European Salon de News, Discussion et Klatsch - 30 July

by In Wales
Thu Jul 29th, 2010 at 04:58:07 PM EST

 A Daily Review Of International Online Media 


Europeans on this date in history:

1968 - birth of Sean Anthony Moore, the writer, drummer/percussionist and sometime trumpet player of the Welsh rock band Manic Street Preachers.

More here and here

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


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

  • EUROPE - is the place for anything to do with Europe.
  • ECONOMY & FINANCE - is where you find what is going on in finance and the economy.
  • WORLD - here you can add links and comments on topics concerning world affairs.
  • LIVING OFF THE PLANET - is about the environment, energy, agriculture, food...
  • LIVING ON THE PLANET - is about humanity, society, culture, history, information...
  • PEOPLE AND KLATSCH - this is the place for stories about people and of course also for gossipy items. But it's also there for open discussion at any time.
  • I hope you will find this place inspiring - of course meaning the inspiration gained here to show up in interesting diaries on ET. :-)

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

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

Login
. Make a new account
. Reset password

Display:
 EUROPE 



Ad astra per aspera

by In Wales (inwales aaat eurotrib.com) on Thu Jul 29th, 2010 at 11:05:33 AM EST
EUobserver / Sarkozy targets Roma for explusion

French President Nicolas Sarkozy on Wednesday (28 July) announced his government is to order police to round up allegedly illegal migrants of Roma ethnicity for expulsion from French territory and destroy their encampments.

The announcement was the result of a cabinet meeting dedicated to the subject called after officers shot and killed a gypsy youth in the Loire Valley, provoking a riot by others of his community.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Jul 29th, 2010 at 11:07:51 AM EST
[ Parent ]
France24 - France to dismantle half of all illegal itinerant camps

France's Interior Minister Brice Hortefeux said Wednesday that half the country's illegal "travelling people" camps would be dismantled within three months, and that Roma from Bulgaria and Romania would be sent back home if they broke the law.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Jul 29th, 2010 at 11:25:32 AM EST
[ Parent ]
France launches crackdown on Roma and traveling communities | Europe | Deutsche Welle | 29.07.2010

French President Nicolas Sarkozy has ordered the dismantling of 300 illegal camps of Romany and traveling folk.

The announcement, which has attracted criticizm from human rights groups, followed crisis talks with ministers in Paris on Wednesday.

Interior Minister Brice Hortefeux said that half of France's illegal camps would be dismantled in the next three months, and that illegal Roma immigrants breaking the law would be immediately deported.

"Tax inspectors will be sent to inspect the households of the inhabitants of these illicit and illegal camps because a lot of our compatriots are rightly surprised to see the caravans pulled by certain powerful cars," he said.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Jul 29th, 2010 at 11:36:49 AM EST
[ Parent ]
"Illegal" ?? they're almost certainly EU citizens, in which case they're legal.

Maybe he should set up work camps where the roma can "earn" their freedom.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Thu Jul 29th, 2010 at 05:07:44 PM EST
[ Parent ]
The more desperate he is, the viler Sarkozy gets.

Wind power
by Jerome a Paris (etg@eurotrib.com) on Fri Jul 30th, 2010 at 06:18:29 AM EST
[ Parent ]
EUobserver
The Greek government has used an emergency order to force lorry drivers back to work after a three-day strike. The drivers, who oppose government plans to open the industry to more competition, could lose their licences or face arrest if they do not go back to work.


Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Jul 29th, 2010 at 11:09:52 AM EST
[ Parent ]
France24 - Scandal-plagued labour minister questioned by police

French financial police on Thursday questioned France's scandal-hit labour minister, Eric Woerth, as part of a continuing investigation into the financial affairs of billionaire L'Oreal heiress Liliane Bettencourt.

Woerth, who has been forced to quit his post as treasurer of the ruling UMP party, has been accused of accepting illegal campaign donations from France's richest woman in a widening scandal that has rocked the government of French President Nicolas Sarkozy.

FRANCE 24's French Politics Editor Marc Perelman said police questioned Woerth over three separate incidents that have come to haunt the embattled minister.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Jul 29th, 2010 at 11:20:49 AM EST
[ Parent ]
This is what the Roma story is meant to distract us from...

Wind power
by Jerome a Paris (etg@eurotrib.com) on Fri Jul 30th, 2010 at 06:19:58 AM EST
[ Parent ]
State government moves to keep extremists out of pre-schools | Germany | Deutsche Welle | 29.07.2010

In an effort to keep right-wing extremists out of early-childhood education, the state government of Mecklenburg-West Pomerania has ordered all heads of state-funded pre-schools to swear allegiance to the German constitution.

The order, which takes effect August 1, came after a scandal involving a pre-school in the tiny village of Bartow, population 550. The village needed 15,000 euros to keep the school running when Mattias Schubert, a father of seven, offered to run the school for free.

It was soon discovered that Schubert is a member of the far-right National Democratic Party of Germany (NPD), which the German government accuses of racism and anti-Semitism. The town council quickly rejected Schubert's offer.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Jul 29th, 2010 at 11:37:21 AM EST
[ Parent ]
Far-right NPD ups ante with media offensive in eastern German state | Germany | Deutsche Welle | 29.07.2010

Far-right nationalists in the German state of Thuringia are seeking to reach a wider audience by founding five new newspapers in the region. The worrying move by the National Democratic Party (NPD) is aimed at capturing more voters.

The publications purport to address regional issues, running headlines such as "Is Erfurt broke?", "Venturing more democracy," and "Schools are the future." But behind this veneer of seemingly harmless headlines lies the NPD's true agenda.

"The NPD's ideology is communicated above all else in these articles," said Stefan Heerdegen of the Mobile Council in Thuringia for Democracy - Against Right-wing Extremism, based in the state's capital, Erfurt.

"There is always a hostility towards democracy being piggybacked [in these stories]," said Heerdegen.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Jul 29th, 2010 at 11:37:48 AM EST
[ Parent ]
New OSCE Representative on Freedom of the Media Releases First Regular Report
At Vienna Press Conference, Dunja Mijatovic Notes that in Most OSCE Member Countries Media Freedom under Threat

New OSCE Representative on Freedom of the Media Dunja Mijatovic on Thursday released her first regular report to the OSCE Permanent Council, noting that in many OSCE member countries media freedom remains under threat. 

In opening remarks, Mijatovic highlighted the threats posed by criminal defamation and tight Internet control, as well as the cases of recently-murdered Greek journalist Socratis Giolias, imprisoned Azerbaijan bloggers Adnan Hajizada and Emin Milli and recently-attacked Serbian journalist Teofil Pancic. 

Mijatovic's report notes: "The freedom to express ourselves is questioned and challenged from many sides. Some of these challenges are blatant, others concealed; some of them follow traditional methods to silence free speech and critical voices, some use new technologies to suppress and restrict the free flow of information and media pluralism; and far too many result in physical  harassment and deadly violence against journalists. We regularly receive reports of threats, intimidation, administrative harassment (registration and re-registration requirements, alleged tax violations, cancelled contracts for printing or distribution of papers and the like).

The report (pdf)

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

by Melanchthon on Thu Jul 29th, 2010 at 03:32:21 PM EST
[ Parent ]
BBC - Newsnight: Paul Mason: IDS: Rip up the benefit system and start again

Newsnight has seen a leaked copy of the "command paper" to be issued by Ian Duncan Smith tomorrow. Technically a consultation document, the paper "Welfare in the 21st Century" admits that:

"the overly bureaucratic benefits system can act as a barrier to work, trapping people in poverty".

The problem is the rate at which four or five separate benefits are withdrawn as people move off the dole and into work. For 130,000 people, the effect of working more than 16 hours a week is to remove 90p out of every extra pound they earn. For a staggering 1.9 million people the effect is to remove 60p.

