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European Salon de News, Discussion et Klatsch - 29 February

by ceebs Tue Feb 28th, 2012 at 02:27:35 PM EST

 A Daily Review Of International Online Media 


Europeans on this date in history:

1792 - birth of Gioachino Rossini, Composer (d. 1868)

More here and here

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Any idiot can face a crisis - it's day to day living that wears you out.

by ceebs (ceebs (at) eurotrib (dot) com) on Tue Feb 28th, 2012 at 02:29:02 PM EST
US snubs out legal cigar transaction | The Copenhagen Post | The Danish News in English

Authorities in the US have refused to return 137,000 kroner that was confiscated from a Danish policeman who attempted to legally purchase Cuban cigars from Germany.

Torben Nødskouv intended to resell the cigars through his small business Cigarhuset and made the transaction in dollars with a Hamburg-based distributor. But the transaction, which was automatically routed through the US, was picked up by American authorities who froze the money, arguing that the transaction violated the American trade embargo with Cuba.

Nødskouv appealed after the $20,000 transaction was frozen last autumn, but the money may be permanently lost after he was recently informed that it would not be returned to him.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Feb 28th, 2012 at 02:37:26 PM EST
[ Parent ]
Protecting America from the Red Menace by stepping on defenseless small capital entrepreneurship through control of the banking system...  No wonder America felt the need to blow gazillions saving the banks: how else are they going to keep Danish policemen and Fidel Castro in line?
by Andhakari on Wed Feb 29th, 2012 at 01:39:45 AM EST
[ Parent ]
Leveson inquiry: NoW accused of colluding with murder suspects | Media | The Guardian

When a senior detective re-opened a notorious murder inquiry, the suspects were able to intimidate his wife and family with the help of an executive at the News of the World, the Leveson inquiry has been told.

Making one of the gravest Leveson allegations so far, former Crimewatch presenter Jacqui Hames, the then wife of Detective Chief Superintendent Dave Cook, broke down in tears as she accused the paper's then editor Rebekah Brooks of covering up the real reason why her family were targeted.

The intimidation was carried out after an offer of a £50,000 reward on Hames's Crimewatch programme for fresh information on the murder of Daniel Morgan, a partner in a private detective agency.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Feb 28th, 2012 at 02:44:25 PM EST
[ Parent ]
Bryant: phone hacking may be worst corporate corruption case for 250 years | Media | guardian.co.uk

Chris Bryant, the Labour MP, has claimed that in light of recent revelations the News International phone-hacking scandal could turn out to be the biggest case of corporate corruption in the UK for more than 250 years.

Bryant told a Westminster Hall private members' debate on media regulation on Tuesday that his "poor researcher" had counted 486 lies told to parliament by News International, the police and other organisations about phone hacking and related investigations.

The Labour MP, who received £30,000 in damages from NI in January to settle his News of the World phone-hacking claim, also said evidence given to the Leveson inquiry on Monday suggested that a "culture of mass corruption was intrinsic to the Sun's modus operandi".



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Feb 28th, 2012 at 02:45:48 PM EST
[ Parent ]
Met police 'loaned horse to Rebekah Brooks' | UK news | The Guardian

The Metropolitan police, which is attempting to resist claims that it has been too close to Rupert Murdoch's News International, has confirmed it loaned Rebekah Brooks a police horse.

Brooks is the former chief executive of News International, who was forced to resign amid the phone-hacking scandal.

On Monday, the Leveson inquiry heard she had received extensive information from a police officer about the Met's first investigation into phone hacking, while News International was under criminal investigation.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Feb 28th, 2012 at 02:46:31 PM EST
[ Parent ]
A PR led LOOK AT THE HORSE offensive so the news isn't dominated by collusion with murder suspects and corruption

Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Feb 28th, 2012 at 02:47:40 PM EST
[ Parent ]
Twitter / @markthomasinfo: Met police so corrupt they ...
Met police so corrupt they are to be shut down completely and relaunched as the Police on Sunday.


Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Feb 28th, 2012 at 07:29:19 PM EST
[ Parent ]
Rebekah Brooks may have resigned, but she is apparently still being paid by NI

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Wed Feb 29th, 2012 at 02:45:33 AM EST
[ Parent ]
14 MPs are 'likely phone hack victims' - Press - Media - The Independent

The names of 14 current and former MPs and 10 peers have so far
been found in materials seized from private investigator Glenn Mulcaire
by police investigating phone-hacking, it was revealed today.

The officer in charge of the investigation told a parliamentary committee that, among those named, 14 MPs and four peers were "likely victims of phone-hacking".

Metropolitan Police deputy assistant commissioner Sue Akers, who is leading the Operation Weeting inquiry, said that all the individuals involved have been informed.

Ms Akers told the House of Commons Culture, Media and Sport Committee, which is carrying out its own investigation into hacking: "Our inquiries continue and there is a possibility that further MPs and peers may yet be identified and contacted.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Feb 28th, 2012 at 03:01:38 PM EST
[ Parent ]
Although that revelation yesterday added yet another interesting line of inquiry which I hope will bear fruit and lead to deep time prison sentences for some, another one looks particularly bad for Rupe

Liberal conspiracy - Tim Fenton - Murdoch's US troubles keep getting worse

Deadline Hollywood has revealed that the Met has advised Hollywood music agent Julie Colbert that her phone may have been hacked. Ms Colbert may not have been of interest to Rupe's troops, but one of her clients - singer Charlotte Church, who has just settled out of court for a sum rumoured to be not unadjacent to £500,000 - certainly was.

