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European Salon de News, Discussion et Klatsch - 17 May

by dvx Wed May 16th, 2012 at 03:05:16 PM EST

 A Daily Review Of International Online Media 


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1946 - birth of Udo Lindenberg, German pop music survivor.

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The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman

by dvx (dvx.clt ät gmail dotcom) on Wed May 16th, 2012 at 03:06:02 PM EST
Finely balanced French cabinet announced | News | DW.DE | 16.05.2012

New French Prime Minister Jean-Marc Ayrault named his first cabinet, a fine balance of women and men across the political spectrum.

French Prime Minister Jean-Marc Ayrault has completed his first task and named the new Cabinet. Laurent Fabius, a former prime minister, is to be the new foreign minister. Pierre Moscovici, President Francois Hollande's campaign director and a former minister for European affairs, will become finance minister.

Jean-Yves Le Drian, a friend of Hollande's, will lead the defense ministry. Hollande's campaign communications director Manuel Valls was named interior minister. Hollande also chose close ally Michel Sapin as labour minister and placed Arnaud Montebourg in charge of reindustrialisation.

The appointments were, as promised, a balance of gender parity but the important posts went to men. The 17 women appointed include justice minister Christiane Taubira, culture minister Aurélie Fillippetti, health and social affairs minister Marisol Touraine and ecology minister Nicole Bricq. Najat Vallaud-Belkacem, a 34-year-old Franco-Moroccan councillor in Lyon becomes government spokeswoman and minister for women's rights.



The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed May 16th, 2012 at 03:14:56 PM EST
[ Parent ]
Note that Martine Aubry is not in there. The story goes that she refused a ministry (whichever) if she was not to be PM. She also says she will very shortly leave her position as secretary general of the PS.

Another who "preferred" not to be in the government is François Rebsamen, a centrist friend and solid supporter of Hollande. Looks to me like this means Rebsamen is lined up to be PS sec-gen after Aubry leaves.

Cursor moving rightwards.

by afew (afew(a in a circle)eurotrib_dot_com) on Wed May 16th, 2012 at 05:52:39 PM EST
[ Parent ]
To re-ask an old question: Is Aubry really in any substantial way considered to be on the left (the left of the PS, that is)?
by IM on Wed May 16th, 2012 at 07:22:34 PM EST
[ Parent ]
More than Hollande, and more pugnacious in her approach.

The PS "lefties" who have entered the government are Arnaud Montebourg, who gets a big ministry with Industry (renamed "Productive Recovery"!), and Benoît Hamon (under-minister at Economy and Finance in charge of Social and Solidaire (no English word) Economy). One might include Vincent Peillon (Education) since he was with the latter two in the Nouveau Parti Socialiste that campaigned for the Non to Lisbon in 2005, though he seems to have recentred since.

An interesting inclusion is Pascal Canfin of EELV (Development, ie of French-influenced former colonies), MEP and journalist specialised in economy and finance, and one of the initiators of Finance Watch.

by afew (afew(a in a circle)eurotrib_dot_com) on Thu May 17th, 2012 at 02:37:47 AM EST
[ Parent ]
Arnaud Montebourg, who gets a big ministry with Industry (renamed "Productive Recovery"!)

There is no such thing as industrial policy in this brave new world, you silly.

guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper

by Migeru (migeru at eurotrib dot com) on Thu May 17th, 2012 at 03:51:53 AM EST
[ Parent ]
Merkel dismisses Environment Minister Röttgen | News | DW.DE | 16.05.2012

Chancellor Angela Merkel has announced that Norbert Röttgen has been dismissed from his post, days after an embarrassing defeat in crucial state elections.

Chancellor Angela Merkel called a press conference in Berlin Thursday to announce that Environment Minister Norbert Röttgen had been dismissed from his federal post. Peter Altmaier, a close ally of the Chancellor's, is set to take over the role.

Röttgen was party chairman in North Rhine-Westphalia until the weekend election, but quit that post soon after the CDU recorded their worst-ever result in Germany's most populous state.

Late on Sunday, when quitting his regional post, Röttgen had said: "It is an unmistakable, clear defeat that we have suffered today. The defeat is bitter, it's clear, and it really hurts all of us - obviously including me."



The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed May 16th, 2012 at 03:15:03 PM EST
[ Parent ]
... hurts my ambitions to succeed Angela Merkel as Chancellor."

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
by BruceMcF (agila61 at netscape dot net) on Wed May 16th, 2012 at 10:30:25 PM EST
[ Parent ]
Greeks prepare for another trip to the polls | Europe | DW.DE | 16.05.2012

Greece is to have another election, following the failure of last-ditch attempts to form a coalition government. The Radical Left may be in a position to increase its share of the vote.

A senior judge took charge of an emergency government in Athens on Wednesday. With no political decision-making power, Panagiotis Pikrammenos will lead the country to new elections scheduled for June 17.

The next election will place different demands on the participants. The political parties must finally adopt clear positions on the issues at hand and come up with pragmatic solutions, according to the political scientist Manolis Kottakis in a recent television interview.

In the last election voters simply closed their eyes to the urgent need for debate over the issue. It is a debate, Kottakis said, can no longer be ignored.



The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed May 16th, 2012 at 03:15:19 PM EST
[ Parent ]
BBC News - Greek Syriza leader Tsipras attacks EU and Merkel

Greek left-wing leader Alexis Tsipras has accused the EU and German Chancellor Angela Merkel of "playing poker with European people's lives" by insisting on austerity measures.

Mr Tsipras' Syriza bloc is predicted to come first in new elections called for 17 June. Syriza wants to renegotiate Greece's international bailout.

At least 700m euros (£560m; $890m) was withdrawn from Greek banks in the week until Monday, the Greek president said.

But there are no signs of a bank run.



The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed May 16th, 2012 at 03:15:29 PM EST
[ Parent ]
There was a lot of misinformation yesterday from foreign press and got a lot of play especially in Portugal (I wonder why....) that there was an actual bank run and a tecnical decision by the ECB was translated as a definitive refusal to recapitalize 4 Greek banks.
by Euroliberal on Thu May 17th, 2012 at 05:09:21 AM EST
[ Parent ]
Playing poker is literal. A Spanish Professor of Economics said two days ago than in the City there was financial one who played that Spain would be intervened to 300% at that time. And gave the example of the roulette for explain the phenomenon.
by PerCLupi on Thu May 17th, 2012 at 06:49:40 AM EST
[ Parent ]
  1. Those in power will do everything they can to make things go to hell.

  2. Those in power will say anything to scare the public.

  3. The Greek population is stupid and cowardly and will cave.

My predictions. Let's watch.

