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European Salon de News, Discussion et Klatsch - 27 March

by Fran Fri Mar 26th, 2010 at 04:02:55 PM EST

 A Daily Review Of International Online Media 


Europeans on this date in history:

1920 – Birth of Robin Jacques, a British illustrator whose work was published in more than 100 novels and children's books in the 20th century. (d. 1995)

More here and here

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

by DoDo on Fri Mar 26th, 2010 at 02:14:32 PM EST
Gordon Brown blocks move for EU treaty changes - Europe, World - The Independent

Prime Minister Gordon Brown this afternoon rebuffed German suggestions of more EU Treaty changes - insisting that Europe's governments had already ruled that out for at least the next few years.

With the dust still settling on bitter battles over the failed EU constitution and the beleaguered Lisbon Treaty, Mr Brown moved swiftly at a Brussels summit to put down a marker for no more institutional upheaval.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Fri Mar 26th, 2010 at 02:42:15 PM EST
[ Parent ]
Resignation of key aide upstages Ashton's foreign policy plans - Europe, World - The Independent

The EU's new foreign policy chief Catherine Ashton suffered a fresh blow to her reputation yesterday, with the resignation of her chief spokesman even as she unveiled details of the almighty new European diplomatic service she will run.

Baroness Ashton's grand announcement yesterday on the 7,000-strong foreign service was meant to turn a page on weeks of embarrassing criticism which suggested she was out of her depth and not up to the demanding new job she occupies.

But hopes of asserting her authority were overshadowed by the announcement of her spokesman Lutz Güllner that he was leaving the post he has held since Lady Ashton was appointed at the end of last year.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Fri Mar 26th, 2010 at 02:49:22 PM EST
[ Parent ]
EUobserver / Ashton presents outline of diplomatic service

EUOBSERVER / BRUSSELS - In a bid to convince the European Commission to sign up to her plans for a European diplomatic service, EU foreign policy chief Catherine Ashton has been forced to make an awkward power-sharing compromise in development policy, worth billions of euros annually.

Announcing the proposals on Thursday (25 March) a week earlier than expected, the EU's top diplomat said the service would "strengthen the coherence and effectiveness of the EU's global role."

by In Wales (inwales aaat eurotrib.com) on Fri Mar 26th, 2010 at 03:18:22 PM EST
[ Parent ]
EUobserver / [Video] Commission pressed to protect work-free Sundays

EUOBSERVER / BRUSSELS - A third of euro-deputies have signed an appeal urging the European Commission to include work-free Sundays into an upcoming review of EU rules on working time, with the responsible commissioner pledging to "take into account" these views in his proposals due this autumn.

"Currently, it is up to member states to define Sunday as their weekly resting day, and in doing so, by taking into consideration cultural, ethnic and religious diversity," EU employment commissioner Laszlo Andor told MEPs during a conference organised by the parliament's centre-right group in support of work-free Sundays.

by In Wales (inwales aaat eurotrib.com) on Fri Mar 26th, 2010 at 03:19:12 PM EST
[ Parent ]
Stanishev: EU 2020 plan needs stronger social element | EurActiv

The 'Europe 2020' strategy recently presented by the European Commission needs clearer indicative goals and should be more social and cohesive, Bulgarian socialist leader Sergey Stanishev told EurActiv in an interview.

Stanishev was in Brussels to attend a meeting of the Party of European Socialists prior to a summit of EU leaders which ends today (26 March). He was Bulgarian prime minister until last summer, when national elections were won by the European People's Party-affiliated GERB party led by Boyko Borissov, who is the new head of government.



*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Fri Mar 26th, 2010 at 03:34:59 PM EST
[ Parent ]
EUobserver / [Video] Commission pressed to protect work-free Sundays
Switzerland is ready to lift a travel ban on some Libyan citizens in order to persuade Tripoli to drop a tit-for-tat ban on all travelers from Europe's border-free Schengen zone, the BBC reports. The row started in 2008, after Genevan police briefly arrested the son of Libyan leader Muammar Gaddafi.
by In Wales (inwales aaat eurotrib.com) on Fri Mar 26th, 2010 at 03:19:47 PM EST
[ Parent ]
Civic Democrats replace besieged election leader - Radio Prague

Civic Democrat chairman Mirek Topolánek will not lead his party into May's general elections. After days of strife over clumsy comments on gays and Jews the former prime minister made in an informal interview for a Czech gay magazine, the party leadership urged him on Thursday to step down as election leader, and to seriously consider resigning as party chairman.


Mirek Topolánek, Petr Nečas (right), photo: CTK

After a heated, five-hour debate on Thursday, Mr Topolánek said he was going to step down as the Civic Democrat election leader. He was replaced by senior Civic Democrat politician Petr Nečas, who said he appreciated Mr Topolánek's decision.



*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Fri Mar 26th, 2010 at 03:28:22 PM EST
[ Parent ]
SPD chief speaks out against anti-Islamic protests | Germany | Deutsche Welle | 26.03.2010

The leader of the German Social Democratic Party (SPD) Sigmar Gabriel began a tour of mosques in the Ruhr region of North Rhine-Westphalia on Friday. His aim was to speak out against a series of anti-Islamic demonstrations planned by the far-right party Pro-NRW.

"We shouldn't overestimate them," Gabriel told an audience at the Merkez mosque in Gelsenkirchen. "But we shouldn't underestimate them either."

Pro-NRW had earlier announced plans for a Saturday conference to discuss a minaret ban, and had also scheduled a demonstration march for Sunday at the biggest mosque in Germany, located in Duisburg-Marxloh.

by In Wales (inwales aaat eurotrib.com) on Fri Mar 26th, 2010 at 03:34:32 PM EST
[ Parent ]
German upper house says 'no' to dual citizenship | Germany | Deutsche Welle | 26.03.2010

On Friday the upper house of the German parliament, the Bundesrat, voted down a petition to allow dual citizenship for the German-born children of foreign nationals.

City-states Berlin and Bremen were joined by the state of Brandenburg in proposing to reverse a law made in 2000, under which children born to foreign nationals in Germany must choose one citizenship by their twenty-third birthday.

Berlin's home affairs senator Ehrhart Koerting argued that allowing dual citizenship would lead to a happier integration of foreign nationals.

by In Wales (inwales aaat eurotrib.com) on Fri Mar 26th, 2010 at 03:35:12 PM EST
[ Parent ]
Berlin's home affairs senator Ehrhart Koerting argued that allowing dual citizenship would lead to a happier integration of foreign nationals.
----------
Of course! In the world so "globalized" it's only normal for people to have not dual but multiple citizenship.
Thank God that Serbia changed this rigid stand they had just few years ago. I have 3 citizenships and I would like my granddaughter to have 3 too (father is from NZ).
There is nothing wrong with it...except maybe if two countries star war between them.

Science without religion is lame, religion without science is blind...Albert Einstein
by vbo on Sat Mar 27th, 2010 at 09:15:45 AM EST
[ Parent ]
Gordon Brown and Alistair Darling regain economic lead over Conservatives - Telegraph

Some 33 per cent of those questioned for BBC2's The Daily Politics said they trusted Labour's Prime Minister and Chancellor most to steer Britain's economy through the downturn, against 27 per cent favouring David Cameron and George Osborne and 13 per cent the Liberal Democrats' Nick Clegg and Vince Cable.

The poll comes after Mr Darling's admission yesterday that spending cuts under Labour would go further than those of Margaret Thatcher's first term.

The last time pollsters ComRes asked the same question in a survey for the programme in December, the Tory team were in the lead by 33 per cent to 26 per cent.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Fri Mar 26th, 2010 at 03:37:42 PM EST
[ Parent ]
I think these polls are all over the place now. While I accept that the tories have fallen back I think the public have become very volatile on where they might place their vote.

The only poll that matters will be the one that happens on election day.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Fri Mar 26th, 2010 at 04:24:46 PM EST
[ Parent ]
Times - Matthew Parris - Put down your saucepans and face the facts

As per my comment just recently that people are turning back to Labour to preserve the welfare state in case they lose their jobs.

I had a long talk with Rob, very recently.
He's about 30 and I've known him since he was at university, where he was a keen Tory student activist. He's always followed politics and has a good grasp, a completely Conservative attitude,
[....]
"Something funny's happening to me," he said. "I'm getting doubtful about voting Conservative. I think it's insecurity."

I should explain that Rob and his wife do quite low-paid jobs, working shifts so that one of them is always at home to look after the children. With a little help from Rob's father they scraped together the deposit for a small terraced house, and they have what's for them a hefty monthly mortgage payment, fixed for the moment at around 5 per cent interest.

"We just about manage," Rob said, "but we're very dependent on family tax credit payments, on top of our wages. State benefits are worth around £200 a month to us.

"And the thing is, jobs like ours aren't particularly secure. And I keep thinking: what if there's an election, then a big squeeze, and the economy goes back into recession, and maybe even benefits have to be cut, and . . . and . . .

and what's revealing is that Parris completely misinterprets why they're wavering. He's not poor, never been poor so he has got no idea what such insecurity means. If Labour had anybody who had been poor then they could probably exploit this incomprehension, but sadly all of the labour policy makers have also been well heeled all their lives.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Fri Mar 26th, 2010 at 04:33:17 PM EST
[ Parent ]
I wonder however whether the Hoon-Byers-Hewitt scandal will not counter-balance the Ashton affair...