Ms Church had stayed at the Colbert house for some months as a means of putting some distance between herself and the pack of hacks and snappers that had been in constant pursuit back in the UK. Ms Colbert had travelled extensively between Los Angeles and London, so it's possible that her phone was hacked in the UK.

But Mulcaire's notes apparently contain several US numbers.

These include Ms Church's publicist Kevin Chiaramonte, who works out of New York, and that of Ms Colbert. As Bloomberg has diplomatically put it, "The presence of the U.S. phone numbers in Mulcaire's notes also may complicate the company's effort there to contain lawsuits".

We all know that the thumb of money lies heavily on the scales of justice, most especially for the owner of Faux Noose, but then again it certainly looks interesting


keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Wed Feb 29th, 2012 at 02:55:24 AM EST
[ Parent ]
See, ceebs was right, you're forgetting about the horse already. Look, over there, a horse.  a blond horse is missing.  ;-))

"Life shrinks or expands in proportion to one's courage." - Anaïs Nin
by Crazy Horse on Wed Feb 29th, 2012 at 02:58:52 AM EST
[ Parent ]
Cut to distraught stallion and tearful mare. "Please give us our filly back!"
by afew (afew(a in a circle)eurotrib_dot_com) on Wed Feb 29th, 2012 at 03:47:54 AM EST
[ Parent ]
there had to be a pony in there somewhere.

It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II
by eurogreen on Wed Feb 29th, 2012 at 04:12:47 AM EST
[ Parent ]
Germany approves second Greek bailout - Europe - World - The Independent

The German parliament approved the second bailout of Greece last
night, backing Chancellor Angela Merkel's call to support the
€130bn (£110bn) measure by 496 to 90 despite her admittance that
there was "no 100 per cent guarantee" it would be a success.

The vote was also passed despite widespread scepticism among the German electorate,



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Feb 28th, 2012 at 03:05:22 PM EST
[ Parent ]
Scourge of Pinochet is cleared over Franco case - Europe - World - The Independent

Baltasar Garzón, Spain's superstar human rights judge known for
taking on high-profile international cases, was acquitted yesterday
on charges of overstepping his jurisdiction by launching an
investigation into right-wing atrocities during and after the
Spanish Civil War.

Mr Garzón misinterpreted Spanish law but did not do so knowingly, the Supreme Court justices said in their 6-1 vote and 63-page ruling.

The ruling comes a month after he was barred from the bench for 11 years after being found guilty of similar charges in a separate domestic corruption probe. Mr Garzón has said he may appeal that cas



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Feb 28th, 2012 at 03:06:20 PM EST
[ Parent ]
Six killed in Russia apartments gas blast - Europe - World - The Independent

At least six people were killed and 12 others injured when part of a
nine-storey apartment building in southern Russia collapsed following a
natural gas explosion, officials said today.

Anzhelika Barinova, of Russia's Emergency Situations Ministry, said five people are still missing after the blast in Astrakhan, 800 miles south-east of Moscow, yesterday.

Today, several hundred rescuers were searching through the debris for victims.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Feb 28th, 2012 at 03:06:55 PM EST
[ Parent ]
Eurointelligence Daily Briefing: Another Irish referendum beckons
The Irish cabinet decided to hold a referendum on the ESM Treaty after receiving legal advice from the attorney general; the argument is that the treaty is outside the legal architecture of the EU; referendum is expected to take place in May or June; a No vote might mean that Ireland might not be eligible to receive funds under the ESM; polls show that a narrow majority favour to support the treaty; Ireland's main opposition party Fianna Fail says it will support the government in the Yes campaign; the German constitutional court strikes down a secret parliamentary committee to monitor the ESM; committee can only be used for secondary market bond purchases; the Bundestag must now set up a structures that is more transparent and representative; the Dutch parliament approved the second Greek loan programme; the Greek parliament approved cuts in defence, investment and pensions; the Greek cabinet also agrees to a 22% cut in the standard minimum wage to €751 per month; Jean-Claude Juncker says he wants a EU Commissioner with the special task of co-ordinating the Greek reconstruction efforts; the troika has completed a positive report on Portugal, paving the way for the next loan tranche; Vitor Gaspar says that he can reach the 4.5% deficit target for this year without further measures; ECB says Greek bonds are no longer acceptable as collateral for now; EFSF collateral scheme is not yet in place, as a result of which the gap is covered through recourse to the central banks' emergency liquidity assistance; Fitch gives an extreme sceptical assessment of the impact of the ECB's liquidity operations; the Dutch finance minister says an agreement to extend the ESM and the EFSF is likely by March or April; French opinion polls show Nicolas Sarkozy closing the polling in the first round, but Francois Hollande has a 10 point lead in the second round; Wolfgang Munchau, meanwhile, says that Spain would fall into a black hole if it tried to follow the EU's deficit target of 4.4% for this year.


There are three stories about the euro crisis: the Republican story, the German story, and the truth. -- Paul Krugman
by Migeru (migeru at eurotrib dot com) on Wed Feb 29th, 2012 at 03:47:19 AM EST
[ Parent ]
of opinion-poll data by geography : What is measured is proximity to an urban centre of 200 000 inhabitants or more.

