"Through some remarkable work with allies … we engineered a public 'postponement' of the international portion of the exercise," the U.S. Embassy in Ankara, the Turkish capital, reported. "But, the relationship is souring," it said of ties between Turkey, the only Muslim nation in the North Atlantic Treaty Organization, and longtime U.S. ally Israel. The embassy's secret account was among the trove of documents about America's complicated relationship with an increasingly independent and ambitious Turkey that were released this week by the website WikiLeaks.
The documents underscore the importance of Turkey, a moderate Islamic country bordering Iran, Iraq and Syria. The documents show that U.S. officials use Turkey as a base to gather intelligence on Iran and value the massive U.S. airbase at Incirlik as a location to ferry supplies to troops in Iraq and Afghanistan.
For more: 'Souring' Israel-Turkey relationship seen in WikiLeaks trove - Los Angeles Times
The works -- a collection of cubist collages, drawings, lithographs, notebooks and a watercolor -- were revealed in January when Le Guennec contacted the Picasso estate by mail to request certification of authenticity. Along with the letter, Le Guennec included 26 photographs of previously unpublished Picasso pieces.
For more: Hundreds of previously unknown Picassos found in France - CNN.com
The European Commission said its closely watched economic sentiment index (ESI) for the 16-member eurozone rose to 105.3 this month from 103.8 in October.
This represents the index's highest level since October 2007. Analysts had expected the index, which measures the mood both among industry and consumers, would climb to 105 this month.
For more: European economic sentiment hits three-year high - Monsters and Critics
Technology is breaking down traditional social barriers of status, class, power, wealth and geography – replacing them with an ethos of collaboration and transparency.
Note EU-Digest: the great thing about this new revolution is that no government anywhere in the world has the power today to turn off the Internet. For if any country with the technical means to do so believes they can get away with it, they will not only instantly create economic chaos, but also set off a popular Global revolt like we can only imagine in our wildest dreams.
For more: WikiLeaks: The revolution has begun – and it will be digitised | Heather Brooke | Comment is free | The Guardian
The Leaf not only got tons of attention for being the first electric car to win this coveted award — but also made news for unearthing some big-time critics in the voting panel. Some judges placed the the Japanese hatchback in dreaded last place, but the Leaf ably cruised ahead of finalists like the Alfa Romeo Giulietta and Vauxhall/Opel Meriva to win the COTY award.
Note EU-Digest: Bullish on green cars, the chief executive of the Renault-Nissan automotive alliance said today Monday they plan to produce and sell 500,000 electric vehicles a year around the globe by the end of 2013.
For more: Europe’s Car of the Year Award Goes To The Electric Nissan Leaf! « ecorazzi.com :: the latest in green gossip
Mr Schroeder responded to Mr Bush's claims, accusing him of "not telling the truth". In a statement, he confirmed that he had told Mr Bush he would "stand reliably on the side of the US" if it was confirmed that Iraq was sheltering those responsible for the September 11 terrorist attacks.
"But this link, as it became clear during 2002, was false and contrived. This goes for reasons [for the invasion] given by Bush and [then vice-president Dick] Cheney too.
For more: Gerhard Schroeder accuses George W Bush of 'not telling truth' in memoirs - Telegraph
For more: Swiss vote to expel foreign criminals adds to 'populist surge' across Europe - CSMonitor.com
For more: Ireland agrees to $90 billion bailout terms
The German finance minister, Wolfgang Schauble, is arguing that Ireland should pay a higher interest rate of around 7 per cent. His demand is thought to reflect the chronic unpopularity in Germany of the country's participation in bailouts of financially weaker EU states, such as Greece and Ireland.
So the German government feels that any rescue loans should not look like cheap money, but should be charged at an interest rate that contains an element of punishment for the reckless borrowing spree of Ireland's banks, which took the Irish economy to the brink of bankruptcy.
Note EU-Digest: Germany is right. Ireland does not really have the maturity as a nation to be a member of the EU. It also took two referendums for Ireland to agree to the Lisbon Treaty. Now they are benefiting once again from the safety net EU membership provides.
For more: BBC - Peston's Picks: Germany wants punitive interest rate for Ireland
For more: The State of the European Crisis, Arnold Kling | EconLog | Library of Economics and Liberty
"The media's digging into the past of PVV MPs is now beginning to look like a cheap witch-hunt. I will not go along with this. I will of course tackle cases where PVV MPs have made mistakes, but the hyped-up media can just go into the deep freeze for now, as far as I am concerned. I want calm to return and will therefore no longer react to every incident."
De Volkskrant reported Friday that PVV MP Eric Lucassen has been pursued by legal bailiffs for seven years due to payment arrears and failure to comply with financial obligations. He is also said to be registered at social benefit administrator UWV as a basic benefit recipient.
