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European Salon de News, Discussion et Klatsch - 21 September

by In Wales Thu Sep 20th, 2012 at 04:23:35 PM EST

 A Daily Review Of International Online Media 


Europe on this date in history:

1993 Russian President Boris Yeltsin, suspends parliament and scraps the then-functioning constitution, thus triggering the Russian constitutional crisis of 1993.

More here and here

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Ad astra per aspera

by In Wales (inwales aaat eurotrib.com) on Thu Sep 20th, 2012 at 03:44:25 PM EST
Berlin summons Minsk envoy over observer visas | News | DW.DE | 20.09.2012

Germany has summoned Belarus' embassador to Berlin after Belarus authorities denied entry visas to election observers ahead of Sunday's parliamentary poll.

Berlin's Foreign Ministry summoned the Belarusian ambassador on Thursday after the two observers, one of them German, were denied visas.

Germany's special representative for Eastern Europe, Antje Leendertse, had made clear to Belarusian ambassador Andrei Giro "that the federal government has no understanding at all of electoral observers... and journalists being refused visas," a German foreign ministry statement said.

"Constraints on press freedom, entry denials and hindrances to civil society are already a potential negative sign in the run-up to the election and a further setback to social development," a spokeswoman for the ministry said.



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by In Wales (inwales aaat eurotrib.com) on Thu Sep 20th, 2012 at 03:55:47 PM EST
[ Parent ]
France tightens embassy security over cartoons - FRANCE - FRANCE 24

Security was tightened at French embassies, consulates, cultural centers and international French schools in countries with sizeable Muslim populations Thursday - a day after a Paris-based satirical weekly published obscene cartoons of the Prophet Mohammed.

Hours after the satirical weekly, Charlie Hebdo, hit the French newsstands Wednesday, the French Foreign Ministry announced that embassies and official missions in 20 Muslim countries would be closed on Friday.



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by In Wales (inwales aaat eurotrib.com) on Thu Sep 20th, 2012 at 03:59:07 PM EST
[ Parent ]
Nothing happened.

The problem was not the cartoons, but the immense fuss about increasing security etc. because those silly hot-headed Muslims might become violent.

But they bravely resisted the provocation.

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

by eurogreen on Fri Sep 21st, 2012 at 11:50:48 AM EST
[ Parent ]
Paris Apple staff to strike for iPhone 5 launch - FRANCE- APPLE - FRANCE 24

Apple Store workers in Paris are set to go on strike Friday in a dispute over pay and working conditions.

The industrial action in the French capital's three Apple stores is set to coincide with the launch of company's latest offering, the iPhone 5.

Workers there complain about the high-pressure working environment and low salaries.

"It's like working in a coal mine," one part-time worker, who asked not to be named, told FRANCE 24.

"Arriving on time is frowned upon"

Staff, he said, were monitored by CCTV "all the way to the toilet door", were searched when leaving work and endured a work culture where "even arriving on time is frowned upon".



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by In Wales (inwales aaat eurotrib.com) on Thu Sep 20th, 2012 at 04:03:50 PM EST
[ Parent ]
Just more Apple-bashing, obviously.
by afew (afew(a in a circle)eurotrib_dot_com) on Fri Sep 21st, 2012 at 02:11:59 AM EST
[ Parent ]
American capitalists are American. More at 11. Or tomorrow, in lazy Europe.
by Colman (colman at eurotrib.com) on Fri Sep 21st, 2012 at 05:20:57 AM EST
[ Parent ]
What the company should be concerned with is the maps, apparently:
How Bad Is Apple's iOS6 Maps Disaster?
The Apple Mapocalypse has come.

A sure sign of balanced reporting is using "disaster" in the headline.

Quantifying the Impending iOS 6 Maps Backlash

Apple is risking upsetting 70% of the world's population

I'm out of snark. Cannot bring myself to care.
Please notify me when Apple users are killing and eating each other because they cannot find their way to the supermarket.


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sapere aude

by Number 6 on Fri Sep 21st, 2012 at 05:15:26 AM EST
[ Parent ]
Picture of strving africans, titled:

Apple is risking upsetting 70% of the world's population

by IM on Fri Sep 21st, 2012 at 05:19:19 AM EST
[ Parent ]
Have they actually disabled Google maps, or just not made it the default mapper?

i.e. do you have to jailbreak your eyephone to make it useable?

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

by eurogreen on Fri Sep 21st, 2012 at 05:26:05 AM EST
[ Parent ]
From what I'm reading it's not the default, i.e. 3rd party apps will default to the Apple one.


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sapere aude
by Number 6 on Fri Sep 21st, 2012 at 05:34:09 AM EST
[ Parent ]
Their license for Google Maps ran out this year. I don't know if Apple was jumped or pushed off the Google Maps bandwagon: possibly Google just offered a deal Apple had to refuse or Apple guessed wrong on the quality of their offering at launch.

You can use the Google Maps mobile web site and install the web app. It's expected that Google will release a maps app in the same way they've released a Youtube app. Problem is that it won't be integrated into the system services used by third party apps.

It's not clear how quickly Apple can  fix the problem: their base data should be good - taken from three map companies including Tom Tom, but it seems their integration and filtering process needs just a little tweaking ...

By all accounts it works fine if you're somewhere where the data  is  good - seems fine to me in my limited testing, but there's an Apple facility in Cork so Ireland was probably relatively well tested. Again, Silicon Valley and thereabouts and some of the major US cities seem ok from reports. My Scandinavian and central European contacts have been going apeshit about it. So I'd guess it's a problem of quality control on the integrated data at the server end.

by Colman (colman at eurotrib.com) on Fri Sep 21st, 2012 at 05:35:17 AM EST
[ Parent ]
Actually, just looked at the data credits on the Maps app - data is taken from lots and lots of sources.
by Colman (colman at eurotrib.com) on Fri Sep 21st, 2012 at 05:49:17 AM EST
[ Parent ]
It's utterly unusable in the UK - obvious basic errors, missing cities, unlabelled roads, spelling mistakes...

It's only partly a data entry issue. Apple is claiming to use the Ordnance Survey data set, which is definitive for the UK. OS are mapping obsessives and they lose sleep over tiny features misplaced by a metre.

Somehow almost all of that detail has been lost from Maps.

My guess is Apple outsourced data entry to India or China for not much money, and no one bothered to check the returns outside a few US locations. If someone did report a problem, they were shouted down.

Beta testers have known about this for months, and have been telling Apple about it since the first betas came out.

But apparently, Apple have been working on this for years already. So the chances of a quick fix are zero.

A Google Maps app will fix the problem for users, but not for developers. All mapping apps start with Apple's own toolkit. It's fairly easy to use - but it uses Apple's data now.

Alternative data sets are available. But if you want to use them you have to create your own software toolkit from scratch, or find some code on github that will do same - which is not a trivial thing, especially if you want to include routing.

So devs have a choice between doing a lot of extra unnecessary work now, or using a data set that is nowhere close to being fit for purpose.

And all existing apps that use maps are now broken and unreliable.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Fri Sep 21st, 2012 at 11:37:42 AM EST
[ Parent ]
All this, why? Because they're pissed off that Google got there first?
apparently, Apple have been working on this for years already.
What!?