The paper explores three solutions, but IDS' clearly preferred option is the so called Universal Credit. This will be spun as "combining elements of the present system" but even the cursory detail in the command paper makes clear this is radical reform.



never let desperation get in the way of judgement.
by ceebs (ceebs (at) eurotrib (dot) com) on Thu Jul 29th, 2010 at 04:48:04 PM EST
[ Parent ]
IDS' plans make a lot of sense, the problem is that, initially, they're very expensive which means that, as written, they're unaffordable. Or at least this govt won't afford them.

So, IDS carries on with the presentation of a policy that is dead on arrival and we know that what will be implemented will have drastic repercussions for the poor. I hope that the Labour party have their responses sorted out (fat chance) because the tories will lie about this one all the way through parliament.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Thu Jul 29th, 2010 at 05:11:26 PM EST
[ Parent ]
Berlusconi has chased Gianfranco Fini and his group out of his personal political entity, il Popolo della Libertà this evening. Several recalcitrant party members have been deferred to a make-shift Tribune of the Wise (somewhat an oxymora for a similar congregation whose prime motor is swarm stupidity).

Fini was also invited to step down as President of the House of Deputies. 34 deputies have left Berlusconi's party to form an autonomous group with Fini, thus reducing Berlusconi's majority to a razor-thin margin within the House.

Gianfranco Fini co-founded the PdL with the intention of creating a mass center-right party. He has stuck to this line for the past sixteen months, earning praise and respect both here and abroad. On the contrary Berlusconi's vision of the party is that it is nothing more than a political vehicle for his personal interests, a principle he has egregiously reasserted this evening.

The immediate consequences are that the final vote on the infamous law against wiretapping and press freedom has been postponed to September. The government could at this point fall on any vote of confidence.

It is likely that Berlusconi will seek to exasperate the situation to provoke general elections. He is at his best campaigning, selling used cars. However, were his government to fall, this would not necessarily lead to general elections, as a broad anti-Berlusconi coalition could conceivably be formed to continue the legislature (it would of course not be formed in those terms.)

At present his government is swamped in major scandals involving almost all of his closest collaborators. Once again, the judiciary branch and its investigators are forced to resolve a cancerous situation of generalized illegality and capillary corruption that has long since become a social and political norm. Neither the political caste nor public opinion has seen fit to remedy this gravely deteriorating situation.

There may however be limits. Watching a 74 year old lecher jerk off in public for the past 15 years may in the end test the interest of all but the very, very faithful.

by de Gondi (publiobestia aaaatttthotmaildaughtusual) on Thu Jul 29th, 2010 at 06:11:05 PM EST
[ Parent ]
It is my opinion at this point that everything must be done to keep Berlusconi in power now that he can no longer freely dispose of the legislative branch for his every whim. There is nothing more fitting than to have him prance about the stage in all impotence as, one by one, his closest collaborators resign to face criminal charges.
by de Gondi (publiobestia aaaatttthotmaildaughtusual) on Thu Jul 29th, 2010 at 06:32:19 PM EST
[ Parent ]

wheee

"Resonance is the reply from the unknown... Unleash the opera of phenomena." W.A. Mathieu

by melo (melometa4(at)gmail.com) on Thu Jul 29th, 2010 at 09:37:24 PM EST
[ Parent ]
Guardian [UK]: Silvio Berlusconi faces parliamentary crisis as speaker refuses to resign
An unlikely convert to David Cameron-style conservatism, Fini has increasingly argued for more progressive policies, greater internal democracy in the PdL and a less tolerant attitude to suspected corruption among government and party officials.

The prime minister told a press conference afterwards: "We've tried everything to make it up with Fini. It hasn't been possible. I am no longer prepared to accept dissent."

Berlusconi demanded his former partner leave his job as speaker. But Fini was quoted by associates as having said the post was not in the gift of the prime minister and that he had no intention of going.



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 Fri Jul 30th, 2010 at 08:02:35 AM EST
[ Parent ]
Torture inquiry judge does not have conflict of interest, government says | Law | The Guardian

The government has hit back at a legal charity's "unwarranted and baseless" suggestion that the senior judge leading the inquiry into allegations of UK involvement in torture is too close to the security services to conduct an impartial investigation.

Last week, Reprieve wrote to Sir Peter Gibson, a former appeal court judge, asking that he recuse himself from the inquiry into claims of British complicity in the abuse of detainees abroad since the 9/11 attacks.

The 11-page letter, which was copied to the prime minister, said that Sir Peter's impartiality had been "fatally compromised" because he had spent the last four years overseeing the security services in his role as intelligence services commissioner (ISC).



never let desperation get in the way of judgement.
by ceebs (ceebs (at) eurotrib (dot) com) on Fri Jul 30th, 2010 at 09:43:01 AM EST
[ Parent ]
 ECONOMY & FINANCE 


Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Jul 29th, 2010 at 11:05:52 AM EST
EUobserver / Norway tops up funding scheme for south-eastern EU states
EUOBSERVER / BRUSSELS - Norway, Iceland and Liechtenstein on Wednesday (28 July) agreed to donate €1.79 billion to the EU's poorer southern and eastern members in the coming five years for green projects, labour rights, research and human resources, a top-up of 22 percent compared to the previous period.


Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Jul 29th, 2010 at 11:08:41 AM EST
[ Parent ]
well, that's very friendly...

iceland? i thought they were flat broke!

"Resonance is the reply from the unknown... Unleash the opera of phenomena." W.A. Mathieu

by melo (melometa4(at)gmail.com) on Thu Jul 29th, 2010 at 09:14:21 PM EST
[ Parent ]
re: "flat broke," economic warfare, and propaganda

Iceland's government said it's a long way off defaulting on its debt payments after Moody's Investors Service warned it may lower the island's credit grade to junk, arguing lenders could require state support.

Moody's is "taking it too far," Economy MinisterGylfi Magnusson said in an interview yesterday, after the rating service cut the outlook on Iceland's Baa3 foreign currency debt to negative. Moody's said it will lower the rating to junk if a June court ruling banning some foreign loans hurts the recovery or forces the government to raise debt levels by bailing out the banks....

Iceland's foreign debt is graded junk by Fitch Ratings, while Standard & Poor's gives the island its lowest investment grade. A June 16 decision by the Supreme Court, banning loans indexed to foreign-exchange rates, may require the state to bail out the banks a second time since 2008, Moody's said. That would add to the government's debt burden, which will reach 150 percent of gross domestic product this year, the rating company estimates....

Finance Minister Steingrimur Sigfusson on July 7 said the June ruling may cost Iceland's banks as much as $4.3 billion, equivalent to a third of the island's economic output. A July 23 decision by the District Court of Reykjavik to allow banks to raise interest rates on loans affected by the Supreme Court's ruling may limit those losses to $1.1 billion, Financial Supervisory Authority Director Gunnar Andersen said.

Some of Iceland's lenders may be unable to meet the regulator's 16 percent capital adequacy requirement because of the foreign loan ruling, Andersen said in a July 14 interview. Magnusson said then his government would suffer a "severe blow" if called on to recapitalize the banks, though he didn't rule out financial support....

"Certainly there's risk involved if the contractual rates are applied, but that's a distant possibility," Magnusson said. "Although it might be prudent of those who evaluate the risk to take that into account, I think that's such a farfetched outcome that I don't think the grade can be predominantly based on that."

Icesave

At the same time, the government has yet to resolve a dispute with the U.K. and Dutch on how to cover depositor claims worth about $5.1 billion. Failure to settle the claims may prompt the International Monetary Fund and other lenders to withhold future disbursements, Moody's said.

Read more...

