European Salon de News, Discussion et Klatsch - 3 September

by In Wales
Thu Sep 2nd, 2010 at 04:48:25 PM EST

 A Daily Review Of International Online Media 


Europeans on this date in history:

1658 - death of Oliver Cromwell, an English military and political leader best known in England for his involvement in making England into a republican Commonwealth.

More here and here

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Ad astra per aspera

by In Wales (inwales aaat eurotrib.com) on Thu Sep 2nd, 2010 at 12:30:50 PM EST
Energy companies bet on nuclear power to recoup investments | Business | Deutsche Welle | 02.09.2010
With Berlin scheduled to unveil a new energy concept, power companies have been lobbying for the extended use of their nuclear plants, if only for 10 to 15 more years. They could recoup their investments and then some. 

When the German government unveils its new energy concept September 28, it will likely announce a plan to prolong the life span of the country's 17 existing nuclear power plants. Chancellor Angela Merkel has advocated doing so by another 10 to 15 years, saying that would make it possible for the country to control electricity prices and meet goals for greenhouse gas emissions.

But critics say an aggressive nuclear energy lobby has been pushing for such extended life spans so that power companies can continue to reap profits from their investments in nuclear reactors. Four companies operate nuclear power plants in Germany: E.ON, RWE, Vattenfall and EnBW.



Jesus died for somebody's sins but not mine - Patti Smith
by dvx (dvx.clt ät gmail dotcom) on Thu Sep 2nd, 2010 at 03:56:05 PM EST
[ Parent ]
German Central Bank wants board member removed over race comments | Germany | Deutsche Welle | 02.09.2010
Germany's Central Bank has initiated proceedings to remove one of its board members, Thilo Sarrazin, for controversial remarks he made on race and immigration. 

Executive board members of the German Central Bank on Thursday agreed to file a request for the removal of one of its board members, Thilo Sarrazin, following controversial remarks he made on race and immigration in interviews and in a new book released earlier this week.

The decision comes after mounting political pressure to drop the contentious banker and limit damage to the country's reputation.

"The board of the German Central Bank today decided unanimously to ask the president of the republic to dismiss Dr. Thilo Sarrazin as a member of the board," the bank said in a statement.

Jean-Claude Trichet, head of the European Central Bank, also said on Thursday that he was "appalled" by Sarrazin's comments.



Jesus died for somebody's sins but not mine - Patti Smith
by dvx (dvx.clt ät gmail dotcom) on Thu Sep 2nd, 2010 at 03:56:59 PM EST
[ Parent ]
This is huge news in Deutschland, as most of it is auf Deutsch, not posted here. The outrage is significant, as are those who defend Sarrazin's views.

If only he could take Axel Weber down with him, his views would not be in vain.

Skennah Kowa

by Crazy Horse on Thu Sep 2nd, 2010 at 04:59:31 PM EST
[ Parent ]
It's been getting a fair amount of coverage in the Israeli press, but without much of the outrage - Israelis are used by now to nonsense about the Jewish/Cohen/Levy (well, not the Levy one: there are 2 genetically distinct groups of Levys). Somebody even claimed recently that the Palestinians also have the Jewish gene: this is presumably a distorted version of a recent study that claims that the Palestinians are the closest group, genetically, to the Jews.
by gk (g k quattro due due sette "at" gmail.com) on Thu Sep 2nd, 2010 at 05:13:35 PM EST
[ Parent ]
I always thought that Palestinians were post-diaspora jews who'd hung around and moved back in when the romans left and then been been converted at some stage or another.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Fri Sep 3rd, 2010 at 04:26:16 AM EST
[ Parent ]
[citation needed]
by afew (afew(a in a circle)eurotrib_dot_com) on Fri Sep 3rd, 2010 at 05:06:32 AM EST
[ Parent ]
macro:

((cite))

;)

by afew (afew(a in a circle)eurotrib_dot_com) on Fri Sep 3rd, 2010 at 05:07:49 AM EST
[ Parent ]
Me, or Helen? See, for example, Jewish and Middle Eastern non-Jewish populations share a common pool of Y-chromosome biallelic haplotypes or

("Solid triangles represent Jewish populations, solid squares represent Middle Eastern populations, and open circles represent all other populations.")

Note that all this is about DNA, not mtDNA which is a completely different story.

by gk (g k quattro due due sette "at" gmail.com) on Fri Sep 3rd, 2010 at 06:10:38 AM EST
[ Parent ]
Where are the French?

"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Fri Sep 3rd, 2010 at 06:35:23 AM EST
[ Parent ]
Somewhere among the Muslims by now, no doubt....(Actually the paper didn't have any in the sample)
by gk (g k quattro due due sette "at" gmail.com) on Fri Sep 3rd, 2010 at 07:15:05 AM EST
[ Parent ]
Maybe it's the solid square tagged "Sar" (for Sarkozians)...

"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Fri Sep 3rd, 2010 at 07:39:31 AM EST
[ Parent ]
It was a response to Helen. Not that I doubt the possibility (even the likelihood) of what she says.

Thanks for the references.

by afew (afew(a in a circle)eurotrib_dot_com) on Fri Sep 3rd, 2010 at 07:50:23 AM EST
[ Parent ]
As I didn't assert the connection, but instead prefaced it with an "I always thought..." which is much less strong, I made an assumption that I had sneaked under the ET citation requirement for dubious and near-bogus statements.

I have always presumed the wild surmise that if you saw some ethnic group who, when they got suntans, ended up looking like another ethnic group who now inhabited the area the first lot left 2000 years ago, there might be a familial connection somewhere along the line.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Fri Sep 3rd, 2010 at 08:33:58 AM EST
[ Parent ]
Actually, if you read the article gk links to, the research seems to indicate a common Middle-Eastern ancestry for Jewish groups and Middle-Eastern non-Jewish groups. Which of course doesn't say anything about cultural events such as possible conversions to other religions of Jews possibly remaining in Palestine.
by afew (afew(a in a circle)eurotrib_dot_com) on Fri Sep 3rd, 2010 at 08:59:29 AM EST
[ Parent ]
News of the World told press watchdog of fresh phone-hacking allegation | Media | guardian.co.uk

The News of the World is facing a fresh allegation of phone hacking against one of its journalists, the Press Complaints Commission confirmed today.

The commission was informed by the paper just over two months ago about the allegation, and the journalist involved has been "suspended from reporting duties".

Stephen Abell, the PCC director, confirmed today that the press regulator was informed by the paper in June "of the existence of the recent allegation of phone-message hacking against the reporter". Abell said that the PCC was prevented from launching its own investigation because the allegation was "the subject of legal action".

The new claim was revealed late yesterday in a New York Times article on the News of the World phone-hacking affair. The paper reported that the News of the World was conducting a new phone-hacking investigation and had suspended a reporter, after a "television personality" had been alerted by her phone company to a "possible unauthorised attempt to access her voicemail" and the number was traced back to a journalist at the paper.



Jesus died for somebody's sins but not mine - Patti Smith
by dvx (dvx.clt ät gmail dotcom) on Thu Sep 2nd, 2010 at 03:58:02 PM EST
[ Parent ]
This is a continuing proxy fight between the NYT and WSJ. Long may it continue :-)))

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Fri Sep 3rd, 2010 at 04:27:07 AM EST
[ Parent ]
Kosovo offers to bury differences with Serbia | World news | The Guardian

The prime minister of Kosovo, which seceded from Serbia and declared independence two years ago, has offered to make a fresh start in relations with Belgrade, which is coming under increasing European pressure to respond in kind.