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Migeru (migeru at eurotrib dot com) on Fri Sep 21st, 2012 at 11:45:27 AM EST
[ Parent ]
Google were on the way out as soon as Jobs had his hissy fit about Android and his 'personal betrayal' by Google and Schmidt.

It's likely work started then, although it may have been low priority. So that's - what? - three years?

Google knew something was up last year because no one was certain the mapping contract would be renewed. Obviously it was, but it was the first year it wasn't a foregone conclusion.

Apple certainly have the cash to do Maps properly. What they don't have is the time.

Google have been working on their maps for ten years now, and tight integration of custom aerial mapping with POI advertising and StreetView makes duplication very difficult.

But it's wider than that. Apple is all about the user perception of coolness. Giving someone a tool that's so bad it's making international headlines is going to do a lot of damage to the brand and to sales of the iPhone 5.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Fri Sep 21st, 2012 at 12:17:31 PM EST
[ Parent ]
Now, this
And all existing apps that use maps are now broken and unreliable.
is what's really going to cause them headaches.

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Migeru (migeru at eurotrib dot com) on Fri Sep 21st, 2012 at 12:22:23 PM EST
[ Parent ]
Huh?

Venturebeat: How Steve Jobs felt betrayed by Eric Schmidt over Google's Android (October 20, 2011)

Schmidt was a member of Apple's board from 2006 to 2009. But the two companies began to compete with each other, at first without knowing it, when Apple launched the iPhone in 2007. The story was captured in Walter Isaacson's biography of Jobs, which will be officially released Monday but has been leaked to the New York Times and the Associated Press.

The AP said the that Schmidt quit Apple's boadr as Google and Apple went head-to-head in smartphones. Jobs was livid in January, 2010, when HTC introduced an Android phone that boasted many of the popular features of the iPhone. One of those was a "multitouch" screen where multiple fingers could be registered on a touchscreen. Google's first Android phone did not have such a touchscreen.

...

Schmidt, meanwhile, denied that there was discord with Jobs.

"We understood it was a possibility when I joined the board," he said of the business conflicts. "We had adult conversations about it at the beginning and the end.



I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Migeru (migeru at eurotrib dot com) on Fri Sep 21st, 2012 at 12:25:38 PM EST
[ Parent ]
Apple started buying mapping companies in 2009. So there was a plan to do something with them since at least then.

iPhoto on iOS uses a different mapping technology again. It could have used Google maps, but didn't.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Fri Sep 21st, 2012 at 12:31:30 PM EST
[ Parent ]
Interlocking directorates: Coming to a corporation near you.

- 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 Fri Sep 21st, 2012 at 01:06:55 PM EST
[ Parent ]
ThatBritGuy:
It's utterly unusable in the UK

Various London authorities seem to agree:



Europeans think a hundred miles is a long way. Americans think a hundred years is a long time.

by Bernard on Fri Sep 21st, 2012 at 12:54:05 PM EST
[ Parent ]
It seems to be pretty complicated. I use an IOS application "PocketPacket" that uses maps, and it comes up today with what seems to be a TomTom map. Not sure if that's because the application came from Europe--Greece, I think...

http://itunes.apple.com/us/app/pocketpacket/id336500866?mt=8

by asdf on Fri Sep 21st, 2012 at 11:06:20 AM EST
[ Parent ]
Where did they put Mecca?
by gk (g k quattro due due sette "at" gmail.com) on Fri Sep 21st, 2012 at 05:31:10 AM EST
[ Parent ]
Here my guess.


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sapere aude
by Number 6 on Fri Sep 21st, 2012 at 05:58:04 AM EST
[ Parent ]
The Economist: The tipping point. How much austerity is too much?

A FORTNIGHT is a long time in the euro crisis. In two short weeks Portugal has gone from being a model pupil, praised in Brussels and Frankfurt for steadfastly pressing ahead with a reform programme tied to a €78 billion ($101 billion) bail-out to a cautionary example of the dangers facing governments which attempt to push austerity beyond the tolerance of long-suffering voters.

With his decision to finance a reduction in company costs through a sharp cut in workers' take-home pay, Pedro Passos Coelho, Portugal's prime minister, appears to have taken reform past the limit of what is deemed acceptable by large parts of the electorate. Until then, voters had accepted successive rounds of belt-tightening with grudging resignation.

The prime minister is proposing to cut employers' social-security contributions by 5.75 points, to 18% of their wage bill. By reducing labour costs in this way, he hopes to boost employment, push down prices and increase Portugal's export competitiveness. What makes the reform such a bitter pill for workers is that their social-security contributions will increase from 11% to 18% of their pay to finance the measure.



Vencit omnia veritas.
by Luis de Sousa (luis[dot]a[dot]de[dot]sousa[at]gmail[dot]com) on Fri Sep 21st, 2012 at 03:25:26 AM EST
[ Parent ]
Even the Economist is beginning to doubt?

Tipping point indeed.

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

by eurogreen on Fri Sep 21st, 2012 at 04:19:37 AM EST
[ Parent ]
I don't see any acceptance by The Economist that austerity is a counter-productive policy. i.e. that it doesn't work.

Instead this is all about the obstacle democracy is posing.

by Metatone (metatone [a|t] gmail (dot) com) on Fri Sep 21st, 2012 at 05:25:46 AM EST
[ Parent ]
True. but there is the beginning of an acknowledgement that the miracle cure is not working.

It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II
by eurogreen on Fri Sep 21st, 2012 at 05:27:29 AM EST
[ Parent ]
How about different coloured leeches this time, instead of just more of them?


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sapere aude
by Number 6 on Fri Sep 21st, 2012 at 05:38:22 AM EST
[ Parent ]
Eurointelligence Daily Morning Newsbriefing: Spain seeks OMT through backdoor (21.09.2012)
El Pais reports that Spain is looking to plug unused funds of the €100bn bank restructuring programme to apply for a precautionary credit line; Spain would still need to make an application to the ESM, but hopes to avoid further conditions; EU sources confirmed the discussions, but insisted that a Memorandum of Understanding was still needed; this pathway might circumvent a vote by the Bundestag; the FT reports that Brussels and Madrid have been working behind the scenes on a programme; the scope of negotiations includes structural reforms that previously not considered by the Spanish government; Frankfurter Allgemeine expresses outrage at the attempt by Spain to trick itself into a rescue, but writes that Wolfgang Schauble might be a willing accomplice, as he, too, wants to avoid a Bundestag vote; Suddeutsche Zeitung says it is legitimate to use the existing programme, but Spain should agree to conditions; Spanish three and ten-year yields dropped yesterday; the president of BBVA says Spain should apply for a programme immediately; Felipe Gonzales sympathises with Mariano Rajoy's wait-and-see approach; Spain's opposition leader  Alfredo Pérez Rubalcaba said he would not apply for a programme; FT Deutschland reports that talks are under way for an official sector write down of Greek debt - relating to the first Greek programme; negotiators have noted that due to a technical oversight, such a write off can occur without a vote in the Bundestag; Greek coalition leaders made further progress towards an agreement; measures include an increase in the pension age to 67 years and further wage cuts; the Italian government yesterday cut its economic forecasts for this year and 2013 as debt-to-GDP is approaching 127%; Spanish employment is worsening further; the Spanish business owners' association is forecasting a further fall in GDP; Mariano Rajoy and Artur Mas fail to agree on Catalonian fiscal autonomy; the French government is piling on the pressure on their MPs to vote for the fiscal pact, but the government may need to rely on opposition votes; Jyrki Katainen says it will be difficult to get a banking union in place by the end of the year; Benoit Coeuré says an active monetary policy requires a passive fiscal policy; Jean Pisani-Ferry and Guntrum Wolff, meanwhile, list five conditions a banking union should fulfil - the most important being that it must be comprehensive.