Possibly related and recent speculation:
Best Energy in Reykjavik

Diversity is the key to economic and political evolution.

by Cat on Fri Jul 30th, 2010 at 12:57:26 PM EST
[ Parent ]
Ross Beaty,CEO of Magma Energy, that bought the HS ORka powerplant in ICeland,has offered Bjork,a 25 % share in HS Orka.
Mr Beaty says that he offers Bjork the share at the same price as Magma Energy got it from HS ORka.
Bjork has seen his offer and answered

" dear ross
noticed your message for me
you offering me shares in hs orka shows that you totally miss my point
i feel this company should not be privatized , it should be given back to the people .
therefore i am not interested in shares .
but if i would get the same deal as you , a 70% bulletloan from icelanders to buy usage of their own resources , i might reconsider , who wouldn´t ?
you didn't really put your money where your mouth is , did you ?
good bye

björk

P.s. I also saw in financial times when you asked me , personally  , to pop over to your office and you would  lower how long magma´s usage of our resources is going to be . This  only reveals how willing you are to cut deals outside law and order "

Read more...



Diversity is the key to economic and political evolution.
by Cat on Fri Jul 30th, 2010 at 01:37:03 PM EST
[ Parent ]
What, in your view, is the Magma deal all about?

It is a very important case for Iceland. An international corporation is trying to buy up the exclusive rights to our natural resources. We were warned almost immediately after the banking collapse that this would happen, for instance by Paul Hawken and Joseph Stiglitz. Naomi Klein also discusses this kind of situation thoroughly in `The Shock Doctrine'. It is widely known that nations that find themselves in trouble get besieged by vultures that want to take advantage of their situation and make an easy profit. They start off being all nice and reasonable, gaining the locals' trust - "here to help" - and then...

You know all about Magma's history in Peru, right? It is swaddled with human rights violations and disrespect to local customs, unions, law and regulation. The list goes on... Some might say that Magma making rotten deals with Peru is irrelevant, that Iceland is no Peru. "We are not a third world country." But the deals we've made with them are just so bad; a large part of Magma's downpayment comes in the form of a bullet loan from HS Orka itself with 1.5% interest for seven years, with HS Orka shares as collateral. It's a joke.

Read more...



Diversity is the key to economic and political evolution.
by Cat on Fri Jul 30th, 2010 at 01:47:33 PM EST
[ Parent ]
France24 - Lower house approves €25 billion austerity package
AFP - Italy's lower house of parliament Thursday approved an unpopular austerity package totalling 25 billion euros (32 billion dollars) aimed at bringing the public deficit under control and reassuring markets.
   
Sponsored by the centre-right government of Prime Minister Silvio Berlusconi, the law passed by 321 to 270 votes, with four abstentions.
   
The law was approved by the Senate two weeks ago and was the object of a confidence vote on Wednesday.
   
The plan calls for a three-year salary freeze for public workers, a 10 percent cut in ministry budgets, less funding for local governments and more action to combat tax evasion, among other measures.
   
The plan also raises the retirement age of public and private workers by more than three years by 2050.


Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Jul 29th, 2010 at 11:28:58 AM EST
[ Parent ]
Fixed retirement age to be scrapped | Reuters

(Reuters) - Britain announced plans to scrap the fixed retirement age next year, saying it wanted to give people the chance to work beyond 65, but business leaders warned the move would create serious problems.

Currently, employers can force staff to retire at the age of 65 regardless of their circumstances and without having to pay any financial compensation.

Under the government's consultation proposals, the default retirement age (DRA) would begin to be phased out from April 2011 and come to an end by October next year.

Ministers said the move was designed to give people more choice as they enjoyed longer and healthier lives.

However, with Britain needing to cut public spending to address a record budget deficit, the move would see people paying tax for longer.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Jul 29th, 2010 at 11:46:00 AM EST
[ Parent ]
Nick Clegg: I changed my mind on spending cuts before general election | Politics | guardian.co.uk

Nick Clegg, the Liberal Democrat leader and deputy prime minister, has admitted that he changed his mind about the timing of spending cuts prior to the general election, despite publicly telling the electorate weeks before the poll that early deep cuts would be "economic masochism".

In what was seen as the biggest policy reversal of the coalition negotiations, the Lib Dems abandoned their policy of maintaining the government's economic stimulus through this financial year and backed a tougher Tory plan instead.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Jul 29th, 2010 at 11:55:18 AM EST
[ Parent ]
Is this the end of the lib dems?  the Australian democrats party died in a very similar way: They made a deal with the right wing party, and whatever reasons they claimed forced them to make the deal, the party died and has never been noteworthy since.  I know quite a few people who were active in the Aust Dems, and they all wash their hands of that period.
by njh on Thu Jul 29th, 2010 at 07:33:05 PM EST
[ Parent ]
It is entirely possible. Under FPTP they face elecoral oblivion and AV is unlikely to be implemented due to hostility from conservatives, labour and associated media.

One of the things that is notable is that the Westminster representatives of the LDP are noticeably more right wing than their membership. The "Orange book group" (nothing to do with CD encoding) is an economic right wing set of ideas for socially liberal fiscal conservatives (where have we heard that before ?) and isvery influential in Westminster LDP circles, but seems to be reviled in the wider membership. I suspect that the right wing enthusiasms of the Westminster MPs have done for the party.

It is a shame. There will be no party here that is unashamedly socially liberal.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Fri Jul 30th, 2010 at 06:46:02 AM EST
[ Parent ]
Didn't Migeru comment sometime around the time that Clegg was elected that Clegg was on the right of the party, a sort of Liberal third way (and maybe no good will come of it) So we should have seen the coalition happening as occurred?

never let desperation get in the way of judgement.
by ceebs (ceebs (at) eurotrib (dot) com) on Fri Jul 30th, 2010 at 06:56:13 AM EST
[ Parent ]
It was pretty widely known he was on the right and I'm sure we discussed it then. I certainly felt it was a mistake not to have selected his challenger, Chris Huhne, and see no reason to change my mind.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Fri Jul 30th, 2010 at 07:01:08 AM EST
[ Parent ]
I did not vote in that leadership election as I hadn't been a party member for long enough, but I did comment this in the Salon for December 13, 2007.

Migeru:

Just looking at their websites, Clegg appears bland. I like this from Chris Huhne
I want to lead a party that is radical, green, honest and angry about the gross unfairness in Britain. We must change not just the Government, but our democracy and our society.
Apparently most Lib Dem members cannot see much in the way of policy differences between the two other than their positions on Trident, so they decide on things like character, judgement or background. I was a bit surprised that actually Trident was mentioned as the deciding issue by a number of people I talked to.
A month later I expanded on the Trident "policy difference"
there has been a bit of an internal foreign policy debate among the UK Liberal Democrats on the issue of Trident. One side advocates not replacing the Trident deployment. The other side advocates replacing them in order to use them as bargaining chips in future negotiations of global nuclear disarmament. I am not convinced about the bargaining chip argument.

Apparently this was one of the few substantive policy differences that most people saw between Nick Clegg and Chris Huhne during the recent leadership contest, and the guy with the bargaining chip won. I have to say I was mystified that this was the biggest difference people saw between the candidates, and even more mystified that anyone would claim to have decided their vote on the basis of this issue.

to which Helen politely explained:
I am not convinced about the bargaining chip argument.
That would be because it's complete horseshit. anyone that uses it is either fool or a bald-faced liar who thinks that you're a fool.
We discussed the putative "Liberal/Soc Dem split" in this thread to Chris Cook's diary UK Elections: the Endgame.

Interestingly, the latest development on Trident involves Tory budget austerity. Helen just yesterday:

Fox has obviously tried to ring fence Trident and Osborne has swatted him down, effectively telling him that he has to justify all of the cuts to the military himself. Or cut trident.