The good news ... it's only a life sentence. You eventually leave this planet of idiots.
by THE Twank (yatta blah blah @ blah.com) on Thu May 17th, 2012 at 06:36:54 AM EST
[ Parent ]
Macedonia on trial for human rights abuses in US post-9/11 rendition case | World news | The Guardian

Europe's human rights court began hearing the first case arising from the US's post-9/11 rendition programme on Wednesday, when the government of Macedonia went on trial accused of multiple human rights abuses of a German citizen.

Khaled el-Masri, 48, a car salesman of Lebanese descent, was detained in Macedonia in December 2003 and held for more than three weeks in Skopje, before being handed to CIA officers who flew him to Afghanistan, where he was allegedly tortured for the next five months.

The CIA appears to have realised it had made a mistake: it had been looking for another man of the same name. El-Masri was then flown from Afghanistan to Albania and abandoned by the side of a road in a mountainous area, with no means of returning home.

The grand chamber of the European court of human rights in Strasbourg began hearing a case brought by el-Masri's lawyers which alleges a breach of his European Convention rights to liberty and freedom from torture.



The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed May 16th, 2012 at 03:15:48 PM EST
[ Parent ]
Germany to give long term military aid to Afghanistan | News | DW.DE | 16.05.2012

Germany has pledged ongoing annual aid to the Afghan security forces after western troops withdraw from the country in 2014.

On his way to the NATO summit in Chicago this weekend, Afghan President Hamid Karzai met with Chancellor Angela Merkel in Berlin. Germany pledged 150 million euros (190 million dollars) in annual aid to the Afghan security forces after western troops withdraw from the country in 2014.

Signing the agreement on Wednesday that secures German funding for security training in Afghanistan after 2014 Merkel said: "This shows we are committed to Afghanistan in the long term." Germany's engagement in Afghanistan is "not just words," Merkel added. "Afghanistan's fate is close to our heart."

Karzai said he estimates Afghanistan will need 3.21 billion euros annually to run its security services, of which it could pay 392 million euros itself and possibly more as its economy strengthens. Further pledges are expected at the NATO summit in Chicago on Sunday and Monday.



The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed May 16th, 2012 at 03:16:09 PM EST
[ Parent ]
Genocide trial opens against Ratko Mladic | News | DW.DE | 16.05.2012

The trial of Ratko Mladic at the International Criminal Tribunal for the former Yugoslavia in The Hague began on Wednesday, with the Bosnian Serb facing 11 counts of genocide, war crimes and crimes against humanity.

Mladic, a former general, is accused of masterminding the week-long massacre of 8,000 Muslim men and boys in Srebrenica during the Balkan wars of the 1990s. The killing is considered Europe's worst atrocity since World War II.

The systematic slaughter of unarmed men and boys took place in the presence of UN peacekeepers who were supposed to be enforcing a "safe haven."

"Ratko Mladic assumed the mantle of the criminal goal of ethnically cleansing Bosnia," prosecutor Dermot Groome told the judges at the Yugoslav war crimes court in The Hague.



The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed May 16th, 2012 at 03:16:20 PM EST
[ Parent ]
Protesters dispersed from Moscow park - Europe - Al Jazeera English

Russian riot police have dispersed an Occupy-style protest against President Vladimir Putin, forcing dozens of people out of central Moscow park, where they had been camped for more than a week.

The action against the sit-in was the latest step in a government crackdown on protests over Putin's return to the presidency on May 7 for a six-year term following four years as prime minister.

Police converged on the site at Chistiye Prudy Park early on Wednesday and told about 50 people who had spent the night there to leave, citing a court order issued on Tuesday requiring them to clear the area.

Police clashed with demonstrators, beating some on the head with batons in the worst violence since a wave of protests prompted by suspicions of fraud in a December parliamentary vote.



The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed May 16th, 2012 at 03:49:10 PM EST
[ Parent ]
@economistmeg
Lorenzo Bini Smaghi explains why the troika can't blink in the face off with Greece http://t.co/keVdzE8o


guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper
by Migeru (migeru at eurotrib dot com) on Wed May 16th, 2012 at 06:24:00 PM EST
[ Parent ]
Eurointelligence Daily Briefing: ECB pulls plug on Greek banks (or how to start a bank run)
ECB says it is not lending to under-capitalised institutions, as it seeks to protect its own balance sheet; ECB did not say which banks are affected; those that are now put on Emergency Liquidity Assistance, under which banks borrow from the national central banks at higher rates; Draghi hinted that the integrity of the ECB's balance sheet has a higher priority than the integrity of the eurozone; Robert Zoellick warned of a contagion of the crisis to Spain and Italy; Christine Lagarde warned a Greek exit would be a cataclysmic event for the global economy; Lorenzo-Bini Smaghi said a Greek exit would require a policy response of similar determination than the US response after the Lehman collapse; Wolfgang Munchau says a Greek exit would require an immediate fiscal and banking union; Angela Merkel unceremoniously fires her environment minister, the losing candidate in the North-Rhine Westphalia state elections; she replaced him with Peter Altmaier, the parliamentary whip who has been crucial in lining up support for her eurozone policies; Nikolaus Blome says the move represents strength; Roland Nelles says the move represents weakness as the party is running out of high-calibre talent; Francois Hollande announces cabinet: Pierre Moscovici gets finance, Laurent Fabius gets foreign; Martine Aubry gets nothing: she wanted to be PM, or nothing; PM Jean-Marc Ayrault said all ministers who lose at the forthcoming parliamentary elections will have to quit; David Cameron and Mervyn King, meanwhile, warn that the eurozone may be about to unravel.


guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper
by Migeru (migeru at eurotrib dot com) on Thu May 17th, 2012 at 03:42:42 AM EST
[ Parent ]
The main story yesterday is that the ECB has temporarily pulled the plug on lending to some Greek banks to limit its own risk. The affected banks can no longer offer assets to the ECB as collateral for loans, and would have to seek costlier emergency financing from the Bank of Greece.   It was not immediately clear which banks, or how many of them, were affected. Reuters quoted one person familiar with the matter said the capital of four Greek banks was so low they were operating with negative equity.  
And they did this without temporarily suspending (e.g., by taxing it) the free flow of capital out of Greece's borders?
Bloomberg quotes an ECB official saying that the ECB can only lend to sound banks and therefore won't allow undercapitalized institutions to access its refinancing operations.  "Pending the recapitalization of Greek banks that are severely undercapitalized as a result of the" debt restructuring, some "have been moved to Emergency Liquidity Assistance," said ECB said. The so-called ELA is emergency support national central banks can provide to lenders with ECB approval.

