Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.

5 November 2013

by afew Mon Nov 4th, 2013 at 04:14:18 PM EST

Your take on today's news media


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by afew (afew(a in a circle)eurotrib_dot_com) on Mon Nov 4th, 2013 at 11:32:13 AM EST
EU membership 'significantly outweighs costs', says UK's leading business group | EurActiv

The CBI, the UK's leading business organisation, released a report on Monday (4 November) which concludes that the benefits of Britain's EU membership significantly outweigh the costs.

It is overwhelmingly in the UK's national interest to stay in the EU, according to the report Our Global Future: the Business Vision for a Reformed EU by the CBI, an organisation which speaks on behalf of 240,000 businesses that together employ around a third of the private sector workforce in the UK.

"We all need to know where Britain's future lies in a changing global economy," John Cridland, the CBI director general, said in a statement.

"We have looked beyond the political rhetoric to examine the pros and cons of EU membership and British business is unequivocal; the single market is fundamental to our future."

The report stated that the EU membership is worth approximately 4-5% of UK GDP annually, or £62-78 billion (€73-93 billion), or worth £3,000 (€3,540) to every household.

Access to European markets of 500 million people for goods and services has been the single biggest positive for the British economy, but EU membership has also helped cement the UK as the world's leading financial centre and helped attracting foreign investment, the CBI said.

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Nov 4th, 2013 at 01:43:23 PM EST
[ Parent ]
Wow, the CBI, the UK CEO's union, have come out for the EU !!!!!

I'm genuinely surprised.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Tue Nov 5th, 2013 at 03:22:22 AM EST
[ Parent ]
Really? It seems to me that business interests throughout Europe have always nearly unanimously favored the EU.

Of course, that's not necessarily the EU that we'd like to see.

The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman

by dvx (dvx.clt ät gmail dotcom) on Tue Nov 5th, 2013 at 04:02:58 AM EST
[ Parent ]
The UK business community has always been conflicted. Generally manufacturers have favoured the EU, but financial interests haven't. And the CBI is more for financiers than manufacturers.

So, for the CBI to come out in favour suggests that something has changed, probably that the threat of regulation has receded significantly

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Tue Nov 5th, 2013 at 05:47:23 AM EST
[ Parent ]
London outside the EU would not long be tolerated as the main financial centre of the Eurozone. Even as it is, it creates resentment.

So if the City wants to shrink (which I would like to happen but for other reasons), they can push for an exit.

Earth provides enough to satisfy every man's need, but not every man's greed. Gandhi

by Cyrille (cyrillev domain yahoo.fr) on Tue Nov 5th, 2013 at 06:17:17 AM EST
[ Parent ]
The ECB (quite rightly, in my opinion), wanted to ensure that Euro-denominated derivatives were cleared by a central counterparty based in a Euro country. London screamed bloody murder about the single market, but a central counterparty for Euro-denominated contracts has a mammoth credit risk in Euros, and being systemic it must have a fiscal and monetary backstop... in Euros. So it can hardly be regulated and supervised by the FSA and have the Bank of England as a backstop. In case of a crisis the ECB would be forced to provide Euro liquidity to the Bank of England over an institution it would have no control of in ordinary times.

I don't know what happened with that debate...

Reuters: ECB's Noyer ups pressure on London as Europe's finance hub (Apr 22, 2013)

Trading of derivatives and other products denominated in euros in the financial markets should be backed up by support systems - such as clearing houses - based in euro zone countries, a senior French policymaker said on Monday.
Inside Counsel: U.K. sues European Central Bank over proposed eurozone rule (November 1, 2011)
The U.K.'s lawsuit, filed with the European Court of Justice, comes in response to a policy paper the ECB published on its website in July. In the paper, the ECB set forth its intentions to ban clearinghouses outside the eurozone if the clearinghouse had €5 million or 5 percent of the market share of a euro-denominated financial product. That includes OTC derivatives trading, so it's understandable that the proposal sent shockwaves through the U.K. given London is host to 40 percent of global OTC derivatives trading and 75 percent of Europe's. A substantial part of that market is euro derivatives trading, so the location requirement could sound the death knell for London's market dominance.


