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European Salon de News, Discussion et Klatsch - 23 November

by ceebs Tue Nov 22nd, 2011 at 07:21:42 PM EST

 A Daily Review Of International Online Media 


Europeans on this date in history:

1616 - birth of John Wallis, Mathematician (d. 1703)

More here and here

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

by ceebs (ceebs (at) eurotrib (dot) com) on Tue Nov 22nd, 2011 at 12:16:21 PM EST
BBC News - Daniel Morgan axe murder: Mother to meet home secretary

Home Secretary Theresa May has agreed to meet the mother of murdered private investigator Daniel Morgan, who has stepped up her fight for a judicial inquiry into his death.

Despite five police investigations, costing millions of pounds, no-one has ever been convicted of his murder

Isobel Hulsmann, 83, from Hay-on-Wye, Powys, has vowed to get justice 24 years after her son was killed.

Mrs May will be the first home secretary to meet the family.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Nov 22nd, 2011 at 12:31:04 PM EST
[ Parent ]
Rating agencies urge Spain's Rajoy to make "radical" fiscal reform

MADRID, Nov. 22 (Xinhua) -- Risk assessment agencies Fitch and Standard and Poor's have called on the Popular Party to take advantage of their overall majority won in last Sunday's general elections to "launch a radical and ambitious structural reform".

The PP, led by Mariano Rajoy won 186 out of the 350 seats in the Spanish Congress in the elections and can now rule with an absolute majority, replacing the Socialist party in power.

The agencies have not yet taken any action to lower their rating of Spain's debt, which is currently AA- with a negative perspective. Indeed they have refused to lower it further unless Spain complies with its obligations to lower its deficit (which Rajoy has already promised to do) or if growth forecasts are reduced.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Nov 22nd, 2011 at 01:18:25 PM EST
[ Parent ]
He hasn't even taken office yet.

Everyone, even the ElPais editorial is asking for the usual constitutional times to be sped up so Rajoy can take power and start enacting reforms.

To err is of course human. But to mess things up spectacularly, we need an elite — Yanis Varoufakis

by Migeru (migeru at eurotrib dot com) on Tue Nov 22nd, 2011 at 06:27:50 PM EST
[ Parent ]
Is it the function of ratings agencies to make direct policy recommendations to "sovereign" governments?

(I know it's a feeble objection since everyone has long since decided it's just fine...)

by afew (afew(a in a circle)eurotrib_dot_com) on Wed Nov 23rd, 2011 at 02:28:53 AM EST
[ Parent ]
given what's happened in Greece and Italy, I'm surprised they merely "recommended" the policy. Usually orders are couched in stronger language.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Wed Nov 23rd, 2011 at 02:45:54 AM EST
[ Parent ]
Here is our list of demands. We will start cutting fingers off next week.

It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II
by eurogreen on Wed Nov 23rd, 2011 at 04:48:59 AM EST
[ Parent ]
I would advise against painting the Market(tm) as the monster. The market is ledning money, without which budgets would, by definition, have to balance immediately. The fault lies not with the markets who merely offer (or not) to extend loans, but with the politicians all over the Eurozone and the politicians in charge of the ECB.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Wed Nov 23rd, 2011 at 02:30:56 PM EST
[ Parent ]
BBC News - German MPs unite against murders blamed on neo-Nazis

Parliament in Germany has united to express its shame at the failure of security services to stop a neo-Nazi cell accused of 10 murders.

MPs from across the political divide rose to their feet in the Bundestag to hear the speaker, Norbert Lammert, condemn the handling of the crimes.

The 10 victims - eight Turks, a Greek and a German policewoman - were killed over a decade.

Their suspected killers were only discovered this month.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Nov 22nd, 2011 at 01:26:41 PM EST
[ Parent ]
Apparently they're shocked. I'm sure they didn't know what was going on, but I think elements within the police and security services knew exactly what was occurring.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Wed Nov 23rd, 2011 at 02:50:05 AM EST
[ Parent ]
BBC News - Merkel sees EU treaty change as solution, not eurobonds

German Chancellor Angela Merkel has said that EU treaty changes rather than eurobonds will help solve the eurozone debt crisis.

On the eve of European Commission proposals for bonds backed by all 17 eurozone states, she said that what was needed was a political response.

Mrs Merkel argued if there was to be a debate on eurobonds, it should be at the end, not the middle of the crisis.

Germany fears that it would bear much of the cost of jointly backed bonds.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Nov 22nd, 2011 at 01:27:06 PM EST
[ Parent ]
the cavalry arrives to a smoking field of ruins littered with corpses.

Are there psychological clues in this? Germany was saved, and perhaps implicitly absolved of its sins, after being severely fcuked over in WWII. Likewise, East Germany was not simply integrated, but severely punished for its communism, by decades of economic depression.

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

by eurogreen on Wed Nov 23rd, 2011 at 04:53:15 AM EST
[ Parent ]
It is imperative to mount a grass-roots opposition to this treaty from right now.

To err is of course human. But to mess things up spectacularly, we need an elite — Yanis Varoufakis
by Migeru (migeru at eurotrib dot com) on Wed Nov 23rd, 2011 at 05:04:43 AM EST
[ Parent ]
Isn't there an EU process for citizens to garner enough signatures to propose legislation?

ET did have a petition drive before.

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

by Crazy Horse on Wed Nov 23rd, 2011 at 05:15:42 AM EST
[ Parent ]
That's not the point here. The point is a treaty revision will eventually have to be passed by the national parliaments and hopefully some referenda where it can be defeated. But the noise needs to start now.

To err is of course human. But to mess things up spectacularly, we need an elite — Yanis Varoufakis
by Migeru (migeru at eurotrib dot com) on Wed Nov 23rd, 2011 at 05:17:11 AM EST
[ Parent ]
I think it is time for more than just rejection of this treaty revision. The left's idea of Europe is what we need.
by Katrin on Wed Nov 23rd, 2011 at 05:25:46 AM EST
[ Parent ]
But the next treaty revision will have to be defeated first, like the constitutional fiasco. And the attempt to ram it through again, unlike the Lisbon Treaty.

You are right to be sceptical about the chances of success, but at least we have Cohn Bendit's declared intent to oppose it.

To err is of course human. But to mess things up spectacularly, we need an elite — Yanis Varoufakis

by Migeru (migeru at eurotrib dot com) on Wed Nov 23rd, 2011 at 05:31:16 AM EST
[ Parent ]
We probably need an alternate proposal too.
by Colman (colman at eurotrib.com) on Wed Nov 23rd, 2011 at 05:32:42 AM EST
[ Parent ]
That can also be part of the process, yes.

