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European Salon de News, Discussion et Klatsch - 7 October

by In Wales Wed Oct 6th, 2010 at 04:14:25 PM EST

 A Daily Review Of International Online Media 


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1968 - birth of Thom Yorke, an English musician who is the lead vocalist and principal songwriter of the alternative rock band Radiohead.

More here and here

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by In Wales (inwales aaat eurotrib.com) on Wed Oct 6th, 2010 at 12:45:26 PM EST
BBC News - 'One year' to clean toxic spill in Hungary

Hungarian disaster management spokesman Dr Attila Nyikos says a large scale clean-up is under way

Hungary says it will cost tens of millions of dollars and take at least a year to clean up the damage caused by a spill of toxic, red industrial sludge.

Emergency workers are trying to stop the spill, from an alumina plant, from flowing into major waterways, including the River Danube

A state of emergency has been declared in three western counties after the chemical waste burst from a reservoir.

Four people are known to have died, and 120 were injured. Six more are missing.

At least seven villages and towns are affected including Devecser, where the torrent was 2m (6.5ft) deep.

by Nomad (Bjinse) on Wed Oct 6th, 2010 at 01:10:30 PM EST
[ Parent ]
Crews race to tackle Hungary spill - Europe - Al Jazeera English

Rescue crews are working to clear roads and homes after a torrent of toxic red sludge swept over three Hungarian counties, killing four people and injuring 120.
 
Hungary declared a state of emergency after thick red sludge burst from a reservoir at Ajkai Timfoldgyar Zrt metals plant in Ajka, in the country's southwest.

An estimated 700,000 cubic metres of the waste, a by-product of aluminium production, poured through Kolontar and two other villages, leading hundreds of people to be evacuated.

Many have suffered from burns and eye irritations caused by lead and other corrosive elements in the mud.



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 Oct 6th, 2010 at 01:23:38 PM EST
[ Parent ]
France24 - Hungary opens criminal inquiry into toxic sludge
Hungary's top investigative agency is taking over the inquiry into a deadly spill of industrial toxic sludge, which EU officials say could turn into a major ecological disaster for countries along the Danube.
...
Police spokeswoman Monika Benyi told The Associated Press that the decision by National Police Chief Jozsef Hatala to take over the probe reflected the importance and the complexity of the sludge disaster.

Benyi said a criminal case had been opened into possible on-the-job carelessness.

The huge reservoir was no longer leaking Wednesday but a triple-tiered protective wall was being built around the reservoir's damaged area. Interior Minister Sandor Pinter said guards have been posted at the site ready to give early warning in case of any new emergency.



"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Wed Oct 6th, 2010 at 03:16:55 PM EST
[ Parent ]
France24 - Hungary toxic sludge spill reaches Danube
Hungary's toxic sludge spill, which has killed four people, reached the Danube river Thursday, threatening to contaminate the waterway's ecosystem, a water authority official told AFP.

Water alkalinity, a measure of river contamination, was already above normal in the major waterway, the official said.

Samples taken at the confluence of the Raab river and the Danube showed "alkalinity slightly above nornal, around 8.96 percent to 9.07 percent," against a normal tally of eight percent, the source said.

A wave of toxic mud was unleashed Monday from the reservoir of an aluminium plant at Ajka, 160 kilometres (100 miles) west of Budapest.

The red mud travelled down the Raab river and reached the Danube waters at around 0630 GMT at Gyor.



"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Thu Oct 7th, 2010 at 04:44:48 AM EST
[ Parent ]
... the Danube showed "alkalinity slightly above nornal (sic), around 8.96 percent to 9.07 percent," against a normal tally of eight percent,

My sincere hope is that I am confused. Are they talking pH and not percent because IF your scientists are getting the two concepts confused, you're screwed. Perhaps the reporter got it wrong.

They tried to assimilate me. They failed.

by THE Twank (yatta blah blah @ blah.com) on Thu Oct 7th, 2010 at 09:28:33 AM EST
[ Parent ]
Obviously the journalist has never heard of pH...

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan
by Carrie (migeru at eurotrib dot com) on Thu Oct 7th, 2010 at 09:35:44 AM EST
[ Parent ]
Wait, it gets better!

Hungary toxic sludge reaches Danube branch | World news | The Guardian

But Dobson said the highly caustic slurry has been reduced to the point where it is unlikely to cause further damage to the environment. The pH level of the sludge, originally above 12, is now under 10, he said. However, a harmless level is between 6 and 8.
Yeah, heavy metals only cause damage to the environment if the pH is out of whack. If pH is within sight of 7 there's no environmental damage to worry about.

<facepalm>

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan

by Carrie (migeru at eurotrib dot com) on Thu Oct 7th, 2010 at 09:38:15 AM EST
[ Parent ]
If it's not on fire, glowing in the dark or eating your flesh there's no problem.

If only this applied to the markets.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Thu Oct 7th, 2010 at 09:47:02 AM EST
[ Parent ]
Greece - China's first European colony? | Radio Netherlands Worldwide

Is Europe the next place set for Chinese `colonisation'? Some say it's already happening, in Greece. But acccording to analysts, that's overstating the case - though Europe does need to stay alert.

While the main bone of contention for China and the European Union at their Brussels summit this week will be China's currency, the yuan and its value  - an issue that may not be directly addressed is that of Greece and fears about China moving in there as a 'coloniser'.

China is making huge investments in Greek ports and railways, and even wants to buy up Greek government bonds. Greek trade unions are up in arms. Chinese investors are taking over the port of Piraeus, Athens, while the Greek docks are losing more and more customers. China wants to bring its products into Europe via its own container port, as former RNW correspondent Garrie van Pinxteren warned some time ago.  

by Nomad (Bjinse) on Wed Oct 6th, 2010 at 01:12:32 PM EST
[ Parent ]
Well well well, I'm not alone. Now that should be an alarm ... someone else thinks like ME!!

They tried to assimilate me. They failed.
by THE Twank (yatta blah blah @ blah.com) on Thu Oct 7th, 2010 at 09:29:53 AM EST
[ Parent ]
Hey, if Germany jettisons peripheral Europe, why is it wrong for China to pick it up?

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan
by Carrie (migeru at eurotrib dot com) on Thu Oct 7th, 2010 at 09:34:52 AM EST
[ Parent ]
Press Review Wednesday 6 October 2010 | Radio Netherlands Worldwide

The last obstacle to a rightwing coalition is removed as Christian Democrat dissidents back down, Geert Wilders' trial goes ahead despite "unfortunate" remarks by the judge, and the Netherlands braces for a frog invasion.

No more talking - it's testosterone time
"The time for talking is over, the time for action has arrived," populist De Telegraaf announces dramatically. All the papers lead with the news that the two Christian Democrat "dissidents" Ad Koppejan and Kathleen Ferrier have finally agreed to toe the party line, removing the final obstacle to a VVD-CDA coalition resting on the parliamentary support of Geert Wilders' far-right Freedom Party.

"It is my conviction that we will be giving up a core value of our party if we agree to this government construction." That was what Kathleen Ferrier said at the CDA conference on Saturday - and just to rub it in, nrc.next blows up this quote to fill its entire front page. Three days later the Christian Democrat MP, daughter of the first president of Suriname after the former Dutch colony became independent, has agreed to "not to block the formation" of the cabinet.

Nrc.next also gleefully reminds us of fellow dissident Ad Koppejan's Saturday speech: "In a divided country, we mustn't give Wilders a platform with this construction to preach his message of hatred against Islam." He now explains that "our objections stand", AD reports, and the two dissidents will "judge it on its actions". They say they'll be keeping a critical eye on the government's every move, particularly when it comes to immigration and integration policy. "So they should," comments Geert Wilders, "they're paid to do that."

The upshot is that the opposition is "increasingly cynical about the cabinet's stability," says Trouw. The coalition will already have to look elsewhere for support on policies that aren't to Mr Wilders' taste - anything to do with the European Union for example. But now, with its flimsy one-seat majority, it will have to turn to the right-wing orthodox protestant SGP for support when it comes to Mr Wilders' beloved tough measures on immigration.

Despite all the controversy, the papers are unanimous. By the middle of next week, the Netherlands will have Mark Rutte as its new prime minister, at the head of what Trouw describes a "rightwing, testosterone cabinet".

by Nomad (Bjinse) on Wed Oct 6th, 2010 at 01:14:55 PM EST
[ Parent ]
I am so relieved to learn that the frog invasion is only American bullfrogs.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed Oct 6th, 2010 at 11:04:38 PM EST
[ Parent ]
BBC News - Terror attack in UK 'highly likely', warns France

France has urged citizens travelling to Britain to be "extremely vigilant" amid raised fears of a terror attack there.

The French government said it was now "highly likely" public transport and tourist sites in the UK would be hit.

The warning followed revelations that a UK terror suspect killed in Pakistan was being groomed to lead a new group in raids on the UK, France and Germany.

On Sunday Britain raised its terror alert level from general to high for travellers to Germany and France.



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 Oct 6th, 2010 at 01:27:19 PM EST
[ Parent ]
France24 - France warns of terrorist threat in Britain
France has warned its citizens of a heightened risk of terrorism in Britain, saying an attack on public transport or tourist sites is "very likely".

France's Foreign Ministry is warning French travelers of a high terrorism risk in Britain, asking them to be watchful in public transport and busy tourist areas across the English Channel.