I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Migeru (migeru at eurotrib dot com) on Fri Sep 21st, 2012 at 03:44:47 AM EST
[ Parent ]
French government is piling on the pressure on Socialist MPs

Jean-Marc Ayrault is increasing the pressure to get Socialists to back the fiscal pact, saying that abstaining would be as unacceptable as an outright No vote.  Socialist group leaders in both the senate and the National Assembly warned that MPs cannot simultaneously support Hollande and vote against the pact. Out of 300 Socialist MPs, 15 to 25 oppose openly the treaty. Not much, but enough symbolically to worry about, writes Guillaume Tabard in his blog for Les Echos. Among the Greens, scepticism reigns. The minister for relations with the parliament estimates that half of the Greens will vote against, one quarter will abstain and one quarter will vote for the fiscal pact. Politically it would be a disaster if the government has to rely on the conservatives to secure the vote, according to Tabard. He also warns that if as currently discussed there are two votes, one political declaration ahead of a vote on the fiscal pact itself, the likelihood increases that deputies vote yes in the first, feeling free to vote "no" in the second vote.



I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Migeru (migeru at eurotrib dot com) on Fri Sep 21st, 2012 at 03:55:26 AM EST
[ Parent ]
Katainen says banking union ain't gonna happen this year

Reuters reports that Jyrki Katainen has cast doubt on a banking union this year. He said a banking union must not be abuse to deal with sick banks. He said it would be very hard indeed to set it up this year. Erkki Liikanen also emphasised the need for a banking union not be constructed as a transfer mechanism between good banks and bad banks.

What the heck does this knucklehead think a banking union is for other that dealing with sick banks?

There's another way to deal with sick banks: disorderly cascading bank failures.

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS

by Migeru (migeru at eurotrib dot com) on Fri Sep 21st, 2012 at 03:56:58 AM EST
[ Parent ]
Let the market come up with solutions.

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sapere aude
by Number 6 on Fri Sep 21st, 2012 at 05:40:31 AM EST
[ Parent ]
Coeuré calls for a "passive" fiscal policy

This is quite an extraordinary speech from an ECB board member, and perhaps an indication of a tectonic shift current taking place in European central banking (outside Germany of course, where nothing has shifted). Business Insider quotes the part of Benoit Coeuré's speech where he demands a different type of fiscal regime than the one outlined under the Maastricht Treaty:

"To borrow from Leeper's terminology, this means that an "active" monetary policy - namely a monetary policy that actively engages in the setting of its policy interest rate instrument independently and in the exclusive pursuit of its objective of price stability - must be accompanied by "passive" fiscal policy. A passive fiscal policy means that the fiscal authority must be ready and willing to adjust its policy stance (revenues and primary spending) in such a way as to stabilise its debt at any level of the interest rate that the central bank may choose. Or, to put it another way, borrowing from Woodford's terminology, fiscal policy needs to be `Ricardian'."
This is, IMHO, completely ass-backwards. You should have an active fiscal policy and an accomodating monetary policy stance.

Coeuré's proposal is, however, workable, unlike the Maastricht treaty.

That it puts the ECB in charge of fiscal policy and leads to restrictive economic policy overall is unfortunate, but this may be the beginning of a pendulum swing.

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS

by Migeru (migeru at eurotrib dot com) on Fri Sep 21st, 2012 at 04:02:09 AM EST
[ Parent ]
After the power grab by the ECB is complete, comes the realisation that with power comes responsibility.

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Migeru (migeru at eurotrib dot com) on Fri Sep 21st, 2012 at 04:41:07 AM EST
[ Parent ]
Draghi-man, Draghi-man, doing things a Draghi can.


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sapere aude
by Number 6 on Fri Sep 21st, 2012 at 05:42:59 AM EST
[ Parent ]
EU Delegation in Croatia: Commissioner Andor to encourage Croatia to continue efforts on employment and social inclusion (20.09.2012)
He will encourage the Croatian Government to implement the recently announced labour legislation reform and to address remaining structural weaknesses in the labour market, particularly with regards to employment of women and older people. He will highlight the need for Croatia to participate in the Europe 2020 Strategy and notably integrate its targets for employment and social inclusion, and urge the Croatian Government to prepare to take full advantage of the European Social Fund (ESF) to co-fund projects to invest in human capital. He will also meet with Croatian social partners and remind them of the enhanced role which the Treaty of Lisbon gives them. Andor will also award contracts for two specific schemes under the Instrument for Pre-Accession to further strengthen investment in human capital in Croatia. The first scheme includes some 7 contracts, worth around €1 million, on "Improving access to sustainable employment of long-term unemployed highly educated persons" and the second scheme includes some 30 contracts, together worth around €4 million, on "Modernisation of school curricula in VET schools in line with the changing needs of the labour market/economy".


I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Migeru (migeru at eurotrib dot com) on Fri Sep 21st, 2012 at 09:08:33 AM EST
[ Parent ]
Graham Watson MEP: Newsletter (21st September 2012)
Energy ministers from the 27 member states met on Monday to discuss trans-european energy infrastructure (cables and pipelines) and how to increase investment in renewable energy generation. Under pressure from the short term thinking which accompanies any economic slump, and under the onslaught of a multi-million euro campaign from the natural gas companies, the switch from fossil fuels to renewables has been questioned and may be delayed. I met the European Climate Foundation and others to discuss how we fight back.

Th gridlock in justice and home affairs policy caused by a decision of the JHA Ministers on 8 June not to involve Parliament in a review of the Schengen border control agreements and a retaliatory decision by MEPs to withhold parliamentary approval of five other dossiers is moving towards a resolution. As has happened in the past, Parliament has prevailed. We have fewer powers than the Council of Ministers, but enough to ensure they cannot marginalise our role in policy making.

...

The row over the absence of women from the board of and director-level positions within the European Central Bank was intensified by an open letter from my excellent French colleague Sylvie Goulard MEP to the President of the Euro-Group suggesting that the ECB's headquarters be transferred to Riyadh or to The Vatican while this remains the case. Under current tenure agreements the situation cannot be resolved before 2018.



I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Migeru (migeru at eurotrib dot com) on Fri Sep 21st, 2012 at 10:43:22 AM EST
[ Parent ]
 ECONOMY & FINANCE 


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by In Wales (inwales aaat eurotrib.com) on Thu Sep 20th, 2012 at 03:44:45 PM EST
Eurozone economy faces worst quarter in three years | Business News | DW.DE | 20.09.2012

Economic gloom in the eurozone is set to worsen, according to a key business indicator, as more companies adjust to weak demand by shedding workers. Recession is expected to return to all of its members, except Germany.