To err is of course human. But to mess things up spectacularly, we need an elite — Yanis Varoufakis
by Migeru (migeru at eurotrib dot com) on Wed Nov 23rd, 2011 at 05:34:20 AM EST
[ Parent ]
Necessarily, imo, if we are to be distinguishable from the national-sovereignists of right or left.
by afew (afew(a in a circle)eurotrib_dot_com) on Wed Nov 23rd, 2011 at 05:42:59 AM EST
[ Parent ]
That's roughly the idea that was staggering around my mind.
by Colman (colman at eurotrib.com) on Wed Nov 23rd, 2011 at 05:44:58 AM EST
[ Parent ]
But as part of the process.

Just like the opposition to the specific treaty proposals will have to shift as the proposals shift, so the specific counterproposal needs to evolve and we're not supposed to have a treaty drafted before we can oppose Merkel's ideas.

Also, this should be open. Something not unlike this blog or a wiki or the indignant movement.

To err is of course human. But to mess things up spectacularly, we need an elite — Yanis Varoufakis

by Migeru (migeru at eurotrib dot com) on Wed Nov 23rd, 2011 at 05:51:30 AM EST
[ Parent ]
he seems the only one with a clue, and the gonads to speak out...

'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 Wed Nov 23rd, 2011 at 03:21:02 PM EST
[ Parent ]
BBC News - School murder scandal shocks France

The French government has condemned the judiciary's handling of a teenager accused of rape who went on to murder a girl from his boarding school.

The boy, identified as Mathieu M, 17, had spent four months in jail for raping a minor in southern France.

He had been under judicial supervision. The school said it had not been fully aware of his past.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Nov 22nd, 2011 at 01:27:44 PM EST
[ Parent ]
And as usual in Sarkozistan: a new murder, a new law.
by Bernard on Wed Nov 23rd, 2011 at 02:19:32 AM EST
[ Parent ]
As usual: a new murder, a new law announced which they claim will do what is already in the law today...

Wind power
by Jerome a Paris (etg@eurotrib.com) on Wed Nov 23rd, 2011 at 05:22:36 AM EST
[ Parent ]
BBC News - Helen Ghosh: Extra border relaxation 'never mentioned'

The ex-border force chief never mentioned the relaxation of checks on non-Europeans to Immigration Minister Damian Green or the Home Office's top civil servant, MPs have been told.

Mr Green said he met Brodie Clark nine times during an approved pilot scheme, but was never told that border staff were routinely going beyond its remit.

Dame Helen Ghosh said he also never mentioned it in his written reports.

Mr Clark has insisted he did not ignore government policy.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Nov 22nd, 2011 at 01:47:44 PM EST
[ Parent ]
Well, of course he wouldn't mention it if the order had come from the Home Secretary. He would simply be following departmental policy.

This is a classic he said, she said where a new policy, overlain over another, combined to create a mess. What made it worse was the Border agency being understaffed so that the policy pf opening the gates ended up becoming routine rather than an occasional relaxation.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Wed Nov 23rd, 2011 at 02:57:12 AM EST
[ Parent ]
Danielle Mitterrand - Telegraph

Certainly the elegantly attired diplomats at France's foreign ministry were exasperated by her outbursts, which made her Socialist husband appear a hidebound traditionalist by comparison. The causes she adopted, and loudly defended, were numerous: Tibet; Iraq's Kurds; Marxist guerrillas in El Salvador; Zapatista revolutionaries in Mexico. When Fidel Castro visited France in 1995, she embraced him on the steps of the Elysée Palace.

Then there was her apparent insouciance at her husband's philandering. This was displayed in particularly astonishing style (to Anglo-Saxon eyes, at least) when, at Mitterrand's funeral, she was joined in front of the casket by her dead husband's mistress, Anne Pingeot, and by Mazarine -- the daughter Mitterrand had fathered with her. Far from appearing furious, Danielle Mitterrand embraced Mazarine, winning plaudits from a French establishment which had long known of the president's double life, but chosen not to report it.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Nov 22nd, 2011 at 02:09:11 PM EST
[ Parent ]
François liked to say of her: "She's my leftwing conscience".

Which presumably allowed him to dispense with having one of his own.

by afew (afew(a in a circle)eurotrib_dot_com) on Tue Nov 22nd, 2011 at 03:07:47 PM EST
[ Parent ]
BBC News - Johnson 'affair' bodyguard sacked

A police bodyguard to former Home Secretary Alan Johnson has been sacked after an inquiry into an alleged affair with the Labour MP's wife.

PC Paul Rice, 45, was dismissed by the Metropolitan Police, which condemned him for damaging its reputation.

Mr Johnson quit his ministerial post in January as allegations surrounding the affair became public.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Nov 22nd, 2011 at 02:15:53 PM EST
[ Parent ]
I thought you'd have had to do a lot more than have an affair with an MP's wife to "damage the reputation of the Metropolitan police".

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Wed Nov 23rd, 2011 at 02:59:57 AM EST
[ Parent ]
Eurointelligence Daily Briefing: The Spanish bank run has started
Spain has to pay 5.22% for three-month treasury bills, the result of a bank run that is now affecting the whole of southern Europe; Spanish 10-year spreads rose to over 4.7%; the recapitalisation requirements and the latest stress tests put European banks under massive pressure, as they are seeking to raise money, and dispose of units; Angela Merkel yesterday reiterated her firm opposition to Eurobonds, and criticised the European Commission for bringing this proposal at inopportune time; Hans Werner Sinn calls them "instability bonds" on the grounds that they would produce excessive capital movements; the EU is underlining its message that there will no money for Greece, unless Antonis Samaras gives a written assurance of his support for the programme; another Greek coalition partner is now refusing to sign up, saying that he would instead write an article in his party's newspaper; Belgium's 10-year spreads are now above 3%, as the country is now on the verge of getting into a self-fulfilling insolvency spiral; another "comprehensive solution" to the eurozone crisis beckons in the form of a treaty revision that brings austerity for everybody, forever; Nicolas Sarkozy supports Angela Merkel's plan for such a treaty revision, but may extract a quid pro quo in the form of greater role of the ECB in crisis resolution; the French finance minister has drawn up a new debt reduction plan that relies on unrealistically optimistic assumptions about future growth; Martin Wolf says the eurozone will need a series of drastic policy changes to secure its survival; Bild, meanwhile, warns that the world is out "to get our money".


To err is of course human. But to mess things up spectacularly, we need an elite — Yanis Varoufakis
by Migeru (migeru at eurotrib dot com) on Wed Nov 23rd, 2011 at 04:03:55 AM EST
[ Parent ]
Another comprehensive solution beckons: a treaty change that somehow misses the point

We are going to hear a lot more about as this is we approach the next summit. The German are pushing for a Treaty change, which they genuinely believe will solve the crisis, and which reflects their warped interpretation of why this crisis arose. Angela Merkel said yesterday: "Treaty changes are for me an immediate part of solving the crisis, the political response to a politically-derived confidence crisis... I don't see any other alternatives currently. One can't muddle through anymore," she was quoted by Reuters.

