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European Salon de News, Discussion et Klatsch - 21 June

by dvx Wed Jun 20th, 2012 at 04:07:11 PM EST

 A Daily Review Of International Online Media 


Europeans on this date in history:

1870 - birth of Clara Immerwahr, Jewish-German chemist and the wife (and unacknowledged collaborator) of fellow chemist Fritz Haber. (d. 1915)

More here and here

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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 Jun 20th, 2012 at 12:47:02 PM EST
New Greek Prime Minister accepts his position | News | DW.DE | 20.06.2012

Greece's president and religious leaders have sworn in the country's new prime minister. The leader of the conservative party, Antonis Samaras, will lead a coalition government in the troubled country.

The leader of the New Democracy party in Greece was sworn in as prime minister at the presidential palace in Athens on Wednesday. Antonis Samaras spoke briefly to President Karolos Papoulias and Orthodox priests before signing a document confirming that he would lead parliament in Athens.

"With God's help we will do everything we can to take the country out of the crisis," Samaras told reporters shortly after the ceremony.

The center-right New Democracy party will rule in coalition with the Socialist PASOK group and the smaller Democratic Left party.



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 Jun 20th, 2012 at 01:16:48 PM EST
[ Parent ]
Police arrest Toulouse hostage taker | News | DW.DE | 20.06.2012

An armed man who took four people hostage in a bank in the French city of Toulouse has been arrested by French police. The individual claimed to have links to al Qaeda.

A gunman, who kept four people hostage in a bank in the southern French city of Toulouse for several hours, was seized by police on Wednesday after they launched an assault to end the stand-off, according to police sources. The arrest is believed to have resulted in the armed man being injured.

The man's capture came shortly after he freed a second female hostage in exchange for food and water. A first hostage had been freed an hour earlier, according to French television station BFM.

BFM said the man claimed to be a member of al Qaeda, although police have yet to comment on the man's potential links to the terrorist network.



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 Jun 20th, 2012 at 01:17:10 PM EST
[ Parent ]
GPs' strike is pointless, says Andrew Lansley | Society | guardian.co.uk

The war of words between doctors and ministers over Thursday's industrial action across the NHS escalated with Andrew Lansley claiming the plans "were pointless" and unfair on patients.

In a bullish speech to NHS leaders, the health secretary portrayed doctors as greedy, unrealistic and out of touch.

"The strike is pointless. It will achieve nothing. All the BMA is doing is creating uncertainty, discomfort and difficulty for patients, most of whom could only dream of getting a pensions like theirs", Lansley told the annual conference of the NHS Confederation, which represents NHS managers.

In a bid to increase the pressure on GPs and hospital doctors ahead of the "go-slow" industrial action in which some will be involved on Friday - the first industrial action by doctors since 1975 - Lansley also claimed for the first time that doctors only contributed 20% of the total cost of their pensions.



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 Jun 20th, 2012 at 01:17:22 PM EST
[ Parent ]
It must be encouraging, though, to hear ministerial support for equity in pensions...
by asdf on Wed Jun 20th, 2012 at 06:08:35 PM EST
[ Parent ]
Note that he says "most of whom could not dream of such a pension". Not "most of us..", because andrew can dream such dreams because he does have such a pension. An even better one.

today on BBC has been a parade of people saying doctors' pensions are already very good, but nobody is saying that everybody's pension should be as good. We're still in the grubby race to the bottom while the 1% walk away with their golden parachutes and gilded pension pots.

Austerity has made fools of us all. We're all clawing each other down for the amusement of those outside the bear pit.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Thu Jun 21st, 2012 at 03:08:40 AM EST
[ Parent ]
Austerity has made fools of us all. We're all clawing each other down for the amusement of those outside the bear pit.

And, in the meantime, the Skidelskys are writing celebrated pieces about Abundance, post-scarcity and leisure (reviewed by Izabella Kaminska of FT Alphaville)

Entitled "In Praise of Leisure", it picks up beautifully from where our own "Beyond Scarcity" series left off, echoing many of the same points.

...

But on how we refuse to adjust from a scarcity mindset despite growing evidence of abundance:

But so accustomed have we become to regarding scarcity as the norm that few of us think about what motives and principles of conduct would, or should, prevail in a world of plenty.
...

In conclusion:

Over time, such a shift is bound to affect our attitude toward economics. To maximize the efficient use of our time will become less and less important; and therefore "scientific" economics, as it has developed since Robbins, will be demoted from its position as the queen of the social sciences. It can bring us to the threshold of plenty, but must then retire from its oversight of our lives. This is what Keynes had in mind when he looked forward to the day when economists would become as useful as dentists. He always chose his words carefully: It was as dentists, not doctors, that humanity would come to need economists; at the margins of life, not as a continuous, much less controlling, presence.
So is this what's really driving the financial crisis? We increasingly think yes.


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 Thu Jun 21st, 2012 at 05:10:02 AM EST
[ Parent ]
WikiLeaks founder faces arrest for breach of bail | News | DW.DE | 20.06.2012

Police in Britain have said WikiLeaks founder Julian Assange is subject to arrest for breaching his bail conditions. He remains holed up in the Ecuadorian embassy in London in the hopes of receiving political asylum.

London's police force, Scotland Yard, said on Wednesday that Julian Assange would be arrested if he stepped outside the Ecuadorian embassy, where he is currently seeking refuge.

Police said he had breached the terms of his bail agreement, which dictate that he remain at his designated bail address between 10 p.m. and 8 a.m. Assange "is now subject to arrest under the Bail Act for breach of these conditions," a spokeswoman for Scotland Yard said.

Britain's Foreign Office admitted, however, that Assange remained "beyond the reach of police" while he remained inside the embassy.



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 Jun 20th, 2012 at 01:21:48 PM EST
[ Parent ]
Assange asylum bid driven by fear of life sentence or death penalty in US | Media | guardian.co.uk

Julian Assange sought political asylum because he believed he would not "see the light of day for 40 years" if he was extradited to Sweden, according to his New York-based lawyer.

Michael Ratner of the Center for Constitutional Rights, which represents the WikiLeaks founder in the US, said Assange and his legal team considered it highly likely that he would face an onward extradition to the US if he were sent to Sweden.

"The concrete reality [is] that he was facing a political prosecution in the US, he was facing the death penalty or certainly life in jail. Faced with that, he had extremely limited choices.



