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European Salon de News, Discussion et Klatsch - 29 October

by afew Sun Oct 28th, 2012 at 04:58:17 PM EST

 A Daily Review Of International Online Media 


Europeans on this date in history:

1618 - English adventurer, writer, and courtier Sir Walter Raleigh is beheaded for allegedly conspiring against James I of England.

Tell men of high condition,
That manage the estate,
Their purpose is ambition,
Their practice only hate:
And if they once reply,
Then give them all the lie.

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!


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by afew (afew(a in a circle)eurotrib_dot_com) on Sun Oct 28th, 2012 at 09:48:41 AM EST
Ukraine votes, Yanukovich's party expected to keep majority | Reuters

(Reuters) - Ukrainians voted on Sunday in an election that President Viktor Yanukovich's pro-business ruling party seemed likely to win, but it may now face a re-energised opposition which has promised to fight growing authoritarianism and corruption.

With Yanukovich's main rival, Yulia Tymoshenko, in jail and with the West seeing the poll as a test of Ukraine's commitment to democracy, interest will focus on the judgment that international monitors will hand down on Monday.

The former Soviet republic of 46 million is more isolated internationally than it has been for years. Tymoshenko's continued imprisonment has put it at odds with the United States and the European Union, while Russia turns a deaf ear to Kiev's calls for cheaper gas.

At home, the government's popularity has been hit by tax and pensions policies and a failure to stamp out corruption, prompting it to shy away from painful reforms that could secure much-needed IMF lending to shore up its export-driven economy.

by afew (afew(a in a circle)eurotrib_dot_com) on Sun Oct 28th, 2012 at 01:07:48 PM EST
[ Parent ]
Germany rounds on 'negative' Britain - Europe - World - The Independent

Tensions between David Cameron and Angela Merkel over the future of the European Union have spilled into the open with a German diplomat claiming Britain lacks "vision" and faces being left behind by other countries because all it can say is, "No, no, no".

Dr Rudolf Adam, deputy head of mission at the German embassy in London, told one of William Hague's ministerial aides that the Prime Minister's refusal to take a lead in Europe meant Britain would "just see the red lights of the train that has already left the station".



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Sun Oct 28th, 2012 at 02:23:58 PM EST
[ Parent ]
Because the leadership of Merkel has been such an inspiration to us all

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Mon Oct 29th, 2012 at 04:18:14 AM EST
[ Parent ]
'Embarrassed? Nothing about Hillsborough embarrasses me': What controversial police chief told Merseyside councillors - Crime - UK - The Independent

Disgraced police chief Sir Norman Bettison infuriated Merseyside councillors, it emerged this weekend, when he told them the episode in his career he would most like to forget was not the Hillsborough disaster, but falling over on his first day as a constable.

Sir Norman, who resigned last week as chief constable of West Yorkshire, told an interview panel in October 1998, when he was applying for the top post at Merseyside Police, that the incident he would most like to forget was "that fall on my first day in uniform".

The following month, during an "informal meeting" with all members of the police authority, he was challenged over why he had not used the opportunity to express regret for the Hillsborough disaster. He insisted instead: "Nothing about Hillsborough embarrasses me."



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Sun Oct 28th, 2012 at 02:24:59 PM EST
[ Parent ]
Of course, he's not paid to give a shit about the 99%, who can be killed with impunity. That's the real point about hillsborough

His only problem would come if he failed to achieve the demands of his 1% paymasters

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Mon Oct 29th, 2012 at 04:20:03 AM EST
[ Parent ]
BBC News - Greece arrests journalist over 'Lagarde List' banks leak

A Greek journalist has been arrested after publishing a list of about 2,000 Greeks who hold accounts with the HSBC bank in Switzerland.

Kostas Vaxevanis has been charged with breach of privacy.

Mr Vaxevanis says the list he published is the same one that was given by the then French finance minister Christine Lagarde to her Greek counterpart.

Some of those named, said to include many prominent Greeks, are suspected of using the accounts for tax evasion.

The list was originally leaked by an HSBC employee and then handed over by Ms Lagarde to Greek authorities two years ago, according the the AFP news agency.

Since then, successive Greek governments have been accused of trying to cover it up.

"Instead of arresting the tax evaders and the ministers who had the list in their hands, they're trying to arrest the truth and freedom of the press," Mr Vaxevanis said.

by afew (afew(a in a circle)eurotrib_dot_com) on Sun Oct 28th, 2012 at 02:54:55 PM EST
[ Parent ]
This privacy hokum is usually asymmetrical. The elite get it, while the rest of us simply don't need it save to protect us from the daily harassment by commercial enterprises.
by de Gondi (publiobestia aaaatttthotmaildaughtusual) on Mon Oct 29th, 2012 at 02:07:21 AM EST
[ Parent ]
As Yes Minister had it;

Bernard Woolley: That's one of those irregular verbs, isn't it? I give confidential security briefings. You leak. He has been charged under section 2a of the Official Secrets Act breach of privacy.


keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Mon Oct 29th, 2012 at 04:24:08 AM EST
[ Parent ]
Yes. This from the same people that published names and photos of HIV positive hookers, in a bid to prop up their "law and order image". And from a government that published photos and names of anti-austerity protesters (they did the same thing with those arrested in the demos that accompanied Merkel's visit).
But privacy must be preserved...

The road of excess leads to the palace of wisdom - William Blake
by talos (mihalis at gmail dot com) on Mon Oct 29th, 2012 at 06:24:36 AM EST
[ Parent ]
BBC News - 'Eta military leader' Izaskun Lesaka arrested in France

A woman suspected of being a military leader in the armed Basque separatist group Eta has been arrested in France, the Spanish interior ministry says.

Izaskun Lesaka and another Eta suspect were arrested by French police in the town of Macon, a statement said.

It described Ms Lesaka as one of the "three most important figures" in Eta, and said both suspects had been armed.

Eta announced a "definitive end" to its armed campaign in October 2011, but Spain has demanded that it disband.

In May the Spanish government rejected a request for talks from Eta, whose 45-year campaign for independence has claimed over 800 lives.

The group is considered a terrorist organisation by Spain, the EU and the US.

by afew (afew(a in a circle)eurotrib_dot_com) on Sun Oct 28th, 2012 at 02:55:37 PM EST
[ Parent ]
Yeah...KLA (Kosovo Liberation Army) was on the list of terrorist organizations too. It was removed from the list in USA in 1998 ( when I suppose they strike a deal).
http://www.historycommons.org/context.jsp?item=western_support_for_islamic_militancy_2124

Having already entered into its controversial relationship with the Kosovo Liberation Army (KLA), the US gives in to the organization's demands that it be removed from the State Department's list of foreign terrorist organizations. [Wall Street Journal (Europe), 11/1/2001] Near the end of that same month, Robert Gelbard, America's special envoy to Bosnia, says the Kosovo Liberation Army (KLA) is an Islamic terrorist organization. [BBC, 6/28/1998] "We condemn very strongly terrorist actions in Kosovo. The UCK [KLA] is, without any question, a terrorist group." [Agence France-Presse, 4/1999] "I know a terrorist when I see one and these men are terrorists," he says. [BBC, 6/28/1998]

So you never know...

by vbo on Sun Oct 28th, 2012 at 06:37:57 PM EST
[ Parent ]
Draghi Backs Schaeuble Plan for Euro-Region Budget Chief - Bloomberg

European Central Bank President Mario Draghi endorsed a proposal by German Finance Minister Wolfgang Schaeuble for a commissioner who has power over the budgets of nations in the euro region.

"I am fully in favor of it," Draghi said in an interview with Germany's Der Spiegel, according to a transcript published today by the Frankfurt based-ECB. "Governments would be wise to seriously consider it" as "in order to restore confidence in the euro area, countries need to transfer part of their sovereignty to the European level."

by afew (afew(a in a circle)eurotrib_dot_com) on Sun Oct 28th, 2012 at 03:05:26 PM EST
[ Parent ]
Police move on campaigners for "criminal acts against DWP" « Vox Political

Some of you may be aware that police invaded the home of a campaigner for Disabled People Against Cuts, living in Cardiff, just before midnight yesterday (October 26).

