, but I can't help but notice the outlets that seem to be covering this. (El Mundo, Expansion ,owned by the same group as El Mundo, ABC, etc)  All rightish media sources.  I bet that they are not pleased, because this is precisely the kind of thing (the idea of a bank based conspiracy) that could allow ZP to rally some support around him now that he's fallen in the polls.  So it seems that they are trying to paint him as paranoid, but it isn't really working.

Of course, I see Robert Rubin and the boys at Goldman Sachs in any sort of thing like this.  They've become the Mr. Burns (Simpson's reference) of the financial world.

And I'll give my consent to any government that does not deny a man a living wage-Billy Bragg

by ManfromMiddletown (manfrommiddletown at lycos dot com) on Mon Feb 8th, 2010 at 05:54:50 PM EST
[ Parent ]
I bet that they are not pleased, because this is precisely the kind of thing (the idea of a bank based conspiracy) that could allow ZP to rally some support around him now that he's fallen in the polls.

I think ZP has lost control of the situation narrative-wise so I don't think this will help. The whole government is in damage-control mode and I personally find Salgado's visit to The City to reassure whomever that Spain's government will cut public spending alternately ridiculous and infuriating.

See El Pais (Google translation follows)

Zapatero will appear in Congress forced by all groups

The Prime Minister will go next week to report on the crisis and the European summit. "The socialist group run out of allies for help

...

The Government lacked the support to stop the hearing after being PNV and CiU have joined the initial request by the PP. Other groups such as ERC also supports the conclusion of the hearing. Therefore, the chief executive will be at their request.

This will happen on Wednesday at the weekly Sesión de Control (the Spanish equivalent to the British "PM's Questions").

I'm thinking of writing a diary in the vein of an open letter to ZP about this situation.

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 Tue Feb 9th, 2010 at 05:25:05 PM EST
[ Parent ]
Zapatero loses lead in Spanish opinion poll - Europe, World - The Independent

The Spanish Prime Minister, Jose Luis Rodriguez Zapatero, has fallen behind the opposition for the first time since he came to power in 2004, according to a poll published by El Mundo newspaper.

According to a Sigma Dos opinion poll published by newspaper El Mundo, voters gave the Socialist prime minister an average 4.1 points out of 10, versus 4.21 for Mariano Rajoy who leads the conservative Popular Party.

At the last poll in January Zapatero, who is suffering a mid-term credibility crisis during Spain's worst recession for 40 years, led with 4.53 to Rajoy's 4.18.

The survey was carried out following a surprise announcement 10 days ago that the government planned to raise the pension age to 67 from 65, causing outrage among all segments of society.

by Fran (fran at eurotrib dot com) on Mon Feb 8th, 2010 at 02:44:05 PM EST
[ Parent ]
AUTOMOBILE : Neelie Kroes : "On se demande si Sarkozy veut bloquer sa propre industrie", actualité Economie : Le PointCARS: Neelie Kroes: "It makes you wonder if Sarkozy wants to block his own industry", Economy news: le Point
Le président français Nicolas Sarkozy risque de "bloquer sa propre industrie" en insistant pour que les voitures vendues en France soient produites dans le pays, estime la commissaire européenne sortante à la Concurrence Neelie Kroes, dans un entretien publié lundi.French president Nicolas Sarkozy runs the risk of "blocking his own industry" by insisting that cars sold in France should be made in the country, according to European Competition Commissioner Neelie Kroes, in an interview published today.
"Si l'industrie française ne devait plus produire que pour le marché français, elle ne se ferait pas une faveur", a commenté la commissaire néerlandaise dans un entretien au quotidien allemand Handelsblatt . "On se demande si le président français veut bloquer sa propre industrie", a-t-elle ajouté. Sarkozy a déclaré vouloir que les voitures vendues en France soient produites dans le pays, sur fond de conflit avec le producteur automobile Renault qui voulait délocaliser la production de son modèle Clio 4 en Turquie. Le gouvernement français a obtenu de la société qu'elle continue à fabriquer une partie de ses Clio en France. Kroes s'est émue de la démarche française."If French industry were only to produce for the French market, it wouldn't be doing itself a favour," commented the Dutch commissioner in an interview for German daily Handelsblatt. "It makes you wonder if the French president doesn't want to get in the way of his own industry." Sarkozy said he wanted cars sold in France to be manufactured there, in a conflict with carmaker Renault that wanted to offshore Clio 4 production to Turkey. The French government won the concession that the company would go on making part of its Clios in France. Kroes reacted sharply to the French move.
Selon l'hebdomadaire français Le Canard Enchaîné , Sarkozy aurait dans la foulée affirmé que la commissaire européenne n'a que "deux neurones", une déclaration relayée par la presse néerlandaise et flamande. Interrogée sur cette insulte par le Handelsblatt , Kroes rétorque "comme cela j'en ai au moins 100 % de plus que lui".According to the Canard Enchaîné weekly, Sarkozy is said to have declared straight away that the European commissioner only had "two neurons", a statement carried by the Dutch and Flemish press. Questioned on the insult by Handelsblatt, Kroes replied "that way I've got at least 100% more than him."
by afew (afew(a in a circle)eurotrib_dot_com) on Mon Feb 8th, 2010 at 03:07:20 PM EST
[ Parent ]
I can't help to actually like Kroes...
by Nomad on Tue Feb 9th, 2010 at 03:55:07 AM EST
[ Parent ]
From Ynet with material in boldface added by me from the Hebrew original (which may simply may reflect the original article being updated after the translation was made, or may not).
Even those who [derogatory verb for people who have emigrated] will be able to vote. Netanyahu tells Likud faction his government plans to submit bill allowing every Israeli citizen to vote for Knesset from anywhere worldwide. 'It will contribute to the connection and to Israel's strength,' he says.

[...]

If Knesset approves the bill allowing Israelis to vote abroad, it will implement one of the clauses included in the coalition agreement signed between Yisrael Beiteinu and the Likud. According to the clause, "The government will form a governmental bill allowing the vote of Israelis who are abroad on Election Day, under conditions and criteria agreed upon by all the coalition members. The bill will be submitted to the Knesset within a year after the government's establishment."

Based on data from the main stastical office, about half a million Israelis with the right to vote were abroad at the time of the last elections. If the law is passed, it is expected to significantly strengthen the right-wing bloc, with whom many Israeli living abroad identify.

That would be my guess too, but I wonder if it is really true.

I hope it doesn't pass. If it does, I would have to decide what to do. I have no problem with voting for the Democrats in the U.S. (most of the time, anyway), if the U.K. allowed expats to vote, I suppose I could hold my nose and vote for NuLab. I would probably have no problem voting for the PD in Italy (if without much enthusiasm), but Israel?

by gk (g k quattro due due sette "at" gmail.com) on Mon Feb 8th, 2010 at 04:34:11 PM EST
[ Parent ]
Memex 1.1 » Blog Archive » ACPO makes £18m from criminal records checks

Until this moment, I had naively assumed that the Association of Chief Police Officers (ACPO) was an official body, funded by the Home Office to co-ordinate policing policy. Well, guess what? It's a nice little privatised earner, as this Telegraph report suggests.