In an article for the Guardian's Comment is free, Hashim Thaçi said it was "inevitable" that Kosovo and Serbia would resolve their deep enmity, bury their differences, and look to a future integrated in the European Union (EU).

The call for new negotiations between Pristina and Belgrade followed a blunt warning to the Serbian government this week from the foreign secretary, William Hague, who said the Serbs were jeopardising their chances of joining the EU by refusing to deal with an independent Kosovo.



Jesus died for somebody's sins but not mine - Patti Smith
by dvx (dvx.clt ät gmail dotcom) on Thu Sep 2nd, 2010 at 04:04:49 PM EST
[ Parent ]
RTÉ News: EC halts proposed data deal with Israel

The European Commission has halted a proposal to allow Israel access to potentially sensitive data on European Union citizens following concerns expressed by the Irish Government.

The concerns arose following the use of forged Irish passports in the murder of a Hamas operative, allegedly by Israeli agents.

In a surprise move this morning, the Commission said they would withdraw the application to effectively recognise Israel's data protection standards as being on a par with those enjoyed in the EU.



never let desperation get in the way of judgement.
by ceebs (ceebs (at) eurotrib (dot) com) on Thu Sep 2nd, 2010 at 04:16:11 PM EST
[ Parent ]
Fury in Austria at anti-mosque game - Europe - Al Jazeera English

A far-right party in Austria has sparked outrage by launching an online video game which allows players to shoot down minarets and muezzins calling for prayer.

The game, called "Moschee Baba", or "Bye Bye Mosque", gives players 60 seconds to collect points by placing a target over cartoon mosques, minarets and Muslims and click a "Stop" sign.

It is being used by the Freedom Party (FPOe), which has a link to the game on its website, to encourage voters to elect Gerhard Kurzmann, the party's candidate in the picturesque region of Styria.

"Game Over. Styria is now full of minarets and mosques!" it says at the end of a session, before inviting players to vote for Kurzmann on September 26, when local elections are being held.



Jesus died for somebody's sins but not mine - Patti Smith
by dvx (dvx.clt ät gmail dotcom) on Thu Sep 2nd, 2010 at 04:25:17 PM EST
[ Parent ]
Europe's Roma: Hard travelling | The Economist

SLOVAKIA is in shock; France in uproar. The cause of both nations' turmoil is the Roma (gypsies), or, rather, what is being done to them. This week a gunman in the Slovak capital, Bratislava, killed seven people and injured 14, before shooting himself dead. Six of the victims were a Roma family, killed inside their apartment; they appear to have been deliberately targeted.

In France the expulsion of hundreds of Roma immigrants, whom Nicolas Sarkozy's government says were in the country illegally, has galvanised opposition from the pope, French churches, a UN committee and even several ministers in Mr Sarkozy's own government. Yet further tough legislation is promised.

Between them the Slovakian shootings and the expulsions from France highlight the difficulties faced by Europe's largest stateless minority. An ingrained underclass, Roma are the victims of prejudice, often violent, at home in eastern Europe. Thousands have migrated westward to seek a better life, particularly as the expansion of the European Union has allowed them to take advantage of freedom-of-movement rules. Yet although conditions may be better in the west, the reception has rarely been friendly and politicians like President Sarkozy have ruthlessly exploited hostility towards the newcomers.



Jesus died for somebody's sins but not mine - Patti Smith
by dvx (dvx.clt ät gmail dotcom) on Thu Sep 2nd, 2010 at 04:35:48 PM EST
[ Parent ]
FT.com / Brussels - Deal paves way for pan-EU financial watchdogs
The European Union reached a long-awaited agreement on Thursday night on reform of financial supervision, paving the way for the establishment of three pan-EU watchdogs to oversee controls on banks and insurers in the region from next year.
...
The overhaul involves the creation of a European Systemic Risk Council to assess threats to regional financial stability. In addition, three watchdogs - covering banking, insurance and securities markets, respectively - will also be established.

Day-to-day supervision of individual companies and markets will remain with national supervisors but the new EU bodies will develop harmonised rules and approaches to co-ordinate their actions.
...
The new watchdogs will have no direct supervisory powers, other than for credit rating agencies operating in the EU - a move which should reassure the UK. MEPs have also dropped their demand that the new watchdogs are all based in Frankfurt: instead they will be split between London, Paris and the German city.

The watchdogs will have some additional powers in "emergency situations", however, and may temporarily ban or restrict certain financial activities if these threaten the stability of the EU's financial system. But "emergencies" will be called by the member states, rather than the European Commission or parliament.



"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Fri Sep 3rd, 2010 at 02:37:55 AM EST
[ Parent ]
Secret EU Asset Freezes May Saddle Banks With New Costs - Bloomberg
European Union banks may face new costs and liabilities next year under a law allowing claimants to freeze debtors' assets in the bloc with court orders from any EU jurisdiction, lawyers say.

The European Commission wants the proposal in place as soon as March, allowing judges to grant cross-border account freezes in secret and apply them to banks in other EU nations before a debtor is aware of the claim.

The legislative arm of the 27-nation EU says 63 percent of cross-border debt can't be recovered, and it blames a network of diverging national laws and the high cost of winning separate freezes in each country where assets are located. Lawyers aren't convinced the new law will help.



"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Fri Sep 3rd, 2010 at 08:45:11 AM EST
[ Parent ]
 ECONOMY & FINANCE 


Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Sep 2nd, 2010 at 12:31:12 PM EST
Pressure Rises on Shaken Kabul Bank in Afghanistan - NYTimes.com

KABUL, Afghanistan -- One of the principal owners of the Afghan bank at the center of an accelerating financial crisis here said depositors had withdrawn $180 million in the past two days. He predicted a "revolution" in the country's financial system unless the Afghan government and the United States moved quickly to help stabilize the bank.

Khalil Frozi, one of the two largest shareholders of Kabul Bank, said reports indicating that the institution had lost as much as $300 million were overstated. But he predicted that if Afghan depositors continued to withdraw their money at the current rate, then Kabul Bank would almost certainly collapse -- undermining confidence in the nascent financial system Afghanistan has been trying to build with American help.

"If people lose their trust in the banks, then we will have revolution in our financial system," Mr. Frozi said in an interview. "We need the Afghan government and the U.S. government to support us. That is essential."

The news came as Afghan leaders took the first steps toward arresting the panic, which began earlier this week when the country's top banking officials demanded the resignations of Mr. Frozi, the bank's chief financial officer, and of the bank's chairman, Sherkhan Farnood.



Jesus died for somebody's sins but not mine - Patti Smith
by dvx (dvx.clt ät gmail dotcom) on Thu Sep 2nd, 2010 at 04:06:36 PM EST
[ Parent ]
Now it's GLOBAL Too Big To Fail! Wonderful! Sounds like a fucking scam to me.

I love the smell of roast chicken in the morning!
by THE Twank (yatta blah blah @ blah.com) on Thu Sep 2nd, 2010 at 06:20:37 PM EST
[ Parent ]
Bernanke Says He Wasn't `Straightforward' on Lehman - Bloomberg

ederal Reserve Chairman Ben S. Bernanke said he regretted not saying in congressional testimony shortly after the failure of Lehman Brothers Holdings Inc. in 2008 that the central bank had no authority to save the firm.

The testimony at the time "has supported this myth that we did have a way of saving Lehman," Bernanke said today in response to questions during a Financial Crisis Inquiry Commission hearing in Washington. "I regret not being more straightforward there because clearly it has supported the mistaken impression that in fact we could have done something."