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 Jun 20th, 2012 at 01:22:27 PM EST
[ Parent ]
Julian the Asylum Seeker | Nothing like The Sun

How could Julian Assange claim asylum? Ecuador is a signatory to the 1951 Refugee Convention. Under Article 1A(2) the Convention, a person is a `refugee' and must be granted asylum if

`...owing to well founded fear of being persecuted for reasons of race, religion, nationality, membership of a particular social group or political opinion, is outside the country of his nationality and is unable or, owing to such fear, is unwilling to avail himself of the protection of that country; or who, not having a nationality and being outside the country of his former habitual residence as a result of such events, is unable or, owing to such fear, is unwilling to return to it.'

If the Ecuadorean authorities interpret the Convention consistently with international norms, Mr Assange will have to show the following:



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 Jun 20th, 2012 at 04:16:41 PM EST
[ Parent ]
The article says
An individual's subjective fear must be `well founded': that means, there must be objective reasons to find that the treatment complained of or feared, really is persecution.
Usually the problem is the other way round, someone being denied asylum even though his fears as well-founded. I'm not sure that the system has developed mechanisms to stop a country being too generous with asylum. Of course, Sweden can still ask Ecuador to extradite him, but I think Ecuador has a constitutional ban on extraditing its own citizens....
by gk (g k quattro due due sette "at" gmail.com) on Wed Jun 20th, 2012 at 04:33:58 PM EST
[ Parent ]
Yes, "If the Ecuadorean authorities interpret the Convention consistently with international norms" contains a very big if.

gk:

Of course, Sweden can still ask Ecuador to extradite him

And more importantly, so could the US.

gk:

I think Ecuador has a constitutional ban on extraditing its own citizens....

Some googling gives 24 months as minimum time living in Ecuador before you can apply for citizenship. Then again, it is all political anyway so maybe they ignore that rule in this case.

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

by A swedish kind of death on Thu Jun 21st, 2012 at 06:30:19 AM EST
[ Parent ]
This is a good point:

Julian the Asylum Seeker | Nothing like The Sun

But neither Sweden and the UK will extradite anyone to a country where the accused is in peril of the death sentence if convicted of an offence, or where prison conditions are so bad as to breach his rights under Article 3 of the ECHR (`No one shall be subjected to torture or to inhuman or degrading treatment or punishment').


A vote for PES is a vote for EPP! A vote for EPP is a vote for PES! Support the coalition, vote EPP-PES in 2009!
by A swedish kind of death on Thu Jun 21st, 2012 at 06:23:30 AM EST
[ Parent ]
He probably wouldn't get the death penalty. But he might spend some time in the federal pen.

"Uncounted in the official [crime statistics] tallies are the hundreds of thousands of crimes that take place in the country's prison system, a vast and growing residential network whose forsaken tenants increasingly bear the brunt of America's propensity for anger and violence."
Prison rapes, murders, assaults -- "Crime has not fallen in the United States," Glazek writes. "It's been shifted."

http://www.latimes.com/news/nation/nationnow/la-na-nn-crime-rate-america-20120617,0,3322767.story

by asdf on Wed Jun 20th, 2012 at 06:16:56 PM EST
[ Parent ]
Assange asylum bid driven by fear of life sentence or death penalty in US | Media | guardian.co.uk
The Assange team believes the US is likely to seek to prosecute him on espionage charges, which carries a potential death penalty, and that his chances of resisting any such extradition warrant would be more difficult in Sweden, where he would not receive bail during investigations into the alleged sex crimes and where his lawyers believe political and public opposition to a US extradition claim would be weaker.

But...

European Arrest Warrant, Article 28

4. Notwithstanding paragraph 1, a person who has been surrendered pursuant to a European arrest warrant shall not be extradited to a third State without the consent of the competent authority of the Member State which surrendered the person. Such consent shall be given in accordance with the Conventions by which that Member State is bound, as well as with its domestic law.

So if he is extradited to Sweden under the European Arrest Warrant both Sweden and the UK needs to agree to an extradition to the US, unlike the current situation where only the the UK needs to agree to such an extradition.

And yes, not using bail makes it harder for well-connected suspects to flee the country. That would be the point of it.

And as for the political and public opposition to a US extradition, the two Egyptians that were carried off by the CIA in order to be tortured in Egypt was a big scandal and as I said yesterday the Pirate Party would ride an extradition of Assange all the way to parliament. I don't say that he would be safe in Sweden, but the notion that he is safer in Airstrip One appears to me a bit contrived.

So as far as I see, their argument boils down to Assange needing to stay on bail in the UK so that he can run.

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

by A swedish kind of death on Thu Jun 21st, 2012 at 05:40:34 AM EST
[ Parent ]
Ewald Nowotny warns against excessive austerity, reminding people of how it helped the Nazis take power.
Zu harte Sparpolitik habe die Nazis in den 1930er Jahren an die Macht gebracht: Österreichs Notenbankchef Ewald Nowotny hat vor einer zu strikten Sparpolitik im Kampf gegen die Eurokrise gewarnt. Weil Nowotny im EZB-Rat sitzt, ist seine Kritik besonders brisant.
by gk (g k quattro due due sette "at" gmail.com) on Wed Jun 20th, 2012 at 04:10:58 PM EST
[ Parent ]
BBC News - Jimmy Carr tax affairs 'morally wrong' - Cameron

Prime Minister David Cameron has said the tax arrangements of comedian Jimmy Carr are "morally wrong".

He made the comment to ITV News after reports that Carr was understood to be a member of a legal but aggressive tax avoidance scheme.

According to the Times, Carr told an audience on Tuesday: "I pay what I have to and not a penny more."

HM Revenue and Customs has said it is taking "firm action to protect the Exchequer from unacceptable tax loss".



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 Jun 20th, 2012 at 04:18:31 PM EST
[ Parent ]
Cameron showing his usual strategic thinking.....

Twitter / Peston: In branding Carr's legal t

In branding Carr's legal tax avoiding as "morally wrong" PM licences every journo to trawl tax affairs of every Tory donor, minister & MP

Twitter / MichaelLCrick: Tax avoidance story potent

Tax avoidance story potentially huge, maybe as big as MPs expenses, + may end up with lots of prominent politicians sending cheques to HMRC


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 Jun 20th, 2012 at 04:21:13 PM EST
[ Parent ]
The thing is, if right wingers do this, we aren't surprised or morally troubled. We expect it of them. But does that make it all right ? And if right wingers do it, then surely leftish people should be able to benefit as well ?

 Tax evasion/avoidance has been thriving since HM Govt allowed the Channel Is, Isle of Man, Bermuda, Cayman Is etc etc the right ot operate their own tax laws whilst allowing British Citizens to stash their cash their as if it was earned there. thatis, ever since the rich started setting their own rules about income tax sometime 5 minutes after income tax started.