(A treaty change that effectively promises more austerity, forever, and everywhere is not going to calm the markets. Just look at the market reaction to Mariano Rajoy's victory in Spain. In our view, we have moved to a stage in the crisis, where the only political commitment anybody would care about now would be a strong form of Eurobonds, and an ECB lender of last resort status. The crisis has escalated precisely because Merkel has ruled out both, and of course due to muddling through.

Angela Merkel wins over Nicolas Sarkozy for EU treaty changes

Nicolas Sarkozy last night announced that he supported Angela Merkel's request to change the EU treaty "in order to avoid that (euro) countries can diverge in budgetary, economic and fiscal policies", Les Echos and Le Figaro report. Sarkozy's support is an important victory for the chancellor who wants euro countries, which repeatedly break the deficit rules, to be made subject to direct interference by Brussels. Also she wants to possibility to bring them to the ECJ. The question now is, the paper says, whether Sarkozy has obtained a quid-pro-quo, for example German concession on an ECB backstop. Nicolas Sarkozy hinted this could be the case.



To err is of course human. But to mess things up spectacularly, we need an elite — Yanis Varoufakis
by Migeru (migeru at eurotrib dot com) on Wed Nov 23rd, 2011 at 04:07:32 AM EST
[ Parent ]
It's somehow richly ironic that Greece's impending default and possible exit from the Euro (with all of its ramifications for the rest) may depend on the right-wingers in a unity gov't, some of whom are professed neo-Nazis. If you wrote this script about how it might all end many years ago, you would be laughed out of Hollywood.

The absurdity is so juicy that one is tempted to simply see how it will play out. One hopes the right-wingers will not cave simply to see this dark comedy continue toward its perverse conclusion.

by Upstate NY on Wed Nov 23rd, 2011 at 11:58:31 AM EST
[ Parent ]
Bild: Alle wollen unser Geld! Briten, Amerikaner und die ganze EU
ALLE WELT WILL AN UNSER GELD. WIE LANGE HÄLT KANZLERIN MERKEL NOCH STAND?

...

Merkel hielt gestern (mal wieder) dagegen: ,,Eurobonds wird es so nicht geben."

...

Auch hier legt sich Merkel quer, sieht in grenzenlosem EZB-Anleiheaufkauf sogar Rechtsbruch. Aber beim letzten G20-Gipfel Anfang November stand sie damit allein. Immerhin: Ohne das deutsche Ja geht mit der EZB nichts.

All want our money: Britons, American and the whole EU
ALL THE WORLD WANTS AT OUR MONEY. HOW LONG WILL CHANCELLOR MERKEL YET RESIST?

...

Merkel spoke (yet again) against [Eurobonds]: "There will not be Eurobonds like this".

...

Also here Merkel threw a spanner in the works, even seeing in unlimited ECB bond purchases a legal breach. But at the latest G20 summit at the start of November was she alone on it. In any case: without the German yes nothing goes with the ECB.

I suggest, since everyone else wants their marbles, Germany should take them away and play alone.

To err is of course human. But to mess things up spectacularly, we need an elite — Yanis Varoufakis
by Migeru (migeru at eurotrib dot com) on Wed Nov 23rd, 2011 at 04:35:09 AM EST
[ Parent ]
"If you don't give us some of your money, we won't be able to buy your shiny cars"

Wind power
by Jerome a Paris (etg@eurotrib.com) on Wed Nov 23rd, 2011 at 05:24:49 AM EST
[ Parent ]
Another possible answer: since you want all of our blood, it's only fair that you pay for it.

But the best answer is "fuck off with your gold coins and let the rest of us have an adult monetary system".

To err is of course human. But to mess things up spectacularly, we need an elite — Yanis Varoufakis

by Migeru (migeru at eurotrib dot com) on Wed Nov 23rd, 2011 at 05:27:02 AM EST
[ Parent ]


Science without religion is lame, religion without science is blind...Albert Einstein
by vbo on Wed Nov 23rd, 2011 at 05:34:59 AM EST
[ Parent ]
BBC News - Obama effigy burnt by St Andrews Conservative students

An effigy of US President Barack Obama was burned over the weekend by members of the Conservative student association at St Andrews University.

The incident is understood to have taken place on Friday evening on the town's East Sands beach.

One of those who attended told the BBC that members of the association had "no input" and were "surprised" to discover Obama was on the bonfire.

The St Andrews Conservative Association apologised for any offence caused.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Wed Nov 23rd, 2011 at 07:02:51 AM EST
[ Parent ]
Tory society which torched Obama effigy repeatedly burned Mandela | Political Scrapbook
The Conservative Association which caused outrage by burning an effigy of Barack Obama have previously torched a likeness of Nelson Mandela on numerous occasions and toasted Apartheid at their annual dinners. The group at St Andrews University have been excoriated for the racial insensitivities of the stunt -- but the burning of Mandela, which occurred most recently in 2005, recalls student posters and t-shirts from the 1980s:


Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Wed Nov 23rd, 2011 at 07:37:37 AM EST
[ Parent ]
the next generation of effete sociopaths practices its riffs, preparing for their turn at power.

smug, entitled little *&^*s, makes you proud, don't it?

'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 Wed Nov 23rd, 2011 at 07:33:03 PM EST
[ Parent ]
Parties bring Kalashnikovs to election shoot-out -- RT

A world-famous weapons designer has accused the Russian Communist Party of illegally using his name in its election campaign.

­Mikhail Kalashnikov has submitted an official complaint to the Central Elections Commission and to the Prosecutor-General's Office in which he said that the Communist Party of the Russian Federation (KPRF) was using his name in their campaign without his permission.

The 92-year old inventor of the Kalashnikov rifle objected to billboards placed all over Russia in which he is pictured together with his namesake, Communist Party candidate Leonid Kalashnikov, with the slogan "Kalashnikov - the choice of millions" and "Vote for Kalashnikov." Other billboards featured Mikhail Kalashnikov with his assault rifle and with the Communist Party emblem.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Wed Nov 23rd, 2011 at 09:03:24 AM EST
[ Parent ]
 ECONOMY & FINANCE 


Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Nov 22nd, 2011 at 12:17:07 PM EST
Iran says Western sanctions aim at "propagandistic, psychological war"
TEHRAN, Nov. 22 (Xinhua) -- Iranian Foreign Ministry spokesman Ramin Mehmanparast said Tuesday that latest Western sanctions against the country aim at propagandistic and psychological war.

