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European Salon de News, Discussion et Klatsch - 23 July

by afew Sun Jul 22nd, 2012 at 04:24:46 PM EST

 A Daily Review Of International Online Media 


Europe on this date in history:

1952 – The European Coal and Steel Community is established.

More here and here

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


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by afew (afew(a in a circle)eurotrib_dot_com) on Sun Jul 22nd, 2012 at 11:17:03 AM EST
BBC News - Norway remembers Utoeya and Oslo victims, one year on

Norway is commemorating one year since 77 people were killed and 242 hurt in gun and bomb attacks in Oslo and on the island of Utoeya.

PM Jens Stoltenberg laid a wreath in Oslo before travelling to Utoeya, where he was joined by hundreds of people, including relatives of the dead.

Anders Behring Breivik, who has admitted carrying out the two attacks, remains on trial.

"The killer failed; the people have won," Mr Stoltenberg said.

by afew (afew(a in a circle)eurotrib_dot_com) on Sun Jul 22nd, 2012 at 03:42:42 PM EST
[ Parent ]
Norway commemorates anniversary of bloodbath - The Local

Norwegians on Sunday marked a year since right-wing extremist Anders Behring Breivik massacred 77 people with a poignant memorial ceremony on the island of Utøya where most of his mainly teenage victims fell.

"Even though we carry a heavy burden, we are still standing," said the head of the Labour Party youth wing Eskil Pedersen on the anniversary of the atrocity that stunned the usually tranquil nation.

"He took some of our loveliest roses, but he could not stop the springtime," Pedersen said at Utøya, where Breivik gunned down 69 people.

He was speaking to around 1,000 Labour Party youths -- several of them survivors of the bloodbath -- who were gathered on a lawn along with Prime Minister Jens Stoltenberg and other top political officials.

Pedersen himself escaped the gunman's bullet at the start of the massacre.

by afew (afew(a in a circle)eurotrib_dot_com) on Sun Jul 22nd, 2012 at 04:11:16 PM EST
[ Parent ]
Rupert Murdoch quits boards of British papers | Reuters

(Reuters) - News Corp's Rupert Murdoch has stepped down from a string of boards overseeing the Sun, Times and Sunday Times newspapers in Britain, the company said in an internal memo on Saturday.

The company described the news as a "corporate housecleaning exercise" linked to the announcement in June that News Corp would split into two separate companies: a smaller publishing division and a much larger entertainment and TV group.

But the news is also likely to reignite speculation that News Corp could be preparing to sell the titles, following a phone hacking scandal at the now defunct mass-circulation News of the World that has damaged Murdoch's reputation in Britain.

The revelations of sustained criminality prompted an influential parliamentary committee in May to describe Murdoch as unfit to run a major company.

by afew (afew(a in a circle)eurotrib_dot_com) on Sun Jul 22nd, 2012 at 03:51:53 PM EST
[ Parent ]
Rat leaving a sinking ship

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Mon Jul 23rd, 2012 at 03:29:24 AM EST
[ Parent ]
He wants to spend more time with his family.

http://www.youtube.com/watch?v=_wp4O7v5320
by THE Twank (yatta blah blah @ blah.com) on Mon Jul 23rd, 2012 at 06:08:33 AM EST
[ Parent ]
Commissioner urges opening of EU-Japan trade negotiations: theparliament.com
The European commission has asked member states to "give the green light" for the opening of negotiations on a free trade deal with Japan, EU trade commissioner Karel De Gucht has announced.

Member states were urged to allow trade negotiations to progress with Tokyo, as Japan is "a major political and economic partner", said De Gucht, who added that the deal would strengthen ties with Europe's "second biggest trading partner in Asia".

Speaking at a press conference on Wednesday, the Belgian official suggested that, over the next 20 years, global economic growth would be primarily driven by economies in Asia, and warned that it would be "a serious mistake" to overlook Japan in the EU's trading strategy.

At a summit in June, EU leaders agreed that trade was pivotal in ensuring growth and the emergence of EU economies from the sovereign debt crisis.

The EU considers the signing of trade accords with the 80 countries where negotiations have already begun to be of high importance, which could in turn lead to the creation of over two million jobs and contribute nearly €275m to Europe's ailing economy.
by afew (afew(a in a circle)eurotrib_dot_com) on Sun Jul 22nd, 2012 at 04:14:28 PM EST
[ Parent ]
Ex-state premier slammed by own party - The Local

Former state premier of Baden-Württemberg Stefan Mappus, who stands accused of breach of trust over a multi-billion-euro buy-back of energy company shares, has come under fire from his own conservative party.

Mappus, who was absent at the Christian Democratic Union (CDU) Baden-Württemberg regional party conference on Saturday, has been accused of spending nearly a billion euros too much of taxpayer's money.

Mappus bypassed parliament to close a €4.7 billion deal to buy 45 percent of the regional utilities group EnBW in December 2010 - three months before he lost his post in the state election.

Now his party colleagues have attempted to distance themselves from the deal - which caused a national scandal earlier this month after prosecutors began criminal investigations against Mappus and his old friend Dirk Notheis, the head of investment bank Morgan Stanley's German operations.

by afew (afew(a in a circle)eurotrib_dot_com) on Sun Jul 22nd, 2012 at 04:21:27 PM EST
[ Parent ]
Les déboires allemands avec EDF German upsets with EDF
Outre un prix qui peut sembler élevé - 18 % au-dessus du prix de l'action d'alors, soit 840 millions d'euros -, les nouveaux dirigeants du Bade-Wurtemberg lui reprochent surtout de n'avoir ni consulté le Parlement pour cette opération majeure ni lancé d'appel d'offres pour sélectionner une banque d'affaires. Tout s'est fait par l'entremise du directeur de Morgan Stanley pour l'Allemagne, Dirk Notheis, qui est un ami d'enfance de M. Mappus et également un membre de la CDU.Besides a price that may seem high - 18% above the share price at the time, or 840 million euros - the new leaders of Baden-Württemberg blame him above all for not consulting Parliament for this major operation, nor tendering for an investment bank. Everything was done through the Director of Morgan Stanley for Germany, Dirk Notheis, a childhood friend of Mr. Mappus and also a member of the CDU.
Alors que, le 3 décembre, EDF semble hésiter, M. Notheis envoie un mail comminatoire, indiquant que, si besoin est, "Angela appelle l'Elysée". Au sujet de M. Mappus, il écrit : "Ne sous-estimez pas le pouvoir de ce gars. Il contrôle 30 % des délégués du parti et pourrait tuer Angela avec ses troupes." Selon ses déclarations, le ministère de l'économie français est opposé à la vente, mais "l'Elysée a donné l'ordre aux ministères concernés". M. Notheis, contraint mi-juillet de quitter Morgan Stanley, avait tout intérêt à la vente puisque les commissions de la banque se sont élevées à plus de 12 millions d'euros.Whereas, on December 3, EDF seemed to hesitate, Mr. Notheis sent a threatening email stating that, if necessary, "Angela will call the Elysee" . About Mr. Mappus, he wrote: "Do not underestimate this guy's power. He controls 30% of party delegates and could kill Angela with his troops." According to his statement, the French Ministry of Economy is opposed to the sale, but "the Elysee Palace has given orders to the relevant ministries" . Mr. Notheis, forced in mid-July to leave Morgan Stanley, had every interest in the sale as the bank's commission amounted to more than 12 million euros.
Tout cela pourrait n'être qu'une affaire allemande. Les choses ne sont pourtant pas si simples car, en France, Morgan Stanley est présidée par René Proglio, le frère jumeau du patron d'EDF.All this could be just a German affair. Yet things are not so simple because, in France, Morgan Stanley is chaired by René Proglio, the twin brother of the boss of EDF.
by afew (afew(a in a circle)eurotrib_dot_com) on Mon Jul 23rd, 2012 at 02:02:11 AM EST
[ Parent ]
François Hollande : le Vel d'Hiv, «un crime commis en France par la France» - Libération Francois Hollande: the Vel d'Hiv, "a crime committed in France by France" - Liberation
Ce dimanche matin s'est déroulée la commémoration de la rafle de juifs les 16 et 17 juillet 1942, en présence du président de la République.On Sunday morning a commemoration was held for the roundup of Jews on 16 and 17 July 1942, attended by the President of the Republic.
François Hollande a reconnu à son tour dimanche que l'arrestation de milliers de juifs lors de la rafle du Vél d'hiv, en juillet 1942. «Ce crime fut commis en France, par la France», a lancé le chef de l'Etat dans son discours prononcé sur les lieux du Vélodrome d'hiver, dans le XVe arrondissement de Paris.Francois Hollande acknowledged in his turn concerning the arrest of thousands of Jews during the Vel d'Hiv roundup, in July 1942, " This crime was committed in France, by France ," commented the head of state in his speech at the site of the former Winter Velodrome, in the fifteenth arrondissement of Paris.
Il y a 70 ans, 13.152 hommes, femmes et enfants juifs de Paris et sa banlieue furent arrêtés les 16 et 17 juillet 1942, la plupart d'entre eux parqués dans le Vélodrome d'hiver (le Vél d'hiv, démoli en 1959), avant d'être envoyés vers les camps de la mort nazis.70 years ago, 13,152 men, women and children, Jews of Paris and its suburbs were arrested on 16 and 17 July 1942, most of them parked in the Winter Velodrome (the Vel d'Hiv, demolished in 1959) before being sent to Nazi death camps.
«La reconnaissance de cette faute a été énoncée pour la première fois, avec lucidité et courage, par le président Jacques Chirac, le 16 juillet 1995», a souligné Hollande dans le livret publié par l'Elysée et distribué à l'occasion de la cérémonie de commémoration de cette rafle. Ce crime «fut aussi un crime contre la France, une trahison de ses valeurs. Ces mêmes valeurs que la Résistance, la France libre, les Justes surent incarner dans l'honneur», selon le chef de l'Etat." Recognition of this fault was made for the first time, with lucidity and courage, by President Jacques Chirac, July 16, 1995 ," said Holland in the booklet published by the Elysee and distributed at of the commemoration of the raid. This crime " was also a crime against France, a betrayal of its values. These same values ​​that the Resistance, Free France, the Righteous were able to give life to with honour ", said the head of state.
by afew (afew(a in a circle)eurotrib_dot_com) on Sun Jul 22nd, 2012 at 04:32:50 PM EST
[ Parent ]
To paraphrase Mr Orwell, "some things are true, even if they're printed in the Daily Mail"