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Fri Mar 26th, 2010 at 05:23:38 PM EST
[ Parent ]
I think that if it had happened another time in the month it would have, but everyone was winding up for the Budget, so it all just got rolled into the "politicians are all crooks" thing which was done to death last year and so people have been sitting there thinking "Ho hum more of the same"

A day or two later and instead of it exploding, it got swamped by the budget. Honestly it really couldnt have happened at a better time in the election for Labour

Any idiot can face a crisis - it's day to day living that wears you out.

by ceebs (ceebs (at) eurotrib (dot) com) on Fri Mar 26th, 2010 at 05:47:54 PM EST
[ Parent ]
I dunno, but when you remember that Hoon and Hewitt were the leaders of the coup against Brown that never happened earlier this year you wonder if Gordon hasn't retreated to his lair for a damn good belly laugh about the way things turned out.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Fri Mar 26th, 2010 at 06:07:57 PM EST
[ Parent ]
Al Jazeera English - Europe - EU sets economic reform strategy

European Union leaders have called for economic reforms to prevent a repeat of Greece's debt crisis and boost growth in the region following a summit in Brussels.

The "Europe 2020" economic strategy aims to put all EU nations on the path of sound public finances, job creation and sustained growth.

The move comes after Greece's national deficit spiralled out of control, flauting EU budget limits on debt and deficits and threatening to devalue the euro.

Jose Luis Rodriguez Zapatero said "a coordinated economic policy was absolutely essential" if the EU as a whole is to become more competitive.

The strategy, agreed on during a two-day summit in the Belgian capital, commits the bloc to boosting employment for citizens aged 20-64, increasing research spending by governments and companies and reducing the number of people living in poverty.

It also aims to generate more renewable power and reduce energy consumption as part of the EU's ambition to slash greenhouse gas emissions by 2020.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Fri Mar 26th, 2010 at 03:59:39 PM EST
[ Parent ]
And they will do this by having everyone become a net exporter.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Fri Mar 26th, 2010 at 10:18:10 PM EST
[ Parent ]
Guardian: Ian Tomlinson family waits for answers one year on from London G20 protests

The widow of Ian Tomlinson, the man who died at the G20 protests, has launched an emotional attack on the director of public prosecutions, accusing him of letting her down over his failure to decide whether the officer who assaulted her husband should be charged with manslaughter.

Julia Tomlinson accused Keir Starmer, who heads the Crown Prosecution Service, of misleading her family. Her comments come days before the anniversary of the death of Tomlinson 12 months ago, and amid growing concern that the police have escaped largely unscathed from their controversial handling of last year's protests in the City of London.

by Sassafras on Fri Mar 26th, 2010 at 04:45:23 PM EST
[ Parent ]
Northern League - "good-hearted lads" -  Le Monde/Presseurop - English

Founded in the late 1980s in protest against abuses of power by "Roman" political parties, the movement lead by Umberto Bossi is Silvio Berlusconi's most faithful ally in government. With a share of the vote that has increased from less than 4% in 2001 to more than 10% in the 2008 European elections, it's likely to make further gains in regional elections to held on the 28 and 29 March.

In what will most certainly be a foregone conclusion, on the evening of 29 March after the second round of voting, the populist anti-immigration Northern League party will take control of the region of Venice -- a result that will mark a major milestone for the political grouping born 25 years ago under the mocking gaze of traditional politicians, which now runs 350 towns and 14 provinces north of the river Po.

by Fran on Fri Mar 26th, 2010 at 05:20:20 PM EST
[ Parent ]
France24 - Berlusconi faces tough test in regional elections

Italian Prime Minister Silvio Berlusconi faces a tough test this weekend with Italy voting to elect regional governors. Berlusconi's popularity has been recently eroded by scandals and bureaucratic bungling. Reuters - Italian Prime Minister Silvio Berlusconi faces regional elections this weekend with opinion polls suggesting his popularity has been eroded by scandals and by his coalition's bureaucratic bungling ahead of the vote.
 
Some 40 million voters will elect governors in 13 regions of which 11 are now controlled by the centre-left opposition, which has been in disarray since it was defeated by Berlusconi in the 2008 national election. Until a few weeks ago Berlusconi had looked set for another landslide victory, but a string of corruption probes and the
exclusion of his party from the March 28-29 ballot in the key Rome province may now have hurt his chances.
 
Concerns over the euro zone's third largest economy, reeling from its worst post-war recession, are also likely to weigh on the vote -- the last test at the ballot box for the 73-year-old conservative leader before his third term ends in 2013.
 

by Fran on Fri Mar 26th, 2010 at 05:24:07 PM EST
[ Parent ]
National Identity Bill Divides Slovakia - NYTimes.com
BRATISLAVA, SLOVAKIA -- If nationalists in Slovakia have their way, schoolchildren will soon be forced, each Monday at 8 a.m., to listen to the national anthem blaring out from loudspeakers across this small Central European nation.

As part of a patriotism bill that some school principals have derided as Pyongyang-on-the-Danube, state schools will also be required to hang the Slovak flag in every classroom, along with the text of that national anthem and the national symbols -- three hills and a double cross signifying the Christian heritage.

The preamble to the Slovak Constitution, "We the Slovak nation," is to be prominently displayed in public institutions -- another assertion of Slovak primacy that ethnic minorities complain is directed at excluding them. School officials who disobey would risk being dismissed.

"During Communist times, we would use the public address system to announce Lenin's birthday, and this type of politics and ideological propaganda have no place in the classroom," said Norbert Kyndl, director of a large state school in Bratislava, who said that he would have to crank up a vintage public address system and spend €1,500, or $2,000, on flags and a coat of arms. "This is Slovakia -- not North Korea."

by Fran on Fri Mar 26th, 2010 at 05:26:21 PM EST
[ Parent ]
Howard also recommended something like this here when he was in power...I do not think it's a practice today...at least not every day...
I hate when something like this is forced on people ( let alone children)...

Science without religion is lame, religion without science is blind...Albert Einstein
by vbo on Sat Mar 27th, 2010 at 09:30:15 AM EST
[ Parent ]
The (popularly elected but figurehead) President, though a nationalist himself, laudably denied his signature for the law, saying that national symbols are properly protected by existing law. But even PM Fico spoke out against it, which is fun in a coalition, and considering that the law got majority in parliament...

As for the typical Central European political comedy: the boss of the far-right party SNS that brought in the law, who is a Slovakian version of Le Pen, was caught reciting the text of the national anthem with wrong wording...

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

by DoDo on Sat Mar 27th, 2010 at 12:08:29 PM EST
[ Parent ]
Portugal's parliament says `yes' to cuts - Economy : europa, europe | euronews

Lawmakers in Portugal have backed an austerity plan to restore the country's battered public finances.

The minority Socialist government and the opposition Social Democrats agreed on measures to ease the country's huge debts.

Investors fear Portugal could follow Greece into a deeper financial crisis.

Portugal's finance minister said the vote was key to restoring credibility with the markets.

by Fran on Fri Mar 26th, 2010 at 05:35:13 PM EST
[ Parent ]
Gordon Brown rejects German call to make changes to Lisbon treaty | World news | The Guardian
EU leaders embroiled in row after Angela Merkel points to flaws in European charter

European leaders were embroiled today in a row over whether to reopen the ill-fated Lisbon treaty discussions, only four months after the EU's new rule book came into force.

While the German chancellor, Angela Merkel, pointed to flaws that could only fixed by revisiting Lisbon, Gordon Brown insisted that there was no appetite in Europe for reopening the charter, after nine gruelling years of argument about getting it adopted.

A two-day EU summit in Brussels ended with Merkel announcing that treaty changes were inevitable and Brown declaring them inconceivable.

Merkel appeared isolated, but nonetheless in a strong position after dictating the terms of a rescue plan for Greece aimed at forestalling its financial collapse and destabilising the euro.

by Fran on Fri Mar 26th, 2010 at 05:40:02 PM EST
[ Parent ]
 ECONOMY & FINANCE 


*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Fri Mar 26th, 2010 at 02:15:00 PM EST
BBC News - Times and Sunday Times websites to charge from June

he Times and Sunday Times newspapers will start charging to access their websites in June, owner News International (NI) has announced.

Users will pay £1 for a day's access and £2 for a week's subscription.

The move opens a new front in the battle for readership and will be watched closely by the industry.

NI chief executive Rebekah Brooks said it was "a crucial step towards making the business of news an economically exciting proposition".

Both titles will launch new websites in early May, separating their digital presence for the first time and replacing the existing, combined site, Times Online.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Fri Mar 26th, 2010 at 02:55:00 PM EST
[ Parent ]
I will miss reading Matthew Parris, but nobody else.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Fri Mar 26th, 2010 at 04:25:25 PM EST
[ Parent ]
Abu Dhabi wealth fund MD missing in Morocco plane crash | Reuters
ABU DHABI, March 26 (Reuters) - The managing director of Abu Dhabi Investment Authority (ADIA), considered the world's biggest sovereign wealth fund, is missing after a glider plane crash in Morocco, the state news agency WAM said on Friday.


Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Fri Mar 26th, 2010 at 02:58:30 PM EST
[ Parent ]
Up to 2,000 railway jobs at risk after Jarvis collapses - Business News, Business - The Independent

The railway contractor Jarvis collapsed into administration yesterday after its lenders refused to stump up more capital to keep it trading.

The group - which was once Britain's biggest construction company and counts the former Conservative minister Steven Norris as its chairman - blamed cutbacks at Network Rail for the move, which puts 2,000 jobs across the country at risk.

Network Rail, which runs the UK railway infrastructure, is Jarvis's main client. But plans to cut 22 per cent from its costs over the five years to 2014 saw Network Rail defer 28 per cent of its track-renewals programme last year - causing massive problems for Jarvis.

In response, the contractor tried to reduce its dependence, and in January Jarvis signed a £55m contract with Chiltern Railways. But it was too little, too late. The company needed an injection of new capital to survive. But its banks could not be persuaded.

