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European Salon de News, Discussion et Klatsch - 10 September

by afew Sun Sep 9th, 2012 at 04:09:41 PM EST

 A Daily Review Of International Online Media 


Europeans on this date in history:

506 – The bishops of Visigothic Gaul meet in the Council of Agde.

More here and here

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by afew (afew(a in a circle)eurotrib_dot_com) on Sun Sep 9th, 2012 at 07:55:41 AM EST
Austerity necessary to regain credibility: Greek PM - Xinhua | English.news.cn

ATHENS, Sept. 8 (Xinhua) -- Greek Prime Minister Antonis Samaras on Saturday stressed that a fresh austerity package under discussion is necessary to regain credibility and overcome the threatening debt crisis.

"We are at a crucial crossroads," Samaras said when inaugurating the 77th Thessaloniki International Fair in the northern Greek city port. "In order to avert the catastrophe we had to restore credibility," he added.

by afew (afew(a in a circle)eurotrib_dot_com) on Sun Sep 9th, 2012 at 03:03:04 PM EST
[ Parent ]
credibility with whom and for what purpose ?

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Mon Sep 10th, 2012 at 02:54:22 AM EST
[ Parent ]
with whom: confidence fairy
what purpose: obtain magic pixie dust
by afew (afew(a in a circle)eurotrib_dot_com) on Mon Sep 10th, 2012 at 04:11:04 AM EST
[ Parent ]
From Eurointelligence:
Troika has reservations against some of Greece's austerity measures

Troika inspectors asked for more details on some of the measures proposed by the government writes Kathimerini, though Reuters went as far as saying that they have been rejected by the troika quoting unnamed sources in the Greek finance ministry. Greek Finance Minister Yannis Stournaras played down the inspectors' objections, saying they had rejected only a "few" measures.  Officials declined to specify what the objections related to but Reuters quotes a source familiar with the matter said they were over measures to save roughly €2bn by cutting expenses in the public sector.

Greek Coalition leaders to meet again after inconclusive talks

Greece's coalition leaders are to meet again on Wednesday after holding inconclusive talks on Sunday evening shortly after Finance Minister Yannis Stournaras held talks with troika representatives, Kathimerini reports. PASOK's Evangelos Venizelos and Democratic Left's Fotis Kouvelis both stressed the need for the austerity measures to meet with the acceptance of voters, not just the troika. Kouvelis went as far as suggesting that his party's support for the measures should not be taken for granted.

Thousands of Greeks demonstrated against the proposed cuts at a prominent annual trade fair on Saturday in the northern city of Thessaloniki, and more protests are expected in the coming days.



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 Sep 10th, 2012 at 03:33:27 AM EST
[ Parent ]
Guardian - Phillip Inman - Primary Greek tax evaders are the professional classes

There is one good reason for Greece to stay in the euro: to combat corruption. It is a sad fact that the country is riddled with it and needs outside pressure and support to sort things out. Athens is not the only place in Europe wrestling with corruption, but we'll come to that later.
[....]
However, broader attempts to crack down on the professions were blocked last year by the Greek parliament. MPs voted against a bill mandating tax audits on people who had incomes below a minimum threshold. The bill targeted 11 professions, including vets, architects, engineers, economists, doctors, lawyers and accountants.

The authors found, almost as an aside to their central examination of tax evasion, that the occupations represented in parliament "are very much those that evade tax, even beyond lawyers".

They said: "Half of non-lawyer parliamentarians are in the top three tax-evading industries, and nearly a super-majority in the top four evading industries."



keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Mon Sep 10th, 2012 at 05:30:15 AM EST
[ Parent ]
It's interesting how tax avoidance in Greece is "corruption" and immediately "tax evasion" but in the UK it's the natural right of everyone to avoid taxes as much as they can.

I have to say, while there seem to be long term issues with tax collection in Greece:

a) Upstate NY has pointed out that the publicly available figures don't fit the foreign media narrative that well. Tax take is not massively out of line with other Eurozone countries. And this narrative is just another angle on "Feckless southerners deserve no health care, etc."

b) I can't see how going after people for back taxes at this moment is going to boost the economy in isolation. If many Greek engineers and architects are currently unemployed, as we know they are, we need growth much more than failed attempts to get money out of them.

by Metatone (metatone [a|t] gmail (dot) com) on Mon Sep 10th, 2012 at 05:53:44 AM EST
[ Parent ]
While I agree with your points, I was trying to highlight that the Greek parliament had voted down legislation which stood a good chance of impacting them directly.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Mon Sep 10th, 2012 at 05:58:31 AM EST
[ Parent ]
(PDF)... formalises the anecdotes a bit

Quoted on FT Alphaville a few days ago :

FT Alphaville » Greek tax evasion, mapped and crunched

We begin with the new observation that banks lend to tax-evading individuals based on the bank's perception of true income. This insight leads to a novel approach to estimate tax evasion from privatesector adaptation to semiformality. We use household microdata from a large bank in Greece and replicate bank models of credit capacity, credit card limits, and mortgage payments to infer the bank's estimate of individuals' true income. We estimate a lower bound of 28 billion euros of unreported income for Greece. The foregone government revenues amount to 31 percent of the deficit for 2009. Primary taxevading occupations are doctors, engineers, private tutors, accountants, financial service agents, and lawyers. Testing the industry distribution against a number of redistribution and incentive theories, our evidence suggests that industries with low paper trail and industries supported by parliamentarians have more tax evasion. We conclude by commenting on the property right of informal income.


It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II
by eurogreen on Mon Sep 10th, 2012 at 06:04:15 AM EST
[ Parent ]
ah yes, it's the one the Guardian quoted of course.

It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II
by eurogreen on Mon Sep 10th, 2012 at 06:05:55 AM EST
[ Parent ]
That is very nice work:
What the researchers have done here is source thousands of credit applications for one of the bigger Greek banks, discovering in the process that the average self-employed Greek spends 82 per cent of their monthly reported income on servicing debt. In the case of the professions -- lawyers, doctors, financial services and accountants -- the ratio rises above 100 per cent.

Given that an upper cap of 30 per cent incoming/lending ratio is pretty much standard across Western banks (and that Greek banks are themselves applying an evasion-savvy formula to access the real payment ability of their customers), the academics have then extrapolated the likely amount of income being hidden from the authorities.