The recent move by certain Western countries to put sanctions on Iran shows their hostility toward the Iranian nation and is an "experienced and futile act," said the spokesman at his weekly press briefing.

On Monday, the United States and its allies Britain and Canada announced new sanctions against Iran, in the wake of a report by the International Atomic Energy Agency (IAEA) that expressed concern over Tehran's controversial nuclear program.

"Everybody knows that our trade exchange with the U.S. and UK is at its lowest level," said Mehmanparast.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Nov 22nd, 2011 at 01:19:27 PM EST
[ Parent ]
Fuel poverty protesters stage 'die-in' over winter deaths | Money | guardian.co.uk

Pensioner Linda Powell is sat shivering on a London street, her teeth chattering beneath blue lips as she uses a cardigan to keep warm. Fortunately for Powell she is only pretending to be a victim of fuel poverty - she is taking part in an organised "die-in" outside the headquarters of EDF Energy overlooking Green Park, London.

With other members of the Fuel Poverty Action Group, Powell - her face painted a deathly white and her lips a vivid azure - is pretending to freeze in protest at the number of excess winter deaths that occur in the UK each year. According to figures released by the Office for National Statistics (ONS) there were 25,700 deaths of this type in 2010-11.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Nov 22nd, 2011 at 01:32:50 PM EST
[ Parent ]
25,700 deaths of this type in 2010-11.

Oh my God...this is shocking...and this happening in UK...unbelievable...

Science without religion is lame, religion without science is blind...Albert Einstein
by vbo on Tue Nov 22nd, 2011 at 08:16:53 PM EST
[ Parent ]
this is what happens after 30 years of conservative government

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Wed Nov 23rd, 2011 at 03:01:07 AM EST
[ Parent ]
this will be solved "naturally" by global warming (even though it doesn't really exist, its positive side effects do)

Wind power
by Jerome a Paris (etg@eurotrib.com) on Wed Nov 23rd, 2011 at 05:25:51 AM EST
[ Parent ]
But then the Brits will start dying from the heat....
by gk (gk (gk quattro due due sette @gmail.com)) on Wed Nov 23rd, 2011 at 07:11:25 AM EST
[ Parent ]
Shares in Germany's Commerzbank plummet 15% - FRANCE 24

Shares in Germany's second-biggest bank Commerzbank sank 15 percent Tuesday to a historic low on fears that it may need far more capital than once thought to meet EU requirements.

The stock plummeted 15.13 percent to 1.15 euros on the Frankfurt stock exchange, by far the worst performance among the DAX 30 companies, whose index was down 1.22 percent to 5.537,39 points.

Commerzbank is one of the German banks most heavily exposed to Greek debt.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Nov 22nd, 2011 at 01:43:18 PM EST
[ Parent ]
BBC News - Thomas Cook shares dive 75% on news of bank talks

Shares in Thomas Cook have closed down 75% after it announced it was in talks with banks about increasing the amount of money it can borrow.

The travel firm said it had seen a "deterioration of trading", due to political unrest in Egypt and Tunisia and floods in Thailand.

It also said it would delay releasing its full year results until it had concluded the discussions.

Thomas Cook reassured customers that their bookings were fully protected.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Nov 22nd, 2011 at 01:51:44 PM EST
[ Parent ]
BBC News - Astraeus Airlines in administration

An airline whose pilots included the lead singer of Iron Maiden has gone into administration.

Astraeus Airlines, which is based in Crawley, Sussex, announced it had ceased operations.

The company, which leased aeroplanes to other carriers, had singer Bruce Dickinson on its books as a pilot and marketing director.

Chief executive Hugh Parry blamed "lower than expected" business during the summer for the decision



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Nov 22nd, 2011 at 02:07:08 PM EST
[ Parent ]
TC has a credit line of £900m and is pushing for another £100m.

Projected annual profits are around £300m, and likely to fall again for the next couple of years at least.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Wed Nov 23rd, 2011 at 05:17:00 AM EST
[ Parent ]
Arabian Business: Arab project finance goes local on Europe debt woes
Arab governments and companies are relying more on domestic banks, export credit agencies and bond investors to finance projects as Europe's debt crisis prompts European banks to curtail lending in the region.

...

"European banks, which historically played the biggest role in project finance as they began lending to the oil and gas sector four decades ago, have significantly reduced loans since 2008," the chief executive officer of ACWA Power International, the Saudi developer of electricity and water projects, Paddy Padmanathan, said by email on Nov 15.

"Very large transactions, previously funded by commercial banks, are now more reliant on export-credit agencies. Going forward we will see project bonds becoming more significant."



To err is of course human. But to mess things up spectacularly, we need an elite — Yanis Varoufakis
by Migeru (migeru at eurotrib dot com) on Tue Nov 22nd, 2011 at 06:29:34 PM EST
[ Parent ]
Perhaps the European banks, facing increased capital requirements, are not interested an stable, long term finance, preferring dodgy but high rate loans with terms of six months or less. If these blow up they will claim that the regulators made them do it.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Nov 22nd, 2011 at 10:43:25 PM EST
[ Parent ]
this is largely linked to scarcity of long term dollar funding for European banks, as discussed here (this story was about the US, but as the Middle East is largely dollarised, it's the same thing)

I'd note that the article's reference to ECAs is a bit silly, as ECAs have always be largely involved in these projects. This is about who takes the risk, not about who provides the funding (most ECAs do not provide funding themselves).

Wind power

by Jerome a Paris (etg@eurotrib.com) on Wed Nov 23rd, 2011 at 05:29:19 AM EST
[ Parent ]
MF Global Revelations Keep Getting Worse   By Janet M. Tavakoli, President, Tavakoli Structured Finance, Inc.

● Shortfall estimated at $1.2 billion or more (up from $600 million)
● "Repo-to-Maturity" is a "Total Return Swap-to-Maturity," a Type of Credit Derivative
● Probable Shortfalls Throughout 2011
● Regulators Waive Required Tests for Jon Corzine
● Jon Corzine to Credit Derivatives Head: Next Time "Double Up"
JT Note: Subsequent to this report Jim Parascandola told me that he was never told to increase the size of any position, albeit his trades were profitable.
● Questions About How MF Global Became a Primary Dealer
● MF Global Wrote Rubber Checks for some Electronic Checks for Others
● Tip-Offs for Some Customers?
● CFTC's Gary Gensler Didn't Act
● MF Global Debacle Damages a Key Global Market

When MF Global collapsed on October 21, it was the biggest financial firm to collapse since Lehman in
September 2008. Then Chairman and CEO Jon Corzine is connected to the head of one of his key regulators, the
Commodity Futures Trading Commission (CFTC), through his former protégé at Goldman Sachs, Gary Gensler.
He also knows the Fed's William Dudley, a key member of the Fed's Open Market Committee, from their days at
Goldman Sachs. The Fed approved MF Global's status as a primary dealer, a participant in the Fed's Open
Market Operations, just before Jon Corzine took its helm and beached it on a reef called leveraged credit risk.