A message posted on the ministry's Web site late Tuesday said British authorities have warned that "the level of terrorist threat is very high in the United Kingdom, and the risk of an attack is very likely."

The ministry said France wanted to pass those concerns on to French citizens, many of whom live in Britain or travel there frequently.



"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Wed Oct 6th, 2010 at 03:22:10 PM EST
[ Parent ]
Returning the courtesy, heh?
by Bernard (bernard) on Thu Oct 7th, 2010 at 07:28:40 AM EST
[ Parent ]
France slapped for EU free movement infraction, not discrimination - Immigration : europa, europe | euronews

In the controversial Roma affair, the European Union's Justice Commissioner Viviane Reding, has announced that Brussels has begun legal proceedings against France over European rules on freedom of movement.

Reding said in Brussels: "The European Commission has decided today to begin an infraction procedure against France. As guardian of the Treaties, the European Commission is determined to make European legislation respected."

The separate matter of ethnic targeting allegations in France's expulsion of Roma migrants is not being pursued for the time being.

France's Immigration Minister Eric Besson said in the National Assembly: "This is far from being an affront against France, on the contrary. Firstly, the most important point in the Commission's view is that there has not been discrimination. Its action only concerns the dismantling of the illegal camps, where, like the renditions to the borders, there was no discrimination."

by Nomad (Bjinse) on Wed Oct 6th, 2010 at 01:57:08 PM EST
[ Parent ]
Who Wins? | Michael Hudson
Most of the press has described Europe's labor demonstrations and strikes on Wednesday in terms of the familiar exercise by transport employees irritating travelers with work slowdowns, and large throngs letting off steam by setting fires. But the story goes much deeper than merely a reaction against unemployment and economic recession. At issue are proposals to drastically change the laws and structure of how European society will function for the next generation. If the anti-labor forces succeed, they will break up Europe, destroy the internal market, and render that continent a backwater. This is how serious the financial coup d'etat has become. And it is going to get much worse - quickly. As John Monks, head of the European Trade Union Confederation, put it: "This is the start of the fight, not the end."


"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Wed Oct 6th, 2010 at 03:33:29 PM EST
[ Parent ]
BBC News - What happened in Europe's secret CIA prisons?

The CIA used a secret prison in Poland to detain and torture its most important 9/11 suspect, a former top human rights official alleges in a new BBC documentary.

On 7 March 2003 a CIA Gulfstream Jet landed at a remote airstrip in north-eastern Poland. Human rights officials and campaigners are convinced that Khalid Sheikh Mohammed, one of the most senior al-Qaeda suspects, was on board.

American agents took him to a secret facility where, he says, he was tortured before being eventually transferred to Guantanamo Bay.



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 Oct 6th, 2010 at 04:34:54 PM EST
[ Parent ]
FT.com / UK / Politics & policy - Move to delay UK spending cuts
The Treasury is working on plans to "reprofile" spending cuts next April, spreading the pain of deficit reduction more evenly over the next few years, senior Whitehall officials have told the Financial Times.

Confronted with the difficulties of quickly cutting spending - including financial penalties for breaking contracts and redundancy costs - ministers have been forced to consider delaying some of the big savings until later in this parliament.
...
The Treasury insisted there was absolutely no change in the government's economic strategy of eliminating the current structural deficit within a parliament, which David Cameron reiterated in his speech to the Conservative party conference on Wednesday.

But it would not confirm that the spending review on October 20 would maintain the £23bn spending cuts in 2011-12, rising to £83bn a year cuts by 2014-15. This week it has already become clear that many of the cuts will be difficult to start in 2011-12.



"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Wed Oct 6th, 2010 at 06:33:47 PM EST
[ Parent ]
'Ridiculous and bizarre': What Cheshire mums think of child benefit cuts by George Osborne - Manchester Evening News

Middle class mums are in uproar over George Osborne's plans to cut child benefit for higher earners, and one of the places where the policy will hit hardest is the Chancellor's own back yard. PETER CAMPBELL went to Knutsford, in the heart of the affluent Cheshire constituency of Tatton, to see how mums feel about their local MP's attack on their household income.

IT is quiet, suburban, and distinctly middle class; the perfect portrait of middle England, the area of Britain whose support the Conservatives most need to maintain to stand a chance of remaining in power come 2015.

But the residents of George Osborne's safe seat, which he won with a majority of 14,000 in May, fail to share his enthusiasm for the cuts in child benefit he announced earlier this week. All agree that those worst affected will be the stay-at-home mums who have given up work to raise and look after their children.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Thu Oct 7th, 2010 at 08:54:35 AM EST
[ Parent ]
Three reasons why the child benefits fiasco is a Tory master-stroke | Liberal Conspiracy

Most crucially, all the attention on those poor parents earning anywhere between £45k and £Infinity is taking attention away from what really matters about this: the negative impact it is going to have on the welfare state because of a universal benefit being taken away from the rich. The poorest welfare states are in fact those which are designed only for the poor.

...

Lefties/greenies etc need to stop gloating on about how the Tories are shooting themselves in the foot and about those poor stay-at-home Mums, and start talking simply about defending the principle of welfare state universalism.

Otherwise, this cut will be the thin end of a very large wedge, and before we know it we will be looking at taking away NHS provision from the richest, on the grounds that they can afford private healthcare... I hope it is at least obvious to readers why THAT would be bad for us all. But it is nothing more than an extension of the logic of Osborne's clever move here on child benefit.



By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan
by Carrie (migeru at eurotrib dot com) on Thu Oct 7th, 2010 at 09:26:44 AM EST
[ Parent ]
Conversely(, I believe that all income should be taxed.
(Albeit at a very low rate for the first tranche, and steeply progressive of course)

At both ends of the scale, it's about buy-in. The ideology of the welfare state (why does that sound like a dirty word!?!) is for all of us. Income inequality (as Jesus said) will always be with us, and must not be an obstacle to social cohesion.

Ordinary wage-earners who pay no income tax have a disincentive to care about the guvvermint, or to vote. Negative income taxes are probably even "better", making people complete serfs.
(rant over)

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

by eurogreen on Thu Oct 7th, 2010 at 12:07:38 PM EST
[ Parent ]
middle class !!! Middle Class !!! Mothers earning over £45k pa are well into the top 10% of earners.

If they implemented at median (22k) or even average wage (35k)we might have a discussion but people in the top 10 per cent of earners are Not. Middle. Class.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Thu Oct 7th, 2010 at 10:03:05 AM EST
[ Parent ]
Depends which definition you're using. If you mean "middle income", then you're right. If you mean other definitions you're wrong.

Is 45k enough to make you upper class? Is 100k in a household enough to make you upper class?

by Colman (colman at eurotrib.com) on Thu Oct 7th, 2010 at 10:31:21 AM EST
[ Parent ]
In the UK £50k is upper working/lower middle. Many tradespeople earn that.

£100k - £250k is middle middle - middle of the road doctors, lawyers, accountants.

£250k - £1m is upper middle - quango directors, top civil servants.

Upper is more about social connections and 'pedigree' than money. There's the nouveau tranche, which overlaps with the middlers and will be on £250k to £10m or so a year from directorships, jobs in finance or - very rarely - the arts.

And there are the people with rich ancestors and titles, who tend to own lots of property and land, and may waltz into well paid jobs because they have connections - e.g. Samantha Cameron, who was earning six figures a year designing very dull stationery, and the odd handbag, but also happens to be related to the Astors. Likewise some interior designers who can earn six or seven figures because they already know lots of MPs and lords and - more importantly - are the right sort.

There's an entire industry of support services for these people, from companies who will find them domestic staff, big houses, security, art works, antiques, swimming pools, tennis courts, AGAs, gardeners, premium event tickets, and so on.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Thu Oct 7th, 2010 at 11:09:01 AM EST
[ Parent ]
Likewise some interior designers who can earn six or seven figures because they already know lots of MPs and lords and - more importantly - are the right sort.

We got a lovely cashmere throw as a Christmas present one year from one of those. The dogs love it. So it's in their bed.

by Colman (colman at eurotrib.com) on Thu Oct 7th, 2010 at 11:21:13 AM EST
[ Parent ]
Monkeying with national sovereignty | Law | guardian.co.uk

Can parliament still be sovereign if, as the courts have consistently ruled, European Union law is supreme over national law? Legally, the answer is surprisingly simple: it can be, and is. Yet the question nags at Eurosceptic Conservatives, and the coalition agreement committed the government to "examine the case" for legislation that makes it clear that ultimate authority over British law remains in Britain.

But they've not taken long to examine it. The foreign secretary, William Hague, announced yesterday in Birmingham that an EU bill to be put before the Commons later this year will contain a clause intended to "reaffirm once and for all the sovereignty of our ancient parliament". His case for doing so, though, does not bear even brief examination.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Thu Oct 7th, 2010 at 10:12:55 AM EST
[ Parent ]
by In Wales (inwales aaat eurotrib.com) on Wed Oct 6th, 2010 at 12:45:42 PM EST
FT.com / Global Economy - IMF chief warns on exchange rate wars
Governments are risking a currency war if they try to use exchange rates to solve domestic problems, the head of the International Monetary Fund has warned.

The comments by Dominique Strauss-Kahn came before the yen fell as a result of the Bank of Japan shifting towards quantitative monetary easing, cutting its key interest rate and proposing a new fund to buy government bonds and other assets.