Jarvis's future "depended upon the continued support of key customers and creditors - including the lenders under the company's secured working capital facility and Network Rail," it said yesterday. "However, following negotiations with the company's secured lenders, it has today become clear that sufficient support will not be extended to enable the company to continue trading as a going concern."



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Fri Mar 26th, 2010 at 03:01:16 PM EST
[ Parent ]
My, hasn't privatisation and PFI worked out  ?

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Fri Mar 26th, 2010 at 04:35:06 PM EST
[ Parent ]
Exactly my thought.
by njh on Fri Mar 26th, 2010 at 07:00:43 PM EST
[ Parent ]
The crisis could be the way out of the PFI mess... if enough of the contractors go bust, then enough of the 20 year contracts will become void and some of the insane costs that were written into these future contracts will not come to pass!

How's that for a silver lining?

(Yes, I know I'm grasping at straws...)

by Metatone (metatone [a|t] gmail (dot) com) on Sat Mar 27th, 2010 at 04:36:49 AM EST
[ Parent ]
So, now that their "privatized" railway operator contractor has gone broke, what will the government do to keep the trains running? One assumes that the government will get stuck with unfunded liabilities from the contractor, as that is S.O.P.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Fri Mar 26th, 2010 at 10:35:31 PM EST
[ Parent ]
Under the inspired UK system, track construction and maintenance are separate from train franchising (i.e. selling tickets and putting bums on seats), which in some cases is separate from train ownership and leasing.

National Rail - which runs the tracks - is a Frankenstein semi-nationalised quango, and subcontracts maintenance and building work.

Jarvis was one of the subcontractors.

Some of the other failures of privatisation include:

Railtrack - was supposed to be an infrastructure company, but seems to have spent most of its time speculating on property, and let maintenance slip to the point where it was responsible for two major accidents.

The Strategic Rail Authority - supposed to be in charge of rail business development, but ended up micromanaging and annoying everyone, and was axed.

GNER franchise - imploded after making financial franchise promises it couldn't keep.

National Express - ditto but more so, and on the same lines as GNER. Mismanaged by the same person who mismanaged the Strategic Rail Authority.

Central - universally loathed by passengers, died of natural causes.

Metronet Tube PFI - failed to get its numbers right, imploded owing £2.6bn.

Tube Lines PFI - currently looking shaky with 'a funding gap.'

There have also been numerous railfreight failures.

Of course, if you're looking for quick rewards and an easy getaway, privatisation is perfect for you. Many of the 'failures' have made tidy initial profits and walked away from their contracts when they began to be less nakedly profitable.

 

by ThatBritGuy (thatbritguy (at) googlemail.com) on Sat Mar 27th, 2010 at 11:04:43 AM EST
[ Parent ]
This could be a nice diary...

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Sat Mar 27th, 2010 at 12:12:10 PM EST
[ Parent ]
Debt-saddled Dubai World gets $9.5bn state bailout - Business News, Business - The Independent

Dubai's rulers yesterday bailed out Dubai World, the debt-ridden state-owned conglomerate which caused global investor panic last November when it asked for more time to repay $4bn (£3bn) worth of bonds.

The $9.5bn package was welcomed by the market as the Dubai bond prices surged. Traded debt in Nakheel, Dubai World's property arm which initially sparked the panic, jumped by 45 per cent after investors were promised that lenders would be fully repaid. Nakheel, the group responsible for the ostentatious palm-shaped islands that have become symbols of the Emirates' boundless ambition, now has two bonds outstanding, worth $1.73bn.

Dubai World rocked global financial markets when it asked lenders for a six-month moratorium on $4bn of repayments due a month later. The request came on the eve of Eid al-Fitr, the three-day holiday, leaving Western lenders in a state of flux. Yesterday's bailout vindicates those who argued that Dubai would not be allowed to fail.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Fri Mar 26th, 2010 at 03:02:13 PM EST
[ Parent ]
EUobserver / All eurozone states to contribute to Greek bail-out

EUOBSERVER / BRUSSELS - All eurozone states have signalled their willingness to contribute to a potential Greek bail-out, with the region's leaders hammering out an agreement late on Thursday night (25 March).

The exact details of how Athens would successfully trigger the new mechanism remain to be ironed out however, with any application for funds from the joint eurozone-IMF pot requiring unanimous euro member approval "based on an assessment by the European Commission and the European Central Bank."

by In Wales (inwales aaat eurotrib.com) on Fri Mar 26th, 2010 at 03:17:13 PM EST
[ Parent ]
The eurodrama is over - for now | Presseurop - English

On 25 March the eurozone heads of state finally assented to bail out Greece, putting an end to the international psychodrama that had been wearing on for months. And yet the rescue package is far from ideal, with plenty of strings attached, and the wound that has opened up inside the Union will take time to heal, recaps the European press.

"We have arrived at the epilogue to the long winter that kept governments, markets, central bankers, diplomats and economists on tenterhooks as they grappled with the spectre of a hitherto inconceivable event: the first-ever bankruptcy of a whole state in Euroland, the Greek default," writes Il Sole 24 Ore. "In the end, Angela Merkel and Nicolas Sarkozy, as back in the days of a more ambitious and less divided Europe, put the Franco-German seal of approval" to a deal clinched on 25 March on the sidelines of the European Council meeting in Brussels.

The rescue package to help Greece douse its national debt "will take the form of bilateral loans coordinated by the Commission and the European Central Bank (ECB), in addition to 'substantial financing' from the International Monetary Fund (IMF)", explains Libération.  "The IMF will contribute the smaller share of the funds," the Parisian daily points out, "but - and this is where one has to wonder whether the plan is really in earnest - it is agreed that this aid package will only be a `last resort', i.e. if Greece is really in danger of defaulting." "Even those who would have preferred a European solution, like Spain, for instance, admit that involving an international organisation is positive," remarks El Mundo, adding that "the deal is a vital safety net for Athens, even if there are plenty of strings attached".

by Fran on Fri Mar 26th, 2010 at 05:22:32 PM EST
[ Parent ]
EUobserver / EU worried about G20 backsliding on financial reform

EUOBSERVER / BRUSSELS - EU leaders signaled their concern over what they perceive as waning global enthusiasm for financial regulatory reform on Friday (March 26), and said they will push ahead with European plans before a G20 meeting in Toronto this June.

Presenting leaders with his preparations for the G20 meeting, European Commission President Jose Manuel Barroso said he wanted agreement first on a number of key European financial files, including plans to force banks to hold higher levels of capital and the bloc's draft hedge fund directive, delayed earlier this month due to upcoming elections in the UK.

by In Wales (inwales aaat eurotrib.com) on Fri Mar 26th, 2010 at 03:17:53 PM EST
[ Parent ]
Railway Gazette: DB looking at Arriva bid

EUROPE: Deutsche Bahn confirmed on March 18 that it had approached Arriva about a possible takeover bid, adding that 'discussions are ongoing and there is no certainty that any offer will be made'.

As required under the UK's takeover regulations, the international bus and rail operator had issued a statement the previous day that it had 'received an unsolicited approach from a third party'.

Arriva has contracts and concessions in 12 countries across Europe, and owns the second-largest rail network in Germany. The company had approached SNCF with a proposal to acquire all or part of Keolis (RG 3.10 p26), but it reported on March 5 that 'no agreement was reached and all discussions have now ceased'.

This would more or less comclude the elimination of major startups by the former national railways.

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

by DoDo on Fri Mar 26th, 2010 at 03:38:51 PM EST
[ Parent ]
Railway Gazette: LGV Est contract awarded

FRANCE: The first contract for civil engineering work on the second phase of the Ligne à Grande Vitesse Est européenne was approved by the board of Réseau Ferré de France on March 18.

... The infrastructure manager plans to call tenders for a further nine lots of civil works over the course of the year. The civil engineering is expected to take around three years, and will then be followed by the railway systems works including tracklaying, electrification and signalling installation; in total the project is expected to generate around 6 000 jobs during the construction phase.

Running from Baudrecourt to Vendenheim, the 106 km extension of LGV Est is expected to cut Paris - Strasbourg journey times by a further 30 min from 2 h 20 min to 1 h 50 min, while Luxembourg - Strasbourg will fall from 2 h 10 min to 1 h 25 min. Total cost of Phase II is put at €2 010m, including contributions from the European Union and the Grand Duchy of Luxembourg.



*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Fri Mar 26th, 2010 at 03:41:33 PM EST
[ Parent ]
Is that the bit that currently winds through the mountains (alsatians?).  That's going to be a lot of digging!
by njh on Fri Mar 26th, 2010 at 07:04:35 PM EST
[ Parent ]
Not really: I think the plan is to go North of the Vosges mountains, via Saverne, along the A4 motorway.
by Bernard (bernard) on Sat Mar 27th, 2010 at 09:37:45 AM EST
[ Parent ]
The new rail alignment is not far from the old rail alignment, and yes to njh, one major tunnel will be included: the 4019 m Tunnel de Saverne. Note though that in terms of mountain tunnels, while that will be a record for French high-speed lines, it would count only as a minor tunnel on a Spanish, Italian or German project.

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Sat Mar 27th, 2010 at 12:18:51 PM EST
[ Parent ]
Sorry for the nitpick :-)
The longest tunnel on a French LGV line is the 7834 m Tunnel de Marseille on the LGV Méditerranée, between Les Pennes Mirabeau and the entrance of Marseille. I've never been through it: always stepped out the train at Aix en Provence...

For border spanning rail tunnels, we have the Fréjus Rail Tunnel, clocking 13.7 km between France and Italy, not to mention the "Chunnel".

