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7/17/05

Telegraph: Kurdish terrorist strike in Turkey: Holiday bus ride to the beach ends in bloody slaughter

Telegraph

Kurdish Terrorist strike in Turkey: Holiday bus ride to the beach ends in bloody slaughter

Yesterday looked like the perfect day to head for the beach in Kusadasi. It was 31�C under a cloudless sky and holidaymakers who boarded an early-morning minibus taxi to the nearby Ladies Beach probably had little more on their minds than what factor sun cream to apply. Then came the carnage. At 10.30am, just as the minibus was approaching its final stop in Ataturk Square, central Kusadasi, a blast ripped through the minibus, blowing off its roof and scattering metal for yards around. Bloodied human remains lay on the road surface. Police officials said that the preliminary evidence pointed to a female suicide bomber of Turkish nationality belonging to a Kurdish terrorist group, believed to be in possession of hundreds of kilograms of such explosive obtained from Iraq. Kurdish terrorists are presently finding a safe heaven in the Kurdish controlled Northern Iraq, while US forces stationed there are turning blind eye to these operations.

7/16/05

EU-Digest: Skype is free Internet telephony that just works

EU-Digest

Skype is free Internet "telephony" that just works

What SKYPE has got is a simple bit of software they want to give you. It’ll let you make calls to your friends all over the world via your computer. And they don’t want any money for it. It’s free. You could think of SKYPE as the big, free Internet telephony company. SKYPE says they prefer to think of themselves as a big group hug. And SKYPE doesn’t just work on Windows, like some other software you may know. Skype is also for Mac OS X, Linux and PDAs using Pocket PC, with a native look and feel for each platform. Talking, sending instant messages or even file transfers work between different platforms like a charm. For more information just go to EU-Digest at http://www.eu-digest.com, and look for SKYPE on our links panel. Click on it for further details, download, and start calling.

The New York Times: The Netherlands: Tolerating a Time Bomb

New York Times

The Netherlands: Tolerating a Time Bomb

For centuries the Netherlands has been considered the most tolerant and liberal nation in the world. This attitude is a byproduct of a disciplined civic society, confident enough to provide space for those with different ideas. It produced the country in which Descartes found refuge, a center of freedom of thought and of a free press in Europe. That Netherlands no longer exists. The murder last year of the filmmaker Theo van Gogh, whose killer was convicted this week, and the assassination of the politician Pim Fortuyn in 2002 marked the end of the Holland of Erasmus and Spinoza.

No, the Dutch suddenly did not become intolerant and insular. But these killings showed the cumulative effect of two forces that have shaken the foundations of Dutch civic society over the last 40 years: the cultural and sexual revolution of the 1960's and 70's and the influx of Muslim workers during those years of prosperity. While most of Europe points to that epochal year of 1968 as a watershed, perhaps no country was affected as profoundly by the radicalism of the times as the Netherlands. In less than 15 years most forms of traditional authority and hierarchy, the counterbalancing forces that made Dutch tolerance possible, were undermined. Among students and the intellectual elites, "civil disobedience" in itself was more admired than the point behind such actions. Provos - students and artists staging absurdist "happenings" - and squatters ruled the streets, and in 1980, the apogee of Holland's cultural revolution, the coronation ceremony of Queen Beatrix in Amsterdam vanished behind a haze of tear gas and anarchistic rioters. Hence the current image of Dutch tolerance: marijuana served at coffee shops, police officers growing their hair as long as the Grateful Dead, gays and lesbians coming out of the closet without fear or hindrance, public television showing full nudity and, for those who prefer not to work, a government package of benefits that makes a toil-free life entirely feasible. The second, simultaneous, change in Dutch life was the recruitment of young men from the Rif Mountains of Morocco, most illiterate and many with only a rudimentary grasp of spoken Dutch, to work in Holland's rapidly expanding industries. When they came to the country, often under long-term government work visas, they were faced with a highly educated but apparently decadent society in the grip of a cultural revolution. Many were astonished: was this country some sort of freak show? No, it certainly wasn't. Under the effusive "anything goes" exterior, the majority of Dutch people held on to their disciplined Calvinist values. To the immigrants, however, this core was all but invisible. Note EU-Digest Although this is a relatively actual description of the present situation in the Netherlands, it can also be noted that the Netherlands earlier one of the star performers in the European Union, started to head for disaster when two years ago voters there elected a conservative government headed by Mr. Jan Balkenende, who embraced the US military campaign in Iraq by sending troops there and instituted American style "deficit based" market economics, instead of remaining tied to the successful "Dutch polder model" of social, political, and economic consensus. Today the Netherlands has the worst performing economy of all 25 countries in the European Union. The European statistics agency Eurostat reported on Thursday that economic prosperity in the Netherlands dropped by 0.5 percent in the first quarter when compared with a year earlier. Only Italy and Malta came close to this poor result with 0.2 percent and 0.1 percent drops respectively. Balkenende today has a 28% popularity rating among Dutch voters, and voters humiliated him when they voted against the EU Constitution which he had endorsed.

Expatica - Dutch economy is worst performer in European Union

Expatica

Dutch economy is worst performer in European Union

The Netherlands has the worst performing economy of all 25 countries in the European Union. The European statistics agency Eurostat reported on Thursday that economic prosperity in the Netherlands dropped by 0.5 percent in the first quarter when compared with a year earlier. Only Italy and Malta came close to this poor result with 0.2 percent and 0.1 percent drops respectively. The union as a whole registered economic growth of 1.4 percent when compared with the year earlier. Compared to the preceding quarter, the EU's economy grew by 0.5 percent This is yet again lower than the US and Japan which saw their economies grow by 0.9 percent and 1.2 percent respectively.

Mathaba News: In Times of Terror the Truth takes a Tumble

Mathaba News

In Times of Terror the Truth takes a Tumble

Across the Atlantic, Thomas Jefferson knew the potential of government to obfuscate: "It is error alone which needs the support of government. Truth can stand by itself.” he stated.

Governments take a natural liking to propaganda. Nazi Germany’s propaganda minister, Joseph Goebbels taught them: “If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State." And George Orwell, the great predictor of the times of double-speak and thought-control we now live in, agreed: “During times of universal deceit, telling the truth becomes a revolutionary act."

Media Monitors Network (MMN): From 9/11 to 7/7: Crusade Intensifies - by Abid Ullah Jan

Media Monitors Network (MMN)

From 9/11 to 7/7: Crusade Intensifies - by Abid Ullah Jan

The staged terrorist attacks are the occasions when even the most honest and sincere of us lose sight of the reality and start taking things on the face value alone. One can guess this from the statements of George Galloway and others who called it “shock and awe” in London. Blair brought Islam and Muslims into the fry right away: “We know that these people act in the name of Islam, but we also know that the vast and overwhelming majority of Muslims, here and abroad, are decent and law-abiding people who abhor this act of terrorism every bit as much as we do.” Does it ring the familiar bell of the clash of civilisations and blaming Muslims without a single shred of evidence available at hand? Blair and Bush’s values are known to the world since they lied, invaded Afghanistan and then Iraq to continue brutal occupation and wreak terror into the lives of humiliated Iraqis. What we need to find here is the clues to this bombing from the public record available before the event unfolded on July 8, 2005 because it is confirmed that like 9/11 there would be no investigation. Even if there is any investigation, it would simply confirm what Blair had to say. Those who remember, the Indian Express and others reported Associated Press story on June 24 that BBC announced it would time delay “sensitive” news. Immediately, keen observers concluded that England would soon be the next site of a staged “terror” attack.

7/15/05

ekathimerini.com: Greek Economy growing fast

ekathimerini.com

Greece is again claiming the fastest-growing economy in the European Union, a mixed bag of economic data appeared yesterday that provided some encouragement to the country's jobless while showing that state finances remain in trouble. The Greek economy expanded by 2.4 percent in the first four months of the year, easily outpacing the EU average of 0.5 percent, according to Eurostat, the bloc's statistical arm. Greece's growth was the highest among the 25 member states.

University of Pittsburgh: Pitt's European Union Center Receives Dual Honors From European Commission

University of PittsburghPitt's European Union Center Receives Dual Honors From European Commission

The University of Pittsburgh's European Union Center (EUC) and its director were both recently honored by the European Commission. Director Alberta Sbragia was named Jean Monnet Chair ad personam, and the center was designated a European Union Center of Excellence (EUCE). Sbragia, a Pitt professor of political science and director of the Center for West European Studies (CWES), of which EUC is a part, was one of only two academics to be named Jean Monnet Chair ad personam this year. The new chairs join a group of seven elite American academicians whose careers exemplify excellence in teaching and research related to the European Union. According to the European Commission, “The title Jean Monnet Chair ad personam is reserved for professors showing evidence of a high level European commitment that is recognized by the academic world, at both national and international levels.” “Pitt's successful bid to renew its European Union Center is all the more remarkable since the number of funded centers has dropped from 15 to 10. It is testimony to the extraordinary leadership of Alberta Sbragia that our EUC was re-funded in such a competitive environment,” said William Brustein, senior executive director of Pitt's University Center for International Studies and a professor of sociology, political science, and history. “The strength of our European Union studies program would not be what it is without Alberta's international reputation as a scholar, and so I am doubly pleased that the European Commission has awarded her the Jean Monnet Chair ad personam.”

Reuters.com: New 'Dutch disease' has lessons for U.S. housing

Reuters.com

New 'Dutch disease' has lessons for U.S. housing

The term "Dutch disease" refers to the 1960s, when the discovery of natural gas in the Netherlands led to a sharp rise in exports, driving up the currency and hurting export-oriented manufacturers. But Europe's sixth-largest economy recovered to be the envy of its neighbors with low unemployment and growth rates of 2.9 to 4.3 percent from 1994 until 2000, helped by wage restraint and booming exports. Rising asset prices allowed Dutch pension funds to keep premiums low, and house prices, which rose by a half from 1997 until 2000, stimulated consumption further as owners borrowed --and spent -- against the higher value of their homes. The Dutch central bank estimated in 2003 that spending on consumer goods, electronics and holidays financed by cheap mortgages boosted gross domestic product by as much as 1 percentage point in 1999 and 2000. "House prices tend to stimulate consumer spending so much that just removing that stimulus tends to lead to a sharp deceleration of consumption," Fortis economist Nick Kounis said. "For the housing market to start being a drag on consumer spending, you just need it to stop providing a boost." In the United States, economists worry that an end to the housing price surge could make the 2000 bursting of the technology stocks bubble look tame in comparison. Federal Reserve chairman Alan Greenspan has warned of "froth" in some regional U.S. housing markets as prices soar at double-digit annual rates. In Britain, booming house prices helped finance a consumer boom in the last few years as Britons extracted a record amount of equity from the rising value of their homes. But the era of British house prices rises of 25 percent or more per year is clearly over especially after five interest rate hikes. Analysts say that prices could soon fall, and spending habits are already changing.

