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5/12/09

National Post: Counterpoint: Wind power works - by Sigurd Lauge Pedersen

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Counterpoint: Wind power works - by Sigurd Lauge Pedersen

Commenting on an earlier report in the National Post "the Myth of Danish windpower" Mr. Sigurd Lauge of the Danish Energy Agency responds: "Mr. Trebilcock claims that “Denmark … has yet to close a single fossil-fuel plant.” There is no citation for this claim, which is wise, in a sense, for the claim is wrong. Denmark has closed several coal and oil fired plants in the last 10 years. Mr. Trebilcock claims that wind power “requires 50% more coal generated electricity to cover wind power’s unpredictability.” Wrong again. One megawatt of wind power does not increase conventional power requirements — it saves 0.2-0.4 megawatts of conventional capacity. The high figure is for offshore wind power, the low figure for onshore wind power.Mr. Trebilcock claims that Denmark’s electricity generation costs are the highest in Europe without citation. Again he is wrong. The 2008 electricity price in Denmark to medium-sized industries is 7.85 eurocents/kWh, which is below the European average of 9 eurocents/kWh. Mr. Trebilcock may confuse electricity prices with electricity taxes. Danish taxes are high, yes, but this has nothing to do with wind power.

Denmark gets around 20% of its electricity from wind power. Is this a challenge? Absolutely. But it can be done."

The Netherlands: Geert Wilders, a product of collective political misperception in the Netherlands throws shadow on Dutch concept of tolerance

Geert Wilders - Dutch PM?


EU-Digest

The Netherlands: Geert Wilders, a product of collective political misperception in the Netherlands throws shadow on the Dutch concept of tolerance

Recently we read the ten commandments of Mr. Geert Wilders political party PVV, presently leading in Dutch political polls.

"1. Stop cultural relativism. We need an article in our constitutions that lays down that we have a Jewish-Christian and humanism culture. 2. Stop pretending that Islam is a religion. Islam is a totalitarian ideology. In other words, the right to religious freedom should not apply to Islam. 3. Stop mass immigration by people from Muslim countries. We have to end Al-Hijra. 4. Encourage voluntary repatriation. 5. Expel criminal foreigners and criminals with dual nationality, after denationalization, and send them back to their Arab countries. Likewise, expel all those who incite to a ‘violent jihad’. 6. We need an European First Amendment to strengthen free speech. 7. Have every member of a non-Western minority sign a legally binding contract of assimilation. 8. We need a binding pledge of allegiance in all Western countries. 9. Stop the building of new mosques. As long as no churches or synagogues are allowed to be build in countries like Saudi-Arabia we will not allow one more new mosque in our western countries. Close all mosques where incitement to violence is taking place. Close all Islamic schools, for they are fascist institutions and young children should not be educated an ideology of hate and violence. 10. Get rid of the current weak leaders. We have the privilege of living in a democracy. Let’s use that privilege and exchange cowards for heroes. We need more Churchills and less Chamberlains."

Amazing stuff, if we think that this is being proclaimed in 2009 not only by a European politician, but one born in the Netherlands, considered by many in the world as one of the most tolerant and democratic nations on earth. Three of his objectives - 6, 7, 8, also advocated by politicians from other parties, are probably acceptable, but Mr Wilders' desire to eliminate Islam from the shores of Europe and " voluntarily" repatriate Europeans who belong to the Muslim faith, bring to memory some of the saddest moments in European history. When one closely listens to Geert Wilders speaking in public, many of his arguments resemble those published before and during the second world war in Nazi Germany by a weekly tabloid called "Der Stürmer". This publication was a significant part of the Nazi propaganda machinery and was extremely anti-Semitic. Der Stürmer often ran obscene materials and propaganda-like accusations in order to appeal to a larger public of readers, especially those among the lower class. The only difference being that the Nazi's focused on the Jews and Wilders on the Muslims.

If there was an election today some opinion polls put Wilders' PVV as the biggest party in the Netherlands. According to the latest Dutch Maurice de Hond polling bureau figures, the PVV would take 32 seats out of the available 150. The party currently has nine seats in parliament. Labor leader and Government coalition member Wouter Bos (PVDA) on Monday told an audience of students at the Amsterdam's Vrije ( Free) University that his party ruled out any possibility of the PvdA being part of a coalition government with Geert Wilders' anti-Islam PVV. Bos's comments now means that all the left of center parties in the Dutch parliament are united in their unwillingness to form a coalition with Wilders after the next election. The Christian Democrats (CDA), also a member of the Dutch coalition government and the opposition conservative VVD so far have not ruled out an alliance with Wilders. Fortunately "a lot of water will still have to flow under the bridge" before the next scheduled Dutch general elections in May 2011. Right now, however, Geert Wilders, considered by his political opponents as a populist bigot is leading the pack of Dutch politicians. Whatever happens in the 2011 general elections, or maybe even earlier, this trend favoring Geert Wilders also shows that the majority of Dutch citizens really are not as tolerant as some people say they are. The positive side of this controversial debate is that it shows that democracy, freedom of speech and religion are a common right of every EU citizen. No one needs to fear persecution by speaking out on, or expressing an opinion about any issue. That applies to everyone, including Mr. Wilders.

5/11/09

Variety: Eurovision unites and divides Europe - by Nick Holsworth

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Eurovision unites and divides Europe - by Nick Holsworth

Eurovision is to Europeans what the Super Bowl is to Americans, and seething resentment is never far from the surface. The event has been characterized by barely concealed nationalism, rampant sexism -- in the 1960s and ‘70s, it was common for female performers to try to outdo each other in the teeny frock department -- and accusations that the event boils down more to politics than music. Russian authorities are preparing for the prospect of a terrorist attack, hotel and apartment rental prices are rocketing in Moscow, and the city’s mass transit system is extending its hours. There’s even a gay pride parade planned to take advantage of the media attention.Yes, it’s Eurovision Song Contest time in Moscow. And with the May 12 and 14 semifinals and the May 16 finale going out live in primetime on 42 channels across Europe, the show will be seen by at least 100 million viewers. The competition, whose most famous winners are Abba and Celine Dion, was conceived 50 years ago as a way to bring all of Europe together via TV. But as the golden-anniversary edition of the event peaks this week, there’s a major divide in how the event is embraced by the participating nations.

The big guns of local politics and entertainment are on the organizing committee, including Deputy Prime Minister Alexander Zhukov, Moscow Mayor Yury Luzhkov and Konstantin Ernst, head of state-backed First Channel, the broadcaster that is hosting the contest. Prime Minister Vladimir Putin met composer and theatrical impresario Andrew Lloyd Webber, head of the British Eurovision delegation, in Moscow. Lloyd Webber so charmed him that Putin joked that he would vote for Britain’s Jade Ewen, who has a guaranteed place in the finals with a typically modestly titled song, “It’s My Time.”

NPR: Euro Vision Song Contest: Arab Singer Joins Israeli In Song Contest

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Euro Vision Song Contest: Arab Singer Joins Israeli In Song Contest

For 53 years, musicians have vied to win the Eurovision song contest, granted to the best performing act around Europe. Mira Awad, an Arab-Israeli singer, is representing Israel with Noa, a Jewish-Israeli artist. Award tells guest host Guy Raz that their song, "There Must Be Another Way," is not a song of peace, but a simple call to respect the humanity of others.

GW Hatchet Blogs: European Union embassies open doors to the public - by Gabrielle Bluestone

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European Union embassies open doors to the public - by Gabrielle Bluestone

Nearly 30 European Union and European Commission Delegation embassies in the US are hosting an open house today in honor of Europe Day. The event will kick off an annual week of events, Europe Week, celebrating EU milestones and the EU’s transatlantic relationship with the United States. The open house will last until 4 p.m. today, and visitors will have the opportunity to experience cuisine, music, informational exhibitions and fun events based on each country’s culture. The annual event drew more than 50,000 visitors last year.

The embassies of Austria, Belgium, Republic of Bulgaria, Republic of Cyprus, Czech Republic, Denmark, European Commission Delegation, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Grand-Duchy of Luxembourg, Malta, Royal Netherlands, Poland, Portugal, Romania, Slovak Republic, Slovenia, Spain, Sweden and the United Kingdom are all participating.

Other events this week will occur across the country, including European flag-colored lights on the Empire State Building in New York City, and visits from EU diplomats to high schools, colleges and universities. In D.C., the participating embassies will sponsor culturally significant events.

SouthCoast Today: Offshore wind farms closer to becoming a reality - by Christian Hernandez

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USA - Offshore wind farms closer to becoming a reality - by Christian Hernandez

Change is blowing in the wind and hundreds of thousands of people living on the coast of Massachusetts soon transform the way they power their homes and businesses. Offshore wind farms are no longer just breezy talk in the US. Developers and experts agree that offshore wind facilities will become a reality in the next five years as two major projects move toward fruition. One of them, Cape Wind, could begin spreading 130 turbines across Nantucket Sound as early as next year, making it the first offshore wind farm in the United States. Eventually, the project could provide a maximum of 420 megawatts of energy at peak output. Meanwhile, energy developer Patriot Renewables has been working since 2006 on its South Coast Wind Project that would install 90 to 120 turbines in Buzzards Bay and provide 300 megawatts of energy

Spiegel Online: Germany - Light at the End of the Tunnel?: Rising German Exports Hint at Recovery

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Germany - Light at the End of the Tunnel?: Rising German Exports Hint at Recovery

German exports saw a surprise upswing in March, fuelling speculation that the deep recession may be bottoming out. But experts urge caution, saying it's too soon to give the all clear to Europe's largest economy. German exports recorded an unexpected improvement for the first time in half a year in March, official data showed on Friday, sending a faint signal of hope for an economy mired in its deepest recession since World War II. Preliminary figures showed that exports, adjusted for working days and seasonal changes, rose by 0.7 percent to €66.4 billion ($88.46 billion), according to the Federal Statistics Office. Imports also posted their first monthly increase since September, climbing by 0.8 percent to €57.6 billion. Both sets of data were much more positive than experts' forecasts. But showing the pressure that many German manufacturers are under, the German DPA news agency reported on Friday that German auto parts company Schaeffler Group was planning a massive round of job cuts, including an estimated 5,000 losses in Germany. The company declined to comment on the report.