Note EU-Digest: Looks like Mr. Wilders can not stand his own medicine?
For more: Wilders Complains about "Witch-Hunt"
Many analysts are voicing fears the euro's value could drop further if Spain and Portugal follow Greece and Ireland in seeking massive international bailouts.
For more: VOA | Germany's Chancellor Expresses Confidence in Euro's Durability | Europe | English
"It is quite likely that the deal will be announced on Sunday," one euro zone source with insight into the negotiations with Ireland said on Friday.
A team of officials from the European Commission, the European Central Bank and the IMF has been negotiating the details of the package in Dublin since last week.
For more: UPDATE 1-EU/IMF deal for Ireland seen on Sunday -sources | Reuters
Mr. Putin wrote an opinion piece in a German newspaper calling for a “harmonious economic community stretching from Lisbon to Vladivostok.” It was a way out of recession, he argued, that could “trigger a new wave of industrialization across the European continent.”
Now it’s up to European Union leaders to respond. German chancellor Angela Merkel went first, saying she had felt compelled to “pour some cold water” on Mr. Putin’s overtures. Judging from this reaction from one of the most sympathetic countries to Russia in the EU, Mr. Putin may have to accept that his idea is perhaps one whose time has simply not yet come.
Note EU-Digest: Not a bad idea. It's time to come up with some fresh ideas for the EU and Mr. Putin's suggestion certainly is a valuable one.
For more: Putin Suggests United States of Europe and Russia - Real Time Brussels - WSJ
Brinkman’s car was followed by two police officers who eventually caught him trying to enter his home by the rear entrance. On entering his home, Brinkman grabbed a brandy bottle and began drinking out of it, the official police report of the incident shows.
Brinkman was arrested. The case was eventually settled out of court and Brinkman fined €200, Nieuwsuur said.
For more: DutchNews.nl - PVV MP Hero Brinkman avoided drink driving check, while a police officer
But Europe still lags behind Asian countries, particularly Japan and South Korea, in broadband speeds. In July, just 29 percent of E.U. broadband lines had speeds of at least 10Mbps, and only 5 percent of lines had average speeds at or above 30Mbps.
The Commission wants to see all broadband connections at speeds of least 30Mbps by 2020, and has set a target of at least half of European households subscribing to speeds above 100Mbps.
For more: EU Broadband Take-up Pulls Ahead of US, but Speeds Still Low - PCWorld Business Center
Transport Minister Nathalie Kosciusko-Morizet and Junior Transport Minister Thierry Mariani announced on Thursday plans for the fourth search starting in February. Their statement says the "best equipment currently available" will be used.
For more: France to hunt again for vanished Rio-Paris flight - BusinessWeek
Germany Dismisses European Plan to Double Emergency Bailout Fund - by Maurus Walker and Matthew Karnitschnig
The European Union's executive arm, the Brussels-based EU Commission, floated a proposal on Wednesday to double the size of Europe's €440 billion ($588 billion) bailout fund for euro-zone governments, but the idea was dismissed by Germany, according to people familiar with the situation.
The disagreement between Brussels and Berlin comes amid growing fears that the crisis of investor confidence in euro-zone governments, which has already forced Greece and Ireland to seek international bailouts, could expand sooner or later to Portugal and Spain.
For more: Germany Dismisses European Plan to Double Emergency Bailout Fund - WSJ.com
For more: Thanksgiving 2010: In these hard times, are Americans thankful? - CSMonitor.com
U.S. unemployment rate probably will hover above 9% all year. It now stands at 9.6%. “This will mark the weakest post-recession job recovery on record,” the NABE said.
For more: Business economists see little change in 2011 - MarketWatch
German Chancellor Angela Merkel said the euro was in an "exceptionally serious" situation. Investors took aim at Spanish government bonds on Tuesday, driving the premium over German benchmarks to a euro lifetime high after Madrid was forced to pay a high cost to sell short-term bills.
For more: Euro licks wounds, finds support for now | Reuters
All deciduous trees in the Western world are affected, according to the study by Wageningen University. The city of Alphen aan den Rijn ordered the study five years ago after officials found unexplained abnormalities on trees that couldn't be ascribed to a virus or bacterial infection.
Additional testing found the disease to occur throughout the Western world. In the Netherlands, about 70 percent of all trees in urban areas show the same symptoms, compared with only 10 percent five years ago. Trees in densely forested areas are hardly affected.
For more: Wi-Fi Makes Trees Sick, Study Says - PCWorld Business Center
For more info: News Release: Fighting the "Currency War"
Mariska Kramer from the Netherlands won the women's field with a time of 2:38.55, followed by Ramilia Burangulova from Russia at 2:40.12. The top male and female finishers each received $3,500.