The closely-watched Purchasing Managers Index (PMI) dropped to 45.9 points in the eurozone in September, down from 46.3 points in August, British research group Markit said Thursday, after polling 5,000 eurozone businesses in the course of the month.

The reading showed private sector business activity declining for the eighth consecutive month, Markit Chief Economist Chris Williamson said in a statement, with the data suggesting that the 17-nation currency area would see the "worst quarter for three years" at the end of the month.



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by In Wales (inwales aaat eurotrib.com) on Thu Sep 20th, 2012 at 03:56:21 PM EST
[ Parent ]
King says euro zone threatens slow UK recovery | Reuters

(Reuters) - The economy is recovering slowly, but much depends on the euro zone finding a way to put its problems behind it, and there is little sign that a return to normal economic conditions is close, Bank of England governor Mervyn King said on Thursday.

"I think the next quarter will probably be up. I think we're beginning to see a few signs now of a slow recovery, but it will be a slow recovery. After a banking crisis one can't expect to get back to normal and I fear it will take a long time," he said in a television interview for Channel 4 News.



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by In Wales (inwales aaat eurotrib.com) on Thu Sep 20th, 2012 at 04:08:52 PM EST
[ Parent ]
... more companies adjust to weak demand by shedding workers.

And the Feedback Loop completes.

 

Ever since I learnt about confirmation bias I've started seeing it everywhere

by ATinNM on Fri Sep 21st, 2012 at 12:10:13 PM EST
[ Parent ]
More austerity

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sapere aude
by Number 6 on Fri Sep 21st, 2012 at 12:15:52 PM EST
[ Parent ]
Boss of UBS 'rogue trader' ignored risk warnings, court told - FRANCE 24

AFP - The former boss of a UBS trader accused of losing the Swiss bank $2.3 billion in "rogue trades" turned a blind eye to his excessive deals due to the profits they reaped, a London court heard Thursday.

Ronald Greenidge, who managed Kweku Adoboli from 2008 until April 2011, was also accused by defence lawyer Charles Sherrard of being aware of a secret "umbrella fund" used to hold the unauthorised profits.

During combative exchanges in the hearing, adjourned for a short time after Greenidge was taken ill, the former banker strenuously denied he had tolerated Adoboli's deals that exceeded the bank's trading limits.



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by In Wales (inwales aaat eurotrib.com) on Thu Sep 20th, 2012 at 04:02:10 PM EST
[ Parent ]
Analysis - Italy's growth outlook still dismal after Monti reforms | Reuters
(Reuters) - Prime Minister Mario Monti may have saved Italy from ruinous default but the growth potential of Europe's most sluggish economy is as weak as ever, and that means prospects for lasting debt reduction remain fragile.


Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Sep 20th, 2012 at 04:09:18 PM EST
[ Parent ]
bbbut, today he said he saw the light at the end of the tunnel replete with sheen groots of -.2 projected 2013 growth.

and... get a grip on something firm and solid like a fiat currency if italy didn't continue hewing to his austerity proscriptions she would no longer be taken seriously at EU financial discussions!

his finance minister, looking almost as funereally cadaverous as rockefeller, with a touch of victor spinetti spiv.

talking of fiat, marchionne is threatening to take the factory to somewhere else.

where they don't have pesky unions spoking his profit wheels.

ciao ciao!

next, beppe grillo will suggest making windmills, oops turbines and trains in the vacated factory...

meanwhile burlesquoni is making rustling noises from his political casket, perhaps thinking of his media share price bounce from sharing kate's mammaries with a fascinated public...

more garlic!!

It's a fine line between homage, parody, and consumer opportunism. Jess Walter

by melo (melometa4(at)gmail.com) on Thu Sep 20th, 2012 at 10:24:50 PM EST
[ Parent ]
Another sign of approaching middle age is that I'd missed the epithet "burlesquoni".

(Curse you, day job!)


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sapere aude

by Number 6 on Fri Sep 21st, 2012 at 05:45:56 AM EST
[ Parent ]
Surprise CDU Support Edges Germany Toward Gender Quota Law - SPIEGEL ONLINE

The German government has long been divided over whether the country needs a legal quota for women at the upper echelons of German businesses, but in a surprising development, advocates of such a mandate could soon get their way.

OAS_RICH('Middle2'); Enough support has emerged in the Bundesrat, or upper legislative chamber representing Germany's 16 federal states, that a majority will likely approve a binding gender quota initiative on Friday, the conservative daily Die Welt reports.

The legislative initiative, which would still need approval by Germany's lower house of parliament, or Bundestag, is largely supported by the opposition environmentalist Greens and the center-left Social Democrats (SPD), and was proposed by the SPD-led city-state of Hamburg. It would require publicly traded companies to have at least 40 percent women on their supervisory boards.



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by In Wales (inwales aaat eurotrib.com) on Thu Sep 20th, 2012 at 04:19:23 PM EST
[ Parent ]
Martin Wolf: Puzzle of falling UK labour productivity
Labour hoarding is surely part of the story. Corporate finances are strong, which makes the hoarding affordable - and indeed, desirable in the medium term. Moreover, real wages have been falling, making it cheaper to retain workers. Yet, though this must be part of the story, it cannot be all of it. It does not explain why employment has recently been rising. Moreover, as the stagnation continues, hoarding must make less sense. Yet employment stays robust.

Falling real wages also justify substituting labour for capital. I suspect this is part of what has happened. Yet it is hard to believe it explains much of a shortfall of 12 per cent in output per worker, relative to the pre-crisis trend.

Mr Broadbent suggests a third cause: misallocation of capital due to a defective financial system. The decline in the rate of overall investment is not big enough to explain the productivity puzzle. But he notes that prices and profitability have diverged across sectors to a greater extent than normal. Yet this has not triggered a large reallocation of capital to high-return activities. As a result, "some firms are kept in business . . . despite making relatively low returns. Others, able to expand but unable to obtain the finance to do so, are forced to substitute labour for capital".



I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Migeru (migeru at eurotrib dot com) on Thu Sep 20th, 2012 at 05:28:53 PM EST
[ Parent ]
So, if you don't fire workers the moment there is a bit of slack in sales you are 'hoarding labor'? Sad to see Martin Wolf using such a pernicious meme. Then there is this further down:

Mr Broadbent suggests a third cause: misallocation of capital due to a defective financial system. The decline in the rate of overall investment is not big enough to explain the productivity puzzle. But he notes that prices and profitability have diverged across sectors to a greater extent than normal. Yet this has not triggered a large reallocation of capital to high-return activities.

Could it be that the financial sector has so trashed the economy that it IS the only sector with high-return activities - activities that are increasingly seen as socially destructive fraud schemes that rely on government bailouts to the well connected as the true source of profit?

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Fri Sep 21st, 2012 at 01:43:07 AM EST
[ Parent ]
Financialisation as Dutch disease.

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Migeru (migeru at eurotrib dot com) on Fri Sep 21st, 2012 at 02:06:07 AM EST
[ Parent ]
You're not worried Dutch people will feel offended? ;)
by afew (afew(a in a circle)eurotrib_dot_com) on Fri Sep 21st, 2012 at 02:17:46 AM EST
[ Parent ]
Mr Broadbent suggests a third cause: misallocation of capital due to a defective financial system.