Businessand leadership.com: ECB: Trichet: turning point for global economy

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ECB: Trichet: turning point for global economy

The President of the European Central Bank (ECB), Jean-Claude Trichet, has said there are now signs that the global economy has reached a turning point, with indicators released by the Organization for Economic Cooperation and Development (OECD) today showing that a number of the world’s economies are showing signs of slight improvement. “We are, as far as growth is concerned, around the inflection point in the cycle,” Trichet said at the bi-monthly meeting of global central bankers at the Bank for International Settlements in Basel, Switzerland

NationalPost: US Economy - Quick fix today, crisis tomorrow in Obama's White House - by David Frum

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US Economy - Quick fix today, crisis tomorrow in Obama's White House - by David Frum

The powers that the Obama administration claimed in order to arrest the financial crisis and mitigate the recession are being used and abused in ways that are underming the legal and financial stability of the United States. Investors: You are warned.In barely four months, Barack Obama has nudged the United States toward a future in which government will be bigger and more assertive -- where taxes will be higher and government unions more powerful -- where legal rights are less secure and contracts more uncertain.

Note EU-Digest: Depending if you are from the Left or the Right these policies might sound either good or bad. Fact is that the political climate in the US has certainly swung away from the Right to the Left and can swing back just as easily if the Obama policies don't work out.

Screen Daily: Cinema - Star Trek rules international roost with $35.5m overseas launch - by Jeremy Kay

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Cinema: Star Trek rules international roost with $35.5m overseas launch - by Jeremy Kay

Star Trek, J J Abrams’ franchise reboot from Paramount/Spyglass Entertainment, coaxed a sturdy $35.5m from more than 5,000 sites across 54 territories in its maiden voyage according to PPI estimates, ranking number one in 23 markets. In Europe weekend results were led predictably enough by the UK where Star Trek grossed $8.8m (£6m) from 501 venues. Excluding of £800,000 in previews this came in roughly 6% ahead of the £4.8m debut of Wolverine last weekend. Germany delivered $4.6m (€3.4m) including €430,000 in previews from 693 sites, roughly 17% ahead of the €3m for Wolverine, while Australia produced $3.4m (A$4.5m) from 210 venues. Star Trek grossed $2.8m (€2.1m) from 492 sites in France, $2.3m (Roubles 74m) from 450 locations in Russia.

5/10/09

Church Times - Don’t flee Kirkuk, Iraqi Christians are urged - by Gerald Butt

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Don’t flee Kirkuk, Iraqi Christians are urged - by Gerald Butt

Christian families living in the northern Iraqi city of Kirkuk have been urged to remain there, despite the murder of three members of the minority community last week. Security sources said that gunmen broke into a home in a southern district of the city and shot dead two Christian women. In a separate attack in the same area, one man was killed and two were wounded in a shooting in their home. Last autumn, in a spate of attacks on Christians living in the northern city of Mosul, 15 Christians were killed. Their deaths prompted dozens of families to leave the city. Only when police and army reinforce­ments were deployed did the exodus gradually stop. The Governor of Kirkuk, Abdul Rahman Mustafa, said that security in the city was being reinforced to deter the intimidation of Christians. “We will not stand with our hands behind our backs. We will pursue the wicked people who are trying to stir sectarian strife in Kirkuk. I’m asking Christian families not to fall for this ploy.”

PCWorld: Sony Ericsson Cuts Swedish Staff by 400 - by Mikael Ricknäs

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Sony Ericsson Cuts Swedish Staff by 400 - by Mikael Ricknäs

Mobile phone manufacturer Sony Ericsson will reduce its workforce by about 400 people in Lund, Sweden, cutting 160 employees and 250 consultants, the company announced on Friday. The site in Lund had a workforce of about 4,000, including 1,000 consultants, before the cuts, according to a spokesman. One hundred consultants were already shown the door in April, a statement said. The cutbacks are part of a plan to lower its global workforce by approximately 2,000 people -- out of a total 10,000 -- by the middle of next year. The plan was announced on April 17, when the company announced its results for the first quarter of 2009.

BBC NEWS : EU unemployment now stands at 8.1%

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EU unemployment now stands at 8.1%

In March an estimated 419,000 people lost their jobs across the 16 countries in the eurozone. The Eurostat data agency says levels of unemployment now stand at 8.9% of the population who are eligible for work, up from 8.7% in February. EU officials estimate 3.5 million jobs will be lost across the whole of the EU this year.

Washington Post: - Actual U.S. Unemployment: 15.8%

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The news that U.S. unemployment has hit 13.7 million, pushing the rate to 8.9 percent, tells only half the story of this recession. The total number of Americans who are not working full-time but ought to be is actually about 22 million, or 15.8 percent, according to the Bureau of Labor Statistics. Who are those other 8.3 million Americans? Call them the unofficially unemployed. Each time the Bureau releases the monthly unemployment figure, it does not include many out-of-work Americans. "In the case of the monthly jobs report, the Labor Department contacts 60,000 households to determine the unemployment picture for the entire workforce, which consists of about 154 million Americans." The problem with this methodology is that it does not include millions of Americans who are not working full-time who ought to be. Those, in the bureau's words, who are "marginally attached to the labor force."

Those numbered an additional 2.1 million Americans in the first quarter of this year, the bureau said. Alarmingly, that number was up 35 percent from the first quarter of 2008.

5/9/09

www.washingtonexaminer.com: Dollar could collapse - Bernanke may need Rosy Scenario's help to stem inflation - by Irwin M.Stelzer


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Dollar could collapse - Bernanke may need Rosy Scenario's help to stem inflation - by Irwin M.Stelzer

Now, just as the economy might be picking up, all of that cash has driven the inflation rate to almost 3%, “a sure sign of inflation … Enormous budget deficits, rapid growth in the money supply and the prospect of a sustained currency devaluation … are harbingers of inflation”,” according to Allan Meltzer, an economics professor at Carnegie Mellon University.And not just your garden-variety inflation, observers fear. Andy Xie, former chief economist at Morgan Stanley, writing in the Financial Times, expects inflation so severe that, along with some changes in China’s policies, it could produce a “collapse” of the dollar. Bernanke now has to decide whether the green shoots foretell a sustained recovery, and whether his policies and President Obama’s trillion-dollar deficits therefore threaten to trigger inflation. If the answers are “yes,” he then has to begin withdrawing cash from the system. That will displease his political masters, who do not want anything to interfere with a recovery on the eve of next year’s congressional elections.

BCLocalNews.com - Mother’s Day has a long history

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Mother’s Day has a long history

The earliest Mother’s Day celebrations can be traced to the spring celebrations of ancient Greece in honor of Rhea, the Mother of the Gods. During the 1600s, England celebrated a day called “Mothering Sunday,” on the fourth Sunday of Lent (the 40-day period leading up to Easter).As Christianity spread throughout Europe, the celebration changed to honor the “Mother Church” — the spiritual power that gave them life and protected them from harm. Over time, the church festival blended with the Mothering Sunday celebration. People began honoring their mothers as well as the church. In the United States, Mother’s Day was first suggested in 1872 by Julia Ward Howe (who wrote the words to the Battle Hymn of the Republic) as a day dedicated to peace. Howe organized Mother’s Day meetings in Boston every year. While many countries celebrate their own Mother’s Days at different times throughout the year, some countries, like Denmark, Finland, Italy, Turkey, Australia and Belgium, also celebrate Mother’s Day on the second Sunday of May.

Note EU-Digest: Wishing all mothers a happy mothers day !

Turkey: Can the EU believe Prime Minister Recep Tayyip Erdoğan when he says he supports Turkish secularism

the Erdoğans and the Browns in London


EU-Digest (editorial)

Turkey: Can the EU believe Prime Minister Recep Tayyip Erdoğan when he says he supports Turkish secularism ? -

Erdoğan, speaking at Oxford Center for Islamic Studies earlier this year said :"I reject attempts to call Turkey the representative of moderate Islam. It is unacceptable for us, because we can't agree with such a definition. Turkey has never been a country to represent such a concept. Moreover, Islam cannot be classified as moderate or not". Erdoğan in his talk also stressed the lack of dialogue between different religions and cultures, which has led to what he calls distressing incidents in world history. But does Mr.Erdoğan actually mean what he says?

Last year Turkey’s top court voted unanimously to hear a case to bar Prime Minister Recep Tayyip Erdoğan from public life and shut down his party for mixing Islam with politics, threatening to rekindle political turmoil. Charges brought by chief prosecutor Abdurrahman Yalcinkaya to ban the ruling Justice and Development Party were allowed and the trial could proceed. Mr.Erdoğan's AKP party, rooted in an Islamic movement outlawed by the Constitutional Court a decade ago, was accused of trying to introduce Islamic law in the secular Turkish Republic created by Mustafa Kemal Atatürk. Erdoğan denied the charges, which would have put him and President Abdullah Gul and about 70 other party officials barred from politics for five years. On July 30, 2008, after deliberating for three days, the court gave its verdict. AKP (Justice and Development Party) was found guilty of becoming the focus of anti-secularist actions. But since it needed a qualified majority of seven out of eleven votes for the court to disband the party, and only six members of the Court voted in favor of the motion, it failed. The Court did however determine the party had undertaken actions that were anti-secular and halved its political funding from the Central Bank as a penalty.