Concerns have been raised that the Association of Chief Police Officers (ACPO) is being run as a private company and as such escapes many of the rules that ensure public bodies are accountable.

Nevertheless it has been taking on an increasing role in advising the government on strategies to fight terrorism and organised crime.

The `not for profit' company does not pay dividends to shareholders but its accounts show ACPO has built up £15.8m in assets, including £9.2m cash in the bank on a turnover of £18m.

It has emerged that the association is charging between £35 and £70 for criminal record checks for US visas which used to cost £10.

It also markets a service to endorse crime prevention measures which made £225,000 profit.



If you're not part of the solution, you're part of the precipitate.
by ceebs (ceebs (at) eurotrib (dot) com) on Mon Feb 8th, 2010 at 05:53:51 PM EST
[ Parent ]
by nanne (zwaerdenmaecker@gmail.com) on Mon Feb 8th, 2010 at 11:55:18 AM EST
EurActiv: English papers lead campaign to 'ditch the directive'
English newspapers today (8 February) took command of a campaign to completely write off a proposed EU regulation which would limit the activity of hedge funds, the Alternative Investment Fund Managers Directive (AIFMD), saying it will hurt the London-based financial sector.

London-based conservative newspaper the Daily Telegraph and its free rival, City AM, launched campaigns against the EU's proposed regulation of alternative invetsment funds.

The Telegraph has coined its campaign 'Ditch the Directive'.

Both newspapers enjoy healthy penetration rates in London's City as they focus on financial news. City AM, founded in 2005, litters London's business districts as it is handed out on the streets and in underground stations.

by nanne (zwaerdenmaecker@gmail.com) on Mon Feb 8th, 2010 at 12:07:34 PM EST
[ Parent ]
What portion of the U.K. electorate has a favorable view of the domestic impact of the activities of The City?

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 Feb 8th, 2010 at 10:06:13 PM EST
[ Parent ]
Mostly the portion that works in the City, oddly enough.
by ThatBritGuy (thatbritguy (at) googlemail.com) on Tue Feb 9th, 2010 at 10:13:08 AM EST
[ Parent ]
About what I figured. So, I guess it all comes down to campaign contributions. With any reasonable budget and even one mangled testicle it should be possible to stir up quite a storm and ride it into office with a mandate to bridle the City. One just needs to be free to make the counter case that the City is a giant parasite on the body politic in the U.K. and that all else is just self serving propaganda.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer at eurotrib.com) on Tue Feb 9th, 2010 at 11:31:30 AM EST
[ Parent ]
ARGeezer:
With any reasonable budget

That's your problem right there.

Also, media ownership. Ordinary non-City folk don't own newspapers.

Conversely City folk do own political parties - both of the ones that really matter.

And the other ones are too incoherent to make it a policy issue.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Tue Feb 9th, 2010 at 12:18:45 PM EST
[ Parent ]
European Voice: Dutch support for ABN Amro cleared
The European Commission today approved a multi-billion euro package of aid provided by the Dutch government to ABN Amro in the process of breaking up the bank.

The €6.9 billion provided by the Dutch government will be used to separate Dutch assets belonging to ABN Amro from the remainder of the bank.

These assets will then be integrated into Fortis Bank Nederland, which is owned by the Dutch state.

by nanne (zwaerdenmaecker@gmail.com) on Mon Feb 8th, 2010 at 12:29:06 PM EST
[ Parent ]
European Voice: Saab loan guarantee approved
The European Commission today approved a loan guarantee offered by the Swedish government to the troubled Swedish carmaker Saab.

The aid will guarantee a €400 million loan that Saab is to receive from the European Investment Bank (EIB).

Neelie Kroes, the European commissioner for competition, said the Swedish government's guarantee would "contribute to the implementation of Saab's business plan without giving rise to any undue distortions of competition".

by nanne (zwaerdenmaecker@gmail.com) on Mon Feb 8th, 2010 at 12:32:45 PM EST
[ Parent ]
Reuters: Greek unions promise strikes
Greek civil servants threatened on Monday to stage more strikes in protest at government austerity measures, heightening fears debt-laden members of the euro zone may struggle to deliver on promises to tackle stretched budgets.

The euro was mired near 8-month lows against the dollar and the bonds of economically weak members of the 16-nation currency bloc remained under pressure as investors continued to fret about their ability to service their debt.

In Spain, the government of Prime Minister Jose Luis Rodriguez Zapatero said it was sticking with a plan to raise the retirement age despite the threat of union protests there which would mark the end of a period of relative social harmony.

by nanne (zwaerdenmaecker@gmail.com) on Mon Feb 8th, 2010 at 12:38:57 PM EST
[ Parent ]
Euro perspective - Paul Krugman Blog - NYTimes.com

A couple of points: first, Greece, which is making most of the headlines, is a tiny economy. So are Portugal and Ireland. The only sizable player among the countries in the news right now is Spain. (If Italy really gets caught up in the crisis, that will change).
...
Overall, the group of stressed economies account for about 20 percent of the eurozone's GDP. So even a sharp fiscal retrenchment wouldn't be all that big a shock; still, it certainly wouldn't help.



"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Mon Feb 8th, 2010 at 11:38:29 PM EST
[ Parent ]
Yen, Dollar Fall as Return of Trichet Spurs Speculation Over Greece Plan - Bloomberg.com
Yen, Dollar Decline on Speculation Europe Will Assist Greece

The yen and dollar fell on speculation European officials will agree to assist Greece in tackling its fiscal deficit, reducing demand for the two currencies as a refuge.

The euro rallied from near a year low versus the yen after a European Central Bank spokeswoman said President Jean-Claude Trichet will leave a central bankers' meeting in Sydney a day early, sparking optimism policy makers will help Greece address its fiscal woes. The yen declined for a third day against the dollar on speculation that Japanese companies sold the currency.



"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Tue Feb 9th, 2010 at 12:49:55 AM EST
[ Parent ]
So if the Federal Government agrees to help California the dollar will go up again? Does it really work that way?
by gk (g k quattro due due sette "at" gmail.com) on Tue Feb 9th, 2010 at 03:20:26 AM EST
[ Parent ]
That's an interesting point that highlights the differences in narrative and politics.

The US is essentially Washington and Wall St. The states and their populations are entirely peripheral. They could all go bankrupt locally, but as long as Washington still has tanks and Wall St still has bullies, thieves and rating agencies, the US will continue to appear solvent.

The EU is essentially everyone. Without a single centre of power or centre of finance - and neither Brussels nor the ECB count - this creates the perception of decentralised vulnerability.

The reality is that both Washington and Wall St are rigid and stupid to the point of smug catonia. They only appear solvent because of fraud and bluster.

Currently the plan is to talk down the Euro precisely because the dollar is getting its arse kicked, and both the Fed's and Wall St's finances are so precarious.