Daily Mail - Dominic Sambrook - Bankers drowning in money. Out of touch politicians. Unaccountable quangocrats. Not for generations have those who run Britain been so far removed from the common man

Three hundred years ago, British politics and society presented a deeply unedifying picture. In the century after 1700, millions of people lived in desperately poor conditions. Deprived of any meaningful say in their own destiny and condemned to lives of demeaning drudgery, they relieved their frustrations in spasmodic outbursts of mob violence.

At the top, a narrow, gilded elite maintained tight control over the levers of patronage. Under the oligarchic system nicknamed `Old Corruption', a handful of Whig families and their fawning hangers-on jealously hoarded jobs and influence. This was a system personified by Britain's first prime minister, Sir Robert Walpole -- an immensely talented statesman, to be sure, but also one of the most corrupt politicians this country has ever produced. As a contemporary ballad remarked, the man who governed Britain from 1721 to 1742 `judged of Men's Worth by the Weight of their Fee'.

At first glance, this might seem  like ancient history, irrelevant and  obsolete in today's democratic age. I would argue not. After all, that ballad could easily apply to many of today's politicians, especially after the recent revelations about Tory donors paying for dinners with the Prime Minister. And for one acute observer of 21st- century Britain, we have come full circle



keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Mon Jul 23rd, 2012 at 02:57:25 AM EST
[ Parent ]
Another one of those "Yeah, we know. So what can we do about it?" moments. Probably shrug and wait for the next madman to go blasting away.

BTW, we can see why Assy is willing to decimate Syria in order to maintain his hold. If you're not one of the ultra-wealthy, you just aren't.

http://www.youtube.com/watch?v=_wp4O7v5320

by THE Twank (yatta blah blah @ blah.com) on Mon Jul 23rd, 2012 at 06:15:05 AM EST
[ Parent ]
Guardian - John Harris - Politics must respond to this pile-up of corporate disgrace

Three or four years ago, I read a brilliant short text by the academic Colin Crouch, then chairman of the department of social and political sciences at the European University Institute in Florence. Published in 2004, it was titled Post-democracy, and was among the most penetrating analyses of the modern condition I have read, not least when it came to the failings of politics.

Its essential point was simple enough: that after the brief postwar interlude of "maximal democracy", the decline of the labour movement and the growth of global corporate power had led to developments that now define too many societies: rising inequality, the demise of redistributive taxation, weak trade unions, and politicians - from all sides - with one overriding focus: "the concerns of a handful of business leaders whose special interests are allowed to be translated into public policy".

In his conclusion, he set out a sobering prospectus: "On many of the major issues which currently confront us, the claims made by global firms that they will not be able to operate profitably unless freed from regulation and subordination ... will continue to trump all democratic debate." In other words, the writ of Buckles, Green, Diamond, Murdoch and the rest would continue to run, Westminster politics would come down to issues of detail, and the supposed centre-left would be complicit.

Though bleak, the analysis seemed watertight - but in the midst of all this scandal (and in the wake of Crouch's post-crash book, The Strange Non-Death Of Neolberalism), I contacted him to see if even his analysis allowed for the idea that something significant finally seems to be afoot. He agreed that "widespread criticism" of corporate power and its grip on politics seems to be snowballing. "All of these companies," he said, "feel sufficiently able to control their environment that they can take these very high risks with their reputations." And, he asked, "Is this hubris? Have they stepped too far? And what are we going to find in a couple of years' time?



keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Mon Jul 23rd, 2012 at 06:44:31 AM EST
[ Parent ]
And what are we going to find in a couple of years' time?

More of the same. Will it become a "Logan's Run" scenario or a "Soylent Green" one? Depends upon what the elites decide. We's just cattle in their eyes.

The US as a starving 3rd world country ... how appropriate. Don't want to stick around to experience it ... I'm fond of eating.

http://www.youtube.com/watch?v=_wp4O7v5320

by THE Twank (yatta blah blah @ blah.com) on Mon Jul 23rd, 2012 at 07:21:51 AM EST
[ Parent ]
Someone told me to read Anthony Trollope's "The Way We Live Now" yesterday for the reason's outlined above.

And then I realized it was a thousand pages long.

by Upstate NY on Mon Jul 23rd, 2012 at 03:58:28 PM EST
[ Parent ]
Eurointelligence Daily Briefing: Spain on the verge of a nervous bailout
Spanish 10-year spreads are now over 6.2% as the country is slowly heading towards a full blown EFSF/ESM programme; two autonomous regions are asking for a central government bailout as their revenues have been in freefall; El Pais says others, including Catalonia, are likely to follow; Luis de Guindos is heading towards a visit to Berlin on Tuesday amid much speculation; El Pais quotes economists and commentators as saying that a full bailout for Spain is only a matter of time; Greece is far off course from bailout targets especially its €3bn privatisation target; Outgoing chief of the state's asset-sales fund says state likely to raise €300m only; Troika of creditors are visiting Greece this week;Der Spiegel reports that the IMF has given up on Greece, and is no longer prepared to pay out any further tranches; there is a seemingly insurmountable reluctance among eurozone member states to grant Greece a programme extension, given the country's abysmal implementation record; Greece will be allowed to a do T-Bill issue to bridge its August debt obligations; Germany's economics minister says he expects Greece to leave the eurozone soon; The ECB stopped accepting Greek collateral, at least until after troika review; Peer Steinbruck says he expects several countries to leave the eurozone; 10 Italian cities are at the verge of a financial crisis; Berlusconi wants to rerun next year and suggests a two currency system for Italy; Ferdinando Giugliano says Mario Monti should tell the truth to his parliament, and adopt more ambitious reforms; Monti turns to Putin for help; Alberto Alesina and Francesco Giavazzi say ESM will not be enough to fix the crisis; Tito Boeri, meanwhile, lists the requirements for a No Bailout rule to be credible: ECB supervision of all banks, a eurozone-level minimum income guarantee, a single labour market and immigration policyand a single VAT administration.


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 Jul 23rd, 2012 at 04:22:50 AM EST
[ Parent ]
Economists say a full Spanish bailout programme is now a certainty

Claudi Perez of El Pais has done a survey among influential economists and commentators, and found that there is an overwhelming majority who believe that a full Spanish bailout is foregone conclusion. The harshest comment came from an unnamed senior EU official, who said that Mariano Rajoy had wasted his political victory, and messed up completely. Spain's credibility in the international markets was now zero. Ken Rogoff predicts a decade of anaemic growth and high unemployment.



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 Jul 23rd, 2012 at 05:23:22 AM EST
[ Parent ]
German politicians are preparing for a eurozone breakup

It seems to us that Germany is preparing for a Greek exit. Peer Steinbrück, a former SPD finance minister and potential SPD candidate for chancellor, told Bild am Sonntag that he no longer believes that the eurozone can hold together, and that several members are likely to leave. He did not mention any names, but it was clear, that he was not just talking about Greece, but other countries as well. He said a rump euro was very likely to survive, but he declines to predict which countries would be left. He also said the manner in which the Bundestag is forced to make decisions, at short notice, about massive risks, was pushing the democracy to its limits.

Spiegel Online has the report that Philipp Rosler, Germany's economics minister and FDP chief, saying Greece is now very likely to leave the eurozone. He said he was "more than sceptical" about Athen's chances of remaining a eurozone member, adding that an exit had lost its scare potential. He said if Greece does not fulfil the conditions of the troika, the fund flows will stop.