A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman
by Migeru (migeru at eurotrib dot com) on Tue Nov 5th, 2013 at 06:56:28 AM EST
[ Parent ]
I'm of course glossing over the fact that the Eurozone has no fiscal backstop, though clearly the ESM would have to recapitalize a Eurozone-based central counterparty... Unless Germany wants the unfortunate host member state to do it by themselves. But what London is proposing is that HM Treasury would recapitalize the Euro central derivatives counterparty with Euros provided by the Bank of England and ultimately provided by an FX liquidity swap with the ECB.

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman
by Migeru (migeru at eurotrib dot com) on Tue Nov 5th, 2013 at 07:16:04 AM EST
[ Parent ]

So, does this mean that the UK Treasury has organised it so that sterling is the backstop to the euro, but that the ECB pays them to do it ?

So, the euro falls 10%, and the ECB has to pay them sterling value in euros to get back to where they were.

That's a good arrangement......for the UK

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Tue Nov 5th, 2013 at 08:04:39 AM EST
[ Parent ]
No. That's too strong a word for 21st century finance.

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman
by Migeru (migeru at eurotrib dot com) on Tue Nov 5th, 2013 at 09:13:27 AM EST
[ Parent ]
EUobserver.com / Justice & Home Affairs / Reding says EU should create own spy agency

BRUSSELS - EU justice commissionner Viviane Reding has said the Union should create its own intelligence service by 2020.

Speaking on Monday (4 November) to Greek daily Naftemporiki on the US snooping scandal, she said: "What we need is to strengthen Europe in this field, so we can level the playing field with our US partners."

She added: "I would therefore wish to use this occasion to negotiate an agreement on stronger secret service co-operation among the EU member states - so that we can speak with a strong common voice to the US. The NSA needs a counterweight. My long-term proposal would therefore be to set up a European Intelligence Service by 2020."

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Nov 4th, 2013 at 01:44:22 PM EST
[ Parent ]
Heh. The problem is that intelligence services aren't cooperating enough. Also Frontex is there to save refugees.
by generic on Tue Nov 5th, 2013 at 02:53:42 AM EST
[ Parent ]
The problem would remain that GCHQ would be part of the NSA. If it was ordered to join the EU system, it would act to undermine it

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Tue Nov 5th, 2013 at 03:24:26 AM EST
[ Parent ]
Plunging inflation prompts bets ECB will ease again soon | EurActiv

Tumbling euro zone inflation has firmed up market expectations that the European Central Bank will be forced to ease monetary policy in the coming months, taking the shine off a resurgent euro.

October's fall in the annual rate of price increases to 0.7% took it way under the ECB's target of at or just below 2%. It raised the spectre of deflation in some areas and of a risk to the euro zone's nascent economic recovery.

Money markets, which were already pricing in the possibility of looser ECB policy in the coming year, now reflect an outside chance of a move in the next few months.

Indeed some big banks, including UBS, RBS and Bank of America/Merrill Lynch have said they now expect a cut next week when the ECB meets to discuss policy. A Reuters poll taken before the inflation data showed no expectation of a rate cut.

From the market's point of view, it really comes down to when rather than whether.

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Nov 4th, 2013 at 01:45:00 PM EST
[ Parent ]
EUobserver.com / Opinion / Crunch time for EU lobby register

BRUSSELS - The EU lobby register is currently being reviewed and transparency campaigners are demanding that MEPs and the European Commission shine a spotlight on Brussels' secret lobbyists.

It's more than two years since the parliament and commission jointly launched the EU Transparency Register. Since then, nearly 6,000 registrants have joined and commissioner Maror Sefcovic, the commissioner responsible, has said : "I believe that our efforts in the area of transparency are at the leading edge of most public bodies in the world".

And yet. As research by the Alliance for Lobbying Transparency and Ethics Regulation (ALTER-EU) coalition pointed out earlier this year, thousands of organisations remain outside the voluntary lobby register, including some of the corporate world's big names: ABN-Amro Bank, Adidas, Delhaize, Janssen Pharmaceutica N.V., Rio Tinto plc, Time Warner and many others.

Virtually all law firms that lobby on behalf of industry clients have not signed up either. Meanwhile, many of the companies and organisations that do register, fail to provide comprehensive, accurate and up-to-date information on their activities.

