European Salon de News, Discussion et Klatsch - 22. July

by Fran
Mon Jul 21st, 2008 at 03:05:44 PM EST

On this date in history:

1889 - James Whale, a British born film director, best known for his work in the horror movie genre, was born (d. 1957)

More here and here


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by Fran (fran at eurotrib dot com) on Mon Jul 21st, 2008 at 03:06:18 PM EST
French constitutional change measure passes by one vote - International Herald Tribune

VERSAILLES, France: French lawmakers voted Monday in favor of a sweeping revision of France's constitution -- but by a one-vote margin that highlights the controversy behind the vote.

The changes give parliament greater power but also add privilege to the presidency.

The reform was a political hot potato for President Nicolas Sarkozy, but the thin win -- 539 votes for and 357 against -- saved him from humiliation. That is one vote more than the 538 needed to pass the changes.

The vote by both houses of parliament was held in a special session at the Chateau of Versailles.

Sarkozy's conservative party pressed for the reform right up until the vote.

by Fran (fran at eurotrib dot com) on Mon Jul 21st, 2008 at 03:08:09 PM EST
[ Parent ]
BBC NEWS | Europe | France backs constitution reform

Parliamentarians in France have backed plans by President Nicolas Sarkozy to rewrite the country's constitution - by the slimmest of margins.

The reform bill was backed by 539 votes to 357 - exactly the 60% majority of the combined Assembly and Senate required to pass the reforms.

Mr Sarkozy says the reforms will strengthen France's parliament, which is often seen as weak.

But Mr Sarkozy's critics say they will turn the country into a "monocracy".

by Fran (fran at eurotrib dot com) on Mon Jul 21st, 2008 at 03:08:31 PM EST
[ Parent ]

Sarkozy victory as reforms are approved

France's parliament on Monday approved by the narrowest possible margin one of the most significant packages of institutional reforms since the Fifth Republic was founded by General Charles de Gaulle in 1958.

In a knife-edge vote in an extraordinary parliamentary session at Versailles, the necessary 60 per cent of France's senators and parliamentary deputies backed the controversial reforms intended to rebalance the executive and legislative branches of power.

The vote is an important victory for President Nicolas Sarkozy, who had promised during last year's election campaign to update the country's constitution. The opposition Socialist party, as well as some members of Mr Sarkozy's own centre-right UMP party, had fiercely resisted the bill, arguing it did not go far enough.

Mr Sarkozy, who had reportedly lobbied wavering parliamentarians by phone while on holiday, hailed the result as a triumph for the forces of movement over those of stagnation.

And the narrative is thus fed.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (jeromeguillet@yahoo.fr) on Mon Jul 21st, 2008 at 07:53:42 PM EST
[ Parent ]
what are these leftist politicians complaining about, specifically?

The reform gives parliament greater power but also adds a new privileges to France's already strong presidency, notably allowing the chief of state to address together the two houses of congress

Is that what has got them all bothered about this reform?  That the president will be able to address both houses?  That seems more symbolic than anything.

On the other hand, from this article, the reform does seem to constrain the president in some substantial ways:

However, it limits the president to two five-year terms.

Parliament is now able to veto major presidential appointments and can reduce the government's ability to push through legislation without a vote.

The presidency will also be required to inform parliament of any troop deployment overseas, and must win parliamentary authorization for any such deployment lasting more than four months.

What the "monocracy" are they talking about?

... all progress depends on the unreasonable mensch.
(apologies to G.B. Shaw)

by marco (cowannar at gmail punkt com) on Mon Jul 21st, 2008 at 09:00:10 PM EST
[ Parent ]
BBC NEWS | Europe | France backs constitution reform
The bill sets a two-term limit for presidents, gives parliament a veto over some presidential appointments, ends government control over parliament's committee system, allows parliament to set its own agenda, and ends the president's right of collective pardon.


... all progress depends on the unreasonable mensch.
(apologies to G.B. Shaw)
by marco (cowannar at gmail punkt com) on Mon Jul 21st, 2008 at 09:07:39 PM EST
[ Parent ]
Okay, so according to Libération, the problem is that they left out some key reform measures:

Constitution réformée, mode d'emploi reformed Constitution, mode d'emploi
Mais, de fait, l'essentiel des mesures indispensables qui prétendaient «rééquilibrer les pouvoirs» ont disparu : l'interdiction du cumul des mandats, le contrôle effectif du Parlement des nominations décidées par le chef de l'Etat, la création d'un statut de l'opposition parlementaire... Et surtout la réforme du Sénat, la plus archaïque des deux assemblées, dont le mode de scrutin fait un domaine réservé de la droite. Au final, en fait de modernisation, ne reste qu'un toilettage.But, in fact, most of the measures needed who claimed to "rebalance the powers" have disappeared: the prohibition of overlapping mandates, the effective control of Parliament appointments decided by the Head of State, the creation of 'status of the parliamentary opposition% u2026 And especially the reform of the Senate, the most archaic of the two assemblies, whose voting system is a reserved area on the right. In the end, in fact modernization remains a grooming.

But wasn't it better that some of these "sweeping" reforms -- many of which the left has been advocating for a long time, according to this Liberation article -- were passed rather than none at all?

... all progress depends on the unreasonable mensch.
(apologies to G.B. Shaw)

by marco (cowannar at gmail punkt com) on Mon Jul 21st, 2008 at 09:21:51 PM EST
[ Parent ]
The thing is, two months from now, there are elections for the senate, in which the left wing would have progressed - thus Sarkozy would have had to actually negotiate the constitutional changes with the PS rather than just ram it through with pork to the centre left. Better the complete reform rather than a bad one that freezes the constitutional reforms for some time (as Sarkozy now has no reasons to keep negotiating with the left wing on the subject).

Auferre, trucidare, rapere, falsis nominibus imperium; atque, ubi solitudinem faciunt, pacem appellant.
by linca (antonin POINT lucas AROBASE gmail.com) on Tue Jul 22nd, 2008 at 04:52:24 AM EST
[ Parent ]
Can you tell us why the excluded measures were removed? Was it a political decision to give the right more power?