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 Sep 10th, 2012 at 06:09:15 AM EST
[ Parent ]
How do the figures compare with other countries? I thought tax receipts (as a percentage of GDP) were not that different from other EU countries. Does this study confirm this?
by gk (g k quattro due due sette "at" gmail.com) on Mon Sep 10th, 2012 at 06:22:48 AM EST
[ Parent ]
How much of that cash is showing up in GDP stats?
by Colman (colman at eurotrib.com) on Mon Sep 10th, 2012 at 06:41:50 AM EST
[ Parent ]
Good point. But if the GDP is much higher than the official stats, doesn't that mean the deficit is much lower than claimed (and then, what's the problem?)
by gk (g k quattro due due sette "at" gmail.com) on Mon Sep 10th, 2012 at 06:50:38 AM EST
[ Parent ]
Well, I think the problem is that no-one has made a serious investigation into that circle of connection.

Perhaps this research could be the beginning.

by Metatone (metatone [a|t] gmail (dot) com) on Mon Sep 10th, 2012 at 07:28:05 AM EST
[ Parent ]
Oslo police monitor anti-Islam meetings: report - The Local

Police investigators have for years been participating in meetings of far-right and anti-immigrant groups and individuals, including Anders Behring Breivik, in order assess the potential for violent attacks, according to a media report.

    document.write('');

    The meetings brought together groups opposed to immigration and Islam and were organized by the website Document.no, according to a report in the Aftenposten daily.  The meetings discussed subjects ranging from immigration to ecology, according to the newspaper.

    "A throwback to the days when police would monitor the left," said Document.no editor Hans Rustad to the newspaper in response to the report.

    Convicted terrorist Anders Behring Breivik is reported to have attended several meetings organized by Document.no and according to the police survey he was assessed as "moderate and relatively centrist within the community". 

    The community was assessed by the police to have a "low potential for immediate violence".

    by afew (afew(a in a circle)eurotrib_dot_com) on Sun Sep 9th, 2012 at 03:16:28 PM EST
    [ Parent ]
    DutchNews.nl - Election: Labour snaps at VVD heals, Rutte warns of 'dangers'

    Prime minister and VVD leader Mark Rutte launched a strong attack on the Labour party on Saturday, as a new poll says the gap between the two parties has narrowed to just one seat.

    In an interview with the Telegraaf, Rutte warned that the rise of the PvdA is 'a danger to the Netherlands' and said the party's plans would involve 'fewer roads, fewer jobs and longer waiting lists.'

    Rutte's strong words come as a new Maurice de Hond opinion poll buts Labour just one seat behind the VVD, as the swing from the Socialists to PvdA continues.

    With 21 parties contesting the September 12 election and 10 or 11 of them likely to win seats in the 150-seat parliament, putting a new coalition cabinet together is likely to be a lengthy process.

    by afew (afew(a in a circle)eurotrib_dot_com) on Sun Sep 9th, 2012 at 03:19:03 PM EST
    [ Parent ]
    Police warn of neo-Nazi terror assassins - The Local

    A secret report from Germany's police warns of neo-Nazi attacks, even assassination attempts, on foreigners, prominent politicians and police officers.

    Der Spiegel magazine said on Sunday it had seen the report which said that attacks "should be expected" against foreigners, Jewish institutions and "representatives of the Federal Republic of Germany, such as politicians, public figures, and police officers."

    The paper from the Federal Office of Criminal Investigation, BKA, dated July 2012, warns the attacks could come from individuals or groups, and could include fatal injuries from arson attacks, possibly on refugee hostels, for example. Potential homicides were also included in the nightmare list.

    This latest warning came almost a year after revelations that a right-wing extremist cell calling itself the National Socialist Underground (NSU), was responsible for killing nine men of Turkish and Greek origin and a police officer.

    by afew (afew(a in a circle)eurotrib_dot_com) on Sun Sep 9th, 2012 at 03:27:34 PM EST
    [ Parent ]
    France's richest man sends tax warning to Hollande - FRANCE - BELGIUM - FRANCE 24

    President François Hollande's plan to make sure the wealthiest help pull the country out of debt was once again under scrutiny on Sunday after seemingly being dealt a blow by France's richest man. Billionaire businessman Bernard Arnault caused anger and consternation among France's lawmakers after it emerged Saturday that he had applied for Belgian nationality.   The 63-year-old head of the Louis Vuitton, Moët and Hennessy (LVMH) luxury goods empire lodged his application with parliament in Brussels last week.     His move comes as President François Hollande's bid to balance the books through tax increases comes under increased scrutiny.

    by afew (afew(a in a circle)eurotrib_dot_com) on Sun Sep 9th, 2012 at 03:35:30 PM EST
    [ Parent ]
    Why not say "increased scrutiny" again? (FRANCE24 is such rubbish).
    by afew (afew(a in a circle)eurotrib_dot_com) on Sun Sep 9th, 2012 at 03:35:40 PM EST
    [ Parent ]


    If you are not convinced, try it on someone who has not been entirely debauched by economics. — Piero Sraffa
    by Migeru (migeru at eurotrib dot com) on Sun Sep 9th, 2012 at 04:44:57 PM EST
    [ Parent ]
    100% agree.

    Kudos, Libé.

    by afew (afew(a in a circle)eurotrib_dot_com) on Mon Sep 10th, 2012 at 01:15:39 AM EST
    [ Parent ]
    The reaction to that front page should be fun.

    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 Sep 10th, 2012 at 02:01:47 AM EST
    [ Parent ]
    I that real and not photo-shopped ????

    Still, totally agree with the sentiment and the govt should take his absence as an excuse to look at removing all the tax breaks his companies benefit from

    keep to the Fen Causeway

    by Helen (lareinagal at yahoo dot co dot uk) on Mon Sep 10th, 2012 at 02:58:17 AM EST
    [ Parent ]
    Yes, it is real.

    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 Sep 10th, 2012 at 03:19:52 AM EST
    [ Parent ]
    It's really Libé's front page today, but I'd say the pic is photoshopped.

    Love the suitcase, surely Louis Vuitton.

    by afew (afew(a in a circle)eurotrib_dot_com) on Mon Sep 10th, 2012 at 04:15:14 AM EST
    [ Parent ]
    Report: EFSA Is Sufficiently Independent but Needs Better Communication - ScienceInsider

    The 10-year old European Food Safety Authority (EFSA) has done a good job providing scientific advice to Europe's policymakers, and despite allegations to the contrary, it operates independently, says an evaluation report by international auditing company Ernst & Young issued on Wednesday. But the agency must become more transparent and do a better job of explaining what it does and how, the auditors say.

    EFSA, based in Parma, Italy, was created in 2002 by the European Union to provide independent advice and communication on risks concerning the food chain. Under European regulations, it must undergo an external review every 6 years.