For more: Philadelphia Marathon Has Winners From America and Netherlands | United States | Epoch Times
France: French minister with new trophy wife feels the rage of a woman's revenge - by Matthew Campbell
Mr Besson, 52, who left his wife for a woman less than half his age, is hated on the left for his defection from the Socialist party to Mr Sarkozy's camp.
The jilted wife's depiction of him as a shameless seducer does not discourage the national antipathy. “They tell the woman to be elegant when her husband betrays her,” said Sylvie Brunel, the former wife, in an interview with The Sunday Times. “But that means saying nothing. I've always preferred revolt. I will not stay quiet.”
Besides laying into the father of her three children, she also puts the boot into Yasmine, the sultry 24-year-old art student of north African origin whom Mr Besson ended up marrying.
For more: French minister with new trophy wife feels the rage of a woman's revenge | The Australian
The emerging China–EU space partnership: A geotechnological balancer - by Joan Johnson-Freese and Andrew S. Erickson
Using this lens elevates all space activities—manned, unmanned, military and scientific—to the strategic level. It is our contention that because of the increasing China–EU space partnership, the USA must re-evaluate its approach to China—away from the containment approach, which has thus far predominated, toward an approach which would offer the USA the opportunity to influence and, thereby, decrease the importance of the emerging partnership.
For more go to Sciverse
In an audio message, al Qaeda in the Islamic Maghreb—a group of Islamic militants who pledged allegiance to al Qaeda in early 2007—also said the release had to be negotiated directly with al Qaeda leader Osama bin Laden, a sign that the once-peripheral Maghreb group may be seeking to play a bigger role in global jihad.
The audio message was attributed to AQIM leader Abdelmalek Droukdel, also known as Abu Mossab Abdelouadoud, and broadcast late Thursday by Qatar-based news station al Jazeera. The five French nationals were kidnapped together with a Madagascan and a Togolese two months ago.
For more: Al Qaeda Lays Out Demands to France - WSJ.com
The EU agreed in 2008 that all flights taking off and landing in the Union would be included in the EU's emissions trading scheme from 2012. This meant that emissions from aviation would be capped and that airlines would have to buy some permits to pollute. But the law ran into trouble last year when US airlines launched a legal challenge in the European Court of Justice.
For more: Aviation deal clears way for emissions scheme | European Voice
The attempt to present the securing of a 2.9% increase in the budget as a victory wasn’t wholly convincing. It’s the kind of figure Germany and France were always going to demand, against the 6% wanted by Europhile elements in the European Parliament.
But more intriguing — and more likely to cause Cameron trouble with the breed of younger Tory Euroskeptics in London that is currently displacing an old guard that doesn’t seem to have gotten very far advancing its cause in the last two decades — is the opportunity he has missed on reshaping the EU.
For more: David Cameron’s Missed Opportunity to Reshape EU - Iain Martin - WSJ
Mr Lucassen was discredited when it emerged that, as an army instructor, he was convicted of indecent acts with two subordinates. In addition, some of his former neighbours have accused him of intimidation and violence.
Meanwhile, James Sharpe has admitted that he was in charge of the Hungarian telecom company Digitania when it received a record fine in 2008 for misleading customers. And a former girlfriend has accused him of physical and mental abuse.
For more: Freedom Party loses five seats in latest poll | Radio Netherlands Worldwide
If the idea ever becomes reality – it would be legally complicated and politically divisive – it would be the latest of the country's liberal policies to be scrapped or curtailed as the Dutch rethink the limits of their famed tolerance.
While marijuana is technically illegal in the Netherlands, it has been sold openly in designated cafés for decades, and police make no arrests for possession of small amounts.
Set up in 2008, the service provides paintings, film and film fragments, music clips, books, maps, photographs, newspapers and audiovisual documents. More than 14 million are provided in total – an amount to which Ireland contributed 6.47pc (905,799 items).
For more: EC website hosts more than 14m European cultural items - Digital Life - Digital Life | siliconrepublic.com - Ireland's Technology News Service
The group immediately issued an invitation to Russia to participate, and top U.S. officials sounded confident that Russian President Dmitri Medvedev would react positively. Obama's point person at the summit in Lisbon said he thought the proposal would trigger a moment of cooperation between Russia and NATO.
For more: NATO's Portugal meeting: Obama announces deal on missile defense system - latimes.com
The minister has not given the specifics of whatever plot his security services think they now have information about, but he did bring different strands together.
Firstly, he said information had come from another country: "Since the middle of 2010, the security services have noticed increased indications that the terrorist organisation al-Qaeda has been planning attacks in the United States, in Europe and in Germany."