I told Bush; don't play chess with the freakin' Russians.
by LEP (rafifoon@yahoo.com) on Tue Jul 22nd, 2008 at 06:09:45 AM EST
[ Parent ]
yes.

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (jeromeguillet@yahoo.fr) on Tue Jul 22nd, 2008 at 06:13:02 AM EST
[ Parent ]
I was truly appalled that this passed. Any modification without including some proportional mode of election to the parliement was simply a strengthening of the royal presidency.

Lang should be ashamed of himself.

by Cyrille (cyrillev domain yahoo.fr) on Thu Jul 24th, 2008 at 05:32:15 PM EST
[ Parent ]
the powers allocated to parliament are going to be controlled by the ruling party, and given that the majority holds most of its legitimacy from the president (given that the election takes place just right after the election of the president), and, under the 5th Republic, has been extremely subversient to the president.

So it increases power for the president's henchmen, not realyl to an independent institution.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (jeromeguillet@yahoo.fr) on Tue Jul 22nd, 2008 at 06:09:55 AM EST
[ Parent ]
For example, Sarkozy made much noise about presidential nominations needing parliamentary approval, but for his nominations to be prevented needs opposition from three fifths of both parliament and senate : not gonna happen...

Auferre, trucidare, rapere, falsis nominibus imperium; atque, ubi solitudinem faciunt, pacem appellant.
by linca (antonin POINT lucas AROBASE gmail.com) on Tue Jul 22nd, 2008 at 06:19:39 AM EST
[ Parent ]
Forces face training cuts as fuel bill rockets - Times Online

The cost of fuelling Britain's Armed Forces is due to rise by more than £500 million next year as a result of soaring oil prices, forcing military chiefs to consider broad cuts to air force and combat training.

Ministry of Defence calculations of projected fuel bills, seen byThe Times, show a dramatic increase in operating costs, with fuel for aircraft, naval and ground vehicles up by more than 20 per cent on last year.

With the Armed Forces' budget set to rise by just 3 per cent - and the Chancellor, Alistair Darling, warning government departments last week of no additional increases - defence and industry analysts said that major cuts to training programmes such as fighter plane exercises would be inevitable.

The Times understands that Air Chief Marshal Sir Glen Torpy, Chief of the Air Staff, told senior members of the defence industry last week that RAF pilots would do more training in simulators this year because of the budget squeeze.

[Murdoch Alert]
by Fran (fran at eurotrib dot com) on Mon Jul 21st, 2008 at 03:08:50 PM EST
[ Parent ]
They could always cut wasteful development projects like Trident, stupid pointless Cold War aircraft with no operational requirement. Communications systems that only work in N europe etc etc.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Tue Jul 22nd, 2008 at 06:43:19 AM EST
[ Parent ]
German Chancellor in Ukraine for Talks on Energy, NATO | Europe | Deutsche Welle | 21.07.2008
In Ukraine for the first time on Monday, July 21, German Chancellor Angela Merkel is to meet with the former Soviet republic's leaders to discuss energy supply, NATO, and Ukraine's future with the European Union.

Merkel is meeting with Ukrainian President Viktor Yushchenko and Prime Minister Yulia Tymoshenko during a day of talks.

 

According to German and Ukrainian diplomats, Merkel intends to discuss her view of Ukraine's future with NATO and the European Union, and to argue that Berlin's "go-slow" policy towards Kiev was not hostile.

 

The German leader was likely to pitch to Yushchenko and Tymoshenko a plan to give Ukraine associate status with the European Union, while leaving NATO on the back burner, the Sehodnia newspaper reported.

by Fran (fran at eurotrib dot com) on Mon Jul 21st, 2008 at 03:09:13 PM EST
[ Parent ]
German Chancellor Puts the Brakes on Ukraine's EU Hopes | Europe | Deutsche Welle | 21.07.2008
In Ukraine for the first time on Monday, July 21, German Chancellor Angela Merkel dampened the country's hopes for a quick path to EU membership. She did express support for an association agreement, however.

During her short stay in Kyiv, the German chancellor said that Ukraine would likely sign a so-called Stabilization and Association Agreement (SAA) before the French EU presidency expires at the end of this year.

 

The deal is expected to top the agenda of an EU-Ukraine summit taking place in September.

 

While an SAA is an important step toward membership in the 27-member European Union, Merkel urged Ukrainians "not to confuse this with conditions for joining the EU," pointing out that the bloc's capacity for expansion was limited.

by Fran (fran at eurotrib dot com) on Mon Jul 21st, 2008 at 03:47:55 PM EST
[ Parent ]
Sarkozy pushes for more control of European Central Bank - EUobserver

French President Nicolas Sarkozy, a long-time critic of the European Central Bank's monetary policy, is set to push for a change in the way the Frankfurt-based body is run.

According to the Financial Times, France is working on a three point plan, which should encourage EU states to express their views on the ECB's monetary policy - something that Paris considers "legitimate".

The French president wants greater co-ordination between the ECB and the eurogroup

Mr Sarkozy wants the ECB to publish regular minutes of its governing council meetings where interest rates are set. Currently, this is done behind closed doors.

He would also like to see the development of a permanent secretariat for the eurogroup - representing finance ministers from countries using the euro currency - in order to boost its policy co-ordination with the ECB.

In addition, French leader wants to establish an "economic government" for the eurozone.

by Fran (fran at eurotrib dot com) on Mon Jul 21st, 2008 at 03:09:39 PM EST
[ Parent ]
He already has the Ecofin - he doesn't need to put his paws on the ECB, nor change the institutional arrangements. At least there is no evidence yet that he needs to since I don't believe the Ecofin has actually done all it can to develop a common economic (fiscal, not monetary) policy.

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith
by Migeru (migeru at eurotrib dot com) on Tue Jul 22nd, 2008 at 08:56:04 AM EST
[ Parent ]
Mr Sarkozy wants the ECB to publish regular minutes of its governing council meetings where interest rates are set. Currently, this is done behind closed doors.

And I want the Council to publish minutes of all its meetings, too.

