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European Salon de News, Discussion et Klatsch - 31 December

by Fran Wed Dec 30th, 2009 at 04:31:48 PM EST

 A Daily Review Of International Online Media 


Europeans on this date in history:

1514 – Birth of Andreas Vesalius, an anatomist, physician, and author of one of the most influential books on human anatomy, De humani corporis fabrica (On the Workings of the Human Body). Vesalius is often referred to as the founder of modern human anatomy. (d. 1564)

More here and here

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 EUROPE 



En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma

by Carrie (migeru at eurotrib dot com) on Wed Dec 30th, 2009 at 11:21:42 AM EST
BALKANS: Serbs Bank on EU Laws to Regain Seized Property - IPS ipsnews.net
BELGRADE, Dec 29 (IPS) - Prominent theatre actor Tanasije Uzunovic loves to take long walks in the large Kalemegdan Fortress Park but generally avoids the Dedinje neighbourhood, a more popular green zone in the Serbian capital.

"Walking through Dedinje sets off bitter reminders,'' Uzunovic told IPS. Set into the neighbourhood is a huge villa, now the residence of the United States ambassador, that belonged to his grandfather Nikola before World War II.

Nikola Uzunovic was four times prime minister of what used to be the Kingdom of Yugoslavia. Today's Serbia was one of its parts, and Tanasije Uzunovic is one of 140,000 people who have filed requests for restitution of property seized by communists when they came to power in 1945.

"When the war ended, the communists gave this villa as a gift to the U.S., for the ambassador's residence. My family was left without anything from my grandfather who was proclaimed 'capitalist enemy of the state','' Uzunovic said. "We're waiting to see what happens next," he added.
by afew (afew(a in a circle)eurotrib_dot_com) on Wed Dec 30th, 2009 at 12:37:55 PM EST
[ Parent ]
White powder in envelope triggers Commons terror scare | Politics | guardian.co.uk

An envelope containing suspicious white powder was sent to the communities minister Shahid Malik at the House of Commons, triggering an anti-terrorist investigation, the Guardian has learned.

The letter, sent from within the UK, led to a major alert on Monday as it was intercepted by security screening staff who feared it held potentially deadly anthrax.

Comments on the envelope suggest it was sent by a supporter of the far right or someone purporting to be one.

Emergency procedures were activated and the powder was tested and found to be harmless. It is understood that the Speaker, John Bercow, and his most senior officials were kept fully informed.

Detectives are examining the envelope, the written comments and the postmark to try to trace the sender. They want to establish whether this is an isolated incident or the beginning of a campaign by criminal elements on the far right.



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 Dec 30th, 2009 at 12:43:42 PM EST
[ Parent ]
Dutch to Use Full-Body Scanners on Flights to U.S. - NYTimes.com

The major international airport of the Netherlands will begin using full-body scanners on passengers flying to the United States to prevent a recurrence of the security breach that allowed a would-be bomber to smuggle explosives onto a flight to Detroit from Amsterdam on Christmas Day, the Dutch authorities said Wednesday.

The new measures were announced as the Dutch interior minister discussed the government's early investigation into the thwarted bombing.

At a news conference at The Hague in the Netherlands the interior minister, Guusje Ter Horst, characterized preparations for the attack as professional but its execution as amateurish, according to The Associated Press.

"It is not exaggerating to say the world has escaped a disaster," Ms. Ter Horst said. Dutch officials said the accused bomber, Umar Farouk Abdulmutallab, a 23-year-old Nigerian, had raised no red flags as he arrived in Amsterdam from Nigeria and transferred to his Detroit-bound flight at Schiphol Airport. He arrived at 5:37 a.m. on Dec. 25, passed through security screening at a metal detector without setting off any alarms and departed for the United States at 8:55 a.m.



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 Dec 30th, 2009 at 12:48:13 PM EST
[ Parent ]
French discos can stay open all night under new rules | AFP via France24

Discotheques across France can now stay open until 7:00 am under new regulations that business leaders said Monday would liven up Paris and other French cities.

The measure seeks to harmonise closing hours for bars across France and cut down the number of party goers who drive from one area to the next in search of a place to spend the night on the dance floor.

The new rules published in the government gazette at the weekend state that any establishment that serves alcohol and has a dance floor can now stay open until seven in the morning.

But last call will be at 5:30 am, allowing for a one-and-half-hour "dry period" when no alcohol will be served.



La Chine dorme. Laisse la dormir. Quand la Chine s'éveillera, le monde tremblera.
by marco on Wed Dec 30th, 2009 at 01:41:44 PM EST
[ Parent ]
Bet the neighbours are gonna love that

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Thu Dec 31st, 2009 at 07:10:53 AM EST
[ Parent ]
It was already 7am in a number of places - this is just a rule to unify the setting, and avoid people moving from one disco to another in the early hours.

Discos are usually fairly isolated or, in Paris, well sound-proofed. If it reduce traffic in the 6am period, I would expect to be a minor plus for neighbors...

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Thu Dec 31st, 2009 at 07:27:39 AM EST
[ Parent ]
Yes. When I stayed in Luzern last time, I was kept awake from (I think) 3am to 4am by the people who left the disco when it closed and hung around talking on the street.
by gk (gk (gk quattro due due sette @gmail.com)) on Fri Jan 1st, 2010 at 03:28:14 AM EST
[ Parent ]
German court hands down life sentence in honor killing | Deutsche Welle 29.12.2009
A Kurdish man has been sentenced to life in prison for ordering the honor killing of his daughter. The girl's brother was also sentenced for his role in carrying out the brutal murder with the help of an accomplice.

<...>

Gulsum was murdered, a German court in Kleve found, because she was no longer a virgin. Judges said the young woman's lifestyle was seen as an affront to the family honor.

<...>

The court sentenced Gulsum's 20-year-old brother to nine-and-a-half years in prison. The brother allegedly lured Gulsum to get into a car with him before picking up a friend of his. The two men then drove Gulsum to a secluded spot near their western German home close to the Dutch border, choked her with a rope and clubbed her to death.

<...>

German authorities have vowed to crack down on so-called "honor killings" by Kurds, Turks and other ethnic groups. German authorities say there have been 55 honor killings over the last nine years.



La Chine dorme. Laisse la dormir. Quand la Chine s'éveillera, le monde tremblera.
by marco on Wed Dec 30th, 2009 at 01:46:39 PM EST
[ Parent ]
Retailers launch legal bid to ban flash mobs | Deutsche Welle 29.12.2009
German retailers say there is no room for flash mobs - large groups of people who assemble suddenly in a public place to perform an unusual action - when it comes to labor disputes.

... Judges recommended that store owners counter the spontaneous protests by closing their stores for a short time or banning participants from entering the premises.

But the HDE says that decision is both impractical and unfair.

"The people who suffer are customers who are not involved in the dispute," HDE labor expert Heribert Joeris told the Associated Press.

Joeris warned that the term 'labor dispute' would become disreputable if flash mobs were permitted to make a nuisance of themselves in retail outlets, or if store workers could only clear protesters from their premises by using physical force. ...



La Chine dorme. Laisse la dormir. Quand la Chine s'éveillera, le monde tremblera.
by marco on Wed Dec 30th, 2009 at 01:49:08 PM EST
[ Parent ]
ITALY'S WAR ON TAX EVASION NETS 7.5 BLN EUROS IN 2009 | ANSA
Italy's crackdown on tax evasion this year raked in a whopping 7.5 billion euros, a 7.5% increase over last year, the state tax collection agency Equitalia reported on Wednesday.

The amount of unpaid taxes uncovered in 2009, Equitalia observed, was greater than the impact of the government's 2010 budget and twice what the Treasury earned through its tax amnesty on assets hidden abroad.



La Chine dorme. Laisse la dormir. Quand la Chine s'éveillera, le monde tremblera.
by marco on Wed Dec 30th, 2009 at 02:02:19 PM EST
[ Parent ]
Now if they also cracked down on B's supporters.... </snark>

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed Dec 30th, 2009 at 09:30:41 PM EST
[ Parent ]
A PR plug for Equitalia. The larger picture is something else. No mention of the disastrous effects of the offshore tax amnesty, a clear invitation to evade taxation with impunity.
by de Gondi (publiobestia aaaatttthotmaildaughtusual) on Thu Dec 31st, 2009 at 01:37:10 AM EST
[ Parent ]
Police: At Least 4 Dead at Espoo Mall

3 men and a women were shot dead in a Finnish mall this morning, in a large grocery store. The gunman has been identified already, but not captured yet. Ibrahim Shkupolli is 'known to police'. He was dressed in black, very deliberately approached the group, shot them and then moved calmly out of the store. It sounds like a hit, maybe Russian/Georgian related.

You can't be me, I'm taken

by Sven Triloqvist on Thu Dec 31st, 2009 at 06:20:06 AM EST
[ Parent ]
5th victim found dead in apartment in same area - apparently the gunman's ex-wife.

You can't be me, I'm taken
by Sven Triloqvist on Thu Dec 31st, 2009 at 06:36:34 AM EST
[ Parent ]
I'm pleased you're safe. As soon as I heard about a shooting near helsinki I worried

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Thu Dec 31st, 2009 at 07:13:47 AM EST
[ Parent ]
You do realize the statistics were on his side...

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Thu Dec 31st, 2009 at 07:28:19 AM EST
[ Parent ]
Of course, but a bit of confirmation doesn't hurt.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Thu Dec 31st, 2009 at 08:31:16 AM EST
[ Parent ]
The odds also shorten slightly with my celebration of the Ukiyo. And thanks for caring...

You can't be me, I'm taken
by Sven Triloqvist on Thu Dec 31st, 2009 at 08:53:31 AM EST
[ Parent ]
There are far too many guns in Finland. I do not object to hunting rifles and shotguns (that form the bulk of legal gun ownership) - these are countryside tools. But I see no justification whatsoever for civilian handguns and support their banning. And any other automatic weapons.

You can't be me, I'm taken
by Sven Triloqvist on Thu Dec 31st, 2009 at 08:00:58 AM EST
[ Parent ]
Latest reports say gunman killed himself in own apartment. An 18 year relationship with the 5th victim had ended and resulted in a court ban on the man approaching the woman's apartment or place of work - which was the Prisma grocery store where the main shooing occurred.

You can't be me, I'm taken
by Sven Triloqvist on Thu Dec 31st, 2009 at 08:12:04 AM EST
[ Parent ]
 ECONOMY & FINANCE 


En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Carrie (migeru at eurotrib dot com) on Wed Dec 30th, 2009 at 11:22:12 AM EST
FT.com / UK / Politics & policy - Archives reveal Thatcher resolve on cuts

Details of how Margaret Thatcher berated her senior cabinet colleagues over their timid approach to spending cuts when she first came to power are revealed today in previously secret cabinet documents.

A series of tense cabinet meetings in July 1979 show the deep unease among some ministers after Geoffrey Howe, chancellor, outlined plans to save £6.5bn the following year despite rising unemployment and global recession.

The 30-year-old papers - consisting of ministerial letters and cabinet minutes - provide a stark history lesson for David Cameron as the Tory leader wrestles with how he would manage a far greater crisis in public finances if he wins an election next year.

The documents, released by the National Archives, show how Mrs Thatcher embarked on a personal crusade during the first weeks of her administration to make sure Sir Geoffrey did not flag in the face of resistance from fellow ministers. The papers are full of angry hand-written comments from the Iron Lady complaining "this will not do", "too small" and in one case just "no" heavily underlined.

