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2/12/08

www.bbj.hu :EU - Credit card use on the rise in CEE


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EU - Credit card use on the rise in CEE

A report reveals that the number of credit cards in Central and Eastern Europe (CEE) more than tripled in the two year period up to the end of 2006. Credit card holders in CEE numbered 27 million in 2006. The total number of payment cards (including debit, charge and credit cards) has grown by 64% to 187 million in 2004-2006.

According to the report, debit cards are the most widely held type of payment card in the region, representing 83% of all cards in issue against 52% in Western Europe. However, debit cards share of the market has decreased from 90% in 2004 to 83% by the end of 2006. This was caused by the increase in credit card, which more than tripled between 2004 and 2006, reaching 15% of total cards in the region. In all 13 markets, the number of credit cards grew from 8 million to 27 million between 2004 and 2006.

Poland, Russia and the Ukraine account for about two thirds of these cards and for much of the new growth over this period. The report says there are on average 74 payment cards per 100 adults in CEE, compared to 203 in Western Europe.

ISRAEL21c: Fish farming goes urban thanks to Israeli ingenuity - by Karin Kloosterman

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Fish farming goes urban thanks to Israeli ingenuity - by Karin Kloosterman

There's nothing fishy about it. Israeli Prof. Yonathan Zohar has spent a lifetime researching fish production and has a solution that might stop the world's dramatic decline in fisheries. Hip "green" environmentalists and sushi lovers will like it too.

Using advanced concepts of microbiology, Zohar has entrained special microbes to live in symbiosis with the fish in order to digest their waste. Aerated by plastic plugs that house the microbes, the fish pools are bio-secure and contaminant free, according to Zohar. In addition, part of the solid waste that is created by uneaten food or microbial byproducts is converted into methane and used as biofuel, says Zohar. This is significant. Zohar was one of the original team to develop the technology of fish farming in floating cages at sea in Israel. These cages have become deeply controversial because the waste created by the farmed fish pollutes the surrounding seawater. In addition, the waters where the fish are raised are often heavily polluted with heavy metals such as mercury, leading to problems such as the recent toxic sushi scare in the US. "I am trying to develop the next generation technology, to address cages and nets in light of environmental concerns," he says. "It is clear we are over-harvesting the ocean and running out of fish. We've focused on an alternative land-based method that can be used in the urban environment."

The Sault Star - Biomass fuel creates jobs; nuclear exports them

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Biomass fuel creates jobs; nuclear exports them

The Finns have researched, developed, and implemented methods for cost-effective utilization of biomass fuels. Their procurement is not that expensive. For example, the delivered cost for harvesting of renewable peat and forest wastes, their only indigenous fuel, is now below $14 Can per megawatt (one megawatt equals 1,000 kilowatts). Canada's natural gas costs range from $35 to $40 per megawatt. Can cost for generating electricity via the nuclear technology compare with this? Nuclear energy is definitely not without pollution. There may not be atmospheric pollution on a continuing basis similar to that in coal-fired power plants where effective flue-gas cleaning techniques have not been installed. With nuclear there already exists pollution and serious health problems associated with mining, notwithstanding what could happen with the plants themselves.With biomass fuelled power plants, we not only have more control, but more importantly, we can create continuing employment opportunities in the harvesting, processing and proper management of our natural resources.

Amber Waves: The Future of Biofuels: A Global Perspective - biofuel production tripled between 2000 and 2007- by William Coyle

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The Future of Biofuels: A Global Perspective -biofuel production tripled between 2000 and 2007- by William Coyle

With near record oil prices, the future of biofuel—made from plant material—is of keen interest worldwide. Global biofuel production has tripled from 4.8 billion gallons in 2000 to about 16.0 billion in 2007, but still accounts for less than 3 percent of the global transportation fuel supply. About 90 percent of production is concentrated in the United States, Brazil, and the European Union (EU). Production could become more dispersed if development programs in other countries, such as Malaysia and China, are successful. The leading raw materials, or feedstocks, for producing biofuels are corn, sugar, and vegetable oils.

EU-Digest/ShareCast - Oil: Venezuela threatens to cut off oil supplies to US


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Oil: Venezuela threatens to cut off oil supplies to US

Venezuela’s President Hugo Chavez has threatened to cease supplies of oil to the US, in retaliation for the court move by US oil giant Exxon to freeze Venezuela’s assets. The news sent the crude oil price racing higher for the third day in succession, despite worries over a possible economic slowdown dampening demand for oil. Crude oil for March delivery hit an intra-day high of $94.72 in New York before easing to close at $93.59. News that Valero Energy had temporarily shut down its Delaware refinery because of a power failure on Sunday also boosted sentiment.

Trend News : After four-year wait, Europe's Columbus docks at station

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After four-year wait, Europe's Columbus docks at station

After four years' delay and last minute space- walk hitches, the Columbus laboratory docked onto the International Space Station on Monday, opening a new chapter for Europe in space flight. " Columbus is now officially a part of the ISS," NASA officials said on the NASA TV transmission of the docking. In a precision transfer that took about two hours, a robotic arm operated from inside the space station manoeuvred Columbus out of the cargo bay on the Atlantis shuttle and into its permanent place at the Harmony portal that was installed last year. "Beautiful work," a ground control official in Houston, Texas, said. "The newest member has touched metal to metal." French astronaut Leopold Eyharts will be the first to enter the Columbus module.

2/11/08

scotsman.com: EU President Barroso tells Europe not to fear recession - by Peter Macmahon

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EU President Barroso tells Europe not to fear recession - by Peter Macmahon

EUROPE has "no rational reason to fear recession," the European Commission's president claimed yesterday. Jose Manuel Barroso made the comments before attending a meeting of eurozone finance ministers to discuss plans to steer the continental economy through an expected rocky year ahead. Barroso warned against too much pessimism, saying Europe was not facing the same problems as the US and did not need emergency measures like US plans to spend billions to boost the economy.

The Independent: A European Viewpoint on: The Real McCain

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US Pres. elections: A European Viewpoint on: "The Real McCain" - by Michael Savage

Presidential hopeful John McCain is being billed as the Republican that liberals can live with, but his credentials as a “bipartisan progressive” are in fact a “lazy, hazy myth,” according to liberal pundit Johann Hari. “The truth is that McCain is the candidate we should most fear,” writes Hari, a columnist for The Independent in Britain, in an article that appeared in the Seattle Post-Intelligencer. “Not only is he to the right of Bush on a whole range of subjects, he is also the Republican candidate most likely to dispense with Hillary Clinton or Barack Obama.” Hari writes of McCain: “Rage seems to be at the core of his personality. Describing his own childhood, McCain has written: ‘At the smallest provocation I would go off into a mad frenzy, and then suddenly crash to the floor unconscious. When I got angry I held my breath until I blacked out.’” McCain has distinguished himself as an uber-hawk on foreign policy, according to Hari, who is on the editorial board of The Liberal magazine. “To give a brief smorgasbord of his views: At a recent rally, he sang 'bomb, bomb, bomb, bomb-bomb Iran,' to the tune of the Beach Boys' ‘Barbara Ann.’ He says North Korea should be threatened with ‘extinction.’ “McCain has mostly opposed using U.S. power for humanitarian goals, jeering at proposals to intervene in Rwanda or Bosnia . . .

“So why do so many nice liberals have a weak spot for McCain? Well, to his credit, he doesn't hate immigrants: He proposed a program to legalize the 12 million undocumented workers in the U.S. He sincerely opposes torture, as a survivor of it himself. He has apologized for denying global warming and now advocates a cap on greenhouse gas emissions but only if China and India can also be locked into the system.” Hari concludes: “These sprinklings of sanity — onto a very extreme program — are enough for a superficial, glib press to present McCain as ‘bipartisan’ and ‘centrist.’”

PR-inside.com: Herve Morin criticizes European allies for "infantile" dependence on US power

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French minister of defense Herve Morin accuses US of a «schizophrenic» approach to European security and criticizes European allies for an «infantile» dependence on American power

Nicolas Sarkozy is keen to improve trans-Atlantic relations and is considering a return of France's armed forces to NATO integrated military command 40 years after Gen. Charles de Gaulle pulled them out over concern about American domination of the alliance. But France is expected to link the return to American backing for a greater EU defense role. «We need a strong Europe, we also need a strong (NATO) alliance,» Morin said. The French minister also took a swipe at his German hosts and other European allies for cutting defense budgets and preferring to rely on American protection rather than building up European military muscle. «Europe does not assume enough responsibility, it simply falls into dependence,» Morin complained. «Europeans must do more to share the burden, they will only do this if they grow up.

Bloomberg.com: Trichet - European Economy Fundamentals are good and Euro Zone experiencing growth that is ongoing - by Chris Malpass

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Trichet - European Economy Fundamentals are good and Euro Zone experiencing growth that is ongoing - by Chris Malpass

European Central Bank President Jean- Claude Trichet said on the euro-area economy: ``Fundamentals are good. We are experiencing growth that is ongoing. We have the influence of the financial turbulence, and uncertainty has to be taken into account. By solidly anchoring inflationary expectation we contribute to the stability of financial markets. We looked at the situation as a whole, we decided that 4 percent is the level that will permit us in this multidimensional situation to deliver price stability in the medium term. Inside the governing council we had no calls for an increase of rates, but equally no calls for cutting the rates.

When asked on whether the ECB should follow the U.S. Federal Reserve and cut rates Trichet said: ``The first observation is that our economic fundamentals are sound and we think we have an ongoing growth that is significant, even if the risks lie on the downside. We all stick to our own responsibilities. The Bank of England and U.S. Fed have their own responsibility. Both sides of the Atlantic are not in the same situation.