    The 337-page report, which assesses virtually all of EFSA's activities in the period from 2006 to 2010, comes at a sensitive time. EFSA has recently come under fire from advocacy groups and the European Parliament for being too close to industry. On 9 May, the chair of EFSA's management board, Diána Bánáti, resigned effective immediately because she had returned to her job at the International Life Sciences Institute (ILSI), an industry-funded group. Two days later, the European Parliament refused to sign off on EFSA's 2010 expenditures as a way to protest ties between EFSA and industry.

    by afew (afew(a in a circle)eurotrib_dot_com) on Sun Sep 9th, 2012 at 03:47:59 PM EST
    [ Parent ]
    Thank goodness Ernst & Young are there to inject a little sanity into all that unfounded criticism.
    by afew (afew(a in a circle)eurotrib_dot_com) on Sun Sep 9th, 2012 at 03:48:52 PM EST
    [ Parent ]
    British girl who survived France shooting out of coma - prosecutor | Reuters

    (Reuters) - The seven-year-old British girl who survived a gun attack in the French Alps last week that saw her father and mother shot dead in their car is out of a coma and will be questioned by police as soon as she is able, the French prosecutor said on Sunday.

    French and British police continued their search of the family home in Surrey near London of Saad al-Hilli, the Iraqi-born British driver who was shot twice in the head along with his wife, an older woman and a passing cyclist on Wednesday.

    "She (Zainab) has come out of her artificial coma and she is now sedated," State Prosecutor Eric Maillaud told Reuters. "She is better and her condition is improving little by little. She will be able to be questioned, but in what time frame?"

    "We'll need a green light from the doctors."

    by afew (afew(a in a circle)eurotrib_dot_com) on Sun Sep 9th, 2012 at 04:01:30 PM EST
    [ Parent ]
    New York Review of Books: The Tragedy of the European Union and How to Resolve It (SEPTEMBER 27, 2012, George Soros)
    In my judgment the best course of action is to persuade Germany to choose between becoming a more benevolent hegemon, or leading nation, or leaving the euro. In other words, Germany must lead or leave.

    ...

    The eventual outcome [if Germany left] would fulfill John Maynard Keynes's dream of an international currency system in which both creditors and debtors share responsibility for maintaining stability. And Europe would escape from the looming depression. The same result would be achieved, with less cost to Germany, if Germany chose to behave as a benevolent hegemon. That would mean (1) establishing a more or less level playing field between debtor and creditor countries and (2) aiming at nominal growth of up to 5 percent, in other words allowing Europe to grow its way out of excessive indebtedness. This would entail a greater degree of inflation than the Bundesbank is likely to approve.

    Whether Germany decides to lead or leave, either alternative would be better than to persist on the current course. The difficulty is in convincing Germany that its current policies are leading to a prolonged depression, political and social conflicts, and an eventual breakup not only of the euro but also of the European Union. How to persuade Germany to choose between either accepting the responsibilities and liabilities that a benevolent hegemon should be willing to incur or leaving the euro in the hands of debtor countries that would be much better off on their own? That is the question I shall try to answer.



    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 Sun Sep 9th, 2012 at 04:20:09 PM EST
    [ Parent ]
    What are the chances that the people at the top now realise their policy was mistaken, but that they have spent so much time lying to the german public that changing course is now politically impossible ?

    keep to the Fen Causeway
    by Helen (lareinagal at yahoo dot co dot uk) on Mon Sep 10th, 2012 at 03:01:16 AM EST
    [ Parent ]
    Wolfgan Münchau: Weidmann is winning the debate on policy (FT.com, 9 September 2012)
    [Weidmann's isolation at the ECB] should be no cause of glee, let alone joy, because German isolation is about the last thing the eurozone needs. The day after the ECB's decision, the German media eulogised Mr Weidmann for fighting against the infidels in the ECB. The consensus view among German commentators is that the ECB has lost its independence; that the German taxpayer will foot the bill; and that hyperinflation is around the corner. One commentator was appalled by the fact that Mario Draghi was ready to save the euro at any cost.

    ...

    The German revolt is thus deeply troubling. The problem is not Angela Merkel, who has taken a neutral position in the Draghi v Weidmann contest. The problem is a shift in public opinion. The German public has bought into the narrative that the crisis was caused by profligate southern European politicians and consumers, who had wasted the first decade of their membership of the eurozone indulging in a debt-financed housing and consumption boom. It is a false morality tale - mostly devoid of economic reasoning. But this has not stopped it from becoming the dominant narrative. Not enough politicians, certainly not enough journalists and commentators, are pushing against this narrative. Ms Merkel's single biggest error in her management of the crisis was her failure to get this narrative under control, or establish a narrative of her own. With her famous red lines on eurozone bonds and deposit insurance, she even ended up reinforcing the narrative.

    The same narrative will almost certainly have influenced the German Constitutional Court, which is due to announce its ruling on the ESM on Wednesday. Mr Weidmann also gave a very critical assessment of the ESM in his deposition to the court in July. I would caution readers not to take the court's decision for granted. While I do not have the foggiest idea what the court will say, I am certain the ruling will not be based on, or even influenced by, fears of a negative market reaction, as so many commentators keep insisting it will be.



    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 Sun Sep 9th, 2012 at 04:27:14 PM EST
    [ Parent ]
    afew:
    If you imagine that communications have no influence on real events, and that the BuBa's communications have not been responsible (jointly with the press) for building a state of German public opinion that may yet prove an insuperable obstacle to either the development of a genuinely workable single currency or to a peaceable and cooperative return to national currencies, you are smoking the wrong stuff.
    by afew (afew(a in a circle)eurotrib_dot_com) on Mon Sep 10th, 2012 at 01:14:10 AM EST
    [ Parent ]
    ah, this answers my question above

    keep to the Fen Causeway
    by Helen (lareinagal at yahoo dot co dot uk) on Mon Sep 10th, 2012 at 03:02:31 AM EST
    [ Parent ]
    European Commission: JOBS FOR EUROPE CONFERENCE - CONCLUSIONS BY COMMISSIONER LÁSZLÓ ANDOR (07/09/2012)
    "Lack of demand for labour is clearly a real problem. Welfare-to-work programmes can be useful in ensuring that unemployed people remain active, but they also entail risks, especially when there are so few alternatives in the main labour market. Adapting skills to job market requirements is important, but will not get us far in the absence of measures to create jobs.

    "This applies also to Greece, Ireland and Portugal, the so-called programme countries. Further reforms and adjustments are needed, but must be implemented in a socially sustainable way.

    "Investment must be stepped up, especially in tradable sectors and in people's skills. But crucially, job creation must be treated as a priority on its own because jobs create growth. Programme countries cannot simply wait for jobs to be created as a result of growth and external demand.

    "Europe needs a youth guarantee - that young people will be in work, training or education within months of leaving school -especially in peripheral countries.

