Remaining Charlie Hebdo Trifles

Tuesday, January 13th, 2015

I was leafing through Le Monde earlier (in a social-media type of way) and a couple more trifles concerning the Charlie Hebdo attacks last week and/or the massive marche républicaine on Sunday caught my eye.

CharlieHFirst, it’s good to see comment from such a good source on the parade of free-expression hypocrites that Sunday’s demonstration marche quickly became, in a nice piece entitled The embarrassing ones invited to the march. For one thing, the Le Monde staff (no byline) quotes from the Reporters Without Borders (RSF) communiqué about the march:

In the name of what did the representatives of regimes who are predators of freedom of the press come to parade in Paris in homage to a newspaper which always defended the highest conception of liberty of expression?

The piece goes on to list the RSF press-freedom rankings (180 = worst) of some of the leaders marching there: 98 (Gabon), 118 (UAE), 141 (Jordan), 148 (Russia) 154 (Turkey) and 159 (Egypt).

It all may make you want to ask . . .

VraiCharlie
“Who is a Real Charlie?” Well, it may be getting rather late for that . . . but anyway, this Le Monde piece is glad to adopt (at least for now) the solution Buzzfeed proposed, namely those newspapers willing to publish on their front pages (and/or at the top of their websites) the Mohammed cartoon that will be on the cover of the next edition of Charlie Hebdo (you see it at the top of this post) are the only true “Charlies.” (more…)

Digg This
Reddit This
Stumble Now!
Buzz This
Vote on DZone
Share on Facebook
Bookmark this on Delicious
Kick It on DotNetKicks.com
Shout it
Share on LinkedIn
Bookmark this on Technorati
Post on Twitter
Google Buzz (aka. Google Reader)

Same As The Old Boss?

Tuesday, January 6th, 2015

Let’s start this New Year out with a success-story: Tunisia. Famously, this is the land that, so far, has emerged in best shape from the Arab Spring. That is not to say that it is not making some peculiar-looking political choices.

Tunisia
The fellow you see in the picture there is Mohamed Beji Qaid Essebsi, sworn in just last December 31 as Tunisian President after having won a free and fair election for the post in November. He does have links to the regime of ousted dictator Ben Ali, but that was only as Tunisia’s ambassador to Germany, and then one year as as President of the country’s lower house of parliament.

Indeed, even before that Essebsi worked closely with Habib Bourguiba, considered the father of the modern Tunisian state as it emerged independent in 1957 from French colonial rule. This fact indirectly points to what is the main questionable thing about President Essebsi for the outside observer: he 88 years old. That has to be some kind of record for the age of a head of state freely chosen by a general election.

But OK, so the people of Tunisia chose a President who might soon turn out to need replacing, from sheer natural causes: the important thing is that they did choose him. The point of the tweet is not really about the new Tunisian President, Mr. Esebbsi, but rather the proposed new Prime Minister, and this official is not chosen directly by the people but rather by the party that forms the government, which presently is called Nidaa Tounès. The vice-president of that party just announced its choice, a certain Habib Essid, 65 years old. “What we have here is an independent personality,” the VP told the press, “with competences and experience,” particularly “his knowledge in the area of security.”

A Torturer’s Knowledge of Security?

Well I should say so: Mr. Essid was the number-two official in the Ministry of the Interior of ex-dictator Ben Ali at the time of his overthrow in 2011! Just as a reminder, that is the Ministry in charge of the police, and all that the police were allowed to do to people back during what was President Ben Ali’s repressive, authoritatian state.

Now, the fact that Ben Ali was overthrown – in fact, relatively quickly and easily, especially when you compare his situation with Bashar al-Assad’s in Syria – might indicate that Mr. Essid was not so effective in his job. Of course, this Le Monde piece also notes that he was also the first Minister of the Interior right after the Revolution succeeded, so he was obviously acceptable to the new regime for some reason – perhaps he played some double-role from his powerful position within the Ministry of the Interior to help it succeed.

For now, we don’t know: there’s no further background here on just what was Essid’s role in the Revolution. All we are left with – for now – is a new Tunisian state getting off the ground democratically while having to rely so much on pre-revolutionary governing expertise that its two most powerful positions are likely to be filled by, on the one hand, an 88-year-old, and, on the other, a former high-ranking policeman in the service of the deposed dictator.

Digg This
Reddit This
Stumble Now!
Buzz This
Vote on DZone
Share on Facebook
Bookmark this on Delicious
Kick It on DotNetKicks.com
Shout it
Share on LinkedIn
Bookmark this on Technorati
Post on Twitter
Google Buzz (aka. Google Reader)

Brazen North Korean Cheek

Saturday, December 20th, 2014

Verily, it’s an unpleasant sight in general, that of Kim Jong-Un laughing it up with his lackey Army generals.

KimJongUnlaugh
It’s all the more disagreeable considering what the North Korean dictator and his hacker army have recently accomplished. You’re surely aware of what happened with SONY Picture’s upcoming movie “The Interview,” but have you seen this as well?

DNKDisclaimer
But wait: there’s more to drive Kim Jong-Un and his minions into absolute hysterics! The North Korean government has now begun to deny its involvement in the SONY Pictures hack – before, it had been deliberately vague on the subject – but has not stopped there. Here’s the statement released today by some government minister, as reported by the French 20 Minutes newssite:

Since the United States is spreading allegations without foundation and defaming us, we want to propose a joint inquiry. Without going so far as to resort to torture, as the American CIA has done, we have the means to prove that we had nothing to do with the incident.

That allusion to CIA torture was sly, no?, but the American government has simply brought that upon itself – and no, not by releasing that executive summary of the Senate Intelligence Committee’s Torture Report, but by committing the torture in the first place.  “Contrary to American values” and all that . . .

Apart from this, though – it’s the OJ Defense once again! “What, me, guilty? Perish the thought! In fact, I am so innocent that I am dying to assist you in an investigation to find the true culprit!”

Now add to that some additional reporting from Le Monde of the North Korean government coupling this with threats of “grave consequences” for the US should it continue insinuating Pyongyang’s guilt. Le Monde:

[North Korea] promised Saturday to boost its nuclear capabilities in response to Washington’s hostile policy, arguing that it had become clear that the US has as its goal an invasion of North Korea under the pretext of non-respect of human rights.

That is some Grade-A chutzpah, there.

Digg This
Reddit This
Stumble Now!
Buzz This
Vote on DZone
Share on Facebook
Bookmark this on Delicious
Kick It on DotNetKicks.com
Shout it
Share on LinkedIn
Bookmark this on Technorati
Post on Twitter
Google Buzz (aka. Google Reader)

Bosses’ Ras-Le-Bol

Friday, November 7th, 2014

Truly, it is the Autumn of Discontent in Europe. That’s why that phrase up in the headline might be a handy one to learn. It’s French of course: ras-le-bol, or “enough” as in “I/We’ve had enough!” People are unhappy with their governments and are taking to the streets. Just yesterday marchers representing Belgian unions flooded through downtown Brussels, while a minority topped off the day by setting fire to cars and skirmishing with the police. Such demonstrations are set to continue there today, while the Antwerp dockworkers and their local labor brethren are set to do the same there on November 24th.