In its coverage of the story, Die Welt says that there is now a widespread consensus among all factions in German political opinion that the consequences of a Greek exit would be manageable ("beherrschbar"). The article also quotes German foreign minister Guido Westerwelle as saying that Germany was not prepared to renegotiate the Greek package.



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 Jul 23rd, 2012 at 05:27:02 AM EST
[ Parent ]
He also said the manner in which the Bundestag is forced to make decisions, at short notice, about massive risks, was pushing the democracy to its limits.

Try the alternative ... that's always fun.

http://www.youtube.com/watch?v=_wp4O7v5320

by THE Twank (yatta blah blah @ blah.com) on Mon Jul 23rd, 2012 at 06:18:45 AM EST
[ Parent ]
"several members are likely to leave. He did not mention any names, but it was clear, that he was not just talking about Greece"

That's the wrong G country to start from. The only chance for the Eurozone with current policies is if Germany were to leave.

"He also said the manner in which the Bundestag is forced to make decisions, at short notice, about massive risks, was pushing the democracy to its limits."

Ah. So GERMANY feels it is being pushed to something beyond democracy.
Wow. Now what would then be the accurate word to describe what has been done to peripheral countries?

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

by Cyrille (cyrillev domain yahoo.fr) on Mon Jul 23rd, 2012 at 06:33:15 AM EST
[ Parent ]
Now what would then be the accurate word to describe what has been done to peripheral countries?

They've been made an example of.

They're been taught a lesson.

They've been punished.

They've been set on the straight and narrow.

...

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 Jul 23rd, 2012 at 06:45:36 AM EST
[ Parent ]
The beatings will continue until morale improves
by IM on Mon Jul 23rd, 2012 at 06:58:48 AM EST
[ Parent ]
He said a rump euro was very likely to survive, but he declines to predict which countries would be left.

The rump Euro should be called the Neuro.

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 Jul 23rd, 2012 at 06:47:52 AM EST
[ Parent ]
Well, do you deny it's pushing democracy to its limits? The Bundestag members get proposals of a few hundred pages one or two days before they have to vote on them.

Of course it is hypocritical of Steinbrück to point it out now, while the ship is sinking, and not before the first vote that was conducted in that way, but, hey, that's how rats behave when they are looking for the life vest.

The wording that "Germany" was pushed isn't in the article, by the way. It's your embellishment.

by Katrin on Mon Jul 23rd, 2012 at 06:50:05 AM EST
[ Parent ]
Well, do you deny it's pushing democracy to its limits? The Bundestag members get proposals of a few hundred pages one or two days before they have to vote on them.

The Spanish parliament doesn't get to see its own bailout documents. We've had to rely on the documents distributed to the German, Dutch and Finnish parliaments to know what's going on. From a Salon last week

Eurointelligence Daily Briefing: Spain's EFSF/ESM package is not just for banks
El Pais has dug up the details on the Spanish ESM programme, which allows Spain a lot more flexibility than is generally recognised; in particular it allows Spain to earmark the fund for primary and secondary market bond purchases; the Dutch version of the document says that if current rates persist, Spain will not be able to repay its debts; documents imposes a very low level of bureaucratic procedures to ensure that Spain can change the programme if it wants to; El Pais wonders why this documents is published in Germany, the Netherlands and Finland, but not in Spain;
Also...
@Suanzes
Pedro María Azpiazu, Basque Nationalist Party PNV MP, addressing the Spanish Parliament: "Guten Tag" (via @GarciaAller )


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 Jul 23rd, 2012 at 07:02:57 AM EST
[ Parent ]
But that isn't mutually exclusive. In all european countries the crisis has shifted power from the parliaments to the governments.
by IM on Mon Jul 23rd, 2012 at 07:07:05 AM EST
[ Parent ]
I think it's worse than that, power has gone beyond even government control. Power is now with the central Banks who are far more concerned with the profitability of the finance sector than they are with the economic well being of the population of europe

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Mon Jul 23rd, 2012 at 07:27:42 AM EST
[ Parent ]
Only because governments voluntraily gave up control. They wanted it, and they have the responsibility to get it back, which they can easily.
by Katrin on Mon Jul 23rd, 2012 at 08:53:51 AM EST
[ Parent ]
Yes, Schäuble was clever there: the doc was well hidden, and it was in English. We can assume nobody read it, but nobody can say it wasn't published. Perhaps Rajoy can learn to cheat a bit more efficiently?

S. is right: the procedure in the Bundestag is pushing democracy too far. He is hypocritical too, but hey... Perhaps he is rehearsing a bit to play opposition.

I am amazed why this should be a matter of nations. It is a matter of the procedure in the Bundestag.

by Katrin on Mon Jul 23rd, 2012 at 07:12:58 AM EST
[ Parent ]
The Bundestag members get proposals of a few hundred pages one or two days before they have to vote on them.

How does this compare with normal legislation?

by gk (g k quattro due due sette "at" gmail.com) on Mon Jul 23rd, 2012 at 07:06:36 AM EST
[ Parent ]
This time they actually want to read it.

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 Jul 23rd, 2012 at 07:09:12 AM EST
[ Parent ]
"Normal" legislation is debated in the committees. That takes weeks and theoretically every member can read the text in the meantime.
by Katrin on Mon Jul 23rd, 2012 at 07:15:28 AM EST
[ Parent ]
the normal approach is to send a goverment bill tot he Bundesrat (federal council) to get it's opinion. Then the bill is send with the opinion of the Bundesrat to the Bundestag. After a first reading it is send tot he committees to be debated in detail. Sometimes they will ask experts and so on. Then the changed or unchanged bill will be send tot he Bundestag for the second and third reading. All this needs months.

So every member has time enough to read even a big bill. If he is so inclined and doesn't just trusts the experts in committee.

by IM on Mon Jul 23rd, 2012 at 07:26:56 AM EST
[ Parent ]
"Well, do you deny it's pushing democracy to its limits? The Bundestag members get proposals of a few hundred pages one or two days before they have to vote on them. "

I know, when Congress had to speedily vote for financing the newly established Pinochet government, it also pushed democracy to its final limits. Chileans ought to have apologised, really.

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

by Cyrille (cyrillev domain yahoo.fr) on Mon Jul 23rd, 2012 at 07:27:37 AM EST
[ Parent ]
Is that really necessary? I mean sure, this current outrage is nothing compared to what is inflicted on the periphery. Nonetheless Germans are as entitled as everyone else to object to the ongoing coup d'etat and I wouldn't complain if the Bundestag blew our current leaders vision of Europe to smithereens.

Von überall könnte das Volk, Urbrut alles Undemokratischen, Zelle des Terrors, über die gewählten Hüter von Wachstum und Wohlstand® kommen. - flatter
by generic on Mon Jul 23rd, 2012 at 07:39:41 AM EST
[ Parent ]
I know, when Congress had to speedily vote for financing the newly established Pinochet government, it also pushed democracy to its final limits. Chileans ought to have apologised, really

That's what I mean by embellishment, Cyrille: there was nothing about someone (let alone the PIGIS) having to apologise. Steinbrück complained about the government pushing their agenda with undemocratic means. For once he has remembered what an opposition ought to do, even if he could have put it less mildly and not belatedly. Everything else was your twisting his statement.

What do you need that for?

by Katrin on Mon Jul 23rd, 2012 at 08:50:53 AM EST
[ Parent ]
If you fail to see the indecency about complaining about the lack of democratic process in voting quickly for a bill enslaving another country, while saying nothing at all about the contents, I'm afraid I can't help you. And considering you are probably among the most curious and open-minded of German people, I can only be worried.
He said nothing like "the agenda is horrific, turning whole countries into German colonies. And, though it seems trivial to mention it in that context, even the way it is pushed makes a mockery of our own democratic institutions". That would have been legitimate.

At least Bundestag does retain the right to vote. Something they don't seem too bothered to deny others, provided it's done via the normal Bundestag rules, of course.

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

by Cyrille (cyrillev domain yahoo.fr) on Mon Jul 23rd, 2012 at 09:30:00 AM EST
[ Parent ]
What he did say is (see above) "I cannot see some countries being able to close their competitiveness gaps".

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 Jul 23rd, 2012 at 09:35:06 AM EST
[ Parent ]
Of course he doesn't. Why should we find that remarkable? We know who he is and what he has supported in the past.

Von überall könnte das Volk, Urbrut alles Undemokratischen, Zelle des Terrors, über die gewählten Hüter von Wachstum und Wohlstand® kommen. - flatter
by generic on Mon Jul 23rd, 2012 at 09:59:48 AM EST
[ Parent ]
Exactly. We know that. And we know that the current policy is carried by about 70% of the Bundestag: it is rejected only by Die Linke and some right wingers of the coalition's parties, for different reasons.