Which is to say :Don't blame those who use them any more than you would someone who did 39mph in a 40 zone. It's legal. If you don't like it, don't vote for politicians who create the system.

No, I don't want these loopholes in existence, I want them closed. But I also accept that ours is a system run by the rich, for the rich and until a party comes into existence to change that, nothing will actually change. We currently have a system which largely consists of a choice between three conservative parties, so change is largely impossible.

I used to believe in Europe as having the potential to change that as I thought the social contracts in France and Germany to be far superior to ours. But in fact anglo-american neo liberalism has smashed these hopes. So now, Twank-like, I sit and await the collapse of civilisation just so I can say "I told you so". I don't know what else I can do

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Thu Jun 21st, 2012 at 03:18:35 AM EST
[ Parent ]
Twitter / mr_nugent: Cameron on Jimmy Carr: "mo
Cameron on Jimmy Carr: "morally wrong". Cameron on Philip Green: "I'm not going to comment on individual's tax affairs" http://news.bbc.co.uk/today/hi/today ...


Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Thu Jun 21st, 2012 at 09:08:19 AM EST
[ Parent ]
Guardian - Cameron family fortune made in tax havens

David Cameron's father ran a network of offshore investment funds to help build the family fortune that paid for the prime minister's inheritance, the Guardian can reveal.

Though entirely legal, the funds were set up in tax havens such as Panama City and Geneva, and explicitly boasted of their ability to remain outside UK tax jurisdiction.

At the time of his death in late 2010, Ian Cameron left a fortune of £2.74m in his will, from which David Cameron received the sum of £300,000.



keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Thu Jun 21st, 2012 at 06:58:24 AM EST
[ Parent ]
BBC News - Jeremy Heywood: Cuts may last '10 years'

The Cabinet Secretary Sir Jeremy Heywood has said spending cuts could continue for up to 10 years, according to sources at a well-known think-tank.

The top civil servant is reported to have made the comments at an event at the Institute for Government mostly attended by civil servants.

He was discussing the coalition's civil service reform plan.

The government has already announced the austerity programme would continue beyond the next election.

But the suggestion of a 10 year timescale had not been talked about openly, says BBC political correspondent Iain Watson.



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 Jun 20th, 2012 at 05:01:42 PM EST
[ Parent ]
Nice to know they're planning on it

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Thu Jun 21st, 2012 at 03:20:05 AM EST
[ Parent ]
Eurointelligence Daily Briefing: Berlusconi says Italy should quit eurozone unless Merkel changes course
Former Italian premier says leaving the eurozone is no blasphemy; says three outcomes possible: Merkel allows ECB to grant unconditional backstop, Germany leaves, Italy leaves; he says Merkel's policy has thrown Italy into a recessionary spiral; he claimed a number of German experts supported the idea that Germany quits the eurozone; the FT writes that a failure of this Friday's summit might seal Monti's fate, and trigger early elections as Monti is losing political support; Monti's record in office is also being questioned by an increasing number of Italian economists; Germany opposes Monti's plan for bond purchases; insists that any bond purchases would be tantamount to a full programme with a memorandum and control mechanisms; Anatole Kaletsky says that Germany is once again a menace, and Europeans should stand up to them; says Angela Merkel's concept of a political union was hegemonial; Wolfgang Munchau says German is in the grip of a mass hysteria similar to what happened in the run-up to 1933; Ewald Nowotny, the Austrian central bank president, also invokes the rise of Nazism, which arose out of excessive austerity; French PM Jean-Marc Ayrault says true debt mutualisation requires a political union; Antonis Samaras is sworn in as Greek prime minister after the agreement on a three-party coalition between New Democracy, Pasok, and the Democratic Left; Vassilis Rapanos becomes finance minister; new government comprises of 15 ministers and 20 deputies, down from a total of 49; Thomas Wieser, head of the euro working group, says Greek programme is totally off track: Greece needs either more money or needs to implements the agreed measures immediately; the Irish Independent, meanwhile, draws a parallel between the current situation and Scotland's Darien crisis 1699-1701, in which Scotland lost a fortune through speculation in Panama, and which was ultimately result through the political union with England.


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 Thu Jun 21st, 2012 at 05:31:40 AM EST
[ Parent ]
(Discussing a euro exit is still considered blasphemy by centrist European parties, especially in Italy. So this is an important statement, as he is still an influential political leader. It is also a sign that the anti-euro campaign by Beppe Grillo is having an effect.)


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 Thu Jun 21st, 2012 at 05:35:42 AM EST
[ Parent ]
Anatole Kaletsky says Germany is once again the enemy

...

"Merkel doubtless believes that she is helping Europe when she maternally instructs the Greeks, Italians and Spaniards to `do their homework' and so become good little Germans. But like its less benign predecessors, this effort to impose German hegemony is guaranteed to fail. Europe's leaders must therefore start considering a previously unmentionable question, perhaps as soon as next week's summit, if the euro crisis intensifies. This question is not whether Europe will agree to live under German leadership, but whether Germany will agree to live under EU leadership - or whether the other nations must form a united front against Germany to prevent the destruction of Europe, as they have repeatedly in the past..."
...

Wolfgang Munchau on how Germany is once again subject to a mass hysteria similar 1933

Wolfgang Munchau starts his column with the question of how the SPD could have possibly come to support the policy of Heinrich Brüning in the 1930s. His answer is the development of a dominant social narrative at the time, which turned in a mass hysteria, which nobody could escape from. This is something one does not understand unless one actually lives through it, and it is now happening again - where a conservative narrative of the crisis remains unchallenged by the left, which is now repeating its biggest historic mistake. He says a solution of the crisis is not consistent with this narrative, whose pursuit is not in Germany's self-interest as it would lead to ultimate bankruptcy - either a through a break-up or through  the pursuit of Merkel's non-committal policies. He warns his readers to be careful what they wish for when a majority advocates an end with a shock than a shock with no end. He says that would depend very much on the nature of the shock, and he called that Germany's "shock therapy" to end the depression brought the end of democracy.

Nowotny warns of excessive austerity by drawing parallels with the rise of Nazism

Ewald Nowotny used historic parallels to the rise of Naszism in Germany to warn of the potential consequences of excessive austerity in the euro crisis countries, Süddeutsche Zeitung reports. According to the paper, the Austrian central bank governor said at a conference on Monday night that the tough consolidation measures of the late 1920s produced mass unemployment in Germany which in turn led to the collapse of democracy and the takeover of power by the Nazis. While Niall Ferguson and Nouriel Roubini had made the same argument in an oped recently, this is the first time that a member of the ECB governing council makes this case. The paper says this is particularly awkward since the ECB is part of the troika that negotiates and controls the austerity measures and their implementation in the program countries.



