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6 March 2014

by dvx Wed Mar 5th, 2014 at 03:18:35 PM EST

Your take on today's news media


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The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed Mar 5th, 2014 at 03:21:31 PM EST
West presses Russia to hold direct talks with Ukraine interim government | News | DW.DE | 05.03.2014

Russian and Western foreign ministers have met in Paris, amid calls for Moscow to enter direct talks with Kyiv. The UN said its envoy to Crimea had been "threatened" by unknown gunmen and told to leave the peninsula.

US Secretary of State John Kerry and his Russian counterpart, Sergey Lavrov, met on Wednesday for the first time since Russia took military control of Crimea.

The pair, along with their British, French and German counterparts, spoke at a meeting over coffee in Paris - with the Western governments urging Russia to hold direct talks with the new government in Kyiv.

Kerry was said to have urged Lavrov to hold face-to-face talks with his Ukrainian counterpart. A statement issued by the US, Britain and Ukraine described engagement as "crucial."



The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed Mar 5th, 2014 at 03:35:45 PM EST
[ Parent ]
Armed group threaten UN envoy in Crimea confrontation | News | DW.DE | 05.03.2014

As diplomats met in Paris to lower tensions between Ukraine and Russia, a number of incidents on the ground in Ukraine are fanning the flames. UN chief Ban Ki-moon has called on both sides to "lower their temperature."

While there have been no indications of outright violence, instances of intimidation and unrest have been reported in Crimea on Wednesday. Robert Serry, a special United Nations envoy in the autonomous Ukrainian region on an observer mission, was threatened by unidentified armed men and told to leave the area.

Serry was in a car when his progress was blocked by a group of gunmen as he departed the naval headquarters in Simferopol. The gunmen said he should head for the airport and leave Crimea. Serry refused and continued on foot, eventually landing in a cafe. The cafe was surrounded by more gunmen, according to a reporter from Britain's ITV who was accompanying Serry. At this point, Serry reportedly agreed to depart Crimea, and the gunmen let him leave the cafe.



The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed Mar 5th, 2014 at 03:35:56 PM EST
[ Parent ]
United Nations News Centre - Armed men in Crimea threaten UN envoy; Ban dispatches human rights official to Ukraine

5 March 2014 - The United Nations has confirmed that Senior Advisor Robert Serry is in good shape physically after being threatened today during his visit to Crimea, Ukraine, by armed men who ordered him to leave the region.

"He was met outside the main naval headquarters by a number of unidentified men who were saying that he should leave Crimea and go to the airport," Deputy Secretary-General Jan Eliasson told reporters in New York, as he briefed via telephone from the Ukrainian capital, Kiev.

Mr. Serry apparently returned to his vehicle, and when the car could not drive away, he walked back to his hotel accompanied by a UN colleague.

"On his way to the hotel he stopped by a cafe to call me, and that's when we talked," said Mr. Eliasson.

Mr. Serry, who was dispatched to Crimea to take stock of the situation there, had been relying on Ukrainian authorities for security. He was threatened but not kidnapped, the deputy UN chief stressed.

"He expects that all authorities that have control of the situation will continue to guarantee his safe return to the hotel and continued work. Otherwise, he will be forced to come back to Kiev to continue his work from here."

A UN spokesperson later confirmed that Mr. Serry is taking a flight out of Simferopol and will return to Kiev to continue his mission.

(...) Meanwhile, Secretary-General Ban Ki-moon, who is on an official visit to Sierra Leone, has announced that he is sending Assistant Secretary-General for Human Rights Ivan Šimonovic to Kiev and the eastern part of Ukraine, including Crimea, to monitor the human rights situation.

by afew (afew(a in a circle)eurotrib_dot_com) on Thu Mar 6th, 2014 at 02:37:33 AM EST
[ Parent ]
Incident maximised in Western™ media, minimised in Russian media.

RT's live feed says:

Ukraine turmoil LIVE UPDATES -- RT News

21:19 GMT:

Video footage from Ruptly news agency shows UN representative Robert Serry leaving a Simferopol coffee shop, which he entered on Wednesday while a crowd stood outside chanting "Russia, Russia."

After spending some time in the coffee shop, Serry left and headed to the airport.

by afew (afew(a in a circle)eurotrib_dot_com) on Thu Mar 6th, 2014 at 02:52:31 AM EST
[ Parent ]
Normal situation in Ukraine today.New USA/EU democracy in work...
[Video] Footage from a city hall meeting in the city of Vasilkov (just south of Kiev). No translation needed :-)

http://www.youtube.com/watch?v=9fKIq8fE1CE&feature=player_detailpage

Science without religion is lame, religion without science is blind...Albert Einstein

by vbo on Thu Mar 6th, 2014 at 10:18:00 AM EST
[ Parent ]
http://www.moonofalabama.org/2014/03/ukraine-yuck-i-agree-with-kissenger-.html#more

Someone did give me a translated summary : basically the fat Nazi guys are literally saying to the crowd of people

    "You're the Opposition now. We're the ones in power"



Science without religion is lame, religion without science is blind...Albert Einstein
by vbo on Thu Mar 6th, 2014 at 10:19:39 AM EST
[ Parent ]
You reported another such intrusion in Rovno earlier; and here is a third incident I hinted at earlier:

Ukraine's Hungarian minority nervous as crisis rages

Stick-wielding members of Pravy Sektor, the far-right paramilitary group that was on the frontline of bloody protests to depose Yanukovych in Kiev in February, stormed the town hall in Berehove, a town of around 24,000 people, last week.