"There is clearly the idea beginning to circulate that currencies can be used as a policy weapon," Mr Strauss-Kahn told the Financial Times on Monday.

"Translated into action, such an idea would represent a very serious risk to the global recovery . . . Any such approach would have a negative and very damaging longer-run impact."



"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Wed Oct 6th, 2010 at 01:32:58 PM EST
[ Parent ]
FT.com / Comment / Editorial - Bank of Japan puts a toe in the water
On Tuesday the BoJ's monetary policy board signalled a return to quantitative easing by deciding to "examine establishing" a Y5,000bn ($60bn) programme for purchasing securities - 70 per cent of it government debt, the rest corporate paper, exchange-traded funds, and real estate investment trusts. At the same time it cut its policy rate.

As central bank activism goes, the scale of the initiatives is modest. Few will notice that overnight rates will now be between 0 and 0.1 per cent rather than the previous 0.1. To call the asset purchase programme a drop in the bucket is to belittle the drop: the direct economic impact is bound to be negligible against more than Y700,000bn of government debt and Y54,000bn of corporate bonds outstanding.

Even if timid in absolute terms, however, the move may have considerable influence on market expectations. Seen against the central bank's engrained caution and what it sees as the disappointing results of QE in 2001-06, the BoJ's toe-dipping into fresh thinking appears almost radical. The prospect of buying corporate bonds, not to mention ETFs and REITs, is well beyond what central banks in other major economies have done.



"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Wed Oct 6th, 2010 at 01:35:03 PM EST
[ Parent ]
The prospect of buying corporate bonds, not to mention ETFs and REITs, is well beyond what central banks in other major economies have done.

Other central banks use proxies, such as, perhaps, Goldman and JP Morgan, to perform such purchases as futures on the S&P 500 and shorts of the gold and silver markets. Is BOJ to make such pruchases itself? How rude.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed Oct 6th, 2010 at 11:31:50 PM EST
[ Parent ]
Melanchthon:
The prospect of buying corporate bonds, not to mention ETFs and REITs, is well beyond what central banks in other major economies have done.
On the other hand, the ECB could legally buy these instruments at issue, whereas it is legally barred from buying EU sovereign debt.

Because, as we know, sovereign debt is more toxic than REITs, and governments less trustworthy than fund managers.

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan

by Carrie (migeru at eurotrib dot com) on Fri Oct 8th, 2010 at 03:38:10 AM EST
[ Parent ]
FT.com / Global Economy - Wen warns against renminbi pressure
Forcing Beijing to revalue its currency would lead to a "disaster for the world", Wen Jiabao, China's premier, has warned amid increasing tensions over efforts by governments and central banks to hold down their exchange rates.

Speaking in Brussels, Mr Wen hit back at international criticism of China's currency policy, saying that acceding to demands for a faster rise in the renminbi could cause social unrest in China.

"Do not work to pressurise us on the renminbi rate," Mr Wen said, departing from prepared remarks. He said Chinese export companies had very small profit margins, which could be wiped out by actions such as the currency import tariffs the US Congress is threatening to impose.

"Many of our exporting companies would have to close down, migrant workers would have to return to their villages," Mr Wen said. "If China saw social and economic turbulence, then it would be a disaster for the world."



"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Wed Oct 6th, 2010 at 02:56:13 PM EST
[ Parent ]
If China saw social and economic turbulence, then it would be a disaster for the world Chinese overlords."

Where is that Kiss My Ass macro, purple, blinking, I ordered?

They tried to assimilate me. They failed.

by THE Twank (yatta blah blah @ blah.com) on Thu Oct 7th, 2010 at 09:38:23 AM EST
[ Parent ]
Calculated Risk
ADP reports:
Private-sector employment decreased by 39,000 from August to September on a seasonally adjusted basis, according to the latest ADP National Employment Report® released today. The estimated change of employment from July to August was revised up from the previously reported decline of 10,000 to an increase of 10,000.

The decline in private employment in September confirms a pause in the economic recovery already evident in other data. A deceleration of employment occurred in all the major sectors shown in The ADP Report and for all sizes of payroll.
...
Unlike the estimate of total establishment employment to be released on Friday by the Bureau of Labor Statistics (BLS), today's ADP National Employment Report does not include the effects of federal hiring -- and now firing -- for the 2010 Census.
Note: ADP is private nonfarm employment only (no government jobs).

The consensus was for ADP to show an increase of about 23,000 private sector jobs in September, so this was way below consensus.


"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Wed Oct 6th, 2010 at 02:44:29 PM EST
[ Parent ]
IMF Says Public Debt, Fragile Banks Pose Risks to Growth - Bloomberg
High unemployment, public debt and fragile banking systems pose risks to global prosperity, the International Monetary Fund said, urging policy makers to take bolder steps to assure a sustained recovery.

The world economy will expand 4.2 percent next year, the Washington-based IMF said in a report, down from its forecast of 4.3 percent three months ago. The fund projects growth of 4.8 percent this year, up from 4.6 percent.
...
"The result is a recovery that is neither strong nor balanced and runs the risk of not being sustained," chief economist Olivier Blanchard wrote in an introduction to the IMF's World Economic Outlook. "If growth stops in advanced economies, emerging-market economies will have a hard time decoupling," he said. Global coordination "may be even more important today than at the peak of the crisis."



"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Wed Oct 6th, 2010 at 02:50:36 PM EST
[ Parent ]
by Melanchthon on Wed Oct 6th, 2010 at 02:54:21 PM EST
[ Parent ]
Ezra Klein - Will America come to envy Japan's lost decade?
Perhaps the most depressing exchange of this morning's conference -- and believe me, there were plenty to choose from -- was between Goldman Sachs's Jan Hatzius and Paul Krugman. Hatzius started things off by questioning whether the Federal Reserve would really step up to the plate:
...
So the political system is biased toward caution, which isn't a particularly good bias to have amid a financial crisis that requires massive, unconventional economic policy interventions. But because the policies were too cautious, they don't solve the problem, and that discredits them, which leaves the government without tools and the economy in tatters. It's a bit like taking too few antibiotics, noticing that you're still sick, and swearing off antibiotics altogether.

Oh, and this isn't even the most pessimistic thing I've heard -- well, read -- today.



"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Wed Oct 6th, 2010 at 02:58:09 PM EST
[ Parent ]
Calculated Risk: Hatzius: Two main economic scenarios "fairly bad" and "very bad"
And from a research note today, Hatzius wrote:
We see two main scenarios for the economy over the next 6-9 months--a fairly bad one in which the economy grows at a 1½%-2% rate through the middle of next year and the unemployment rate rises moderately to 10%, and a very bad one in which the economy returns to an outright recession. There is not much probability of a significantly better outcome.

Between the two scenarios, the fairly bad one--slow growth, rising unemployment, but no outright recession--has significantly higher probability ... However, the recession scenario also has significant probability (we still think about 25%-30%).


"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Wed Oct 6th, 2010 at 02:59:38 PM EST
[ Parent ]
Then there was this:

And a bunch more graphs on the same subject at the link with some comments. Sometime between April and July we may see that another recession began in Q3, 2010.

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed Oct 6th, 2010 at 11:47:32 PM EST
[ Parent ]
And also this:

by ThatBritGuy (thatbritguy (at) googlemail.com) on Thu Oct 7th, 2010 at 08:30:47 AM EST
[ Parent ]
FT.com / Europe - Signs of French shift on EU hedge funds
France appears to have dropped its outright opposition to current European Union proposals for regulating hedge funds and private equity funds, meaning that a deal on the controversial regulations may finally be in sight.

The French move, at a meeting of ambassadors in Brussels on Wednesday morning, came just 24 hours after Tim Geithner, US Treasury secretary, sent a letter to Christine Lagarde, French finance minister, protesting at the French position.

Paris has been adamantly opposed to part of the proposals that would give non-EU fund managers pan-EU marketing rights - or a so-called "passport" - provided they met certain standards.

The French would prefer to maintain the current private placement system, whereby funds outside the EU seek approval from individual member states if they wish to sell into EU markets.



"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Wed Oct 6th, 2010 at 03:01:07 PM EST
[ Parent ]
FT.com / Europe - German industrial orders surge 3.4%
Germany saw a surge in manufacturing orders in August, boosting hopes that Europe's largest economy will still power growth across the continent even as the euro strengthens and the US recovery splutters.

Orders rose by a larger than expected 3.4 per cent in August compared with the previous month, the Berlin economic ministry said on Wednesday. That reversed a 1.6 per cent fall in July and showed that considerable momentum remained behind Germany's economic pick-up.

The data came as members of the European Central Bank governing council gathered in Frankfurt for Thursday's interest rate setting meeting, where they are expected to debate the pace at which they can unwind exceptional measures taken to support the economy since the collapse of Lehman Brothers in 2008.



"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Wed Oct 6th, 2010 at 03:02:26 PM EST
[ Parent ]
FT.com / Europe - Fitch downgrades Ireland's debt rating
Ireland's debt rating has been downgraded by Fitch, with a further downgrade more than likely in the next two years, the credit rating agency said on Wednesday.

The downgrade of Ireland's long term debt from AA- to A+ reflects "the exceptional and greater-than-expected" cost of recapitalising the country's banks, announced last week.