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Nov 4th, 2013 at 01:45:36 PM EST
[ Parent ]
SPD wants wage floor, dual citizenship included in German coalition deal | EurActiv

Germany's Social Democrats (SPD) will not agree to a "grand coalition" with Chancellor Angela Merkel's conservatives without agreement on core issues including labour market reforms and expanding dual citizenship, its leader said.

The SPD got the green light from party members two weeks ago to start coalition talks after it pledged not to budge on 10 "non-negotiable" demands, also including infrastructure investment and equal pay.

The conservative bloc, made up of the Christian Democrats (CDU) and their Bavarian allies, the Christian Social Union (CSU), emerged as the strongest force in a September election but is still short of enough seats to rule alone.

In comments to the SPD party's Berlin branch on Saturday, Gabriel made clear they could still reject a 'grand coalition'.

"If we have good reasons, we can ultimately say no and accept new elections," Gabriel said in a speech.

"If, for example, they say no to dual citizenship and re-regulating the labour market, those are good reasons to say at the end: No, we won't do it."

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Nov 4th, 2013 at 01:46:27 PM EST
[ Parent ]
Russian nationalists rally against migrants - Europe - Al Jazeera English

Thousands of nationalists have rallied in Russia, venting anger against migrants they accuse of pushing up the crime rate and taking their jobs.

Demonstrators marched on annual National Unity Day on Monday through the streets of St Petersburg, Kazan, Irkutsk and Moscow. Many carried placards with slogans such as "Russia for the Russians", while one group displayed a banner reading, "Young people against tolerance".

"Moscow has only just woken up, and Russians have only just started to recognise their identity," said Alexander Belov, a nationalist leader and an organiser of a march in the capital. "With every day Russian nationalists are gaining more and more support across the country."

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Nov 4th, 2013 at 01:59:36 PM EST
[ Parent ]
Merkel says U.S. ties must not be put at risk | Reuters

(Reuters) - Angela Merkel reaffirmed the importance of Germany's ties to the United States on Monday, making clear a domestic debate over granting asylum to former U.S. spy agency contractor Edward Snowden must not be allowed to harm relations.

Calls have grown in recent days from opposition politicians and leading German cultural figures to offer Snowden asylum in exchange for his testimony in a looming investigation into alleged U.S. bugging of Merkel's phone.

Merkel had stayed silent since a leading lawmaker from Germany's Greens party visited the fugitive U.S. intelligence worker in Russia last week and returned to Berlin with a message that Snowden would cooperate if guaranteed safe haven.

But in an apparent attempt to nip the asylum debate in the bud, Merkel's spokesman Steffen Seibert made clear on Monday that the chancellor was not prepared to take any steps that might put the relationship with Washington at risk.

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Nov 4th, 2013 at 02:00:47 PM EST
[ Parent ]
Rebekah Brooks tried to hide evidence as News of the World closed, jury told | UK news | theguardian.com

Rebekah Brooks was involved in a deliberate effort to hide material from police during the "panic-stricken" days around the closure of the News of the World, the jury in the phone-hacking trial has been told.

Brooks, then chief executive of News of the World publisher News International, and her personal assistant Cheryl Carter have been accused of trying to conceal seven boxes of her notebooks the day after the announcement that the paper was to close down and two days before its final edition. They deny the charges.

Andrew Edis QC, for the prosecution, told the jury on Monday the attempt to hide evidence happened during the "fevered" and "anxious" days before the paper was closed in early July 2011.

Edis said Brooks was aware Scotland Yard had reopened its investigation into phone hacking in January 2011 and had declared the company's determination to co-operate with the police.

"There was always a course of justice in existence which could be perverted by hiding evidence. Hiding evidence was not acceptable at any time that year, but the atmosphere, we would suggest, became even more fevered as time went on," said Edis.

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Nov 4th, 2013 at 02:20:27 PM EST
[ Parent ]
There can be little doubt that they were involved in hacking, due to managerial oversight. So, they should be found guilty.

The question of what happens at that point is less legal and more political. And that is when the justice system goes on trial

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Tue Nov 5th, 2013 at 03:31:00 AM EST
[ Parent ]


'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 Tue Nov 5th, 2013 at 06:03:59 AM EST
[ Parent ]
Der Spiegel has several excellent articles on Snowden and spying, particularly one in which Laurie Poitras worked.