A government building in the regional capital of Uzhhorod has been occupied since mid-February, with Pravy Sektor activists in red and black armbands standing guard outside.

"Chaos reigns here, police are invisible, people are afraid," said Zoltan Babjak, mayor of Berehove.

On the other hand, the pro-Russia extremists egged on by Putin's propaganda machinery aren't acting any less fascist.

Russian propaganda and Ukrainian rumour fuel anger and hate in Crimea | World news | The Guardian

On the ground in Crimea, what is particularly odd is that the most vociferous defenders of Russian bases against supposed fascists appear to hold far-right views themselves.

Outside the Belbek airbase, an aggressive self-defence group said they were there to defend the base against "Kiev fascists", but also railed against Europe, "full of repulsive gays and Muslims".

"What you foreigners don't get is that those people in Maidan, they are fascists," said Alexander, a Simferopol resident drinking at a bar in the city on Monday night. "I mean, I am all for the superiority of the white race, and all that stuff, but I don't like fascists."



*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Thu Mar 6th, 2014 at 03:45:37 PM EST
[ Parent ]
I can imagine (and can even remember) how in situations like this people can be scared and obviously it is always those from national minorities of specific area that are rightly scared the most.Russians in west Ukraine for example (one can only imagine what's happening there to Russians right now) but same goes for Ukrainians in Crimea. Other minorities are even worse probably anywhere in Ukraine they do not feel safe now.
Also there is a little bit of history in Ukraine ( as it was in ex YU) that has not be forgotten in just one generation after WWII. Like this:

http://www.thenation.com/blog/178716/dark-side-ukraine-revolt

Svoboda--which currently has thirty-six deputies in the 450-member Ukrainian parliament--began life in the mid-1990s as the Social National Party of the Ukraine, but its roots lie in World War II, when Ukrainian nationalists and Nazis found common ground in the ideology of anti-communism and anti-Semitism. In April 1943, Dr. Otto von Wachter, the Nazi commander of Galicia--the name for western Ukraine--turned the First Division of the Ukrainian National Army into the 14 Grenadier Division of the Waffen SS, the so-called "Galicia Division."

The Waffen SS was the armed wing of the Nazi Party, and while serving alongside the regular army, or Wehrmacht, the party controlled the SS's thirty-eight-plus divisions. While all Nazi forces took part in massacres and atrocities, the Waffen SS did so with particular efficiency. The postwar Nuremberg trials designated it a "criminal organization."

Svoboda has always had a soft spot for the Galicia Division, and one of its parliament members, Oleg Pankevich, took part in a ceremony last April honoring the unit. Pankevich joined with a priest of the Ukrainian Orthodox Church near Lviv to celebrate the unit's seventieth anniversary and rebury some of the division's dead.

"I was horrified to see photographs...of young Ukrainians wearing the dreaded SS uniform with swastikas clearly visible on their helmets as they carried caskets of members of this Nazi unit, lowered them into the ground, and fired gun salutes in their honor," World Jewish Congress president Ronald Lauder wrote in a letter to the Patriarch of the Ukrainian church. He asked Patriarch, Filret, to "prevent any further rehabilitation of Nazism or the SS." Some 800,000 Jews were murdered in Ukraine during the German occupation, many of them by Ukrainian auxiliaries and units like the Galicia Division.

Three months after the April ceremony, Ukrainians re-enacted the battle of Brody between the Galicia Division and Soviet troops, where the German XIII Army Corps was trying to hold off the Russians commanded by Marshall Ivan Konev. In general, going up against Konev meant a quick trip to Valhalla. In six days of fighting the Galicians lost two-thirds of their division and the XIII Corps was sent reeling back to Poland. The Galicia Division survivors were shipped off to fight anti-Nazi partisans in Yugoslavia. In 1945, remnants of the unit surrendered to the Americans in Italy, and in 1947 many of them were allowed to emigrate to Britain and Canada.

I am sorry for long quote but this is important and I only now learned this part of Ukraine history. It was obviously very similar to Yugoslavian experience with Croats...they even had their own fascist state.
Read this article it is very informative of what and why is happening in Ukraine.

Science without religion is lame, religion without science is blind...Albert Einstein
by vbo on Fri Mar 7th, 2014 at 05:02:11 AM EST
[ Parent ]
Russian Richest Lost $13 Billion as Global Stocks Fell - Bloomberg

The world's 300 wealthiest people lost a combined $44.4 billion yesterday as global stocks tumbled the most in a month and the ruble dropped to an all-time low amid Russia's growing military presence in Ukraine.

The day's biggest losers were Gennady Timchenko and Leonid Mikhelson, who fell a combined $3.2 billion after OAO Novatek slumped almost 18 percent, according to the Bloomberg Billionaires Index, a daily ranking of the richest people on Earth. The two billionaires own almost half of Russia's largest gas producer after Gazprom OAO.

"The Russian invasion of the Crimean peninsula has raised risk premiums for emerging market risk, geopolitical risk and risks to economic growth," Gautam Batra, a London-based investment strategist at Signia Wealth Ltd., said by phone. "Even before the events in Ukraine, it was natural to expect some sort of volatility this week after a strong run into the end of February. One would have expected a correction or pull-back from the markets anyway."

All of the Russian and Ukrainian billionaires on the ranking lost money, falling a combined $12.8 billion during the day. Ukraine said Russia threatened to seize its warships in Crimea amid the worst standoff between the West and Russia since the end of the Cold War. U.S. Secretary of State John Kerry will arrive in Kiev today.