Now that we’re talking about protesting crowds flooding the streets, the French surely cannot be far behind. Things are not going very well there economically either, and sure enough:

RasLeBol
Even if you don’t know French, you can make out the word décembre there: they’re going to hold their fire until December. But wait: the next words after that are le patronat, and that means “bosses,” not “workers.” (And indeed, that fat-cat in the suit there does not look very proletarian.)

But things are going bad for these guys, too, at least according to the vice-president of one large (French) employers’ organization (Medef), Geoffroy Roux:

One SME boss kills himself every two days, the treasuries are bone-dry, business bankruptcies are up and the government adds practically every day a little tax here, a measure increasing complexity there, so there is really a sense of “Enough!” [ras-le-bol!].

The plan is for things to truly go down on 1 December, when most of the various French employers’ associations are calling upon small business-owners to “hit the streets,” both in Paris and in Toulouse. But really: can it be true that French bosses will display their anger with the same sort of mass demonstrations (with occasional violence) that working-class organizations use?

That M. Roux I previously quoted declared in a TV interview that, yes, “some will perhaps hit the streets” on 1 December, but that there will also be meetings and témoignages, which literally translates as “testimonials.”

There’s another way these business organizations will mobilize to get what they want, too. M. Roux does not include it in his list, but the Le Monde writer (uncredited) does give it a mention: stepping up their institutional lobbying.

Digg This
Reddit This
Stumble Now!
Buzz This
Vote on DZone
Share on Facebook
Bookmark this on Delicious
Kick It on DotNetKicks.com
Shout it
Share on LinkedIn
Bookmark this on Technorati
Post on Twitter
Google Buzz (aka. Google Reader)

Why Can’t They Eat Cake?

Saturday, September 13th, 2014

You might be aware of the sensational book recently published (SEP 4) in France, written by Valérie Trierweiler. She is the former “First Lady” – except that she and French President François Hollande weren’t married, he has never been married – who was rather unceremoniously booted out last January after Hollande took a fancy to a younger, blonde actress and started departing the Elysée Palace on the sly – and on a scooter – for their assignations. Trierweiler has now shown how she had plenty of dirt to dish on her presidential ex-lover, and the French political scene is still recoiling in shock from her revelations.

But it has been one of those in particular that has struck a special chord among the public. In her words (my translation, as usual):

He [Hollande] has presented himself as the man who doesn’t like the rich. In reality, the president doesn’t like the poor. He may be a man of the Left, but in private he refers to the “toothless ones” [les sans-dents], very proud of his sense of humor.

Lord knows what particular train of thought led Hollande to come up with this particular expression. But perhaps it has a certain historical element: there was a similar term during the French Revolution for the uneducated masses – the rabble, if you like – who made up the vast majority of both the revolutionary mobs and of the French national armies which would go on to conquer most of Europe. That was sans-culottes, or those without culottes which were the sort of silken “knee-breeches” worn in that period by middle-class men and above.

Naturally, Hollande never intended this particular pet phrase of his to get out to the public. But now it has anyway, all thanks to the woman he spurned, and you can bet he is mortified about it. All the more since the phrase has in turn been taken up by that widespread – and growing – segment of the population that has grown tired of both this president and his policies. As we see here:

SansDents
“The Toothless: That’s Now!” it reads at the bottom there. And you’ll notice that the attractive lady at the forefront also seems to be wearing a red revolutionary’s cap from those heady days back at the end of the 18th century when the French aristocracy was being systematically beheaded. You have to hope that that seeming void inside her mouth – although necessary to make the point – was only Photoshopped. (more…)

Digg This
Reddit This
Stumble Now!
Buzz This
Vote on DZone
Share on Facebook
Bookmark this on Delicious
Kick It on DotNetKicks.com
Shout it
Share on LinkedIn
Bookmark this on Technorati
Post on Twitter
Google Buzz (aka. Google Reader)

Le Pen Fever – It’s Catching!

Wednesday, May 21st, 2014

So what’s your prescription, Doctor? But wait: this is an age-old politician speaking here, and a former French Legionnaire, but not any man of medicine:

LePen

Jean-Marie Le Pen, honorary president of the Front national (FN) and candidate in the European elections for the Southeast district, has some radical ideas for countering “the demographic explosion.” Radical, or infectious: “Monseigneur Ebola can take care of that in three months” is what he let loose with during a discussion on Tuesday, 20 May, before giving a speech [in Marseille].

Nasty! Hey, let’s just let some judiciously-applied epidemics take care of all those immigrants whom we don’t want in France! And the old goat is actually standing as a candidate in the upcoming French MEP election!

Still, I think that the key aspect of this Le Monde piece is that, during these Marseille campaign appearances, Le Pen was accompanied at the podium by his daughter, Marine Le Pen – who happens to head the FN these days, who is running for re-election to her own seat in the European Parliament and who – most importantly – did nothing to disavow her father’s statements!

Let’s face it: Jean-Marie himself is 86, and I’m told people run a higher risk of getting rather dotty at such an age. He’s been kicked upstairs to an “honorary” position at the FN, so that it’s clear he has no policy-making role there anymore. Now yes, the party did put him up as a candidate for an MEP seat, but nonetheless it’s easy to imagine how, with a little political finesse, the organization could dismiss and separate itself from these wild Ebola exclamations.

Maybe they will still do so; the incident happened yesterday, there’s probably still time. But certainly not if they wait until the French start voting on Sunday. In the meantime, the rest of us can only tip our hats in gratitude at the old codger for a timely reminder, just before the elections, of the essence of those various far-right parties from all over Europe who will be trying to get their candidates into the European Parliament in the coming days.

(Thanks to @ajboekestijn, on whose feed – rather than that of @lemondefr – I first caught notice of this.)

Digg This
Reddit This
Stumble Now!
Buzz This
Vote on DZone
Share on Facebook
Bookmark this on Delicious
Kick It on DotNetKicks.com
Shout it
Share on LinkedIn
Bookmark this on Technorati
Post on Twitter
Google Buzz (aka. Google Reader)

Tokyo Sex Strike

Saturday, February 8th, 2014

Those of you out there with a classical education will be familiar with Aristophanes’ play Lysistrata and its unique plot-device: the Lysistrata character is a sort of FEMEN warrior 2,300-years-before-the-fact, who persuades the woman of Greece to withold sex from their husbands until they agree to end the Peloponnesian War.

It’s good for a lot of laughs, and casts interesting light on the state of Athenian society in Aristophanes’ time. But surely you’d think such a trick is irrelevant in this modern age?

Time to think again, for it is quite current, and from an unlikely source.

TokyoSexStrike
Yes, it’s the women of Tokyo who are hot and bothered, but mostly in the political sense, and who are reaching back to Ancient Greek literature to try to push through a political objective. It’s a simple one, really: there’s a guy running in the elections for Tokyo governor tomorrow (9 February 2014) that they really don’t want to see win. He is Yoichi Masuzoe, a prominent politician in Japan since 2001 – in fact, a former government minister – and a scientist before that. Among his “scientific” observations was this one from back in 1989:

Females are not normal when they are having a period. One really cannot [when that is the case] let them make crucial decisions for the country, like for example whether to declare war or not.