Bernanke made the remarks to explain the disparity between his September 2008 testimony that the Fed and U.S. Treasury "declined to commit public funds to support the institution" and later statements that the government had no option to save Lehman because of inadequate collateral. The Fed decided at the time against saying Lehman was unsalvageable because it may have risked further panic in financial markets, Bernanke said today.



Jesus died for somebody's sins but not mine - Patti Smith
by dvx (dvx.clt ät gmail dotcom) on Thu Sep 2nd, 2010 at 04:19:54 PM EST
[ Parent ]
Irish Ask How Much Is Too Much as Bank Rescue Trumps Austerity - Bloomberg

It may just be a few billion euros too far for Ireland's beleaguered taxpayers.

Anglo Irish Bank Corp. said Aug. 31 it needs about 25 billion euros ($32.1 billion) in state funding, equivalent to about two-thirds of this year's tax revenue. Standard & Poor's, which last week cut the country's credit rating to AA-, said the state may have to inject as much as 35 billion euros.

"It's like a bad dream where you're chasing something you can't catch up with," said Micheal O'Cearbhail, a retired television producer shopping in O'Connell Street, Dublin's main thoroughfare. "Eventually they'll have to close it down."

Few places in the world encapsulate the global financial crisis more than Ireland as the country's decade-long economic boom came to a halt with the collapse of the property market.



Jesus died for somebody's sins but not mine - Patti Smith
by dvx (dvx.clt ät gmail dotcom) on Thu Sep 2nd, 2010 at 04:21:47 PM EST
[ Parent ]
Is Fianna Fail about to become Finally Fail? One bank needs the almost the entire year's tax receipts! This is stupidity beyond comprehension -- except perhaps in the USA and the UK.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Sep 2nd, 2010 at 08:25:13 PM EST
[ Parent ]
The Irish government can always ask that bank for a loan.
by ThatBritGuy (thatbritguy (at) googlemail.com) on Thu Sep 2nd, 2010 at 08:41:10 PM EST
[ Parent ]
i made a comment in tonight's OT which probably belongs here, but I'm too lazy to post it again. (not lazy CH, burned out. ok, whatever you say.)

Skennah Kowa
by Crazy Horse on Thu Sep 2nd, 2010 at 04:55:59 PM EST
[ Parent ]
Yea, it's bad sad news. We can afford austerity with oil and gas steady as she goes, but can't afford to prepare for the future.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Fri Sep 3rd, 2010 at 08:41:51 AM EST
[ Parent ]
FT.com / Europe - Trichet raises eurozone growth forecast
The European Central Bank on Thursday said eurozone growth this year would be much stronger than previously expected, but betrayed worries about the outlook by warning that its forecasts could prove over-optimistic and extending into 2011 the supply of emergency liquidity to the region's banks.

Jean-Claude Trichet, president, said the "very substantial" upward forecast revision followed an exceptional recent growth spurt. Although growth would cool in the second half of the year, he expected a continuing "positive underlying momentum" in the eurozone, and again ruled out a "double dip" back into recession.

However, the ECB president surprised analysts by warning that risks to the outlook were "slightly tilted to the downside", indicating a lack of faith in the ECB staff's forecasts.

Risks included weaker growth "in other advanced economies" - an obvious reference to the US, although Mr Trichet said the ECB had never expected "extraordinarily dynamic" growth on the other side of the Atlantic.

The ECB's caution about its economic forecasts reflected fears about raising false expectations. For this year, it expected growth in a range with a midpoint of 1.6 per cent compared with 1 per cent anticipated in June. For 2011, it expected 1.4 per cent growth, compared with the 1.2 per cent expected previously.



"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Thu Sep 2nd, 2010 at 04:59:18 PM EST
[ Parent ]
FT.com / China - Foreign companies `losing out' in China
Foreign companies are losing market share in China across a broad range of industries because of discriminatory treatment by the government and regulators, according to the European Chamber of Commerce in China.

In its annual position paper, the organisation aired a host of complaints from its member companies and explicitly accused Beijing of violating its World Trade Organisation commitments through its heavy-handed certification requirements.

"Compulsory certification in excess of what is reasonable is being used to keep foreigners out of the market and business license requirements continue to exclude foreign companies from entire sectors," the group said.

China uses business licensing to restrict foreign access to some sectors and applies "vague and unprecedentedly broad definitions of public security and critical infrastructure" in its certification of a wide range of products, the EU chamber said.

This means foreign companies, particularly in industries like banking, transportation, IT and telecommunications, are often unable to get their products certified and so cannot sell them in China.



"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Thu Sep 2nd, 2010 at 05:00:59 PM EST
[ Parent ]
From now on I'm cheering for China. They're smart and they're playing to win, and they will. Screw everybody else. Social Darwinism in action.

I love the smell of roast chicken in the morning!
by THE Twank (yatta blah blah @ blah.com) on Thu Sep 2nd, 2010 at 06:23:10 PM EST
[ Parent ]
Oddly, they're not smart and they won't win.

an awful lot of what they've done in terms of resource capture has been really smart. But they've screwed their water and agricultural land with pollution and global warming, yet they can't drink sand.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Fri Sep 3rd, 2010 at 08:44:27 AM EST
[ Parent ]
They treat their population the way Republicans want to treat the US population. My opinion, China's first goal is to "Win the SuperBowl"; if they lose a few million players during the game, so be it. And once you win the game, you exterminate the competition so they can then calmly remake the world. A little(?) polution ... as long as the higher ups and the necessary military are fine, they don't care.  Once the competition is gone, then heal the world.  It'll work if they don't turn the place into Mars in the process.

I love the smell of roast chicken in the morning!
by THE Twank (yatta blah blah @ blah.com) on Fri Sep 3rd, 2010 at 09:04:17 AM EST
[ Parent ]
Calculated Risk: Greece: Default Probabilities before and after policy response

Here is a graph from the Council of Foreign Relations blog: Greek Debt Crisis - Apocalypse Later

Click on graph for larger image in new window.

This graph from Paul Swartz at the CFR shows the default probabilities on three different dates:

On April 30th, no European plan was yet in place to address the ballooning Greek debt, and default was considered a real possibility in the short term. On May 11th, just after the European Stabilization Mechanism (ESM) was announced, markets sharply cut their view on the odds of default across all time horizons. ... On September 1st, the market's view of the probability of default within two years was lower than before the ESM was announced, but higher over longer time frames.

So initially the policy response lowered the default probabilities across all time frames (from red to light blue), but now - after further analysis - the default probabilities have increased for longer time frames (green).



"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Thu Sep 2nd, 2010 at 05:07:26 PM EST
[ Parent ]
SEC Probes Canceled Trades  WSJ  (H/T naked capitalism)

Regulators are scrutinizing what some in the stock market are calling "quote stuffing," trading in which unusually large numbers of orders to buy or sell stocks are placed in a fraction of a second, only to be canceled almost immediately.

The Securities and Exchange Commission has begun looking into whether the practice is putting some investors at a disadvantage by distorting stock prices, according to people familiar with the matter. The SEC is looking at what role, if any, quote stuffing played in the May 6 "flash crash," when the Dow Jones Industrial Average collapsed 700 points in minutes

Putting some investors at a disadvantage! How about everyone who does not have the latest HFT machine with the latest HFT algos co-located at the exchange? The SEC will have to think long and hard about this!

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

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Sep 2nd, 2010 at 08:40:41 PM EST
[ Parent ]
FT.com / Companies / Banks - Lenders shunned on stress tests doubts
Leading UK and continental European companies are increasingly shunning banks from Spain, Italy and even Germany because they do not believe the Europe-wide stress testing of banks gave a true picture of their financial health.