The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed Mar 5th, 2014 at 03:44:59 PM EST
[ Parent ]
oh, the humanity!!

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Thu Mar 6th, 2014 at 03:46:51 AM EST
[ Parent ]
Fourth-quarter growth data confirm recovery in eurozone | Business News | DW.DE | 05.03.2014

Economic output in the eurozone accelerated in the final quarter of 2013, suggesting that the modest recovery in the 18-nation currency area remains on track. Gross domestic product was driven by exports and investment.

Between October and December 2013, economic activity in the eurozone expanded by 0.3 percent compared with the same quarter a year ago, .

The figure confirmed Eurostat's earlier growth estimate released in February, and pointed to an accelerating recovery in the currency area, the office said in a statement. 0:00:00|0:00:00 Eurozone strengthens but not all feel the gains

According to Eurostat, fourth-quarter gross domestic product (GDP) was significantly higher than in the previous three-month period, in which eurozone GDP had expanded by just 0.1 percent. It was the third consecutive quarter of growth after more than one and a half years of shrinking output as a result of the eurozone's sovereign debt crisis.



The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed Mar 5th, 2014 at 03:36:47 PM EST
[ Parent ]
"Between October and December 2013, economic activity in the eurozone expanded by 0.3 percent compared with the same quarter a year ago, ."

Wow. Something to write home about. So, it's still less than productivity growth, so still a drag on employment rates, even with a stable working age population (it's probably growing somewhat instead).

"The figure confirmed Eurostat's earlier growth estimate released in February, and pointed to an accelerating recovery in the currency area, the office said"

Ah, but this would appear not to be the spin of the day. It's accelerating, rejoice! Yet...

"Eurozone strengthens but not all feel the gains"

No kidding!

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

by Cyrille (cyrillev domain yahoo.fr) on Thu Mar 6th, 2014 at 04:21:43 AM EST
[ Parent ]
http://rt.com/news/kiev-clashes-rioters-police-571/

07:15 GMT:

The head of Berkut special forces told RT that he was sure there was "Some outside force, a third party involved in the provocations and in deaths on both sides" of the violent clashes in Kiev.

"At some point, we understood that it was no longer like the peaceful protests of 2004 and 2007. This time it was all about provocation, not only violent, but dirty tactics by the rioters. While we were unarmed - we didn't even have non-lethal arms - the plan of those who masterminded this was to make the Berkut force crumble, to demoralize us and pressure us to switch sides, but that didn't happen.

"And then came the worst: the shooting. Rounds were fired at both sides, but as I've already told you, we didn't have any weapons. It was so difficult to understand what was happening, but officers just began falling to the ground, one by one. So it became clear: people were dying from bullets! But again, no shots could have been fired by Berkut forces. I'm sure there was some outside force, a third party involved in the provocations and in deaths on both sides. It was an organized team of professionals," Yury Abisov, Crimean Berkut special police head, told RT.

Abisov's interview follows a leaked phone call of Estonian Foreign Minister Urmas Paet allegedly talking to the EU foreign affairs chief Catherine Ashton and saying that "there is now stronger and stronger understanding that behind the snipers, it was not Yanukovich, but it was somebody from the new coalition."

The call reportedly took place after Estonia's Foreign Minister Urmas Paet visited Kiev on February 25, following the peak of clashes between the pro-EU protesters and security forces in the Ukrainian capital.  


When I find this news in western media I will definitely prefer to link to them.For now I can only find it on RT.

Science without religion is lame, religion without science is blind...Albert Einstein
by vbo on Thu Mar 6th, 2014 at 02:47:57 AM EST
[ Parent ]

http://www.youtube.com/watch?feature=player_embedded&v=ZEgJ0oo3OA8
OK...what now? Are you at least to acknowledge this?

Science without religion is lame, religion without science is blind...Albert Einstein

by vbo on Thu Mar 6th, 2014 at 03:40:25 AM EST
[ Parent ]
vbo:
OK...what now? Are you at least to acknowledge this?

And you this?

by afew (afew(a in a circle)eurotrib_dot_com) on Thu Mar 6th, 2014 at 07:28:38 AM EST
[ Parent ]
Rounds were fired at both sides, but as I've already told you, we didn't have any weapons.

Nevermind images of snipers in combat gear, how does this claim (not from one lost eyewitness but from the head of the Berkut no less) rhyme with these pictures of at least six different and at least non-lethal arms?





I'm sure there was some outside force, a third party involved in the provocations and in deaths on both sides.

There were at least two other, well visible groups with arms. The men on the protester side with hunter rifles and handguns discussed earlier could well have been responsible for a large part of the deaths on the police side, but weren't professionals. The other group, caught on the SvobodaTV video as well as the photo below, does appear to be professionals, with special uniform:

These guys with yellow armbands and insignia below the armbands appear to be members of a special team under Ukraine's Security Service. Their arrival at Maidan is shown at the end of this YouTube video ("СБУ" on the back of the first guy at 1:05 is the acronym of the Security Service of Ukraine):

Also, does he also ascribe the kidnappings and murders prior to the riots to a "mysterious third party"?

Regarding the bugged telephone call, RT quotes the Estonian foreign minister out of context: he was summarising claims made by the doctor treating the Maidan victims, and she has since denied part of even that recollection, see discussion in Oui's diary.

*Lunatic*, n.
One whose delusions are out of fashion.

by DoDo on Thu Mar 6th, 2014 at 06:53:11 AM EST
[ Parent ]
so now the eu will help ukraine pay for her gas so we can get some too.

that dash for gas is really paying off...

meanwhile back at the propaganda ranch

Protests in Ukraine supported by US and EU, both Covert and Overt | Global Research

Could it have any connection to the Orange Revolution?

