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European Salon de News, Discussion et Klatsch – 28 May

by DoDo Fri May 27th, 2011 at 04:03:05 PM EST

 A Daily Review Of International Online Media 


Europeans on this date in history:

1961 - English lawyer Peter Benenson (1921–2005) publishes the op-ed "Forgotten Prisoners" in The Observer, in which he calls for solidarity with two Portuguese students sentenced to seven years in prison by the Salazár regime for toasting for freedom, creating a movement that would become Amnesty International

More here and here

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

by DoDo on Fri May 27th, 2011 at 03:28:08 PM EST
EUobserver / Police crack down on Spanish anti-austerity camp

EUOBSERVER / BRUSSELS - Police launched a morning crackdown on anti-austerity protesters camped out in the main square in the Catalan city of Barcelona on Friday (27 May).

According to eyewitnesses, riot police moved in to Placa de Catalunya between 7 and 8 am, firing rubber bullets, tear gas and baton-charging the protesters. Footage from the encampment shows police attacking peaceful demonstrators without prior provocation.

Some two individuals were arrested, with 46 injured and five admitted to hospital.

...The police said that it was necessary to remove the encampment for sanitary reasons and to prevent unrest ahead of the Champions' League final football match between Manchester and Barcelona in Wembley on Saturday.

...However, while the authorities were initially successful in clearing the area, protesters issued an appeal over social networks for people to come to the square to defend the camp. According to those present, the police were quickly outnumbered and the square has been retaken by protesters with a renewed sense of anger.

To repeat my contention, a successful revolution needs organisation and crowds willing to have their heads bashed in. It seems los indignados may have what it takes.

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

by DoDo on Fri May 27th, 2011 at 03:28:18 PM EST
[ Parent ]
to prevent unrest ahead of the Champions' League final football match between Manchester and Barcelona in Wembley on Saturday

That has got to be the lamest excuse ever. A football match being played 1000 miles involving a team Madrid despise will not create issues in Sol

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Sat May 28th, 2011 at 03:08:01 AM EST
[ Parent ]
crackdown on anti-austerity protesters camped out in the main square in the Catalan city of Barcelona


Economics is politics by other means
by Carrie (migeru at eurotrib dot com) on Sat May 28th, 2011 at 03:19:09 AM EST
[ Parent ]
This cartoon was seen all over Sol yesterday afternoon (there was a solidarity gathering at 7pm in all squares in Spain):

("See? This is the little ideology-denting stick")

Economics is politics by other means

by Carrie (migeru at eurotrib dot com) on Sat May 28th, 2011 at 03:29:04 AM EST
[ Parent ]
From videos I saw, el palito was vigorously used to dent non-violent protesters sitting on the ground.
by afew (afew(a in a circle)eurotrib_dot_com) on Sat May 28th, 2011 at 07:43:35 AM EST
[ Parent ]
El palito is back!

Economics is politics by other means
by Carrie (migeru at eurotrib dot com) on Sat May 28th, 2011 at 04:28:13 PM EST
[ Parent ]
Mladic arrest rescues Serbia's EU hopes - SERBIA - EU - FRANCE 24

The arrest of former Serbian war crimes suspect Ratko Mladic was welcomed by the International Criminal Tribunal for the former Yugoslavia (ICTY) on Thursday, and paraded as a clear sign that Serbia is serious about gaining EU candidate status by the end of the year. However, the news has also fueled speculation that the Serbian government has been protecting its alleged war criminals.

Speaking to reporters in Belgrade, Serbian President Boris Tadic said Mladic's capture "removes a heavy burden from Serbia and closes a page of our unfortunate history", adding that the development "opened" all doors to membership in the European Union.

...Mladic's arrest also comes just days after the ICTY's chief prosecutor, Serge Brammertz, filed a report to the UN Security Council about Serbia's level of cooperation with the court. According to Serbian news agency B92, the report said that Serbia's failure was undermining Belgrade authorities' credibility and their statements that they were prepared to fully cooperate with the ICTY.

The report, which will be discussed at the UN on June 6, will be the last before the European Commission gives its opinion on Serbia's candidacy bid on October 12. On Thursday, following news of Mladic's capture, Brammertz was compelled to sing a different tune.

"Mladic's arrest is a clear sign that commitment to international justice has been confirmed. Today's event proves that people responsible for huge violations of international humanitarian law can no longer count on going unpunished," Brammertz said.



*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Fri May 27th, 2011 at 03:28:30 PM EST
[ Parent ]
Mladic fit for extradition to UN war crimes court - SERBIA - WAR CRIMES - FRANCE 24
A judge at a special Serbian war crimes court ruled Friday that Bosnian Serb wartime general Ratko Mladic is fit to be extradited to the UN war crimes tribunal in The Hague. His lawyer said he will excercise his right to appeal, which expires Monday.


*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Fri May 27th, 2011 at 03:28:47 PM EST
[ Parent ]
Funny how such people are always unfit to face trial. Take him to Srebrenica and throw him to the survivors.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Sat May 28th, 2011 at 03:09:20 AM EST
[ Parent ]
MEPs back new category for 'in-between' regions | EurActiv

Members of the European Parliament's regional development (REGI) committee voted yesterday (26 May) in favour of a compromise put forward by the Socialists & Democrats (S&D) group.

