Europe’s Piecemeal Volcano Reaction

Wednesday, April 21st, 2010

It’s no surprise that the issue dominating European news over the last week has been the fallout – in the literal sense – of the Icelandic volcano eruption that has paralyzed most of Europe as an air-flight originator and destination. What has been the surprise is the substantial and expensive impact such an unexpected natural phenomenon had on the very fabric of the economy and other aspects of European life.

Naturally, now that previously-shut airports throughout the continent are gradually starting to resume operations, the sentiment of “Never again!” is taking hold as eyes are cast about in the search of people to blame. In such situations, the temptation becomes overwhelming to avoid having to point fingers by simply blaming a machine, in this case the computer simulation that supposedly was the sole basis for shutting down flight operations once the volcano-ash started to spread. Various aircraft that the European airlines sent up to test actual conditions – including one reportedly dispatched by British Airways with CEO Willie Walsh, a trained pilot himself, aboard – encountered no problems or damage, so that has to constitute conclusive evidence that the flight-bans were panicked overreactions. (more…)

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Heading for the Exits

Saturday, November 1st, 2008

Back to the subject of Iceland, which holds the doubtful distinction of occupying the current financial crisis’ leading-edge of economic suffering. As the FT recently reported, that country’s monetary authorities have now had to raise interest rates for the Icelandic krona to a record 18% as one condition for receiving what is still a “proposed” $2 billion loan from the International Monetary Fund. The future will seemingly bring a 10% contraction of the economy there, with simultaneous 8% unemployment and 20%-plus inflation.

I’m afraid I do not possess the skills in Icelandic to start investigating that country’s on-line press to look deeper into this mess that way. But there’s at least some interesting coverage from the Czech Republic’s leading general-interest quality daily, Mladá fronta dnes, in the form of an article Alarmed by the crisis, a third of Icelanders consider moving out of the country. (more…)

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Putin for Obama

Thursday, October 23rd, 2008

The US presidential election is coming up soon, less than two weeks away. That means, among other things, that it’s endorsement season now, and lately those have taken somewhat of an international flavor. You might have already heard about al-Qaeda’s “endorsement” of McCain – perhaps I’ll have the opportunity to write more about that soon. As such, that nod of terroristic approval goes counter to pretty much the whole rest of the world, which prefers Obama as next US president by about a four-to-one margin. (But you’d sort of expect that Osama bin Laden and his henchmen would be inclined to go against the grain, now, wouldn’t you?) More conventional is Russia’s choice, or at least Russia’s seeming choice, as reported by Per Dalgård in the Danish opinion weekly Information (McCain asks Russia for help). (more…)

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