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 Thu Jun 21st, 2012 at 05:40:23 AM EST
[ Parent ]
Munchau's column in Spiegel Online: Auf dem Weg in Dantes Hölle (20.06.2012)
Auch heute fällt es den Linken schwer, gegen die dominante konservative Narrative der Euro-Krise eine deutliche Gegenposition zu beziehen. Es ist die Narrative, wonach die Krise durch fehlende Haushaltsdisziplin verursacht wurde, dass man in die Krise hineinsparen muss, dass das Grundübel in Südeuropa fehlende Reformen sind, und dass man keine Fiskalunion oder Bankenunion braucht. Und alles wird gut, solange man sich an die Regeln hält.

...

Die These ist einleuchtend, plausibel und falsch. Genauso wie die in den frühen dreißiger Jahren beliebte These des Gesundschrumpfens - mit den bekannten Folgen. Genauso plausibel und falsch ist Thilo Sarrazin mit seinen einfachen Lösungen: "Lasst Griechenland aus dem Euro austreten, und alles wird gut."

...

Als ich damals den Schulaufsatz schrieb, war ich einfach nur entsetzt über die wirtschaftspolitische Position der Sozialdemokraten. Was ich damals nicht wirklich verstand, wie die SPD so was tun konnte. Im Zug dieser Krise habe ich begriffen, wie schnell eine irrationale Massenhysterie in einem demokratischen Land auftreten kann, und wie sie die gesamte Politik bis tief in das linke Spektrum vereinnahmt.

On the way into Dante's Inferno (20.06.2012)
Also today [as in the 1930s] it is hard for the left to maintain an authentic counterposition against the dominant conservative narrative of the Euro crisis. It is the narrative according to which the crisis was caused by a faulty budget discipline, that one must save in the crisis, that the fundamental problem in Southern Europe is lack of reform, and that no fiscal or banking union is needed. And everything will be all right, as long as rules are kept to.

...

This thesis is plausible but false. Just like the thesis of Downsizing beloved of the earlier 30's - with known consequences. Just as plausible as false is Thilo Sarrazin with his easy solutions:"Let Greece step out of the Euro, and everything will be all right."

...

When I wrote that school essay [Münchau opens his piece qith how he angered a teacher once by criticising the 1930-s SPD], I was simply appalled by the economic position of the Social Democrats. What I never truly understood was how the SPD could do that. In the course of this crisis I have grasped how quickly an irrational mass hysteria can appear in a democratic country, and how it caught the ensemble of the body politic all the way deep to the left of the spectrum.



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 Thu Jun 21st, 2012 at 06:13:00 AM EST
[ Parent ]
...and ratifications are too urgently needed for a debate, remember? Well, Germany is delaying ratification of the ESM. The Constitutional Court needs timeto decide on it.
by Katrin on Thu Jun 21st, 2012 at 08:27:49 AM EST
[ Parent ]
And they asked in public. Most unusual. It may mean that they asked in private and the answer was negative. That would show despair in the government, which the president shares.
by oliver on Thu Jun 21st, 2012 at 10:21:15 AM EST
[ Parent ]
No, that's normal procedure. What's new is the media reporting this bit of routine procedure.

Can you conceive of a president not complying to the Constitutional Court's request? I can't. Not even Gauck.

by Katrin on Thu Jun 21st, 2012 at 10:46:39 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 Jun 20th, 2012 at 12:47:18 PM EST
G20 summit strengthens eurozone | World | DW.DE | 20.06.2012

The G20 summit in Los Cabos, Mexico, has ended with a declaration against protectionism and for growth. The leaders of the world's 20 largest economies focused their attention on the crisis gripping the eurozone.

International Monetary Fund (IMF) chief Christine Largarde was relieved about the promises made at the G20 summit. IMF resources are set to be beefed up by some $456 billion (360 billion euros). The money is not explicitly earmarked for bailing out ailing eurozone countries, but it can be put to that use. Lagarde said she left Los Cabos with a sense that the G20 nations had moved closer together.

In their closing statement, the eurozone countries promised to take whatever measures necessary to maintain the stability and integrity of the region and to keep financial markets functioning.

US President Barack Obama also applauded the European effort. He said there was no doubt that all countries in Europe understood that growth strategies would have to go together with consolidation plans. The US would have to adopt similar measures, Obama said.



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 Jun 20th, 2012 at 01:21:17 PM EST
[ Parent ]
Fed Expands Operation Twist by $267 Billion Through 2012 - Bloomberg

The Federal Reserve will expand its program to replace short-term bonds with longer-term debt by $267 billion through the end of the year in a bid to reduce unemployment and protect the expansion.

The continuation of Operation Twist "should put downward pressure on longer-term interest rates and help to make broader financial conditions more accommodative," the Federal Open Market Committee said today in a statement at the conclusion of a two-day meeting in Washington.

The Fed said it is "prepared to take further action as appropriate to promote a stronger economic recovery and sustain improvement in labor market conditions in a context of price stability."

Policy makers led by Chairman Ben S. Bernanke are taking steps to shore up the world's largest economy as faltering growth leaves it vulnerable to fallout from the European debt crisis and looming fiscal tightening in the U.S. Payrolls expanded at the slowest pace in a year in May, and the jobless rate has been stuck above 8 percent since February 2009.



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 Jun 20th, 2012 at 01:21:23 PM EST
[ Parent ]
Oil Extends Decline as Inventories Reach Most Since 1990 - Bloomberg

Oil fell after the Energy Department said U.S. crude supplies rose to the highest level in 22 years and the Federal Reserve said it will expand its Operation Twist stimulus program by $267 billion through the end of the year.

Futures dropped as much as 3.5 percent after the report showed supplies increased 2.86 million barrels to 387.3 million last week, the highest level since July 1990. Analysts surveyed by Bloomberg forecast a decline. The Fed announcement came as the original Operation Twist was set to expire this month.

"We are down because inventories were plentiful even before today's report," said Todd Horwitz, chief strategist at Adam Mesh Trading Group in Chicago. "We will probably take out $80 in the next couple weeks."

Crude oil for July delivery fell $1.74, or 2.1 percent, to $82.29 a barrel at 1:10 p.m. on the New York Mercantile Exchange. Oil traded at $83.02 before release of the inventory report and $81.86 before the Fed announcement. The July contract expires today. The more actively traded August contract dropped $1.75, or 2.1 percent, to $82.60.