The projected Lyon-Torino LGV will include tunnels over 23 km under the Chartreuse Mountains.

by Bernard (bernard) on Sat Mar 27th, 2010 at 02:09:05 PM EST
[ Parent ]
Re-nitpick you: the Tunnel de Marseille is not a mountain tunnel (nor the Chunnel, nor the 4805 m Tunnel de Villejust, in Paris, on the LGV Atlantique); the Fréjus tunnel is not on a high-speed line (nor the onetime 6.8 km Vosges tunnel that was turned into a road tunnel); the Chartreuse Tunnel will be (if ever built) on the freight bypass of Chambéry, not the Lyon-Chambéry LGV (though there would be a couple of 7 km tunnels on that).

...is what I wanted to say. But having checked, I find the 5414 m bored middle section of the Tunnel de Marseille is a mountain tunnel (crossing the l'Etoile mountain).

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

by DoDo on Sat Mar 27th, 2010 at 03:43:13 PM EST
[ Parent ]
Ah the Chartreuse Mountains, where they still mine the famous chartreusite, a green mineral highly soluble in alcohol which goes expecially well with hot chocolate.  The entrance is of course via the noble green gates of Grenoble with its modest tram network and fine colleges.
by njh on Sun Mar 28th, 2010 at 03:48:04 AM EST
[ Parent ]
Three things are worth pointing out here. First, Ambac assurance hasn't actually filed for bankruptcy protection, but it is involved in a complicated restructuring/partial takeover by its regulator/failure to pay-type situation.

(As for why this was classed as a bankruptcy event rather than a restructuring or failure to pay, we think it may have to do with subsection (f) of section 4.2. of the 2003 ISDA Credit Event Definitions)

Second, the credit default swaps that have been triggered are only those that have been written as protection on Ambac, not those the bond insurer itself sold against CDOs and other structured products.

Read more...



Diversity is the key to economic and political evolution.
by Cat on Fri Mar 26th, 2010 at 09:21:22 PM EST
[ Parent ]
Ambac regulator threads CDS needle  Reuters

Wisconsin's insurance watchdog is requiring holders of credit-default swap contracts written by Ambac Financial, the troubled bond insurer, to take losses. It suggests what might have been done with the American International Group in different circumstances.

Ambac got into trouble selling CDS protection on what proved to be toxic mortgage-backed bonds. As those bonds have gone bad, the protection buyers have been demanding payments -- and receiving them in full, to the tune of $120 million a month. The problem for the regulator was that this cash outflow was on track to drain Ambac dry, leaving other policy-holders with no protection. Since Ambac also insures lots of municipal bonds, the fallout could have been felt across the United States.

So Sean Dilweg, the Wisconsin insurance commissioner, is pushing the troubled CDS contracts and some other losing policies into a segregated account that his department will try to wind down, a process known as rehabilitation. Meanwhile he has secured court approval to halt the payouts Ambac has been making.

Part of the plan is to cut a deal with the CDS counterparties. Dilweg expects they'll get cash worth about 25 cents per dollar of coverage. They'll also receive so-called surplus notes which could eventually yield more if the rehabilitation works out. Some holders of CDS contracts won't be happy. They were supposed to get paid quickly even if Ambac ended up in rehabilitation. But others, including banks like Citigroup, are thrilled with the deal as they've already written off much of their exposure. Now they'll get a little cash back.


Looks like we now have the spectacle of a credit default swap default, or CDSD. Too bad for the holders of those CDSs that Ambac was not in The New York Fed's jurisdiction.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sat Mar 27th, 2010 at 01:24:23 AM EST
[ Parent ]
More Than Meets The Bottom Line: Are Banks Getting Crushed Due To Negative Swap Spreads And The $154 Trillion IR-Derivative Market?  Zero Hedge

Lots of confused chatter in the bond community as to why the negative swap spread story (anywhere between 7Y and 30Y) is being largely ignored by the media. After all, the associated market, which according to the BIS was roughly $154 TRillion in June 30 makes the Greek bond debacle and various sovereign CDS discussions in the media pale in comparison. As several bond traders pointed out, the likelihood of negative spreads having been modelled out by the TBTFs is very low, if any, meaning that unhedged bank IR-swap exposure is suffering massively, and is likely to surpass all record past prop desk losses. In fact, rumors abound that a few of the desks having placed leveraged bets on spread divergence over the past months and years are currently in critical condition, yet nobody is discussing this for fear of another round of bank run concerns among the TBTF banks. What is odd, is that the Primary Credit borrowings are now at almost financial crisis lows of just under $9 billion, leading many to speculate that banks now satisfy all of their short-term funding needs via the fungibility of excess reserves....

Hmmm! Prop desks turning into black holes? If the Fed and Treasury attempt to respond as usual that could send the swaps even more negative. The press to this point seems to have observed days of silence on this incoming---uhm---asteroid---due to impact the tip of Manhattan. Perhaps the spread will turn positive in a timely fashion. Perhaps the TBTFs did anticipate and prepare for a negative swap spread. Perhaps Tyler is overstating the problem.  No need to get alarmed.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sat Mar 27th, 2010 at 12:57:56 AM EST
[ Parent ]
But why Greek bonds and CDSs are the Great Scary Event of 2010 remains as a good question...
by afew (afew(a in a circle)eurotrib_dot_com) on Sat Mar 27th, 2010 at 02:14:05 AM EST
[ Parent ]
IMCO (In My Cynical Opinion) ...

  1.  The dollar is a hunk o'junk and lots and lots of people are pissing in their pants the euro will become an acceptable alternative

  2.  The predators¹ saw a way to make a quick hundred million or so, and took it

Note how these two reinforce each other.

-------------------------------------------------------

¹  I would call them "bottom-feeding parasitic scum with the morality of a pack of hyenas pulling down a lame wildebeest" but I'm too nice a guy.  

And I don't want to insult hyenas.


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

by ATinNM on Sat Mar 27th, 2010 at 03:32:50 AM EST
[ Parent ]
You don't want to insult hyenas but you call the Eurozone a lame Wildebeest?

Seems fair, actually.

The brainless should not be in banking -- Willem Buiter

by Carrie (migeru at eurotrib dot com) on Sat Mar 27th, 2010 at 07:18:32 AM EST
[ Parent ]
Heh.  That didn't occur to me.  

She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre
by ATinNM on Sat Mar 27th, 2010 at 02:55:53 PM EST
[ Parent ]
The World is Choking on Government Debt | The Agonist

Unprecedented relationships are beginning to form in the global bond markets. For as long as anyone can remember, the US government has enjoyed the lowest cost of borrowing whatever the maturity of the bond, because the US has been deemed the safest credit anywhere in the world. The prospect of default of the United States has been considered so low that academics describe the US Treasury bond as the risk-free bond., from which all other credit instruments are priced.

This relationship seems to be breaking down, for the first time in living history. This past week Berkshire Hathaway was able to raise funds at an interest rate lower than that of the US Treasury. Headlines in the financial press stated: "Obama Pays More Than Warren Buffett For Money." The bonds of DuPont and other stalwart corporate names also yielded less than equivalent maturity Treasuries.

The Treasury Department is now coming routinely to market with bond issues that just two years ago would have been considered preposterously large. All of this is necessary to help the US fund its projected $1.9 trillion budget deficit, up from about $400 billion a few years ago (not counting the issues necessary to fund the Iraq War). Today the Treasury offered $42 billion in 5 year notes, and the auction did not go well. The bid-to-cover ratio, which measures the excess demand for the bond, was disappointingly low. Moreover, indirect bidders took only $16.6 billion of the issue, and this category includes foreign central banks. Lately there has been a category added by the Treasury called "Direct Bidder", which is not specified, but is assumed by some to be the Federal Reserve.

This means that the one arm of the US government is buying the debt issued by another arm - never a good result because no new cash flows into the Treasury coffers.

escher economics!

'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 Sat Mar 27th, 2010 at 09:59:42 AM EST
[ Parent ]
 WORLD 


*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Fri Mar 26th, 2010 at 02:17:04 PM EST
BBC News - US and Russia announce deal to cut nuclear weapons

US President Barack Obama and Russian President Dmitry Medvedev have agreed a new nuclear arms reduction treaty after months of negotiations.

The treaty limits both sides to 1,550 warheads, about 30% less than currently allowed, the White House said.

The deal replaces the 1991 Strategic Arms Reduction Treaty. The leaders will sign the pact in Prague on 8 April.

President Obama hailed the treaty as the most comprehensive weapons control agreement in nearly two decades.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Fri Mar 26th, 2010 at 02:25:03 PM EST
[ Parent ]
whoop-de-woo. Down from destroying the world 9 times over to 8. Bold guys.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Fri Mar 26th, 2010 at 04:36:31 PM EST
[ Parent ]
If you were a cat it would make all the difference.
by afew (afew(a in a circle)eurotrib_dot_com) on Sat Mar 27th, 2010 at 02:59:34 AM EST
[ Parent ]
BBC News - Iraq election: Iyad Allawi's bloc wins most seats

Former Iraqi Prime Minister Iyad Allawi's bloc has won the most seats in Iraq's parliamentary elections.

His coalition had two seats more than that of incumbent PM Nouri Maliki, officials said, in what was seen as a surprise result in the 7 March poll.

Earlier, the UN's envoy to Iraq described the election as "credible" and urged Iraqis to accept the results.

Mr Allawi will need to form a coalition government as he lacks a majority, amid fears the results may spark violence.