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith

by Migeru (migeru at eurotrib dot com) on Tue Jul 22nd, 2008 at 08:56:55 AM EST
[ Parent ]
Bulgaria and Romania taken to task by Brussels over corruption -EUobserver

EUOBSERVER / BRUSSELS - The European Commission is on Wednesday (23 July) set to strongly criticise Bulgaria and Romania for their failure to take effective action against corruption.

The language will be particularly harsh towards Bulgaria - but neither of the countries will face concrete sanctions at this stage, according to the reports on the justice and home affairs situation in the EU newest member states seen by EUobserver.

Plovdiv - Bulgaria's second biggest city

The Bulgaria report welcomes efforts made by the country in the area, but says they are insufficient as initiatives are rarely followed by concrete results.

Addressing the issue of persistent corruption problems, it also notes that only few cases have actually been effectively dealt with.

by Fran (fran at eurotrib dot com) on Mon Jul 21st, 2008 at 03:10:13 PM EST
[ Parent ]
the government of bulgaria cannot solve the corruption issue, because the Bulgarian government is the corruption issue

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Tue Jul 22nd, 2008 at 06:47:46 AM EST
[ Parent ]
Welcome to Italy.

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith
by Migeru (migeru at eurotrib dot com) on Tue Jul 22nd, 2008 at 08:54:33 AM EST
[ Parent ]
European Roadshow: Obama's Germany Itinerary Ruffles Feathers in France, UK - International - SPIEGEL ONLINE - News

Barack Obama's visit to Berlin has upset officials in other European capitals who feel the presumptive Democratic Party presidential candidate is slighting their countries. Germany is not only to be the site of a major trans-Atlantic address, but also the place where he plans to meet the most politicians. The French and British are feeling neglected.

Barack Obama is making Germany the major focus of his trip to Europe this week, a choice that is being viewed with some displeasure in Paris and London. One day after the Democratic Party's presumptive presidential nominee officially announced his plan to hold a speech at the Siegesäule, or "Victory Column," (more...) in Berlin, SPIEGEL ONLINE also obtained information about his preliminary European agenda.

 Candidate Obama: His team views German Chancellor Angela Merkel as Europe's strongest leaders at the moment.

One-on-one meetings for Obama have now been confirmed with German Chancellor Angela Merkel and Foreign Minister Frank-Walter Steinmeier. But so far he is only including time in his stops in Paris and London for French President Nicolas Sarkozy and British Prime Minister Gordon Brown. A decision still hasn't been made on whether the Democratic candidate will meet with the foreign ministers of those countries.

The source said this had caused additional irritation in government circles in Paris and London. High-ranking politicians there are already annoyed that the controversy about Obama's desire to hold his speech at Berlin's Brandenburg Gate had distracted attention from the purpose of his European visit -- to outline his vision for trans-Atlantic relations.

by Fran (fran at eurotrib dot com) on Mon Jul 21st, 2008 at 03:11:26 PM EST
[ Parent ]
Obamania in Berlin: An American Idol in Germany - International - SPIEGEL ONLINE - News

US presidential candidate Barack Obama will land in Berlin on Thursday. Europeans have fallen in love with the Democrat, mostly because he's not Bush. But they may not like what they hear this week.

He has already found his spot at the Brandenburg Gate. Indeed, it's where he speaks every day between 10 a.m. and 6 p.m. -- his voice, met with wild cheers from his audience, is enough to send shivers down one's spine even today. After giving his speech, he is driven in an open limousine through Berlin, where hundreds of thousands line the streets, chanting: "Kennedy, Kennedy."

 His eternal spot in Berlin is in a museum on Pariser Platz, directly across the square from the Brandenburg Gate. The museum, called "The Kennedys," represents the ultimate in a politician's achievements -- complete and utter hero worship. It is filled with attractive photographs, inspiring quotes and magnificence. The film constantly on screen there depicts former US President John F. Kennedy's appearance in Berlin in June, 1963, including the parade given in his honor and his speech in front of the Schöneberg Town Hall, where he famously said: "Ich bin ein Berliner" ("I am a Berliner").

Barack Obama's voice, by contrast, will not be heard at the Brandenburg Gate and he will not be gazing at the "The Kennedys" museum when he speaks in Berlin. Though he is often compared with Kennedy and sparks similar hopes, Obama hasn't come that far yet. He still lacks the kind of stature that would spare him from being ground through the mill of German politics. German Chancellor Angela Merkel turned down his request to speak at the Brandenburg Gate.

by Fran (fran at eurotrib dot com) on Mon Jul 21st, 2008 at 03:12:18 PM EST
[ Parent ]
German Politicians Warn Obama: 'No Point in Issuing Demands That Can't Be Fulfilled' - International - SPIEGEL ONLINE - News

Germany's Social Democrats are feting Barack Obama's visit to Berlin this week, but behind the scenes they are distancing themselves from the Democratic Party's candidate. Leading SPD members are warning Obama against demanding more German troops for Afghanistan.

 Barack Obama (right) meets with Afghan President Hamid Karzai: Will the Democratic presidential candidate ask Germany to send more troops to Afghanistan this week? In the run-up to Barack Obama's visit to Berlin, leading foreign and security policy experts for Germany's center-left Social Democratic Party (SPD) are warning the United States presidential candidate against making any far-reaching demands on the Germans.

"Obama should only ask of us what we are able to deliver," Niels Annen -- a member of Germany's federal parliament, with the left wing of the SPD -- told SPIEGEL ONLINE Monday. "We won't increase our number of troops."

Chancellor Angela Merkel's cabinet, however, has approved a plan to increase the number of troops from Germany's armed forces in Afghanistan by 1,000 to 4,500 soldiers. All troop deployments of the Bundeswehr require a mandate from the German parliament, which is expected to consider the issue in the autumn. And SPD party chief Kurt Beck made clear over the weekend that 4,500 was the ceiling of what could be expected from Germany. The Social Democrats -- who are the junior partner in the grand coalition government with Merkel and her conservative Christian Democrats -- are hoping Obama will take heed of German sensitivities when he visits Thursday.

by Fran (fran at eurotrib dot com) on Mon Jul 21st, 2008 at 03:15:43 PM EST
[ Parent ]
The expectations are so high that the return to reality is going to be painful for many. The coming crisis between "arrogant" and "ungrateful" Europe and the Obama administration will not be long in the making, and will trigger new waves of Europe-bashing I suspect.