For more: BBC News - Germany reconsiders terror risk
So, as we approach the two-year mark of this administration, it is useful and important to take a step back and take a look at where we stand. To that end, I’d like to do three things today. First, I’ll describe the strategic objectives which drive our approach toward Europe. Then, I’d like to offer you an assessment of our record over the past two years on these objectives. Finally, I’ll outline what we see to be the next steps to be in our engagement with Europe, with a particular emphasis on the four major summits the United States will participate in starting this week.
For more: Bureau of European and Eurasian Affairs Remarks (November 2010)
"Several European countries have placed harsh restrictions on religious expression," Clinton said, without elaborating as she unveiled the State Department's report on international religious freedom for the last year.
Her assistant secretary for human rights, Michael Posner, cited France's ban on wearing the niqab and other face coverings in public places and a Swiss motion passed last year that bans building new minarets.
Note EU-Digest: Since Mrs Clinton took the liberty to criticize the state of religious freedom in Europe she might also in all fairness do well in criticizing the state of religious freedom in some Muslim states like Saudi Arabia.
For more: Clinton critical of religious freedom in Europe
Norway: Chinese Response To Nobel Peace Prize: "Confucius Prize could be weapon in battle of ideas " - by Liu Zhiqin
"In a recent editorial, the Global Times looked "forward to the Nobel Prize Committee that really belongs to the world." I am afraid this good wish will not be realized. At least we should not rely on the members of the Peace Prize Committee. We have suffered too much loss already."
Mr. Liu Zhiqin is the Beijing chief representative of Zurich Bank, Switzerland.
For more: Confucius Prize could be weapon in battle of ideas - GlobalTimes
Turtle eggs are collected by Costaricans on Turtle breeding beaches and sold as a local delicacy. Shame on the Costa Rican government for not stopping this.
For more: JT IRREGULARS: Sea Turtle Extinction -- Not Caused By Global Warming
Dominique Monnet of the European Center for Disease Prevention and Control (ECDC) said he was very worried by the emergence of NDM-1, or New Delhi metallo-beta-lactamase, and other bugs like it that are resistant to even the most powerful class of antibiotics, known as carbapenems. "I know people are calling this NDM-1 a superbug, but for me NDM-1 and bacteria like it are more than superbugs. We're talking about super superbugs," Monnet said in a telephone interview from Stockholm, where the ECDC is based.
"For a long time... doctors in hospitals, especially in intensive care units, have relied on the carbapenems as the last line of antibiotic treatment. Now, for doctors facing a patient infected with a bacteria that is resistant to carbapenems, the options for treatment are limited."
For more: Super superbug NDM-1 spreads in Europe | Reuters
The Neocon are inspired by the notion of a lone superpower asserting its might across the world and subscribed themselves to the Grand Chess Board ideology. The architect of this ideology was pivotal in Neocon policy making and writings.
The architect of this ideology is Zbigniew Brzezinski and there are many who subscribe to his ideology for American & ultimately the hegemony of EURASIA. For those who are not aware of who Zbigniew Brzezinski is, please look him up, a major player in International Politics and his kind have been known by a variety of secret names, Illuminati, New World Order, and a host of other secret and shrouded influential societies. Zbigniew Brzezinski a Harvard graduate was and no doubt still is a counselor to The Center for Strategic & International Studies. A Professor for American Foreign Policy at the acclaimed John Hopkins University. He was the National Security Advisor to President Jimmy Carter (1977 – 1981). The Trustee and founder of the Trilateral Commission. Mr Brzezinski is also an International advisor of several major US/Global corporations.
For more: Zbigniew Brzezinski’s Grand Chessboard « Rupee News
The non-eurozone UK is reportedly under pressure to contribute to any deal, given the heavy exposure of British banks in Ireland, particularly RBS, although Prime Minister David Cameron has recently voiced support for the idea of bilateral financial support for its one-time colony. Shares in UK financial institutions have slid over the past week as a result of the tumult.
The drafting of a new four-year austerity budget, which looks to ratchet up the level of cuts - bringing the total level up to €20.6 billion since the end of 2008, or 13 percent of GDP - has for all intents and purposes been removed from the province of the nation's elected representatives and passed over to a troika of officials who will head to the Irish capital on Thursday to take a magnifying glass to the document.
For more: EUobserver / EU-IMF troika heading to Dublin to oversee budget preparations
US Politics - the Neocons are back - Republican Opposition Dims US Hope for Arms Treaty With Russia - by Peter Baker
The announcement by the senator, Jon Kyl of Arizona, the Republican point man on the issue, blindsided and angered the White House, which vowed to keep pressing for approval of the so-called New Start treaty. But the White House strategy had hinged entirely on winning over Mr. Kyl, and Democrats, who began scrambling for a backup plan, said they considered the chances of success slim.