Support for the three principal candidates in the French presidential election :

Dans la France péri-urbaine, le "survote" pour le Front national exprime une colère sourde - LeMonde.frIn French suburban areas, the "excess vote"for the  National Front expresses repressed anger - LeMonde.fr
L'IFOP, dans une étude que Le Monde publie en exclusivité, en fait la démonstration édifiante. Cette enquête se fonde sur les données cumulées de plusieurs sondages d'intentions de vote réalisés entre le 9 janvier et le 14 février. Au total, 8 052 électeurs ont été interrogés. Le principal résultat est le suivant: dans les zones situées à environ 50 km d'une aire urbaine de plus de 200 000 habitants, les trois favoris du premier tour de l'élection présidentielle - François Hollande, Nicolas Sarkozy et Marine Le Pen - obtiendraient quasiment les mêmes scores: autour de 25% chacun.IFOP, in a study that Le Monde publishes exclusively, demonstrates this. This survey is based on cumulative data from several surveys of voting intentions conducted between January 9 and February 14. In total, 8,052 voters were interviewed. The main result is as follows: in areas about 50 km of an urban area of ​​over 200,000 inhabitants, the three favorites in the first round of the presidential election% u2013 Francois Hollande , and Nicolas Sarkozy Marine Le Pen% u2013 would get virtually the same scores: around 25% each.


It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II
by eurogreen on Wed Feb 29th, 2012 at 03:57:54 AM EST
[ Parent ]
 ECONOMY & FINANCE 


Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Feb 28th, 2012 at 02:29:27 PM EST
BBC News - Barclays Bank told by Treasury to pay £500m avoided tax

Barclays Bank has been ordered by the Treasury to pay half-a-billion pounds in tax which it had tried to avoid.

Barclays was accused by HM Revenue and Customs of designing and using two schemes that were intended to avoid substantial amounts of tax.

The government has taken the unusual step of introducing retrospective legislation to end such "aggressive tax avoidance" by financial institutions.

Tax rules forced the bank to tell the authorities about its plans.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Feb 28th, 2012 at 02:39:50 PM EST
[ Parent ]
Damn straight. I guess that Barclays, unlike vodaphone,  didn't provide sufficient "satisfaction" for the boss of HMRC.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Wed Feb 29th, 2012 at 02:58:32 AM EST
[ Parent ]
Ryanair launches multimillion pound lawsuit against ExxonMobil | Business | The Guardian

Budget airline Ryanair is suing ExxonMobil, the world's second largest company, as part of a multimillion pound lawsuit alleging the oil group overcharged it for aviation fuel.

The London-listed carrier is claiming at least €9m (£7.6m) in compensation - plus an unspecified amount for lost profit - after the oil major allegedly ramped prices over a seven-year period, documents filed with London's high court reveal.

The claim, which equates to at least 2% of the airline's 2011 pre-tax profit, follows an Italian competition authority decision in 2006 ruling that Exxon and other aviation fuel suppliers in Italy had breached European competition rules.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Feb 28th, 2012 at 02:48:14 PM EST
[ Parent ]
Interview: Greece likely to need more debt reduction: expert - Xinhua | English.news.cn

Debt-laden Greece is likely to need another round of debt reduction, possibly on public bondholders, when its second bailout program expires in about five years, a researcher from the influential Brussels-based Bruegel think-tank said.

"The current debt reduction is likely to be insufficient," Zsolt Darvas, a research fellow at Bruegel, told Xinhua in an interview, referring to a bond swap with private creditors Greece launched last week to wipe some 100 billion euros (about 134 billion U.S. dollars) off its 350 billion euros debt pile.

DEBT REDUCTION NOT SUFFICIENT

Greek public debt is estimated to jump to 198 percent of its GDP this year from the current 160 percent, according to the European Commission. "Very high primary surplus would be needed to reduce this. My fear is there is a high chance of this reduction not being sufficient," said Darvas.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Feb 28th, 2012 at 03:00:09 PM EST
[ Parent ]
Spanish 2011 budget deficit at 8.5% of GDP - Europe - World - The Independent

Spain said today that its budget deficit for 2011 has come in at 8.5% of GDP, even worse than the new conservative government's own already pessimistic prediction.

The increase is likely to ratchet up the pressure on the government to take enact more austerity measures to get the deficit down to the stated goal of 4.4% of GDP for this year, unless it gets some relief from the EU in the form of an easier 2012 target.

The previous Socialist government had said the deficit would come in at around 6%.

After taking power in December, the conservatives raised the forecast to about 8%.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Feb 28th, 2012 at 03:03:51 PM EST
[ Parent ]
Picked up disturbing news in the passing. Said that ECB will not accept Greek debt as collateral anymore and orders the Grrek government to rescue Greek banks. Anyone seen a good source on this? Can Greece recapitalise its banks without leaving the euro? Is ECB actively pushing Greece to leave the euro?

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 Wed Feb 29th, 2012 at 04:36:11 AM EST
[ Parent ]
I think there is still contingency funding, and not accepting Greek debt is supposed to be temporary as it follows from the downgrade of Greece ratings to default status, which (again supposedly) is to be temporary until the PSI deal is finalized

The road of excess leads to the palace of wisdom - William Blake
by talos (mihalis at gmail dot com) on Wed Feb 29th, 2012 at 07:49:12 AM EST
[ Parent ]
ECB says Greek bond no longer acceptable as collateral

The news is unsurprising given the equally unsurprising downgrade of Greek bonds to selective default. The ECB will no longer accept Greek bonds as collateral until the debt exchange offer is complete. But there is a twist. It was previously thought that the gap would be plugged through EFSF-collateral, but this is apparently not the case. The ECB said any ensuing liquidity needs would have to be met through emergency liquidity assistance by national central banks. The FT writes that this highlights "eurozone authorities' slowness to put in place measures agreed to support the Greek debt exchange", as the promised support through the EFSF is not yet in place.