The move comes after Draghi acknowledged for the first time that Greece could leave the monetary union. While the ECB's "strong preference" is that Greece stays in the 17-nation euro area, the ECB will continue to preserve "the integrity of our balance sheet," Draghi said in a speech in Frankfurt yesterday.



guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper
by Migeru (migeru at eurotrib dot com) on Thu May 17th, 2012 at 03:53:51 AM EST
[ Parent ]
Migeru:
The main story yesterday is that the ECB has temporarily pulled the plug on lending to some Greek banks to limit its own risk.

Is this one of those zen things where failing to understand is itself an indication of understanding?

The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman

by dvx (dvx.clt ät gmail dotcom) on Thu May 17th, 2012 at 05:18:10 AM EST
[ Parent ]
Do you mean you're having a WTF moment and wonder whether that means you're enlightened?

guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper
by Migeru (migeru at eurotrib dot com) on Thu May 17th, 2012 at 05:57:25 AM EST
[ Parent ]
Enlightenment-wise, I am but a humble seeker on the stony path to truth.

Otherwise, um, yeah.

The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman

by dvx (dvx.clt ät gmail dotcom) on Thu May 17th, 2012 at 07:12:09 AM EST
[ Parent ]
Embrace the absurd, like Camus' Sisyphus.

guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper
by Migeru (migeru at eurotrib dot com) on Thu May 17th, 2012 at 07:26:53 AM EST
[ Parent ]
So, there are no firewalls, there are only political decisions.
by Upstate NY on Thu May 17th, 2012 at 08:41:53 AM EST
[ Parent ]
I'd say that it was Tsipras who pulled the plug on Greek banks, not the ECB. It was not Draghi who withdraw 800 million € on Monday. Tsipras and SYRIZA say they want to remain in the EU, but their actions are going on an opposite direction. This state of affairs is not going to last another month; SYRIZA may win the election but destroy what is left of the economy in the meantime. Tsipras and SYRIZA were caught on what someone once called the "vertigo of power".

Vencit omnia veritas.
by Luis de Sousa (luis[dot]a[dot]de[dot]sousa[at]gmail[dot]com) on Thu May 17th, 2012 at 04:25:17 AM EST
[ Parent ]
Nonsense. When did the Greek bank run begin? Can you even make out 700 Million on the vertical axis of this chart?

Jerome actually called this thing "seepage, not a bank run". As if in the age of online banking you need queues in front of banks to have a run. Yesterday somebody called it "a bank jog". Spanish banks have been put into receivership for losing 10% of deposits over 18 months. Greek banks have lost 30% of deposits over 3 years and they're being kept on ELA and people are now beginning to worry about capital flight out of Greece? It's a travesty.

See here, here

here
and links therein.

guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper
by Migeru (migeru at eurotrib dot com) on Thu May 17th, 2012 at 04:34:27 AM EST
[ Parent ]
How important is this decision? I suppose the Greek central bank can still provide liquidity?
Is this telling us anything except that the ECB wants Greece to be afraid?

Von überall könnte das Volk, Urbrut alles Undemokratischen, Zelle des Terrors, über die gewählten Hüter von Wachstum und Wohlstand® kommen. - flatter
by generic on Thu May 17th, 2012 at 10:07:54 AM EST
[ Parent ]
The Emergency Liquidity Assistance is (er, was) provided by the Greek Central Bank as part of the Eurosystem. In this sense there is no distinction between the Greek and the European central banks.

guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper
by Migeru (migeru at eurotrib dot com) on Thu May 17th, 2012 at 11:24:49 AM EST
[ Parent ]
those that are now put on Emergency Liquidity Assistance, under which banks borrow from the national central banks at higher rates;

is what the Eurointelligence link said. I read this as those banks who won't get liquidity from the ECB now have to draw on ELA as provided by the GCB. Am I wrong?

Von überall könnte das Volk, Urbrut alles Undemokratischen, Zelle des Terrors, über die gewählten Hüter von Wachstum und Wohlstand® kommen. - flatter

by generic on Thu May 17th, 2012 at 11:35:02 AM EST
[ Parent ]
You're right:
The main story yesterday is that the ECB has temporarily pulled the plug on lending to some Greek banks to limit its own risk. The affected banks can no longer offer assets to the ECB as collateral for loans, and would have to seek costlier emergency financing from the Bank of Greece.   It was not immediately clear which banks, or how many of them, were affected. Reuters quoted one person familiar with the matter said the capital of four Greek banks was so low they were operating with negative equity.
ELA is in operation in Ireland, too.

guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper
by Migeru (migeru at eurotrib dot com) on Thu May 17th, 2012 at 11:37:26 AM EST
[ Parent ]
See FT Alphaville on ELA. It appears up to now only Ireland and Greece were openly providing Emergency Liquidity Assistance to its banks.
As Ralph notes, we know ELA, which is essentially a bank bailout by national authorities when things get really, really bad, has been heavily used in Greece and Ireland.

What we don't know is where €18bn of unexplained mystery ELA has been used. We can account for €3.8bn (hint: it's in Cyprus) but for the rest all we have is guesswork... and now a not so subtle pointer from Mr Coene.

From Money Supply:

...

But did Mr Coene slip when he added: "Of course in countries like an Ireland, Greece, Portugal, you can't get out in the short time and it will take a little longer." Portugal? I never mentioned Portugal.

(ELA stumble du jour, May 14)

guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper
by Migeru (migeru at eurotrib dot com) on Thu May 17th, 2012 at 11:42:14 AM EST
[ Parent ]
So this was premature:

JakeS:

Less flippantly, that is extremely serious. Welcome to Argentina.

Good luck.



Von überall könnte das Volk, Urbrut alles Undemokratischen, Zelle des Terrors, über die gewählten Hüter von Wachstum und Wohlstand® kommen. - flatter
by generic on Thu May 17th, 2012 at 12:08:45 PM EST
[ Parent ]
I'd say that it was Tsipras who pulled the plug on Greek banks, not the ECB.

You could say that, but it would be a lie.

So why would you say that?

It was not Draghi who withdraw 800 million € on Monday. Tsipras and SYRIZA say they want to remain in the EU, but their actions are going on an opposite direction.

Uh, no.

The ECB is saying it doesn't want Greece in the EU. What Tsipras and Syriza want has nothing to do with it. All they did was force the ECB to come right out and admit it.

This state of affairs is not going to last another month; SYRIZA may win the election but destroy what is left of the economy in the meantime.

That's a... creative interpretation of the observable facts, shall we say. What're you going to claim next? That the Treaty of Versailles was a form of generous international assistance to Germany?

Tsipras and SYRIZA were caught on what someone once called the "vertigo of power".

And you know this how?

Sounds to me like you've been drinking koolaid.