Absolutely. I mean, this is in a sense, we could say that this is an Orange Revolution although it doesn't have quite the same logic but the forces behind the Orange Revolution in 2004 - you know, the confrontations are very similar and the main actors involved. And I would say that when we talk about the main actors we are talking about US intelligence, we are talking about the National Endowment for Democracy (NED) and various foundations which support extremist groups, we are talking about the role of the International Monetary Fund and the creditor institutions, which have already positioned themselves, threatening, devastating conditions on a new coalition government in the context of debt restructuring and so on.

What reasons could the West have for pushing the neo-Nazis to power in Ukraine?

Well, the West wants to destabilize the entire region and there is of course a geopolitical battle between Russia and the West. It wants of course to take control of the Black Sea basin and that actually goes back to an agreement signed in 1999 which is the GUUAM (Georgia, Ukraine, Uzbekistan, Azerbaijan and Moldova).

It was a military cooperation agreement, it was directed against the Russian Federation, it was intended to militarize both the Caspian Sea basin and the Black Sea and eventually bring these countries into NATO. That agreement was signed in 1999, it was a partnership between NATO and those five countries. Subsequently, that agreement subsided but the intent on the part of NATO and the US is eventually to gain control over that region and also to integrate Ukraine into the European space but more specifically into NATO. I think the integration into NATO is far more crucial than the integration into the EU.

yes the MIC trumps international banking even still

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty

by melo (melometa4(at)gmail.com) on Thu Mar 6th, 2014 at 09:41:23 AM EST
[ Parent ]
Agence France-Presse
The European Union will help Ukraine pay the $2.0 billion it owes to Russian gas giant Gazprom, EU Energy Commissioner Guenther Oettinger said Tuesday.
by gk (gk (gk quattro due due sette @gmail.com)) on Thu Mar 6th, 2014 at 03:30:09 AM EST
[ Parent ]
http://www.theguardian.com/world/2014/mar/06/ukraine-crisis-russia-crimea-eu-un-live#block-531847ede 4b0c8d9ae9a5570

10.07am GMT

Crimea's vice premier, Rustam Temirgaliev - who incidentally is of Crimean Tatar descent - said today Crimea will hold a referendum on 16 March on whether the region should stay with Ukraine or join Russia, Reuters reported the Russia's RIA news agency as saying.

According to RIA, the referendum will ask whether voters want Crimea to become part of the Russian Federation or remain in Ukraine under the country's post-independence 1992 constitution.

RIA also reported that Crimea's parliament voted unanimously today to become part of the Russian Federation.
 



Science without religion is lame, religion without science is blind...Albert Einstein
by vbo on Thu Mar 6th, 2014 at 06:42:37 AM EST
[ Parent ]
Though without much enthusiasm.
Tsipras è tanto una brava persona e io lo voterò, credo. Nel senso che fare quei duecento metri che mi separano dal seggio elettorale non è uno sforzo troppo grande per compiere una azione completamente inutile.
I'll probably do the same, though I have to go more than 200 metres.
by gk (gk (gk quattro due due sette @gmail.com)) on Thu Mar 6th, 2014 at 03:22:22 PM EST
[ Parent ]
 ECONOMY & FINANCE 


The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed Mar 5th, 2014 at 03:21:44 PM EST
Highest Minimum-Wage State Washington Beats U.S. Job Growth - Bloomberg

When Washington residents voted in 1998 to raise the state's minimum wage and link it to the cost of living, opponents warned the measure would be a job-killer. The prediction hasn't been borne out.

In the 15 years that followed, the state's minimum wage climbed to $9.32 -- the highest in the country. Meanwhile job growth continued at an average 0.8 percent annual pace, 0.3 percentage point above the national rate. Payrolls at Washington's restaurants and bars, portrayed as particularly vulnerable to higher wage costs, expanded by 21 percent. Poverty has trailed the U.S. level for at least seven years.

The debate is replaying on a national scale as Democrats led by President Barack Obama push for an increase in the $7.25-an-hour federal minimum, while opponents argue a raise would hurt those it's intended to help by axing jobs for the lowest-skilled. Even if that proves true, Washington's example shows that any such effects aren't big enough to throw its economy and labor market off the tracks.



The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed Mar 5th, 2014 at 03:39:28 PM EST
[ Parent ]
When the Koch brothers spend millions opposing a minimum wage referendum you can safely bet that most of what they put out will be blatant lies.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Mar 6th, 2014 at 08:42:52 PM EST
[ Parent ]
Yellen Says Economy Falling Short of Congress-Mandated Goals - Bloomberg

Federal Reserve Chair Janet Yellen said the Fed has more to do to reach its goals for inflation and unemployment, and to repair damage from the financial crisis.

"The goals set by Congress for the Federal Reserve are clear: maximum employment and stable prices," Yellen said in remarks prepared for her ceremonial swearing-in event today in Washington.

"It is equally clear that the economy continues to operate considerably short of these objectives," she said. "I promise to do all that I can, working with my fellow policy makers, to achieve the very important goals Congress has assigned to the Federal Reserve."

Yellen formally became chair of the Fed on Feb. 3 and has testified to Congress that she expects a "great deal of continuity" between her approach and that of her predecessor Ben S. Bernanke.



