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* stephen hawking's univers
* tiger woods * jim fur
Barack Obama, China, Hu Jintao,
Melinda Hackett, manhattan
Moshe Katsav, bbc news
new zealand miners, louise heal
Vikram Pandit, bbc news, ft
Wilma Mankiller,
9/11, september 11, emily strato
Abdel Kareem Nabil Soliman, bbc
afghanistan, bbc news, the econo
Ahmed Khalfan Ghailani, bbc news
Ai Weiwei, bbc news
aids virus, aids, * hiv
Airbus A330, suzanne gould, bbc
airline security, bbc news
airport security, bbc news, biod
al-qaeda, natalie duval, yemen,
al-qaeda, new york city, suzanne
algeria, bbc news
amanda knox, bbc news, italy mur
american airlines, natalie de va
ancient rome, bbc news
arab spring, bbc news
arizona immigration law, bbc new
arms control, bbc news
arms flow to terrorists, bbc new
Arnold Schwarzenegger, bbc news
aung song suu kyi, myanmar, bbc
australia floods, bbc news
australia, cookbooks
australian shipwreck, bbc news
baltimore shooting, bbc news
ban aid, bob geldof, bbc world s
bangladesh clashes, bbc news
bat global markets, bbc news
bbc 2, biodun iginla
bbc news
bbc news, biodun iginla, david c
bbc news, biodun iginla, south k
bbc news, biodun iginla, the eco
bbc news, google
bbc strike, biodun iginla
bbc world service, biodun iginla
bcva, bbc news
belarus, bbc news, maria ogryzlo
Ben Bernanke, federal reserve
Benazir Bhutto, sunita kureishi,
benin, tokun lawal, bbc
Benjamin Netanyahu, bbc news
berlusconi, bbc news, italy
bill clinton ,emanuel, bbc news
bill clinton, Earth day, biodun
black friday, bbc news
black-listed nations, bbc news
blackwater, Gary Jackson, suzann
blogging in china, bbc news
bradley manning, bbc news
brazil floods, bbc news
brazil, biodun iginla, bbc news,
british elections, bbc news, bio
broadband, bbc news, the economi
Bruce Beresford-Redman. Monica
BSkyB bid, bbc news
budget deficit, bbc news,
bulgaria, natalie de vallieres,
business travel, bbc news
camilla parker-bowles, bbc news
canada, bbc news, biodun iginla
carleton college, bbc news, biod
casey anthony, bbc news
catholic church sex scandal, suz
cdc, e coli, suzanne gould, bbc
charlie rangel, bbc news
chicago mayorial race, bbc news,
chile miners, bbc news
chile prison fire, bbc news
chile, enrique krause, bbc news,
china, judith stein, bbc news, u
china, xian wan, bbc news, biodu
chinese dipolomat, houston polic
chinese media, bbc news
chirac, france, bbc news
cholera in haiti, biodun iginla
christina green, bbc news
Christine Lagarde, bbc news
Christine O'Donnell, tea party
chronical of higher education, b
citibank, bbc news
climate change, un, bbc news, bi
coal mines, west virginia, bbc n
common dreams
common dreams, bbc news, biodun
commonwealth games, bbc news
condi rice, obama
condoms, suzanne gould
congo, bbc news
congress, taxes, bbc news
contagion, islam, bbc news
continental airlines, bbc news
Continental Express flight, suza
corrupt nations, bbc news
Countrywide Financial Corporatio
cross-dressing, bbc news, emily
ctheory, bbc news, annalee newit
cuba, enrique krause, bbc news,
Cuba, Raúl Castro, Michael Voss
dealbook, bbc news, nytimes
digital life, bbc news
dorit cypis, bbc news, community
dow jones, judith stein, bbc new
egypt, nasra ismail, bbc news, M
elizabeth edwards, bbc news
elizabeth smart, bbc news
embassy bombs in rome, bbc news
emily's list, bbc news
entertainment, movies, biodun ig
equador, biodun iginla, bbc news
eu summit, bbc news, russia
eu, arab democracy, bbc news
europe travel delays, bbc news
europe travel, biodun iginla, bb
europe travel, france24, bbc new
eurozone crisis, bbc news
eurozone, ireland, bbc news
fair, media, bbc news
fake deaths, bbc news
FASHION - PARIS - PHOTOGRAPHY
fbi, bbc news
fcc, neutral internel, liz rose,
Federal Reserve, interest rates,
federal workers pay freeze, bbc
fedex, racism, bbc news
feedblitz, bbc news, biodun igin
ferraro, bbc news
fifa, soccer, bbc news
financial times, bbc news
firedoglake, jane hamsher, biodu
flashing, sex crimes, bbc news
