European Salon de News, Discussion et Klatsch - 22 July

by afew
Wed Jul 21st, 2010 at 04:22:34 PM EST

 A Daily Review Of International Online Media 


Europeans on this date in history:

1844 - birth of William Archibald Spooner, supposed inventor of the Spoonerism (d. 1930)

More here and here

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by afew (afew(a in a circle)eurotrib_dot_com) on Wed Jul 21st, 2010 at 11:40:41 AM EST
Chinese Show Europeans a New Face - IPS ipsnews.net
LONDON, Jul 21, 2010 (IPS) - German Chancellor Angel Merkel's weekend visit to China has put a positive spin on the increasingly complex economic relations between China and the European Union, but the flurry of deals signed has not disguised the fact that Beijing faces challenges over its EU policies both at home and abroad.

Beijing's stated commitment to continue investing in euro-denominated assets is being challenged by a vocal lobby of domestic critics who clamour China's piles of foreign exchange reserves should be put to better use. And the government's ambitions to nurture national champion companies coupled with restrictions placed on foreign businesses in China are now receiving daily attacks from Western politicians and executives.

Displeasure over China's post-crisis policies towards foreign businesses was voiced long before Merkel arrived in Beijing. First it was U.S. President Obama who took up the issue by calling for a level-playing field for U.S. business operating in China. Last week British Foreign Secretary William Hague pressed the matter when meeting with his Chinese counterpart, Yang Jiechi.

Hague said businesses in the European Union were increasingly worried over the way Chinese officials were enforcing regulations and the way indigenous innovation rules were impeding market entry for foreign companies.
by afew (afew(a in a circle)eurotrib_dot_com) on Wed Jul 21st, 2010 at 11:57:05 AM EST
[ Parent ]
Do people really think that the Cold War is over, that China does not want to dominate the globe and exterminate the other races?  Dream on.

I love the smell of roast chicken in the morning!
by THE Twank (yatta blah blah @ blah.com) on Thu Jul 22nd, 2010 at 06:34:03 AM EST
[ Parent ]
War crimes retrial for ex-Kosovo PM - Al Jazeera

A UN war crimes court has ordered the former prime minister of Kosovo to face a retrial two years after he was acquitted on charges of murder, torture and rape.

The president of the International Criminal Tribunal for the former Yugolsavia (ICTY) said the original trial of Ramush Haradinaj was hampered by witness intimidation.

by Sassafras on Wed Jul 21st, 2010 at 12:09:32 PM EST
[ Parent ]
DNA check on remains from grave of Romania's Ceausescu - BBC

The exhumation follows a request from Ceausescu's family, who have questioned whether the couple were really buried in the Ghencea cemetery in Bucharest.

Nicolae Ceausescu ruled Romania from 1965 until he was toppled in the 1989 revolution.

He was caught and executed with his wife after the couple tried to flee.

by Sassafras on Wed Jul 21st, 2010 at 12:12:43 PM EST
[ Parent ]
Soldier jailed for Srebrenica deaths - Independent

A Bosnian court has jailed a man for 10 years for taking part in the massacre of 8,000 people at Srebrenica in 1995.

Marko Boskic, 46, was found guilty of crimes against humanity after confessing his role in the killings. Prosecutors said in mitigation that he gave "important information" that will help in prosecuting others.

by Sassafras on Wed Jul 21st, 2010 at 12:15:14 PM EST
[ Parent ]
Merkel papers over coalition cracks with summery words - Deutsche Welle

Angela Merkel adopted her most relaxed and friendly manner when speaking to the press on Wednesday, fielding questions on a variety of subjects in her traditional pre-summer holiday press conference.

Despite terrible opinion poll ratings - if elections were held this week, the governing coalition of Merkel's Christian Democratic Union (CDU) and the Free Democratic Party (FDP) would receive only 34 percent of the vote - Merkel drew positive conclusions from the government's first ten months in office.

by Sassafras on Wed Jul 21st, 2010 at 01:11:47 PM EST
[ Parent ]
PKK 'would disarm for Kurdish rights in Turkey' - BBC

The leader of a Kurdish rebel group engaged in a guerrilla war with Turkey has told the BBC it is willing to disarm in return for greater political and cultural rights for Turkey's Kurds.

The Kurdistan Workers' Party (PKK) is designated a terrorist organisation by Turkey, as well as the EU and US.

If an agreement were reached, it would bring an end to a 26-year-old conflict.

by Sassafras on Wed Jul 21st, 2010 at 01:14:39 PM EST
[ Parent ]
Nick Clegg under pressure after Commons gaffes | Politics | guardian.co.uk

The deputy prime minister, Nick Clegg, was under pressure today after a series of gaffes in the House of Commons forced the government to issue clarifications on Iraq and immigration policy.

Downing Street distanced itself from Clegg's stance on the invasion of Iraq after the Liberal Democrat leader declared it "illegal" at prime minister's questions.

In a further blow to the deputy PM, the Home Office was forced to clarify remarks he made about the future of the Yarl's Wood detention centre.



never let desperation get in the way of judgement.
by ceebs (ceebs (at) eurotrib (dot) com) on Wed Jul 21st, 2010 at 01:49:36 PM EST
[ Parent ]
Yet another one. The Süddeutsche reports on yet another Liechtenstein CD, this one from the Liechtensteinischen Landesbank, that has been offered for sale to the Schleswig-Holstein tax authorities. Supposedly, it contains records on Germans with bank accounts to a total of half a billion Euros.
Den deutschen Finanzbehörden ist eine weitere Steuer-CD mit Angaben über deutsche Kunden einer Liechtensteiner Bank angeboten worden. Sie wurde bereits vor Monaten der schleswig-holsteinischen Finanzverwaltung offeriert und soll die Daten von Hunderten mutmaßlichen Steuerhinterziehern tragen, die bei der Liechtensteinischen Landesbank (LLB) ihr Geld vor dem Fiskus versteckt hatten.

Das gespeicherte Anlagevolumen soll etwa eine halbe Milliarde Euro betragen. Die Datensammlung aus dem zweitgrößten Liechtensteinischen Geldhaus soll aus jüngerer Zeit stammen. Kiel will die CD nach einer Stichproben-Analyse angeblich kaufen. Dies ist bereits mit dem Bundesfinanzministerium besprochen worden. Die endgültige Zusage zum Kauf steht noch aus.

by gk (g k quattro due due sette "at" gmail.com) on Wed Jul 21st, 2010 at 04:50:41 PM EST
[ Parent ]
You really don't want to be a sheep around here. Not only are the bears after you, but now they have wolves to deal with as well.
Strage di pecore e capre in Val d'Ultimo, in Alto Adige, ad opera di un lupo e di un orso sconfinati dal Trentino. In particolare, nella zona piu' prossima alla val di Rabbi un lupo avrebbe attaccato e ucciso negli ultimi giorni 11 pecore e 2 capre, valutazione confermata dai guardacaccia di Merano. Sui monti sopra San Pancrazio si muove invece un orso, che avrebbe ucciso non meno di 3 pecore, mentre altri ovini sono ancora dispersi. Numerosi anche gli alveari distrutt
Last night: 11 sheep killed by a wolf, and 3 by a bear. Numerous beehives were also destroyed.
by gk (g k quattro due due sette "at" gmail.com) on Wed Jul 21st, 2010 at 05:02:23 PM EST
[ Parent ]
No wolves in the Pyrenees, but the (Slovenian) bears do kill rather a lot of sheep.
by afew (afew(a in a circle)eurotrib_dot_com) on Wed Jul 21st, 2010 at 05:05:55 PM EST
[ Parent ]
The wolves are new. I don't know how many there are, and if any have been seen, but one was identified by DNA traces a few months ago.
by gk (g k quattro due due sette "at" gmail.com) on Wed Jul 21st, 2010 at 05:12:05 PM EST
[ Parent ]
Yes, the wolves get a lot of press in France because they have migrated from the Italian Alps into the French. Will they make it to the Pyrenees? is the question...
by afew (afew(a in a circle)eurotrib_dot_com) on Wed Jul 21st, 2010 at 05:24:41 PM EST
[ Parent ]
Well, for certain they should stay off the A8 until after the vacation season. But if they take the back routes, there is really nothing stopping them except for taking breaks to enjoy the views.

This story of Italian wolves filtering into France has been gaining momentum for a few years now. The stories, and one presumes, the wolves. As I understand it, the French tend to leave their sheep and goats un-sheded at night, more than the Italians do.

We're in the lower hills and see plenty of foxes, and suspect bigger animals in the shadows sometimes. This month I saw a cub of some type that looked to big to be a fox.