For those not familiar with radical intellectual Islamists’ methods on taking political control of a country, the procedure is based on imposing its imprint at first socially and then applying it through legislation! This is exactly what the AKP party seems to be trying to do in Turkey today. However, in reality Mr.Erdoğan is in charge of a "weak" Islamist government, supported by a minority of about 33% of the Turkish voters. AKP only became a parliamentary majority because of the confusing Turkish electoral laws and the multi-division of the political system. Erdoğan is also opposed by many in academic, intellectual and judicial circles. However, because he continues to have a solid grip over most of the uneducated Turkish masses, who are gullible to the rhetoric of populists and religious opportunists, the AKP party still has a lot of political manouvrability. Also, given Erdoğan's strong machavellian skills he is cleverly able to play out the different forces within Turkey against each other. Mr. Erdoğan did not acquire these skills overnight. He acquired them early on. Born in 1954, he is the son of a coastguard in the city of Rize on Turkey's Black Sea coast. He was 13 when his father decided to move to Istanbul, hoping to give his family which included five children a better life. As a teenager, Erdoğan sold lemonade and sesame buns on the streets of Istanbul's rougher districts to earn extra cash. This provided him with the entrepreneurial and business skills he excels in today. As to his conservative religious beliefs, his indoctrination came when he attended an Islamic school before obtaining a degree in management from Istanbul's Marmara University. He also played professional soccer and was quite good at it.

While attending university, he met Necmettin Erbakan - who went on to become the country's first Islamist Prime Minister - and through him he entered Turkey's Islamist political movement. His political career in the Welfare Party, as the Islamists' party was then known until it was banned in 1998, moved very quickly. In 1994, Mr. Erdoğan became the mayor of Istanbul. In this job even his critics admit that he did good work, making Istanbul cleaner and greener - although his decision to ban alcohol in city cafes did not please most of the citizens. He also won admiration from many who felt that he was not corrupt - unlike most other Turkish politicians. His pro-Islamist sympathies earned him a conviction in 1998 for inciting religious hatred. He publicly read an Islamic poem which included the following lines: "The mosques are our barracks, the domes our helmets, the minarets our bayonets and the faithful our soldiers..." For this he was sentenced to 10 months in jail, but was freed after four. However, because of his criminal record, he was barred from standing in elections or holding political office. In the meantime disputes between the reformists and the traditionalists in the Virtue Party caused the formation of the Justice and Development Party on August 14, 2001. It was formed by several members who resigned from the Virtue Party, including Recep Tayyip Erdoğan, Abdullah Gul, and Bulent Arinc. The AKP of Erdoğan quickly flourished into a major political party.

Opponents say AKP in reality is the reincarnation of the banned Welfare party. They might not be wrong, because the most important growth factor for the AKP in Turkey like with the Virtue Party so far has been its Islamic agenda, and its support by the Gullen's (religious) movement.

When asked, Recep Tayyip Erdoğan is ambiguous about the true political direction of his party and says, "AK Party is not a political party with a religious agenda". The majority of Turks do not believe that. As to the EU and the US, they evaluate Recep Tayyip Erdoğan and Turkey exactly on what Erdoğan himself rejected at his Oxford's Center for Islamic studies talk - "a moderate Islamic state". Most people we spoke to in and from Turkey say that if it is really the intention of Mr.Erdoğan and his AKP to turn his country into a religious Muslim state he certainly will not have an easy road ahead.

In reality Turks are not devoutly religious. The majority of today’s Muslims in Turkey do not give much thought to being Muslim or the "Hereafter", even though, like people from other religious backgrounds, they might participate in some of the rituals, but mainly enjoy the festivities and food that come with these religious events. Turks certainly are not socially conservative; they love to eat, drink, dance, practice premarital and extramarital sex, even the ladies with the head scarfs indulge, many also enjoy nudism and other kinds of extravagant and exotic experiences in life. Among all those "decadent" hurdles facing Mr. Erdoğan and his AKP, there is one which has not even been mentioned, but nevertheless always present in the background: the Turkish military.

MailOnline: Italy - Berclusconi is NOT my father, insists the teenage girl at the centre of his divorce spat

Noemi Letizia who calls Berlusconi "Papi"


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Italy - Berlusconi is NOT my father, insists the teenage girl at the centre of his divorce spat

A teenage girl has denied being the illegitimate child of Italian Prime Minster Silvio Berlusconi. Noemi Letizia, 18, has been accused of sparking the divorce of the 73-year-old Premier from wife Veronica Lario which has exploded into a very public row. Miss Lario announced the split by declaring: 'I cannot be with a man who spends time with under-age women.' She accused her husband of 'consorting with minors' after he went to Noemi's 18th birthday party and allegedly gave her a gold and diamond necklace.

But despite calling Berlusconi 'Papi', the teenager is adamant he is not her father. Miss Lario announced just over a week ago that she was divorcing her husband Silvio Burlusconi because she was 'fed up seeing him with minors'. Mr. Berlusconi was left facing further claims of sleazy behavior after a video emerged of him asking to 'fondle' a woman during a visit to the earthquake-hit region of Italy. Miss Lario is likely to secure a good piece of the leader's $9billion fortune for their three children in any divorce settlement.

Businessweek: Downturn May Spur EU Budget Reform - "and provide a more critical look at Eastern Europe's member States" - by Balint Szanko

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Downturn May Spur EU Budget Reform - "and provide a more critical look at Eastern Europe's member States" - by Balint Szanko

So tangled can European Union politics be that even some of the more federally minded chancelleries of Europe are surely thinking this as they survey the destruction the recession is wreaking on the Continent's political economy. In these thoroughly dramatic times few remember the hysteria surrounding the negotiations for the EU's 2007-2013 budget. Always difficult, these were so tortuous that some commentators were predicting the union would sink into irrelevance or might even split if no agreement were found. Agreement was duly negotiated with the proviso, demanded mainly by the United Kingdom, Sweden, and the Netherlands—the hard core of a band of fiscal conservatives in the European Council—that the entire system be reviewed in 2008-2009.

In mortal fear of Ireland that is holding the entire EU and its constitutional development hostage, Brussels is skirting the matter. The European Commission was due to make its proposal for the review of the EU's financing early this year. Wary of upsetting people before the ratification of the Lisbon Treaty is finally concluded, the review was delayed until at least the end of this year. The point of all this is that the delay is a godsend for those countries, like most Central and Eastern European members, who make a lot of money out of the EU budget. The deterioration of public finances driven by the economic crisis is so severe in Europe, not least in those states that finance the EU, that the community budget might be in for a drastic overhaul. The later this comes the better, they might be thinking, because in a couple of years the economy will pick up and there might be more money again to blow on things like the common agricultural policy. Last time around the easterners were mostly for conserving the regional development and agriculture support payments. Understandably, they wanted to milk the EU. Next time it may be a bit different. Successful little economies like Slovakia and the Czech Republic may become net payers into the budget, causing them to look at things through different eyes. Slovenia is already there, and the Slovenes now also have a strong stake in the stability of the euro. Slower movers, like Poland and Hungary, are going to have to be clever. Almost certainly, there is going to be less money. The huge redistributionist programs might be trimmed, perhaps seriously. Only a fool would suggest that these countries should give them up – there is too much money in them. But they will have to make a clear choice if they want to preserve some of their benefits. Stubbornly protecting the money pot will not work. And for those who believe in revamping what is a hugely inefficient and not very clever EU budget, that may be no bad thing, anyway. Setting real priorities for regional development spending, half of which is still geared toward the rich western members, might be a good place to start.

BBC NEWS: Deal to boost key EU gas project - by Oana Lungescu

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Deal to boost key EU gas project - by Oana Lungescu

The EU has signed an energy agreement with several countries aimed at developing a "southern corridor" for gas supplies bypassing Russia. The agreement was signed by the leaders of Azerbaijan, Georgia, Turkey and Egypt at a summit in Prague. It commits them to speeding up the construction of a long-delayed pipeline to bring Caspian gas to Central Europe. Key to this meeting was a commitment by Turkey's President Abdullah Gul to sign up to an agreement on the construction of the Nabucco gas pipeline by next month. In a symbolic gesture, the agreement is to be signed in Turkey, after years of haggling over transit rules.

5/8/09

Theage.com.au: Forget Wall Street, beware the crash on Main Street

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Forget Wall Street, beware the crash on Main Street

Institutional Risk Analytics overnight released stress tests of almost all US banking institutions indicating that 1575 of about 8000 are troubled. Meanwhile, The Wall Street Journal has reported that Morgan Stanley, Wells Fargo and GMAC have joined Bank of America and Citigroup in the underfunded bank category. The analytics report is alarming as it reveals that a huge number of banks scored an F, indicating they are severely stressed and threatening Main Street, while the US Administration and the media have concentrated on the big 19 banks crucial to Wall Street.So with more than 1500 smaller and regional US banks slowly starving on dwindling lending income, the implications for Main Street are apparent. As the risk analytics group noted, banks do not or cannot lend as they are unsure of the viability of other companies and financial institutions. While it is vital to ascertain the viability of the big banks so money starts moving through the international credit markets, the same is true for smaller banks that fuel the real economy.

Note EU-Digest: The era of "Zombie Banks" has arrived bringing back a revitalized "Wall Street Casino". The result: a "Main Street" which remains in intensive care with life support systems shutting down.