Codependent: Merkel's Pragmatic Approach to the NSA Scandal


After Rice had welcomed the guests to the Situation Room, Heusgen presented Germany's wish list. The top item was a so-called no-spy agreement -- an accord in which both sides promise not to spy on each other.

The first element of a pact like this involves renouncing all industrial espionage. This is seen as non-contentious, since neither side currently runs such operations. The Americans quickly signaled their agreement.

Then the Germans addressed their core demand: no technical espionage on German soil. The wording here already includes a concession to the Americans, because information flows globally in the Internet age. Furthermore, this choice of words does not clearly regulate the activities of the US embassy in Berlin.

Another issue remains open: a ban on the surveillance of both heads of state. At first glance, this would appear to be a simple matter. After all, the White House has already given assurances that Merkel will not be spied on in the future. But providing Germany with written assurances could set a precedent that other countries might later invoke -- at least that's what the Americans are afraid could happen.

What do they mean there is no industrial spying? Enercon lost its patents to a US firm based upon spying through the FBI Echelon program in the mid-90's. The Snowden revelations show that, for example, Petrobras was spied upon right up to now.

I feel like i'm living in Terry Gilliam's Brazil more than ever. In any case, there are also other good articles on the english site.

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

by Crazy Horse on Tue Nov 5th, 2013 at 07:02:47 AM EST
[ Parent ]
This is seen as non-contentious, since neither side currently runs such operations.

Yes, I have stopped beating my wife. Five minutes ago.

Perhaps they "currently" outsource that bit of dirty work to GCHQ?

Revealed: Britain's 'secret listening post in the heart of Berlin' - Home News - UK - The Independent

Concerns were raised tonight that Britain operates a top-secret listening post from its Berlin embassy to eavesdrop on the seat of German power.

Documents leaked by the US National Security Agency whistleblower Edward Snowden show that GCHQ is, together with the US and other key partners, operating a network of electronic spy posts from diplomatic buildings around the world, which intercept data in host nations.

An American intercept "nest" on top of its embassy in Berlin - less than 150 metres from Britain's own diplomatic mission - is believed to have been shut down last week as the US scrambled to limit the damage from revelations that it listened to mobile phone calls made by Chancellor Angela Merkel.

But the NSA documents, in conjunction with aerial photographs and  information about past spying activities in Germany, suggest that Britain is operating its own covert listening station within a stone's throw of the Bundestag, Germany's parliament, and Ms Merkel's offices in the Chancellery, using hi-tech equipment housed on the embassy roof.



It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II
by eurogreen on Tue Nov 5th, 2013 at 08:18:07 AM EST
[ Parent ]
Sorry, I take back the "perhaps"... Fascinating article.

According to one NSA document, Washington recently closed some of the 100 SCS locations it operates in embassies around the world and transferred some of the work to GCHQ, which is based in Cheltenham. In 2010, the SCS was known to operate 19 facilities in Europe, including stations in both Berlin and Frankfurt.

Documents shown to The Independent state that the operation uses equipment hidden within the fabric of diplomatic buildings and only a small number of personnel operating under diplomatic cover whose "true mission" is unknown even to the majority of their colleagues.

Aerial photographs of the British embassy in Berlin show a potential eavesdropping base enclosed inside a white, cylindrical tent-like structure which cannot be easily seen from the streets. The structure has been in place since the embassy, which was built following the reunification of Germany, opened in 2000.

The structure bears a striking resemblance to spying equipment used in GCHQ's Cold War listening post in West Berlin at the now-abandoned Teufelsberg or "Devil's Mountain" site, which was used to intercept East German and Soviet communications.



It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II
by eurogreen on Tue Nov 5th, 2013 at 08:26:03 AM EST
[ Parent ]
British embassy roof



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

by Crazy Horse on Tue Nov 5th, 2013 at 10:06:37 AM EST
[ Parent ]
Precaution against gas shortages should the Ukranians or Russians cut supply.

USA, AUS, CAN, GGR, NZL? I don't really believe the part-time spooks of my dear motherland get the keys to the serious tech.

For Four Eyes Only.