Business Times: Q1 Eurozone economy chalks up 0.5% growth: Q1 Eurozone economy chalks up 0.5% growth

The Business Times

Q1 Eurozone economy chalks up 0.5% growth

The eurozone economy grew 0.5 per cent in the first three months of this year from the final quarter of 2004 amid wide divergences between individual countries, a second estimate released on Thursday by the EU's Eurostat statistics arm showed. The rate, which was unchanged from a first estimate, marked an improvement from the 0.2 per cent growth posted by the 12-state eurozone in the fourth quarter of 2004. The Eurostat growth figures showed that across the full 25-state EU, growth was also 0.5 per cent in the first quarter following 0.3 per cent in the last quarter of 2004. On a 12-month basis, the eurozone economy grew 1.4 per cent in the first quarter and that of the entire EU 1.6 per cent. Separately, the European Union's executive commission forecast that the eurozone was on track for growth in a range of 0.1-0.5 per cent in the second quarter and 0.2-0.6 per cent in the third quarter.

www.bizjournals.com: SuperLiner Carnival Liberty joins fleet for Carnival's first ever Mediterranean Cruises

www.bizjournals.com

SuperLiner Carnival Liberty joins fleet for Carnival's first ever Mediterranean Cruises

In ceremonies in Monfalcone, Italy, the Miami-based cruise line took delivery of the 110,000-ton Carnival Liberty. The SuperLiner is the 21st vessel in Carnival's "Fun Ship" fleet. Carnival has a second SuperLiner - Carnival Freedom - on order, set to enter service before February 2007. Before Carnival Liberty starts its Mediterranean schedule, she is to operate a special, three-day introductory cruise July 16-19, followed by a pierside overnight gala in Civitavecchia, Italy, July 19. That same evening, the ship is to be "officially" named by godmother Mira Sorvino. "Carnival Liberty is a spectacular addition to the 'Fun Ship' fleet and we're looking forward to the exciting inaugural festivities, as well as the start-up of our first-ever Mediterranean cruise program, which features some of the region's most charming and historic ports of call," said Bob Dickinson, Carnival president and chief executive officer. Carnival Liberty's seven-port, 12-day Mediterranean cruises are to operate round trips from Civitavecchia, July 20-Oct. 12, and include visits to Naples, Italy; Dubrovnik, Croatia; Venice, Italy; Messina, Sicily; Barcelona, Spain; Cannes, France; and Livorno, Italy.

Business Standard - Opinion & Analysis: Jamal Mecklai: Money for nothing, really!

Business Standard-Opinion & Analysis

Jamal Mecklai: Money for nothing, really!

US corporations have the equivalent of $542 billion (close to India’s GDP) as undistributed corporate profits, and that this number has almost doubled in the past two years. Closer to home, Business Standard has reported that 700 Indian companies had nearly $7 billion of cash on hand, compared to less than a billion last year. This could mean that companies are extremely risk-averse—they are holding on to cash because they fear the future. But most other indicators of risk—volatility of global financial markets, for one—are signalling high risk-taking behaviour on the part of investors. Further, global growth and growth prospects are all high (for the US) to very high (for India).The other possibility is that the value of capital has fallen. Which is why the returns on so-called risk-free capital are so low and, incidentally, have been low—less than 6% for 10-year US government bonds—for nearly a decade. To my thinking, they will continue to remain low (and, perhaps, even fall further) till such point as the value of knowledge—determined, say, by the price of education—reaches stratospheric levels.

7/14/05

Expatica - EU will accelerate measures to tackle anti-terrorism

Expatica

EU will accelerate measures to tackle anti-terrorism

Britain on Wednesday won pledges of joint European Union action to fight terrorism, including promises to introduce a controversial system for storing data on phone calls, text messages and e-mails across the bloc. A crisis meeting of E.U. interior ministers called in the wake of last week's devastating bomb attacks in London - and chaired by British Home Secretary Charles Clarke - issued a four-page declaration vowing measures to cut-off funding for terrorists, intensify intelligence sharing and improve exchange of data on lost and stolen explosives.Note EU-Digest: probably more important than sharing data about potential terrorist threats is also looking at the causes which have created local bred religious extremists on the territory of the EU.

EUobserver.com: Chirac self-confident on Bastille Day

EUobserver.com

Chirac self-confident on Bastille Day

French president Jacques Chirac does not feel weakened but stands tall when he is abroad, he said during a traditional TV interview on the French national holiday (14 July). "When I am outside of France... I feel self-confident", he told the two biggest national French TV channels, TF1 and France 2 on Thursday. "I do not feel humiliated by the French no [to the EU constitution]", Mr Chirac added. The president's popularity has been plunging in France since the non to the EU charter, the European summit in June and more recently the victory of London over Paris in obtaining the 2012 summer Olympic games. The Bastille day interview was an opportunity for president Chirac to try to win back the confidence of French citizens.

International Relations and Security Network ISN - France reintroduces EU border controls

International Relations and Security Network ISN

France reintroduces EU border controls

France has reintroduced border controls with its EU neighbors in response to perceived threats after last week’s terrorist attacks in London that killed at least 52 people. To authorize the controls, France on 8 July activated a clause in the Schengen agreement that allows EU countries to implement or remove controls over their common borders. “If we don’t reinforce border controls when around 50 people die in London, I don’t know when I would do it,” French Interior Minister Nicolas Sarkozy said on the sidelines of a meeting of EU interior ministers in Brussels on Wednesday. France has used the clause in the past, mainly for major sporting and political events, but Sarkozy said it was activated this time in response to the London bombings. Following the move by France, Italy’s Interior Minister Giuseppe Pisanu announced that his country would be reinforcing its old border zones with Austria and Slovenia, the Efe news agency reported. In June 1985, in the small Luxembourg town of Schengen, seven EU countries signed a treaty to end internal border checkpoints and controls. More countries have joined the treaty over the past years. At present, there are 15 Schengen countries: Austria, Belgium, Denmark, Finland, France, Germany, Iceland, Italy, Greece, Luxembourg, the Netherlands, Norway, Portugal, Spain, and Sweden. All are EU members except for Norway and Iceland.

World Business Council for Sustainable Development: The Environment: America feels the heat

World Business Council for Sustainable Development (WBCSD)

The Environment: America feels the heat

The gap between scientists' increasingly urgent warnings about climate change and the lack of action by politicians was never more apparent than at the end of the G8 summit in Gleneagles last week. Much of the reaction across the world was of disappointment, of hopes dashed by the intransigence of the US president, George Bush. But the fact that the issue had such a high profile at the summit was a milestone in itself, and a tribute to Tony Blair's political courage. He took the risk of being branded a failure because he was unable to influence his Iraq war ally. Unlike previous summits, not even broad agreement on climate change could be reached before the summit. In addition, there was even less intelligence than usual being used by civil servants to link the other big issue, Africa, with climate change. There will be no solving the problems of hunger, disease, poverty and migration in Africa unless the increasing drought and heat is tackled at the same time. In the event, the best world leaders managed to agree was: "Climate change is a serious and long-term challange that has the potential to affect every part of the globe . . . While uncertainties remain in our understanding of climate science, we know enough to act now to put ourselves on a path to slow and, as the science justifies, stop and then reverse the growth of greenhouse gases." The scientists conclude: "It is also time for the president to stop repeating the deceit that reducing global warming pollution will wreck the American economy, when the growing market for more energy efficient buildings, appliances and vehicles, renewable energy production, and biomass and biofuels feedstock is already proving to be profitable for US companies." In other words, the tide is turning both in the developing world and in America. Gleneagles could just have been the last hurrah for the climate sceptics. If the scientists are right, it had better be so.

The Globe and Mail: Would you go to prison for Karl Rove? - (Is the noose tightening around the neck of George W. Bush?) - by MARGARET WENTE

The Globe and Mail

Would you go to prison for Karl Rove? - (Is the noose tightening around the neck of George W. Bush?)- by MARGARET WENTE

A CIA agent has been outed. A Pulitzer Prize-winning reporter is in jail for refusing to reveal her sources -- for a story that was never published. Bob Woodward has nobly offered himself up to do jail time in her stead. The special prosecutor is on the hunt for criminals inside the White House. Those criminals may include the President's evil mastermind himself. The standard media spin goes like this: Judith Miller, the brave New York Times reporter, is a hero for sacrificing her freedom in order to uphold the freedom of the press. Norman Pearlstine, Time magazine's editor-in-chief, is a despicable sellout for deciding to co-operate with the investigation. Karl Rove, the president's evil (did I mention sleazy?) mastermind, is guilty as hell for leaks that revealed the identity of a CIA spy (a federal offence) in order to smear an enemy of the administration. George W. Bush, who once vowed to fire all leakers, is a hypocrite for not firing Mr. Rove (whose nickname, let's not forget, is Turd Blossom, after a special Texas flower that blooms in cow pies). Press freedom everywhere is in danger. No doubt the plot will keep on thickening. Meantime, there are only two things I know for sure. Karl Rove is a snake. And press freedom is not in any imminent danger. Whenever you see the media stampeding for the high road, ask yourself why.