- Jake

Austerity can only be implemented in the shadow of a concentration camp.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Thu May 17th, 2012 at 05:51:40 AM EST
[ Parent ]
Here's the same story, but told from a different perspective.

Ekathimerini: ECB to stop lending to local banks


The credit market in Greece is fuming at the delay in the recapitalization process. Although the relevant government decision was approved before Easter (April 15), and the European Financial Stability Facility (EFSF) has forwarded 23 billion euros to the HFSF to this end, these funds have not yet reached the local banks.

Had the process been already completed, banks would not only have been able to tap into the liquidity of the Eurosystem, but the 18 billion euros in bonds would have stabilized the local credit market and reduced anxiety. Bank officials suggest the delay is simply unjustifiable.

Worse, deposits are continuing to shrink as Greek citizens' fears about the course of the economy grow, with rumors circulating in foreign media that local banks have set a 50-euro ceiling on cash withdrawals, which is completely unfounded.

Bank sources said the situation remains under control, but add that caution should be exercised to avoid any statements that would generate panic.



Vencit omnia veritas.
by Luis de Sousa (luis[dot]a[dot]de[dot]sousa[at]gmail[dot]com) on Thu May 17th, 2012 at 04:33:50 AM EST
[ Parent ]
But you chose to belive the other perspective which is loaded with bad intentions.

A lot of misnformation goin´on.

by Euroliberal on Thu May 17th, 2012 at 05:16:41 AM EST
[ Parent ]
Christine Lagarde warned a Greek exit would be a cataclysmic event for the global economy;

And in other FOX News-like bullshit, ...

The good news ... it's only a life sentence. You eventually leave this planet of idiots.

by THE Twank (yatta blah blah @ blah.com) on Thu May 17th, 2012 at 06:45:09 AM EST
[ Parent ]
 ECONOMY & FINANCE 


The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed May 16th, 2012 at 03:06:18 PM EST
Rajoy warns Spain faces debt market exile - FT.com

Spain's prime minister warned his country risked being shut out of the financial markets unless Madrid pressed ahead with budget cuts, as yields on the country's debt touched six-month highs.

Speaking in parliament on Wednesday, Mariano Rajoy said: "We must reduce the public deficit because there is a serious risk that we will not be able to borrow, or borrow at astronomical prices ... All these measures are to get out of the hole we find ourselves in."

Yields on Spanish 10-year bonds briefly passed 6.50 per cent for the first time since November - moving towards levels that previously prompted bailouts for Greece, Portugal and Ireland - before later easing back to 6.30 per cent.

Italy's comparable benchmark bonds also moved higher before eventually dropping 4 basis points to 5.83 per cent.



The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed May 16th, 2012 at 03:42:15 PM EST
[ Parent ]
Rajoy also said to the press:

"Creo que el debate entre austeridad y crecimiento que hay ahora en Europa tiene bastante poco sentido, porque una cosa es compatible con la otra. Hay una tercera de la que nadie habla: austeridad sí, crecimiento también, pero me gustaría además que hubiera un mensaje claro y contundente sobre el proyecto del euro y la sostenibilidad de la deuda pública de todos los países europeos". "Que cada país haga sus deberes, España lo está haciendo, Italia lo está intentando, pero la prioridad hoy es la sostenibilidad de la deuda de los países".

"I think the debate between austerity and growth there is in Europe now have relatively little effect, because one thing is consistent with the other. There is a third of which nobody talks about: austerity itself, growth too, but I would also like to have a clear and strong message about the euro project and the sustainability of public debt in all European countries. ""Each country do your homework, Spain is doing it, Italy is trying, but the priority now is the debt sustainability of countries."

Rajoy's face showed fear and bondage.

In Spain it is said since the Catholic Monarchs: "A buenas horas mangas verdes" = To good hours green sleeves!
 

by PerCLupi on Thu May 17th, 2012 at 06:10:09 AM EST
[ Parent ]
Before we know it Rajoy will be asking for the ECB to monetize debt.

guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper
by Migeru (migeru at eurotrib dot com) on Thu May 17th, 2012 at 06:18:50 AM EST
[ Parent ]
Rajoy's face showed fear and bondage.

I've seen his girlfriend, Mistress Spanksalot. His appearance is justified.

The good news ... it's only a life sentence. You eventually leave this planet of idiots.

by THE Twank (yatta blah blah @ blah.com) on Thu May 17th, 2012 at 06:49:23 AM EST
[ Parent ]
I did not understand. I understand now. I knew the word but not the thing.
by PerCLupi on Thu May 17th, 2012 at 09:38:16 AM EST
[ Parent ]
That was just twank being his usual self:
Bondage may refer to:
  • Debt bondage, a modern form of slavery in which people are bound by debt, rather than legal ownership
  • Bondage (sexual), the practice of tying people up for pleasure
  • Self-bondage, the practice of tying oneself up for pleasure
  • Physical restraint in a more general sense
  • The term bondage is also used figuratively to mean spiritual attachment, such as to the physical world, or an evil compelling force, such as original sin
  • Serfdom
  • Bondage (play), a 1991 play by David Henry Hwang
  • The Bondage, a 2006 film by Eric Allen Bell
  • Bondage (album) a 2009 album by j-pop singer Nana Kitade


guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper
by Migeru (migeru at eurotrib dot com) on Thu May 17th, 2012 at 09:43:27 AM EST
[ Parent ]
Sorry. Not bondage. servitude ?  
by PerCLupi on Thu May 17th, 2012 at 09:14:03 AM EST
[ Parent ]
BoE cuts economic growth forecast - FT.com

The Bank of England has reduced its forecast for UK economic growth and increased its inflation forecast, predicting inflation will remain above its 2 per cent target for another year.

Sir Mervyn King, BoE governor, also warned of the "risk of a storm heading our way from the continent'' as he identified the eurozone crisis as the greatest threat to the economy. "Our biggest trading partner [the eurozone] is tearing itself apart without any obvious solution," he said at a press conference.

He hinted the BoE stood ready to act if the crisis intensified. "If there were to be major developments, there are all sorts of ways you'd respond. I don't want to restrict it to the asset purchase programme."



The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed May 16th, 2012 at 03:42:34 PM EST
[ Parent ]
Federal Reserve wary of eurozone risks - FT.com

Significant downside risks from the eurozone and US fiscal policy contributed to the Federal Reserve's decision to stick with forecasts of low interest rates "at least through late 2014", according to the minutes of its April meeting.

The focus on risks to the economy among members of the rate-setting Federal Open Market Committee helps to explain a clash between the committee's forecast of late 2014 and members' individual predictions that rates will need to rise earlier.

"Strains in global financial markets stemming from the sovereign debt and banking situation in Europe continued to pose significant downside risks to economic activity both here and abroad," note the minutes, which say that the risks weighed on the policy judgment of some members.