fox, cable, new york, bbc
france, labor, biodun iginla
france24, bbc news, biodun iginl
french hostages, bbc news
french muslims, natalie de valli
FT briefing, bbc news, biodun ig
g20, obama, bbc news
gabrielle giffords, bbc news
gambia, iran, bbcnews
gay-lesbian issues, emily strato
george bush, blair, bbc news
germans held in Nigeria, tokun l
germany, natalie de vallieres, b
global economy, bbc news
goldman sachs, judith stein, bbc
google news, bbc news, biodun ig
google, gianni maestro, bbc news
google, groupon, bbc news
gop, bbc news
Gov. Jan Brewer, bbc news, immig
greece bailout, bbc news, biodun
guantanamo, bbc news
gulf oil spill, suzanne gould, b
Hackers, MasterCard, Security, W
haiti aid, enrique krause, bbc n
haiti, michelle obama, bbc news
heart disease, bbc news
Heather Locklear, suzanne gould,
Henry Kissinger, emily straton,
Henry Okah, nigeria, tokun lawal
hillary clinton, bbc news
hillary clinton, cuba, enrique k
hugo chavez, bbc news
hungary, maria ogryzlo
hurricane katrina, bbc news
Ibrahim Babangida, nigeria, toku
india, susan kumar
indonesia, bbc news, obama admin
inside edition, bbc news, biodun
insider weekly, bbc news
insider-trading, bbc news
International Space Station , na
iran, latin america, bbc news
iran, lebanon, Ahmadinejad ,
iran, nuclear weapons, bbc news
iran, wikileaks, bbc news
iraq, al-qaeda, sunita kureishi,
iraq, nasras ismail, bbc news, b
ireland, bbc news, eu
islam, bbc news, biodun iginla
israeli-palestinian conflict, na
italy, eurozone crisis
ivory coast, bbc news
James MacArthur, hawaii five-O
Jamie Paulin-Ramirez, biodun igi
jane hansher, biodun iginla
japan, bbc news, the economist
jerry brown, bbc news
Jerry Brown, suzanne gould, bbc
jill clayburgh, bbc news
Jody Weis, chicago police, bbc n
John Paul Stevens, scotus,
juan williams, npr, biodun iginl
judith stein, bbc news
Justice John Paul Stevens, patri
K.P. Bath, bbc news, suzanne gou
keith olbermann, msnbc, bbc news
kelly clarkson, indonesia, smoki
kenya, bbc news, police
Khodorkovsky, bbc news
Kyrgyz, maria ogryzlo, bbc news,
le monde, bbc nerws
le monde, bbc news, biodun iginl
lebanon, nasra ismail, biodun ig
Lech Kaczynski
libya, gaddafi, bbc news,
london ftse, bbc news
los alamos fire, bbc news
los angeles, bbc news, suzanne g
los angeles, suzanne gould, bbc
LulzSec, tech news, bbc news
madoff, bbc news, suicide
marijuana, weed, bbc news, suzan
Martin Dempsey, bbc news
maryland, bbc news
media, FAIR, bbc news
media, free press, fcc, net neut
media, media matters for america
media, mediabistro, bbc news
melissa gruz, bbc news, obama ad
mexican drug cartels, enrique kr
mexican gas explosion, bbc news
mexican's execution, bbc news
Michael Skakel, emily straton, b
Michelle Obama, bbc news
michigan militia, suzanne gould,
middle-class jobs, bbc news
midwest snowstorm, bbc news
Mikhail Khodorkovsky, bbc news
minnesota public radio
moveon, bbc news, biodun iginla
msnbc, david shuster, bbc news
mumbai attacks, bbc news
myanmar, burma, bbc news
nancy pelosi, us congress, bbc n
nasra ismail, israeli-palestinia
Natalia Lavrova, olympic games,
Nathaniel Fons, child abandonmen
nato, afghanistan, bbc news
nato, pakistan, sunita kureishi,
nelson mandela, bbc news
nestor kirchner, bbc news
net neutrality, bbc news
new life-forms, bbc news
new year, 2011, bbc news
new york city, homelessness, chi
new york snowstorm, bbc news
new zealand miners, bbc news
News Corporation, bbc news
news of the world, bbc news
nick clegg, uk politics, tories
nicolas sarkozy, islam, natalie
nigeria, Goodluck Jonathan, toku
nobel peace prize
nobel peace prize, bbc news, bio
noreiga, panama, biodun iginla,
north korea, bbc news, nuclear p
npr, bbc news, gop
npr, media, bbc news
ntenyahu, obama, bbc news
nuclear proliferation, melissa g
Nuri al-Maliki, iraq, biodun igi
nytimes dealbook, bbc news
obama, bill clinton, bbc news
obama, biodun iginla, bbc news
oil spills, bbc news, the econom
olbermann, msnbc, bbc news
Omar Khadr, bbc news
Online Media, bbc news, the econ