(more…)

Digg This
Reddit This
Stumble Now!
Buzz This
Vote on DZone
Share on Facebook
Bookmark this on Delicious
Kick It on DotNetKicks.com
Shout it
Share on LinkedIn
Bookmark this on Technorati
Post on Twitter
Google Buzz (aka. Google Reader)

Massacre of Innocents

Friday, January 31st, 2014

You poor, sweet darlings . . . Let that be a lesson, never get mixed up with the big-time boys!

Libya_Goldman
We’re talking here about the Libyan Investment Authority (LIA), ready to go to court in London against Goldman Sachs, accusing it of taking on the LIA as a client, only to turn around and hoodwink it in a derivatives deal.

According to the Fund, which controls $60 billion, the bank is said to have “profited in an abusive manner from the LIA’s weakness” and to have pushed it to enter into nine derivatives transactions, with among others Citigroup, EdF [= Électricité de France], Santander and ENI [the Italian state petroleum company], with the goal of obtaining “substantial profit margins” from a total value of one billion dollars . . .

Due to the [economic] crisis, these transactions “lost almost all of their value” and expired in 2011, but the Fund estimates that Goldman Sachs nonetheless succeeded in obtaining a profit [i.e. for itself] of 350 million dollars.

What can one say here? For one thing, this case is being put forward for actions dating back to 2006, i.e. back when Qaddafi was Libya’s dictator, and I doubt there is anyone left ready to shed too many tears for his sake. What’s more, it seems Goldman plied the key Libyan decision-makers with expensive gifts, including luxury visits to Monaco.

Still, this sort of account cannot but reinforce the impression that Goldman operates on some variation of Groucho Marx’s old saw “I wouldn’t want to be part of any club that would accept me as a member,” only here it is “Anyone who would willingly be our customer must be rather stupid, so let’s take them to the cleaners!” Don’t take my word for that impression: that is exactly what has inspired so much resistance to Goldman’s current proposal that it purchase an ownership share in Denmark’s national energy company.

Digg This
Reddit This
Stumble Now!
Buzz This
Vote on DZone
Share on Facebook
Bookmark this on Delicious
Kick It on DotNetKicks.com
Shout it
Share on LinkedIn
Bookmark this on Technorati
Post on Twitter
Google Buzz (aka. Google Reader)

Oiling the Chinese Bureaucracy

Tuesday, January 21st, 2014

Granted, this is not something particularly calculated to arouse your sympathy, but Le Monde tells us today how the famed French hard alcohol company Rémy Cointreau – the result of a merger in the early 1990s between Rémy Martin and Cointreau – has fallen on hard times.

RemyC
Sales down 18.9% in IVQ 2013, down a total of 12.3% over the last three quarters of last year.

What seems to be driving most of this is a notable collapse in sales of the firm’s flagship Rémy Martin cognac: down 21% in that same April-to-December period. But it’s the hint as to why this is happening – contained in a link embedded within this article to another piece behind the Le Monde paywall – that is interesting. For sales are collapsing above all in China, where it seems a bottle of Rémy Martin is almost standard currency when it comes to “convincing” a local official to take some action in your favor. In other words, Rémy Cointreau is facing collateral damage from the People’s Republic’s current anti-corruption drive!

Look, don’t they teach these things at INSEAD, say? One must diversify one’s worldwide clientele of corrupt officialdoms! After all, there are so many to choose from!

Digg This
Reddit This
Stumble Now!
Buzz This
Vote on DZone
Share on Facebook
Bookmark this on Delicious
Kick It on DotNetKicks.com
Shout it
Share on LinkedIn
Bookmark this on Technorati
Post on Twitter
Google Buzz (aka. Google Reader)

Begging the Spying Question?

Wednesday, June 19th, 2013

The editors of Le Monde seem to have received advanced word on the content of President Obama’s big speech in Berlin later today. Let’s hope they’re wrong.

LeMonde_ObamaBerlin

“Obama will propose a reduction of the American and Russian nuclear arsenals.” Good news, right?

Well yes – but that’s really not the subject his audience is going to be interested in! You just might have heard of recent revelations of programs with names like “Prism” which involved massive spying by US authorities on the telephone and electronic communications of, basically, everyone, certainly including German citizens. As NYT columnist Roger Cohen quite clearly pointed out on Monday (“Obama’s German Storm”), due to their past the Germans are particularly sensitive about such abuses. They will certainly want to hear what Obama is going to do about this, and likely not about the latest warhead-number that will result if the President can get his way with whatever measure he wants to propose.

I know that preparation for such major speeches requires long lead-times, but nonetheless if his big Brandenburg Gate speech this evening does turn out to deal solely with nuclear armament matters, it will be the sorriest attempt at mass attention-diversion we will have seen for a long, long time. And you can bet it will not work on the Germans. I hope to be able to offer some after-the-fact coverage from the German press along those lines in this forum.

But so OK: Nukes

Still, for the sake of exercise let us take these reports at their word and consider the issue of nuclear arms reductions. The Le Monde article specifically declares that Obama’s proposal will include US “tactical” nuclear weapons still stored in Europe, where many are wondering why – given the current geopolitical situation there – they were not removed a long time ago. (more…)

Digg This
Reddit This
Stumble Now!
Buzz This
Vote on DZone
Share on Facebook
Bookmark this on Delicious
Kick It on DotNetKicks.com
Shout it
Share on LinkedIn
Bookmark this on Technorati
Post on Twitter
Google Buzz (aka. Google Reader)

Hey Mate, Just Es-Car-Go!

Thursday, May 30th, 2013

Certainly you’ve heard of french fries, but how about French leave (i.e. without permission, such as from the army) or French tickler (look it up)? Courtesy of Le Monde, we find that there’s a new concept of “French shopping” arising Down Under.

En Australie, le consul français a honte de ses touristes http://t.co/ozSrjNChY4

@lemondefr

Le Monde


“In Australia, the French consul is ashamed of his tourists.” So much so that this consul-general has issued an open letter pleading for better behavior, now that “French shopping” has become a by-word there for shoplifting. (Actually, the letter addresses French citizens residing permanently, asking them to set any visitors from the Home Country straight.)

The problem is a wave of French backpackers visiting Australia – 22,000 there at last count – many of whom don’t know how to behave themselves. While they are mostly there taking advantage of a one-year combined tourist/work visa that allows them to seek employment even as they explore the country, they’re also cultivating a reputation for drunken, loud behavior and, yes, petty pilfering. The low-light so far was the French guy who in January (the height of summer down there) apparently did something nasty to the Cenotaph memorial in Sydney honoring Australian war dead.

There is of course coverage of this new French plague in the Aussie papers themselves. For example, in his treatment in the Sidney Morning Herald writer Robert Upe brings forth the phrase “French nickers” – without any initial “k,” so don’t get too excited or yours in a twist, “to nick” is Commonwealth English for “to steal” (cf. US “to swipe”).

Digg This
Reddit This
Stumble Now!
Buzz This
Vote on DZone
Share on Facebook
Bookmark this on Delicious
Kick It on DotNetKicks.com
Shout it
Share on LinkedIn
Bookmark this on Technorati
Post on Twitter
Google Buzz (aka. Google Reader)

Keep Hands Off Merchandise!