Do these people think physical capital is as easy to "reallocate" as financial capital?

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS

by Migeru (migeru at eurotrib dot com) on Fri Sep 21st, 2012 at 04:04:22 AM EST
[ Parent ]
Yes.

This has been another edition of Simple Answers To Simple Questions.

- 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 Fri Sep 21st, 2012 at 04:22:44 AM EST
[ Parent ]
Yes.
Both are single line entries in a database.


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sapere aude
by Number 6 on Fri Sep 21st, 2012 at 04:47:24 AM EST
[ Parent ]
They probably think so, but... In the current sequence (past 20 years) complete industrial plant (in textiles for ex) has been shipped to low-labour-cost countries, with new service enterprises dedicated to the dismantling, shipping and reassembly activity.

Shut down your company here, ship your stuff elsewhere, start up again over there. Not as quick and easy as finance, but doable enough that it gets done.

by afew (afew(a in a circle)eurotrib_dot_com) on Fri Sep 21st, 2012 at 05:34:27 AM EST
[ Parent ]
Recently at a party, I had a discussion with someone who was adamant that if you taxed movement of capital at all, nobody, but nobody would invest in your area, unless you're growing at 15% per year.

This seems to me to fly in the face of history but who am I to make a judgment...

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

by Cyrille (cyrillev domain yahoo.fr) on Fri Sep 21st, 2012 at 07:04:45 AM EST
[ Parent ]
Do these people think physical capital is as easy to "reallocate" as financial capital?

As asdf noted they do it because it is profitable and there is no downside to them, as they lack or have anesthetized whatever might pass for a social conscience. It is the direct consequence of having a functionally monovalent value system.  

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Fri Sep 21st, 2012 at 10:39:55 AM EST
[ Parent ]
It does not explain why employment has recently been rising. Moreover, as the stagnation continues, hoarding must make less sense. Yet employment stays robust.

Falling real wages also justify substituting labour for capital. ...

... "some firms are kept in business . . . despite making relatively low returns. Others, able to expand but unable to obtain the finance to do so, are forced to substitute labour for capital".

Or maybe it is just that labour is moving to lower productivity sectors because the financial hoarders don't actually know or care to invest in the physical capital that will make workers more productive.

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Migeru (migeru at eurotrib dot com) on Fri Sep 21st, 2012 at 04:07:06 AM EST
[ Parent ]
Surely this is a healthy symptom of adjustment to new realities of lower return on capital? Why does everybody seem so alarmed? The business model of employing more people to make more goods and services and a modest profit looks pretty good to me. How the hell else can we get back to full employment?

Is the phenomenon observable elsewhere than in the UK?

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

by eurogreen on Fri Sep 21st, 2012 at 04:32:09 AM EST
[ Parent ]
We're talking about output per worker
Since the start of the recession, the output per worker in the UK has fallen by 3 per cent. This is extraordinary. In a recent speech, Ben Broadbent, a member of the Bank of England's Monetary Policy Committee, noted that if the pre-crisis relationship between output and employment still held, the number of jobs would have fallen by 8 per cent since mid-2007. Yet employment has risen since then. It has also apparently risen since early 2010, despite stagnant output and falling public sector employment.
We need to think about what that means and whether it should always be increasing. Evidently, if you have one extremely productive worker and everyone else is unemployed you have high output per worker but low overall output, whereas if you employ lots of people at lower productivity you can be better off in the aggregate because there's more output to share among the population.

Increasing the active-to-dependent population ratio will have the effect of increasing GDP (even per capita) while lowering output per worker. It may or may not be the case that overall welfare improves, especially is the previously "inactive" people are actually ufit, disabled, sick, old, or could be in education, or if they were providing unpaid care for relatives.

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS

by Migeru (migeru at eurotrib dot com) on Fri Sep 21st, 2012 at 04:39:31 AM EST
[ Parent ]
We need to think about what that means and whether it should always be increasing.

Well, I've thought about it, and it seems obvious to me that the answer is no. i.e. I see no inherent virtue in increased output per worker.

I understand that it is, per se, virtuous for the supplier of the capital. It may well be virtuous for the individual worker who has a job, in that it makes their employer more profitable (theoretically that might lead to a pay rise, but only if employment were tight; but it makes their employer less likely to go bust).

But for society at large, I just can't see it. When you have a large pool of employable people who would like to work, then it seems likely that the jobs which are created are almost inevitably less productive than the average of existing jobs.

And when you look at the sectors where jobs need to be created, then they are certainly less productive than existing jobs (how do you calculate the productivity of a child minder, health worker, teacher?)

i.e. any conceivable improvement in overall employment can only lead to lower average productivity.

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

by eurogreen on Fri Sep 21st, 2012 at 05:21:26 AM EST
[ Parent ]
Indeed:
All Job Creation Is Local (Well, Almost)|The Atlantic

For every new tech software team [...] requires another doctor, another dry cleaner, and another store clerk, and so forth, to perform their day-in-day-out needs. Global (or national) demand creates high-paying jobs that raises local demand for service jobs that are a mix of high-paying (doctors) and low-paying (receptionists).

It's debatable if we should go as far as Orson Scott Card and say that rich people deserve a slave class. (Wish I could find that article again.)


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sapere aude

by Number 6 on Fri Sep 21st, 2012 at 05:53:57 AM EST
[ Parent ]
It is necessary to distinguish between productivity per worker and per man-hour. Your analysis is true for the former, but not for the latter (and the latter is what people usually mean when they talk about productivity, even if they use the former in their analysis because their statistics are too coarse-grained to accurately measure hourly productivity).

All else being equal, more productivity per man-hour is good - it means less drudgery is needed for the same level of material comforts.

Of course all else is not equal, and in the real world hourly productivity has to be balanced against productivity w.r.t. other raw materials, distribution of work (one man working full time and one man not working will almost certainly have higher hourly productivity, but this is politically unpalatable), distribution of income, overall production targets (it may not be possible to maintain high productivity without maintaining higher-than-desirable levels of production), etc.

- 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 Fri Sep 21st, 2012 at 06:11:25 AM EST
[ Parent ]
Your analysis is true for the former, but not for the latter

I can't see that.

Hypothetical : if in a year from now, there are a million fewer unemployed in France (and a pony), I would be very surprised if hourly productivity were not lower. Would that fall in average hourly productivity be a bad thing?

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

by eurogreen on Fri Sep 21st, 2012 at 06:17:29 AM EST
[ Parent ]
Actually, it would probably be higher, because you would have greater wage pressure.

Low wages make employers waste their employees' time.

- 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 Fri Sep 21st, 2012 at 06:19:32 AM EST
[ Parent ]
Interesting way to phrase it.

Because there is no incentive to use resource in the most efficient way, you mean?

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sapere aude

by Number 6 on Fri Sep 21st, 2012 at 06:25:36 AM EST
[ Parent ]
It is a fantastic way to phrase it.

Low wages mean low value-added unless the employer is fleecing the employee.

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS

by Migeru (migeru at eurotrib dot com) on Fri Sep 21st, 2012 at 06:27:02 AM EST
[ Parent ]
Because there is no incentive to use resource in the most efficient way, you mean?