    (with video)

    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 Sun Sep 9th, 2012 at 06:00:05 PM EST
    [ Parent ]
    Laurie Penny: It's not rhetoric to draw parallels with Nazism...
    Long after the Nazi party took power in Germany in 1933, after the Reichstag had been burned and anti-semitic violence became official state policy, European governments remained more worried about the possibility of a socialist Germany than a fascist one. Almost until the Second World War, it remained more important to many world leaders that Germany pay down its debts. Drawing historical parallels with Nazism is a weary rhetorical technique that commentators on left and right have cheapened by tossing the simile into discussions of food labelling and over-enthusiastic traffic control. In this case, however, it's not rhetoric.

    Actual fascists in actual black shirts are actually marching around Athens waving swastikas and burning torches, and maiming and murdering ethnic minorities, and world governments appear frighteningly relaxed about it as long as the Greek people continue to pay off the debts of the European elite. When the lessons of history are taught by rote, they can be easy to miss when most needed. This time, Europe must remember that the price of fostering fascism is crueller and costlier by far than any national debt



    The road of excess leads to the palace of wisdom - William Blake
    by talos (mihalis at gmail dot com) on Sun Sep 9th, 2012 at 07:41:56 PM EST
    [ Parent ]
    It's certainly not rhetoric to draw parallels between neo-Nazis like Golden Dawn and Nazis.
    by afew (afew(a in a circle)eurotrib_dot_com) on Mon Sep 10th, 2012 at 01:05:37 AM EST
    [ Parent ]
    If I understand correctly, the National Socialist Workers Party never used the acronym Nazi, which originally emerged in Bavaria as an elided name for an archetypal Bavarian none-too-smart peasant called Ignatius/Ignatz.  The term Nazi was used by opponents of the National Socialists to include this meaning of 'clumsy oaf'.

    You can't be me, I'm taken
    by Sven Triloqvist on Mon Sep 10th, 2012 at 01:27:49 AM EST
    [ Parent ]
    Online Etymology Dictionary
    Nazi
    1930, noun and adjective, from Ger. Nazi, abbreviation of German pronunciation of Nationalsozialist (based on earlier Ger. sozi, popular abbreviaton of "socialist"), from Nationalsozialistische Deutsche Arbeiterpartei "National Socialist German Workers' Party," led by Hitler from 1920.

    The 24th edition of Etymologisches Wörterbuch der deutschen Sprache (2002) says the word Nazi was favored in southern Germany (supposedly from c.1924) among opponents of National Socialism because the nickname Nazi (from the masc. proper name Ignatz, German form of Ignatius) was used colloquially to mean "a foolish person, clumsy or awkward person." Ignatz was a popular name in Catholic Austria, and according to one source in World War I Nazi was a generic name in the German Empire for the soldiers of Austria-Hungary.

    An older use of Nazi for national-sozial is attested in German from 1903, but EWdS does not think it contributed to the word as applied to Hitler and his followers. The NSDAP for a time attempted to adopt the Nazi designation as what the Germans call a "despite-word," but they gave this up, and the NSDAP is said to have generally avoided the term. Before 1930, party members had been called in English National Socialists, which dates from 1923. The use of Nazi Germany, Nazi regime, etc., was popularized by German exiles abroad. From them, it spread into other languages, and eventually was brought back to Germany, after the war. In the USSR, the terms national socialist and Nazi were said to have been forbidden after 1932, presumably to avoid any taint to the good word socialist. Soviet literature refers to fascists.
    by afew (afew(a in a circle)eurotrib_dot_com) on Mon Sep 10th, 2012 at 02:07:04 AM EST
    [ Parent ]
    Like if someone in 2092 realises that the Teabaggers did not refer to themselves as such, despite all history books doing so - "The rise of the Teabaggers played an important role in the twilight years of the US empire"

    A vote for PES is a vote for EPP! A vote for EPP is a vote for PES! Support the coalition, vote EPP-PES in 2009!
    by A swedish kind of death on Mon Sep 10th, 2012 at 06:51:52 AM EST
    [ Parent ]
    It was, I might add, a mere philological footnote to the discussion that I thought fellow writers here might appreciate or indeed comment upon.

    The fact that a certain Mr Minor, a life guest of His Majesty at Broadmoor, was a major and vital contributor to the first edition of the OED, has nothing to do with it. Even murderers can enjoy words...

    You can't be me, I'm taken

    by Sven Triloqvist on Mon Sep 10th, 2012 at 10:51:32 AM EST
    [ Parent ]
    Eurointelligence Daily Briefing: A new legal case against ESM - that links Draghi's OMT to the current case
    A German MP brings new case to the constitutional court linking Mario Draghi's OMT to the current ESM case; the legal argument is that the OMT had fundamental altered the ESM, and that the ECB had usurped permanent powers from the parliament; Der Spiegel writes that the court is likely to take the new case seriously, as anti-euro sentiment is rising in the country; also said the German government has no Plan B in case of a No vote; the FT has the story that the Liikanen review will conclude with a recommendation to separate assets from banks' trading operations from their retail business; Francois Hollande announces his 75% marginal tax in a demonstration that he intends to stick to his election promises; Bernard Arnault has taken on Belgian citizenship in anticipation of this measure; dissatisfaction with Hollande is increasing, polls show; there were contradictory signals from Spain about whether and when to apply for an EFSF/ESM programme; the Spanish government seems adamant that it has done all it can on reforms, while EU source say more conditions are possible given the risks associated with the banking sector and the autonomous regions; Olli Rehn said there would be no new conditions in addition to those already agreed; the Spanish government drafts in the long-term unemployed to clear the damage caused by the wildfires; despite repeated denials, Mario Monti is considering a second term, the Wall Street Journal reports; the troika has rejected several of the Greek government's austerity measures; one of the coalition parties threatens to withhold support for the programme; Portugal raises social security contribution in the latest effort to meet the nominal deficit target; an Iceland central bank recommends that the Portuguese should start a witch-hunt to find out who was responsible for the mess; BoA/Merrill Lynch lists five problems with the OMT, including excessively strict conditionality; Luigi Zingales says Mario Draghi's gamble is risky, as government may not live up to their structural reform promises; Wolfgang Munchau argues that Jens Weidmann may have won the debate after all, as Germany sinks into deep Euroscepticism; George Soros, meanwhile, argues that Germany faces a straight choice between either quitting the eurozone, or leading it out of crisis.


    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 Sep 10th, 2012 at 03:23:47 AM EST
    [ Parent ]
    This is the week in the which the German constitutional court will announce the most important ruling in its history. Herbert Prantl reports in Suddeutsche Zeitung on a new anti-euro case this morning that links last week's decision by the ECB to start Outright Monetary Transactions (OMT) to the current ESM case. The case was brought by Peter Gauweiler, a well-known Eurosceptic member of the Bundestag from the Bavarian CSU, and a serial litigator. Gauweiler argues that the OMT had fundamentally altered the ESM, and that the decision on the ESM should therefore be postponed (meaning a delay in the ratification by Germany). He also makes the legal points that the OMT decision did not constitute a breach of competence, but a permanent assumption of competences. When the Bundestag voted on the ESM, it did so under different circumstances. With the OMT, the Bundestag's authority is permanently circumvented.