CanadianChristianity.com: Canadian New Brunswicker joins Noah's Ark expedition to Mount Ararat in Turkey

CanadianChristianity.com

Canadian New Brunswicker joins Noah's Ark expedition to Mount Ararat in Turkey

David Graves seems an improbable candidate for an archaeological expedition in search of Noah's Ark. He is the sole Canadian on the 18-member team with ArcImaging, an evangelical Christian archaeological research group preparing to scale Mount Ararat in Turkey this summer. Graves, director of computer services and a part-time faculty member at ABU, is more than a little excited about the prospect of climbing Mount Ararat. He is working on his doctorate in Biblical Studies from the University of Aberdeen and Highland Theological College in Scotland, and teaches archaeology as part of an ABU-Oxford program in England. The 48-year-old has visited many archaeological sites in Israel, Turkey and Egypt, but this will be his first "dig." Graves' main task on the mountain will be to run the Ground Penetrating Radar (GPR) to map slices of everything beneath the ice to the mountain's volcanic surface. Ararat is 17,274 feet high -- the highest mountain in Turkey and the largest mountain in the world by mass. The mountain's peak above 15,000-foot elevation is under an icecap of 200-300 feet. Graves is undergoing rigorous physical training to improve stamina and cardiovascular fitness in preparation for the climb. He also hopes the training will help him avoid altitude sickness, a potentially fatal respiratory illness associated with oxygen-thin mountain air. Other hazards of the climb and mountaintop work site include lightning; no trees to protect from sudden snowstorms; steep, icy cliffs; plus wild dogs and scorpions at lower elevations. Graves is also endeavouring to raise $14,000 for his winter clothing, specialized ice-climbing equipment, training and general expenses. As a biblical scholar, Graves believes the biblical narrative of the Great Flood, which says that Noah's Ark went aground in Mount Ararat region. Faith and science can co-exist, he says and he believes this expedition is about seeking scientific proof for biblical fact.The team hopes the Turkish government will grant research visas for the trip. The international team, including nine Christian archaeologists, glaciologists, experienced Ararat climbers and photographers, is being recruited to investigate the site sometime between July 15 and August 15. The threat of military manoeuvers -- the cause of visa refusals for the last couple of years -- may prove their biggest obstacle. Mount Ararat is on the border of Iraq and Iran, with Middle East tensions posing danger to outsiders.

Julius Caesar remembered

Julius Caesar

Julius Ceasar remembered

July 12th-- was the birthday of Julius Caesar, born in Rome around 100 B.C., who became one of Europe's greatest statesmen and military commanders. Speaking about patriotism Julius Caesar said, "Beware the leader who bangs the drum of war in order to whip the citizenry into a patriotic fervor. For patriotism is indeed a double-edged sword. It both emboldens the blood, just as it narrows the mind."

7/13/05

Czech Business: Poland plans to push ahead with EU constitution referendum

Czech Business

Poland plans to push ahead with EU constitution referendum

Marek Borowski, the leader of a young left-wing party, the Polish Social Democrats, believes it could do more than strengthen Poland: a Polish “Yes” could result in a longed-for reversal in the roles that Poland and France have played in Europe. “This is a great opportunity for Poland,” Borowski said May 29. “It has always been France that decided about integration. Now we can say how we understand it.” The government duly announced June 6 that a referendum would be held Oct. 9, the same day as the first round of presidential elections. Ordinary Poles seem to agree that the country should press ahead. An opinion poll conducted by the OBOP polling agency in the days after the French and Dutch referendums indicated that 59 percent of Poles want a referendum and that more than 50 percent of them (58 percent) would turn up, thereby ensuring the results would be valid. A quarter opposed a referendum, which had originally been penciled in for the fall.

InformationWeek: Anti-Trust Investigation-European Union Raids Intel Offices

InformationWeek

Anti-Trust Investigation-European Union Raids Intel Offices

Intel offices in England, Germany, Spain and Italy have been raided by European Commission and local officials as part of an investigation into possible antitrust violations, the company said. Intel added that it believes its business practices are legal and fair. As well as the Swindon, Munich, Madrid and Milan offices of Intel Corp. subsidiaries in Europe, chip distributors and computer makers were raided by European Commission and local officials on Tuesday (July 12) as part of an investigation into possible antitrust violations, according to a Reuters report which cited a spokesman for the European Union as its source.

7/12/05

eGov monitor: Skills for Europe - Building a Knowledge Society

eGov monitor

Skills for Europe - Building a Knowledge Society

Education and Skills Secretary Ruth Kelly will today call on her fellow EU education ministers to join her in the challenge to increase investment in skills for the 21st Century. She will tell an Informal meeting of Education Ministers being held in London that it is time for them to take centre stage in pursuing the Lisbon Agenda to provide a stable foundation of increased employment and make Europe the most competitive and dynamic knowledge based economy in the world. Mrs. Kelly, who will chair the meeting, will tell European Ministers that she believes education and skills cannot only drive up economic performance but can have a positive impact on nations' societies and the lives of their citizens.

Prague Daily Monitor: Vladimir Spidla, Czech EU commissioner suggests ways for EU to cope with population ageing

Prague Daily Monitor

Vladimir Spidla, Czech EU commissioner suggests ways for EU to cope with population ageing

Spidla said that ageing will cause 21 million people, or 7 percent of workforce, to leave the labour process by 2030. This will cause a direct decline in planned economic growth unless something is done, Spidla said. Time is running out. The rapid population decline will begin in 2011, he added. The extension of people's life span should not be considered negative. It is a clear success. But combined with a declining birth rate, it puts Europe into a difficult situation which it must prepare for, Spidla said. Czech Labour and Social Affairs Minister Zdenek Skromach (CSSD) said the Czech government considers the improvement of birth-rate-enhancing conditions to be a crucial task. He called for the state to help families not to be viewed as a burden but as an investment in the future and a precondition for solidarity between generations.

Lahontan Valley News and Fallon Eagle Standard: World oil supply shrinks while big oil merges

Lahontan Valley News and Fallon Eagle Standard

World oil supply shrinks while big oil merges

Gas prices show no signs of moderating anytime soon, but what really spells deeper trouble for the U.S. economy are the recent record prices for crude oil, which have topped $60 a barrel.The watchdog organization Public Citizen claims the United States has allowed a few big oil companies to go on a merger mania over the past five years and gobble up market share in the gasoline refining and wholesaling business. The biggest five oil companies now control 62 percent of the retail gas market, the organization says. While consumers feel the immediate pinch at the gas pump, that's really only the tip of the iceberg. High oil prices affect everyone by driving up the cost of everything from airline travel to televisions shipped by truck. When industry pays more for energy to make products consumers also end up paying more. It's the old trickle down theory at work. At some point, if high energy prices continue for a lengthy period of time, the prospect of inflation enters the picture and the purchasing power of consumers becomes even weaker as prices for goods go up. While we as consumers of gasoline can reduce the amount of driving and buy vehicles that use less gas, we can't do that much about the bigger picture of crude oil supplies and the factors that influence worldwide supply and demand. OPEC is the supplier of the raw product and big oil is the refiner and wholesaler, but there's more. In an ever-changing global economy, China is industrializing at an incredibly fast pace and seeking a larger share of the world's crude oil supply. The fossil-fuel burning U.S. economy is in global competition for the same oil supplies, which can be pumped in their country of origin at a finite rate. China is becoming a much bigger player on the world oil market, snapping up supplies and helping to drive the prices of crude oil futures upward. That, too, will trickle down to U.S. consumers.

Aljazeera.Net: Al-Qaida -Wrong answers to real problems

Aljazeera.Net

Wrong answers to real problems

Al-Qaida -Like these modern revolutionary nihilists, al-Qaida warriors subscribe to an instrumentalist logic that recognises no distinction between the legitimate and illegitimate, thereby sanctioning acts of terror for the attainment of their ends. Like them, they are more interested in the act of destruction than its effects. As the father of Russian anarchism Mikhail Bakunin put it, 'the passion for destruction is also a creative passion'. Al-Qaida is also a revival of the radical currents that surfaced in Islamic history from time to time only to be defeated by moderate mainstream Islam led by the Ulama (scholars). In particular, they appear to be a continuation of Kharijite thought with its dualistic puritanical conception of the world and the community of Muslims and of Gnostic underground organisations like the Assassins and Qaramita, who sought to disrupt the stability of Muslim societies through acts of terrorism. Al-Qaida would be best seen as a mixture of these political and ideological strands. Apart from the ideological justifications it takes recourse to, one would, indeed, be hard put to find much that distinguishes it from Latin American anarchist groups. Their acts share the same destructive ferocity, the same absurdity. The difference is that where one finds its ideological legitimacy in Marxism, the other seeks it in the Islamic religion. How can the murder of the innocent be perpetuated in the name of a religion that likens the loss of one human life to the loss of humanity at large? How can Islam be said to sanction such acts of aggression when it openly forbids revenge and declares in no less than five Quranic chapters that: "No bearer of a burden bears the burden of another"? The causes al-Qaida extremists speak for are certainly just causes. The sanctioning of genocide and occupation in Palestine, slaughter of hundreds of thousands in Iraq through exposure to depleted Uranium and years of barbaric sanctions first, then through bombing and shelling without bothering to count the dead, brutal invasion of the country, destruction of its infrastructure and humiliation of its people undoubtedly rank among modern history’s bloodiest crimes and darkest tragedies. But the mindless killing of the innocent in Madrid, or New York is the wrong answer to these real grievances. These are illegitimate responses to legitimate causes. Just as occupation is morally and politically deplorable, so, too, is this blind aggression masquerading as Jihad.