The amendment was supported by 27 of the MEPs who took part in yesterday's meeting, with 18 voting against.

According to the adopted text, the Parliament will call on the European Commission to table proposals to address the needs of regions with a level of GDP per person that falls between 75% and 90% of the EU average.

...Markus Pieper told EurActiv that the introduction of a new 'intermediate' category could cost up to €20 billion over a seven-year period.

..."A permanent intermediate category would lack any incentive for the funds to be spent efficiently on structural improvements," he added.

To me this appears to be a move for EU-15 members to maintain funding for regions rising closer to the average after EU expansion.

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

by DoDo on Fri May 27th, 2011 at 03:29:00 PM EST
[ Parent ]
EUobserver / EU reluctant to ease conditions for asylum-seekers

EUOBSERVER / BRUSSELS - Most member states are against proposals to ease conditions for asylum-seekers in the union, despite vivid testimonies to the failures of the current system.

When Abdulaev Movladi left Chechnya in 2008 he wanted to join his brother in Austria who had been given political refugee status there, after the war waged by Russian authorities that levelled down the Muslim province in the north Caucasus.

"I had visited an Islamic institute, which was why I was being followed [by the Russian secret service]. I went to Austria through Poland, but at that time I had no idea about this whole Dublin system," Movladi recalled. He was speaking on Thursday (26 May) at a conference organised in Brussels by several NGOs offering assistance to asylum seekers in the EU and part of the "Dublin transnational project."

Movladi's experience with the so-called Dublin regulation, a system in place since 2003 and intended to prevent people applying for asylum in several member states, meant that he was arrested several times and ordered to be extradited back to Poland, the first country through which he had come into the EU.



*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Fri May 27th, 2011 at 03:29:12 PM EST
[ Parent ]
EUobserver / Georgia rejects EU criticism of Tbilisi violence

EUOBSERVER / BRUSSELS - Georgia's ambassador to the EU has said the European Commission made misleading statements about street clashes in Tbilisi that left almost 40 people in hospital and two dead.

Speaking to EUobserver on Thursday (26 May) in Brussels, Salome Samadashvili said EU institutions and member states have not delivered any form of official complaint to Georgia about the events despite commission claims.



*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Fri May 27th, 2011 at 03:29:22 PM EST
[ Parent ]
Belarus moves to ban 'hysterical' Russian media | Europe | Deutsche Welle | 27.05.2011

Belarusian President Alexander Lukashenko on Friday said he was ready to expel some Russian media outlets for their unfavorable coverage of the country's economic crisis.

"Russian media were the most hysterical," Lukashenko told a government meeting on the former Soviet republic's currency crisis. "Do everything to make sure those media are no longer present on our territory."

Earlier this week, Minsk devalued the Belarusian ruble by more than a third against the dollar. Lukashenko blamed Russian media for sowing panic among Belarusians which he said led to panic buying.

The crisis has put more pressure on the authoritarian regime to make concessions to the West in exchange for financial aid. On a visit to Kazakhstan on Wednesday, Lukashenko gave a small sign that he may be willing to negotiate with the West.



*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Fri May 27th, 2011 at 03:29:34 PM EST
[ Parent ]
 ECONOMY & FINANCE 


*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Fri May 27th, 2011 at 03:29:48 PM EST
EUobserver / G8: Greece must do more to sort out debt problems

EUOBSERVER / BRUSSELS - The Group of Eight leading industrial economies has warned Greece to do more to resolve its current debt issues.

Meeting in Deauville, France, on Thursday (26 May) the leaders of the G8 countries put the Greek situation and the eurozone crisis under the microscope, according to the Japanese delegation, worried that the ongoing problems in Europe are hitting the world's economic recovery.



*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Fri May 27th, 2011 at 03:29:59 PM EST
[ Parent ]
Consequences of Debt Restructuring: What Would a Greek Haircut Mean for Germany? - SPIEGEL ONLINE - News - International
It's the worst-case scenario: Greece no longer able to get loans, with creditors having to wave goodbye to a chunk of their money. But what would it mean for Germany? Would the state have to bail out the banks again, and would private investors also suffer badly? SPIEGEL ONLINE takes a look at the likely consequences.

...The consequences of a debt write-off against the government in Athens would be manageable for Germany. At the moment, some €25 billion in Greek debt is held by Germany's commercial banks and the so-called "bad banks" set up to take on toxic assets. This debt takes the form of either Greek sovereign bonds in their portfolios or loans made to the Greek government.



*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Fri May 27th, 2011 at 03:30:09 PM EST
[ Parent ]
The general sense was that the same banks that already required bailouts also have big irish/spanish/portugese exposure that would look bad after greek default.
by rootless2 on Fri May 27th, 2011 at 08:30:15 PM EST
[ Parent ]
There is a table in the article showing that. The largest exposure is KfV's, due to the first Greek bailout, then the "bad bank" of the former real estate casino bank HLB, then Deutsche Bank already just a fraction of that. Of the Landesbanken, only the "bad bank" of WestLB and Baden-Württenberg's bank have relatively high exposure. So, as good as they are at spreading panic, I doubt that the neoliberals will have the opportunity to produce a crisis large enough to force the sell-off of the Landesbanken to commercial banks.