Eurointelligence, e-mail.

FT article (if you have access)

Telegraph article.

by afew (afew(a in a circle)eurotrib_dot_com) on Wed Feb 29th, 2012 at 07:53:23 AM EST
[ Parent ]
ECB Press Release: 28 February 2012 - Eligibility of Greek bonds used as collateral in Eurosystem monetary policy operations
The Governing Council of the European Central Bank (ECB) has decided to temporarily suspend the eligibility of marketable debt instruments issued or fully guaranteed by the Hellenic Republic for use as collateral in Eurosystem monetary policy operations. This decision takes into account the rating of the Hellenic Republic as a result of the launch of the private sector involvement offer.

At the same time, the Governing Council decided that the liquidity needs of affected Eurosystem counterparties can be satisfied by the relevant national central banks, in line with relevant Eurosystem arrangements (emergency liquidity assistance).

Marketable debt instruments issued or fully guaranteed by the Hellenic Republic will become in principle eligible upon activation of the collateral enhancement scheme agreed by the Heads of State or Government of the euro area on 21 July 2011, and confirmed on 26 October 2011, together with a number of other measures aimed at assisting Greece in its adjustment programme. This is expected to take place by mid-March 2012.



There are three stories about the euro crisis: the Republican story, the German story, and the truth. -- Paul Krugman
by Migeru (migeru at eurotrib dot com) on Wed Feb 29th, 2012 at 07:57:19 AM EST
[ Parent ]
FT Alphaville
That's €530bn with 800 bidders -- 277 more than participated last time, when the uptake was €489bn.

FT Alphaville

Taking into account funds rolled from shorter dated operations the net liquidity add is some 444.5bn. This is at the higher end of market expectations and should have a positive impact on risk assets especially when compared to the 193.4bn net liquidity add that was seen from December's LTRO1.

i.e. expect pumped up stock markets, oil price, and various carry trades, with all this practically free money sloshing around.

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

by eurogreen on Wed Feb 29th, 2012 at 06:17:41 AM EST
[ Parent ]
Credit Writedowns blog: Does the Money Multiplier Exist? (12 August 2010)
The Federal Reserve Board's Seth B. Carpenter and Selva Demiralp have a great paper out on the economics of bank reserves (hat tip FT Alphaville and Pragmatic Capitalism). The question: Does the Money Multiplier Exist? The short answer: yes, but only as an ex-post accounting identity!
Since 2008, the Federal Reserve has supplied an enormous quantity of reserve balances relative to historical levels as a result of a set of nontraditional policy actions.  These actions were taken to stabilize short-term funding markets and to provide additional monetary policy stimulus at a time when the federal funds rate was at its effective lower bound.  The question arises whether or not this unprecedented rise in reserve balances ought to lead to a sharp rise in money and lending.  The results in this paper suggest that the quantity of reserve balances itself is not likely to trigger a rapid increase in lending.  To be sure, the low level of interest rates could stimulate demand for loans and lead to increased lending, but the narrow, textbook money multiplier does not appear to be a useful means of assessing the implications of monetary policy for future money growth or bank lending.
Basically
Changes in reserves are unrelated to changes in lending, and open market operations do not have a direct impact on lending.


There are three stories about the euro crisis: the Republican story, the German story, and the truth. -- Paul Krugman
by Migeru (migeru at eurotrib dot com) on Wed Feb 29th, 2012 at 06:22:28 AM EST
[ Parent ]
Watched a short interview with National Bank director Ewald Nowotny on Austrian state TV.
He was asked about inflation fears after the ECB's recent actions. He basically said that yes, this is inflationary and can't be repeated very often. But don't fear! The ECB is unprecedentedly successful at fighting inflation and the vast majority of the money was used for paying back existing bank debt. Also the aim was to help the real economy. And it was a success.

Von überall könnte das Volk, Urbrut alles Undemokratischen, Zelle des Terrors, über die gewählten Hüter von Wachstum und Wohlstand® kommen. - flatter
by generic on Wed Feb 29th, 2012 at 09:02:57 PM EST
[ Parent ]
In the comments to Yanis Varoufakis' On the Political Economy of Eurozone Bailouts - The curious bargain of Greece's Hayekian neoliberals...