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 Jun 20th, 2012 at 01:31:24 PM EST
[ Parent ]
I believe Chris cook called it.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Thu Jun 21st, 2012 at 03:21:00 AM EST
[ Parent ]
Job Growth May Fizzle in U.S. as Productivity Gains: Economy - Bloomberg

The U.S. economy may be on the cusp of a pickup in productivity that will make it more difficult for Federal Reserve policy makers to reduce unemployment.

After cooling throughout last year, worker output per hour will probably rise at around 1.5 percent, in line with its long- run trend, according to economists like Ellen Zentner and Robert Gordon. That means the lower-than-forecast payroll gains in May and April may be closer to the norm than the exception for the rest of the year as companies redouble efforts to improve efficiency.

Payrolls will grow between 80,000 and 120,000 per month, less than this year's 165,000 average, even as the economy expands by about the same 2 percent, estimates Zentner, a senior economist at Nomura Securities International Inc. Fed Chairman Ben S. Bernanke earlier this year aired his concern that hiring will subside without faster economic growth.

"As the rate of productivity normalizes, businesses won't need to hire as many workers," said New York-based Zentner. "The level of job growth we've been getting over the past few months is probably pretty normal."



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 Jun 20th, 2012 at 01:31:32 PM EST
[ Parent ]
BBC: NatWest and RBS customers hit by technical problems
Customers of NatWest have reported problems with their bank accounts, with balances not being updated and online services unavailable.

...

The bank did not say how many people had been affected across the group, but Ulster Bank, which along with NatWest is also part of the RBS group, said 100,000 of its customers had been affected by "a major technical issue".

...

Customers have also reported problems accessing their online accounts for the past 24 hours.

...

However, people expecting payments from individuals or businesses which banked with NatWest could encounter problems.

Last week, Royal Bank of Scotland and NatWest launched a mobile banking app to enable people to withdraw money from cash machines using their smartphone.



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 Thu Jun 21st, 2012 at 09:21:21 AM EST
[ Parent ]
I never use telebanking and will avoid using mobile phones for as long as possible.

I will never give them the opportunity for the excuse that the "problem must have happened at my end"

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Thu Jun 21st, 2012 at 09:38:27 AM 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 Jun 20th, 2012 at 12:47:34 PM EST
Israel continues deadly attacks in Gaza - Middle East - Al Jazeera English

A Palestinian fighter has been killed as Israeli air raids on Gaza enter their third day, bringing the death toll to nine.

The latest attack took place on Wednesday in the southern town of Rafah. The victim is believed to be a member of Islamic Jihad.

The fighter died and a comrade was wounded in the attack on their motorcycle in the city located near Gaza's frontier with the Egyptian Sinai, medical officials said.

Israel said the man targeted had been involved in a raid on Monday from adjacent Sinai territory into Israel, which killed an Israeli.

Israeli fighter jets also carried out three raids against the Gaza Strip early on Wednesday, Palestinian security officials said.

The raids targeted a training centre for the Ezzedine al-Qassam Brigades, the armed wing of Hamas at Rafah in the south of the Strip, a "workshop" in Gaza City, and Hamas naval police installations in the north.



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 Jun 20th, 2012 at 01:49:23 PM EST
[ Parent ]
Afghan civilian toll rises amid new attack - Central & South Asia - Al Jazeera English

A suicide bomber on a motorbike has attacked a convoy of NATO troops in the eastern Afghan city of Khost, killing 17 people, hospital officials say, in this month's second attack on foreign forces there.

At least another 36 people were wounded in Wednesday's blast, including women and children, officials at the main hospital in the city, near the Pakistan border, said.

Police and witnesses at the scene reported US casualties.

Pentagon officials, speaking on condition of anonymity, said as many as three US troops were killed in the suicide bombing in eastern Afghanistan. The officials also said that the Afghans killed were a mix of civilians and security forces.



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 Jun 20th, 2012 at 01:49:36 PM EST
[ Parent ]
BBC News - El Salvador murders drop as gang truce passes 100 days

Murders in El Salvador have dropped from about 14 a day in March to five, as a truce between the country's powerful street gangs passed 100 days.

Police said that overall this year killings had fallen nearly 24%, while murders in May were down by more than 50% on the same period last year.

The gangs, Mara Salvatrucha and Barrio 18, agreed a halt to hostilities, in a deal brokered by the Catholic Church.

El Salvador's street gangs have a reputation for ruthless violence.

Announcing the latest crime figures, Justice and Public Security Minister David Munguia Payes said that the truce between the gangs "has had an important effect on the drop in violence".



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 Jun 20th, 2012 at 01:49:46 PM EST
[ Parent ]
Obama Asserts Executive Privilege on Gun Probe Documents - Bloomberg

The Obama administration told a U.S. House panel that the president is asserting executive privilege and refusing to turn over documents sought by lawmakers related to a U.S. law enforcement gun operation.

The Justice Department described President Barack Obama's position in a letter today to Representative Darrell Issa, a California Republican, who is chairman of the House Oversight and Government Reform Committee. The panel is scheduled to vote today over whether Attorney General Eric Holder should be held in contempt of Congress for failing to provide documents sought by Issa's panel.

Issa, as the committee meeting began, said Obama's move was an "untimely assertion" that "falls short of any reason to delay today's proceedings." Issa said the committee was proceeding with the contempt vote because Obama hadn't invoked executive privilege in a formal communication with the House.

The committee action would be the latest escalation in a standoff that began last year between Republican lawmakers and the Obama administration over Fast and Furious, a law enforcement operation that allowed illegal gun purchases in the U.S. an an effort to link the weapons to Mexican drug cartels. [Great moments in rocket science - ed.] Guns in the program ended up "lost" and will turn up at crime scenes on both sides of the U.S.-Mexico border for years, Holder told lawmakers last 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 Jun 20th, 2012 at 01:50:59 PM EST
[ Parent ]
U.S., Israel developed Flame computer virus to slow Iranian nuclear efforts, officials say - The Washington Post

The United States and Israel jointly developed a sophisticated computer virus nicknamed Flame that collected intelligence in preparation for cyber-sabotage aimed at slowing Iran's ability to develop a nuclear weapon, according to Western officials with knowledge of the effort.

The massive piece of malware secretly mapped and monitored Iran's computer networks, sending back a steady stream of intelligence to prepare for a cyber­warfare campaign, according to the officials.