Time Magazine: US Banking system - What the Stress Tests Didn't Tell Us - by Christian Menegatti

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US Banking system - What the Stress Tests Didn't Tell Us - by Christian Menegatti

U.S. authorities have just released the results of the stress tests that they ran on the top 19 U.S. banks. This group holds about two-thirds of the total assets in the U.S. banking system. The health of those balance sheets has profound implications for the severity and length of this global synchronized recession.Don't be comforted by the results. That's because two different scenarios are used to stress test the balance sheets of financial institutions: baseline and adverse scenario. The baseline was designed to represent the consensus at the time in which the plan was presented. Unfortunately, current macroeconomic conditions are already worse than the adverse scenario (which is closer to the new consensus) for all the three variables of the test —unemployment, real GDP and home prices.

LA Times: Chelsea sees its dreams dashed by FC Barcelona - by Graham L.Jones

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Chelsea sees its dreams dashed by FC Barcelona - by Graham L.Jones

There was anguish and outrage in London. In Barcelona, there was nothing but bedlam. What else to expect after FC Barcelona had plunged a Spanish dagger into Chelsea soccer hearts Wednesday night, scoring a goal 2:12 into stoppage time to earn a 1-1 tie in a nail-biting European Champions League semifinal at Chelsea's Stamford Bridge stadium?The vital away goal, which under competition rules counts double in the event of a tie, was enough to propel Barcelona into the May 27 Champions League final against Manchester United in Rome. Chelsea had held Europe's highest-scoring team to a 0-0 tie in the first leg in Spain last week. The Blues then held Barcelona at bay for another 90 minutes Wednesday night. They were only 108 seconds away from what would have been a deserved 1-0 victory in the return match. Chelsea, having lost last season's final to Manchester United on penalty kicks in Moscow, was that close to having a chance to avenge that bitter defeat.

With the seconds ticking away and Barcelona desperately seeking a goal that had shown no sign of arriving, Chelsea's players scrambled to clear their lines. Messi, who had done nothing of note in the game to that point, found himself with the ball at his feet just to the left of Chelsea's penalty area. He knew exactly what to do. The Argentine forward slipped a square pass to the unmarked Iniesta and the Spanish international fired a swerving shot into the upper right corner of goalkeeper Petr Cech's net. It was Barcelona's only shot on target all night.Manchester United, the defending champion, defeated Barcelona in last season's semifinals and will be favored to win in Rome.

Seattle Times: Soccer: Manchester United reaches Champions League final

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Soccer: Manchester United reaches Champions League final

Back in the UEFA Champions League final for the second consecutive year, Manchester United wants to add to titles it won in 1968, 1999 and last year. "I've said it many times, we should have won this cup more times than we have," Manchester United manager Alex Ferguson said after the defending champion defeated Arsenal 3-1 in an all-English semifinal Tuesday in London. "We've got the hunger and the quality." Cristiano Ronaldo scored two goals and set up another. Park Ji-sung also scored for Manchester United, which won the home-and-home, total-goals series on 4-1 aggregate and will play in the May 27 final in Rome against Chelsea of England or Barcelona of Spain.

CSM: A victory for cheese eaters? US-EU trade spat defused - by James Hagengruber


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A victory for cheese eaters? US-EU trade spat defused - by James Hagengruber

A trade war that pitted hormone-treated beef from the United States against gourmet food items from the European Union (EU) appears to have been averted. In the US, this means wedges of Roquefort cheese won't be tripling in price. Proposed punitive duties against 34 other "luxury" food products from the EU – from Irish oatmeal to Italian mineral water – also will not take effect. In Europe, the tentative trade dispute settlement means consumers won't have to worry about hormones lurking in the beefsteaks and burgers that come from the US. The US dropped the tariff increases after the EU agreed to quadruple the allowed quotas of duty-free beef from the US. The beef, however, must be free from hormone treatments.

Telegraph.co.uk: EU tones down commitment to Eastern Europe - by Bruno Waterfield

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EU tones down commitment to Eastern Europe - by Bruno Waterfield

Internal divisions within Europe worked to Russia's advantage ahead of the EU "Eastern Partnership" summit with Ukraine, Belarus, Moldova, Armenia, Azerbaijan and Georgia. Political fears in key European governments, led by Berlin, has undermined the initiative to forge a new pact with former Soviet states and to counter a newly assertive Russia.

During talks in Brussels on Wednesday night, Germany and Holland forced changes to the Eastern Partnership summit communiqué because they feared fueling domestic popular opposition against future EU enlargement. The term "European countries", to refer to the six former Soviet countries, was dropped from draft texts to avoid any hint that it would imply future EU membership and migration rights, an issue which is controversial in many European countries. Instead the six are described as "Eastern European Partners" and "partner countries", a development that will deeply disappoint Ukraine and strengthen Russia's attempts to build a "sphere of influence" in the region. EU ambassadors have also watered down commitments to "visa liberalization", allowing people from the region greater work and business access to European countries.

Note EU-Digest: The watering down of the "enthusiasm" for the six former Soviet countries to become closely aligned with the EU by Germany and the Netherlands is appropriate, given the political instability of these countries, the experience acquired with some of the other former Soviet countries following their accession into the EU and the strong ties of the EU with Russia in many areas.

5/7/09

Daily Herald/E: Flower Industry: Cut Flower sales down - Local florists find more competition for fewer consumers - by Kim Mikus

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Flower Industry: Cut Flower sales down - Local florists find more competition for fewer consumers - by Kim Mikus

A slow economy and competition from big floral brands have forced many area florists to cut back on their fresh-cut flower orders leading up to Mother's Day. The florists don't want to be left with extras that they may not be able to sell next week. "Times are tough. I've scaled back my orders to the wholesaler by 40 percent over last year. We have to be slim and trim. It's a bad economy," said Christy Dugo-Rudie, owner of Joseph's floral and gift shop in Libertyville.

Flowers in the US account for about $2 billion in sales in the two-week window leading up to Mother's Day. This is twice as much as for Valentine's Day, which also saw drooping flower sales. Florist Don Robbins has trimmed his flower orders for Sunday by nearly 20 percent." I think sales are going to be down," said Robbins, the owner of Robbins Flowers in St. Charles and Batavia.

NRF 2009 Mother's Day Consumer Intentions and Actions Survey shows the following Year Spending decline (in $ billions) : 2007 $2.3 - 2008 $2.0 - estimated 2009* $1.9

M@C: Aircraft Industry - Airbus registers 11 net orders in first four months of year


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Aircraft Industry - Airbus registers 11 net orders in first four months of year

Airbus the EADS subsidiary said that between January 1 and April 30 it had written 30 orders and recorded 19 cancellations. Most of the cancellations, 14 in all, concerned the company's mid- range A320 family, which seats between 100 and 200 passengers. However, Airbus was well on track to meet its goal for 2009 in deliveries, with 162 deliveries registered between the beginning of the year and the end of April. This year Airbus is looking to match its record total of 483 deliveries from 2008. On Wednesday, the company announced it was curtailing deliveries of its A380 super-jumbo airliner from the planned 18 to 14, because some of its customers are unable to pay for the plane due to the effects of the economic crisis on air travel.

AP: Aircraft Industry - Boeing jetliner orders tumble in April - by Joshua Freed

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Aircraft Industry - Boeing jetliner orders tumble in April - by Joshua Freed

Boeing, the world's No. 2 plane maker after France-based Airbus, has grappled with weaker demand in recent months as the recession has forced airlines to cancel or postpone plans to buy new planes. Limited access to credit also has made it more difficult for potential customers to finance new aircraft purchases. Customers have canceled orders for 59 planes this year, all but two of them for the company's hot-selling but long-delayed 787, a next-generation aircraft built for fuel efficiency with lightweight carbon composite parts. That's left Boeing with a negative balance of one order for 2009. In April, the Chicago-based aerospace company received orders for 17 jetliners, down from 58 during the same month last year, according to figures posted on the company's Web site.

WSJ: U.S., Europe Are an Ocean Apart on Human Toll of Joblessness - by Markus Walker

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U.S., Europe Are an Ocean Apart on Human Toll of Joblessness - by Markus Walker

In Germany, losing his factory job didn't stop Alfred Butt from taking a Mediterranean vacation this winter. Thanks to generous jobless benefits, being out of work "hasn't changed my life that much," Mr. Butt says. In the U.S., Dylan DeRoberts lost similar work -- but there's no seaside getaway for him. Instead, he's giving up life's little pleasures, like riding his snowmobile, because he lost his insurance, too. "I've learned to live at a new level," Mr. DeRoberts says. Unemployment is taking a very different human toll on opposite sides of the Atlantic, which helps explain why Europe and the U.S. can't agree on how to attack the global recession. The U.S. is spending hundreds of billions of dollars -- including increased assistance to the unemployed -- to prop up the economy, and wants Europe to follow suit. But most of Western Europe already has a strong, if costly, social safety net, so governments feel less pressure to spend their way out of trouble.

The irony is that for years, Europe tried to rein in its own worker protections -- long considered a drag on growth in good times -- to emulate the faster-growing U.S. economy. Now the U.S. is moving toward a more European system.

Gallup: U.S., Canada Show More Interfaith Cohesion Than Europe - by Adam Sitte

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U.S., Canada Show More Interfaith Cohesion Than Europe - by Adam Sitte

In its first annual report on the state of faith relations in countries spanning four continents, Gallup and the Coexist Foundation find that Americans and Canadians more likely than European respondents surveyed to be classified as "integrated."Gallup defines "isolated" respondents as those who are unlikely to be members of any particular faith group and who tend to believe in the truth of their perspective above all others. They do not want to know about other religions. They also neither respect nor feel respected by those of other faiths. "Tolerant" individuals have a "live-and-let-live attitude toward people of other faiths, and they generally feel that they treat others of different faiths with respect. However, they are not likely to learn from or about other religions. "Integrated" respondents as those who go beyond a "live-and-let-live" attitude and actively seek to know more about and learn from others of different religious traditions. They believe that most faiths make a positive contribution to society. Furthermore, integrated people do not only feel respect toward people from other faith traditions, but they also feel respected by them.