And now Mr Neolib Steinbrück offers some very mild criticism of the procedure. There is a very tiny gap visible between him and the government. So what is to be done now?
a)    enjoy the little gap and poke to make it wider.
b)    Express disdain, because it isn't good enough
c)    Twist the thing until Steinbrück's words are turned into their own opposite

by Katrin on Mon Jul 23rd, 2012 at 11:06:21 AM EST
[ Parent ]
Ah I see, you are another actor in the morality play! You are talking decency and legitimacy while I am talking politics.

It is silly to pretend that the Greek or Spanish or whichever parliament had not retained the right to vote. And they usually supply the results that the Bundestag supplies too. Have you ever heard of politics being a process? Steinbrück will never say what you want him to say. What now?  

Ah. So GERMANY feels it is being pushed to something beyond democracy.

And you are not only doing a Merkel and talking morality play, you are talking nationalism too, so I'd rather not know what the morale of your morality play is.

by Katrin on Mon Jul 23rd, 2012 at 11:23:37 AM EST
[ Parent ]
I'll say it again: "If you fail to see the indecency in (correction) complaining about the lack of democratic process in voting quickly for a bill enslaving another country, while saying nothing at all about the contents, I'm afraid I can't help you"

Again, the situation is exactly the same as someone in Congress in 1973 complaining financing the Chilean coup at such short notice stretched democracy.
Had I been born then, I would have voiced indignation at such a statement.
Current evidence show that you would then have yelled at me that it was completely true and totally an internal affair and that you were amazed that anyone should even react to the statement.
You can argue that it would have made you technically correct. I argue that it would make you insane.

Though, in passing, I must note the idea that maintaining a modicum of decency and actually standing for something rather than focusing on political tactics is now "doing a Merkel". I note that and burst out laughing.
As for suggesting that we should play German party politics tactics on ET for fear of shutting down an opportunity to drive a wedge between German politicians... I shall fail to catch my breath for a while yet.

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

by Cyrille (cyrillev domain yahoo.fr) on Mon Jul 23rd, 2012 at 11:54:14 AM EST
[ Parent ]
I think this discussion would benefit from a much sparser deployment of speculation and conjecture about other people's motives and general sanity.

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Mon Jul 23rd, 2012 at 12:45:44 PM EST
[ Parent ]
Repetitions don't make it better. The situation is not the same, but in both cases one can well complain that the procedure of decision is undemocratic, even if the content of the decision is worse than this fact (which isn't S's position). By the way, I am not yelling. You would definitely notice if I did.

I find your position entirely apolitical. The situation is that most Germans believe that the decisions in question are aiding Greece (and Spain and Italy...). You don't change that by claiming it was the same as the coup in Chile. Really, Cyrille.

Steinbrück's policy on the faecal pact is unsurprisingly dead wrong, but he is still right about the procedure being undemocratic. I don't see how denying the latter can help you in thinking you are "maintaining a modicum of decency and actually standing for something".

All this is not the same anyway as your words: "Ah. So GERMANY feels it is being pushed to something beyond democracy"  

by Katrin on Mon Jul 23rd, 2012 at 03:32:37 PM EST
[ Parent ]
Oh please. It's pretty obvious from my initial post that I'm never implying that Germany is actually a being that believes something. I'm reacting to quotes from a single person!
It's just shorthand to express how mind-boggling it can be to think that the if one were to mention how democracy was being pushed to its limits, the first thought should be about the German one.
If you didn't get that and really thought I had implied that Germany was a totally unified being speaking in Steinbrück's voice, then my apologies for making you think so, but the idea of a country as a being seems unthinkable to me -well, in poetry maybe.

Now, in both cases (Germany and Chile) one could complain about the undemocratic procedure (which I never denied) and not say anything about the content, yes. But one should then expect outrage.

Most Germans might believe that they are aiding Greece, Spain and Italy (I might even find them some excuses given what the media feed them). But most French believed they were aiding Algeria. Most Brits still believe they were aiding Kenya, India, you name it, even as they rounded up all the wool spinners and cut their thumbs (and that's only one among the large number of atrocities they committed). That is not usually considered a valid excuse for much at all. Actually, it's usually a reason for sneering comments.

As for Chile, the policies imposed on the periphery, if not stopped very, very soon (and possibly even if stopped immediately) will cause far more casualties than the Pinochet dictatorship. Yes, the means are (for the moment) different, though one notes ever stronger police action in those countries. But the results are there, as is the undemocratic process.

If an innocent man gets sentenced to death, I protest even if due process was followed (actually, I protest even if he's guilty but that's something else). Steinbrück might reckon that you can't be innocent if you're Greek, but then I claim the right to outrage. To me his remarks show a level of self-centredness that is unfathomable to me.

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

by Cyrille (cyrillev domain yahoo.fr) on Mon Jul 23rd, 2012 at 05:44:09 PM EST
[ Parent ]
We are going into repetitions now, so just one more thing: The point which apparently neither you nor Steinbrück get is that if democratic rules (a deliberative process) had been applied, we wouldn't be in this mess.
by Katrin on Mon Jul 23rd, 2012 at 06:17:06 PM EST
[ Parent ]
I do get this point. Oh, I do...
Of course, I greatly doubt that more deliberation in Germany would have helped. That mostly tended to make sure that any decision came 6 months too late (at best) to have any impact.

But allowing for a deliberative process in the periphery (and therefore giving temporary support in the form of bonds purchases by the BCE) would have helped a lot.

Now there are times when the deliberative process will of necessity take longer than the run of events. There are ways to make things democratic even then, though. But we can't demand that the universe moves at a slow pace when, say, JP Morgan goes under.

At the moment, what we're seeing is most Eurozone countries being bullied into changing their constitutions so that the Bundestag can decide at the end of the year whether it was all in vain or not because, you see, this is how it must be done according to the German constitution.

The irony is not lost on everyone.

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

by Cyrille (cyrillev domain yahoo.fr) on Tue Jul 24th, 2012 at 02:28:18 AM EST
[ Parent ]
Fascinating. New levels of disagreement appear. I don't see that there was a deliberative process at all. This would have had to start much earlier, in fact it is a long term process. Has the aim of this policy been stated and decided on openly? Have all alternatives been discussed? Hardly. Merkel's speciality is TINA. And that's what she needs the long periods of inactivity for, and decisions in last minute. With your complaint that a deliberative process will of necessity take longer than the run of events you are falling into exactly this trap. You even doubt the necessity of the rule of the law and advocate something like a state of exception in your rant against letting the Constitutional Court decide if the ESM package of laws is constitutional. I am afraid there is a worse trap you have fallen in, though: you are saying that the current German policy is serving German interest. That's what Merkel says too, and that's the reason for her approval rates: her job is the German interest, not the Greek one. I on the other hand say that the German interest is only served in a policy that is pro-European and cooperative. I find that so obvious that I am sure in a democratic process my position would have won.
by Katrin on Tue Jul 24th, 2012 at 07:55:23 AM EST
[ Parent ]
"You even doubt the necessity of the rule of the law and advocate something like a state of exception in your rant against letting the Constitutional Court decide if the ESM package of laws is constitutional."

Er, no.
I was thinking referendum.

And I'm fine with checking constitutionality, in the absence of bullying all the other countries into changing their own constitutions. And if the German constitution happens to be incompatible with a functioning monetary union, it should not be Greece, Spain, Portugal, Ireland, France, Italy that get kicked out.

But while the checking is being done, funds should reach Greece (preferably ECB funds, since that is the sovereign), otherwise there won't be a point in checking by the time the checking gets done.

Anyway, if I were to complain at someone slapping me while I was ripping off another person's arm, I believe people would find that rather rich. All I meant was to express similar outrage at the huge double standards. Apparently, that was unacceptable (though I understand that you don't dispute the double standards).

"her job is the German interest, not the Greek one"

This is true only to an extent. If the German interest is promoted (or even seen to be) by utterly destroying another country, I would argue that her job is to not pursue it (though she does). If that is not seen as being the case, noone should ever praise the Germans for disliking military intervention anymore, as it would merely be a different choice of means.
Now, I'm not saying that Germans WANT to destroy Greece. Merely pointing out that even Merkel's job should not be reduced to promoting the German interest.

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

by Cyrille (cyrillev domain yahoo.fr) on Tue Jul 24th, 2012 at 10:21:40 AM EST
[ Parent ]
You are finding more and more points to complain about.

If Karlsruhe decides that handing over the Bundestag's budget rights to an unelected body violates the German constitution, in what way would that be a bad thing for other EU countries?

But while the checking is being done, funds should reach Greece (preferably ECB funds, since that is the sovereign), otherwise there won't be a point in checking by the time the checking gets done

Er, what are you talking about? Funds are there (Karlsruhe is deciding on the next batch, not the current one), and they won't reach Greece: they will reach Greece's creditors. And, though you and I agree about damage the German policy does, you would have a problem to say it is downright criminal. Your position is un-political again, if you discard that Merkel has no reason to worry about Greek voters.