There's a small but non-zero chance this attack - and it's not a talking point, it's a deliberate economic attack - is going to backfire badly.

I suspect Greece will roll over on this one.

But there will be future attacks. And all that's needed to implode the dollar is one significant failure.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Tue Feb 9th, 2010 at 10:31:56 AM EST
[ Parent ]
ThatBritGuy:

Currently the plan is to talk down the Euro precisely because the dollar is getting its arse kicked, and both the Fed's and Wall St's finances are so precarious.

On the other hand:

Euro Falling, US Recovery Under Threat « The Baseline Scenario

Competitive depreciation is of course a no-no in international policy circles.  But if your dissolute neighbors - with whom you happen to share a credit union - threaten to implode their debt rollovers, and makets react negatively, how can you be held responsible?

Germany and France have no objection to euro depreciation - they are confident that the European Central Bank can prevent this from turning into inflation.



Wait this is important. Someone is wrong on the Internet.
by generic on Tue Feb 9th, 2010 at 12:13:03 PM EST
[ Parent ]
Liechtenstein bank must compensate tax evader, court says | Europe | Deutsche Welle | 08.02.2010
As Germany steps up its plan to buy stolen Swiss bank data, a Liechtenstein court has awarded milions of euros in damages to a tax evader, who complained notification about the stolen data came too late. 

Liechtenstein trust company LGT Treuhand must pay a former client 7.3 million euros ($10 million) in damages because bankers failed to notify him about stolen data in time, the high court in the capital Vaduz said.

The plaintiff is a property developer from Bad Homburg, Germany, who claimed that he could have declared himself to German authorities had he known, and avoided a more costly fine for tax fraud.

Details in the case, which was brought against LGT in 2008, were just released to the parties last week. But the decision came down in early January. The property developer had asked for 13 million euros but the court awarded it 7.3 million.

by Fran (fran at eurotrib dot com) on Mon Feb 8th, 2010 at 02:14:36 PM EST
[ Parent ]
Süddeutsche editiorial (Geld stinkt doch) compares it to a thief suing his lookout man for not doing his job properly...
by gk (g k quattro due due sette "at" gmail.com) on Mon Feb 8th, 2010 at 04:21:57 PM EST
[ Parent ]
No Job Growth for Small Business Spurs Recovery Doubt - Bloomberg.com
Companies with fewer than 500 employees, such as Phoenix Technologies Ltd. and Sonic Corp., helped lead the economy out of the four recessions since 1980. This time, they continue to cut capital spending and dismiss workers, eliminating 3,000 jobs in January, according to Roseland, New Jersey-based Automatic Data Processing Inc., the world's largest payroll processor.

Improvement in the unemployment rate, which fell to 9.7 in January from 10 percent in December, may stall later this year if these firms aren't hiring, and growth likely won't meet the median 2.7 percent annual rate forecast for 2010 by 67 economists in a Jan. 14 Bloomberg News survey.
...
The Russell 2000 Index of small-cap stocks has risen 4 percent in the past six months, lagging behind a 6 percent increase in the Standard & Poor's 500 Index. Coming out of previous recessions, shares of companies with market capitalization between $250 million and $1 billion generally led markets higher... The Russell Index gained 17 percent in the six months following the end of the 2001 recession, compared with 0.2 percent for the S&P 500.
...
Because few economic reports capture small-business statistics, some economists say investors are being misled about the strength of recovery from the longest, deepest recession since the Great Depression.

Recent numbers suggest "the official data are too heavily weighted towards bigger companies, which are doing better than credit-constrained smaller firms," said Ian Shepherdson, chief U.S. economist at High Frequency Economics Ltd. in Valhalla, New York. "The latter employ half the workforce."
...
The nation's monthly payroll figures are inflated because the Labor Department model that estimates small-business hiring has overstated the number of jobs added during the recession, Shepherdson says.

According to the model, small companies created an average of 113,000 jobs a month from February through December -- a period when total employment fell by a nonseasonally adjusted 3.7 million, Labor Department statistics show.

The model "is creating jobs out of thin air that are not actually being generated,"
...



"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Mon Feb 8th, 2010 at 04:41:17 PM EST
[ Parent ]
FT.com / Currencies - Traders make $8bn bet against euro
Traders and hedge funds have bet nearly $8bn (€5.9bn) against the euro, amassing the biggest ever short position in the single currency on fears of a eurozone debt crisis.

Figures from the Chicago Mercantile Exchange, which are often used as a proxy of hedge fund activity, showed investors had increased their positions against the euro to record levels in the week to February 2.

The build-up in net short positions represents more than 40,000 contracts traded against the euro, equivalent to $7.6bn.
...
The single currency fell to an eight-month low of $1.3583 on Friday but recovered a little on Monday to $1.3683. Analysts said sentiment towards the euro had soured because of the increasing concern over Greece's fiscal problems.



"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Mon Feb 8th, 2010 at 06:50:34 PM EST
[ Parent ]
  1. Are they really stupid enough to take on the Euro? This is about 10 times the size of the Pound which Soros attacked successfully.

  2. Wouldn't it be a good thing for EU exporters for the Euro to go down a bit just as the recession seems to be hitting bottom?


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 Tue Feb 9th, 2010 at 05:35:44 PM EST
[ Parent ]
The Ever Increasing Parallels Between AIG And Greece... And The CDS Puppetmaster Behind It All  Tyler Durden  Zero Hedge

As we look forward, we ask, who now determines the variation margin on Greek CDS (and Portugal, and Dubai, and Spain, and, pretty soon, Japan and the US), the associated recovery rate, and how much collateral should be posted by sellers of Greek protection? If Greek banks, as the rumors goes, indeed sold Greek protection, and, as the rumor also goes, Goldman was the bulk buyer, either in prop or flow capacity, it is precisely Goldman, just like in the AIG case, that can now dictate what the collateral margin that Greek counterparties, and by extension the very nation of Greece, have to post on billions of dollars of Greek insurance. Let's say Goldman thinks Greece's debt recovery is 75 cents and the CDS should be trading at 700 bps, instead of the "prevailing" consensus of a 90 recovery and 450 spread, then it will very likely get its way when demanding extra capital to cover potential shortfalls, since Goldman itself has been instrumental in covering up Greece's catastrophic financial state and continues to be a critical factor in any future refinancing efforts on behalf of Greece. Obviously this incremental margin, which only Goldman will ever see, even if the CDS was purchased on a flow basis, will never be downstreamed on behalf of its clients, and instead will be used to [buy futures|buy steepeners|prepay 2011 bonuses|buy more treasuries for the BONY $60 billion Treasury rainy day fund].

In essence, through its conflict of interest, its unshakable negotiating position, and its facility to determine collateral requirements and variation margin, Goldman can expand its previous position of strength from dictating merely AIG and Federal Reserve decision making, to one which determines sovereign policy! This is unmitigated lunacy and a recipe for financial collapse at the global level.

