Welcome to the new version of European Tribune. It's just a new layout, so everything should work as before - please report bugs here.

European Salon de News, Discussion et Klatsch - 19 June

by Nomad Mon Jun 18th, 2012 at 04:16:07 PM EST

 A Daily Review Of International Online Media 


Europeans on this date in history:

1906 - birth of Ernst Boris Chain, a German-born biochemist who in 1945 won the Nobel Prize for his work on penicillin (d. 1979)

More here and here

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


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

  • EUROPE - is the place for anything to do with Europe.
  • ECONOMY & FINANCE - is where you find what is going on in finance and the economy.
  • WORLD - here you can add links and comments on topics concerning world affairs.
  • LIVING OFF THE PLANET - is about the environment, energy, agriculture, food...
  • LIVING ON THE PLANET - is about humanity, society, culture, history, information...
  • PEOPLE AND KLATSCH - this is the place for stories about people and of course also for gossipy items. But it's also there for open discussion at any time.
Display:
by Nomad on Mon Jun 18th, 2012 at 04:16:49 PM EST
BBC News - Antonis Samaras begins urgent Greece coalition talks

The leader of the party that narrowly won Greece's election has begun urgent talks to form a coalition, saying he wants to forge a "national consensus".

New Democracy's Antonis Samaras met leaders of the other two largest parties, but no deal on a coalition has yet been announced.

Mr Samaras says he will seek changes in the terms of a bailout agreement reached with the EU and IMF.

Market responses to the poll result were mixed and bank stocks plummeted.

Mr Samaras called for a "national understanding" as he met President Karolos Papoulias earlier to be given a formal mandate.

Under the constitution, Mr Papoulias has given Mr Samaras three days to form a government.

Mr Samaras said he believed he could form a working coalition.

by Nomad on Mon Jun 18th, 2012 at 04:45:09 PM EST
[ Parent ]
Greek election winner Antonis Samaras under pressure to form broad coalition | World news | guardian.co.uk

Greece's prime minister designate, Antonis Samaras, is coming under European pressure to cobble together the broadest and strongest possible coalition government in the hope that a sweeping parliamentary majority will be able to push through the draconian austerity programme pledged in return for the country's bailout.

As the centre-right leader opened negotiations on a new government, it was clear that European leaders hoped he would move beyond a "grand coalition" with his rival centre-left Pasok party which would muster 162 seats in the 300-seat chamber. If another two smaller parties were brought in, the new government would command 200 of the 300 seats.

Given the strength and popularity of the main opposition radical Syriza movement led by Alexis Tsipras, the new star of Greek politics, and its potential for fomenting an anti-austerity street campaign, eurozone officials are worried that a narrower Samaras-led coalition could prove unstable and yet buckle.

José Manuel Barroso, the president of the European commission, spoke to Samaras following his election victory and is believed to have pressed him on the strong coalition issue.

"We hope the government will be formed swiftly," said an EU official.

"We hope it will be based on the largest majority, the largest possible to ensure the memorandum," he added in reference to the bailout terms signed by Greece with the troika of the European commission, European Central Bank and International Monetary Fund.

by Nomad on Mon Jun 18th, 2012 at 04:46:32 PM EST
[ Parent ]
German press review: 'Greece still divided after vote' | Germany | DW.DE | 18.06.2012

German papers say the Greeks still have a long way to go even after this weekend's election which temporarily mollified worries that the country would elect a government that wants out of the eurozone.

In an editorial entitled, "Room on brink of collapse," Germany's liberal-leaning Süddeutsche Zeitung argued on its website Monday that the new Greek government already found itself in a predicament akin to that described in Joseph Heller's iconic novel, Catch-22.

"If the Greek government turns its back on Europe, it will risk almost certain financial disarray. If it is perceived as being too conciliatory to Brussels [the European Union] and Washington [the International Monetary Fund], it risks reigniting the wrath of its people."

"Will Greece really be able to put a government together," asked the conservative German daily Die Welt: "On the one hand, the election results are quite clear - of course the Greeks will be able to forge a coalition. But then again, Greece wouldn't be Greece if things were that easy."

The paper went on to point out that there were apparently more Greeks afraid of exiting the eurozone than there were Greeks willing to take the plunge into financial sovereignty.

"It's all quite clear, really: In the end the conservative Nea Dimokratia was able to round up more Greeks than the leftist radicals were, and this is a truly comforting sign for Europe. But this solace should not be overestimated. The Greeks have a mountain yet to climb, one that entails changing their ways. And behavior patterns that have been instilled over decades can't be altered overnight."

by Nomad on Mon Jun 18th, 2012 at 04:47:44 PM EST
[ Parent ]
The Greeks have a mountain yet to climb, one that entails changing their ways.

That mountain is more like a desert to cross. The true mountain is the one the Germans must climb, and that entails changing how they view the world. The Greeks know they have to cross the desert, but few Germans have any idea of the mountain they must climb.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon Jun 18th, 2012 at 10:43:59 PM EST
[ Parent ]
A new start with the same old politicians? | Presseurop (English)

Family men and women who work hard and pay their taxes have done their duty: The largest portion voted for New Democracy in yesterday's national election, putting aside their personal opinions and reservations, they supported Pasok as a responsible coalition partner and some voted for Fotis Kouvelis of Democratic Left.

We need men willing to be kamikazes, not traditional politicians who tremble when their political assets are at risk and people are reacting. And frankly, the political parties are not overflowing with such courageous or specially talented individuals.

Now, of course, it's time for the country's politicians to rise to the challenge - which won't be an easy one. Greek politicians, including Alexis Tsipras, leader of the anti-bailout Syriza party, must exceed every expectation and steer the country away from the great perils that lie ahead.

No one can claim ignorance about the fact that the nation is in a terrible mess. No one can afford to be irresponsible just because the electorate sent them into the opposition. We're all in the same boat.

by Nomad on Mon Jun 18th, 2012 at 04:49:05 PM EST
[ Parent ]
Depends on your definition of "irresponsible", doesn't it ?

I think keeping the Merkel tour of torture on the road is pretty irresponsible, but I'm not Serious

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Tue Jun 19th, 2012 at 03:01:23 AM EST
[ Parent ]
In France, Socialists clutch levers of power | EurActiv

The Socialist Party of President François Hollande won a historic victory in parliamentary elections held yesterday (17 June) and will dominate both legislative chambers. EurActiv France reports.

The Socialists won 291 of the 577 seats in the National Assembly, the Parliament's lower chamber, two more than the 289 majority threshold.

This is a historic victory for the Socialists, who together with their Green and leftist allies, are expected to control 341 deputies.

The conservative UMP party of former President Nicolas Sarkozy will have 191 MPs, down from 313 they won in the 2007 election.

The French Senate has been dominated by the Socialists since September 2011 and they also control most of the country's regions.

The victory was overshadowed by the defeat of Socialist candidate Ségolène Royal, who was hoping to become speaker of the National Assembly. Royal was beaten in the La Rochelle constituency by a dissident Socialist candidate, Olivier Falorni, who refused to withdraw in her favour.

The defeat of Royal, Hollande's former companion, comes as an embarrassment to the French president whose new partner, Valérie Trierweiler, tweeted her support for Falorni before the election. The incident unleashed sarcastic comments about the failure of the new head of state to keep his private life under control.

Far-right enters Parliament

In another twist, the far-right National Front entered parliament for the first time since the mid-1980s, winning two seats.

by Nomad on Mon Jun 18th, 2012 at 04:49:35 PM EST
[ Parent ]
Marine Le Pen seeks French poll recount - Europe - World - The Independent

The leader of France's main far-right party said today that she is demanding a recount after her razor-thin loss to a Socialist in northern France as part of nationwide legislative elections.

Marine Le Pen told France-Info radio that her anti-immigration National Front party will appeal to France's Constitutional Council after results showed she lost to Socialist Philippe Kemel by 118 votes out of more than 55,000 cast.

The result in the northern Pas-de-Calais region came as French voters vaulted President Francois Hollande's Socialists and their close allies into control of the 577-seat National Assembly in yesterday's voting.

The National Front won two seats - its best showing in the Assembly since the late 1980s.

by Nomad on Mon Jun 18th, 2012 at 04:49:58 PM EST
[ Parent ]
Swiss voters reject plan for more democracy - Europe - World - The Independent

Swiss voters yesterday dealt a heavy defeat to a plan for more referendums on international treaties.