Corporate treasurers from groups with revenues of more than $240bn told the Financial Times they were conducting their own tests to gauge for themselves banks' robustness.



"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Fri Sep 3rd, 2010 at 02:40:28 AM EST
[ Parent ]
They don't say which banks they're turning to instead: French? British? Russian? USian? Icelandic?

Europeans think a hundred miles is a long way. Americans think a hundred years is a long time.
by Bernard on Fri Sep 3rd, 2010 at 11:16:01 AM EST
[ Parent ]
Groups with revenues of more than $240bn can finance themselves directly on the financial markets.

"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Fri Sep 3rd, 2010 at 11:48:52 AM EST
[ Parent ]
FT.com / Comment / Analysis - Hijacking the market? The global spread of high-frequency trading
High-frequency trading: Up against a bandsaw

At an industrial estate on the edge of Tseung Kwan O, a new town connected by road tunnel to Kowloon, work has started on a data centre where traders of stocks, futures, options and currencies will place their computers next to Hong Kong Exchanges' own systems.
...
The concept - known as co-location - is growing fast. Last week, NYSE Euronext completed the move of trading in thousands of New York Stock Exchange-listed companies to a similar data centre in New Jersey.
...
The speed with which exchanges are building such facilities is a sign of the global spread of a phenomenon gripping the markets: "high-frequency trading" (HFT). The phrase describes a style of electronic dealing that uses algorithms to dip automatically in and out of markets hundreds of times faster than the blink of a human eye.
...
But like an invasive species in the natural world, HFT had grown rapidly before the wider public even noticed. Tabb Group, a consultancy, estimates that HFT now accounts for 56 per cent of all equity trades in the US and 38 per cent by value in Europe.
...
Concern is therefore growing that the markets may be morphing into little more than a playground for a specialised type of trading that has minimal economic benefit and contributes little if anything to capital formation - the traditional function of stock exchanges.



"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Fri Sep 3rd, 2010 at 02:53:01 AM EST
[ Parent ]
...a specialised type of trading that has minimal economic benefit and contributes little if anything to capital formation - the traditional function of excuse for stock exchanges.

fixed

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Fri Sep 3rd, 2010 at 08:48:13 AM EST
[ Parent ]
FT.com / Markets / Insight - Cautionary tale about exit strategies from 1930s Japan
As the policy debate intensifies, investors might spare a thought for Takahashi Korekiyo, Bank of Japan governor from 1911 to 1913. He also served as finance minister and prime minister in the 1920s and 1930s.
...
However, in December 1931, Takahashi returned to the job of finance minister... A Keynsian by instinct Koreyiko reversed the tough, deflationary stance of his predecessor and fought recession with massive stimulus: he abandoned the gold standard, loosened credit conditions and raised public spending, financed with new debt.In some ways, it worked
...

But Takahashi encountered two problems... tensions continued to rise, partly because the large conglomerates, or zaibatsu, were the biggest winners from stimulus. Mitsui, for example, made millions of dollars from currency trading as Japan left the gold standard...

Second, and unsurprisingly, the spending bonanza undermined confidence in Japan's government debt and its currency, creating fragility.

So in 1936, Takahashi embarked on an exit strategy, cutting public spending and tightening monetary policy.

From a macroeconomic perspective, it made sense. But it cost Takahashi his life. As political tensions exploded, he was assassinated by rogue army officers who were furious at - among other things - the military spending cuts. That triggered a slide towards militarism, wild public spending and hyperinflation.



"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Fri Sep 3rd, 2010 at 05:00:48 AM EST
[ Parent ]
Second, and unsurprisingly, the spending bonanza undermined confidence in Japan's government debt and its currency, creating fragility.

What does that even mean?

Wait this is important. Someone is wrong on the Internet.

by generic on Fri Sep 3rd, 2010 at 11:39:21 AM EST
[ Parent ]
Irish Worries For The Global Economy « The Baseline Scenario
Ireland, simply put, appears insolvent under plausible scenarios with current policies. The idea that Ireland, Greece or Portugal can cut spending and grow out of overvalued exchange rates with still large budget deficits, while servicing all their debts and building more debt, is proving - not surprisingly - wrong. Such policies leave nations burdened with large debt overhangs that effectively tax businesses and borrowers - because interest rates must stay high to reflect risk.

Investors must wonder whether businesses and homeowners can afford these higher interest rates, so banks and investors cut credit lines and reduce lending. This strangles economies, even when the fiscal authorities take tough steps needed to cut deficits.



"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Fri Sep 3rd, 2010 at 07:43:03 AM EST
[ Parent ]
Irish Worries For The Global Economy « The Baseline Scenario
Under the current program, we estimate each Irish family of four will be liable for 200,000 euros in public debt by 2015. There are only 73,000 children born into the country each year, and these children will be paying off debts for decades to come - as well as needing to accept much greater austerity than has already been implemented. There is no doubt that social welfare systems, health care and education spending will decline sharply.

Watch for renewed emigration from a famously footloose population. If current policies continue, the calamity of the Irish banking system will lead to a much deeper recession and the consequences will be felt for decades. Watch also for further global financial disruption as this kind of deal starts to unravel.



"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Fri Sep 3rd, 2010 at 07:46:06 AM EST
[ Parent ]
 WORLD 


Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Sep 2nd, 2010 at 12:31:35 PM EST
Middle East peace 'in a year' | World news | The Guardian

The Israeli and Palestinian leaders, Binyamin Netanyahu and Mahmoud Abbas, met for the first day of direct talks in Washington today and agreed that a peace deal could be achieved within a year.

George Mitchell, the White House envoy who joined the negotiations, said the two leaders decided to begin putting together a framework agreement on all major issues - such as borders, Jerusalem, Jewish settlements and security - that will "establish the fundamental compromises necessary" to flesh out a comprehensive peace deal.

Mitchell said Netanyahu and Abbas agreed to meet again in a fortnight in the Middle East and every two weeks after that. The US secretary of state, Hillary Clinton, and Mitchell will attend the first of those meetings on 14 September.



Jesus died for somebody's sins but not mine - Patti Smith
by dvx (dvx.clt ät gmail dotcom) on Thu Sep 2nd, 2010 at 04:02:03 PM EST
[ Parent ]
Settlers defy peace talks with new construction across West Bank - Haaretz Daily Newspaper | Israel News

Hours before peace talks were set to begin in Washington, Jewish settlers defiantly announced plans on Thursday to launch new construction in their West Bank enclaves in a test of strength with Palestinian Islamists.

Naftali Bennett, director of the settlers' Yesha council, said settlers would begin building homes and public structures in at least 80 settlements, breaking a partial government freeze on building that ends on September 26.



never let desperation get in the way of judgement.
by ceebs (ceebs (at) eurotrib (dot) com) on Thu Sep 2nd, 2010 at 04:27:49 PM EST
[ Parent ]
MIDEAST: Pessimistic About Peace, Yet... - IPS ipsnews.net
JERUSALEM, Sep 2, 2010 (IPS) - As President Obama on Wednesday initiates the ninth U.S. attempt in the last 30 years to bring about a final Palestinian-Israeli peace agreement, expectations are low and pessimism is high.

It's precisely why the talks may just succeed. That, however, may be over- optimistic.

Even if Israeli Prime Minister Benjamin Netanyahu is genuine in his declaration that "Israel comes to the negotiating table out of a desire to proceed with the Palestinians to an agreement that would end the conflict and ensure peace, security and good neighbourly relations," he has a mountain to climb to convince Israelis that the talks are worthwhile.