But all this has no nexus to your remark on S's tentative move in direction of the life-boat, though. Is he indicating that he wouldn't cooperate if Merkel tries the tactic again? Possibly, and that would be a good thing. It would mean that the SPD is slowly crawling a millimetre in the right direction. Not enough for joy, but nothing bad either.

by Katrin on Tue Jul 24th, 2012 at 02:24:49 PM EST
[ Parent ]
If Karlsruhe decides that handing over the Bundestag's budget rights to an unelected body violates the German constitution, in what way would that be a bad thing for other EU countries?
At this point that's the best that could happen.

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 Jul 24th, 2012 at 02:57:36 PM EST
[ Parent ]
That's all perfectly true, but objecting to comparatively insignificant matters of constitutional nicety beats not objecting at all...

... which is what he was doing until very recently.

So hey, progress.

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Mon Jul 23rd, 2012 at 06:17:55 PM EST
[ Parent ]
It is silly to pretend that the Greek or Spanish or whichever parliament had not retained the right to vote.
This is screaming for a diary on the Spanish political situation, but I'm not sure I have the fortitude.

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 Jul 23rd, 2012 at 12:48:19 PM EST
[ Parent ]
Oh please. Do!
by Katrin on Mon Jul 23rd, 2012 at 03:33:00 PM EST
[ Parent ]
Let's anchor the discussion a bit with actual quotations by Steinbrück rather than paraphrases.

Bild am Sonntag: Peer Steinbrück rechnet mit Ausscheiden einiger Staaten aus der Eurozone

,,In einigen Fällen mehren sich bei mir die Zweifel, ob alle Länder in der Eurozone gehalten werden können. Ich kann nicht erkennen, dass einige Länder die Lücke ihrer Wettbewerbsfähigkeit schließen können", sagte der Finanzexperte und mögliche SPD-Kanzlerkandidat im Interview in BILD am SONNTAG. Konkrete Ländernamen wollte er aber nicht nennen.
Peer Steinbrück rechnet mit Ausscheiden einiger Staaten aus der Eurozone
"In some cases, I am increasingly doubtful that all countries can be kept in the Eurozone. I cannot see some countries being able to close their competitiveness gaps," said the finance expert and possible SPD chancellor candidate in an interview in Bild am Sonntag. He would however hot name specific countries.
Some interesting remarks in there about bank restructuring, too.
Nach Einschätzung Steinbrücks kann die Eurokrise zu einer Gefahr für die Demokratie in Deutschland werden: ,,Die Art und Weise, wie der Bundestag in immer kürzeren Abständen fast schon genötigt wird, über komplexeste Themen zu beraten und über Risiken in kaum noch vorstellbaren Größenordnungen zu entscheiden, geht an die Grenzen der Funktionsfähigkeit unserer Demokratie."

Noch mehr beunruhige ihn, dass immer mehr Bürger den Eindruck hätten, nicht die Politik, sondern anonyme, entgrenzte Finanzmärkte bestimmten über ihr Leben. Steinbrück kündigte deshalb ein eigenes Programm für neue Finanzmarktregeln an: ,,Wir brauchen eine ehrgeizige Regulierung und Aufsicht von Banken. Dazu werde ich im Herbst Vorschläge machen."

According to Steinbrück, the euro crisis is a threat to democracy in Germany: "The way in which the Bundestag is almost compelled  to advise in ever shorter intervals on complex issues and to decide on risks of hardly imaginable orders of magnitude, pushes the boundaries of the functioning of our democracy. "

He is even more troubled, that more and more citizens have the impression that not politics but anonymous unfettered financial markets determine their lives. Steinbrueck therefore announced a special program for new financial market rules: "We need an ambitious regulation and supervision of banks. This autumn I will make suggestions to that end. "



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 Jul 23rd, 2012 at 09:14:22 AM EST
[ Parent ]
by afew (afew(a in a circle)eurotrib_dot_com) on Sun Jul 22nd, 2012 at 11:17:35 AM EST
BBC News - A Point of View: What would Keynes do?

What would John Maynard Keynes, one of the most influential economists of the 20th Century, have made of the current economic situation, ponders philosopher John Gray.

"I can see us as water-spiders, gracefully skimming, as light and reasonable as air, the surface of the stream without any contact at all with the eddies and currents underneath."

That was how John Maynard Keynes, speaking in 1938 in a talk later published as his brilliant memoir My Early Beliefs, recalled his younger self and his friends in the Bloomsbury Group as they had been in the years before World War I.

The influential Cambridge economist has figured prominently in the anxious debates that have gone on since the crash of 2007-2008. For most of those invoking his name, he was a kind of social engineer, who urged using the power of government to lift the economy out of the devastating depression of the 30s.

by afew (afew(a in a circle)eurotrib_dot_com) on Sun Jul 22nd, 2012 at 03:39:52 PM EST
[ Parent ]
Super rich hiding up to $32 trillion offshore - Europe - Al Jazeera English

Rich individuals and their families have as much as $32 trillion of hidden financial assets in offshore tax havens, representing up to $280bn in lost income tax revenues, according to research published on Sunday.

The study estimating the extent of global private financial wealth held in offshore accounts - excluding non-financial assets such as real estate, gold, yachts and racehorses - puts the sum at between $21 and $32 trillion.

This amounts to roughly the US and Japanese GDP combined. Roughly 10 million people worldwide have offshore accounts, with 100,000 people owning half of those secreted assets.

The research was carried out for pressure group Tax Justice Network, which campaigns against tax havens, by James Henry, former chief economist at consultants McKinsey & Co.

John Christensen of the Tax Justice Network told Al Jazeera that he was shocked by "the sheer scale of the figures".

"What's shocking is that some of the world's biggest banks are up to their eyeballs in helping their clients evade taxes and shift their wealth offshore," said Christensen.

"We're talking about very big, well-known brands - HSBC, Citigroup, Bank of America, UBS, Credit Suisse - some of the world's biggest banks are invovled...and they do it knowing fully well that their clients, more often than not, are evading and avoiding taxes."

by afew (afew(a in a circle)eurotrib_dot_com) on Sun Jul 22nd, 2012 at 03:42:12 PM EST
[ Parent ]
32 trillion? Is that all?
by de Gondi (publiobestia aaaatttthotmaildaughtusual) on Sun Jul 22nd, 2012 at 05:26:23 PM EST
[ Parent ]
That and their vintage comic book collections.

http://www.youtube.com/watch?v=_wp4O7v5320
by THE Twank (yatta blah blah @ blah.com) on Sun Jul 22nd, 2012 at 08:33:56 PM EST
[ Parent ]
All of that and they're still stuck on this planet without flying cars. What's the point?

http://www.youtube.com/watch?v=_wp4O7v5320
by THE Twank (yatta blah blah @ blah.com) on Sun Jul 22nd, 2012 at 08:36:46 PM EST
[ Parent ]
What's shocking is that some of the world's biggest banks politicians are up to their eyeballs in helping their clients owners evade taxes and shift their wealth offshore

FIFY

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Mon Jul 23rd, 2012 at 03:33:37 AM EST
[ Parent ]
Shocking to whom? Anybody reading ET?

http://www.youtube.com/watch?v=_wp4O7v5320
by THE Twank (yatta blah blah @ blah.com) on Mon Jul 23rd, 2012 at 06:21:19 AM EST
[ Parent ]
Exclusive: Prosecutors, regulators close to making Libor arrests | Reuters

(Reuters) - U.S. prosecutors and European regulators are close to arresting individual traders and charging them with colluding to manipulate global benchmark interest rates, according to people familiar with a sweeping investigation into the rate-rigging scandal.

Federal prosecutors in Washington, D.C., have recently contacted lawyers representing some of the individuals under suspicion to notify them that criminal charges and arrests could be imminent, said two of those sources who asked not to be identified because the investigation is ongoing.

Defense lawyers, some of whom represent individuals under suspicion, said prosecutors have indicated they plan to begin making arrests and filing criminal charges in the next few weeks. In long-running financial investigations it is not uncommon for prosecutors to contact defense lawyers for individuals before filing charges to offer them a chance to cooperate or take a plea, these lawyer said.

The prospect of charges and arrests of individuals means that prosecutors are getting a fuller picture of how traders at major banks allegedly sought to influence the London Interbank Offered Rate, or Libor, and other global rates that underpin hundreds of trillions of dollars in assets. The criminal charges would come alongside efforts by regulators to punish major banks with fines, and could show that the alleged activity was not rampant in the banks.

by afew (afew(a in a circle)eurotrib_dot_com) on Sun Jul 22nd, 2012 at 03:45:37 PM EST
[ Parent ]
"A few bad apples" etc etc.

and could show that the alleged activity was not rampant in the banks.

Nothing to see here. Move along.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Mon Jul 23rd, 2012 at 04:15:39 AM EST
[ Parent ]
Global economy weekahead: No winners in race for growth medals | Reuters

(Reuters) - "Faster, Higher, Stronger" is the motto of the Olympics opening in London on Friday. "Slower, Lower, Weaker" would be a better description of the economic performance of many of the countries competing in the games.