aliena

Hayek and Robbins can be seriously faulted for failing to take their own policy norm seriously: they failed to call for central banks to do what they could to counter the sharp monetary contraction and crushing deflation during 1930-33. Each later faulted himself. In a 1975 talk Hayek noted that "the inherent instability of credit" could turn a recession with extensive unemployment into a self-feeding deflationary contraction. He then commented (Hayek 1975, p. 5):
I am the last to deny - or rather, I am today the last to deny - that,in these circumstances, monetary counteractions, deliberate attempts to maintain the money stream, are appropriate.I probably ought to add a word of explanation: I have to admit that I took a different attitude forty years ago, at the beginning of the Great Depression. At that time I believed that a process of deflation of some short duration might break the rigidity of wages which I thought was incompatible with a functioning economy. Perhaps I should have even then understood that this possibility no longer existed. ... I would no longer maintain, as I did in the early `30s, that for this reason, and for this reason only, a short period of deflation might be desirable. Today I believe that deflation has no recognizable function whatever, and that there is no justification for supporting or permitting a process of deflation.
Hayek went on (pp. 12, 13) - in response to questions from Gottfried Haberler about whether more could have been done to prevent deflation in the 1930s - to reiterate his support for the norm of stabilizing nominal income, and to point out that this had always been his theoretical policy norm:
The moment there is any sign that the total income stream may actually shrink, I should certainly not only try everything in my power to prevent it from dwindling, but I should announce beforehand that I would do so in the event the problem arose.... You ask whether I have changed my opinion about combating secondary deflation. I do not have to change my theoretical views.

As I explained before, I have always thought that deflation had no economic function; but I did once believe, and no longer do, that it was desirable because it could break the growing rigidity of wage rates. Even at that time I regarded this view as a political consideration; I did not think that deflation improved the adjustment mechanism of the market.



There are three stories about the euro crisis: the Republican story, the German story, and the truth. -- Paul Krugman
by Migeru (migeru at eurotrib dot com) on Wed Feb 29th, 2012 at 07:20:30 AM EST
[ Parent ]
Even Hayek... wow...

As an aside, I'm sure the next battle will be over the definition of "deflation" - certainly in the UK the final word on economic policy seems to go to those who concentrate on disputing that.

by Metatone (metatone [a|t] gmail (dot) com) on Wed Feb 29th, 2012 at 11:13:23 AM EST
[ Parent ]
 WORLD 


Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Feb 28th, 2012 at 02:29:56 PM EST
BBC News - Syria unrest: UK's Conroy freed from besieged city

Injured British journalist Paul Conroy has been rescued from the Syrian city of Homs, but the whereabouts of French reporter Edith Bouvier remain unclear.

French President Nicolas Sarkozy has withdrawn an earlier statement that she was also safely in Lebanon.

The severely-injured Ms Bouvier is believed to have left Homs with Mr Conroy, but there are reports the rescue convoy was shelled.

The UN meanwhile says more than 7,500 people have now died in the crackdown.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Feb 28th, 2012 at 02:38:31 PM EST
[ Parent ]
BBC News - Pentagon: 9/11 victims' remains went to landfill

Partial remains of some victims of the 11 September attacks ended up in landfill, a Pentagon report has found.

Some small portions of unidentifiable remains from the Pentagon and the Pennsylvania field where a hijacked plane crashed in 2001 were given to a private contractor for disposal.

The US defence department report investigated practices at the military's Dover Port mortuary.

The fragments "could not be tested or identified," the review said.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Feb 28th, 2012 at 02:39:11 PM EST
[ Parent ]
BBC News - Stricken Costa cruise ship off Seychelles changes route

The Italian cruise ship left adrift with more than 1,000 people on board after a power failure now faces a longer journey before reaching land.

The Costa Allegra is being towed to the main island in the Seychelles, rather than a nearer island, and is not now due to arrive until Thursday.

A fire in the ship's generator room on Monday caused it to lose all power.

The ship is from the same fleet as the Costa Concordia, which capsized off the Italian coast in January, killing 32.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Feb 28th, 2012 at 02:40:44 PM EST
[ Parent ]
'Immediate ceasefire' urged in Syria - Middle East - Al Jazeera English

There needs to be an immediate humanitarian ceasefire in Syria, the UN human rights chief has declared, saying the situation has deteriorated rapidly as the Syrian government steps up its onslaught against the opposition.

Navi Pillay's remarks at an emergency session of the UN Human Rights Council (UNHRC) in Geneva, Switzerland, came amid unconfirmed reports that French reporter Edith Bouvier and British photographer Paul Conroy, wounded in Syrian army attacks on Homs, have both been smuggled to safety in neighbouring Lebanon.

Pillay, the UN High Commissioner for Human Rights, said during Tuesday's debate that the world has to take action to prevent Syrian security forces from continuing their bombardments and other attacks against civilians, which she said had resulted in "countless atrocities".



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Feb 28th, 2012 at 02:50:08 PM EST
[ Parent ]
China urged to stop sending back N Koreans - Asia-pacific - Al Jazeera English

South Korean activists have gathered outside the Chinese embassy in Seoul to protest against the country's policy of repatriating North Korean defectors.

China does not usually recognise North Korean refugees and regularly sends them back across the border.

The activists urged China on Tuesay to stop sending back defectors as they could face harsh punishment, including torture and execution, in North Korea.

At the same time, rights group Amnesty International said in a statement that nine people had just been sent back across the border, expressing fear for their well-being.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Feb 28th, 2012 at 02:52:40 PM EST
[ Parent ]
Senegal's Wade braced for runoff vote - Africa - Al Jazeera English

Senegal's presidential election will go to a second-round runoff, the campaign spokesman for Abdoulaye Wade has said after partial results showed the incumbent president well short of an absolute majority.

Unofficial tallies reported since voting finished on Sunday night show Wade leading and Macky Sall, a former prime minister, close behind, suggesting the two will face each other in a second round runoff, expected to take place between March 18 and April 1.