In essence, through its conflict of interest, its unshakable negotiating position, and its facility to determine collateral requirements and variation margin, Goldman can expand its previous position of strength from dictating merely AIG and Federal Reserve decision making, to one which determines sovereign policy! This is unmitigated lunacy and a recipe for financial collapse at the global level.

This is yet another AIG in the making, with Goldman this time likely threatening to accelerate the collapse not merely of the US financial system, but of the global one, in order to attain virtually infinite negotiating leverage. Of course, the world will not allow a Greece-initiated domino, allowing Goldman to call everyone's bluff once again.


And of course this is just another Zero Hedge overstatement of the case. See David Fiderer's piece from HuPo, originally published on the Huffington Post, which continues probing the topic of Goldman and AIG and which "Tyler" references.

If there is an agency of the European Union that acts to protect Union members from financial fraud and predation, it could do Greece, the EU and the world a giant favor by declaring the whole CDS market corrupt and unenforcable. That would greatly lessen the pressure on Greece, Ireland, Spain and Portugal AND, as a feature, not a bug, possibly blow up Goldman-Sachs. But I dream.


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 Feb 8th, 2010 at 10:53:07 PM EST
[ Parent ]
Well, wouldn't the EU or even Germany stepping in to guarantee Greek debts blow up Goldmans,then?

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Tue Feb 9th, 2010 at 05:44:23 AM EST
[ Parent ]
We can only hope.

Isn't it perhaps not completely wise to advertise a short position when it would be so easy to subvert it?

I suppose it would be criminal of the ECB to take a counter-stake and then announce a debt guarantee.

Incidentally, doesn't Goldman's position and media campaign meet the definition of economic warfare?

by ThatBritGuy (thatbritguy (at) googlemail.com) on Tue Feb 9th, 2010 at 10:16:00 AM EST
[ Parent ]
I suppose it would be criminal of the ECB to take a counter-stake and then announce a debt guarantee.

A word here and there to European banks in need of a shot of vitamins combined with an appropriately sized counter-stake taken on the quiet, then, when enough have their positions in place, announce the guarantee. Also, can one buy puts on a CDS?

doesn't Goldman's position and media campaign meet the definition of economic warfare?

Call it economic terrorism. Warfare, properly, is between sovereign entities. It could also be called piracy, but I think several nations have new, rather draconian laws on terrorism.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer at eurotrib.com) on Tue Feb 9th, 2010 at 11:19:04 AM EST
[ Parent ]
wouldn't the EU or even Germany stepping in to guarantee Greek debts blow up Goldmans,then?
s
Depending on Goldman's position it could damage them, but Goldman may no longer even hold the bonds, it may just have the CDS's. And if the valuation of those CDSs is left in Goldman's hands then they can still tighten the garrote. The best action that could be taken would be to declare CDSs un-enforceable except by the holders of the bonds around which they are written. But, as a point of fact, what EU agency has the authority to take such actions?


As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer at eurotrib.com) on Tue Feb 9th, 2010 at 11:10:36 AM EST
[ Parent ]
Financial regulation is largely vested with the individual states.

However, if the Commission suspects that Goldman or any other player has cornered the market, or is attempting to do so, it is perfectly within its mandate to bring the competition and inner market hammer down, like it did on Intel and Microsoft. Given the - ah - less than perfectly transparent, shall we say, nature of these instruments, it is possible that simply making vigorous noise about punitive measures will suffice to stimulate a run on the target.

That might be a more productive venue.

- Jake

"Terraforming your own planet to make it uninhabitable hardly counts as epic win." - ThatBritGuy

by JakeS (JangoSierra 'at' gmail 'dot' com) on Tue Feb 9th, 2010 at 06:37:04 PM EST
[ Parent ]
if the Commission suspects that Goldman or any other player has cornered the market, or is attempting to do so, it is perfectly within its mandate to bring the competition and inner market hammer down, like it did on Intel and Microsoft
There is a better example - I think it may have gone under your radar when it happened...

Times Online [UK]: Citigroup agrees to pay £14m over bond scandal (June 29, 2005)

Last August Citigroup sent shockwaves through the eurobond market after executing a series of huge bond trades, which destabilised the market and for a moment sent prices plunging. By exploiting the price moves and the ensuing panic, Citigroup traders made profits of £9.96 million in the course of the day. The bank's reconfigured computer program, designed to stun the market with a blast of 188 simultaneous sell orders, was known by the traders as "Dr Evil".
Also here:
The market was thrown into confusion on 2 August 2004 when Citigroup pushed through EUR11 billion in paper sales in two minutes over the automated MTS platform. As the value of futures contracts fell and traders moved to cover their positions, Citigroup re-entered the market and bought back about EUR4 billion of the paper at cheaper prices. The strategy was dubbed Dr Evil, after the Austin Powers character, in an internal e-mail circulated by the traders.

Immediately afterwards MTS moved to impose temporary limits on the value and volume any one dealer can push through the system at a time. MTS also suspended Citigroup from trading on its bond network for one month after finding that the UK bank breached certain market regulations.

The UK's Financial Services Authority later fined Citigroup £13.9 million following its investigation into the controversial trading.

Unfortunately the Commission did nothing about that particular incident...

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 Tue Feb 9th, 2010 at 06:42:30 PM EST
[ Parent ]
What is it with trading desks and code names? Enron had memos floating around about schemes with such attractive names as "Death Star" and "Fat Man."

I'm sure these traders have a lot of fun at their job, but shouldn't it occur to them that what you're doing might be a shade on the grey side of acceptable behaviour when the most apt pet name for the scheme makes reference to a wave-motion gun or earth-shattering kaboom?

- Jake

"Terraforming your own planet to make it uninhabitable hardly counts as epic win." - ThatBritGuy

by JakeS (JangoSierra 'at' gmail 'dot' com) on Tue Feb 9th, 2010 at 07:24:47 PM EST
[ Parent ]
What is it with trading desks and code names?

Run amok testosterone is my guess. We could probably get ourselves into a regime of stability by banning males from all aspects of trading. :-)

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer at eurotrib.com) on Tue Feb 9th, 2010 at 09:14:04 PM EST
[ Parent ]
by nanne (zwaerdenmaecker@gmail.com) on Mon Feb 8th, 2010 at 11:55:51 AM EST
Reuters: New sanctions on Iran are only path left: Gates
Iran has rejected Western overtures and the international community has no choice but to move toward imposing new sanctions over its nuclear program, U.S. Defense Secretary Robert Gates said on Monday.
by nanne (zwaerdenmaecker@gmail.com) on Mon Feb 8th, 2010 at 12:00:31 PM EST
[ Parent ]
Independent: Africa's illicit money sent to Western banks
Several African leaders, their relatives and associates used Western banks, including British ones, to move hundreds of millions of dollars out of their countries and into accounts and companies they controlled, according to a US Senate report released late last week.