....

Regulators Waive Required Tests for Jon Corzine
Jon Corzine resigned as Chairman and CEO of MF Global on November 4, just days after the October 31
bankruptcy announcement. As a matter of corporate governance, holding the position of Chairman nad CEO
meant that Corzine had a lot of concentrated power with little oversight. Many question the wisdom of a
corporate structure that allows officers to hold this dual position. (Ken Lewis, the Chairman and CEO that
merged Bank of America into the poorhouse held this dual role, too. Lewis defended this practice at the Federal
Reserve Bank of Chicago's Bank Structure Conference in 2003.) Corzine was the former governor of New Jersey
and had been out of the active markets for twelve years. Prior to that, until 1999 he had been the CEO of
Goldman Sachs.
The Financial Industry Regulatory Authority Inc. (FINRA) gave Jon Corzine a waiver from his Series 7 and Series
24 exams when he took the helm of MF Global in March 2010. The former is required for anyone involved in the
investment banking or securities business including supervision, solicitation, or training of persons associated
with MF Global, and that included Corzine. As an officer of MF Global the latter was required for Corzine, since
he had been out of the business for around 12 years or more than six times the 2 year expiration date for
reactivating these qualifications.

The best coverage to date on this ongoing debacle. She also notes that Corzine was Obama's leading bundler in '08. Seven pages of this sort of stuff plus an education in "Repro to maturity" 'investments'.


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

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Nov 22nd, 2011 at 11:00:05 PM EST
[ Parent ]
Corzine Is Summoned by House Panel to Testify About Collapse of MF Global  Bloomberg

Nov. 21 (Bloomberg) -- MF Global Inc.'s shortfall in U.S. segregated customer accounts may be as much as $1.2 billion or more, said James Giddens, the trustee overseeing a liquidation of the failed brokerage. Sheila Dharmarajan reports on Bloomberg Television's "InBusiness With Margaret Brennan." (Source: Bloomberg)

Jon S. Corzine, the former U.S. senator and New Jersey governor who ran MF Global Holdings Ltd. (MF) until the firm filed bankruptcy last month, has been called to testify at a House hearing on the failure next month. Corzine, who was chairman and chief executive officer of the New York-based firm, will face questions "on the decisions and events leading to the collapse of MF Global" at a Dec. 15 hearing before the House Financial Services Oversight and Investigations panel, according to a statement released today.

Corzine, who was co-chief executive officer of Goldman Sachs Group Inc. (GS) before seeking public office as a Democrat, resigned from MF Global on Nov. 4 after the firm filed the eighth-largest bankruptcy in U.S. history after a wrong-way $6.3 billion trade on its own behalf on bonds of some of Europe's most indebted nations.

....

Gary Gensler, chairman of the Commodity Futures Trading Commission; Robert Cook, director of trading and markets at the Securities and Exchange Commission; William C. Dudley, the president of the Federal Reserve Bank of New York; and Bradley Abelow, MF Global's president and chief operating officer, have also been asked to appear at the hearing, according to a person with direct knowledge of the panel's plans.


Perhaps the MSM will deign to cover this hearing. Since the announcement of the bankruptcy there has been a very circumspect silence on this story.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Nov 22nd, 2011 at 11:45:44 PM EST
[ Parent ]
Economic Historian: 'Germany Was Biggest Debt Transgressor of 20th Century' - SPIEGEL ONLINE - News - International
Think Greece's current economic malaise is the worst ever experienced in Europe? Think again. Germany, economic historian Albrecht Ritschl argues in a SPIEGEL ONLINE interview, has been the worst debtor nation of the past century. He warns the country should take a more chaste approach in the euro crisis or it could face renewed demands for World War II reparations.

[...]

SPIEGEL ONLINE: The Germany of today is considered the embodiment of stability. How many times has Germany become insolvent in the past?

Ritschl: That depends on how you do the math. During the past century alone, though, at least three times. After the first default during the 1930s, the US gave Germany a "haircut" in 1953, reducing its debt problem to practically nothing. Germany has been in a very good position ever since, even as other Europeans were forced to endure the burdens of World War II and the consequences of the German occupation. Germany even had a period of non-payment in 1990.

SPIEGEL ONLINE: Really? A default?

Ritschl: Yes, then-Chancellor Helmut Kohl refused at the time to implement changes to the London Agreement on German External Debts of 1953. Under the terms of the agreement, in the event of a reunification, the issue of German reparations payments from World War II would be newly regulated. The only demand made was that a small remaining sum be paid, but we're talking about minimal sums here. With the exception of compensation paid out to forced laborers, Germany did not pay any reparations after 1990 -- and neither did it pay off the loans and occupation costs it pressed out of the countries it had occupied during World War II. Not to the Greeks, either.

by Bernard on Wed Nov 23rd, 2011 at 02:22:12 AM EST
[ Parent ]
Hmm, worth front paging. Can you do a diary about it?

Wind power
by Jerome a Paris (etg@eurotrib.com) on Wed Nov 23rd, 2011 at 05:31:01 AM EST
[ Parent ]
See also.

To err is of course human. But to mess things up spectacularly, we need an elite — Yanis Varoufakis
by Migeru (migeru at eurotrib dot com) on Wed Nov 23rd, 2011 at 05:34:54 AM EST
[ Parent ]
Reuters: German 10-year bond auction a 'disaster'
One of Germany's worst bond sales since the launch of the euro prompted concerns the debt crisis was even beginning to threaten Berlin on Wednesday, with the Bundesbank forced to buy large amounts of the bonds to ensure the auction did not fail.
What.the.fuck

To err is of course human. But to mess things up spectacularly, we need an elite — Yanis Varoufakis
by Migeru (migeru at eurotrib dot com) on Wed Nov 23rd, 2011 at 06:13:29 AM EST
[ Parent ]
Art. 123 appears to have been repealed.

Go print money.

Sincerely,
The Bundesbank

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed Nov 23rd, 2011 at 06:16:54 AM EST
[ Parent ]
If this means what I think it means it settles the old stupid or evil question.
by generic on Wed Nov 23rd, 2011 at 06:57:10 AM EST
[ Parent ]
Apparently it means Reuters doesn't have a clue how the German bond auctions work.