2/10/08

Newsgirl: EU- Britsh Amy Winehouse Song of the Year award winner refused visa to US to attend Grammys

Amy Winehouse wins Song of the Year at Grammy's


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EU-Britsh Amy Winehouse Song of the Year winner refused visa to US to attend Grammys

On Sunday British soul singer Amy Winehouse won the Song of the Year prize at the 50th annual Grammy Awards Sunday in Los Angeles for her single "Rehab." Amy Winehouse, the British singer with the fantastic voice, yet tumultuous, drug-riddled life, will not be attending the Grammys this year, in-spite of her 5 nominations.

Winehouse, who led the evening's ceremony with four major awards, beat the songwriters behind "Before he Cheats," sung by Carrie Underwood, "Hey There Delilah," sung by the Plain White T's, "Like a Star" sung and written by Corinne Bailey Rae, and "Umbrella" performed by Rihanna. Winehouse, who was not at the ceremony to pick up the award personally, was originally due to perform live at the show but was denied a US visa last week. By the time US authorities approved her visa on Friday, her publicist said it was too late for the 24-year-old singer to travel to Los Angeles.

Note EU-Digest: another example of the hypocritical US foreign policy measures by the Bush Administration.

Times On-Line: Italy- the Italian Obama - Send for Mr Nice Guy - by Rosemary Righter

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Italy- the Italian Obama - Send for Mr Nice Guy - by Rosemary Righter

Two years ago, an impressive 83 per cent of Italian voters turned out in an election that neither Silvio Berlusconi nor Romano Prodi deserved to win. Italy's choice lay between a sleek snake-oil merchant who had done culpably little with a record five years in power, and a rumpled political cobbler whose chances of getting anything done at all were slight. So here again is Il Cavaliere Silvio, back in the running for the third time and lengths ahead of Walter Veltroni, the centre-left horse in this race. Yet the finish could be close. What is new is that Mr Veltroni has understood one big thing about Silvio's appeal: that he stands out from the rest of the pack. And he is attempting to steal his act.

Mr Veltroni, whose day job is Mayor of Rome, is the leader of a “new” Democratic Party, forged last autumn by merging his Margarita Party with the ex-communist Democrats of the Left. The DP, he now says, will break with the idea of coalition, fighting this election alone. This is being greeted as a big gamble, which suits Mr Veltroni just fine, but is actually cold calculation. There was no way to market the same old squabbling bunch as an attractive new team. Besides, polls show that more voters would back the DP if it cut loose from the hard Left. Mr Veltroni goes farther: what he is selling is himself. And a most marketable commodity he is.

“SuperWalter” is everything that Il Cavaliere is not, all bella figura (socially accomplished) to Silvio's brutta figura (can't take the man anywhere). A writer and film buff, he has been dubbed Buonismo, roughly translatable as Mr Nice Guy. He is a luvvie's dream candidate who has put Rome back on the cultural map. He entered politics as a communist (even editing L'Unità, the party paper), but morphed seamlessly into an admirer of the Kennedys. His new model? Barack Obama. He has even echoed Obama's slogan, “Yes we can”, and talks about “turning the page” and “the end of an era of brawls and hatred”. His pitch is that Mr Berlusconi, 71, is the man of the past who disappointed everybody, and that he, a mere 52, is the man of “renewal” . But he says it politely.

EU-Digest/Sun Sentinal: Cuba - Castro's fate remains in question -- Can EU Capitalize on change of power? - by Ray Sanchez

the Capitol in Havana, Cuba


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Cuba - Castro's fate remains in question -- Can EU Capitalize on change of power? - by Ray Sanchez

Most Cuba watchers think Castro may be setting the stage for his retirement as president of the Council of State, the island's top governing body, which he has led since its creation in the mid-1970s. Members of the National Assembly will select the council's members in March. They caution, however, that Castro has always done things on his terms. Will parliament again name Fidel Castro president of the nation's highest governing body and chief of state later this month, despite his long public absence, or will he assume more of an advisory role? Will brother Raúl be named Cuba's new president? Or will a younger generation take over? The answers lie in a process that rivals a papal selection, rife with speculation and cloaked in secrecy. When the 614-member assembly meets on Feb. 24, its main order of business will be to select members and officers of the Council of State, the island's highest governing body.Cuba watchers have identified three likely post-Castro successors: Carlos Lage, Cuba's 56-year-old vice president and a former physician; Felipe Perez Roque, the 42-year-old foreign minister; and National Assembly President Ricardo Alarcón, 70. Among the three Lage seems the person to watch because he is acceptable to multiple circles within the leadership – in the military, in the party, with the Raúlistas." Dan Erikson, an expert on Cuba at the Inter-American Dialogue think tank in Washington. He said many of Cuba's top leaders would no doubt like to see a formal transfer of power to a younger generation, while Fidel Castro takes on a more ceremonial role. Lage is credited with engineering and implementing the limited reforms that restarted Cuba's economy after the Soviet collapse. The programs included legalizing the dollar, creating small private enterprises and agricultural cooperatives, and increasing foreign investment and tourism. Although Fidel Castro reversed many of the reforms in 2003, Lage is viewed favorably among foreign businessmen in Cuba as a pragmatist open to economic change.

Note EU-Digest: Cuban university students, in a rare public challenge to authorities, openly criticized government restrictions on access to the Internet, hotels and travel abroad. Their criticism in a video circulated this week comes as more Cubans begin to speak out about the shortcomings of Cuba's socialist system, a debate encouraged by acting President Raul Castro since taking over from his ailing brother Fidel Castro in 2006.

The EU has taken some positive and constructive steps in moving this dialog along. French Francis Wurtz, leading a delegation from the Confederal Group of the European United Left of the EU parliament, spoke out against any European Union (EU) sanction to Cuba. "We are for a constructive position and frank exchange of opinions on all issues between the 27 nations of the EU and Cuba," the legislator told the Cuban Granma newspaper.

In Cuba the European ambassador said real change in Cuba would only come when presidential power was handed over to a younger leader, such as Vice President Carlos Lage, the architect of reforms that opened up Cuba to foreign investment and tourism in the 1990s. “Raul will not move while Fidel is around. There are too many vested interests in the political bureaucracy,” he said.

In the Czech Republic the foreign minister recently pledged his country's support to Cuban dissidents, saying that the number of political prisoners in Cuba remains enormously high. Foreign Minister Karel Schwarzenberg made the remarks after meeting in Prague with Cuban dissident Hector Palacios, who was released from Cuban prison in 2006 for health reasons and has been undergoing treatment in Spain. Schwarzenberg himself was expelled from Cuba three years ago, forced to board a plane to Paris one day before a mass dissident assembly that he had planned to attend. At the time Schwarzenber was a member of the upper chamber of Czech parliament, the Senate. Schwarzenberg said: ""I hope that in the near future, in a year or two, Cuba will become a free country with the help of the European Union". Palacios through an interpreter responded, "The Cuban opposition has strengthened ... and the regime of Fidel Castro has been weakened due to his incurable disease, which opens a huge space for changes."

Schwarzenberg has been holding talks with his Spanish counterpart as well as other foreign ministers in the EU toward making a "joint effort" to help change happen in Cuba.

It is certain that change will happen in Cuba sooner or later. The EU can play a major role in this process. It is able to be a counterforce to the radical and irresponsible conservative hard-liners outside Cuba, which seek revenge and upheaval rather than a peaceful and gradual change towards economic independence and democracy in Cuba.

Le Monde Diplomatique: Why the US has really gone broke - by Chalmers Johnson

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Why the US has really gone broke - by Chalmers Johnson

It is virtually impossible to overstate the profligacy of what the US government spends on the military. The Department of Defense’s planned expenditures for the fiscal year 2008 are larger than all other nations’ military budgets combined. The supplementary budget to pay for the current wars in Iraq and Afghanistan, not part of the official defense budget, is itself larger than the combined military budgets of Russia and China. Defense-related spending for fiscal 2008 will exceed $1 trillion for the first time in history. The US has become the largest single seller of arms and munitions to other nations on Earth. Leaving out President Bush’s two on-going wars, defense spending has doubled since the mid-1990s. The defense budget for fiscal 2008 is the largest since the second world war.

The fact that the US did not modernize or replace its capital assets is one of the main reasons why, by the turn of the 21st century, the US manufacturing base had all but evaporated. Machine tools, an industry on which Melman was an authority, are a particularly important symptom. In November 1968, a five-year inventory disclosed “that 64% of the metalworking machine tools used in US industry were 10 years old or older. The age of this industrial equipment (drills, lathes, etc.) marks the United States’ machine tool stock as the oldest among all major industrial nations, and it marks the continuation of a deterioration process that began with the end of the second world war. This deterioration at the base of the industrial system certifies to the continuous debilitating and depleting effect that the military use of capital and research and development talent has had on American industry.”

Some steps that the US urgently needs to take. These include reversing Bush’s 2001 and 2003 tax cuts for the wealthy, beginning to liquidate our global empire of over 800 military bases, cutting from the defense budget all projects that bear no relationship to national security and ceasing to use the defense budget as a Keynesian jobs program.

Egypt Today: A controversial film breaks open the taboo topic of homosexuality and Islam - by Ethar El-Katatney

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Homosexuality is not a comfortable, much less a popular, topic among Muslims. Broach the subject in the Middle East, and you’re likely to hear a response like the one Iranian president Mahmoud Ahmadinejad gave US audiences last year: “In Iran, we don’t have homosexuals, like in your country.” At best, society adopts a ‘don’t ask, don’t tell’ approach – do what you will, just don’t advertise it. A controversial new documentary, A Jihad for Love, is shattering that taboo by interviewing homosexual Muslims, including an Egyptian gay man ‘outed’ by his arrest during the 2001 Queen Boat raid and an Egyptian lesbian still hiding her sexuality from society. Filmmaker Parvez Sharma had dual motivations: first, to challenge the mindset that Muslim and gay are mutually exclusive, and second, to challenge the Western world’s own Islamophobia.