French Wolves, Rebounding From Extinction, Threaten Sheep Herds

``French shepherds have gotten so used to the wolves' absence they have forgotten how to guard their flocks,'' Englebert said in a telephone interview from the National Park of the Queyras in the Alps. ``It's a sector that can't survive without government subsidies and they are using the wolf to mask their other problems.''

Living with the big bad alpine wolf - SwissInfo

"According to the Swiss Wolf Project, the number of wolves will progress 20-30 per cent per year," he said.

"The population wants to know if there are five wolves in the region and ten next year, and how we are going to manage and pay for that. There is a total lack of transparency. We want the truth."

"You have the impression that politicians are scared when people talk about wolves " Wolf expert Jean-Marc Landry
Taboo
Wolf expert Jean-Marc Landry agreed that national monitoring of packs and young cubs could be improved.



Never underestimate their intelligence, always underestimate their knowledge.

Frank Delaney ~ Ireland

by siegestate (siegestate or beyondwarispeace.com) on Thu Jul 22nd, 2010 at 07:05:40 AM EST
[ Parent ]
siegestate:
the French tend to leave their sheep and goats un-sheded at night,

Sheep in the summer in the high alpage (where the wolves may attack) cannot be shedded, there are just no facilities for it. The flocks run into the thousands (of sheep per flock).

siegestate:

``French shepherds have gotten so used to the wolves' absence they have forgotten how to guard their flocks,'' Englebert said in a telephone interview from the National Park of the Queyras in the Alps. ``It's a sector that can't survive without government subsidies and they are using the wolf to mask their other problems.''

How French shepherds could possibly remember how to guard their flocks against wolves beats me, since wolves died out in France many generations ago. The problem is created by the return of the wolves, not by the shepherds. As for the cheap shot about subsidies, all farming in Europe (or almost) is subsidised. So are the activities of the wolf and bear promoters.

(Disclaimer: I have nothing against wolves and bears. Just bullshitters).

by afew (afew(a in a circle)eurotrib_dot_com) on Thu Jul 22nd, 2010 at 08:15:19 AM EST
[ Parent ]
I hope I'm not being accused of BS...just the messenger.

Never underestimate their intelligence, always underestimate their knowledge.

Frank Delaney ~ Ireland

by siegestate (siegestate or beyondwarispeace.com) on Fri Jul 23rd, 2010 at 09:03:17 AM EST
[ Parent ]
No, I was referring to Englebert.
by afew (afew(a in a circle)eurotrib_dot_com) on Fri Jul 23rd, 2010 at 10:10:34 AM EST
[ Parent ]
A thing to note is that quite a few sheep are killed by stray dogs, too. Since wolf kills are subsidized but not stray dog kills...

Also, Queyras is not a National Park, only Regional.

As for the dogs making it farther inside France, even getting to the Massif Central seems a tall proposition as it requires crossing the Rhone valley.

Un roi sans divertissement est un homme plein de misères

by linca (antonin POINT lucas AROBASE gmail.com) on Thu Jul 22nd, 2010 at 02:15:56 PM EST
[ Parent ]
The situation with the ICE trains may have been worse that previous reports indicated. According to internal measurements by the DB, temperatures may have been higher than 70 degrees....
Die Höllenfahrten in überhitzten ICE-Zügen waren womöglich noch schlimmer als geschätzt: Interne Messungen der Bahn sollen Temperaturen von mehr als 70 Grad ergeben haben.

Bei der kürzlichen Klimaanlagen-Panne hat die Deutsche Bahn einem Medienbericht zufolge in ihren ICE-Zügen Temperaturen von bis zu über 70 Celsius gemessen. Dies gehe aus einer "internen Störfallanalyse" des Konzerns hervor, berichtet das ZDF-Magazin Frontal 21 in seiner heutigen Sendung.

by gk (g k quattro due due sette "at" gmail.com) on Thu Jul 22nd, 2010 at 04:43:47 AM EST
[ Parent ]
BBC News - No charges over G20 man's death

An officer who was filmed apparently pushing a man to the ground during the G20 protests will not face charges over his death.

Ian Tomlinson, 47, died minutes after being caught up in the clashes on 1 April 2009 in the City of London.

Director of Public Prosecutions Keir Starmer said the Crown Prosecution Service (CPS) concluded that "there was no realistic prospect of conviction".

The incident and its aftermath was caught on amateur video.

Mr Starmer said that there was a "sharp disagreement between the medical experts" about the cause of death, which led to three post-mortem examinations being conducted on Mr Tomlinson.



never let desperation get in the way of judgement.
by ceebs (ceebs (at) eurotrib (dot) com) on Thu Jul 22nd, 2010 at 07:00:36 AM EST
[ Parent ]
"Who could have predicted?" etc.
by ThatBritGuy (thatbritguy (at) googlemail.com) on Thu Jul 22nd, 2010 at 07:11:28 AM EST
[ Parent ]
oh yes, the grounds used are that the first pathologist disagreed with the second two as to whether the cause of death could be linked to the assault. So the CPS has come to the decision that there is no realistic chance of prosecution. A decision of rank political cowardice. Because there has been such a delay taken over whether a manslaughter charge could be brought, then charges of Assault cannot be brought as they have to be brought within six months.

never let desperation get in the way of judgement.
by ceebs (ceebs (at) eurotrib (dot) com) on Thu Jul 22nd, 2010 at 07:20:22 AM EST
[ Parent ]
Queen Bars BNP Chief Nick Griffin From Garden Party At Buckingham Palace | UK News | Sky News

The BNP leader's invitation to the Royal event had caused controversy with many of his critics claiming he should never have been invited.

Now, the Palace has issued a statement barring the far right politician for "overtly using his personal invitation for party political purposes".

A spokeswoman said the decision to deny him access was taken this morning.

It is understood the Queen decided to withdraw his ticket after he posted a blog calling for suggestions on what he should say to Her Majesty.

Mr Griffin described the decision as "an outrage" and "thoroughly anti-British".



never let desperation get in the way of judgement.
by ceebs (ceebs (at) eurotrib (dot) com) on Thu Jul 22nd, 2010 at 08:35:31 AM EST
[ Parent ]
Balkan Insight:
The International Court of Justice has found that Kosovo's declaration of independence did not violate international law.
The top UN court began the announcement of its advisory opinion at 3pm today, and it is expected to conclude its remarks at 6pm.

Earlier today two well placed sources told Balkan Insight that nine out of 14 judges considering the International Court of Justice's case on whether Kosovo's declaration of independence was legal voted in favour of the view that the move `does not run counter to international law'.

Four from the 15-strong panel, which includes the chairman, voted against and one abstained, according to two diplomats working for different international organisations in Pristina.

One source told Balkan Insight that Belgrade had been informed yesterday.

Balkan Insight has been unable to independently verify this information.

by gk (g k quattro due due sette "at" gmail.com) on Thu Jul 22nd, 2010 at 10:04:33 AM EST
[ Parent ]
Hopefully this ruling will pave the way for recognition of other breakaway regions in the world including post-soviet states, taiwan, darfur etc. It will be interesting to see whether the West recognize them or will continue on insisting of "territorial integrity" of Georgia, Azerbaijan, Moldova and so on.
by FarEasterner (avdavydov@yandex.ru) on Thu Jul 22nd, 2010 at 10:31:39 AM EST
[ Parent ]
Not to mention Northern Cyprus... BTW, the rumour has been confirmed.
by gk (g k quattro due due sette "at" gmail.com) on Thu Jul 22nd, 2010 at 10:37:21 AM EST
[ Parent ]
Please continue discussing this on the Front Page.

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan
by Migeru (migeru at eurotrib dot com) on Thu Jul 22nd, 2010 at 10:40:54 AM EST
[ Parent ]
Since you mention Georgia, it will also be interesting to see whether Russia or Spain will recognise Kosovo now.

As for Moldova, there doesn't seem to be much appetite fore reunification with Romania. Oh, wait, you were talking about Transdnistria... It gets so confusing...

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan

by Migeru (migeru at eurotrib dot com) on Thu Jul 22nd, 2010 at 10:37:24 AM EST
[ Parent ]
I don't see immediate reaction given the persisting mistrust between the sides. Russians think of the West as treacherous (by history of making and breaking promises) so Russians will block international recognition of Kosovo until the West recognize Russian protectorates. The West meanwhile doesn't think it needs Russian recognition too much while support for "territorial integrity" of some states is purely political if not rhetorical. So expect status quo to continue.
by FarEasterner (avdavydov@yandex.ru) on Thu Jul 22nd, 2010 at 10:49:05 AM EST
[ Parent ]
by afew (afew(a in a circle)eurotrib_dot_com) on Wed Jul 21st, 2010 at 11:42:08 AM EST
No Sign of Financial Regulation - IPS ipsnews.net
BERLIN, Jul 20, 2010 (IPS) - More than three years after the start of the financial crisis that brought the world economy to the brink of collapse, the governments of industrialised countries are still struggling to reach a consensus on the minimum regulation required for the operations of international banks and hedge funds.