Apparently she had been accused of "Criminal acts against the Department for Work and Pensions" - being that she has been highlighting the deaths of sick and disabled people following reassessment by Atos and the DWP for Employment and Support Allowance.

No charges were brought against the lady concerned and it is generally considered that this was an act of intimidation.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Sun Oct 28th, 2012 at 03:11:43 PM EST
[ Parent ]
No longer funny; just plain sick.

http://www.youtube.com/watch?v=_wp4O7v5320
by THE Twank (yatta blah blah @ blah.com) on Sun Oct 28th, 2012 at 06:16:12 PM EST
[ Parent ]
I'm amazed she hasn't had an "accident", being in a wheelchair and all. So unfortunate, so convenient for everybody

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Mon Oct 29th, 2012 at 04:26:48 AM EST
[ Parent ]
A Typo in the Constitution - Jill Dando, John Yates & Operation Oxborough
Jill Dando was murdered at her own doorstep on 26 April 1999, aged 37. Her murder is, at present time, unsolved. Operation Oxborough, the Met's investigation into her death, discovered significant evidence that her privacy had been invaded in the 5 months prior to her death. Who was responsible for that activity, and to what extent did the Met discover the customers for that information?


Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Sun Oct 28th, 2012 at 06:00:41 PM EST
[ Parent ]
Eurointelligence Daily Morning Newsbriefing: Berlusconi on a rampage, Grillo likely to win in Sicily (29.10.2012)
After his conviction of tax fraud, Silvio Berlusconi bounces back with a full-frontal attack against Angela Merkel and Mario Monti; while the Italian media are writing him off as a future political force, he is still considered as sufficiently destructive to cause instability; Il Sole writes that Berlusconi is finished, but this is no reason to rejoice as he gives way to even more extreme populists; the latest exit polls suggest that Beppe Grillo's Five Star Movement has won the regional elections in Sicily; his party is now second place in national polls; Italian demonstrators staged a large "No Monti Day" anti-austerity rally in Rome; Greece's foreign lenders have refused to make any concessions on the labour market reforms; there is still no agreement in the Greek coalition government; the austerity package could still pass without the support of the Democratic Left, but this would be seen as a blow to the stability of the coalition; Wolfgang Schauble rejects an OSI for Greece; Ewald Nowottny says Greece should be given more time; also says that Spain does not need a programme right now; Spiegel Online says that Merkel also rejects OSI, but may accept a third Greek loan programme; Cerstin Gammelin says please stop the hypocrisy about OSI; a Greek editor is arrested for publishing a list of suspected tax evaders, which reads like a Who's Who of Greek commerce; Germany backs a promissory note deal for Ireland, but remains hard on legacy debt; a Banque de France research note finds that austerity does not work for debt reduction, only growth or inflation can do the trick; Spanish judge urge mortgage reform; there are reports of suicides and attempted suicides by people facing eviction; the IMF advocates the closure of non-viable Spanish banks; Spain's unemployment exceeds 25% for the first time; Spain's employment minister says public sector unemployed are "people too"; Wolfgang Munchau, meanwhile, says there is something he does not understand.


I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Migeru (migeru at eurotrib dot com) on Mon Oct 29th, 2012 at 04:29:08 AM EST
[ Parent ]
There is something Wolfgang Munchau does not understand

In his FT column, Wolfgang Munchau asks the following questions. If you always treated the eurozone crisis as a pure liquidity crisis, as official policy has done, then you might as be optimistic, and you should always have been optimistic six months ago. But if you treat this as a solvency crisis, as he does, why would liquidity support by the ECB make a fundamental difference? It means that we still kick down can, except that the can is now much bigger. So if you were pessimistic six months ago, why then would you be optimistic now? Please help!



I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Migeru (migeru at eurotrib dot com) on Mon Oct 29th, 2012 at 04:35:26 AM EST
[ Parent ]
Wolfgang Münchau: Crutches prop up euro, but it's still lame (October 28, 2012)
Eurozone governments' determination to stop the liquidity crisis is matched only by their refusal to recognise the solvency crisis. The ECB and member states may be infinitely patient in rolling over debt, but unwilling to recognise losses, for example on Greek sovereign and on Spanish banking debt. I was reminded of that when I read that Germany was now ready to accept a two-year extension of the Greek programme, but there would be no new money, leaving Greece itself to fund the gap - something that is simply not going to happen.

The refusal to let the European Stability Mechanism fund Spanish banks directly falls into the same category. Debt that has arisen in Spain will remain debt of the Spanish state as ultimate guarantor.

Resolution means policies to assure a return to solvency. Solvency is an analytical concept, which itself depends on your assumptions about interest rates and economic growth and, of course, the total burden of debt. If you make unrealistically optimistic assumptions about the size of the fiscal multiplier, the global economy and the impact of structural reform on growth, you can make any debt disappear on paper. This can go on until these assumptions are falsified. But it cannot go on for ever.



I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Migeru (migeru at eurotrib dot com) on Mon Oct 29th, 2012 at 04:40:17 AM EST
[ Parent ]
(A few weeks ago, sorry if this has been posted:)
Heed siren voices to end fixation with austerity

It was disguised as a technical appendix, but it turned out to be an act of insurrection. The International Monetary Fund has published results from a study, which show that the impact of fiscal policy on growth is higher than previously estimated. The policy conclusion of a large fiscal multiplier is obvious: excessive austerity defeats itself. It must end.
[...]
Of course, nobody is under any illusion that the eurozone will dump its policies as a result of an econometric analysis. As hordes of frustrated European economists know only too well, macroeconomic analysis in general does not play a role in eurozone policy making.
[...]
The most one can expect from the IMF's challenge is that it might shift the discussion in the long run. It will have no impact on the 2013 fiscal year. European policy makers are paranoid about their credibility, and I expect them to hold on to austerity until the bitter end, when the policy implodes. An age of economic enlightenment will arrive eventually, but not quite yet.
[...]


-----
sapere aude
by Number 6 on Mon Oct 29th, 2012 at 07:48:30 AM EST
[ Parent ]
So we have a study to look at the effects of austerity and whether it benefits economies. It takes hundreds of billions of euros to discover that the answer to that question is "no".

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Mon Oct 29th, 2012 at 10:59:28 AM EST
[ Parent ]
After his conviction of tax evasion in a criminal trial, Silvio Berlusconi staged an extraordinary outburst in which he attacked pretty much everybody, including Mario Monti and Angela Merkel. Together with the likely victory of Beppe Grillo's Five Star Movement, this is a reminder that Italian politics remains essentially unpredictable until next April's elections.

Il Corriere della Sera reports on Berlusconi's remarks according to which Germany forced the European Council to take decisions he never agreed with. He also said Merkel and Nicolas Sarkozy had destroyed his credibility in Europe. In addition, the media mogul said Germany had a hegemonic and selfish behaviour toward the EU. He also said Monti's premiership marked a suspension of democracy in Italy, and this was triggered by German banks which had pulled the plug on Italian sovereign debt. Berlusconi said he will decide in the next few days whether he continue to support the Monti government. Berlusconi said he is obliged to run in the next elections due to latest legal decisions. Berlusconi has been sentenced to 4 years for fiscal fraud in a trial brought against Mediaset. Berlusconi has also been forbidden from holding public office for 3 years and fined €10m.

Berlusconi's political life over, according to Il Sole 24 Ore, but don't rejoice
Despite his latest speech, the time of Silvio Berlusconi is over, Il Sole 24 Ore writes in an editorial. Italians have become more critical of political institutions and disaffected from politics in general. The austerity imposed by the eurozone crisis is bringing down political participation, and making life difficult for the established political parties. A new political era in Italy is possibly, but only other sacrifices, but the outlook is negative for now. According to Il Sole, now it's time for the populists like Grillo.

Grillo is set to win in Sicily elections
The latest exit polls suggest that Beppe Grillo's Movimento 5 Stelle (M5S) is going to win in Sicily regional elections, according to La Stampa. Nationwide, it is now the second largest party in the polls. As La Stampa remarks, the current regional election in Sicily is an opportunity for M5S to prove that it can turn the support indicated in the polls to votes in elections. Sicily is a key region: it was one of the strongholds of Berlusconi. But now everything has changed. Only 47% have voted at the elections, a figure that indicates how people may vote in the general election next year, according to La Stampa.