To err is of course human. But to mess things up spectacularly, we need an elite — Yanis Varoufakis
by Migeru (migeru at eurotrib dot com) on Thu Nov 24th, 2011 at 02:33:22 AM EST
[ Parent ]
James Murdoch quits the boards of Sun and Times | Business

James Murdoch has dramatically resigned as a director of the companies that publish The Times, The Sunday Times and The Sun.

The surprise move, which has seen Rupert Murdoch's son quit a string of directorships at News International, raises questions about parent company News Corporation's commitment to the troubled UK newspaper group.

Companies House filings show James Murdoch has stepped down from the boards of both News Group Newspapers Limited, publisher of The Sun, and Times Newspapers Limited, which operates The Times and Sunday Times.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Wed Nov 23rd, 2011 at 07:43:49 AM EST
[ Parent ]
Twitter / @JoshHalliday: Told that French bank Soci ...
Told that French bank Society Generale is going ahead with legal action against Mail on Sunday. (Google the background)


Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Wed Nov 23rd, 2011 at 08:45:51 AM EST
[ Parent ]
Mail on Sunday may face legal action from SocGen | Media | guardian.co.uk

One of Europe's largest banks, Société Générale, is reportedly planning to take legal action against the Mail on Sunday for defamation after it claimed the bank was in a "perilous" state and on the "brink of disaster".

Shares in the French bank plummeted more than 20% in the week after the Mail on Sunday story was published on 7 August. The newspaper quickly retracted the article and published an apology on its website accepting that the claim "was not true".

According to an internal memo seen by Reuters, Société Générale is now planning to sue the Mail on Sunday publisher, Associated Newspapers, for undisclosed damages over what it called "unfounded rumours".



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Wed Nov 23rd, 2011 at 08:46:57 AM EST
[ Parent ]
 WORLD 


Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Nov 22nd, 2011 at 12:17:32 PM EST
BBC News - Egypt military 'to speed up power transfer'

Egypt's military rulers have agreed to speed up presidential elections, reports say, a key demand of protesters packing Cairo's Tahrir Square.

Politicians at a crisis meeting between political groups and the military said a "national salvation government" would also be formed.

Parliamentary elections next week would go ahead as scheduled, they added.

The move follows days of often violent protests in Cairo's Tahrir Square in which at least 28 people have died.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Nov 22nd, 2011 at 12:32:11 PM EST
[ Parent ]
Egypt's military leader accepts cabinet's resignation - EGYPT - FRANCE 24
Egypt's interim military leader, Field Marshal Hussein Tantawi, says he has accepted the resignation of the Egyptian cabinet and has called for presidential elections to take place before July 2012.


Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Nov 22nd, 2011 at 01:40:49 PM EST
[ Parent ]
given that the new constitution drawn up by the generals gives no civilian oversight of the military, I doubt this will be enough

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Wed Nov 23rd, 2011 at 03:10:49 AM EST
[ Parent ]
British Foreign Secretary tells Syrian opposition to "unite"

LONDON, Nov. 21 (Xinhua) -- British Foreign Secretary William Hague on Monday called on Syrian opposition groups to "unite" against Syrian President Bashar al-Assad.

Hague made the statement after meeting with Syrian opposition representatives in London on Monday.

"At an extreme moment in their nation's history, it is important for opposition groups to be able to put aside their own differences and come to a united view of the way forward," he told a press conference.

But he said Britain was not ready to recognize the Syrian opposition as the country's legitimate government.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Nov 22nd, 2011 at 01:22:50 PM EST
[ Parent ]
Strenger than Fiction-Israel News - Haaretz Israeli News source.

It is hard to avoid the impression that the parliamentarians of the 19th Knesset have engaged in a ferocious competition for chauvinism and anti-liberalism.

Members of the coalition have initiated most of the recent anti-liberal laws with Likud's Ze'ev Elkin and Yariv Levin closely cooperating with Yisrael Beitenu's David Rotem, backed by Justice Minister Yaakov Ne'eman in an attempt to take over the judicial system.  But Kadima, the largest opposition party, is now participating in this festival of chauvinism as well.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Nov 22nd, 2011 at 02:24:29 PM EST
[ Parent ]
As I have said repeatedly, Israel would have a civil war if it ever established peace with its neighbours. So to avoid that civil war, peace must be prevented, which is why its so aggressive.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Wed Nov 23rd, 2011 at 03:17:32 AM EST
[ Parent ]
 LIVING OFF THE PLANET 
 Environment, Energy, Agriculture, Food 


Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Nov 22nd, 2011 at 12:18:15 PM EST
Post-Fukushima 'anti-radiation' pills condemned by scientists | Environment | The Guardian

The Green party's former science and technology spokesman is promoting anti-radiation pills to people in Japan affected by the Fukushima nuclear disaster, that leading scientists have condemned as "useless".

Dr Christopher Busby, a visiting professor at the University of Ulster, is championing a series of expensive products and services which, he claims, will protect people in Japan from the effects of radiation. Among them are mineral supplements on sale for ¥5,800 (£48) a bottle, urine tests for radioactive contaminants for ¥98,000 (£808) and food tests for ¥108,000 (£891).

The tests are provided by Busby Laboratories and promoted through a body called the Christopher Busby Foundation for the Children of Fukushima (CBFCF). Both the pills and the tests are sold through a website in California called 4u-detox.com, run by a man called James Ryan.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Nov 22nd, 2011 at 01:37:54 PM EST
[ Parent ]
Now if only the Japanese whaling fleet could "discover" that the eating of blubber protected people from radiation and the quackery would be complete

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Wed Nov 23rd, 2011 at 03:20:02 AM EST
[ Parent ]
Busby the charlatan strikes again.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Wed Nov 23rd, 2011 at 02:45:59 PM EST
[ Parent ]
Monbiot: Christopher Busby's wild claims hurt green movement and Green party
The Green party adviser's theories on the Fukushima nuclear disaster and a 'leukaemia cluster' in north Wales are baseless scaremongering - even the anti-nuclear lobby must oppose him

...

We have a moral duty to assess threats as clearly and rationally as we can, so that we do not lobby to replace a lesser threat with a greater one. If, as is already happening in Germany, shutting down nuclear power results in an increase in the burning of fossil fuels, especially coal, far more people will suffer and die as a result of both climate change and local pollution. If, as now seems likely, we wildly miss our carbon targets and commit the world to runaway warming, partly as a result of the nuclear shutdown, history will judge the people who demanded it harshly.

So this article is a plea for people to try to step back from their entrenched positions and see the bigger picture. It asks you to be as sceptical about the claims you like as you are about the claims you dislike. It asks you to subject everyone who makes claims about important and contentious subjects to the same standards of enquiry and proof.