On the eve of his departure for Washington Netanyahu had to neutralise a virulent anti-Palestinian tirade by the spiritual head of one of his main coalition partners.

Rabbi Ovadia Yosef, effectively the leader of the Orthodox party Shas, declared in his weekly sermon on Saturday evening that Palestinian President Mahmoud Abbas should be "smitten by a plague".
by afew (afew(a in a circle)eurotrib_dot_com) on Thu Sep 2nd, 2010 at 04:35:12 PM EST
[ Parent ]
Hurricane Earl path stretches from North Carolina to Boston Harbor - CSMonitor.com

Hurricane Earl, some 300 miles south of North Carolina's Cape Hatteras, has now prompted tropical-storm or hurricane warnings from the Tar Heel State's coast to the Massachusetts-New Hampshire border.

Coastal New England from Westport, Mass., to Hull, a town at the end of a peninsula forming part of Boston Harbor, is the latest swath of coastline to come under a hurricane warning.

From the North Carolina-Virgina border up to Westport, the entire coastline is under a tropical storm warning. The Delmarva Peninsula is under a hurricane watch as well.

"We've talked about people needing to be prepared and getting their plans ready. We're past that," says Craig Fugate, director of the Federal Emergency Management Agency (FEMA). "This is a day of action." People need "to be ready to heed any additional evacuation orders as this storm continues to track to the north," he says.



Jesus died for somebody's sins but not mine - Patti Smith
by dvx (dvx.clt ät gmail dotcom) on Thu Sep 2nd, 2010 at 04:15:46 PM EST
[ Parent ]
U.S. government sues Ariz. sheriff in civil rights probe - USATODAY.com
PHOENIX -- An Arizona sheriff has been sued by the U.S. Justice Department for refusing to cooperate with a civil-rights probe into police practices and jail operations.

Maricopa County Sheriff Joe Arpaio said the lawsuit, filed in U.S. District Court in Phoenix, is disappointing given that he and his office were cooperating on the federal probe. "I thought we were really close to getting this resolved," the sheriff said.

Arpaio restated his confidence that Maricopa County Sheriff's deputies do not target Hispanic citizens because of their race, and said if the Justice Department had any evidence of racial profiling, they wouldn't be suing him to get records to prove that deputies profile.



Jesus died for somebody's sins but not mine - Patti Smith
by dvx (dvx.clt ät gmail dotcom) on Thu Sep 2nd, 2010 at 04:17:12 PM EST
[ Parent ]
BBC News - Afghan election campaign workers 'killed in air strike'

Ten election campaign workers have been killed in an air strike by Nato-led forces in Afghanistan, officials say.

The governor of the northern province of Takhar, Abduljabar Taqwa, told the BBC that two people were also wounded in the attack in the Rostaq district.

President Hamid Karzai condemned the incident, saying that "pro-democracy people should be distinguished from those who fight against democracy".



never let desperation get in the way of judgement.
by ceebs (ceebs (at) eurotrib (dot) com) on Thu Sep 2nd, 2010 at 04:20:19 PM EST
[ Parent ]
Mozambique price riots continue - Africa - Al Jazeera English

Violent protests over high food prices are continuing in Mozambique, with at least seven people killed since demonstrations began on Wednesday.

Shops were looted, cars set on fire and roads barricaded on Thursday, while troops attempted to clean up streets and restore order in Maputo, the impoverished nation's capital.

Witnesses said police opened fire on protesters in a poor suburb of the city, but there were no immediate reports of deaths or injuries.

According to local television, one person drowned on Thursday after falling in a pond while escaping police.



Jesus died for somebody's sins but not mine - Patti Smith
by dvx (dvx.clt ät gmail dotcom) on Thu Sep 2nd, 2010 at 04:26:24 PM EST
[ Parent ]
FT.com / Global Economy - Fears grow over food supply

Russia announced a 12-month extension of its grain export ban on Thursday, raising fears about a return to the food shortages and riots of 2007-08 which spread through developing countries dependent on imports.

The announcement by Vladimir Putin came as the UN's Food and Agriculture Organisation called an emergency meeting to discuss the wheat shortage, and riots in Mozambique left seven dead.

The unrest in Maputo, in which 280 people were also injured, followed the government's decision to raise bread prices by 30 per cent. Police opened fire on demonstrators after thousands turned out to protest against the price hikes, burning tyres and looting food warehouses.

Although agricultural officials and traders insist that wheat and other crop supplies are more abundant than in 2007-08, officials fear the deadly Mozambique riots could be replicated.



Jesus died for somebody's sins but not mine - Patti Smith
by dvx (dvx.clt ät gmail dotcom) on Thu Sep 2nd, 2010 at 04:38:33 PM EST
[ Parent ]
Jan Brewer's (current unelected Republican Arizona Governer) opening statement for the gubernatorial debate

Democratic campaign ad against Vitter (R-LA), including reenactment of his crime

by gk (g k quattro due due sette "at" gmail.com) on Thu Sep 2nd, 2010 at 05:19:22 PM EST
[ Parent ]
G20 lawsuit seeks $115-million in damages | Posted Toronto | National Post

A class-action lawsuit filed in Superior Court accuses Toronto and Peel police of a litany of wrongdoings related to their conduct during the June G20 summit.

The statement of claim names the Toronto Police Services Board, the Attorney-General of Canada and the Regional Municipality of Peel Police Services Board as co-defendants.

Plaintiffs Miranda McQuade and Mike Barber are acting as the public face for hundreds of citizens arrested or detained by authorities during summit protests.

"The conduct of the defendants... fell fall short of both common law and constitutional norms and effectively eroded the fundamental freedoms and civil liberties enshrined in the Canadian Charter of Rights and Freedoms," the 41-page claim alleges.



never let desperation get in the way of judgement.
by ceebs (ceebs (at) eurotrib (dot) com) on Thu Sep 2nd, 2010 at 08:05:08 PM EST
[ Parent ]
Colombia Reports: Authorities on Thursday raised the number of police killed in an alleged FARC attack in the southern Caqueta department to fourteen. Initially, departmental authorities had said five policemen were killed on a Wednesday evening patrol when a roadside bomb exploded.

Colombia Reports: More than 10% of Colombia's population is displaced, Constitutional Court magistrate Luis Ernesto Vargas said Thursday. The court official blames the massive displacement on the country's armed conflict, but also on mega projects that are executed without consulting the local population, leaving them without access to their land. The displacement hits the indigenous and afrocolombian peoples hardest, said Vargas. 16.6% of Colombia's displaced is afrocolombian and 6.5% is indigenous.

RIO DE JANEIRO - The government of the western Brazilian state of Mato Grosso has announced the discovery of a huge deposit with as much as 11 billion tons of iron ore with an Fe grade of 41 percent, as well as an estimated 428 million tons of phosphate rock. The deposit holds three times the volume of the Carajas iron ore mine, also located in Brazil and one of the largest in the world, although the ore grade of the latter is higher, Gov. Silval Barbosa told a press conference.

MANAGUA - Six people have died since the start of the week in the heavy rains in Nicaragua, raising the death toll from the torrential rains this year to 40, emergency management officials said. "The rains have mainly affected rural areas in the northern and central parts of the country, where there are streams and rivers that have been crossed without caution by adults," emergency management chief Gen. Mario Perezcassar told Efe.