"The results that we have clearly indicate that there will be a second round. We don't need to be told it," Amadou Sall, the Wade spokesman, said on Tuesday.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Feb 28th, 2012 at 02:53:05 PM EST
[ Parent ]
Death toll rises in Cleveland area shooting - Americas - Al Jazeera English

Another student has died from wounds suffered in Monday's shooting rampage at a high school in the state of Ohio, authorities say, as the shaken suburban Cleveland town prepares a vigil for the teenage victims.
 
Demetrius Hewlin was declared dead on Tuesday morning, a spokesman at a local hospital said.

With the death of Hewlin, two students are now dead, another one has been listed as brain dead and two remain hospitalised from bullet wounds suffered in the attack at Chardon High School, east of Cleveland.

The suspect being held in the shootings is also a student.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Feb 28th, 2012 at 02:53:42 PM EST
[ Parent ]
Iran could allow UN inspection of suspected nuclear test sites, IAEA envoy says - Haaretz Daily Newspaper | Israel News

Iran does not rule out the possibility of allowing UN inspectors to examine site suspected of nuclear weapons activity, Iranian envoy to the International Atomic Energy Agency said in an interview to Russian television late Monday.

On Tuesday, Iran's foreign minister said Tuesday that the Islamic Republic expected talks with the United Nations nuclear watchdog to continue, adding that it was optimistic that said negotiations would proceed in the right direction.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Feb 28th, 2012 at 02:56:29 PM EST
[ Parent ]
Iran prepared for threats: defense minister - Xinhua | English.news.cn

ranian Defense Minister Brigadier General Ahmad Vahidi reiterated Tuesday that Iran is prepared for foreign threats.

Vahidi underlined Iran's preparedness to confront any possible aggression and said that the enemies are not aware of Iran's defense capabilities since the country has some top secret abilities for hard days, the semi-official Fars news agency reported.

"The Islamic republic of Iran has many hidden capabilities which are kept for rainy days," Vahidi told Fars on Tuesday, "We have not yet revealed all our capabilities."



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Feb 28th, 2012 at 02:58:31 PM EST
[ Parent ]
NATO chief rules out intervention in Syria, Iran - Xinhua | English.news.cn

NATO chief Anders Fogh Rasmussen said here on Tuesday that the military alliance has no intention to intervene in Syria or Iran.

"It's important for me to stress that NATO has no intention whatsoever to intervene in Syria," the NATO secretary-general said at a press conference in Washington.

Stating that NATO is monitoring the situation closely and strongly condemns what is going on in Syria, Rasmussen said: "The only way forward in Syria is to accommodate the legitimate aspirations of the Syrian people, and introduce freedom and democracy."



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Feb 28th, 2012 at 02:59:07 PM EST
[ Parent ]
Detroit News
In a tight race against former Massachusetts Gov. Mitt Romney, Santorum lost the overall state vote.

He also lost to Romney by one vote in Mackinac County in the state's Upper Peninsula. Romney garnered 667 votes to Santorum's 666 -- a number cited in the Bible's book of Revelations that is associated with the Antichrist.

by gk (g k quattro due due sette "at" gmail.com) on Wed Feb 29th, 2012 at 03:32:12 AM EST
[ Parent ]
667, the neighbour of the beast

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Wed Feb 29th, 2012 at 03:54:10 AM EST
[ Parent ]
He's not so beastly really, though he does have noisy parties

It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II
by eurogreen on Wed Feb 29th, 2012 at 03:58:49 AM EST
[ Parent ]
I once owned a book of that title, though I never read it.
by Zwackus on Thu Mar 1st, 2012 at 04:38:50 AM EST
[ Parent ]
On the song "My neighbourhood" by Space they got Santorum right

In 666 there lives a Mr Miller, He's our local vicar and a serial killer


keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Wed Feb 29th, 2012 at 08:57:14 AM EST
[ Parent ]
Times of India
Mahatma Gandhi has been baptised in proxy by a US church, drawing sharp reaction from his grandson and others.

Gandhi was baptised by the Church of Jesus Christ of Latter-day Saints (LDS), headquartered in Salt Lake City in Utah on March 27, 1996; the confirmation of which was completed on November 17, 2007 at Sao Paulo Brazil Temple, according to researcher Helen Radkey.

What effect does this have on reincarnation?
by gk (g k quattro due due sette "at" gmail.com) on Wed Feb 29th, 2012 at 04:48:39 AM EST
[ Parent ]
reborn into a family with strange(r) wonderpants, i guess.

what it does do is highlight prettily how mormonism is a fruitcake religion with ambitions to dominate the converted souls market.

dividends are unclear, although they may involve presidentition.

"We can all be prosperous but we can't all be rich." Ian Welsh

by melo (melometa4(at)gmail.com) on Wed Feb 29th, 2012 at 06:16:39 AM EST
[ Parent ]
Daniel Pearl has also become a Mormon....
by gk (g k quattro due due sette "at" gmail.com) on Wed Feb 29th, 2012 at 07:14:07 AM EST
[ Parent ]
Wyoming lawmaker introduces doomsday bill | MSNBC
Fearing an economic and political collapse nationwide, Wyoming lawmakers are moving ahead with legislation to deal with a doomsday scenario -- complete with plans to create a state currency.

[...]

The Wyoming House of Representatives advanced the legislation on Monday, but eliminated language calling for plans to implement its own military draft, army and acquire an aircraft carrier.