The huge protest march' season is coming in Italy
It was "No-Monti Day" in Italy yesterday, Il Messaggero reports. A rally in Rome against austerity, organized by leftist unions and parties, attracted over 70,000 protestors in Rome. According to Il Fatto Quotidiano, a radical left newspaper, the Italian people are waking up at last, along with fellow Europeans from Greece, Spain and France.



I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Migeru (migeru at eurotrib dot com) on Mon Oct 29th, 2012 at 06:52:53 AM EST
[ Parent ]
a Banque de France research note finds that austerity does not work for debt reduction, only growth or inflation can do the trick

I saw this item on the TV news this morning. The newsreader looked really confused.

It's a start.

It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II

by eurogreen on Mon Oct 29th, 2012 at 08:53:02 AM EST
[ Parent ]
The newsreader looked really confused.

Classic.

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS

by Migeru (migeru at eurotrib dot com) on Mon Oct 29th, 2012 at 09:54:01 AM EST
[ Parent ]
French history lessons: Austerity policy won't work without growth or inflation

In Les Echos Jean Marc Vittori picks up on a research paper from the Banque de France written by Gilles Dufrénot et Karim Triki, which looks back at the French history of public debt reduction since the 19th century. The paper concludes that austerity policy hardly played any role for debt reduction, that there is no success without strong economic growth, that inflation helped as well as political repression to keep interest rates down. Vittori also cites other papers concluding that austerity policy can never bring down public debt levels sufficiently when there is neither economic growth nor inflation.  



I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Migeru (migeru at eurotrib dot com) on Mon Oct 29th, 2012 at 09:56:47 AM EST
[ Parent ]
"During extensive policy meetings at the IMF in the beginning of the crisis we allowed, we needed a way to sell the return to the Feudal Ages, and we decided that using the vogue phrase Shock Doctrine wouldn't cut it.

That's when we came up with the meaningless buzzword Austerity. it encompassed all our dreams while hardly signifying what we were actually trying to achieve."

   -- Tomás de Torquemada, Brussels, 2009

"Life shrinks or expands in proportion to one's courage." - Anaïs Nin

by Crazy Horse on Mon Oct 29th, 2012 at 12:18:03 PM EST
[ Parent ]
Local edition of Repubblica (Cancelleri is the 5 Stelle candidate)
L'Isola al voto per rinnovare presidente e Assemblea regionale. La maggioranza degli elettori si astiene: ha votato il 47,4 per cento. Affluenza in netto calo rispetto alle tre tornate precedenti. Clamorosi risultati secondo le prime rilevazioni nel capoluogo: Cancelleri sarebbe oltre il 27 per cento. Ma il candidato Pd-Udc Crocetta: "In cinque province sono in testa io"
by gk (g k quattro due due sette "at" gmail.com) on Mon Oct 29th, 2012 at 06:37:50 AM EST
[ Parent ]
It looks as though Cancelleri will be in third place, though his party, at 14.40% got the biggest share of the vote. The two leading candidates have a coalition of parties behind them, though the Pd/PDL shares of the frontrunners are 13.80 and 12.90%, respectively.
by gk (g k quattro due due sette "at" gmail.com) on Mon Oct 29th, 2012 at 09:26:23 AM EST
[ Parent ]
Lithuania's opposition on course for election victory | World news | guardian.co.uk

Lithuanians angry at spending cuts put leftwing opposition parties on the path to power in an election on Sunday that likely spelled the end for a conservative government praised abroad as a model of austerity.

The Social Democratic Party and the Labour Party, which have promised to raise the minimum wage and shift the tax burden to the better off, were headed for a parliamentary majority in combination with their likely partner, the Paksas Party, according to preliminary results from the second-round vote.



It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II
by eurogreen on Mon Oct 29th, 2012 at 10:16:19 AM EST
[ Parent ]
by afew (afew(a in a circle)eurotrib_dot_com) on Sun Oct 28th, 2012 at 09:49:13 AM EST
China's Slowing Revenue Gains Seen Limiting Spending - Bloomberg

China's government spent more than planned in the first nine months of the year, and revenue gains moderated, leaving little room for public outlays to stoke the economy this quarter without an expansion of the budget.

Fiscal revenue rose 10.9 percent in January-to-September from a year earlier to 9.06 trillion yuan ($1.5 trillion), compared with a 29.5 percent gain in the same period in 2011, Ministry of Finance data showed this month. Spending in the January-September period rose 21.1 percent, higher than the targeted 14.1 percent rise for the full year, leaving a surplus of about half last year's level.

"The effects of China's fiscal policy were expansionary in the first nine months but will be neutral in the fourth quarter as spending won't be higher than a year earlier," said Ding Shuang, senior China economist with Citigroup Inc. in Hong Kong, who formerly worked at the People's Bank of China and International Monetary Fund. "Policy effects from previous months will ensure a modest recovery, but the rebound is restrained."

Policy makers across Asia have restrained their stimulus efforts compared with 2008-2009 as the global expansion slowed, either opting to preserve firepower should Europe's crisis worsen, or seeking to avoid asset-price bubbles. In China, outgoing Premier Wen Jiabao's government has fought to rein in housing costs in the run-up to the nation's once-in-a-decade leadership transition that starts next month.

by afew (afew(a in a circle)eurotrib_dot_com) on Sun Oct 28th, 2012 at 03:06:44 PM EST
[ Parent ]
Bundesbank Says NY Fed to Help Meet Gold Audit Request - Bloomberg

The Bundesbank said the Federal Reserve Bank of New York will help it meet auditing requirements related to its gold reserves that were demanded by Germany's Audit Court.

"We have been in discussions with the Federal Reserve Bank of New York about the Bundesbank's holdings of gold," the Bundesbank said yesterday in a letter to the German parliament's budget committee. "The discussions have been fruitful and the Federal Reserve has expressed a commitment to work with the Bundesbank to explore ways to address the audit observations, consistent with its own security and control processes and logistical constraints."

The agreement is part of a compromise between the German central bank and the Audit Court, which has called on the Bundesbank to take stock of its gold holdings outside Germany, saying it has never verified their existence.

by afew (afew(a in a circle)eurotrib_dot_com) on Sun Oct 28th, 2012 at 03:09:28 PM EST
[ Parent ]
Oil Set for Second Weekly Drop on Demand Outlook, Supply - Bloomberg

Oil in New York rebounded after better-than-forecast U.S. economic figures fueled speculation that energy demand in the world's largest crude user will increase.

Futures rose as much as 0.3 percent after earlier dropping as much as 1.2 percent. The U.S. economy expanded by 2 percent in the third quarter, 0.2 percent more than forecast, paced by a pickup in consumer spending, a rebound in government outlays and gains in residential construction, a government report today showed. Crude is still set for its largest weekly drop in a month amid increasing stockpiles.

"These are better figures than expected, and are conveniently good for Obama, and should see oil and stock prices pare losses," Michael Hewson, London-based market analyst at CMC Markets, said by e-mail today. "The main worry is that these figures will probably get revised down."

by afew (afew(a in a circle)eurotrib_dot_com) on Sun Oct 28th, 2012 at 03:10:06 PM EST
[ Parent ]
Full bank breakup might be needed, warns Bank of England | Business | guardian.co.uk

The Bank of England has warned that a full breakup of Britain's banks might ultimately be needed to prevent their problems wrecking the economy or burdening the taxpayer.

Andrew Haldane, Threadneedle Street's director for financial stability, expressed doubts that current proposals would be sufficient to tackle the "too big to fail" issue that has dogged the financial sector since the crisis of 2007-08.

In a speech to the Institute of Economic Affairs on Thursday night, Haldane said current initiatives were a step in the right direction but did not go far enough.

Ultimately, he said, banks might need to have their activities curtailed by tough capital requirements, limits on their size or a modern Glass-Steagall Act, the 1930s law that separated investment from retail banking in the US.

by afew (afew(a in a circle)eurotrib_dot_com) on Sun Oct 28th, 2012 at 03:16:58 PM EST
[ Parent ]
How small does a bank need to be to be small enough to fail? If you have 20% of your small enough to fail banks all fail at the same time, isn't that roughly the same as having a single bank with 20% of your banking activity fail?
by asdf on Sun Oct 28th, 2012 at 10:27:29 PM EST
[ Parent ]
I guess the idea is that the deposit rich savings banks won't fail, while the heavily leveraged casino banks can crash without serious impact to the economy

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Mon Oct 29th, 2012 at 04:35:25 AM EST
[ Parent ]
How small does a bank have to be to be unable to bribe the right people?