Monday, March 11th, 2013

He’s a controversial figure. He has made many a wacky pronouncement in the past. He’s the lightning-rod for most of the opprobrium that currently heads Iran’s way over its alleged plan to gain a nuclear weapons capability – even though, as most commentators seem to miss, he holds quite limited power himself, even as President of the Islamic Republic.

Still, one of Mahmoud Ahmadinejad’s tasks in that capacity is representing Iran at public events outside the country, including most recently the funeral of Venezuelan leader Hugo Chávez. You could well imagine that that was an occasion at which the Iranian president truly wanted to be present – not a happy one, to be sure, but one celebrating the life of another political leader with whom he often made common cause in an anti-American capacity.

So he was there, alright. But he got into trouble:

Aux funérailles de Chavez, Ahmadinejad choque les conservateurs iraniens http://t.co/FHClQpUWkh

@lemondefr

Le Monde


What trouble? After all, all you can see by way of illustration if you click through to the Le Monde “Big Browser Blog” article is Mahmoud tearfully consoling some lady (who turns out to be Hugo Chávez’ mother).

But that’s just it – you don’t touch women in public if you’re a good Muslim! Indeed, some devout Muslim functionaries in the Netherlands (for example) even refuse to shake women’s hands, which can lead to awkward problems when they are supposed to meet with female cabinet ministers. So Ahmadinejad has gotten considerable push-back about this from back home, including angry denunciations from a couple members of the Iranian parliament, one of whom accused the President of “losing control” at the funeral.

The only response so far from the Ahmadinejad side is from his spokesman, who denies that the President embraced Chávez’ mother. I guess it all depends on your definition – calling Bill Clinton!

BTW to give credit where it is due, this Le Monde piece specifically credits a Le Huffington Post* article as its source. Yes, Arianna has expanded her empire there, but also to the UK (no-brainer), Italy, and Spain! Sharp-eyed EuroSavant fans will have noticed by now how I have incorporated pieces from those sources (but not the UK) into my Twitter-stream. Anyway, it says on its site that Le Huffington Post works “in association with the Le Monde Group,” so that sort of borrowing is perfectly alright.

* Special note for francophones and francophiles: Who knew that the “h” in “Huffington” would be aspirated?

Digg This
Reddit This
Stumble Now!
Buzz This
Vote on DZone
Share on Facebook
Bookmark this on Delicious
Kick It on DotNetKicks.com
Shout it
Share on LinkedIn
Bookmark this on Technorati
Post on Twitter
Google Buzz (aka. Google Reader)

From France to Romney: Gotcha!

Thursday, September 27th, 2012

Word on the ‘Nets is that that infamous “47%” video might well have been the coup de grâce that will ultimately ensure that Mitt Romney loses the 2012 presidential race. However, it never rains, but it pours: now another embarrassing Romney video has surfaced, and France’s Le Monde is all over it:

Une nouvelle vidéo embarrassante pour Romney http://t.co/TN2jw7ts

@lemondefr

Le Monde


This one shows Romney back in 1985, addressing employees of Bain & Co. at the time of the creation of Bain Capital, the Bain “private equity” subsidiary of which Romney was placed in charge.

Hopefully you’re curious, and you can simply click through to be able to check out this 1:21-minute-long clip yourself – helpfully, with a full English (not French) transcription appearing simultaneously along the bottom. (more…)

Digg This
Reddit This
Stumble Now!
Buzz This
Vote on DZone
Share on Facebook
Bookmark this on Delicious
Kick It on DotNetKicks.com
Shout it
Share on LinkedIn
Bookmark this on Technorati
Post on Twitter
Google Buzz (aka. Google Reader)

Get With the Twitter Program!

Monday, July 16th, 2012

From all the talk in recent years about Social Media, you would think media outlets (especially) would be quicker to use them.

Case in point:

Japan ambassador returns to Beijing amid territorial spat http://t.co/b6rSwGyl

@Reuters

Reuters Top News


“Territorial spat”: so now you have all sorts of fuss & bother about supposed rising tension on either side of the East China Sea, even though the Reuters article quotes the Japanese Foreign Minister denying that the temporary recall had anything to do with any disputed waters.

And well he might deny that:

LeMonde Unbearable tragedy: National mourning in #Japan as 1st #panda born there in 24yrs (@ #Tokyo zoo) dies http://t.co/bq5d6bdl

@EuroSavant

EuroSavant


As should be obvious, the ambassador had to return to receive detailed information and instructions for complaining to the Chinese about that mother panda they had provided to the Tokyo Zoo – clearly unable to produce a live offspring!

Digg This
Reddit This
Stumble Now!
Buzz This
Vote on DZone
Share on Facebook
Bookmark this on Delicious
Kick It on DotNetKicks.com
Shout it
Share on LinkedIn
Bookmark this on Technorati
Post on Twitter
Google Buzz (aka. Google Reader)

Executive Internet Power-Grab?

Monday, July 16th, 2012

Why haven’t we heard more about this?

Obama signe un décret controversé sur le contrôle d’Internet en cas de catastrophe http://t.co/k77uRyZy

@lemondefr

Le Monde


French words often are in similar form to their English counterparts, so you probably can make out the meaning here: this has to do with retaining control of the Internet in the event of some “catastrophe.” Specifically, President Obama signed a new Executive Order on the subject, back on July 10.

The Order is labeled “controversial” in that tweet, but I became aware of it in the first place only from that source and have not been able to find much additional discussion elsewhere. The President basically reshuffled the responsibilities assigned to various federal agencies should either some natural disaster or national security menace arise that threatens US communications. Such criticism as there is has focused on the Order’s section 5.2, which seems to give the Secretary of Homeland Security the power to seize and control private communications networks, e.g. the Internet.

This Le Monde article does provide a link to the tech-site The Verge, which was one media source that did mention this new Executive Order and critique it; you can go there for further explanation in English.

Digg This
Reddit This
Stumble Now!
Buzz This
Vote on DZone
Share on Facebook
Bookmark this on Delicious
Kick It on DotNetKicks.com
Shout it
Share on LinkedIn
Bookmark this on Technorati
Post on Twitter
Google Buzz (aka. Google Reader)

18-Month-Old Girl: Face of Terror?

Wednesday, May 16th, 2012

OK America, you’ve had your fun with your TSA airport follies for far too long now. Where to begin? You’ve repeatedly humiliated a major Southwest Asia movie star when he has visited, just because of his last name. You’ve had your “anomalies in the crotch area.” Etcetera.

But now it’s no longer just a matter of fun-and-games for a domestic audience:

Une fillette de 18 mois débarquée d’un avion pour soupçons de terrorisme http://t.co/b97wKeTw

@lemondefr

Le Monde


Now it’s Le Monde: A little girl of 18 months taken from airplane on suspicion of terrorism. It’s another made-in-USA incident, occurring at the Fort Lauderdale airport. Apparently airport authorities claimed the little girl was on the “No-Fly” list. It should further be no surprise that her parents are of Middle Eastern origin, that the wife wears a veil in public.

Go ahead, check it out, for there’s also a nice video embedded in that report, giving the local news broadcast on the incident (so in English). But again, this is a report in the “Big Browser” blog of the leading French newspaper Le Monde. When will you realise that this is leaking out to the foreign press now, making America a laughing-stock? When will you get embarrassed enough and stop all this “security theater” already?