The agency has also changed its outlook on Irish debt from stable to negative which it says "implies a slightly greater than 50 per cent probability of a further downgrade over a 12-24 month horizon".

The negative outlook reflects "uncertainly regarding the timing and strength of economic recovery and medium-term fiscal consolidation effort."

Fitch said the rating could be downgraded further "if the economy stagnates and broad-based political support for and implementation of budgetary consolidation weakens".



"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Wed Oct 6th, 2010 at 03:03:34 PM EST
[ Parent ]
France24 - EU and South Korea sign free-trade pact
The European Union has sealed a vast free-trade agreement with South Korea, the first in a wave of bilateral pacts the 27-member bloc hopes to strike with Asian nations.

The European Union and South Korea signed a free-trade deal on Wednesday which could double trade between them and trigger more calls among Asian states for such pacts with the 27-nation bloc.

The accord, Europe's first with an Asian nation, is set to take effect on July 1 once ratified by the European Parliament.

"This agreement is by far the most important trade deal ever concluded by the European Union with one country, and the first free trade agreement with an Asian country," European Commission President Jose Manuel Barroso told reporters.

South Korean President Lee Myung-bak said the deal would enable South Korea's economy to grow at more than 5 percent per year, create thousands of jobs and set a model for EU-Asia relations.



"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Wed Oct 6th, 2010 at 03:26:09 PM EST
[ Parent ]
Jim Quinn: Consumer Deleveraging = Commercial Real Estate Collapse  naked capitalism

There is a Part 2 to the story of Consumer Deleveraging that will play out over the next decade. Consumers will deleverage because they must. They have no choice. Boomers have come to the shocking realization that you can't get wealthy or retire by borrowing and spending. As consumers buy $500 billion less stuff per year, retailers across the land will suffer. To give some perspective on our consumer society, here are a few facts:

    * There are 105,000 shopping centers in the U.S. In comparison, all of Europe has 
      only 5,700 shopping centers.
    * There are 1.2 million retail establishments in the U.S. per the Census Bureau.
    * There is 14.2 BILLION square feet of retail space in the U.S. This is 46 square
      feet per person in the U.S., compared to 2 square feet per capita in India,
      1.5 square feet per capita in Mexico, 23 square feet per capita in the United Kingdom,
      13 square feet per capita in Canada, and 6.5 square feet per capita in Australia.

Retailers expanding into an oversaturated retail market in the midst of a Depression, when anyone without rose colored glasses can see that Americans must dramatically cut back, are committing a fatal mistake. The hubris of these CEOs will lead to the destruction of their companies and the loss of millions of jobs. They will receive their fat bonuses and stock options right up until the day they are shown the door.

All of the happy talk from the Wall Street Journal, CNBC and the other mainstream media about commercial real estate bottoming out is a load of bull. It seems these highly paid "financial journalists" are incapable of doing anything but parroting each other and looking in the rearview mirror. Sound analysis requires you to look at the facts, make reasonable assumptions about the future and report the likely outcome. Based on this criteria, there is absolutely no chance that commercial real estate has bottomed. There are years of pain, writeoffs and bankruptcies to go.





"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Oct 7th, 2010 at 12:55:11 AM EST
[ Parent ]
It's really going to get fun when 'established' suburban areas find their shopping malls closing as their corporate owners go bankrupt.

She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre
by ATinNM on Thu Oct 7th, 2010 at 11:46:59 AM EST
[ Parent ]
Dmitri Orlov's collapse scenario is playing out nicely...

See the "foreclosures/evictions", "shutdowns" and "supermarkets" points respectively in the three slides below.

(that's slides 9, 11 and 15 in case there are hotlinking problems...)

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan

by Carrie (migeru at eurotrib dot com) on Thu Oct 7th, 2010 at 12:03:52 PM EST
[ Parent ]
RTÉ News: Coughlan acknowledges support of Opposition
International ratings agency Fitch said yesterday that Ireland's credit rating could be lowered further if there was not 'broad political support' for measures to tackle the public finances.
And governments accept this foreign, private interference in their policy, why?

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan
by Carrie (migeru at eurotrib dot com) on Thu Oct 7th, 2010 at 07:25:43 AM EST
[ Parent ]
Because it is neoliberal conventional "wisdom of the markets".

"We know nothing about economics cos it's complicated so we get in advisers from Goldman Sachs to tell us what to do and they said "do this". they're very clever people and they know about this stuff so it's the best advice available and we'd be fools to ignore them.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Thu Oct 7th, 2010 at 10:08:08 AM EST
[ Parent ]
Reuters: Regulators ask banks to review foreclosure acts
So far bank regulators are only asking the institutions they supervise to gather information and take steps to ensure they are in compliance with state laws that govern foreclosures.

Ally Financial Inc's GMAC Mortgage, JPMorgan Chase & Co and Bank of America have already announced that they are suspending some of their foreclosures to review whether they have been conducting them properly.

The New York Times said PNC Financial Services Group became the latest bank to declare a moratorium on the sale of foreclosed properties, suspending them for at least the next 30 days. The newspaper cited a memo received by a title insurer from the bank.



By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan
by Carrie (migeru at eurotrib dot com) on Fri Oct 8th, 2010 at 03:41:14 AM EST
[ Parent ]
by In Wales (inwales aaat eurotrib.com) on Wed Oct 6th, 2010 at 12:45:55 PM EST
BBC News - Blow to US prosecutors as terror case witness barred

he judge in the first civilian trial of a former Guantanamo inmate has ruled that a key US government witness cannot testify, in a blow to prosecutors.

Defendant Ahmed Khalfan Ghailani denies helping al-Qaeda kill 224 people in the 1998 US embassy bombings in Africa.

The judge ruled that the witness could not testify as he had been named by Mr Ghailani while he was "under duress".



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 Oct 6th, 2010 at 01:12:49 PM EST
[ Parent ]
Chaco deforestation by Christian sect puts Paraguayan land under threat | Environment | The Guardian

Hitler was said to have fled there, the Spanish conquistadores failed to penetrate it, and the only uncontacted tribe outside Amazonia lives within its borders. But now the vast Paraguayan wilderness of thorn trees, jaguars and snakes known as the Chaco is being transformed by a Christian fundamentalist sect and hundreds of Brazilian ranchers.

Worldwide food shortages and rock-bottom land prices in Paraguay have made the Chaco the last agricultural frontier. Great swaths of the virgin thorn forest once dubbed Latin America's "green hell", are being turned into prairie-style grasslands to rear meat for Europe and grow biofuel crops for cars.

Recent satellite imagery confirmed that about one million hectares, or nearly 10%, of the virgin, dry forest in northern Paraguay has been cleared in just four years by ranchers using fire, chains and bulldozers to open up land. By comparison, Brazil claims to have nearly halted its deforestation of the Amazon.

by Nomad (Bjinse) on Wed Oct 6th, 2010 at 01:20:44 PM EST
[ Parent ]
Seems like another version of whack-a-mole.

"Beware of the man who does not talk, and the dog that does not bark." Cheyenne
by maracatu on Wed Oct 6th, 2010 at 10:34:13 PM EST
[ Parent ]
Editors, ANC in 'robust' talks over media tribunal - Mail & Guardian Online: The smart news source
The South African National Editors' Forum (Sanef) held "tense" talks with the ANC in Johannesburg on Thursday about a proposed media appeals tribunal.

"It was quite a tough engagement," said Sanef chairperson Mondli Makhanya. "I will use the words, 'very robust'. We did have tense moments."

He said Sanef explained to the ANC, represented by spokesperson Jackson Mthembu and secretary general Gwede Mantashe, that a panel had been set up to look at how the self-regulation mechanism of the press ombudsman could be improved.

At the same time, the Press Council was conducting its own probe into how it could strengthen itself.
by Nomad (Bjinse) on Wed Oct 6th, 2010 at 01:22:41 PM EST
[ Parent ]
Arrest in DR Congo over mass rape - Africa - Al Jazeera English
A DR Congo rebel commander has been arrested on suspicion of leading raids on villages in the country's east where 500 people were raped in late July and early August, the UN has said.

UN headquarters in New York circulated an announcement by the UN peacekeeping force in Congo of the arrest of commander of a tribal Mai-Mai militia, known as Lieutenant Colonel Mayele, for alleged mass rapes.

The UN said Mayele was arrested on Tuesday in a military operation carried out by the UN Mission for the Stabilisation of the DR Congo (Monusco) and the Congolese military.


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 Oct 6th, 2010 at 01:25:59 PM EST
[ Parent ]
Rabbis visit burnt West Bank mosque - Middle East - Al Jazeera English

Palestinians in a West Bank town have received a group of Jewish Rabbis who brought copies of the Quran to replace those burnt and damaged in what locals say was an attack on a mosque by Jewish settlers.

Nidal Thawabte, the mayor of Beit Fajjar, told Al Jazeera that the Rabbis were received by the town as men of God and not as settlers because they did not identify themselves as settlers.

"A group of Jewish Rabbis came on Tuesday afternoon with a box of 25 to 35 Qurans. While the cost and the extent of the damage was much more than just a few copies of the Quran, we accepted their gesture as an act of goodwill," Kamel Hammash, president of the municipality council, told Al Jazeera on Wednesday.