Born and raised in India, 34-year-old Sharma is currently touring the world, screening his 81-minute documentary in Canada, South Africa and Europe. Released in September 2007, A Jihad for Love is his first venture and an emotional opus; it cost $2 million and took six years to complete, with filming in four continents, 12 countries and nine languages.Hendricks’ research included interpretation of the Qu’ran in a modern context and studies of inconsistencies in the hadith. He eventually came to the conclusion that consensual homosexual relationships were permissible in Islam. Hendricks now travels around the US giving workshops to Muslims about homosexuality in Islam and offering a critical look at hadith (sayings of Prophet Muhammad [PBUH]), from which most of the condemnations of homosexuality come.

DueMoteri.com: Italy - New Bravo engine boosts Fiat's green credentials

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Italy - New Bravo engine boosts Fiat's green credentials

A new diesel engine, introduced initially for use in the Bravo range, has again demonstrated Fiat Group’s commitment to the production of increasingly environmentally-friendly cars. Fiat’s new 1.6 MultiJet 16v unit, announced just last week, promises sparkling performance, outstanding torque, increased noise suppression and lower running costs for the Bravo range. The addition also makes Bravo the first car in its category to be fitted with a Euro 5-compliant engine, well ahead of the 2009 deadline.

Imtech: Netherlands: Imtech Gets Energy Contract Of 140 Million Euro For German Federal Intelligence Service

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Netherlands: Imtech Gets Energy Contract of 140 Million Euro For German Federal Intelligence Service

Imtech (technical services provider in Europe) announced from its headquarters in Gouda, the Netherlands, that it recently won an energy contract for the implementation of a decentralized energy power plant and all energy supplies for a period of 15 years for the German Federal Intelligence Service. This contract has a value of about 140 million euro, 30 million euro for the power plant and 110 million euro for services in the operational phase. The German Institute for Real Estate Development ('Bundesanstalt für Immobilienaufgaben') contracted Imtech on the basis of a 15-year contract as energy partner of the Federal Intelligence Service ('Bundesnachrichtendienst') in Berlin for the new 250,000 m² office building on a ten-acre big campus. 4,000 employees of the Federal Intelligence Service will work on this new campus. Imtech will implement a decentralized energy power plant and will facilitate all energy supplies for heating, cooling and energy distribution and related energy solutions. Imtech will start the implementation of the power plant at the end of 2008. The energy contracting services of the operational phase will begin in 2011 after completion of the building.

Imtech N.V. is a European technical services provider in the fields of electrical engineering, ICT (information and communication technology) and mechanical engineering. With approximately 18,000 employees, Imtech realises annual revenue of 3 billion euro. Imtech holds strong positions in the buildings, industry, infrastructure / mobility markets in Belgium, Germany, Luxembourg, the Netherlands, Eastern Europe, Spain and the UK and in the global maritime market. Imtech provides services to a total of 12,000 clients. Imtech offers added value in the form of integrated and multidisciplinary total solutions that lead to improved operating processes and higher yields for clients and their clients in return. Imtech also provides solutions that contribute to a sustainable, liveable society, for example in the field of energy, mobility, safety and the environment. Imtech shares are listed on the Euronext Stock Exchange (Amsterdam), where Imtech is included in the Amsterdam SmallCap Index (AScX) and the Next 150 index. Imtech was recently given the award of "the best Dutch employer" by the Dutch Employer Federation CRF

2/9/08

EU-Digest: Suriname prosecutors say1982 massacre by Bouterse and his supporters was no military operation, but a criminal act


Special EU-Digest report on the Bouterse trial in Suriname, a former Dutch Colony

Suriname prosecutors say 1982 massacre by Bouterse and his supporters was no military operation, but a criminal act

Dismissing arguments from defense lawyers prosecutors in Suriname said, that the December 1982 slaying of 15 government opponents was not a military operation. Military prosecutor John Mohamedamin told a three panel military court that, although the killers might have used military weapons to commit the crimes, this doesn’t make it automatically a military operation. Not only army officers took part in the slaying said the prosecutor but also civilians. “This makes it an ordinary criminal act.” Mohamedamin argued. Dismissing arguments from defense lawyers prosecutors in Paramaribo said, that the December 1982 slaying of 15 government opponents was not a military operation.

On December 8, 1982, 15 men including lawyers, army officers, university lecturers, businessmen and journalists were rounded up by army personnel, tortured and shot dead in the Fort Zeelandia military headquarters in Paramaribo, the capital of Suriname. Bouterse, a two-time coup leader who remains a powerful political figure in Suriname, did not attend the court session at a naval base near the capital, Paramaribo. The former dictator seized control of Suriname by a coup in 1980, five years after the country gained independence from the Netherlands. He stepped down in 1987 under international pressure, but briefly seized power again in 1990.

The military legal panel has scheduled another hearing for Feb. 29, when defense attorneys and prosecutors will be allowed to present additional motions ahead of the trial, expected to begin sometime this year.

AP: Creationists Seek Foothold in Europe - by Gregry Katz

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Creationists Seek Foothold in Europe - by Gregry Katz

Europeans have long viewed the conflict between evolutionists and creationists as primarily an American phenomenon, but it has recently jumped the Atlantic Ocean with skirmishes in Italy, Germany, Poland and, notably, Britain, where Darwin was born and where he published his 1859 classic. Darwin's defenders are fighting back. In October, the 47-nation Council of Europe, a human rights watchdog, condemned all attempts to bring creationism into Europe's schools. Bible-based theories and "religious dogma" threaten to undercut sound educational practices, it charged. Schools are increasingly a focal point in this battle for hearts and minds. A British branch of Answers in Genesis, which shares a Web site with its American counterpart, has managed to introduce its creationist point of view into science classes at a number of state-supported schools in Britain, said Monty White, the group's chief executive. Creationism is still a marginal issue here compared with its impact on cultural and political debate in the United States. But the budding fervor is part of a growing embrace of evangelical worship throughout much of Europe. Evangelicals say their ranks are swelling as attendance at traditional churches declines because of revulsion with the hedonism and materialism of modern society.

Monty White chief executive of Answers in Genesis said in an interview at his office in Leicester, 90 miles north of London, "People are looking for spirituality, I think they are fed up with not finding true happiness. They find having a bigger car doesn't make them happy. They get drunk and the next morning they have a hangover. They take drugs but the drugs wear off. But what they find with Christianity is lasting." The true history of the Earth is told in the Bible, not Darwin's "The Origin of Species".

AFP: French ban on strain of GM corn becomes official

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French ban on strain of GM corn becomes official

France officially imposed Saturday a ban on a strain of genetically modified (GM) corn produced by the US agribusiness giant Monsanto, with the publication of an agriculture ministry order in the state's official journal. "The growing of corn seeds ... derived from genetically modified corn strain MON810 is prohibited on [French] territory," read the order signed by Agriculture Minister Michel Barnier. Monsanto's 810 maize had been the only GM crop grown in France, but the French government last month began moving to ban its further use after a watchdog authority said it had "serious doubts" about the product in a report that has been controversial even among the scientists who put it together. The agriculture ministry order said the ban would remain in force until a decision was taken whether to renew the authorisation for the GM strain to be sold on the French market.

FT.com - Debt fears heighten in US and Europe by Michael Mackenzie and Henny Sender

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Debt fears heighten in US and Europe by Michael Mackenzie and Henny Sender

Fears about corporate and commercial property debt reached new heights in the US and Europe on Friday as investors liquidated holdings in a sign of spreading credit turmoil. The markets were gripped by worries that economic weakness would affect corporate profits, leveraged buy-outs and commercial property. This represents an escalation of the crisis that began with concerns about US subprime mortgages.

Hedge funds that bet on the likelihood of buy-out deals happening have been among the casualties. The turmoil has also put pressure on banks and other investors who are holding $200bn (£103bn) of leveraged loans that they had been hoping to sell. Kevin Cronin, portfolio manager at Putnam Investments, said: “The overhang of bank debt from last year’s leveraged buy-out activity is becoming more problematic. “Loans are being liquidated at distressed prices and banks are looking to reduce risk.”

2/8/08

DW: Turkih PM Erdogan in Favor of Turkish Schools, Universities in Germany

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Turkih PM Erdogan in Favor of Turkish Schools, Universities in Germany

During a meeting with Merkel and school students from Berlin on Friday, Feb 8, to discuss problems of young migrants such as language barriers, Turkish Prime Minister Tayyip Erdogan said he was in favour of integration and against assimilation. The Turkish leader said he supported integration efforts but people's differences must be accepted. "In Germany, it should be possible for high schools to be set up where the teaching is in Turkish," Erdogan said, adding he also favored the idea of Turkish-language universities in Germany. Germany is home to Western Europe's biggest population of Turks -- about 2.5 million people.

Note EU-Digest: Erdogan's plan which has met with scepticism in Germany makes no sense at all. The priority of Turks or any other foreign national who choses to immigrate to a EU nation should be that he or she needs to assimilate and learn the language of their new home country. EU governments should not get involved in subsidizing schools which are based on providing immigrants the opportunity to stay connected with their culture, language or religion.