This was confirmed just ahead of the meeting of the Group of Twenty (G-20) in Toronto last month, a summit of the world's largest economies, including several developing countries, like India, Brazil and Indonesia, and the European Union (EU).

Even though the EU agreed to propose at the summit the introduction of a tax on international financial transactions, also called Tobin tax, this scheme was not approved at the meeting. Canadian minister of finance Jim Flaherty told the press ahead of the meeting: "I can assure you that the majority of the G- 20 is opposed to this tax."

The German finance minister, Wolfgang Schaeuble, also excluded the possibility of Germany alone raising the tax. At a press conference in Berlin late last month, he contended that the EU collectively must raise the tax.

The German government is the main supporter of the Tobin tax in Europe. Most European countries except Britain support a tax on financial transactions. Britain opposes it vehemently, arguing that the tax would raise costs of financial operations, compelling operators to operators to move their base of operation elsewhere.
by afew (afew(a in a circle)eurotrib_dot_com) on Wed Jul 21st, 2010 at 11:59:14 AM EST
[ Parent ]
Obama signs reform of financial rules into law - Business - Consumer news - msnbc.com

WASHINGTON -- U.S. President Barack Obama signed into law the most sweeping financial regulatory overhaul since the Great Depression Wednesday, saying that the new laws will foster innovation, not hamper it.

Speaking at the Ronald Reagan Building in Washington, D.C., Wednesday morning, Obama noted that over the past two years the nation has faced the worst recession since the Great Depression, with millions of Americans losing their jobs and watching the value of their retirement savings decline.



never let desperation get in the way of judgement.
by ceebs (ceebs (at) eurotrib (dot) com) on Wed Jul 21st, 2010 at 12:45:17 PM EST
[ Parent ]
EU calls time on loss-making coal mines - BBC

Loss-making coal mines across the EU will have to close over the next four years, the European Commission says.

State subsidies for such mines will only be allowed if a closure plan is in place. Production subsidies are to be replaced by social and environmental aid for affected areas.

by Sassafras on Wed Jul 21st, 2010 at 01:18:24 PM EST
[ Parent ]
Massive engineering solutions to massive engineering problems. Oh boy~!

Never underestimate their intelligence, always underestimate their knowledge.

Frank Delaney ~ Ireland

by siegestate (siegestate or beyondwarispeace.com) on Thu Jul 22nd, 2010 at 07:30:50 AM EST
[ Parent ]
AWWWwwwww

Baidu Inc., operator of China's most popular online search engine, reported second-quarter profit that beat analysts' estimates as a censorship dispute with Chinese regulators hampered main rival Google Inc.

Net income for the three months ended June more than doubled to 837.4 million yuan ($123.6 million), or 2.40 yuan per American depositary receipt, Baidu said today in a statement. That exceeded the 710.4 million yuan average of 14 analysts' estimates compiled by Bloomberg. In the year-earlier period, Baidu's profit was 383.3 million yuan, or 1.10 yuan per ADR.

Baidu gained advertisers from Google after the U.S. company shut its China-based search site in March and redirected local users offshore to avoid censorship rules in the world's biggest online market. The Beijing-based company's stock has climbed 78 percent in U.S. trading this year, making it the best performer in the Morgan Stanley Internet Index.

"We believe the market-share gain for Baidu versus the market-share loss for Google is likely related to Google China's partial exit [!]," Citigroup Inc. analyst Alicia Yap wrote in a July 19 report. The changes in Google's China site "caused increasingly bad user experiences," according to Yap.

Read more...



Diversity is the key to economic and political evolution.
by Cat on Wed Jul 21st, 2010 at 07:01:24 PM EST
[ Parent ]
Chinese net operators are indeed very sophisticated at monetizing their web-properties like Tencent (N3 in China) which owns online games business. Russians also were quite inventive, selling "virtual goods" in popular social networks. [Virtual goods are just postcards or friendship points inside networks and people stupidly crazy about them]. So what about Facebook and Twitter, when they start to monetize massive followings? Any news on fresh losses?
by FarEasterner (avdavydov@yandex.ru) on Wed Jul 21st, 2010 at 07:12:31 PM EST
[ Parent ]
"The last time Facebook announced its total worldwide traffic, it said it had 400 million monthly active users. That was February, three months after it said it had reached 350 million. Now, five months later, the company is planning to announce that has gained 100 million new users to reach the half a billion mark....

"Using Facebook's advertising tool, we've been tracking country and demographic data, and we've observed rises and dips within countries and regions even as the worldwide traffic total has grown. In places where Facebook grew first -- the US, and some European countries, especially -- we've observed more weak months as the service has penetrated more of the total population. The fact that so many people are on Facebook means that there aren't many more people left who can join....

"So, whether from new countries or old, Facebook founder Mark Zuckerberg recently said that he thinks the company can reach a billion users. He shared more about that, during a recent talk at the Cannes Lions International Advertising Festival [!].

"'We know that a country has tipped when local-to-local connections outnumber local to foreign," he said, as The Financial Times reported. "It is a long-term thing we are probably not going to win in six months, not in a year... things look promising in three to five years out.'" Read more...

Diversity is the key to economic and political evolution.

by Cat on Wed Jul 21st, 2010 at 07:40:59 PM EST
[ Parent ]
I suppose, "tipped" is the NEW! saturated.

Diversity is the key to economic and political evolution.
by Cat on Wed Jul 21st, 2010 at 07:46:52 PM EST
[ Parent ]
beta (2009) department

Grow your community
The members gadget makes registration simple, letting users sign in to your website with existing account information (e.g. Google, Yahoo, AOL) so they spend less time filling in forms, and more time exploring your site. The members gadget also lets users create or import profiles (e.g. Twitter), discover other users, and send private messages to each other....

More relevant ads
Associate your Friend Connect account with your AdSense account to display ad units that match the interests users publicly share on your website. You can choose the exact ad units that take users' interests into consideration.

Your site, your data
Review the interests users share and your site's membership growth from inside your Friend Connect account. You can export your site's data at any time for spreadsheet analysis or to integrate with third party services.

Read more...



Diversity is the key to economic and political evolution.
by Cat on Thu Jul 22nd, 2010 at 07:39:25 AM EST
[ Parent ]
The European TribuneUS Economy Will Return To December 2007 Employment Levels... In 2021!   Zero Hedge

Even as Bernanke is receiving his last minute briefing on what to say (everything, EVERYTHING, is good) and what to play dumb on (explaining the price of gold for example), a new report by the Center for Economic and Policy Research concludes that digging ourselves out of the current unemployment hole, which is 7.5 million less people having jobs than did in December 2007, will take at least 4 years, and not occur prior to March 2014. However, this assumes a flat working-age population, something the Fed would love to be the case. Alas, the country is growing: and if one incorporates the effects of labor force growth into the above analysis, as the CEPR authors have done using CBO projections, then we may have a much larger problem on our hands: the study concludes that taking into account the approximately 14 million new job seekers in the future, then the December 2007 unemployment rate will not be met until April 2021! Welcome to the new normal. Of course, both of these analyses assume that the economy will immediately commence growing and generating jobs at the recovery rate seen in the 2000s, when about 166,000 jobs per month were being added. With every month that this does not happen the 2021 date will continue being pushed out further into the future. Perhaps one of the Senators today can ask a question of Bernanke just how he plans on reconciling this glaringly simple explanation for why the US economy will be underwater for a period of over a decade.

However, it would not be inconceivable for birth rates to go down and infant deaths to increase over this period. That would warm the hearts of Malthusians.

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 Wed Jul 21st, 2010 at 07:47:04 PM EST
[ Parent ]
I think he's not trying hard enough.  Here's my analysis from last month:

As you can see, a straightforward short window differential linear extrapolation leads to the much more promising recovery in just a few years.

by njh on Wed Jul 21st, 2010 at 08:50:32 PM EST
[ Parent ]
True, but why do you assume a steeper rate of job growth than occurred from 2002-2007? What has happened to enable greater job growth now?

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 Wed Jul 21st, 2010 at 09:16:32 PM EST
[ Parent ]
I based it purely on the rate of growth recorded that month.  Historically I'm sure similar periods of growth have been recorded.
by njh on Wed Jul 21st, 2010 at 09:19:26 PM EST
[ Parent ]
Extrapolate much?
by asdf on Thu Jul 22nd, 2010 at 12:14:07 AM EST
[ Parent ]
Well we can go all doomtastic and note that farm laborers are going to be in heavy demand within a decade or two...

you are the media you consume.

by MillMan (millguy at gmail) on Thu Jul 22nd, 2010 at 02:08:00 AM EST
[ Parent ]
What bullshit.