The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed Mar 5th, 2014 at 03:39:42 PM EST
[ Parent ]
Does Yellen understand that the bit about the goal of achieving a 2% inflation rate and reducing unemployment is only for public consumption? We will have to see.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Mar 6th, 2014 at 08:47:16 PM EST
[ Parent ]
Frigid U.S. Weather Means Highest Power Prices Since '08: Energy - Bloomberg

Freezing temperatures gripping the eastern U.S. will result in the highest electricity prices in six years for consumers in Boston, Dallas and San Francisco.

Supplies of natural gas and coal will decline to six-year lows by the end of this month, government data show. The fuels are used to generate 67 percent of the country's electricity. Wholesale power for use from April through June in New England traded at an average of $62.15 a megawatt-hour yesterday, 26 percent more than a year earlier and the highest for the period since 2008, according to IntercontinentalExchange and broker data compiled by Bloomberg.

The coldest start to a year since 2011 means consumers won't see the normal seasonal drop in power prices. Natural gas is up 32 percent compared with a year ago, adding to costs for home heating and power generation. Maintenance planned for a third of U.S. nuclear reactors in the next three months, the most for the season in at least 14 years, will further boost reliance on fossil fuels.



The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed Mar 5th, 2014 at 03:39:55 PM EST
[ Parent ]
This is interesting.

US gas price at odds with low stocks - FT.com

The US natural gas market is sending out mixed messages. Supplies held in underground storage are at the lowest level in a decade, but futures prices suggest the country is still a land of plenty.

This contradiction has begun to spark debate among analysts. Has a tough winter dealt a lasting blow to stores of the heating fuel? Or will gas drilled from shale rock again flood the market once temperatures - fingers crossed - climb?

...High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. http://www.ft.com/cms/s/0/26f32280-a473-11e3-b915-00144feab7de.html#ixzz2vBYlTRGy

Teri Viswanath, gas analyst at BNP Paribas, says the futures market has it wrong. This week she raised her forecast for 2015 gas prices from $4 to $4.55 per mBtu.

"Despite the industry's best efforts to bring additional supplies to market, we believe it will take more than a single injection season to swing the market back into equilibrium," she says.

Ms Viswanath argues "structural" increases in gas consumption, from new, cleaner-burning power plants to petrochemical complexes, will divert some gas away from storage caverns. She likens this year's end-of-winter inventories to a serious crunch in 2003, which set off a "six-year cycle of tightness" that sent gas to record highs above $15 per mBtu.

This is short of a bursting of the shale gas bubble, though.

*Lunatic*, n.
One whose delusions are out of fashion.

by DoDo on Thu Mar 6th, 2014 at 07:34:59 AM EST
[ Parent ]
They are conditioning the public to higher gas prices so they can keep the bubble going. The bubble will only pop when companies find consumption declining due to higher prices - or when exploration companies cannot pay the debt they incurred to drill the wells - and then redrill the bottom over and over.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Mar 6th, 2014 at 08:53:39 PM EST
[ Parent ]
One of the response to the Ukraine situation floated by former House Speaker Newt Gingrich is that the US should be exporting fracked gas to Europe.....

And I'll give my consent to any government that does not deny a man a living wage-Billy Bragg
by ManfromMiddletown (manfrommiddletown at lycos dot com) on Thu Mar 6th, 2014 at 11:04:11 PM EST
[ Parent ]
Bank of England Suspends Employee Amid Currency Manipulation Inquiry - NYTimes.com

LONDON - The Bank of England, which is conducting an internal review into whether bank officials were informed of or condoned potential manipulation of the currency markets, said on Wednesday that it had suspended an employee.

The suspension comes as regulators in Britain, the United States and other countries are investigating whether traders colluded to manipulate foreign exchange benchmark rates.

The Bank of England has faced scrutiny in recent weeks over communications between its staff members and traders who were part of an industry committee that discussed issues affecting the currency markets.

Several traders who served on the committee are among more than a dozen traders who have been placed on leave or fired as a result of internal investigations at some of the world's largest banks, including Citigroup and UBS.



The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed Mar 5th, 2014 at 03:58:20 PM EST
[ Parent ]
The Guy Who Invented Bitcoin Is a Reclusive Oddball (Surprise!)

Bitcoin, like all great fantasies, has a compelling creation myth: one Satoshi Nakomoto existed on the internet just long enough to give birth to everyone's favorite cryptocurrency before disappearing for six years. Theories abounded as to the man's true identity. No one could track him down. That is, until Newsweek did just now.

It turns out, according to the Newsweek report, that Satoshi Nakomoto is not an alias for Sinichi Mochizuki, or Wei Dai, or a shadowy European computer collective. Satoshi Nakomoto is Satoshi Nakomoto, and he lives in California and likes to play with trains.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Thu Mar 6th, 2014 at 09:11:04 AM EST
[ Parent ]
ceebs:
Satoshi Nakomoto is Satoshi Nakomoto, and he lives in California and likes to play with trains currencies.


'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty
by melo (melometa4(at)gmail.com) on Thu Mar 6th, 2014 at 09:45:01 AM EST
[ Parent ]
So long as he doesn't hack the signalling for Amtrak

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Thu Mar 6th, 2014 at 10:37:15 AM EST
[ Parent ]
 WORLD 


The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed Mar 5th, 2014 at 03:21:58 PM EST
C.I.A. Employees Face New Inquiry Amid Clashes on Detention Program - NYTimes.com

WASHINGTON -- The Central Intelligence Agency's attempt to keep secret the details of a defunct detention and interrogation program has escalated a battle between the agency and members of Congress and led to an investigation by the C.I.A.'s internal watchdog into the conduct of agency employees.