Telegraph: Islam does incubate terrorism

Telegraph

Islam does incubate terrorism

"There are no Muslim terrorists. There are terrorists," Father Paul Hawkins of St Pancras parish church (England) told his congregation on Sunday. "The people who carried out these attacks are victims of a false religion, be it false Christianity or false Islam". When events such as last Thursday's occur, two things happen, usually within hours if not minutes: first, spokespersons for Islamic lobby groups issue warnings about an imminent backlash against Muslims (very few actually condemn the attacks). Among those of us who aren't Muslim, meanwhile, there's a stampede to be first to the microphone to say that "of course" we all know that "the vast majority of Muslims" are not terrorists but law-abiding peace-loving people who share our revulsion at these appalling events, etc. (Let us not be hypocrites) Terrorism ends when the broader culture refuses to tolerate it. There would be few if any suicide bombers in the Middle East if "martyrdom" were not glorified by imams and politicians, if pictures of local "martyrs" were not proudly displayed in West Bank grocery stores, if Muslim banks did not offer special "martyrdom" accounts to the relicts thereof, if schools did not run essay competitions on "Why I want to grow up to be a martyr".At this point, many readers will be indignantly protesting that this is all the fault of Israeli "occupation", but how does that explain suicide bombings in Afghanistan and Pakistan, where there's not a Zionist oppressor for hundreds of miles? Islam has become the world's pre-eminent incubator of terrorism at its most depraved. Indeed, so far London has experienced only the lighter items on the bill of fare - random bombing of public transport rather than decapitation, child sacrifice and schoolhouse massacres. We are surprised that "Muslim moderates" rarely speak out against the evil committed by their co-religionists when the likes of Mr Paddick keep assuring us there's no problem? It requires great courage to be a dissenting Muslim in communities dominated by heavy-handed imams and lobby groups that function effectively as thought-police."

Bloomberg.com: Netherlands Privatizes its Postal System - Netherlands Sells About Half of TNT Stake, Raises EU900 Million

Bloomberg.com

Netherlands Privatizes its Postal System - Netherlands Sells About Half of TNT Stake, Raises EU900 Million

The Netherlands' government raised 900 million euros ($1.1 billion) with the sale of about half its stake in TNT NV, Europe's second-biggest express-package delivery company. The state retains a 10 percent stake in Hoofddorp, Netherlands-based TNT following the sale of the 43.4 million shares and won't sell any further stock for 360 days, the ministry of finance said today in an e-mail.

Workpermit.com: Young people name best places to immigrate

workpermit.com

Young people name best places to immigrate

A survey carried out on over 17,000 people in 16 countries, asked the question: Suppose a young person who wanted to leave this country asked you to recommend where to lead a good life, what country would you recommend? Australia was the top choice of respondents from Britain (31 per cent) and Canada (18 per cent), while Americans and the French chose Canada (16 and 14 per cent respectively). Australia and Canada were the most recommended destinations for people from the Netherlands and Germany. Britain was the top choice from those asked in Spain and Poland, while those from India overwhelmingly suggested the United States as a top emigration destination (38 per cent). Somewhat surprisingly, not one of the 16 countries picked New Zealand as their top choice. The other countries to be recommended were Germany (by Turkey and Russia), China (by Pakistan), France (by Lebanon), Japan (by Indonesia), and the United Arab Emirates (by Jordan).

7/11/05

South Florida Sun Sentinel: U.S. presence needed in global community

South Florida Sun-Sentinel

U.S. presence needed in global community

Every day, there are fewer places in the world where economic developments do not have a direct influence on the U.S. economy and U.S. investors. Unfortuinately however, as we enter the second half of 2005, the investment picture seems frozen in place. A highly productive economy needs workers to perform the tasks that Baby Boomers will seek when they cash in their stocks and bonds in retirement. "Economists have missed the importance of the immigration trend," he said. So have many politicians. The solution to the debilitating bout of inwardness requires a difficult step. We need to capture Osama bin Laden and move on from the 9/11 disaster. The assault on New York and Washington--more precisely, the cynical political exploitation of the attack--has poisoned America long enough. The whole world is watching and waiting for American leadership to get over it. US prosperity depends on America re-entering the global community.

Social Values, Science & Technology : report Eurobarometer


More: Eurobarometer

An indepth independent survey of what the Citizens of the European Union see as being important to them. These figures are broken down to reflect each EU Member Nations opinion.

The Post.IE: Differing reactions: London and Madrid

The Post.IE

Differing reactions: London and Madrid

The March 2004 train bombings in Madrid, which killed 192 people in Spain's worst ever terrorist attack, led to massive political fallout but did not have significant economic repercussions. The effect of last week's bombings in London on the Labour Party and the British economy remain to be seen, but few predict it will have a serious impact on the stability of Tony Blair's government. Spain's ruling party suffered a stunning defeat in an election days after the March 11 bombings. The Socialist Party (PSOE), which opposed the Iraq war and the Spanish government's position, won an unexpected victory. A British general election is not expected for several years yet.

edmontonsun.com - Iraq key to bombings in London

edmontonsun.com

Iraq key to bombings in London

The London attacks targeted the capital of a country that is a member of the U.S.-led war in Iraq. Following the London attack there was an announcement by a group calling itself "The Secret Organization of al-Qaida in Europe,'' which warned Denmark and Italy to expect "the same punishment if they do not withdraw their troops from Iraq and Afghanistan." Italy has announced it will withdraw it troops, "not because it was threatened, but because it had already been planned before."

Knight Ridder: Iraq: Learning lesson of Vietnam all over again

Knight Ridder

Iraq: Learning lesson of Vietnam all over again

"After a rousing July 4th holiday weekend, complete with flag-waving, fireworks, assorted burned meat products and a wealth of patriotic speeches, it is time to come back to the harsh realities of this earth and our role in it in the fifth year of this new century and new millennium. Anyone who writes critically of the conduct of the war in Iraq is asked, over and over, why we focus on the bad news and never write the good news about that country, its people and our soldiers who are caught in the middle of a very bloody birth of some version of representative government. The truth is that every time we sit down to analyze what is going on in Iraq the results are seriously depressing. At least Rumsfeld now knows how deep a swamp Iraq has become and recently acknowledged that this struggle, and the American military combat role, could drag on for many years. That's more than can be said of his bosses, President Bush and Vice President Cheney, whose recent remarks on Iraq and the war range from the president's continued mantra "stay the course" to the veep's absurd characterization of the daily din of terrorist bombings as the last gasps of a defeated enemy. On this one, we are better off believing Rumsfeld's analysis of where we are and where we are going and that it could take many years: Even a broken clock is right twice a day. Still it begs the question whether the secretary of defense really believes that the next president or two or the American people will continue to provide blank checks for someone else's mistake." Italy is pulling out its troops from Iraq this year. Britain may not be far behind. Isn't it time the US starts thinking about an exit strategy?

Latest update: Iraq Coalition Casualties, Wounded and Civilian Casualties

Latest update Iraq Coalition Casualties

Total number of "coalition" casulties now amount to 1943 soldiers killed of which 1,753 from the US and 90 from the UK. The total number of seriously wounded coalition troops presently stands at 13,189 and the total number of Iraqi Civilians, Military, and Police killed stands at more than 100,000.

IHT: Oil prices threaten EU growth

International Herald Tribune

Oil prices threaten EU growth

Joaquín Almunia, the European commissioner for economic and monetary affairs, said that oil prices might lower euro-zone economic growth this year by 0.2 percentage point, to 1.4 percent, according to an article to be published Monday in the German newspaper Die Welt. High oil prices and a strong euro already led the European Commission in April to cut its growth estimate for euro-zone gross domestic product this year to 1.6 percent from the 2 percent forecast last October.

7/10/05

FT.com: Luxembourg says Yes in referendum vote for EU constitution: 13th country to ratify the treaty

FT.com

Luxembourg says Yes in referendum vote for EU constitution: 13th country to ratify the treaty

Luxembourgers supported the constitution by 56.5 per cent to 43.5 per cent in the referendum, a slightly larger margin of victory than government officials had expected. "This is a very important vote for Luxembourg," said a relieved Mr Juncker. "The message that has emerged from our vote is that the constitution is not dead." The result will bring modest cheer to Brussels after the French and Dutch double No votes six weeks ago plunged the EU into a political crisis. The Luxembourg vote, the 13th country to ratify the treaty, also gives renewed life to Mr Juncker's ambitions of high office in Brussels. An influential figure in European affairs, the prime minister is thought to covet the role of permanent president of the European Council, representing the EU's 450m citizens - if the post is created.

New Kerala: Italy to start pulling out troops from Iraq in September

New Kherala

Italy to start pulling out troops from Iraq in September

Italian Prime Minister Silvio Berlusconi said here on Friday that Italy will pull out some of its 3,000- strong forces from Iraq as planned in September. “As far as our troop withdrawal goes, the situation has not changed. We will begin, as I have already announced, a partial withdrawal of around 300 troops in September,” Berlusconi told a press conference on the sideline of the G8 summit. He also said that Italy was a prime target of Islamic militants because of its forces’ presence in Iraq and was directly in the firing line.

Guardian Unlimited: One small step at Gleneagles

Guardian Unlimited

One small step at Gleneagles

Now that every last penny of extra cash for Africa has been squeezed out of both Europe and the US - with governments wrangling until the very last minute to push the total up to $50bn by 2010 - the focus for the remaining five months of Britain's G8 presidency will be breaking down the barriers that prevent poor countries from trading their way out of poverty.

EIR: Berlin Dialogue for a New World Order

EIR

Berlin Dialogue for a New World Order

Can an overvalued currency be the anchor currency?"

Dr. Clifford A. Kiracofe, a historian teaching at the Virginia Military Institute, cited the warnings of U.S. Presidents Abraham Lincoln, Franklin Roosevelt, and Dwight Eisenhower "against the power of entrenched financial and business interests to overturn the American republican form of government," and he pointed to the nature of the imperial faction which has pushed the United States into the disaster in Iraq, and is pushing for a possible war against Iran now. Kiracofe explained that the policies of the American imperial faction are modelled on those of the 19th Century British Lord Palmerston—a man who, among other things, was passionately devoted to the destruction of the United States itself, by splitting it into separate Northern and Southern confederations. When initial British attempts did not work out, Palmerston, Lord John Russell, and others framed the British policy of fomenting the southern secession and the ensuing U.S. Civil War. The situation in Iran after the recent Presidential elections, the recent instability in Kyrgystan and Uzbekistan, and the possibility of a new U.S. military adventure in the region, were also recurring concerns at the Berlin seminar.