The effort, involving the National Security Agency, the CIA and Israel's military, has included the use of destructive software such as the Stuxnet virus to cause malfunctions in Iran's nuclear-enrichment equipment.

The emerging details about Flame provide new clues to what is thought to be the first sustained campaign of cyber-sabotage against an adversary of the United States.



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 Jun 20th, 2012 at 01:52:15 PM EST
[ Parent ]
Americans Say They're Better Off Since Obama Took Office - Bloomberg

A plurality of Americans now say they are better off than they were when President Barack Obama was inaugurated, providing a surprising lift to Obama's re- election campaign despite troublesome economic news.

Forty-five percent of those surveyed in a Bloomberg National Poll say they are better off than at the beginning of 2009 compared with 36 percent who say they are worse off. In March, poll respondents split almost evenly on that question after having been decidedly negative since the aftermath of the worst recession in seven decades.

"I'm just tired of the doom and gloom," says Jim Seeley, 52, a mortgage banker in Traverse City, Michigan, and a poll respondent, in a follow-up interview. "I think it's looking better. People just need to stay positive."

The poll, conducted June 15-18, contains more unlikely cheer for the president, with larger numbers of respondents saying their household income is higher than a year ago. While 44 percent say they are treading water, the better off outnumbered the worse off by 28 percent to 22 percent.



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 Jun 20th, 2012 at 01:52:49 PM EST
[ Parent ]
BBC News - Egyptian presidential election result delayed

The result of Egypt's presidential election has been delayed, state television has said.

It had been scheduled to be announced on Thursday, but the Supreme Elections Commission (SPEC) says it needs more time to look into complaints presented by the candidates.

The two candidates, Mohammed Mursi and Ahmed Shafiq, both say they won.

There have been some 400 election complaints and no new date has been set for the announcement of the result.



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 Jun 20th, 2012 at 05:14:51 PM EST
[ Parent ]
Yossi Gestetner is the  New York State GOP's liaison to religious Jewish voters. Here he is explaining why the GOP is the better party for people on welfare.

He's also anti-Zionist, and against the police investigating sex abuse cases in the Jewish community. This is going to be fun.

Wait, there's a catch.

Prior to our airing an investigation and interview tonight, @Newyorkgop official @yossigestetner has resigned.
by gk (g k quattro due due sette "at" gmail.com) on Thu Jun 21st, 2012 at 03:21:58 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 Jun 20th, 2012 at 12:47:54 PM EST
Killings Of Environmentalists Appear To Be On Rise : NPR

BANGKOK (AP) -- The eulogies called Chut Wutty one of the few remaining activists in Cambodia brave enough to fight massive illegal deforestation by the powerful. The environmental watchdog was shot by a military policeman in April as he probed logging operations in one of the country's last great forests.

Nisio Gomes was the chief of a Brazilian tribe struggling to protect its land from ranchers. Masked men gunned him down in November; his body, quickly dragged into a pickup, has not been seen since.

Around the world, sticking up for the environment can be deadly, and it appears to be getting deadlier.

People who track killings of environmental activists say the numbers have risen dramatically in the last three years. Improved reporting may be one reason, they caution, but they also believe the rising death toll is a consequence of intensifying battles over dwindling supplies of natural resources, particularly in Latin America and Asia.

Killings have occurred in at least 34 countries, from Brazil to Egypt, and in both developing and developed nations, according to an Associated Press review of data and interviews.



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 Jun 20th, 2012 at 02:16:11 PM EST
[ Parent ]
Pollution, Poverty and People of Color: Asthma and the Inner City: Scientific American

AST ST LOUIS, Ill - On a clear spring day, the four-year-olds laughed as they ran out on the playground at the start of morning recess. Within minutes, one boy stopped, a terrified look on his face. Brenda Crisp and her staff immediately realized what was happening: Asthma attack.

"He escalated from zero symptoms to a severe attack in no time at all," said Crisp, director of the Uni-Pres Kindercottage daycare center. "It came out of the clear blue."

An ambulance rushed the boy to the hospital, where it took him two days to recover. Two years later, he still suffers unexpected asthma attacks and must take his nebulizer, a device that delivers a dose of corticosteroids and oxygen, wherever he goes.

This wasn't the first -- or the last -- near-deadly attack Crisp and her staff have witnessed at the daycare center. When it comes to asthma, the children of their community are at high risk.

Nearly all are African American and living in poverty. Incinerators, metal producers, power plants, chemical manufacturers and other industries ring the city. Exhaust from cars and trucks on nearby highways blankets the area, as well.



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 Jun 20th, 2012 at 02:16:23 PM EST
[ Parent ]
Antibacterials in personal-care products linked to allergy risk in children

ScienceDaily (June 19, 2012) -- Exposure to common antibacterial chemicals and preservatives found in soap, toothpaste, mouthwash and other personal-care products may make children more prone to a wide range of food and environmental allergies, according to new research from Johns Hopkins Children's Center.

Results of the NIH-funded study are published online ahead of print June 18 in the Journal of Allergy and Clinical Immunology.

Using existing data from a national health survey of 860 children ages 6 to 18, Johns Hopkins researchers examined the relationship between a child's urinary levels of antibacterials and preservatives found in many personal-hygiene products and the presence of IgE antibodies in the child's blood. IgE antibodies are immune chemicals that rise in response to an allergen and are markedly elevated in people with allergies.

"We saw a link between level of exposure, measured by the amount of antimicrobial agents in the urine, and allergy risk, indicated by circulating antibodies to specific allergens," said lead investigator Jessica Savage, M.D., M.H.S., an allergy and immunology fellow at Hopkins.



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 Jun 20th, 2012 at 02:16:39 PM EST
[ Parent ]
Colorado Fire Follows in Pine Beetles' Tracks: Scientific American

It has been nearly two weeks since a tongue of lightning touched down in the foothills of the Colorado Rockies, sparking the biggest wildfire in Larimer County history and the most destructive -- with almost 200 buildings damaged to date -- in the state's memory.

The High Park fire comes as a kind of second death for this stretch of the Arapaho-Roosevelt National Forest, where mountain pine beetles have held at epidemic levels for almost half a decade. Vast stretches of rust-red canopy, dry and primed for fire, are a testament to an infestation that has affected some 70 percent of the trees in the region.

Thanks to the beetles, there has been no shortage of ready fuel and the fire has spread quickly, whipped by sporadic winds from the southeast.

Since the blaze was set on June 9, fire crews have been working ceaselessly, and have reined in the fire at its eastern and northern edges. But converging forces are working against them.

[...]

Without rain, forest managers say, the blaze could continue throughout the summer.