A nationalist group wanted voters to have an automatic say when the government signs a major agreement. But with votes from 17 of 26 cantons counted, none had voted in favour. Opponents of the move won 73.3 per cent support, TV reported. Since a proposal needs a majority of both voters and cantons to pass, that meant it had failed - as had been expected.

Most major parties opposed the plan, saying it could cause gridlock with constant ballot calls. Switzerland already holds about half a dozen national referendums each year as well as local ones. All it takes is 50,000 signatures to force a national vote on a new law or treaty in Switzerland, a country of more than seven million people. The bar is higher - at 100,000 signatures - if grassroots groups want to propose new legislation. But these sorts of measures are often voted on and are sometimes successful.

by Nomad on Mon Jun 18th, 2012 at 04:50:15 PM EST
[ Parent ]
BBC News - Ratko Mladic war crimes trial suspended over evidence error

The trial of Bosnian Serb Gen Ratko Mladic has been suspended until further notice, the UN war crimes tribunal for the former Yugoslavia says.

Mr Mladic's trial was due to resume on 25 June after it was halted in May.

Monday's suspension is a result of an error in the disclosure of documents to the defence, the court in The Hague said in a statement.

He denies 11 charges of war crimes and crimes against humanity dating back to the 1992-1995 Bosnian War.

The trial was first halted in May when it first emerged that the prosecution had not disclosed evidence to the defence.

Seventy-year-old Mr Mladic is the last of the key figures wanted for war crimes during the Bosnian War.

On the run for 16 years before his arrest, Mr Mladic has refused to enter a plea.

Some of the relatives of victims and survivors of the war have expressed concern that if the trial takes too long, Mr Mladic, who has suffered from heart problems, will die before a verdict is reached.

by Nomad on Mon Jun 18th, 2012 at 04:50:37 PM EST
[ Parent ]
Romanian ex-ruling party to elect new leader | EU Reporter

For the Romanian liberal-democrats, the outcome of last week's local elections continue to plague them, kindling debates as to who should lead the party to better results in the upcoming parliamentary elections.

With less than six months before the crucial parliamentary elections, the ex-ruling party, marred by recent internal disputes, has decided that a new leadership will be voted in during the upcoming extraordinary congress scheduled for June 30.

Citing the need for radical change, the outgoing leader decided not to run for the top party job as he follows through with his interim at party helm.

The center-right Democrat Liberal Party won just 13 per cent of votes in the recent local elections, well below its 33 per cent showing in the 2008 elections.  This is mostly blamed on the fact that while in government party representatives were pressured into implementing unpopular measures and austerity cuts that didn't fare well with public sector workers. Many said that as these measures were essential in steering the country out of the crisis they damage the party's image and popularity. 

by Nomad on Mon Jun 18th, 2012 at 04:50:53 PM EST
[ Parent ]
Prosecutors seek nearly four years' jail time for Berlusconi | News.com.au

MILAN prosecutors called for former Italian premier Silvio Berlusconi to be sentenced to three years and eight months for tax evasion linked to his Mediaset empire, Italian media reported.

MILAN prosecutors called for former Italian premier Silvio Berlusconi to be sentenced to three years and eight months for tax evasion linked to his Mediaset empire, Italian media reported.

Prosecutor Fabio De Pasquale said the media magnate was clearly "heading the chain of command" when the tax evasion is alleged to have taken place, and that Mediaset's slush funds abroad "bear his fingerprints."

Berlusconi founded Mediaset, which includes Italy's three main privately owned national television channels, in the 1970s.

The trial is based on allegations that Mediaset artificially inflated the price of film rights sold to companies that belonged to Berlusconi and then sold back to Mediaset, allowing the firm to reduce revenues and pay less tax.

Mr De Pasquale said the price of film rights had been "inflated" by $368 million (292 billion euros) between 1994 and 1998 alone.

If found guilty, Berlusconi, 75, faces between 18 months and six years in jail.

by Nomad on Mon Jun 18th, 2012 at 05:37:47 PM EST
[ Parent ]
They would be wise to trade what would be a life sentence for B for a break-up and change of ownerships of his media companies. But who could run them more sensibly?

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon Jun 18th, 2012 at 10:47:38 PM EST
[ Parent ]
At his age he would get his sentence domiciled. Further, in Italy a trial must go through three judgements with the statute of limitations ticking away, which implies that no trial ever reaches its natural conclusion when it involves the elite.

In the wildly improbable case he were to be condemned in all three courts in due time, he would be stripped of his rights to hold public office.

As for his media empire, it should be simply dismembered like Rockefeller's Standard Oil but that will never happen until Europe imposes it in some distant future.  

by de Gondi (publiobestia aaaatttthotmaildaughtusual) on Tue Jun 19th, 2012 at 05:45:48 AM EST
[ Parent ]
Beppe Grillo's Blog

I - What do you think of the "grassroots movements" and, in particular the MoVimento 5 Stelle in Italy??
D - If the truth be told, I know very little about the Movimento 5 Stelle but I think that it is very interesting indeed that there are people who are trying new ways to unite democracy with existing institutional structures. Naturally, as a self-confessed anarchist, I have certain reservations regarding the level of possible democratisation of institutions which are, by definition, based on a system whereby those above practice coercion on those below them however, I most certainly have the greatest respect for those who trying to do this and I am fascinated by the reform attempts that are being proposed. One has to respect people who come along with new ideas by creating direct democratic consultation institutions because they demonstrate the effort that is being put into creative thinking, which is something that should be respected in any event. We should respect people who come along with new ideas on how to resolve these problems, whether it be through the creation of direct democracy institutions, like the Movimento 5 Stelle is doing, or by abandoning simple representation and moving towards a combination of representation and some sort of draw, or lottery, as they are doing or proposing elsewhere, or even by creating a direct democracy from the bottom up, like they have in Bolivia, with a sort of dual power system aimed at reigning in the power of government.
There are many different experiments taking place and I find it extremely encouraging that there are so many different ideas being tested. I always say that if there is one thing that this world does not lack it is people with creative ideas on how to resolve all our problems. The problem we have is not a lack of vision or options, but rather finding the political will to implement them and ensuring that the solutions are actually implemented. This is precisely what we are trying to do through the Occupy Wall Street movement, in our own way ... and, if we can do that... but you could well be in a position to do so right here because a particular system like the Italian one is much more open than the system that we have in America, which is truly totally dominated by money. In one way we would love to have the luxury of having a system like the current one in Italy. For example, here in Italy you have an anti-corruption campaign that is aimed at kicking out those politicians that are guilty of corruption. In America, that would obviously not be possible because corruption has been legalised and indeed the entire system is based on legalised corruption. I think that you are advantaged here in Italy because you guys are not as totally uncivilised and backward when it comes to your type of democracy and I am very interested to see whether it is possible for you to utilise these means, namely the attempt to introduce direct democracy within a representative system like the one you have. In Greece and elsewhere too, they are proposing a combination of a lottery and representation systems, which is an interesting idea. In Bolivia they have a dual power system involving bottom line communities and the government that they have elected, a system in which the communities can oust the government at any time by means of a revolt. So these are all ways of integrating direct democracy institutions and classic representation systems.


It's a fine line between homage, parody, and consumer opportunism. Jess Walter
by melo (melometa4(at)gmail.com) on Mon Jun 18th, 2012 at 09:30:16 PM EST
[ Parent ]
Eurointelligence Daily Briefing: The end of another suckers' rally
Spanish 10-year yields are close to 7.3% this morning following the end of another short-live market rally; financial markets have now concluded that Spain will have to fall under the EFSF/ESM; Spain to issue €2-3bn in new loans today in a further test of market conditions; yields have also risen dramatically at the short end; a banking survey by the Bank of Spain shows further increase in interest rates paid by the private sector; the rise is having a negative effect on Spanish exporters; G20 summit in Mexico is unlikely to produce anything, except for another bland communique; New Democracy, Pasok and Democratic Left are en route to forming a coalition; an agreement is expected later today; Alexis Tsipras formally ruled out to be a member of any government; Democratic Left demands that the bailout terms be eased, and that Greece disengages from  the memorandum by 2017; The economic and monetary affairs committee of the European Parliament proposes Eurobills; the German coalition disagrees on whether to extend the austerity timetable for Greece, with Guido Westerwelle seeking a longer pay-back period; the troika looks at doubling the pay back term for Ireland, the French government is to impose a new tax on dividends; a Moody's report says the private sector in the periphery is facing serious liquidity constraints; Hugo Dixon says a banking union is not realistic in the short term; Erik Izraelewicz says Francois Hollande must now save Europe; Günter Nonnenmacher says we will now see the true Hollande; Larry Summers says a eurozone breakup would be the defining moment of our time; Jakob Augstein, meanwhile, draws the parallels between Europe today and the end of the Weimar Republic.