pakistan, sunita kureishi, bbc n
paris airport, bbc news
Pedro Espada, suzanne gould, bbc
phone-hack scandal, bbc news
poland, maria ogryzlo, lech Kac
police brutality, john mckenna,
police fatalities, bbc news
Pope Benedict XVI, natalie de va
pope benedict, natalie de vallie
popular culture, us politics
portugal, bbc news
Potash Corporation, bbc news
prince charles, bbc news
prince william, katemiddleton, b
pulitzer prizes, bbc news, biodu
qantas, airline security, bbc ne
racism, religious profiling, isl
randy quaid, asylum, canada
Ratko Mladic, bbc news
Rebekah Brooks, bbc news, the ec
republicans, bbc news
richard holbrooke, bbc news
Rick Santorum , biodun iginla, b
robert gates, lapd, suzanne goul
rod Blagojevich, suzanne gould,
roger clemens, bbc news
russia, imf, bbc news, the econo
russia, maria ogrylo, Lech Kaczy
san francisco crime lab, Deborah
sandra bullock, jess james, holl
SARAH EL DEEB, bbc news, biodun
sarah palin, biodun iginla, bbc
sarkosy, bbc news
saudi arabia, indonesian maid, b
saudi arabia, nasra ismail, bbc
Schwarzenegger, bbc news, biodun
science and technology, bbc news
scott brown, tufts university, e
scotus, gays in the military
scotus, iraq war, bbc news, biod
sec, judith stein, us banks, bbc
Senate Democrats, bbc news, biod
senegal, chad, bbc news
seward deli, biodun iginla
shanghai fire, bbc news
Sidney Thomas, melissa gruz, bbc
silvio berlusconi, bbc news
single currency, bbc news, the e
snowstorm, bbc news
social security, bbc news, biodu
somali pirates, bbc news
somalia, al-shabab, biodun iginl
south korea, north korea, bbc ne
south sudan, bbc news
spain air strikes, bbc news
spain, standard and poor, bbc ne
state of the union, bbc news
steve jobs, bbc news
steven ratner, andrew cuomo, bbc
Strauss-Kahn, bbc news, biodun i
sudan, nasra ismail, bbc news, b
suicide websites, bbc news
supreme court, obama, melissa gr
sweden bomb attack, bbc news
syria, bbc news
taliban, bbc news, biodun iginla
Taoufik Ben Brik, bbc news, biod
tariq aziz, natalie de vallieres
tariq azziz, jalal talbani, bbc
tea party, us politics
tech news, bbc, biodun iginla
technology, internet, economics
thailand, xian wan, bbc news, bi
the economist, biodun iginla, bb
the economsit, bbc news, biodun
the insider, bbc news
tiger woods. augusta
timothy dolan, bbc news
Timothy Geithner, greece, eu, bi
tornadoes, mississippi, suzanne
travel, bbc news
tsa (travel security administrat
tsumami in Indonesia, bbc news,
tunisia, bbc news, biodun iginla
turkey, israel, gaza strip. biod
Turkey, the eu, natalie de valli
twincities daily planet, bbc new
twincities.com, twin cities dail
twitter, media, death threats, b
Tyler Clementi, hate crimes, bio
uk elections, gordon brown, raci
uk phone-hack, Milly Dowler
uk tuition increase, bbc news
un wire, un, bbc news, biodun ig
un, united nations, biodun iginl
unwed mothers, blacks, bbc news
upi, bbc news, iginla
us billionaires, bbc news
us economic downturn, melissa gr
us economy, us senate, us congre
us empire, bbc news, biodun igin
us housing market, bbc news
us jobs, labor, bbc news
us media, bbc news, biodun iginl
us media, media matters for amer
us midterm elections, bbc news
us midterm elections, melissa gr
us military, gay/lesbian issues
us politics, bbc news, the econo
us recession, judith stein, bbc
us stimulus, bbc news
us taxes, bbc news, the economis
us, third-world, bbc news
vatican, natalie de vallieres
venezuela, bbc news
verizon, biodun iginla, bbc news
volcanic ash, iceland, natalie d
volcanis ash, bbc news, biodun i
wal-mat, sexism, bbc news
wall street reform, obama, chris
wall street regulations, banking
warren buffett, us economic down
weather in minneapolis, bbc news
white supremacist, Richard Barre
wikileaks, bbc news, biodun igin
wvirginia coal mine, biodun igin
wvirginia mines, biodun iginal,
xian wan, china , nobel prize
xian wan, japan
yahoo News, biodun iginla, bbc n
yahoo, online media, new media,
yemen, al-qaeda, nasra ismail, b
zimbabwe, mugabe, biodun iginla