When asked about the meaning of integration, strong majorities of British, French, and German Muslims and the general populations in their respective countries agree that mastering the national language, having a job, and getting a better education are critical components of integration.

Eurovision: The Netherlands: Sending their biggest stars to Eurovision Song Contest - Moscow 2009


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The Netherlands: Sending their biggest stars to Eurovision Song Contest - Moscow 2009

The biggest stars in The Netherlands will be taking the stage for their homeland in Moscow. They've broken every record in their country and are more than ready to astonish Europe now! Gordon, Rene Froger and Jeroen van der Boom, better known as The Toppers, picked six songs out of more than 300 entries to perform at the Nationaal Songfestival 2009. The trio has been selected internally to represent the Netherlands at the 2009 Eurovision Song Contest in Moscow. After an entertaining show live from Studio 22 in Hilversum, viewers could vote for over an hour. A professional jury had a 30% impact on the outcome. "It is amazing to have this opportunity," Rene Froger said, while Gordon was extremely happy with the fact that he is sure about participation in Moscow, unlike the previous two times he took part in the Dutch national selection.

The Cutting Edge News: What Does Fiat Know about CNG that Honda and the American Media Want to Ignore? by Marc J. Rauch

A Fiat Palia running on CNG fuel


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What Does Fiat Know about CNG that Honda and the American Media Want to Ignore? by Marc J. Rauch

"In a country and world struggling to stave off the effects of economic depression and looming environmental devastation, “There’s absolutely no reason not to (use CNG),” Fiat proclaims. So why then do the American car companies, indeed all car companies building vehicles on U.S. soil (with the minor exception of Honda’s tokenistic 1,000 to 2,000 Civic GX units per year) ignore compressed natural gas, particularly since they all have had substantial experience with CNG in outside markets? And why hasn’t the Obama Administration already mandated a national transition to North American-produced CNG as one alt fuel of choice? Fiat, a major player on the world automotive scene, has not enjoyed top-of-the-mind brand awareness in America since they withdrew the last of their primary brands and models from U.S. soil in the 1990’s. Perhaps this self-induced low profile is the reason why the Fiat CNG story has not captured the imagination of the media, let alone the public. However, given the new set of circumstances revolving around Fiat’s deal with the now bankrupt Chrysler (a deal that was in the making since at least January), it would appear that Fiat might end up forcing CNG-powered vehicles on America and our pabulum-puking knee-jerk media, ironically to our own very best interest. Among the CNG benefits highlighted by Fiat are its lower cost versus gasoline per equivalent gallon, its significantly lower polluting characteristics compared to gasoline, and the safety of driving CNG vehicles. Moreover, CNG’s abundant availability from friendly "green" sources makes the fuel preferable as it does little to support OPEC and unfriendly regimes. Maybe there’ll be a happy ending to this tale, with Americans driving domestically-built sexy CNG-powered Fiats."

BBC NEWS: Marchionne to be Chrysler chief

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Marchionne to be Chrysler chief

Sergio Marchionne, the chief executive of Fiat Group, has said he will also become chief executive of Chrysler once it emerges from bankruptcy protection. The troubled US automaker filed for bankruptcy last week. Fiat is taking an initial 20% stake in Chrysler, part of Mr Marchionne's plan to create a global automotive giant. Fiat is also eyeing the foreign operations of General Motors, including its Opel and Vauxhall marques in Europe and its Latin American operations

Chrysler's current chief executive Bob Nardelli will stay in his job during the bankruptcy proceedings, which are expected to last until late June.

5/6/09

BBC NEWS: Anti-government clash in Georgia

Mikhael Saskashveli with body guards


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Anti-government clash in Georgia

Anti-government protesters and police have clashed in the Georgian capital, Tbilisi, over the alleged beating of a local journalist. Riot police used batons to force back some protesters who tried to enter a police compound by climbing over a fence, the interior ministry said. These were the first clashes between protesters and police since anti-government demonstrations began on 9 April. Although attendance at daily rallies has dwindled, tension in the city has risen, said the BBC's Tom Esslemont in Tbilisi.

The clash came a day after Georgian authorities said they had thwarted an army mutiny.

Forbes.com: Europe Shows Its Cheerful Side - by Vidya Ram and Javier Espinoza

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Europe Shows Its Cheerful Side-by Vidya Ram and Javier Espinoza

A wave of optimism dominated equity trading in Europe on Wednesday as investors tried to figure out what the European Central Bank will do to shore up the euro zone economy at its policy meeting on Thursday. Ever since the governor of the bank hinted that "non conventional" methods could be introduced at the May meeting, there has been frenzied speculation about whether or not it will join the Federal Reserve in introducing a form of quantitative easing, most likely by buying government bonds or corporate debt to get money flowing through the economy.

TheStar.com : Europe's market too big to ignore

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Europe's market too big to ignore

The European Union is Canada's second-largest export market after the United States. Its $19.5 trillion economy is larger than that of the U.S., and we can't afford to ignore it in hard times. But the Canada/EU relationship has been slipping. We're no longer one of their top 10 trading partners. In recent years India and Brazil bumped us into 11th place. That's worrisome at a time when the World Trade Organization talks to liberalize trade have collapsed, when "Buy American" style protectionism is on the rise, and when the global economic meltdown has shrunk markets. So Prime Minister Stephen Harper is in Prague today to kick off a formal process to negotiate a Canada/European Union free trade deal that promises to generate a bit more wealth in hard times. Bolstering Canada's "strategic partnership" makes sense. Canada/EU trade was worth $110 billion last year, and two-way investment topped $400 billion. Under a new deal Canada could expect to reap an additional $13 billion annually in benefits, and the EU $18 billion. While Canada's $600 billion trade with the U.S. dwarfs that, the EU market is still well worth cultivatin

MaltaToday: MALTA-ITALY TENSION REACHES NEW HEIGHTS

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MALTA-ITALY TENSION REACHES NEW HEIGHTS

Unconfirmed reports of a meeting between Prime Minister Lawrence Gonzi and Opposition leader Joseph Muscat reached this newsroom yesterday, as high tension is building up between Malta and Italy on immigration. The two leaders discussed the situation on the latest incident in which Italian army boats warded off a Maltese patrol boat with 66 migrants from entering Lampedusa.
Tension is at its highest level ever since the 1980 Saipem incident, when a Maltese-commissioned Italian oil rig was stopped by Libyan gunboats.On Friday afternoon, Malta sent a note verbale to Italy, urging it to stop reneging on its international obligations for refusing to take in the migrants. A meeting also took place between Foreign Affairs Minister Tonio Borg and the Italian Ambassador to Malta, Paolo Andrea Trabalza.

China View: Vice Premier: China, EU "Distant Neighbors"

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Vice Premier: China, EU "Distant Neighbors"

China's Vice Premier Wang Qishan has said that China and the European Union should take a responsible attitude and demonstrate their common, clear commitment against trade protectionism at the second China-E.U. high-level economic dialogue.China and the E.U. should make full use of the platform presented by the high-level economic dialogue to strengthen communication and cooperation and jointly oppose trade protectionism. This would better enable us to tackle the current crisis and promote economic recovery and growth. It would also reinforce the trend of economic globalization and facilitates a further growth of two-way trade.

BIOGASMAX: European Biomethane Fuel Conference in Goteborg Sweden 7-9 September

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European Biomethane Fuel Conference in Goteborg Sweden 7-9 September

Presentations will include best practice from Sweden, France, Switzerland, Italy and beyond, insights on the gas vehicle market, on the on-coming European Commission policies and vision, expertise in the production, upgrading and distribution of biomethane, and details of assistance available for those considering biomethane projects. The conference also offers the opportunity to participate in study visits to see projects first hand, and to discuss with those having hands-on experience. Above all, the event will represent an excellent opportunity to meet and network with a wide range of stakeholders involved in the production and use of biomethane, both informally and also through our expert panel sessions.

Business Day onm Line: ‘We all need insurance at whatever stage of life’ - Salami

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‘We all need insurance at whatever stage of life’ - Salami

"About 14 insurance companies in Nigeria recently launched a group project on corporate campaign aimed at educating the public on the benefits of insurance and how to access insurance. KEHINDE SALAMI, project coordinator of the campaign in this interview with MODESTUS ANAESORONYE, reviews the exercise and what the public stands to benefit.

5/5/09

Guardian.co.uk: Art historians claim Van Gogh's ear 'cut off by Gauguin' - by Angelique Chrisafis


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Art historians claim Van Gogh's ear 'cut off by Gauguin' - by Angelique Chrisafis

Vincent van Gogh's fame may owe as much to a legendary act of self-harm, as it does to his self-portraits. But, 119 years after his death, the tortured post-Impressionist's bloody ear is at the centre of a new controversy, after two historians suggested that the painter did not hack off his own lobe but was attacked by his friend, the French artist Paul Gauguin. According to official versions, the disturbed Dutch painter cut off his ear with a razor after a row with Gauguin in 1888. Bleeding heavily, Van Gogh then walked to a brothel and presented the severed ear to an astonished prostitute called Rachel before going home to sleep in a blood-drenched bed.

But two German art historians, who have spent 10 years reviewing the police investigations, witness accounts and the artists' letters, argue that Gauguin, a fencing ace, most likely sliced off the ear with his sword during a fight, and the two artists agreed to hush up the truth.