Luchtzak Aviation - Iberia signs the purchase of 30 single aisle Airbus aircraft

Luchtzak Aviation

Iberia signs the purchase of 30 single aisle Airbus aircraft

Iberia has signed a contract with Airbus for the purchase of 30 A320 Family aircraft and taken another 49 options, hereby confirming the commitment signed in January this year. The contract covers the acquisition of 10 Airbus A318s, 10 A320s, seven A319s and three A321s. These aircraft will be delivered as from the second quarter of 2006. The aircraft will be powered by CFM56-5B engines from CFM International. Iberia currently operates a fleet of 107 Airbus aircraft, including seven A319, 60 A320, 13 A321, 18 A340-300 and nine A340-600.

7/9/05

European Space Agency- Competitors in the Tour de France tracked by satellite

ESA

Competitors in the Tour de France tracked by satellite

A new experience of satellite navigation for the European Space Agency during the 5th stage of the Tour de France between Chambord and Montargis. Receivers were carried by a number of cyclists, making it possible to determine their exact position and speed along the 183 kilometre-long stage by means of EGNOS, the European navigation service that operates using geostationary satellites. The system provides vital information which, when fully operational, will give the organisers an instant, complete overview of the competition and which will help team managers to coordinate the efforts of their cyclists and refine their strategies. Eventually, spectators will be able to follow live the competitors’ positions and the progress of the race.

IHT: For the cure, follow the money

International Herald Tribune

For the cure, follow the money

The word that best defines Europe's current political predicament is "crisis." Over the last month, every major item on the European Union agenda has been put on hold, from the constitutional treaty to the 2007-2013 budget to further enlargement. But most evolutionary processes, especially in politics, proceed by fits and starts. And as Tony Blair is fond of saying these days, in every crisis there is an opportunity.
The last 20 years have indeed been a period of uninterrupted success for Europe. Who remembers the "Eurosclerosis" of the mid-80s? Think of what has happened since - the internal market, German reunification, the euro, the doubling of EU member states, the dispatch of EU-led peacekeeping forces to Africa and the Balkans.If there is a single obsession in Europe's economic soul-searching, it is the United States. Leaf through any of the hundreds of economic analyses produced each year by the European Commission and you'll inevitably find comparisons between the two sides of the Atlantic: how Europe is falling behind the United States in income and productivity, in the use of information and computer technologies, in research and development, innovation, employment, etc. Can Europe make it? It must, because its political future now hangs on the eventual success of the Lisbon strategy in turning around the economy. Only economic growth and the steady creation of jobs can revive public trust in the European Union and make further enlargement acceptable.

ZAMAN: Holland - Rabobank buys into Sekerbank in Turkey

ZAMAN DAILY

Rabobank buys into Sekerbank in Turkey

Rabobank executive board member Harry de Roo has said the boom in the Turkish economy was a motivation to invest in the Turkish economy. The Dutch finance giant Rabobank had bought a 36.5 percent share in Sekerbank. The Dutch bank found the economic developments in Turkey positive building their confidence in the economy. De Roo observed, "The downward spiral in the interest rates and inflation and the improvements in the macroeconomic parameters all build confidence and health in the economy. From mortgage and loaning to the potential in the agricultural sector, but foremost the young demography, all encouraged us to invest in the Turkish finance sector."

BELLACIAO - The reality of this barbaric bombing - By Robert Fisk

BELLACIAO

The reality of this barbaric bombing - By Robert Fisk

It is easy for Tony Blair to call yesterdays bombings "barbaric" - of course they were - but what were the civilian deaths of the Anglo-American invasion of Iraq in 2003, the children torn apart by cluster bombs, the countless innocent Iraqis gunned down at American military checkpoints? When they die, it is "collateral damage"; when "we" die, it is "barbaric terrorism". If we are fighting insurgency in Iraq, what makes us believe insurgency won’t come to us? One thing is certain: if Tony Blair really believes that by "fighting terrorism" in Iraq we could more efficiently protect Britain - fight them there rather than let them come here, as Bush constantly says - this argument is no longer valid. To time these bombs with the G8 summit, when the world was concentrating on Britain, was not a stroke of genius. You don’t need a PhD to choose another Bush-Blair handshake to close down a capital city with explosives and massacre more than 30 of its citizens. The G8 summit was announced so far in advance as to give the bombers all the time they needed to prepare. A co-ordinated system of attacks of the kind we saw yesterday would have taken months to plan - to choose safe houses, prepare explosives, identify targets, ensure security, choose the bombers, the hour, the minute, to plan the communications (mobile phones are giveaways). Co-ordination and sophisticated planning - and the usual utter ruthlessness with regard to the lives of the innocent - are characteristic of al-Qa’ida. And let us not use - as our television colleagues did yesterday - "hallmarks", a word identified with quality silver rather than base metal. To go on pretending that Britain’s enemies want to destroy "what we hold dear" encourages racism; what we are confronting here is a specific, direct, centralised attack on London as a result of a "war on terror" which Lord Blair of Kut al-Amara has locked us into. Just before the US presidential elections, Bin Laden asked: "Why do we not attack Sweden?" Lucky Sweden. No Osama bin Laden there. And no Tony Blair (or George Bush).

The Zimbabwe Independent: European Union closes Caaz account

The Zimbabwe Independent

European Union closes Caaz account

The European Union last month ordered a freeze on the Civil Aviation Authority of Zimbabwe (Caaz)'s bank account as part of measures to tighten economic and travel sanctions on the Zanu PF government. The EU and the United States imposed an economic and travel ban on President Robert Mugabe and close political aides in 2002 after the roundly condemned presidential election. At the same time US President George Bush successfully lobbied Congress to implement the Zimbabwe Democracy Act. Under the Act, Zimbabwe is not eligible to benefit from any sort of financial assistance either from the US government or firms registered in that country.

The New York Sun: Terror in Europe Since September 11, 2001

The New York Sun

Terror in Europe Since September 11, 2001

A chronological listing of terror in Europe since September 11, 2001

7/8/05

IHT: Germany: Retooling the knowledge factory

IHT

Retooling the knowledge factory

Even in a world where rapidly growing rivals in Eastern Europe, China, India and elsewhere can fill manufacturing jobs more cheaply, Germany's industrial leaders say the business of making things still has a future in their country. But there is a catch. The educational system that produced thinkers like Albert Einstein and Max Planck, as well as the highly skilled work force that turned Germany into an economic dynamo after World War II, has to change, they say, to keep ahead of the lower-cost competition. If Germany is going to focus more on products that require brains and not brawn, then German education has to keep up, too. In short, business leaders say, more students have to get through the higher education system - and faster. They need to take with them a better sense that learning will be a part of whatever jobs they have - for a lifetime. Early on, German schools will have to prepare more children - especially the mmigrants who will help populate a low-birth-rate Germany - for success at the secondary level and beyond. Above all, Germany's economy will place a premium on students - future workers - who can quickly convert theory into practice and follow the example of Germans like Werner von Siemens, who proved his mettle as a scientist and a capitalist. "We're never going to be able to add more value without better education," said Heinrich Höfer, an education specialist with BDI, the main industry lobby group in the country. "Germans can still turn screwdrivers in the future, but only if they are using automated, computerized machines that we have designed here." One event helped to instigate the greater focus in business and government on training the future work force: the 2001 PISA study. The study, called the Program for International Student Assessment, was a major effort by the Organization for Economic Cooperation and Development, based in Paris, to intensively track how well individual countries were able to educate their primary and high school students at a basic level in reading, mathematics and natural sciences. Germany not only placed far behind several Asian and other European countries in the study; it fell well under the OECD average in all three categories. The shock rippled through politics and the media - even though it merely confirmed what many in business had argued for some time - and fired a sense of national urgency to improve education. "These years are a window of opportunity," said Wolf-Rainer Lowack, who was chosen by Hambrecht to lead the effort. "And it's a window that, when it's closed, cannot be reopened." That said, many German business leaders add that the key will be modifications and improvements to an educational system that, over all, has more strengths than weaknesses. "There is nowhere in the world where we can do it better than in Germany," Leibinger said.

seattlepi.com: Our Place in the World: Global forces alter U.S. economy

Seattlepi.com

Our Place in the World: Global forces alter U.S. economy

Because each year the United States consumes roughly $700 billion more than it produces, it must borrow from abroad to finance its excess consumption. Foreign central banks provide the financing by buying U.S. Treasury bills and other financial assets. For the first time in history, they are reducing their dollar holdings. The nervousness of the European Union, Russia, OPEC, Japan and China about the possibility of a sell-off of dollars as the world's reserve currency may not make for bold headlines, but that doesn't mean that the dangers are any less real. The chronically overvalued dollar and the export-driven growth and prosperity of so many other countries is causing a steady and sustained transfer of production and technology abroad while putting enormous downward pressure on U.S. salaries.

7/7/05

The UK Presidency Of The EU: all you want to know

The UK Presidency Of The EU: all you want to know -
go to: http://www.webershandwick-eu.com/pdfs/guide_presidency_uk.pdf

FT.com - On the web: Arab messages of sympathy

FT.com

On the web: Arab messages of sympathy

As indications grew on Thursday that the UK authorities believe the London bombings to be the work of Arab terrorists linked to the al-Qaeda network, there was little official reaction to the bombings from Arab leaders. But comments posted on the BBC World Service’s Arabic-language web site gave an indication of the way ordinary Arabs view the attacks. Most comments condemned the attacks in the strongest terms and many expressed the hope that people would not make a link between the attacks and Islam.

EiTB24.com: London under attack: At least 90 injured at London tube alone

EiTB24.com

London under attack: At least 90 injured at London tube alone

Sky news reporting at least 90 people injured at London's Aldgate Underground station alone. Nears simultaneous explosions rocked the London subway and three double-decker buses at the morning rush hour Thursday, police and news reports said, injuring some people and prompting officials to shut down the entire underground transport network. Some media reports said there were fatalities. The explosions came a day after London was awarded the 2012 Olympics and as the G-8 summit was getting underway in Scotland. Initial reports blamed a power surge, but officials were not ruling out an intentional attack. Sky News showed a picture of a mangled red bus and said it appeared London had come under a terror attack.

Forbes.com: Trichet says US-EU consensus needed on hedge fund regulation

Forbes.com

Trichet says US-EU consensus needed on hedge fund regulation

European Central Bank president Jean-Claude Trichet said the EU and US need to reach a consensus on the regulation of hedge funds before additional regulations are imposed. 'Given the global nature of the hedge fund industry, a regulatory response can only be given on the basis of a solid international consensus and in particular a transatlantic consensus,' he said in a speech.