Yes. If labor is expensive, buying machines that make life easier for your labor force is more attractive than when labor is cheap.

Additionally, low wages (and, particularly, low upwards pressure on wages) correlate with labor having little power and little status. And deliberately wasting people's time is a way to drive home power and status disparity.

Bluntly put, if you're paid € 100 per hour, you probably don't have to put up with some dipshit who makes you wait for half an hour on a meeting just to impress upon you how important he is and how unimportant you are. If you're paid € 10 per hour, you do. Routinely.

- 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 Fri Sep 21st, 2012 at 06:36:48 AM EST
[ Parent ]
Also poor management decisions have a big influence on productivity.

Not only is your immediate superior likely to be offensive, but they're also likely to be bad at their job - which means you don't just produce less, and are motivated not to be produce more, but when you do actual productive work it's simply wasted.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Fri Sep 21st, 2012 at 07:58:30 AM EST
[ Parent ]
It doesn't seem likely to me that suddenly some healthy business model has suggested itself to the entrepreneurial mind. There's no reason for alarm, but this development is all the same intriguing.
by afew (afew(a in a circle)eurotrib_dot_com) on Fri Sep 21st, 2012 at 05:41:44 AM EST
[ Parent ]
That's from the Financial Times, by the way...

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Migeru (migeru at eurotrib dot com) on Fri Sep 21st, 2012 at 04:51:54 AM EST
[ Parent ]
I've seen a lot of noise about the employment level - but I think it needs to be tempered with this:

http://www.ft.com/cms/s/0/8533bbce-fce6-11e1-9dd2-00144feabdc0.html

The jobless rate had fallen from 8.4 per cent to 8 per cent of the workforce this year, but has risen again to 8.1 per cent in the latest data. The reason it is not falling faster is that students, retired people and people on long-term sick leave are returning to the labour market. These "economically inactive" people fell by 181,000 in the latest quarter.
That is not good news for the unemployed, more than 900,000 of whom have been jobless for more than a year. "Unemployment has sat in the 2.4m-2.6m range for over three years. If we are to return to pre-recession levels (around 1.5m), an effective economic growth strategy is essential," said Nigel Meager, director of the Institute for Employment Studies.

Since unemployment is a million above where it was pre-crisis, then I'm sceptical that employment has returned to pre-crisis levels.

Or, maybe there have been demographic changes, but that seems unlikely.

by Metatone (metatone [a|t] gmail (dot) com) on Fri Sep 21st, 2012 at 05:47:09 AM EST
[ Parent ]
These "economically inactive" people fell by 181,000 in the latest quarter

People who didn't need to work previously are now taking whatever work they can get, crowding out the unemployed.

What's net migration like?

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

by eurogreen on Fri Sep 21st, 2012 at 06:05:48 AM EST
[ Parent ]
 WORLD 


Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Sep 20th, 2012 at 03:45:00 PM EST
Indian shopkeepers strike against foreign retailers | Archive | DW.DE | 20.09.2012

A wave of strikes has hit India, with shops and businesses closing across the country. The demonstrators oppose the government's decision to allow foreign retailers such as Walmart and Tesco to enter the Indian market.

Small shopkeepers, traders, laborers and opposition activists blocked roads and railways across India on Thursday, part of a nationwide strike against a host of government reforms that aim to boost the country's flagging economy.

Prime Minister Manmohan Singh announced the controversial reforms last week, which would allow the world's three largest retailers - Walmart, Carrefour and Tesco - to invest in India's supermarket sector. The reforms would also allow foreign investment in aviation and the sale of minority stakes in four state-run companies. The government has also hiked diesel fuel prices by 12 percent in a bid to reduce its budget deficit.



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by In Wales (inwales aaat eurotrib.com) on Thu Sep 20th, 2012 at 03:49:27 PM EST
[ Parent ]
Indian workers strike against foreign retail giants - INDIA - FRANCE 24

Shopkeepers, traders and labourers blocked railway lines and closed markets across India on Thursday in a nationwide day of protest against reforms allowing in foreign supermarkets such as Walmart.

Opposition parties and trade unions called the strike after Prime Minister Manmohan Singh last week announced a raft of reforms designed to revive India's slowing economy, a move that has sparked a furious backlash.

Kolkata, Bangalore and Chennai were among cities most affected by the 24-hour stoppage, with the majority of shops, factories, schools and offices shut down for the day.

Protests were held across India with effigies of Singh burnt by demonstrators in Bangalore, while strikers blocked some national highways and major rail routes.



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by In Wales (inwales aaat eurotrib.com) on Thu Sep 20th, 2012 at 04:05:32 PM EST
[ Parent ]
Question for those who know: does Carrefour (which I know little about) have the same "shining reputation" as Walmart and Tesco?


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sapere aude
by Number 6 on Fri Sep 21st, 2012 at 04:50:49 AM EST
[ Parent ]
Well, they became big during the 1970s and 80s by financing/corrupting the politicians who regulated the opening of big supermarkets (policy was to protect small local shops, long since abandoned). Then by buying out the competition.

Recently they have been famous for being fined for paying staff below minimum wages, and for their terrifying system of "retro-margins", where suppliers have to pay to get their products referenced etc... they are the Darth Vader of supermarkets, i.e. they got to be the biggest by being the meanest mothers in the valley.

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

by eurogreen on Fri Sep 21st, 2012 at 05:11:28 AM EST
[ Parent ]
Back payments and referencing are practised by all hyper/supermarket distributors, not just Carrefour. Having some knowledge of the inner workings of such places (from the staff point of view), I certainly wouldn't say Carrefour was any worse than the other French mass distributors.
by afew (afew(a in a circle)eurotrib_dot_com) on Fri Sep 21st, 2012 at 05:46:58 AM EST
[ Parent ]
EU-China summit ends in ambivalence | News | DW.DE | 20.09.2012

China promised its commitment to supporting Europe through its financial crisis but rapped Brussels over its stance on EU-China trade and an arms embargo on Beijing.

The EU-China summit on Thursday ended on a mixed note, with Chinese Prime Minister Wen Jiabao promising China's help in solving the eurozone crisis but forcefully insisting that the EU should lift its arms embargo on his country.

"China will continue to play its part in helping resolve the European debt issue through appropriate channels," Wen said at a business summit following political talks with Europe's leaders.



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by In Wales (inwales aaat eurotrib.com) on Thu Sep 20th, 2012 at 03:49:59 PM EST
[ Parent ]
Deaths reported as bombers target Mogadishu restaurant | News | DW.DE | 20.09.2012

Mogadishu has been hit by a suicide bombing, a week after hopes were raised by the election of a new Somali president. Witnesses say at least 14 were killed in a restaurant opposite the capital city's National Theater.

During Thursday's attack two suicide bombers targeted the Village Restaurant, an eatery frequented by Somali politicians and journalists and run by a Somali businessman who returned home recently from Britain.

The attack came despite long-running efforts by a 11,000-strong African Union (AU) force to evict the Islamist rebel group, al Shabaab, from swathes of Somalia. The AU force known as AMISON largely pushed the militants from Mogadishu last year.