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan
by Migeru (migeru at eurotrib dot com) on Thu Jul 22nd, 2010 at 04:41:24 AM EST
[ Parent ]
Ah, a man of few words.  I love it.

I love the smell of roast chicken in the morning!
by THE Twank (yatta blah blah @ blah.com) on Thu Jul 22nd, 2010 at 06:50:07 AM EST
[ Parent ]
Not really.

One of the problems has been that the "real" unemployment rate and official figures have diverged because the labor force has basically held steady, being down 125,000 since December of 2007, while the civilian non-institutional population has increased by 4,534,000 in the same period.

If we assume that the same number of people want a job, but just aren't being counted, that means that there are 19,157,000 unemployed in the US instead of 14,623,000.  And the unemployment rate grows from 9.5% to 12.1%.

Why actually worry about getting people employed when you can just stop counting the unemployed?

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 Thu Jul 22nd, 2010 at 08:21:11 AM EST
[ Parent ]
No problems with anything of what you're saying, but don't you think both the black and blue lines in that chart are bullshit?

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan
by Migeru (migeru at eurotrib dot com) on Thu Jul 22nd, 2010 at 08:43:15 AM EST
[ Parent ]
No I think that they are honest.  

You could put up the pretense that you are including the stochastic element by throwing some wiggle into them, but in the end projections are estimate of what can happen no predictions of what will.......

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 Thu Jul 22nd, 2010 at 08:59:30 AM EST
[ Parent ]
Okay, bullshit but not dishonest.

The Federal reserve, BLS and CBO haven't graduated from point estimates to confidence intervals? Can I fail them undergraduate statistics retroactively and throw them out of their jobs?

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan

by Migeru (migeru at eurotrib dot com) on Thu Jul 22nd, 2010 at 09:04:39 AM EST
[ Parent ]
So you're suggesting that they run regressions using the recovery data from the different recovery periods in order to get a better estimate?  

Of course it's still a constant coefficient term, but a better one?  

Of course with month based statistics, won't the n be small producing explosive standard errors?

I think that these guys (the report is from the CEPR,not BLS or CBO) are working with the data that they have, which isn't granular enough to produce detailed estimates. Plus, I don't see who you can escape the linear extrapalation problem when you are are looking at the future.

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 Thu Jul 22nd, 2010 at 09:14:29 AM EST
[ Parent ]
Basically they'd be forced to recognise they can't forecast 10 years out with the data they have without producing absurdly wide confidence intervals...

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan
by Migeru (migeru at eurotrib dot com) on Thu Jul 22nd, 2010 at 09:41:55 AM EST
[ Parent ]
Do you mean to imply that in the long run economists are about as reliable as crystal balls?

I can get down with that.

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 Thu Jul 22nd, 2010 at 10:03:45 AM EST
[ Parent ]
There are economists that know what they're doing, are aware if its limitations and are honest about them. Such as Steve Keen
This next view shows 3 of those dimensions (excluding government spending), and the 2 dimensional view of the previous simulation is shown as a shadow below the 3D shape):

So the output of non-equilibrium models can be "pretty"-it's just the picture they craft of capitalism that isn't pretty.
And then there are ignorant, blind or dishonest forecasters.

In the long term, economists may be reliable as long as they don't try to pretend they can forecast sharply. Like weathermen.

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan

by Migeru (migeru at eurotrib dot com) on Thu Jul 22nd, 2010 at 10:21:43 AM EST
[ Parent ]
Extrapolating from the tiny downward slope in July might be more accurate.

The upward slope is good comedy - I presume it's unintentional, but it's not always easy to tell.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Thu Jul 22nd, 2010 at 10:27:03 AM EST
[ Parent ]
Then again, the July figures might be a reflection of the end of the employment intensive part of the Census.  So I'm inclined to say that things have been shit for a while, never really got better, and that it remains to be seen whether the pulling of stimulus will only result in stagnation or kickstart us into another round of economic freefall.

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 Thu Jul 22nd, 2010 at 10:31:57 AM EST
[ Parent ]
When combined with AusterityTM in Europe my bets are that "the pulling of stimulus will only result in stagnation or kickstart us into another round of economic freefall. Only from a purely domestic point of view and for only the German economy could AusterityTM be justified, and they have already been on that diet for several years. And we have not dealt with bad mortgage debt. The only way not dealing with mortgage debt could be sustainable in the long run would be for the world economy to boom, and even then it would likely be necessary to re-inflate the real estate bubble. As real estate continues to drop the debt overhang will continue to produce crises. Or is there something fundamental I am missing?

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer at eurotrib.com) on Fri Jul 23rd, 2010 at 02:00:47 PM EST
[ Parent ]
China: The US Is "Insolvent and Faces Bankruptcy"  Jesse's Café Américain

The common thought amongst even reasonably educated and economically literate Americans is that China is 'stuck with US Treasuries' and has no choice, so it must perform within the status quo and do as the US wishes, or face a ruinous decline in their reserve holdings of US Treasuries.

And with real short term US Treasury interest rates decidedly negative, meaning that it is costing you money to hold dollars, there is a case to be made that there are a lot of 'price takers' out there in this world. Wow, they are just that good, aren't they. Having their heyday in a genuine deflation. A subtle tax levied on all holders of US dollars, probably more significant because of the official understantement of inflation. Yo, come git some.

I think China is already diversifying their reserve portfolio, and more stealthily and effectively than one would imagine. Further, I suspect that through the use of hedging short positions and derivatives such as Credit Default Swaps, China would be able to cover a greater portion of its reserves than the common mind might allow. And if this is in reality one theater in a global struggle for power, sacrificing a pawn or two, and even a bishop, would be a small price to pay to bring down the world's remaining superpower, as indirectly and gracefully as is possible. War is never cheaply waged.

It would most certainly be a nuclear option to outright dump Treasuries outright, and would raise the ire of what is still a formidable military power. But it is the Western mind that is so incapable of seeing the many shades of gray in every situation, the subtle gradations in a range of choices that I believe China not only sees but is already actively pursuing.

Exhibit A from Jesse's post:


China rating agency condemns rivals  Financial Times

The head of China's largest credit rating agency has slammed his western counterparts for causing the global financial crisis and said that as the world's largest creditor nation China should have a bigger say in how governments and their debt are rated.

"The western rating agencies are politicised and highly ideological and they do not adhere to objective standards," Guan Jianzhong, chairman of Dagong Global Credit Rating, told the Financial Times in an interview. "China is the biggest creditor nation in the world and with the rise and national rejuvenation of China we should have our say in how the credit risks of states are judged."

....

"The financial crisis was caused because rating agencies didn't properly disclose risk and this brought the entire US financial system to the verge of collapse, causing huge damage to the US and its strategic interests," Mr Guan said.

....

"The US is insolvent and faces bankruptcy as a pure debtor nation but the rating agencies still give it high rankings ," Mr Guan said. "Actually, the huge military expenditure of the US is not created by themselves but comes from borrowed money, which is not sustainable."

Jesse's conclusion:

China is not the only country that resents the devastating frauds that the US has perpetrated on not only its own people but the rest of the world through its Wall Street banks and ratings agencies.

Most Americans overlook this developing estrangement that is beginning to isolate the US and UK from even their traditional allies in Europe and South America and Asia. This is a serious error, but so typical of the short term mentality dominated by greed, dishonesty, and self-delusion that captured the American psyche in the latter part of The New American Century. But what choice does Europe have except to take what the Anglo-Americans serve them. Take it or leave it. And ain't currency war hell?

It never pays to have a 'checkerboard mentality' when your opponent is playing Go."

If you enjoyed how well the Dynamic Stochastic General Equilibrium Model employed by US mainstream economists guided us through the ongoing Great Clusterfuck you will really enjoy how it plays when our greatest creditor China employs its own "rational expectations". Who knows. They might even hire Goldman to advise them.

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 Wed Jul 21st, 2010 at 08:28:10 PM EST
[ Parent ]
Chairman Ben S. Bernanke
Semiannual Monetary Policy Report to the Congress
Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, Washington, D.C.
July 21, 2010: two highlights

  • "One approach is for the Committee to adjust its reinvestment policy--that is, its policy for handling repayments of principal on the securities--to gradually normalize the portfolio over time. Currently, repayments of principal from agency debt and MBS are not being reinvested, allowing the holdings of those securities to run off as the repayments are received. By contrast, the proceeds from maturing Treasury securities are being reinvested in new issues of Treasury securities with similar maturities. At some point, the Committee may want to shift its reinvestment of the proceeds from maturing Treasury securities to shorter-term issues, so as to gradually reduce the average maturity of our Treasury holdings toward pre-crisis levels, while leaving the aggregate value of those holdings unchanged. At this juncture, however, no decision to change reinvestment policy has been made."