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

by eurogreen on Tue Nov 5th, 2013 at 10:13:49 AM EST
[ Parent ]
by afew (afew(a in a circle)eurotrib_dot_com) on Mon Nov 4th, 2013 at 11:32:41 AM EST
OECD news (e-mail):

Global investment activity fell by nearly a third in the second quarter of 2013, after two consecutive quarters of increases, according to new OECD data. This marks a return to the steady downward trend that started in Q1 of 2012, says the report, with international investors pulling more money out than they invested.

Unlike earlier stages of the global economic crisis, when emerging economies played a counter-cyclical role in international investment flows, the declines in Q2 were across the board. Outward investment from OECD economies declined by 20% to USD155 billion and inward investment into the OECD declined by 26% to USD137 billion.

Investment by non-OECD G20 countries fell by 92%, from USD 82 billion to USD 6.5 billion. This was mainly due to the collapse in international investment from Russia, from USD 54 billion in Q1 to USD -1 billion international divestment in Q2. Russia recorded its highest levels of investment outflows in Q1, largely a result of the TNK-BP Rosneft deal, involving the Virgin Islands.

Three countries received 47% of global FDI inflows in Q2 2013: China attracted the lion's share (USD 61 billion, or 21% of total) followed by the United Kingdom (USD 41 billion) and the United States (USD 38 billion). As with outflows, the decrease in inflows is largely due to divestments in OECD countries. The declines in inflows to Canada (41% decrease, to USD 11 billion) and Spain (48% decrease, to USD 6 billion) were particularly large.

Not all countries experienced declines. FDI inflows increased for Australia (from USD 10 billion to USD 12 billion), the United Kingdom (from USD 34 billion to USD 41 billion), and the United States (from USD 29 billion to USD 38 billion). Mexico recorded its highest level of investment inflows (from 5 billion to USD 18 billion), boosted by Belgian-based beer giant Anheuser-Busch InBev's acquisition of Grupo Modelo.

Report (pdf).

Data (xls).

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Nov 4th, 2013 at 11:38:54 AM EST
[ Parent ]
SAC Agrees to Plead Guilty to End Insider-Trading Case - Bloomberg

Billionaire Steven Cohen's SAC Capital Advisors LP, the hedge fund firm accused of fostering a culture of rampant insider trading, has agreed to plead guilty to a federal indictment and pay $1.8 billion, the U.S. said.

The company, charged earlier this year, was accused of operating a conspiracy stretching back to 1999, reaping hundreds of millions of dollars in illicit profit. Cohen, 57, wasn't charged in the indictment of the Stamford, Connecticut-based firm. He still faces an administrative action filed by the U.S. Securities and Exchange Commission for his alleged failure to supervise the hedge fund's activities.

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Nov 4th, 2013 at 02:07:03 PM EST
[ Parent ]
Shiller's Bubble Warning Dismissed in Loan Surge: Brazil Credit - Bloomberg

Brazil's President Dilma Rousseff is disregarding warnings about a housing bubble and is stoking demand instead by helping people buy more homes as prices surge.

The government increased the price limit of houses people can buy using the unemployment insurance fund on Sept. 30 after public lending for homes increased more than four times as much as private banks in the two years through June, to 202 billion reais ($90 billion), according to central bank data.

Rousseff's homebuilding program has propelled demand as she seeks to stimulate the economy before next year's presidential election. Robert Shiller, six weeks before winning the Nobel Prize for economics, cautioned that such demand may be fueling a bubble as home prices grow twice as fast as rent. Mortgage debt as a percentage of disposable household income has climbed to a record 15 percent, almost double the level at the start of Rousseff's term.

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Nov 4th, 2013 at 02:09:26 PM EST
[ Parent ]
Americans' Debt Hangover Seen Ending in Boost to Growth - Bloomberg

Suffering from a debt hangover for the past four years, Americans will resort to a time-honored cure -- hair of the dog that bit them. A pickup in borrowing will give the world's biggest economy a much-needed boost next year as federal government austerity pinches growth.

Workers will be more willing to take out loans as the lowest unemployment rate in almost five years bolsters job security, while banks will be more likely to lend after cleaning up their own balance sheets. The resulting gains in personal spending will help counter the effects of federal-budget cuts that are weighing on the expansion, according to Ben Garber, an economist at Moody's Capital Markets Research Inc. in New York.

"Consumers taking on more debt at a time when the deficit is shrinking would be a strong positive for the economy," Garber said. "This will help offset some of the fiscal austerity that we're experiencing."