A vote for PES is a vote for EPP! A vote for EPP is a vote for PES! Support the coalition, vote EPP-PES in 2009!
by A swedish kind of death on Mon Oct 29th, 2012 at 05:16:14 AM EST
[ Parent ]
This is the end of boom and bust: we need a new vocabulary | Business | The Observer

David Cameron has asked the ONS to look into how best to lift the lid off the traditional measures of economic output and gauge families' life satisfaction - what used to be known as the elusive "feelgood factor".

In last week's study, the latest in a series, the ONS found that net national income per head, which experts including Joseph Stiglitz have found to be a better indicator of families' living standards than raw GDP, had declined by more than 13% from its pre-crisis peak by the summer of this year - far sharper than the 4% drop in GDP.

(...)the Bank of England governor used his appearance [in Wales] to warn that the UK, along with much of the industrialised world, may be working through the after-effects of the crisis for years.

"After a period of lopsided expansion, with growing trade deficits and debt levels, and a collapse of their banking systems, advanced economies across the world are facing a huge adjustment. Such is the scale of the global adjustment required that the generation we hope to inspire may live under its shadow for a long time to come," he said. He talked about a "downward correction of expectations about future incomes and wealth" that will inevitably change consumer behaviour and slowly start to shift the shape of the economy.

It's hard to know how much the productive capacity of the economy has been damaged by those years of "lopsided" growth; but an army of export champions won't spring up overnight to replace jobs lost on boarded-up high streets, and Ford's announcement that it is laying off up to 1,400 workers as demand from the continent shrinks demonstrates the scale of the challenge.

by afew (afew(a in a circle)eurotrib_dot_com) on Sun Oct 28th, 2012 at 03:23:34 PM EST
[ Parent ]
I feel very strongly we need to start recognising that export growth is a complicated proposition once we consider the realities of the world economy.

Krugman's economic geography work indicates that most trade for a nation like the UK involves two categories:

1) Import of natural resources balanced by export of finished goods.
The majority of natural resource rich countries are at this time economically lopsided, so there are fewer instances where this bleeds into category 2.

2) Trade between nations of similar goods. e.g. We export Range Rovers to the USA, they export Jeeps back.

by Metatone (metatone [a|t] gmail (dot) com) on Mon Oct 29th, 2012 at 06:01:46 AM EST
[ Parent ]
I feel very strongly that we need to make economists stop lying to us about their aims and intentions, and about the fact that policy economics is the theological wing of social Darwinism.

I don't suppose Osborne feels that a 14% drop in real income for most of the population is a bad thing.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Mon Oct 29th, 2012 at 07:30:44 AM EST
[ Parent ]
by afew (afew(a in a circle)eurotrib_dot_com) on Sun Oct 28th, 2012 at 09:49:30 AM EST
Palestine olive farmers cultivate resistance - Features - Al Jazeera English

"We have been beaten and wrestled to the ground by settlers on numerous occasions," said Khalid Daraghmeh, also known as Abu Jamal. "When they come, they don't spare us or the plants or animals." Abu Jamal said the settlers have thus far killed four of his dogs, uprooted 350 seedlings, and removed the irrigation system of pipes used to water the plants. On one occasion, settlers stripped naked and dipped themselves in another well used for drinking, he said.

The Daraghmeh home is surrounded by freshly-paved roads leading up to the Israeli settlement of Ma'ale Levona, one of three bordering their land. The village, located some 30km south of Nablus, lies adjacent to Route-60, the primary north-south road that runs through the West Bank.

'I'm not going anywhere'

"They asked to buy my land on several occasions," Abu Jamal said. "But this land is mine and I'm not going anywhere." Large rocks peppering his land stand as testament to the number of times they have been hurled by settlers, he said. 

Two months earlier, a group of some 30 settlers attacked them in their home, recalled Taghreed, Abu Jamal's wife. The settlers took the door off its hinges and beat her children 13-year-old Mo'men, and her youngest, Nour, only 10, she said. 

by afew (afew(a in a circle)eurotrib_dot_com) on Sun Oct 28th, 2012 at 01:02:15 PM EST
[ Parent ]
Bomb attack hits northern Nigerian church - Africa - Al Jazeera English

A suicide bomber has driven a vehicle packed with explosives into a Catholic church in northern Nigeria, killing at least eight people and wounding more than 100, triggering reprisal attacks that have killed at least two more, according to officials.

The attack happened in the Malali neighbourhood of Kaduna, a city on the dividing line between Nigeria's largely Christian south and mainly Muslim north, where religious rioting has killed hundreds in recent years.

The car tried to force its way past the gate at St Rita's Catholic church just before it exploded, witnesses at the church said.

by afew (afew(a in a circle)eurotrib_dot_com) on Sun Oct 28th, 2012 at 01:03:00 PM EST
[ Parent ]
UN calls for action to end Myanmar violence - Asia-Pacific - Al Jazeera English

The UN has called for "urgent action" to prevent the spread of intercommunal violence in Myanmar's Rakhine state, after recent clashes killed dozens of people and left thousands homeless.

The organisation said a team lead by Ashok Nigam, its Resident and Humanitarian Co-ordinator, had visited the state and seen "large scale destruction of houses".

The government estimates that more than 22,500 people have been displaced from their homes in the last week and more than 4,600 houses have been burnt.

Security forces have been deployed to areas where clashes between ethnic Rakhine Buddhists and Muslim Rohingya erupted on October 21.

Tensions have been running high in Rakhine state after Muslims were blamed for the rape and murder of a Buddhist woman in June, setting off deadly clashes that displaced tens of thousands of people.

by afew (afew(a in a circle)eurotrib_dot_com) on Sun Oct 28th, 2012 at 01:03:26 PM EST
[ Parent ]
IPS - Myanmar Accused of Dragging Feet on Rakhine Violence | Inter Press Service

WASHINGTON, Oct 26 2012 (IPS) - With a new surge in sectarian violence in western Myanmar estimated to have killed more than a hundred people in recent days, top officials in the United Nations are criticising the Myanmar government for dragging its feet on addressing the "root cause" of a conflict that could disrupt the delicate reforms process underway in the country.

"We see (the government is) not at this point taking the proper decisions towards a real solution - I don't see a real analysis of the situation," Tomás Ojea Quintana, the U.N.'s special rapporteur on human rights in Myanmar, told journalists Thursday after handing over a new report to the General Assembly.

"Those decisions that are needed to be taken immediately to control the situation, to start addressing the root causes of the situation, have not been taken." He noted that the situation in Rakhine is "quite different from the other ethnic minority areas in Myanmar".

by afew (afew(a in a circle)eurotrib_dot_com) on Sun Oct 28th, 2012 at 01:26:52 PM EST
[ Parent ]
Analysis & Opinion | Reuters

Fix one problem, and along comes another. On the day China expelled disgraced politician Bo Xilai from its parliament, a New York Times investigation alleged that Premier Wen Jiabao's family controls financial assets worth $2.7 billion. The suggestion is explosive, particularly of a leader who has spoken out about inequality. But it is also mundane, and won't much change the calculus for investors in the People's Republic.

With only around three weeks until Wen makes way for a new premier, the risk that this becomes a social hot potato is slight. China's censorship machine works as efficiently as ever: visits to the New York Times website were swiftly blocked. Blog users discussed the story, but only in euphemism, referring to Wen by names like "Wo Jia Baobao" - "My baby". Though the details are juicy, the idea that China's elite are very rich is hardly surprising.

by afew (afew(a in a circle)eurotrib_dot_com) on Sun Oct 28th, 2012 at 01:09:27 PM EST
[ Parent ]
BBC News - Hurricane Sandy: New York City transit suspended

New York City's public transport system is to be suspended ahead of the arrival on Monday of Hurricane Sandy.

Governor Andrew Cuomo said the subway, bus and train services would shut down from 19:00 (23:00 GMT) on Sunday.

As many as 375,000 people have been ordered to evacuate low-lying areas, and schools will be shut.