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 Oct 6th, 2010 at 01:32:12 PM EST
[ Parent ]
FT.com / Asia-Pacific - Gunmen attack Nato trucks in Pakistan
Suspected Islamic militants have attacked and set fire to at least 20 trucks and fuel tankers carrying supplies from Pakistan for Nato troops deployed in Afghanistan.

Nato supply trucks have come under repeated attack in Pakistan over the past week since Islamabad shut the main route into Afghanistan via the Torkhum border post, in reaction to an apparent Nato helicopter strike that killed three paramilitary soldiers.

Early on Wednesday, about 12 gunmen fired at Nato tankers in a parking lot in a suburb of Quetta, capital of southwestern Baluchistan province. At least one truck driver was killed, according to local officials in Quetta.



"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Wed Oct 6th, 2010 at 01:38:02 PM EST
[ Parent ]
France24 - UN Security Council heads to Sudan to support independence referendum
Envoys from all 15 members of the UN Security Council head to Sudan on Wednesday to show support for a scheduled Jan. 9, 2011 referendum on secession for Southern Sudan amid fears of a unilateral declaration of independence sparking new violence.

Envoys from the main world powers go to Sudan on Wednesday aiming to maintain international pressure to hold a referendum that could lead to the breakup of the country, diplomats said.
   
Envoys from Britain, China, France, Russia and the United States, plus envoys from the 10 other nations on the 15-member Council, will make up the delegation, said UN Security Council chairman Ruhakana Rugunda, from Uganda. Uganda currently holds the rotating presidency of the council.
   
But the envoys will not meet with Sudanese President Omar al-Bashir, who is under an international arrest warrant from the International Criminal Court (ICC) to face charges of genocide in his country.



"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Wed Oct 6th, 2010 at 03:26:57 PM EST
[ Parent ]
Burundi refugees go home after years in exile | RFI
Over 200 Burundian refugees living in the Democratic Republic Congo were repatriated on Tuesday. This first group of refugees are returning to Burundi following a tripartite agreement between Burundi, the DRC and the UN refugee agency in December 2009.
...
DRC hosts more than 15,000 Burundi refugees, mainly living in Eastern Congo. In December 2009, Burundi, the DRC and UNHCR reached an agreement  to repatriate 5,000 refugees to Burundi. Under the terms of an accord, The UN refugee agency will also facilitate the repatriation of Congolese refugees living in Burundi. More than 40,000 refugees and asylum seekers live in Burundi

On October 28, The UN refugee agency will also start repatriating Congolese refugees living in Burundi. 2,000 would be repatriated by the end of the year.



"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Wed Oct 6th, 2010 at 03:36:10 PM EST
[ Parent ]
France24 - Saudis arrest Filipino Catholics at mass: report
Saudi police raided a secret Catholic mass in Riyadh last week and arrested a dozen Filipinos and a Catholic priest, charging them with prosyletising, a local daily reported on Wednesday.

The raid took place as some 150 Filipinos were attending the mass in a Riyadh rest house on Friday, the second day of the weekend in Saudi Arabia, Arab News said.

The twelve Filipino men and the priest, whose nationality was not specified, were "charged with prosyletising," the daily quoted an official from the Philippine embassy in Riyadh as saying.



"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Wed Oct 6th, 2010 at 04:47:21 PM EST
[ Parent ]
France24 - Israel may halt new Palestinian city over 'green concerns'
Israel's hawkish environment minister, who backs ongoing Jewish settlement in the West Bank, on Wednesday said he was seeking to halt construction of a new Palestinian city over "green" concerns.

Gilad Erdan told Israel's army radio it was "a mistake" for Israel to allow the Palestinians to break ground on the massive new project to build a city called Rawabi just north of Ramallah.

Asked if he was trying to halt construction of the project, which will cost some 700 million dollars (570 million euros), until it complies with certain environmental criteria, Erdan replied: "Exactly."

"I don't like the establishment of that city. I think it was a mistake to allow it," he said, claiming that the Palestinians had no proper plans for managing sewage or other waste generated from the city, which will house some 40,000 people.

But Bashar al-Masri, head of the Bayti Real Estate Investment Co, which is jointly running the Rawabi project, denied Erdan's claims, telling AFP US-funded plans for a sewage and waste water treatment plant were well under way.



"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Wed Oct 6th, 2010 at 04:50:03 PM EST
[ Parent ]
Netanyahu backs loyalty oath to Israel as Jewish state | RFI
Israeli Prime Minister Benjamin Netanyahu has backed plans to introduce a legal requirement for anyone applying for citizenship to pledge loyalty to Israel as a "Jewish and democratic state". The proposed amendment to Israel's citizenship law, which has angered Palestinians, is expected to be approved by the cabinet on Sunday.

If the proposal is passed, prospective citizens will be required to take the oath, "I swear to respect the laws of the state of Israel as a Jewish and democratic state". Until now, applicants had to pledge allegiance simply to the "state of Israel". Those who have already acquired citizenship would not be required to sign the pledge.

The amendment is understood to be aimed at making it more difficult for Palestinians to gain Israeli citizenship after marrying Israeli Arabs. It was first proposed by Justice Minister Yaakov Ne'eman and has been approved by the prime minister, Netanyahu's office said on Wednesday evening. It's also backed by Foreign Minister Avigdor Lieberman, an ultra-nationalist whose Yisrael Beitenu (Israel is Our Home) party made the oath the centrepiece of its 2009 election campaign.



"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Thu Oct 7th, 2010 at 06:13:04 AM EST
[ Parent ]
Note that this law probably only applies to non-Jews, as Jews do not have to apply for citizenship: they get it automatically, unless they officially request not to get it.

Just as well. Otherwise, settling in the West Bank may count as violating the oath, as you are trying to make sure that the state is either non-Jewish, or non-democratic.

by gk (gk (gk quattro due due sette @gmail.com)) on Thu Oct 7th, 2010 at 06:23:18 AM EST
[ Parent ]
Opposition leader freed | RFI
One of Ethiopia's key opposition figures was freed from jail on Wednesday morning. Birtukan Medeksa had been behind bars since late 2008.

After days of rumours, Medeksa's release from jail was announced on Wednesday in a communiqué from the Ministry of Justice.

It said that she wrote to Prime Minister Meles Zenawi in mid-September requesting a pardon.

Medeksa, the president of the Coalition of Unity and Democracy party, was arrested in 2005 and sentenced to life for disrupting the constitutional order, which in Ethiopia is paramount to treason.

Most of the party leadership were also arrested on similar charges and faced the death penalty.
However, many were released three years ago after requesting a pardon.

But in 2008, Medeksa publicly denied she had asked to be pardoned, and was sent back to jail.

Upon her release this Wednesday, she said that she was happy to be with her family and confirmed that she had this time requested a pardon.



"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Wed Oct 6th, 2010 at 04:51:55 PM EST
[ Parent ]
SAN JUAN, Puerto Rico -- Hundreds of FBI agents flew into Puerto Rico to round up dozens of police officers accused of aiding drug traffickers Wednesday -- one of the darkest days yet for a force tarnished by recent allegations of brutality, discrimination and incompetence.  In pre-dawn raids, about 1,000 federal agents swept up about 130 people, including nearly 90 law enforcement officers accused of providing security to drug dealers on a U.S. territory where police are struggling to curb spiraling crime and rampant drug smuggling.  U.S. Attorney General Eric Holder said it was the largest police corruption investigation in the FBI's history.

Bloomberg: Total SA, OAO Gazprom and Tecpetrol SA plan to start output at the Ipati and Aquio blocks in Bolivia in 2013, the Russian gas producer said.

The Cuban Triangle: It is necessary to cut spending in Cuba's health sector too, Granma reports today, because "unnecessary spending hurts not only the country's economy, but also an institution's functioning and quality of care." The article is a straightforward explanation of what appears to be a thorough re-evaluation of material and human resources in the sector, and to prepare the public for changes and consolidation of services.

HAVANA, Oct 6, 2010 (IPS/IFEJ) - The cultivation in several Cuban provinces of genetically modified maize, obtained by the Centre for Genetic Engineering and Biotechnology, endangers biodiversity and contradicts the government's own agricultural production plan, warns Cuban agro-ecologist Fernando Funes-Monzote.

LAHT: HAVANA - Salvadoran President Mauricio Funes returned to his country on Wednesday after wrapping up a two-day official visit to Havana, where he presided at the signing of several bilateral accords and met with Cuban counterpart Raul Castro.  Cuban state television reported Wednesday that Funes was seen off at Havana's international airport by Deputy Foreign Minister Rogelio Sierra after concluding what was the first visit by a Salvadoran president to Cuba in 50 years.

LAHT, MEXICO CITY - Mexico sold $1 billion worth of 100-year bonds on foreign markets in the largest issue of this type in Latin America, the Finance Secretariat said.  The bonds, which come due in 2110, carry a coupon rate of 5.75 percent and have a yield to maturity of 6.10 percent.

ROAD TOWN, BVI -- At 5:00 pm on Wednesday, a subtropical depression in the Western Atlantic was upgraded to subtropical storm Otto. Also on Wednesday, Governor Boyd McCleary issued a state of emergency for the British Virgin Islands in a 4:00 pm press conference. Four shelters have been opened up to accommodate displaced residents that may be affected by flooding.