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Sat May 28th, 2011 at 04:35:25 AM EST
[ Parent ]
Public sector blamed for growing corporate debt | EurActiv

The public sector's failure to pay its bills is hiking up corporate debt and stifling growth, according to the 2011 European Payments Index, published yesterday (26 May).

Companies wrote €312 billion of debt from their books over the last twelve months - a 3% increase on the previous year, and more than the €275 billion EU rescue granted to Greece, Portugal and Ireland - according to Intrum Justitia's survey.

The Stockholm-based credit management group's survey of 6,000 European businesses showed a varying picture across the continent, with Germany seeing its corporate write-offs decrease by 8%, whereas in the UK bad debt increased by a third.

...Wollung said it was necessary for the public sector - "which has the funds" - to pay its debts more promptly, in order to free up capital and prevent companies from writing off debts or bankruptcy.

Luc Hendrickx, director of enterprise policy at the European Association of Craft, Small and Medium-Sized Enterprises (UEAPME), said: "Public authorities are the worst payer in Europe timewise. With all the recent talk of economic stimulus, and at a time when businesses are clearly struggling, governments could inject billions in their economies by simply paying private enterprises promptly."

And austerity helps this... how?

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

by DoDo on Fri May 27th, 2011 at 03:30:23 PM EST
[ Parent ]
Let me get this right. The financial sector behaved like idiots and nearly imploded, so they ran off to the local Treasuries which they looted and then turned around and said, "you haven't got any money, so you're bad people"

Did I miss anything ?

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Sat May 28th, 2011 at 03:13:26 AM EST
[ Parent ]
No, this isn't about the financial sector, but the producing economy. That is: the financial sector behaved like idiots and nearly imploded, causing tax income reductions and thus budget deficits for the public sector, which precipitated into the private economy via unpaid or late-paid bills, all the while the financial sector turned off the  credit line for them, and then all of this was made worse with austerity that further reduced public sector willingness to pay and private sector demand.

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Sat May 28th, 2011 at 04:41:58 AM EST
[ Parent ]
We need a Wörgl solution to the depression problem.

Economics is politics by other means
by Carrie (migeru at eurotrib dot com) on Sat May 28th, 2011 at 03:17:58 AM EST
[ Parent ]
The people who control all the important resources don't see the current Depression as the problem ... just that it doesn't go far enough to enslave/exterminate the masses, and they will not allow this train to change course. Slow down maybe for a bump or two but always forward, and there's not a damn thing people can do to stop it. If anyone tried a Worgl it would be stomped on immediately. California might pull it off if the US goes the way of the USSR ... I'm hoping.

They tried to assimilate me. They failed.
by THE Twank (yatta blah blah @ blah.com) on Sat May 28th, 2011 at 08:11:19 AM EST
[ Parent ]
I found this article pretty telling:

http://online.barrons.com/article/SB50001424053111903548904576343340195494116.html?mod=TWM_pastediti on_1

By allowing Greece to keep limping along when it needs major surgery, European officials have propped up Continental banks that would have failed. That may seem laudable to some, and it may preserve bank jobs in the short run, but it has caused lingering uncertainty, and hurt long-term economic growth.

Contrast Europe with the U.S., where in the most recent financial crisis, the government allowed a surprising number of major financial players to fail or be bought in fire sales. Among them: Lehman Brothers, Bear Stearns, Washington Mutual, Wachovia and Countrywide Financial. Result: The U.S. now has a stronger banking system -- and a stronger economy than Europe's.

It can be argued that the EU would also help its economies by allowing weaker financial players to be winnowed.

Emphasis on the word "winnowed." If the Greek sale of public assets at firesale prices can be considered an example of winnowing (Jurgen Stark this morning said Greece should sell $400 billion of assets--which is hilarious!!), then one can see the EU operating on the idea that it is preventing its own assets from being sold off to more well capitalized entities. I mean, Deutsche Bank is one of the biggest holders of Greek debt. Is anyone really worried about its health? Allianz Insurance is knee-deep too. Worried?

In the end, the decisions being made are about ownership. This is a story that Gordon Gekko could well understand.

by Upstate NY on Sat May 28th, 2011 at 11:15:21 AM EST
[ Parent ]
Jurgen Stark this morning said Greece should sell $400 billion of assets--which is hilarious!!

Especially if, as is the case when privatisation is extorted from a country in crisis, the selloff is well below value. But, even if they just sell €4 billion, unlike pay cuts and labour laws, it's nearly irreversible. So (also as an austerity veteran) I view the current concert of privatisation calls as more grave than anything before.

I mean, Deutsche Bank is one of the biggest holders of Greek debt.

Is €1.6 billion really that much on DB's books? See upthread.

Allianz Insurance is knee-deep too.

Again, is €1.3 billion really that deep fur such a big company? Allianz CEO warns against Greece default - paper

A spokesman for the company said the German insurer's exposure to Greek sovereign debt stood at 1.3 billion euros as of the end of 2010, or 0.3 percent of its nearly 400 billion euro fixed income portfolio.

Worried?

See here.