Just hours before the results were announced, twin bomb blasts in the town of Khalis, in Diyala province, killed at least 40 and left more than 60 injured.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Fri Mar 26th, 2010 at 02:25:47 PM EST
[ Parent ]
France24 - Allawi wins Iraq election by two seats

AFP - Former premier Iyad Allawi's secular Iraqiya bloc won the most seats in Iraq's March 7 parliamentary election, two more than incumbent Prime Minister Nuri al-Maliki's bloc, official results showed Friday.

Iraqiya won 91 seats in the 325-member Council of Representatives, compared to the 89 won by the State of Law Alliance led by Maliki, a fellow Shiite, election officials said.

The Iraqi National Alliance, a coalition led by Shiite religious groups, came third with 70 seats. Kurdistania, comprised of the autonomous Kurdish region's two long-dominant blocs, won 43 seats.

by In Wales (inwales aaat eurotrib.com) on Fri Mar 26th, 2010 at 03:21:08 PM EST
[ Parent ]
Cole: Sadr Emerging as Kingmaker in Iraqi Election;
Will Muqtada demand Quicker US Withdrawal?
Al-Sadr, whose movement may get as many as 40 seats, will be pivotal to forming a government. He is a supporter of Iran, Hizbullah and Hamas, and once called himself the right hand of Hamas.

Also: Israel-US Row to Iran's benefit; Sanctions Regime Watered Down.

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

by maracatu on Fri Mar 26th, 2010 at 11:52:39 PM EST
[ Parent ]
BBC News - South Korean navy ship sinks near sea border with North

A South Korean navy ship with about 100 personnel on board has sunk off the west coast near North Korea.

The exact cause of the sinking was unclear, but an explosion was reported in the rear of the ship.

There was speculation it could have been from a torpedo from the North. The involvement of North Korea has not been confirmed by officials.

Fifty eight of the sailors were rescued from near Baengnyeong island by several navy and coastguard vessels.

It was unclear what had happened to the remaining 46 personnel.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Fri Mar 26th, 2010 at 02:28:15 PM EST
[ Parent ]
France24 - South says warship sunk near border with North

AFP - A South Korean navy ship with 104 people on board sank near the North Korean border Friday after an unexplained explosion, military officials said, and a news report said several sailors were killed.

South Korea's government called an emergency security meeting but a presidential spokeswoman said it was still unclear whether the sinking resulted from a clash with North Korea.

Another South Korean naval vessel had opened fire on an unidentified object but it was later found to be a flock of birds, the Joint Chiefs of Staff (JCS) said.

The Cheonan, a 1,200-ton corvette, sank late in the evening near Baengnyeong island in the Yellow Sea, which lies between the Korean peninsula and China.

by In Wales (inwales aaat eurotrib.com) on Fri Mar 26th, 2010 at 03:33:14 PM EST
[ Parent ]
BBC News - Zimbabwe PM Morgan Tsvangirai rejects gay rights move

Zimbabwe's Prime Minister Morgan Tsvangirai has joined President Robert Mugabe in dismissing calls to enshrine gay rights in the new constitution.

"I totally agree with the president," he said, state media report.

Homosexual acts are currently illegal in Zimbabwe. Mr Mugabe once said gays were "worse than pigs and dogs", sparking international condemnation.

Gay rights has become a controversial issue in several African countries in recent months.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Fri Mar 26th, 2010 at 02:28:50 PM EST
[ Parent ]
BBC News - 'No evidence' WFP's Somalia food aid diverted

The UN World Food Programme has denied a claim that up to half the food aid to Somalia was being diverted to Islamist militants and corrupt contractors.

WFP officials said there was no evidence to back up the claim made in a report by a UN monitoring group.

The UN's aid chief in Somalia said the report was based on "hearsay" and not backed up by any documentary evidence.

The aid chief, Mark Bowden, said the flow of funds to the WFP operation in Somalia had dropped after the report.

The UN Monitoring Group on Somalia was initially set up by the Security Council to supervise the arms embargo against the war-torn country.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Fri Mar 26th, 2010 at 02:29:37 PM EST
[ Parent ]
BBC News - Vatican attacks media on 'Pope role' in sex abuse cases

The Vatican has attacked the media over charges that the Pope failed to act against a US priest accused of abusing up to 200 deaf boys two decades ago.

A Vatican newspaper editorial said the claims were an "ignoble" attack on the Pope and that there was no "cover-up".

The head of the UK Catholic church said the Pope had made important changes to the way abuse was dealt with.

The Catholic church has been hit by a series of allegations in Europe and the US over the past months.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Fri Mar 26th, 2010 at 02:30:15 PM EST
[ Parent ]
France24 - Vatican slams 'ignoble' smear campaign against Pope Benedict

REUTERS - The Vatican on Thursday angrily attacked the media over its reporting of sexual abuse of children by priests, saying there was an "ignoble attempt" to smear Pope Benedict "at any cost".

The editorial in a Vatican newspaper came on a day abuse victims protested near St Peter's Square to demand the pope open files on paedophile clerics and defrock "predator priests", and a cardinal spoke of a "conspiracy" against the church.

"The prevalent tendency in the media is to ignore the facts and stretch interpretations with the aim of spreading the picture of the Catholic Church as the only one responsible for sexual abuse, something which does not correspond to reality," the Vatican newspaper said.

There was "clearly an ignoble attempt to strike at Pope Benedict and his closest aides at any cost," it said.

by In Wales (inwales aaat eurotrib.com) on Fri Mar 26th, 2010 at 03:32:34 PM EST
[ Parent ]
I appreciate that their common language is latin, which probably doesn't have too many modern words in it but they are mis-labelling what is happening.

smearing the pope would be suggesting that he himself abused children. But reporting on the demonstrated undeniable facts that the pope covered up that one of his priests abused children is called journalism

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Fri Mar 26th, 2010 at 04:40:24 PM EST
[ Parent ]
He's just making the point that it's all pantomime and politics. Attacking the authority of the Vatican in the media is much more damaging than a centuries-old tradition of violence and abuse.
by ThatBritGuy (thatbritguy (at) googlemail.com) on Sat Mar 27th, 2010 at 11:09:07 AM EST
[ Parent ]
BBC News - Israeli troops killed in Gaza border clashes

Two Israeli soldiers have been killed during clashes with Hamas fighters on the Gaza Strip's southern border, the Israeli army has said.

Two other soldiers were wounded during the fighting which broke out east of the town of Khan Younis.

Two Palestinian militants were also killed in the clashes, Palestinian and Israeli sources say.

The unrest may have been sparked by a bid by militants to seize an Israeli soldier, a BBC correspondent says.

Local sources say Palestinian militants carried out a raid across the fence line and the Israeli military then appears to have pursued them back into Gaza, says the BBC's Paul Wood, in Jerusalem.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Fri Mar 26th, 2010 at 02:31:18 PM EST
[ Parent ]
BBC News - Clash in Pakistan's Orakzai kills militants and troops

Five Pakistani soldiers and at least 21 suspected militants have been killed in clashes near the Afghan border, Pakistan's military has said.

The fighting occurred in the tribal district of Orakzai.

It came a day after military aircraft bombed areas in the district killing at least 11 people.

Militants led by Pakistani Taliban commander Hakimullah Meshud are thought to have moved to Orakzai following a troop offensive in South Waziristan.

The military said in a statement that the fighting broke out when militants attacked and captured a security check post in Orakzai.

"Security forces counter-attacked and recaptured that check post," the statement said.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Fri Mar 26th, 2010 at 02:32:09 PM EST
[ Parent ]
Imelda Marcos begins bid for Philippine congressional seat | World news | The Guardian

melda Marcos, former first lady of the Philippines, has begun a campaign for a congressional seat that she hopes will allow her to bury her husband in a heroes' cemetery and clear his sullied name.

Marcos, 80, and nearly 18,000 other politicians are traversing the impoverished south-east Asian nation on the first official day of campaigning for the 10 May elections.

Presidential and senatorial candidates have been campaigning for more than a month. Police say political violence, which often goes hand-in-hand with campaigning, has already claimed close to 80 lives, including 57 people massacred on the 23 November in an election caravan in southern Philippines.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Fri Mar 26th, 2010 at 02:33:16 PM EST
[ Parent ]
The Associated Press: RNC loses bid to raise unlimited 'soft' money

WASHINGTON -- A federal court Friday denied a Republican Party bid to raise soft money, the unlimited donations from corporations and individuals banned by a 2002 campaign finance law. In a separate ruling, judges said a conservative group can raise unlimited sums for independent election ads but must regularly disclose its donors.

In a case brought by the Republican National Committee, a three-judge panel of the U.S. District Court in Washington said it lacks the authority to overturn a Supreme Court ruling that upheld the ban on soft money fundraising by national party committees. That ban is a cornerstone of the so-called McCain-Feingold law and one of the few major parts of the law to survive court challenges.

The RNC had argued that it should be able to raise soft money for state elections, congressional redistricting, legal costs and other activities that it said had nothing to do with federal elections. The Federal Election Commission contended the soft money ban should be upheld.

Joining the RNC in the lawsuit were the California Republican Party, San Diego County Republican Party and RNC Chairman Michael Steele. The court also rejected their arguments that the law's soft money ban shouldn't apply to their fundraising for various activities.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Fri Mar 26th, 2010 at 02:56:47 PM EST
[ Parent ]
Sarah Palin and John McCain reunited on campaign trail - Telegraph

The former Republican vice-presidential candidate and one-time Alaska governor has become a conservative star whose supporters hope will run against President Barack Obama for the White House in 2012.