It says that, in 2007, President Omar Bongo of Gabon brought $1m in shrink-wrapped $100 notes into the US in a suitcase; that Teodoro Obiang, son of Equatorial Guinea's president, moved "more than $100m in suspect funds through US bank accounts, including $30m to purchase a residence in Malibu"; and that, between 2000 and 2008, Jennifer Douglas, fourth wife of a former Nigerian vice-president, "helped her husband bring more than $40m in suspect funds into the US".

by nanne (zwaerdenmaecker@gmail.com) on Mon Feb 8th, 2010 at 01:11:07 PM EST
[ Parent ]
Doctors: Haitian may have survived 4 weeks in rubble - CNN.com

Port-au-Prince, Haiti (CNN) -- A man pulled alive from the rubble of a building in Haiti's capital may have been trapped since the January 12 quake that leveled much of the city, doctors reported Monday.

The emaciated 28-year-old man was found in the wreckage of a market where he sold rice,



If you're not part of the solution, you're part of the precipitate.
by ceebs (ceebs (at) eurotrib (dot) com) on Mon Feb 8th, 2010 at 05:47:27 PM EST
[ Parent ]
http://www.telegraph.co.uk/news/worldnews/northamerica/usa/7187010/US-soldier-gives-four-year-old-da ughter-waterboarding-over-alphabet.html


US soldier gives four-year-old daughter 'waterboarding' over alphabet
A soldier subjected his four-year-old daughter to waterboard-style torture when she failed to recite her alphabet, it has been claimed.
...The 27-year-old, who had recently gained custody of the young girl, said she "squirmed" as he pushed her under the water three or four times, it was claimed.
...Waterboarding is a controversial torture technique used by the CIA to interrogate al Qaeda suspects at Guantanamo Bay, where water is poured over detainees so they think they are drowning.

Mr Tabor, from the Lewis-McChord base in Tacoma, Washington, was arrested after he was seen wearing a Kevlar military helmet and threatening to smash windows.

When police went to his home in nearby Yelm, his girlfriend told them about the alleged torture.

Mr Tabor's daughter was found hiding in a cupboard with bruises on her back and throat. When asked how she got her injuries, she replied: "Daddy did it."

The soldier, who has been charged with assault and ordered to stay on the military base, will appear in court later this week.

He is not allowed any contact with his daughter and she has been taken into care.  

WTF...

by vbo on Mon Feb 8th, 2010 at 10:36:51 PM EST
[ Parent ]
Just one of many reasons why we shouldn't torture.
by ThatBritGuy (thatbritguy (at) googlemail.com) on Tue Feb 9th, 2010 at 10:16:43 AM EST
[ Parent ]
Yeah...it becomes culture of torture once the law (state) accept it, people will follow instinctively...
All tho this man must be mentaly ill to torture 4 years old over alphabet...sick, so sick.
by vbo on Tue Feb 9th, 2010 at 10:32:40 PM EST
[ Parent ]
China quake activist jailed for inciting subversion | World | Reuters

A Chinese activist who sought to document shoddy construction that contributed to deaths in China's devastating 2008 earthquake has been sentenced to five years in prison for subversion, his lawyer said on Tuesday.

Tan Zuoren was formally accused of inciting subversion of state power in emailed comments about the bloody crackdown on June 4, 1989, on pro-democracy demonstrators around Tiananmen Square.

But Tan's supporters and Amnesty International say he was detained because he planned to issue an independent report on the collapse of school buildings during the Sichuan earthquake, in which more than 80,000 people died.

<...>

China's official statistics show that 5,335 children died in the quake, which killed about 80,000 people and left 5 million homeless. In many towns, schools collapsed, burying the children inside, while surrounding residential buildings stayed standing. ...



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 Tue Feb 9th, 2010 at 02:19:15 AM EST
[ Parent ]
Editor Reviewing China Quake Deaths Is Sentenced - NYTimes.com

Mr. Tan's lawyer, Pu Zhiqiang, and Ai Weiwei, a prominent artist and friend of Mr. Tan, said in interviews that the government wanted to silence Mr. Tan because of his earthquake work. The central government has tried to stifle any discussion of shoddy school construction, which could expose connections between corrupt government officials and business executives.

"You can see the tendency of this government -- on the one hand, it wants to be accepted by international laws and values," said Mr. Ai, who tried to document online the death toll from the collapsed schools and has done art projects to memorialize the dead children. "But on the other hand, it's a very primitive dictatorship and really violating all the possible parts of human rights."

He added, "It doesn't allow the individuals to speak out and doesn't allow any truths to be revealed."



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 Tue Feb 9th, 2010 at 10:43:51 AM EST
[ Parent ]
From Kristin Davis' blog:
Last Saturday I gave the first political speech of my life. I spoke to the Manhattan Libertarian party and told them I planning a campaign for Governor of New York State. I have not decided whether to seek the Libertarian party nomination or form my own party based on my platform; legalization, regulation and taxation of prostitution, marijuana, and legalizing gay marriage.

When was the last time a candidate put forward this kind of honest, radical platform? When is the last time a politician offered the voters something different than higher taxes, more spending, greater debt and service cuts.

I will also run to highlight the inequities of our criminal justice system which discriminates against women, minorities and poor people, a system which sent me to jail while Eliot Spitzer broke the law and walked away free. Eliot Spitzer is symptomatic of the problem we are dealing with in NY- dirty politicians who believe they are above the law - this precedent must be broken!

[...]

I am in a unique position to understand the economics of sex. I built a multi-million dollar escort service from scratch before pleading guilty to promoting prostitution.  Prostitution in New York is estimated to be a $5 Billion a year business. Legalization and a reasonable tax rate could bring $ 1Billion in new revenues to New York State each year. Legalizing Marijuana would reap another $2 Billion a year. Then New York could balance the budget and still cut property and income taxes.

[...]

I have retained Roger Stone[!], a well know political consultant to help me prepare for a campaign for governor. I met Roger Stone after we were on a radio show together. He helped expose the hypocrisy of Eliot Spitzer. He is brilliant. He knows how to get the 15,000 signatures I will need to get my name on the ballot. He also shares my positions regarding legalization of prostitution, pot and gay marriage.


by gk (g k quattro due due sette "at" gmail.com) on Tue Feb 9th, 2010 at 03:35:37 AM EST
[ Parent ]
http://www.huffingtonpost.com/stefan-sirucek/did-palin-use-crib-notes_b_452458.html

Closer inspection of a photo of Sarah Palin, during a speech in which she mocked President Obama for his use of a teleprompter, reveals several notes written on her left hand. The words "Energy", "Tax" and "Lift American Spirits" are clearly visible. There's also what appears to read as "Budget cuts" with the word Budget crossed out.
by vbo on Tue Feb 9th, 2010 at 04:36:35 AM EST
[ Parent ]
by nanne (zwaerdenmaecker@gmail.com) on Mon Feb 8th, 2010 at 11:57:07 AM EST
European Voice: EU organic logo chosen
The European Commission today announced the winner of a competition to design a new EU-wide logo for organic food - a leaf formed from the stars of the EU.

The logo, known as the Euro-leaf, will be compulsory on all EU pre-packaged organic foods from 1 July this year.