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Nov 4th, 2013 at 02:10:08 PM EST
[ Parent ]
China premier warns against loose money policies | Reuters

(Reuters) - China needs to sustain economic growth of 7.2 percent to ensure a stable job market, Premier Li Keqiang said as he warned the government against further expanding already loose money policies.

In one of the few occasions when a top official has enunciated the minimum level of growth needed for employment, Li said calculations show China's economy must grow 7.2 percent annually to create 10 million jobs a year.

That would cap the urban unemployment rate at around 4 percent, he said.

"We want to stabilize economic growth because we need to guarantee employment essentially," Li was quoted by the Workers' Daily as saying on Monday. His remarks were made at a union meeting two weeks ago but were only published in full this week.

Yet even as authorities keep an eye on growth, Li sounded a warning on easy credit supply, which he said had exceeded 100 trillion yuan ($16.4 trillion) in the world's second-biggest economy.

"Our outstanding M2 money supply has at the end of March exceeded 100 trillion yuan, and that is already twice the size of our gross domestic product (GDP)," Li was quoting as saying.

by afew (afew(a in a circle)eurotrib_dot_com) on Tue Nov 5th, 2013 at 02:16:17 AM EST
[ Parent ]
by afew (afew(a in a circle)eurotrib_dot_com) on Mon Nov 4th, 2013 at 11:32:57 AM EST
Hundreds evacuated as Indonesia volcano erupts

A volcano in western Indonesia erupted twice Sunday, hurling red-hot ash and rocks up to seven kilometres into the air and forcing more than 1,000 people to flee their homes.

Mount Sinabung on Sumatra island erupted in September for the first time in three years, forcing thousands to flee their homes, and has been erupting intermittently ever since.

Early Sunday it hurled a column of ash seven kilometres (four miles) into the air, then erupted again in the afternoon.

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Nov 4th, 2013 at 12:13:00 PM EST
[ Parent ]
BBC News - Egypt ex-president Morsi tells trial: 'I am president'

Egypt's ousted leader Mohammed Morsi has gone on trial in Cairo, telling the judge the case is illegitimate as he remains president.

He and 14 other Muslim Brotherhood figures face charges of inciting the killing of protesters outside the presidential palace in 2012.

After Mr Morsi's remarks and his refusal to wear a uniform, the judge adjourned the trial until 8 January.

He was then flown to Burj al-Arab prison in Alexandria.

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Nov 4th, 2013 at 01:54:01 PM EST
[ Parent ]
There is little doubt he was legally elected and that Egypt has suffered a legally problematic if popular coup.

The question is, and here hindsight is a wonderful thing, whether there should have been elections so quickly after the removal of Mubarak. A govt of national unity might have been better with a fixed term of perhaps 3 years to allow political organisations to get off the ground.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Tue Nov 5th, 2013 at 03:35:47 AM EST
[ Parent ]
BBC News - DR Congo's Bunagana town 'empty' as army presses M23

The entire population of Bunagana town in eastern Democratic Republic of Congo has fled fighting between government and rebel forces, residents say.

The BBC's Ignatius Bahizi, who is on the Ugandan side of the town, says missiles are being fired, killing four people.

The government on Monday rejected the M23 rebel group's call for a ceasefire.

At least 800,000 people have fled their homes since the conflict began in March 2012.

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Nov 4th, 2013 at 02:04:43 PM EST
[ Parent ]
Enquiry underway into killing of two RFI journalists in Mali - France - Mali - RFI

The bodies of the two RFI journalists Ghislaine Dupont and Claude Verlon have been taken back to the Malian capital, Bamako, and are due to be flown back to France later on Monday.

The two journalists were killed after being captured on Saturday in Kidal in northern Mali.

Meanwhile official enquiries have been launched in both Paris and Bamako is to try to find out what happened.

An operation is reportedly underway to try to track down suspects.

Claude Verlon and Ghislaine Dupont were killed by several bullets, their bodies were found in the scrubland near the locked car in which they were apparently transported.

French experts are on the way to Mali to examine the car.

In Kidal, several sources claim that a helicopter was overheard above the town after the abduction of the two journalists.

This contradicts statements by the French army Chief of Staff in Mali, saying that the abductors were not spotted from the sky because there were no aircraft in the area.