IKN News Round-up

"Beware of the man who does not talk, and the dog that does not bark." Cheyenne

by maracatu on Fri Sep 3rd, 2010 at 07:23:27 AM EST
[ Parent ]
The consequences of Sheriff Joe Arpaio's focus on illegal immigration:

(h/t crooksandliars.com)

by gk (g k quattro due due sette "at" gmail.com) on Fri Sep 3rd, 2010 at 05:09:37 PM EST
[ Parent ]
Correlation vs. Causation?

I love the smell of roast chicken in the morning!
by THE Twank (yatta blah blah @ blah.com) on Fri Sep 3rd, 2010 at 05:17:29 PM EST
[ Parent ]
The link I gave says
Response times, arrest rates, investigations and other routine police work throughout Maricopa County have suffered over the past two years as Sheriff Joe Arpaio turned his already short-handed and cash-strapped department into an immigration enforcement agency.
which suggests causation.
by gk (g k quattro due due sette "at" gmail.com) on Sat Sep 4th, 2010 at 10:13:39 AM EST
[ Parent ]
Not to me it doesn't. (Oh really, how so?)

Joe is spending all his time/resources tracking down Mexicans. He ignores everything else. Violent crime rate is up. All given. So the logical causation, If A, then B is ... people know that Joe isn't paying attention so this is a good time to start a bar fight? Wack granny for her estate? Still don't see the causation trail even if I except the validity of the data.

I love the smell of roast chicken in the morning!

by THE Twank (yatta blah blah @ blah.com) on Sat Sep 4th, 2010 at 11:12:36 AM EST
[ Parent ]
If your argument is right, we could save a lot of money by cutting spending on pretty much all police work except immigration enforcement. Not saying you're wrong, but I doubt you'll find many people that agree with you...
by gk (g k quattro due due sette "at" gmail.com) on Sat Sep 4th, 2010 at 05:57:13 PM EST
[ Parent ]
I'm neither right nor wrong because I'm not putting forward any arguement which can BE right or wrong. I'm simply saying I don't see the causation proven.  If Joe had said, "Let me chase down Mexicans full time and I guarantee you, violent crime rate will go down.", then you would have something.

I love the smell of roast chicken in the morning!
by THE Twank (yatta blah blah @ blah.com) on Sat Sep 4th, 2010 at 07:41:42 PM EST
[ Parent ]
by In Wales (inwales aaat eurotrib.com) on Thu Sep 2nd, 2010 at 12:32:05 PM EST
Tibetan nomads struggle as grasslands disappear from the roof of the world | Environment | The Guardian

Like generations of Tibetan nomads before him, Phuntsok Dorje makes a living raising yaks and other livestock on the vast alpine grasslands that provide a thatch on the roof of the world.

But in recent years the vegetation around his home, the Tibetan plateau, has been destroyed by rising temperatures, excess livestock and plagues of insects and rodents.

The high-altitude meadows are rarely mentioned in discussions of global warming, but the changes to this ground have a profound impact on Tibetan politics and the world's ecological security.

[...]

"The grass used to be up to here," Phuntsok says, indicating a point on his leg a little below the knee. "Twenty years ago, we had to scythe it down. But now, well, you can see for yourself. It's so short it looks like moss."



Jesus died for somebody's sins but not mine - Patti Smith
by dvx (dvx.clt ät gmail dotcom) on Thu Sep 2nd, 2010 at 03:59:48 PM EST
[ Parent ]
Oil rig explodes in Gulf of Mexico | World news | The Guardian

Fresh fears about drilling in the Gulf of Mexico were raised today when fire forced workers to abandon an oil and gas platform, just six months after the BP explosion that created an environmental disaster in the region.

The coastguard reported an oil slick a mile long and 30 metres wide near the site of the fire, undercutting a claim by the oil company that there was no pollution.

It is not known yet whether the oil might have come from the platform or, more worryingly, from a well below the surface. The prospect alarmed the White House, environmentalists, fishermen and others on the Gulf Coast, still coping with the pollution from the BP oil spill.



Jesus died for somebody's sins but not mine - Patti Smith
by dvx (dvx.clt ät gmail dotcom) on Thu Sep 2nd, 2010 at 04:00:44 PM EST
[ Parent ]
They make great targets for terrorists. Surprised there isn't one going off every week.

I love the smell of roast chicken in the morning!
by THE Twank (yatta blah blah @ blah.com) on Thu Sep 2nd, 2010 at 06:27:50 PM EST
[ Parent ]
Actually oil/gas platforms are a lousy target for terrorists for so many reasons. And there are so many better easier targets.

I will not give details for obvious reaons

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Fri Sep 3rd, 2010 at 08:54:45 AM EST
[ Parent ]
Mississippi Pledges Financial Support For Five KiOR Biofuel Facilities
Pasadena TX (SPX) Sep 02, 2010
KiOR has reached an agreement last Friday with the State of Mississippi to build five commercial-scale renewable crude oil production facilities in return for a State assistance package that includes a $75 million loan. According to the agreement, KiOR will build three of the five facilities over the next five years.

By 2015, the project will deliver more than 1,000 direct and indirect jobs and an estimated $500 million worth of investment. In addition to the loan, the State's package includes assistance with infrastructure needs and workforce training.

The company plans to utilize Mississippi's abundant supply of woody biomass to produce commercial volumes of Re-Crude, a high-quality crude oil that can be refined into conventional fuel products, including gasoline and diesel, and deployed in the country's existing transportation fuels infrastructure.

by afew (afew(a in a circle)eurotrib_dot_com) on Thu Sep 2nd, 2010 at 04:30:48 PM EST
[ Parent ]
Forget Mice, Elephants Really Hate Ants - ScienceNOW

A nose full of biting ants can really spoil your appetite. Especially if your nose is 3 meters long. African bush elephants (Loxodonta africana) avoid this discomfort by refusing to munch on acacia trees that house swarming ant colonies. Their aversion, a new study suggests, helps maintain the savanna's delicate balance between forest and prairie.

Trees and grasses constantly vie for control of the savanna, but wildfires, drought, variable soil chemistry, and giant herbivores prevent either plant from taking over. Not enough fire to keep the trees in check, and the canopy will close in; too many elephants eating the trees, and the savanna would become grassland. Or so scientists thought. They seem to have underestimated the acacia's ability to defend itself.

Unlike many acacia trees that are stripped bare by elephants, whistling thorn trees (Acacia drepanolobium) seemed immune. The trees bristle with the 5-centimeter-long thorns typical of many acacias, but some of the spikes also swell into hollow bulbs the size of ping pong balls. Crematogaster ants colonize the empty thorns and feed on nectar secreted from the plant's leaves. That makes a whistling thorn tree the ants' territory--which they defend against intruders. Todd Palmer, an ecologist at the University of Florida in Gainesville, wondered whether the tiny bodyguards could really protect trees from the world's largest land animal.



Jesus died for somebody's sins but not mine - Patti Smith
by dvx (dvx.clt ät gmail dotcom) on Thu Sep 2nd, 2010 at 04:30:58 PM EST
[ Parent ]
Stop The Spirit of Zossen

. RWR: `America will always be that shining city on the hill, a beacon for the world.'

BHO: `We must create new green jobs. America will lead the way becoming a 13 watt CFL Mini Spiral Energy Star Twist Compact Fluorescent visible in Trenton.'