She dismissed Treasury recommendations on public spending as "not nearly tough enough". She argued there was "enormous waste in most departments" and that "overall strategy right from the start must involve large cuts this year leading on to more substantial reductions in later years".



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 Dec 30th, 2009 at 12:46:09 PM EST
[ Parent ]
and reveals a considerable degree of blatant racism in her views as well.

the difficulty is that conservatives only know how to cut, but not how to invest. They destroyed the British manufacturing base, somehow believing that the City of London, defence manufacturers and N sea Oil could provide all that was necessary.

And when we elected a Labour majority in 97, a new set of conservatives carried on the same. now the oil is gone, the City has bankrupted us and the sales of lethal equipment to dodgy dictators has caused more problems than it's solved. So there's nothing left in the coffers and now we have the prospect of a conservative govt (of whichever party) coming in and cutting some more.

Thatcher may have been scum, but you could at least forgive her ignorance of the long-term consequences of her policies. No such excuse applies now, they do it out of indifference and a sprinkling of malice

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Thu Dec 31st, 2009 at 07:21:24 AM EST
[ Parent ]
Boeing May Lose $271 Million in Rocket Billings, Pentagon Says - Bloomberg.com

Dec. 29 (Bloomberg) -- Boeing Co., the U.S.'s second- biggest defense contractor, may lose as much as $271 million in government payments for satellite launch services if Pentagon auditors conclude it violated federal accounting rules, according to officials and documents.

The Defense Contract Audit Agency is reviewing whether Boeing "improperly billed" the Air Force in a 2006-2008 contract for labor, management, quality control and support costs that were incurred between 1998 and 2006 in the Delta IV rocket program, said Pentagon spokesman Navy Commander Darryn James. Federal accounting standards require the billings take place in the year the costs were incurred.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Wed Dec 30th, 2009 at 01:11:47 PM EST
[ Parent ]
The Cash Committee: How Wall Street Wins On The Hill

The question was simple: Should the lending practices of auto dealers be regulated?

It was already October and the 42 Democrats and 29 Republicans on the House Committee on Financial Services had spent the better part of the year hashing out the details of a new federal agency dedicated to protecting consumers from dangerous and deceptive financial products.

Auto dealers seemed like an obvious target for the new agency; nearly every time someone buys a car, the dealer also sells them an auto loan, complete with promises like zero per cent interest and a pile of cash back. Americans hold some $850 billion in car debt and dealers are responsible for marketing roughly four-fifths of that amount. They pocket lucrative commissions with little oversight, and the committee seemed poised to change that.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Wed Dec 30th, 2009 at 02:31:34 PM EST
[ Parent ]
The infusion, less than the $5.6 billion originally projected by the agency, includes $2.54 billion of trust preferred securities [i.e. interest bearing] and $1.25 billion of mandatory convertible preferred stock [i.e. warrants], Treasury said today in a statement. The government received warrants to buy more securities and plans to convert $3 billion of its existing preferred stock [i.e. interest bearing] into common [i.e. no dividend paying], boosting its stake to 56 percent from 35 percent. The U.S. will also name two more board members, according to the statement.

GMAC Chief Executive Officer Michael Carpenter is struggling to return the lender to profitability amid losses at home-mortgage operations including Residential Capital LLC, known as ResCap. Detroit-based GMAC, the primary lender to General Motors Co. and and Chrysler Group LLC, previously benefited from two rounds of U.S. aid totaling $13.5 billion.

Read more...

Possibly related GTFO:

29 Dec 2009, Detroit News
30 Nov 2008
11 Dec 2008
25 Dec 2008
30 Dec 2008
16 Oct 2009

Diversity is the key to economic and political evolution.

by Cat on Wed Dec 30th, 2009 at 06:32:59 PM EST
[ Parent ]
DTCC CDS trade information, ht Maury

Table 6, Top 1000 Reference Entities

GMAC Inc.: Gross Notional ($61B), Net Notional ($2.8B), Contracts (7,718)

...

Republic of Hungary: Gross Notional ($52B), Net Notional ($3.9B), Contracts (4,521)

Republic of Turkey: Gross Notional ($164B), Net Notional ($5.5B), Contracts (11,079)

...

Residential Capital LLC (ResCap): Gross Notional ($29B), Net Notional ($1.4B), Contracts (3,946)

etc

Diversity is the key to economic and political evolution.

by Cat on Wed Dec 30th, 2009 at 07:46:43 PM EST
[ Parent ]
The question was simple: Should the lending practices of auto dealers be regulated?
The defining feature of banks is not that they create money through credit, because many non-bank entities create credit on a daily basis. As Hyman Minsky put it, anybody can create money [as credit], the problem is to have it accepted.

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Carrie (migeru at eurotrib dot com) on Wed Dec 30th, 2009 at 08:13:55 PM EST
[ Parent ]
The autodealers are not the counterparties to the loans - they are agents receiving a commission.

As far as regulators are concerned whether the name is building society or bank is not the issue. It's whether or not it is a "credit institution" which creates credit = money and deposits on the basis of its capital.

The business of banking is in fact the provision of the implicit guarantee of borrowers' credit which is what ensures that it is accepted.

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Wed Dec 30th, 2009 at 08:44:54 PM EST
[ Parent ]
As far as regulators are concerned whether the name is building society or bank is not the issue. It's whether or not it is a "credit institution" which creates credit = money and deposits on the basis of its capital.

I think you got that backwards. When the regulators become concerned about a particular kind of credit creation, they impose capital constraints on the institutions that engage in it - or else they require that a regulated entity act as underwriter for the credit or otherwise back it with its capital. The insurance and reinsurance industry as well as, say, commercial paper backed by lines of credit from banks.

So, the question being posed is, should car loans be regulated?

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma

by Carrie (migeru at eurotrib dot com) on Thu Dec 31st, 2009 at 11:02:06 AM EST
[ Parent ]
Migeru:
So, the question being posed is, should car loans be regulated?

If it is auto dealers who give credit directly to customers then that has nothing whatever to do with regulation unless and until those loans are packaged up and sold on. The extent of such credit, and how the cars are financed which are purchased and sold on credit terms, should concern the shareholders of the autodealers, however.

If it is a credit institution - rather than a car manufacturer - who creates and provides the auto credit then how it does so, and the subsequent risk management, is a matter for banking regulators.

I am reminded of the many years of guerilla warfare between London Metal Exchange broker/dealers - who routinely allowed credit to clients in respect of margins on futures positions - and the regulators, who were spurred on by the banks to crack down, so that investment banks could take over the clearing of this lucrative market.

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Thu Dec 31st, 2009 at 11:38:46 AM EST
[ Parent ]
If it is auto dealers who give credit directly to customers then that has nothing whatever to do with regulation unless and until those loans are packaged up and sold on.

I am not sure. Even if the car loans all stay on the car manufacturer's books, they free up other assets. So the car loans increase the money supply whether they are securitised or not.

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma

by Carrie (migeru at eurotrib dot com) on Fri Jan 1st, 2010 at 07:11:23 AM EST
[ Parent ]
Chinese Drivers Fuel Czech Car Production In 2009 | WSJ

Thank you, China. Your consumers' hunger for European goods helped the Czech car industry fend off the blues and post its best-ever overall sales result in 2009.

<...>

... robust sales of Czech cars didn't come domestically, where deliveries rose a meager 3.7% on year in 2009 while annual domestic automotive production was down over 11%.

And despite a summer surge in sales of Czech cars in Germany due to that country's car scrapping subsidy, the lion's share of growth still comes from China, where Skoda Auto via parent Volkswagen has a production plant in Shanghai and produces cars locally.

Skoda Auto will release specific data on Chinese sales when it releases its 2009 financial results in early spring, but the Czech car maker in November said that in the year through October, it posted a 93% annual rise in Chinese sales, selling 95,679 cars there through Oct. 31.



La Chine dorme. Laisse la dormir. Quand la Chine s'éveillera, le monde tremblera.
by marco on Wed Dec 30th, 2009 at 03:48:34 PM EST
[ Parent ]

Total production of Czech cars rose over 11% annually this year, to a (tentative) record of 1.13 million cars, (...)

 the Czech car maker in November said that in the year through October, it posted a 93% annual rise in Chinese sales, selling 95,679 cars

So, Chinese sales, after doubling,  still represent just 10% of the sales...

What is China's real economic importance: its share in production, or its share in production increase ? And what does that tell us about the system's priorities? And how long will that hold?

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Thu Dec 31st, 2009 at 04:44:31 AM EST
[ Parent ]
Euro Zone Grapples With Debt Crisis - WSJ.com

After two years of crashing banking systems and economic recession, the euro zone enters 2010 with a full-blown debt crisis.

The European Commission warns that public finances in half of the 16 euro-zone nations are at high risk of becoming unsustainable.

<...>

Fitch warns in a December report that particularly the U.K. (which isn't in the euro zone) and Spain and France (which are) risk being downgraded if they don't articulate more-credible fiscal-consolidation programs during the coming year given the pace of fiscal deterioration. ...

<...>

... Not many Europe watchers believe the euro zone would allow one of its own to go into default, discrediting the euro currency and the philosophy of a monetary commonwealth behind it.

If things did get that far, euro-zone governments would be expected to rush in with a rescue plan to absorb some of Greece's debt, or issue guarantees.

As if to cover all possibilities, ECB legal counsel Phoebus Athanassiou in December discussed in a working paper how and under what conditions a euro-zone country might withdraw or be expelled from the currency union. ...

Major article, but doubt it answers the questions Jérôme posed in yesterday's Salon.

La Chine dorme. Laisse la dormir. Quand la Chine s'éveillera, le monde tremblera.

by marco on Wed Dec 30th, 2009 at 03:59:05 PM EST
[ Parent ]
[Europe.Is.Doomed™ Alert]

And we don't even realize! We need the free press from the land of freedom to tell us all about it!

by afew (afew(a in a circle)eurotrib_dot_com) on Wed Dec 30th, 2009 at 04:10:39 PM EST
[ Parent ]
Isn't it more significant that the spread on UK bonds is now as bad as the spread on Italian ones?


Gilts sell-off as Britain joins Italy in debt house

The cost of borrowing for the British Government has surged to within a whisker of Italian levels as global markets issue their punishing verdict on the Government's spending plans.

The yield on 10-year gilts spiked Wednesday to 3.97pc, 46 basis points higher than costs on French bonds. Britain and France were neck and neck as recently as last month, before Labour's pre-Budget report raised deep concerns among Chinese, Arab, and Russian investors about the credibility of British state.
But what has caught market attention is the narrowing gap with Italian bonds, once mocked as the symbol of an ill-governed nation in thrall to the Dolce Vita.

Yields on 10-Italian treasuries have been hovering just above 4pc despite the eurozone's Greek crisis, dropping as low as 3.98pc earlier this week.



In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Thu Dec 31st, 2009 at 04:38:23 AM EST
[ Parent ]
Oh look, markets are punishing governments again.

Isn't that special.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Thu Dec 31st, 2009 at 07:54:09 AM EST
[ Parent ]
I meant "major" in that it is relatively long, features an accompanying video, slide show, and "interactive graphics".  Also, while I did not check its placement on the print edition of the paper, it has been placed prominently on top of the "Europe" section of each of the U.S., European and Asian versions of the WSJ website since I first saw it yesterday (which probably explains why it has been the most read article in the European version of the website since I spotted it yesterday as well).