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (jeromeguillet@yahoo.fr) on Mon Jul 21st, 2008 at 05:34:41 PM EST
[ Parent ]
Hey, European leaders got ahead in the polls by bashing the US - why shouldn't US leaders be allowed to get ahead in the polls by bashing Europe?  

</snark>

"This is nothing compared to how Putin rigged Eurovision."

by poemless on Mon Jul 21st, 2008 at 05:52:55 PM EST
[ Parent ]
thus my prediction.

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (jeromeguillet@yahoo.fr) on Mon Jul 21st, 2008 at 06:03:43 PM EST
[ Parent ]
You may well be right that Obama or others will bash Europe (Germany for not sending more fodder to Afshanistan?).  But i don't remember any European leaders bashing the US.  I do remember some that bashed the criminal actions of an overly-medicated ex-drunk who happens to be chief marrionette, and at worst looked askance at official US anti-science.  But bashing?

Skennah Kowa
by Crazy Horse on Tue Jul 22nd, 2008 at 07:28:01 AM EST
[ Parent ]
She's talking about Schroeder's 2002 reelection bid, I think.

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith
by Migeru (migeru at eurotrib dot com) on Tue Jul 22nd, 2008 at 08:43:47 AM EST
[ Parent ]
Yes.  And Zapatero.  And all of the others who've come to power in part by opposing US policy or those who've supported US policy.  That's not bashing to you and me, but "bashing" is a moronic and subjective term (that is, like "propaganda," it's only "bashing" when those who oppose you do it...) and a lot of Americans would consider it to be so.  It's the nature of national identity to define yourself against another - and even Europeans do it.  FWIW, I honestly do not see Obama going the freedom fries route.  He's a highly educated, liberal fellow.  That's just not his scene, any more than a heated discussion about Derrida over a bottle of wine with Charlie Parker blaring in the background is G. W. Bush's scene.  Like, you just can't see it happening in this universe.  Being a bit of a Europhile is part and parcel for liberal elite in America.  Not to mention the rather unique historical relationship intellectual African Americans have had with Europe...  

Also, the American public is no longer looking for a scapegoat in Europe.  We know we've completely botched our foreign policy and we're probably going to have to do some serious fence mending in your part of the world.  While you might perceive some Europe-bashing from Obama, I think you'll also perceive some flattery as well.

"This is nothing compared to how Putin rigged Eurovision."

by poemless on Tue Jul 22nd, 2008 at 11:38:39 AM EST
[ Parent ]
That's not bashing to you and me, but "bashing" is a moronic and subjective term (that is, like "propaganda," it's only "bashing" when those who oppose you do it...) and a lot of Americans would consider it to be so.
Precisely. How did Zapatero engage in "US bashing"? All he did was promise he would pull Spanish troops out of Iraq unless the mission was handed over to UN command by June 2004 (reasonable but impossibe condition). And, on that note, I don't think Schroeder did much 'bashing' either.

But, yeah, this is presented as "america-bashing" in the US press because no reasonable person could possibly oppose US policy.

It's the nature of national identity to define yourself against another - and even Europeans do it.
Um, I'm not sure I agree with that, but a 'soft' national identity that is not confrontational doesn't take you very far.

However, Spain managed to win the Euro2008 without being able to agree to a lyrics for its anthem. Now that's a feat of 'soft' national identity.

While you might perceive some Europe-bashing from Obama, I think you'll also perceive some flattery as well.
I think he damns with faint praise, and I am not sure what part of his pronouncements are for real and which part are posturing or pandering to the audience du jour.

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith
by Migeru (migeru at eurotrib dot com) on Wed Jul 23rd, 2008 at 06:43:23 AM EST
[ Parent ]
I am not sure what part of his pronouncements are for real and which part are posturing or pandering to the audience du jour.

I don't even think he knows the answer to that...


"This is nothing compared to how Putin rigged Eurovision."

by poemless on Wed Jul 23rd, 2008 at 11:18:54 AM EST
[ Parent ]
Brussels Addresses Banking Crisis: Banks Worried About EU Plans for Tighter Credit Rules - International - SPIEGEL ONLINE - News

The European Commission intends to respond to the international financial crisis by imposing tougher rules on banks' operations. The financial sector is worried that the plans will restrict lending and make credit more expensive.

 Germany's financial capital Frankfurt. The banks are worried about new EU plans to tighten controls of them. The European Union is ramping up the pressure on the financial sector with plans to tighten regulations under which European banks can invest in global credit markets, the Financial Times Deutschland reported on Monday.

The EU wants to only allow banks to buy so-called securitized loans -- loans repackaged as securities -- if the seller continues to hold 10 percent in his books, the newspaper reported, citing an internal European Commission draft for new bank equity capital rules.

EU Internal Market Commissioner Charlie McCreevy wants to implement the rules in the autumn, the report said. EU governments and the European Parliament have yet to approve the plan.

by Fran (fran at eurotrib dot com) on Mon Jul 21st, 2008 at 03:13:24 PM EST
[ Parent ]

The financial sector is worried that the plans will restrict lending and make credit more expensive.

And this is bad how, exactly? The financial sector is collapsing because of cheap credit. You'd think that given their inability to restrain themselves they'd be at least happy to have uniform rules applying to them... but no. Greed is overwhelming.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (jeromeguillet@yahoo.fr) on Mon Jul 21st, 2008 at 05:32:30 PM EST
[ Parent ]
You'd think that given their inability to restrain themselves they'd be at least happy to have uniform rules applying to them

If their balance sheets are already polluted by toxic paper their best hope may lie in continuing the game and hoping that they can dilute the poison below the level of a fatal dose.  Even if they are doomed, given the choice of dying sooner or later, most will choose later if they are not in their final throes of agony.

If sanity be culturally normative, then by the norms of this culture I claim insanity.
by ARGeezer (argeezer@yahoo.com) on Mon Jul 21st, 2008 at 10:07:20 PM EST
[ Parent ]
Jerome, you in commercial banking keep lending, but these goons are talking about speculative credit with no connection with physical capital investments.