  • "Underwriting standards - At most meetings, both small businesses and banks acknowledged that underwriting standards had tightened. Some small businesses reported that underwriting changes made access to credit more difficult, but not impossible, while others found the changes to be a significant hurdle to obtaining credit. Many banks acknowledged that lending standards had become more flexible prior to the economic downturn and that they since have returned to more traditional underwriting practices.... Greater focus on cash flow - Some banks acknowledged that prior to the economic crisis, credit scores or collateral values, often inflated [cva], were sometimes more important than cash flow in underwriting a small business loan. Banks and small businesses both concurred that strong cash flow is now one of the chief underwriting criteria. [cva]"

Read more...

Diversity is the key to economic and political evolution.
by Cat on Wed Jul 21st, 2010 at 08:43:43 PM EST
[ Parent ]
More Bernanke:
All of the loans extended through the multiborrower facilities that have come due have been repaid in full, with interest. In addition, the Board does not expect the Federal Reserve to incur a net loss on any of the secured loans provided during the crisis to help prevent the disorderly failure of systemically significant financial institutions.

I guess this does not include AIG and the money the NY Fed provided via AIG to Goldman etc. Nor the >>$1 trillion in QE. And how does he account for the interest paid by the Fed on "excess reserves" held by the TBTFs and other TARP recipients, courtesy of QE. What about Fanny and Freddie?

This is what Dylan Rattigan calls "The Big TARP Lie".

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 Wed Jul 21st, 2010 at 09:12:05 PM EST
[ Parent ]
China: The US Is "Insolvent and Faces Bankruptcy"

Well duuuuuuuh!  Since when is this news?


I love the smell of roast chicken in the morning!

by THE Twank (yatta blah blah @ blah.com) on Thu Jul 22nd, 2010 at 06:53:26 AM EST
[ Parent ]
Deficit Doves Meet the Deficit Owls  By Paul Davidson, James K. Galbraith and Lord Robert Skidelsky       New Economic Perspectives

"We three were each asked to sign the letter organized by Sir Harold Evans and now co-signed by many of our friends, including Joseph Stiglitz, Robert Reich, Laura Tyson, Derek Shearer, Alan Blinder and Richard Parker. We support the central objective of the letter -- a full employment policy now, based on sharply expanded public effort. Yet we each, separately, declined to sign it.

Our reservations centered on one sentence, namely, "We recognize the necessity of a program to cut the mid-and long-term federal deficit..." Since we do not agree with this statement, we could not sign the letter.

Why do we disagree with this statement? The answer is that apart from the effects of unemployment itself the United States does not in fact face a serious deficit problem over the next generation, and for this reason there is no "necessity [for] a program to cut the mid-and long-term deficit."

On the contrary: If unemployment can be cured, the deficits we presently face will necessarily shrink. This is the universal experience of rapid economic growth: tax revenues rise, public welfare spending falls, and the budget moves toward balance. There is indeed no other experience in modern peacetime American history, most recently in the late 1990s when the budget went into surplus as full employment was reached.

We agree that health care costs are an important issue. But health care is a burden faced by both the public and private sectors, and cost control is a job for health policy, not budget policy. Cutting the public element in health care - Medicare, especially - in response to the health care cost problem is just a way of invidiously targeting the elderly who are covered by that program. We oppose this.



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 Thu Jul 22nd, 2010 at 12:13:09 AM EST
[ Parent ]
FT.com / FTfm / View from the US - The shale gas fairytale continues
Yes, shale gas is there, but it is expensive to produce, and there is much, much less of it available at today's low prices than policy people, investors, and energy consumers are counting on. It is not a cheap and simple way to replace coal (in America), or Russian gas supplies (in Europe). I am, however, humbled in the presence of the marketing genius of the promoters who have convinced so many people to buy the story.


"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Thu Jul 22nd, 2010 at 05:33:06 AM EST
[ Parent ]
there is indeed a lot of gas that can be produced at at a higher price.

The "low price" he's talking about is the US gas price, which has been depressed precisely by... the massive development of shale gas.

Compared to European gas prices, it looks pretty interesting.

If it is developed in Europe on the American model, then (with some big assumptions : discovery/development/production prices comparable to the US, and large quantities available), then that might have the interesting effect of driving prices down, damaging Russia. If, on the other hand, it was developed as a strategic asset, it might, for example, replace brown coal.

But that would require a European energy policy.

by eurogreen on Fri Jul 23rd, 2010 at 06:37:41 AM EST
[ Parent ]
European Bank Stress Tests Said to Describe Three Scenarios - Bloomberg
European regulators plan to detail three scenarios when they publish the results of their stress tests on the region's banks this week, according to a document by the Committee of European Banking Supervisors.

Banks will publish their estimated Tier 1 capital ratios under a benchmark for 2011, an adverse scenario and a third test that includes "sovereign shock," according to a template prepared by CEBS for the banks and obtained by Bloomberg News.

In the last scenario, banks will publish their estimated losses on sovereign debt held in their trading book as well as "additional impairment losses on the banking book" that they may suffer after a sovereign debt crisis, according to the document dated July 15.



"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Thu Jul 22nd, 2010 at 06:02:15 AM EST
[ Parent ]
Thailand joins Asian central bankers taking on Greenspan | beyondbrics | FT.com
First it was Indonesia, then South Korea. Inspired by the strength of an Asian recovery that has left the western developed world standing, regional central bankers are challenging old Western orthodoxies, and are embracing once dreaded capital controls.
...
It is no surprise this newest trend is gaining force in Asia, as global liquidity from developed countries sloshes into the region and central bankers, increasingly concerned about controlling rising inflation and looming asset bubbles, look for a policy toolkit to control these inflows. Thailand's central bank governor is just the latest to publicly challenge the status quo.


"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Thu Jul 22nd, 2010 at 06:08:35 AM EST
[ Parent ]
Double dip in the Baltic - Telegraph Blogs
It makes little sense arguing about the BDI without taking into account the blizzard of dire data from the US over recent weeks, and the turn in the OECD leading indicators for China, India, Brazil, France, Italy, the UK, and Canada - ie, the world economy minus Germany (which is a special case with a rigged currency).

China's campaign of lending curbs to cool the property sector are starting to bite... There was sharp slowdown in Chinese industrial output in tail-end of Q2. Baoshan Iron and Steel has cut steel prices for the last two months, and China Steel Corp (in Taiwan) followed this week. Lloyd's List has reported warnings that some Chinese steel makers may default on contracts with shippers.

When the US Federal Reserve reveals suddenly that it may abandon its exit strategy and resort instead to another blitz of stimulus - ie, QE2 - it is surely worth asking why. Leaving aside the collapse in the ECRI leading indicator last week to -9.8 (a level that has always preceded recession in the post-war era, but may of course be wrong this time because we are in a zero-rate, mega-stimulus, fin de regime, total upheaval that makes any comparison with past cycles meaningless), there are some hard facts.



"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Thu Jul 22nd, 2010 at 07:11:52 AM EST
[ Parent ]
by afew (afew(a in a circle)eurotrib_dot_com) on Wed Jul 21st, 2010 at 11:43:04 AM EST
BURMA: Loophole Gives Junta Room to Go Nuclear in Secrecy - IPS ipsnews.net
BANGKOK, Jul 21, 2010 (IPS) - Thanks to a loophole in the international regime to control the proliferation of nuclear weapons, military-ruled Burma could very well carry out its reported intent to go nuclear behind a veil of secrecy, free of scrutiny from the International Atomic Energy Agency (IAEA).

That is the privilege the South-east Asian nation enjoys under the Small Quantities Protocol it signed with the Vienna-based IAEA in April 1995, three years after Burma, also known as Myanmar, became party to the Nuclear Non- Proliferation Treaty (NPT).

This protocol allows parties to the treaty, which seeks to build a global nuclear non-proliferation regime, to have up to 10 tonnes of natural uranium and 2.2 pounds of plutonium without having to report such possessions to the IAEA.

This means also that countries like Burma do not have to open their doors to IAEA inspection teams and can avoid disclosing details about new nuclear facilities until six months before these start operations.

It is of little wonder, then, why a former IAEA director is urging Burma to clear the air about its reported nuclear plans by becoming a party to the Additional Protocol of the NPT, which gives the IAEA more powers to inspect nuclear activity in a country.
by afew (afew(a in a circle)eurotrib_dot_com) on Wed Jul 21st, 2010 at 11:58:32 AM EST
[ Parent ]
Bashir defies arrest warrant for war crimes with visit to Chad - France24

AP - President Omar al-Bashir arrived in Chad onWednesday for an African summit, the first time Sudan's leader has risked arrest by traveling to a member state of the International Criminal Court.