Sandy's winds are set to intensify as it merges with a wintry storm from the western US. A number of states on the East Coast have declared an emergency.

Up to 60 million people could be affected by the storm, which is set to hit several states key to the 6 November presidential election.

by afew (afew(a in a circle)eurotrib_dot_com) on Sun Oct 28th, 2012 at 01:13:38 PM EST
[ Parent ]
Hurricane Sandy Barrels Northward, May Hit New Jersey - Bloomberg
Hurricane Sandy was barreling northward along the U.S. East Coast as forecasters warned it would converge with two other systems to create a superstorm threatening to bring high winds, rain and a tidal surge that may inundate Mid-Atlantic and Northeast coastal areas.

Sandy, which killed as many as 58 people as it moved through the Caribbean, is predicted to make landfall late tomorrow or early Oct. 30. It is on track to come ashore in southern New Jersey before turning inland, according to the National Hurricane Center's three-day forecast.

Authorities were poised to begin evacuations, utilities were preparing for power failures that may affect millions of people, and airlines made arrangements to cancel flights and move planes. The cyclone that will grow out of Sandy and two storms rushing eastward across the U.S. has been dubbed "Frankenstorm" by the National Weather Service.

"There is going to be a lot of rain and wind damage," said Dan Pydynowski, a meteorologist with AccuWeather Inc., in a telephone interview. "This is going to be a much larger, more widespread storm than Hurricane Irene."

by afew (afew(a in a circle)eurotrib_dot_com) on Sun Oct 28th, 2012 at 03:01:21 PM EST
[ Parent ]
Hurricane Sandy: Zone A Evacuation, Schools Closed Monday - Business Insider

Mayor Bloomberg has announced a "mandatory evacuation" of "Zone A," the area of New York city that's low-lying and prone to flooding.

Zone A starts at 39th and 1st street in Manhattan. It continues down the East River through the financial district and up the West Side Highway to 60th street. 

Major affected areas include Manhattan's Battery Park City, Brooklyn's Coney Island and Manhattan Beach, The Rockaways in Queens, and other shore areas of Staten Island.

The call was made because the flood surge is expected to be much higher than anticipated yesterday.

by afew (afew(a in a circle)eurotrib_dot_com) on Sun Oct 28th, 2012 at 03:03:47 PM EST
[ Parent ]
A golden handshake - or an error that could cost Israeli Prime Minister Benjamin Netanyahu power? - Middle East - World - The Independent

The Israeli Prime Minister Benjamin Netanyahu's big political gamble to join forces with ultra-nationalists before early elections in January threatened to backfire today as signs emerged that the new alignment could alienate moderate voters.

In a surprise announcement late on Thursday, the hawkish premier sketched out the details of a tie-up between his ruling Likud party and Yisrael Beitenu, led by the Foreign Minister, Avigdor Lieberman. Disunited centrists factions condemned the alliance as an "extremist leadership".

Mr Netanyahu hopes the alignment will give him a substantial majority in the next Knesset, the Israeli parliament, and the popular mandate he needs to formulate a strategy, possibly a military one, to defeat Tehran's nuclear ambitions. The decision to run alongside Mr Lieberman, a former nightclub bouncer who lives in a West Bank settlement, will raise eyebrows not only in Israel but also in the West, where he is largely shunned.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Sun Oct 28th, 2012 at 02:27:02 PM EST
[ Parent ]
Hope so, but you can't tell with the Israelis

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Mon Oct 29th, 2012 at 04:40:42 AM EST
[ Parent ]
Associated Press survey (PDF, page 13):
Do you happen to know the religion of the following people: [...]

Barack Obama:

[figures are from 2010 and 2012]

Protestant   26     28
[...]
Jewish           0     18
Muslim        17      10
[...]              
No religion    2     35
Don't know   41     2
[...]

by gk (g k quattro due due sette "at" gmail.com) on Mon Oct 29th, 2012 at 04:36:21 AM EST
[ Parent ]
Well, for a piece of information they place great store by, they're keen to ensure certainty isn't disturbed by facts

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Mon Oct 29th, 2012 at 04:42:37 AM EST
[ Parent ]
Approval down, "Will bring about change" down, Jewishness up?

Odd stuff.

A vote for PES is a vote for EPP! A vote for EPP is a vote for PES! Support the coalition, vote EPP-PES in 2009!

by A swedish kind of death on Mon Oct 29th, 2012 at 05:24:59 AM EST
[ Parent ]
I hesitate to take those wildly divergent numbers seriously.

(There's something serious about US public opinion on religion? Well, now you mention it...)

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Oct 29th, 2012 at 06:57:03 AM EST
[ Parent ]
Religion is a vote-loser

CQ8. Does candidate's religion make you more or less likely to vote for him?

Barack Obama
More likely          6
Less likely         15
Has no effect       77
Refused/Not Answered 2

Mitt Romney
More likely          5
Less likely         15
Has no effect       77
Refused/Not Answered 2

Most people, quite rightly, don't care about the candidate's professed religion. Those who care, care negatively.

It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II

by eurogreen on Mon Oct 29th, 2012 at 09:51:41 AM EST
[ Parent ]
With a Muslim Jew running against a Mormon, what do you expect? If you had a Christian in the race, things may be different.
by gk (g k quattro due due sette "at" gmail.com) on Mon Oct 29th, 2012 at 10:55:12 AM EST
[ Parent ]
(From 2008, The Onion.)
Barack Obama Defeats Barack Hussein Obama

[...] the socialist Muslim radical, who had close ties to known terrorists, smoked crack cocaine in the back of a limousine, and was by all accounts the Antichrist himself, emerged out of nowhere in late 2007 to challenge the progressive junior Senator from Illinois.
[...]
he's probably the best candidate the Republican party has put out in decades."
[...]
"I don't think we've heard the last of Barack Hussein Obama," noted political strategist Karl Rove said. "I have a feeling he'll be back in 2012."


-----
sapere aude
by Number 6 on Mon Oct 29th, 2012 at 11:16:03 AM EST
[ Parent ]
Turns out that AP missed a line in the poll and shifted all the numbers up. Which raises the question how often does this happen in their other polls?
by gk (g k quattro due due sette "at" gmail.com) on Tue Oct 30th, 2012 at 08:46:34 AM EST
[ Parent ]
Syria comment: Syrian War Spillover in Iraq Will Be Much Worse than in Lebanon (Joshua Landis, October 28th, 2012)
Many Western journalists are based in Lebanon, few in Iraq. This explains why relatively small events in Lebanon get dramatic reporting and much larger increases of violence in Iraq, are largely overlooked or elicit little concern.

...

The threat of spillover in Lebanon is minor compared to Iraq because the sects in Lebanon all acknowledge that none can rule the country without the others. Even the most powerful, the Shiites, readily confess that they have no chance of turning Lebanon into an Islamic republic because Lebanon has a form of democracy and the majority is against it. Not only do all the sects buy into the notion of power-sharing, they also know that in Lebanon it is impossible for one group to dominate on the others. They learned these simple truths from decades of barbaric fighting.

...

The Sunni-led attempt to depose Assad's regime is sure to give a big boost to Al-Qaida in Iraq as arms and men flow across the border and find a refuge in Syria. Saudi, Turkish and Qatari support for Syria's Sunnis is also likely to turbo-charge passions in Iraq, as Sunnis feel empowered to push back against Iranian influence and the Shiite hold on power.



I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Migeru (migeru at eurotrib dot com) on Mon Oct 29th, 2012 at 08:17:44 AM EST
[ Parent ]
by afew (afew(a in a circle)eurotrib_dot_com) on Sun Oct 28th, 2012 at 09:49:56 AM EST
BBC News - China protesters force halt to Zhejiang factory plan

Plans to expand a petrochemical plant in eastern China have been shelved after days of protests.

On Friday, crowds opposed to the expansion attacked police in the city of Ningbo in Zhejiang province.

Officials from Ningbo's city government announced on Sunday evening that work on the project would now not go ahead.

Environmental protests have become more common in China. They come ahead of a once-in-a-decade change of national leaders in Beijing.

Protesters gathered again in Ningbo on Sunday, marching on the offices of the district government. They are opposed to the expansion of the plant by a subsidiary of the China Petroleum and Chemical Corporation.