You'll still have business in a recession, but they live for the 'growth phase' of the wholly speculative 'business cycle'.

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith

by Migeru (migeru at eurotrib dot com) on Tue Jul 22nd, 2008 at 08:53:27 AM EST
[ Parent ]
Sarkozy: No "Miracle" in EU Treaty Talks with Irish | Europe | Deutsche Welle | 21.07.2008
After meeting with the Irish Prime Minister Brian Cowen, French President Nicolas Sarkozy said there was "no miracle solution" to the impasse caused by the Irish rejection of the European Union's Lisbon treaty in June.

Sarkozy, speaking at a joint press conference with Cowen, said he respected the vote of the Irish people and denied meddling in Irish affairs.

 

The French president remained "convinced that with time the European Union would find a way forward."

 

Cowen said that Ireland was at the start of a process of analysis and consultation and that a way would be found to "resolve the current difficulties" in a manner satisfactory to all 27 member states.

by Fran (fran at eurotrib dot com) on Mon Jul 21st, 2008 at 03:17:02 PM EST
[ Parent ]
'Kermit the Frog' leads the way in protests against Nicolas Sarkozy - Times Online

As a message from the "plain people of Ireland" to President Nicolas Sarkozy of France, it could not have been clearer.

But "Kermit", the man in the neon green frog suit, the farmers, hardline Irish republicans, anti-motorway campaigners, fishermen, the Catholic Right and even `Victims of Irish Solicitors', were kept well away from the French presidential cavalcade as it rolled to Government Buildings for a `clear the air' meeting with the Taoiseach Brian Cowen.

"Hop it Sarko! Le peuple a dit non!" was the frogman's message, accompanied with a a photograph of France's First Lady in a bikini with the question "Ou est Carla?"

"It's just a bit of fun, to make the point to Sarkozy that he can't tell the Irish people what to do," said the man inside the frog suit - who identified himself only as Kermit.

[Murdoch Alert]
by Fran (fran at eurotrib dot com) on Mon Jul 21st, 2008 at 03:20:42 PM EST
[ Parent ]
They've said "Nice rather than Lisbon" so far.

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (jeromeguillet@yahoo.fr) on Mon Jul 21st, 2008 at 05:35:37 PM EST
[ Parent ]
They've said "no to whatever the European Council comes up with".

This is beginning to look like 'anybody but Bush'.

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith

by Migeru (migeru at eurotrib dot com) on Tue Jul 22nd, 2008 at 08:51:29 AM EST
[ Parent ]
Business Feed Article | Business |
MOSCOW, July 21 (Reuters) - Russian Prime Minister Vladimir Putin on Monday ordered the guarantee of full oil supplies to the Czech Republic, and sought to deny that disruptions in July were linked to Prague's role in a U.S. missile defence shield.

"I'm calling on you to treat this matter carefully and work out (the measures) with all the partners so that there are no interruptions," Interfax new agency quoted Putin as telling government officials. "(Disruptions) are not directly linked to Russian oil suppliers," Putin added after being briefed by Deputy Prime Minister Igor Sechin, who blamed trading intermediaries for lower supplies.

Russian state officials have said the cuts in flows to the Czech Republic via the Druzhba pipeline were of a technical nature after analysts said they suspected it could have been a retaliation by Moscow to Prague's decision to host a radar station as part of a U.S. missile shield. Moscow fiercely opposes the radar move.

by Fran (fran at eurotrib dot com) on Mon Jul 21st, 2008 at 03:23:21 PM EST
[ Parent ]
Radovan Karadzic has been arrested in Serbia (last news on "el mundo" tonight...
by Xavier in Paris on Mon Jul 21st, 2008 at 05:25:13 PM EST
[ Parent ]
BBC NEWS | Europe | Serbia captures fugitive Karadzic

Bosnian Serb war crimes suspect Radovan Karadzic, one of the world's most wanted men, has been arrested in Serbia after more than a decade.

He has been brought before Belgrade's war crimes court, in accordance with a law on cooperation the Hague Tribunal, the Serbian presidency said.

The Bosnian Serb wartime political leader disappeared in 1996.

He was subsequently indicted by the UN tribunal for war crimes and genocide over the 1995 massacre at Srebrenica.

His wartime military leader, Ratko Mladic, remains at large.

"Radovan Karadzic was located and arrested tonight" by Serbian security officers, a statement by the office of President Boris Tadic said, without giving details.

by Fran (fran at eurotrib dot com) on Mon Jul 21st, 2008 at 05:44:21 PM EST
[ Parent ]
BIRN:

Karadzic Arrest: Celebrations in Sarajevo:

21 July 2008 Sarajevo _ Crowds of people waving Bosnian flags and hundreds of cars honking at their horns poured onto the streets of Sarajevo as news emerged that Radovan Karadzic has been arrested in Serbia.

There is a high police presence on the main streets. "We have a strong police presence on the streets of Sarajevo. We have not even had one intervention, but we are ready to react if it is needed," the city police told Balkan Insight.

Balkan Insight contacted one of the victims from the 1992-1995 war, Bakira Hasecic from Visegrad, who said she can not believe the news.

"If somebody asked me, I would say it will never happen, especially not in Serbia. I was sure that the next thing I will hear about him is that he is dead," Hasecic told Baklan Insight.




"You can't be a successful crook with a dishonest face, now, can you?" -The Fourth Doctor
by lychee (lychee9393 A yahoo D com) on Mon Jul 21st, 2008 at 08:08:25 PM EST
[ Parent ]
Top war crimes fugitive Karadzic arrested - Serbia | Reuters
Bosnian Serb wartime president Radovan Karadzic, one of the world's most wanted men for his part in civilian massacres, was arrested on Monday, Serbian President Boris Tadic's office said on Monday.