Bashir faces charges of genocide and crimes against humanity for atrocities committed in Darfur. Because Chad is a member of the ICC, it could have Bashir arrested, but Sudan's government spokesman indicated he did not think that would happen.

by Sassafras on Wed Jul 21st, 2010 at 12:18:03 PM EST
[ Parent ]
US imposes new sanctions on N Korea  - Al Jazeera

The United States will impose new sanctions on North Korea in a bid to stem its nuclear weapons ambitions, Hillary Clinton, the US secretary of state, said.

Clinton said the measures were designed to stamp out illegal money-making ventures used to fund the nuclear programme.

by Sassafras on Wed Jul 21st, 2010 at 01:31:14 PM EST
[ Parent ]
DAWN.COM | World | Car bomb kills 28 in northern Iraq

BAQUBA: A car bomb near a mosque in the city of Baquba, north of Baghdad, killed 28 people and wounded 46 on Wednesday, security officials said.

The bomb in a car parked near a Shia mosque in the city exploded at around 1500 GMT, an official from Baquba Operations Command said.

Police have imposed a curfew in the city's Abu Sayeeda neighbourhood as they suspect there may be more bombs in the area, the official said.



never let desperation get in the way of judgement.
by ceebs (ceebs (at) eurotrib (dot) com) on Wed Jul 21st, 2010 at 01:50:48 PM EST
[ Parent ]
Billionaire Pedophile Goes Free - Yahoo! News
NEW YORK - Hedge fund mogul Jeffrey Epstein becomes a free man today, five years after he was first accused of sexually abusing underage girls. After months of reporting, The Daily Beast's Conchita Sarnoff reveals exclusive details of the investigation and the legal wrangling that saved him from a long prison term. She reports:


never let desperation get in the way of judgement.
by ceebs (ceebs (at) eurotrib (dot) com) on Wed Jul 21st, 2010 at 04:14:11 PM EST
[ Parent ]
justice may be blind, but she does like a bung.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Thu Jul 22nd, 2010 at 12:22:13 PM EST
[ Parent ]
Honduras: The headlines in many newspapers across Central America ... pronounced Wednesday morning that Honduras was "approved to reincorporate itself into SICA [Central American Integration System]".

But is that really true? The Presidents of all the Central American countries except Nicaragua met in El Salvador and reportedly issued a proclamation urging the OAS to rapidly reincorporate Honduras back into the OAS. That would be news, but of course, is not the same thing as being reincorporated into SICA.

Economist Intelligence Unit - According to a household survey conducted by the Puerto Rican Department of Labor, unemployment rose in April to an all-time high of 16.9% (221,000 people), compared with 14.3% in December 2009 and 13.1% in December 2008, indicating a worsening trend. (...) Although stimulus funds will continue to flow throughout 2010, it is unlikely that these will be able to boost economic activity, private consumption and employment as [Puerto Rico Governor] Mr. [Luis] Fortuño had first promised. This will complicate the government's plans to implement highly unpopular measures necessary to reduce fiscal imbalances. Thus far Mr Fortuño has avoided a government shutdown (as occurred in May 2006 when the government could not meet payroll costs) in part by cutting 30,000 public-sector jobs, but as the recession lingers there will be little political appetite for similar measures. Although Mr Fortuño has put forward a slightly smaller budget for 2010/11, political pressures and a poor revenue outlook will preclude any significant fiscal improvements. After rising above 5% of GNP in 2008/09, the Economist Intelligence Unit expects the fiscal deficit to remain above 4% of GNP in the forecast period.


"Beware of the man who does not talk, and the dog that does not bark." Cheyenne
by maracatu on Wed Jul 21st, 2010 at 06:44:29 PM EST
[ Parent ]
by afew (afew(a in a circle)eurotrib_dot_com) on Wed Jul 21st, 2010 at 11:43:35 AM EST
Space Solutions Proposed To Lessen Africa's Vulnerability To Natural Disasters
Africa faces a mounting number of disasters, such as floods, drought, food security and the spread of diseases, but must also deal with the likely impact of global climate change that could intensify these problems.

To help tackle these tragic threats to Africa's human and economic well-being, space-based technologies are being identified.

Nearly a 100 decision-makers and senior experts on disaster-risk management from African countries, Europe, the Middle East and America met July 6-9 in Addis Ababa, Ethiopia.

This notable gathering of officials was organized by the United Nations Platform for Space-based Information for Disaster Management and Emergency Response, known as UN-SPIDER together with the United Nations Economic Commission for Africa (ECA) with support of the Government of Austria and in cooperation with Secure World Foundation.

The UN ECA called for more use of space-based technologies in Africa.

by afew (afew(a in a circle)eurotrib_dot_com) on Wed Jul 21st, 2010 at 11:48:03 AM EST
[ Parent ]
Aquatic Dead Zones
The size and number of marine dead zones-areas where the deep water is so low in dissolved oxygen that sea creatures can't survive-have grown explosively in the past half-century. Red circles on this map show the location and size of many of our planet's dead zones. Black dots show where dead zones have been observed, but their size is unknown.

It's no coincidence that dead zones occur downriver of places where human population density is high (darkest brown). Some of the fertilizer we apply to crops is washed into streams and rivers. Fertilizer-laden runoff triggers explosive planktonic algae growth in coastal areas.

The algae die and rain down into deep waters, where their remains are like fertilizer for microbes. The microbes decompose the organic matter, using up the oxygen. Mass killing of fish and other sea life often results.

Satellites can observe changes in the way the ocean surface reflects and absorbs sunlight when the water holds a lot of particles of organic matter. Darker blues in this image show higher concentrations of particulate organic matter, an indication of the overly fertile waters that can culminate in dead zones.

by afew (afew(a in a circle)eurotrib_dot_com) on Wed Jul 21st, 2010 at 11:49:36 AM EST
[ Parent ]
Wind and Solar Energy Power Antarctic Research Stations | Eco Friendly Mag
The National Renewable Energy Laboratory is partnering with the National Science Foundation to illustrate the usefulness of renewable energy in the most extreme climate conditions on Planet Earth. While summer reigns supreme in North America, faraway American outposts hibernate in the undying dark of an Antarctic winter. There, wind energy systems are currently helping to power research stations by capturing energy embedded in the polar winds. In the polar summer, when Antarctica trades endless night for endless sunshine, solar panels will take their turn


never let desperation get in the way of judgement.
by ceebs (ceebs (at) eurotrib (dot) com) on Wed Jul 21st, 2010 at 12:45:41 PM EST
[ Parent ]
Solar panels are simply not economical in polar climates.
by njh on Wed Jul 21st, 2010 at 08:54:34 PM EST
[ Parent ]
China's worst-ever oil spill threatens wildlife as volunteers assist in clean-up - Guardian

Chinese officials have warned of a severe threat to wildlife from one of the country's worst reported oil spills as an army of volunteers was dispatched to beaches to try to head off the black tides.

At least one man has drowned in crude during the clean-up operation, which has expanded as the area of the slick has doubled in size despite earlier government assurances that it was being contained and posed no risk to ecologically sensitive areas.

by Sassafras on Wed Jul 21st, 2010 at 01:41:56 PM EST
[ Parent ]
At least one man has drowned in crude ...

Would love to see that YouTube.

I love the smell of roast chicken in the morning!

by THE Twank (yatta blah blah @ blah.com) on Thu Jul 22nd, 2010 at 06:58:27 AM EST
[ Parent ]
BBC News - EU calls time on loss-making coal mines

Loss-making coal mines across the EU will have to close over the next four years, the European Commission says.

State subsidies for such mines will only be allowed if a closure plan is in place. Production subsidies are to be replaced by social and environmental aid for affected areas.

The new regulation targets hard coal - not lignite (brown coal).

Most subsidies go to mines in Germany's Ruhr region, north-west Spain and Romania's Jiu Valley.



never let desperation get in the way of judgement.
by ceebs (ceebs (at) eurotrib (dot) com) on Wed Jul 21st, 2010 at 01:48:37 PM EST
[ Parent ]
UN lists Kyoto 'plan B' options if climate talks fail | Environment | guardian.co.uk

The UN is considering reducing the number of countries involved in faltering international climate talks in an effort to push through a deal.

In a document published yesterday, the United Nations Framework Convention on Climate Change (UNFCCC) outlined the idea among back-up plans if stalled talks fail to produce a successor to the Kyoto protocol, which expires in 2012.

