Whew! News was breaking out all over today. Here are some of the items that caught my eye. Please add others you saw in “Comments”.
❖Iceland shines. “While much of Europe wallows in recession, the economy of this volcanic island in the mid Atlantic is growing at a clip that has surprised many people, thanks to a currency fall – in which the crown lost almost half its value to the euro – an export and tourism boom as well as growing consumer confidence.” It’s anticipated Iceland’s GDP will grow at 2.6% this year, better even than Sweden. Iceland did have to impose some austerity measures, but they were carefully phased in. Huge street protests that rocked Iceland during the crisis no doubt spurred a more rational, less painful approach to resolving the country’s fiscal crisis.
❖Heading into the May 6th elections in Greece, “the young leader [Alexis Tsipras] of the Left Coalition party is urging Greeks to vote out austerity – and the two pro-bailout parties imposing it – arguing Europe cannot afford to kick Greece out of the monetary union.” “The rise of anti-bailout parties ” . . . is being watched with nervousness by European leaders and the IMF . . ..” By no means does this indicate smooth sailing ahead, though, as the Greek far-right has become quite active leading up to the elections “with blunt promises to ‘clean up’ the country”.
❖Headlines proclaim that Spain entered a recession in the 1st quarter of 2012. This followed on the heels of Standard & Poor’s downgrade late last week, and a record unemployment rate moving toward 25%. Experts’ prognostications are gloomy, and opposition to the Austerity measures is mounting, with large street protests.
❖The International Labour Organization has raised the alarm about global unemployment, citing austerity measures and warning that slow economic growth and expanding numbers of people reaching employment age are major factors in an increasing crisis.
❖Student protests in Quebec over proposed increases in student fees have become so effective that Premier Charest has announced the Liberal Party of Quebec will hold its annual convention in Victoriaville, about 105 miles east of Montreal, where the meeting was originally scheduled to be held.
❖YPF, the Argentine oil firm, intends to “keep delivering liquefied natural gas (LNG) to customers” even though the Spanish firm, Repsol, cancelled such deliveries. Of course, Repsol no longer owns the controlling interest in YPF, Argentina having expropriated 51% its shares, thus “wiping out Repsol’s 57.4% majority stake.”
❖In Mexico, journalist Regina Martinez, who had covered crime for a weekly news magazine for ten years, “was found in her home in Xalapa on Saturday, apparently beaten and strangled to death.” She’s one of “more than 40 journalists killed or disappeared since President Felipe Calderon took office.”
❖And the search continues for French journalist Romeo Langlois, who has been missing since Saturday after FARC engaged Colombian soldiers who were attempting to destroy a cocaine lab. Apparently Langlois, who was wounded in the arm from gunfire, was taken prisoner by FARC and disappeared with them back into the jungle.
❖Apologies–that’s it for this? In 2000, 39 fishermen in Colombia’s Magdalena region were gunned down by 60 far-right paramilitaries. Colombia’s army delayed entering the towns where the killings occurred for four days after the killings had begun. Today, a Colombian court ordered the country’s security forces to apologize for failing to halt the executions. The paramilitary leader held responsible for the murders, btw, was sentenced to 47 years in prison but hasn’t spent a single day there since he was “extradited in 2008 to face drug charges in the U.S.” Ah, yes, the War on Drugs.
❖An aide to ex-President Uribe of Colombia has been ordered to testify in a U.S. courtroom about the murders of unionists allegedly by paramilitaries paid by AL-based Drummond mine company.
❖We will reclaim our rights. Last year in TX, Republicans passed a law which cut off state funds to organizations “affiliated with abortion providers”. In response, eight Planned Parenthood clinics that don’t provide abortions sued. And today, a federal judge ruled “there is sufficient evidence that [the] law banning Planned Parenthood from the [TX Women's Health Program] is unconstitutional [and he] imposed an injunction against enforcing it until he can hear full arguments.”
❖And it’s happening in OK, too! Today the OK Supreme Court “ruled that an inititiative petition that would grant ‘personhood’ rights to human embryos is unconstitutional.”