The agency's inspector general began the inquiry partly as a response to complaints from members of Congress that C.I.A. employees were improperly monitoring the work of staff members of the Senate Intelligence Committee, according to government officials with knowledge of the investigation.

The committee has spent several years working on a voluminous report about the detention and interrogation program, and according to one official interviewed in recent days, C.I.A. officers went as far as gaining access to computer networks used by the committee to carry out its investigation.<aside style="display: none;" data-marginalia-type="sprinkled" data-skip-to-para-id="story-continues-4">

The events have elevated the protracted battle -- which began as a fight over who writes the history of the program, perhaps the most controversial aspect of the American government's response to the Sept. 11 attacks -- into a bitter standoff that in essence is a dispute over the separation of powers and congressional oversight of spy agencies.



The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed Mar 5th, 2014 at 03:36:37 PM EST
[ Parent ]
Egypt spreads blame for protest camp deaths - Middle East - Al Jazeera English

An Egyptian government inquiry has said police used excessive force in a deadly crackdown on supporters of the country's ousted president last year - but it also concluded that protesters started and escalated the violence.

The report by the National Council for Human Rights, released on Wednesday, investigated the events of August 14, when troops moved in on weeks-long sit-ins held by Mohamed Morsi's supporters in two camps in Cairo. The report found that 624 civilians and eight police died in the operation to clear the camps, and that most of the deaths were reported at the camp near the Rabaa al-Adawiya mosque, in Nasr City. It concluded that police had failed to maintain restraint and did not allow protesters to leave the area quickly enough.

The National Council however concluded that the civilian deaths were partially due to protest organisers allowing gunmen into the camp, and that the violence began when a policeman was killed by shots fired from a mosque.



The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed Mar 5th, 2014 at 03:41:32 PM EST
[ Parent ]
VPD to feds: We won't enforce new pot law

Vancouver police say they won't bust down the doors of the city's many illegal medical marijuana dispensaries April 1 when a new federal law will delegate weed production and distribution to a handful of licensed premises.

Coun. Kerry Jang -- who closely watches health issues -- minced no words, saying the city believes the federal law interferes with the right of people to access medicine. As a result, the city won't make any extraordinary efforts to shut down "professionally run" medical marijuana dispensaries, even though most operate without city business licenses.

"It really is about access to medication, and the rules under the new federal law would essentially block people from getting their medication," he said. "We just don't see these dispensaries as something we need to shut down, as long as they are only providing marijuana to people who medically need it."

The city's position is being hailed by medical marijuana dispensary operators as a reasoned response to a new federal law they believe will force the production of medical marijuana underground.



The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed Mar 5th, 2014 at 03:43:45 PM EST
[ Parent ]
Israeli forces seize rockets 'destined for Gaza' in raid on Iranian ship in Red Sea | World news | theguardian.com

Israeli naval forces have raided an Iranian freighter in the Red Sea and seized dozens of missiles that were allegedly destined for Palestinian militants in the Gaza Strip.

Israeli officials say the weapons were flown from Damascus to Tehran, then shipped from the Iranian port of Bandar Abbas to the Iraqi port of Umm Qasr, where they were disguised among bags of cement. From there, the missiles would have been transferred by land across Sudan, into the Sinai desert and onwards to Gaza, the officials said.

Lieutenant-Colonel Peter Lerner, a spokesman for the Israeli army, said the Iranian shipment had been seized at the end of a "complex, covert intelligence-led mission" which had started when the missiles began their journey at Damascus international airport several months ago.

The high seas interception is the fourth of its kind by Israel in the past 12 years and the first since the start of the Syrian civil war three years ago. It comes after a spate of air attacks on weapons warehouses and arms convoys in the past 18 months that officials in Tel Aviv had hinted were destined for Hezbollah in Lebanon.



The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed Mar 5th, 2014 at 03:46:06 PM EST
[ Parent ]
Times of Israel
They left after President Hugo Chavez expelled Israel's ambassador to Caracas, and when he called on Venezuela's Jews to condemn Israel for its actions in Gaza in 2009.

They left when Caracas claimed the ignoble title of most dangerous city in the world -- and when inflation hit double digits, food shortages took hold and the country's murder rate reached 79 per 100,000 people.

With Venezuela now roiled by anti-government demonstrations -- the death toll reached 18 last Saturday -- Venezuelan Jews who remain have yet another reason to leave their country: growing despair.

That must have been a long time ago (notice how the Chavez era, from 1999 to 2013 stands out from the period before, and, maybe, after):

by gk (gk (gk quattro due due sette @gmail.com)) on Thu Mar 6th, 2014 at 03:54:23 AM EST
[ Parent ]
LIVING OFF THE PLANET
Environment, Energy, Agriculture, Food


The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed Mar 5th, 2014 at 03:22:11 PM EST
How Money Changes Climate Debate - Scientific American

Searching for a reason major climate change legislation hasn't passed Congress yet?

You could do worse than start looking around Washington, D.C., with its endless think tanks, lobbying firms and trade groups, many of which have swung into action in the past to block such bills and stand ready to do so in the future.

A recent study published in the journal Climatic Change finds that much of the millions of dollars that funds these groups comes from secret sources, and a good portion of the rest is from publicity-shy conservative foundations and wealthy donors.

The groups, such as the American Enterprise Institute, Cato Institute and Heritage Foundation, and wealthy individual donors often espouse libertarian views that don't jibe well with giving the government more power to combat climate change.