La Chine dorme. Laisse la dormir. Quand la Chine s'éveillera, le monde tremblera.
by marco on Thu Dec 31st, 2009 at 11:17:07 AM EST
[ Parent ]
The Guardian claims that city financiers toak about the acronym "PIGS", ie portugal, italy, Greece and Spain, as being the coutries likely to bear bad tidings in the coming year.

I have no idea the extent to which this is anglo-disease bias.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Thu Dec 31st, 2009 at 07:27:00 AM EST
[ Parent ]
Chinese oilsands takeover bid under review | Ottawa Citizen (2009.12.19)

Investment law says big deals must represent 'net benefit' for Canada

The Harper government is quietly reviewing the $1.9-billion investment by a state-owned Chinese oil company in two oilsands projects, more than a month after the deal was originally supposed to close.

In an exclusive interview on Friday, Industry Minister Tony Clement confirmed that the government is reviewing PetroChina's proposal to buy a 60-per-cent stake in two projects in northern Alberta planned by Athabasca Oil Sands.

<...>

Last September, the chair of the U.S.-China Economic and Security Review Commission said the PetroChina deal should raise national security concerns in both Canada and the U.S.

<...>

Under the guidelines, the department will review the "nature and extent" of control by the Chinese government, PetroChina's corporate governance and reporting practices, as well as whether the acquired projects will operate on a "commercial" basis.

A source familiar with the transaction said it's unknown when the deal will get the green light.



La Chine dorme. Laisse la dormir. Quand la Chine s'éveillera, le monde tremblera.
by marco on Wed Dec 30th, 2009 at 06:13:48 PM EST
[ Parent ]
PetroChina in $1.8 Billion Oil-Sands Acquisition | Bloomberg via BusinessWeek (2009.12.30)

PetroChina Co. (857) won the approval of the Canadian government for its C$1.9 billion ($1.8 billion) bid to buy a stake in two Alberta oil-sands projects, its biggest North American acquisition.

The purchase by China's largest oil company of a 60 percent share in Athabasca Oil Sands Corp.'s MacKay River and Dover oil- sands projects "is likely to be of net benefit to Canada," Industry Minister Tony Clement said in a statement yesterday.

Chinese oil companies have spent at least $13 billion on overseas assets since December last year as they take advantage of lower valuations caused by the economic slowdown. PetroChina has said it plans to boost acquisitions after paying at least $3.6 billion this year to buy Singapore Petroleum Corp., a stake in a Nippon Oil Corp. plant and a venture in Kazakhstan.

"Upstream crude oil assets that are for sale are hard to come by now, especially the big ones, so they can try to buy oil-sands projects," Grace Liu, an analyst with Guotai Junan Securities Co., said by telephone from the southern Chinese city of Shenzhen. "It's part of their strategy to expand overseas and diversify their portfolio."



La Chine dorme. Laisse la dormir. Quand la Chine s'éveillera, le monde tremblera.
by marco on Wed Dec 30th, 2009 at 06:18:38 PM EST
[ Parent ]
It would seem that the biggest concern should be environmental rather than "national security."

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed Dec 30th, 2009 at 09:48:19 PM EST
[ Parent ]
Yes, agreed. Any real expansion of these resources, barring some technology step change, will likely poison all of the water flowing from this region into Hudson Bay.

Plus where is all of the water going to come from ? There just isn't enough east of the Rockies for the expansion necessary to make this financially viable.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Thu Dec 31st, 2009 at 07:32:01 AM EST
[ Parent ]
Also from the Ottawa Citizen article:
The law requires that such takeovers represent a "net benefit" to Canada. According to the department's website, net benefit is assessed based on a number of criteria, including the effect on employment and other economic activity in Canada.

This seems eminently appropriate and a standard to which they have held US Steel. But I am unclear as to what is the concern that the projects "operate on a commercial basis". Are the Canadians concerned that China might proceed to develop oil sands even if the cost of the resultant oil would be above likely world market prices?

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed Dec 30th, 2009 at 09:57:54 PM EST
[ Parent ]
at Fort McMurray, the heart of the industry - or "housing shortage." Imagine the Chinese "doing a Dubai" and bringing in workers which they stuff 12 to a dormitory...

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Thu Dec 31st, 2009 at 04:48:49 AM EST
[ Parent ]
Costa Rica national stadium on schedule | The Costa Rica News

The 35,000-seat stadium in western San Jose has been under construction for eight months.

The U.S. has experienced nightmares when it has played World Cup qualifiers, never winning at Saprissa Stadium. So, a new venue certainly would be welcomed by the Americans.

The national stadium will have natural grass, Costa Rica Osvaldo Pandolfo told the Times.

"It has been decided that a natural grass field, as opposed to a synthetic one, would be more practical," he was quoted by the Times. "Not only is it some $400,000 cheaper, but it would suit a wider range of athletes."

Some 800 Chinese workers are building the stadium, which is financed by the Chinese government.



'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 Dec 31st, 2009 at 06:25:43 AM EST
[ Parent ]
Well, well! From "operate on a commercial basis" we get to importing an entire work-force, a la practices in the Saudi oil patch. But apparently the journalist was not sufficiently oblique! Thanks.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Dec 31st, 2009 at 11:09:15 AM EST
[ Parent ]
BBC News - Iceland approves new Icesave deal

Iceland's parliament has approved a bill to repay $5.4bn (3.8bn euros) to savers in Britain and the Netherlands.

The money will go to the British and Dutch governments, who partially compensated savers when the Icesave online bank failed.

More than 320,000 savers lost out when the bank collapsed in 2008.

The measure, narrowly approved against strong opposition, was seen as crucial to Iceland's bid to join the EU and rebuild its economy.

The bill was passed by 33 votes to 30. The Icelandic government had threatened to resign if the measure was rejected.

"Approving the bill is the better option and will avoid even more economic damage," Finance Minister Steingrimur Sigfusson said during the debate.

"History will show that we are doing the right thing."



"The future is already here -- it's just not very evenly distributed" William Gibson
by ChrisCook (cojockathotmaildotcom) on Wed Dec 30th, 2009 at 09:10:02 PM EST
[ Parent ]
On Goldman's (and Now Morgan Stanley's) Deceptive Synthetic CDO Practices  Yves Smith,  Naked Capitalism

Goldman is trying to diffuse the increasingly harsh light being turned on its dubious practices in the collateralized debt obligation market, with the wattage turned up considerably last week by a story in the New York Times that described how a synthetic CDO program called Abacus was the means by which Goldman famously went "net short" subprime. We've mentioned Abacus repeatedly because AIG wrote guarantees on at least some of the Abacus trades.

....

If you sell a stock when have inside, non public information that the company was in serious trouble without disclosing this information - you are likely to be held accountable. If you sell a manufactured product and it causes harm, you might be held liable regardless of whether you knew it was faulty (strict liability). In fact, if sellers were not held responsible for product quality to some degree, commerce would become impractical. In a pure "buyer beware", dog-eat-dog world, every transaction would require extensive and prohibitively costly due diligence.

Now let us turn to the CDO market (and by "CDO" we mean "ABS CDO" or "asset backed security CDO; there are other types), where buyers (contrary to uninformed views otherwise) DID routinely perform extensive due diligence, and nevertheless, lemming-like, went to slaughter. It wasn't just the investors or the now-derided guarantors; many banks wound up with lots of CDOs on their balance sheets (for not very good reasons, but that is beyond the scope of this post).

But then we have the famed short sellers who used synthetic CDOs as their means for getting short. With a synthetic CDO, no one puts up cash. It is a little corporate entity. The asset side is various credit default swaps, in this case, "referencing" mainly subprime bonds, the BBB tranches. So the cash flow comes from the premium payments on these CDS. The liability side is tranched, so you have an equity tranche, BBB, A, AA, and a junior AAA layers, then say two more AAA layers and the infamous super senior tranche (there could be more tranches than this, but you get the general idea). But the investors do not make cash payments; they are effectively protection sellers, or insurers. But it is important to note that is not how the deals were hawked; they were presented as a convenient, faster-to-launch alternative to the old-fashioned cash CDO. (This may seem like a distinction without a difference, but as you will see soon, it matters).

....

Now let us turn to Goldman. The New York Times last week published a story that discussed how a Goldman synthetic CDO program (series of deals) called Abacus. Goldman was not merely the structurer of these deals; unbeknownst to its investors, it was usually the ONLY protection buyer in these deals; it occasionally let some favored hedge funds participate in a minor way on the short side. In other words, the sole purpose of these deals was for Goldman to put on a short position.


Click on the link for the Morgan Stanley connection. I don't see how this story cannot have consequences.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Dec 31st, 2009 at 12:06:12 AM EST
[ Parent ]
Yves is arguing against the "caveat emptor" defense and the "sophisticated investor" defense and has some strogn arguments. But this is not one:


In the early days of the crisis, bottom fishers tried looking at CDOs and for the most part gave up on systematic evaluation. It would take too long and cost too much money to assess the value due to the complexity. Those factors were no less operative when the CDO was being launched. In other words, one could argue that the long investors, particularly the AAA investors, who were earning not-sexy spreads, would find it uneconomic to do old-fashioned, granular credit analysis. That isn't to say they didn't stress test them; in fact the monolines modeled them assuming six to eight grade downgrades, which was considered catastrophic for AAA paper. It never occurred to anyone that AAA paper could go to CCC. Why? That had simply NEVER happened before, in the absence of massive fraud.....until it happened on a very large scale, with CDOs.

There's two answers to that: one is that if you don't really know what you're buying, you shouldn't buy it (that's what the chairman of Santander said - and did - and what the more conservative players did, and they came out of the crisis better. The other answer is that these stress test are silly: taking into account ratings downgrades is not a stress test: if your underlying asset pool is home mortgages, you have to test movements in real estate prices and/or in the health of household balance sheets - and maybe go beyond "house prices have never dropped, nationally." More to the point, if you're a sophisticated investor, you SHOULD NOT RELY on ratings alone and do your own review.

Yves' argument that GS or MS were the sole counterparty to these deals (ie that they were doing massive bets in the other direction to what they were selling) is a lot more relevant I think; it is interesting to see that GS claims in its defense that its position was known; I'd suspect that this is where the legal fight is going to be...

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Thu Dec 31st, 2009 at 05:06:19 AM EST
[ Parent ]
I think you and Smith are saying essentially the same thing, in fact his attack on GS et al.' caveat emptor defense is more predicated on sufficient disclosure of their positions. I read the paragraph you quote (and in particular the following one) more as explaining why there were information  asymmetries in the market for synth CDOs - the buy side had limited upside and (under normal circumstances where real estate doesn't fall 40%) limited downside as well. So, less obvious pressure for fundamental due diligence, quant analysis and so forth.

Whereas on the sell-side, the upside was potential in the thousands of basis points, so much more justification for due diligence and quant analysis (the latter being what Goldman throw a lot of resources at, unbeknownst to the longs as it may be).

You are absolutely correct to point out that, at the point where not enough information was given on the underlying (as Smith details it), that would be a point for the longs to walk away from a deal whose risks they therefore couldn't possibly fully understand,  and Santander is smart and fortunate to have followed this strategy, though it is hard to see its fixed income products not suffering competitively for a couple of years because of it. Excellent long term thinking mostly absent, as we have seen, in Anglo-American banking.