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

by DoDo on Sat May 28th, 2011 at 12:08:48 PM EST
[ Parent ]
Greece might consider offering the assets to which Jurgen Stark referred for sale at €600-800 million, if he wants them so badly. Treat it like a stock offer with a premium over market price.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sat May 28th, 2011 at 01:42:22 PM EST
[ Parent ]
As for Allianz, I'm assuming they're the ones who are deep in the CDS trade, known market of $70 billion just last year.
by Upstate NY on Sat May 28th, 2011 at 01:48:44 PM EST
[ Parent ]
I'm assuming those €1.3 billion are just that: CDS to insure against default of Greek government bonds. The $70 billion figure (not €70 billion BTW?) is traded volume, rather than the worth of all of Greece-related CDS on the market, isn't it?

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Sat May 28th, 2011 at 02:25:12 PM EST
[ Parent ]
When I read up on CDS last year, I saw that this market that tracks CDS had a disclaimer. In many of the countries where companies trade CDS, there is no official requirement or regulation to report their purchase. The contracts may be private. This is true in the USA and the UK, but also some other European countries. In short, there is practically no way to know. I do know that volume in Greek CDS spiked 9 months before Papandreou entered into office.
by Upstate NY on Sun May 29th, 2011 at 12:23:26 AM EST
[ Parent ]
It's sort of a lose-lose situation for Greece since most of their public assets are already privatized de-facto via corruption.
by rootless2 on Sat May 28th, 2011 at 02:23:15 PM EST
[ Parent ]
Explain.
by Upstate NY on Sun May 29th, 2011 at 12:25:23 AM EST
[ Parent ]
Aren't they actually arguing that europe and greece would be better if the bondholders suffered the consequence I think the winnowing refers to the banks.
by rootless2 on Sat May 28th, 2011 at 02:28:25 PM EST
[ Parent ]
well, he's saying the American and British banks may buy European banks. I'm saying this same dynamic is how the EU views Greek assets. Buy at firesale prices.
by Upstate NY on Sun May 29th, 2011 at 12:24:52 AM EST
[ Parent ]
Chancellor faces down Cabinet 'jitters' about economic strategy - UK Politics, UK - The Independent

One minister described the doubts as "jitters" rather than demands for a change of course. It is understood that the most searching questions were asked by Conservative rather than Liberal Democrat ministers.

Downing Street aides insisted there is "no wobble" despite criticism from economists and Labour that the economy is "flatlining" because the Government is going "too far, too fast" on spending cuts. The minister added: "We will stay the course. It is still early days."



*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Fri May 27th, 2011 at 03:30:32 PM EST
[ Parent ]
PayPal, eBay file lawsuit over Google Wallet application - TECHNOLOGY - FRANCE 24
PayPal and eBay filed suit against Google Friday for allegedly stealing trade secrets for its newly released Google Wallet, a free mobile application that transforms a smartphone into an electronic wallet designed to replace plastic credit cards.


*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Fri May 27th, 2011 at 03:30:44 PM EST
[ Parent ]
FIFA bosses face ethics investigation - FOOTBALL - FRANCE 24

REUTERS - FIFA president Sepp Blatter will face an ethics investigation alongside his election rival Mohamed bin Hammam after soccer's governing body widened its enquiry into bribes-for-votes allegations.

In shock move on Friday, FIFA said it was calling Blatter to appear at an ethics hearing on Sunday, three days before he stands against challenger Bin Hammam in the election for the most powerful job in world soccer.

Bin Hammam was summoned on Wednesday, along with CONCACAF president Jack Warner and two Caribbean Football Union (CFU) officials, after fellow executive committee member Chuck Blazer reported a possible case of bribery in the election campaign.

According to FIFA's statement on Friday, ethics proceedings were opened against Blatter at Bin Hamman's request because the FIFA president may have known about cash payments to delegates at the meeting.



*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Fri May 27th, 2011 at 03:30:54 PM EST
[ Parent ]
Railway Gazette: First freight on High Speed 1
UK: Containers being moved from Hams Hall near Birmingham to Novara in Italy formed DB Schenker Rail's first loaded freight service over High Speed 1 during the early hours of May 27. DB Schenker is to undertake five loaded trials on the high speed line between London and the Channel Tunnel before the end of June, and said the first was 'an outstanding success'.


*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Fri May 27th, 2011 at 03:48:45 PM EST
[ Parent ]
The saddest aspect of this it that it reveals how poorly freight traffic is regarded by UK railways that nobody has gotten around to doing this before now.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Sat May 28th, 2011 at 03:16:19 AM EST
[ Parent ]
Railway Gazette: Phosphate trial marks completion of North-South line

SAUDI ARABIA: Completion of the initial phase of the North-South Railway was announced by Minister of Finance and Chairman of the Public Investment Fund Dr Ibrahim Al-Assaf on May 24.

Trial operations on the 1 392 km 'Mineral Route' section of the NSR had begun the previous day...

Perhaps little noticed beyond specialist circles, in the past five years, all previously road-and-air-absolutist states of the Arab Peninsula except Yemen launched massive rail projects, which are to connect into one network in a few years. This will bring some energy efficiency, although they are dragging their feet on one point: electrification.