If you are not convinced, try it on someone who has not been entirely debauched by economics. — Piero Sraffa
by Migeru (migeru at eurotrib dot com) on Tue Jun 19th, 2012 at 04:04:40 AM EST
[ Parent ]
by Nomad on Mon Jun 18th, 2012 at 04:17:54 PM EST
Greek Election Leaves Pyrrhic Victory Risk as Aid Talks Near - Bloomberg

Greece survived to fail another day, say economists at Royal Bank of Scotland Group Plc and Citigroup Inc. (C)

An election result yesterday that defused expectations of an imminent euro exit by Greece left the threat hanging over the global economy and put European leaders under pressure to speed efforts to protect the rest of the region. Spanish 10-year bond yields soared above 7 percent for the first time in the euro era, showing investor concern of the relentless financial turmoil.

"The election has solved little and in our view is actually just another iteration towards the risks of a euro exit," said Harvinder Sian, senior rates strategist at RBS in London. `The adjustment path is likely to remain too much for Greece to bear."

Greece, dependent since 2010 on emergency loans from the European Union and International Monetary Fund, has to meet the creditors' conditions to keep the aid flowing. The route to continued support involves axing 11.5 billion euros ($14.5 billion) from the budget and 150,000 civil service jobs, said Sian, leaving him holding fast to his pre-election view of a 90 percent chance Greece quits the euro within two years.

by Nomad on Mon Jun 18th, 2012 at 05:12:14 PM EST
[ Parent ]
Markets call eurozone's bluff on Spain | Business | The Guardian

Can the euro crisis be contained until the euro leaders summit in Brussels on 28-29 June? On current form, it'll be a close-run thing.

The Greek relief rally lasted an hour on Monday. Worse, Spain's borrowing costs hit another euro-era high - the yield on 10-year bonds reached 7.2%. The Spanish banking bailout, announced amid triumphalism in Madrid only nine days ago, seems like another age.

There were at least three problems with it. First, it destroyed the notion that Spain's saving grace was its relatively low debt-to-GDP ratio: the €100bn, or whatever the final figure turns out to be, goes directly onto the government's books since the bailout is not, as Rajoy had wished, a direct injection of funds into the Spanish banking system. Second, investors in Spanish bonds feared being relegated down the pecking order of creditors if the loans directed via Madrid to the banks carry preferred status. Third, investors made the straightforward calculation that a country that cannot raise money at attractive rates to fund its banks cannot raise affordable capital full stop.

At 7.2%, the cat is out of the bag. Spain can tolerate such rates for a while (there will be an auction of short-dated debt on Tuesday and another later in the week) but the only sure-fire remedy is a direct sovereign bailout. That's the reality the eurozone leaders may have to confront in Brussels at the end of this month.

by Nomad on Mon Jun 18th, 2012 at 05:12:42 PM EST
[ Parent ]
Economics and Politics by Paul Krugman - The Conscience of a Liberal - NYTimes.com

At any given time, there tends to be one number I check on waking up to see how close we are to the apocalypse. Often it has been the US 10-year -- where down is bad, because it shows pessimism about the economy. Right now it's the Spanish 10-year, where up is bad, because it shows pessimism about the future of the euro.

And guess what: after an election that supposedly was a victory for the forces of orthodoxy, the yield has spiked. 7.25 percent!

The reasons aren't hard to see: we have a maybe coalition that received a minority of the votes, pursuing a strategy almost guaranteed to fail, with parties ranging from radical to full-on fascist waiting in the wings. But what was the market expecting?

In a way, the worst thing about the Greek election is the possibility that it will encourage the Germans and the ECB to persist a bit longer with their fantasies about how things might work.

by Nomad on Mon Jun 18th, 2012 at 05:15:29 PM EST
[ Parent ]
Fed could boost US economy with Operation Twist stimulus, experts claim | Business | guardian.co.uk

The Federal Reserve could step in with a new round of Operation Twist this week to bolster the fragile American recovery as Europe's woes continue to rattle the US economy, experts believe.

Fed chairman Ben Bernanke and the Federal Open Markets Committee (FOMC) meet Tuesday and Wednesday this week, amid fresh developments in the eurozone crisis and signs that the US economy is picking up.

Analysts predict that while the FOMC will stop short of a major intervention in the form of a third round of quantitative easing, they are more likely to take the smaller scale option of Operation Twist.

This involves the Fed selling medium-term bonds, and using the proceeds to buy longer-term bonds -- such as 10-year treasuries. In theory, such a move drives down the interest rate on 10-year bonds, taking down interest rates across the board. Mortgages are tied to 10-year Tteasury rate and the move should bring down home loan rates.

The housing market has been a major drag on US recovery, but there have been signs that prices have bottomed out ,and on Monday the National Association of Home Builders said its housing market index, a poll of builders' confidence, had reached its highest level in more than five years.

The Fed is facing calls to act as events in the eurozone continue to threaten the US economy.

by Nomad on Mon Jun 18th, 2012 at 05:15:55 PM EST
[ Parent ]
Russia earmarks $40bn to bolster economy - FT.com

Russia is setting aside up to $40bn for this year and next to shore up the economy in case the crisis in the eurozone escalates and spreads, and is dusting off a plan that would allow the government to recapitalise the country's banking system.

In his first interview with a foreign newspaper since his appointment as finance minister last year, Anton Siluanov said the government had agreed to create a reserve mechanism worth Rbs500bn ($15.4bn) for next year "for the direct financing of anti-crisis measures".

This would include support for "socially needy people" and "systemically important enterprises", and the revival of a scheme proposed - but not implemented - in 2009 to issue government bonds to recapitalise banks in exchange for shares, Mr Siluanov said.

This year, up to Rbs800bn earmarked for one of Russia's rainy day windfall funds - the Reserve Fund - could be spent on meeting any potential shortfall for budget obligations should the oil price stay below the average $117 a barrel at which the budget now breaks even. The Reserve Fund and the Welfare Fund currently contain $145bn.

by Nomad on Mon Jun 18th, 2012 at 05:20:03 PM EST
[ Parent ]
Policy `paralysis' hits global recovery - FT.com

The global recovery has stalled again as confidence in policy makers' ability to provide conditions for growth has slipped away, according to the latest FT/Brookings Institution Tiger index of world economic conditions.

Professor Eswar Prasad of Brookings said: "The global economic recovery is being held hostage by political brinksmanship that has created policy paralysis, undermined confidence and stymied the effectiveness of macroeconomic policy tools".

As leaders of the most powerful economies gather on Monday in the Mexican beach resort of Los Cabos, expectations are low that the G20, billed as the world's "premier economic forum", will offer co-ordinated action rather than hot air.

Felipe Calderón, Mexico's president who will chair the summit, added to this perception at pre-G20 conferences at the weekend. "Even though we don't expect to reach specific agreements on Europe ... I want to see language and promises which are much more oriented to a new, stronger Europe, a Europe of the 21st century," he told journalists. Mr Calderon hopes to raise the agreed $430bn recapitalisation of the International Monetary Fund further, even without US backing.

by Nomad on Mon Jun 18th, 2012 at 05:16:33 PM EST
[ Parent ]
New York Times Misidentifies Main Cause of Slow Motion European Bank Run « naked capitalism

It's feeling like 2007 all over again. The New York Times has a bizarre and prominent story (now the lead item on its business page) on how the lack of integrated bank supervision in Europe is causing a breakdown in interbank lending. Gillian Tett at the Financial Times covered this very topic three weeks ago, and the culprit for the caution over cross border funding is Eurobreakup risk, not the lack of a pan-European bankmeister. The New York Times (and the Wall Street Journal) getting it wrong when the FT gave straightforward, informed accounts was a frequent feature in the early phases of the crisis (both US papers upped their game considerably as the bad financial news increased).

Now the headline is accurate ("Worried Banks Resist Fiscal Union"), the main argument of the story is another matter:

The seemingly endless series of euro zone crises has European officials pushing for a banking union that would watch over and bind together the currency group's faltering financial institutions.
Europe's commissioner for competition, Joaquín Almunia. His patriotism was questioned when the Spanish-born commissioner recently said that at least one Spanish bank might need to be shut down.