Need I point out that the bill was introduced by a Republican? I don't know who removed the aircraft carrier.
by gk (g k quattro due due sette "at" gmail.com) on Wed Feb 29th, 2012 at 10:06:59 AM EST
[ Parent ]
 LIVING OFF THE PLANET 
 Environment, Energy, Agriculture, Food 


Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Feb 28th, 2012 at 02:30:37 PM EST
Japan leaders 'played down nuclear crisis' - Asia-Pacific - Al Jazeera English

Japanese leaders did not know the extent of the damage in the wake of the nuclear crisis after the massive quake and tsunami hit the Pacific nation even as they tried to play down the risk in public, an independent investigation is set to report.

Naoto Kan, the then-prime minister, and his staff began referring to a worst case scenario that could threaten Japan's existence as a nation around three days after the quake-triggered tsunami on March 11, and even secretly considered evacuating the capital, Tokyo, the report by the Rebuild Japan Initiative Foundation said on Tuesday.

Kan ordered workers to remain at the tsunami-crippled Fukushima nuclear plant as fears mounted of a "devil's chain reaction" that would force tens of millions of people to flee Tokyo, the report says.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Feb 28th, 2012 at 02:52:15 PM EST
[ Parent ]
Donald Trump promises £10m to fight wind farm construction in Britain - Green Living - Environment - The Independent

Fresh from a dispute with environmentalists over his golf resort on the Aberdeenshire coast, the billionaire Donald Trump has revealed plans to hand £10m to anti-wind farm campaigners.

The American property tycoon has become vociferous in his opposition to wind farms since plans were revealed for 11 turbines to be built off the coast from his £750 million complex of holiday homes, hotels and golf courses.

In a letter to the first minister Alex Salmond, Mr Trump blasted the "horrendous machines", and claimed he could win a "very large lawsuit" if he were to challenge their construction.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Feb 28th, 2012 at 03:26:45 PM EST
[ Parent ]
by afew (afew(a in a circle)eurotrib_dot_com) on Tue Feb 28th, 2012 at 03:43:42 PM EST
[ Parent ]
Picky :-)

Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Feb 28th, 2012 at 04:10:21 PM EST
[ Parent ]
Don't you think Trump means Fart?
by afew (afew(a in a circle)eurotrib_dot_com) on Tue Feb 28th, 2012 at 04:28:15 PM EST
[ Parent ]
Oh I know it does

Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Feb 28th, 2012 at 04:36:26 PM EST
[ Parent ]


It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II
by eurogreen on Wed Feb 29th, 2012 at 02:15:43 AM EST
[ Parent ]
Well, he's always blowing his own trumpet

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Wed Feb 29th, 2012 at 03:09:40 AM EST
[ Parent ]
by Wife of Bath (kareninaustin at g mail dot com) on Wed Feb 29th, 2012 at 12:31:48 AM EST
[ Parent ]
Monsanto already had a relatively fast track for GMOs right from the start since the FDA's political decision twenty or so years ago on "substantial equivalence". I guess it wasn't fast enough.
by afew (afew(a in a circle)eurotrib_dot_com) on Wed Feb 29th, 2012 at 02:19:37 AM EST
[ Parent ]
Similar enough not to need to be tested, different enough to get patents. Goldilocks approves of this IP!

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 Wed Feb 29th, 2012 at 04:40:23 AM EST
[ Parent ]
excludes UK firms from offshore wind boom.

UK misses out as foreign firms and workers do bulk of windfarm work | Environment | The Guardian

Britain is leading the world in the building of windfarms off its coastline but the "green revolution" appears to be largely working in favour of foreign firms.

The Danish operator of the world's biggest offshore windfarm, off Cumbria is the latest to come under fire for favouring foreign suppliers and allegedly providing "negligible" work or services to local UK companies.

Dong Energy opened the Walney scheme on 9 February boasting it had erected more than 100 turbines in double quick time and had broken other records by bringing in foreign investors.

But John Woodcock, Labour MP for Barrow-in-Furness where the formal opening of Walney took place, blamed ministers as well as companies, saying they had taken their eye off the ball.

"The impact here has been fairly negligible. The Danish company has been using its own trusted suppliers on shipping contracts and other supply deals. This is not how Ed Miliband [as Labour energy secretary] envisaged it. We need a level playing field so that British companies can win a share of the action."

France is coming late to the party, but is avoiding this Anglo-Saxon blunder.

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

by eurogreen on Wed Feb 29th, 2012 at 04:40:39 AM EST
[ Parent ]
Drive-by comment:

of course this is true. the offshore wind sector has developed of necessity transport, construction and installation sectors which involve highly skilled labor (among other components). These skills, and more importantly experience, can't just be picked out of the air.

If i'm building a UK windplant offshore, with the risk levels involved, i'm going to use experienced crews. Much of those crews, and the ships, came from the oil and gas sector. The Uk does have the foundation in place, but the current expertise came from Dutch and Danish companies.

Germany recognized the problem, and there are several training and certification centers, where those with onshore experience can be upleveled to offshore requirements. There are also companies who build up the necessary skills in the workforce, and gradually become part of the existing sector.

The UK will get there too. But you have to have the program in place, or you won't.