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

by DoDo on Fri May 27th, 2011 at 03:55:34 PM EST
[ Parent ]
Electrification will happen quickly once they start building the large scale solar electric generators that are so ideal for their climate.  And retrofitting electrification is far easier than say gauge conversion or right of way acquisition.
by njh on Fri May 27th, 2011 at 07:54:06 PM EST
[ Parent ]
Right now the argument used is economic. At least in the UAE, that is probably not unrelated to the managers they got: the CEO is Richard Bowker, former boss of Britain's SRA, a possibly incorrigibly anti-electrification guy. On the other hand, they might have some well founded fears of the maintenance aspect of overhead lines across the desert. However, the Mecca-Medina high-speed line will be electrified, so it might give some lessons and inspiration.

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Sat May 28th, 2011 at 04:51:22 AM EST
[ Parent ]
And lattitude. The satellite dishes  point up at a 66 degree angle in Riyadh. The difference was visibly notable for one accustomed to S. California dishes. This would be even more notable in Yemen or the Rub al Khali.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sat May 28th, 2011 at 01:51:49 PM EST
[ Parent ]
What does latitude have to do with rail electrification?

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Sat May 28th, 2011 at 02:37:20 PM EST
[ Parent ]
Closer to perpendicular angle of incidence for solar panels or thermal solar units coupled with dry climate increases the efficiency somewhat and certainly reduces the seasonal variation of incident energy.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sat May 28th, 2011 at 03:17:46 PM EST
[ Parent ]
Railway Gazette: Chuo maglev project endorsed

JAPAN: Central Japan Railway announced on May 27 that it had received a directive from Transport Minister Akihiro Ohata 'to proceed with construction' of the planned 550 km Chuo Shinkansen maglev line between Tokyo and Osaka. Under discussion since the early 1970s, this is now expected to cost in excess of ¥9tr.

...Work is already underway on extending the superconducting maglev test track in Yamanashi prefecture from 18·4 km to 42·2 km, and this is due to be completed in 2012. Last year the railway ordered a 'pre-production' fleet of 14 Series L0 maglev vehicles for the extended test track, which will be delivered by 2015.

The test track is intended to form part of the new line, of which the 290 km initial section between Tokyo and Nagoya is now expected to open in 2027. However, the start of revenue services on the remainder of the line to Osaka is not envisaged before 2045.

It is said that commercial fusion reactors are always 50 years away. Well the Japanese maglev line was something similar, always 15 years away. I repeat that the only reason I think the line may actually be built is the on-going extension of the test track: this track is to also form part of the commercial line, with the extension a little under 15% of its total length, so this is in effect staged construction.

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

by DoDo on Fri May 27th, 2011 at 04:02:20 PM EST
[ Parent ]
Railway Gazette: Passenger trains return to Jamaica

JAMAICA: Passenger services are set to restart in the first week of July, following an inaugural train from May Pen to Linstead on April 16 which carried 200 guests including schoolchildren enjoying their first train ride.

Transport & Works Minister Michael Henry cut a ribbon to mark the first passenger train since February 1992, and a dedication and blessing was held at the Bread of Life Ministries in Linstead.



*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Fri May 27th, 2011 at 04:02:44 PM EST
[ Parent ]
Transaction Net: The Future of Money by Bernard Lietaer

  • Your money's value is determined by a global casino of unprecedented proportions: $2 trillion are traded per day in foreign exchange markets, 100 times more than the trading volume of all the stockmarkets of the world combined. Only 2% of these foreign exchange transactions relate to the "real" economy reflecting movements of real goods and services in the world, and 98% are purely speculative. This global casino is triggering the foreign exchange crises which shook Mexico in 1994-5, Asia in 1997 and Russia in 1998. These emergencies are the dislocation symptoms of the old Industrial Age money system. Unless some precautions are taken soon, there is at least a 50-50 chance that the next five to ten years will see a global money meltdown, the only plausible way for a global depression.

  • The Information Age has already spawned new kinds of currencies: frequent flyer miles are evolving toward a "corporate scrip" (a private currency issued by a corporation) for the traveling elite; a giant corporation you never heard of is issuing its own "Netmarket Cash" for Internet commerce; even Alan Greenspan, Chairman of the Federal Reserve, foresees "new private currency markets in the 21st century."

  • Exorbitant compensations are paid to the very few at the top: it started with movie stars and sports heroes, and has now spread to top lawyers, traders, doctors, and business leaders. In the 1960's CEO's salaries were only thirty times greater than those of the average worker, compared with two hundred times today. Is this the dawn of a society where "Winner-takes-all" or a short-term last gasp of the transition out of the Industrial Age?

  • 1,900 local communities in the world, including over a hundred in the US, are now issuing their own currency, independently from the national money system. Some communities, like in Ithaca, New York, issue paper currency; others in Canada, Australia, the UK or France issue complementary electronic money.

  • The value of barter transactions -- exchanges which do not use any money as medium of exchange - totaled almost $6.5 billion in 1994 in the US and Canada, and is increasing three times faster than normal exchanges. The magazine "Barter News" covers the industry's development and now has 30,000 subscribers. It estimates the total barter worldwide at $650 billion in 1997, and growing at an annual rate of 15%.

anyone know of this economist? my brother is working with him in bali.