But for Europeans, there seems to be little appetite for such a compact right now. In fact, banks and their national regulators, anxious about the Greek elections and Spain's hastily arranged bailout, are behaving more parochially than ever.

That poses a threat to the interbank lending across borders that is crucial to maintaining liquidity -- the free flow of money that is the lifeblood of the global financial system.

French and German banks have clamped off much of the lending to their counterparts in Italy and Spain, which in turn are primarily giving loans to their own debt-laden governments.

And in Madrid, even after European finance ministers agreed to a 100 billion euro, or $125 billion, rescue of Spain's failing banks, the always proud Spanish government is insisting that it -- and not Brussels bureaucrats -- will take charge of how and where the funds are deployed.

Let's unpack this.

by Nomad on Mon Jun 18th, 2012 at 05:16:52 PM EST
[ Parent ]
Bill Mitchell: Michal Kalecki - The Political Aspects of Full Employment (August 13, 2010)
several readers have asked me whether I am familiar with the 1943 article by Polish economist Michal Kalecki - The Political Aspects of Full Employment [PDF]. The answer is that I am very familiar with the article and have written about it in my academic work in years past. So I thought I might write a blog about what I think of Kalecki's argument given that it is often raised by progressives as a case against effective fiscal intervention.
Kalecki's argument should be energizing progressives to fight the political opposition to full employment policies, not make 'progressives' resign themselves to the impossibility of a full employment policy...
Quite clearly we are witnessing an obscene campaign that is successfully opposing the use of fiscal stimulus and undermining the well-being of a great many people. But it is also undermining the core industrial sectors like manufacturing and construction where the old "captains of industry" were prominent.

...

The point I would make is that the major political blockages are no longer those that Kalecki foresaw. The opponents of fiscal activism are a different elite and work against the "captains of industry" just as much as they work against the broader working class.

The growth of the financial sector and global derivatives trading and the substantial deregulation of labour markets and retrenchment of welfare states has altered things considerably since Kalecki wrote his brilliant article in 1943.



If you are not convinced, try it on someone who has not been entirely debauched by economics. — Piero Sraffa
by Migeru (migeru at eurotrib dot com) on Mon Jun 18th, 2012 at 07:56:34 PM EST
[ Parent ]
People do not realize the detrimental effect of finance extracting between html 29 and 50 percent of the corporate profits from the US domestic economy. In 2010 that was 29%, or $57.7 billion in 2010, a bad year. It has the same effect on the economy as a tax, except that government spending allegedly financed by such a tax would produce more useful results, especially if that spending was on badly needed infrastructure. But libertarians think tanks would be overflowing with foam were a new tax on incomes over $250,000/year to yield such a sum. For them taxes should fall on the necessities of the bottom 90% of the poopulation. (I decided to leave the typo. :-) )  

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon Jun 18th, 2012 at 11:13:14 PM EST
[ Parent ]
Independent - Letters - What crisis? The rich are doing fine


John Kampfner asks: "Which politician will be brave enough to tell voters the days of abundance are over?" and describes the need for a new paradigm (Opinion, 18 June). Can I suggest that with nearly $2trn secreted "offshore" in 2011 alone the new paradigm starts with closing all the offshore tax havens: the Cayman Islands, Bermuda, Jersey, Isle of Man, Luxembourg, Monaco, and ending the rights of Swiss citizens to travel freely in the EU.

If there is to be any semblance that "we are all in this together", equality of taxation has to be a priority. If the period of "abundance" is over then we can no longer afford the self-indulgences of the untaxed rich who choose to reside here free of their proper responsibility as citizens.

It is perhaps not astonishing that this aspect of "sustainability" seems to be entirely overlooked by the 50,000-strong "professional village" that has decamped to Rio+20.

Peter Hack

Bristol

It should b noted that the Independent is owned by Alexander Leedev, a russian who I presume is one of the "untaxed rich who choose to reside here free of their proper responsibility as citizens".

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Tue Jun 19th, 2012 at 05:33:21 AM EST
[ Parent ]
by Nomad on Mon Jun 18th, 2012 at 04:17:57 PM EST
Syrian forces pound cities; Russia readies marines | Reuters

Syrian security forces pounded opposition areas across the country on Monday and at least 79 people were killed in violence that has escalated since international observers suspended their mission, activists said.

Intense artillery fire was reported in Douma, a town 15 km (9 miles) outside the capital Damascus that has for weeks been under the partial control of rebels who have joined the 15-month-old revolt against President Bashar al-Assad.

"We can't even accurately count the dead because we have so many injured people to treat, there's no time to think about anything else," said an activist in Douma who called himself Ziad.

"The army attacks all the time. They have tanks, missiles, mortars, and artillery. Even helicopters have fired on us. People can't escape because the army is surrounding the town."

The British-based Syrian Observatory for Human Rights, which has a network of activists across Syria, said 51 civilians and rebel fighters had been killed on Monday, seven of them in Douma.

It said 28 members of the security forces were also killed in clashes with rebels in Deir al-Zor, Damascus and Deraa.

by Nomad on Mon Jun 18th, 2012 at 05:25:41 PM EST
[ Parent ]
.:Middle East Online::Russia-US talks on Assad begin with deployment of Russian warships to Syria:.

Russia is preparing to send two warships to the Syrian port of Tartus, where Moscow operates a strategic naval base, to ensure the safety of its nationals, the Interfax news agency reported Monday.

The report comes as Russian President Vladimir Putin was set to meet his US counterpart Barack Obama on the sidelines of the G20 summit in the Mexican resort of Los Cabos later Monday amid tensions over Syria clouding bilateral ties.

"Two major amphibious ships -- The Nikolai Filchenkov and The Tsezar Kunikov -- are preparing to be dispatched to Tartus outside of their schedule," the Russian news agency quoted an unidentified officer from the Russian naval headquarters as saying.

The two ships will carry a "large" group of marines, Interfax added. There was no official confirmation of the report from the navy or the defence ministry.

The Tsezar Kunikov can carry 150 landing troops and various armaments including tanks, while The Nikolai Filchenkov can carry up to 1,500 tonnes of cargo and equipment, the report said.

by Nomad on Mon Jun 18th, 2012 at 05:26:20 PM EST
[ Parent ]
Barack Obama to put pressure on Vladimir Putin over Syria at G20 | World news | guardian.co.uk

Barack Obama plans to put fresh pressure on Vladimir Putin at the G20 summit to accept that Bashar al-Assad's government in Syria is not sustainable and should no longer be propped up.

The meeting of the US and Russian presidents, at the start of the summit in Los Cabos, Mexico, will be their first since Putin's re-election. The two sides have become increasingly suspicious of one another, with the Americans claiming the Russians are sending arms shipments to Syria, an accusation that the state department has subsequently had to refine.

David Cameron is due to hold separate talks with Putin, hoping that the combined pressure from Saudi Arabia, western European governments and the US at the G20 could persuade Russia - and to a lesser extent China - that the Assad regime is not worth protecting.

Unarmed UN military observers pulled out of Syria at the weekend, leaving a peace plan drawn up by the former UN secretary general Kofi Annan looking increasingly precarious. The Russians have proposed as an alternative an international conference attended by key players in the region, including Iran.

Cameron said: "I don't think Iran attending a conference is the right approach. We're not opposed to a conference so long as it has agendas and outcomes. The key is to work on that bit of the Annan plan which could help to deliver political change at the top of Syria.

by Nomad on Mon Jun 18th, 2012 at 05:26:44 PM EST
[ Parent ]
Egypt's Quiet Putsch Could Lead to New Unrest - SPIEGEL ONLINE

The timing couldn't have been more carefully chosen. While Egyptians were focused on the emerging results of their first free presidential election held on Sunday, the ruling military council issued eight amendments to the country's interim constitution that effectively secure the generals' power.

OAS_RICH('Middle2'); The move means that the Supreme Council of the Armed Forces (SCAF) will take on parliament's lawmaking duties until the parliament -- which was dissolved on Saturday -- is elected again. At the same time, the military council has also taken charge of the national budget and the development of a new constitution. The new president, to whom the council says it wants to hand power over to at the end of June, will have no sway over the country's military forces. Already on Tuesday, the army gave itself far-reaching legal authority through a sort of emergency law, which will allow them to try any Egyptian before a military court. The military now holds legislative, executive and judicial power -- at least in part.