"There is very little public confidence in the government," protester Liu Li told the Associated Press.

"Who knows if they are saying this just to make us leave and then keep on doing the project," she added.

by afew (afew(a in a circle)eurotrib_dot_com) on Sun Oct 28th, 2012 at 01:15:28 PM EST
[ Parent ]
Food to combat conflicts at global fair in Italy

In a world dogged by conflicts and wars, the key to peace and reconciliation lies in food, say chefs, small-scale producers and Slow Food campaigners at the world's biggest food fair in Turin.

Among the thousands of stalls which line the fair with spices, fruits, wines and delicacies from 100 countries in Europe, North America, Asia and Africa, springs a huge African food garden with pumpkins, berries, bananas and trees.

The plot represents the 25 countries involved in the "Thousand Gardens in Africa project," which aims to preserve traditional foods and unite communities in the continent where civil wars and conflict often aggravate food crises.

by afew (afew(a in a circle)eurotrib_dot_com) on Sun Oct 28th, 2012 at 01:21:18 PM EST
[ Parent ]
Food to combat conflicts at global fair in Italy

In a world dogged by conflicts and wars, the key to peace and reconciliation lies in food, say chefs, small-scale producers and Slow Food campaigners at the world's biggest food fair in Turin.

Among the thousands of stalls which line the fair with spices, fruits, wines and delicacies from 100 countries in Europe, North America, Asia and Africa, springs a huge African food garden with pumpkins, berries, bananas and trees.

The plot represents the 25 countries involved in the "Thousand Gardens in Africa project," which aims to preserve traditional foods and unite communities in the continent where civil wars and conflict often aggravate food crises.

 As economic giant China ploughs ahead with modernisation and industrialisation, small-scale farmers and producers are creating pockets of resistance by going back to their roots.

"China has made incredible steps forward but we're paying the price in terms of our health and are losing traditional ways of farming and eating," Zhou Jinzhang told AFP at the world's biggest food fair in Turin in northern Italy.

Zhang founded a non-profit association, "The Farmers' Friend," in 2004, amid the towering skyscrapers and bustling streets of the industrial city Liuzhou, in order to protect the use of local meats, cooking methods and ingredients.

"It's all about speed and convenience: with all the chemicals in farming and additives in food such as glutamate, many dishes have lost their flavour," said Jinzhang, who began by setting up a network of environmentally-aware farmers.

by afew (afew(a in a circle)eurotrib_dot_com) on Sun Oct 28th, 2012 at 01:22:02 PM EST
[ Parent ]
Biologists record increasing amounts of plastic litter in the Arctic deep sea

The sea bed in the Arctic deep sea is increasingly strewn with litter and plastic waste. As reported in the advance online publication of the scientific journal Marine Pollution Bulletin by Dr. Melanie Bergmann, biologist and deep-sea expert at the Alfred Wegener Institute for Polar and Marine Research in the Helmholtz Association.

The quantities of waste observed at the AWI deep-sea observatory HAUSGARTEN are even higher than those found in a deep-sea canyon near the Portuguese capital Lisbon.

For this study Dr. Melanie Bergmann examined some 2100 seafloor photographs taken near HAUSGARTEN, the deep-sea observatory of the Alfred Wegener Institute in the eastern Fram Strait. This is the sea route between Greenland and the Norwegian island Spitsbergen.

"The study was prompted by a gut feeling. When looking through our images I got the impression that plastic bags and other litter on the seafloor were seen more frequently in photos from 2011 than in those dating back to earlier years. For this reason I decided to go systematically through all photos from 2002, 2004, 2007, 2008 and 2011," Melanie Bergmann explains.

by afew (afew(a in a circle)eurotrib_dot_com) on Sun Oct 28th, 2012 at 01:23:04 PM EST
[ Parent ]
IPS - Extreme Weather Hits the Poor First - and Hardest | Inter Press Service

Currently about 8.9 percent of [Sri Lanka]'s 21 million people live below the poverty line.

Of these, according to Abha Joshi-Ghani, head of the World Bank's Urban Development and Local Government Unit, "the poor in urban areas are likely to be affected more by the changing climate patterns. They are the most vulnerable because they live in sensitive areas, on precarious land where no one else will settle."

The British-based charity Homeless International estimates that 12 percent of Sri Lanka's urban population of about three million can be found in slums.

Defence and Urban Development Secretary Gotabaya Rajapaksa was recently quoted as saying that shanty dwellers in the capital Colombo can be found "mostly on government lands".

"Many of them are on the reservations set aside around the lakes, canals, roadways, and railway tracks," he added.

The biggest threat to this population is the flash flood. Since 2007, the nation's capital - along with other parts of the western region - has already been submerged more than two dozen times.

by afew (afew(a in a circle)eurotrib_dot_com) on Sun Oct 28th, 2012 at 01:26:13 PM EST
[ Parent ]
Fallen Arches: McDonald's sales slump blamed on food costs, smarter customers | Grist

If you missed the news about McDonald's recent sales slump that's probably because the company planned it that way. Using the oldest corporate trick in the book, McDonald's announced its disappointing news on a Friday afternoon, hoping it would get ignored as the weekend started. But the timing of the announcement only underscores how bad the news really was. For the first time since 2003, the company's global sales rose less than 2 percent, and its net income dropped almost 4 percent.

CEO Don Thompson blamed the economy for the fast food giant's lackluster performance, pointing to "the external environment including declining consumer sentiment, high commodity and labor costs and heightened competitive activity." Translation? Between the rising price of food (thank you, climate change), growing consumer awareness of McDonald's bad business practices, and competition from the likes of Taco Bell, McDonald's was having trouble maintaining its normally high rate of growth. Thompson said the company would respond by promoting its Dollar Menu and bringing back the shockingly unhealthy McRib in December, as a way to show the "value" of eating at McDonald's. But Thompson is either missing the point or playing dumb.

by afew (afew(a in a circle)eurotrib_dot_com) on Sun Oct 28th, 2012 at 01:28:37 PM EST
[ Parent ]
They need a new product ... "The 1/4 pounder Slime Burger" ... made from 100% PINK SLIME ... yummy!

http://www.youtube.com/watch?v=_wp4O7v5320
by THE Twank (yatta blah blah @ blah.com) on Sun Oct 28th, 2012 at 06:23:44 PM EST
[ Parent ]
I thought that was already available


keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Mon Oct 29th, 2012 at 04:45:00 AM EST
[ Parent ]
It's New Coke: They have tried to highlight the options no McD customer wants.

McD has a very well defined customer base. (In the UK I'd feel out of place in one of their restaurants without a) a furry collar/hood OR b) "three stripes" tracksuit pants.)

This demographic may not know much about art, but they can smell "style over substance" a mile away. (Witness their revulsion towards Jamie Oliver.)

McDonald's still seems to believe they have a "public perception" problem and not a reason to make substantial changes to its practices.

It's not the "freedom" most terrorists dislike, it's constantly being bombed.

-----
sapere aude

by Number 6 on Mon Oct 29th, 2012 at 06:39:13 AM EST
[ Parent ]
Out of curiosity which region of the UK are you in these days?
by Metatone (metatone [a|t] gmail (dot) com) on Mon Oct 29th, 2012 at 06:48:46 AM EST
[ Parent ]
North East.


-----
sapere aude
by Number 6 on Mon Oct 29th, 2012 at 07:01:25 AM EST
[ Parent ]
I may be up that way in March for a while. Shall we have a mini-meet?
by ThatBritGuy (thatbritguy (at) googlemail.com) on Mon Oct 29th, 2012 at 07:32:50 AM EST
[ Parent ]
I'm in London these days, but I shuttle up to Yorkshire every month for various reasons, so I could probably make it further up the train line for a NE mini-meet too... unless Number 6 is intent on preserving anonymity...
by Metatone (metatone [a|t] gmail (dot) com) on Mon Oct 29th, 2012 at 07:51:33 AM EST
[ Parent ]
Always!
I'll email you.


-----
sapere aude
by Number 6 on Mon Oct 29th, 2012 at 07:55:34 AM EST
[ Parent ]
I'll be in Sunderland late Jan/early Feb. Fancy a beer ?