"Beware of the man who does not talk, and the dog that does not bark." Cheyenne
by maracatu on Wed Oct 6th, 2010 at 11:18:09 PM EST
[ Parent ]
All Drugs Should Be Legalized Immediately,

...says Harvard economics professor Jeffrey Miron....Pot, cocaine, LSD, crystal-meth --- you name it.

"Legalizing drugs would save roughly $41.3 billion per year in government expenditure on enforcement of prohibition. Of these savings, $25.7 billion would accrue to state and local governments, while $15.6 billion would accrue to the federal government," Miron claims in a recent Cato Institute report he co-authored.

According to their website, "The report also estimates that drug legalization would yield tax revenue of $46.7 billion annually, assuming legal drugs were taxed at rates comparable to those on alcohol and tobacco. Approximately $8.7 billion of this revenue would result from legalization of marijuana and $38.0 billion from legalization of other drugs."

....

Our current drug policy doesn't work, Miron observes. Despite ~$40 billion spent on enforcement and prosecution, drug use is still widespread.  Meanwhile, because the products are illegal, they're dangerous, low-quality, and unregulated, and they generate zero tax revenue.

Legalizing drugs would solve those problems, Miron says.  It would help close the budget deficit.  And it would eliminate a bizarre double standard, in which Americans are encouraged to drink and smoke themselves to death -- while guzzling addictive coffee and tea -- but become criminals if they dare to get stoned.

At last! What I like about Harvard economics professors and the Cato Institute. My inner libertarian rejoices. We could replace the "War on Drugs" with a "War Against Being Un-Cool". A lot cheaper, regardless how it comes out.

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Oct 7th, 2010 at 12:25:57 AM EST
[ Parent ]
Ha'aretz
Until 2008 the Israel Air Force was a frequent guest in Turkey's sky and a regular participant in the country's big annual exercise, Anatolian Eagle.

In the wake of Operation Cast Lead and the subsequent deterioration of bilateral relations Turkey last year revoked Israel's participation in the maneuvers. The United States decided not to take part in the exercise this year because of that decision. A number of other NATO members followed suit.

Did nobody in the U.S. think first? The result should have been predictable
Turkey replaced the Israel Air Force with its Chinese counterpart. China sent Sukhoi SU-27 fighter aircraft and pilots to train with Turkey's F-16 fighters. In the past these exercises were held in relatively openness, but last week they were held covertly, with only a brief report appearing in the Turkish media after the exercise.
At which point the U.S. seems to have realized the consequences
The West has been watching the changes in the Chinese army's structure, and especially the long-range naval and aerial exercises that indicate Beijing's intention to acquire the ability to conduct warfare far from China's borders.
by gk (gk (gk quattro due due sette @gmail.com)) on Thu Oct 7th, 2010 at 05:01:46 AM EST
[ Parent ]
by In Wales (inwales aaat eurotrib.com) on Wed Oct 6th, 2010 at 12:46:18 PM EST
Report: White House Kept Key Information From Public in Weeks After Oil Spill « The Washington Independent

The national oil spill commission released today four reports written by commission staff assessing the government's response to the Gulf oil spill. The reports offer a detailed look at the oil spill from a number of angles, including the use of chemical dispersants to break up the oil that spewed into the Gulf and the efforts of the government's Unified Command.

One report, "The Amount and Fate of the Oil Spill," offers many new details on how the government and BP estimated the size of the oil spill in the weeks after the Deepwater Horizon explosion. It suggests that the federal government kept key information from the public in the weeks after the spill, with the White House in at least one case rejecting a request by government scientists to reveal to the public worst-case scenario flow rate data.

The report says BP's initial estimate that 1,000 barrels of oil per day were leaking out of the was essentially pulled out of thin air.



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 Oct 6th, 2010 at 01:14:01 PM EST
[ Parent ]
Wind farms extend growing season in certain regions
Wind power is likely to play a large role in the future of sustainable, clean energy, but wide-scale adoption has remained elusive. Now, researchers have found wind farms' effects on local temperatures and proposed strategies for mediating those effects, increasing the potential to expand wind farms to a utility-scale energy resource.

Led by University of Illinois professor of atmospheric sciences Somnath Baidya Roy, the research team will publish its findings in the Proceedings of the National Academy of Sciences. The paper will appear in the journal's Online Early Edition this week.

Roy first proposed a model describing the local climate impact of wind farms in a 2004 paper. But that and similar subsequent studies have been based solely on models because of a lack of available data. In fact, no field data on temperature were publicly available for researchers to use, until Roy met Neil Kelley at a 2009 conference. Kelley, a principal scientist at the National Wind Technology Center, part of the National Renewable Energy Laboratory, had collected temperature data at a wind farm in San Gorgonio, Calif., for more than seven weeks in 1989.

Analysis of Kelley's data corroborated Roy's modeling studies and provided the first observation-based evidence of wind farms' effects on local temperature. The study found that the area immediately surrounding turbines was slightly cooler during the day and slightly warmer at night than the rest of the region.

by Nomad (Bjinse) on Wed Oct 6th, 2010 at 01:28:20 PM EST
[ Parent ]
uh ...

this has been known and used in orchards for decades.

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

by ATinNM on Thu Oct 7th, 2010 at 11:51:26 AM EST
[ Parent ]
Cape Wind awarded federal lease

A controversial proposed 130-turbine wind farm in Nantucket Sound has been awarded the nation's first lease for offshore commercial wind power generation, US Interior Secretary Ken Salazar announced this morning.

The 28-year lease for 25 square miles in federal waters will cost Cape Wind an annual fee of $88,278 and a 2 to 7 percent operating fee during production based on revenue from selling the energy.



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 Oct 6th, 2010 at 01:40:45 PM EST
[ Parent ]
NASA - NASA Partnership Sends Earth Science Data to Africa

PASADENA, Calif. - A unique partnership between NASA and agencies in Africa and Europe has sent more than 30 terabytes of free Earth science satellite data to South African researchers to support sustainable development and environmental applications in Africa.

The data from one of the instruments on NASA's Terra satellite provide observations of Africa's surface and atmosphere, including vegetation structure, airborne pollution particles, cloud heights and winds. Transfer of these data to a distribution center in Africa will make it broadly accessible to African users who have not been able to remotely download the large data files because of limitations in the continent's Internet infrastructure.



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 Oct 6th, 2010 at 02:02:00 PM EST
[ Parent ]
First 'Citizens' Initiative' to call for GM crop freeze | EurActiv
A petition for a Europe free of genetically modified organisms (GMOs) has hit the one million signatories target and will be handed to European Commission President José Manuel Barroso, campaigners have announced.

The petition calling for a moratorium on all new GM crop production in Europe until a proper safety regime has been put in place was launched in March 2010.

Spearheaded by Greenpeace, the initiative follows the authorisation by the Commission of a BASF antibiotic-resistant GM potato that month - the bloc's first GM cultivation approval in 12 years.

According to Greenpeace, one million signatures from across every country in the EU were collected by 28 September and "signatures continue to pour in from across Europe".

by Nomad (Bjinse) on Wed Oct 6th, 2010 at 02:02:13 PM EST
[ Parent ]
Court rules rBGH-free milk is better than the kind produced with artificial hormones. Now what? | Grist
Earlier this week, the Sixth Circuit Court of Appeals overturned the state of Ohio's ban on labels that identify milk as rBST- or rBGH-free, meaning produced without the use of artificial bovine growth hormone. Consumer and organic food groups were jubilant at the Ohio news, which may have far-reaching repercussions not only for all milk, but for genetically engineered foods.


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 Oct 6th, 2010 at 03:18:30 PM EST
[ Parent ]
is bad for you!

A sad day indeed. A defeat for the right to keep people ignorant about what they eat.

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

by eurogreen on Thu Oct 7th, 2010 at 01:16:27 PM EST
[ Parent ]
France24 - Food aid is wrecking Haiti's agriculture sector, says Oxfam report
Leading humanitarian agency Oxfam believes anti-competition policies and farm subsidies in the US have hobbled Haiti's agricultural sector by undermining local food production.

International food aid to Haiti following the devastating January earthquake no doubt saved many lives in the impoverished Caribbean island nation. But a new report by a leading international NGO warns that the delivery of subsidised food - especially from the US -, while well-intentioned, is fatally undermining Haiti's critical agricultural sector and its hopes of economic recovery.

In a report released this week, UK-based international charity Oxfam said the international community's food aid effort in quake-shattered Haiti had undercut the agricultural sector, which employs over 66 percent of the country's  workforce.   When buying their staple foods, Haitians have a choice between extremely cheap produce imported from the US, which is grown on massively subsidised super-farms, or the locally-grown varieties.   Local producers cannot compete and consequently the agricultural sector is in terminal decline, the humanitarian organisation says.



"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Wed Oct 6th, 2010 at 03:19:49 PM EST
[ Parent ]
France24 - Solar surprises raise questions for climate models
Scientists found that a decline in the Sun's activity did not lead as expected to a cooling of the Earth, a surprise finding that could have repercussions for computer models on climate change.

The Sun's activity is known to wax and wane over 11-year cycles, which means that in theory the amount of radiation reaching Earth declines during the "waning" phase.

The new study was carried out between 2004 and 2007 during a solar waning phase.

The amount of energy in the ultraviolet part of the energy spectrum fell, the researchers found.

But, contrary to expectation, radiation in the visible part of the energy spectrum increased, rather than declined, which caused a warming effect.