But Egyptians didn't seem to realize what had befallen them until Sunday night. The country's citizens had been fixated on the votes being counted on live television for the presidential election. Late in the evening, both candidates made victory announcements, with the Islamist Muslim Brotherhood's candidate Mohammed Mursi and former Mubarak associate Ahmed Shafiq each claiming they recieved 52 percent of the vote. The official count isn't expected until Thursday.

The predictable conflict over the election result was the perfect distraction, but then the outrage spread quickly. In an interview with broadcaster Alhayat, renowned commentator Aiman Sadshad warned that the future president would have no possibility of controlling or stopping decisions by the military council. "The president will be unable to change the defense minister or the members of the council," he said, adding that the SCAF was now "untouchable."

by Nomad on Mon Jun 18th, 2012 at 05:27:27 PM EST
[ Parent ]
Marc Lynch | FOREIGN POLICY

The best guide to the chaos of Egyptian politics is Hobbes.  No, not Thomas Hobbes --- Calvin and Hobbes.  Analysts have been arguing since the revolution over whether to call what followed a transition to democracy, a soft coup, an uprising, or something else entirely.  But over the last week it's become clear that Egyptians are in fact caught up in one great game of Calvinball.   

For those who don't remember Bill Watterson's game theory masterpiece, Calvinball is a game defined by the absence of rules -- or, rather, that the rules are made up as they go along. Calvinball sometimes resembles recognizable games such as football, but is quickly revealed to be something else entirely.   The rules change in mid-play, as do the goals ("When I learned you were a spy, I switched goals. This is your goal and mine's hidden."), the identities of the players ("I'm actually a badminton player disguised as a double-agent football player!") and the nature of the competition ("I want you to cross my goal. The points will go to your team, which is really my team!")

by Nomad on Mon Jun 18th, 2012 at 05:29:41 PM EST
[ Parent ]
Maybe. I think it's more like there is one team that knows exactly what it wants, which is for all the money in the system to flow into its pockets, and another team that can't articulate what it wants because it's forgotten what has been learned in 200 years of industrialized society. Team A isn't making up the rules as they go along. Team B is, though.
by asdf on Mon Jun 18th, 2012 at 10:14:56 PM EST
[ Parent ]
Robert Fisk: Mubarak's 300,000-strong army of thugs remains in business despite elections - Robert Fisk - Commentators - The Independent

As millions of Egyptians turn their backs on the brave young revolutionaries of Tahrir Square, today is the day to remember old General Mohammed Neguib, who kicked off Egypt's first post-war revolution by plotting the overthrow of King Farouk almost exactly 60 years ago. He and his fellow Egyptian army officers had been debating whether to execute the obese Farouk or send him into exile. Nasser opted to shoot the monarch. Neguib asked for a vote. In the early hours, Nasser wrote a note to Neguib: "The Liberation Movement should get rid of Faruk [sic] as quickly as possible in order to deal with what is more important - namely, the need to purge the country of the corruption that Faruk will leave behind him. We must pave the way towards a new era in which the people will enjoy their sovereign rights and live in dignity. Justice is one of our objectives. We cannot execute Faruk without a trial. Neither can we afford to keep him in jail and preoccupy ourselves with the rights and wrongs of his case at the risk of neglecting the other purposes of the revolution. Let us spare Faruk and send him into exile. History will sentence him to death."

The association of corruption with the ancien regime has been a staple of all revolutions. Justice sounds good. And today's Egyptians still demand dignity. But surely Nasser got it right; better to chuck the old boy out of the country than to stage a distracting and time-consuming trial when the future of Egypt, the "other purposes of the revolution", should be debated. Today's military played an equally shrewd but different game: they insisted Mubarak go on trial - bread and circuses for the masses, dramatic sentences to keep their minds off the future - while realigning the old Mubarakites to preserve their own privileges.

The ex-elected head of the judges' club in Egypt, Zakaria Abdul-Aziz, has rightly pointed out that even if Mubarak was put on trial, the January-February 2011 killing went on for days, "and they [the generals] did not order anyone to stop it. The Ministry of Interior is not the only place that should be cleansed. The judiciary needs that."

It was Mubarak's senior judges who permitted the deposed dictator's last Prime Minister, Ahmed Shafik, to stand in this weekend's run-off for President. As Omar Ashour, an academic in both Exeter and Doha, has observed, "when protesters stormed the State Security Investigations [SSI] headquarters and other governorates in March 2011, torture rooms and equipment were found in every building".

by Nomad on Mon Jun 18th, 2012 at 05:31:24 PM EST
[ Parent ]
Iran Nuclear Offer Isn't Enough to Delay EU Oil Embargo - Bloomberg
Iran's signal of willingness to compromise over the most contentious part of its nuclear program failed to convince the European Union to reconsider a pending embargo on oil shipments from the Persian Gulf country.

Diplomats adjourned in Moscow after five hours of meetings and will reconvene talks tomorrow over Iran's atomic work that officials say probably won't yield enough progress to end the threat of military strikes. Chinese, French, German, Russian, British and U.S. negotiators met with their Iranian counterparts behind tight security at a hotel near Russia's Foreign Ministry.

"All the sanctions that are supposed to come into force on July 1 will come into force on July 1," EU foreign-policy spokesman Michael Mann said in an interview today in the Russian capital. "We've taken a political decision that this is an important measure to put pressure on the Iranian regime."

The so-called P5+1 group wants Iran to suspend production of uranium enriched to 20 percent, while the Islamic republic is pressing for relief from sanctions set to tighten when the EU oil embargo kicks in. European insurers and shipping companies carrying Iranian crude to other parts of the world will be affected by the embargo and shouldn't expect relief, Mann said.

Today's talks were "constructive and serious,'' Iran's deputy negotiator, Ali Bagheri, told reporters after the meeting ended. Mann said that while the negotiations were "very intense, tough," they had been more substantive than those in Baghdad last month.

by Nomad on Mon Jun 18th, 2012 at 05:33:34 PM EST
[ Parent ]
BBC News - Rwanda 'gacaca' genocide courts finish work

Rwanda's community courts, known as gacaca, have finished their work, after 10 years of trying those accused of involvement in the 1994 genocide.

The courts were set up to speed up the prosecution of hundreds of thousands of genocide suspects awaiting trial.

Human rights group say the gacaca fell well short of international legal standards.

About 65% of the close to two million people tried have been found guilty, according to latest government figures. Controversial justice

Rwanda's legal system was left in ruins after the massacres by ethnic Hutu militia and soldiers of some 800,000 minority Tutsis and politically moderate Hutus in 100 days between April and June 1994.

The UN's International Criminal Tribunal for Rwanda was set up in neighbouring Tanzania to try the ringleaders of the genocide - it has convicted 38 people and acquitted eight so far. It is due to be closed down at the end of the year.

But this left hundreds of thousands of people accused of involvement in the killings, leading to an enormous backlog of cases in Rwanda.

Correspondents say up to 10,000 people died in prison before they could be brought to justice.

by Nomad on Mon Jun 18th, 2012 at 05:34:42 PM EST
[ Parent ]
Uneasy calm in Myanmar's Rakhine - Asia-Pacific - Al Jazeera English

Myanmar's government says 50 people have been killed in two weeks of fighting between Buddhists and Muslims in the western state of Rakhine.

While there has long been tension between the ethnic Buddhist Rakhines and the Muslim Rohingyas, regarded as
illegal immigrants from Bangladesh, the recent clashes began when a Buddhist woman was raped and murdered, allegedly by three Muslim men.

With no near end in sight, more than 30,000 people have now fled their homes to escape the violence.

by Nomad on Mon Jun 18th, 2012 at 05:39:39 PM EST
[ Parent ]
Suu Kyi says Myanmar must clarify citizenship laws | Reuters

Opposition leader Aung San Suu Kyi said on Monday Myanmar must clarify citizenship laws underlying ethnic tensions in the country, but declared she was unsure whether Muslim Rohingyas at the centre of clashes could be regarded as nationals.

Secular violence between Rakhine Buddhists and stateless Muslim Rohingyas in the northwestern Rakhine region have clouded Suu Kyi's first visit to Europe in nearly a quarter of a century and has tested the country's fragile transformation.

"If we were very clear as to who are the citizens of the country, under citizenship laws, then there wouldn't be the problem that is always coming up, that there are accusations of that some people do not belong in Bangladesh, or some people do not belong in Burma," Suu Kyi told a news conference.

The violence, which displaced 30,000 people and killed 50 in Myanmar, also known as Burma, flared last month with a rampage of rock-hurling, arson and machete attacks, after the gang rape and murder of a Buddhist woman that was blamed on Muslims.