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Mon Oct 29th, 2012 at 11:00:35 AM EST
[ Parent ]
Corn maze: There is no `simple fix' for commodity farming | Grist

I've been thinking lately about monoculture. It's a term that's familiar to those interested in food and agriculture and typically refers to the reliance on vast plantings of a single crop, such as corn or soy.

But monoculture isn't just about what you plant. It's also about how you plant and what you use to keep your plants alive. And while we can all share the goal of turning Big Ag into Better Ag, as the Natural Resources Defense Council's Sasha Lyutse put it, many of the obstacles aren't purely economic or scientific, they're cultural.

Take the Marsden Farm Study that Mark Bittman has brought to national attention as a potential model for future farmers. In it, a team of U.S. Department of Agriculture and Iowa State University researchers embarked on a 10-year study that compared conventional "two-year" rotations of corn and soy (the dominant form of commodity growing) with three- and four-year rotations that mixed in other grains, alfalfa, and -- in the case of the four-year rotation -- livestock to provide manure fertilizer. As Bittman observed:

The results were stunning: The longer rotations produced better yields of both corn and soy, reduced the need for nitrogen fertilizer and herbicides by up to 88 percent, reduced the amounts of toxins in groundwater 200-fold and didn't reduce profits by a single cent.

by afew (afew(a in a circle)eurotrib_dot_com) on Sun Oct 28th, 2012 at 01:31:49 PM EST
[ Parent ]
Ban that study !! Destroy all known copies

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Mon Oct 29th, 2012 at 04:46:02 AM EST
[ Parent ]
Obviously "flawed". We should be basing our policies on "the" science.
by afew (afew(a in a circle)eurotrib_dot_com) on Mon Oct 29th, 2012 at 06:59:39 AM EST
[ Parent ]
stunning indeed, how big ag ignored rodale et al for decades...

double-duh

It's a fine line between homage, parody, and consumer opportunism. Jess Walter

by melo (melometa4(at)gmail.com) on Mon Oct 29th, 2012 at 01:41:37 PM EST
[ Parent ]
We're all guinea pigs: Film explores effects of living among untested chemicals | Grist
Dana Nachman was a producer at NBC when she wrote a story on how to make your home less toxic. "It was something I never gave an ounce of thought to before," she says. In her research, she learned not only about the tens of thousands of chemicals lurking in everyday products, but that most of those chemicals have never been independently tested for their safety. Meanwhile, rates of tough-to-explain health problems like breast cancer, autism, and infertility -- many of which have been linked to toxic exposure -- are on the rise. A mother of young children, Nachman found this upsetting enough to turn it into the subject of her next documentary (her first two films tackled wrongful convictions and terrorism). The Human Experiment, narrated by Sean Penn and co-directed by Don Hardy, follows three families motivated by health problems to fight the powerful chemical industry lobby on behalf of everyone's safety.
by afew (afew(a in a circle)eurotrib_dot_com) on Sun Oct 28th, 2012 at 01:33:14 PM EST
[ Parent ]
'No room for complacency', says nuclear industry chief: theparliament.com
The head of the organisation representing Europe's nuclear industry says "lessons have been learned" from the Fukushima accident in Japan last year.

Jean-Pol Poncelet told a Brussels conference that "safety has always been of paramount importance to the European nuclear industry".

Addressing a debate organised by Foratom, the Brussels-based representative body for the nuclear industry, he said, "It has always been - and will always be - a non-negotiable priority.

"It guides our work and defines our business," he said on Wednesday.

He added, "The risk and safety assessments process that was carried out at Europe's nuclear power plants in the wake of the Fukushima accident, and which culminated in the recent publication of the commission's communication, were an important reminder."
by afew (afew(a in a circle)eurotrib_dot_com) on Sun Oct 28th, 2012 at 02:57:48 PM EST
[ Parent ]
Environment ministers pour cold water on `hot air' proposal | EurActiv

EU environment ministers abandoned plans on Friday (26 October) to limit excess supply of Kyoto-era carbon credits on the world's markets after seven eastern European states backed Poland's opposition to the measure.

The Environment Council had been intended to forge a common EU position on Assigned Amount Unit carbon credits (AAUs) - disparagingly dubbed `hot air' credits - before the UN climate summit in Doha next month.

But "the fact that there hasn't been agreement within the EU block will only make expectations for the Doha conference on the carry-over of AAUs very low," said Jeff Swartz, the policy director for the International Emissions Trading Association.

"The EU will have a harder time getting other countries to support their position in Doha," he told EurActiv, "so the likelihood of an outcome for that agenda item would be less."

AAU credits were agreed for countries in the former Soviet bloc under the Kyoto Protocol's Joint Implementation scheme. But a collapse of heavy industry after the Soviet Union's implosion, reduced their value to less than a euro per tonne.

Russia and many eastern European nations want the credits to carry over into a second Kyoto commitment period after 2012, when the treaty expires. 

The European Commission fears this could compromise its Emissions Trading System (ETS), and prevent meaningful international agreement at the UNFCCC Doha Climate summit next month.

If not even the EU is committed to a viable carbon market, then it's a corpse. And with it, the subsidies for carbon-mitigation in the less-developed countries.

Taking away the carbon credits from countries opting out of Kyoto is simply common sense. If the EU can't even agree on that, I don't see who else will defend it in Doha.

It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II

by eurogreen on Mon Oct 29th, 2012 at 11:12:07 AM EST
[ Parent ]


I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Migeru (migeru at eurotrib dot com) on Mon Oct 29th, 2012 at 11:27:55 AM EST
[ Parent ]
by afew (afew(a in a circle)eurotrib_dot_com) on Sun Oct 28th, 2012 at 09:50:31 AM EST
Mergers alone won't save book industry | Jack Shafer

Nobody thinks book publishing will disappear, especially given the ubiquity and ease of e-books. After all, even in a world of cheap self-publishing, somebody has to find and market books to the masses. Recognizing this business reality (and good for them) is Penguin, which recently purchased the self-publishing company Author Solutions for $116 million. But the long-term prognosis for books is still not super. A New Yorker writer was probably right to fret in 2007 that pleasure reading may "one day be the province of a special `reading class,' much as it was before the arrival of mass literacy, in the second half of the nineteenth century." Indeed, the industry has fallen into a stagnant funk. A year ago, the Association of American Publishers claimed as positive news that 4.1 percent more books were sold in 2010 over 2008. 4.1 percent! That kind of growth kills.

According to the Harvard Business Review wizards, a company that possesses a terrific first-mover advantage, a technological edge, or a patent portfolio strong enough to protect it from the competition can build scale and dominate its sector. Penguin was that sort of revolutionary company when publisher Allen Lane founded it in the mid-1930s. Lane intuited correctly that there was a market for quality literature printed inexpensively in paperback form. But his success inspired so much instant competition that his first-mover advantage was fleeting, and he couldn't patent the paperback.

The Penguin-Random House merger would theoretically give the new company more leverage in the pricing fights with Amazon et. al. But as important as that struggle for control might be, it still leaves Penguin-Random House operating in a moribund and hidebound enterprise that looks and acts like something out of the 18th century.

by afew (afew(a in a circle)eurotrib_dot_com) on Sun Oct 28th, 2012 at 12:58:26 PM EST
[ Parent ]
Nor will it save the buggywhip industry ... nor the huge ice block for your icebox industry. Kids born today won't know what a book or a newspaper looks like. And why should they?

http://www.youtube.com/watch?v=_wp4O7v5320
by THE Twank (yatta blah blah @ blah.com) on Sun Oct 28th, 2012 at 06:27:07 PM EST
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Alas.
Bring on the youtube generation. No thought longer than 5 seconds. Brave new world.

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sapere aude
by Number 6 on Mon Oct 29th, 2012 at 06:49:24 AM EST
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IPS - Q&A: Severe Birth Defects Soar in Post-War Iraq | Inter Press Service
UNITED NATIONS, Oct 26 2012 (IPS) - A new study confirms what many Iraqi doctors have been saying for years - that there is a virtual epidemic of rare congenital birth defects in cities that suffered bombing and artillery and small arms fire in the U.S.-led attacks and occupations of the country.

The hardest hit appear to be Fallujah (2004), a city in central Iraq, and Basra in the south (December 1998, March and April 2003).