The Hun is always either at your throat or at your feet. Winston Churchill

by r------ on Thu Dec 31st, 2009 at 07:07:41 AM EST
[ Parent ]
What I still wonder is how relevant the assymetry of information was. I mean, at heart this was a bet on the direction of the US housing market.

GS (prodded in that gave by hedgie Paulson (no relation to the then CEO of GS)) and many others could see that the market was going to tank - I mean, I spent most of 2005-2006 screaming about this on the basis of info found in articles in the FT and the Economist. When the majority of these products were sold, ie in 2007 and even later, the real estate market was already going down.

Which suggests that these "sophisticated investors" are not that good - triggering the question as to whether you really want them to handle your savings or, even more importantly, your pensions.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Thu Dec 31st, 2009 at 07:36:28 AM EST
[ Parent ]
in the US, the dominant narrative was still that the problem was in lower-rated mortgage debt, and even then I would think the dominant assumption would have been that even in those pools, the high tranches were still worth the high ratings they were getting.

Additionally as you know on the buy-side, there's an institutional herd mentality, because your performance is always gauged against a benchmark, and that benchmark reflected the dominant narrative. Even on the buy-side, we can be sure that people knew the jig would be up, it was simply a question of when...and an almost cardinal rule among them is you can't time a market, one of the fastest ways to get burned. And, even there, the upside for the longs to nailing the market timing was nowhere near the upside for the shorts even if they didn't get the timing right...as John Paulson showed.  

I too knew the jig was going to be up, on the same bases, but I confess to having completely underestimating the magnitude of the systemic risk that was being plowed into the market via these structured, synthetic vehicles and, as Smith mentions, there are probably less than 1000 people on the planet that could put all the pieces together. I'm not one of those 1,000...  

The Hun is always either at your throat or at your feet. Winston Churchill

by r------ on Thu Dec 31st, 2009 at 08:25:09 AM EST
[ Parent ]
Adding further, if you are long....well, nearly everyone else is long too...and very few longs understood fully the magnitude of what was going on...when it blows up, you are down, but against your benchmark, it's all relative...

And, this also partially explains the total lack of accountability in the aftermath, for all the masters of the universe who gave the rest of us in finance a bad name.

The Hun is always either at your throat or at your feet. Winston Churchill

by r------ on Thu Dec 31st, 2009 at 08:27:21 AM EST
[ Parent ]
A good banker is one who is wrong at the same time as others, not one who is right before the others.

Which is why I'm happy to be such a lonely vanguard on the offshore wind financing front: I'm not a "good banker"!

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Thu Dec 31st, 2009 at 09:31:45 AM EST
[ Parent ]
taking into account ratings downgrades is not a stress test

I beg to disagree. Ratings agencies are autonomous agents in the market, they have been given a systemically important position by successive conventional-wisdom regulations and they have shown themselves to be able to crash a company on nothing more than a rating downgrade. So rating agency risk should be considered.

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma

by Carrie (migeru at eurotrib dot com) on Thu Dec 31st, 2009 at 11:09:23 AM EST
[ Parent ]
So rating agency risk should be considered.
Perhaps more for the damage they might do to you than for the protection they might afford?

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Dec 31st, 2009 at 05:28:08 PM EST
[ Parent ]
ok, so it's a separate, additional risk.

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Fri Jan 1st, 2010 at 06:43:58 AM EST
[ Parent ]
 WORLD 


En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Carrie (migeru at eurotrib dot com) on Wed Dec 30th, 2009 at 11:22:44 AM EST
Al Jazeera English - Middle East - Israel 'approves W Bank structures'

Israel has approved a plan to promote the construction of 14 structures in northern settlement of Kiryat Netafim in the occupied West Bank, the Haaretz newspaper says quoting Army Radio.

The defence ministry on Tuesday approved the Kiryat Netafim construction plans to legalise the construction of 14 structures, the paper quoted the Radio as saying on Wednesday.

Peace Now, the leftists human-rights group, petitioned the High Court of Justice recently against the construction of 14 structures that were illegally built, some of them on Palestinian land without any authorisation.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Wed Dec 30th, 2009 at 12:23:38 PM EST
[ Parent ]
U.S. casualties reported at military base in Afghanistan - CNN.com

Kabul, Afghanistan (CNN) -- A suicide bomber struck a forward operating base in eastern Afghanistan on Wednesday, causing an unknown number of American casualties, a U.S. military official said.

A suicide bomber wearing an explosive vest attacked Forward Operating Base Chapman near the district of Khost in Khost province, said the official, who asked not to be named.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Wed Dec 30th, 2009 at 12:26:28 PM EST
[ Parent ]
POLITICS: U.S. Intelligence Found Iran Nuke Document Was Forged - IPS ipsnews.net
WASHINGTON, Dec 28 (IPS) - U.S. intelligence has concluded that the document published recently by the Times of London, which purportedly describes an Iranian plan to do experiments on what the newspaper described as a "neutron initiator" for an atomic weapon, is a fabrication, according to a former Central Intelligence Agency official.

Philip Giraldi, who was a CIA counterterrorism official from 1976 to 1992, told IPS that intelligence sources say that the United States had nothing to do with forging the document, and that Israel is the primary suspect. The sources do not rule out a British role in the fabrication, however.

The Times of London story published Dec. 14 did not identify the source of the document. But it quoted "an Asian intelligence source" - a term some news media have used for Israeli intelligence officials - as confirming that his government believes Iran was working on a neutron initiator as recently as 2007.

The story of the purported Iranian document prompted a new round of expressions of U.S. and European support for tougher sanctions against Iran and reminders of Israel's threats to attack Iranian nuclear programme targets if diplomacy fails.

U.S. news media reporting has left the impression that U.S. intelligence analysts have not made up their mind about the document's authenticity, although it has been widely reported that they have now had a full year to assess the issue.
by afew (afew(a in a circle)eurotrib_dot_com) on Wed Dec 30th, 2009 at 12:39:16 PM EST
[ Parent ]
I rather suspect the revelations of Iranian involvement in the kidnapping saga have similar sources and motivations.

Laughably, they are now saying that Iran is backing al-Qaeda in Yemen. Sadly an awful lot of people simply won't understand how idiotic that is.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Thu Dec 31st, 2009 at 08:27:18 AM EST
[ Parent ]
Fort Worth Star-Telegram: Iran hard-liners back government in mass rallies
Pro-government rallies were staged in Shiraz, Arak, Qom and Tehran, among other cities. Demonstrators at a rally in Tehran chanted "Death to Mousavi," a reference to opposition leader Mir Hossein Mousavi. Some shouted "Rioter hypocrites must be executed" and held up a banner that read: "We sacrifice our blood for the supreme leader."

The government gave all civil servants and employees a day off to attend the rallies and organized buses to transport groups of schoolchildren and supporters from outlying rural areas to the protests.

Hard-line cleric Ahmad Alamolhoda called opponents of Supreme Leader Ayatollah Ali Khamenei supporters of Satan.



En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Carrie (migeru at eurotrib dot com) on Wed Dec 30th, 2009 at 01:26:23 PM EST
[ Parent ]
I wonder how long it will be until we see similar things in the US once Palin is in the White House?

They tried to assimilate me. They failed.
by THE Twank (yatta blah blah @ blah.com) on Thu Dec 31st, 2009 at 05:28:37 AM EST
[ Parent ]
Sky News: Dozens Die In Double Iraq Suicide Bombing
Provincial governor Qassim Mohammed was seriously injured in the second bombing.

Al Iraqiya state television initially reported he had been killed in the attacks near the provincial government headquarters in Ramadi, the Anbar capital, 60 miles west of Baghdad.

But Deputy Governor Hikmet Khalaf later said Mr Mohammed was still alive and was being treated in hospital.



En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Carrie (migeru at eurotrib dot com) on Wed Dec 30th, 2009 at 01:27:51 PM EST
[ Parent ]
Taipei Times - archives
A Kyrgyz opposition journalist died yesterday after apparently being thrown from the sixth-floor window of an apartment in Almaty with his hands and feet bound with duct tape, officials said.

A Kazakh interior ministry spokesman said the journalist, Gennady Pavlyuk, had been in a coma since he was hospitalized after the incident last Wednesday and died without regaining consciousness, Interfax-Kazakhstan said.

In Bishkek, a Kyrgyz interior ministry spokesman told reporters that Pavlyuk, 40, had been admitted to hospital with multiple injuries, including broken ribs, and was found after the fall with his hands and feet bound with duct tape.

He was a leading critic of Kyrgyz President Kurmanbek Bakiyev and the officials in both countries said a criminal investigation had been opened into his death.

"There is a version that it is an attempted murder," the Kyrgyz ministry spokesman told reporters.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Wed Dec 30th, 2009 at 02:14:39 PM EST
[ Parent ]
It would appear that in order for the act of throwing him out a sixth floor window not to qualify as murder it would be necessary to show that he was subsequently murdered in the hospital.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed Dec 30th, 2009 at 10:16:09 PM EST
[ Parent ]
Informed Comment: Top Republican Myths about the Crotch Bomber Affair
Top Republican Myths about the Crotch Bomber Affair

I hear these on tv or from Reps. Pete Hoekstra and Peter King and Sen. Joe Lieberman.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Wed Dec 30th, 2009 at 02:17:06 PM EST
[ Parent ]
Informed Comment: Top Republican Myths about the Crotch Bomber Affair
1. President Obama did not speak publicly swiftly enough. In fact, Bush was silent for 9 days after the shoe bomber attack in 2001.

2. Bush would have tried Abdulmutallab as an enemy combatant. Well, he tried Richard Reid the shoe bomber in civilian courts.

3. Yemen is the issue. In fact, Yemen's government is actively bombing al-Qaeda cells, and complains that the US never shared its info on Umar Farouk Abdulmutallab with Sanaa.
by Bernard (bernard) on Wed Dec 30th, 2009 at 05:16:30 PM EST
[ Parent ]
Waddaya expect ? honesty from the faith-based/reality challenged ?

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Thu Dec 31st, 2009 at 08:35:03 AM EST
[ Parent ]
by Bernard (bernard) on Thu Dec 31st, 2009 at 08:59:04 AM EST
[ Parent ]
Uneasy Engagement - China, Willing to Spend, Wins a Trove of Afghan Copper - Series - NYTimes.com
KABUL, Afghanistan -- Behind an electrified fence, blast-resistant sandbags and 53 National Police outposts, the Afghan surge is well under way.

But the foot soldiers in a bowl-shaped valley about 20 miles southeast of Kabul are not fighting the Taliban, or even carrying guns. They are preparing to extract copper from one of the richest untapped deposits on earth. And they are Chinese, undertaking by far the largest foreign investment project in war-torn Afghanistan.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Wed Dec 30th, 2009 at 04:23:46 PM EST
[ Parent ]
Guardian [UK]: US plots retaliatory strikes against al-Qaida in Yemen over plane bomber
American officials say intelligence efforts are focused on identifying and tracking down those who plotted to put Umar Farouk Abdulmutallab on the plane with enough explosive in his underwear to bring down the Northwest Airlines flight from Amsterdam. But they warn that finding those responsible is unlikely to be swift and say that identifying other "high-value" al-Qaida targets for retaliatory attack would also be a priority.

...