The treaty, which would force both countries to pare back nuclear arsenals and resume mutual inspections that lapsed last year for the first time since the cold war, is the centerpiece of two of Mr. Obama’s signature goals: restoring friendly relations with Russia and putting the world on a path toward eventually eliminating nuclear arms. A failure to ratify the treaty could freeze both efforts and, some analysts said, undermine Mr. Obama’s credibility on the world stage. It would mean no verification regime to track Russia’s strategic nuclear arsenal, and would sour a relationship that has helped open a new supply route to NATO troops in Afghanistan and increase pressure on Iran to halt its nuclear program.
For more: G.O.P. Opposition Dims Hope for Arms Treaty With Russia - NYTimes.com
This to-and-fro suggests that in the short term the eurozone’s response will be to muddle through. Outsiders will find this particularly frustrating because they would prefer far neater solutions such as a fully fledged federal political construct to balance the federal monetary union. But for more than 50 years Europe has defied such categorization. Culture, history and the nation state have proved far too potent. European unity has existed through diversity.
For the complete report by Lionel Barber in the Financial Times click on: FT.com / Brussels / Economy - Can the Euro survive?
The General Synod must now draw up a formula for a prayer that walks a fine doctrinal line, observers said. Lutheran ministers will now have the choice of performing the prayer with gay couples in a church, but it will not actually constitute a church's blessing of the union itself, synod spokesman Marko Kailasmaa told AFP.
The decision was approved, not without conflict, by the synod's representatives of ministers and bishops in a vote of 78 for and 30 against. The vote can be seen as a concession of sorts to a groundswell of popular support within the church community for Christian gays, lesbians and bisexuals.
For more: Finnish state church creates a 'prayer moment' for gay marriages
“All stakeholders must participate in the gains and losses of any particular situation,” Lagarde said during an interview yesterday in Paris for Bloomberg Television’s “On the Move” with Francine Lacqua. “There are many, many ways to address this point of principle.”
Irish 10-year bonds dropped for a 13th day, driving the yield up 19 basis points to 8.95 percent and the risk premium over benchmark German 10-year bunds to a record 652 basis points. Ten-year Portuguese yields rose 9 basis points to 7.27 percent, while Greek and Spanish bond yields also climbed.
For more: France Joins Germany Ganging Up on Bondholders to Share Pain - Bloomberg
Ireland Crises: EU Pressure Grows for Ireland to Accept Bailout - by Steven Erlanger and James Kanter
As European finance ministers met in Brussels to pressure a reluctant Ireland to accept an $80 billion financial rescue plan, the president of the European Union, Herman Van Rompuy, said that the union was “in a survival crisis.” Mr. Van Rompuy appealed for European solidarity, saying, “If we don’t survive with the euro zone, we will not survive with the European Union.”
The meeting ended Tuesday night with an agreement to “intensify” talks on salvaging the Irish banking sector if requested, buying Dublin a bit more time but pushing Ireland toward a bailout.
For more: Pressure Grows for Ireland to Accept Bailout - NYTimes.com
China is releasing stockpiled pork and sugar to boost supplies in markets after the pace of inflation hit a 25-month high of 4.4 percent in October.
In Europe, finance leaders are working to solve Ireland's debt problems to try to prevent the crisis from spreading to other nations.
For more: Commodities sink on China, European concerns - BusinessWeek
Alternative Energy: Cost-competitive renewable energy within reach: says a Boston energy consulting group
An International business advisory firm "Boston Consulting Group" released a report last Wednesday that examined seven key energy sectors. It projects dramatic gains for some in the short term, while others are expected to take much longer to expand
Conventional fossil fuels will keep their status as the main source of global energy for at least the next two decades, but some re-newables – such as biofuels, solar power and onshore wind – should soon be able to compete effectively without subsidies, according to a new study.
The report notes that much of the momentum toward renewables, built up in the years before the worldwide recession, was lost as energy prices fell, project financing declined and alternative energy companies saw their stock prices drop. Some sectors have since regained strength, and the report’s authors say it is now clear that ones that can be scaled up at reasonable prices will take a permanent position in the energy landscape.
Concentrated Solar: Systems that focus the sun’s energy to heat fluids, which are then used to generate electricity, are becoming competitive with conventional power generation. In areas with lots of sunlight and lots of room, it could be a significant electricity source by 2020. The energy can also be “stored” in the thermal fluids, then used when needed. Lack of transmission links could slow the roll-out.