To err is of course human. But to mess things up spectacularly, we need an elite — Yanis Varoufakis
by Migeru (migeru at eurotrib dot com) on Thu Nov 24th, 2011 at 02:35:10 AM EST
[ Parent ]
Fresh round of hacked climate science emails leaked online | Environment | The Guardian

A fresh tranche of private emails exchanged between leading climate scientists throughout the last decade was released online on Tuesday. The unauthorised publication is an apparent attempt to repeat the impact of a similar release of emails on the eve of the Copenhagen climate summit in late 2009.

The initial email dump was apparently timed to disrupt the Copenhagen climate talks. It prompted three official inquiries in the UK and two in the US into the working practices of climate scientists. Although these were critical of the scientists' handling of Freedom of Information Act requests and lack of openness they did not find fault with the climate change science they had produced.

Norfolk police have said the new set of emails is "of interest" to their investigation to find the perpetrator of the initial email release who has not yet been identified.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Nov 22nd, 2011 at 01:39:16 PM EST
[ Parent ]
Just when they thought it was over... Looks like another barrel of fun for the beleaguered scientists.

Already some cataloguing of the over 5000 emails is being done here and an interesting round-up happening here. Also RealClimate responds, here, trying some damage control.

At first glance, nothing particularly earth-shattering - just like 2 years ago.

But most likely there will be more damage. Just like two years ago, too many emails are filled with scientists involved in massaging their message to the outside world. Or stuff like this. Stuff NGOs can use like scabs and fleas.

by Nomad on Tue Nov 22nd, 2011 at 08:30:58 PM EST
[ Parent ]
The first scandal was conclusively proved to be completely manufactured, and this one is nicely timed to disturb the latest climate conference.

In this case, I don't share your position on this.

Wind power

by Jerome a Paris (etg@eurotrib.com) on Wed Nov 23rd, 2011 at 05:32:36 AM EST
[ Parent ]
In reality, there is hardly anything left to disturb the Durban conference. Negotiations have been dead in the water for the past 2 years, and it will take an actual miracle to get something of a breakthrough. I've failed to write about it simply because it has been incredibly depressing.

No, this is a case of trolling the scientists and baring their work ethics. And those work ethics have been suspect ever since 2009. Even when some scientists were cleared from academic fraud the past years, their methodologies were cast in the open for all to see.

And from a science point, there are a few problems that remain unsolved. And I am noting improvements in the IPCC working method as well, direct fallout from the 2009 exposures. So there have been results, some for the better, because of the first spill.

But that's all minor stuff.

What is bad, is the amount of PR fodder the anti-crowd and sceptics have got in their hands with this. Realistically, this could go on for years. What matters is the public message. And the public message from those scientists is almost doomed because of this.

by Nomad on Wed Nov 23rd, 2011 at 05:58:20 AM EST
[ Parent ]
I thought it was obvious at Copenhagen that the climate conferences had reached an end in its current form. There was no agreement because there was no will get an agreement.

Sweden's finest (and perhaps only) collaborative, leftist e-newspaper Synapze.se
by A swedish kind of death on Wed Nov 23rd, 2011 at 07:10:50 AM EST
[ Parent ]
 LIVING ON THE PLANET 
 Society, Culture, History, Information 


Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Nov 22nd, 2011 at 12:18:48 PM EST
Zelo Street: Leveson Is Served (3)

Yesterday's appearance of actor Hugh Grant before the Leveson enquiry, together with his forthright denunciation of the legendarily foul mouthed Paul Dacre and the modus operandi of his empire, was unmissable. Grant also said what many - especially those who saw the Daily Mail at the top of the Operation Motorman charts - had thought, when he fingered the Mail On Sunday for phone hacking.

The reaction from the Dacre press has been equally forthright, but as Mark Pack of LibDemVoice noted earlier, Phonehackgate was relegated to Page 10 of today's Daily Mail, while making the front page of several other titles. This should surprise no-one: Associated's executives will see the Murdochs being sucked into the financial mire and dread the trail of evidence arriving at their door



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Nov 22nd, 2011 at 12:36:48 PM EST
[ Parent ]
At the end of all this I'm confident that phone hacking will have been discovered to be pretty much a tactic used all over the UK tabloid press.

They maintain a view that anyone who is determined to have even tangential news value represents a target of opportunity whose privacy is irrelevant. Worse, once somebody is considered to have become famous (and the definition is flexible) they are deemed to have willingly abandoned any right to privacy whatsoever.

This rather self-serving set of "justifications" has led to a feral press pack which is effectively out of control, yet which believes that it deserves the protections of "freedom of the press". I don't doubt that the much flaunted banner of investigative journalism might be under threat if some practices are curtailed but, in truth, there's bugger all investigative journalism going on, just a series of "gotchas".

The guardian did nothing circumspect when it investigated the Murdochs and hacking, although they were attacked from all sides until the Dowler revelations earlier this year. The Telegraph explicitly broke the law when it published the MP's expenses. These are important stories, I'm not sure the tabloids do anything of similar value.

And that represents the problem. how do you create a law for all which prevents the tabloids running amok in the lives of others, yet protects genuine investigation of institutional wrong-doing.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Wed Nov 23rd, 2011 at 03:35:29 AM EST
[ Parent ]
is that the general public is more interested in the personal failings of "celebrities" (however defined) -or just gossip about them-  than in the investigation of serious, complicated scandals.

Except if it's unemployment benefit fraud or the same, because that's something they ca relate to. £2 billion in tax breaks? That's a statistic, not an interesting info.

Wind power

by Jerome a Paris (etg@eurotrib.com) on Wed Nov 23rd, 2011 at 05:34:59 AM EST
[ Parent ]
should be prepared to break the law if they believe their story is important enough.

This implies that they are prepared to go to prison for their beliefs.

Fine by me.

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

by eurogreen on Wed Nov 23rd, 2011 at 06:16:13 AM EST
[ Parent ]
And that represents the problem. how do you create a law for all which prevents the tabloids running amok in the lives of others, yet protects genuine investigation of institutional wrong-doing.

Require that all intrusive and invasive reporting concerns itself with people's actions in their capacity as holders of what in Danish is called (loosely translated) "offices of trust."

The bill for the queen's wedding is a valid target. The queen's mistress is none of the newsies' business. Embezzlement by a corporate executive is a valid target. Embezzlement by the cashier of the local supermarket is a matter for the local constabulary.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed Nov 23rd, 2011 at 06:33:43 AM EST
[ Parent ]
The queen's mistress is none of the newsies' business.

Thats a fuzzy area. The royal family is used as a moral example, so the queens mistress may well be a legitimate target for journalistic activity

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

by ceebs (ceebs (at) eurotrib (dot) com) on Wed Nov 23rd, 2011 at 06:59:32 AM EST
[ Parent ]
Eh. Unless she happens to be employed at a foreign embassy, I don't see the relevance.