The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed May 16th, 2012 at 03:42:53 PM EST
[ Parent ]
Several on FOMC Said Easing May Be Needed on Faltering - Bloomberg

Several Federal Reserve policy makers said a loss of momentum in growth or increased risks to their economic outlook could warrant additional action to keep the recovery going, minutes of their last meeting showed.

"Several members indicated that additional monetary policy accommodation could be necessary if the economic recovery lost momentum or the downside risks to the forecast became great enough," according to minutes of the Federal Open Market Committee's April 24-25 meeting released today in Washington.

Central bankers last month affirmed their plan to hold interest rates near zero at least through late 2014 as they sought to push down an unemployment rate that has stayed above 8 percent for more than three years. Chairman Ben S. Bernanke said following the meeting that policy makers "remain entirely prepared" to take additional actions if necessary.



The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed May 16th, 2012 at 03:43:06 PM EST
[ Parent ]
U.S. Stocks Fluctuate as Oil Drops to Six-Month Low - Bloomberg

Oil slid to a six-month low and gold fell as the Dollar Index extended a record-long rally amid concern Greece's financial crisis is worsening. U.S. stocks fluctuated and Treasuries erased losses after Federal Reserve policy makers said more monetary easing may become necessary.

Crude for June delivery fell 1.2 percent to settle at $92.81 a barrel while gold approached a bear-market drop of 20 percent from last year's record. The S&P 500 swung between gains and losses near 1,330 at 3:08 p.m. in New York after closing yesterday at a three-month low. The Dollar Index, a measure of the currency against six major peers, increased for a 13th straight day. Ten-year Treasury yields slipped less than one basis point to 1.76 percent after climbing five points earlier.

The European Central Bank said it will temporarily stop lending to some Greek banks to limit its risk as a political impasse threatens to force the nation out of the euro region. Minutes from the Fed's last meeting showed several policy makers said a loss of momentum in growth or increased risks to their economic outlook could warrant additional action to keep the recovery on track.



The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed May 16th, 2012 at 03:43:24 PM EST
[ Parent ]
Wheat Jumps Most Since March as Dry Weather Hampers Kansas Crop - Bloomberg

Wheat rose the most since March on speculation that hot, dry weather will curb production in Kansas, the biggest U.S. grower of winter varieties.

Little or no rain has fallen in parts of southwest and central Kansas in the past month, National Weather Service data show. The dry weather has affected the critical filling stage when grain forms inside the head of the wheat plant, Kansas State University agronomist Jim Shroyer said. Plants turned white, and heads formed with little or no grain inside, he said.

"The center part of the state is one of the worst areas, and dry areas are expanding because we haven't had any moisture," Larry Glenn, an analyst at Frontier Ag in Quinter, Kansas, said by telephone. "We have another chance for rain this weekend, but they're talking about spotty thundershowers, and that's not what we need."

Wheat futures for July delivery gained 5 percent to settle at $6.3875 a bushel at 1:15 p.m. on the Chicago Board of Trade, the biggest one-day gain since March 30. The commodity earlier touched $6.3975, the highest since May 2. The price has jumped 7 percent this week on the dry Kansas weather.



The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed May 16th, 2012 at 03:43:32 PM EST
[ Parent ]
'London Whale' Said to Be Leaving JPMorgan - NYTimes.com

The $2 billion trading loss at JPMorgan Chase has claimed another victim.

Bruno Iksil, the so-called London Whale at the center of the trading debacle, is expected to leave the bank, according to current and former colleagues. The timing of the departure is unclear.

Mr. Iksil gained notoriety last month after reports that he built up outsize positions that distorted prices in an obscure corner of the credit markets. The holdings proved disastrous for the bank. Last week, JPMorgan disclosed $2 billion in trading losses, and indicated that the final cost could be much higher. Jamie Dimon, the bank's chief executive, called the wounds "self-inflicted."



The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed May 16th, 2012 at 03:48:53 PM EST
[ Parent ]
 WORLD 


The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed May 16th, 2012 at 03:06:34 PM EST
Assad warns against sowing chaos in Syria - Middle East - Al Jazeera English

Countries that "sow chaos" in Syria could suffer from it themselves, President Bashar al-Assad has said in an interview shown on Russian television.

Assad is facing an increasingly militarised uprising, which has claimed thousands of lives across the country since it erupted in March last year.

"For the leaders of these countries, it's becoming clear that this is not 'Spring' but chaos, and as I have said, if you sow chaos in Syria you may be infected by it yourself, and they understand this perfectly well," Assad said in the interview, broadcast on Wednesday, referring to the so-called Arab Spring that toppled other long-time rulers.

He again denounced the armed opposition as a gang of "criminals" who he said contained religious extremists including members of al-Qaeda.



The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed May 16th, 2012 at 03:48:00 PM EST
[ Parent ]
China dissident says family being abused - Asia-Pacific - Al Jazeera English

Chinese dissident Chen Guangcheng has accused Beijing of a pattern of abuse against his family as he once again took his case to US legislators.

Chen, a blind self-taught lawyer who last month dramatically escaped house arrest for the safety of the US embassy, telephoned a hearing of the US Congress for the second time this month from a hospital bed in Beijing.

Unlike in the previous hearing, Chen did not voice concern over his own conditions. But he charged that local authorities in the eastern province of Shandong were seeking revenge by filing a murder charge against his nephew.

 

Chen Guangcheng talks to Al Jazeera

"These are trumped-up charges. Those people in Yinan county have already been on the opposite side of the rule of law in China," said Chen said as one of his most prominent supporters, Chinese dissident Bob Fu, translated for members of the House Foreign Affairs Committee.



The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed May 16th, 2012 at 03:48:11 PM EST
[ Parent ]
Charles Taylor accuses Hague court of targeting African leaders | World news | guardian.co.uk

The convicted war criminal Charles Taylor has accused the international community of selectively targeting African heads of state with prosecutions while ignoring offences committed by US forces in Iraq.

In his final address before sentencing by a UN-backed tribunal in The Hague, the 64-year-old former Liberian president denied encouraging human rights abuses during the long-running civil war in neighbouring Sierra Leone, insisting he had in fact been trying to stabilise the region.

The court should deliver its sentence in a spirit of "reconciliation, not retribution", said Taylor, who offered no admission of wrongdoing or words of remorse.

"I express my sadness and sympathy for crimes suffered by individuals and families in Sierra Leone," he told the panel of judges at the special court for Sierra Leone (SCSL).

"What I did to bring peace to Sierra Leone was done with honour. I was convinced that unless there was peace in Sierra Leone, Liberia would not be able to move forward. I pushed the peace process hard, contrary to how I have been portrayed in this court."