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by In Wales (inwales aaat eurotrib.com) on Thu Sep 20th, 2012 at 03:50:33 PM EST
[ Parent ]
Protests reach embassy perimeter in Islamabad | News | DW.DE | 20.09.2012

Pakistani police guarding US, British and French embassies in Islamabad have repelled thousands of demonstrators protesting a widely criticized anti-Islam film. The US has warned its citizens to avoid travel in Pakistan.

Police squads fired tear gas and live rounds overhead as young demonstrators, some armed with wooden clubs, tried to reach Western embassies located in Islamabad's diplomatic enclave. For protection, the area has been surrounded by hundreds of shipping containers.

Medics said 50 people were hurt, including 10 policemen, as demonstrators tried to storm the container barrier. Some carried flags of hardline Islamist groups.



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by In Wales (inwales aaat eurotrib.com) on Thu Sep 20th, 2012 at 03:50:58 PM EST
[ Parent ]
Afghan president fires five governors en masse | News | DW.DE | 20.09.2012

The Afghan leader has sacked almost a third of his governors in a presumed attempt to crackdown on corruption. But the dismissal of the governor of Helmand is likely to worry those concerned about the region's security.

Afghanistan's President Hamid Karzai on Thursday fired five governors, including the governor of Helmand province, a key Western ally in one of the south's most volatile regions.

"We hope that the new changes bring good governance and reforms in the provinces and affect the daily lives of Afghans," said Rafi Ferdous from the government's Office of Administrative Affairs, who announced the changes.



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by In Wales (inwales aaat eurotrib.com) on Thu Sep 20th, 2012 at 03:51:32 PM EST
[ Parent ]
UN split over investigations into children in conflict | News | DW.DE | 20.09.2012

Four UN Security Council members have refused to back a German-drafted resolution condemning the abuse of children in conflict. It came as a UN envoy decried the Syrian regime and rebels for attacks targeting children.

China, Russia, Pakistan and Azerbaijan abstained from the normally routine UN Security Council vote on children and armed conflict on Wednesday in an apparent effort to restrict investigations conducted by the newly appointed UN special envoy to children.

The resolution set out a mandate for Leila Zerrougui, which the four nations said would allow her to investigate conflicts which are not listed on the Security Council agenda.



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by In Wales (inwales aaat eurotrib.com) on Thu Sep 20th, 2012 at 03:54:14 PM EST
[ Parent ]
an apparent effort to restrict investigations

by not voting against it?

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

by generic on Fri Sep 21st, 2012 at 03:46:23 AM EST
[ Parent ]
'Friends of Syria' meet, rebels declare 'disaster areas' | News | DW.DE | 20.09.2012

Diplomats from more than 60 countries have met in the Netherlands to discuss a tightening of sanctions in Syria. Amid further reports of violence, the opposition has proclaimed parts of Damascus "disaster areas."

The meeting near The Hague on Thursday was focused on the tightening of loopholes to better enforce current sanctions, which include an oil and arms embargo.

"We need vigorous implementation," Dutch Foreign Minister Uri Rosenthal told the opening of the "Friends of Syria" sanctions working group. "Sanctions will only have an impact if they are carried out effectively," Rosenthal went on. "That is how we can make a difference."



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by In Wales (inwales aaat eurotrib.com) on Thu Sep 20th, 2012 at 03:54:47 PM EST
[ Parent ]
Could time be running out for Mitt Romney? - US ELECTIONS 2012 - FRANCE 24

First it was the widely panned trip to the London Olympics. Next came an underwhelming convention. Days later, there were shaky policy statements on healthcare and Iran, as well as a much-criticised response to anti-American violence in the Arab world.

Then, on Monday, a video leaked of Republican presidential nominee Mitt Romney telling donors that 47% of Americans are "victims" who are "dependent upon government" and feel "entitled to health care, to food, to housing, to you name it".



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by In Wales (inwales aaat eurotrib.com) on Thu Sep 20th, 2012 at 04:00:13 PM EST
[ Parent ]
today's (Thurs.) Democracy Now!

Interview with David Corn (Korn?) of Mother Jones

Go to 28:10

Name is garbled but the dude hosting Romney also holds "sex parties". Let's see those tapes! Screw boring old Romney!

  http://www.democracynow.org/

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

by THE Twank (yatta blah blah @ blah.com) on Thu Sep 20th, 2012 at 07:23:53 PM EST
[ Parent ]
TV advert of Obama denouncing anti-Islam film to run in Pakistan - PAKISTAN - FRANCE 24

The American Embassy in Islamabad, in a bid to tamp down public rage over the anti-Islam film produced in the U.S., is spending $70,000 to air an ad on Pakistani television that features President Barack Obama and Secretary of State Hillary Rodham Clinton denouncing the video.

The State Department said Thursday the embassy had compiled brief clips of Obama and Clinton rejecting the contents of the movie and extolling American tolerance for all religions into a 30-second public service announcement that is running on seven Pakistani networks. Obama and Clinton's comments, which are from previous public events in Washington, are in English but subtitled in Urdu, the main Pakistani language.



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by In Wales (inwales aaat eurotrib.com) on Thu Sep 20th, 2012 at 04:02:40 PM EST
[ Parent ]
`Duped' actress sues over anti-Islam film - USA - FRANCE 24

An actress who appears in the anti-Muslim video that has sparked riots in the Middle East is suing the filmmaker for fraud and slander, and is asking a judge to order YouTube to take down the 14-minute trailer, entitled "The Innocence of Muslims".

Cindy Lee Garcia (pictured above) is one of three actresses in the film to have come forward with similar accusations since the explosion of violence that ripped through Muslim countries in the Middle East, Africa and Asia last week, killing dozens of people, including the US ambassador to Libya.



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by In Wales (inwales aaat eurotrib.com) on Thu Sep 20th, 2012 at 04:04:59 PM EST
[ Parent ]
by In Wales (inwales aaat eurotrib.com) on Thu Sep 20th, 2012 at 03:45:29 PM EST
Brazil expects big oil investment - FRANCE 24

AFP - The auctioning of oil block concessions in Brazil's huge deep-water reserves next year should lure the huge investments required for exploitation, analysts say while voicing concern about delayed legislative approval of a royalties law.

President Dilma Rousseff gave the green light Tuesday for an auction inside the so-called "pre-salt" reserves located off the country's southeast coast, to be held in November 2013.

Next May, another auction involving 74 oil blocks, half at sea and half on land, is to be held outside the pre-salt reserves, which are buried beneath several kilometers of ocean, bedrock and hot salt beds.



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by In Wales (inwales aaat eurotrib.com) on Thu Sep 20th, 2012 at 04:00:33 PM EST
[ Parent ]
EU U-turn spells doom for food-based biofuels boom | Reuters

(Reuters) - European Union plans to cap the use of food-based biofuels are a major setback for an industry once seen playing a central role in the fight against climate change, but now more often cast as the villain following a series of global food price spikes.

Industry sources and analysts predict the plan could trigger a wave of plant closures across Europe while questioning whether so-called advanced biofuels, often made from waste products, can play the greater role now envisioned by the European Commission.