Bloomberg.com: Al-Qaeda Using Internet to Recruit in Germany, Government Says - by Allan Crawford

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Al-Qaeda Using Internet to Recruit in Germany, Government Says - by Alan Crawford

Al-Qaeda is targeting potential recruits in Germany through the Internet, the government said, confirming a newspaper report that militant Islamists may be planning a terrorist attack in Germany.

German intelligence services have observed an increase in the number of German-language Internet sites that promote al- Qaeda, including video sites with German subtitles, a government spokesman told a news conference in Berlin today. The sites focus on recruitment of potential volunteers, spreading a radical message and providing technical information such as bomb-making instructions, the government said. Germany is increasingly in the sights of al-Qaeda, it said.

Time Magazine: Sarkozy's Honeymoon: Fini! - by Bruce Crumley

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Sarkozy's Honeymoon: Fini! - by Bruce Crumley

Though beautiful while it lasted, French President Nicolas Sarkozy's honeymoon with a formerly adoring French public that elected him just eight months ago has definitely come to an end. The only question is what deserves the most credit for his precipitous drop in the polls: disappointment in his policies and plans for economic reform, or growing disenchantment with his tabloid-friendly love life.Yet it's the political fallout that has Sarkozy's conservative allies more worried. With nationwide municipal elections just five weeks away, conservative candidates fear a possible leftist rout in cities across France, as voters signal their displeasure with Sarkozy's national leadership. Signs of Sarkozy's falling fortunes were starkly apparent on Thursday, when three of the nation's newsweeklies hit kiosks with critical Sarkozy-focused cover stories.

Conservative legislators and mayoral candidates worry that the small-business owners most affected by the proposed reforms — historically stalwart UMP voters — are likely to join the rising tide of displeasure at the municipal polls next month. That prospect of appears to have caused Sarkozy to blink; on Wednesday, leaders of protesting taxi drivers were called to the Elyse and assured the deregulation plans had been shelved. And despite Sarkozy's avowal in December that state "coffers are empty," the presidency also announced new handouts for retirees receiving minimal pensions — a demographic pollsters count among the largest defectors in Sarkozy's approval slide. Whether all that is enough to protect conservatives from an election mauling will be seen in March.

The Real Truth: Belgium’s Identity Crisis--A Sign of Things to Come for the European Union? - by Ryan P. Denee

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Belgium’s Identity Crisis--A Sign of Things to Come for the European Union? - by Ryan P. Denee

A drive through the countryside of Belgium is a unique and relaxing experience not soon forgotten. The scenic tree-lined roads, with trunks sometimes inches from the pavement, are an expression of order and natural beauty. The branches springing from opposing sides of the road intertwine to form a comforting tunnel of lush foliage. Yet this seemingly idyllic, peaceful country has just experienced an unprecedented political crisis.From the national elections in June 2007 through late December, the country was without a government. For more than six months, disagreeing politicians and parties were unable to form a coalition to lead Belgium.

Belgium was created by Britain in the 1830s. The northern Flemish region (predominantly Dutch-speaking) was combined with the southern Walloon region (largely French-speaking). Arguably, this was beneficial to the region at large, but not without consequences for the people living within its borders. In the 19th century, the Walloon region had many natural resources. As a result, the Walloons were the wealthy people of the land. In effect, they dominated the country at the time, with many looking down on the Flemish with an air of superiority. In fact, it was not until well over 100 years later that Dutch became an official language.

The very country that also holds the capital of the European Union is struggling to combine differing peoples, cultures and languages. Could this be a sign of things to come for the EU? To have 27 nations agree on even simple things—butter, cheese and chocolate—enormous bureaucracies have been created. But these are only the “unimportant” issues of diplomacy. Bureaucratic layers of committees are used to define and control everything that occurs in the EU. However, these large and growing institutions of the EU cannot appease every faction; compromise has found its limits time after time.

The story of Belgium underscores the reality that the EU faces a tough road ahead. The number of differences within these 27 countries will create tremendous political crises. When these crises come to a head, Europe will be at a crossroads. They will need a solution—something to unite them.

France24, France's trade deficit breaks 'sad' record

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France's trade deficit breaks 'sad' record

The 2007 French trade deficit will likely come close to a record 38-39 billion euros (56-57 billion dollars), Secretary of State for Foreign Trade Herve Novelli said in an interview to appear Thursday. Novelli told the newspaper La Tribune the performance amounted to "a sad record." The shortfall in 2006 was 28.2 billion euros, according to customs authorities, who are due to release the 2007 figures on Thursday.

"Despite an improvement in exports, our industrial balance, which is barely positive, cannot compensate for the energy bill," Novelli told the paper. In the first 11 months of the year the shortfall amounted to 35.5 billion euros, far more than the 31.7 billion forseen by the government.

Businessweek: EU warns of continued financial turmoil

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EU warns of continued financial turmoil

EU Economic and Monetary Affairs Commissioner Joaquin Almunia told Japanese business leaders Friday in Tokyo that world economic conditions "are particularly challenging this year" adding that financial markets "are set to remain fragile for some time." Almunia's remarks, which were made available by his office, said that problems in credit markets combined with record high commodity prices have intensified concerns that the global economy is in trouble. "Oil and food prices have reached record highs and the U.S. economy is undergoing a pronounced slowdown," Almunia said. "The turmoil in international financial markets is also expected to continue for longer than initially thought."

Almunia said that economic growth in the European Union will be lower than the 2.4 percent and the 2.2 percent for the 15-nation euro-zone forecast made late last year. He said a new indication of the bloc's economic outlook for this year will be released Feb. 21.

Xiinhua: ECB leaves interest rates unchanged, pressure remains

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ECB leaves interest rates unchanged, pressure remains

The ECB decided on Thursday to hold its key interest rates steady at 4 percent, ignoring calls from European economic circles to follow the U.S. Federal Reserve's lead to lower rates to promote economic growth.The main pressure, which builds on the ECB to cut rates, includes the Bush administration's tax-relief plan and the U.S. Fed's monetary policy of lowering interest rates in recent months, as the U.S. central bank has reduced rates five times since September to the current 3 percent in a bid to stimulate the economy.

Note EU-Digest: The ECB is correct in not following the US example of interest rate cuts given that the EU economic picture is totally different from that of the US. Following the US pattern of rate cuts would only increase inflation in Europe which has been on the rise.

Die Welt: What Europe Can Expect from the US Pres. Candidates - by Lord George Weidenfeld ( translated by Ron Argentati)

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What Europe Can Expect from the US Pres. Candidates - by Lord George Weidenfeld ( translated by Ron Argentati)

Hillary Clinton intends to continue cultivating contacts with Europe as well as with al-Qaeda and US-friendly regimes in Egypt, Jordan, Turkey, and Israel. Here she wants to proceed more tactfully than Bush and will try to succeed in the goal nearly achieved by her husband, namely to convince (or even force) the Israelis and Palestinians into a peace settlement. One should not forget that it was Bill Clinton who played a leading role in the Balkans which led to regime change in Serbia and produced a realignment, albeit a fragile one, in the region.

After several discussions with Barack Obama’s confidantes and independent supporters, one gets a hazy picture of his exact world political ideas and ideals. He is supported by most of the liberal intelligentsia. The Kennedy clan pays homage to Obama as the symbol of a younger generation and Jack Kennedy’s spiritual heir. Still, among those closest to him, one finds radical advocates of a thoroughly altered foreign policy. Robert Malley, former official in Clinton’s National Security Council, is leading a well-aimed campaign against Israel. He maintains that at the 2000 Camp David Summit, the Clinton-led negotiations failed not because of Arafat’s veto but basically because of the dishonorable bargaining tactics and hollow promises of then-Israeli Prime Minister Ehud Barak. Barack Obama wants to deal directly with Hamas and Hezbollah and also negotiate a new relationship with Iran.

I met John McCain and his wife at a meeting in London where I shared a table with them. I got the impression from both McCains that I was dealing with educated and well-read connoisseurs of European culture and politics. McCain differs from the Neoconservatives in that he does not share their inflexible compulsion to literally force western democracy on the world. Actually, one could compare the Neocons with an automobile that has classic-liberal bodywork but is powered by an old Trotskyite engine. That these elections are being followed with burning interest by the rest of the world is proof that despite America’s losses of reputation, honor, and victory, whatever affects the superpower affects us all.

IHT: Space for Europe - by Giovanni Bignami

The planned European manned Hermes Space vehicle


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Space for Europe - by Giovanni Bignami

When the aging Shuttle brings the European Space Agency's Columbus module up to the International Space Station on Thursday and its crew screws it all together, participating nations will finally be close to using its relatively short exploitation period. Scientists from around the world will only have about 10 years to use the facility - for it is also aging, having taken a good two decades to build. Now is the time, especially for Europe, to start planning the post-space station future of manned space travel. The Shuttle will be abandoned in two years. Access to the space station will then only be possible with that old workhorse, the Soyuz, based on essentially the same technology that shot Yuri Gagarin into orbit in 1961. Now that the Cold War is over, Soyuz is open to Americans and Europeans alike, but the cost of a ticket is likely to go up.The Kourou spaceport offers Europe an opportunity to give a long-term, post-ISS future to its manned space program. European decision-makers need to take an initiative that will establish a strong collaboration with NASA and demonstrate the innovative spirit and boldness of European industry and science.Certainly, the high-lift Ariane launcher, equipped with its Automatic Transfer Vehicle (which will have its maiden flight on Feb. 22 from Kourou) could come in handy for a new orbital infrastructure.