Also in climatically colder areas solar power is gaining ground. One of the worlds largest solar energy collector islands (see picture insert above) is located in Almere, the Netherlands, considered one of Europe's most avant-garde cities. A brand new city built on reclaimed land from the ocean with the first inhabitants settling there in 1976. The Almere "Solar Island" started producing energy in June of this year and eventually will supply some 2700 homes with heat and hot water.
For permission to quote or publish EU-Digest reports : firstname.lastname@example.org
Suriname: Trial or Surinamese president Bouterse moves to colonial fort where 15 opponents slain in 1982
Judges walked through the capital's waterfront Fort Zeelandia with a witness who has testified that President Desi Bouterse, at the time a soldier and the de facto leader of the dictatorship, was present when the activists were lined up and shot after being detained for hours in an open-air cell once used to hold slaves.
Journalists and members of the public were not allowed into the fort as the judges conducted the hearing, the first outside of a court since the trial began in November 2007.
Bouterse, who was elected president in a parliamentary vote in July, was not required to attend and spent the morning at his office, several hundred meters (yards) away, accepting the diplomatic credentials of the country's new Cuban and French ambassadors.
For more: The Canadian Press: Trial or Surinamese president moves to colonial fort where 15 opponents slain in 1982
Traders turned to some profit taking following a spectacular rally on the back of the Federal Reserve's decision to pump 600 billion dollars into the markets in a bid to boost the US economic recovery.
Next week will see a slew of economic indicators that will once again offer investors a glimpse of the health of the US economy, including retail sales, consumer prices index, housing data and jobless claims.
For more: AFP: After Fed boost, global woes hit Wall Street
The Netherlands: Rightwinger Wilders speaks from two sides of his mouth and givies his party MP a second chance, despite sexual convictions
Last week it emerged Lucassen has a conviction for sexually abusing a female army recruit while he was a sergeant and has been accused of threatening and intimidating his neighbours.
In his statement, Wilders stressed Lucassen has not been convicted of threatening behaviour. Lucassen has admitted being fined twice for 'breaking the law' and was found guilty of sexual offences in 2002. The statement did not give any details about the two fines.
Note EU-Digest: Mr. Wilders who in public has said that people who have been convicted should not be allowed to be public servants contradicts himself when it came to one of his own party members.
For more: DutchNews.nl - Geert Wilders gives controversial MP a second chance, despite convictions
"Everything is at stake - if the euro fails, Europe will fail," she told delegates at the Christian Democrats' party convention, where she was reelected as head of her party. "We need a new culture of stability in Europe," she added.
She even went so far as to criticize her predecessor, Social Democrat Gerhard Schroeder, for giving his consent for Greece to join the eurozone, calling it "irresponsible".
Note EU-Digest: Mrs. Merkel is totally right: Europe needs a new culture of stability.
For more: Greek PM: German proposals put squeeze on debt-laden countries | Europe | Deutsche Welle | 15.11.2010
He said that because of the general issue in relation to the euro currency, the Government would be part of any discussions with their European partners.
For more: Dermot Ahern says bailout reports a 'fiction' - RTÉ News
The exchange is the latest in a lengthy debate over when and where to hold talks between Iran and six nations eager to negotiate restraints on Iran's nuclear ambitions. Iran earlier this week proposed holding the talks on Nov. 23 or Dec. 5 in Turkey, but that would have meant that Turkish officials would host the event and presumably join in. The countries now involved in the long-stalled talks -- the United States, Britain, France, China, Russia and Germany -- are wary of adding another to the mix at this point.
For more: Checkpoint Washington - EU official rejects Turkey as venue for Iran talks
The Airbus A330-200, has a double bedroom with en-suite bathroom immediately behind the cockpit. This links to a private office where an air filter system allows the president to smoke cigars.There is also a conference room, a high-tech communications room and a small operating room
For more: BBC News - Sarkozy makes first trip on controversial new jet
G20 communique: the text in full | Business | guardian.co.uk
For more; Europe Tells Broadband Customers to Swap ISPs if Skype Gets Blocked − ISPreview UK
The fire may have caused the disintegration of the engine’s intermediate pressure turbine disc, according to an emergency airworthiness directive published last night by EASA instructing operators to check for “abnormal oil leakage” in all Trent 900s.
“This condition, if not detected, could ultimately result in uncontained engine failure, potentially leading to damage to the aeroplane and hazards to persons or property on the ground,” EASA said in the directive. The discovery of any discrepancy should “prohibit further engine operation,” the regulator said.
For more: Airbus Blowout Traced to Rolls-Royce Engine Oil Fire - Bloomberg
A power control panel is at the heart of Boeing's investigation into the source of the fire, which caused smoke to waft into the cabin of the second 787 test plane.
“It's too early to answer” whether the incident will lead to a delay in delivery of the first 787 expected in February, said Scott Fancher, vice president of Boeing's 787 program. Boeing's 787 program is already running almost three years behind schedule.