But Mrs Palin is putting this aside to campaign for Mr McCain, her former running mate who is viewed with deep suspicion by many conservatives and faces a tough primary challenge in Arizona from Right-wing talk show host and former congressman JD Hayworth.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Fri Mar 26th, 2010 at 03:39:29 PM EST
[ Parent ]
Frankenstein and his monster

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Fri Mar 26th, 2010 at 04:41:59 PM EST
[ Parent ]
Which is which?
by ThatBritGuy (thatbritguy (at) googlemail.com) on Sat Mar 27th, 2010 at 11:09:54 AM EST
[ Parent ]
Given the enmity between the Palin and McCain camps post election, I'm surprised by this, particularly since she's associated herself since more with the wing of the party that has provided the primary challenge...
by Metatone (metatone [a|t] gmail (dot) com) on Sat Mar 27th, 2010 at 04:46:02 AM EST
[ Parent ]
This is what I heard yesterday on National Public Radio (NPR)

ROBBINS: And they said theyve always liked one another and theyve been in contact, maybe not often, but in friendly contact all along. And that is also the answer to JD Hayworth's charge that Palin's support for McCain is only political payback for him choosing her as his running mate.

And I should add that Mitt Romney and Massachusetts Senator Scott Brown have also come to Arizona to campaign for McCain.

Read more...

This was the most alarming piece of information in that broadcast...

TED ROBBINS: Well, Robert, as you said, McCain is facing a challenge from the right. It's former congressman and conservative radio talk show host JD Hayworth. And the latest polls show Hayworth within seven points of McCain. So, in comes Palin, the biggest conservative draw in the party and somebody who presumably gives McCain credibility with the right.

...beside the news late last week that AZ cancelled SCHIP, FY 2010-2011.

Arizona has become the first state to cancel its State Children's Health Insurance Program, which, like other SCHIP programs, is funded jointly by the state and the federal government.

The budget passed by the legislature and signed into law by Republican governor Janice K. Brewer eliminates the $22.9-million program, known as KidsCare, as of June 15th. The program served 38,000 children living in families with incomes between 100% and 200% of the federal poverty level ($22,000 to $44,000 for a family of four).

Read more...

This is the TPM treatment of the McCain-Palin rally.

When McCain spoke, he responded to President Obama's speech yesterday, in which Obama defied Republicans to campaign on a platform of repealing the health care reform law, in light of the various benefits included within it. "And my attitude is, 'Go for it,'" Obama said.

McCain declared: "We're gonna 'go for it,' an we're gonna repeal this bill. We're gonna stop this spending."

McCain also said: "Our answer is, yes, we're gonna 'go for it,' and we're gonna get it, and we're gonna restore the government back to the people of this country, because this is a right-of-center nation, and this president is governing from the left, and it will not stand."

Read more...

So. What is a "liberal" Arizona voter to do?

Possibly related news:
New American interviews JD Hayworth
"The Napolitano Deficit"

Diversity is the key to economic and political evolution.

by Cat on Sat Mar 27th, 2010 at 07:13:22 AM EST
[ Parent ]
Given McCain's alliance with Bush after the primaries smear campaigns against him, don't be surprised :-)

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Sat Mar 27th, 2010 at 12:22:22 PM EST
[ Parent ]
Charges reduced in Landrieu office phone caper | clarionledger.com | The Clarion-Ledger
NEW ORLEANS -- Federal prosecutors have filed reduced charges against conservative activist James O'Keefe and three others arrested after they allegedly tried to tamper with the phones in Sen. Mary Landrieu's New Orleans office.


Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Fri Mar 26th, 2010 at 03:49:31 PM EST
[ Parent ]
Associated Press

CAMP PENDLETON, Calif. (AP) -- A military judge in California denied a motion Friday to dismiss charges against a Marine sergeant whose squad killed 24 Iraqi men, women and children after a bomb killed a Marine.

Lt. Col. David Jones ruled at Camp Pendleton on a defense motion claiming there was unlawful command influence while a general considered a court-martial for Staff Sgt. Frank Wuterich.

The judge ruled there was no record of any "meaningful comment" between the general and an aide who had investigated the case as a military lawyer.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Fri Mar 26th, 2010 at 04:44:24 PM EST
[ Parent ]
HAVANA, Cuba (Reuters) -- Cuba may open sugar production to foreign investors for the first time since the 1959 revolution as it seeks to reverse the once proud industry's relentless decline, business sources said this week.

Talks between investors and the government have come and gone with little result for years, but what is shaping up as perhaps the island's worst harvest in a century has increased interest in bringing foreign partners, the sources said.



"Beware of the man who does not talk, and the dog that does not bark." Cheyenne
by maracatu on Fri Mar 26th, 2010 at 10:59:55 PM EST
[ Parent ]
From Firedoglake:

On Wednesday, Democracy Now! featured Nairn's report of the repercussions of his discovery of a link between retired Admiral Dennis Blair, Obama's Director of National Intelligence, and the Indonesian general responsible for massacres at churches.


"Beware of the man who does not talk, and the dog that does not bark." Cheyenne
by maracatu on Fri Mar 26th, 2010 at 11:05:50 PM EST
[ Parent ]
HONDURAS
The wave of repression against journalists and leaders of the National Front of Popular Resistance of Honduras continues to be unstoppable. This morning journalists José Bayardo Mairena Ramírez and Manuel Juárez were murdered, killed by numerous gunshots. The murders took place in the department of Olancho, on the highway to the city of Juticalpa.


"Beware of the man who does not talk, and the dog that does not bark." Cheyenne
by maracatu on Fri Mar 26th, 2010 at 11:40:40 PM EST
[ Parent ]
Big employers rethink their healthcare plans - latimes.com
AT&T Inc. said Friday that it would record a $1-billion noncash expense in the first quarter related to the newly passed healthcare law, joining a growing list of large U.S. companies.

<...>

Among its many effects, the new healthcare law eliminated a tax deduction that companies used to cut the cost of drug-benefit programs for retired workers.

<...>

... companies that still offer retiree drug benefits, mostly older industrial concerns or those with unionized employees, say the end of the deduction could force them to change their benefit plans. In other words, they might curtail or even cancel them.



The point is not to be right, but to get to right.
by marco on Sat Mar 27th, 2010 at 06:36:19 AM EST
[ Parent ]
That LA Times article is a crazy, little piece of work. It does not easily lead the reader to assume what harm to union beneficiaries flows from rescission of gov subsidy paid to Medicare Advantage insurers. Following are the only salient item of interest in it.

Under the old law [What law?], companies received a federal subsidy worth up to $1,330 per retiree if they provided former workers [Which retirees?] with drug benefits. Firms could also deduct [What tax principles?] the subsidy's value from their taxable income.

White House spokesman Robert Gibbs said the government merely eliminated a tax loophole that, in effect, allowed companies to benefit twice from one law. [true -ish, someone paid discount Rx premium, then wrote off the expense]

This following statement is ambiguous. It confuses the meanings of benefits and expenses and reimbursements. Nowhere does the reporter mention Medicare Advantage (Part C) or Medicare (Part D.) both of which are marketed by commercial insurers.

Several million retirees are estimated to receive drug benefits from a few thousand companies. If those retirees were shifted to the federal Medicare program, the government would pick up the expense [Of what?].

ROW may not understand a few crucial features about insurance business models or insurance benefits and income tax regulation in the US as they apply to individuals and corporations, unions included.

What law? Medicare Prescription Drug, Improvement and Modernization Act of 2003. This act modified Medicare Part C., DHHS contract terms governing Medicare +Choice plans issue and benefits management by commercial insurers. Modifications to Medicare +Choice affect only beneficiaries of Medicare +Choice ("Medicare Advantage") plans sold to individuals and groups, association-sponsored (e.g. ITUA, UAW) or employer-sponsored (e.g. AT&T, GM). Here is a summary of Part B. ("basic" or "public option" Medicare coverage) and Part C. and Part D., prescription drug insurance plans sold to any Medicare enrolled subscriber by gov or commercial insurer.

Which retirees? The reporter insinuates, but does not specify, corporate fiduciary obligations under retirees' master benefits agreement. This is significant information stipulating defined benefits or defined contribution. In general, IF the union is self-insured and the employer reimburses the union a portion of union premium and Rx costs, employer (likely) incurs no loss; all payments are write-offs [ * ]. IF the employer sponsors (is policy owner) of a Medicare Advantage master plan, employer (likely) incurs cost of gov subsidy to insurer but no loss*; and members incur loss of Rx price discount. IF the union sponsors (is policy owner) of a Medicare Advantage master plan, union (likely) incurs cost of gov subsidy but no loss*; members incur loss of Rx price discount.

What tax principles? Federal and state tax laws provide a 100% deduction of contributions to employee's premium payment or medical care to any employer; this expense is the policy owner's (employer's) cost of doing business. Conversely, employee contributions to premium payment and medical care are not tax deductible (if < 7% total adjusted gross income). Employees and employers contravene the "tax disadvantage" by installing pre-tax payroll deductions and reporting facilities; doing so, employer and employee reduces taxable income by the amounts, respectively, of premium payments and health care savings.

Finally, I'd have to ask, What purpose is served by broadcasting corporations' intention to migrate employees to "universal health care"? Doesn't doing so accomplish the competitive edge Americans so desire?

Diversity is the key to economic and political evolution.

by Cat on Sat Mar 27th, 2010 at 10:15:15 AM EST
[ Parent ]
You may not believe in accounting "identities," but you had better formally acquaint yourself with them anyway.

The LATimes article begins.

AT&T Inc. said Friday that it would record a $1-billion noncash expense in the first quarter related to the newly passed healthcare law, joining a growing list of large U.S. companies.

What is a noncash expense?