    Spiegel Online reports on the increased nervousness in Berlin ahead of the court's ruling. It says the government really has no Plan B in the event of a No vote, and remarks that the court is likely to take Gauweiler's case very seriously, plus the fact that 37,000 citizens have joined the case (in a kind of class-action constitutional lawsuit). It also quotes views among top coalition MPs who have expressed misgivings about the ECB's decision.

    (Gauweiler's motives are transparent, but the legal argument is quite strong in our view. The entire euro rescue effort is legally tenuous, and hard to square with what we already know about the German constitutional court's interpretation of the Treaties, and its views on the scope and limits of financial crisis management. We know out of experience that it is always wrong to second-guess this fiercely independent court. The only thing we do know, in contrast to many financial market participants, is that the court will not take into account the financial market reaction of its decision.)



    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 Sep 10th, 2012 at 04:04:34 AM EST
    [ Parent ]
    Does Gauweiler's new lawsuit increase the chances that the German Constitutional Court will decide to stay the ESM until next year?

    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 Sep 10th, 2012 at 04:06:29 AM EST
    [ Parent ]
    Yes. Or rather: it becomes less likely that they say "go ahead". Mind, the lawsuit is about the ratification of the treaty, and once it is ratified and signed by the president it is binding. Then it doesn't matter any more what the court says next year.
    by Katrin on Mon Sep 10th, 2012 at 04:21:57 AM EST
    [ Parent ]
    So, the Court can say the President shouldn't sign the treaty, and then what?

    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 Sep 10th, 2012 at 04:27:04 AM EST
    [ Parent ]
    Then we wait for a decision in the main matter. This requires more hearings and takes months.

    More likely the court will say that the thing can be signed if a few things become clarified. These would be added as caveats to the small print of the treaty.

    by Katrin on Mon Sep 10th, 2012 at 04:33:24 AM EST
    [ Parent ]
    As if on cue: German court may delay bailout fund ruling (EU Observer)
    Germany's Constitutional Court may delay its 12 September verdict on the eurozone's permanent bailout fund (ESM) and the European treaty on fiscal discipline, due to a last-minute challenge by MP Peter Gauweiler, a court spokeswoman told AFP.


    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 Sep 10th, 2012 at 08:50:01 AM EST
    [ Parent ]
    They will not delay it (or at least not because of Gauweiler)
    Niederlage für Peter Gauweiler: Das Bundesverfassungsgericht hat den neuen Eilantrag des CSU-Bundestagsabgeordneten gegen das EZB-Anleihen-Kaufprogramm abgelehnt. Damit wird das Gericht wie geplant am Mittwoch sein Urteil zu den Eilanträgen gegen den Euro-Rettungsschirm ESM verkünden.
    by gk (g k quattro due due sette "at" gmail.com) on Tue Sep 11th, 2012 at 02:43:17 AM EST
    [ Parent ]
    I think the article doesn't make clear enough that the 37,000 aren't supporters of Gauweiler. Three groups are suing against the ESM: right wing euroskeptics like Gauweiler, the Left Party, and Mehr Demokratie, an organisation advocating direct democracy. It is this organisation that collected the 37,000 signatures.

    There is a problem with this: the left criticism of the ESM is completely drowned by the issues of the other claimants.

    by Katrin on Mon Sep 10th, 2012 at 04:19:03 AM EST
    [ Parent ]
    EU Observer: Non-euro countries to discuss banking union proposals
    Views vary between Britain, who wants no EU supervision, and easterners who want to join the euro and are wary of being left out.


    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 Sep 10th, 2012 at 10:03:03 AM EST
    [ Parent ]
    by afew (afew(a in a circle)eurotrib_dot_com) on Sun Sep 9th, 2012 at 07:56:04 AM EST
    Exclusive - Egypt's PM to put economic focus on growth, deficit cut | Reuters

    (Reuters) - Egypt's new prime minister Hisham Kandil is finalising an economic reform plan that will rein in hefty consumer subsidies, he said on Sunday, adding that he expected the economy to grow in the current financial year by 3 to 4 percent, or more if investment goals are achieved.

    Kandil told Reuters in a rare interview that the government aims to cut the budget deficit, now running at about 8 percent of gross domestic product, by 1 percentage point in two years although he said that target was "dynamic".

    by afew (afew(a in a circle)eurotrib_dot_com) on Sun Sep 9th, 2012 at 04:03:26 PM EST
    [ Parent ]
    China Slower Output Gains Complicate Easing Policies - Bloomberg

    China's industrial output grew at the slowest pace in three years and President Hu Jintao said economic expansion faces "notable downward pressure," signaling that officials may need to add further to stimulus after approving subway and road projects.

    Production increased 8.9 percent in August from a year earlier and fixed-asset investment growth in the first eight months eased to 20.2 percent, the National Bureau of Statistics said yesterday in Beijing. Inflation accelerated for the first time in five months.

    The data underscore risks that full-year growth in the world's second-biggest economy will slide to its lowest in more than two decades and undermine support for the ruling Communist Party during its once-a-decade power transition to a new generation of leaders later this year. The rebound in inflation, excess capacity in some industries and banks' bad loan risks from past monetary easing highlight the potential cost of ramping up stimulus efforts.

    by afew (afew(a in a circle)eurotrib_dot_com) on Sun Sep 9th, 2012 at 04:07:01 PM EST
    [ Parent ]
    U.S. Fiscal Cliff Endangers World Economy, Lagarde Tells APEC - Bloomberg

    U.S. tax increases and spending cuts set to take effect by the beginning of next year pose one of the biggest risks to the global economy, International Monetary Fund Managing Director Christine Lagarde said today.

    While Lagarde has warned about the U.S. fiscal situation before, this time she took her case directly to leaders attending the Asia-Pacific Economic Cooperation Summit in Vladivostok, Russia. She said the fiscal cliff was one of "three key risks" -- the other two being the euro crisis and medium-term public financing.

    "We discussed over lunch with the leaders of APEC, the global economic situation, with the three key risks that we see on the horizon," Lagarde told reporters today. She said there are a "combination of factors that could also increase the vulnerabilities of emerging economies."