Biodun@bbcnews.com
Sunday, 12 December 2010
Pouring More Money and Blood IntoAfghanistan Is Unacceptable
Topic: afghanistan, bbc news, the econo

By Edward Koch

Arizona has decided it can no longer fund the costs of organ transplantsfor those on Medicaid. Nineteen people, who could have had organ transplants (the organs were donated), but couldn’t finance the medical costs themselves, died. This is unacceptable when we are pouring billions a month into the financing of the Afghan war.

Worse still, President Obama has decided that we are no longer getting out in 2011 and announced a new date of 2014, which you can be sure will be extended. The latest outrage is that our soldiers are being shot and killed by the very Afghans they are training to defend their own country.

Six American soldiers were shot and killed last week by an Afghan border guard in training. There have been a number of such incidents. We should get out of Afghanistan immediately.

The Times on Dec. 2 described the Afghan government as follows: “From hundreds of diplomatic cables, Afghanistan emerges as a looking-glass land where bribery, extortion and embezzlement are the norm and the honest man is a distinct outlier.”

Who can defend offering up American lives and treasure to support such a country? If terrorist camps reopen when we leave, bomb them incessantly with drones and other aircraft and use special forces to conduct surgical — in and out — strikes.


Posted by biginla at 8:54 PM GMT
FabLab (the artist and her archive)--presented by Biodun Iginla, BBC News
Topic: dorit cypis, bbc news, community
 

(Disclosue: Dorit Cypis and I are friends, and have been since 1998) 

 

 

 

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Sunday , December 12 , 2010

announcing, FabLab (the artist and her archive)

announcing, FabLab (the artist and her archive)

 18th Street Art Center’s

Status Report: Creative Economy

presents a performance event

by Dorit Cypis

Fablab: looking for patterns, the artist and her archives

Saturday December 18, 2010

4:00 - 5:00pm

 5:00 - 6:00pm

18th Street Gallery

Olympic Blvd and 18th Street, Santa Monica, CA

Limited seating

Please RSVP the time slot you wish to attend at rlopez@18thstreet.org

To explore the question posed by 18th Street Art Center, “what is the status of a creative economy today?”, Dorit Cypis has been developingFabLab (looking for patterns of inner and inter action) since October 2010 as a personal research lab of text, image, prop and multi mediacollected by the artist over the last 30+ years. 

The gallery has been converted into an immersive shifting terrain evidencing overlapping and dissonant patterns in Cypis' seminal investigations on interiority and the world. In FabLab (the artist and her archive), the artist performs her immersive archive as a labyrinth of memory, history, myth, fantasy, dream, family, and desire. The room becomes a loom and the artist becomes a weaver of storiesportals to a magical realism of personal, cultural and political histories that perplex and inspire. 