There are already logos in the EU's member states denoting organic food, but Mariann Fischer Boel, the European agriculture commissioner, said an EU-wide logo "will make it easier for consumers to recognise organic food whichever country it is from".

The winning design, by Dusan Milenkovic, a student from Germany, was chosen by the general public in a contest that attracted around 130,000 votes. In all, Milenkovic won 63% of the votes cast for the shortlist of three, selected from over 3,500 entries.

by nanne (zwaerdenmaecker@gmail.com) on Mon Feb 8th, 2010 at 12:13:48 PM EST
[ Parent ]
EurActiv: EU ministers to ignite debate on electric cars
EU ministers will trigger a debate on an EU strategy for electric cars this week amid warnings by green groups that the electricity used to charge the vehicles could prove as polluting as the fuel engines they are supposed to replace.

Spain, which holds the EU's rotating presidency, will table a document assessing challenges facing the electric vehicles industry at an informal meeting of EU competitiveness ministers tomorrow (9 February).

It aims to adopt a common EU action plan in May to give Europe's car-manufacturing industry a competitive edge in the race against the US, China and Japan.

by nanne (zwaerdenmaecker@gmail.com) on Mon Feb 8th, 2010 at 12:21:29 PM EST
[ Parent ]
Reuters: Australia's "Top End" too dry to become food bowl
The dream of turning Australia's tropical north into a major food bowl to replace drought-stricken southern farmlands and feed a future Asia has been shattered by a new report released on Monday.

Despite a billion of liters of annual rain, the equivalent of 2,000 Sydney Harbours, northern Australia has limited water, with 65 percent of rain lost through evaporation and 20 percent in rivers, while only 15 percent recharges groundwater reserves.

And climate change will make northern Australia hotter and drier by 2030, reducing water availability, said the report by the Northern Australian Land and Water Taskforce.

by nanne (zwaerdenmaecker@gmail.com) on Mon Feb 8th, 2010 at 12:41:46 PM EST
[ Parent ]
Reuters: Water at core of climate change impacts: experts
The main impact of climate change will be on water supplies and the world needs to learn from past cooperation such as over the Indus or Mekong Rivers to help avert future conflicts, experts said on Sunday.

Desertification, flash floods, melting glaciers, heatwaves, cyclones or water-borne diseases such as cholera are among the impacts of global warming inextricably tied to water. And competition for supplies might cause conflicts.

"The main manifestations of rising temperatures...are about water," said Zafar Adeel, chair of UN-Water which coordinates work on water among 26 U.N. agencies.

by nanne (zwaerdenmaecker@gmail.com) on Mon Feb 8th, 2010 at 12:43:20 PM EST
[ Parent ]
Flood those parts of Australia that are below sea level. the evaporation would surely change the game regarding rain in the interior.

there are a lot of ways to promote agriculture using desalinated seawater, even if you only use evaporation methods.  Keep the water in the system by using greenhousing.

Australia could probably end up utilizing its whole coast for 10km inland if it wanted to.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Mon Feb 8th, 2010 at 05:33:47 PM EST
[ Parent ]
A lot of the coast is a) a long way above the sea (100m or more) b) on terrible soil c) a long way from transport networks d) relatively untouched wilderness.

re flooding lake eyre, it would probably be an environmental disaster, and my climate scientist friend says it would have negligible effect on rainfall (consider the rainfall north of perth, which has a large ocean providing the aforementioned evaporation).

Using evaporative desal in greenhouses is a great idea, and one I've promoted to farmers in the past.  But it's too far out for them and too far in for scientists.  And it only makes sense for locally scarce foods (e.g. bananas in WA) given the cost of greenhouses over fields.

by njh on Tue Feb 9th, 2010 at 05:29:19 AM EST
[ Parent ]
Thanks, I was suspecting as much about the topography of Australia...
by Nomad on Tue Feb 9th, 2010 at 05:38:53 AM EST
[ Parent ]
by afew (afew(a in a circle)eurotrib_dot_com) on Tue Feb 9th, 2010 at 05:47:14 AM EST
[ Parent ]
Australian bananas are so far unaffected by the wilt, and greenhouse growing makes control of such problems simpler.  Tomatoes are another good option.
by njh on Tue Feb 9th, 2010 at 08:39:18 PM EST
[ Parent ]
Effort underway to suspend California's global-warming law - latimes.com
Republican politicians and conservative activists are launching a ballot campaign to suspend California's landmark global-warming law, in what they hope will serve as a showcase for a national backlash against climate regulations.

Supporters say they have "solid commitments" of nearly $600,000 to pay signature gatherers for a November initiative aimed at delaying curbs on the greenhouse gas emissions of power plants and factories until the state's unemployment rate drops.

GOP gubernatorial candidates and Tea Party organizers paint the 2006 law, considered a model for other state and federal efforts, as a job-killing interference in the economy. Talk radio is flailing at what John Kobylt and Ken Chiampou, drive-time hosts on Los Angeles' KFI-AM (640), call "the global-warming final solution act" promoted by "fascist, Nazi" officials.


If you're not part of the solution, you're part of the precipitate.
by ceebs (ceebs (at) eurotrib (dot) com) on Mon Feb 8th, 2010 at 01:36:17 PM EST
[ Parent ]
Reuters: Nuclear giant Areva buys solar company Ausra
The deal marks Areva's first foray into solar energy and the nuclear giant hopes to have the leading market share in concentrated solar power by 2012, an Areva executive told Reuters in an interview.

"This market is set to have 20 gigawatts by the year 2020. Areva has an objective to be a world leader in solar energy," said Anil Srivastava, Areva's senior executive vice president of its renewable energies business group.

The executive said Areva chose solar thermal technology -- which uses the sun's heat to create steam to run turbines for electricity -- over other solar power options because it is "the closest" to nuclear plants.

by nanne (zwaerdenmaecker@gmail.com) on Mon Feb 8th, 2010 at 01:37:24 PM EST
[ Parent ]
Solar thermal IS the only kind of practical fusion power we are likely to see in our lifetimes.

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 Feb 8th, 2010 at 10:18:59 PM EST
[ Parent ]
It's interesting that there doesn't seem to be any formal cost benefit analysis involved in fusion research.

The hundreds of billions that have been spent on hot fusion could have implemented international energy security many times over using dull old thermal solar.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Tue Feb 9th, 2010 at 10:20:37 AM EST
[ Parent ]
Perhaps it is only called "fusion power" research. Perhaps they really are working on a star-drive.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer at eurotrib.com) on Tue Feb 9th, 2010 at 11:21:49 AM EST
[ Parent ]
To me, it's as good as any excuse to fund fundamental research in plasma physics.

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 Tue Feb 9th, 2010 at 05:29:58 PM EST
[ Parent ]
New UN emissions pledges still stack up to 3.5°C - environment - 08 February 2010 - New Scientist

THE Copenhagen climate dance continues. This week, 55 nations representing 78 per cent of global greenhouse gas emissions from energy use, submitted pledges to the UN to cut emissions by 2020.