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 Fri Jul 30th, 2010 at 07:59:32 AM EST
[ Parent ]
FT.com / FT Trading Room - EU watchdogs push for market transparency
European regulators kicked off the biggest overhaul of the region's securities regulations in years on Thursday, calling for a wide range of reforms to bolster the transparency of Europe's increasingly fragmented equities and over-the-counter derivatives.

The call, by the Committee of European Securities Regulators (Cesr), included proposals for changes to the Market in Financial Instruments Directive (Mifid). Enacted in 2007, Mifid sparked competition against the region's established stock exchanges - but that has resulted in what many market participants say is a confusing picture, as markets have fragmented across multiple new venues.

Among key measures urged by Cesr is the introduction of a mandatory "consolidated tape" in Europe showing post-trade data across all equity markets and tighter rules governing "dark pool" trading venues operated by big banks.



"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Thu Jul 29th, 2010 at 12:45:18 PM EST
[ Parent ]
BBC News - California 'fiscal emergency' declared
California governor Arnold Schwarzenegger has declared a fiscal state of emergency, putting pressure on lawmakers to pass a state budget that is now more than a month overdue.

California's economy, which is the eighth largest in the world, faces a budget deficit of $19bn (£12bn).

Mr Schwarzenegger said that without a budget in place the state's government would run out of cash by October.

He also ordered most state employees to take three days unpaid leave a month.

Earlier this month, the governor ordered 200,000 state workers to be paid the minimum wage because no budget had been passed.



"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Thu Jul 29th, 2010 at 12:48:38 PM EST
[ Parent ]
The republican wet dream of low taxes arrives at its logical conclusion

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Thu Jul 29th, 2010 at 05:14:01 PM EST
[ Parent ]
No, this is just a way of justifying sacking large parts of the state staff.  Rinse and repeat.  I think California will continue on this merry path for a few years yet.

And you'll find any number of Californias who will defend this as getting rid of leaching public servants with $200k/yr salaries and gold plated limos and all that.  The fact is that the roads are asphalt cobbles, the amenities rotting, and we loved to play 'school or prison' whilst there.

by njh on Thu Jul 29th, 2010 at 07:39:30 PM EST
[ Parent ]
That's how many budget emergencies in how many years?

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 Fri Jul 30th, 2010 at 02:32:47 AM EST
[ Parent ]
Euro zone economic sentiment rises to 28-month high | Reuters
Euro zone economic sentiment rose strongly in July, buoyed by figures from Germany that point to a recovery as the currency area overcomes the sovereign debt crisis, but the outlook remains uncertain.

The European Commission said its economic sentiment indicator for the 16-nation currency area rose to 101.3 in July, a 28-month high, from an upwardly revised 99.0 in June. Economists polled by Reuters expected the index to stay at 99.0.

Economic morale is the latest in a string of indicators that have shown the currency area continues to recover from the worst economic crisis in decades, despite turbulence on its sovereign debt market and uncertainty about the health of banks.



"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Thu Jul 29th, 2010 at 12:55:28 PM EST
[ Parent ]
Subtle Shift Within Fed Toward Deflation Concerns - NYTimes.com
On Thursday, James Bullard, the president of the Federal Reserve Bank of St. Louis, warned that the Fed's current policies were putting the American economy at risk of becoming "enmeshed in a Japanese-style deflationary outcome within the next several years."

The warning by Mr. Bullard, who is a voting member of the Fed committee that determines interest rates, comes days after Ben S. Bernanke, the Fed chairman, said the central bank was prepared to do more to stimulate the economy if needed, though it had no immediate plans to do so.



"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Thu Jul 29th, 2010 at 01:05:21 PM EST
[ Parent ]
FT.com / Industrials - European heavyweight results impress
A swath of Europe's leading companies on Thursday reported stronger-than-expected earnings, underlining the strength of the corporate recovery across the continent.

Heavyweight names such as Siemens, Royal Dutch Shell, Volkswagen and BASF all saw their second-quarter profits beat analysts' forecasts considerably.
...
Analysts are expecting European earnings to rise about 25-35 per cent this year before tapering off and increasing 10-15 per cent next year.

Industrial companies have led the recovery after a crushing fall in earnings last year. VW and BASF, Europe's largest carmaker and the world's biggest chemicals group, respectively, both saw their operating profits double as they benefited from strong growth in emerging markets such as China and a weaker euro.

The solid results and good news last week in the banking sector is causing investors who shunned Europe for most of the year to think again.



"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Thu Jul 29th, 2010 at 03:38:55 PM EST
[ Parent ]
FT.com / FT Trading Room - Europe set for overhaul of rules on share dealing
For the past three years in Europe, traders have watched as the share dealing landscape has changed beyond recognition.

Thanks to reforms passed by the European Commission, competitors have emerged for national exchanges, while new rivals have proliferated, creating a spaghetti junction of trading venues, spewing out market data and prices.

On Thursday, however, regulators fired their first salvo in attempting to bring more order to the markets.

The Committee of European Securities Regulators kicked off the biggest overhaul of the region's securities regulations in years, calling for a wide range of reforms to bolster transparency of Europe's increasingly fragmented equities and over-the-counter derivatives markets.

Among CESR's top recommendations was a call for the establishment of a central point where prices for shares traded across multiple venues can easily be seen - a so-called "consolidated tape".



"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Thu Jul 29th, 2010 at 03:41:45 PM EST
[ Parent ]
SEC Brings GIGANTIC Insider Trading Case Against The Famous Wyly Brothers Of Texas Clusterstock

This evening the SEC announced a massive fraud charge against Dallas-based investors The Wyly brothers....The gist of the allegations: The brothers Wyly (Samuel and Charles J.) used their various board seats and a network of offshore accounts to trade and conceal their holdings.

From the SEC press release:
The Securities and Exchange Commission today charged brothers Samuel E. Wyly and Charles J. Wyly, Jr. of Dallas with violating federal securities laws governing ownership and trading of securities by corporate insiders. The Wyly brothers reaped more than $550 million in undisclosed gains while sitting on corporate boards by trading stock in those public companies through hidden entities located in foreign jurisdictions to conceal their ownership and trading of those securities.

The SEC alleges that the brothers created an elaborate sham system of trusts and subsidiary companies in the Isle of Man and the Cayman Islands to sell more than $750 million worth of stock in four public companies for which they were corporate directors. They also committed an insider trading violation in one of the companies for an unlawful gain of more than $31.7 million.

Along with the Wylys, the SEC charged their attorney Michael C. French of Dallas and their stockbroker Louis J. Schaufele III of Dallas for their roles in the fraudulent scheme. French was on the board of directors at three of the companies.

"The cloak of secrecy has been lifted from the complex web of foreign structures used by the Wylys to evade the securities laws," said Lorin L. Reisner, Deputy Director of the SEC's Division of Enforcement. "They used these structures to conceal hundreds of millions of dollars of gains in violation of the disclosure requirements for corporate insiders."

According to the SEC's complaint, filed in U.S. District Court for the Southern District of New York, the public companies the Wylys used in the scheme were Michaels Stores Inc., Sterling Software Inc., Sterling Commerce Inc., and Scottish Annuity & Life Holdings Ltd. (now known as Scottish Re Group Limited).


The SEC's complaint alleges that the Wylys and French knew or were reckless in not knowing their legal obligations as public company directors and greater-than-five-percent beneficial owners. The laws require such persons to report holdings and trading in their companies' securities on Schedule 13D and Form 4, which are filed with the SEC. The Wylys and French also knew or were reckless in not knowing that the investing public routinely uses such disclosures to gauge the sentiment of public companies' insiders and large shareholders about the financial condition and prospects of those companies, relying on those disclosures when making investment decisions.