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 Jun 20th, 2012 at 02:17:31 PM EST
[ Parent ]
Third oil spill fuels calls for Alberta pipeline review - The Globe and Mail

About 230,000 litres of heavy crude oil spilled from a pumping station on an Enbridge Inc. pipeline onto farmland, Alberta's oil and gas regulator, the Energy Resources Conservation Board (ERCB), said Tuesday.

 

The regulator said 1,450 barrels of oil spilled from a pumping station on Enbridge's Athabasca pipeline, 24 kilometres from Elk Point, Alta., a small town roughly 200 kilometres northeast of Edmonton. That pipeline, briefly shut down but then restarted Tuesday, connects the oil sands with Hardisty, Canada's most important crude oil hub. The spill comes while crews are still working to clean up two other large leaks in Alberta, nearly 800,000 litres of oil from a Pace Oil & Gas Ltd. well about 200 kilometres from the Northwest Territories border, and 160,000 to 480,000 litres from a Plains Midstream Canada pipeline that ruptured beneath the Red Deer River.

 

Environmental groups are now seizing on the confluence of accidents, which includes another massive spill from a Plains pipe last year, to call for an expansive look at pipeline safety in Alberta.



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 Jun 20th, 2012 at 02:17:54 PM EST
[ Parent ]
Greenpeace denied Edmonton billboard space for oil spill ad - The Globe and Mail

Pattison Outdoor has denied Greenpeace Canada the space on one of its billboards in downtown Edmonton - and handed the activist group a much bigger free PR opportunity.

On Friday, the company, which owns billboards and other ad space on public transit and in malls and airports, advised Greenpeace Canada that it had rejected its ad about oil spills in Alberta.

Greenpeace had booked the billboard space earlier in the week and submitted the design on Wednesday. Pattison rejected it two days later without giving the organization its reasons for doing so.

The bright yellow billboard design included black text that read "When there's a huge solar energy spill, it's just called a nice day. Green jobs, not more oil spills."



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 Jun 20th, 2012 at 02:18:17 PM 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 Jun 20th, 2012 at 12:48:09 PM EST
BBC News - Moderate drinking in early pregnancy branded 'safe'

Drinking a low or moderate level of alcohol in early pregnancy is not linked to developmental problems in five-year-olds, researchers say.

The Danish research, published in the BJOG journal, suggested one to eight drinks a week was not linked to harm.

In Denmark a standard drink has 12g of alcohol, compared with the UK's 7.9g.

UK pregnant women are advised not to drink, but experts say those who do should have no more than one or two units, once or twice a week.



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 Jun 20th, 2012 at 01:28:08 PM EST
[ Parent ]
Rebellious German priests seek reforms | Germany | DW.DE | 20.06.2012

Divorced Catholics who remarry are committing adultery, according to Roman Catholic law, and can't receive communion or sacraments. A group of priests in Freiburg are fighting to change these rules.

"I have not taken a vow to follow the canon law but I have a mission to work with people. That is what spiritual guidance is all about."

These words come from the Freiburg priest Konrad Irslinger, who has had enough. Together with 13 other priests and deacons from the Archdiocese of Freiburg, he is openly criticizing the Catholic Church's position on remarried couples.

The Church views marriage as an indissoluble sacrament. Remarried Catholics are excluded from the sacraments because, according to church law, they have committed adultery with their partner and are living in sin.



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 Jun 20th, 2012 at 01:28:15 PM EST
[ Parent ]
DES MOINES, Iowa -- A group of Roman Catholic nuns began a nine-state bus tour protesting proposed federal budget cuts Monday, saying they weren't trying to flout recent Vatican criticisms of socially active nuns but felt called to show how Republican policies are affecting low-income families.

http://www.huffingtonpost.com/2012/06/18/nuns-on-the-bus-catholic-_n_1606155.html

by asdf on Wed Jun 20th, 2012 at 06:21:43 PM EST
[ Parent ]
Physics Community Afire With Rumors of Higgs Boson Discovery | Wired Science | Wired.com

One of the biggest debuts in the science world could happen in a matter of weeks: The Higgs boson may finally, really have been discovered.

Ever since tantalizing hints of the Higgs turned up in December at the Large Hadron Collider, scientists there have been busily analyzing the results of their energetic particle collisions to further refine their search.

"The bottom line though is now clear: There's something there which looks like a Higgs is supposed to look," wrote mathematician Peter Woit on his blog, Not Even Wrong. According to Woit, there are rumors of new data that would be the most compelling evidence yet for the long-sought Higgs.

The possible news has a number of physics bloggers speculating that LHC scientists will announce the discovery of the Higgs during the International Conference on High Energy Physics, which takes place in Melbourne, Australia, July 4 to 11.



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 Jun 20th, 2012 at 02:18:27 PM EST
[ Parent ]
New Scientist has memorably described this as 'Higgsteria'.
by ThatBritGuy (thatbritguy (at) googlemail.com) on Thu Jun 21st, 2012 at 02:18:21 AM EST
[ Parent ]
Apparently the search for the "god-particle" hasn't given CERN administrators a clue about reality.

FT: Cern lab seeking big bang for its bucks


Geneva-based Cern, best-known for its groundbreaking experiments in pursuit of the elusive subatomic Higgs Boson particle, will allocate over $500m to hedge fund managers in the coming months.
....

But far from increasing risk, Mr Haenni and many of his peers in the pension fund industry now want hedge funds and other alternative asset managers to mitigate it. Cern's trustees made clear that they had "no tolerance for losses", Mr Haenni said.

As with a nuclear power plant or a deepwater oil well, hedge fund investing is very fine, until it isn't.

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

by Crazy Horse on Thu Jun 21st, 2012 at 03:33:14 AM EST
[ Parent ]
Swimming to freedom, and into center of fight against modern-day slavery | McClatchy

WASHINGTON -- In 2009, Cambodian Prom Vannak Anan dove into a dark sea and away from a life of beatings, unpaid labor and imprisonment on a fishing boat. The lights of a port, four miles distant, guided him. The desire to be free kept him swimming.

Anan had been a new father and husband in 2005 when a "job agent" offered him a path to a better life, then moved him far from home. Instead of a job, he was sold as a laborer to a Thai boat owner. For years, he endured physical and emotional pain, hoping for a chance to escape.

So around midnight in 2009, as the crew slept on a rare night when they anchored near enough to see the shore, he swam for freedom.

Instead of mercy, the Malaysian police he'd hoped would help sold him to a palm oil plantation. It took him another year - much of it in jail - to finally find help, freedom and a way back to his family.