'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 May 28th, 2011 at 05:25:00 AM EST
[ Parent ]
I saw a documentary about him. He advocates making the financial/economic system (which is teetering on the brink of collapse due to its hyperefficiency and complexity) more resilient by introducing more regional currencies.

Schengen is toast!
by epochepoque on Sat May 28th, 2011 at 08:36:24 AM EST
[ Parent ]
he has a new book coming out soon, my brother is involved with promoting it. he also has another couple of books he's working on so apparently is too busy to blog.

what about an invitation to him to have the new book reviewed/promoted through ET workshop?

he's also networking with these guys

tipping point network, capital seeking progressive ways to go. seems interesting...

'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 Sun May 29th, 2011 at 04:10:47 AM EST
[ Parent ]
 WORLD 


*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Fri May 27th, 2011 at 03:31:16 PM EST
G8 pledges $20 billion in aid to new Arab democracies - G8 - FRANCE 24
REUTERS - Group of Eight leaders promised $20 billion in aid to new Arab democracies on Friday when they met in France to endorse a programme aimed at fostering changes sweeping North Africa and the Middle East.

Leaders were concluding their annual two-day summit with the launch of a partnership for the region that ties aid and development cash to progress on democracy and economic reforms by states which have thrown off autocratic rulers.



*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Fri May 27th, 2011 at 03:31:27 PM EST
[ Parent ]
G8 pledges $20bn to foster Arab Spring - World Politics, World - The Independent

"It's not a blank cheque. It's in the context of overall reform programs," said Mike Froman, a deputy national security adviser at the White House. "It's an envelope that could be achieved in the context of suitable reform efforts.

"More important than any numerical figure, I think, is the vision that it lays out," he added

"This is largely a case of trade not aid, investment not assistance over time. It's really about establishing the conditions under which the private sectors in these economies can flourish and the benefits of growth are broadly shared."

Although we are back to Jeffrey-Sachs-style aid packages, the Shock Doctrine is still ready to be applied to strangulate any new democracy. Poor Egyptians & Tunisians, I don't think their new leaders have the knowledge and foresight to reject the demands.

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

by DoDo on Fri May 27th, 2011 at 03:31:44 PM EST
[ Parent ]
'Second revolution' protests in Egypt demand faster reforms - Africa, World - The Independent

Thousands of Egyptians packed Cairo's Tahrir Square today in what organisers called a "second revolution" to push for faster reforms and a speedy trial for ousted President Hosni Mubarak and his former aides.

Activists complain of delays in putting Mubarak, his family and members of his ousted regime on trial and that the army has not restored order quickly enough to the country of 80 million.



*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Fri May 27th, 2011 at 03:31:54 PM EST
[ Parent ]
Strauss-Kahn lawyers accuse NYPD of media leaks - USA - FRANCE 24

AP - Lawyers for former International Monetary Fund leader Dominique Strauss-Kahn charged Thursday that leaks to the media could prevent their client from getting a fair trial in his attempted rape case, and they're blaming the New York Police Department.

And lawyers William W. Taylor and Benjamin Brafman said they themselves could release information that "would seriously undermine the quality of this prosecution and also gravely undermine the credibility of the complainant in this case," though they didn't elaborate.

Their complaint came in a letter to Manhattan District Attorney Cyrus R. Vance Jr., whose office responded with a letter of its own criticizing the defense lawyers for going public with their claim to have information that could damage prosecutors' case.

This announcement is a defamation of the complainant all in itself.

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

by DoDo on Fri May 27th, 2011 at 03:32:09 PM EST
[ Parent ]
UN peacekeeper killed in bomb attack - LEBANON - FRANCE 24
A bomb targeting a United Nations logistics convoy near the southern Lebanese city of Sidon killed an Italian peacekeeper and wounded four others Friday, according to security reports. The attack occurred on the International Day of UN Peacekeepers.


*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Fri May 27th, 2011 at 03:32:19 PM EST
[ Parent ]
More killed by security forces as protests sweep Syria - SYRIA - FRANCE 24
At least eight people were reportedly killed by security forces Friday during anti-regime protests following Muslim prayers across Syria. The US and France have called for President Bashar al-Assad to lead a transition or "get out."


*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Fri May 27th, 2011 at 03:32:32 PM EST
[ Parent ]
US and Pakistan relations at turning point, says Clinton - PAKISTAN - FRANCE 24
US Secretary of State Hillary Clinton said the US and Pakistan must do more to fight Islamist militancy on a surprise visit to Islamabad on Friday. Ties between the two allies have frayed since a covert US military operation to kill Osama bin Laden.


*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Fri May 27th, 2011 at 03:32:43 PM EST
[ Parent ]
More than 150,000 flee Abyei border clashes - SUDAN - FRANCE 24
More than 150,000 people have fled the fertile Abyei border region between northern and southern Sudan after recent clashes there. The UN said Friday it would send a human rights expert to the area to assess the "deteriorating situation".


*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Fri May 27th, 2011 at 03:32:54 PM EST
[ Parent ]
 LIVING OFF THE PLANET 
 Environment, Energy, Agriculture, Food 


*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Fri May 27th, 2011 at 03:33:14 PM EST
Special Report: Big boys enter solar race | EurActiv

Traditionally a market reserved for niche players, the solar sector is now drawing increasing interest from energy behemoths like General Electric and Total as well as unexpected new investors like Google.