The SEC alleges that the Wylys and French systematically and falsely created the impression that the Wylys' entire holdings and trading were limited to the fraction that they held and traded domestically. By depriving existing shareholders and potential investors of information deemed material by the federal securities laws, the Wylys were able to sell -- in large-block trades alone -- more than 14 million shares of issuer securities over a period of 13 years for undisclosed gains in excess of $550 million. The SEC further alleges that the sales generating most of these illicit gains were made pursuant to materially false or misleading SEC filings.


Surely just a couple of bad apples? And probably Bush supporters at that.

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 30th, 2010 at 12:21:14 AM EST
[ Parent ]
"savings = investment"

Ran Kivetz, a professor of marketing at Columbia Business School, has done research on consumer psychology. He says that consumers' brains lack a line that separates spending from saving. We [!] practice a certain amount of thrift so that we [!] can justify blowing a large sum frivolously, he says....

There is only so long we [!] can suppress our need to spend, Kivetz says.

"It's just been a slow walk out of the woods," he says. "And it's so complicated. The things going on in Europe are frightening. There are problems with China, with our government debt, and bank debt. At the end of the day, people are saying, `There is still risk. I gotta cut back.' But this is not a typical [!] one-year recession. Life has to have some normalcy. I have to have some luxuries."

Read more...



Diversity is the key to economic and political evolution.
by Cat on Fri Jul 30th, 2010 at 10:08:29 AM EST
[ Parent ]
"Pump and Dump,
or Exiting The Three Year 'Consumer' Business Plan Excluding Sources of Revenue From 'Consumer' Sales"

Waiting lets Zuckerberg, 26, hone the skills needed to steer a company that issues quarterly results while facing criticism on such matters as user privacy. Facebook, valued at $24.9 billion, would use the time to propel its user base beyond the 500 million mark reached this month and add to sales that two of the people said may double to at least $1.4 billion in 2010 from $700 million to $800 million last year....

Startups are often urged to sell shares by employees and investors eager for a return on their equity. In Facebook's case, some of that pressure has been allayed by private sales, often facilitated by such exchanges as SecondMarket Inc. and SharesPost Inc., which help find buyers for startup shares.

Read more...

"We could imagine something akin to a Google AdWords-like model, where merchants can have featured placement based on latitude and longitude, time of the day, or day of the week," says Tristan Walker, head of business development for Foursquare. "We're still exploring, and encouraging all retailers to get on our platform and help us find the product that we could actually charge for."...

Ideas for revenue streams are so far "pie-in-the-sky," according to Walker, but that doesn't mean Foursquare isn't working toward a financially-viable future. The service already charges for sponsored-badge integrations, and in addition to a potential Google AdWords-like service, Walker foresees a time when the New York-based start-up might "charge for really robust analytics that haven't been served before."

Read more...

Possibly related UIDs:
secondmarket.com, "the largest centralized marketplace for illiquid assets"
sharepost.com, "We make private equity liquid."
Foursquare, rap sheet
GOOG, Dividend?

Diversity is the key to economic and political evolution.

by Cat on Fri Jul 30th, 2010 at 10:41:22 AM EST
[ Parent ]
Appendix B. Expected return on savings=investment.

"We are going to get all the money back that we invested in those car companies," Obama said on ABC's "The View" program. The industry's resurgence "tells a good story" about the U.S. economic recovery, he said....

Since GM and Chrysler exited bankruptcy a little more than a year ago, the industry -- including Ford Motor Co., which didn't seek federal aid -- has re-hired 55,000 workers after shedding 334,000 in the year before....

The administrations of Obama and his predecessor, George W. Bush, committed a total of $85 billion to rescue the automakers, aid suppliers and prop up the financing arms of GM and Chrysler. About $67 billion in loans and equity investments are still outstanding, according to administration figures....

The stock offering [NEW! GM IPO] is central to the government's expectations of getting repaid. For the U.S. to recoup all of its $42.2 billion investment in GM, the company would have to be worth at least $66 billion and possibly as much as $80 billion, depending on when the government sells its stock. GM's implied equity value is about $53 billion based on its bond price....

The president's sales pitch [!] is tempered by some sobering forecasts. While the industry has added 55,000 jobs since June 2009, auto manufacturing in Michigan is on a decline. A 2009 University of Michigan study found that the state would end up with 95,500 blue-collar auto manufacturing jobs by the end of 2011, compared with 172,350 in 2008. The state's unemployment rate was 13.2 percent in June [2010] compared with the national rate of 9.5 percent.

Read more...



Diversity is the key to economic and political evolution.
by Cat on Fri Jul 30th, 2010 at 10:52:46 AM EST
[ Parent ]
 WORLD 


Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Jul 29th, 2010 at 11:06:08 AM EST
EUobserver / EU denounces Japanese executions

EU foreign policy chief Catherine Ashton has expressed "deep regret" after two men were hanged for murder in Japan on Wednesday and repeated a call for a moratorium on using the death penalty.

"I deeply regret the execution by hanging of Hidenori Ogata and Kazuo Shinozawa on 28 July 2010, and the fact that this marks the resumption of executions in Japan after one year during which none took place," Ms Ashton said in a statement on Wednesday.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Jul 29th, 2010 at 11:08:25 AM EST
[ Parent ]
France24 - Karzai puts pressure on Pakistan after WikiLeaks revelations

AP - Afghan President Hamid Karzai pushed his international partners on Thursday to take stronger action against terrorist sanctuaries outside of Afghanistan. In a clear reference to havens in Pakistan, Karzai said: "The international community is here to fight terrorism, but there is danger elsewhere and they are not acting."

Pressure is building on Pakistan to escalate the fight against militants on its soil, especially since the release of more than 90,000 leaked U.S. military documents posted Sunday on the web by WikiLeaks. The trove of U.S. intelligence reports alleged close connections between Pakistan's intelligence agency and Taliban militants fighting Afghan and NATO troops in Afghanistan.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Jul 29th, 2010 at 11:29:33 AM EST
[ Parent ]
Pakistan's U.N. Ambassador: Afghan War Unwinnable - World Watch - CBS News

Abdullah Hussain Haroon, Pakistan's ambassador to the United Nations, spoke to CBS News Foreign Affairs Analyst Pamela Falk Thursday about the thousands of pages of classified U.S. documents released this week by the website WikiLeaks.

Haroon also said U.S. war strategy needs to change for America to win.

"In my personal opinion, the way the war is being fought, it doesn't seem winnable," Haroon said.



never let desperation get in the way of judgement.
by ceebs (ceebs (at) eurotrib (dot) com) on Fri Jul 30th, 2010 at 09:16:03 AM EST
[ Parent ]
France24 - Parts of controversial Arizona immigration law blocked

AP - A federal judge on Wednesday blocked the most controversial parts of Arizona's immigration law from taking effect, delivering a last-minute victory to opponents of the crackdown.

The overall law will still take effect Thursday, but without the provisions that angered opponents - including sections that required officers to check a person's immigration status while enforcing other laws.

The judge also put on hold parts of the law that required immigrants to carry their papers at all times and made it illegal for undocumented workers to solicit employment in public places.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Jul 29th, 2010 at 11:31:34 AM EST
[ Parent ]
France24 - Pakistan mourns as air crash investigation starts
The Pakistani government declared Thursday as a day of mourning for the victims of the Airblue plane crash that killed all 152 passengers on Wednesday. The Islamabad-bound Airbus A321 slammed into the mountains just 15 kilometers away from the capital's airport. The plane's wreckage is strewn across the densely forested Margalla Hills, hampering the investigation. In particular, officials say the difficult conditions on the ground have frustrated the search for the plane's "black box" flight recorder that may provide answers as to what led to the crash.


Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Jul 29th, 2010 at 11:31:58 AM EST
[ Parent ]
France24 - At least 140 die in boat accident, local officials report
AFP - A boat capsized on a river in western Democratic Republic of Congo killing at least 140 people, the provincial governor's office said Thursday.
   