    Lagarde made the comments to an organization whose membership oversees 56 percent of global economic output. The more than $480 billion so-called fiscal cliff of automatic spending cuts and revenue changes would probably cause a recession if left unchanged, the nonpartisan Congressional Budget Office said in a report last month.

    by afew (afew(a in a circle)eurotrib_dot_com) on Sun Sep 9th, 2012 at 04:09:14 PM EST
    [ Parent ]
    Bill Mitchell: The myth of compassionate deficit reduction (September 10, 2012)
    In her New York Times article (September 8, 2012) - Cutting the Deficit, With Compassion - the former economics advisor to the Obama Administration Christina Romer attempts to outline a Democratic plan for "dealing with the deficit" which she says should be "front and center" and allow the Democrats to move beyond the defensive position of "criticizing the Romney-Ryan approach".

    To which any sensible person who understands these matters will ask - why should the Democrats want to "deal with the deficit" anyway? What exactly is there to deal with?

    Well, Dr Romer thinks that the Democrats should be developing:

    ... compassionate deficit reduction. The essence is to cut the deficit in a way that does as little harm as possible to people, jobs and economic opportunity.
    In other words, she is adocating that the Democrats should hold out to the American people a policy position that will undermine economic growth, condemn millions of them to entrenched unemployment, and reduce the future opportunities for American children to achieve to their potential.

    Since when has that been a core Democrat principle in the US?



    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 Sep 10th, 2012 at 09:07:26 AM EST
    [ Parent ]
    Te US govt could reduce spending by slashing "defense" sending

    keep to the Fen Causeway
    by Helen (lareinagal at yahoo dot co dot uk) on Mon Sep 10th, 2012 at 10:48:24 AM EST
    [ Parent ]
    by afew (afew(a in a circle)eurotrib_dot_com) on Sun Sep 9th, 2012 at 07:56:21 AM EST
    Series of attacks kill 52 people in Iraq - Xinhua | English.news.cn

    BAGHDAD, Sept. 9 (Xinhua) -- A series of bombs and gunfire attacks across Iraq on Sunday killed some 52 Iraqis and wounded more than 200 others, in what appeared to be an attempt by insurgent groups to destabilize the country and undermine confidence in the Iraqi government.

    The deadliest attack in the day occurred near the city of Amara, some 365 km south of Baghdad, when two car bombs exploded at a marketplace near the shrine of Shiite Imam Ali al-Sharqi in the town that holds the name of the Imam, killing 18 people and wounding some 70 others.

    Earlier in the morning, a suicide car bomber struck a crowd of security recruits at the compound of Iraq's Northern Oil Company ( NOC) near the city of Kirkuk, killing up to eight recruits and wounding 30 others.

    The victims were signing up to be security members at the Iraqi Facilities Protection Service (FPS), which is an Iraqi paramilitary force tasked with site protection of Iraqi government facilities.

    NOC is a state-owned company which is responsible for oil exports from northern Iraq.

    by afew (afew(a in a circle)eurotrib_dot_com) on Sun Sep 9th, 2012 at 03:03:33 PM EST
    [ Parent ]
    Explosions kill 58 in Iraq, French consulate hit | Reuters

    (Reuters) - At least 58 people were killed in attacks across Iraq on Sunday, including a car bomb outside a French consulate.

    Iraq's conflict has eased since its height in 2006-2007 when sectarian slaughter killed thousands. But Sunni Islamists and an al Qaeda affiliate still launch about one major attack a month in an effort to reignite tensions between Shi'ite and Sunni Muslims following the U.S. military withdrawal in December.

    by afew (afew(a in a circle)eurotrib_dot_com) on Sun Sep 9th, 2012 at 04:01:57 PM EST
    [ Parent ]
    Colombia's Santos believes peace is possible - Americas - Al Jazeera English

    Colombia's president says he will not lower his guard against the country's main rebel group, but he believes a peace deal is possible if there is "goodwill" on both sides.

    "If there is goodwill from both parts, we will reach an agreement much sooner than people expect," Juan Manuel Santos told Al Jazeera on Saturday, as peace talks between the government and the Revolutionary Armed Forces of Colombia (FARC), aimed at ending half a century of war between the two sides, is set to kick off next month.

    "I think the fundamental issues that are on the table, that we agreed to discuss and agree on in order to finalise the conflict, are not that difficult," the president said in his first extensive interview with an international network.

    Santos said he remained sceptical about FARC's motives, and that the Colombian military and police had been instructed to intensify their offensive against the rebels as they entered the "last track of this conflict" and could not afford to lower their guard.

    He said a fundamental issue in the negotiations would be about balancing peace with justice, by finding ways to reintegrate FARC members into society while also seeing to it that those who committed crimes be punished accordingly.

    by afew (afew(a in a circle)eurotrib_dot_com) on Sun Sep 9th, 2012 at 03:53:49 PM EST
    [ Parent ]
    Malian troops 'kill 16 civilians' - Africa - Al Jazeera English

    At least 16 people have been killed by government soldiers in the central Malian region of Segou, when the army opened fire on their vehicle, a government official and the police have said.

    The incident occurred overnight on Saturday in the town of Diabali, and authorities said those killed were Islamist fighters.

    Among the dead were two Malians and 14 Mauritanian nationals, Al Jazeera's Hashem Ahelbarra reported from Mali's capital Bamako on Sunday. Our correspondent said there were two differing accounts of what had taken place.

    by afew (afew(a in a circle)eurotrib_dot_com) on Sun Sep 9th, 2012 at 03:54:12 PM EST
    [ Parent ]
    BBC News - Iraq VP Tariq al-Hashemi sentenced to death

    Iraq's fugitive vice-president Tariq al-Hashemi has been sentenced to death in absentia after a court found him guilty of running death squads.

    The court ruling came as at least 64 people were killed in a wave of about 27 attacks across Iraq.

    Hashemi was the most senior Sunni Muslim in the predominantly Shia Iraqi government until he was charged last December and went on the run.

    The charges against him sparked a political crisis in Iraq.

    Other Sunni politicians denounced Shia Prime Minister Nouri al-Maliki - who issued the warrant for Mr Hashemi - as a dictator, accusing him of deliberate provocation that risked plunging the country back into sectarian conflict.

    Correspondents say the fragile government coalition between Sunnis, secularists and Shia has seemed in danger of collapse ever since.

    by afew (afew(a in a circle)eurotrib_dot_com) on Sun Sep 9th, 2012 at 03:55:17 PM EST
    [ Parent ]
    Hong Kong votes in key legislative elections - Asia-Pacific - Al Jazeera English

    Hong Kong voters went to the polls in legislative elections seen as a crucial test for the Beijing-backed government, as calls for full democracy grow and disenchantment with Chinese rule surges.

    Nearly 3.5 million people are eligible to cast ballots in the poll, which comes after weeks of protests against a plan to introduce Chinese patriotism classes into schools forced the government into a last-minute backdown on Saturday.

    Voting began at 7:30am (23:30 GMT Saturday) and would go on until 10:30 pm with results not expected until Monday.