RIA Novosti - Polish PM starts Moscow visit focusing on missile defense, visas

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Polish PM starts Moscow visit focusing on missile defense, visas

Poland's prime minister is meeting with his Russian counterpart as part of his one-day visit to Moscow set to focus on U.S. missile defense plans, visa regulations and Russia-EU ties. The visit is Donald Tusk's first to Russia since he came to power in November 2007, when he moved to bridge a gap in bilateral ties. Moscow has since agreed to lift a 2005 embargo on Polish meat, and Warsaw, in response, to withdraw its veto from cooperation pact talks between Russia and the European Union.

Reuters: Euros Accepted signs pop up in New York City


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Euros Accepted signs pop up in New York City

In the latest example that the U.S. dollar just ain't what it used to be, some shops in New York City have begun accepting euros and other foreign currency as payment for merchandise. "We had decided that money is money and we'll take it and just do the exchange whenever we can with our bank," Robert Chu, owner of East Village Wines, told Reuters television.

While shops in many U.S. towns on the Canadian border have long accepted Canadian currency and some stores on the Texas-Mexico border take pesos, the acceptance of foreign money in Manhattan was unheard of until recently.

WSJ: Free Enterprise: Why Bill Gates Hates My Book - by William Easterly

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Free Enterprise: Why Bill Gates Hates My Book - by William Easterly

Mr. Gates seems to believe that the solution is to persuade for-profit companies to meet the poor's needs by boosting the "recognition" of corporate philanthropy. But the dossier of historical evidence to suggest this would work is as thin as Kate Moss on a diet. First of all, the recognition motive has proven to be awfully weak compared to the profit motive. Otherwise we would have had a lot more than the $5.1 billion of annual American corporate philanthropy to the Third World (as of 2005, which has the most recent reliable figures). That was four one-hundredths of 1% of the $12.4 trillion of U.S. production for the free market. Is it really the poor's only hope that the Gap will donate a few pennies per sexy T-shirt for AIDS treatment in Africa?

Profit-motivated capitalism, on the other hand, has done wonders for poor workers. Self-interested capitalist factory owners buy machines that increase production, and thus profits. Capitalists search for technological breakthroughs that make it possible to get more output for the same amount of input. Working with more machinery and better technology, workers produce more output per hour. In a competitive labor market, the demand for these more productive workers increases, driving up their wages. The steady increase in wages for unskilled labor lifts the workers out of poverty.

2/7/08

collectSPACE: -EU - "Columbus sets sail for space station"

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EU-"Columbus sets sail for space station"

Space shuttle Atlantis launched this afternoon, setting sail with a seven member crew and a new European-built science lab christened Columbus for the International Space Station. Commanded by Steven Frick, the astronauts aboard the planned 11-day mission also includes German and French crewmen, as well as four Americans, one of whom has become the 300th U.S. citizen to enter space. "We know the Columbus module has been many years in the making and we're looking forward to doing our part to bring it up," radioed Frick from Atlantis' flight deck shortly before launch. "We're looking forward to a great flight and coming back to see our families in two weeks."

Caribbean360.com: Dominican Republic prepares to sign a new Economic Partnership Agreement (EPA) with EU

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Dominican Republic prepares to sign a new Economic Partnership Agreement (EPA) with EU

As the Dominican Republic prepares to sign a new Economic Partnership Agreement (EPA) with Europe as part of CARIFORUM (CARICOM and the Dominican Republic), a former Ambassador is suggesting that the move will work in that country's favour. But he says the protectionism which other Caribbean countries have become accustomed to could put them at a disadvantage when they're forced to open up their markets. Bernardo Vega says the new trade deal which is expected to be signed on March 31st and provisionally applied on April 1st provides certainty for investors and is much more beneficial than the Dominican Republic-Central America Free Trade Agreement (DR-CAFTA). "Unlike DR-CAFTA, the EPA recognises concepts like non-reciprocity and slower opening up of markets by the Caribbean. It also provides temporary migration facilities and guarantees a certain volume of aid not available under DR-CAFTA," he said.

Swedish Space Corporation - Texus 44 - ESA's first launch in 2008

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Sweden - Texus 44 - ESA's first launch in 2008

The sounding rocket Texus 44 was successfully launched today from the Swedish Space Corporation’s launch facility Esrange Space Center in northern Sweden. The launch took place at 11:30 (UT) and the rocket provided 376 seconds of weightlessness time for the 4 experiments on board. The Texus project is a sounding rocket programm with the primary aim to investigate the properties and behaviour of materials, fluids and biological samples in a weightlessness environment. Texus 44 is funded by ESA (European Space Agency) and carried out jointly by DLR, EADS Astrium, Kayser-Threde and Swedish Space Corporation.

IHT: Iran unveils space center, launches rocket capable of carrying a satellite; US concerned

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Iran unveils space center, launches rocket capable of carrying a satellite; US concerned

Iran launched a research rocket and unveiled its first major space center, state television reported Monday, the latest steps in a program many fear may be cover for further development of its military ballistic missiles. State television showed live images of the event, with President Mahmoud Ahmadinejad issuing the launch order. Iran has long declared a goal of developing a space program, but the same technology used to put satellites in space can also be used to deliver warheads. The country's space program, like its nuclear power program, has provoked unease abroad.

The North Bay Nugget - EU- French Car Industry: Louis Renault - by Steven Reive


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The North Bay Nugget - EU- French Car Industry: Louis Renault - by Steven Reive

Louis Renault; Of all the brilliant people who acquired patents for inventions and built empires, he was one of the most successful, but also one of the most tragic. Born in February 1877 to a wealthy family of Paris merchants, Renault was the last of five children but the first one interested in all things mechanical. He could wrap his mind around any idea. Electricity and engines were his passion and, during a time of hectic technological change, he was on the cutting edge. He was intuitive and practical. It was obvious he was different.

Renault failed his school entrance exam but by the time he turned 20 he had converted his De Dion-Bouton tricycle into a small, four-wheeled vehicle. The "direct drive" followed, the first gearbox that instantly eliminated the transmission chains and cogs that had been used until then. A year later, on Christmas Eve, Renault was so confident his new invention would work, he bet a group of friends he could climb the 13-degree slope of the Rue Lepic on the way to Montmartre, the highest hill in Paris. He made the climb and took cash deposits for 12 orders. Within a few months, Renault had established a patent for the direct-drive system. Within a decade, every manufacturer was using it.

2/6/08

theparliament.com - EU slams Serbia for blocking agreement

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EU slams Serbia for blocking agreement

The EU has been forced to postpone Thursday’s signing of an interim political agreement with Serbia following a veto from one of the country’s largest political parties. “We regret the obstruction by politicians blocking the signature,” said enlargement commissioner Olli Rehn on Wednesday. “They have failed to hear the voice of the Serbian people, which is in favour of citizens’ rights. Politicians have put power games over citizens’ interests.”

boingboing.net: Credit Card Ripoff: Visa/Mastercard's "Foreign transaction fee" : What is the EU doing about it?- by Cory Doctorow


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Credit Card Ripoff: Visa/Mastercard's "Foreign transaction fee" : What is the EU doing about it? - by Cory Doctorow

It doesn't matter if you use an ATM, buy over the Internet/phone, or walk into a store -- the credit-card companies always dip their beaks. When you pay your hotel bill, when you buy a plane ticket, every time you use Amazon.uk to order a British release (Citibank told me that they even charge the fee when I withdraw from my Citibank US account while at a Citibank UK ATM, using Citibank's own network!). What makes this such a rip-off is that the credit-card companies already charge a fee -- up to five percent! -- to the merchants for processing the transaction. So Mastercard and Visa are getting a slice from the store, and a slice from the customer. In a global marketplace, Mastercard and Visa are acting like letting you spend your own money is a special service deserving its own fee. The Citibank rep I spoke to told me that the fee used to be one percent, and that it was hidden on the credit-card bills, but that in 2006, the fees tripled and Citi started to break them out on the bill so you could see how badly you're getting hosed.

Note EU-Digest: About 23 billion card payments are made annually in the EU with an overall value of 1.35 trillion euros ($1.63 trillion) from a combination of merchant fees, customer fees and handling charges paid between banks and card providers.Credit and debit cards such as Visa and MasterCard are racking up "abnormal" and "excessive" profits for banks. In 2006 European Union antitrust chief Neelie Kroes said: "The more the payment card industry does on its own initiative, the less they are likely to face action under antitrust rules ". Unfortunately not much has happened to correct this profiteering by the credit card and banking companies in Europe or anywhere else in the world.

Telegraph.co.uk: EU Hypersonic flight: Brussels - Sydney in 5 hours - Tom Chivers

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EU Hypersonic flight: Brussels - Sydney in 5 hours - Tom Chivers

A British-designed, 3,800mph (6,115kph) hypersonic airliner could one day ferry holidaymakers from Brussels to Sydney in five hours.The A2, designed by Oxfordshire company Reaction Engines, would hold 300 passengers and travel at five times the speed of sound.The company aims to have the plane in service within 25 years, and believes that an Antipodean return trip would cost about as much as an existing business-class ticket.The project, known as the Long-Term Advanced Propulsion Concepts and Technologies or LAPCAT, is funded by the European Space Agency (ESA) to encourage the use of space-travel technology in aircraft design. According to Reaction Engines the A2 would be capable of sustained travel at Mach 5, or 3,800mph - more than double the late Concorde’s top speed.