Countries which are party to the Kyoto protocol in June asked the UN climate secretariat to report on legal options to avoid a political vacuum or gap. Legal remedies to avoiding a gap focus on tweaks to the treaty, such as cutting the number of countries required to approve any new targets or extending the existing caps to 2013 or 2014, the UN document said.



never let desperation get in the way of judgement.
by ceebs (ceebs (at) eurotrib (dot) com) on Wed Jul 21st, 2010 at 01:54:18 PM EST
[ Parent ]
BP admits using Photoshop to exaggerate oil spill command centre activity | Environment | guardian.co.uk

BP acknowledges it posted on its website an altered photo that exaggerates the activity at its Gulf oil spill command centre in Houston.

The picture posted over the weekend showed workers monitoring a bank of 10 giant video screens displaying underwater images.

The spokesman Scott Dean said yesterday that three screens were blank in the original picture and a staff photographer used Photoshop software to add images.



never let desperation get in the way of judgement.
by ceebs (ceebs (at) eurotrib (dot) com) on Wed Jul 21st, 2010 at 01:55:20 PM EST
[ Parent ]
Gee, BP being assholes, what a surprise.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid (arvid.hallen at gmail.com) on Wed Jul 21st, 2010 at 05:40:06 PM EST
[ Parent ]
Nebraska Celebrates Groundbreaking for Wind Farm - MarketWatch

PETERSBURG, Neb., Jul 21, 2010 (BUSINESS WIRE) -- State and local officials and community leaders attended a ceremonial groundbreaking held today for the Laredo Ridge Wind project near Petersburg.

The project was developed by Midwest Wind Energy, LLC of Chicago and is owned and operated by Laredo Ridge Wind, LLC, an affiliate of Edison Mission Group (EMG) of Irvine, Calif., a subsidiary of Edison International /quotes/comstock/13*!eix/quotes/nls/eix (EIX 32.30, -0.70, -2.11%) . All of the electricity produced at the site will be sold under a 20-year contract to the Nebraska Public Power District (NPPD).



never let desperation get in the way of judgement.
by ceebs (ceebs (at) eurotrib (dot) com) on Wed Jul 21st, 2010 at 03:56:30 PM EST
[ Parent ]
Nebraska Public Power District

Nebraska Public Power District is Nebraska's largest electric utility, with a chartered territory including all or parts of 91 of Nebraska's 93 counties. It was formed on Jan. 1, 1970, when Consumers Public Power District, Platte Valley Public Power and Irrigation District (PVPPID) and Nebraska Public Power System merged to become Nebraska Public Power District. Merger properties also included assets formerly operated by Loup River Public Power District. NPPD is a public corporation and political subdivision of the state of Nebraska. The utility is governed by an 11-member Board of Directors, who are popularly elected from NPPD's chartered territory.

Illustrating that it was possible to create public entities serving public interests as late as 1970 in the USA. Nebraska does have some notable populist :history

"The sea of Nebraska" is what the first settlers coming west called the Platte River--not actually a single river, but a braid of streams that weaves a silver chain around sandbars and islands, flooding the level floor of the great plain--a mile wide, as the saying goes, and six inches deep. Nebraska was formed in one rush of settlement in the 1880s, when its population increased from 452,000 to 1,062,000; it increased less than that, to 1,578,000, in the next 100 years.... But while the 1880s were a time of plentiful rain here, the 1890s were a decade of drought, and Nebraska stopped growing....

The sudden boom of the 1880s and the bust of the 1890s produced the most colorful--and atypical--politics of Nebraska's history: The populist movement and William Jennings Bryan, the ''silver tongued orator of the Platte.'' Bryan was only 36 when he delivered his Cross of Gold speech at the 1896 Democratic National Convention and was swept to the Democratic nomination. He was so radical that Democratic President Grover Cleveland wouldn't support him, but he still won 47% of the popular vote in the first of three attempts at the presidency. Since Bryan's time, Nebraska's most notable politician has been George Norris, who led the House rebellion against Speaker Joseph Cannon in 1911, and in the 1930s championed the state's unicameral legislature and pushed through the Norris-LaGuardia Anti-Injunction Act (the first federal pro-union legislation) and the Tennessee Valley Authority. But most Nebraskans were repelled by the New Deal, which seemed to threaten their way of life. Although it often elects Democratic governors and senators, Nebraska over the past half-century has been the second-most Republican state in presidential elections.


At least the rural parts of the state will have some renewable energy available going forward. A good sign.

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 Wed Jul 21st, 2010 at 07:36:34 PM EST
[ Parent ]
Argentina's gay marriage law signed by president - World news - Americas - msnbc.com

BUENOS AIRES, Argentina -- President Cristina Fernandez signed a new law Wednesday making Argentina the first country in Latin America to legalize marriage for same-sex couples.

Civil registries across the nation will now begin processing long lists of marriage applications from gay couples. The first such ceremony in Buenos Aires is set for Aug. 13.

"Today we are a society that is a little more egalitarian than last week," Fernandez said at the signing ceremony.

Representatives of groups for gays and lesbians cheered, crying out "Equality, equality!"



never let desperation get in the way of judgement.
by ceebs (ceebs (at) eurotrib (dot) com) on Wed Jul 21st, 2010 at 08:41:48 PM EST
[ Parent ]
by afew (afew(a in a circle)eurotrib_dot_com) on Wed Jul 21st, 2010 at 11:44:01 AM EST
The Protective Brain Hypothesis Is Confirmed
"In the past, it was thought that one of the selective advantages of having a large brain is that it facilitates the development of new behaviour to respond to the ecological challenges that the individual has not experienced before, such as a sudden reduction in food or the appearance of a new predator ", Cesar Gonzalez-Lagos, main author of the study and researcher at the Centre of Ecological Research and Forestry Applications (CREAF) associated with the Autonomous University of Barcelona, highlights to SINC.

The results, which are published in the Journal of Evolutionary Biology, reveal that "species which have developed large brains live for longer than those with small brains, as the protective brain theory suggests, and therefore, can reproduce more times", the researcher stresses.

If the animal is protected by a large brain, this results in greater survival and a longer life. "However until recently there has been little evidence and there had been no agreement on whether species with larger brains live longer", the scientist points out.

According to this hypothesis, the brain would adopt a "protective" role which would help to reduce mortality and lengthen the reproductive live of the individuals, thereby compensating the energetic and development costs associated with a large brain.

The evidence is correlative, not cause-effect

by afew (afew(a in a circle)eurotrib_dot_com) on Wed Jul 21st, 2010 at 11:51:06 AM EST
[ Parent ]
Entirely ignoring the fact that life-span is built into the organism, and death is a feature, not a bug.  
by Zwackus on Thu Jul 22nd, 2010 at 11:43:40 AM EST
[ Parent ]
MALAYSIA: Debate on Sex Education Rises with Teen Pregnancies - IPS ipsnews.net
KUALA LUMPUR, Jul 21, 2010 (IPS) - The prospect of motherhood filled 17-year-old Fatimah's heart with dread.

This, the Muslim youngster told the magistrate she appeared before in March, is why she left her newborn baby to die in a garbage bag here in the Malaysian capital four months ago. "I feared punishment and condemnation from my family and teachers in college," said Fatimah (not her real name).

The teenage mother was charged with abandoning her baby - a crime in this moderate Muslim-majority country, whose public has been increasingly worried by a spate of media reports police finding dead or alive newborn babies in trash bins and public places, including convenience stores.

"I had nowhere to go. I hid the pregnancy by wearing loose clothes," Fatimah told the court when her case came up for trial in May. In the end, Fatimah, whose relationship with her boyfriend had ended, delivered a baby girl on the stairs of a shop, alone.
by afew (afew(a in a circle)eurotrib_dot_com) on Wed Jul 21st, 2010 at 12:00:15 PM EST
[ Parent ]
Lying to get sex: Is it rape? - Broadsheet - Salon.com

In Jerusalem, lying your way into a woman's bed can get you in big trouble. A court has convicted an Arab man of "rape by deception" and sentenced him to 18 months in prison after he posed as a Jew in order to have sex with a Jewish woman.

The details of the case are vague and bizarre: After a chance meeting, in which 30-year-old Sabbar Kashur introduced himself as "Daniel," apparently as a way of  tricking the woman into thinking he was Jewish, the pair stole away to a nearby office building and had sex. He left before she could even get dressed (which, you know, violates common decency but not any actual laws), but after the fact she somehow discovered that he wasn't Jewish. (Cue the politically incorrect jokes.) In the final ruling, Jerusalem District Court Judge Tzvi Segal wrote: "If she hadn't thought the accused was a Jewish bachelor interested in a serious romantic relationship, she would not have cooperated." 



never let desperation get in the way of judgement.
by ceebs (ceebs (at) eurotrib (dot) com) on Wed Jul 21st, 2010 at 12:45:57 PM EST
[ Parent ]
Federal judge in Conn rules against cheerleading - USATODAY.com
HARTFORD, Conn. -- A federal judge in Connecticut has ruled competitive cheerleading is not an official sport for schools looking for ways to meet gender-equity requirements.