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Nov 4th, 2013 at 02:11:39 PM EST
[ Parent ]
by afew (afew(a in a circle)eurotrib_dot_com) on Mon Nov 4th, 2013 at 11:33:23 AM EST
Wildlife and Habitat Conservation News: Do dams bring more harm or more good?

As China forges ahead with its goal to generate 120,000 megawatts of renewable energy by 2020, they are damming more and more rivers. According to China, this is a safe strategy that will curb pollution, control floods, and minimize climate change. Conservationists and scientists across the globe however, disagree.

Environmentalists assert that China is, instead, blocking the free flow of rivers, destroying the ecology, uprooting millions of people, increasing the chances of earthquakes and ultimately "selling their country's soul in their drive for economic growth".

In their search for renewable electric power, China's engineers have been building mega-dams at a rate unmatched in human history. Many far larger than the Hoover Dam on the Colorado River -- which is 221 meters high and capable of generating more than 2,000 megawatts of power -- are being constructed on China's greatest rivers. Best known is the Three Gorges Dam, completed in 2008, which stretches a mile-and-a-half across the Yangtze and can generate ten times the hydropower of the Hoover Dam. Yet the Three Gorges is only a fraction of China's current dam program.

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Nov 4th, 2013 at 12:12:06 PM EST
[ Parent ]
Malaysia to Increase Palm Oil Component of Biodiesel | Environment News Service

KUALA LUMPUR, Malaysia, October 28, 2013 (ENS) - Malaysia is about to require a higher concentration of palm oil in its biodiesel fuel blend, government and industry and  sources said last week.

The new B7 biofuel blend would increase the palm oil component of biodiesel to seven percent, up from the current five percent.

(...)

Indonesia, the world's top palm oil producer, recently announced plans to raise its own minimum mandatory biofuel requirement for biodiesel to 10 percent, up from a range of three to 10 percent.

Clearing and burning of rainforests for palm oil plantations is one of the primary drivers of deforestation in Southeast Asia, and is one of the major reasons Indonesia is the world's third largest global warming polluter, just behind China and the United States.

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Nov 4th, 2013 at 12:23:11 PM EST
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Chickens to benefit from biofuel bonanza

Chickens could be the unexpected beneficiaries of the growing biofuels industry, feeding on proteins retrieved from the fermenters used to brew bioethanol, thanks to research supported by the Engineering and Physical Sciences Research Council (EPSRC).

It has long been known that the yeasty broth left over after bioethanol production is nutritious, but it has taken a collaboration between Nottingham Trent University and AB Agri, the agricultural division of Associated British Foods, to prove that Yeast Protein Concentrate (YPC) can be separated from the fibrous cereal matter.

The researchers have also shown that YPC may be a cost-competitive substitute for imported soya-based and similar high-value protein feeds currently used in the diets of chickens bred for meat production.

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Nov 4th, 2013 at 12:24:28 PM EST
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New Energy To Unveil High Performance, 'next Generation' Solarwindow

New Energy Technologies, developer of SolarWindowT, the world's first-of-its-kind see-through technology capable of generating electricity on glass and flexible plastics, has announced plans to unveil the Company's next generation, high performance SolarWindowT working prototype within the upcoming calendar quarter.

"Our next-generation SolarWindowT has been engineered to deliver an architecturally neutral, aesthetically-pleasing, solution-processable coating technique for depositing see-through electricity-generating coatings on to glass surfaces as a source of electricity to today's towers, offices, and commercial buildings," stated Mr. John A. Conklin, President and CEO of New Energy Technologies, Inc.

"The first-ever public demonstration of our next-generation prototype and its electricity-generating capabilities is the result of several important technical breakthroughs, over forty two (42) patent filings, the collaboration of strategic partners, and ongoing support and financing by our loyal shareholders and lead investors."

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Nov 4th, 2013 at 12:31:12 PM EST
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Berlin citizen grid buyback fails - 100% renewable - Renewables International

Yesterday, the German capital held a plebiscite to decide whether the city should bid for the contract to manage the local grid when it comes up for renewal. Although an overwhelming majority of those who voted supported the campaign (83 percent), voter turnout was low, so the campaign failed.