Government sources said he had been under surveillance for several weeks, following a tip-off from a foreign intelligence service. The arrest of Karadzic and other indicted war criminals, is one of the main conditions of Serbian progress towards European Union (EU) membership.
by nanne (zwaerdenmaecker@gmail.com) on Mon Jul 21st, 2008 at 07:47:23 PM EST
[ Parent ]
WORLD
by Fran (fran at eurotrib dot com) on Mon Jul 21st, 2008 at 03:06:36 PM EST
Barroso calls for more concessions from developing economies ahead of WTO talks - EUobserver

All eyes are on Geneva on Monday (21 July) as world trade talks open in a last-ditch attempt at reaching a global agreement some seven years after discussions were launched.

European Commission President Jose Manuel Barroso, in a statement released on Sunday night as trade ministers from 30 nations met for dinner in the Swiss city ahead of the negotiations, called the talks the "last great opportunity" for a deal, and called on the third world to make greater concessions.

Mr Sarkozy (r) has a different opinion on trade talks to the commission

"For those negotiations to succeed, the other developed countries and the emerging economies in the WTO also have to make a major contribution," he said.

"Europe cannot be the sole banker of this deal," he added. "Moreover, Doha is not just about agriculture -- we also need to make progress on industrial tariffs, and in other areas of the negotiations such as services and geographical indications."

by Fran (fran at eurotrib dot com) on Mon Jul 21st, 2008 at 03:10:41 PM EST
[ Parent ]
The WTO's Raw Deal on Services

"Desperate to clinch a new global trade deal, World Trade Organization chief Pascal Lamy is planning to convene a "mini-ministerial" meeting in the third week of July. The aim of the meeting is to come up with agreements to liberalize trade in agriculture, industry, and services. <...>

Insistence on Services

<...>

While financial services are just one of many services covered by GATS, the United States and EU have made a liberalized financial sector their main demand on developing countries. It has been revealed, for instance, that the EU has demanded that some developing countries eliminate regulations that cover the activities of hedge funds, the financial groupings that are said to have triggered the collapse of the baht in 1997. The EU has also demanded that Mexico open up its market to trade in derivatives, the slippery financial instruments that have played such a key role in the current financial chaos".

No stone unturned.
.

by Loefing on Tue Jul 22nd, 2008 at 09:47:04 AM EST
[ Parent ]
Excellent catch, Loefing!  How have you been?

_Our knowledge has surpassed our wisdom. --Charu Saxena._
by metavision on Tue Jul 22nd, 2008 at 11:30:59 AM EST
[ Parent ]
Thanks, metavision ;) 'Been fine, but have found myself short on spare energy for internetsing.
by Loefing on Tue Jul 22nd, 2008 at 01:14:48 PM EST
[ Parent ]
India parliament launches nuclear debate in vote that could break Government - Times Online

The fate of India's coalition Government and its historic nuclear deal with the United States was hanging in the balance today as parliament began a debate that will culminate in a no-confidence vote tomorrow.

While government and opposition leaders made impassioned speeches before a packed Lok Sabha -- the lower house of the Indian parliament -- backroom dealing reached fever pitch as both sides struggled to make up numbers for the vote.

So close are their tallies -- and so high the stakes -- that the Government has temporarily released six MPs who are in jail for crimes including murder and extortion, and the Opposition is flying in two MPs who are recovering from surgery in hospital.

If the Congress Party and its allies in the ruling coalition lose, the Government will collapse, triggering a snap election as soon as November that could bring the Hindu nationalist Bharatiya Janata Party (BJP) back to power.

[Murdoch Alert]
by Fran (fran at eurotrib dot com) on Mon Jul 21st, 2008 at 03:19:40 PM EST
[ Parent ]
Al Jazeera English - CENTRAL/S. ASIA - India faces confidence vote

The Indian government may collapse as the country's politicians gather to debate a vote of confidence over a civilian nuclear deal with the US.

Manmohan Singh, the prime minister, was forced to call the vote on Monday after his left-wing and communist allies withdrew their support for the Congress party-led coalition in protest over the nuclear deal, which they fear will draw their country closer to the US.

India is widely considered a "non-aligned" country.

Analysts say the vote, to be held on Tuesday, is too close to call.

by Fran (fran at eurotrib dot com) on Mon Jul 21st, 2008 at 03:26:25 PM EST
[ Parent ]
US troops kill son of Iraqi governor | Herald Sun

US forces shot dead the 17-year-old son and another relative of the governor of northern Iraq's Salahuddin province in a raid today, local officials said.

The US military said it shot two armed men and later found out they were both related to the governor.

Governor Hamad al-Qaisi's brother, Lieutenant-Colonel Saad al-Qaisi, said American troops stormed a family house in the town of Beiji, where the governor's son Hussam and his cousin were staying.

by Fran (fran at eurotrib dot com) on Mon Jul 21st, 2008 at 03:34:11 PM EST
[ Parent ]
Right out of Section 3 of the army's Winning Hearts and Minds manual, subtitled The Surge is Working.

Another perspective:

Today forces of the Iraqi Freedom Army in America admitted killing the son of ex-governor Mitt Romney.  "He was known to associate with targeted terrorists, and used the family as cover," spoke the IFA spokesspook.  Friends of the family reported they were just playing blackjack.

Skennah Kowa

by Crazy Horse on Tue Jul 22nd, 2008 at 07:38:49 AM EST
[ Parent ]
Poll: GOP Sen. Ted Stevens Down By Eight In Re-Election Bid
By Eric Kleefeld - July 21, 2008, 3:31PM

A new Rasmussen poll of Alaska has some big news: Democratic candidate for Senate Mark Begich now leads long-time incumbent Republican Ted Stevens by a margin of 52%-44%, in a deep-red state that hasn't sent a Dem to Congress since 1974.

Stevens has been easily re-elected since he was first appointed to his seat in the late 1960s, but his many ethics scandals have slowly but surely dragged his popularity down. He now has only a 50% approval rating to a nearly-identical 48% unfavorable rating, compared to Begich's 63%-34% favorables.

In short, Republicans could be on track to lose this seat unless something drastic happens.

And the Hits just KEEP ON COMING!


If sanity be culturally normative, then by the norms of this culture I claim insanity.

by ARGeezer (argeezer@yahoo.com) on Mon Jul 21st, 2008 at 04:18:48 PM EST
[ Parent ]
he was pretty good - talking about all he's done as mayor of Anchorage to  help lower energy consumption and improve waste recycling.