For more: Snohomish County Business Journal: All dreamliners grounded - Boeing unsure whether cabin fire will delay 787 delivery
For more: "Turkey’s challenge to Old EuropeFT.com / Columnists / Philip Stephens
Energy Commissioner Guenther Oettinger said the investment is needed to ensure security of supply, fair competition and a sustainable energy mix across the 27-member body. The strategy will include incentives to save energy in buildings and infrastructure as well as fast-tracking key infrastructure projects.
The euro 1 trillion would come from a combination of industry cash and taxes, and to a much lesser degree, from EU funding. Brussels is expected to commit cash to selected transnational pipeline and power grid projects in its infrastructure strategy, to be unveiled next week.
For more: Wall Street Journal: European Union to spend euro 1 trillion in energy projects
Global Warming: Bank Tax, CO2 Auctions Recommended by Soros Panel to Help Climate Efforts - by Alex Morales and Tim Efstathiou
The panel, which includes billionaire investor George Soros and Larry Summers, director of President Barack Obama’s National Economic Council, said selling carbon-emissions permits would generate $38 billion and a financial transactions tax an additional $27 billion, according to the report released today.
The findings are intended to guide envoys at UN climate talks that start this month in Mexico as they seek ways to pay for $100 billion in climate aid that was pledged by 2020 to poor nations at last year’s summit in Copenhagen. The report found that the goal is “challenging but feasible” to achieve.
For more: Bank Tax, CO2 Auctions Recommended by Soros Panel to Help Climate Efforts - Bloomberg
Four out of Billboard's Top 20 singles this week bear the hallmarks of an unmistakable new Eurodance-meets-urban sound that is all but taking over Top 40 and urban radio.
It's a club-influenced soundtrack for teens and 20-somethings filled with sparkling synth hooks and throbbing beats more Berlin than Baltimore, yet Middle America can't get enough.
For more: 'Euro-hop' music invades America - CNN.com
"Nobody has an interest in creating new bubbles. Instead, we must see to it that growth in the global economy this year is more sustainable and enduring that we had a few years ago," Merkel told reporters.
Critics argue that the Fed's "quantitative easing" stimulus amounts to an effective dollar devaluation, and has the potential to trigger a 1930s-style trade war if other countries respond in kind.
Note EU-Digest: It is interesting to note that all EU countries which copied the US economic philosophy, which basically comes down to "laissez fair economics", with as little controls as possible, are experiencing serious economic problems In Europe these include many of the former Eastern bloc countries, Britain, Ireland. Spain, and to a certain extend Italy.
For more: Merkel slams US ahead of G20 summit - The Local
For more: OHBs Sales Rise on Galileo and Weather Satellite Work | SpaceNews.com
In a speech last night in Berlin in which he argued against protectionist tendencies, he made the case that there were people in every member state who believed their own countries could survive alone in the globalised world.
“It is more than an illusion: it is a lie,” he said as he cited Franklin Roosevelt’s expression that the only thing to fear was fear itself.
Praising the “exceptional” role of German chancellor Angela Merkel in the debt crisis, he said the European authorities had more pressing matters to hand than to reopen the entire internal debate on the nature, the goal and the architecture of the union. Mr Van Rompuy also argued against recent proposals from European Commission chief José Manuel Barroso for the development of own-resource taxation by the EU institutions. Redesigning the way the EU secured its revenue was not a priority, he said.
For more: Van Rompuy concerned at growing EU nationalism - The Irish Times - Wed, Nov 10, 2010
But if the sentient among us could climb inside Bernanke's dopey dreams for a moment a la the film Inception, we might insert the part about production preceding demand so as to make his Utopian visions in the middle of the night whole. In Bernanke's case, it's apparent that he always wakes up before the production aspect enters his incomplete picture. Absent it, the increased demand that Bernanke presumes is no such thing. That's the case because the wealth effect that he naively believes to exist is non-existent.
As a result, Americans and the world will continue to suffer a Fed head that, with every utterance shows how very unequal he is to his job. A self-proclaimed expert on the 1930s, Bernanke continues to intervene in the economy despite clear lessons from that decade showing that government intervention then turned what should have been a brief downturn into a Great Depression.
For more: Bernanke Ignores Basic Laws of Economics | Value Expectations by The Applied Finance Group
The issue of exchange rates is expected to be one of the toughest discussion points at the G20 summit in South Korea later this week.
Michael Hudson, a renowned economist and Wall Street financial analyst and advisor, says the meeting in Seoul will not bring an end to global currency wars.