AlterNet: Where Would Obama Take the US ( and Europe)? - by Robert Parry

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Where Would Obama Take the US (and Europe)- by Robert Parry

"I don't want to just end the war (in Iraq), but I want to end the mindset that got us into war in the first place," Obama said. The Illinois senator apparently was referring to his readiness to hold discussions with U.S. enemies without preconditions, a position that Clinton has called naïve and a sign of his inexperience. Meanwhile, on the Republican side, the leading contenders -- John McCain, Mitt Romney and Mike Huckabee -- are competing over how enthusiastically to embrace Bush's Iraq War and how lavishly to finance the Pentagon and its many military contractors. The Republicans are advocating locking in military spending at four percent of the gross domestic product or higher, essentially guaranteeing that Eisenhower's "military-industrial complex" will remain a well-financed fixture in American politics. Obama is the only major candidate left in the race who sounds like he would even contemplate changing this dynamic, by negotiating with enemies and looking for ways to avoid the bellicosity of the Bush years.

EU-Digest/ South Florida Sun Sentinel - US Service sector collapses -- will there be repercussions for Europe? - by Vinnee Tong

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US Service sector collapses-will there be repercussions for Europe? - by Vinnee Tong

Lingering hopes that the U.S. economy might avert a recession withered Tuesday after the nation's service sector — its banks, travel companies, contractors and stores, among others — shrank for the first time in five years.Moving company Allied Van Lines filed for bankruptcy on Tuesday, saying it had fallen victim to the downturn in the housing market and its own heavy debt load. Charming Shoppes Inc. — which runs the Petite Sophisticate and Lane Bryant clothing stores — said it would cut 200 jobs and close 150 stores. "We're trying to keep that economic news really quiet because so far our visitors don't know about it," said Nicki Grossman, president of the Greater Fort Lauderdale Convention & Visitors Bureau. "We haven't seen the compression that everybody around the country is worried about." Ryan Kaminski, who runs a Mexican restaurant in Sarasota, said the squeeze he has felt as both a business owner and a consumer since last summer is growing worse. The restaurant's traffic started thinning out last summer, pulling 2007 sales down 10 percent from a year earlier, and so far this year sales are down 15 percent from a year ago.

Note EU-Digest: As fears of a U.S. recession raise the likelihood of a global economic downturn, European executives are also more pessimistic, unlike their counterparts in emerging markets in the Pacific where solid economic expansion is set to keep earnings growth intact.More than half of company chiefs surveyed in Latin America and Eastern Europe said they were "very confident" of revenue growth this year. Their optimism contrasts with just 44 percent of West European executives who were so confident, down from 52 percent a year ago.

EU-Digest/SFGate: US Presidential Elections : Clinton Wins Big Four - biased Press favors Obama

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US Presidential Elections : Clinton Wins Big Four; Obama Gathers Delegates from smaller states with black vote- biased Press favors Obama

By winning four of the six big states -- California, Massachusetts, New York and New Jersey -- Clinton can claim that she has held where it matters and has momentum going forward. The Obama camp will claim that expectations going into Super Tuesday were too high, and point to how much of the gap with Clinton he closed in the last week. He will also point to winning 13 states to Clinton's 8,including bellwether Missouri, plus two big states: Illinois and Georgia. But he had the advantage in both: Illinois is his home turf and Georgia's large African American vote was expected to hand him a win.Still, what matters is delegates. Obama's broad wins across more states, including delegate-rich caucus states like Minnesota, will keep him close. Obama heads into more caucuses Saturday where his campaign claims he has shown big strength: Washington, Louisiana and Nebraska, with 158 delegates at stake.

Note EU-Digest: in listening to the results coming in from the US media last night it was remarkable how biased they were in downplaying Clinton win in the large states like New York and California and glorifying Obama wins. As one political observer remarked, "figures are showing that people who earn less than 50.000.00 dollars a year voted for Hillary and those above $100.000.00 voted for Obama. Obama is certainly favored by the corporate establishment, who control the media."

2/5/08

Slate: Why religious people are against gay marriage. - By Steven Waldman

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Why religious people are against gay marriage. - By Steven Waldman

It's hard to overstate just how upset religious conservatives are about gay marriage. Gary Bauer's e-mail newsletter about the Massachusetts Supreme Court ruling declared, "Culture Wars Go Nuclear." Brian Fahling of the American Family Association said it was "on an order of magnitude that is beyond the capacity of words. The Court has tampered with society's DNA, and the consequent mutation will reap unimaginable consequences for Massachusetts and our nation." A new poll from the Pew Forum on Religion & Public Life found, not surprisingly, that opposition to gay marriage and homosexuality is highest among the most religious.

Goal.com - Soccer - Netherlands - Van Basten: We Aim To Win Euro 2008

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Soccer - Netherlands - Van Basten: We Aim To Win Euro 2008

Speaking to UEFA.com, Marco van Basten is eager to repeat as manager his feat as a player 20 years ago. Back then, the gifted forward put his side on track for the winners' medal in West Germany. Now, he's anxious to do the same from the hotseat. He said, "We are now preparing for the final mission. "The friendly matches like this against Croatia are to practice and prepare, but at the European Championship we will go for the main prize. We want to win."

BI-ME: Alternative fuel takes flight with Airbus

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Alternative fuel takes flight with Airbus

his week Airbus published a press release stating: "The A380 is the first commercial plane to be powered by alternative fuel." Loaded with special fuel derived from natural gas, the Airbus will take off from its production plant in Western England. Upon takeoff, the plane will perform a three-hour test flight ending at Airbus headquarters in Toulouse, Southwest France. Airbus hopes these attention-grabbing efforts will jump-start competition and collaboration for continued development of alternative fuels. "Testing today will support future second generation bio-fuels," said the company's press release. "Fuel and energy are key challenges aviation is facing and for which technology and international research collaboration open up new horizons," said Airbus President and CEO Tom Enders. Enders cited "cross industry and cross border collaboration" as the key to an "eco-efficient enterprise."

At a time when the aviation industry is already under great pressure over the impact of aircraft emissions and the high cost of jet fuel, the company deserves to be applauded by travellers and businesses alike.

Europe 'should coordinate cancer fight' | NEWS.com.au

Europe 'should coordinate cancer fight' | NEWS.com.au

"February 06, 2008 04:45am

EUROPEAN countries should band together to fight cancer to help cut the soaring costs of treating an ageing population increasingly prone to the disease, a European Union report said.

A systemic approach is critical because the number of Europeans diagnosed with cancer each year will rise 20 per cent by 2020 due to a growing and aging population, the report said."

Houston Chronicle: Astronauts arrive in Florida for Thursday launch - by Mark Carreau

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Astronauts arrive in Florida for Thursday launch - by Mark Carreau

The Atlantis astronauts arrived at NASA's Kennedy Space Center on Monday morning, prepared to lift off this week on a delayed mission to the international space station with Europe's Columbus science module. The 11-day mission is scheduled for launch at 1:45 p.m. CST Thursday. Thursday's weather outlook includes a 60 percent chance of stormy weather linked to the passage of a cold front. Conditions are expected to improve significantly on Friday and Saturday, if the rain and lightning associated with the passage force a postponement.

Europe push for greener aviation

BBC NEWS | World | Europe

"Europe push for greener aviation
Airbus A380

Some of the biggest names in European industry have begun a public-private partnership with the EU to produce greener aircraft."

2/4/08

BBC NEWS: Dancing at Versailles to the EU Treaty - by Mark Mardell

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Dancing at Versailles to the EU Treaty

The French politicians from both houses were meeting to change the constitution so they could go ahead with the adoption of the Treaty of Lisbon. By the weekend, the Senate, the National Assembly and the President himself will all have wielded the rubber stamp. Indeed, at Versailles they bring in a real, live, giant stamp to endorse the document. No plan B - President Sarkozy had made no bones about it, and repeatedly made it clear in his election campaign that if he was president there would be no second referendum. Few politicians are open enough to say “we just can’t take the risk”, but French Prime Minister Francois Fillion was pretty direct.

Die Welt: Obama and Clinton: Who Would be Best for Europe? - Christian Andreas Morris

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Obama and Clinton: Who Would be Best for Europe? - Christian Andreas Morris

Clinton has visited Europe on several occasions in the last few years while Obama never convened a single policy meeting of the Senate European Subcommittee which he chairs, says Steve Clemons of the New America Foundation. Clinton is characterized as the most “Hawkish” candidate and Obama as the most influenced by the idea of American exceptionalism and thus the most likely to patronize America’s allies.Nonetheless, both candidates’ rhetoric evidences an overarching adherence to the principles of multilateralism, cooperation, and international legality.

In Europe, the election of a Democratic candidate is likely to be welcomed. However, that is not to say that the relationship will simply be upgraded by virtue of a hypothetical new American president’s Democratic affiliation; much work needs to be done indeed to achieve a better understanding between the partners. Given the significance of the transatlantic partnership in world affairs, irregardless of how damaged and weak it may currently be, it is surprising how marginal a topic it has been rendered by the major Democratic candidates to the presidency of the United States. The intentions of the Democratic hopefuls vis-à-vis the reinvigoration of relations with European allies are usually implied or mentioned shortly in a rather procedural fashion without any talk of a concrete strategy to accomplish better cooperation.

AP: Drugs Flowing to Europe Via West Africa - by Dulue Mbachu

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Drugs Flowing to Europe Via West Africa - by Dulue Mbachu

Since 2004, seizures of Europe-bound cocaine in Africa have risen fivefold, reaching a record 5.7 metric tons in the first nine months of last year, according to the United Nations Office of Drugs and Crime, or UNODC. Virtually all the drugs seized in Africa in the first nine months of 2007 came from West Africa, according to a U.N. report on drug trafficking. They include 2.4 metric tons seized in Senegal in June, 1.5 metric tons taken in Mauritania between May and August, and smaller quantities in Guinea Bissau, Cape Verde, Benin and Guinea.

Sify: Is Sarkozy's new wife too sexy for France?