Agenzia Giornalistica Italia - CIAMPI: I'M CONFIDENT. LONG LIVE THE EUROPEAN UNION

Agenzia Giornalistica Italia

CIAMPI: I'M CONFIDENT. LONG LIVE THE EUROPEAN UNION

Italy's president Carlo Azeglio Ciampi speaking before the EU Parliament in Strasbourg concluded his speech by saying "long live Europe and the European Union". Earlier in his speech, Ciampi said he was honored "to speak in the highest place of the European democracy". Ciampi added that "the most representative of all the European institutions" is responsible to defend the constitution ensuring that the present suspension of the ratification process won't imply the end of the whole project. According to Ciampi, "the legal system which has been developed in the last fifty years, treaty by treaty, is constitutional in itself". Therefore, the member states must move forward together. "We are bound by a common institutional framework" said Ciampi quoting the examples of Airbus, Galileo, Erasmus and other "examples of what we might do if we work together ". "The euro is the highest symbol of the desire for unity of the European countries. It is the real engine of political integration". Ciampi, who as a Governor took part in the works of the Delors Committee for the preparation of the first report on the single currency, called "extraordinary achievements the good performance of the euro on the international markets and the ECB's policy aimed at promoting price stability". He highlighted also "other important achievements such as: defence against imbalances on exchange markets, low interest rates, increased competitiveness in those countries of the euro zone that chose to adopt virtuous measures".

7/6/05

M@C news: Ex-EU chief Prodi blasts Blair on Europe

M@C News

Ex-EU chief Prodi blasts Blair on Europe

Former EU Commission President Romano Prodi has accused British Premier Tony Blair of being all talk and no action on Europe. "With Blair I see a deep contradiction between what he says and what he does," said Prodi, a former Italian prime minister and the center-left`s likely candidate in next year`s elections. Last month, Blair, who currently holds the rotating EU presidency, made a passionately pro-European speech in the European Parliament, just days after vetoing a deal on the bloc`s budget for 2007-13. According to the London Times, Prodi said Blair espoused a lofty European vision, but in reality had "always had an Anglo- Saxon idea of Europe in which (Brussels) institutions had a fundamentally marginal role."

Mac News: Global : US Versus EU: The Race Is On - By Theodore F. di Stefano

Mac News: Global

US Versus EU: The Race Is On

The EU has about 450 million citizens in 25 member nations. It dwarfs the U.S. in the size of its population. The combined GDP of the member countries exceeds that of the U.S. Given its sheer size in both population and combined economies, Europe is truly a formidable competitor. And it is clearly aware of the fact that it is in an economic contest with the United States. di Stefano says: "France and the Netherlands have recently voted against adopting the current EU constitution. It is difficult to say what effect this will have on the long-term future of the EU. My guess is that Europe will somehow overcome this hurdle, band together and continue to move forward." Theodore F. di Stefano is a founder and managing partner at Capital Source Partners, which deals in bringing small-cap companies public. He also is a frequent speaker on the subject of financial advice for small businesses as well as the IPO process.

The International Islamic Finance Forum in Istanbul: showcase of Islamic Financial Power

The International Islamic Finance Forum

The 8th International Islamic Finance Forum to be held from 26th-29th September 2005 in the historic city of Istanbul is expected to build further on the huge success of the September 2004 event, which attracted over 350 attendees from around the globe. Islamic financial wealth and power plays a major part in the worlds overall economic development.

Facts and figures: Islamic banks will account for 40% to 50% of total savings of the Muslim population worldwide within 8 to 10 years; Global Bond Market: Islamic bonds are currently estimated at around US$30 billion and are the ‘hot issue’ in Islamic finance; Worldwide banks: There are around 270 Islamic banks worldwide with a market capitalization in excess of US$13 billion; Assets And Investments: Assets of Islamic banks worldwide are estimated at more than US$265 billion and financial investments above US$400 billion; Global Deposits: Islamic bank deposits are estimated at over US$202 billion worldwide with average growth between 10 and 20%; Funds Growth: Islamic equity fund are estimated at more than US$3.3 billion worldwide with growth of more than 25% over seven years;Takaful Growing: The global Takaful premium is estimated at around US$2 billion; The Middle East market is reported growing at 15 to 20% per year; Fund Launches: Between 1994 and 2001, around 120 Islamic funds were launched.

MENAFN - Analysis: Is U.K. Inc headed for a crash?

MENAFNAnalysis: Is U.K. Inc headed for a crash?

As Britain assumed its place at the head of the European Union last week, Prime Minister Tony Blair and his ministers flaunted the success of the British economy as a model for lifting Europe out of its current financial quagmire. But just as world leaders flock to Scotland for the Group of Eight summit and all eyes turn to Britain, the signs are the New Labor economic miracle may be about to implode.Earlier in the month, leading business consultancy BDO Stoy Hayward predicted a total of 16,360 businesses would go to the wall this year, an increase of 3 percent on 2004 and an average of 315 a week. That figure would rise 5 percent to 17,236 next year, it forecast. Warning of an "abrupt end" to the British consumer boom, BDO said slower economic growth, increased inflation and higher interest rates were all causing businesses to suffer. However expected interest rate cuts from the Bank of England would ease the pressure on the sector and lead to a drop of 14 percent in corporate insolvencies 2007, it said. The persisting slowdown in manufacturing growth is a further concern.

Businessweek: EU commission takes five nations to court

Businessweek

EU commission takes five nations to court

The European Union's head office decided Tuesday to take legal action against Spain, Greece, Estonia, Ireland and Luxembourg for failing to adopt EU laws to open up gas and electricity markets. The European Commission also sent a warning to Portugal for delays in adopting the legislation. It said the six countries had failed to meet deadlines for fully implementing the laws designed to break up traditional energy monopolies and usher in free competition.

7/5/05

mondediplo.com: OPEN THE DOOR TO HOPE

Open door to hope

France, with its resounding and rebellious vote against Europe’s constitutional treaty, has again shown itself to be a political nation to its core. The vote, which created shock waves throughout Old Europe, was a moment of hope for the peoples of Europe and nervousness for its political elites. In taking this bold step France has reconnected with its historic mission and shown that it is possible to avoid the seemingly inevitable by rejecting economic and political faits accomplis.This no vote is of capital importance. It represents a setback to ultraliberal attempts to impose, all over the world and in contempt of people’s wishes, the economic monoculture laid down by the dogma of globalisation. Was this a nationalist vote? No. Mostly it was actually a vote “for” Europe. This has been clear to the many trade unionists and campaigners in other European countries who, at home and in their contribution to the campaign in France, have expressed their solidarity with the forces behind this no vote, and have seen it as a way of building another kind of Europe. Also, many Europeans, deprived of referendums in their own countries, effectively asked the French to vote no on their behalf. Outside France commentators believe that the no vote has weakened Europe in relation to the United States, leaving the American superpower with no effective counterweight. They are wrong. In fact the proposed constitution would have gone even further in aligning Europe with US interests (particularly at the military level).

Commondreams.org: More Populism! More Referendums!

commondreams.org

More Populism! More Referendums!

Do you wonder what would happen if the United States chanced a popular vote on the North American Free Trade Agreement, the General Agreement on Tariffs and Trade, or, now, the Central American Free Trade Agreement? US leaders, Republican and Democratic, push all these pacts. They talk of modernization and removing archaic trade barriers. They have an almost religious faith that this kind of free-market economics floats all boats; that there is unlimited potential for wealth creation; and that world trade, if freed from regulation, will somehow overcome the problem of finite natural resources.
Truth is, these deals painted as win-win are big wins for a few, small wins for a few more, and big losses for many people, for rural communities, and for the natural-resource base on which our wealth is built. The deals aim to lower the cost of those resources and the cost of labor. They are a way to override conservationist restraint, and to push the environmental and social costs of business onto society and the natural world. Middle-class French and Dutch voters saw through this. They understood that the reordering was not based on their interests. They voted NO

CS Monitor: Europe, US clash over terror war

csmonitor.com

Europe, US clash over terror war

According to a Milan judge, the US mounted a secret intelligence operation inside Italy, kidnapping a suspected terrorist as he walked the streets of Milan and whisking him to Cairo without letting Italy know. Italians say the operation, if proven to have been masterminded by the CIA, was not just illegal but disrespectful to a sovereign state that is one of America's closest allies. Italian magistrates are seeking the arrest of 13 suspected CIA agents they claim carried out the abduction - is not just the latest thorn in the side of Italian-American relations. It also exposes a wider clash of cultures between America and Europe when it comes to tackling terrorism. "The Americans treat this as a war, but the Europeans still see this as a criminal-justice matter," says Ian Cuthbertson, counterterrorism expert at the World Policy Institute in New York.

Goldseek.com: Artificial demand and too much supply in U.S. economy

Goldseek.compArtificial demand and too much supply in U.S. economy

The way to improve the economy is a double-sided coin -- on one side is the urgent need to increase manufacturing and investment in basic industries, including mining, drilling and mineral exploration. On the other side is the need to get the average American to do his part to help the economy along by spending and saving responsibly. To this end, the consumer must be protected again the aforementioned "sensory assault" of intensive, saturation advertisement designed at putting the consumer into greater and greater debt as he loads up with non-essential items. This suggestion may sound extreme and perhaps even dictatorial in nature, but to quote the old saying, "drastic circumstances call for drastic measures."

The Statesman:Singh focus on climate change in G-8

The Statesman

Singh focus on climate change in G-8

There are chiefly two dominant themes of the G8 Summit — Africa and Climate Change. India, along with China, Brazil, South Africa and Mexico have been invited to provide meat on the second theme – Climate Change. Dr Manmohan Singh from India will put forth the view of the developing countries on the issue of Climate Change.