And being held up as an example of moral rectitude does not require that one behaves morally. Only that one is seen to behave morally. So as long as they're reasonably discreet about it, I fail to see why it's any of the public's business. And if they're not reasonably discreet about it, then one must wonder why the husband has not complained. Unless he knows and approves, in which case I fail to see the problem.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed Nov 23rd, 2011 at 07:41:43 AM EST
[ Parent ]
BECAUSE SEX IS DIRTY!!!! LOOK AT THOSE DIRTY PEOPLE HAVING DIRTY SEX!!! SEE PICTURES ON PAGES 1,2,3,4,6,7 and 24-28. ITS A DISGRACE!
by Colman (colman at eurotrib.com) on Wed Nov 23rd, 2011 at 07:43:47 AM EST
[ Parent ]
BBC News - Leveson Inquiry: Coogan says reporters rifled his bins

Steve Coogan has told an inquiry into media ethics that reporters have been through his rubbish bins, looking for "lurid" details of his private life.

The comedian also denied a tabloid story from 2007 which claimed he took drugs with the US actor Owen Wilson.

He said some people entered a "Faustian pact" with the press but he had never sought fame and was a private person.

Lord Justice Leveson is hearing from alleged victims of media intrusion at the Royal Courts of Justice in London.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Nov 22nd, 2011 at 12:45:14 PM EST
[ Parent ]
There is actually a difference between being popular, famous for having talent, and being a celebrity, famous for being famous.

Steve Coogan has talent, he's funny(-ish) and so is popular.

Most people in tabloids are merely celebrities, people who inflate their 15 minutes of fame into a career of simply being seen in the right places and getting the lucrative endorsements such visibility attracts, Patron Saint: Jade Goody

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Wed Nov 23rd, 2011 at 03:42:16 AM EST
[ Parent ]
Chinese president urges writers, artists to produce "great works"

BEIJING, Nov. 22 (Xinhua) -- Great times call for great writers and artists, and the people expect great literary and artistic works, President Hu Jintao said Tuesday while speaking to an audience of 3,300 who represent the country's literary and art circles.

Writers and artists should be aware of the sacred mission assigned to them by the times and the people, Hu said at a joint inaugural ceremony for the Ninth National Congress of the China Federation of Literary and Art Circles (CFLAC) and the Eighth National Congress of the China Writers' Association (CWA).



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Nov 22nd, 2011 at 01:16:48 PM EST
[ Parent ]
Did he also threaten them with house arrest, or a massive tax bill?
by ThatBritGuy (thatbritguy (at) googlemail.com) on Wed Nov 23rd, 2011 at 05:22:29 AM EST
[ Parent ]
we'll pursue you for tax evasion.

It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II
by eurogreen on Wed Nov 23rd, 2011 at 06:17:54 AM EST
[ Parent ]
Almost no chance to save Phobos mission: Russian space agency

MOSCOW, Nov. 22 (Xinhua) -- The Russian Federal Space Agency (Roscosmos) said Tuesday there was almost no possibility of fulfilling the Phobos-Grunt Mars probe mission.

"We must be realistic. If we have not reconnected (with the space vehicle) for so long, the chances that we can complete this expedition are very slim," Roscosmos deputy head Vitaly Davydov told reporters at Mission Control near Moscow.

He said Roscosmos cannot find the actual cause of the failure due to lacking of telemetric data.

"There is no telemetric data. We cannot understand what is going on," he said, adding that one possibility was the control system may be operational but fuel may be leaking.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Nov 22nd, 2011 at 01:23:24 PM EST
[ Parent ]
BBC News - Faster-than-light neutrino result queried

Subatomic particles called neutrinos cannot move faster than the speed of light, according to a new report.

The findings challenge a result reported in September that, if true, would undermine a century of physics.

The team at the INFN-Gran Sasso laboratory in Italy said they had measured faster-than-light speeds in neutrinos sent from Cern, 730km away.

Now a different team at the same lab reports findings that, they say, cast doubt on that surprising result.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Nov 22nd, 2011 at 01:25:18 PM EST
[ Parent ]
I think that there were a lot of physicists who may be disappointed if Einstein is proved right.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Wed Nov 23rd, 2011 at 03:44:10 AM EST
[ Parent ]
2011 -- Leigh Day & Co - personal injury solicitors - clinical negligence solicitors
Lawyers from Leigh Day & Co have threatened legal action against the London Borough of Camden Council unless it withdraws a consultation into the closure of five day-care centres for adults which the London based law firm claims are `flawed'.
 
The five centres all based in Camden are: 96-98 Shoot-up-Hill, the Greenwood Centre, the Highgate Centre, the Raglan Day Centre and the Netherwood Centre. They provide care to people with learning disabilities, mental health problems or dementia. The Council's proposal is to replace these centres with a new social care building on one site, at Greenwood Place in Kentish Town.
 
Richard Stein, a partner in the Human Rights team at Leigh Day & Co has written to the Council on behalf of a long-time user of the existing facilities, claiming that the consultation fails to provide any material detail about the effect of the closures and the development on care services in the Borough.


Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Nov 22nd, 2011 at 01:45:04 PM EST
[ Parent ]
 PEOPLE AND KLATSCH 


Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Nov 22nd, 2011 at 12:19:15 PM EST
BBC News - Waveney councillor Andrew Draper fined for policewoman email slur

A former Conservative local councillor who resigned after a drink-driving conviction has been fined for sending an offensive email to a policewoman.

Andrew Draper, 37, who resigned from his Worlingham ward on Waveney District Council earlier this month, pleaded guilty to sending an offensive email to the Norfolk police sergeant.

Lowestoft magistrates in Suffolk heard the email contained personal abuse.

Draper was fined £250, and told to pay £250 compensation and £100 costs.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Nov 22nd, 2011 at 12:46:45 PM EST
[ Parent ]
John Neville - Telegraph

Noted for his aquiline good looks, swift intelligence and distinctive baritone voice, Neville dominated, with Richard Burton, the Old Vic stage in the late 1950s. He played many leading roles, including Romeo, Hamlet and an acclaimed Richard in Richard II, alongside Virginia McKenna as Queen Anne.

In 1956 he and Burton performed a memorable double-act, alternating the roles of Othello and Iago. Neville later recalled how, before one matinée performance, they had gone out for a liquid lunch at The Ivy: "Staggering out of the restaurant a little the worse for wear, we returned to the theatre and both played Iago. The audience noticed nothing unusual and nor, in the state we were in, did we."



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Nov 22nd, 2011 at 02:09:53 PM EST
[ Parent ]


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