Times OnLine: EADS aims at slice of India's euro58bn arms budget - by Rhys Blakely

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EADS aims at slice of India's euro58bn arms budget - by Rhys Blakely

EADS, the European defence group, has become the latest Western arms supplier to set up shop in India as the country prepares to spend billions of pounds upgrading its dilapidated Soviet-era weaponry. Under a joint venture with Larsen & Toubro, India's largest engineering group, EADS will design and build systems ranging from weapons that scramble the electronics of enemy aircraft to portable bridges in a new facility near the western city of Pune. The project is the latest to target India's expanding arms spending. Its provisional weapons budget was increased by a third this year to euro 8b.

The jewel in the crown is a euro 8bn tender to supply 126 fighter jets, which is being fought over by five rivals including Boeing, MiG, of Russia, and the Eurofighter consortium, which includes EADS.

Culture: Cannes Film Festival - Life's become one big reality show - by Toby Young

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Cannes Film Festival - Life's become one big reality show - by Toby Young

What film is likely to be the next Slumdog Millionaire? There are several British titles vying for this honour at the Cannes Film Festival (which starts on 13 May), but I'm putting my money on Sounds Like Teen Spirit, a documentary about the Eurovision Song Contest, which is released on Friday. To be strictly accurate, it's about the junior version of that competition, which is restricted to those aged 10 to 15. We follow various takes as they jump over a series of hurdles to qualify for the contest, then watch them compete in the final. Needless to say, there are plenty of tears before bedtime. The film that Sounds Like Teen Spirit most closely resembles is Spellbound, the documentary about an American spelling bee that was nominated for an Oscar in 2003. The reason it works so well, apart from the skill of the director Jamie Jay Johnson, is that it has the same structure as a conventional Hollywood film. Like Spellbound, it follows a sequence of events in which all the building blocks of a text-book screenplay are in place: an unlikely hero plucked from obscurity; a cocksure antagonist; a series of increasingly difficult challenges; a dash of romance; and a thrilling climax in which the hero triumphs against all odds.

Esctoday: Eurovision Song Contest Moscow 2009 : Czech Republic - The return of the Super gipsy

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Eurovision Song Contest Moscow 2009 : Czech Republic - The return of the Super gipsy

Eurovision Song Contest Moscow 2009 : Czech Republic - The return of the Super gipsy

With only a few days to go before the start of the rehearsal process for the 2009 Eurovision Song Contest, this years Czech Republic entry Gipsy.cz take time out to talk to esctoday.com. In this exclusive interview the band talk about how they plan to bring some Czech humor and irony to the Eurovision stage. They also talk about the band's past musical achievements and how we will see "the return of the Super gipsy".

CSM: Georgia-The Unstable NATO Ally Seeing Red: As it blames Russia for 'mutiny' - by Fred Weir

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Georgia-The Unstable NATO Ally Seeing Red: As it blames Russia for 'mutiny' - by Fred Weir

It looked like a recipe for political crisis even before a Georgian tank battalion apparently mutinied on Tuesday: • Nearly a month of rolling street demonstrations have virtually shut down the central area of the capital, with thousands of protesters daily demanding the resignation of Georgia's president, Mikhail Saakashvili. • Russian troops have been massing in the past week barely an hour's drive away in South Ossetia. • NATO-sponsored war games that Moscow furiously opposes are set to begin on Wednesday.Georgi Khutsishvili, chair of the International Center on Conflict and Negotiation in Tbilisi, says there are no "pro-Russian" forces, either among the opposition in Tbilisi's streets or within the Georgian army. "Our authorities are always seeing Moscow's hand in things," he says. "But I cannot imagine that any Georgian army battalion could revolt on Russian orders. I completely exclude this. Whatever happened, it must be explained by internal factors." Experts say the Kremlin appears increasingly concerned over the damage to Russia's fragile dialogue with NATO, begun with high hopes barely a month ago. Russian President Dmitry Medvedev last week called on the Western alliance to cancel the "shortsighted" war games, and ordered Russian officials not to attend a NATO council meeting slated for Thursday.

Note EU-Digest: It is high time the EU distance itself from this very precarious situation in Georgia, mainly created by the unstable leadership of Mikhail Saakashvili

US Pirg: Tax Shell Game: The Taxpayer Cost of Offshore Corporate Havens

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Tax Shell Game: The Taxpayer Cost of Offshore Corporate Havens

Many of the largest corporations in our country hide profits made in the United States in offshore shell companies and sham headquarters in order to avoid paying billions in federal taxes. The result is massive losses in revenue for the U.S. Treasury – which ultimately must be made up by taxpayers. The cost to taxpayers due to the use of offshore tax havens is as high as $100 billion per year - $1 trillion over 10 years. U.S.-based individuals and corporations who pay taxes on their revenues must shoulder this burden for those who do not. • Taxpayers must shoulder the burden – U.S. PIRG Education Fund calculated each state’s taxpayer contribution proportional to their yearly federal contribution to make up for the $100 billion lost. • US allies in other nations are also calling for decisive action to reign in these abusive tax havens. The Group of 20 (G-20), which provides a forum for world financial leaders to promote global economic stability, recently issued a communique providing for sanctions against tax haven countries.• In California 78 percent of corporations paid no more than the $800 minimum franchise tax in 2001. Worse, over half of profitable corporations paid no more than $800 minimum, including 46 corporations with over $1 billion in 2001 receipts. • A study by the Multistate Tax Commission, a joint agency of state governments, estimates that by 2001 the growth of corporate tax sheltering accounted for $12.4 billion in lost annual revenue beyond what occurred during the 1980s. According to mid-range estimates, California corporate tax revenue was 19 percent lower than it should have been.• The federal Government Accountability Office estimates that underreported corporate income taxes and employment taxes cost the federal government $84 billion in 2001. The GAO also reports that 33 percent of large U.S. corporations reported no tax liability in 1995, a percentage that rose to 45 percent by 2000. • A study of 252 Fortune 500 companies between 2001 and 2003 found that they paid state taxes at only a third of the statutory rates and 71 of them paid no state taxes at all during at least one of these years.

NYT - French Are No. 1 in Eating and Sleeping - by Maja de la Baume

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French Are No. 1 in Eating and Sleeping - by Maja de la Baume

French people spend more time eating and sleeping than the habitants of any other highly developed country, according to a report published Monday by the Organization for Economic Cooperation and Development. The French sleep an average of nine hours every night, the report said. That is about 30 minutes longer than the average American and over an hour longer than the Japanese and Koreans. The O.E.C.D. study, based on a survey of 18 member countries, also shows that the French spend more than two hours a day eating, twice the time spent by people in Mexico, Canada and the United States.

5/4/09

Computerworld: EU urges U.S. to share control of ICANN with other countries

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EU urges U.S. to share control of ICANN with other countries

Viviane Reding, the European commissioner for Internet-related issues, called today for a new multilateral approach to Internet governance once the current system expires at the end of September. The Internet Corporation for Assigned Names and Numbers (ICANN) is a private, nonprofit corporation established in California. It is responsible for some of the most sensitive issues related to Internet governance, such as top-level domains and management of the Domain Name System, which ensures that millions of computers can connect to each other. ICANN is partly controlled by the U.S. Department of Commerce. Earlier attempts to internationalize ICANN failed. ICANN's remit expires on Sept. 30. Reding proposed a successor body of the same name that is fully privatized adn that applies strict transparency rules. She also suggested setting up an independent judicial body as well as an intergovernmental body, possibly based on the G12 forum of governments from around the world, to oversee ICANN in future. "In the long run, it is not defendable that the government department of only one country has oversight of an Internet function which is used by hundreds of millions of people in countries all over the world," Reding said.

EurActiv.com - Few EU expats to vote locally in June elections

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Few EU expats to vote locally in June elections

Since the introduction of the Maastricht Treaty in 1992, EU citizens residing in other member states have been entitled to vote in elections to the European Parliament. But in 20 of the 27 countries, only a few of them have registered to do so, EurActiv has learned.In Poland, only 313 foreigners have registered to vote in the EU elections in June, Polish national radio reported: a mere 3% of the 10,000 EU citizens who have taken up permanent residency in the country. In Greece, the situation is slightly more positive. 6,505 citizens have registered, out of 140,000 identified in the last census in 2001, according to Interior Ministry figures. Belgium, home to the European institutions, does not fare much better, as just 11.18% of EU citizens living there have registered to vote (66,203 out of 592,390), according to the country's electoral office. The situation is similar in Sweden, whose electoral authority, Valmyndigheten, noted two weeks before the list's closing date that 219,000 foreign EU citizens of voting age reside in the country. But of these, only 37,000 had taken up their right to vote there.

Sify Food: Turkey - The goodness of curd (Yogurt) first made in Turkey - by Mumtaz Khalid Ismail

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Turkey - The goodness of curd (Yogurt) first made in Turkey- by - by Mumtaz Khalid Ismail

Once thought of only as a worthy health food, curd or yogurt is now the base for tempting frozen desserts and is used as a healthier alternative to cream. The word yogurt is of Turkish Origin and is believed that the first curd was made in Turkey. People who cannot drink milk may find that they can tolerate curd. Universally cow's milk is used to make curd. But in India, buffalo milk is also used extensively and in Russia, the milk of sheep, goat and mare is largely used for the same purpose.