The boat overturned on the Kasai river, a tributary of the Congo river, on Wednesday.


Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Jul 29th, 2010 at 11:32:44 AM EST
[ Parent ]
World News Blog - Operation Tor Shezada: Why insurgents won't fight

Some TV news channels will no doubt present the current Operation Tor Shezada (Black Prince), in southern Afghanistan in the same, ludicrous fashion as they reported Operation Moshtarak earlier in the year in Helmand. Or Operation Panther's Claw before that.

The story is not about how big or long or fat or noisy the current operation is. Because the current operation is almost irrelevant in its significance.       

Operation Tor Shezada will be completely successful in "clearing" an area because obviously the Americans and British have overwhelming firepower and manpower and can clearly "clear" anything they want whenever they want, with minimal loss of life. Minimal risk, frankly.

But that has as much to do with winning the Afghan war as rearing alpacas in Chile.



never let desperation get in the way of judgement.
by ceebs (ceebs (at) eurotrib (dot) com) on Fri Jul 30th, 2010 at 07:44:59 AM EST
[ Parent ]
Singapore's reputation on the line as British author fights on | Law | guardian.co.uk

Singapore's long-serving administration has won some time to ponder how it will deal with yet another self-inflicted blow to its global branding.

The reprieve came as a Singapore court today postponed a case against the British author Alan Shadrake for three weeks.

Shadrake, 75, faces contempt of court charges, after Singapore's Media Development Authority lodged a police report on 16 July against his book Once a Jolly Hangman: Singapore Justice in the Dock, which criticises the application of the death penalty. Published in neighbouring Malaysia, the book has sparked a criminal defamation investigation against the author in Singapore.



never let desperation get in the way of judgement.
by ceebs (ceebs (at) eurotrib (dot) com) on Fri Jul 30th, 2010 at 08:39:29 AM EST
[ Parent ]
by In Wales (inwales aaat eurotrib.com) on Thu Jul 29th, 2010 at 11:06:28 AM EST
EUobserver
The EU Commission Wednesday said six genetically modified corn varieties may now be imported into the EU. The unilateral decision was taken after member states failed to reach agreement among themselves. The approvals, valid for 10 years, cover imports for food and animal feed, not for cultivation.


Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Jul 29th, 2010 at 11:09:26 AM EST
[ Parent ]
EUobserver
Italian FM Franco Frattini told his EU counterparts Monday that the Union of the Mediterranean should discuss any plans by BP to drill off the coast of Libya, the FT reports. "All of us are paying close attention to what BP is doing after the worrying example in the Gulf of Mexico," he said.


Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Jul 29th, 2010 at 11:10:12 AM EST
[ Parent ]
France24 - State electricity giant EDF to link with Areva in nuclear energy deal
REUTERS - The French government said state-owned electricity giant EDF and nuclear reactor maker Areva would sign a wide-ranging partnership to help the country regain its leadership in nuclear energy.   After a report on the health of France's nuclear sector was published on Tuesday, President Nicolas Sarkozy's government called for closer coordination between the companies to offset recent losses of contracts to Asian rivals.   The government will study the possibility of EDF taking a stake in Areva, according to a statement released by Sarkozy's office. The government confirmed that Areva would sell about 15 percent of itself by the end of the year, and said discussions with potential partners were underway.


Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Jul 29th, 2010 at 11:33:44 AM EST
[ Parent ]
Tree-lovers turn violent in Moscow suburb | Europe | Deutsche Welle | 29.07.2010

A demonstration in a Moscow suburb turned violent Wednesday night as 100 people threw stones and smoke bombs at the local town hall to protest against the razing of the local forest, Moscow regional police said Thursday.

Russian television reports showed the administration building in Khimki surrounded by smoke and broken glass after a permitted rally in which hundreds of people denounced plans to put a new highway through the local forest. Police say a gang of 90 unidentified suspects met up there after the rally.

"They shouted slogans in support of the Khimki forest. Shots were fired and glass bottles were thrown," Yevgeny Gildeyev, spokesman for the Moscow police, told Echo of Moscow radio.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Jul 29th, 2010 at 11:38:26 AM EST
[ Parent ]
Arctic ice keeps seeds safe from climate change, catastrophes | Environment & Development | Deutsche Welle | 29.07.2010

The snow cover on the mountainside above the settlement of Longyearbyen, around 1,500 kilometers (930 miles) from the North Pole, melts to a large extent in summer. But much of the earth below remains frozen. The permafrost is one of the main reasons why this spot, 130 meters above sea level, was chosen to house the planet's "deep freezer" for crop seeds.

 

In 2008, the bunker in the frosty interior of this Arctic mountain, christened the "Global Seed Vault, initiated by the Norwegian government and now run by the Global Crop Diversity Trust, was officially opened. Since then, more than half a million seed samples have been stored in what the organizers consider to be the "safest place in the world."



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Jul 29th, 2010 at 11:39:37 AM EST
[ Parent ]
BP oil spill cases head to court as Shell counts cost | Reuters

Delaware (Reuters) - The tide of lawsuits unleashed by BP's oil spill in the Gulf of Mexico breaks into an Idaho courtroom on Thursday, just as the company's rivals are counting the cost of a ban on offshore drilling.

Attorneys hoping to lead the legal fight against BP are set to descend on Boise, Idaho, to address a special judicial panel considering how to bring order to the hundreds of civil lawsuits spawned by the spill after a rig explosion on April 20.

"There will be more lawyers in that courtroom than exist in the entire city of Boise put together," Mark Lanier, a Houston-based lawyer who plans to attend the hearing, joked this week. "It's going to be a circus."



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Jul 29th, 2010 at 11:42:02 AM EST
[ Parent ]
Are vertical farms the future of urban food? | Environment | guardian.co.uk

The vaults rose up as high as the city walls, bearing reeds richly bedded in bitumen and gypsum. The layered galleries peered each beyond its neighbour to reach the sunlight, and water drawn from the river was pumped through conduits up to the highest level. The topsoil was thick enough to root even the largest trees...

These were the renowned Hanging Gardens of Babylon, as described by the Greek historians Diodorus and Callisthenes, and the earliest example of vertical farming - at least according to Dan Caiger-Smith. His company, Valcent, is taking the concept into the 21st century, recently launching the first farm of its kind at Paignton Zoo in Devon.

It's a beguilingly simple idea: make maximum use of a small amount of space by filling glass houses with plant beds stacked high one above the other.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Jul 29th, 2010 at 12:02:18 PM EST
[ Parent ]
No.

They get less light (consider that in summer they only get sin(theta) light compared with cos(theta) light for a horizontal garden, require much more infrastructure (you need to hold the plants up, get water to them, complex equipment to pick food).

I've built many over the years, they are nice to look at, they protect the walls from the weather, they can cool the house (though much less efficiently than putting reflective foil on the wall) and they are fun to make.

But they're not going to save the world.  Sorry about that.

by njh on Thu Jul 29th, 2010 at 07:54:35 PM EST
[ Parent ]
If the goal is to "save the world" let's put the horse in front of the cart.  Find a way to limit and decrease the world population first because no amount of food production will offset an open-ended population number.  My best example ... dry yeast added to a cup of warm sugar water in prep to make bread. The yeast grows until it runs out of sugar or dies in its waste (ethanol).  And humans don't seem to control their population numbers any better than little yeasties.

I love the smell of roast chicken in the morning!
by THE Twank (yatta blah blah @ blah.com) on Fri Jul 30th, 2010 at 06:59:10 AM EST
[ Parent ]
without wishing to sound eager or ghoulish, but I think that we're going to see a lot of dying before 2050.