Records show that the total number of birth defects observed by medical staff at Al Basrah Maternity Hospital more than doubled between 2003 and 2009. In Fallujah, between 2007 and 2010, more than half the children born there had some form of birth defect, compared to less than two percent in 2000.

Mozhgan Savabieasfahani, a lead author of the latest study published in the Bulletin of Environmental Contamination and Toxicology, entitled "Metal Contamination and the Epidemic of Congenital Birth Defects in Iraqi Cities," reports that in the case study of 56 Fallujah families, metal analysis of hair samples indicated contamination with two well-known neurotoxic metals: lead and mercury.

by afew (afew(a in a circle)eurotrib_dot_com) on Sun Oct 28th, 2012 at 01:12:42 PM EST
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Horror...and when I think how they bombarded Serbia I really am full of hate. And they are planing on more bombardments worldwide...No wonder they are hated worldwide...Bastards.
by vbo on Sun Oct 28th, 2012 at 06:57:54 PM EST
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IPS - Tough Job? Try Reporting on Corruption in Kazakhstan | Inter Press Service

WASHINGTON, Oct 26 2012 (IPS) - Lukpan Akhmedyarov, a 36-year-old reporter for an independent weekly in western Kazakhstan who was recently ambushed and nearly killed, was awarded the Peter Mackler Award for Ethical and Courageous Journalism this month - the first journalist from that country to receive international recognition in 10 years.

An examination of his articles and the lawsuits they triggered reveals an unusually detailed picture of why Kazakhstan, a nation blessed with ample natural resources and a president, Nursultan Nazarbayev, who covets the Nobel Peace Prize, is 154th out of 179 countries in Reporters Without Borders' press freedom index.

Over several long interviews with IPS in Washington, Akhmedyarov described the stories written for the Uralskaya Nedelya (Uralsk Weekly) paper that had generated lawsuits. They reported on police corruption, rampant nepotism, rigged tenders, how 1990s racketeers are now senior government officials, and how disqualified referees keep on refereeing.

His story illustrates claims by human rights monitors that Kazakhstan, whose official line is that it is inching toward democracy at its own pace, has in fact been doing just the opposite since its economy stared booming a decade ago.

The Kazakhstan International Bureau of Human Rights recently reported that in the area of freedom of expression, of "particular concern" were increases in libel lawsuits against newspapers and journalists and physical attacks on journalists.

by afew (afew(a in a circle)eurotrib_dot_com) on Sun Oct 28th, 2012 at 01:16:39 PM EST
[ Parent ]
David Hockney: The mass media has lost its perspective (FT.com, October 26, 2012)
[The use of optical perspective] was not always universal. It is often assumed that non-western picture-making got perspective "wrong". But the non-westerners didn't get it wrong - it's just that they didn't use optics. Chinese scroll painters had a very sophisticated perspective, without the vanishing point that had reduced the viewer to a static mathematical point. (If we are alive, we move!)

...

Art historians have never really explained the appearance of shadows in European art. No art made outside of Europe used shadows. Chinese, Japanese, Persian and Indian - all highly sophisticated image-makers - ignored shadows. Yet they occur in a big way in European art, and in a very big way with the likes of Caravaggio. Whether they offer an accurate reflection is another matter. There is a story about one of the Jesuits who went to China and painted a portrait of the Empress. Her comment on it was: "I can assure you that the right side of my face is the same colour as the left side of my face."

...

The age of the mass media is also the age of mass murder. That is probably no accident. The terrors of the 20th century - Nazi Germany, Soviet Russia and Mao's China - needed control of the mass media.

It is this age that is ending. What I would call the old media - TV, film and newspapers - are dying. But so too is a lot we thought would always be with us: the culture of stars and celebrity. The age of the mass media made and perhaps needed stars. One thinks of Charlie Chaplin, the first world star of films, and then those stars created by Hollywood.



I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Migeru (migeru at eurotrib dot com) on Sun Oct 28th, 2012 at 05:05:56 PM EST
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Paywalled - dammit.

You can't be me, I'm taken
by Sven Triloqvist on Sun Oct 28th, 2012 at 05:11:56 PM EST
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I knew you'd bite.

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Migeru (migeru at eurotrib dot com) on Sun Oct 28th, 2012 at 05:24:49 PM EST
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If you sign up you can get a certain number of articles per month for free.
Personally wouldn't get this one, but then I haven't had my Münchau/Wolf fix yet.

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sapere aude
by Number 6 on Mon Oct 29th, 2012 at 06:59:31 AM EST
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I disagree with Hockney on the political power of film compared to radio. IMO most high-definition media encourage audience passivity. Radio, which requires the 'imagination' of the listener to 'complete the picture', is potentially much better at creating 'action' or 'decision'.

You can't be me, I'm taken
by Sven Triloqvist on Mon Oct 29th, 2012 at 02:55:17 AM EST
[ Parent ]
by Number 6 on Mon Oct 29th, 2012 at 06:58:01 AM EST
[ Parent ]
I dunno. There always seems to be a McLaren or Warhol around to mastermind things.

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sapere aude
by Number 6 on Mon Oct 29th, 2012 at 06:56:59 AM EST
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Migeru:
TV, film and newspapers - are dying. But so too is a lot we thought would always be with us: the culture of stars and celebrity.

if only, TV has never been so ubiquitous or powerful, as worldwide rollout and as cult of celebrity creators, leaving aside the fact that most media-fodder celebs are famous for just being famous, ie survivor, reality shows and idol.

besides, ye olde internet creates cults of celebrity also, it's just their ascension and half-life is virally accelerated to warp speed, making TV look lazy and slow compared, news-wise especially.

authors are making more money selling straight off their websites sans middleman, and books like parry hotter are breaking records worldwide.

so i can't believe it really... the papers are migrating to the web, (as are TV channels). one look at the web compared to the early 2000s tells us that it's becoming an extension of trad med, steeped in the same commercial vulgarity.

sure the web has more of everything, so whereas you had just a few good tv shows or journalistic endeavours to hunt for before, now they're a click away, if you know where to start looking, but still the good stuff is still in the cracks proportionally to the fluff, porn, kittehs and cake recipes that reflect the giant share of our collective mediatic evolution.

sometimes it seems humanity is getting shallower in direct ratio to the enlarging of the media pool.

luckily quality is also growing apace, it's just more needles, in an ever huger haystack...

(breathes prayer of thanks for ET!)  

It's a fine line between homage, parody, and consumer opportunism. Jess Walter

by melo (melometa4(at)gmail.com) on Mon Oct 29th, 2012 at 02:03:31 PM EST
[ Parent ]
Yes, it may not be a choice between
  • 1984: What you fear will destroy you
  • Brave New World: What you like will destroy you

Might be both.


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sapere aude
by Number 6 on Tue Oct 30th, 2012 at 05:41:24 AM EST
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by afew (afew(a in a circle)eurotrib_dot_com) on Sun Oct 28th, 2012 at 09:50:54 AM EST

(San Francisco won six straight elimination games to reach the championships, then swept Detroit. Wow.)

"Life shrinks or expands in proportion to one's courage." - Anaïs Nin

by Crazy Horse on Mon Oct 29th, 2012 at 06:57:30 AM EST
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Sandoval was batting with a broomstick.

A serious investigation is called for.

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Oct 29th, 2012 at 07:01:59 AM EST
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Happiness explodes in Bremen

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Mon Oct 29th, 2012 at 07:30:05 AM EST
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Happy days for CH!

Enjoy!

by Metatone (metatone [a|t] gmail (dot) com) on Mon Oct 29th, 2012 at 07:49:32 AM EST
[ Parent ]
the joy is strong, partly because what the SF Giants achieved is unparalleled. Further, in the era of millionaire superstars, they did it as a team.

Personally, i loved to watch their brand of real baseball take on the baseball hierarchy. (There are so many stories, i won't even begin.)

More importantly, i may become more coherent now, as the nearly 4 week binge of 4AM and 2AM starts for 3 and 4 hour games, interspersed with actual business and personal life, will now dissolve into more boring reality.

Like every day reading on ET of the effects of Feudal Shock Doctrine.

"Life shrinks or expands in proportion to one's courage." - Anaïs Nin

by Crazy Horse on Mon Oct 29th, 2012 at 11:59:15 AM EST
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