That there's still a debate about whether climate change exists is not an accident. Conservative think tanks over the last two decades have consistently warned about the costs of addressing climate change and raised doubts in the minds of the public about the accuracy of the science behind it.



The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed Mar 5th, 2014 at 03:50:23 PM EST
[ Parent ]
Sea-level rise threatens UNESCO World Heritage sites -- ScienceDaily

Some of the world's most recognisable and important landmarks could be lost to rising sea-levels if current global warming trends are maintained over the next two millennia.

This is according to a new study, published today, 5 March, in IOP Publishing's journal Environmental Research Letters, that has calculated the temperature increases at which the 720 sites currently on the list of UNESCO World Heritage sites would be impacted by subsequent sea-level rises.

The Statue of Liberty, Independence Hall, Tower of London and Sydney Opera House are among the 136 sites that would be impacted if the current global warming trend continues and temperatures rise to 3°C above pre-industrial levels in the next 2000 years -- a likely and not particularly extreme scenario, according to the researchers.

Also impacted would be the city centres of Brugge, Naples, Riga and St. Petersburg; Venice and its Lagoon; Robben Island; and Westminster Abbey.

Lead author of the study Professor Ben Marzeion, from the University of Innsbruck, said: "Sea-levels are responding to global warming slowly but steadily because the key processes involved -- ocean heat uptake and melting continental ice -- go on for a long while after the warming of the atmosphere has stopped.



The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed Mar 5th, 2014 at 03:50:33 PM EST
[ Parent ]
Exposing RoundUp and Glyphosate: Humans are not `RoundUp Ready' : Natural Society

new study published in Pesticide Biochemistry and Physiology entitled, "The effect of metabolites and impurities of glyphosate on human erythrocytes (in vitro)", explains just how RoundUp chemicals are invading our human blood. It is so bad that few in the agricultural community will admit just how potent the combination of these chemicals truly is. They are contaminating our entire biosphere, and the continuation of GMO crops will only add to the growing toxicity levels since they require ever more use of weed-killers, herbicides, and pesticides to continue to be viable.

Just try to escape from glyphosate (N-(phosphonomethyl)glycine) - the main ingredient in Round Up, Monsanto's best selling poison. It is utterly toxic, in the parts per trillion range. Even infinitesimally small amounts of this stuff can cause cancer, inhibit proper endocrine function, cause birth defects, and inflict infertility upon unsuspecting women.

The weed-killer has been found in people's blood in 18 different countries, but glyphosate isn't the only problem. The `inactive' ingredients are just as harmful, making `RoundUp Ready' chemicals a toxic blood-venom none of us can ignore.



The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed Mar 5th, 2014 at 03:55:28 PM EST
[ Parent ]
U.S. Farmers Report Widespread GM Crop Contamination - Inter Press Service

WASHINGTON, Mar 3 2014 (IPS) - A third of U.S. organic farmers have experienced problems in their fields due to the nearby use of genetically modified crops, and over half of those growers have had loads of grain rejected because of unwitting GMO contamination.

Of U.S. farmers that took part in a new survey, the results of which were released on Monday, more than 80 percent reported being concerned over the impact of genetically modified (GM) crops on their farms, with some 60 percent saying they're "very concerned"."USDA has been extremely lax and, in our opinion, that's due to the excessive influence of the biotech industry in political circles." -- Organic farmer Oren Holle

The findings come as the U.S. Department of Agriculture (USDA) has taken the unusual step of extending the public comment period for a controversial study on how GM and non-GM crops can "coexist". During a major review in 2011-12, the USDA Advisory Committee on Biotechnology and 21st Century Agriculture (AC21) concluded that it lacked sufficient data to decide on the extent to which GM contamination was happening in the United States, or to estimate the related costs incurred by organic and other non-GM farmers.

The AC21 recommendations came out in November 2012 and were criticised for being weighted in favour of industry. Critics have subsequently seized on the USDA's decision to revisit those conclusions, and the new study, produced by an association of organic farmers and Food & Water Watch, a Washington advocacy group, aims to fill the committee's professed gaps.



The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed Mar 5th, 2014 at 03:58:06 PM EST
[ Parent ]
 LIVING ON THE PLANET 
 Society, Culture, History, Information 


The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed Mar 5th, 2014 at 03:22:26 PM EST
Baby born with HIV reported to be clear of virus after urgent treatment | Science | The Guardian

A baby born with HIV may have been cleared of the virus after doctors gave her treatment for the infection within hours of her birth.

Doctors gave the baby's mother anti-HIV drugs during labour to cut the risk of passing her HIV on, and began treating the baby four hours after she was born in suburban Los Angeles last April.

Sensitive blood tests suggested that the baby has been completely cleared of the virus, but the infection can hide in tissues and return. "We don't know if the baby is in remission ... but it looks like that," said Yvonne Bryson, an infectious disease specialist at Mattel children's hospital at UCLA who consulted on the girl's care.

Doctors revealed the case at an Aids conference in Boston on Wednesday.



The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed Mar 5th, 2014 at 03:36:16 PM EST
[ Parent ]
30,000 year-old giant virus found in Siberia -- ScienceDaily

A new type of giant virus called "Pithovirus" has been discovered in the frozen ground of extreme north-eastern Siberia by researchers from the Information Génomique et Structurale laboratory (CNRS/AMU), in association with teams from the Biologie à Grande Echelle laboratory (CEA/INSERM/Université Joseph Fourier), Génoscope (CEA/CNRS) and the Russian Academy of Sciences. Buried underground, this giant virus, which is harmless to humans and animals, has survived being frozen for more than 30,000 years. Although its size and amphora shape are reminiscent of Pandoravirus, analysis of its genome and replication mechanism proves that Pithovirus is very different. This work brings to three the number of distinct families of giant viruses.