None of the big names will look worthy of a place on the podium if forecasts for a raft of data due this week from the euro zone, the United States and Britain prove accurate.

Even China, the long-standing growth champion, is huffing and puffing.

And for all the growth hormones injected in the form of cheap central bank money, the global economy is likely to be running on the spot for some time yet given fears that the United States could fall off a fiscal cliff, the softer trend in China and, above all, the debilitating euro zone crisis.

by afew (afew(a in a circle)eurotrib_dot_com) on Sun Jul 22nd, 2012 at 03:48:37 PM EST
[ Parent ]
The new global economy's (relative) winners | New Europe

CAMBRIDGE - The world economy faces considerable uncertainty in the short term. Will the eurozone manage to sort out its problems and avert a breakup? Will the United States engineer a path to renewed growth? Will China find a way to reverse its economic slowdown?

The answers to these questions will determine how the global economy evolves over the next few years. But, regardless of how these immediate challenges are resolved, it is clear that the world economy is entering a difficult new longer-term phase as well - one that will be substantially less hospitable to economic growth than possibly any other period since the end of World War II.

Regardless of how they handle their current difficulties, Europe and America will emerge with high debt, low growth rates, and contentious domestic politics. Even in the best-case scenario, in which the euro remains intact, Europe will be bogged down with the demanding task of rebuilding its frayed union. And, in the US, ideological polarization between Democrats and Republicans will continue to paralyze economic policy.

by afew (afew(a in a circle)eurotrib_dot_com) on Sun Jul 22nd, 2012 at 04:16:00 PM EST
[ Parent ]
On the bright side, the world's economies (i.e.: working folk) have managed to fund the untaxed offshore bank accounts and stock portfolios of the rich to the tune of 32 trillion, plus tips. Somebody must be doing something right.
by Andhakari on Mon Jul 23rd, 2012 at 01:14:12 AM EST
[ Parent ]
@paulmasonnews
Why are markets tanking now, despite Euro deal in Brussels? 1) Growing signs of IMF/ECB give-up on Samaras-led govt Greek stocks -6% (1/3)
@paulmasonnews
(2/3)... In Spain, Rajoy's E65bn austerity prog looks as deliverable as the one that destroyed Greece. Mkts think E400bn needed soon...
@paulmasonnews
(3/3) Spain/Italy heading for fiscal standoff between regions/cities and govts. While growth zooms downwards. And (4/3 - sorry)...
@paulmasonnews
(4/3) Banking union agreed but not delivering co-ordinated action in Frankfurt/Brussels.


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 Jul 23rd, 2012 at 10:48:59 AM EST
[ Parent ]
Moody's just downrated Deutschland.

"Life shrinks or expands in proportion to one's courage." - Anaïs Nin
by Crazy Horse on Mon Jul 23rd, 2012 at 05:29:18 PM EST
[ Parent ]
Finland on a stable outlook.

Must be because Finland has insisted on asking for collateral from Greece and Spain...

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 Jul 23rd, 2012 at 05:36:01 PM EST
[ Parent ]
by afew (afew(a in a circle)eurotrib_dot_com) on Sun Jul 22nd, 2012 at 11:17:52 AM EST
Madagascar army retakes camp after mutiny - Africa - Al Jazeera English

Madagascar's army says it is back in control of a military camp close to the airport in the capital Antananarivo after several soldiers earlier staged a mutiny.

The military said on Sunday that the group of mutinous soldiers who stormed the camp were eventually driven out in an assault by government forces. The leader of the rebellion was killed, the army said.

"The situation is under control. Corporal Koto Mainty, alias Black, has been killed," General Raphael Ramasy, chief of staff of the defence minister, told the public television station TVM.

Mainty was the bodyguard of former defence minister Noel Rakotonandrasana. Rakotonandrasana was arrested after taking part in another mutiny back in 2010.

"The other mutineers gave themselves up or were arrested," Ramasy said. "Four other civilians were arrested ... Two mutineers and two other elements of the security forces are wounded."

An officer sent in to begin negotiations with the soldiers was shot and later died of his wounds, the army said. Two fighters of each side also suffered injuries, according to the defence ministry.

by afew (afew(a in a circle)eurotrib_dot_com) on Sun Jul 22nd, 2012 at 03:41:10 PM EST
[ Parent ]
Deadly bomb attacks hit Iraqi towns - Middle East - Al Jazeera English

Bomb attacks in several Iraqi towns have left at least 17 people dead and dozens more injured, in one of the most violent days in the past two weeks.

Two parked car bombs exploded near an entrance of a public market in Mahmodiya, a town 30km south of Baghdad, and another exploded close to the town's police station resulting in the killing of five people and wounding 28 others, an interior ministry source told Al Jazeera on Sunday.

In Madaeen, a town 30km southeast of the Iraqi capital, three IEDs exploded inside a crowded al-Tameem market just before iftar, killing six people and wounding 13 others, sources said.

And car bombs planted near a public restraunt in Najaf, 160km south of Baghdad, killed five people and wounded 14, while a policeman was killed and 16 others were injured when a car bomb exploded in Mosul district.

Although violence in Iraq has eased since a peak in 2006-2007, deadly attacks are still carried out, especially around the capital.

by afew (afew(a in a circle)eurotrib_dot_com) on Sun Jul 22nd, 2012 at 03:43:21 PM EST
[ Parent ]
BBC News - Aurora cinema shooting: Obama to pay tribute to victims

US President Barack Obama is heading for Colorado to honour victims of Friday's gun attack at a Batman film screening that left 12 people dead.

The White House said Mr Obama would meet survivors and families of victims, as well as local officials in Aurora.

In his weekly radio address, he called for prayer and reflection on the gun rampage in the Denver suburb.

Pope Benedict has voiced "deep shock" over the attack which left another 58 people injured, some critically.

James Holmes, 24, currently being held in solitary confinement for his own safety, is alleged to have opened fire during a packed midnight screening of The Dark Knight Rises.

by afew (afew(a in a circle)eurotrib_dot_com) on Sun Jul 22nd, 2012 at 03:49:27 PM EST
[ Parent ]
Foreign contractors killed in Afghan shootout - Central & South Asia - Al Jazeera English

Three foreign contractors have been killed when an Afghan dressed in police uniform opened fire at a police training camp in the western province of Herat, the International Security Assitance Force (ISAF) press desk has said.

"An individual wearing an Afghan National Army uniform turned his weapon against International Security Assistance Force contracted civilian employees in western Afghanistan today, killing three," the ISAF said in a statement on Saturday.

The individual who fired on the contracted civilian employees was killed following the engagement, ISAF said.

Al Jazeera's Bernard Smith, reporting from Kabul, said a police source had revealed that fighting had broken out on the 
outskirts of Herat city, near the airport and not far from the Italian base." 

"We understand that there have been NATO casualties - three foreign casualties - foreigners training police seconded by their respective countries.

by afew (afew(a in a circle)eurotrib_dot_com) on Sun Jul 22nd, 2012 at 03:50:07 PM EST
[ Parent ]
Syria Warns of TV Hijacking | World | RIA Novosti

Syrian state news agency SANA said on Sunday that unspecified Western intelligence agencies plan to hijack local satellite television channels to broadcast misinformation.

False reports are to include news of defections, rebels capturing cities across the country and even coups d'état, SANA said, citing a source at the Syrian Information Ministry.

The news are supposed to be broadcasted by Syrian journalists working outside the country who will be pressured into delivering false reports, the agency said.

"Arab parties" are expected be aiding Western spies in their information attacks, the agency added, without elaborating.

by afew (afew(a in a circle)eurotrib_dot_com) on Sun Jul 22nd, 2012 at 04:09:01 PM EST
[ Parent ]
India's former finance minister elected president - INDIA - FRANCE 24
India's former finance minister Pranab Mukherjee came out victorious in the country's presidential election on Sunday after scooping up more than half of the votes from both national and state lawmakers. By News Wires (text)  

AFP - Former finance minister Pranab Mukherjee was elected Indian president on Sunday after votes from national and state lawmakers were counted in the race for the mainly ceremonial post.

Some analysts believe Mukherjee, a veteran from the ruling Congress party, may take a more active approach to the job than his predecessors as India struggles with a parliamentary deadlock and slowing economic growth.

The PTI news agency announced Mukherjee, 76, as the winner after he collected more than half of the electoral college votes during counting on Sunday.

by Fran (fran at eurotrib dot com) on Sun Jul 22nd, 2012 at 04:33:27 PM EST
[ Parent ]
Ha'aretz: For a special exhibition on Hasidim, the Israel Museum in Jerusalem will have separate visiting hours for men and women.