Digg This
Reddit This
Stumble Now!
Buzz This
Vote on DZone
Share on Facebook
Bookmark this on Delicious
Kick It on DotNetKicks.com
Shout it
Share on LinkedIn
Bookmark this on Technorati
Post on Twitter
Google Buzz (aka. Google Reader)

Financial Exhaustion in Sight

Thursday, February 23rd, 2012

The Arab Spring of 2011, as we all know, is still with us as there is some blatant unfinished business. Some may take the opportunity here to bring up Bahrain, or even Jordan or Morocco, but I’m referring instead to the country now catching the vast majority of the world’s attention. That was supercharged yesterday with the reported deaths there of an American and a French journalist, so I mean Syria, of course, where anti-government agitation has now been going on at least since last March, and where the government apparently is now carrying out its ambition to blast one of its major cities, Homs, to the ground.

Governments everywhere gnash their teeth in reaction, asking what can be done in the face of Russia’s and China’s refusal to allow the passage of any UN Security Council Resolution which, under international law, is necessary for any active intervention. Still, there is some good news, brought to us today in Le Monde:

Au bord de l’asphyxie financière, le régime syrien poursuit la répression http://t.co/wBFsN8LD

@lemondefr

Le Monde


L’asphyxie financière: financial asphyxiation – it seems that at least the economic sanctions that Europe, America, and the Arab League imposed on the Damascus regime some time back are finally starting to have an affect. Simply put, Syria is being starved of foreign exchange, since it can hardly earn any – no one will buy its oil. There are maybe “three or four months” worth of foreign currency left, is what is now estimated within diplomatic circles. After that, the Syrian pound “will crumble”; even if they can find importers for what they need in the midst of all the official sanctions, they’ll have nothing to pay them with.

Of course, this will likely make life equally uncomfortable for the rebels as well as the Syrian government. But perhaps of greater relevance is the question whether those rebels can hold out another three or four months.

Digg This
Reddit This
Stumble Now!
Buzz This
Vote on DZone
Share on Facebook
Bookmark this on Delicious
Kick It on DotNetKicks.com
Shout it
Share on LinkedIn
Bookmark this on Technorati
Post on Twitter
Google Buzz (aka. Google Reader)

Quick! Emergency Marriage!

Saturday, November 19th, 2011

Governments are falling all around Europe: Greece, Italy – and next, after national elections happening tomorrow, the Spanish government. True, the current Prime Minister José Luis Rodriguez Zapatero has had enough and won’t be standing for re-election himself, but polls show a crushing defeat is in store for his successor at the head of Spain’s Socialist Party, Alfredo Pérez Rubalcaba. What else do you expect, with > 20% unemployment, shaky banks and a government imposing more and more austerity even as it flirts with default anyway?

The next Prime Minister will surely be the leader of Spain’s other major party, the right-wing Partido Popular (commonly translated as “People’s Party”), Mariano Rajoy, to the point that Rajoy has already started issuing messages (e.g. “Give us a break!”) meant for the European financial establishment. But there’s another area of policy (among many, admittedly) where he has held strict radio silence:

Espagne : mariages gays express sur le Web avant les élections http://t.co/FMHPonil

@lemondefr

Le Monde


That’s right: Strict old, conservative Spain actually turned out to be rather progressive back in 2005, when it approved homosexual marriage. (Actually, not only that, but also gay couple adoption and inheritance rights to same-sex partners.) But that was when the Socialists were in power. Would the conservative People’s Party – especially if it comes in with the expected landslide – repeal that? After all, at the time they did vote against the 2005 laws pretty much en bloc.

As this article from Le Monde shows, many thousands of Spanish gays are not willing to take that chance. So it turns out that this very weekend is an especially festive and happy one there on the Iberian Peninsula as the number of marriages is WAY above normal. Well OK: maybe rather “festive” and “happy,” considering the constrained circumstances – but in all cases certainly “gay.”

“But how can Spain’s marriage infrastructure handle this rat-through-the-python bulge in demand”? you might be asking. (OK, maybe you wouldn’t particularly use “marriage infrastructure.”) One thing that is helping a lot is a high-tech innovation from the small Andalusian village of Jun, near Granada, whose mayor, José Antonio Rodriguez, has set up a system for marrying people on-line. It only takes five days; you don’t actually have to visit there; and apparently you’ll be completely, legally married afterwards. Rodriguez says that, whereas Jun had only eleven same-sex marriages in all of 2010, it now does fifty per week.

Who knows? Maybe that same sort of solution is for you – IF you share that particular sexual preference, have arranged a willing partner to join you in conjugal bliss, and know at least a little bit of Spanish. You can follow Mayor Rodriguez on Twitter at @alcaldejun (38,180 followers when last I looked!).

Digg This
Reddit This
Stumble Now!
Buzz This
Vote on DZone
Share on Facebook
Bookmark this on Delicious
Kick It on DotNetKicks.com
Shout it
Share on LinkedIn
Bookmark this on Technorati
Post on Twitter
Google Buzz (aka. Google Reader)

Russian Lapdog Leaving Lap

Sunday, October 16th, 2011

BACK in the USSR! We’ve already been treated recently to some prime Soviet nostalgia, in the form of the Yulia Timoshenko show-trial in the Ukraine. Now from Le Monde we see how that’s been joined by the lock-step Kremlin solidarity of old: current Russian president Dmitri Medvedev has endorsed his own replacement by Vladimir Putin.

Many commentators – rightly, and including the Le Monde editorial board itself – had seen Putin’s end-of-September announcement that he would run for (and therefore win) re-instatement as president in 2012 as taking Russian political development back to the Brezhnev era, if not even back to the time of the Czars. Not so, said Medvedev yesterday on Russian television – it is “something else . . . a means to resolve the challenges we have set for ourselves.” So he’s fine with missing out on the chance to “run” for the second presidential term he himself is entitled to under the Russian constitution.

On the other hand – surprise! – he’s not happy with the current state of Russian government:

I’ve been a lawyer, and I thought that I knew very well how the state apparatus works. I was mistaken, things are much more difficult and in a certain way more frightening. That’s why we must think about how to change the system of managing the State.

Aha, so there at least is a note of dissension! But note that this comes after he admits that he has only around one year left as president, and hasn’t even indicated what political function – if any – he will fulfill after that. Medvedev’s term in office has been chock-full of ambitious pronouncements like this – that Russia must be more investment-friendly, more subject to the rule of law, etc. – that came to nothing. This is certainly just one more.

Digg This
Reddit This
Stumble Now!
Buzz This
Vote on DZone
Share on Facebook
Bookmark this on Delicious
Kick It on DotNetKicks.com
Shout it
Share on LinkedIn
Bookmark this on Technorati
Post on Twitter
Google Buzz (aka. Google Reader)

Ardeur for Libya Now Cool

Wednesday, July 13th, 2011

What’s up now with the French and Libya? Nicolas Sarkozy’s government was the first to recognize the rebels’ National Transitional Council as the country’s valid government, and also led the way both in urging NATO military intervention last March and in actually conducting the very first bombing raids. But now Prime Minister François Fillon is saying “[a] political solution in Libya is more indispensable than ever” while Foreign Minister Alain Juppé claims to have word that Qaddafi is ready to head into exile.