It is published on the website of the Proceedings of the National Academy of Sciences in the week of March 3, 2014.

In the families Megaviridae (represented in particular by Mimivirus, discovered in 2003) and Pandoraviridae, researchers thought they had classified the diversity of giant viruses (the only viruses visible under optical microscopy, since their diameter exceeds 0.5 microns). These viruses, which infect amoebae such as Acanthamoeba, contain a very large number of genes compared to common viruses (like influenza or AIDS, which only contain about ten genes). Their genome is about the same size or even larger than that of many bacteria.



The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed Mar 5th, 2014 at 03:50:52 PM EST
[ Parent ]
'Game Face' Evolved as Plea for Help - Scientific American

Human children, but not chimpanzees, wear their determination on their faces, new research finds.

The study suggests that humans, as the more social and cooperative species, may have evolved to subconsciously signal a request for help using facial expressions.

"The likelihood is, in humans, that someone is going to help you, because we're an inordinately social species," said study researcher Bridget Waller, an evolutionary psychologist at the University of Portsmouth in the United Kingdom.

Faces of determination

Waller and her colleagues performed the same experiment on both human children (32 3-year-olds and 33 6-year-olds) and chimpanzees (ages 7 to 25). The researchers showed the subjects a transparent plastic box. For kids, the box contained a little toy. For chimps, it held a banana.



The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed Mar 5th, 2014 at 03:51:02 PM EST
[ Parent ]
The researchers showed the child or chimp how to open the box, but then secretly locked it, making the task impossible.

Maybe the Chimps don't need it given their lack of professional dicks?

by generic on Thu Mar 6th, 2014 at 07:30:58 AM EST
[ Parent ]
This appears to be hilariously wrong. What's the point of comparing human children and adult chimpanzees?

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Thu Mar 6th, 2014 at 07:43:30 AM EST
[ Parent ]
Passive smoking causes irreversible damage to children's arteries -- ScienceDaily

Exposure to passive smoking in childhood causes irreversible damage to the structure of children's arteries, according to a study published online today in the European Heart Journal.

The thickening of the arteries' walls associated with being exposed to parents' smoke, means that these children will be at greater risk of heart attacks and strokes in later life. The researchers from Tasmania, Australia and Finland say that exposure to both parents smoking in childhood adds an extra 3.3 years to the age of blood vessels when the children reach adulthood.

The study is the first to follow children through to adulthood in order to examine the association between exposure to parental smoking and increased carotid intima-media thickness (IMT) -- a measurement of the thickness of the innermost two layers of the arterial wall -- in adulthood. It adds further strength to the arguments for banning smoking in areas where children may be present, such as cars.

The study was made up of 2401 participants in the Cardiovascular Risk in Young Finns Study, which started in 1980, and 1375 participants in the Childhood Determinants of Adult Health study, which started in 1985 in Australia. The children were aged between three and 18 at the start of the studies. The researchers asked questions about parents smoking habits and they used ultrasound to measure the thickness of the children's artery walls once they had reached adulthood.



The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed Mar 5th, 2014 at 03:51:37 PM EST
[ Parent ]
Pope reveals he took his late confessor's cross
Pope Francis confessed Thursday that he took the rosary cross of his late confessor from his casket and wears it to this day in a fabric pouch under his cassock. He said he did so telling the late priest, "Give me half your mercy."

Francis made the revelation Thursday during an informal chat with Roman priests about the need to be merciful to their flocks.

by das monde on Thu Mar 6th, 2014 at 11:13:46 AM EST
[ Parent ]
ON THIS DATE


The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed Mar 5th, 2014 at 03:22:40 PM EST
1987 - The British ferry MS Herald of Free Enterprise capsizes in about 90 seconds killing 193.



The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman

by dvx (dvx.clt ät gmail dotcom) on Wed Mar 5th, 2014 at 03:25:30 PM EST
[ Parent ]
Such a great name. What could have gone wrong?
by afew (afew(a in a circle)eurotrib_dot_com) on Thu Mar 6th, 2014 at 02:57:33 AM EST
[ Parent ]
At least there were none of those pesky business-hatin' regulations about closing the water-level cargo-bay doors

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Thu Mar 6th, 2014 at 10:36:38 AM EST
[ Parent ]
 PEOPLE AND KLATSCH 


The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed Mar 5th, 2014 at 03:22:54 PM EST
Oscar Pistorius accused of firing gun in restaurant, trial hears | World news | The Guardian

Oscar Pistorius fired a gun in a crowded restaurant, and told a friend to take the blame because of the "media hype" surrounding him, a month before he shot his girlfriend, a court heard on Wednesday.

The testimony from a friend of the accused came as the prosecution in South Africa's high-profile murder trial opened a new line of attack, apparently seeking to portray Pistorius as irresponsible and trigger happy.

Kevin Lerena, a professional boxer who calls himself the KO Kid, said the incident happened at lunchtime on 11 January 2013 when he was with Pistorius and two friends, Darren Fresco and the British sprinter Martyn Rooney, at a restaurant in the upmarket Melrose Arch area of Johannesburg.

Fresco passed his gun to Pistorius under the table and told him there was a bullet in the chamber, Lerena said.



The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed Mar 5th, 2014 at 03:55:14 PM EST
[ Parent ]


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