The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed May 16th, 2012 at 03:48:37 PM EST
[ Parent ]
He may have a point about human rights abuse by USA in Iraq, although he forgets that the US isn't a signatory and so is not subject to the court in The Hague.

However, that doesn't absolve him of responsibility for what he organised in Liberia and Sierra Leone. The world will be a better place with him behind bars.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Thu May 17th, 2012 at 03:01:16 AM EST
[ Parent ]
Republicans Seize Control of Senate Agenda to Force Budget Votes - Bloomberg

May 16 (Bloomberg) --Republicans are taking control of the Senate's agenda in an attempt to embarrass Democrats for failing to adopt a budget this year.

Taking advantage of an obscure Senate rule, Republicans today are forcing votes on their budget plans as well as on one modeled on President Barack Obama's tax-and-spending request.

Though lawmakers don't expect any of the plans to pass, the votes are designed to highlight Republican complaints that Democrats refuse to explain how they'd reduce the government's $1.2 trillion budget deficit. Republicans are betting this year that voters' concerns about the deficit will outweigh their concern for domestic programs targeted for cuts.



The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed May 16th, 2012 at 03:49:34 PM EST
[ Parent ]
The Chamber of Commerce's Dark Money Days May Be Over | Mother Jones

In the annals of loopholes, one that the Federal Election Commission, the nation's election watchdog, created in 2008 could rank as one of the most absurd. The FEC's Republican commissioners decided that shadowy nonprofits running political ads (think: the US Chamber of Commerce) could hide the identities of people who donate more than $1,000, as long as those donors didn't earmark their money for a specific ad. So, for instance, a donor couldn't say, "I want you to run an ad attacking Nancy Pelosi next Monday at 7 p.m. on NBC." Donors and political operatives are not idiots, of course, and figured out how to capitalize on the loophole by just giving that money without specific requests, allowing groups like the Chamber to keep more and more donations in the dark.

But those days could be over. In March, a district judge ruled that the FEC's loophole broke the law, and on Monday night, the Court of Appeals in the DC Circuit rejected a request to stay the ruling. It goes into effect now. The decision deals a blow to dark-money politics, while delivering reformers and transparency lovers a big win. "The American people have a right to know who is bankrolling the ads that are designed to influence their votes," Rep. Chris Van Hollen (D-Md.), the lead plaintiff in the case challenging the loophole, said in a statement. "In its decision to deny the stay of the lower Court's ruling, the Court of Appeals has signaled that the public interest is best served by increased donor disclosure."

The appeals court's decision on Monday could impact a slew of powerful political nonprofits spending big bucks in the 2012 elections. That includes Crossroads GPS, the brainchild of Karl Rove; Americans for Prosperity, which receives funding from the Koch brothers; and the Chamber of Commerce, which spent $32.9 million on the 2010 elections.



The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed May 16th, 2012 at 04:17:56 PM EST
[ Parent ]
Sharply Critical of Police, Judge Widens Stop-and-Frisk Suit - NYTimes.com

Saying the New York Police Department seems to have little regard for constitutional rights, a federal judge on Wednesday elevated to class-action status a lawsuit accusing officers of using race as a factor in stopping people on the city's streets, opening the door to a vast number of additional plaintiffs.

The decision by the judge, Shira A. Scheindlin, of Federal District Court, (see also below) provides possible legal recourse for hundreds of thousands of people who have been caught up in the Police Department's increasingly vigorous stop-and-frisk practice, which critics say unjustly ensnares blacks and Latinos.

Over the weekend, in fact, the police disclosed that they had made more than 200,000 such stops in the first three months of 2012 - placing the Bloomberg administration on course for the largest number of annual stops in the 10 years the department has been measuring them.



The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed May 16th, 2012 at 03:49:53 PM EST
[ Parent ]
 LIVING OFF THE PLANET 
 Environment, Energy, Agriculture, Food 


The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed May 16th, 2012 at 03:06:52 PM EST
Soot May Help Shift Tropics North | Observations, Scientific American Blog Network

Soot may be responsible for the tropics expanding north, according to an analysis involving multiple computer models of the climate. By absorbing sunlight and trapping extra heat in the atmosphere, the tiny, black particles may be helping the poleward march of tropical conditions.

The research will be published in Nature on May 17. (Scientific American is part of Nature Publishing Group.)

The tropics--the belt of land around the equator characterized by abundant rainfall and torrid temperatures --have been expanding for at least 40 years. In fact, the tropics have widened by roughly 0.7 degrees of latitude per decade in recent years, or more than two degrees of latitude since 1979.

The tropics are hot and wet because the sun warms the air more near the equator thanks to a more direct shine. This warmed air rises and then cools, condensing its water vapor, which falls as rain. This zone of heat and wetness has been spreading south thanks to ozone pollution but the cause of its northward spread had been mysterious. But the computer simulations suggest that it is soot (with an assist from the greenhouse gas ozone again) that is helping make the northern subtropics nearly as hot as the tropics themselves.



The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed May 16th, 2012 at 03:55:06 PM EST
[ Parent ]
China Is Developing a Grid Better for Coal than Renewables: Scientific American

China will fail to meet its carbon and energy intensity targets unless it makes dramatic changes to its electricity grid, a groundbreaking new report finds.

The study, two years in the making, finds that China's grid is its "Achilles' heel," said lead author and Energy Transition Research Institute Research Director William Chandler. While newer and in many ways more technologically advanced than the U.S. grid, China's system is nevertheless being built to perpetuate the use of coal and large hydropower projects.

"The most important thing in the world for meeting carbon goals is what China does in its overall energy policy in the next 10 years. And the big hole in meeting those targets is in the electric power system," Chandler said in an exclusive interview with ClimateWire.

"They are in serious danger of losing the battle to meet their carbon and energy-intensity goals," he said. "Without strong new demand-side measures and strong new regulatory policies on the grid itself, they're not going to make it."



The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed May 16th, 2012 at 03:55:16 PM EST
[ Parent ]
I don't have in-depth insight into this, but I think there may be a bit of a debate about this point. The Chinese power industry is trying to build up a transmission backbone to meet their long-term needs, and they are taking in to account the geographical location of the various sources and sinks. It would be interesting to get the authors of this study into the same room as the authors of the recent IEEE Power and Energy Society paper that includes this quote:

Energy transportation is a huge problem. On one hand, coal is the major energy source in China, with most reserves located in the north or northwest. Around one-half of all rail capacity is used for coal transportation. On the other hand, for electric power systems, long-distance transmission systems have to be built to deliver electric power from west to east and from north to south. In China, the State Grid Corporation of China (SGCC) and China Southern Power Grid Company (CSG) operate power grids. Ultrahigh-voltage (UHV) 1,000-kV ac and 800-kV dc, long-distance transmission systems are used for power transmission. According to the strategic plan, by 2015 SGCC will invest US$75.5 billion to extend its UHV grid to 40,000 km. By 2020, the UHV network capacity will act as the backbone of the whole system, with 400 GW of clean energy sources integrated into the transmission network.