Perhaps the writing was on the wall for the campaign a few months ago when city officials opposing a citizen takeover of the grid managed to get the date of the plebiscite moved back from the day of national elections in September to November 3. Had Berliners been able to vote on the issue when they went to vote for German Parliament, voter turnout would have been much greater; it was around 73 percent in September.

This time, however, citizens had to take an extra trip back to the polls, and far fewer people chose to do so. The rules stipulate that the majority wins, but also that a quorum of 25 percent of all eligible voters has to be reached - and the "yes" votes only amounted to 24.1 percent.

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Nov 4th, 2013 at 12:33:45 PM EST
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by afew (afew(a in a circle)eurotrib_dot_com) on Mon Nov 4th, 2013 at 11:33:48 AM EST
Chinese boy, 10, jumps to death 'on teacher's order'

A 10-year-old Chinese boy jumped 30 floors to his death after failing to write a self-criticism letter demanded by his teacher, state media reported Thursday.

The fifth-grade primary school student had been ordered to write a 1,000-character apology by his teacher for talking in class, China National Radio (CNR) reported on its website, citing a neighbour.

The educator allegedly told him to jump out of a building after he failed to complete the task, the report quoted relatives and the neighbour as saying.

"Teacher, I can't do it," was found written in one of his textbooks, CNR said. "I flinched several times when I tried to jump from the building."

The child smashed into a parked car beneath the flat where his family live, the West China City News reported.

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Nov 4th, 2013 at 12:26:44 PM EST
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U.S. top court lets stand ruling throwing out 'abortion pill' limits | Reuters

(Reuters) - The U.S. Supreme Court on Monday left intact a state court decision invalidating an Oklahoma law that effectively banned the so-called abortion pill RU-486, with the justices deciding to sidestep a potentially contentious case.

The high court had been waiting for the Oklahoma Supreme Court to clarify a December 2012 ruling that had voided the law before deciding on whether to rule on the case. Last week, the state court issued a new opinion explaining its reasoning in more detail.

The U.S. high court's latest action means the Oklahoma Supreme Court ruling is final. That ruling invalidated a state law it said had the effect of banning abortion-inducing drugs altogether.

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Nov 4th, 2013 at 01:51:50 PM EST
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UK says to 'learn lessons' after male terror suspect escapes in burqa | Reuters

(Reuters) - A Somali-born man who escaped from special police surveillance by disguising himself in a burqa has exposed shortcomings in the way Britain handles some terrorism suspects, prompting an embarrassed government to announce a review.

Mohammed Ahmed Mohamed, who is suspected of having links with Somali Islamist group al Shabaab, gave authorities the slip last Friday by donning the full-length woman's religious garment while attending prayers at a London mosque.

It was the second time a terrorism suspect has absconded in the past 10 months and the main opposition Labour Party blamed new government rules it said made it easier for such people to evade surveillance.

"There will of course be a review ... and any lessons that need to be learned will be," Theresa May, the Home Secretary (interior minister), told parliament.

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Nov 4th, 2013 at 01:52:43 PM EST
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Activists ensnare thousands of online paedophiles using 10-year-old Filipino girl - who doesn't exist - Europe - World - The Independent

A group campaigning against child sex exploitation has run an online sting operation which caught thousands of paedophiles trying to solicit a computer-generated 10-year-old girl.

More than 20,000 separate users were ensnared over the course of 10 weeks, all trying to watch the virtual Filipino child Sweetie perform indecent acts via a webcam.

Researchers from the Netherlands-based activists group Terre des Hommes logged in to public chat rooms under the alias of Sweetie, an apparently real girl who they identified clearly by country of origin, gender and age.

The results were shocking, according to the group's project director Has Guyt. They found that the forums were flooded with people willing to pay to see a young child perform sex acts live online.



It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II
by eurogreen on Tue Nov 5th, 2013 at 08:13:21 AM EST
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by afew (afew(a in a circle)eurotrib_dot_com) on Mon Nov 4th, 2013 at 11:34:12 AM EST


A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman
by Migeru (migeru at eurotrib dot com) on Tue Nov 5th, 2013 at 04:04:09 AM EST
[ Parent ]
Do not pass Go. Do not collect €200.

It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II
by eurogreen on Tue Nov 5th, 2013 at 05:15:35 AM EST


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