שי ימין, מנהל מחלקת השיווק של המוזיאון, אישר כי התקבלה החלטה לקבוע שעות פתיחה רחבות יותר לחרדים, עם נכונות לקבוע שעות נפרדות לנשים ולגברים. "הכל יהיה תלוי בביקוש", אומר ימין, המדגיש כי שעות הפתיחה הנפרדות לא יפגעו בשעות הביקור הרגילות של המוזיאון. הרעיון הוא לפתוח את המוזיאון בשעות הערב, מעבר לשעת הסגירה חמש, או ביום שלישי בבוקר, שבו המוזיאון סגור. "זה כמו שאנחנו פותחים את היכל הספר בעבור קבוצות של צליינים", הוא מסבירShai Yamin, head of marketing for the museum, confirmed that a decision had been taken to set more extensive visiting hours for the ultra-Orthodox, along with the willingness to set separate hours for men and women. "All will depend on demand", said Yamin, who emphasized that the segregated opening hours will not affect the normal opening hours of the museum. The idea is to open the museum in the evenings, beyond the closing time of 5pm, or on Tuesday, when the museum is closed. "This is as though we opened the Shrine of the Book for groups of crusaders", he explained.
He may have explained, but I confess that I can't understand his explanation.
"אנחנו מקווים שהתערוכה על החסידים תהיה פתח לזה שגם חרדים יכירו את המוזיאון, ואולי יגיעו לאגף לאומנות יהודית, לראות את בתי הכנסת העתיקים, את המוצגים הארכיאולוגיים ואת כתר ארם צובא."We hope that the exhibition on the Hasidim will be an opportunity for the ultra-Orthodox to get to know the museum, and they may even get to the section on Jewish art, to see the ancient synagogues, the archaeological exhibits and [some crown whose name I can't figure out]
Not to mention Rembrandt's St. Peter in prison and Ribera's Martyrdom of St. Bartholemew. I presume that the room with Rubens' Death of Adonis will be closed during the women's visiting hours.
by gk (g k quattro due due sette "at" gmail.com) on Mon Jul 23rd, 2012 at 03:56:03 AM EST
[ Parent ]
Correction: Crusaders should be pilgrims. In the small font I was using they look almost the same....
by gk (g k quattro due due sette "at" gmail.com) on Mon Jul 23rd, 2012 at 04:15:28 AM EST
[ Parent ]
by afew (afew(a in a circle)eurotrib_dot_com) on Sun Jul 22nd, 2012 at 11:18:33 AM EST
Heaviest rains in 60 years kill 37 in Beijing | Reuters

(Reuters) - The Chinese capital's heaviest rainstorm in six decades killed at least 37 people, flooded streets and stranded 80,000 people at the main airport, state media and the government said on Sunday.

The storm, which started on Saturday afternoon and continued late into the night, flooded major roads and sent torrents of water tumbling down steps into underpasses.

The Beijing city government said on its official microblog at least 37 people had died, including 25 drowned, six crushed in collapsing homes, five electrocuted and one struck by lightning.

by afew (afew(a in a circle)eurotrib_dot_com) on Sun Jul 22nd, 2012 at 03:45:04 PM EST
[ Parent ]
Why do `experts' always lowball clean-energy projections? | Grist

WIND

  • In 2000, the International Energy Agency (IEA) published its World Energy Outlook, predicting that non-hydro renewable energy would comprise 3 percent of global energy by 2020. That benchmark was reached in 2008.
  • In 2000, IEA projected that there would be 30 gigawatts of wind power worldwide by 2010, but the estimate was off by a factor of 7. Wind power produced 200 gigawatts in 2010, an investment of approximately $400 billion.
  • In 1999, the U.S. Department of Energy estimated that total U.S. wind power capacity could reach 10 gigawatts by 2010. The country reached that amount in 2006 and quadrupled between 2006 and 2010.
  • In 2000, the European Wind Energy Association predicted Europe would have 50 gigawatts of wind by 2010 and boosted that estimate to 75 two years later. Actually, 84 gigawatts of wind power were feeding into the European electric grid by 2012.
  • In 2000, IEA estimated that China would have 2 gigawatts of wind power installed by 2010. China reached 45 gigawatts by the end of 2010. The IEA projected that China wind power in 2020 would be 3.7 gigawatts, but most projections now exceed 150 gigawatts, or 40 times more.

SOLAR

by afew (afew(a in a circle)eurotrib_dot_com) on Sun Jul 22nd, 2012 at 03:57:21 PM EST
[ Parent ]
Glyphosate-resistant 'superweeds' may be less susceptible to diseases

Scientists searching for clues to understand how superweeds obtain resistance to the popular herbicide glyphosate may have been missing a critical piece of information, a Purdue University study shows. Glyphosate, the active ingredient in the weed killer sold under the name RoundUp, is the most widely used herbicide in the United States, but some plants have grown resistant to it.

This has caused farmers to turn to additional herbicides. While the mechanisms that have led to resistance are not fully known, Bill Johnson, a professor of weed science; Steve Hallett, an associate professor of weed science; and Jessica Schafer, a graduate student in botany and plant pathology, believe that soil microbes may play a role.

Most laboratory tests done to understand glyphosate resistance are done in sterile soil, void of those microbes. Schafer said Purdue's findings, published online early in the journal Weed Science, show that those microbes may play a significant role in how glyphosate affects plants.

"The soil you're growing the plants in is important to the results," Schafer said. "If we're growing in a sterile media, we could get some false positive results because the plants are more tolerant to glyphosate in those conditions."

Who Could Have Predicted?

by afew (afew(a in a circle)eurotrib_dot_com) on Sun Jul 22nd, 2012 at 04:04:00 PM EST
[ Parent ]
Soon they will adapt to feed on glyophosphate, at which point we can kill them by stopping the use of roundup

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Mon Jul 23rd, 2012 at 03:39:18 AM EST
[ Parent ]
Renewables Revolution or Nuclear Nightmare? - The Ecologist
The rapid spread of solar power across China, India, Africa and Latin America is being driven not by subsidy but by the market.

(...)

So this is the question: does the world need nuclear power for us to solve the climate crisis, as Monbiot claims? To borrow a second thought, this time from Margaret Thatcher, must we accept that there is no alternative?

Let's look at the figures. In 2010 the world demand for primary energy was equivalent to 12,000 million tonnes of oil (Mtoe), 87% of which was provided by oil, gas and coal. Nuclear power contributed a gross 626 Mtoe, about 5% of the total, while renewables accounted for 935 Mtoe, almost 8%.

To solve the climate problem, the world must not only reverse the trend of increasing carbon emissions over the next few decades, but bring them down to less than they are now. So can nuclear power do it? Assume a 2% growth in primary energy demand per year over the next 35 years, and that demand will double to some 24,000 Mtoe. Rely on nuclear power to accommodate all the growth, and knock out 4,000 Mtoe-worth of coal, and it will have to produce 16,000 Mtoe of energy per year - a 25-fold increase on its current level.

Today the world has 440 operational nuclear reactors, so 25 times more means 11,000 reactors. To have these in 35 years means building, on average, about one a day. Or in an exponential growth scenario, the world would need to sustain an annual increase of 8% per year in the number of operational nuclear reactors for 35 years.

by afew (afew(a in a circle)eurotrib_dot_com) on Sun Jul 22nd, 2012 at 04:07:55 PM EST
[ Parent ]
Nope, but Monbiot was a very unconvincing advocate for nuclear, simply because he didn't account for this very factor.

I'm not saying he was bought off, but I think he was a victim of a subtle lobbying effort

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Mon Jul 23rd, 2012 at 03:41:44 AM EST
[ Parent ]
300 radioactive Japanese cars stopped at Russian border | TruthTheory

Russian customs officials have stopped the smuggling of nearly 300 radioactively contaminated cars at the Japanese border as part of an ongoing operation monitoring imports following the disaster at Japan's Fukushima nuclear power plant last year.

"We have inspected 150,000 vehicles as part of this monitoring mission. Three hundred units that have been seized indicated a level of radioactivity," said Gennady Onishchenko, the head of Russia's consumer rights watchdog.



It's a fine line between homage, parody, and consumer opportunism. Jess Walter
by melo (melometa4(at)gmail.com) on Sun Jul 22nd, 2012 at 07:35:00 PM EST
[ Parent ]
Can urban farming go corporate? | Reuters

Farms have sprouted in cities across the country over the past several years as activists and idealists pour their sweat into gritty soil. Now Paul Lightfoot wants to take urban agriculture beyond the dirt-under-your-nails labor of love. He wants to take it corporate.

In June, Lightfoot's company, BrightFarms, announced a deal with The Great Atlantic and Pacific Tea Co., or A&P, to provide New York City-grown vegetables to the local chain's supermarkets year-round. The goods will grow in what the company says will be the country's largest rooftop greenhouse farm, a high-tech hydroponic operation that will boost yields, allowing the company to face-off with organic vegetables trucked from California, cutting thousands of miles from the supply chain while aiming to provide a fresher product at a competitive price.

With similar deals announced for St. Paul, Minn. and Oklahoma, BrightFarms is looking to tap into the local-food zeitgeist nationwide and create a more efficient produce mass-market. With some notable exceptions, urban farms have largely been non-profit, community-based endeavors, aiming to provide healthier food as a public good. The few for-profit operations have been mostly small and local. Lightfoot has grander ambitions.