The commitments were made to meet a deadline set at the climate talks held in Copenhagen in December. But they mostly reiterate national pledges made before the summit, and are steeped in conditions. The US, for instance, reaffirmed its commitment to cut emissions to 17 per cent below 2005 levels, contingent on legislation being passed at home. China repeated that it would "endeavour to lower its carbon dioxide emissions per unit of GDP by 40 to 45 per cent" between 2005 and 2020.



If you're not part of the solution, you're part of the precipitate.
by ceebs (ceebs (at) eurotrib (dot) com) on Mon Feb 8th, 2010 at 02:51:38 PM EST
[ Parent ]
German Environment Minister reignites debate over nuclear policy | Germany | Deutsche Welle | 08.02.2010

Norbert Roettgen has stirred up a heated debate in Germany's governing coalition by saying that no efforts should be wasted to replace nuclear technology as fast as possible.

Roettgen argues that it has very little support among Germans, even 40 years after the first nuclear power station started operating.

The environment minister raised some eyebrows in his own party, the Christian Democrats (CDU), as well as his coalition partners, the Free Democrats (FDP), who accused him of muddying the waters with regards to the government's energy policy.

Consternation

The Free Democrats argue that Roettgen's remarks are confusing, because the government's official policy clearly acknowledges nuclear energy as a 'bridging technology' that will only be abandoned when it can safely be replaced by renewable energy sources.



If you're not part of the solution, you're part of the precipitate.
by ceebs (ceebs (at) eurotrib (dot) com) on Mon Feb 8th, 2010 at 02:52:24 PM EST
[ Parent ]
by Fran (fran at eurotrib dot com) on Mon Feb 8th, 2010 at 03:10:09 PM EST
[ Parent ]
by nanne (zwaerdenmaecker@gmail.com) on Mon Feb 8th, 2010 at 11:57:37 AM EST
Reuters: Shuttle Endeavour blasts off
The space shuttle Endeavour bolted off its seaside launch pad in Florida on Monday, carrying six astronauts on a voyage to install the last two main pieces of the International Space Station.

The 4:14 a.m. EST (9:14 a.m. British time) blastoff from the Kennedy Space Centre shattered the predawn tranquillity with a deafening roar and a brilliant tower of flames that momentarily turned the dark Florida sky as bright as day.

"What a beautiful launch we had this morning," said Bill Gerstenmaier, NASA's associate administrator for space flight. "This is a great start to a very complicated mission."

by nanne (zwaerdenmaecker@gmail.com) on Mon Feb 8th, 2010 at 12:23:33 PM EST
[ Parent ]
Guardian: Neil Gaiman to write Dr Who episode
Neil Gaiman has been picking up literary prizes left, right and centre over the last year, but the fantasy author announced this weekend what could be the biggest honour yet for a long-time fan of Doctor Who: writing an episode of the television series detailing the adventures of the Time Lord.
by nanne (zwaerdenmaecker@gmail.com) on Mon Feb 8th, 2010 at 12:56:44 PM EST
[ Parent ]
I dunno. I think Gaiman has problems with dumbing his work down for telly. His series Neverwhere was easily his worst piece of work.

He's much better when he has the unsullied mindscapes of the inner eye to work upon.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Mon Feb 8th, 2010 at 05:36:59 PM EST
[ Parent ]
Independent: Polanski misses Berlin accolade, trapped in his gilded, Alpine home
On clear winter nights, from his chalet 3,400 feet up in the Alps of Switzerland's Berner Oberland, Roman Polanski is afforded spectacular views of a star-studded heaven forming the backdrop to a breathtaking mountain panorama heavy with snow. It is the reason, no doubt, why his holiday home of 30 years is called "Milky Way".

Yet "Milky Way" on Alpenblickstrasse, Gstaad - a winding road in the Swiss ski resort famed for its super-rich celebrity population - is as close to experiencing the stars as Polanski will get when his latest movie The Ghost Writer premieres at the Berlin film festival on Wednesday.

by nanne (zwaerdenmaecker@gmail.com) on Mon Feb 8th, 2010 at 01:05:10 PM EST
[ Parent ]
Dubai skyscraper Burj Khalifa closes to public - Telegraph
The world's tallest building, the Burj Khalifa, has closed to the public due to technical problems just a month after it was formally opened.

The observation deck on the Dubai building's 124th floor, which had been open since the building was formally named on Jan 4, has been closed indefinitely because of unspecified technical problems.

At 2,716 feet tall, the tower contains a hotel, apartments and offices. The first occupants of the apartments were due to move in later this month.

by Fran (fran at eurotrib dot com) on Mon Feb 8th, 2010 at 02:41:02 PM EST
[ Parent ]
Can't take the Ottoman out of the Balkans | Presseurop

Five centuries of Turkish domination left their mark on culture, cuisine, language and even gestures in Balkan countries. It is an influence that is still apparent in attitudes that have affected the pace of integration in the European Union for a number of Balkan states.

For the most part, Balkan scholars tend to overlook the influence of Ottoman heritage on contemporary Balkan identities. In so doing they are largely aligned with public opinion in the Balkans, which also prefers to minimize the significance of an Ottoman legacy that is nonetheless omnipresent. Maria Todorova, author of Imagining the Balkans (Oxford University Press, 1997), has sparked controversy by accusing official historians and other Balkan state sanctioned academics of disguising the truth about the region's Ottoman past and heritage, which is often denied or perceived with disdain. In her native Bulgaria, where "Turkish subjugation" is the only officially sanctioned term for the Ottoman era, Todorova goes even further to suggest that it is no longer a question of studying "the Ottoman legacy in the Balkans," but rather of studying the "the Ottoman legacy that is the Balkans." And as a starting point, she proposes the etymology of the word "balkan," which comes from the Turkish for "wooded mountain."

This heritage is perceptible on every level of social interaction. For example, in political life, it is expressed by an exclusively extra-institutional approach to problem solving (pazarlık - bargaining). Then there is the absence of an indigenous cultural elite. In all of the regions of the Ottoman empire, elites were mainly composed of intellectuals who had been educated abroad: a situation that remained relatively unchanged when the different nations of the empire finally obtained their independence. At the same time, the lack of a local bourgeoisie or aristocracy, and the failure to industrialize that characterized the Ottoman era continued to contribute to the economic weakness of Balkan countries well into the 20th century.

by Fran (fran at eurotrib dot com) on Mon Feb 8th, 2010 at 03:12:41 PM EST
[ Parent ]
Can't blame the residents of the Balkans for wanting to erase that past. Practically every town in bulgaria has its tales of Ottoman atrocities, forced conversion and massacres.