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by In Wales (inwales aaat eurotrib.com) on Thu Sep 20th, 2012 at 04:09:44 PM EST
[ Parent ]
about time, should never have started

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Fri Sep 21st, 2012 at 03:40:04 AM EST
[ Parent ]
The only downside is that there is a danger that this will slow the development of second-generation biofuels, notably from forestry waste and rubbish, which are not yet ready for prime time but which we need in the medium term.

It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II
by eurogreen on Fri Sep 21st, 2012 at 04:59:48 AM EST
[ Parent ]
It's not clear to me how using food crops as feedstocks speeds up the development of second-generation biofuels.

These, by the way, have been supposedly just about to happen for years now. There's lots of noise about research, but onstream industrial acitivity never seems close.

by afew (afew(a in a circle)eurotrib_dot_com) on Fri Sep 21st, 2012 at 05:54:08 AM EST
[ Parent ]
the tax breaks for first generation biofuels will be reduced in 2014, abolished in 2015 (announced after last weekend's Ecological Transition conference)

It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II
by eurogreen on Fri Sep 21st, 2012 at 08:17:19 AM EST
[ Parent ]
MPs demand moratorium on Arctic oil drilling | Environment | The Guardian

British MPs are calling on Shell and others to halt "reckless" oil and gas drilling in the Arctic until stronger safety measures are put in place.

Politicians also want to impose "unlimited" financial liability on operators and the creation of a "no-drill zone" in a new environmental sanctuary.

The uncompromising demands have angered the energy industry but come just days after alarming new evidence has emerged about Arctic sea ice melting at record levels. They also come on the day that an environment committee of MEPs in Brussels called for tougher financial guarantees from oil companies to ensure they could pay for spills in European waters.



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by In Wales (inwales aaat eurotrib.com) on Thu Sep 20th, 2012 at 04:11:36 PM EST
[ Parent ]
Cem Özdemir: why German industry is thanking the Green party | World news | guardian.co.uk
Cem Özdemir: why German industry is thanking the Green party

One of Germany's first senior politicians from an immigrant background describes how environmentalism went mainstream - and celebrates the national football team's ethnic transformation



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by In Wales (inwales aaat eurotrib.com) on Thu Sep 20th, 2012 at 04:12:11 PM EST
[ Parent ]
Windfarms could provide windfall for local communities | Environment | guardian.co.uk

Communities with windfarms in their area could get money off their electricity bills or grants for facilities such as playgrounds, the government has suggested.

The Department of Energy and Climate Change has launched a consultation into how communities could benefit from having windfarms sited near them, for example by receiving discounts on bills or investment in local infrastructure. It will also look at how local businesses could become involved in the supply chain and how developers can best consult local people.



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by In Wales (inwales aaat eurotrib.com) on Thu Sep 20th, 2012 at 04:12:49 PM EST
[ Parent ]
OK, I know these are just off-the-cuff examples, but who the Mordor came up with 'playgrounds'?

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sapere aude
by Number 6 on Fri Sep 21st, 2012 at 04:58:14 AM EST
[ Parent ]
Direct suggestion from the Energy ministry:

Communities must see benefit from hosting wind farms - Davey - Department of Energy and Climate Change

How wind farms could deliver wider environmental and social benefits to communities e.g. by providing grants for playgrounds;
by afew (afew(a in a circle)eurotrib_dot_com) on Fri Sep 21st, 2012 at 05:59:48 AM EST
[ Parent ]
That's about the scale and scope of activities at the most local administrative level in many places. So it makes sense for propaganda aimed at local communities.

Also, it has happy connotations, which is also good for propaganda purposes.

- 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 Fri Sep 21st, 2012 at 06:05:35 AM EST
[ Parent ]
Yeah.
It just feels like "beads for the natives". Maybe I'm just being cynical.


-----
sapere aude
by Number 6 on Fri Sep 21st, 2012 at 06:11:00 AM EST
[ Parent ]
It's a generational thing, you wouldn't understand.



I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS

by Migeru (migeru at eurotrib dot com) on Fri Sep 21st, 2012 at 08:38:33 AM EST
[ Parent ]
The circular door, the green hills ...

"Jackson goes in unexpected direction with Hobbit"

-----
sapere aude

by Number 6 on Fri Sep 21st, 2012 at 08:45:43 AM EST
[ Parent ]
Quebec signals it could impose long-term shale-gas ban
Quebec's new natural-resources minister, Martine Ouellet, says she doesn't believe the controversial method of extracting natural gas from shale, known as "fracking," can ever be done safely.

She made her remarks on her way into her first cabinet meeting, on her first full day as a cabinet minister in the new Parti Quebecois government.

Ouellet says she supports a broad moratorium on both the exploration and exploitation of shale gas.



I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Migeru (migeru at eurotrib dot com) on Thu Sep 20th, 2012 at 04:53:36 PM EST
[ Parent ]
by In Wales (inwales aaat eurotrib.com) on Thu Sep 20th, 2012 at 03:45:47 PM EST
Re-discovered photos by Dennis Hopper go on show - FRANCE 24

AFP - Hundreds of photos taken by American actor Dennis Hopper in the 1960s and found by chance after his death went on display for the first time in four decades Thursday at a Berlin museum.

The exhibition, "Dennis Hopper, the Lost Album", opened at the Martin Gropius Bau, made up of some 440 black and white photos bearing testament to six years in the life of the actor, who died in 2010, in Los Angeles from 1961.

"In his last will, my father asked for the compound of houses where he lived to be sold," his eldest daughter Marin Hopper said at the opening of the exhibition, which runs until December 17.

"We put all his belongings in a storage. It's only a year later when we sorted everything out that we found the boxes with all the pictures," she added.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Sep 20th, 2012 at 04:01:35 PM EST
[ Parent ]
Dennis Hopper died?

I'm further behind that usual.

-----
sapere aude

by Number 6 on Fri Sep 21st, 2012 at 05:00:20 AM EST
[ Parent ]
Dennis Hopper obituary | Film | The Guardian
Dennis Lee Hopper, actor, photographer and painter, born 17 May 1936; died 29 May 2010

Excellent photographer.

by afew (afew(a in a circle)eurotrib_dot_com) on Fri Sep 21st, 2012 at 06:09:51 AM EST
[ Parent ]
German Neo Nazi Turned Pastor Writes Book About His Conversion - SPIEGEL ONLINE
At 17, Johannes Kneifel beat a man so brutally that he later died. In prison, the neo-Nazi converted to Christianity, and soon he will qualify as a church minister. But a new witness in the case has raised doubts about his guilt.


Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Sep 20th, 2012 at 04:22:33 PM EST
[ Parent ]
 PEOPLE AND KLATSCH 


Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Sep 20th, 2012 at 03:46:08 PM EST
Working on the theory of Gesamtkitschwerk: a total work of kitsch, ideal work of kitsch, universal kitsch, synthesis of the kitsch, comprehensive kitsch, all-embracing kitsch form, or total kitschwork.

Inspiration came from exposure to the work of the American painter Thomas Kinkade, the dulcet tones and harmonies of the music of Justin Bieber, the dance cinematography of Busby Berkeley, and the business practices of Hollywood.

It's mojo-major, baby.


Ever since I learnt about confirmation bias I've started seeing it everywhere

by ATinNM on Fri Sep 21st, 2012 at 12:25:44 PM EST
[ Parent ]


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