"We're not trying to change the fringes of the supply chain," he said. "We want to change the supply chain itself."

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Jul 23rd, 2012 at 01:45:16 AM EST
[ Parent ]
Christian Science Monitor: Bacteria, cold water, and probably oil killed baby dolphins in Gulf, say scientists
The cold water may have been the final straw for animals already prone to premature birth for other reasons and probably stressed both by the 2010 oil spill and the unusually cold winters that bracketed it, said Ruth H. Carmichael, senior marine scientist at Alabama's Dauphin Island Sea Lab.

...

The one common thread so far has been brucellosis, found in 12 of 51 animals tested so far for Brucella bacteria, she said. At least three of the dolphins which tested positive for the bacteria were adults or subadults, but most were infected while still in the womb.

...

Exposure to oil and other organic pollutants has been linked to perinatal and infant mortality in some marine mammals but has not been reported among dolphins, the study said. Other scientists have found that plankton quickly gobbled up nontoxic carbon from the spilled oil, bringing it into the Gulf of Mexico's food web.



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 Jul 23rd, 2012 at 10:09:44 AM EST
[ Parent ]
by afew (afew(a in a circle)eurotrib_dot_com) on Sun Jul 22nd, 2012 at 11:18:55 AM EST
International health panel says treat all HIV infections | Reuters

(Reuters) - An international health panel has recommended for the first time that all HIV patients be treated with antiretroviral drugs, even when the virus's impact on their immune system is shown to be small.

The nonprofit International Antiviral Society-USA cited new evidence that untreated infection with the human immunodeficiency virus that causes AIDS can also lead to a range of other conditions, including cardiovascular disease and kidney disease. In addition, data have shown that suppressing HIV reduces the risk of an infected person passing the virus to another person.

"We are no longer only focused on traditional AIDS-defining infections. We know that HIV is doing damage to the body all the time when it is not controlled," said Dr. Melanie Thompson, principal investigator of the AIDS Research Consortium of Atlanta and a member of the Antiviral Society panel.

by afew (afew(a in a circle)eurotrib_dot_com) on Sun Jul 22nd, 2012 at 03:47:57 PM EST
[ Parent ]
Oregon's Paisley Caves as old as Clovis sites - but not Clovis

A new study of Oregon's Paisley Caves confirms that humans used the site as early as 12,450 radiocarbon years ago, and the projectile points they left behind were of the "Western Stemmed" tradition and not Clovis - which suggests parallel technological development of early inhabitants to the Americas. The study, published this week in the journal Science, could have a major impact on theories of how the Western Hemisphere was populated.

The research was funded by multiple organizations, including the National Science Foundation.

Lead author Dennis Jenkins, from the University of Oregon, and second author Loren Davis, from Oregon State University, were part of a large multidisciplinary team that spent much of the past two years combing through deposits and collecting more than 100 high-precision radiocarbon dates from Paisley Caves, located in south-central Oregon's Summer Lake basin.

by afew (afew(a in a circle)eurotrib_dot_com) on Sun Jul 22nd, 2012 at 03:59:40 PM EST
[ Parent ]
Enhanced royal jelly produces jumbo queen bee larvae

Chia-Nan Chen and colleagues explain that royal jelly is a thick liquid made up of proteins, sugars and fats that is secreted by glands in the throats and jaws of worker bees and fed to larvae.

Workers feed all bee larvae RJ for the first three days of their lives, but only the queen gets it throughout life, growing larger and living up to 15 times longer than other bees. The scientists treated worker bees with drugs called histone deacetylase inhibitors (HDACis) to see whether they could enhance the larvae's growth.

They found that worker bees given HDACis produced a fortified royal jelly that made the queen bee larvae grow to be 2-3 times larger than larvae fed standard royal jelly. A couple HDACis have already been approved for treating certain forms of cancer.

by afew (afew(a in a circle)eurotrib_dot_com) on Sun Jul 22nd, 2012 at 04:00:55 PM EST
[ Parent ]
Remember all those reports by intelligence agencies linking climate change to an increased potential for war, famine, and the other four horsemen of the apocalypse?

People get ready, there's a climate change induced disaster a comin'.

The worst drought in a generation is hitting farmers across America's corn belt far harder than government projections and forcing them to a heart-breaking decision: harvest what's left of their shrivelled acres or abandon their entire crop.

For Mike Buis, pictured, who farms in west-central Indiana, the most he could hope for, his best-case scenario, was saving one-third of his crop.......

That, in time, will mean higher prices for milk, poultry and meat for American consumers, and misery - possibly chaos and unrest - in African and Latin American countries, which depend on imported grains, food security experts say.....

Is it evidence of climate change? "I'd have to ask Al Gore," Rhea joked.

But the question is growing impossible to ignore, even in strongly Republican parts of rural Indiana. Another year or two like this one and farmers are going to have to change their practices, Buis said.



And I'll give my consent to any government that does not deny a man a living wage-Billy Bragg
by ManfromMiddletown (manfrommiddletown at lycos dot com) on Sun Jul 22nd, 2012 at 05:02:51 PM EST
[ Parent ]
As predicted.

Ever since I learnt about confirmation bias I've started seeing it everywhere
by ATinNM on Sun Jul 22nd, 2012 at 10:51:45 PM EST
[ Parent ]
WICHITA, Kan. -- A widespread drought that's forcing ranchers to sell off animals has helped shrink the nation's cattle herd to its smallest number in at least four decades.

The National Agricultural Statistics Service reported Friday that the number of cattle and calves in the United States totaled 97.8 million head as of July 1. That's 2 percent less than a year ago. Beef cattle numbers were down 3 percent at 30.5 million head counted, while dairy cow numbers remained unchanged at 9.2 million.

Overall, it's the smallest cattle inventory since the agency began a July count in 1973. NASS now estimates the size of the nation's herd each January and July.

There are two signs the cattle numbers won't recover soon. The nation's 2012 calf crop also was 2 percent smaller compared to a year ago, with 34.5 million calves expected to be born this year, the report estimated.

Also, a key indicator of potential future herd expansion is the number of replacement heifers ranchers keep in their herds. The July 1 inventory showed the number of beef replacement heifers unchanged at 4.2 million.

Apparently one part of "adapt to climate change" means becoming a vegetarian...

by asdf on Sun Jul 22nd, 2012 at 11:26:44 PM EST
[ Parent ]
It surely means eating less beef...
by afew (afew(a in a circle)eurotrib_dot_com) on Mon Jul 23rd, 2012 at 01:47:51 AM EST
[ Parent ]
The Soylent Green solution.

http://www.youtube.com/watch?v=_wp4O7v5320
by THE Twank (yatta blah blah @ blah.com) on Mon Jul 23rd, 2012 at 06:23:54 AM EST
[ Parent ]
by afew (afew(a in a circle)eurotrib_dot_com) on Sun Jul 22nd, 2012 at 11:19:19 AM EST
Wiggins becomes Britain's first Tour de France winner | Reuters

(Reuters) - Bradley Wiggins was greeted by thousands of Union Jack-waving fans on the Champs Elysees when he claimed the 99th edition of the Tour de France to become the first British winner of the famous race on Sunday.

Wiggins finished safe in the bunch on the 20th and last stage, a 120-km ride from Rambouillet, as he helped his Sky team mate and fellow Briton Mark Cavendish to victory.

"What a finish, that was something, Mark won the stage after we led him out in the finale. Wonderful, wonderful," Wiggins told reporters.

by afew (afew(a in a circle)eurotrib_dot_com) on Sun Jul 22nd, 2012 at 03:53:06 PM EST
[ Parent ]
Guardian Review - Little America by Rajiv Chandrasekaran

There is nothing inevitable about the way things have turned out in Afghanistan. Afghans do not appreciate foreign troops on their soil more than any other people, but in 2001, after two decades of war and five years of brutal Taliban misrule, they were open to whatever the Americans and their British allies had to offer. We had to work hard to make them hate us.

The disasters of the Bush era are all too well known. After invading Afghanistan in pursuit of al-Qaida, US forces were ordered into Iraq, leaving Afghanistan to languish and fester. It was the greatest strategic folly in modern times.

Barack Obama's Afghan war was meant to be different.....

I read his previous book, Imperial Life in the Emerald City, about the Iraq War, a funny yet terrifying book with a sense of outraged horror. This review suggests this will be much the same.

Interestingly, the Guardian had an interview with Emma sky, who was a senior civilian adviser in Iraq who said many interesting things about the fubar that was Iraq and confirmed many things which chandrasekaran said in his first book. Worth reading if you have half an hour

Guardian - Inside Iraq: the British peacenik who became key to the US military

Guardian - Inside Iraq: 'We had to deal with people who had blood on their hands'

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Mon Jul 23rd, 2012 at 03:20:39 AM EST
[ Parent ]


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