    The new 70-seat legislature could pave the way for universal suffrage in 2017 for the job of chief executive and by 2020 for the parliament.

    Forty of the 70 seats in the new legislature are directly elected - the first time that more than half of the seats up for grabs would be decided by popular vote.

    The remainder are chosen by small groups of electors selected along economic and professional lines.

    by afew (afew(a in a circle)eurotrib_dot_com) on Sun Sep 9th, 2012 at 03:59:42 PM EST
    [ Parent ]
    by afew (afew(a in a circle)eurotrib_dot_com) on Sun Sep 9th, 2012 at 07:56:47 AM EST
    Putin Praises Russia-Japan LNG Project | Business | RIA Novosti

    A Russian-Japanese project to build a liquefied natural gas plant in Vladivostok has great potential and will lend support to Japan as it boosts imports of LNG, Russian President Vladimir Putin said at the concluding press conference of the APEC summit in Vladivostok on Sunday.

    The CEO of Russian gas giant Gazprom, Alexei Miller, signed a memorandum on Saturday with the head of the Japanese Ministry of Economy, Trade and Industry's natural resources and energy agency, Ichiro Takahara, to move forward on the LNG project.

    Most of the LNG produced at the new plant will be exported to Japan, which is consuming more gas in order to compensate for the shutdown of a number of nuclear plants following the Fukushima disaster in March 2011.

    by afew (afew(a in a circle)eurotrib_dot_com) on Sun Sep 9th, 2012 at 03:06:13 PM EST
    [ Parent ]
    Oil on Gulf Coast after Hurricane Isaac reveals risks of offshore drilling | Grist
    Oil is washing up along the Gulf Coast in Alabama, Mississippi, and Louisiana, churned up by Hurricane Isaac. After discovering hundreds of tar balls at Bon Secour National Wildlife Refuge in Alabama, a Greenpeace research team joined our allies at the Gulf Restoration Network to investigate the impacts on East and West Ship Island, off the coast of Mississippi. We found tar balls on East Ship Island and several heavily oiled areas on West Ship Island, which are both part of the Gulf National Seashore.

    Meanwhile, the New Orleans Times-Picayune reports that Louisiana is "closing a 12-mile section of Gulf coastline from Caminada Pass to Pass Fourchon after Hurricane Isaac washed up large areas of oil and tar balls at the location of one of the worst inundations of BP oil during the Deepwater Horizon disaster of 2010 ... agency crews surveying damage from Isaac discovered large sections of viscous oil and tar balls floating along the coast."

    Greenpeace documented oil on East Ship Island in October 2010, months after the BP oil disaster. Returning two years later to find so much oil pollution is a sad reminder that it's impossible to clean up a major marine oil spill. Officials are concerned that up to 1 million barrels of oil are estimated to remain in the Gulf of Mexico, and are calling on the Environmental Protection Agency and the National Oceanic and Atmospheric Administration to explain how they will address oil pollution remaining from the 2010 spill.

    by afew (afew(a in a circle)eurotrib_dot_com) on Sun Sep 9th, 2012 at 03:41:30 PM EST
    [ Parent ]
    Ecosystems cope with stress more effectively the greater the biodiversity

    Higher average temperatures and increasing salt concentrations are stress factors that many ecosystems face today in the wake of climate change. However, do all ecosystems react to stress in the same way and what impact does stress have on ecosystem services, such as biomass production? Botanists and ecologists from the universities of Zurich and Gottingen demonstrate that a high level of biodiversity aids stress resistance.

    Higher number of species leads to greater stress resistance

    The scientists studied a total of 64 species of single-celled microalgae from the SAG Culture Collection of Algae in Gottingen. These are at the bottom of the food chain and absorb environmentally harmful CO2 via photosynthesis.

    "The more species of microalgae there are in a system, the more robust the system is under moderate stress compared to those with fewer species," says first author Bastian Steudel, explaining one of the results. Systems with a higher number of species can thus keep their biomass production stable for longer than those with less biodiversity.

    by afew (afew(a in a circle)eurotrib_dot_com) on Sun Sep 9th, 2012 at 03:43:56 PM EST
    [ Parent ]
    Tom Philpott | Mother Jones

    "Stanford Scientists Cast Doubt on Advantages of Organic Meat and Produce," declared a New York Times headline. "Organic food hardly healthier, study suggests," announced CBS News. "Is organic healthier? Study says not so much, but it's key reason consumers buy," the Washington Post grumbled.

    In reality, though, the study in some places makes a strong case for organic--though you'd barely know it from the language the authors use. And in places where it finds organic wanting, key information gets left out. To assess the state of science on organic food and its health benefits, the authors performed what's known among academics as a "meta-analysis"--they gathered all the research papers they could find on the topic dating back decades, eliminated ones that didn't meet their criteria for scientific rigor, and summarized the results.  

    In another post I'll get to the question of nutritional benefits--the idea, expressed by the Stanford authors, that organic and conventional foods are roughly equivalent in terms of vitamins and other nutrients. What I want to discuss now is the problem of pesticide exposure, and why I think the Stanford researchers are underestimating the risks.

    by afew (afew(a in a circle)eurotrib_dot_com) on Sun Sep 9th, 2012 at 03:45:49 PM EST
    [ Parent ]
    Do organic farmers in the US use growth promoting hormones ?

    keep to the Fen Causeway
    by Helen (lareinagal at yahoo dot co dot uk) on Mon Sep 10th, 2012 at 03:08:10 AM EST
    [ Parent ]
    Huh?
    by afew (afew(a in a circle)eurotrib_dot_com) on Mon Sep 10th, 2012 at 03:39:46 AM EST
    [ Parent ]
    Electronic Code of Federal Regulations:

    (b) The producer of an organic operation must not:

    (1) Use animal drugs, including hormones, to promote growth;

    by afew (afew(a in a circle)eurotrib_dot_com) on Mon Sep 10th, 2012 at 03:46:25 AM EST
    [ Parent ]
    that I haven't seen in any English language report on this meta-study. The content explicitly contradicts the text! Oh, there are differences in "trace elements", that's hardly significant, is it? Well yes it is, actually.

    Les aliments bio moins nocifs mais pas plus nourrissants organic food less harmful but not more nutritious
    Du point de vue des nutriments - les éléments nutritifs -, l'analyse de Dena Bravata et ses collègues n'a pas trouvé de différences majeures entre les deux types d'aliments, par exemple sur la teneur en vitamine D, en protéines ou en lipides. Les produits bio se sont révélés contenir davantage de phosphore - mais les carences en phosphore sont peu répandues, objectent les auteurs - et quelques études montrent que le lait bio est plus riche en acides gras oméga-3, réputés avoir un effet protecteur sur le plan cardiovasculaire. Avantage également aux produits bio pour la teneur en phénols, censés contribuer à la prévention des cancers.From the point of view of the nutrients, analysis of Dena Bravata and Colleagues did not find major differences between the two types of food, eg on vitamin D, proteins or fat. Organic products contain more phosphorus - but phosphorus deficiencies are rare, argue the authors - and a few Studies show that organic milk is richer in omega-3 fatty acids, thought to have a protective effect on the cardiovascular system. Advantage also to organic products for levels of phenols, thought to help the prevention of cancers.