Hopeful pessimist, hopeless optimist, it's a fine line
by melo (melometa4(at)gmail.com) on Fri Sep 3rd, 2010 at 04:41:49 AM EST
[ Parent ]
From Canada To Mexico On One Tank of Diesel
Craig Henderson drove from Blaine, Washington to the Mexican border -- a distance of 1,478 miles -- without stopping to refuel. He burned 12.4 gallons for a record-breaking 119.1 mpg in a car he originally designed in 1984.


never let desperation get in the way of judgement.
by ceebs (ceebs (at) eurotrib (dot) com) on Fri Sep 3rd, 2010 at 05:26:10 AM EST
[ Parent ]
Obama could kill fossil fuels overnight with a nuclear dash for thorium - Telegraph
There is no certain bet in nuclear physics but work by Nobel laureate Carlo Rubbia at CERN (European Organization for Nuclear Research) on the use of thorium as a cheap, clean and safe alternative to uranium in reactors may be the magic bullet we have all been hoping for, though we have barely begun to crack the potential of solar power.


"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Fri Sep 3rd, 2010 at 07:41:34 AM EST
[ Parent ]
thorium powered cars ??

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Fri Sep 3rd, 2010 at 08:57:07 AM EST
[ Parent ]
by In Wales (inwales aaat eurotrib.com) on Thu Sep 2nd, 2010 at 12:32:20 PM EST
Nazi Hunter Worked for Mossad, Book Says - NYTimes.com

JERUSALEM -- Simon Wiesenthal, a Holocaust survivor who gained worldwide fame for decades as a one-man Nazi-hunting operation, was in fact frequently on the payroll of the Mossad, Israel's spy agency, a new biography asserts.

The assertion, based on numerous documents and interviews with three people said to be Mr. Wiesenthal's Mossad handlers, punctures not only a widely held belief about how he operated; it also suggests a need to re-evaluate the standard view that the Israeli government took no interest in tracking down Nazis until the 1960 capture in Argentina of Adolf Eichmann, and little thereafter.

Mr. Wiesenthal died in 2005 at the age of 96 in his Vienna home.



Jesus died for somebody's sins but not mine - Patti Smith
by dvx (dvx.clt ät gmail dotcom) on Thu Sep 2nd, 2010 at 04:11:47 PM EST
[ Parent ]
I would have been amazed if they hadn't at least liaised regularly.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Fri Sep 3rd, 2010 at 08:57:48 AM EST
[ Parent ]
Peruvian TV Station Refuses to Take Racist Caricatures Off the Air

Earlier this summer, we blogged about our Peruvian partner LUNDÚ, who have been working on a campaign to protest racist portrayals on a Peruvian television network. Their activism has included a public demonstration and a petition with over 5000 signatures, demanding that the characters "Negro Mama" and "Paisana Jacinta" be removed and the network publicly apologize for the racist, sexist, and discriminatory stereotypes they portray. Last we reported in June, LUNDÚ and other advocates were awaiting a response from the National Society of Radio and TV (SNRTV).

This week, we learned that the request was dismissed, and the characters will stay on television.



never let desperation get in the way of judgement.
by ceebs (ceebs (at) eurotrib (dot) com) on Thu Sep 2nd, 2010 at 04:21:35 PM EST
[ Parent ]
First Clear Evidence Of Feasting In Early Humans
Storrs CT (SPX) Sep 02, 2010
Community feasting is one of the most universal and important social behaviors found among humans. Now, scientists have found the earliest clear evidence of organized feasting, from a burial site dated about 12,000 years ago. These remains represent the first archaeological verification that human feasting began before the advent of agriculture.

"Scientists have speculated that feasting began before the Neolithic period, which starts about 11.5 thousand years ago," says Natalie Munro of the University of Connecticut, and author of a research article released yesterday in the Proceedings of the National Academy of Sciences.

"This is the first solid evidence that supports the idea that communal feasts were already occurring - perhaps with some frequency - at the beginnings of the transition to agriculture."

by afew (afew(a in a circle)eurotrib_dot_com) on Thu Sep 2nd, 2010 at 04:25:42 PM EST
[ Parent ]
Living with Sin: Germany Comes to Terms with its Ugliest Buildings - SPIEGEL ONLINE - News - International

In the hurry to rebuild after World War II, Germany made a significant number of architectural missteps. But while many would like to see the ugliest edifices torn down, some architects say we are stuck with the buildings and that we should learn to embrace these eyesores to find hidden charms in the otherwise charmless.

It isn't difficult to describe the plenary hall of the state parliament building in Lower Saxony. It is hideous. Heinous. Revolting. A boxy concrete abomination whose ugliness stands out even amid the abundant architectural putrescence that Hanover has to offer. And soon, if state representatives have their way, the not-quite-50-year-old-building is to be demolished.

Good news, right?

Not necessarily, say a growing number of architects. Germany, after all, is full of cringe-inducing concrete monoliths, monuments to the orgy of construction that swept the country in the hurry to rebuild after the destruction of World War II. Getting rid of them all would amount to a vast, and expensive, re-reconstruction project. Instead, even as many city renewal projects are marked by a nostalgia for the homey, constricted city centers of old, many architects are saying that ugliness has its virtues -- and it is time to begin recognizing that fact.



Jesus died for somebody's sins but not mine - Patti Smith
by dvx (dvx.clt ät gmail dotcom) on Thu Sep 2nd, 2010 at 04:34:03 PM EST
[ Parent ]
dvx:
many architects are saying that ugliness has its virtues

er, would that be german architects?

here in italy there is an inversely proportionsl relationship between how ugly a building is and how many geraniums it has sprouting from its balconies.

seriously, they should just plant ivy all over those loveboxes, that'll take the square-everything edges off pronto, as well as clean the air and provide wildlife habitat... roof gardens too!

Hopeful pessimist, hopeless optimist, it's a fine line

by melo (melometa4(at)gmail.com) on Fri Sep 3rd, 2010 at 04:46:07 AM EST
[ Parent ]
Unfortunately, I didn't have my camera with me, but I once saw a billboard in Germany showing pictures of the Pisa tower and some ugly modern German building side by side, and asking who you would prefer to design your buildings. This was meant to be an advertisement for the German architect, but even ignoring aesthetics the Italian tower lasted much longer without any maintenance than the German building is likely to...
by gk (g k quattro due due sette "at" gmail.com) on Fri Sep 3rd, 2010 at 04:50:46 AM EST
[ Parent ]
Symantec and Snoop Dogg launch cybercrime rap contest * The Register

Symantec has teamed up with rapper Snoop Dogg to launch a cybercrime rap contest.

Participants are invited to bust some rhymes on the subject of malware, hacking and botnets for the chance to win an all expenses paid trip to LA to attend a Snoop gig and meet his people, if not the rapper himself. Winners get a Toshiba laptop outfitted (inevitably) with Norton Internet Security 2011. Entry is only open to US residents.



never let desperation get in the way of judgement.
by ceebs (ceebs (at) eurotrib (dot) com) on Thu Sep 2nd, 2010 at 04:38:03 PM EST
[ Parent ]
PHILIPPINES: Criminal Ban, Stigma Drive Unsafe Abortions - IPS ipsnews.net
According to the 126-page report that was the result of two years' research, Lisa experienced a range of abuses when she sought medical care, including being physically bound, having her privacy violated, and verbally abused by doctors and nurses who threatened to report her to the police because she had aborted her baby.

Every year, the report added, 560,000 Filipino women turn to abortion. It said 90,000 of them suffer from complications, and 1,000 die from crude and extremely painful methods such as intense abdominal massages by traditional midwives, the insertion of catheters into the uterus and the medically unsupervised consumption of Cytotec, the local brand name of a drug containing misoprostol to induce uterine contractions, and the ingestion of herbs and other concoctions sold by street vendors.