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (jeromeguillet@yahoo.fr) on Mon Jul 21st, 2008 at 05:54:59 PM EST
[ Parent ]
I'm glad he has made positive contributions.  But absent his corruption scandals, Alaska would be a lock for the Republicans.  Another like this and the Dems might make it to 60 in the senate.  Then I could at least believe in the possibility of change.

If sanity be culturally normative, then by the norms of this culture I claim insanity.
by ARGeezer (argeezer@yahoo.com) on Mon Jul 21st, 2008 at 06:07:12 PM EST
[ Parent ]
by gk (g k quattro due due sette "at" gmail.com) on Mon Jul 21st, 2008 at 04:35:54 PM EST
[ Parent ]
This man is so wholly unsuited to be President that he is needing the entire tradmed water-carrying capacity just to keep him competitive. In some ways he makes even Bush look good.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Tue Jul 22nd, 2008 at 08:34:55 AM EST
[ Parent ]
It's time to start wondering whether he's certifiably senile.

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith
by Migeru (migeru at eurotrib dot com) on Tue Jul 22nd, 2008 at 08:48:26 AM EST
[ Parent ]
This

Interview with Robert Mabro

should raise a few hackles here.

by ChrisCook (cojockathotmaildotcom) on Mon Jul 21st, 2008 at 04:53:21 PM EST
[ Parent ]

So, it's irrelevant unless you are thinking 40 or 50 years ahead. But I will certainly be dead by then...

His most coherent argument.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (jeromeguillet@yahoo.fr) on Mon Jul 21st, 2008 at 06:01:59 PM EST
[ Parent ]
Hackles - not heckles....

...as it duly did.

by ChrisCook (cojockathotmaildotcom) on Mon Jul 21st, 2008 at 07:26:25 PM EST
[ Parent ]
It generated neither anger nor animosity, just a bug gallic shrug.

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (jeromeguillet@yahoo.fr) on Mon Jul 21st, 2008 at 07:56:24 PM EST
[ Parent ]
I have seen it referred to as "The first gaffe of Obama'a foreign tour is made by McCain!"  Perhaps McCain thinks we can collapse Iran into a line that then could constitute the "Pakistan-Iraq" border.  At least then we wouldn't have to "Bomb, bomb, bomb,bomb Iran."

If sanity be culturally normative, then by the norms of this culture I claim insanity.
by ARGeezer (argeezer@yahoo.com) on Mon Jul 21st, 2008 at 06:14:21 PM EST
[ Parent ]
Interview with Robert Mabro
Some other people would say that oil, along with wheat and some metals, remains more attractive than other investments in the financial markets. And we know that the people who lead these markets are financial institutions, the banks and the hedge funds. They are the leaders. So the paradox is that, consciously or unconsciously, the determination of the oil price has gone away from the producers to the financial sector. It went away from the oil people to the non-oil people.

So is there anything that could stop the oil price from rising in the coming year?

Yes, of course. A bubble has formed. We know one thing about bubbles, and that is that they burst. When, I don't know. It could be tomorrow, it could be in four years' time.

-skip-

My argument is that the futures market for oil is only partly an oil market, because it is also a financial market. People buy and sell a financial instrument, which is called a futures contract.

Seems to me like an argument for placing limits on "investment" by retirement funds in commodities such as oil and wheat.

If sanity be culturally normative, then by the norms of this culture I claim insanity.

by ARGeezer (argeezer@yahoo.com) on Mon Jul 21st, 2008 at 10:36:01 PM EST
[ Parent ]

Seems to me like an argument for placing limits on "investment" by retirement funds in commodities such as oil and wheat.

it would be if it were correct, which it is not.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (jeromeguillet@yahoo.fr) on Tue Jul 22nd, 2008 at 06:12:35 AM EST
[ Parent ]
Jerome a Paris:
t would be if it were correct, which it is not.

Certainly participation in the futures markets by investors/ speculators has no effect on market prices.

So the US politicians/regulators in particular are barking up the wrong tree IMHO.

But I don't see how you are able to categorically rule out a bubble element via the OTC market, whether through structured finance or otherwise.

No-one knows, because the mechanisms fo find out simply do not exist.

 

by ChrisCook (cojockathotmaildotcom) on Tue Jul 22nd, 2008 at 06:33:11 AM EST
[ Parent ]
Ha'aretz | 22.07.08
The United States security coordinator for the Israeli-Palestinian conflict, retired general James Jones, is preparing an extremely critical report of Israel's policies in the territories and its attitude toward the Palestinian Authority's security services.

A few copies of the report's executive summary (or, according to some sources, a draft of it) have been given to senior Bush Administration officials, and it is reportedly arousing considerable discomfort. In recent weeks, the administration has been debating whether to allow Jones to publish his full report, or whether to tell him to shelve it and make do with the summary, given the approaching end of President George Bush's term.

Nothing new here, of course, but as it's a U.S. report it will be interesting to see the presidential candidates' response, if any.
by gk (g k quattro due due sette "at" gmail.com) on Tue Jul 22nd, 2008 at 02:59:48 AM EST
[ Parent ]
THIS, THAT, AND THE OTHER
by Fran (fran at eurotrib dot com) on Mon Jul 21st, 2008 at 03:07:03 PM EST
Life in the fast lane, with police approval, in Poland - International Herald Tribune

LODZ, Poland: People drag-race on the main avenue here in broad daylight, and the police just stand by and watch. That is, until the commissioner steps up to hand trophies to the winners.

Gleaming BMW M3 sports cars mingle with souped-up speedsters incognito in the form of stubby Fiats - and everything in between.

"Are you kidding me? Suzuki never made a blue engine," one of the organizers shouted, after popping a car's hood during the prerace inspection.

A newly flush Poland has a new hobby, cars, and the faster the better. Nowhere is that more clear than here in the country's second most populous city, where municipal officials struggled in recent years to deal with an explosion in the number of illegal races on public streets and a raft of complaints from residents nearly driven off the road by them.

by Fran (fran at eurotrib dot com) on Mon Jul 21st, 2008 at 03:13:57 PM EST
[ Parent ]
Thousands injured by 'toxic gas from Chinese sofas' - Times Online

Thousands of people who suffered severe allergic reactions after sitting on their sofas were victims of a toxic gas emitted by an anti-mould agent, a study has concluded.