Tensions stem from an entrenched, long-standing distrust of around 800,000 Muslim Rohingyas, who are recognized by neither Myanmar nor neighboring Bangladesh, and are largely considered illegal immigrants.

"We are not certain exactly what the requirements of citizenship laws are," said Suu Kyi, who spent a total of 15 years under house arrest between 1989 and her release in 2010.

Asked whether the Rohingyas should be regarded as Burmese, she replied, "I do not know."

"There are some who say that some of those who claim to be Rohingyas aren't the ones actually native to Burma, but have just come over recently from Bangladesh," she said.

"On the other hand Bangladesh says no, they don't want them as refugees because they are not native to Bangladesh but come from Burma," said Suu Kyi, who accepted her 1991 Nobel Peace Prize on Saturday and her 1990 Rafto human rights prize on Sunday.

The violence has put both Suu Kyi and Myanmar President Thein Sein in a tight spot. The government is under pressure from rights groups and Western countries to show compassion towards the Rohingyas but a policy shift risks angering the public.

The tension is also testing the quasi-civilian government which emerged from a 2010 vote, which has surpassed expectations in introducing a series of reforms to try to rid the country of its pariah status after decades of isolation and decay.

by Nomad on Mon Jun 18th, 2012 at 05:50:44 PM EST
[ Parent ]
Mayors back parents seizing control of schools | Reuters

Hundreds of mayors from across the United States this weekend called for new laws letting parents seize control of low-performing public schools and fire the teachers, oust the administrators or turn the schools over to private management.

The U.S. Conference of Mayors, meeting in Orlando, Florida, on Saturday unanimously endorsed "parent trigger" laws aimed at bypassing elected school boards and giving parents at the worst public schools the opportunity to band together and force immediate change.

Such laws are fiercely opposed by teachers' unions, which stand to lose members in school takeovers. Union leaders say there is no proof such upheaval will improve learning. And they argue that public investment in struggling communities, rather than private management of struggling schools, is the key to boosting student achievement.

But in a sign of the unions' diminishing clout, their traditional political allies, the Democrats, abandoned them in droves during the Orlando vote.

by Nomad on Mon Jun 18th, 2012 at 06:05:11 PM EST
[ Parent ]
by Nomad on Mon Jun 18th, 2012 at 04:18:01 PM EST
Rio+20: France seeks one agenda to end poverty and protect environment | Global development | guardian.co.uk

The French president François Hollande, one of the only major western leaders scheduled to attend the Rio+20 Earth summit this week, will argue that sustainable development and the fight against poverty must be united in one agenda.

In an interview with the Guardian, Pascal Canfin, the new French development minister who will prepare the French negotiations in Rio, said: "We want one single agenda, to integrate sustainable development within the millennium development goals of poverty reduction. It's not about saying we'll replace the millennium goals with sustainable development goals.

"I know there are fears about that. It's about saying that in today's world, where the planet is at the limit of its ecosystem's capacity, the fight against poverty has to take into account environmental issues such as water, energy, urban development. "

While David Cameron and Angela Merkel are sending deputies and Barack Obama has yet to confirm, Hollande will fly to Rio on Wednesday, joining two French cabinet ministers. Asked whether France is seeking to take the lead while other western powers step back, Canfin said: "France is not there to take anyone else's place or speak in their name; we simply want it to be a success. We'll be in Rio because we want it to work."

Hollande, who has already warned against the risk of failure in Rio and "words that aren't met by actions", is under pressure to prove his environmental credentials in France and show the economic crisis has not knocked the environment and development off the agenda.

by Nomad on Mon Jun 18th, 2012 at 05:53:56 PM EST
[ Parent ]
At Rio+20 environmental summit, is 'catastrophe' inevitable? - CSMonitor.com
So what happens if you hold a UN conference on sustainable development, and world leaders make speeches, and sign treaties, and then nothing happens?

This, of course, would be absurd. The problem, says Bill Easterly, a development expert at New York University, is that nothing has happened in the 20 years since the first Rio Earth Summit, in which all the world's nations gathered and promised to address major environmental problems and then held more environmental summits, and then a few more.

As Mr. Easterly tweeted, "Delegates gather in Rio to commemorate 20 years of nothing happening since a UN Summit where nothing happened."

The most charitable way to look at the past 20 years of environmental conferences is to see them as the beginning of a global conversation on the common threats of carbon emissions (also known as air pollution) and greater awareness of the dire consequences we all face if nations don't get serious about developing in a cleaner and environmentally sustainable way.

by Nomad on Mon Jun 18th, 2012 at 05:54:56 PM EST
[ Parent ]
"Delegates gather in Rio to commemorate 20 years of nothing happening since a UN Summit where nothing happened."
I just hope I'm far enough away from the shit storm when reality really hits the fan. Nothing good is going to happen for the world's environment with 7 billion plus folks gnawing at the planet. The sooner catastrophe happens, the more resources and biodiversity will left for whatever comes after - that's the extent of my optimism.
by Andhakari on Tue Jun 19th, 2012 at 03:54:16 AM EST
[ Parent ]
I could argue that no catastrophe is coming, except "rolling waves of catastrophe" that are already upon us, and will continue gathering strength.

In any case, no matter where you are, we're all connected in this disaster together.

And only a change in consciousness can mitigate the rolling waves. Erowid. The political changes will follow.

Speaking of which, Happy Belated Birthday, Sasha Shulgin



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

by Crazy Horse on Tue Jun 19th, 2012 at 04:15:17 AM EST
[ Parent ]
See Nomad's Dubai photos below.  Or...



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

by Crazy Horse on Tue Jun 19th, 2012 at 04:36:05 AM EST
[ Parent ]
IPS - New Set of Sustainable Development Goals Looks Beyond 2015* | IPS Inter Press Service

When world leaders from over 100 countries wind up their three-day Rio+20 summit in Brazil next week, they will leave behind the shattered remains of a slew of proposals that never got off the ground.

A 30-billion-dollar Global Fund for Sustainable Development? A Financial Transactions Tax? A Sustainable Development Index? A Sustainable Development Council? A Global Fund for Education? A World Environment Organisation? An Inter-governmental Body on Tax Matters?

The proposals originated from environmental activists, non-governmental organisations (NGOs), human rights groups, the U.N.'s NGO Committee on Financing for Development and a High-Level Panel on Global Sustainability.

After continued stalemate - over issues relating mostly to financing and technology transfers - the 193-member Preparatory Committee (PrepCom) failed to reach agreement Friday on a blueprint for a green economy and sustainable development worldwide.

A consolidated document produced by Brazil, in its capacity as president of the summit (also known as the U.N. Conference on Sustainable Development), is likely to be the final action plan titled "The Future We Want" to be endorsed by world leaders when they arrive in Rio Jun. 20.

by Nomad on Mon Jun 18th, 2012 at 05:56:12 PM EST
[ Parent ]
Climate Progress | ThinkProgress

How can world leaders at the Rio+20 Earth Summit next week show that they are serious about sustainable development and environmental protection? The answer is simple: end fossil fuel subsidies.

Every year, governments around the world give nearly $1 trillion dollars of public money to the fossil fuel industry. Three years ago, the G20 committed to phase-out these handouts to coal, oil and gas companies, but they haven't taken any action since.

Now is the perfect time. This June 18, finance ministers and heads of state from G20 countries will come together in Los Cabos, Mexico. Three days later, more than 100 presidents and prime ministers will join over 50,000 people at the Rio+20 Earth Summit, the largest environmental conference in world history. Both meetings offer a clear opportunity for world leaders to step up to the plate and stop these outrageous handouts.

After all, how can you have a serious discussion about funding sustainable development without taking on the hundreds of billions of dollars handed over to the fossil fuel sector each year? A mere fraction of these subsidies could jumpstart thousands of clean energy projects around the world. Large scale transfers of money from dirty to clean investments could catalyze the type of worldwide energy transformation that is desperately needed.

And pony's too.

by Nomad on Mon Jun 18th, 2012 at 05:56:37 PM EST
[ Parent ]
Rio 2012: it's a make-or-break summit. Just like they told us at Rio 1992 | George Monbiot | Comment is free | The Guardian

This week's earth summit in Rio de Janeiro is a ghost of the glad, confident meeting 20 years ago. By now, the leaders who gathered in the same city in 1992 told us, the world's environmental problems were to have been solved. But all they have generated is more meetings, which will continue until the delegates, surrounded by rising waters, have eaten the last rare dove, exquisitely presented with an olive leaf roulade. The biosphere that world leaders promised to protect is in a far worse state than it was 20 years ago. Is it not time to recognise that they have failed?