Principles of Accounting.com / Noncash investing/financing activities

NONCASH EVENTS:  A select set of important investing and financing activities occur without generating or consuming any cash.  For example, a company may exchange common stock for land, or acquire a building in exchange for a note payable.  While these transactions do not entail a direct inflow or outflow of cash, they do pertain to significant investing and/or financing events.  When the FASB designed the statement of cash flows, they decided to require a separate section reporting these noncash items.  Thus, the statement of cash flows is actually enhanced beyond its "title;" revealing [read: disclosure of] the totality of investing and financing activities, whether or not cash is actually involved....

You may have noticed that two items within the income statement were not listed in the operating activities section of the cash flow statement.  Specifically:

    * Depreciation expense is in the income statement [a/k/a "P&L"], but it is not an operating cash flow item.  The reason is very simple; it is a noncash expense.  Remember that depreciation is recorded via a debit to Deprecation Expense and a credit to Accumulated Depreciation.  No cash is impacted by this expense entry (the "investing" cash outflow occurred when the asset was purchased), and
    * The gain on sale of land in the income statement does not appear in the operating cash flows section.  While the land sale may have produced cash, the entire proceeds will be listed in the investing activities section; it is a "nonoperating" item, and its full cash effect is listed elsewhere....

Depreciation is added back to net income, because it reduced income but did not consume any cash.

AT&T accelerated depreciation of an asset, face value of policies held for current and retired employees. The "write-down" is on balance sheet. The loss, iirc, applies to earnings before interest and tax (EBIT) reported in the income (P&L) statement.


Diversity is the key to economic and political evolution.

by Cat on Sat Mar 27th, 2010 at 10:47:37 AM EST
[ Parent ]
 LIVING OFF THE PLANET 
 Environment, Energy, Agriculture, Food 


*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Fri Mar 26th, 2010 at 02:17:22 PM EST
Rajendra Pachauri: Climate scientists face 'new form of persecution' | Environment | The Guardian

The head of the UN's climate change panel has accused politicians and prominent climate sceptics of "a new form of persecution" against scientists who work on global warming.

In a strongly worded article published on the Guardian website, Rajendra Pachauri, chair of the Intergovernmental Panel on Climate Change (IPCC), hit out at those in "positions of power and responsibility" who try to portray "dedicated scientists as climate criminals".

Pachauri also accused critics who have used an error in the 2007 IPCC report to question the scientific basis of climate change of "an act of astonishing intellectual legerdemain [sleight of hand]". Scientific knowledge of climate change, he says, is "something we distort and trivialise at our peril".



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Fri Mar 26th, 2010 at 02:34:48 PM EST
[ Parent ]
'Switch to Century Gothic to save the planet' * The Register

A university CIO says that sysadmins determined to do their bit for the environment - and save cash on printer consumables - should switch fonts wherever possible to Century Gothic.

Diane Blohowiak, Director of Computing and Information Technology at the University of Wisconsin at Green Bay, says she has switched the college's email system from Arial to Gothic default as part of a "five year plan to go green". The story comes to us courtesy of local radio station WPR.

According to Blohowiak, Century Gothic when printed out uses 30 per cent less ink than Arial, and even trounces a well-known (though unnamed) "eco font". She says that printer ink costs her department $10,000 per gallon, though obviously it is supplied in smaller units.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Fri Mar 26th, 2010 at 02:37:29 PM EST
[ Parent ]
I thought this was The Onion at first reading.  Has it occurred to them to simply print less?
by njh on Fri Mar 26th, 2010 at 09:13:22 PM EST
[ Parent ]
As njh said. Personally, I don't get why people have to print out everything they can see and edit on the screen, but all my collagues at the office prefer to do so.

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Sat Mar 27th, 2010 at 12:26:04 PM EST
[ Parent ]
EUobserver / EU leaders look outside UN process to push forward climate talks

EUOBSERVER / BRUSSELS - European Union leaders have for the first time officially endorsed moving beyond the United Nations in order to push forward the international climate negotiations process.

At the EU's spring summit, the bloc's premiers and presidents embraced the G20 as a possible forum more amenable to climate discussions than the UN process, long bogged down by mistrust between rich and poor countries, while at the same time not completely abandoning the UN as some in the US have called for.

by In Wales (inwales aaat eurotrib.com) on Fri Mar 26th, 2010 at 03:16:41 PM EST
[ Parent ]
London Science Museum goes climate science neutral | Reuters

LONDON, March 24 (Reuters Life!) - A new climate gallery at London's Science Museum, sponsored byRoyal Dutch Shell (RDSa.L), will step back from pushing evidence of man-made climate change to adopt a more neutral position.

Stocks

The 4 million pound ($6 million) exhibition, opening in November, will provide "up-to-date, accurate" information about the science of climate change and aims to "satisfy the interests and needs of those who accept that human-induced climate change is real, those who are unsure, and those who do not," the museum said in a statement.

"The scientific community has, with some exceptions, concluded that climate change is real, largely driven by humans and requires a response," said the museum's director Professor Chris Rapley. "Our objective is to minimise the shrill tone and emotion that bedevils discussion of this subject."



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Fri Mar 26th, 2010 at 03:34:44 PM EST
[ Parent ]
Can you see this coming next year : Darwinism vs Creationism ?

The 4 million pound ($6 million) exhibition, opening in November, will provide "up-to-date, accurate" information about the "science" of climate change evolution and aims to "satisfy the interests and needs of those who accept that human-induced climate change evolution is real, those who are unsure, and those who do not," the museum said in a statement.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Fri Mar 26th, 2010 at 04:46:38 PM EST
[ Parent ]
EU biofuels target borderline sustainable, report finds | EurActiv

The report, compiled for the Commission by the International Food Policy Institute (IFPRI), concludes that indirect land-use change has "an important effect on the environmental sustainability of biofuels". Nevertheless, it argues that current EU renewable energy targets are small enough to safeguard the environmental sustainability of biofuels.

The EU's Renewable Energies Directive mandates a 10% share of renewable energies in transport fuels by 2020. The report assumes that only 5.6% of this would come from first-generation biofuels.

But experts said this is a gross underestimation because the other options - electric cars and second-generation biofuels produced from waste and non-food crops - will not in reality be widely available by 2020.



*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Fri Mar 26th, 2010 at 03:45:34 PM EST
[ Parent ]
Reminder: the U.S. already has cap-and-trade--in the Northeast | Grist

The Center for American Progress offers a reminder that we already have a cap-and-trade system for carbon emissions up and running in the U.S.-- it's called the Regional Greenhouse Gas Initiative, it operates in 10 northeastern states, and it works fairly well, according to CAP's new review.

Bradford Plumer rounded up the details in the CAP post. Now I'm copping from his post--what fun, this internet.

Four useful takeaways here, via Plumer:



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Fri Mar 26th, 2010 at 03:56:55 PM EST
[ Parent ]
Guardian: UK firm plans sails to clean up space

British scientists have unveiled plans to clean up the junkyard of space by attaching giant sails to orbiting rubbish to drag it down into Earth's atmosphere, where it will burn up.

Fifty years of space exploration have left more than 5,500 tonnes of spent rockets, defunct satellites and abandoned equipment hurtling around the planet and cluttering up the nearest reaches of space.

The build-up of debris, which is growing at 5% a year, is a major threat to working satellites and crewed spacecraft, such as the space shuttle and the International Space Station, which have to alter their orbits occasionally to avoid a direct hit.

by Sassafras on Fri Mar 26th, 2010 at 04:40:45 PM EST
[ Parent ]
I thought the main problem is not the big chunks that are easily tracked, but the small derbis of broken-off parts, paint and such?

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Fri Mar 26th, 2010 at 05:18:59 PM EST
[ Parent ]
Indeed, and what better way to catch these than with giant sails that sweep the orbits and drag the dust and debris down to the atmosphere? :)

Anyway, I think it's silly trying to clean these down, better to catch them and put them all in a nice stable orbit ready for reuse - we've paid vast sums to get them up there, let's leave them up there.

by njh on Fri Mar 26th, 2010 at 09:27:07 PM EST
[ Parent ]
Taxing CO2 Emissions At Europe's Borders - Green Inc. Blog - NYTimes.com

Is the time approaching when the European Union will impose greenhouse gas controls on products and services imported from parts of the world that lack such regulations?

French President Nicolas Sarkozy seems to hope so.

Addressing reporters at an E.U. summit in Brussels, Mr. Sarkozy reiterated his view on Friday that imports from countries with looser environmental rules should be penalized.

The E.U. put in place an emissions-trading system in 2005 that forces businesses to pay more to release more greenhouse gases. The so-called border adjustment tax favored by Mr. Sarkozy could help steel, chemical and other major polluters in Europe cope with cheaper imports from overseas.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Fri Mar 26th, 2010 at 04:48:30 PM EST
[ Parent ]
 LIVING ON THE PLANET 
 Society, Culture, History, Information 


*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Fri Mar 26th, 2010 at 02:17:39 PM EST
Typing technique 'could trap paedophiles' - Telegraph

Researchers believe technology could be used to determine a computer typist's age, sex and culture within 10 keystrokes by monitoring their speed and rhythm.

The murder of Ashleigh Hall, a teenager from Darlington, last year by a predator she met on Facebook has raised fresh calls for extra security to protect young people on the internet.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Fri Mar 26th, 2010 at 02:24:10 PM EST
[ Parent ]
What will you do with Ordnance Survey's data? | Technology | guardian.co.uk

What will you do come April 1, when Ordnance Survey goes free?

You hadn't heard? You should have. In a big victory for the Free Our Data campaign, Gordon Brown has announced that various sets of OS data - presently expected to be vector and raster datasets from 1:25,000 up to 1:50,000 maps will be made available for free reuse, including commercial reuse.