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Is Sarkozy's new wife too sexy for France?

The news that French President Nicolas Sarkozy and his girlfriend of scarcely four months, singer and former supermodel Carla Bruni, tied the knot on Saturday will no doubt come as a relief to friends and political allies who feared he was spending too much time on his personal affairs and not enough on affairs of state. French conservatives, facing an uphill struggle in next month's local elections, may well be hoping that normalising the relationship will go a long way to repairing Sarkozy's with the French, who have grown tired of seeing their president and his mistress monopolise the covers of France's glossy glamour weeklies. But France is still, despite all of Sarkozy's efforts, a morally traditional country - a macho country - where it is more or less expected that men are promiscuous and women are tactful. French President weds model girlfriend | Bruni almost missed dinner date with destiny

Houston Chronicle: Dollar Slips in Europe

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Dollar Slips in Europe

The dollar slipped in Europe Monday as new U.S. data showed the most meager level of orders placed with American factories since 2002. The euro bought $1.4818 in afternoon European trading, up from $1.4803 in New York late Friday but well off a peak for the day of $1.4849.The British pound climbed to $1.9741 from $1.9677, while the dollar was up to 106.63 Japanese yen from 106.47 yen.

Les Echos: "Euro zone is not facing the risk of a recession", says Jean-Claude Juncker

For the complete report go to Les Echos"Euro zone is not facing the risk of a recession", says Jean-Claude Juncker

Euro group president Jean-Claude Juncker told Les Echos that 'there will not be a recession in Europe' this year. Growth in the euro zone will be below levels seen in 2006 and 2007, but 'will only be slightly below trend growth (of 2 pct),' he said in an interview published this morning. Juncker challenged IMF's reduced forecast of 1.6 pct GDP growth for the euro zone this year as 'not very credible', arguing that the European Commission's growth forecasts to be published mid-February would provide a better indication. He dismissed the idea of a US-style stimulus package given that the euro zone is not facing the risk of a recession,

2/3/08

DW: Exit Polls Show Pro-Europe Tadic as Winner of Serbian Elections

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Exit Polls Show Pro-Europe Tadic as Winner of Serbian Elections

According to exit polls and his own Democratic Party, Serbia's incumbent pro-European President Boris Tadic wins re-election in the run-off with ultra-nationalist opposition leader Tomislav Nikolic. Pro-Western Boris Tadic headed for a second term as Serbia's president on Sunday, preliminary results showed, sparking celebrations on the streets of Belgrade despite fears over Kosovo's looming independence. Tadic’s ultra-nationalist opponent Tomislav Nikolic conceded defeat at a rally of his Radical Party in the Serbian capital. "I am inclined to inform you that Boris Tadic has most probably won these presidential elections with the advantage of around two percentage points," Nikolic told supporters. "If this (result) is proven, I congratulate him on this victory," added the former ally of late autocratic Serbian president Slobodan Milosevic.

DW: Berlin Aims to Become Europe's Capital of Solar Technology

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Berlin Aims to Become Europe's Capital of Solar Technology

Berlin's Adlershof district is striving to become the place to be when it comes to solar technology. In Europe's largest science park, the experiment to merge science and industry is now taking off. Located on the eastern outskirts of Berlin, Adlershof is a quick 20-minute train ride from the city center. In GDR times Adlershof was Berlin's celebrated socialist science mecca. So when Germany's reunification threatened its further existence, the area embarked on an experiment: the creation of a science park, merging solar technology research with solar industry, in one winning equation. Since 1993, Berlin has invested billions of euros in the area -- billions the heavily indebted city doesn't have. But Adlershof's public relations manager, Peter Strunk said it was money well-invested in a bold vision, born of necessity.

DallasNews: Europe's philosophy of failure - Stefan Theil

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Europe's philosophy of failure - Stefan Theil

French and German students are being indoctrinated to believe that capitalism is immoral, says STEFAN THEIL.Educated in schools that teach a skewed ideology, they are exposed to a dogma that runs counter to core beliefs shared by many other Western countries. They study from textbooks filled with a doctrine of dissent, which they learn to recite. Extracting these children from the jaws of bias could mean the difference between world prosperity and menacing global rifts. And doing so will not be easy. But not because these children are found in the madrasas of Pakistan or the state-controlled schools of Saudi Arabia. They are not. Rather, they live in two of the world's great democracies – France and Germany.In France and Germany, for instance, schools have helped ingrain a serious aversion to capitalism. In one 2005 poll, just 36 percent of French citizens said they supported the free-enterprise system, the only one of 22 countries polled that showed minority support for this cornerstone of global commerce. In Germany, meanwhile, support for socialist ideals is running at all-time highs – 47 percent in 2007 versus 36 percent in 1991.

Note EU-Digest: There is nothing wrong in teaching students the con's and pro's of capitalism and the global market place. It will certainly help to avoid the problems the world financial system is experiencing as a result of deregulation and the lack of transparency that has resulted.

2/2/08

The Independent: Germany rejects US demand to increase Afghan deployment - by Tony Paterson

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Germany rejects US demand to increase Afghan deployment - by Tony Paterson

A bitter diplomatic row between Germany and the United States deepened yesterday after Berlin flatly rejected demands from Washington that it deploy troops in war-torn southern Afghanistan and angrily dismissed the request as "impertinent" and a "fantastic cheek". Germany currently has some 3,200 soldiers stationed in comparatively tranquil northern Afghanistan and the capital Kabul as part of the current Nato peacekeeping mission. It has been urged to deploy troops in the south before but has consistently refused. Yesterday however, it became clear that Washington had stepped up pressure on Berlin to commit troops to the south.

Net News Publisher: Moldova ‘gay bashing’ victim granted EU asylum after police brutality

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Moldova ‘gay bashing’ victim granted EU asylum after police brutality

A British judge has documented evidence of police beatings and general prejudice against gays in Moldova, and has ruled that it is unsafe for a Moldovan ‘gay bashing’ victim to return to his native country. According to the court, being homosexual today in Moldova is in some cases life-threatening. In a written ruling, judge Colin MacAulay QC allowed a Moldovan asylum seeker to stay in Great Britain because to return to Moldova would put his life in danger for being gay. Describing the case of Andrei Ivanov, a homosexual man from Moldova, the judge wrote that: “He was assaulted by the police and told to leave town, otherwise he would be killed and his house would be burned down.” Andrei Ivanov, 24, fled his native Moldova after police in the country attacked him. After beatings and death threats, the victim of ‘gay bashing’ by police was forced to flee to the West to save his life.

The SofiaEcho: Bulgaria -The Purvanov Hours

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Bulgaria -The Purvanov Hours

On January 27, President Georgi Purvanov, accompanied by Vice President Angel Marin, faced both media and the public for more than three hours in a live broadcast. The event, organised by the Presidency and Bulgarian National Television, marked the end of Purvanov’s first year of his second consecutive five-year term in office. After his opening speech, Purvanov answered questions from journalists and BNT viewers. This is an edited version.

Independient.ie: While the Celtic tiger takes a snooze, the young Eastern European tigers are up and running.

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While the Celtic tiger takes a snooze, the young Eastern European tigers are up and running.

WHILE the Celtic tiger takes a snooze, the young Estonian tiger is up and running. As are the Czech and Hungarian cubs. Those countries' envoys are coming here in numbers with the intention of wooing away some of those immigrant workers who have helped to drive our years of rapid economic growth. An unprecedented 18 countries have taken stands at the Opportunities Fair at Croke Park next month. While the Irish building industry has ground to a crawl, Poland's construction is booming and wages have doubled. The Polish stand in Croke Park, at the end of February, will be delighted to share the good news and extol the benefits of a return to Krakow, Gdansk or Bydgoszsz.

2/1/08

FT.com - Merkel rebuffs Sarkozy on Mediterranean Union plan - by John Thornhill and Bertrand Benoit

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Merkel rebuffs Sarkozy on Mediterranean Union plan-by John Thornhill and Bertrand Benoit

Angela Merkel, Germany's chancellor, pointedly told France's ruling UMP party yesterday that the future stability of the Mediterranean region affected the whole European Union and that all 27 member states should be involved in the engagement process. Mrs Merkel's comments, at a joint appearance in Paris with French president Nicolas Sarkozy, appeared to be a polite rebuff of his proposals to launch a Mediterranean Union, linking those EU member states that border the sea with their north African neighbours. However, Mrs Merkel said that her CDU party was united with Mr Sarkozy's UMP party - both on the political centre-right - in the view that the EU should offer Turkey a privileged partnership rather than full membership as envisaged by current accession talks.

'SFGate: God's Crucible' examines how Islam shaped Europe (David Levering Lewis) by Lisa Montanarelli

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God's Crucible' examines how Islam shaped Europe (David Levering Lewis) by Lisa Montanarelli

In "God's Crucible," Levering Lewis explores Islam's seminal role in shaping Europe. From 711 to 1492, emerging Europeans shared a landmass with a far more sophisticated Islamic civilization. This Muslim world transmitted its own innovations and much of classical culture to Europe. Yet traditional "Western Civ" courses skip blithely from Rome to the Renaissance, barely footnoting Islam. "God's Crucible" opens with the Muslims' meteoric conquests. For the first six centuries of the Common Era, denizens of the Arabian Peninsula stood on the sidelines as imperial Rome and Iran exhausted themselves in "history's longest demolition derby," leaving a Fertile Crescent power vacuum. After Muhammad died in 632, the newly converted Muslims roared out of Arabia "motivated as much by the spoils of war as by religious zeal ... ancient greed soldered to a new ideology." They gave their adversaries a choice: convert to Islam, don't convert and pay a head tax, or fight. Upon hearing these terms, many potential foes sheathed their swords. Within 15 years of the Prophet's death, Muslims had vanquished Persia, whittled down Byzantium and built an empire whose size rivaled imperial Rome's at its height.