These summits have failed for the same reason that the banks have failed. Political systems that were supposed to represent everyone now return governments of millionaires, financed by and acting on behalf of billionaires. The past 20 years have been a billionaires' banquet. At the behest of corporations and the ultra-rich, governments have removed the constraining decencies - the laws and regulations - which prevent one person from destroying another. To expect governments funded and appointed by this class to protect the biosphere and defend the poor is like expecting a lion to live on gazpacho.

You have only to see the way the United States has savaged the Earth summit's draft declaration to grasp the scale of this problem. The word "equitable", the US insists, must be cleansed from the text. So must any mention of the right to food, water, health, the rule of law, gender equality and women's empowerment. So must a clear target of preventing two degrees of global warming. So must a commitment to change "unsustainable consumption and production patterns", and to decouple economic growth from the use of natural resources. Most significantly, the US delegation demands the removal of many of the foundations agreed by a Republican president in Rio in 1992. In particular, it has set out to purge all mention of the core principle of that Earth summit: common but differentiated responsibilities. This means that while all countries should strive to protect the world's resources, those with the most money and who have done the most damage should play a greater part.

This is the government, remember, not of George W Bush but of Barack Obama.


by Nomad on Mon Jun 18th, 2012 at 06:33:45 PM EST
[ Parent ]
So this is the great question of our age: where is everyone? The monster social movements of the 19th century and first 80 years of the 20th have gone, and nothing has replaced them. Those of us who still contest unwarranted power find our footsteps echoing through cavernous halls once thronged by multitudes. When a few hundred people do make a stand - as the Occupy campers have done - the rest of the nation just waits for them to achieve the kind of change that requires the sustained work of millions.


If you are not convinced, try it on someone who has not been entirely debauched by economics. — Piero Sraffa
by Migeru (migeru at eurotrib dot com) on Tue Jun 19th, 2012 at 04:17:43 AM EST
[ Parent ]
EU court backs environmentalists in pesticide case | EurActiv

A European Union court has annulled a Commission decision rejecting two environmental groups' request for an internal review of a pesticide regulation.

The General Court's decision on 14 June called into question the narrow wording of the regulation that obliges the EU's institutions to protect the rights of civil society to participate in environmental decision-making.

The plaintiffs in the case - Stichting Natuur en Milieu, a Dutch environmental foundation, and Pesticide Action Network Europe, a group that campaigns against the use of chemical pesticides - welcomed the outcome. François Veillerette, who heads the Pesticide Action Network, urged the commission to accept the decision and not appeal it to the European Court of Justice.

Jeremy Wates of the European Environmental Bureau (EEB), a Brussels campaign group, said the ruling "vindicates longstanding concerns in the NGO community that the EU has failed to provide sufficient opportunities for NGOs to hold EU institutions to account."

The pesticide regulation at the centre of the case specifies maximum residue levels of pesticides for certain food and feed products.

When the two environmental groups asked the Commission to review the pesticide regulation, they based that request on the Aarhus Regulation. The latter applies to EU institutions the protections provided by the United Nations' Aarhus Convention on access to information.

That convention was introduced to supplement substantive environmental protections with procedural rights to enforce violations of those standards. It was approved on behalf of the European Union by a Council decision in February of 2005.

by Nomad on Mon Jun 18th, 2012 at 05:57:27 PM EST
[ Parent ]
In Brazil, a teen's fight against deforestation starts to pay off | MNN - Mother Nature Network
First came the coffee growers. Then the charcoal makers. And finally, when the last trees had been cleared, there came the cattlemen, who grazed their cows on the denuded hillsides.

Several centuries of human activity have left a deep scar in the Atlantic rainforest north of Rio.

Between patches of primary forest which are a haven to rare birds and mammals, hill after hill has nothing but thin grass and eroded soil.   Reversing this loss would seem like a lost cause, yet another defeat in the long battle to preserve the environment.

But nothing appears to deter Mauricio Ruiz, whose encounter at the age of 15 with a Brazilian poet made him resolved to bring the phantom forest back to life.   He invested every cent in his pocket -- 20 reals, around $10 -- to start a tree-planting initiative.

Fourteen years later, his organisation, the Instituto Terra de Preservacao Ambiental, is beginning to see the rewards of struggle.   Spades and seedlings in hand, its 130 employees and army of seasonal workers are marching across the hills. In their wake, they have left 670,000 young trees, drawn from 55 native species.   "We hope to reach the million mark by the end of 2012. Our goal is to plant 18 million trees covering 18,000 hectares (69.5 square miles)," Ruiz said.

by Nomad on Mon Jun 18th, 2012 at 05:59:03 PM EST
[ Parent ]
Norway asks Brazil to spend rainforest funding | News

Norwegian authorities wants Brazil to improve the country's spending of the NOK 2,5 billion Norway has awarded to the rainforest since 2009. At least NOK 2 billion of this funding is still sitting in the bank. At the climate summit in Copenhagen in 2009, Brazil committed to reduce the cutting of the rainforest by 80 percent before 2020. Norway's investment helped fund the Amazons Fund, and up until now the money has mainly been spent on implementing a deforestation program. Minister of Environment Bård Vegard Solhjell and Minister of Development Heikki Holmås both traveled to the Amazons on the weekend. Solhjell will meet with the Minister of Enviroment in Brazil to discuss how the money will be spent in the years ahead. "We are very concerned with only giving out money to projects we know work, and that will help preserve the rainforest. But we want to Brazilian government to become even better at investing these funds, and that's what I would like to discuss with the Minister of Enviroment," Solhjell explains.

by Nomad on Mon Jun 18th, 2012 at 05:59:13 PM EST
[ Parent ]
Solar-Power Systems May Help Bring Electricity to Rural Africa - WSJ.com

Africa may be about to get a whole lot more power.

For years, nonprofits have worked to make lighting available and affordable to Africans who aren't connected to a power grid. But they've managed to help only a tiny percentage of that population, mainly by selling them inexpensive kerosene lamps.

Now, some of the world's biggest energy companies are thinking on a much grander scale. They're conducting projects to test the viability--and marketability--of solar-powered systems to provide electricity for lighting and other purposes in villages all over Africa.

The companies are aiming to sell the systems to governments and nonprofits, which could use them to provide power to villages at a discount or for no charge. The systems cost less than it would to expand traditional power grids--offering a relatively swift, economical way to boost living standards.

The pilot programs have improved people's lives. And the market potential is enticing to the energy companies: Some 600 million people in Africa live without reliable access to electricity, according to the International Finance Corp., a division of the World Bank. The big question is how willing governments and nonprofits will be to invest in solar systems.

by Nomad on Mon Jun 18th, 2012 at 06:00:44 PM EST
[ Parent ]
Nuclear-Restart Plans Divide Japan - WSJ.com

Japan ordered a pair of reactors back online for the first time since last year's nuclear accident, but the chaos and confusion surrounding the decision highlight how unready the country may still be to restart its atomic-energy engine.

A group of cabinet ministers led by Prime Minister Yoshihiko Noda decided Saturday to restart the reactors, in a bid to wrench the economy back on track, 15 months after an earthquake and tsunami caused devastating meltdowns at the Fukushima Daiichi power plant. The government has estimated that if Japan doesn't turn any reactors back on, its economy could shrink as much as 5% by 2030.

Yet the restart decision comes a month ahead of deliberations over a new energy plan, which could call for phasing out nuclear power for good. And the restarts would come a few months before the setup of a new Japanese nuclear regulator, which will craft new safety guidelines and is expected to take a harder line on vetting reactors.

Opinion polls consistently show more than half of Japanese are opposed to nuclear power, though they fret over energy shortages expected as soon as this summer and higher electric bills if the reactors stay off. Even some of those who favor atomic energy worry the government hasn't done enough to ensure nuclear plants will be safe from a Fukushima-type accident.

Many businesses have strongly backed restarts, stating the need for stable power supplies.

by Nomad on Mon Jun 18th, 2012 at 06:01:03 PM EST
[ Parent ]
China's Shenzhou 9 docks with orbiting module 200 miles above Earth | Science | guardian.co.uk

A Chinese spacecraft carrying three astronauts has docked with an orbiting module where they will live and work for several days as part of preparations for crewing a permanent space station.