Curd or yogurt is also considered one of the best aids to natural good looks. The bacteria present in curd make the skin soft and glowing. It is also a good hair conditioner and has anti-dandruff property. Curd mixed with orange or lemon juice is a good face cleanser. It supplies moisture to the skin and fruit juice provides the essential vitamin C. Live yogurt discourages the proliferation of harmful bacteria and yeasts in the gut that lead to bowel infection. It can help to relieve gastrointestinal disorders, diarrhea and constipation. It can also reduce bad breath associated with some digestive disorders. Yogurt is helpful for people suffering from diarrhea on account of radiotherapy treatment, food poisoning or irritable bowel syndrome. It is often recommended as an external treatment for any one who is suffering from thrush. It is also claimed that yogurt can improve the condition of the skin and alter the balance of bacteria in the large bowel in a way that may protect against colon cancer. Curd is used in the treatment of insomnia. It is also believed that taking sufficient curd in the daily diet could prevent premature aging.

The Telegraph/EU-Digest:Tourism - London 'dirtiest and most expensive city'

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London 'dirtiest and most expensive city'

London is Europe's dirtiest and most expensive city and also has the worst cuisine, according to 36% of a poll by travelers. Second was Paris with with 9%. The UK capital was also considered to have the worst-dressed locals in a survey of 2,376 European travellers by the TripAdvisor company. It was the second-year running that London had been voted the dirtiest European city.

On a more positive note: London was reckoned to have the most tourist traps, but also the best free attractions, easily the best public parks and the best nightlife.

The Telegraph: Cyprus: A taste of the good life - by Sarah Shuckburgh

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Cyprus: A taste of the good life - by Sarah Shuckburgh

The Karpas peninsula ( Northern Cyprus) is a wilderness of stony red earth, with scrubby hillsides of grey boulders and a coastline dotted with the ruins of early Christian churches. Large flocks of sheep are watched by grizzled shepherds who sit astride donkeys saddled with brightly coloured blankets. Few tourists come here, but Karpas is easily reached – the roads are empty, the sandy beaches are idyllic and small village guesthouses offer a taste of traditional Cypriot life. Although Greek Cypriots see North Cyprus as illegally occupied territory, border controls have relaxed. Cars hired at Larnaca airport can be driven into North Cyprus (extra insurance is required), but cars hired at Ercan in Northern Cyprus cannot be driven to the Republic.

From the roof of the Saray Hotel we get a panoramic view of two cities – the Turkish, with a jumble of red roofs, alleys, minarets, British colonial architecture and distant hills; and the Greek, 10 times the size, a modern European city with wide boulevards and glittering buildings. A derelict strip marks the buffer zone between north and south, guarded by UN watchtowers. This is the Green Line, named after the ink with which a British officer sketched the boundary in 1963. Blue and gold EU flags flutter on one side, and flags with the Turkish Cypriot moon and star on the other. Over lunch, Mr Hüseyín tells us that he, like Zekai, was born in the south. Their families lost everything in 1974. Many thousands of Greek Cypriots, evicted from the north, suffered similar losses. While politicians debate intractable difficulties, Mr Hüseyín is committed to teaching Turkish to Greek-speakers, and Greek to Turkish-speakers. "One day, Cyprus will again be one island," he says. "Cypriots, both sides of the line, have much in common."

Going Dutch - How I Learned to Love the European Welfare State - by Russell Shorto

For the complete report from the NYTimes.com click on this link

How I Learned to Love the European Welfare State - by Russell Shorto

For 18 months now I’ve been playing the part of the American in Holland, alternately settling into or bristling against the European way of life. Many of the features of that life are enriching. History echoes from every edifice as you move through your day. The bicycle is not a means of recreation but a genuine form of transportation. A nearby movie house sells not popcorn but demitasses of espresso and glasses of Dutch gin from behind a wood-paneled bar, which somehow makes you feel sane and adult and enfolded in civilization.

As in the United States, income tax in the Netherlands is a bendy concept: with a good accountant, you can rack up deductions and exploit loopholes. And while the top income-tax rate in the United States is 35 percent, the numbers are a bit misleading. “People coming from the U.S. to the Netherlands focus on that difference, and on that 52 percent,” said Constanze Woelfle, an American accountant based in the Netherlands whose clients are mostly American expats. “But consider that the Dutch rate includes social security, which in the U.S. is an additional 6.2 percent. Then in the U.S. you have state and local taxes, and much higher real estate taxes. If you were to add all those up, you would also get close to the Dutch 52 percent.”

Guardian: Silvio Berlusconi's wife announces divorce plans - by Tom Kington

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Silvio Berlusconi's wife announces divorce plans - by Tom Kington

For Europe's longest suffering first lady, it seems as if the golden necklace was the last straw. "I am convinced that at this point it would be more dignified to stop here," said Veronica Lario todayas she announced she would divorce Silvio ­Berlusconi, the Italian prime minister. "I cannot stay with a man who frequents minors," she told La Repubblica. The minor in question, aspiring TV ­presenter Noemi Letizia, was celebrating her 18th birthday last month in Naples when Berlusconi, who described himself as an old friend of her family, dropped by with the necklace for Letizia, who revealed she calls him "daddy".

5/3/09

WSJ: Chrysler in Hand, Fiat Turns to Opel

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Chrysler in Hand, Fiat Turns to Opel

Fiat SpA Chief Executive Sergio Marchionne is stepping up his plan to acquire a majority stake in General Motors Corp.'s German unit Opel, the next phase of his ambitious campaign to forge one of the world's biggest auto makers by crafting a three-way alliance among Fiat, Chrysler and Opel. Mr. Marchionne is expected to meet senior German government officials in Berlin on Monday, according to people familiar with the matter, in an attempt to get their support for a potential alliance with Opel. Mr. Marchionne signed a partnership with Chrysler LLC in Washington last week. Fiat's board of directors met Sunday and authorized Mr. Marchionne to seek a potential merger between Fiat and GM's European operations, including Opel and its U.K. unit Vauxhall, according to a statement issued by Fiat on Sunday. If a deal is reached, Fiat will consider creating a new publicly traded company that combines the auto maker's car unit, Fiat Group Automobiles, with GM's European operations, the statement said.

WashingtonTV: Press freedom around the world declining, says study

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Press freedom around the world declining, says study

Press freedom declined in every region of the world last year, according to a study released on Thursday by the Washington, DC-based press freedom group, Freedom House. The study, which was released to coincide with World Press Freedom Day on Sunday, said that 64 of the 195 countries and territories covered were rated “not free”, 61 were rated “partly free” and 70 were rated “free”. In its study last year, Freedom House rated 72 countries as “free”.

The group said that while press freedom had declined in 2008 for the seventh consecutive year, last year marked the first time that it deteriorated in every region. “The journalism profession today is up against the ropes and fighting to stay alive, as pressures from governments, other powerful actors and the global economic crisis take an enormous toll,” said Freedom House executive director, Jennifer Windsor.

Todays Zaman: Dutch attaché has İstanbul’s only Vespa with diplomatic license plate

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Dutch attaché has İstanbul’s only Vespa with diplomatic license plate

Even though he rides his Vespa in the city most of the time, he says he likes the public transportation system in İstanbul. “It is very efficient; there is the ‘Akbil’ for everything. There are choices in İstanbul for low and high budgets,” he notes. A diplomat’s son, Stork has lived in many cities and countries around the world, from London and Romania to Cuba and Amsterdam. In his words, he was “made in Argentina, born in Finland.”In promoting the exchange of culture between Turkey and the Netherlands, the consulate, together with the embassy in Ankara, is active in its programs. They assist in bringing Turkish artists to the Netherlands and vice versa.

“We believe cultural exchange is at the root of understanding each other,” he says, and explains that music is one area in which to do this. At the Ghetto music lounge in İstanbul, for example, they had “Amsterdam Night Watch” between January and April, when such diverse Dutch groups as The Amsterdam Klezmer Band; vocal quartet Fourtress, made up of one Turkish and three Dutch singers; and the members of the Calefax Quintet and the Tony Overwater Trio performed.

5/2/09

RIA Novosti - Turkey hopes to buy S-400 air defense systems from Russia

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Turkey hopes to buy S-400 air defense systems from Russia

"Turkey has expressed a strong interest in buying S-400 air defense systems from Russia," said Anatoly Aksenov, a senior adviser to the general director of Russian arms export monopoly Rosoboronexport. Russia is exhibiting over 120 types of weaponry at the IDEF 2009 arms show in Istanbul on April 27-30. The biennial exhibition has been organized by the Turkish defense industry since 1993. Aksenov, who leads the Russian delegation at the IDEF 2009 exhibition, said the possible deliveries of the S-400 to Turkey were discussed during talks with Turkey's undersecretary for defense industries, Murad Bayar.

The S-400 Triumf (SA-21 Growler) is designed to intercept and destroy airborne targets at a distance of up to 400 kilometers (250 miles), twice the range of the U.S. MIM-104 Patriot, and 2 1/2 times that of Russia's S-300PMU-2. The system is also believed to be able to destroy stealth aircraft, cruise missiles and ballistic missiles, and is effective at ranges up to 3,500 kilometers (2,200 miles) and speeds up to 4.8 kilometers (3 miles) per second.

Eurofighter Typhoon - Eurofighter Consortium detail euro7 Billion Industrial Package on Offer to Netherlands Industry

For the background report on the November 2001 Industrial offer from Eurofighter Typhoon to the Dutch Government click on this link

Eurofighter Consortium detail euro 7 Billion Industrial Package on Offer to Netherlands Industry

Rainer Hertrich CEO EADS, and Steve Mogford, COO BAE SYSTEMS today unveiled details of a euro7 billion (Gld15 approx.) industrial partnership program that could benefit Netherlands industry. The package was presented on behalf of the Eurofighter Partner Companies (Alenia Aerospazio, BAE SYSTEMS, EADS-Deutschland, EADS-CASA) in support of the Eurofighter bid as candidate in the program for a replacement of the Royal Netherlands Air Force (RNLAF) F-16 fleet. The industrial package is geared to both short term participation in production programmes, and long term, high-value defence and aerospace partnerships across the defence and aerospace activities of the Eurofighter partner companies.