"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Wed Oct 6th, 2010 at 03:38:17 PM EST
[ Parent ]
Lead poisoning kills 400 children in Nigeria | RFI
Lead poisoning has killed 400 children under five over the past six months in Northern Nigeria, according to international humanitarian group Medecins sans Frontieres, saying that the number of fatalities could increase.

The epidemic is linked to the illegal gold mining in Zamfara state, where villagers bring home lead-laden dirt to sift through to find gold. They inhale the lead-laden dust while working on the dirt and become ill. Mining for gold is more lucrative than the traditional farming, leading to the rising number of homes that process the dirt.



"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Wed Oct 6th, 2010 at 04:42:34 PM EST
[ Parent ]
by In Wales (inwales aaat eurotrib.com) on Wed Oct 6th, 2010 at 12:46:34 PM EST
BBC News - Chimp Charlie dies at 52 despite smoking habit

A chimpanzee famous for smoking cigarettes has died at a South African zoo, aged 52.

Charlie the chimp started smoking when some visitors to Mangaung zoo, in Bloemfontein, threw him lit cigarettes.

Zoo spokesman Qondile Khedama said Charlie had become an institution, entertaining thousands of visitors every year with his antics.

An autopsy is being conducted to determine the cause of death.

For years, zookeepers had been trying to get the chimp to kick the habit, and they discouraged visitors from giving him cigarettes.

by Nomad (Bjinse) on Wed Oct 6th, 2010 at 01:12:29 PM EST
[ Parent ]
Rotterdam museum discovers 'new' Rembrandt | Radio Netherlands Worldwide

The Boijmans van Beuningen Museum in Rotterdam has found itself to be the proud owner of an extra Rembrandt. The painting Tobias and his wife has always been attributed to one of the 17th-century master's pupils, but according to Rembrandt expert Ernst van de Wetering, it's by Rembrandt himself.

Museum director Sjarel Ex: "The painting was on display, but not in the museum. It was hanging in one of the reception rooms. Then one day we had a visit from Ernst van de Wetering, the driving force and brains behind the Rembrandt Research Project.

Better look
Van de Wetering said he'd like to get a better look at the thing, with some people and some microscopes. At a certain point it became evident that in his mind he was attributing this painting, this Barent Fabricius, to Rembrandt."

And indeed, this is just what the study concluded. Ernst van de Wetering is absolutely positive: the painting is "undoubtedly" the work of the master.

by Nomad (Bjinse) on Wed Oct 6th, 2010 at 01:15:59 PM EST
[ Parent ]
Jordan rejects TV jamming charge - Middle East - Al Jazeera English

The Jordanian government has officially denied that the jamming of Al Jazeera's broadcast of the 2010 World Cup happened from its territory.

In a written statement to Al Jazeera on Wednesday, the Jordanian minister for information "categorically rejects" the allegations that Jordan was behind disrupting the signal.

The statement followed a report in the UK-daily Guardian alleging that "secret documents" prove that Jordan deliberately jammed Al Jazeera's broadcast of the World Cup games in South Africa.

The signal interruptions frustrated millions of viewers across the Middle East and North Africa, who had to deal with pixelated, fuzzy images, blank screens and game commentary in wrong languages.



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 Oct 6th, 2010 at 01:24:58 PM EST
[ Parent ]
Why I spoofed science journalism | Martin Robbins | Science | guardian.co.uk

Bizarrely, the most read article on the Guardian website last week wasn't about Ed Miliband or the Labour party conference, but a quirky special-interest piece spoofing science journalism which I assumed only about three people would get. Apparently I hit a nerve, but why? What's wrong with science journalism? How did it become so dull and predictable? And how do we fix it?

My point was really about predictability and stagnation. The formula I outlined - using a few randomly picked BBC science articles as a guide - isn't necessarily an example of bad journalism; but
science reporting is predictable enough that you can write a formula for it that everyone recognises, and once the formula has been seen it's very hard to un-see, like a faint watermark at the edge of your vision.

by Nomad (Bjinse) on Wed Oct 6th, 2010 at 01:27:33 PM EST
[ Parent ]
Exclusive: The unseen photographs that throw new light on the First World War - Europe, World - The Independent

The place, according to a jokingly chalked board, is "somewhere in France". The time is the winter of 1915 and the spring and summer of 1916. Hundreds of thousands of British and Empire soldiers, are preparing for The Big Push, the biggest British offensive of the 1914-18 war to date.

A local French photographer, almost certainly an amateur, possibly a farmer, has offered to take pictures for a few francs. Soldiers have queued to have a photograph taken to send back to their anxious but proud families in Britain or Australia or New Zealand.

Sometimes, the Tommies are snapped individually in front of the same battered door or in a pear and apple orchard. Sometimes they are photographed on horseback or in groups of comrades. A pretty six-year-old girl - the photographer's daughter? - occasionally stands with the soldiers or sits on their knees: a reminder of their families, of human tenderness and of a time when there was no war.

by Nomad (Bjinse) on Wed Oct 6th, 2010 at 01:32:21 PM EST
[ Parent ]
My God, Russell Crowe and Arnold Schwarzenegger were in World War One?

We all bleed the same color.
by budr on Wed Oct 6th, 2010 at 05:29:30 PM EST
[ Parent ]
Rare oasis of life discovered near geothermal vents on floor of Yellowstone Lake
Montana State University researchers have discovered a rare oasis of life in the midst of hundreds of geothermal vents at the bottom of Yellowstone Lake.

A colony of moss, worms and various forms of shrimp flourishes in an area where the water is inky black, about 90 degrees Fahrenheit, and a cauldron of nutrients, gases and poisons, the researchers reported in the September issue of Geobiology.

The vent is close to 100 feet below the surface of Yellowstone Lake and a third of a mile offshore in the West Thumb region. The worms and shrimp live among approximately two feet of moss that encircles the vent.


Hat tip naked capitalism

"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Wed Oct 6th, 2010 at 01:41:32 PM EST
[ Parent ]
Life is persistent.  If it is at all possible for life to exist in a biological niche -- there you will find it.  

The impossible biological niches take a little more time.

:-)

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

by ATinNM on Thu Oct 7th, 2010 at 12:03:16 PM EST
[ Parent ]
Lallands Peat Worrier: Domestic abuse legal loophole closed...
You may have been sleeping. You may have been sat in your smoking jacket and your fez, enjoying a beaker of port. You may have been sat in your underpants playing late-night internet poker and slamming espresso shots. Either way, at 00.01 am this morning, the pithily named Criminal Justice and Licensing (Scotland) Act 2010 (Commencement No. 2) Order 2010 brought §38 of that Act into force, speedily closing a legal loophole that effectively legalised non-assault domestic abuse in Scotland.


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 Oct 6th, 2010 at 02:12:06 PM EST
[ Parent ]
BBC News - US Supreme Court hears military funeral protest case

The US Supreme Court has heard arguments about whether a fundamentalist church had the right to protest at a Marine's funeral.

The father of a Marine killed in Iraq is asking the court to reinstate a $5m (£3m) civil verdict against members of Westboro Baptist Church.

Members had carried signs with slogans like "Thank God for Dead Soldiers".

The case is being seen as a test of the First Amendment to the US Constitution, which ensures the right to free speech.



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 Oct 6th, 2010 at 02:24:55 PM EST
[ Parent ]
BBC News - Indian language is new to science
Researchers have identified a language new to science in a remote region of India. Known as Koro, it appears to be distinct from other languages in the family to which it belongs; but it is also under threat.

Koro was discovered by a team of linguists on an expedition to Arunachal Pradesh, in north-eastern India. The team was part of National Geographic's "Enduring Voices" project on threatened indigenous languages.

The researchers were searching for two other little-known languages spoken only in one small area. As they heard and recorded these, they found a third which was completely new to them and had never before been listed.


Hat tip naked capitalism

"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Wed Oct 6th, 2010 at 03:10:50 PM EST
[ Parent ]
BBC News - Dinosaur origins pushed further back in time
The first dinosaur-like creatures emerged up to nine million years earlier than previously thought. That is the conclusion of a study on footprints found in 250 million-year-old rocks from Poland.

Writing in a Royal Society journal, a team has named the creature that made them Prorotodactylus. The prints are small - measuring a few centimetres in length - which suggests the earliest dinosaur-like animals were about the size of domestic cats.



"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Wed Oct 6th, 2010 at 03:12:14 PM EST
[ Parent ]
Independent: Is the publishing industry doomed?

"Technology has made virtually anything possible," says Neill Denny, editor-in-chief of the publishing industry magazine The Bookseller. "If you look at it conceptually - there's a five-link chain between the person who writes and the person who reads. You've got Author-Agent- Publisher-Retailer-Reader. Theoretically, the three middle bits could all now vanish and the author could write online directly to the reader."

However, he continues, "A more likely possibility is that just one of the three central links will vanish on-line. It could be that Amazon, the retailer, becomes the publisher. Or that the agent becomes the publisher, or the publisher becomes the retailer, and you go to a publisher's site to buy the book. One of those links will certainly disappear on-line. We just don't know which."



You can't be me, I'm taken
by Sven Triloqvist on Wed Oct 6th, 2010 at 10:31:16 PM EST
[ Parent ]
The Nobel Prize in Literature 2010
The Nobel Prize in Literature 2010 was awarded to Mario Vargas Llosa "for his cartography of structures of power and his trenchant images of the individual's resistance, revolt, and defeat".