    It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II
    by eurogreen on Mon Sep 10th, 2012 at 05:41:55 AM EST
    [ Parent ]
    IPS - Kyoto Protocol May End With the Year | Inter Press Service

    BANGKOK, Sep 9 2012 (IPS) - As government negotiators from the world's poorest countries ended a round of United Nations climate change talks in the Thai capital, they sounded a grave note about what appears imminent when they assemble in November in Doha - the reading of the last rites of the Kyoto Protocol.

    "We are concerned that the environmental integrity of the Kyoto Protocol, which is the only international treaty that binds developed nations to lower (greenhouse gas) emissions, and thus our lone assurance that action will be taken, is eroding before our eyes," declared a statement released by the Alliance of Small Island States (AOSIS), the Least Developed Countries (LDCs) and the Africa Group, which represent over a billion people vulnerable to the ravages of extreme weather.

    Such concern about the fate of the Kyoto Protocol in the capital of Qatar, where negotiators from over 190 countries will gather for a U.N. climate summit, is with reason. The upcoming 18th conference of the parties (CoP 18) will be the last meeting before the clock runs out on Dec. 31for the world's industrialised countries to meet their initial, legally-binding greenhouse gas emission reduction targets and to announce new legally binding cuts for the second period as 2013 dawns.

    by afew (afew(a in a circle)eurotrib_dot_com) on Sun Sep 9th, 2012 at 04:05:00 PM EST
    [ Parent ]
    by afew (afew(a in a circle)eurotrib_dot_com) on Sun Sep 9th, 2012 at 07:57:05 AM EST
    Russian Orthodoxy Sustains Well-Thought Strike - Patriarch | Religion | RIA Novosti

    The Russian Orthodox Church has sustained a well-thought strike aimed at testing how deep its followers' faith is, Patriarch of Moscow and All Russia Kirill said on Sunday.

    As of late the Russian Orthodox Church has come in for unprecedented criticism both at home and abroad over the punk group Pussy Riot case and the perceived luxurious lifestyle of its leading figures.

    "I can't get rid of the thought that it was a certain exploratory attack to check how deep is the faith and devotion to Orthodoxy in Russia," he told the Vesti Nedeli weekly news program on Russia's state-run Rossiya TV channel.

    by afew (afew(a in a circle)eurotrib_dot_com) on Sun Sep 9th, 2012 at 03:06:55 PM EST
    [ Parent ]
    I think the Devil was behind it.

    Do NOT discuss. ;)

    by afew (afew(a in a circle)eurotrib_dot_com) on Sun Sep 9th, 2012 at 03:07:46 PM EST
    [ Parent ]
    Researchers identify biochemical functions for most of the human genome

    Only about 1 percent of the human genome contains gene regions that code for proteins, raising the question of what the rest of the DNA is doing. Scientists have now begun to discover the answer: About 80 percent of the genome is biochemically active, and likely involved in regulating the expression of nearby genes, according to a study from a large international team of researchers.

    The consortium, known as ENCODE (which stands for "Encyclopedia of DNA Elements"), includes hundreds of scientists from several dozen labs around the world. Using genetic sequencing data from 140 types of cells, the researchers were able to identify thousands of DNA regions that help fine-tune genes' activity and influence which genes are expressed in different kinds of cells.

    Just as the sequencing of the human genome helped scientists learn how mutations in protein-coding genes can lead to disease, the new map of noncoding regions should provide some answers on how mutations in the regulatory elements lead to diseases such as lupus and diabetes, says Manolis Kellis, an associate professor of computer science at MIT, an associate member of the Broad Institute and an author of a paper describing the findings in the Sept. 5 online edition of Nature.

    by afew (afew(a in a circle)eurotrib_dot_com) on Sun Sep 9th, 2012 at 03:38:08 PM EST
    [ Parent ]
    Not so moist Mars: Clays may come from lava, not lakes - space - 09 September 2012 - New Scientist

    Hunting for Martians may be a tougher task than predicted. Clays, long thought to be a sure sign of a warmer and wetter past on the Red Planet, could merely signal earlier volcanic activity - which would have made some regions on Mars less favourable for life.

    Clay layers found across Mars suggest that during the Noachian period, from about 4.2 billion to 3.5 billion years ago, the planet was warm enough to host liquid water - necessary for life as we know it.

    Scientists thought Mars clays could have formed in one of two ways: through soil interacting with standing water on the surface, or from water bubbling up from below via hydrothermal vents.

    by afew (afew(a in a circle)eurotrib_dot_com) on Sun Sep 9th, 2012 at 03:50:49 PM EST
    [ Parent ]
    by afew (afew(a in a circle)eurotrib_dot_com) on Sun Sep 9th, 2012 at 07:57:24 AM EST
    Former first lady sues over red light rumours - The Local

    Bettina Wulff, the wife of German ex-president Christian Wulff, is suing a TV moderator and Google for helping spread rumours about her life before her marriage.

    The 38-year-old filed suit against the multinational internet corporation and TV presenter Günther Jauch in a Hamburg court on Friday, the Süddeutsche Zeitung newspaper reported.

    In recent months, 34 German and foreign bloggers and media outlets, including Stern magazine, Mediengruppe Österreich publishers and Berliner Zeitung newspaper, had signed cease-and-desist declarations related to the stories, the paper reported.

    Political enemies of her husband within Hannover political circles have been spreading rumours since 2006 that Bettina Wulff once worked in the red-light milieu, in an attempt to damage her husband, according to the Süddeutsche Zeitung.

    by afew (afew(a in a circle)eurotrib_dot_com) on Sun Sep 9th, 2012 at 03:25:48 PM EST
    [ Parent ]
    In case someone wonders why now and so: She knows what the Streisand effect is and that interest in the story of her life will increase. Quite coincidentally her memoirs will hit the market very soon.
    by Katrin on Sun Sep 9th, 2012 at 04:47:44 PM EST
    [ Parent ]
    The lawsuit against Google is aimed to prevent the words like "Red Light past" and "Escort," from coming up in a search under her name.

    The existence of the lawsuit will (a) increase the chances of these words coming up and (b) give Google a legitimate reason for this happening.

    by gk (g k quattro due due sette "at" gmail.com) on Mon Sep 10th, 2012 at 02:36:52 AM EST
    [ Parent ]


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