Le Monde provides a perspective, in an unsigned article (Libya, a political objective now uncertain for L’Elysée). Put simply, it’s something akin to buyer’s remorse. France was looking forward to a glorious “big brother” role with the assistance it provided the rebels, one that would go far towards erasing – so officials hoped – her rather ugly colonial history in the area. Most of all, though, this was supposed to be short and sweet, something – in the words of Juppé back in March – that was to “be calculated in days or weeks – certainly not in months.”

Well, now it is months later, and the fighting is still going on. The rebels do seem to be making some sort of progress, yet it still seems doubtful that they can take full control before the onset of the Muslim fasting month of Ramadan on 1 August complicates their efforts considerably.

According to the article, Sarkozy had a somewhat earlier date in mind for a rebel victory: 14 July, or Bastille Day, just two days away, when the usual parade of military hardware down the Champs Elysées could be spiffed up considerably on the wave of a cut-and-dried successful military campaign. But that certainly will not happen, and meanwhile Le Monde reports how the French president recently changed his mind from a trip across the Mediterranean to go visit the rebels’ self-styled Libyan Republic and opted to visit actual French troops in Afghanistan instead.

At least Sarkozy has just confronted the issue of submitting his military operations to approval of the legislature rather better than Barack Obama has done, and indeed has gained renewed votes of support for Libya actions from the Assemblée and the Senate, when there were fears that this was not certain. But the fighting goes on, and perhaps it should not be so surprising that the French should start lowering their standards for how they think it should end, as long as it does so quickly.

Digg This
Reddit This
Stumble Now!
Buzz This
Vote on DZone
Share on Facebook
Bookmark this on Delicious
Kick It on DotNetKicks.com
Shout it
Share on LinkedIn
Bookmark this on Technorati
Post on Twitter
Google Buzz (aka. Google Reader)

Justice for Bin Laden? Mais Non!

Sunday, May 15th, 2011

Party pooper! It now emerges that George W. Bush is not especially happy over Osama Bin Laden’s death. I’ll let Andy Borowitz put it best:

Bush “not overjoyed” by Osama news: “I don’t rejoice at the death of another person, especially one I couldn’t find.”

@BorowitzReport

Andy Borowitz


Careful, Mr. President! You shouldn’t be saying things like that – you’ll sound like the French!


You read that right: Christian Salmon of the French government’s research institute CNRS, writing in Le Monde, goes so far as to call the operation that dispatched Bin Ladin “a perfect crime,” according to the definition of philosopher Jean Baudrillard:

[A] crime whose authors are anonymous, whose narrative is impossible, whose body is unfindable, and for which all pieces of evidence have disappeared in the Pakistani night, even while it was filmed by cameras mounted on commando’s helmets and followed directly by the American executive. Invisible target. Invisible execution. Invisible cadaver. A veritable black hole in the mediasphere.

He’s sort of suspicious of what the Americans claim to have happened, you could say. It’s like something out of Edgar Allen Poe’s The Purloined Letter (but the French were always particularly fond of Poe). Even then, the Americans failed to smash that Osama Bin Laden myth of the lone cave-dwelling fighter, “who appears and disappears as he likes, taunting the greatest world power, an Arabian Clint Eastwood, a Muslim Robin Hood who claims to avenge the Palestinian people’s suffering.” Fundamentalists are ready to rename the Arabian Sea as the “Martyr’s Sea,” for heaven’s sake!

Similarly Jean-Baptiste Jeangène Vilmer of King’s College, London, also writing in Le Monde, is not very impressed by the Abottabad operation:

Tuer l’ennemi public numéro 1, est-ce “rendre justice”? http://lemde.fr/lZQWgY

@lemondefr

Le Monde


President Obama, in his televised announcement, declared that “justice has been done.” Vilmer: “That’s surprising: if it was enough to kill him to do justice for the victims [of Al-Qaeda], why did they claim to want to arrest him?” Actually, Vilmer does not for a moment believe that the SEAL Team 6 commandos had any other orders than to kill. Bin Laden wasn’t armed; there was no return fire during that raid. No, it was far easy to kill him than to deal with all the issues having a live Osama Bin Laden on their hands would entail, including arguments over the death penalty and the possibility of retaliatory hostages being taken.

To use an Israeli term, then, this was a “targeted assasination.” But that’s OK – there’s no problem with such a concept for any country that does still practice capital punishment. France, however, does not do that, and has not done so for thirty years. Ultimately, Vilmer is disappointed not so much with Obama – as in, that’s the Americans, what can you expect? – as he is with his own leaders (Sarkozy, Foreign Minister Juppé) who were quick to echo the American president’s assertion that justice had been served. If one claims to remain true to French ideals, he wants to say, it’s not possible to be glad at Bin Laden’s death, one must rather regret that what really was constituted as an assasination squad through its actions made any true justice impossible.

Digg This
Reddit This
Stumble Now!
Buzz This
Vote on DZone
Share on Facebook
Bookmark this on Delicious
Kick It on DotNetKicks.com
Shout it
Share on LinkedIn
Bookmark this on Technorati
Post on Twitter
Google Buzz (aka. Google Reader)

Ayman Zawahiri – Come On Down!

Thursday, May 5th, 2011

¡¡You’re the next contestant on Who Wants to be a Martyr?!!

Portrait du “docteur” Zawahiri, le successeur potentiel de Ben Laden http://lemde.fr/jWKbaC

@lemondefr

Le Monde


Anyway, Doctor, for as long as you are still around and in-line to head the Al-Qaeda organization – and keep in mind that two of your operatives have already been killed recently in Yemen by unmanned drones (link in Danish) – let’s take a look at this examination of your background, thoughtfully provided by Le Monde.

Firstly, for this visual age of ours it’s important to have a “grip & grin”-type photo together with the predecessor, as a token that he at least regarded the subject as a decent jihadi sort of fellow. Check! (True: there’s no “grip” in the picture provided here, and for that matter also very little “grin”; I think those things are probably un-Islamic.) In good newspaper-style, though, author Cécile Hennion cuts right to the essentials of why Zawahiri is the best bet to succeed Osama Bin Laden in her very first paragraph:

“Doctor” Zawahiri, with an Egyptian degree in surgery, is considered the ideologist of Al-Qaeda and the “brain” behind the September 11, 2001 attacks. He has for a long time been Osama Bin Laden’s principal lieutenant and personal doctor.

Curious, then, that he wasn’t present at that Abottabad compound during that deadly raid last Monday morning (local Punjabi time). Nonetheless, he suffers no shortage of terrorist bona fides. For instance, after Osama Bin Laden came back to his native Saudi Arabia a hero from fighting the Russians in Afghanistan, but then had to flee the country due to his anti-regime agitation, it was initially only the House of Saud that he swore to lead a jihad against. Zawahiri, who first met him in Afghanistan, convinced him to widen his target to all “apostate regimes of the Muslim world.” The Doctor was also behind the fatwa of the late 1990s which declared that it was the responsibility of all good Muslims to kill Americans and their allies. (more…)

Digg This
Reddit This
Stumble Now!
Buzz This
Vote on DZone
Share on Facebook
Bookmark this on Delicious
Kick It on DotNetKicks.com
Shout it
Share on LinkedIn
Bookmark this on Technorati
Post on Twitter
Google Buzz (aka. Google Reader)

Syrian Unrest – Your Answer-Man

Tuesday, March 29th, 2011

Wow – check out this article from Le Monde entitled “Syria: ‘There’s no reason why the popular will won’t triumph.'” Anyone following the news lately knows very well that serious, often violent demonstrations have been happening for about the past week in various major Syrian cities, including the capital Damascus. Is the regime of famed optometrist Bashar al-Assad (that last name means “lion” in Arabic, by the way) destined to be the latest to topple in the Arab Spring?