In a first phase Netherlands industry participate directly in the Eurofighter Enhancement Programme to compliment participation by the RNLAF. As such, RNLAF would be working with the existing four nation Eurofighter customers in defining future operational requirements and capabilities of the weapon system. Other industrial activity may also cover production for the initial batch of Eurofighter aircraft now in progress. This initial package provides a guaranteed return of euro400 million to Netherlands industry. A second phase will see Netherlands industry participate in production and further development of the Eurofighter Weapon System to meet the requirements of all partner air forces and the RNLAF. An additional and significant benefit from the Eurofighter offer of industrial partnership is potential or additional participation by Netherlands industry in programmes such as AIRBUS, A400M, helicopters, MAKO, Space programmes and other defence and civil activities.

Note EU-Digest - The Netherlands Government probably would benefit from participating in the Eurofighter program and should certainly reconsider this offer in view of the problems surrounding the F-35.

ITAR-TASS: Eurovision 2009 participants arrive in Moscow

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Eurovision 2009 participants arrive in Moscow

The Russian capital will be hosting the international song contest for the first time, but its organisers do not worry and say that everything is going as planned, and although there are eight more days before the opening, the contenders have every minute of their time already scheduled. The contest organizers said the first rehearsals would begin at 10:00 on May 3. Every contender will have 40 minutes to be followed by a press conference. The participants will move around the city in big buses marked with Eurovision logos. They will run every hour from the hotels where the contenders will live to the Olympiisky Concert Hall where the concerts, semi-finals on May 12 and 14, and the final contest on May 16 will be held. Special lanes will be reserved for the Eurovision buses with the picture of a firebird, the official mascot of the Moscow contest, in order to avoid traffic jams.

Meanwhile, all construction work has been completed at the Olympiisky Concert Hall. A unique stage provided with the most up-to-date equipment was installed on May 1. Contest chief director Andrei Boltenko said new super light and high-quality screens were used on the stage. A total of 2.5 kilometres of light-emitting diodes were used.

Bloomberg: European Confidence Rises for First Time in 11 Months - by Jurjen van de Pol

For the complete report from Bloomberg.com click on this link

European confidence in the economic outlook increased for the first time in 11 months in April as inflation slowed and governments boosted spending to combat the recession. An index of executive and consumer sentiment in the 16 nations that use the euro rose to 67.2, the first increase since May 2008, the European Commission in Brussels said today. The April reading was above the 65.6 median estimate of 26 economists in a Bloomberg survey, and up from 64.7 in March. Euro-area capacity utilization for the quarter fell to 70.5 percent, the lowest since 1990, the commission said. The confidence report “will fuel hopes that the economy may now be past the worst of the recession,” said Colin Ellis, an economist at Daiwa Securities SMBC Europe Ltd. in London. “With euro-area domestic demand likely to remain weak, any resumption in growth may have to wait for world demand to recover.”

The American Spectator : The world financial System: The Long Run - by Roger Scruton

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The world financial System: The Long Run - by Roger Scruton

The "credit crunch" has raised the question of whether it could have been prevented by a better use of our rational powers, or whether on the contrary it hasn't been just a long-term consequence of the normal forms of rational risk-taking. The tendency to blame Wall Street, the bankers, the hedge fund managers, and all the others who rewarded themselves with such hefty bonuses as their businesses sank is understandable. But does it reflect any real understanding of the problem, and did those people do anything that you or I would not have done, had we been in their shoes?

The Telegraph - May 1 labor day: Riots in Austria, France, Germany, Greece, Spain and Turkey fueled by economic crisis - by Henry Samuel

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May 1 labor day: Riots in Austria, France, Germany, Greece, Spain and Turkey fueled by economic crisis - by Henry Samuel

Police in Berlin arrested 57 people while around 50 officers were hurt as young demonstrators threw bottles and rocks and set fire to cars and rubbish bins. There were also clashes in Hamburg, where anti-capitalist protesters attacked a bank. In Turkey, masked protesters threw stones and petrol bombs at police, smashing banks and supermarket windows in its biggest city, Istanbul. Security forces fired tear gas and water cannon at hundreds of rioters and more than a hundred were arrested with dozens more hurt. There were also scattered skirmishes with police in the capital, Ankara, where 150,000 people marched.In Greece, officers fired flash grenades to disperse rioters in Athens after attacks on banks and traffic cameras. Transport strikes disrupted bus, train and ferry services as well as flights by Greek carrier Olympic Airlines. Twenty people were injured and five arrested after police clashed with demonstrators at a traditional labor day rally in Linz in northern Austria. In France, unions joined forces for the first time since the Second World War, but turnout was not as high as a protest day in March. There were also marches in big cities in Spain, burdened with the highest unemployment rate in Europe. More than 10,000 people gathered in the center of Madrid in a demonstration organized by the country's two largest trade unions.

5/1/09

Guardian.co.uk: Financial crisis brings sobriety ( and questions) to Warren Buffett's capitalist jamboree - by Greame Wearden

For the complete report from the guardian.co.uk click on this link

Financial crisis brings sobriety ( and questions) to Warren Buffett's capitalist jamboree - - by Greame Wearden

Warren Buffett's army of loyal investors will make their usual pilgrimage to Omaha this weekend for the Berkshire Hathaway annual meeting, where the mood promises to be unusually sombre. In previous years, the Nebraska shindig has enjoyed a reputation as a capitalist "love-in". Devoted Buffett fans would arrive in their tens of thousands, queue to buy commemorative T-shirts, and devour the pithy wit of the Sage of Omaha. But this year the temperature of the event will be decidedly chillier. Shares in Berkshire Hathaway are down 40% on their all-time peak, and the net worth of the company shrank by 9.6% during 2008.

The company will make changes to the meeting's format; half the questions will come from three journalists, in an attempt to prevent too many offbeat inquiries about Buffett's health, favorite foods or religious beliefs. This will mean that Buffett and vice-chairman Charlie Munger will face tougher probing about Berkshire's exposure to derivatives contracts, and the tricky issue of succession planning.

BBC /EU-Digest:Netherlands - 38 year old driver of car attack on Dutch royal parade dies - 6 killed

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Netherlands: Driver of Car attack on Dutch royal parade dies - 6 killed

Karst Tates, a 38-year-old Dutch national, was critically injured after his attempted attack on the Dutch royal family, and died in hospital overnight. His car crashed into a monument after ploughing through bystanders who were marking Queen's Day in Apeldoorn. The car narrowly missed a bus which was carrying Queen Beatrix and her family. His neighbours in the eastern town of Huissen told Radio Netherlands that he had worked as a security guard until a few months ago, when he was made redundant. They described him as a quiet, solitary man. "Recently, he informed me that he had been dismissed and could no longer pay the rent," his landlord, Sem Bosman, told De Telegraaf. "He was due to have come today to transfer the keys to a new tenant." Mr Tates had no criminal record or known mental health problems. So far a total of six people have died as a result of the assassination attempt including the assassin.

USA Today: US Government nervous about Banks stress test results - by Pallavi Gogoi

For the complete report from USATODAY.com click on this link

US Government nervous about Banks stress test results - by Pallavi Gogoi

Next week's bank stress tests results are a key part of the Obama administration's economic recovery plan, but the government has big worries about how to deliver the results without hurting the banks' reputation or scaring financial markets. However, the U.S. government has never released such specific data about any bank examination for fear that there could be a run on banks with less capital, with depositors pulling their money out and businesses moving to other banks. Fed Chairman Ben Bernanke has said the banks will be given six months to raise private capital before they can tap the government bailout fund. However, Wallace says private investors will only provide capital if they know there is a government backstop such as a guarantee it will cover any future losses above a certain level.

Note EU-Digest:Given the above uncertainties it can only be hoped that the figures of the stress test won't be "tweaked" to reflect only the positive?

The Socialist worker: May 1 - The story of May Day - by Elizabeth Schulte

For the complete report from the SocialistWorker.org click on this link

May 1 - The story of May Day - by Elizabeth Schulte

Elisabeth Schulte tells the history of May Day, a socialist holiday founded to honor the Haymarket Martyrs and celebrate international workers' solidarity.Although May Day was founded to honor a U.S. labor struggle, few workers in this country typically know its origin, because the history is largely untold. This has changed, however--since the mass immigrant workers' May Day marches that began in 2006.

Note EU-Digest: A current Rasmussen poll shows that only 53% of Americans believe that the capitalist way of life is better than the socialist. With the election of Barack Obama, socialism is becoming the in thing with a lot of people, especially the younger generation. Adults under 30 are almost evenly divided in the Rasmussen poll; 37% opt for capitalism while 33% prefer socialism, a staggering 30% remain undecided. Those in their 30’s are more supportive of capitalism with 49% favoring the free enterprise system. Adults over 40 strongly favor capitalism over socialism with only 13% saying that a socialist government is the right way to go. People also tend to put their money where their mouth is; those who invest are 5 to 1 in favor of capitalism while only 40% of those who don’t invest their own money favor the capitalist system. Not surprisingly, 25% of those who do not invest favor socialism. Once again, no big surprise, but those who favor capitalism or socialism are divided in a partisan way as well. Republicans favor capitalism by an 11-1 margin, while democrats are much more divided on the issue; 39% say they favor capitalism while 30% favor socialism. Amazingly, Rasmussen conducted the same poll in December of 2008; the results were astonishingly different. Just four months ago 70% of those polled preferred a free market economy. There also seems to be a major misconception between the term Socialism and Communism. Conservatives have the tendency to put the two in one wrapper.