❖This is a goody. After he accused the Girl Scouts of being a radical organization promoting teh “homosexual lifestyle” back in February, Indiana state Rep. Bob Morris (Republican–as though anyone couldn’t guess) has received one–count ‘em 1–campaign donation. Way to go, Bob; please keep up the good work.
❖Imagine: electricity and clean water too–both from a single source! Eole Water of France is currently testing turbines that not only produce electricity, but also “up to 1,000 liters of clean drinking water per day” as well. The company is first targeting areas in Africa, Latin America and Indonesia where water is scarce.
❖A study of Emergency Room treatment of children with abdominal pain has yielded disturbing results. Not only were black and Hispanic children in the ER for longer periods of time than white children, but “Black children were 39 percent less likely to receive pain medications than white children”. More research is needed to discover the causes of these discrepancies–including whether black children don’t complain as much because their parents don’t (as documented in various earlier studies).
❖Wisconsin’s beleaguered Gov. Scott Walker’s campaign headquarters is in an undisclosed location. Not only that, but his schedule is not posted, fundraisers not announced, his appearances at out-of-state events not published and his main campaign office is a PO box. All this secrecy is necessary, you see, because of “some of the ridiculousness of the absurd protestors.” The article didn’t mention whether Walker also has a man-sized safe.
❖Oh, those teasin’ tea-partiers! “[S]wept into Congress on a wave of anger over government-funded bailouts of banks”, Tea-Partiers have since collected mucho bucks from those same bailed-out banks. JP Morgan, BofA, Citi, Wells Fargo and, of course, Goldman Sachs “have distributed $169,499 through March 31 to the campaign coffers of the 10 freshman Tea Party-backed lawmakers on the House Financial Services Committee . . ..”
❖At last, one of our oldest (and most distant) relatives has been recognized and properly enshrined on the Tree of Life.




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TEFM (Too Expensive For Museums): Sale of “The Scream” could top auction record
How bad are the people who Tim Geithner brought with him to Treasury? This bad.
Forward!
TYPO ALERT:
I think you mean the headline to read “Roundup for April 30, 2012″
Thnx–reported to The Boss.
Amazing amount of stuff, allan. Wish you’d work up “The Highlights from . . . “. Thnx.
faster:
Great job on the news desk! That piece on the Greek Far Right was big news to me.
Yeah, that Far Right news gave me the chills, too.
And thnx for the compliment.
People around the world are beginning to realize that none of the emperors have any clothes. Knaves, fools and scoundrels run the world.
Thanks for the Niceland update the only country that did the right thing arrest the bankers and tell investor sorry you lost money but to bad.
Je pense le HP en France est pour a victoire par Sarkozy.
Live from Paris
http://www.huffingtonpost.fr/2012/05/01/1er-mai-defiles-meetings_n_1466532.html?ref=france
EPA crucifying Energy folks
Good morning pups. I posted this downstairs in EPU-land by mistake, and am reposting it here.
On the student protests in Quebec, where I live. They are absolutely remarkable, and have taken the government and everyone else, including me, by surprise. To begin with, their public relations have been outstanding. They invented a small insignia — a little square red patch the carré rouge to identify themselves and the movement. In recent weeks, many adults, including myself have taken to wearing them. OWS could learn from this little trick. The second is mass demonstrations. They had between 100,000 and 200,000 students on the street last month. This is the largest demonstration in Quebec history (the local MSM virtually ignored this latter fact). Although there have been some windows broken by a handful of anarchists, the student’s discipline has been exceptional, and they have worked to stop the violence.
I was initially neutral in this dispute, which raises its head every couple of years when the government tries to raise fees, which have been effectively frozen since 1970, and are now the lowest in North America. The obvious case for raising them is to keep up with inflation. But about a month ago I was asked to participate in a public debate on the issue as a defender of the pro-student side. I did what you have to do in such circumstances: I went through all the arguments advanced by the government and those who support the increase and discovered that they were all wanting — that is to say, they could not be logically defended, either because they were utter economic nonsense, or because they reduced to a simple claim that income should be redistributed from the relatively poor to the relatively rich. For those who assert that better-off families are getting a free ride I suggested a simple method to handle that (doubtful) claim: keep the actual tuition that students pay at its actual level, set a notional ‘true’ tuition, and make the difference a taxable benefit and fold the whole thing into the income tax. It’s not that much different from what Universities do when they charge a high tuition, and then grant ‘scholarships’ to students based on income.