REETEC (there's an english version also)

WindGuard

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

by Crazy Horse on Wed Feb 29th, 2012 at 06:34:16 AM EST
[ Parent ]
Of course, he doesn't mention that the labour party had 17 years to lock this stuff in place, but somehow dropped the ball

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Wed Feb 29th, 2012 at 08:56:19 AM EST
[ Parent ]
 LIVING ON THE PLANET 
 Society, Culture, History, 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 Tue Feb 28th, 2012 at 02:31:36 PM EST
Union leader threatens public sector strikes to disrupt London Olympics | Politics | The Guardian

Employees should consider using strike action to disrupt the Olympics as part of their campaign against the government's spending cuts, the leader of Britain's biggest union has declared.

In an interview with the Guardian, Len McCluskey, the leader of Unite, said attacks on public sector workers were "so deep and ideological" that targeting the Games would be justified. The call came as the RMT union increased the pressure on the capital's mayor, Boris Johnson, over delivering a strike-free event by declaring a formal dispute after rejecting an Olympics pay deal for London Underground staff.

"If the Olympics provide us with an opportunity, then that's exactly one that we should be looking at," said McCluskey. He also said that any attempt by ministers to tighten anti-strike legislation would lead to unions deliberately breaking the law. Government plans to cut the value of public sector pensions prompted the biggest strike for three decades in November last year. Although some unions have scaled back their opposition to the proposals, McCluskey said industrial action would "drag on and on" and that it would involve "all forms of different protest and action".



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Feb 28th, 2012 at 02:48:45 PM EST
[ Parent ]
they could just occupy the special VIP car lanes, that'd bugger things right up

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Wed Feb 29th, 2012 at 03:16:32 AM EST
[ Parent ]
Interpol website suffers 'Anonymous cyber-attack' | Technology | The Guardian

Interpol's website appears to have been the victim of a cyber-attack after the international police agency announced the arrests of 25 suspected members of the hacking activist group Anonymous in Europe and South America.

The website went down briefly on Tuesday as supporters of Anonymous made online claims that it had been targeted following the arrests in Argentina, Chile, Colombia and Spain. It was quickly back up and running but was loading slowly.

Not just the web site.

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

by eurogreen on Wed Feb 29th, 2012 at 04:26:58 AM EST
[ Parent ]
Shame works on bankers, MPs and tabloids, however immune they seem | Gaby Hinsliff | Comment is free | The Guardian

What unites the extremely rich and the extremely poor is a certain detachment from the mainstream world. As Emma Harrison, the government's former welfare tsar, used to say, before quitting amid allegations of fraud in her own company: if you live on an estate where virtually nobody works then living on benefits feels normal. But inside the bubble of the super-rich it's equally easy to start believing that the top 1% really are overtaxed enough to justify some creative accounting, or that laws are for little people. The higher you rise, the more you lose sight of other people's reality.

And it isn't just riches that insulate us from shame. In an increasingly stratified society, well-paid professionals mingle mostly with other like-minded professionals in cosy, self-reinforcing circles. Recent failures of self-regulation in banking, politics and journalism reflect the inability of professions distinguished by close-knit camaraderie - and the shared belief that outsiders don't really understand - to realise that what looks normal to them looks wrong from a different perspective. But such charmed circles can be broken.



It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II
by eurogreen on Wed Feb 29th, 2012 at 10:03:47 AM EST
[ Parent ]
The Atlantic: The Collapse of Print Advertising in 1 Graph

Call it creative if you want, but this is what economic destruction looks like. Print newspaper ads have fallen by two-thirds from $60 billion in the late-1990s to $20 billion in 2011.

There is a direct feedback with print newspaper circulation, because ad rates are based on numbers of 'contacts' (not just how many papers sold, but how many people read each one sold). When your contact numbers go down, you have to drop your rates in the market. And it very easily spirals downwards if management is slow to react. As they do.

You can't be me, I'm taken

by Sven Triloqvist on Wed Feb 29th, 2012 at 11:28:49 AM EST
[ Parent ]
 PEOPLE AND KLATSCH 


Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Feb 28th, 2012 at 02:32:11 PM EST
Wylie Vale - Telegraph

The hunt for the trigger mechanism for the activation of stress hormones such as adrenalin and cortisol had been on for many years before Vale finally cracked the problem, and the significance of the discovery was far more than merely academic.

Stress hormones are implicated in a range of common diseases and conditions, including hypertension, cardiac arrhythmias and vascular problems, obesity, diabetes, addiction and even Alzheimer's disease.

Finding the "on-off switch" therefore offered hope of developing drugs to block or moderate the stress response. While the existence of such a switch in the hypothalamus had been suggested in the 1950s, the substance involved was present in such tiny quantities that researchers had not been able to obtain enough to determine its molecular structure.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Feb 28th, 2012 at 03:09:00 PM EST
[ Parent ]
Red Holloway - Telegraph

James Wesley Holloway was born on May 31 1927 at Helena, Arkansas, into a musical family; his mother was a pianist, his father played the violin. His parents separated when he was a small child and his mother took him to live with her in Chicago . When his stepfather presented him with a tenor saxophone at the age of 12 he took to it immediately. He attended DuSable High School, famous as a breeding ground of musical talent -- its alumni include Nat King Cole and Dinah Washington .

Holloway began playing professionally while still at school, in a big band led by the bassist Eugene Wright at the Parkway Ballroom. Drafted into the forces at 19, he served as a bandmaster in the US Fifth Army, and on his release returned to a busy professional life in Chicago. He often led his own small bands, and worked regularly as a session musician in the recording studios.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Feb 28th, 2012 at 03:09:40 PM EST
[ Parent ]


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