The official acknowledged that there was likely to be political and public pressure on Barack Obama to strike back at al-Qaida, particularly with Republican opponents breaking with the usual solidarity on national security issues to accuse him of weakness and making America vulnerable to attack.

...

But given the regular attacks against al-Qaida in Yemen, these may have a greater impact on American public opinion than on the extremist group.



En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Carrie (migeru at eurotrib dot com) on Wed Dec 30th, 2009 at 04:37:32 PM EST
[ Parent ]
But there is a further complication.  The relevant Al Qaeda in Yemen is called "Al Qaeda in the Arabian Peninsula."  Is Al Qaeda in the Arabian Peninsula a branch of Al Qaeda, the organization that planned and executed the 9/11 attack and is therefore covered by the AUMF?  There are apparently contacts between the two Al Qaedas, but does that make them the same organization, or just two separate organizations that have--contacts?  What if the two Al Qaedas do not cooperate in any way; suppose that leaders of Al Qaeda in the Arabian Peninsula simply borrowed the name Al Qaeda, a kind of trademark violation intended to siphon off some of the reputational capital enjoyed by the original?  If so, the authority bestowed by the AUMF vanishes--poof!

Read more...

Possibly related news

same-store Al-Qaeda
EO 12425, INTERPOL
AUMF, War Powers, Gitmo USA
universal jurisdiction

Diversity is the key to economic and political evolution.

by Cat on Wed Dec 30th, 2009 at 05:42:47 PM EST
[ Parent ]
Christian Science Monitor: Yemen ties of Northwest bomber Umar Farouk Abdulmutallab test Guantanamo plans
The Obama administration's plans to shut down the Guantánamo Bay prison facility in Cuba are running into new challenges as information becomes available about the extent of Christmas bombing suspect Umar Farouk Abdulmutallab's ties to Yemen. Nearly half of remaining Guantánamo detainees are from Yemen.

...

The attempted Christmas Day attack is focusing more international attention on Al Qaeda activity in Yemen, much of which has been organized by former detainees from Guantánamo Bay, reports Al Jazeera. Two of its leaders have been linked to the US-run island prison: Abu al-Hareth Muhammad al-Oufi, a field commander, and Said al-Shihri, its deputy leader, who was transferred to Saudi custody and then released in 2007.

Yemen's allegedly growing Al Qaeda problem, and its long reach into the US, may begin to challenge to US plans to close the prison complex and resettling dozens of prisoners in their home countries.



En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Carrie (migeru at eurotrib dot com) on Wed Dec 30th, 2009 at 05:46:56 PM EST
[ Parent ]
Al Jazeer English: Al-Qaeda in the Arabian Peninsula
The group's deputy leader is believed to be Said Ali al-Shihri, a former prisoner at the United States' Guantanamo Bay detention facility, who was released from Saudi custody in 2007.

Abu al-Hareth Muhammad al-Oufi, another former Guantanamo detainee, has also been identified as a field commander for the group.

Experts say that al-Qaeda in the Arabian Peninsula comprises several hundred fighters. The group is said to have found sanctuaries among a number of Yemeni tribes, particularly in the eastern provinces.



En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Carrie (migeru at eurotrib dot com) on Wed Dec 30th, 2009 at 05:48:13 PM EST
[ Parent ]
I have come to respect As'ad Abu Khalil, so when he talks I listen.  However, he posted the following on his website without any further substantiation:
Question: And who has invited and hosted Al-Qa`idah terrorists in Yemen?
Answer: none other than staunch US ally, Yemeni dictator `Ali `Abdullah Salih.


"Beware of the man who does not talk, and the dog that does not bark." Cheyenne
by maracatu on Wed Dec 30th, 2009 at 09:28:50 PM EST
[ Parent ]
Allegedly the US has been running covert operations on Al Qaeda targets in Yemen for some time now. And the Yemeni government is also doing their part. Just like in Saudi Arabia or Pakistan, the US and its puppet Muslim regimes have created a monster and are now trying to contain it.

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Carrie (migeru at eurotrib dot com) on Wed Dec 30th, 2009 at 09:50:46 PM EST
[ Parent ]
I find fascinating how MSM aims the bullet of public opinion about Yemeni "rebel" greivances into the air over Saudi Arabia, swing producer par excellence. That is, one may suppose, to accommodate the totalizing story of Al-Qaeda terrorism around the world in which the US plays protagonist of security for all humankind. I find clumsy recent editorializing by US counter-terrorist flaks that attempts to enjoin the hapless CIA detainee and US military strategy in defense of Saudi Arabia's long-standing aggression toward Shiite neighbors --not easily associated by the American public with the Al-Qaeda franchise-- and Sunni financing.

Moreover, a persisting global variable, "Yemen conflict inflaming Saudi-Iranian rivalry," crowds out other input --such as UNICEF and Amnesty bulletins over the past decade-- needed by readers to evaluate the coherence of the tale of "Al Qaeda in the Arabian Pennisula" that now propells undeclared martial law in the US and elsewhere.

Be advised, however, IOZ quipped, "It's not an experiment, it's a fucking RFP! "

Possibly related input

History Guy, 1932 post-colonial trajectory
Nov 2009
Nov 2009
Sep 2009
Conflicts Forum, "Shiite axis" (of evil)

Diversity is the key to economic and political evolution.

by Cat on Thu Dec 31st, 2009 at 10:41:36 AM EST
[ Parent ]

The group's deputy leader is believed to be Said Ali al-Shihri, a former prisoner at the United States' Guantanamo Bay detention facility, who was released from Saudi custody in 2007.

Abu al-Hareth Muhammad al-Oufi, another former Guantanamo detainee, has also been identified as a field commander for the group.

Why is it that no one makes noise about terrorists released by Bush from Guantanamo? Didn't he obviously "weaken" US security there?

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Thu Dec 31st, 2009 at 05:09:35 AM EST
[ Parent ]
Veterans Today [US]: COULD TERROR WAR BE RESPONSE BY GOP AND ISRAEL AGAINST THREATS TO THEIR GLOBAL PLANS?
We do know a couple of things.  Dad, back in Nigeria, ran the national arms industry (DICON) in partnership with Israel, in particular, the Mossad.  He was in daily contact with them.  They run everything in Nigeria, from arms production to counter-terrorism.  Though Islamic, Muttalab was a close associate of Israel.  He has been misrepresented.  His "banking" is a cover.  Next, what do we know about the two Al Qaeda leaders Bush had released, the ones who planned this?

According to ABC news, the Al Qaeda leaders running the insurgency in Yemen were released from Guantanamo, although two of the highest ranking known terrorist there, without trial.

Guantanamo prisoner #333, Muhamad Attik al-Harbi, and prisoner #372, Said Ali Shari, were sent to Saudi Arabia on Nov. 9, 2007, according to the Defense Department log of detainees who were released from American custody.

Both of the former Guantanamo detainees are described as military commanders and appear on a January, 2009 video along with the man described as the top leader of al Qaeda in Yemen, Abu Basir Naser al-Wahishi, formerly Osama bin Laden's personal secretary.

With all the hoopla about trials in New York, not a word is said when top level terrorists are released to Saudi friends of the Bush family who let them go.  We are now fighting these two Bush friends in Yemen.  They are running a major insurgency there.  We have been using Cruise missiles and our jets to attack their bases in the last weeks.


En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Carrie (migeru at eurotrib dot com) on Wed Dec 30th, 2009 at 05:52:02 PM EST
[ Parent ]
It's a bit too close to "Jewish Conspiracy" for me. too pat. These guys have serially demonstrated they just ain't that bright.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Thu Dec 31st, 2009 at 08:42:20 AM EST
[ Parent ]
I'm thinking German government and Lenin during the first world war.

Letting some known troublemakers free had a significant chance of blowback or a scandal. Which would strengthen the need for extrajudicial detainment like Guantanamo.

Of course separating evil from incompetence is almost impossible when it comes to the Bush administration.

by Trond Ove on Thu Dec 31st, 2009 at 12:10:34 PM EST
[ Parent ]
Gee wizz...

particularly with Republican opponents breaking with the usual solidarity on national security issues to accuse him of weakness and making America vulnerable to attack.

Just a minute...

We aren't talking about the same "Republicans" under whose watch THIS BLUNDER occurred, now are we?

"Beware of the man who does not talk, and the dog that does not bark." Cheyenne

by maracatu on Wed Dec 30th, 2009 at 09:34:27 PM EST
[ Parent ]
But IOKIYAR

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Thu Dec 31st, 2009 at 08:43:23 AM EST
[ Parent ]
Independent - Patrick Cockburn - Threats to Yemen prove America hasn't learned the lesson of history

There is ominous use by American politicians and commentators of the phrase "failed state" in relation to Yemen, as if this some how legitimised foreign intervention. It is extraordinary that the US political elite has never taken on board that its greatest defeats have been in just such "failed states"', not least Lebanon in 1982, when 240 US Marines were blown up; Somalia in the early 1990s when the body of a US helicopter pilot was dragged through the streets; Iraq after the overthrow of Saddam Hussein; and Afghanistan after the supposed fall of the Taliban.
Yemen has all the explosive ingredients of Lebanon, Somalia, Iraq and Afghanistan
[....]
The US will get entangled because the Yemeni government will want to manipulate US action in its own interests and to preserve its wilting authority. It has long been trying to portray the Shia rebels in north Yemen as Iranian cats-paws in order to secure American and Saudi support. Al-Qa'ida in the Arabian Peninsula (AQAP) probably only has a few hundred activists in Yemen, but the government of long time Yemeni President Ali Abdulah Salih will portray his diverse opponents as somehow linked to al-Qa'ida.
In Yemen the US will be intervening on one side in a country which is always in danger of sliding into a civil war. This has happened before. In Iraq the US was the supporter of the Shia Arabs and Kurds against the Sunni Arabs. In Afghanistan it is the ally of the Tajiks, Uzbeks and Hazara against the Pashtun community. Whatever the intentions of Washington, its participation in these civil conflicts destabilises the country because one side becomes labelled as the quisling supporter of a foreign invader. Communal and nationalist antipathies combine to create a lethal blend.
[....]
It is extraordinary to see the US begin to make the same mistakes in Yemen as it previously made in Afghanistan and Iraq. What it is doing is much to al-Qa'ida's advantage. The real strength of al-Qa'ida is not that it can "train" a fanatical Nigerian student to sew explosives into his underpants, but that it can provoke an exaggerated US response to every botched attack. Al-Qa'ida leaders openly admitted at the time of 9/11 that the aim of such operations is to provoke the US into direct military intervention in Muslim countries.
In Yemen the US is walking into the al-Qa'ida trap. Once there it will face the same dilemma it faces in Iraq and Afghanistan. It became impossible to exit these conflicts because the loss of face would be too great. Just as Washington saved banks and insurance giants from bankruptcy in 2008 because they were "too big to fail," so these wars become too important to lose because to do so would damage the US claim to be the sole superpower.
[....]
But the danger of claiming spurious victories is that such distortions of history make it impossible for the US to learn from past mistakes and instead it repeats them by fresh interventions in countries like Yemen.



keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Thu Dec 31st, 2009 at 10:17:56 AM EST
[ Parent ]
13 state AGs threaten suit over health care deal  AP

COLUMBIA, S.C. - Republican attorneys general in 13 states say congressional leaders must remove Nebraska's political deal from the federal health care reform bill or face legal action, according to a letter provided to The Associated Press Wednesday.