The Guardian: Tony Blair - "I'll be president of Europe if you give me the power" - Patrick Wintour

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Tony Blair I'll be president of Europe if you give me the power - Patrick Wintour

Tony Blair has been holding discussions with some of his oldest allies on how he could mount a campaign later this year to become full-time president of the EU council, the prestigious new job characterised as "president of Europe". Blair, currently the Middle East envoy for the US, Russia, EU and the UN, has told friends he has made no final decision, but is increasingly willing to put himself forward for the job if it comes with real powers to intervene in defence and trade affairs.

Euro2day : Sarkozy and Kerviel's French-American dream - by Paul Bets

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Sarkozy and Kerviel's French-American dream - by Paul Bets

This week has been a bonfire of French vanities. The Société Générale scandal has left the credibility of one of France's most respected banks, its highly regarded chairman, Daniel Bouton, a classic product of the business elite, and the French capitalist system as a whole in ashes.

This seems, at least, the prevailing impression outside France. How could a country that has always denounced the brutal excesses of Wall Street capitalism have fallen prey to what it likes to call le capitalisme sauvage? After all, even with its new arch-liberal president, Nicolas Sarkozy, France has always boasted an enlightened, state-led system of economic and social management - the antithesis of free-market, Anglo-Saxon capitalism. Mr Sarkozy, predictably, called this week for Mr Bouton's head, but the SocGen board ignored him and reaffirmed confidence in its chairman. So did the bank's employees. So much for so-called political cronyism at the top of leading French blue-chip companies. Even more interesting is the way the rogue trader - Jérôme Kerviel - is turning into something of a popular hero, or rather anti-hero, as the man who nearly broke one of the country's biggest banks.

National Post: Russia accuses Europe vote watchdog of "sabotage" - by Conner Sweeney

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Russia accuses Europe vote watchdog of "sabotage" - by Conner Sweeney

Russia accused Europe's main election watchdog on Friday of trying to sabotage plans for monitoring its presidential election, the latest round of an increasingly bitter dispute with the West over democracy. Russia's Foreign Ministry said the Organisation for Security and Cooperation in Europe's (OSCE) monitoring body ODIHR was playing political games over next month's election. President Vladimir Putin's chosen successor Dmitry Medvedev, who enjoys blanket coverage on state media and full support from the Kremlin, is expected to win the election by a landslide.

Economist.com: French capitalism - Biting the hand that feeds it

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French capitalism - Biting the hand that feeds it

“THE Che Guevara of finance”; the “James Bond of SocGen”. It did not take long for French pundits to elevate the Société Générale trader to the status of anti-capitalist folk hero. By humiliating a leading bank, as Nouvel Observateur magazine put it, Jérôme Kerviel “has over the course of one weekend become a modern hero”. In many ways, the SocGen drama encapsulates the contradictions of France's attitude to capitalism: on the one hand, there is widespread suspicion of the markets; on the other, world-class financial skills. The French seem peculiarly hostile to the forces of capitalism that have made their economy the world's sixth biggest and their companies global leaders. In a 2006 poll, only 36% agreed that the free market was the best system available, compared with 71% of Americans and 66% of the British. Suspicions about wealth creation have a long history. Honoré de Balzac once wrote: “Behind every great fortune lies a forgotten crime.”

The Times - Sarkozy in Freefall - by Carole Landry

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Sarkozy in Freefall - by Carole Landry

President Nicolas Sarkozy is taking a beating in the polls, his popularity dropping to its lowest level since he took office as the French grow increasingly worried about their pocketbooks. Eight months after he was elected on a promise to usher in sweeping economic reform, Sarkozy’s approval rating has dropped sharply to 41 percent, down eight points in a month, according to a TNS-Sofres poll to be released at the weekend. The fall comes amid a gloomy economic outlook and ahead of municipal elections in March that the opposition Socialists are casting as a referendum on Sarkozy’s presidency. The latest tumble prompted the popular Le Parisien newspaper today to proclaim "Sarkozy in a freefall" and that "the time for disappointment with Sarkozy has come." The TNS-Sofres poll to be published in Le Figaro magazine shows 41 percent of the French still trust the president compared to 55 percent who have lost faith - pushing Sarkozy deep into negative ratings.

TheStar.com - USElection: Civility rules in Clinton, Obama debate - by Tim Harper

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Civility rules in Clinton, Obama debate - by Tim Harper

Hillary Clinton and Barack Obama brought a civil tone to an often-rancorous campaign last night in an almost two-hour showdown that was as high stakes as it was historic. In a debate broadcast from Hollywood, Clinton was challenged on her message of change because her election would continue a two-decade dynasty of Clintons and Bushes in the White House, while Obama said he would be most electable this year because he could change the "mindset" in Washington that led to the invasion of Iraq. The two also debated the differences in their health care plans, immigration, tax cuts and experience in a nationally televised debate just five days before a virtual national primary that could essentially decide this Democratic nomination struggle. Clinton made no apologies for her husband Bill Clinton's eight years in office and drew loud applause when she said: "It did take a Clinton to clean up after the first Bush and I think it might take another one to clean up after the second Bush."

Economist.com: Italy has enough problems already: does it really need Silvio Berlusconi once again?

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Italy has enough problems already: does it really need Silvio Berlusconi once again?

ITALY is notorious for its perpetually changing governments. Between 1981 and 2007, it had 16 prime ministers, including some repeats, compared with Britain's four. Yet lately Italian politics had acquired a patina of stability. Under pressure from voters, its fissiparous parties had coalesced into recognisable blocks of right and left. The centre-right government of Silvio Berlusconi (pictured right) served a full five-year term; when the media tycoon was defeated at the polls by the centre-left in April 2006, the hope was that Romano Prodi (on the left) would also see out his term. It was not to be. The upheaval triggered two weeks ago, when a tiny centrist party quit Mr Prodi's coalition, unseated the prime minister when he lost a vote of confidence in the Senate. After consultations, the Italian president this week has asked Franco Marini, speaker of the Senate, to form a short-term interim government. But Mr Berlusconi, hungry for power, is baying for an election as soon as possible. His commanding lead in the opinion polls suggests he would win, and return to Palazzo Chigi just 20 months after he left it.

Note EU-Digest: The return of Berlusconi would not only bring economic and political disaster to Italy, but also drag the EU into the woes of Italy this divisive man would bring to it again.

LATims: Danes to probe alleged CIA flights

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Danes to probe alleged CIA flights

Denmark will investigate claims that the CIA secretly used an airport on the Nordic country's remote Arctic territory of Greenland to transport prisoners in the Bush administration's war on terrorism, the Danish prime minister said Thursday. Denmark began investigating reports in 2005 that the CIA had quietly touched down on its territory as part of the agency's "extraordinary rendition" program. Human rights groups have criticized the American practice, in which suspects are transported for interrogation to countries outside the United States, some of which allow torture. A documentary broadcast Wednesday by the DR1 TV network reported that flights had touched down in Greenland.

Bloomberg.com: Serbia - Tadic Faces a Close Vote, With Serbia's Pro-EU Course at Stake - by James G. Neuger and Aleksandra Nenadovic

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Serbia - Tadic Faces a Close Vote, With Serbia's Pro-EU Course at Stake - by James G. Neuger and Aleksandra Nenadovic

Serbia's pro-western president, Boris Tadic, is fighting a nationalist challenger in a Feb. 3 election that may determine whether the former Yugoslav republic moves closer to the European Union or retreats into isolationism. Tadic is clinging to a slim lead in polls over Tomislav Nikolic, an opponent of hitching Serbia's fate to the EU. To sway voters, the EU this week dangled the prospect of visa-free travel and eventual membership. ``This is a choice about the future, or rather between the future and the past, or between the future and some slow stagnation,'' said Ivan Vejvoda, a former Serb foreign policy adviser who now heads the Balkan Trust for Democracy in Belgrade.

PR-Inside: Spanish, German leaders consult on climate, economy

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Spanish, German leaders consult on climate, economy

The leaders of Spain and Germany held talks Thursday on ways to join forces to fight climate change at a meeting also marked by worries over global economic turbulence and the future of Kosovo. Prime Minister Jose Luis Rodriguez Zapatero said after meeting German Chancellor Angela Merkel that the two countries were «committed and determined» to fight climate change. The two countries, he noted, occupy «leading global positions in renewable energies. Zapatero said he and Merkel agreed to launch projects jointly in Africa aimed at combating change and boosting renewable energy. He did not elaborate. Merkel said she «has the impression that the Spanish government takes this problem very, very seriously.» But she noted, as well, that Spanish officials concede their country still has work to do under the Kyoto protocol against climate change. Merkel said Kosovo is an issue she hopes «to discuss, to solve, in such a way that the greatest possible degree of European unity emerges.

USAToday: Microsoft to bid $44.6B for Yahoo

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Microsoft to bid $44.6B for Yahoo

Microsoft Corp. is offering $44.6 billion in cash and stock for search engine operator Yahoo Inc. in a move to boost its competitive edge in the online services market. The unexpected announcement Friday comes as Microsoft, the world's biggest software company, seeks new ways to compete more efrfectively against the search and online advertising powerhouse Google Inc. In a letter to Yahoo's board of directors, Microsoft Chief Executive Steve Ballmer said the company will bid $31 per share, representing a 62% premium to Yahoo's closing stock price Thursday, and emphasized that the deal isn't subject to financing.