This quite excellent article – structured as a moderated chat in which names like “Mazen,” “hakan,” “Jack,” and “Heisenberg”* pose a series of questions – is pretty much a one-stop briefing on what is going on over there and the historical background that has led events to this pass.
(more…)

Digg This
Reddit This
Stumble Now!
Buzz This
Vote on DZone
Share on Facebook
Bookmark this on Delicious
Kick It on DotNetKicks.com
Shout it
Share on LinkedIn
Bookmark this on Technorati
Post on Twitter
Google Buzz (aka. Google Reader)

CyberCivil War in Tunisia

Wednesday, January 5th, 2011

Remember “Anonymous,” that loose band of hackers that a few weeks ago took up the role of avenging angels for Julian Assange’s Wikileaks organization, attacking the sites of the credit-card providers, banks, etc. that had refused to process its payments? Well, where are they now? Have they gone off to find more interesting off-line pursuits with the advent of the New Year?

Hardly. An interesting article today in Le Monde (no by-line) indicates that they’ve taken up a new target, not really Wikileaks-related and ordinarily so off-the-map in geopolitics terms as to usually never attract attention: Tunisia, specifically its government. A couple days ago I twittered in this space about “Trouble in Tunisia,” basically some violent police-student confrontations in a mid-sized city off to the west, near the Algerian border. But this Le Monde article shows that I didn’t even know the half of it. (Probably fortunately for me at the time: I had only 140 characters to work with!) (more…)

Digg This
Reddit This
Stumble Now!
Buzz This
Vote on DZone
Share on Facebook
Bookmark this on Delicious
Kick It on DotNetKicks.com
Shout it
Share on LinkedIn
Bookmark this on Technorati
Post on Twitter
Google Buzz (aka. Google Reader)

Hang On To Your Googlers!

Thursday, November 11th, 2010

It’s good to be Google! Most of the Western world may be struggling with various degrees of above-average unemployment, but one much remarked-upon news item of late concerned the Mountain View, CA powerhouse’s awarding a 10% across-the-board pay-rise to all employees, together with a one-off lump-sum gratuity of $1,000. One aspect of that move’s appeal was how much of a throw-back it seemed as a personnel measure, far-removed from today’s HR environment where bonuses going only to those identified as the company’s true high-achievers, not to every employee, are more the norm. Yet a few analysts could still see the logic in this approach (including, for example, this commentator on the Atlantic website).

Writing in Le Monde, Marion Solletty takes yet another cut at what this latest move by Google means:

. . . the star of Silicon Valley feels itself under threat. Its vital forces, the engineers who fine-tuned its mysterious algorithms, are leaving it. With the eye of a connoisseur they have watched the sparkling rise of the new stars of the Web, the social networks. And they respond to the call of the bold.

Search, and text ads, and YouTube videos: all that is just so yesterday, man, just so . . . 2008, you know! And then following directly comes the anecdote of Cedric Beust (with a suspiciously French name!), a six-year Google employee who now has left to join LinkedIn.

What goes around, comes around. According to Solletty, Google first stocked itself with quality personnel by raiding the leading Internet-related firms of its own period of skyrocketing growth. Now it’s the turn of others, including especially Facebook, whose employee total has gone from 1,000 to 1,700 within the past year (although it has had its own top-level defections), or Twitter, which has tripled from 100 employees to 300 in that same period.

Ironically, Google’s latest salary-move did cost it one employee. The internal company message announcing it (“CONFIDENTIAL: INTERNAL ONLY”), and lauding employees as “the best in the world,” was soon leaked to an industry blog so we could all savor the message, at least vicariously. But he who did the leakin’ was fired.

UPDATE: It’s worse for Google than we thought! TechCrunch now has this piece about a Google engineer threatening to leave to join Facebook and getting $3.5 million in stock to stay!

Digg This
Reddit This
Stumble Now!
Buzz This
Vote on DZone
Share on Facebook
Bookmark this on Delicious
Kick It on DotNetKicks.com
Shout it
Share on LinkedIn
Bookmark this on Technorati
Post on Twitter
Google Buzz (aka. Google Reader)

Retirement Reform – For Some

Friday, October 29th, 2010

As various forms of unrest continue to percolate throughout France – as always, the website of Humanité, the Communist Party newspaper is probably the best place to go for news about that – the fundamental fact remains true that the retirement reform at the center of contention is becoming law regardless. Yes, word is that it has to be formally approved a couple of times by the two houses of the French legislature and then signed by President Sarkozy, but there’s no indication that there will be any hitch in that process despite any strikes and demonstrations going on in the world outside.

The result: Even as the masses out on the streets shriek NO! the government goes ahead with “Yes” – and this in a liberal democracy. Of course, things are actually not quite so clear-cut as that. All the people out demonstrating often make an impressive sight, but do they really represent the political will of the majority of France’s citizens? And even if they do: France is not a direct democracy where the people vote directly on laws – no modern society is a direct democracy – but rather a representative democracy, where according to one section of the rules of the game (somewhere; I believe it’s in Aristotle) the elected law-makers do have the right to go against the will of their constituents if they believe doing so better serves the nation. And it would seem raising the retirement age from what is financially a completely unsustainable age to one slightly less unsustainable qualifies.

Ah, but even as the Assemblée Nationale and French Senate undertake to do so, they make a mess of it. For while they were passing this retirement reform, they chose not to pass amendment 249 – that’s the one that would have subjected their own even-more-generous lawmakers’ pension system to the same conditions they were about to impose on everyone else’s!

Pretty outrageous, no? (Then again, the US Congress also almost routinely exempts itself from the laws it passes for the rest of the country.) I heard about this little bit of chicanery in the first place from an editorial in today’s Le Monde: You’re making me take to the streets – me, a moderate! It’s written by one Gregory Kapustin, who calls himself an “entrepreneur” and “former moderate.” (Check out his public LinkedIn page!) His message is basically expressed in his title; the actual article fills in the details about how, yes, he understands why pensions must be reformed, and he wishes the French nation would grow up and face the real world of globalization – but really, in exempting themselves the legislators have simply gone too far with their cynicism and he’ll be off to join the nearest street-demonstration. (With gasoline, bottle, and rag-stuffing in hand? He doesn’t say; he still seems to be too much of a professional dude to go that far.)

One can gain a similar feel for what he is fed up with from another article, from Le Point: Sarkozy will take some time to reflect on the situation after retirement reform. The lede:

Nicolas Sarkozy declared on Friday that he will announce when “the time is ripe” for initiatives in response to the French people’s worries and that he first intends to “take some time” to reflect on them.