When you look through the case for throwing the burden on the current generation of students, it simply doesn’t hold up. The same point holds in spades for the American case.
Fascinating! Many thanks for this, and certainly for rescuing it from epu-land.
My thoughts, too. What Iceland did was very difficult, yet it yielded the best results for the populace at large. Yet we have rightwingers who swing by here regularly Lecturing us DFHs on how absolutely *horrid* things are in Iceland, and how we, in these United States, are so much “better off” than them.
By whose measure? Who is actually “better” in the 99%? Those in Iceland? Or in Team USA?
Good going to Iceland. Maybe what they did will have some good repercussions for others.
Thanks for those insights. I was wondering.
Mais non! Sacre bleu!
Testifying at the John Edwards trial, the wife of Edwards’ trusted assistant, Andrew Young, testified and confifrmed that her husband WAS going to say Edwards love child was his. She broke in to tears when she admitted what a total dumbass her husband was. “Bro’s before ho’s” is one thing. But this guy was just a chump.
Iceland’s economy is doing well thanks to a currency fall. This got me to thinking (always dangerous).
The U.S. has been crowing about how the sanctions on Iran have cut the value of their currency in half thanks to “crippling sanctions.” How is “isolated” Iran’s economy doing given all this American financial aggression?
Guess what: Iran’s GDP per capita income based on purchasing-power-parity has more than doubled in ten years and is headed upward. The US? Not so good. Perhaps we need crippling sanctions.
edit
those are pre sanctions figures aren’t they?
Iran has been sanctioned for thirty years.
news report: Hillary Clinton travels to China amid row over Chinese dissident Chen Guangcheng. In background, the U.S. has taken an active “NGO” hand in China in this matter, behavior that resulted in big problems recently in Egypt.
Of the $100 million taxpayer’s money that the National Endowment for Democracy grants to various organizations, China Aid receives $75,000. “To promote religious freedom in China. China Aid will provide legal aid in select cases, and publish the Chinese Law & Religion Monitor, a semi-annual journal containing analysis and documentation of religious issues and human rights abuses, particularly concerning religion.”
Bob Fu is founder and president of the China Aid Association. “Chen is my hero and friend.”
Initiatives for China gets $85,000 from NED. “To promote inter-ethnic understanding, mutual trust, and cooperation among pro-democracy activists from different ethnic groups in China. Initiatives for China will organize an inter-ethnic conference with conflict resolution workshops and panel discussions on democracy, human rights, and religious freedom.”
Yang Jianli is founder and president of Initiatives for China. “Chen’s escape was heroically assisted by our fellow activists He “Pearl” Peirong and Guo Yushan.”
If we sanctioned ourselves we could restrict imports, protect local manufacturing and business, balance our “balance of trade”, strengthen the dollar.
Why hasn’t any body thought of this before??????
also @ don….that blind guy escaping from prison in China… THAT’S IMPRESSIVE. Last night, I stubbed my toe really bad just walking to the bathroom to pee in my own house.
Thnx so much for all this information, donbacon. Do you know if the interest in promotion of religious freedom in China extends to Buddhism, and, in particular, TIbetan Buddhism? Thnx in advance for any further info you might have.
You’ve got it! The sanctions are making Iran more self-reliant while decreasing the prices of their exports, which apparently is good for Iranians. Meanwhile they are reducing the use of dollars as a global reserve currency by the use of other currencies (the Yuan and Rupee, primarily) and barter.
Talk about stubbing one’s toe!
You’re welcome, but I don’t have any further info. All I know I learned from google.
Regarding Chen, he wants to stay in China so I imagine he’ll go right back to house arrest minus a couple of fingers. Normally I wouldn’t say “poor Hillary” but in this case she’s caught between a rock and a hard place. I hope the Chinese don’t hurt her too badly. On second thought . . .
Chen was under house arrest, not in prison. He went over a wall, supposedly, and got a lift from a friend.
A lot of the younger bankers went back to hardscrabble fishing and rejoined their families in the hinterlands, minus the BMW. Part of growing up, I suppose, and I’d bet they’re happier now.