For more: US declares financial war on world - economist - Politics — RT
The government's plans for deep public spending cuts to help wipe out a record deficit will be tough to implement and could strain services, the International Monetary Fund said on Tuesday. Skip related content
In an update to its annual health-check of the UK economy, the IMF said the government must keep a close eye on how the cuts hit the most vulnerable people in society. Chancellor George Osborne set out plans last month to cut spending by 80 billion pounds to help bring down a budget deficit of 11 percent of GDP.
Half a million public sector jobs are expected to be lost, the retirement age will rise and welfare payments will be slashed as part of the austerity package.For more: IMF says UK spending cuts will be tough to deliver - Yahoo! News UK
For more: euronews - Turkey and EU need each other says Greens’ Cohn-Bendit
Rolls-Royce said a "series of checks and inspections" had been agreed with Airbus operators of the Trent 900 powered A380 and relevant authorities. "These are being progressively completed which is allowing a resumption of operation of aircraft in full compliance with all safety standards," the firm reported.
Rolls-Royce's statement follows the unexplained blast which sent parts of an engine raining down on an Indonesian island soon after flight QF32 took off from Singapore last week.
For more: Financial News | Orange UK
For More: AIG Posts $2.4 Billion As Asset Sales Pick Up - Forbes.com
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Researchers found that while Americans aged 55 to 64 have higher rates of chronic diseases than their peers in England, they died at about the same rate. And Americans age 65 and older -- while still sicker than their English peers -- had a lower death rate than similar people in England, according to findings published in the journal Demography. The paper was co-authored by James Banks and Alastair Muriel of the Institute for Fiscal Studies and James P. Smith, distinguished chair in labor markets and demographic studies at RAND.
"If you get sick at older ages, you will die sooner in England than in the United States," Smith said. "It appears that at least in terms of survival at older ages with chronic disease, the medical system in the United States may be better than the system in England."
For more: Insurance News - Older Americans Less Healthy Than English Counterparts, But They Live as Long or Longer
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The banks threw a party. Reported profits soared, as did bonuses. With free funds, the banks could make money with no risk, by lending back to the Treasury. They could boom the stock market. They could make a mint on proprietary trading. Their losses on mortgages were concealed -- until the fact came out that they’d so neglected basic mortgage paperwork, as to be unable to foreclose in many cases, without the help of forged documents and perjured affidavits.
What about new loans? The big banks had given up on that. They no longer did real underwriting. And anyway, who could qualify? Businesses mostly had no investment plans. And homeowners were, to an increasing degree, upside-down on their mortgages and therefore unqualified to refinance. These facts were obvious to everybody, fueling rage at “bailouts.” They also underlie the economy’s failure to create jobs. What usually happens (and did, for example, in 1994 - 2000) is that credit growth takes over from Keynesian fiscal expansion. Armed with credit, businesses expand, and with higher incomes, public deficits decline. This cannot happen if the financial sector isn’t working.
In the United States, the Federal Trade Commission (FTC) attempted this year to bar operators — telecommunications and cable companies that offer connections to the Internet — from selectively managing the data flowing over their networks to assure that all customers got adequate service. The FTC tried to prohibit their extracting payment from big traffic generators like Google, but the proposal is bogged down in legal challenges. In Europe, the debate is not as far along, but the outcome is equally clouded. In the absence of new regulation, Europe appears to be on track to give mobile network operators a relatively free hand in managing the data flowing over their networks. That could include the imposition of additional charges on voice-over-Internet service rivals like Skype and others.
So far, only the French regulator, Arcep, has released a set of 10 principles it believes should guide operators’ behavior. In general, it recommended that Internet users be guaranteed the right to send and receive information of their choice and to use the applications and services they want, as long as they do not harm the network. Operators could suppress damaging Internet behavior, Arcep said, as long as the actions taken adhered to principles of relevance, proportionality, nondiscrimination, efficiency and transparency.
Note EU-Digest: Corporations Must Keep Their Hands Off The Free Movement Of Information Over The Internet And Refrain From Any form of Financial Exploitation Of The Internet Which Hampers Or Restricts The Free Flow Of Information.
For more: Europe Takes Up Debate on Universal Internet Access - NYTimes.com
First, in what has inevitably been called "Rubygate" after the stage name of Karima El Mahroug, the dancer who entertained at private parties, it emerged that Mr Berlusconi's office had telephoned Milan police in May after she was arrested and accused of theft. He allegedly ordered the police to release her, despite the fact that she was a minor with no proper documents, on the false grounds that her grandfather was Hosni Mubarak, the Egyptian president.
In Italian grand opera, the heroine takes half an hour to die; in the Grand Soap Opera which is Berlusconi's Italy, the government will take half a year, or more, finally to collapse.
For more: Why Silvio Berlusconi is still standing - Telegraph