That's going to create the possibility of paper maps created using OS data, but which are tailored to specific niche uses - rambling, climbing, canoeing, horse-riding, tourism, say.

Then there are all the potential online uses - which the Show Us A Better Way competition, and its winners, could exploit in all sorts of ways that they weren't able to before.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Fri Mar 26th, 2010 at 02:26:39 PM EST
[ Parent ]
Microsoft's Hotmail flicks finger at UK students * The Register

Microsoft's Hotmail and Outlook Live servers keep getting stuck on a spamming loop that is locking many students and teaching staff at UK universities out of the firm's email service.

On 18 March, Microsoft admitted that Hotmail and Outlook Live users at the University of Bath and the University of Manchester were unable to receive emails for the best part of the day due to a cockup with the junk email filtering system.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Fri Mar 26th, 2010 at 02:36:32 PM EST
[ Parent ]
Was prominent conservative fired for health care dissent? - Yahoo! News

When former George W. Bush speechwriter David Frumpublished a blog post declaring the final vote on health care reform the "Waterloo" of the Republican Party, he drew a firestorm of criticism on the right. He also, it seems, sacrificed his seven-year fellowship at the American Enterprise Institute. The prestigious conservative think tank abruptly dismissed Frum on Thursday from his $100,000-a-year post as an AEI resident scholar.

Initial reports of his dismissal indicated some dissatisfaction from AEI brass about how little time Frum was logging at the office compared with outside projects, such as his columns at CNN.comand in the Week magazine Frum told Greg Sargent at the Washington Post that AEI President Arthur Brooks informed Frum he could retain his formal affiliation with the institute -- only without any salary. Frum declined the offer and submitted his formal resignation to Brooks after their lunchtime meeting

A different version of events surfaced Friday, when Frum told Politico's Mike Allen that "the core of the story is the kind of economic pressure that intellectual conservatives are under. AEI represents the best of the conservative world. Arthur Brooks is a brilliant man, and his books are fantastic. But the elite isn't leading anymore. It's trapped." Specifically, Frum alluded to pressure from major donors at the institute after the controversial "Waterloo" post.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Fri Mar 26th, 2010 at 05:17:36 PM EST
[ Parent ]
Stationerity

In 1882, Puck's editor, H.C. Brunner wrote, "There must be something wrong, either in the laws or social system, by which one man can acquire so much wealth and power to the detriment of other men."

Read more...

Related galleries:
The Garden Party of the Monopolists
Keppler

Diversity is the key to economic and political evolution.

by Cat on Fri Mar 26th, 2010 at 09:18:17 PM EST
[ Parent ]
 PEOPLE AND KLATSCH 


*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Fri Mar 26th, 2010 at 02:18:08 PM EST
Fangs but no fangs: bid to honour author of Dracula falls victim to Irish cash woes - Europe, World - The Independent

A campaign is under way to have a statue of the creator of Count Dracula - one of Gothic horror's most fascinating characters - erected in his native city of Dublin.

Many do not realise that Bram Stoker, author of the book Dracula, was an Irishman who spent much of his life in Dublin. In fact several of the numerous Draculesque theories maintain that his creation is grounded not just in Transylvania but in Irish folklore.

The statue proposal, which came from Dacre Stoker, the author's great-great-nephew, has found initial favour with Dublin Council's advisers.

But, since the Irish economy might these days be described as close to undead, the statue project - planned to coincide with the centenary of the author's death in 2012 - will only go ahead if the Stoker family can find the money for it. According to a council spokesman, a life-size statue would cost around €100,000 (£90,000).



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Fri Mar 26th, 2010 at 02:52:30 PM EST
[ Parent ]
Xinhua.net "Schindler's list" on sale

A New York memorabilia dealer is selling what he claims is the last privately-owned copy of a World War Two manuscript of Jewish names known as "Schindler's list" and made famous in the 1993 movie of the same name.

New York memorabilia dealer, Gary Zimet is asking $2.2 million for the list. He says three others are owned by museums, including the United States Holocaust Memorial Museum in Washington and the Holocaust memorial Yad Vashem in Jerusalem.

Representing the manuscript's seller, Zimet, says it's been held for more than 55 years by the family of Schindler's accountant, Itzhak Stern. The Stern family recently sold it to the current, unidentified owner.

by Sassafras on Fri Mar 26th, 2010 at 04:37:49 PM EST
[ Parent ]
Guardian: He's not the messiah, he's a very bewildered boy

The trouble started when Raj Patel appeared on American TV to plug his latest book, an analysis of the financial crisis called The Value of Nothing.

Shortly afterwards, however, things took a strange turn. Over the course of a couple of days, cryptic messages started filling his inbox.

"I started getting emails saying 'have you heard of Benjamin Creme?' and 'are you the world teacher?'" he said. "Then all of a sudden it wasn't just random internet folk, but also friends saying, 'Have you seen this?'"

What he had written off as gobbledygook suddenly turned into something altogether more bizarre: he was being lauded by members of an obscure religious group who had decided that Patel - a food activist who grew up in a corner shop in Golders Green in north-west London - was, in fact, the messiah.

by Sassafras on Fri Mar 26th, 2010 at 04:52:28 PM EST
[ Parent ]
I'm not the messiah, says food activist - but his many worshippers do not believe him | World news | The Guardian

It is not the first time that Creme, an inscrutable guru with a mop of curly white hair, has courted publicity with his wild pronouncements of a messiah. In 1985 he made another prophecy: that Maitreya would reveal himself to the press in London.

A gaggle of journalists gathered in a Brick Lane curry house for the main event. In the end, the promised saviour failed to materialise. (One candidate, "a man in old robes and a faraway look in his eye", turned out to be a tramp begging for cigarettes, our correspondent wrote at the time).

Patel's rejection of his status as a deity does not seem to have killed off interest from Share's members. Indeed, the situation has invaded his everyday life, such as when two devotees travelled from Detroit - some 2,400 miles away - just to hear him give a short public talk.

"They were really nice people, not in your face, really straightforward - these people do not look like fanatics," he says. "I gave the talk, and they hung around at the end and we had a chat."

It was only then that the pair revealed that they were followers of Creme's teachings.

Patel said: "They said they thought I was the Maitreya ... they also said I had appeared in their dreams. I said: 'I'm really flattered that you came all the way here, but it breaks my heart that you came all this way and spent all this money to meet someone who isn't who you think he is.'

"It made me really depressed, actually. That evening I was really down."

While he struggles to cope with this unwanted anointment, his friends and family are more tickled by the situation.

"They think it's hilarious,"

me too. poor guy though, that's publicity for ya...

i hope it puts him at the top of amazon, cuz he sounds like he actually has a clue or three.

maybe if he sprouts wings, folks will listen to what he's saying.

nah...

'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 Sat Mar 27th, 2010 at 09:48:05 AM EST
[ Parent ]
Independent: How an apple for teacher became Test tickets

The days when teachers could expect just a hand-written card or chocolates from their pupils as a present at the end of term are fast disappearing.

Instead, they are being showered with an ever-more bewildering array of expensive presents, including opera and Test match tickets, champagne - and even a brace of pheasants. One teacher was even promised a foreign holiday by a parent if he could get a child onto a music scholarship scheme run by Eton.

The glittering array of presents on offer is revealed in a survey of more than 1,000 teachers published today by the Association of Teachers and Lecturers. It has prompted concerns, to be raised at the union's conference next week, that the custom has become "increasingly commercialised and competitive".

We did discuss at lunch whether we felt we could manage our embarrassment over a Tiffany bracelet...

by Sassafras on Fri Mar 26th, 2010 at 05:03:49 PM EST
[ Parent ]
Did you email the article to every single parent?

Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Fri Mar 26th, 2010 at 06:35:02 PM EST
[ Parent ]
Super-stallion's semen is talk of the day in Finnish equestrian circles

A mare called Asherah Ishtar from the Kirkkonummi-based RH Team is the only horse in Finland that has been deemed sufficiently worthy - together with 99 other quality mares worldwide - to receive seminal fluid from the Dutch super-stallion Moorlands Totilas.

Some may ask "Moorlands Who?", but in the international media Moorlands Totilas has been described as a dressage sensation and the priciest horse of all time. If he were for sale, the price-tag for the ten-year-old stallion, "Toto" to his friends, would read EUR 25 million. With that amount of money one could buy, for example, approximately 860 Škoda Superb Combi family estate cars.

"The stallion is a triple Dressage World Champion. The percentages it has achieved its victories with have been in a league all their own. Normally, at the Olympic level, the top dressage horses receive around 80 per cent of the maximum points. This one has been awarded scores of over 90 per cent", gasps Tarja Malmström, the owner of the lucky mare.

Finnish Breeders' Association Chairman of the Board Håkan Wahlman seems equally impressed with the uniqueness of the offered breeding possibility.

 "We have high expectations. Totilas is an exceptional individual, one that has impressed the entire dressage world with his moves", Wahlman gushes.



You can't be me, I'm taken
by Sven Triloqvist on Sat Mar 27th, 2010 at 04:41:32 AM EST
[ Parent ]
0:13



The point is not to be right, but to get to right.

by marco on Sat Mar 27th, 2010 at 07:16:49 AM EST
[ Parent ]
classy

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Sat Mar 27th, 2010 at 10:51:24 AM EST
[ Parent ]
In the shower this morning, for no particular reason, I thought it would be great to have spoken podcasts of the best ET diaries. How that could be technically integrated into Scoop, I have no idea.

You can't be me, I'm taken
by Sven Triloqvist on Sat Mar 27th, 2010 at 12:24:08 PM EST
[ Parent ]


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