U.S. District Judge Stefan Underhill said competitive cheerleading is too underdeveloped.

The ruling comes in a lawsuit filed by members of the volleyball team at Quinnipiac University. The players sued after the school announced last year that it would eliminate the team for budgetary reasons.



never let desperation get in the way of judgement.
by ceebs (ceebs (at) eurotrib (dot) com) on Wed Jul 21st, 2010 at 02:07:11 PM EST
[ Parent ]
Astronomers Find Heaviest Star On Record - International Business Times
Astronomers have found one of the heaviest stars ever seen, helping to answer a question that has been a mystery for a century: just how big can stars get?


never let desperation get in the way of judgement.
by ceebs (ceebs (at) eurotrib (dot) com) on Wed Jul 21st, 2010 at 04:03:10 PM EST
[ Parent ]
Astronomers have found one of the heaviest stars ever seen, helping to answer a question that has been a mystery for a century: just how big can stars get?

The answer is that nobody knows yet, but it is at least 265 times the mass of the sun and could be larger. Called R136a1, it was found with the Very Large Telescope of the European Southern Observatory, located in Chile.

The research team, led by Professor of Astrophysics at the University of Sheffield, had the telescope scan certain parts of the sky in the near-infrared. They also used archival data from the Hubble Space Telescope.

WIkipedia: Relativistic star
a relativistic star is one with the equation of state of a special relativistic gas. This can happen when the core of a massive main sequence star becomes hot enough to generate electron-positron pairs. Stability analysis shows that such a star is only marginally bound, and is unstable to either collapse or explode. This instability is believed to limit the mass of main sequence stars to of the order of a couple of hundred solar masses or so
General relativity theory [not dis]confirmed experimentally again!

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan
by Migeru (migeru at eurotrib dot com) on Wed Jul 21st, 2010 at 05:04:10 PM EST
[ Parent ]
The Escapist : News : Daily Star Gets Nailed for Made-Up GTA Story

A story posted on the Daily Star about a brand-new Grand Theft Auto game based on real-life killer Raoul Moat has been pulled following an uproar over the fact that the U.K. news site made the whole thing up.

Sometimes it seems like the videogame industry just can't catch a break. Take, for instance, this story posted by the Daily Star with the blaring headline, "Raoul Moat: Videogame, Film and Book Plans Cause Fury." Moat, for those who don't know, was a 37-year-old U.K. man who shot his ex-girlfriend, killed her new partner and then shot and critically wounded a police officer before killing himself a few days later during a standoff with police. And while tragic, it would have nothing whatsoever to do with our little world of digital entertainment except for the efforts of the Daily Star, which dug up a fake cover for Grand Theft Auto Rothbury and proclaimed that work on the game was already underway.



never let desperation get in the way of judgement.
by ceebs (ceebs (at) eurotrib (dot) com) on Wed Jul 21st, 2010 at 04:24:26 PM EST
[ Parent ]
The Ministry of Truth | The Seminal
Recently, I had the good fortune to be invited by NPR to submit an essay on a favorite thriller of mine. I decided to write about George Orwell's Nineteen Eighty-Four, which is both an excellent thriller and an increasingly powerful and relevant political warning -- a combination readers of my latest novel, Inside Out, will know I find appealing.


never let desperation get in the way of judgement.
by ceebs (ceebs (at) eurotrib (dot) com) on Wed Jul 21st, 2010 at 08:48:15 PM EST
[ Parent ]
Pioneer Press: Raising an iron giant

Milwaukee Road No. 261 has steamed more than a million miles since it rolled out of a factory in eastern New York state 66 years ago, but on Tuesday, it was the locomotive's trip of six feet -- straight up -- that made all the difference.

As volunteers, railroad hobbyists and the merely curious looked on, two heavy-duty cranes lifted the engine's boiler, cab and frames off the eight drive wheels.

The wheels, each of which is 74 inches tall and weighs 7 1/2 tons, must be refurbished, and lifting the engine's boiler and frames was perhaps the riskiest part of an 18-month overhaul of the steam locomotive that could cost $1 million.

"This is probably something that hasn't been done in the U.S. for 40 years," said Steve Sandberg, who was overseeing the operation at Minneapolis Junction for the nonprofit group that owns the engine, Railroading Heritage of Midwest America...

The engine can produce 4,500 horsepower and is capable of 74 mph.

Bill Withuhn, curator emeritus with the Smithsonian Institution in Washington, said that when No. 261 is running again, it will be the largest active coal-burning steam locomotive in the world...

When they lifted the boiler, the cranes were able to weigh it: 227,000 pounds, or 113 1/2 tons.

by Magnifico on Thu Jul 22nd, 2010 at 12:12:48 AM EST
[ Parent ]
Ilta-Sanomat (in Finnish) Poliisi: Hippileiri edustaa ihailtavaa elämäntyyliä
"Ei tekisi pahaa kenellekään!"
(Police: Hippy camp is a model for a wonderful lifestyle "They harm no-one")

The Rainbow Gathering is this year in the forest of Northern Savo. Police Commissioner Jyrki Haapalan has apparently turned up, tuned in and jaw dropped. "It was a real eye-opener. Everyone should go and see it. Their lifestyle deserves real respect: they do everything together, they respect nature and take away their rubbish. I saw no drunks, everyone hugs each other and we police welcome them heartily."

Unlike the Fuzz, most downmarket Finnish media focus on the abundant nakedness at the camp.

You can't be me, I'm taken

by Sven Triloqvist on Thu Jul 22nd, 2010 at 01:21:01 AM EST
[ Parent ]
BBC News - Police wrongly seize photographer's camera after crash

An investigation is under way after police seized a photographer's camera and images were later deleted from it.

Paul King was taking pictures of a crash in Wokingham, Berkshire, when he was confronted by a traffic officer.

Mr King said he was acting within the law and the action, on Tuesday, cost him up to £400 in loss of earnings.

Thames Valley Police returned the camera with images they put on to a disc. The National Union of Journalists (NUJ) said it would investigate.

Mr King, who has 25 years experience as a news photographer, works across the Thames Valley supplying images to the media.



never let desperation get in the way of judgement.
by ceebs (ceebs (at) eurotrib (dot) com) on Thu Jul 22nd, 2010 at 07:39:50 AM EST
[ Parent ]
by afew (afew(a in a circle)eurotrib_dot_com) on Wed Jul 21st, 2010 at 11:44:23 AM EST
APOD: 2010 July 21 - The Crown of the Sun
Each day a different image or photograph of our fascinating universe is featured, along with a brief explanation written by a professional astronomer.


never let desperation get in the way of judgement.
by ceebs (ceebs (at) eurotrib (dot) com) on Wed Jul 21st, 2010 at 12:46:13 PM EST
[ Parent ]
Nobel Peace Prize Laureates: Where are they now?

Two More Masseuses Report Al Gor Penis Massages

Just when Al Gore's "crazed sex poodle" masseuse assault allegations were waning, the National Enquirer digs up two more masseuses who say Gore propositioned them. Or, more precisely, "pointed at his erect penis and ordered her, 'Take care of THIS.'"

Read more...

Possibly related "lectures":
2007
1945

Diversity is the key to economic and political evolution.

by Cat on Wed Jul 21st, 2010 at 08:07:27 PM EST
[ Parent ]
The National Enquirer mostly writes friction.

You can't be me, I'm taken
by Sven Triloqvist on Thu Jul 22nd, 2010 at 01:22:45 AM EST
[ Parent ]
Credibility is good until it isn't.
-- John E.

Diversity is the key to economic and political evolution.
by Cat on Thu Jul 22nd, 2010 at 07:53:57 AM EST
[ Parent ]
ksl.com - Woman captures footage of being attacked by bison

YELLOWSTONE -- Signs in Yellowstone National Park say don't get too close to the wildlife, but a woman from Farr West, Utah, did -- and paid the price. She even got video of what happened.

On Monday, the woman was in an area about a mile away from the Old Faithful geyser. She and a friend spotted a bison and got close to it. She'll be the first to admit they shouldn't have done that.

Cathy Hayes kept her distance while getting video of a buffalo in Yellowstone National Park.

"So we're here in the park and there's a buffalo, and he's just wandering across the road," she says in the footage.



never let desperation get in the way of judgement.
by ceebs (ceebs (at) eurotrib (dot) com) on Thu Jul 22nd, 2010 at 08:48:55 AM EST
[ Parent ]


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