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 Jun 20th, 2012 at 02:20:35 PM EST
[ Parent ]
David Nutt: alcohol consumption would fall 25% if cannabis cafes were allowed | Science | guardian.co.uk

A former government adviser on drugs has told MPs that alcohol consumption would fall by as much as 25% if Dutch-style cannabis "coffee shops" were introduced in Britain.

Prof David Nutt also told the Commons home affairs committee that he stood by his claim that horse-riding was more dangerous than taking ecstasy, despite the fact that the comparison triggered his sacking as chairman of the advisory committee on the misuse of drugs (ACMD).

Nutt told MPs the cost of policing cannabis use was only £500m a year, mainly for issuing possession warning notices, compared with the £6bn a year bill for policing the use of alcohol, including dealing with people who were drunk and disorderly.

His call for the decriminalisation of the use of all drugs was backed by a second former government drug adviser, Prof Lesley King, who told MPs that most people who took ecstasy did so without harming themselves or inflicting wider harms on society.



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 Jun 20th, 2012 at 02:20:54 PM EST
[ Parent ]


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 Wed Jun 20th, 2012 at 09:45:08 PM 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 Jun 20th, 2012 at 12:48:52 PM EST
2001 - death of John Lee Hooker, American blues musician (b. 1918).



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 Jun 20th, 2012 at 12:53:34 PM EST
[ Parent ]
wow. Danke.

"Life shrinks or expands in proportion to one's courage." - Anaïs Nin
by Crazy Horse on Wed Jun 20th, 2012 at 04:29:11 PM EST
[ Parent ]
Banker admits to taking Ecclestone bribe in F1 sale | News | DW.DE | 20.06.2012

A German banker has told a Munich courtroom that he took a $44-million payment from Formula One commercial supremo Bernie Ecclestone when brokering the sale of the commercial rights to the sport.

Former BayernLB banker Gerhard Gribkowsky broke his silence in a long-running court case against him on Wednesday, saying that he received $44 million (34.6 million euros) from Formula One string-puller Bernie Ecclestone.

When asked by judge Peter Noll whether the accusations against him were accurate, Gribkowsky described them as "essentially true."

The regional court in Munich also announced on Wednesday that Gribkowsky would probably face a jail term of around eight or nine years for the crime, irrespective of his apparent, partial late confession.



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 Jun 20th, 2012 at 01:27:59 PM EST
[ Parent ]
Does anyone have the phone number (or email) for Frau Immerwahr (always true)?

"Life shrinks or expands in proportion to one's courage." - Anaïs Nin
by Crazy Horse on Wed Jun 20th, 2012 at 04:25:52 PM EST
[ Parent ]
That has to be the shortest, saddest and most poignant between-the-lines story in all of Wikipedia.

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 Jun 20th, 2012 at 04:48:47 PM EST
[ Parent ]
There's a slightly more detailed account of her death here, though it's a bit misleading on Haber's death. They say
He moved to a post at Cambridge, but died of a heart attack while traveling through Switzerland.
True, but he died on Basel on the way to Palestine.
Haber was offered by Chaim Weizmann the position of director at the Sieff Research Institute (now the Weizmann Institute) in Rehovot, in Mandate Palestine, and accepted it. He started his voyage to what is today Israel in January 1934, after recovering from a heart attack. His ill health overpowered him and on 29 January 1934, at the age of 65, he died of heart failure in a Basel hotel, where he was resting on his way to the Middle East.
(I learnt this from Sand's new 'Invention of the land if Israel" in a side remark after dismissing the story that Weizmann had any significant role in the Balfour declaration).
by gk (g k quattro due due sette "at" gmail.com) on Wed Jun 20th, 2012 at 05:09:01 PM EST
[ Parent ]
Guardian - Goalline technology is now 'a necessity', says Sepp Blatter

The introduction of goalline technology appears all but inevitable after the Fifa president, Sepp Blatter, said it is "a necessity" in the wake of Ukraine being denied an equaliser in the 1-0 defeat to England. Blatter, who hopes to convince the game's rule-makers - the International Football Association Board - to give technology the green light, posted on Twitter: "After last night's match #GLT is no longer an alternative but a necessity."

Until now, Michel Platini, the Uefa president, has been adamant that decisions must be made by officials that now number five. Uefa admitted that a goal should have been awarded but Pierluigi Collina, its chief refereeing officer, said that although the Hungarian referee, Viktor Kassai and his team of assistants would play no further part in the tournament, no blame was being attributed to the officials.

"We made a mistake," Collina, said. "I wish we hadn't made the mistake but we did. Referees are human beings and human beings make mistakes."

It's funny how it happens. Two years ago England "score" a clear goal against Germany that isn't counted and there is no need for goal line technology. Now, when england benefit from such an injustice, something must be done.

Jes' sayin'

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Thu Jun 21st, 2012 at 03:39:17 AM EST
[ Parent ]
England did not benefit much -they would have qualified anyway.

France, though, would have been under threat of going home had the goal been allowed.

Earth provides enough to satisfy every man's need, but not every man's greed. Gandhi

by Cyrille (cyrillev domain yahoo.fr) on Thu Jun 21st, 2012 at 03:54:37 AM EST
[ Parent ]
France will be going home soon anyhow...

I would be ashamed to admit that I had risen from the ranks. When I rise it will be with the ranks, and not from them Eugene Debs
by redstar on Thu Jun 21st, 2012 at 05:12:34 AM EST
[ Parent ]
If Ukraine had scored at that point, they could well have gone on to win the game, possibly resulting in our elimination (the other result was not known at that time)

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Thu Jun 21st, 2012 at 06:51:23 AM EST
[ Parent ]
It is now a necessity because even with goal line judges the wrong call was made. So they have egg on their faces in a way they didn't before.

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 Thu Jun 21st, 2012 at 05:12:06 AM EST
[ Parent ]
It still begs the philosophical question: does removing human error from sport add to or take away from 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 Thu Jun 21st, 2012 at 05:36:26 AM EST
[ Parent ]
It is always useful to reduce error, if reasonably possible. So, to my mind, goal line technology was always a gimme, because it was do-able regarding a goal/no-goal issue.

But you cannot eliminate human judgement from refereeing football, so there will always be mistakes. So long as they remain honest mistakes, judgement can be accomodated.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Thu Jun 21st, 2012 at 06:49:04 AM EST
[ Parent ]
But you cannot tolerate needless mistakes permanently.
by oliver on Thu Jun 21st, 2012 at 10:55:10 AM EST
[ Parent ]


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