VOA News - President Bush Challenges EU on Farm Subsidies

VOA News

President Bush Challenges EU on Farm Subsidies

President Bush says the United States will drop subsidies to American farmers - if the European Union does the same in Europe. He told British television Sunday, ending those subsidies would allow African countries to compete better, reducing their need for international aid. President Bush will attend he Group of Eight Summit this week, which will discuss aid to Africa. But farm subsidies are very popular in France and Germany, and the U.S. challenge is not thought likely to be accepted. President Bush also said he will reject any Kyoto-style deal on climate change at the G8 summit in Scotland.

7/4/05

IHT: Blair takes helm of EU with eye on economy

IHT

Blair takes helm of EU with eye on economy

Blair takes helm of EU with eye on economy

In recent weeks Blair has conjured up a new ideological divide by setting himself the task of root and branch change of Continental Europe's stuttering economies. He made clear Friday that he wanted to use his presidency of the EU to urge a new economic dynamism in Europe, which in effect is a call for Germany and France to work harder and not rely on social legislation to protect jobs. Perhaps unsurprisingly, it is a stance that is drawing the fury of Chancellor Gerhard Schröder of Germany and President Jacques Chirac of France. Declaring that Europe did not have to "abandon our social model but update it. He made clear Friday that he wanted to use his presidency of the EU to urge a new economic dynamism in Europe, which in effect is a call for Germany and France to work harder and not rely on social legislation to protect jobs. Perhaps unsurprisingly, it is a stance that is drawing the fury of Chancellor Gerhard Schröder of Germany and President Jacques Chirac of France. The dilemma, Blair said, was between "the desire to be a strong competitive economy and the desire to keep in place a strong social dimension."

Guardian: G8 Summit: Bush says: I put US interests first - Lets hope EU does the same

Guardian

G8 Summit: Bush says: I put US interests first - Lets hope EU does the same

George Bush sounds a warning today to those hoping for a significant deal on Africa and climate change at Wednesday's G8 summit, making clear that when he arrives at Gleneagles he will dedicate his efforts to putting America's interests first.

7/3/05

ITV.COM: They love us, we love us – what's the problem?

ITV.com

They love us, we love us – what's the problem?

More people than expected had turned out to demand action on world poverty at one of Scotland's biggest ever demonstrations. According to police, about 120,000 - 20,000 more than predicted - have arrived in Edinburgh by air and coach for the Make Poverty History rally and march, aimed at putting pressure on G8 leaders meeting in Scotland next week.

China Daily: Turkey, Greece launch pipeline project

China Daily

Turkey, Greece launch pipeline project

The Turkish and Greek prime ministers met Sunday on a bridge over the river that divides their countries to launch a joint construction project to connect rich natural gas fields in the Caspian Sea area and Central Asia to energy-hungry markets in Europe. The project is a sign relations between the two bitter historical rivals — both NATO members — is warming. The Greek-Turkish pipeline should also offer an alternative to the Middle East supplies at a time when oil and gas prices are soaring. The 186-mile pipeline from Bursa in Turkey to Komotini in Greece is expected to go into operation in 2006, and will later be extended to Italy as part of the Southern Europe Gas Ring Project.

The Times of Malta: MLP delegates' overwhelming Yes to EU Constitution

The Times of Malta

MLP delegates' overwhelming Yes to EU Constitution

Malta is expected to give a unanimous thumbs up to the ailing European Constitution after Labour Party delegates overwhelmingly approved it during a vote last night. In what could be interpreted as a strong signal of support for the MLP's leadership, over 85 per cent of delegates said they believed the party's parliamentary group should ratify the Constitution. Of the 817 valid votes cast (five votes were invalid and there were three abstentions), 699, or 85.6 per cent, said Yes, while 118, or 14.4 per cent, said No.

newsobserver.com:Putin urges world cooperation on Iraq at meeting with French President Jacques Chirac and German Chancellor Gerhard Schroeder

newsobserver.com

Putin urges world cooperation on Iraq

French President Jacques Chirac and German Chancellor Gerhard Schroeder came to SVETLOGORSK outside the Baltic Sea port of Kaliningrad at Putin's invitation to mark the 750th anniversary of the founding of Kaliningrad - formerly Koenigsberg now a Russian enclave cut off from the rest of Russia by EU members Poland and Lithuania. Earlier, the two leaders told Putin that the positive relations between Russia and the EU were vital for world stability and for the prosperity of Kaliningrad. "The relationship between Russia and the European Union is essential for world equilibrium," Chirac told Putin.

Bloomberg.com: EU: ECB's Liebscher Says Slowdown `Temporary,' Sees 2005 Rebound

Bloomberg.com

EU: ECB's Liebscher Says Slowdown `Temporary,' Sees 2005 Rebound

European Central Bank council member Klaus Liebscher called a slowdown in the region's economy a ``temporary phase of weakness'' and said rising exports and a sliding euro will help revive growth by the end of 2005. A global dampening in economic expansion has brought European growth down since the end of 2004, Liebscher said. Still, rates of expansion will approach ``potential growth'' by the end of the year, according to an address he made in Salzburg, Austria. A copy of the speech was on the Austrian central bank's Web site.

TheStar.com - Europe in a crisis? It's sitting on a time bomb

TheStar.com

Europe in a crisis? It's sitting on a time bomb

Europe is in a crisis all right but not solely for the reasons stated: sluggish economies, widespread but unspecified citizen anger and vicious infighting among leaders. Rather, the malaise is deeper, and it won't be cured until Europeans abandon the myth that theirs are not immigrant societies. It is the model that needs fixing, not its victims.
Germany is beginning to grasp the challenge. It is taking skilled immigrants as permanent residents. But it does not quite know how to undo the immigrant ghettoes it has created. Ditto France and Italy. EU Trade Commissioner Peter Mandelson got to the heart of the matter recently when he said that Europe must "equip every citizen, of whatever social background, nationality, colour or religion, to fulfill their individual potential ... We need to integrate migrants and minority groups more successfully than we have, so far. "In other words, Europe must move towards the Canadian model — albeit imperfect — of economic, social and political integration of all citizens."

baltimoresun.com - Downing Street Memo coverage a matter for debate

baltimoresun.com

Downing Street Memo coverage a matter for debate

Some editors are seeking articles that can present the 2002 memos in a broader context that makes sense to readers. The memos do suggest that the United States manipulated facts to fit its policy. Fact is: The British Prime Minister Tony Blair has confirmed the authenticity of a Downing Street memo in which Sir Richard Dearlove, the former head of MI6, tells Mr Blair that the Bush administration was "fixing" the intelligence and facts about Saddam Hussein’s regime to back up a decision that had been taken to invade Iraq as early as July 2002.

The Downing Street memo which was leaked to the Sunday Times newspaper on May 2005 has been hushed up by the US press even though it is a critical issue. Senators Kennedy and Kerry have joined the escalating debate by writing to the President asking whether or not the memo was authentic and accurate.

122 Members of the US Congress have written to the President asking if Sir Richard Dearlove’s statement in the memo, that ’the intelligence and the facts are being fixed around the policy’ is correct. The President still has not given a direct answer. Intense public interest warrants taking a closer look at the consequences of the Downing Street Memo, some journalists argue, even if it means tapping into the growing number of alternative news sources, especially blogs. Acknowledging readers' concerns can often help news organizations take note of stories they may otherwise overlook, and those concerns may also be worthy of a story in their own right. For details on the Downing street memo also see: www.AfterDowningStreet.org

7/2/05

The Ireland Post : EU polls show - only 6 percent of voters in France and 3 percent in Holland said that Turkey was the issue of their no vote

The Ireland Post EU polls show - only 6 percent of voters in France and 3 percent in Holland said that Turkey was the issue of their no vote

Sarkozy, and other right wing politicians in Europe have said that the reason voters in France and the Netherlands said No to the EU Constitution was because they were against the idea of Turkey joining the EU. This is total rubish. Recent EU polls show that only 6 percent of voters in France and 3 percent in Holland said that Turkey was the issue of their no vote

What is really happening to Europe? It is wealthier and healthier than ever before, but is declining to create the human future in the most elemental sense, by looking at the opportunities available for the next generations.

Like it or not, Europeans are disappearing. Demographers say that if Europe's current fertility rate of about 1.5 births per woman persists until 2020, it will result in 88 million fewer Europeans by the end of this century. By 2050,Germany is likely to lose the equivalent of the population of the former East Germany. Over the same period, Spain's population will decline from 40 million to 31.3 million. With the median age of Greeks, Italians and Spaniards projected to exceed 50 by 2050 - roughly one in three people will be 65 or over - the welfare states created in the wake of World War II will plainly require drastic reform.

Deutsche Bank calculates that average workers in Germany are paying about 29 per cent of their wages into the state pension pot, while the figure in Italy is close to 33 per cent. Europe's retired population will ncrease by 55 per cent in the next 25 years, while its working population will shrink by 8 per cent.

Europeans are heading for extinction as surely as the Bushmen of the Kalahari. Another reason to look up and pay attention is to see who is going to fill the gap left by the vanishing Europeans. Either today's newborn Europeans will spend their working lives paying 75 per cent tax rates or retirement and ‘free' healthcare will simply have to be abolished. Alternatively (or additionally), Europeans will have to tolerate more legal immigration.

A youthful Muslim society to the south and east of the Mediterranean is poised to colonise a senescent Europe....and why not, or who else? Since 1970, some 20 million (legal) Islamic immigrants - equivalent to the populations of three EU countries - Ireland, Belgium and Denmark - have settled in Europe. As the demographer Philip Longman put it: “If Europe were a woman, her biological clock would be rapidly running down. It is not too late to adopt more children, but they won't look like her.”

ZAMAN DAILY: Blair on Turkey's EU Bid

ZAMAN DAILY

Blair on Turkey's EU Bid

he UK will hold the European Union (EU) term presidency Friday for a six month period. The take over took place among official contacts between British Prime Minister Tony Blair, the European Commission (EC) President Jose Manuel Durao Barroso and EC members. During the meeting, Blair was optimistic about Turkey's membership. "It is of utmost importance to us to consider promises by EC for Turkey's membership. We will fulfill our promises, and Turkey will fulfil its responsibilities," he said. Barroso expressed EC's expectations from the UK term presidency of "a constructive and comprising leadership".