The Shenzhou 9 capsule completed the manoeuvre as scheduled shortly after 7am UK time on Monday as the Tiangong 1 module orbited 213 miles above Earth.

The capsule's crew includes 33-year-old Liu Yang, an air force pilot and China's first female astronaut.

Monday's docking was completed by remote control from a ground base in China. A manual docking carried out by one of the crew members is scheduled for later.

by Nomad on Mon Jun 18th, 2012 at 06:02:13 PM EST
[ Parent ]
10,000 germ species live in and on healthy people - News from The Associated Press

WASHINGTON (AP) -- They live on your skin, up your nose, in your gut - enough bacteria, fungi and other microbes that collected together could weigh, amazingly, a few pounds.

Now scientists have mapped just which critters normally live in or on us and where, calculating that healthy people can share their bodies with more than 10,000 species of microbes.

by Fran (fran at eurotrib dot com) on Tue Jun 19th, 2012 at 05:07:15 AM EST
[ Parent ]
by Nomad on Mon Jun 18th, 2012 at 04:18:04 PM EST
IPS - Resolution on Arms Trade `Bold but Not Bulletproof' | IPS Inter Press Service

The European Parliament sent a bold message to the world last week with its comprehensive and ambitious resolution to put an end to the illicit global arms trade. But analysts regret the new resolution ignores several key factors, such as the impact of the arms trade on the socio-economic development of recipient countries, and the involvement of civil society in future negotiations.

Next month member states will gather at the United Nations headquarters in New York to negotiate the first binding Arms Trade Treaty (ATT), a potentially ground-breaking humanitarian treaty regulating international trade in conventional weapons. Currently, there is no universal set of rules controlling the global arms trade.

According to several analysts the poorly-regulated market fuels armed conflicts and causes unnecessary human suffering. In order to address the problem, Nobel Peace laureates like the Dalai Lama, Betty Williams, Elie Wiesel and José Ramos- Horta - supported by international NGOs - have been actively advocating a binding global agreement since 1997.

According to data gathered by Control Arms, a global civil society alliance, one million of the eight million firearms produced every year are lost or stolen. As many as 747,000 people are killed in armed violence annually, while ten times that number are injured.

by Nomad on Mon Jun 18th, 2012 at 06:03:17 PM EST
[ Parent ]
BBC News - PIP implants not toxic - final report

The final report into the PIP breast implant scandal has concluded that the gel material does not cause a long-term threat to human health.

It says the implants, which were made with unauthorised silicone filler, are not toxic nor carcinogenic.

The review, led by Prof Sir Bruce Keogh, the NHS medical director, said they do have double the rupture rate of other implants.

Around 47,000 women in the UK have had the implants fitted.

Around 95% were fitted privately. A minority of operations were carried out on the NHS, mostly for breast reconstruction following cancer.

In January Prof Keogh's team concluded there was insufficient evidence to recommend the routine removal of PIP implants. But it recognised the concern that the issue was causing.

It found there was no link between PIP implants and cancer, and the evidence on increased rupture rates was inconclusive.

His final report has just been published.

by Nomad on Mon Jun 18th, 2012 at 06:03:58 PM EST
[ Parent ]
BBC News - IBM supercomputer overtakes Fujitsu as world's fastest

IBM's Sequoia has taken the top spot on the list of the world's fastest supercomputers for the US.

The newly installed system trumped Japan's K Computer made by Fujitsu which fell to second place.

It is the first time the US can claim pole position since it was beaten by China two years ago.

Sequoia will be used to carry out simulations to help extend the life of aging nuclear weapons, avoiding the need for real-world underground tests.

It is installed at the US Department of Energy's Lawrence Livermore National Laboratory in California.

"While Sequoia may be the fastest, the underlying computing capabilities it provides give us increased confidence in the nation's nuclear deterrent," said National Nuclear Security Administration (NNSA) administrator Thomas D'Agostino.

"Sequoia also represents continued American leadership in high performance computing."

by Nomad on Mon Jun 18th, 2012 at 06:04:24 PM EST
[ Parent ]
A record year for new refugees | Radio Netherlands Worldwide

Around 4.3 million people around the world fled their homes as refugees last year. The office of the UN High Commissioner for Refugees says this is the largest number of new refugees since the beginning of the century.

The UNHCR report Global Trends 2011 catalogues a series of humanitarian crises beginning in Ivory Coast at the tail end of 2010 and swiftly followed by Libya, Somalia and Sudan.

"2011 saw suffering on an epic scale,"  says High Commissioner António Guterres. "For so many lives to have been thrown into turmoil over so short a space of time means enormous personal cost for all who were affected."

Despite the large number of new refugees, the total number of refugees worldwide fell slightly last year, from 43.7 million to 42.5 million.

The UNHCR distinguishes between internally displaced people - those who stayed in their own country - (26.4 million), those who fled across the border (15.4 million) and those who applied for asylum (895,000).

The UN refugee agency is concern that the number of refugees has been above 42 million for the past five years, particularly since refugees can be expected to remain displaced for several years. Of the ten million refugees that the UN helps, almost three-quarters have been waiting for a solution to their problems for more than five years.

by Nomad on Mon Jun 18th, 2012 at 06:04:40 PM EST
[ Parent ]
The High Price of Loneliness - NYTimes.com

Loneliness stings at any age. But in older people, it can have serious health consequences, raising the risks of an earlier-than-expected death and the loss of physical functioning, according to a study published on Monday.

The report, in the Archives of Internal Medicine, is the largest yet to tease out the impact of loneliness on people in their later years. Geriatricians at the University of California, San Francisco, asked 1,604 adults age 60 and older how often they felt isolated or left out, or lacked companionship. The researchers were attempting to quantify the feeling of loneliness -- a sense of not having meaningful contact with others, accompanied by painful distress.

Answers were recorded in 2002 and every two years after through 2008. The number of older adults who reported feeling lonely -- just over 43 percent -- didn't change significantly over that period, according to Dr. Carla Perissinotto, an assistant clinical professor at U.C.S.F. and the study's lead author. About 13 percent of older adults said they were often lonely, while 30 percent said loneliness was sometimes an issue.

What did change over the six-year period was the health status of elderly men and women who felt isolated and unhappy. By 2008, 24.8 percent of seniors in this group reported declines in their ability to perform the so-called activities of daily living -- to bathe, dress, eat, toilet and get up from a chair or a bed on their own. Among those free of loneliness, only 12.5 percent reported such declines.

Lonely older adults also were 45 percent more likely to die than seniors who felt meaningfully connected with others, even after results were adjusted for factors like depression, socioeconomic status and existing health conditions.

by Nomad on Mon Jun 18th, 2012 at 06:06:44 PM EST
[ Parent ]
I just learned that Margarete Mitscherlich died a few days ago. In early 1968, I hard "read": Die Unfähigkeit zu trauern. Grundlagen kollektiven Verhaltens, 1967. [The inability to mourn. Foundations of collective behavior].
by PerCLupi on Tue Jun 19th, 2012 at 08:24:46 AM EST
[ Parent ]
by Nomad on Mon Jun 18th, 2012 at 04:18:07 PM EST
Post-Apocalypse Dubai: Artist's eerie photos imagine wild animals roaming free among crumbling remains of abandoned desert city | Mail Online

With its soaring skyscrapers, ever-green golf courses and even a ski resort, the desert city of Dubai is testament to a determined battle between man and nature.

Yet with the global downturn and mounting debts threatening its future, it is not hard to imagine this sun-seared metropolis being swallowed back up by the surrounding sands as a financial meltdown prompts its wealthy sponsors to leave, followed by the 2million mainly foreign workers depending on them.

That is the post-apocalyptic nightmare scenario realised in eerie images created by the award-winning British photographer and artist Richard Allenby-Pratt.

by Nomad on Mon Jun 18th, 2012 at 06:13:30 PM EST
[ Parent ]
outstanding salon, thanks Nomad!

It's a fine line between homage, parody, and consumer opportunism. Jess Walter
by melo (melometa4(at)gmail.com) on Mon Jun 18th, 2012 at 08:27:54 PM EST
[ Parent ]
Nothing beside remains. Round the decay
Of that colossal wreck, boundless and bare
The lone and level sands stretch far away.


If you are not convinced, try it on someone who has not been entirely debauched by economics. — Piero Sraffa
by Migeru (migeru at eurotrib dot com) on Tue Jun 19th, 2012 at 05:31:20 AM EST
[ Parent ]


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