Behind paywall at http://www.ieee-pes.org/
by asdf on Wed May 16th, 2012 at 05:37:53 PM EST
[ Parent ]
Sulfur finding may hold key to Gaia theory of Earth as living organism

ScienceDaily (May 15, 2012) -- Is Earth really a sort of giant living organism as the Gaia hypothesis predicts? A new discovery made at the University of Maryland may provide a key to answering this question. This key of sulfur could allow scientists to unlock heretofore hidden interactions between ocean organisms, atmosphere, and land -- interactions that might provide evidence supporting this famous theory.

The Gaia hypothesis -- first articulated by James Lovelock and Lynn Margulis in the 1970s -- holds that Earth's physical and biological processes are inextricably connected to form a self-regulating, essentially sentient, system.

One of the early predictions of this hypothesis was that there should be a sulfur compound made by organisms in the oceans that was stable enough against oxidation in water to allow its transfer to the air. Either the sulfur compound itself, or its atmospheric oxidation product, would have to return sulfur from the sea to the land surfaces. The most likely candidate for this role was deemed to be dimethylsulfide.

Newly published work done at the University of Maryland by first author Harry Oduro, together with UMD geochemist James Farquhar and marine biologist Kathryn Van Alstyne of Western Washington University, provides a tool for tracing and measuring the movement of sulfur through ocean organisms, the atmosphere and the land in ways that may help prove or disprove the controversial Gaia theory. Their study appears in this week's Online Early Edition of the Proceedings of the National Academy of Sciences (PNAS).



The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed May 16th, 2012 at 03:55:33 PM EST
[ Parent ]
... Earth's physical and biological processes are inextricably connected to form a self-regulating, essentially sentient, system.

sentient -  having the power of perception by the senses; conscious.

Really? Most of the time I have trouble justifying that humans are sentient and now this new-age, magic crystal bullshit.

The good news ... it's only a life sentence. You eventually leave this planet of idiots.

by THE Twank (yatta blah blah @ blah.com) on Thu May 17th, 2012 at 06:59:14 AM EST
[ Parent ]
The Wettest Drought On Record: Torrential Rain Can't Bring Much Of England Out Of 'Exceptional' Dry Conditions | ThinkProgress

Even with the wettest April on record, some areas of England are still facing "exceptional" drought conditions. After two years of dry winters -- including the fifth-driest March -- the ground hasn't been able to soak up the heavy rainfall that hit in April.

The situation in the country illustrates the cruel reality of "rollercoaster" extreme weather -- a problem that will only be exacerbated by accumulating heat-trapping gases in the atmosphere. Recent research also finds that the loss of Arctic ice favors extreme, prolonged weather events "such as drought, flooding, cold spells and heat waves."

The rain has certainly helped some regions. But other parts of England were so dry, it could take months of record rainfall to bring groundwater levels back to normal. One aquifer close to London is 90 percent below normal levels for this time of year.



The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed May 16th, 2012 at 04:17:24 PM EST
[ Parent ]
while groundwater levels in the London basin have risen so high that they are beginning to affect deep tube lines and deep basements.

However, this water is so full of victorian industrial pollution that it is illegal to even pump it into the Thames and so is useless to help relieve the water shortage.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Thu May 17th, 2012 at 03:08:13 AM EST
[ Parent ]
Death on Earth: how the world's wildlife vanished - Nature - Environment - The Independent

The world's wildlife has declined by nearly a third over the past 40 years, a new estimate of the health of the planet suggests.

Click here to see the 'THE SURVEY - MAN'S IMPACT ON NATURE' graphic

In some parts the figure is much higher - in the tropics, losses are estimated at more than 50 per cent, while in tropical freshwater ecosystems specifically, average losses may be as high as 70 per cent, according to the 2012 edition of the Living Planet Report, produced by the WWF.

Typical high declines include the wild tiger, which has suffered a 70 per cent decline in the size of populations, and run right up to the extreme case of the baiji, the freshwater dolphin from China's Yangtze river, which appears to have become extinct in recent years.

However, in northern areas such as Europe and North America, wildlife populations are doing much better, reflecting the amount of conservation that wealthy societies are able to afford.



The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed May 16th, 2012 at 04:17:38 PM EST
[ Parent ]
Human damage will be limited to this solar system so relax. Great experiment, don't you think? One dominant species consciously destroying the viability of an entire planet? Something out of science fiction.

The good news ... it's only a life sentence. You eventually leave this planet of idiots.
by THE Twank (yatta blah blah @ blah.com) on Thu May 17th, 2012 at 07:04:41 AM EST
[ Parent ]
Last Ones Left in Treece, Kan., a Toxic Town - NYTimes.com
One problem with Treece, Kan., is that the ground keeps caving in. It has happened more than a hundred times over the last century. On most occasions, the subsidences -- that's what the scientists call them -- are small, like when a sofa-size crater opened up on 10th Street last year. Other times, they are much worse. In 1966, a 300-foot-wide, 200-foot-deep abyss swallowed up the road out on the edge of town. Somehow no one died.


Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Wed May 16th, 2012 at 09:00:25 PM EST
[ Parent ]
need to login. I guess I've exceeded my monthly visit count, which the NYT has reduced recently

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Thu May 17th, 2012 at 03:10:10 AM EST
[ Parent ]
Try interrupting the loading of the article as soon as the text appears.

Earth provides enough to satisfy every man's need, but not every man's greed. Gandhi
by Cyrille (cyrillev domain yahoo.fr) on Thu May 17th, 2012 at 04:30:40 AM EST
[ Parent ]
Treece, Kansas wiki

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Thu May 17th, 2012 at 03:13:22 AM EST
[ Parent ]
It sunk without a Treece.
by njh on Thu May 17th, 2012 at 11:29:09 AM EST
[ Parent ]
 LIVING ON THE PLANET 
 Society, Culture, History, Information 


The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed May 16th, 2012 at 03:07:12 PM EST
Skechers to pay $40 million to settle charges over unsupported claims - The Washington Post

Skechers agreed to pay $40 million to settle charges that the company made unsupported claims about the benefits of its toning shoes, falsely asserting that they help people lose weight, tone their lower bodies and even combat heart disease.