...Global demand for solar PV is likely to increase by 75 gigawatts over the next five years, GE said, justifying a decision to invest $600 million in solar technology and commercialisation.

..."This will be the initial market to focus on: utility-operated and utility-scale solar farms," said Mark Vachon, vice-president of GE Energy's Ecoimagination programme. "I still think the market is largely immature and I think our scale will bring us to a position we will be proud of," he told EurActiv.

The idea behind utility-scale solar farms is to maintain power generation ownership at the utility scale.

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

by DoDo on Fri May 27th, 2011 at 03:33:24 PM EST
[ Parent ]
Special Report: Solar industry polishes its green image | EurActiv
...Speaking to EurActiv, Friedrich Wulf, a biodiversity campaigner at Friends of the Earth Europe (FoEE), said that of the major energy sources "solar energy so far has the least impact on biodiversity".

..."We are against putting photovoltaics in high productivity land" such as agriculture land, the secretary-general of the European Photovoltaic Industry Association (EPIA), Eleni Despotou, told EurActiv. "We are promoting large systems in areas such as deserts or former mining or industrial sites, where land cannot really be exploited. These can be excellent fields for large-scale PV farms."

For FoEE's Wulf, however, small-scale decentralised installations are preferable to large solar parks from an environmental viewpoint. "Sometimes you have acres of fields of solar panels, obviously that's not as good. But it is decentralised in many cases, you can just put it on your roof, so there is a lot of potential there," he said.



*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Fri May 27th, 2011 at 03:33:34 PM EST
[ Parent ]
DoDo:
The idea behind utility-scale solar farms is to maintain power generation ownership at the utility scale.

yep... just like offshore -and most onshore - wind, right?

'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 Fri May 27th, 2011 at 04:39:05 PM EST
[ Parent ]
Well, I do see parallel trends, but you can't make a direct comparison on MW basis only, and I didn't express in that short comment a view on how those hopes for maintaining power generation ownership at the utility scale pan out. Regarding the comparison:
  • Already the pioneering age wind turbines were 1,000 times more powerful than the typical solar panel, so the scales are different.
  • So is land use: wind can be placed in the middle of arable land without problems as it takes up very little space (fundament area relative to the area within the distance needed to the next turbine) but is problematic in built-up areas (not just noise and shadows but turbulent winds due to the buildings), quite the opposite of PV.
  • This also means a different relationship between power plant owner and land owner.

Regarding maintaining power generation ownership at the utility scale, unless the rule framework is set 'correctly', I don't think it can work out to the benefit of existing energy giants, whether it's wind or PV.
  • Whether it's PV or on-shore wind, the difference made by in economies of scale is smaller than just the differences in potential annual generation based on geographical location, so there is nothing a priori to prevent smaller-scale projects (wind: single turbine or a few turbines for one farm, PV: private home or small company rooftop) to blossom alongside large ones.
  • New companies springing up in the pioneering era can gain experience that makes them competitive with existing energy giants, thus even if there is utility scale ownership, there is nothing a priori to prevent it from being much more diverse than coal/nuclear/gas/hydro ownership.

In the case of off-shore wind, the single power line to the shore and the high cost factor of the installation itself (you can save a lot if you install a lot of turbines with a single barge leaving a single port) does give an overriding preference for large projects, so the first point above doesn't apply; also, there is no farmer involved in the profits. (In solar, the parallels are solarthermal and concentrated solar.) But that's OK as long as on-shore wind is not blocked. When it's blocked, then it does serve big utility market share conservation. This is done just in the present two leaders in off-shore, Britain and Denmark. However, Denmark was different until ten years ago and may restore the on-shore market after a government change, and off-shore is growing elsewhere where on-shore is strong (and where Jérôme is active), so I don't think the situation is that bad overall, and  wouldn't let pass on one advantage of off-shore wind: not only is there more and stronger wind over Europe's shallow seas, but it is more steady.

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Sat May 28th, 2011 at 06:16:53 AM EST
[ Parent ]
An extra point: it is often overlooked that even in our anti-statist era, the electricity market doesn't consist of small producers and large private utilities only: a lot of production capacity is controlled by utilities owned by city governments. Even in supposed free-market wonderland USA. Until recently, these have typically been smaller fossil fuel burning power plants, but, just to free themselves from dependence on the large private companies, such utilities are investing heavily in renewables (if the legal framework allows them to).

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Sat May 28th, 2011 at 06:25:19 AM EST
[ Parent ]
thanks so very much DoDo, that was extremely educational, and nicely expressed too.

top comments...

'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 Sun May 29th, 2011 at 05:51:52 AM EST
[ Parent ]
Fine, but every time they spend money making more PV, they are pushing the price of panels lower, and anyone can buy a PV panel and a direct connect inverter and make their own generating capacity.  I would rather they tried to control utility generation this way than through stupid laws, or switching to more gas/nukular.