"We believe this provision is constitutionally flawed," South Carolina Attorney General Henry McMaster and the 12 other attorneys general wrote in the letter to be sent Wednesday night to House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid.

"As chief legal officers of our states we are contemplating a legal challenge to this provision and we ask you to take action to render this challenge unnecessary by striking that provision," they wrote.
13 state AGs threaten suit over health care deal

In a rare Christmas Eve vote, Senate Democrats pushed sweeping health care legislation to the brink of Senate passage, crushing a year-end Republican filibuster against President Barack Obama's call to remake the nation's health care system. The 60-39 vote marked the third time in as many days Democrats posted a supermajority needed to advance the legislation.

The letter was signed by top prosecutors in Alabama, Colorado, Florida, Idaho, Michigan, North Dakota, Pennsylvania, South Carolina, South Dakota, Texas, Utah, Virginia and Washington state. All are Republicans, and McMaster and the attorneys general of Florida, Michigan and Pennsylvania are running for governor in their respective states.



"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed Dec 30th, 2009 at 10:50:34 PM EST
[ Parent ]
Afghan insurgents kill CIA agents, Canadians   Reuters

KABUL (Reuters) - Insurgents intensified their campaign against military targets and U.S.-led forces in Afghanistan, killing eight U.S. CIA agents at a base and four Canadian servicemen on patrol and a journalist accompanying them.

U.S. officials said the dead Americans -- killed in a suicide bombing on a military base in southeastern Khost province on Wednesday -- were CIA agents.

It was one of the highest foreign non-military death tolls in the eight-year war against the Islamist Taliban. The four Canadians and the journalist from the Calgary Herald were killed when their armored vehicle was hit by a bomb in southern Kandahar province on Wednesday, the Canadian Defense Ministry said.

The base in Khost province, Forward Operating Base Chapman, was engaged in reconstruction projects, a key part of U.S. President Barack Obama's strategy to stabilize the country. Some people were wounded in the explosion, defense officials said, but no U.S. or NATO troops were among them.

Asked whether the suicide blast occurred inside the base, one official said: "That's my understanding." Another senior official confirmed the attack involved an explosive vest.



"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed Dec 30th, 2009 at 11:02:46 PM EST
[ Parent ]
even if with the help of a Western newspaper photographer's camera.

Some Chinese Businesses Resist as Developers Seek Eviction - NYTimes.com

Last Thursday, as the temperature dipped well below zero, Mr. Lu and Ms. Qin recalled this and other skirmishes with their adversaries. As they spoke, a pack of grim-faced men in long dark coats circled the storefront, but then veered away when they found themselves receiving unwanted attention from a newspaper photographer.

In addition to Mr. Lu, Ms. Qin and her boyfriend, Zhong Boxin, the Fish Castle defenders include the restaurant's former cooks and waiters. Everyone slept on banquettes piled high with blankets. "I feel small and insignificant on this planet," Ms. Qin said quietly. "This is much more difficult than I imagined."

<...>

Whether it was superstition or an old-fashioned victory of good over evil, the battle over the Fish Castle Restaurant ended in Ms. Qin's favor. On Monday, she received a call from the developers, New Olympic Development, saying they hoped to strike a deal. Lawyers were summoned, papers were signed, full payment was guaranteed, and by Tuesday evening, the Fish Castle defenders had gathered up their blankets and abandoned their posts.

On Wednesday, Ms. Qin said she had already started looking for a new restaurant space. As for Mr. Lu, he said he hoped to continue fighting on behalf of other nail houses.

"Sometimes righteousness wins," Mr. Lu said.



La Chine dorme. Laisse la dormir. Quand la Chine s'éveillera, le monde tremblera.
by marco on Thu Dec 31st, 2009 at 02:03:10 AM EST
[ Parent ]
Some Chinese Businesses Resist as Developers Seek Eviction - NYTimes.com

Chinese newspapers are filled with stories of battles involving so-called nail houses, the properties whose owners and occupants are like deeply embedded spikes that refuse to give way to redevelopment juggernauts. As an unceasing real-estate boom has swept the nation, much of it orchestrated by the local governments that benefit from soaring land values, property owners and occupants often protest unfair compensation.

A standoff ensues. Shady men are dispatched. Goliath rarely loses.

Sometimes the clashes end tragically, as they did for five people who in recent months set themselves on fire rather than yield to the demolition crews. One woman, a 47-year-old business owner in Chengdu, died last month after pouring gasoline over her head and igniting it.

The article reporting that desperate act of defiance and resistance is worth quoting:

Furor over suicide from demolition | China Daily (2009-12-03 09:31)

Before Tang set herself on fire, she kept asking Zhong's men, who had started dismantling the building, to withdraw and allow for one more negotiation.

She threatened that she would burn herself otherwise, onlookers said.

Instead of withdrawing, some men broke three steel doors and carried cudgels to the top of the building where Tang's relatives hid.

The sound of fighting and the crying of women and children ensued, said Deng Youde, a neighbor.

Wei Jiao, the wife of Tang's nephew, said Zhong's men with helmets and shields used cudgels to beat everyone they came across.

"They snatched my 1-year-old baby and kicked me several times," she said.

In the mayhem, Tang, who had become desperate while hiding in the attic, ignited the gasoline on her body, Deng said.

According to Chinese law, court officials, not district government officials, are responsible for forcible demolitions, said Liu Yajun, a lawyer in Beijing.



La Chine dorme. Laisse la dormir. Quand la Chine s'éveillera, le monde tremblera.
by marco on Thu Dec 31st, 2009 at 02:08:15 AM EST
[ Parent ]
 LIVING OFF THE PLANET 
 Environment, Energy, Agriculture, Food 


En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Carrie (migeru at eurotrib dot com) on Wed Dec 30th, 2009 at 11:24:28 AM EST
Fat intake does not affect weight gain
Despite the general belief, the percentage of calories gained by eating fat, as opposed to protein or carbohydrates, does not influence the weight gain process.

Dietitians generally recommend individuals to confine their fat intake to 20 to 35 percent of the total daily calories, urging them to substitute saturated and trans-fats by eating fish, nuts and vegetable oils as they contain healthy fats.

According to a study published in the American Journal of Clinical Nutrition, there is no significant relation between fat intake and the amount of weight gained over time.

The study found the intake of polyunsaturated fats versus saturated fats was also not linked to any considerable changes in weight.


Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Wed Dec 30th, 2009 at 12:28:27 PM EST
[ Parent ]
they probably compensate for the missing fat with sugar and carbs.

'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 Dec 31st, 2009 at 06:35:39 AM EST
[ Parent ]
AGRICULTURE: Cattle 'Black Death' Banished to History - IPS ipsnews.net
ROME, Dec 27 (IPS) - An animal 'black death' that has devastated livestock around the world for thousands of years, causing famine and untold human misery, is about to be permanently consigned to the history books.

The United Nations Food and Agriculture Organisation (FAO) is confident that rinderpest is beaten after being at the centre of efforts to wipe out a disease that had seemed unstoppable for much of the 20th century and it expects the official declaration of its extinction to arrive next year.

Rinderpest is a virus affecting cattle, buffalo, yaks and hoofed wild animals that spreads through contact and contaminated materials and has death rates during outbreaks of up to 100 percent.

Although humans cannot contract the fast-spreading disease, also known as cattle plague, its effects on sources of food and income mean it has frequently been as lethal for people as for animals.
by afew (afew(a in a circle)eurotrib_dot_com) on Wed Dec 30th, 2009 at 12:36:37 PM EST
[ Parent ]
Russia planning to save Earth from Asteroid impact | International Space Fellowship

Roscosmos will soon consider a project to prevent a large asteroid from colliding with Earth after 2030, the head of Russia's space agency said on Wednesday.

"A scientist recently told me an interesting thing about the path [of an asteroid] constantly nearing Earth... He has calculated that it will surely collide with Earth in the 2030 s," Anatoly Perminov said during an interview with the Voice of Russia radio.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Wed Dec 30th, 2009 at 12:38:01 PM EST
[ Parent ]
Does  this    mean ... Europe Is Doomed ?

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Thu Dec 31st, 2009 at 08:47:11 AM EST
[ Parent ]
Constitutional court rules Sarkozy's carbon tax unfair | AFP via France24
French President Nicolas Sarkozy faced an embarrassing setback Wednesday after the high court struck down a planned carbon tax to fight global warming, just days before it was to kick in.

<...>

In its ruling Tuesday, the Constitutional Council said the "large number of exemptions from the carbon tax runs counter to the goal of fighting climate change and violates the equality enjoyed by all in terms of public charges."

The Council said more than 1,000 of France's top polluters would have been able to dodge the tax and that the legislation did not apply to 93 percent of emissions from industrial sources.

The new levy on oil, gas and coal consumption set at 17 euros (25 dollars) per tonne of carbon dioxide emissions was aimed at encouraging French consumers to adopt good green behaviour and stop wasting energy.

<...>

France would have been the biggest economy to have applied a direct carbon tax when it was to come into effect on January 1, mirroring measures that exist in Sweden, Denmark and Finland. ...



La Chine dorme. Laisse la dormir. Quand la Chine s'éveillera, le monde tremblera.
by marco on Wed Dec 30th, 2009 at 01:37:42 PM EST
[ Parent ]
Typical Sarkozy's "bait and switch" M.O.

His policy has consistently been to transfer the bulk of the tax burden from the wealthier 1% of the French population (where his personal BFF are) to the middle class, while at the same time launching massive distraction campaigns: train drivers were the villains du jour in 2007, the bankers and their fat bonuses in 2008 (but nothing bad happened to them, don't worry) and now in 2009, with local government elections looming over in March of 2010, it's again the brown hordes supposedly threatening France's National IdentityTM...

This carbon tax scheme was supposed to somehow replace the "taxe professionelle" payed by all businesses operating in France. Except that it would be paid only by individual taxpayers while all industries (and biggest polluters) would be exempted. Nice, heh?

Interesting point is that now fingers are being pointed squarely at Sarkozy and all comments are highlighting this fiasco as Sarko's personal failure. Even his own camp, the UMP party, is starting to see the president as less of an asset and more of a liability.

Having successfully neutered his opposition (the PS party), it is only logical that Sarko's undoing eventually comes from his own machine.

(see also: Nicolas Sarkozy and the Great 2010 Tax Swindle)

by Bernard (bernard) on Wed Dec 30th, 2009 at 05:40:09 PM EST
[ Parent ]
shooting himself in the foot...sometimes on policy, sometimes on personality (self-aggrandizement via the Berlin Wall episode) and sometimes on pure lack of personal good sense (attempted elevation of son to post he was unqualified for, revealing poor personal judgment that reminds a bit of his sordid divorce story early on which everyone seems to have forgot).

It piles on, and there are roughly two more years for him to accumulate more gaffes.

Unfortunately, there is no credible (in the eyes of the public) opposition from the left, and while you are right that le petit nicolas, with able help from his friends in the media, have succesfully limited the PS' ability to get out a message (if they had a unified message, that is) a lot of that party's weakness is their own doing. It's not just the very public Royal/Aubry fued, left-over Royal/Hollande tensions or back-stabbing by eminent members of the party. Even when they have a winning message and a promising potential candidate, the bobo squad quickly comes out with the long knives...

PS woulnds are, unfortunately, more often than not self-inflicted.