Right on the greek border is town of Melnik, an old fashioned Bulgarian town which is a huge tourist destination. that it survived as a 19th century relic is largely because its entire population of 20,000 were slaughtered in a single morning. Nobody in the local area forgets stuff like that. Bulgarians hate Turks and conversely love russians because they came and freed them in WWI.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Mon Feb 8th, 2010 at 05:43:56 PM EST
[ Parent ]
by nanne (zwaerdenmaecker@gmail.com) on Mon Feb 8th, 2010 at 11:58:33 AM EST
Soldier Admits to Waterboarding 4-Year-Old Daughter Because She Could Not Recite Alphabet « SpeakEasy

Here's a horrific story: A 27-year-old soldier in Tacoma, Washington has allegedly admitted to police that he waterboarded his four-year-old daughter - mere weeks after winning custody of her -- because she could not recite the alphabet.

According to the UK Daily Mail, the soldier, Joshua Tabor, "admitted to police he had used the CIA torture technique because he was so angry."

As his daughter 'squirmed' to get away, Tabor said he submerged her face three or four times until the water was lapping around her forehead and jawline.

It's not clear whether Tabor has served in Iraq or Afghanistan -- the soldiers at his military base have served in both -- but there's little doubt that he is a very disturbed individual. Tabor was initially arrested after "being seen walking around his neighborhood wearing a Kevlar military helmet and threatening to break windows."



If you're not part of the solution, you're part of the precipitate.
by ceebs (ceebs (at) eurotrib (dot) com) on Mon Feb 8th, 2010 at 03:13:04 PM EST
[ Parent ]
Who will trust the CFSP when our so called EU allies behave like this?

But hey, I guess the French think they can sell us Exocets now...

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

by Starvid (arvid.hallen at gmail.com) on Mon Feb 8th, 2010 at 07:06:16 PM EST
[ Parent ]
Les exportations d'armement de la France ont fortement progressé en 2009 | 08/02/2010 - AFP via leParisien.frFrench Arms Exports Rose Significantly in 2009 | 08/02/2010 - AFP via leParisien.fr
Les exportations d'armement des industries françaises ont fortement progressé l'an dernier à près de 8 milliards d'euros, a annoncé lundi la Direction générale de l'armement (DGA), qui espère atteindre un chiffre encore plus élevé en 2010.
Les prises de commandes ont augmenté de 21% à 7,95 milliards d'euros en 2009 contre 6,58 milliards un an plus tôt, ont annoncé lors d'une présentation à la presse les responsables de la DGA, qui dépend du ministère français de la Défense.
Le bilan compte notamment la vente de quatre sous-marins d'attaque Scorpène au Brésil, qui avait été annoncée fin 2008.
"Nous renouons avec les chiffres des années 2000 malgré la crise", s'est félicité le directeur général de l'armement Laurent Collet-Billon.
La France est le quatrième exportateur mondial d'armements, derrière les Etats-Unis, le Royaume-Uni et la Russie, et devant Israël, selon un rapport du ministère de la Défense publié l'an dernier. Mais elle peine à maintenir son rang, s'inquiétait alors ce rapport.
L'objectif de la France est d'atteindre les 10 milliards d'euros d'exporations à moyen terme.
Pour 2010, elle espère faire mieux que l'an dernier, ce qui passe par la "réussite d'un certain nombre de +prospects+", a souligné M. Collet-Billon.
Parmi les contrats potentiels, la vente de quatre bâtiments de projection et de commandement (BPC) de classe Mistral à la Russie, qui s'était jusqu'alors montrée intéressée par l'achat d'un seul de ces navires porte-hélicoptères. <...>
Exports of the French arms industry rose significantly last year to nearly 8 billion euros, the DGA [General Delegation for Ordnance] announced on Monday, who hopes to reach an even higher number in 2010.
Orders increased by 21% to 7.95 billion euros in 2009 in contrast to 6.58 billion euros a year earlier, officials from the DGA announced at a press conference. The DGA is part of the French Ministry of Defense.
The results notably include the sale of four Scorpène attack submarines to Brazil, which was announced at the end of 2008.
"Despite the crisis, we're back to numbers from the 2000s," beamed Laurent Collet-Billon, the general director of arms.
France is the world's fourth largest arms exporter, behind the United States, the United Kingdon, and Russia, and in front of Israel, according to a report by the Ministry of Defense published last year. But it is struggling to maintain that rank, the report worried.
France's objective is to reach 10 billion euros in exports in the mid-term.
For 2010, France hopes to do better than last year, which would happen with "the success of a certain number of +prospects+," emphasized Mr. Collet-Billon. Among the potential contracts is the sale of four Mistral class projection and command vessels (BPC) to Russia, who until now had shown interest in buying only one of these naval helicopter ships. <...>


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 Tue Feb 9th, 2010 at 03:06:03 AM EST
[ Parent ]
[Starvid's Rysskräck Technology™]

Do you seriously expect a Russian attack on Sweden in your lifetime!?

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 Tue Feb 9th, 2010 at 05:28:17 PM EST
[ Parent ]
When is Sweden joining NATO?
by nanne (zwaerdenmaecker@gmail.com) on Tue Feb 9th, 2010 at 05:38:46 PM EST
[ Parent ]
In reality or in name? We were under the US nuclear umbrella from 1961 to the end of the cold war.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid (arvid.hallen at gmail.com) on Wed Feb 10th, 2010 at 01:54:43 PM EST
[ Parent ]
If that ended together with the cold war I guess reality would now be required. The Fins are making bigger strides than the Swedes, fwiw.
by nanne (zwaerdenmaecker@gmail.com) on Wed Feb 10th, 2010 at 04:17:19 PM EST
[ Parent ]
The only chance I see of Sweden joining NATO is if Finland does it first, or if the horrible situation in our armed forces continues as a crisis arrives.

There is actually a leftist conspiracy theory that our defence has been so badly fucked up on purpose, so there will be no alternative to NATO membership when the bad times return.

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

by Starvid (arvid.hallen at gmail.com) on Wed Feb 10th, 2010 at 06:21:38 PM EST
[ Parent ]
I'd say the risk is about 1 % every single year.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid (arvid.hallen at gmail.com) on Wed Feb 10th, 2010 at 01:51:43 PM EST
[ Parent ]
And one must of course, as in all insurance matters multiply the risk with the expected damage. 1% is not necesarilly full scale invasion and occupation of the entire country, but conflicts are not black and white. There is a wide spectrum of scales of grey between the deepest peace and nuclear war.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid (arvid.hallen at gmail.com) on Wed Feb 10th, 2010 at 01:53:44 PM EST
[ Parent ]
Further, the risk can be both reduced or increased radically if we have a strong defence on one hand or if we are a security black hole on the other.

As the old saying goes: every country has an army - its own or somebody elses.

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

by Starvid (arvid.hallen at gmail.com) on Wed Feb 10th, 2010 at 06:23:27 PM EST
[ Parent ]
From Picture This - Spiegel

Me ducks.

by Nomad on Tue Feb 9th, 2010 at 04:30:37 AM EST
[ Parent ]
Flocking fantastic!

You can't be me, I'm taken
by Sven Triloqvist on Tue Feb 9th, 2010 at 08:22:12 AM EST
[ Parent ]


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