Once I have paid off 50% of my mortgage, I will install a maximum capacity PV array in lieu of the next payments.  I have worked out that this is the best investment I can make with my risk adversity.

by njh on Fri May 27th, 2011 at 08:13:35 PM EST
[ Parent ]
Fine, but every time they spend money making more PV, they are pushing the price of panels lower

That can happen, but it depends on a number of other factors. If permissions for utility-scale farms are coupled with various regulations blocking the construction of (potentially much more numerous) smaller-scale PV, and even more if those purchasing those permissions are more interested in having one alibi farm for greenwashing than major expansion, then the resulting market size will not be larger but smaller and prices won't drop faster. (Witness the previous cycle of solar – both PV and solarthermal – in California). Another danger to avoid is the creation of a bubble for venture capitalists interested in the quick money from high subsidies (witness PV in Spain up to 2008). If, however, these traps are avoided, then on one hand, market share protection hopes will prove illusory, on the other hand, the benefit you brought up can be realised.

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

by DoDo on Sat May 28th, 2011 at 05:28:30 AM EST
[ Parent ]
Solar panels win reprieve in EU toxic substance ban | Reuters

The revised European Union law generally bans the use of six hazardous substances in electrical and electronic equipment, including cadmium, which is used by U.S.-based First Solar -- the world's No. 1 solar company by market share -- in its panels.

...The decision marks the latest step in an industry row over the use of cadmium telluride (CdTe) -- which goes into First Solar's panels -- as there are concerns about its eco-friendliness as well about its safe disposal.

CdTe is a think film type. It is a matter of contention whether carcinogenous cadmium can escape from the modules. At any rate, unlike other home electronic appliances, solar panels are disposed in a controlled way, in fact some manufacturers, AFAIK including FirstSolar, sell their modules with a disposal service included by default.

But this isn't really a story about the science but about lobbying in Brussels. The badmouthing of cadmium in PV cells was done via the Non-Toxic Solar Alliance, a cover organisation established by a lobbying agency that posed as an expert NGO, and exposed here (in German).

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

by DoDo on Fri May 27th, 2011 at 03:34:27 PM EST
[ Parent ]
 LIVING ON THE PLANET 
 Society, Culture, History, Information 


*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Fri May 27th, 2011 at 03:34:42 PM EST
Air France flight lost vital speed data before crash - AVIATION - FRANCE 24
Recovered black boxes from a June 2009 Air France flight that crashed en route from Rio to Paris show the aircraft lost vital speed data before making a final three-minute plunge into the Atlantic, killing all 228 people on board.


*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Fri May 27th, 2011 at 03:34:54 PM EST
[ Parent ]
Water in the Sea of Tranquillity? Oh yes there is... - Science, News - The Independent

The good news for any future lunar mission is that the Moon has about 100 times as much water as previously estimated. The bad news is that each of these water molecules is locked inside tiny volcanic crystals and so is unlikely to be of any use to visiting astronauts in need of a drink.

Scientists analysing tiny grains of lunar rock brought back by the Apollo 17 mission in 1972 have found a remarkable similarity in terms of water content between the Earth's upper mantle and the Moon. Instead of the Moon being largely water-free beneath its barren surface, it appears to be just as watery as the underground rocks found on Earth, they said.



*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Fri May 27th, 2011 at 03:35:05 PM EST
[ Parent ]
 PEOPLE AND KLATSCH 


*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Fri May 27th, 2011 at 03:35:20 PM EST
Larry Flynt: Freedom fighter, pornographer, monster? - Profiles, People - The Independent
Larry Flynt has won. He was America's pioneer pornographer - the man who fought against a still-Puritan nation all the way to the Supreme Court for the right to get vaginal close-ups into the grasp of every young man. This fight got him jailed. It got him shot. It got him rich... He is the founding father of our new pornucopia... For him, it's a story of freedom triumphant. But does Flynt's story also show the costs - and the casualties - of the Dionysian frenzy he has helped unleash?

He extended our freedom by encouraging people to chuckle and masturbate over scenes of the most horrific unfreedom - women being gang-raped, young girls being molested, "bitches" being shaved and slaughtered in concentration camps. One of his daughters says he molested her. Another of his daughters reportedly says he asked her to marry him. The cold Puritan morality of the Fifties badly needed to be relaxed - but in Larry Flynt, did it melt down into a moral Chernobyl?



*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Fri May 27th, 2011 at 03:35:32 PM EST
[ Parent ]
Danke DoDo

"Life shrinks or expands in proportion to one's courage." - Anaïs Nin
by Crazy Horse on Sat May 28th, 2011 at 03:40:32 AM EST
[ Parent ]
BBC News - US musician and poet Gil Scott-Heron dies at 62

US musician and poet Gil Scott-Heron, often called the Godfather of Rap, has died in a New York hospital aged 62.

The cause of his death is not clear, but he is believed to have become ill after returning from a visit to Europe.

Scott-Heron's material spanned soul, jazz, blues and the spoken word. His 1970s work heavily influenced the US hip-hop and rap scenes.

His work had a strong political element - one of his most famous pieces was The Revolution Will Not Be Televised.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Sat May 28th, 2011 at 08:26:18 AM EST
[ 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 Sat May 28th, 2011 at 08:28:35 AM EST
[ 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 Sat May 28th, 2011 at 08:29:19 AM EST
[ Parent ]


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