Hospitals across northern Europe have treated thousands of patients with symptoms which appeared to range from skin cancer and chemical burns to severe eczema.

The British cases have been linked to an estimated 100,000 sofas sold by Argos, World of Leather and Walmsley Furnishing manufactured in China by a company called Linkwise.

A study in Sweden has concluded that the skin conditions were a reaction to the gas created during the sublimation of a chemical called dimethyl fumarate. Sublimation is the conversion of a solid to a gas without passing through a liquid state.

Sachets containing crystals of the chemical were placed between the cover and foam of the sofas to prevent mould developing during shipping.

[Murdoch Alert]
by Fran (fran at eurotrib dot com) on Mon Jul 21st, 2008 at 03:21:48 PM EST
[ Parent ]
BBC NEWS | Africa | Dakar rallies Scrabble contenders
Senegal may conjure up images of the singer Youssou N'Dour, the Dakar rally or perhaps the football team's successful 2002 World Cup display.

Yet for Ndongo Sylla, his home nation is just another word that can be rearranged in different ways - whether that be 'agneles' (lambed), 'glanees' (gleaned), 'langees' (nappies) or 'sanglee' (strapped).

Sylla, 29, is that Senegalese rarity - a world champion - whose titles have come in Scrabble, a board game where competitors score points by forming words from individual lettered tiles.

He is competing in the 37th Francophone Scrabble World Championships, which are taking place in Senegal this week.

by Fran (fran at eurotrib dot com) on Mon Jul 21st, 2008 at 04:00:04 PM EST
[ Parent ]
Animal pharm: prozac for pets - Americas, World - The Independent
Depressed dachshunds and anxious alsatians can now get their paws on a little pooch-me-up - thanks to the US drugs industry.

Back in the day - before Paris Hilton carried a pooch in her handbag, before professional dog-walking was a serious career, and before "doggy day-care" even existed - the most popular cure for an unhappy canine was, as the nursery rhyme goes, to give the dog a bone.

How times have changed. A surge in the popularity of household animals, coupled with the licensing of several new veterinary drugs, is seeing thousands of American dog owners replace comforting marrow-bones with a chemically enhanced modern alternative: Pet Prozac.

Lifestyle drugs to treat troubled canines for depression, anxiety, bad behaviour and even obesity are being launched by pharmaceutical firms anxious to cash-in on the nation's booming love affair with man's best friend. Most of the new pills are almost identical to those popped by humans - and some are proving very controversial indeed.

This month, the American Veterinary Medical Association's (AVMA) annual convention in New Orleans, attended by more than 10,000 of the country's leading vets, saw a heated debate about the doggie anti-depressants Clomicalm and Reconcile, and a product called Slentrol - the world's first canine anti-obesity pill.

by Fran (fran at eurotrib dot com) on Mon Jul 21st, 2008 at 04:02:37 PM EST
[ Parent ]

Boeing: Boeing, Qatar Announce C-17 Globemaster III Order

ST. LOUIS, July 21, 2008 -- Boeing [NYSE: BA] and the government of Qatar signed an agreement on July 21 for the purchase of the C-17 Globemaster III airlifter to provide new strategic-airlift mobility capabilities for the Qatar Armed Forces (QAF). Qatar will sign a Foreign Military Sales agreement for contractor logistics support with the U.S. Air Force.

Boeing will begin deliveries from its Long Beach, Calif., C-17 factory, in summer 2009.

Qatar ??? What in hell they need that huge plane for?
The only thing I can imagine is the stack of dollars they gain from oil and gas...

The struggle of man against tyranny is the struggle of memory against forgetting.(Kundera)

by Elco B (elcob at scarlet dot be) on Mon Jul 21st, 2008 at 04:16:36 PM EST
[ Parent ]
Perhaps the Emir needs to move a solid gold rolls royce about?

Interviewer: What do you believe is behind this recent increase in terrorist bombings? Helpmann: Bad sportsmanship
by ceebs (bunchofwankers (at) gmail (dot) com) on Mon Jul 21st, 2008 at 04:36:12 PM EST
[ Parent ]
I don't know about gold, but I don't read your comment as a joke.

you are the media you consume.

by MillMan (millguy at gmail) on Tue Jul 22nd, 2008 at 02:37:38 AM EST
[ Parent ]
I'm not 100% certain it is either

Interviewer: What do you believe is behind this recent increase in terrorist bombings? Helpmann: Bad sportsmanship
by ceebs (bunchofwankers (at) gmail (dot) com) on Tue Jul 22nd, 2008 at 04:53:27 AM EST
[ Parent ]
Do they get military aid from the US?
by Colman (colman at eurotrib.com) on Tue Jul 22nd, 2008 at 03:06:01 AM EST
[ Parent ]
KLATSCH
by Fran (fran at eurotrib dot com) on Mon Jul 21st, 2008 at 03:07:38 PM EST
BBC NEWS | Americas | Chavez offers to hug Spain's king

Venezuelan leader Hugo Chavez has offered a hug to King Juan Carlos of Spain - who famously told him to "shut up" during a row last year.

The left-wing president, who will visit Spain later this week, said he had already "turned the page" on the spat.

"I'd like to give the king a hug, but you know, Juan Carlos, that I am not going to shut up," Mr Chavez said.

The incident made global headlines last November - inspiring jokes, songs and even mobile phone ringtones.

by Fran (fran at eurotrib dot com) on Mon Jul 21st, 2008 at 03:12:33 PM EST
[ Parent ]


In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (jeromeguillet@yahoo.fr) on Mon Jul 21st, 2008 at 08:03:14 PM EST
[ Parent ]
Not. Honesty is the best policy.

It is a bit of a joke that I find this on ET, not an American site.

by afox (afox at rockgardener dott com) on Tue Jul 22nd, 2008 at 08:46:56 AM EST
[ Parent ]


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