Globetechnology: U.S. plan to keep control of the Internet draws mixed response

Globetechnology U.S. plan to keep control of the Internet draws mixed response

A decision by the United States to retain oversight indefinitely of the main computers that control Internet traffic drew concerns Friday from foreign officials, many of whom want an international body in charge instead. The U.S. announcement marked a departure from previously stated U.S. policy. Michael Gallagher, assistant secretary for communications and information at the Commerce Department, shied away from terming the declaration a reversal, calling it instead “the foundation of U.S. policy going forward.” He said the declaration, officially made in a four-paragraph statement posted on-line, was in response to growing security threats and increased reliance on the Internet globally for communications and commerce.

“The signals and words and intentions and policies need to be clear so all of us benefiting in the world from the Internet and in the U.S. economy can have confidence there will be continued stewardship,” Mr. Gallagher told the Associated Press on Thursday.

Europeans urged the United States to explore ways to further decentralize control such that management of country codes are left to local governments and technical administrators, said Paul Kane, chairman of the Council for European and National Top-Level Registries, a Brussels-based coalition of domain name administrators.

Mr. Fujimoto, a Japanese official, indicated that the U.S. decision is likely to alienate many in the international community. “There have been strong opinions that essentially allowing the United States alone to check this process is not right given the nature of the Internet today,” he said.

The declaration will not immediately affect Internet users, but it puts in writing what some critics had already feared. Michael Froomkin, a University of Miami professor who helps run an independent ICANN watchdog site, said the date for relinquishing control has continually slipped.

The announcement comes just weeks before a UN panel is to release a report on Internet governance, addressing such issues as oversight of the root servers, ahead of November's UN World Summit on the Information Society in Tunisia.

Ambassador David Gross, the U.S. co-ordinator for international communications and information policy at the State Department, insisted that Thursday's announcement was unrelated to those discussions.

Scotsman.com- Blair reopens budget row with Chirac

Scotsman.com

Blair reopens budget row with Chirac

At a press conference in London yesterday, the British Prime Minister called for a special summit on the future of the European Union, to be held in the UK this autumn. He said the informal gathering would be a chance "for the leaders to come together to see how Europe can now move forward". Mr Blair and Mr Chirac have been locked in a bitter battle about the EU budget and the wider future of the union. Mr Blair wants to slash the farm subsidies of the Common Agricultural Policy (CAP) and open the EU economy to more competition. Mr Chirac is defending the CAP and many EU leaders believe Mr Blair is trying to impose Thatcherite market reforms on their countries. While Mr Blair has been at pains to insist that he values the "social dimension" of the EU, he has not diluted his call for economic reform.

Update: Iraq Coalition Casualties

Update:Iraq Coalition CasualtiesTotal number of coalition troops killed in Iraq 1,935 of which 1,746 US. Total number of wounded 12,855. Civilian casualties now number more than 100.000 people.

Guardian Unlimited: Opposition Figure Could Lead Germany

Guardian Unlimited

Opposition Figure Could Lead Germany

Angela Merkel has a strong chance to become Germany's first woman chancellor after Schroeder lost a vote of confidence in parliament in a deliberate effort to trigger early elections. The 50-year-old Merkel, who grew up in East Germany and built a career in as a researcher in quantum chemistry before switching to politics after the fall of the Berlin Wall, stumbled once or twice in her address to parliament. But she drew ample applause from conservative supporters. In foreign affairs, many analysts think she'll get along better with the Bush administration than Schroeder did, given her criticism of the chancellor's refusal to support the Iraq war under any circumstances, though she differs with Bush by opposing full European Union membership for Turkey. As East German communism crumbled, she joined a pro-democracy group, Democratic Renewal, in 1989, beginning a rapid rise in politics after a late start at 35 in a country where it's common for ambitious activists to join party youth organizations in their teens or early 20s. She joined the Christian Democrats in August 1990 and was elected to parliament later that year. In 1991, Kohl appointed her minister for women. After the right lost power in 1998 and a slush fund scandal tainted Kohl, she became party chairwoman. But for the 2002 elections, Merkel stepped aside to allow Bavarian governor Edmund Stoiber, the leader of the sister Christian Social Union party, to unsuccessfully challenge Schroeder. This time, the party is putting its stakes on her chances to lead it to victory, a task that Merkel believes she's ready for.

7/1/05

Eurozone: EU25 unemployment down to 8.8%; Ireland lowest at 4.2%

Eurozone

EU25 unemployment down to 8.8%; Ireland lowest at 4.2%

In May 2005, the lowest rates were registered in Ireland (4.2%), Austria (4.6%), the United Kingdom (4.6% in March), Luxembourg (4.7%) and Denmark (4.9% in April). Unemployment rates were highest in Poland (17.8%), Slovakia (15.5%), Greece (10.2% in December 2004), Spain (9.9%) and France (9.8%).Amongst the Member States, fourteen recorded a decrease in their unemployment rate over a year, two remained stable and nine reported an increase. The largest relative decreases were observed in Lithuania (11.2% to 8.1%), Estonia (9.6% to 7.9%), Slovakia (18.7% to 15.5%) and Denmark (5.5% in April 2004 to 4.9% in April 2005), while Luxembourg (4.2% to 4.7%), Cyprus (4.6% to 5.1%) and Portugal (6.5% to 7.2%) registered the highest relative increases. In May 2005 compared to May 2004, the unemployment rate for males was stable at 7.6% in the euro-zone and decreased from 8.1% to 7.9% in the EU25. The female unemployment rate fell from 10.6% to 10.3% in the euro-zone and from 10.3% to 9.9% in the EU25.In May 2005, the unemployment rate for under-25s was 17.8% in the euro-zone and 18.3% in the EU25. In May 2004 it was 18.5% and 19.1% respectively. The lowest rates for under-25s were observed in Denmark (7.2% in April), Ireland (7.9%) and the Netherlands (9.5%) and the highest in Poland (36.0%), Slovakia (26.7%), Greece (26.2% in December 2004) and Italy (24.2% in March). Eurostat estimates that, in May 2005, 12.8 million men and women were unemployed in the euro-zone and 19.1 million in the EU25. These are seasonally-adjusted figures in line with ILO criteria. In May 2005, the US unemployment rate was 5.1% and the Japanese rate was 4.4% in April.

Space Daily: Russian Space Center To Complete Third Orbital Module

Space Daily

Russian Space Center To Complete Third Orbital Module

The Russian Federal Space Agency (Roskosmos) has allocated money to the Khrunichev Space Center to complete the construction of a multipurpose research module (MRM) for the International Space Station (ISS), the center's head told RIA Novosti Thursday. Alexander Medvedev told RIA Novosti that the construction of the module was 70% complete. It is scheduled to be launched in 2007. He also said that Roskosmos head, Anatoly Pirmenov, had approved this timeframe.

ESA - Agreement signed for European instruments on Indian Chandrayaan-1 moon space mission

ESA

Agreement signed for European instruments on Indian Chandrayaan-1

Agreement signed for European instruments on Indian Chandrayaan-1 moon space mission

The European Space Agency (ESA) and the Indian Space Research Organisation (ISRO) signed an agreement on 27 June 2005 for including European instruments on board India's first scientific mission to the Moon, Chandrayaan-1. This agreement, under the umbrella agreement for co-operation already existing between ISRO and ESA, was signed by Mr G Madhavan Nair, Chairman of ISRO, and Mr Jean Jacques Dordain, Director General of ESA, at Bangalore. Chandrayaan-1 is planned for launch around 2007 on board India's Polar Satellite Launch Vehicle. The 525 kg satellite will be placed in 100 km polar orbit around the Moon with a lifetime of two years. It will help to unravel the mysteries of the origin and evolution of the Solar System and, in particular, the Moon.

MSNBC.COM: Europe aims for first Galileo launch this year

MSNBC.com

Europe aims for first Galileo launch this year

Europe aims to launch the first satellite in its Galileo program late this year aboard a Russian Soyuz rocket, the European Space Agency said on Thursday. Galileo is Europe's plan to create its own global navigation satellite system, with uses ranging from helping motorists navigate electronic maps to assisting search-and-rescue operations. It is scheduled to go into service in 2008 and eventually will have 30 satellites orbiting almost 24,000 kilometers above the Earth. "We must get at least one in orbit by June," an ESA spokesman said, adding that the aim was a launch by the end of 2005. "The next step is to have four to do the in-orbit validation and, once we are satisfied with this, we can launch the remaining ones," he said. The project is meant to rival the U.S. Global Positioning System. It will be interoperable with GPS as well as GLONASS, Russia's global satellite navigation system.

PES Group - Interview with Jan Marinus Wiersma MEP, Vice-President Socialist Group EU Parliament, on further enlargement of EU

PES Group

Interview with Jan Marinus Wiersma MEP, Vice-President Socialist Group EU Parliament, on further enlargement of EU

Question: Euro sceptics often take advantage of Turkey in order to transcend fear among the people on the eve of important decisions being taken by the EU, such as the Constitution. Are there any reasons to fear Turkey's accession to the European Union?

Answer: Negotiations with Turkey will take a long time, whereas after accession transitional arrangements, for instance regarding the free movement of labour, will be possible. I can understand fears people have, for instance for their jobs, but the answer lies in making our own economies more dynamic, not in shutting out beforehand a country whose economy is growing and very dynamic.

Times on Line: Rhetoric and reality

Times Online

Rhetoric and reality

The rotating presidency of the European Council of Ministers passes to Britain today, giving Tony Blair and Gordon Brown six months in which to coax agreement from the European Union’s governments to reset its flailing compass in the more “flexible, reforming, open and globally-oriented” direction urged upon them last week by the Chancellor. It is a challenge that Britain should relish. The demonstrable flaws of the interventionist, overregulated, Franco-German concept of European integration have created propitious circumstances for radicalism.

The determination of both men to force the pace of change is unmistakeable, and laudable. To understate the scale of the task, as Mr Blair came close to doing when he told the European Parliament that the rejection of the constitution “is not a crisis of political institutions, it is a crisis of political leadership”, would be to pass up a once-in-a-generation opportunity. Yet, at the same time, they must take care not to succumb to the new Labour propensity to promise more than can be achieved in six short months.