These situations happen because women with unwanted pregnancies are driven to go underground to seek abortions, which are illegal under Philippine law.
by afew (afew(a in a circle)eurotrib_dot_com) on Thu Sep 2nd, 2010 at 04:39:09 PM EST
[ Parent ]
Egypt's Got Facebook Cops: This Week in Online Tyranny

Egypt has created a special security department to monitor Facebook. Allegedly, the "main task of this group is to monitor Facebook content like groups, pages and chat and to publish reports countering online criticism of current Egyptian president Hosni Mubarak or his son Gamal." But it's extremely unlikely that the secret police powering it will not collect user information, as well as seek out and punish those who use the social network for free speech and political reasons.

Egypt's relationship to Facebook is extensive. Very popular for several years prior, on April 6, 2008, students and others used it to stage a protest against the Egyptian government's precipitous raising of bread prices. This protest gave birth to the the April 6 Movement. But the protest was brutally put down and the leadership of April 6, whose goal is an open discussion of issues of importance to their country, have been harassed ever since.



never let desperation get in the way of judgement.
by ceebs (ceebs (at) eurotrib (dot) com) on Thu Sep 2nd, 2010 at 04:52:10 PM EST
[ Parent ]
'Charitable' behavior found in bacteria
Researchers at Boston University and the Wyss Institute for Biologically Inspired Engineering at Harvard have discovered that charitable behavior exists in one of the most microscopic forms of life -- bacteria. Their findings appear in the Sept. 2 issue of Nature.

In studying the development of antibiotic-resistant strains of bacteria, the researchers found that the populations most adept at withstanding doses of antibiotics are those in which a few highly resistant isolates sacrifice their own well being to improve the group's overall chance of survival.

This bacterial altruism results when the most resistant isolates produce a small molecule called indole.

Indole acts as something of a steroid, helping the strain's more vulnerable members bulk up enough to fight off the antibiotic onslaught. But while indole may save the group, its production takes a toll on the fitness level of the individual isolates that produce it.


Hat tip naked capitalism

"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Thu Sep 2nd, 2010 at 05:17:09 PM EST
[ Parent ]
 PEOPLE AND KLATSCH 


Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Sep 2nd, 2010 at 12:34:52 PM EST
From bully Brown to St Gordon: former PM sets out his plans for the future | Politics | The Guardian

He has been accused of blackmail, and described as "cursed" and having "zero" emotional intelligence in print by Tony Blair in a week in which his personality has been put under the microscope. But Gordon Brown's policy of dignified silence over the publication of his predecessor's memoirs did not last long.

In a statement tonight Brown broke his self-imposed embargo to set out his plans for the future. He chose not to claim back credit for the plans to make the Bank of England independent, nor did he attempt to stick the knife into Blair or defend those friends who took a drubbing in the book. Instead, he attempted to rebrand himself from bully Brown to Saint Gordon, by setting out how he and his wife Sarah intend to contribute to public life.



never let desperation get in the way of judgement.
by ceebs (ceebs (at) eurotrib (dot) com) on Thu Sep 2nd, 2010 at 04:18:20 PM EST
[ Parent ]
Dr. Jacquelyn Kotarac Dies In Chimney Trying To Break Into Boyfriend's Home (VIDEO)

BAKERSFIELD, Calif. -- A doctor involved in an "on-again, off-again" relationship apparently tried to force her way into her boyfriend's home by sliding down the chimney, police said Tuesday. Her decomposing body was found there three days later.

Dr. Jacquelyn Kotarac, 49, first tried to get into the house with a shovel, then climbed a ladder to the roof last Wednesday night, removed the chimney cap and slid feet first down the flue, Bakersfield police Sgt. Mary DeGeare said.

While she was trying to break in, the man she was pursuing escaped unnoticed from another exit "to avoid a confrontation," authorities said.

DeGeare said the two were in an "on-again, off-again" relationship.



Jesus died for somebody's sins but not mine - Patti Smith
by dvx (dvx.clt ät gmail dotcom) on Thu Sep 2nd, 2010 at 04:43:24 PM EST
[ Parent ]
Looks like it's off again.
by afew (afew(a in a circle)eurotrib_dot_com) on Thu Sep 2nd, 2010 at 04:51:46 PM EST
[ Parent ]
Deep-fried beer invented in Texas - Telegraph
A chef in Texas has created what he claims is the world's first recipe for deep-fried beer.

The beer is placed inside a pocket of salty, pretzel-like dough and then dunked in oil at 375 degrees for about 20 seconds, a short enough time for the confection to remain alcoholic.

When diners take a bite the hot beer mixes with the dough in what is claimed to be a delicious taste sensation.

Inventor Mark Zable said it had taken him three years to come up with the cooking method and a patent for the process is pending. He declined to say whether any special ingredients were involved.



"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Thu Sep 2nd, 2010 at 05:10:37 PM EST
[ Parent ]
OK Helen, where are you? Chime in.

I love the smell of roast chicken in the morning!
by THE Twank (yatta blah blah @ blah.com) on Thu Sep 2nd, 2010 at 06:30:02 PM EST
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Inspector Helen here, I believe there has been a crime against humanity occuring and I will be forced to smash all the equipment in these 'ere establishments.

Sergeant, pass me the hammer of righteousness....

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Fri Sep 3rd, 2010 at 09:03:59 AM EST
[ Parent ]
Man Lost $1.4 Million Corot Painting After Boozing, Suit Says - Bloomberg
A guy walks into a bar with a $1.4 million Corot. Stop us if you've heard this one.

Jean-Baptiste-Camille Corot's 1857-58 "Portrait of a Girl" is missing, according to a lawsuit filed in New York State Supreme Court. And the last man with possession can't recall where it is after a night of heavy drinking, the suit says.



"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Thu Sep 2nd, 2010 at 05:14:11 PM EST
[ Parent ]
Ryanair's O'Leary Mulls One-Euro Toilets, Standing Passengers - Bloomberg
"Really, you only need one pilot," he tells Bloomberg Businessweek in the Sept. 6 edition. "Let's take out the second pilot. Let the bloody computer fly it." What happens if the pilot has a heart attack? One member of the cabin crew on all Ryanair flights would be trained to land a plane. "If the pilot has an emergency, he rings the bell, he calls her in," O'Leary says. "She could take over."
...
Earlier this summer, he announced that he was planning to replace the last 10 rows of seats on his aircraft with 15 rows of upright "standing seats" -- vertical benches with shoulder harnesses and arm rests -- which would allow him to pack 30 more passengers onto each plane.
...
O'Leary now says that after taking a look at the drawings, he has decided vertical seats won't save enough room. Instead, he has a better idea -- replace the last 10 rows with a standing cabin, outfitted with various handrails, much like a New York City subway car, only without the benches and the panhandlers. The increased capacity, he says, would lower fares by 20 percent to 25 percent.
...
O'Leary downplays the threat that turbulence would presumably pose for standing passengers. "Yes, somebody could get injured," he says. "I don't say that lightly. But we'd do exactly what we do in every other case: `Ladies and gentlemen' -- BING, BONG -- `we're going to have some slight turbulence. Hold on to the rail tightly.'"


"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Fri Sep 3rd, 2010 at 08:59:56 AM EST
[ Parent ]
It's very easy to say "I'm never flying RyanAir again", but they go places where EasyJet don't.

Let's just say, I'm not flying ryanair unless I really really have to.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Fri Sep 3rd, 2010 at 09:05:49 AM EST
[ Parent ]
He's just trolling for news space - and he knows it.

There's no way the FAA would ever agree to these 'suggestions.'

by ThatBritGuy (thatbritguy (at) googlemail.com) on Fri Sep 3rd, 2010 at 10:04:52 AM EST
[ Parent ]


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