At this point, the only hope on the "left," would appear to be DSK, ifhe deigns to run, and assuming he can get to a second round...but it's true there are two years for something to happen...  

 

The Hun is always either at your throat or at your feet. Winston Churchill

by r------ on Thu Dec 31st, 2009 at 10:50:55 AM EST
[ Parent ]
DSK being reputed for being "on the right of the left", it tells a lot about the sad state of the French left just about now...
by Bernard (bernard) on Thu Dec 31st, 2009 at 07:15:21 PM EST
[ Parent ]
...he could be Obama.

The Hun is always either at your throat or at your feet. Winston Churchill
by r------ on Fri Jan 1st, 2010 at 05:51:04 AM EST
[ Parent ]
Pressure rises to stop antibiotics in agriculture  AP

FRANKENSTEIN, Mo. - The mystery started the day farmer Russ Kremer got between a jealous boar and a sow in heat. The boar gored Kremer in the knee with a razor-sharp tusk. The burly pig farmer shrugged it off, figuring: "You pour the blood out of your boot and go on."

But Kremer's red-hot leg ballooned to double its size. A strep infection spread, threatening his life and baffling doctors. Two months of multiple antibiotics did virtually nothing. The answer was flowing in the veins of the boar. The animal had been fed low doses of penicillin, spawning a strain of strep that was resistant to other antibiotics. That drug-resistant germ passed to Kremer.

Like Kremer, more and more Americans -- many of them living far from barns and pastures -- are at risk from the widespread practice of feeding livestock antibiotics. These animals grow faster, but they can also develop drug-resistant infections that are passed on to people. The issue is now gaining attention because of interest from a new White House administration and a flurry of new research tying antibiotic use in animals to drug resistance in people.

Researchers say the overuse of antibiotics in humans and animals has led to a plague of drug-resistant infections that killed more than 65,000 people in the U.S. last year -- more than prostate and breast cancer combined. And in a nation that used about 35 million pounds of antibiotics last year, 70 percent of the drugs went to pigs, chickens and cows. Worldwide, it's 50 percent.

"This is a living breathing problem, it's the big bad wolf and it's knocking at our door," said Dr. Vance Fowler, an infectious disease specialist at Duke University. "It's here. It's arrived."


70% seems low, but I am glad to see a number put on the percent of anti-biotic use in farm animals.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed Dec 30th, 2009 at 11:13:35 PM EST
[ Parent ]
Stand by for another round of anti-science propaganda.  The US food industry simply can't continue to exist if antibiotics are banned from animal feed.

She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre
by ATinNM on Wed Dec 30th, 2009 at 11:55:23 PM EST
[ Parent ]
Yeah, it adds from 1 to 3% to the total growth to market. That is well worth tolerating multiply drug resistant bacteria amongst humans. And animal sales make pharmaceutical sales to the human drug market a 100% profit business for some drugs. It is not just agri-business but the whole pharmaceutical business as well that will be endangered by such wild ideas. Who knows, they might have to abandon the entire food lot method and meat prices might rise 10-50%.  How do the Europeans manage without antibiotics?

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Dec 31st, 2009 at 02:05:06 AM EST
[ Parent ]
there will be huge savings in the healthcare needed to clean up the messes caused by antibiotic-laden meat.

Frankenstein.... you just empty your boot of blood and keep going...

can't make it up

'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 Dec 31st, 2009 at 06:40:58 AM EST
[ Parent ]
Farmers and ranchers are a tough lot, but not as tough as some of these new bugs.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Dec 31st, 2009 at 10:49:03 AM EST
[ Parent ]
Panel issues Mackenzie natural gas report

CALGARY, Alberta - A nearly decade-long quest to build a multibillion-dollar natural gas pipeline in Canada's north has cleared a major hurdle with the release of a years-overdue regulatory report Wednesday.

The government-appointed panel examining the environmental and socio-economic effects of the 16.2 billion Canadian dollar ($15.4 billion) Mackenzie Gas Project said it will "provide the foundation for a sustainable northern future" if the panel's 176 recommendations are adopted.

The Mackenzie Gas Project is a 750-mile proposed pipeline through the Mackenzie Valley of Canada's Northwest Territories that would connect a dozen potential northern onshore gas fields with North American markets. The Joint Review Panel's recommendations include calls for government funding to protect environmentally sensitive areas.

Canada's National Energy Board will begin its own hearings in April, taking the panel's recommendations into consideration when it decides whether to let construction go ahead.

Imperial Oil Ltd. is the lead partner in the Mackenzie project, which also includes Imperial's U.S. parent Exxon Mobil Corp., ConocoPhillips and Royal Dutch Shell PLC. Natural gas shipper TransCanada Corp. would feed the Mackenzie gas into its Alberta pipeline network.



"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed Dec 30th, 2009 at 11:23:26 PM EST
[ Parent ]
 LIVING ON THE PLANET 
 Society, Culture, History, Information 


En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Carrie (migeru at eurotrib dot com) on Wed Dec 30th, 2009 at 11:24:53 AM EST
Tehran exhibits Mir Emad calligraphies
Tehran's Sa'adabad Cultural Complex has mounted an exhibition of works by renowned Iranian calligrapher Mir Emad.

The month-long exhibition has displayed nine of Mir Emad's best works at Sa'adabad's Museum of Fine Art since Dec. 19, 2009.

Mir Emad is known as the most celebrated Persian calligrapher, whose Nasta'liq works have been housed in numerous museums around the world.


Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Wed Dec 30th, 2009 at 12:27:58 PM EST
[ Parent ]
Mars Polar Lander wreck may be hidden in plain sight: Scientific American Gallery
A Mars-bound lander that disappeared 10 years ago and has yet to be found may be hidden in an image such as this. Mission controllers lost contact with the Mars Polar Lander (MPL) in December 1999 as the probe descended toward the Martian surface. A review board later determined that a premature shutdown of the descent engines, while the lander was still 40 meters above the surface, probably caused the loss of MPL.


Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Wed Dec 30th, 2009 at 01:06:09 PM EST
[ Parent ]
Solar observer still kicking - RT

The Russian scientific satellite Coronas-Foton has started transmitting signal after staying silent for several weeks.

The satellite, which was feared to have gone dead, sprung to life on Tuesday after its solar panels received enough light to power its control systems, head of Russian space agency, Anatoly Perminov, told journalists.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Wed Dec 30th, 2009 at 01:09:01 PM EST
[ Parent ]
John Rentoul - Vocab test
Back, as promised, to John Arlidge's profile of Tony Blair in The Sunday Times before Christmas. Not all its 6,000 words were original. One particularly pithy quotation caught my eye, as it did the first time it was used, by David Rose in the Mail on Sunday in November:


Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Wed Dec 30th, 2009 at 02:25:50 PM EST
[ Parent ]
BBC | Nasa picks three in space contest

The US space agency Nasa has selected three projects as finalists for its next celestial mission.

The projects aim to either probe the atmosphere and surface of Venus, return an asteroid fragment to Earth, or send back rocks from the Moon's south pole.

by Sassafras on Wed Dec 30th, 2009 at 03:07:26 PM EST
[ Parent ]
Top Editors Including Birnbaum Leaving Wash Times | TPM LiveWire

Washington Times Managing Editor for Digital Jeffrey Birnbaum has resigned effective Friday, and several other top editors are being let go as the dismantling of the conservative newspaper continues, according to newsroom sources.

An all-staff meeting has been called for 3:30 p.m. ET at the struggling Times, which announced earlier this month it is laying off at least 40 percent of its staff.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Wed Dec 30th, 2009 at 03:40:04 PM EST
[ Parent ]
Further, the paper is removing its entire sports section from Friday, thats got to knock a large hole in their circulation.

Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Wed Dec 30th, 2009 at 05:32:24 PM EST
[ Parent ]
White House Releases Name Of Every Visitor For First Time Ever | TPMDC

Fulfilling one of the transparency goals of President Obama's administration, the White House today released more than 25,000 records of visitors who came through the gates at 1600 Pennsylvania Avenue this year.

Check out the names here, and TPMDC will update readers as we go through the names.

The spreadsheet posted at WhiteHouse.gov offers the visitor's full name, date of visit, who they met with and in what room. These records cover from Sept. 16 to Sept. 30, and the monthly visitors logs will be a regular release going forward.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Wed Dec 30th, 2009 at 03:46:56 PM EST
[ Parent ]
AFP: 76 journalists killed in 2009: watchdog
"Wars and elections have been the main threats to journalists in 2009", said Jean-Francois Julliard, secretary general of the watchdog group (Reporters sans frontieres - RSF).

"Violence committed against journalists pre- or post-election have been especially high in 2009 in countries with weak democracies."

The year also saw an increase in the number of journalists kidnapped (33 compared with 29 in 2008) and physically attacked or threatened (1,456 compared with 929) and more bloggers were censored (151 in 2009 against 59 in 2008).



En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Carrie (migeru at eurotrib dot com) on Wed Dec 30th, 2009 at 04:33:40 PM EST
[ Parent ]
Paying homage to music at the Church of Beethoven -- latimes.com
It is a church without preaching, and without prayer.

At its Sunday morning services there is something spiritual, all right, but it doesn't have to do with Allah, or Buddha, or God.

Instead, it comes from music, from passionate renditions of works composed by Brahms and Bach and, of course, Beethoven -- for whom the church is named.

Each week the Church of Beethoven's musical performances draw a committed group of art-loving locals.

The service, which also features poetry, visual art and other types of music, is at home in Albuquerque, a city known for its eccentricities (its nickname: Albu-quirky) as well as for being a crossroads of culture.


Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Wed Dec 30th, 2009 at 06:55:25 PM EST
[ Parent ]
i love it, the One True Religion finally emerges!

'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 Dec 31st, 2009 at 06:44:00 AM EST
[ Parent ]
Border Agency and Cardiff fail on FoI reviews * The Register

The Information Commissioner's Office has ordered two public bodies to improve the way they deal with internal reviews

It has issued practice recommendations to both the UK Border Agency (UKBA) and Cardiff Council over internal reviews, which someone refused data under Freedom of Information can require. Such reviews normally precede a formal complaint to the Information Commissioner's Office (ICO) about an FoI refusal.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Wed Dec 30th, 2009 at 07:13:38 PM EST
[ Parent ]
Imprisoned, Attacked & Dead Bloggers Increases Worldwide in 2009

According to a report released today [PDF] by Reporters Sans Frontières, the number of bloggers around the world arrested because of their online work jumped from 59 to 151 between 2008 and 2009, an increase of 155%. Additionally, one blogger died in prison and 61 were physically assaulted. The most infamous cases perhaps occurred during the violent unrest in Iran following Mahmoud Ahmadinejad's disputed reelection. But RSF said the number of overall arrests and attacks can actually be traced to crackdowns in at least 10 countries.

"The number of countries affected by online censorship has doubled from one year to the next - a disturbing tendency that shows an increase in control over new media as millions of netizens get active online," said Lucie Morillon, head of the group's Internet and Freedoms Desk.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Wed Dec 30th, 2009 at 07:22:12 PM EST
[ Parent ]
 PEOPLE AND KLATSCH 


En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Carrie (migeru at eurotrib dot com) on Wed Dec 30th, 2009 at 11:25:30 AM EST
*PICS* The Decay Detroit | Official Illmatic Blog | Illmatic News and Celebrity Blogs | Global Grind
Nearly a third of Detroit's homes are vacant, and along with the residences, the city's stately hotels and cultural centers have been abandoned as well, falling into dramatic disrepair, their grand ruins still showing the promises of a once-booming city.


Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Wed Dec 30th, 2009 at 12:48:37 PM EST
[ Parent ]


In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Thu Dec 31st, 2009 at 05:17:26 AM EST
[ Parent ]
Detroit has been disintegrating since the oil shock of the '70s, birth of OPEC. That is no exaggeration. That ruin pictured above is 30 years old; it did not spring from federal "nationalization" of GM and Chrystler in 2008.

Michigan's economy, concentrated in Wayne County, was dependent on monoline enterprise for 100 years. Remember that when you come across anti-union screeds in the innerboobz that blame the assembly line for corporate debt. Those persons haven't the foggiest idea what they're writing about.

Diversity is the key to economic and political evolution.

by Cat on Thu Dec 31st, 2009 at 11:17:59 AM EST
[ Parent ]
It's taken awhile but over the last 3 months I've come to deeply believe RW "intellectuals" (sic) are only interested in being the mouthpieces, toadies, and lackies of the Corporate Ruling Class.  To be a successful mouthpiece, toady, and lacky means using psychological persuasion techniques up to and including propaganda with the first casualty being their own adherence to Truth and a seeking for such.

She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre
by ATinNM on Thu Dec 31st, 2009 at 11:44:36 AM EST
[ Parent ]
I type about Detroit with some confidence, because I grew up there during the time to which I refer. Whatever further knowledge of industrial, sociological, and political topographies I have acquired since is icing on my cake.

I rigorously doubt --for reasons beyond the scope of this comment-- any other mouthpiece who is parroted or parroting can make the same claim. To be fair, I admit, I seldom make reference to the pusillanimous responses of Big 3 management to the Nixon Shock either; so maybe my earnest perspective is on its face incredible.

Speaking of a RW group or class of people, I'm afraid I've not gotten much further into The Authoritarians (178pp to go), but on this much  innerboobz commentary about it I will remark: Inappropriate invocation of the Pareto Principle may be harmful to one's mental health and may result in blindness.

For example, did you intend to say "RW 'intellectuals' (sic) are only interested in being the mouthpieces, toadies, and lackies of the Corporate Ruling Class" because these persons are asspirational members of the field on which the 20% graze? They sacrifice the Truth, say you.

But since my understanding of truth is agreement, I would say, these persons are already hind members of the 20% cash cow and have sacrificed nothing, that I can see, except perennial ravages of the elements and "almost infinite diversity of its appearances."

Arendt wrote that in The Life of the Mind. Pretty turn of phrase isn't it?

Diversity is the key to economic and political evolution.

by Cat on Thu Dec 31st, 2009 at 01:06:55 PM EST
[ Parent ]
Don't know their psychology so I hesitate to assign motivation(s).  I can disdain them solely on the basis of observable phenomena.

;-)

BTW, thanks for reminding me of The Life of the Mind.  I need to re-read it.


She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre

by ATinNM on Fri Jan 1st, 2010 at 02:23:47 PM EST
[ Parent ]
Telegraph | Abortions delay Messiah's arrival, Israel's chief rabbis say

In a letter to Israel's faithful, Yona Metzger, the Ashkenazi chief rabbi, and his Sephardic colleague Shlomo Amar, said the country's high rate of terminations cause a "delay [of] the messianic redemption," according to a report on the Ynetnews website.
by Sassafras on Wed Dec 30th, 2009 at 02:55:26 PM EST
[ Parent ]
Yea, they've only been waiting for about 2,800 years, but she was just about to arrive and then they started abortions. that's the only thing stopping her.

I think they should start burning witches. anyone with a boil is obviously stopping the arrival of the Messiah.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Thu Dec 31st, 2009 at 08:59:44 AM EST
[ Parent ]
Rowland Howard hangs up his guitar for keeps

MELBOURNE musician Rowland S. Howard - the guitarist in Nick Cave's cult punk-era bands The Boys Next Door and The Birthday Party - died yesterday at the Austin Hospital from liver cancer. He was 50.

Howard wrote the 1979 cult hit Shivers for The Boys Next Door. He then played with Cave in The Birthday Party until the influential band split in 1983 amid turmoil and drug abuse.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Wed Dec 30th, 2009 at 03:08:54 PM EST
[ Parent ]
Food for thought... | FP Passport

On this day in 1999...

Lou Dobbs was a respected, middle-of-the-road journalist.

The prospect of achieving Middle East peace seemed imminent.

Beltway pundits believed Al Gore and George W. Bush were centrists who would govern similarly.

You could meet your loved ones at their arrival gate.

There were more than 2 million Christians living in Iraq.

Osama bin Laden was living with his family in a compound in Kandahar.

China's GDP was $1.4 trillion, half of Germany's.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Wed Dec 30th, 2009 at 06:47:34 PM EST
[ Parent ]
RW pundits are asking dobbs if he's thinking of a prez run.

dobbs/huckabee 2012?

'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 Dec 31st, 2009 at 06:47:07 AM EST
[ Parent ]
Lou Dobbs was a respected, middle-of-the-road journalist.

Beltway pundits believed George W. Bush was a centrist.

Are these connected ?

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Thu Dec 31st, 2009 at 09:01:51 AM EST
[ Parent ]
Radio Host Limbaugh Hospitalized In Hawaii | Reuters via NYTimes.com

Top conservative U.S. radio talk show host Rush Limbaugh was rushed to a hospital in Hawaii on Wednesday with chest pains, a local television station reported.

KITV television station said Limbaugh was in serious condition at Honolulu's The Queen's Medical Center after being treated at a hotel by paramedics, citing unnamed sources.

<...>

Limbaugh, 58, has suffered from medical problems in the past decade, including a loss of hearing reversed by a cochlear, or electronic hearing device, implant, and an addiction to painkillers.



La Chine dorme. Laisse la dormir. Quand la Chine s'éveillera, le monde tremblera.
by marco on Thu Dec 31st, 2009 at 01:07:53 AM EST
[ Parent ]
It couldn't be a heart attack, he hasn't got one.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Thu Dec 31st, 2009 at 09:02:33 AM EST
[ Parent ]
Classic.

"The future is already here -- it's just not very evenly distributed" William Gibson
by ChrisCook (cojockathotmaildotcom) on Thu Dec 31st, 2009 at 10:06:56 AM EST
[ Parent ]
I cannot believe that a client would call me on New Year's Eve at 11.30 am. But they did.


You can't be me, I'm taken
by Sven Triloqvist on Thu Dec 31st, 2009 at 04:34:31 AM EST
[ Parent ]
Did you pull a Linda Evangelista on them?

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Carrie (migeru at eurotrib dot com) on Thu Dec 31st, 2009 at 04:42:41 AM EST
[ Parent ]
No, I listened carefully and then found a gap in their thinking that will delay it all until Monday ;-)

You can't be me, I'm taken
by Sven Triloqvist on Thu Dec 31st, 2009 at 05:23:20 AM EST
[ Parent ]
Watched The International last night.  Terrible, terrible, terrible movie.

But one scene was quite intriguing, if a bit tin-hatty:

(Start at 1:05)

DA Whitman: Mr. Calvini, we'd like to know why the IBBC, a bank would be purchasing hundreds of millions of dollars worth of missile guidance and control systems from your company?

Calvini: The IBBC has purchased billions of dollars worth of Silkworm missiles from the People's Republic of China which they have presold to clients in the Middle East. Contingent upon the missiles being equipped with VOLCON guidance systems. My company is one of only two in the world which produce the VOLCON.

DA: But why is the bank committing so much of its capital and resources to the sale of these missiles?

Calvini: It's a test. Small arms are the only weapons used in 99% of the world's conflicts and no one has the capacity to manufacture them faster and cheaper than China. What Skarssen (IBBC CEO) is attempting to do is to make the IBBC the exclusive broker of Chinese small arms to the Third World. And the missile deal is the gateway transaction.

Lou: Yeah, but billions of dollars invested simply to be a broker? There can't be that much profit for them.

Calvini: No. This is not about making a profit from weapon sales. It's about control.

DA: Control the flow of weapons, control the conflict.

Calvini: No, no. The IBBC is a bank. Their objective isn't to control the conflict; it's to control the debt that the conflict produces. You see, the real value of a conflict, the true value is in the debt that it creates. You control the debt, you control everything. You find this upsetting, yes? But this is the very essence of the banking industry, to make us all, whether we be nations or individuals slaves to debt.

Transcription from "Slaves to Debt" in "The International" « Money as Debt also known as Credit

La Chine dorme. Laisse la dormir. Quand la Chine s'éveillera, le monde tremblera.

by marco on Thu Dec 31st, 2009 at 04:48:57 AM EST
[ Parent ]
Though it does just boil down to a variation on that apocryphal Rothschild quote.

La Chine dorme. Laisse la dormir. Quand la Chine s'éveillera, le monde tremblera.
by marco on Thu Dec 31st, 2009 at 04:59:43 AM EST
[ Parent ]
well it is true.

if china didn't hold so much american paper, do you really think UN forces would be pacifying afghanistan for chinese companies to extract copper?

who services national debt for all these underwater economies? the biggest banks, and who else?

bush met with dalai lama, remember?
China outraged as Bush meets the Dalai Lama - Times Online

China today accused America of undermining bilateral relations by offering an official welcome to the Dalai Lama.

President Bush was today due to hold talks at the White House with the exiled spiritual leader of Tibet, and tomorrow the US Congress will award him one of its highest civilian honours.

"This action will seriously damage China-US relations," Liu Jianchao, a Foreign Ministry spokesman, told a press briefing. "We express strong dissatisfaction and our firm opposition. "

only 2 years ago, how have the mighty fallen!

+ symbolically speaking, the fact of a repug president being able to afford instrumentalising the DL to wind up the commies publically then, and liberal barack turning him down, to me shows that the overton window has careened all the way across the wall and slammed into the right corner.

don't worry though, they'll probably build good will stadiums for everyone!

'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 Dec 31st, 2009 at 07:08:44 AM EST
[ Parent ]
Based upon the BCCI scandal, brought to current times, this is a very intelligent thriller.  accurate about banking?  what thriller is.  Did director Tom Tykwer do a fantastic job of using architecture as metaphor for different players and plot points?  absolutely, sometimes even stunning, with establishing shots in 65mm.

granted it's a modern thriller, but Tykwer's not a Hollywood director (kommt aus Wuppertal, did Run Lola Run or Lola Rennt, and Perfume).  me found it captivating.

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

by Crazy Horse on Thu Dec 31st, 2009 at 08:44:45 AM EST
[ Parent ]
Daily Mail: Inventor spends Christmas with his perfect woman - a £30,000 custom-made fembot
The science genius enjoyed a festive dinner with his mum, dad and his £30,000 fembot which he designed and built by hand.

Le, 34, from Brampton, Ontario, Canada, even bought gifts for his dream girl, who is so lifelike she speaks fluent English and Japanese, helped cook the turkey and hang up decorations.

'Aiko is like any woman, she enjoys getting new clothes,' he said.



En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Carrie (migeru at eurotrib dot com) on Thu Dec 31st, 2009 at 06:15:04 AM EST
[ Parent ]
There's someone with a desperate need for psychological intervention.

She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre
by ATinNM on Thu Dec 31st, 2009 at 11:47:35 AM EST
[ Parent ]


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