In a complaint filed Wednesday in federal court, the Federal Trade Commission said Skechers could not back up advertising hype for its Shape-ups line, such as "Get in Shape Without Setting Foot in a Gym." The company also failed to disclose that a chiropractor featured in one of its ads is married to a Skechers marketing executive and was paid to conduct a clinical study that favorably rated Skechers performance.

The FTC expects this settlement, which has yet to be finalized, to be the largest in terms of the amount of money refunded to consumers. The agreement also covers the company's Resistance Runner, Toners and Tone-ups shoes.

"Skechers put its foot in its mouth by making unsubstantiated claims," said David Vladeck, director of the FTC's bureau of consumer protection.



The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed May 16th, 2012 at 03:50:32 PM EST
[ Parent ]
Out of the Mouth of Babes | The Primate Diaries, Scientific American Blog Network

My son will be three-years-old next month and is still breastfeeding. In other words, he is a typical primate. However, when I tell most people about this the reactions I receive run the gamut from mild confusion to serious discomfort. Their concerns are usually that extended breastfeeding could be stunting his independence and emotional development-the "Linus Blanket Syndrome" in the words of Michael Zollicoffer, a pediatrician at the Herman & Walter Samuelson Children's Hospital at Sinai Hospital in Baltimore. Worse yet, they hint that it might even cause "destructive" psychosexual problems that he will be burdened with throughout his adult life. Could they be right? Was our choice "a prescription for psychological disaster" as Fox News psychiatrist Keith Ablow wrote in response to TIME magazine's provocative cover article on attachment parenting? Just when is the natural age to stop breastfeeding?

One thing I've learned in my research on human evolution is that people are quick to assume that what they do is "natural" simply because they don't know of other examples where things are done differently. The primate brain is a pattern recognition machine and is adapted to quickly identify regularities in our environment. But when we are presented with the same pattern over and over again it is easy to fall victim to what is known as confirmation bias, or coming to false conclusions because the evidence we use does not come from a broad enough sample. In order to avoid falling for this bias on the question of extended breastfeeding the best way forward would be to draw from the largest sample possible: the entire primate lineage.

In their classic paper, "Life History Variation in Primates" published in the premier scientific journal Evolution, the British zoologists Paul H. Harvey at Oxford and Tim Clutton-Brock at Cambridge published the most comprehensive data then available on the world's primates. The variables they measured included everything from litter size and age at weaning to adult female body weight and length of the estrous cycle among 135 primate species (including humans). By analyzing the relationships between these variables, using a statistical approach known as a regression analysis, they identified striking patterns that held across primate taxa.



The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed May 16th, 2012 at 03:54:23 PM EST
[ Parent ]
This is your brain on sugar: Study in rats shows high-fructose diet sabotages learning, memory

ScienceDaily (May 15, 2012) -- Attention, college students cramming between midterms and finals: Binging on soda and sweets for as little as six weeks may make you stupid.

A new UCLA rat study is the first to show how a diet steadily high in fructose slows the brain, hampering memory and learning -- and how omega-3 fatty acids can counteract the disruption. The peer-reviewed Journal of Physiology publishes the findings in its May 15 edition.

"Our findings illustrate that what you eat affects how you think," said Fernando Gomez-Pinilla, a professor of neurosurgery at the David Geffen School of Medicine at UCLA and a professor of integrative biology and physiology in the UCLA College of Letters and Science. "Eating a high-fructose diet over the long term alters your brain's ability to learn and remember information. But adding omega-3 fatty acids to your meals can help minimize the damage."

While earlier research has revealed how fructose harms the body through its role in diabetes, obesity and fatty liver, this study is the first to uncover how the sweetener influences the brain.



The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed May 16th, 2012 at 03:54:44 PM EST
[ Parent ]
Well-fed animals pay less attention. Duh.

Align culture with our nature.
by ormondotvos (ormond no spam lmi net no spam) on Wed May 16th, 2012 at 09:05:31 PM EST
[ Parent ]
What does consuming high-fructose corn syrup have to do with being well-fed?
by Andhakari on Thu May 17th, 2012 at 01:39:29 AM EST
[ Parent ]
Indeed. I tend to regard it more in the light of malnutrition.

The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Thu May 17th, 2012 at 05:23:28 AM EST
[ Parent ]
Hemingway had an anecdote on that in one of his books. He would visit museums and art galleries in Paris on an empty stomach which in his words greatly enhanced his experience of the art work.

There's of course a threshold between hunger and, well, starvation.

by de Gondi (publiobestia aaaatttthotmaildaughtusual) on Thu May 17th, 2012 at 01:40:56 AM EST
[ Parent ]
Ergo, to enhance the intellectual output of ETer's, I'd suggest having their meet-ups in frosted woods early morning, perhaps barefoot, after a decent fasting, rather than those raucous brasseries.
by de Gondi (publiobestia aaaatttthotmaildaughtusual) on Thu May 17th, 2012 at 06:17:29 AM EST
[ Parent ]
Include me out!
by IM on Thu May 17th, 2012 at 06:20:10 AM EST
[ Parent ]
Outclude me?

guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper
by Migeru (migeru at eurotrib dot com) on Thu May 17th, 2012 at 06:26:32 AM EST
[ Parent ]
I thought a reduced state of consciousness were more or less the point

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Thu May 17th, 2012 at 10:02:40 AM EST
[ Parent ]
The invisible hand will provide:

Immigration permit auction touted as reform that would aid economy - SiliconValley.com

America's decades-old immigration system should be replaced with an auction of work permits, says a UC Davis economist who is attracting attention on Capitol Hill.

His market-based reform, which was unveiled Tuesday, would have U.S. companies compete in a quarterly electronic auction to buy permits to hire foreign workers.

In essence, U.S. firms' willingness to pay for work-based visas would become more important than family connections and fixed quotas in determining who gets to move to the United States.

"This would be quite a new system," said Giovanni Peri, a professor who studies labor economics, explaining how it would replace today's first-come, first-served waiting list and random lottery that dictate who gets work visas.

by Bernard on Wed May 16th, 2012 at 04:50:00 PM EST
[ Parent ]
Des trains aux couleurs du château de Versailles - Château de Versailles
Depuis le 16 mai 2012, les espaces intérieurs de certains trains du RER C sont entièrement décorés de vues inspirées du château et des jardins de Versailles.

by Fran (fran at eurotrib dot com) on Thu May 17th, 2012 at 03:47:26 AM EST
[ Parent ]
 PEOPLE AND KLATSCH 


The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed May 16th, 2012 at 03:07:29 PM EST
1942 - Taj Mahal, American musician.



The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman

by dvx (dvx.clt ät gmail dotcom) on Wed May 16th, 2012 at 03:10:53 PM EST
[ Parent ]


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