As becomes clear as the article goes on, however, don’t expect him to start that thinking anytime soon, he’s a busy man. The Chinese president will be visiting Paris soon, then it’s off to Seoul for the G20 summit. Sarkozy made it clear that, when it comes to addressing the concerns of his countrymen he won’t “confuse speed with haste” but will take “time to reflect serenely, calmly, profoundly.” Hey – merci bien, monsieur le président! I bet your own pension is rather more generous than that of the man-on-the-street as well!

Digg This
Reddit This
Stumble Now!
Buzz This
Vote on DZone
Share on Facebook
Bookmark this on Delicious
Kick It on DotNetKicks.com
Shout it
Share on LinkedIn
Bookmark this on Technorati
Post on Twitter
Google Buzz (aka. Google Reader)

Moment-of-Truth Day for EU Banks

Friday, July 23rd, 2010

Today is “Stress Day” – the day when the results of the “stress test” exercises performed on all major European banks will be released after the end of the European business day (but right in the middle of the American business day!). The Financial Times column Alphaville has a handy round-up of articles on the subject, compiled by Gwen Robinson. The most comprehensive guide – perfect if you’re still unsure of what these “stress tests” are all about and have some time – is by far the contribution from Anne Seith of Der Spiegel. (Rest assured: it’s in English. As for Alphaville itself, better enjoy that while it’s still free and available to all!)

Then there is the report by Anne Michel in Le Monde, also cited in the FT Alphaville round-up. Why is everyone so stressed about these “stress tests”? Mainly because banks can only “pass” them or “fail” them, and failure could carry a high price in terms of loss of investor confidence, for starters. Indeed, the impact is likely to be even greater than it was for the ten banks (out of nineteen tested) which “failed” during the American “stress test” exercise carried out back in May, 2009, for banks that fail by definition need recapitalization and there is a dwindling number of European governments still able to provide that. It’s notable, as Mme. Michel points out, that European authorities have staged such “stress tests” twice before, namely dry runs in August of 2009 and April of this year with a more limited selection of banks, whose results have never been made public.

But this time it’s serious, and all results will be released publicly. Naturally, everyone would love to jump the gun and get word of at least some of the results before they’re released to the unwashed masses (there’s potentially money to be made, for one thing). Mme. Michel does her best to oblige. It looks like all the French banks involved – namely BNP Paribas, Société générale, Crédit agricole and BPCE – have passed the test. Indeed, the failures are expected to come only from the usual suspect nations: Spain, Greece, and Portugal. Oh, and Germany, too – but the one German laggard is likely to be the Hypo Real Estate Bank, which already got into so much trouble back in 2008 that the German government fully nationalized it. (Note that this last bit does not come from Mme. Michel’s article, but from another of my on-line sources.)

Going back to the star banking pupils from France, such seeming across-the-board success inevitably raises questions as to the stress tests’ legitimacy. The article does go into some detail about how the tests’ parameters have been toughened up to include some degree of sovereign debt default, placed on top of a posited recession of 3% negative economic growth lasting over a year-and-a-half. But will this go far enough to convince the markets that all this has been a worthwhile, bona fide exercise? That is probably what most EU officials and bank executives are stressed-out about most of all.

Digg This
Reddit This
Stumble Now!
Buzz This
Vote on DZone
Share on Facebook
Bookmark this on Delicious
Kick It on DotNetKicks.com
Shout it
Share on LinkedIn
Bookmark this on Technorati
Post on Twitter
Google Buzz (aka. Google Reader)

Israeli Jerusalem Defiance Again

Thursday, May 13th, 2010

I’d like to expand a bit on the article from Le Monde that I linked to in one of my tweets today. I’d also like to try out the new facility Twitter has made available to embed tweets, thusly:

LeMonde: Can’t hold it back 4 long: #Israel Vice PM announces new arrangemnts 4 more housing constructn in E #Jerusalem http://bit.ly/9nAc5Kless than a minute ago via web


Oooooh, looks pretty good! (Feel free to write me to ask how to do it!)

Anyway, the immediate point of that piece is contained in its title: Israeli government announces that it wants to relaunch construction in East Jerusalem. The Netanyahu government had previously conceded a brief suspension of such construction, but only as a sort of fig-leaf measure in response to heavy pressure it was getting from the US – because, of course, any such construction in East Jerusalem, territory conquered in battle that the rest of the world will not concede is owned by Israel in any way, sounds the death-knell for what are supposed to be peace negotiations with Palestinian representatives. (more…)

Digg This
Reddit This
Stumble Now!
Buzz This
Vote on DZone
Share on Facebook
Bookmark this on Delicious
Kick It on DotNetKicks.com
Shout it
Share on LinkedIn
Bookmark this on Technorati
Post on Twitter
Google Buzz (aka. Google Reader)

The Doctor is IN/OUT/ON Picket-Line

Thursday, April 8th, 2010

Whoops, there’s another problem one sometimes is face with while trying to procure medical attention over in this continental “health care paradise” – at least in France, as Le Monde reminds us. You can probably guess it: your doctor can go out on strike, as it seems French GPs are doing this very day on a nationwide basis.

Closely related to that is that, again in France but likely elsewhere in Europe as well, your doctor is likely to belong to some sort of union. In fact, there are several French doctors’ unions, and they all have called for a strike today. Their grievance? They basically want the price doctors are allowed to charge for a consultation to rise to €23 (=$30.50); it seems the current price is €22. If that is all they’re getting angry about . . . citizens trapped in many other more privately-based health-care systems where a doctor’s visit tends to cost much more than €23 can only look on in envy.

Digg This
Reddit This
Stumble Now!
Buzz This
Vote on DZone
Share on Facebook
Bookmark this on Delicious
Kick It on DotNetKicks.com
Shout it
Share on LinkedIn
Bookmark this on Technorati
Post on Twitter
Google Buzz (aka. Google Reader)

Death of French Carbon Tax: “Crime Against Humanity”

Saturday, March 27th, 2010

Remember how, only a couple short months ago, the election for Edward Kennedy’s old Senate seat was lost by the Democrats, and suddenly nothing in politics that people had thought to be sure was so sure anymore in the face of that supposed voters’ anti-Establishment revolt? This particularly applied to health care reform, which up to that point had been laboring slowly through Congress, but had already been passed by both chambers, in two different versions that still needed to be reconciled. With the Massachusetts Senate result, though, even many of that legislation’s greatest supporters were nonetheless ready to throw that effort overboard entirely or at least drastically scale back its ambition.

A similar thing has just happened in France, following regional elections there last Sunday which resulted in heavy losses for the governing UMP party of President Nicolas Sarkozy. Two days afterwards, French premier François Fillon announced that his government was dropping the idea of a carbon tax, something it had previously been developing with a view towards putting it in the tax code on 1 July. And there is reason to believe that this concept is certainly more permanently dead than US health care reform turned out to be; for one thing, as Claire Guélaud reports in Le Monde, the main French organizations representing employers and entrepreneurs broke out in rejoicing at Premier Fillon’s announcement. (more…)

Digg This
Reddit This
Stumble Now!
Buzz This
Vote on DZone
Share on Facebook
Bookmark this on Delicious
Kick It on DotNetKicks.com
Shout it
Share on LinkedIn
Bookmark this on Technorati
Post on Twitter
Google Buzz (aka. Google Reader)