The climate seems to be on a tipping point right now and food production will probably collapse from under us.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Fri Jul 30th, 2010 at 07:04:04 AM EST
[ Parent ]
BBC News - Plankton decline across oceans as waters warm
The amount of phytoplankton - tiny marine plants - in the top layers of the oceans has declined markedly over the last century, research suggests.

Writing in the journal Nature, scientists say the decline appears to be linked to rising water temperatures.

They made their finding by looking at records of the transparency of sea water, which is affected by the plants.

The decline - about 1% per year - could be ecologically significant as plankton sit at the base of marine food chains.



"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Thu Jul 29th, 2010 at 12:59:02 PM EST
[ Parent ]
Saw the movie decades ago.



I love the smell of roast chicken in the morning!

by THE Twank (yatta blah blah @ blah.com) on Fri Jul 30th, 2010 at 07:06:10 AM EST
[ Parent ]
Econbrowser: NOAA: Past Decade Warmest on Record
...According to Scientists in 48 Countries. Earth has been growing warmer for more than fifty years.

Figure 1: Source: NOAA.

The 2009 State of the Climate report released today draws on data for 10 key climate indicators that all point to the same finding: the scientific evidence that our world is warming is unmistakable. More than 300 scientists from 160 research groups in 48 countries contributed to the report, which confirms that the past decade was the warmest on record and that the Earth has been growing warmer over the last 50 years.

Based on comprehensive data from multiple sources, the report defines 10 measurable planet-wide features used to gauge global temperature changes. The relative movement of each of these indicators proves consistent with a warming world. Seven indicators are rising: air temperature over land, sea-surface temperature, air temperature over oceans, sea level, ocean heat, humidity and tropospheric temperature in the "active-weather" layer of the atmosphere closest to the Earth's surface. Three indicators are declining: Arctic sea ice, glaciers and spring snow cover in the Northern hemisphere.

The entire document is here.



"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Thu Jul 29th, 2010 at 01:12:25 PM EST
[ Parent ]
Denial of Petitions for Reconsideration of the Endangerment and Cause or Contribute Findings for Greenhouse Gases under Section 202(a) of the Clean Air Act | Regulatory Initiatives | Climate Change | U.S. EPA

EPA determined in December 2009 that climate change caused by emissions of greenhouse gases threatens the public's health and the environment. Since then, EPA received ten petitions challenging this determination. On July 29, 2010, EPA denied these petitions.

The petitions to reconsider EPA's "Endangerment Finding" claimed that climate science can't be trusted, and asserted a conspiracy that calls into question the findings of the Intergovernmental Panel on Climate Change (IPCC) , the U.S. National Academy of Sciences , and the U.S. Global Change Research Program. After months of serious consideration of the petitions and of the state of climate change science, EPA found no evidence to support these claims.

The scientific evidence supporting EPA's finding is robust, voluminous, and compelling. Climate change is happening now, and humans are contributing to it. Multiple lines of evidence show a global warming trend over the past 100 years. Beyond this, melting ice in the Arctic, melting glaciers around the world, increasing ocean temperatures, rising sea levels, altered precipitation patterns, and shifting patterns of ecosystems and wildlife habitats all confirm that our climate is changing.



never let desperation get in the way of judgement.
by ceebs (ceebs (at) eurotrib (dot) com) on Thu Jul 29th, 2010 at 02:45:42 PM EST
[ Parent ]
Sharp to double solar cell output in UK | Reuters

(Reuters) - Japan's Sharp Corp is investing almost 4 billion yen (29.4 million pounds) at a plant in Britain to double production of solar cell modules to meet growing demand across Europe.

Sharp Solar UK, which began making cells at the plant in Wrexham, Wales in 2004, said it was also seeing increased demand from the British market following the introduction of subsidies for renewable energy installations in April.

"This time last year 99 percent of the modules that we manufactured at Wrexham were exported to Europe and that has already dropped to 90 percent," Andrew Lee, General Manager of Sharp Solar told Reuters.



never let desperation get in the way of judgement.
by ceebs (ceebs (at) eurotrib (dot) com) on Thu Jul 29th, 2010 at 06:21:08 PM EST
[ Parent ]
Wouldn't it make more sense to buy it in europe, but install it in the Sahara ?

If you don't want to transmit it to europe as electric, make a transportable commodity using electrical power such as industrial alcohol or ammonia fertilizer that is currently made using petro-chemical processes

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Fri Jul 30th, 2010 at 06:33:29 AM EST
[ Parent ]
by In Wales (inwales aaat eurotrib.com) on Thu Jul 29th, 2010 at 11:06:49 AM EST
EUobserver
Microsoft, Google and other US firms are pushing Brussels for a single set of rules on cloud computing and data-storage services, reports the Wall Stree Journal. The EU commission to produce a preliminary text in the autumn on 31 new pieces of legislation, some of which may touch on cloud computing.


Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Jul 29th, 2010 at 11:10:31 AM EST
[ Parent ]
France24 - Spanish bullfighting sector to fight Catalan ban

AFP - Top Spanish bullfighting entrepreneurs vowed on Thursday take Catalonia's parliament to court in a bid to reverse its decision to ban the bloodsport and stop other regions from following their lead.

"We are going to launch a huge battle" against this "outrageous" measure, promoter Luiz Alvarez, a founder of the bullfighting lobby group Mesa del Toro, told AFP.

Catalonia's regional parliament on Wednesday voted to ban bullfighting from January 1, 2012.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Jul 29th, 2010 at 11:28:27 AM EST
[ Parent ]
France24 - Arab appeals jailing for consensual sex with Jew

AFP - An Arab man jailed for 18 months for duping a Jewish woman into consensual sex by lying about his ethnicity has appealed his sentence to Israel's supreme court, media reported on Thursday.

The man's lawyer, Elkana Laist, told the Ynet news website that he had appealed because the severity of the sentence did not reflect the reality of the case.

Sabbar Kashur, 30, was sentenced to jail last week after a court found that the married Arab had had sex with the woman by posing as a Jewish bachelor interested in a long-term relationship.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Jul 29th, 2010 at 11:30:03 AM EST
[ Parent ]
France24 - Officials blame organisers for fatalities at Love Parade

AP - German state authorities on Wednesday accused the organizer of last weekend's Love Parade techno festival of major security breaches which may have led to the crush that killed 21 people and injured more than 500.

The organizer's security officials failed to properly control the entrance area where the victims were crushed, according to North Rhine-Westphalia's Interior Minister Ralf Jaeger and the state's chief police controller Dieter Wehe.

"Security did not fulfill its duty," Wehe said while presenting the key findings of a preliminary police investigation at a news conference.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Jul 29th, 2010 at 11:34:16 AM EST
[ Parent ]
Duisburg's mayor 'must take moral responsibility' for Love Parade deaths | Germany | Deutsche Welle | 29.07.2010

Hannelore Kraft, state premier of North Rhine-Westphalia, has called on the lord mayor of the western German city of Duisburg to accept moral responsibility for the deaths of 21 people at a stampede at the Love Parade techno festival on Saturday.

 

In a statement in Thursday's edition of the regional paper Rheinische Post, Kraft said Adolf Sauerland "and those responsible in the city government will ultimately have to take political responsibility."



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Jul 29th, 2010 at 11:36:23 AM EST
[ Parent ]
Water is a human right, UN says | Environment & Development | Deutsche Welle | 29.07.2010

Access to clean drinking water is now an official basic human right - just like the right to food and the right to live without torture and racial discrimination. The resolution was approved late yesterday by the United Nations General Assembly without opposition.