"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Thu Oct 7th, 2010 at 07:07:22 AM EST
[ Parent ]
Mario Vargas Llosa

"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Thu Oct 7th, 2010 at 07:17:58 AM EST
[ Parent ]

While he initially supported the Cuban revolutionary government of Fidel Castro, Vargas Llosa later became disenchanted. He ran for the Peruvian presidency in 1990 with the center-right Frente Democrático (FREDEMO) coalition, advocating neoliberal reforms. He has subsequently supported moderate conservative candidates.

Though he's likely most famous for giving García Marquez a black eye.

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

by Crazy Horse on Thu Oct 7th, 2010 at 07:43:59 AM EST
[ Parent ]
Yes. And he is one of the greatest writers, together with Garcia Marquez who supports unconditionally Fidel Castro's authoritarian regime...

I love many of his books, first of all Conversation in the Cathedral and The War of the End of the World.

By the way, his book The Feast of the Goat is a ferocious description of dictatorship of Trujillo and a major part of his book The Way to Paradise is an aulogy of early socialist and trade union activist Flora Tristan...

"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char

by Melanchthon on Thu Oct 7th, 2010 at 08:08:24 AM EST
[ Parent ]
"Le paradis... un peu plus loin" in French. Fascinating about 19th century patriarchal socialism, and the spontaneous invention of feminism. If I remember correctly, Vargas Llosa claims Flora Tristan as a possibly apocryphal ancestor, which would make him some sort of cousin to Gaugin, the other subject of the novel.

I must read some more of his stuff. I wonder, should I wait until I can read Spanish adequately? I may die first.

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

by eurogreen on Fri Oct 8th, 2010 at 03:31:48 AM EST
[ Parent ]
Depends on the quality of the translation.

It's been a while since I read any Vargas Llosa so I cannot say whether the style or language is too difficult.

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan

by Carrie (migeru at eurotrib dot com) on Fri Oct 8th, 2010 at 03:33:45 AM EST
[ Parent ]
Americans' life expectancy continues to fall behind other countries'

The researchers say that the failure of the U.S. to make greater gains in survival rates with its greater spending on health care may be attributable to flaws in the overall health care system. They point to the role of unregulated fee-for-service payments and our reliance on specialty care as possible drivers of high spending without commensurate gains in life expectancy.

"It was shocking to see the U.S. falling behind other countries even as costs soared ahead of them," said lead author Peter Muennig, assistant professor at Columbia University's Mailman School of Public Health. "But what really surprised us was that all of the usual suspects--smoking, obesity, traffic accidents, and homicides--are not the culprits. The U.S. doesn't stand out as doing any worse in these areas than any of the other countries we studied, leading us to believe that failings in the U.S. health care system, such as costly specialized and fragmented care, are likely playing a large role in this relatively poor performance on improvements in life expectancy."

"This study provides stark evidence that the U.S. health care system has been failing Americans for years," said Commonwealth Fund President Karen Davis. "It is unacceptable that the U.S. obtains so much less than should be expected from its unusually high spending on health care relative to other countries."

by Bernard (bernard) on Thu Oct 7th, 2010 at 07:44:49 AM EST
[ Parent ]
by In Wales (inwales aaat eurotrib.com) on Wed Oct 6th, 2010 at 12:46:50 PM EST
BBC News - Saudi prince 'not in gay relationship with victim'

A Saudi prince accused of murder was not in a gay relationship with the alleged victim, his lawyer has said.

Bandar Abdulaziz, 32, was found beaten and strangled in central London's Landmark Hotel, on 15 February.

Saud Abdulaziz bin Nasser al Saud, 34, admits manslaughter but denies murder and a separate count of causing grievous bodily harm with intent.



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 Oct 6th, 2010 at 01:33:44 PM EST
[ Parent ]
FT.com / Global Economy - Financial crisis gives Nobel Foundation no peace
This year's Nobel laureates will receive the lowest prize money in real terms for a decade after the annual pay-out was frozen for the eighth successive year amid financial pressure on the foundation that manages Alfred Nobel's endowment.

The prize for each of the six awards, which are being announced in Stockholm this week, has remained at SKr10m ($1.5m) since 2001 and is at its lowest level in real terms since 1999.

The fund lost 22.3 per cent of its value during the 2008 financial crisis and, while some losses have since been recouped, its SKr3.11bn value at the end of last year remained nearly a third lower than at the height of the dotcom bubble a decade earlier.

The fall in the prize money contrasts with the prior decade, when the pay-out increased almost every year, after falling to as low as SKr2.2m in real terms in 1919 and languishing below its original 1901 SKr7.9m level until 1991.



"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Wed Oct 6th, 2010 at 01:43:02 PM EST
[ Parent ]
Having faith 'helps patients live longer', study suggests - Telegraph

Research into liver transplant patients found those who were actively "seeking God" had a better survival rate than those who did not hold religious beliefs, regardless of which faith they held.

They found some patients were up to three times more likely to survive by having a "strong religious connection", even if they didn't attend church.

by Nomad (Bjinse) on Wed Oct 6th, 2010 at 02:03:10 PM EST
[ Parent ]
France24 - Erotic calendar wishes 'Happy Birthday, Mr Putin'
Lingerie-clad students from Moscow's most renowned university have posed in an erotic calendar proclaiming their love for Prime Minister Vladimir Putin, who turns 58 on Thursday.

The calendar, called "Vladimir Vladimirovich, We love you. Happy Birthday Mr Putin," features twelve women wearing only underwear and pouting at the camera with saucy slogans.

The women are all named as journalism students at the Moscow State University and a spokeswoman for the faculty confirmed to AFP that the models study there.

Clad in a black lace negligee, Miss March, Lena Gornostayeva, wishes Putin a happy birthday with the message: "You put out the forest fires, but I'm still burning."



"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Wed Oct 6th, 2010 at 03:43:48 PM EST
[ Parent ]
France24 - Canadian drives into a marsh using GPS
A Canadian woman had to be rescued from the roof of her submerged car after driving into an isolated marsh as she relied on GPS navigation, police said Wednesday.

The Ontario Provincial Police said the woman called 911 emergency services on her cellphone for help, after she became lost on her way to work east of Toronto late Tuesday.

"She advised she was standing on top of her car as it was submerged in a heavy marsh," police said in a statement. "She was following her GPS (Global Positioning System) directions and became lost."



"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Wed Oct 6th, 2010 at 04:46:01 PM EST
[ Parent ]
BBC News - 'Disgusting' sculpture stays on show in Milan

Milan city council has extended the display of a controversial new sculpture by Italy's most famous living artist, Maurizio Cattelan.

The sculpture - officially titled L.O.V.E. but popularly known as The Middle Finger - will now remain in the Piazza d'Affari outside the Milan stock exchange until the end of a retrospective of Cattelan's work in the city on 24 October.

Now admirers of the artist's work are pressing for the piazza to become its permanent home.



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 Oct 6th, 2010 at 07:07:38 PM EST
[ Parent ]
National Portrait Gallery to put EO Hoppé back in the frame | Art and design | guardian.co.uk
The man who was one of the most famous photographers in the world in the 1920s - courted by the rich and famous when not going on street photography safaris with his friend George Bernard Shaw, yet almost forgotten when he died in 1972 - will be celebrated in a new exhibition at the National Portrait Gallery, it was announced today.


Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Thu Oct 7th, 2010 at 09:18:01 AM EST
[ Parent ]
I just got an email from an ardent fan of a band I used to produce. He was 10 years old at the height of their fame. The bass player and guitarist are long gone to Valhallah, to await Ragnarok (The Doom of the Gods). Maybe Ragnarock? So its just me and the drummer.

Anyway he wants to meet up and chat, and have me sign his albums. I would have said no - though I don't mind doing it if I'm at an event. But then I checked him out. Seems he's a Dr Soc. Sc. and a leading world expert on: Activity Theory

Activity theory theorizes that when individuals engage and interact with their environment, production of tools results. These tools are "exteriorized" forms of mental processes, and as these mental processes are manifested in tools, they become more readily accessible and communicable to other people, thereafter becoming useful for social interaction....

...Activity theory is a psychological meta-theory, paradigm, or framework, with its roots in Lev Semyonovich Vygotsky's cultural-historical psychology. Its founders were Alexei N. Leont'ev (1903-1979), and Sergei Rubinshtein (1889-1960) who sought to understand human activities as complex, socially situated phenomena and go beyond paradigms of psychoanalysis and behaviorism. It became one of the major psychological approaches in the former USSR, being widely used in both theoretical and applied psychology, in areas such as education, training, ergonomics, and work psychology.

I guess it will be a mutually beneficial meeting, though I'm sure we'll be talking at cross-purposes. Do we talk paradigms or plectrums?

You can't be me, I'm taken

by Sven Triloqvist on Thu Oct 7th, 2010 at 10:29:50 AM EST
[ Parent ]
Hmm...

Rings with Veblen's the instinct of workmanship.

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan

by Carrie (migeru at eurotrib dot com) on Thu Oct 7th, 2010 at 10:37:08 AM EST
[ Parent ]
Thanks for reminding us of this brilliant Techno diary.

You can't be me, I'm taken
by Sven Triloqvist on Thu Oct 7th, 2010 at 10:47:52 AM EST
[ Parent ]


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