 

Although the decision does not make the right to water legally enforceable, it is symbolically important and places more political obligation on national governments. The resolution highlights how urgent the issue of water shortage is for a growing portion of the world's population.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Jul 29th, 2010 at 11:39:03 AM EST
[ Parent ]
Fight against blood diamonds can't be forgotten, campaigner says | Environment & Development | Deutsche Welle | 29.07.2010
The war crimes trial of former Liberian President Charles Taylor in The Hague is expected to take a glamorous turn with British supermodel Naomi Campbell scheduled to testify next week. She's claimed that Taylor gave her a large, rough diamond at a dinner party in South Africa in 1997. That diamond is allegedly linked to the civil war in Sierra Leone. Taylor stands accused of arming rebels in return for illegally mined diamonds.


Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Jul 29th, 2010 at 11:40:08 AM EST
[ Parent ]
France launches long-delayed online anti-piracy agency Hadopi | Science & Technology | Deutsche Welle | 29.07.2010

The French government on Tuesday announced the official launch of Hadopi, the government agency designed to promote creative works on the Internet and to counter online piracy. One of the law's most controversial provisions created a "three strikes" system where, in addition to possible fines and even jail time, a person caught illegally downloading copyrighted material three times would be blacklisted from receiving Internet service for up to a year.

 

The law, which has been in the works since 2008, has gone through various iterations, including surviving a Constitutional Council of France ruling. The court decision required judicial review before terminating someone's Internet connection. Deutsche Welle spoke with Joe McNamee of EDRi, a European digital rights organization based in Brussels about the Hadopi going into effect.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Jul 29th, 2010 at 11:40:48 AM EST
[ Parent ]
Suspected Nazi guard charged over 430,000 killings | Reuters

(Reuters) - Prosecutors in Germany have charged a suspected Nazi camp guard with helping to kill 430,000 Jews in the Holocaust and personally shooting 10 others.

State prosecutors in the western city of Dortmund said on Thursday charges had been filed against Samuel Kunz, 88, for assisting in the murder of Jews at Nazi death camp Belzec near the Polish city of Lublin between January 1942 and July 1943.

Kunz is also accused of shooting 10 Jews in two separate incidents, prosecutors' spokesman Christoph Goeke said.

Because Kunz was under 21 at the start of the period under investigation, the trial will probably be held in the youth chamber of a court in nearby Bonn, prosecutors said. No date has been set for the trial.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Jul 29th, 2010 at 11:48:44 AM EST
[ Parent ]
Don't call them obese, they're fat: UK minister | Reuters

(Reuters Life!) - Calling people fat rather than obese would be more likely to motivate them to lose weight, according to Britain's public health minister.

Doctors and health workers are too worried about using the term "fat," Anne Milton said, but doing so could help encourage people to take personal responsibility for their lifestyles.

"If I look in the mirror and think I am obese I think I am less worried (than) if I think I am fat," Milton, a former nurse, told the BBC. "At the end of the day, you cannot do it for them. People have to have the information."



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Jul 29th, 2010 at 11:50:03 AM EST
[ Parent ]
Fat is just so ... abrupt.

I also prefer calling the US Department of War the "Department of Defense" and surrender of national sovereignty to transnational corporate government "the Free Market". Makes it all seem so much the nicer.

Utsukushikereba sore de ii

by BruceMcF (agila61 at netscape dot net) on Thu Jul 29th, 2010 at 06:24:14 PM EST
[ Parent ]
DOA: Department of Attack.
by njh on Thu Jul 29th, 2010 at 08:07:16 PM EST
[ Parent ]
Ah, if only! If they had attacked Afghanistan, then attacked Iraq, then went home.

No, its the Department of War. Its ongoing wars that require logistical support bases in places that have not faced the remotest threat of attack for over a decade, in order to generate those juicy base support contracts.


Utsukushikereba sore de ii

by BruceMcF (agila61 at netscape dot net) on Thu Jul 29th, 2010 at 11:49:39 PM EST
[ Parent ]
I assume you also intended the connotation of Dead on Arrival

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Fri Jul 30th, 2010 at 06:35:43 AM EST
[ Parent ]
Closing the Gap: How Desire Affects Perceptions of Distance: Scientific American
People see desirable objects as physically closer than less desirable ones, according to a study in the January issue of Psychological Science. When psychologists Emily Balcetis of New
York University and David Dunning of Cornell University asked people to estimate how far away a bottle of water was, those who were thirsty guessed it was closer than nonthirsty people did. This difference in perception showed up in a physical challenge, too. People tossing a beanbag at a $25 gift card were, on average, nine inches shy, whereas people aiming for a gift card worth nothing overshot by an inch.


"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Thu Jul 29th, 2010 at 01:02:05 PM EST
[ Parent ]
AFP via Google: Russian theatre appoints Spanish ballet director
In a first for modern Russia, a leading Russian theatre on Wednesday appointed a celebrated Spanish choreographer as its ballet director.

The Mikhailovsky Theatre in Saint Petersburg said Spanish dance legend Nacho Duato would lead its ballet troupe from January 2011, the first time a foreigner has been appointed to such a post since the Tsarist era.

The last foreigner to lead a Russian ballet theatre was the French choreographer Marius Petipa who was invited by the Romanov imperial family to work in Saint Petersburg in the 19th century.



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 29th, 2010 at 05:21:15 PM EST
[ Parent ]
Rolling Stone Writer: McChrystal Pals 'Were Lying' About Ground Rules - DailyFinance
Michael Hastings, the Rolling Stone writer whose reporting compelled the White House to fire Gen. Stanley McChrystal as commander of U.S. forces in Afghanistan, does not mince words when it comes to allegations that he broke pre-arranged ground rules or agreements to go off the record.

"They were lying," Hastings said, referring to the unnamed sources who leveled the accusations last month as fallout from his story mounted. "What they said to The Washington Post and, I think, to the Army Times is fiction. And they know that."

He was speaking Thursday at a small luncheon hosted by the American Society of Magazine Editors.

Not only did he adhere to the ground rules, Hastings said; he even went beyond them, running some quotes from McChrystal's staff without attribution that he had every right to attach to names. He did that not to protect the speakers, he said, but merely as "an editorial decision."

"Whatever ground rules were put down, we followed them," he said. "Whenever someone said something was off the record, I followed that. There is absolutely no gray area here. How it works is the reporter goes and hangs out with a subject and writes down what the subject says and does."

One bit of evidence that Hastings played fair: He's already been approved by the military for another assignment. "There's actually an embed that's waiting for me in Afghanistan," he said


never let desperation get in the way of judgement.
by ceebs (ceebs (at) eurotrib (dot) com) on Fri Jul 30th, 2010 at 09:41:12 AM EST
[ Parent ]
 PEOPLE AND KLATSCH 


Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Jul 29th, 2010 at 11:07:07 AM EST
France24 - Carla Bruni-Sarkozy makes acting debut with Woody Allen

AP - France's first lady, a former supermodel turned singer, is making her debut as an actress, filming Wednesday in the shadow of Notre Dame cathedral for Woody Allen's "Midnight in Paris."

Carla Bruni-Sarkozy jotted in a notebook while seated next to actor Owen Wilson on a park bench. Allen gave instructions, while dozens of onlookers tried to get a glimpse of the action on the cordoned-off Jean XXIII Square.

The French president showed up on a nearby set Tuesday, in dark suit but no tie, to watch his spouse in her latest creative venture.

Allen, beloved by the French, recruited Bruni-Sarkozy last fall for a role in the romantic comedy which follows a family traveling in Paris for business. France's first lady reportedly plays a museum director.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Jul 29th, 2010 at 11:30:36 AM EST
[ Parent ]
Japan robots chat, play -- and help find lost specs | Reuters
(Reuters) - Robots that can chat, find misplaced glasses, draw airplanes and play with your children are attracting thousands of visitors during an expo in Tokyo as Japan adapts to changes in society.


Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Jul 29th, 2010 at 11:47:02 AM EST
[ Parent ]


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