FabLab disturbs the threshold of what is private and what is public, placing the artist at a critical point between object/text and audience to provoke engagement and discourse as a contingent part of the artistic process and to suggest that a creative economy must consist of inner and inter exchange. 

Unsubscribe | Forward to a Friend | FaceBook | LinkedIn

Dorit Cypis, director
970 North Broadway, Studio 210
Los Angeles, California, 90012
323-356-5003
dorit@doritcypis.com
www.foreignexchanges.net

POWERED BY FEFIFOLIOS

 

 

Posted by biginla at 8:21 PM GMT
Wikileaks: Brazil vulnerable to terrorism
Topic: wikileaks, bbc news, biodun igin


 
by Enrique Krause for the BBC's Biodun Iginla 
 
Sunday, December 12, 2010; 12:56 PM

 

SAO PAULO, Brazil -- The 2009 crash of a stolen plane near the capital city of Brasilia exposed Brazil's vulnerability to terrorist acts, said a U.S. diplomatic cable released Sunday by WikiLeaks.

On March 12, 2009, a man kidnapped his 5-year-old daughter, hijacked a small plane, and flew around of the city of Goiania for two hours before crashing into the parking lot of a shopping mall, killing himself and the girl. The crash "highlighted a vulnerability to potential terrorist actions," then-Ambassador Clifford Sobel wrote in a memo.

Brazilian authorities considered shooting down the plane, which had no flight plan and was viewed as a threat, according to the March 28, 2009, report. Air defense authorities followed the country's shootdown procedure, illustrating "the extreme caution with which a possible shootdown is approached, the broad understanding of the shootdown policy among air traffic controllers and the fact that the procedures are executed as written," Sobel said.

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However, the procedure wasn't fast enough: The plane went down while the decision went up the chain of command.

"The deliberate approach to a shootdown decision highlighted a vulnerability to potential terrorist actions given that a decision would not have been made in time to stop the pilot had he been able to crash into his target or another building, including in Brasilia," Sobel said in the memo.

He said the vulnerability was due in part to the fact that a 2004 law that allows Brazilian air force planes to shoot down small aircraft was aimed at curbing drug smuggling not terrorist attacks.

The law seeks to seal off the Amazon jungle route to drug traffickers. Most of the cocaine trafficked through Brazil comes through the border region from neighboring Colombia,Bolivia and Peru.

Under the law, a long list of precautionary steps must be taken before the shootdown order is given.

Air force pilots must make visual contact with a suspected plane, try to make radio contact, try to change the plane's route and fire warning shots before seeking authorization to shoot the aircraft.


Posted by biginla at 7:38 PM GMT
Updated: Sunday, 12 December 2010 7:44 PM GMT
The Political Economy of the Euro-Zone Crisis
Topic: eurozone crisis, bbc news

by Kenneth Anderson for the BBC's Biodun Iginla

In this week’s Weekly Standard, Christopher Caldwell of the WS and FT has an essay specifically on the political economy of the euro-zone crisis, Euro Trashed: Europe’s Rendezvous with Monetary Destiny.  He notes that the European Union is built on a theory of successive crises, and that the euro was foreseen, perhaps intended, to provoke a crisis that would lead toward greater union; he quotes some of its founding fathers to that end.  (I think he might have added the dialectical ideology that underlay that sentiment, but does not.):

As we contemplate the macroeconomic storm that is now passing through Europe, we must bear in mind that this is a storm that the EU’s promoters knew would come. The euro’s designers understood Rahm Emanuel’s philosophy about not letting a crisis go to waste. “Europe will be forged in crises,” the European Community’s founding father Jean Monnet wrote in his memoirs, “and it will be the sum of the solutions brought to these crises.” When the French statesman Jacques Delors laid out his plan for the euro in the late 1980s, he drew a clear trajectory: A common market had made possible a common currency. A common currency would make possible a common government.

But how would that happen? After all, if a currency worked well within the existing political arrangements, there would be no reason for those arrangements ever to change. New institutions could result only from the currency’s blowing up. Economic crisis would be the accidentally-on-purpose pretext for replacing a system based on parliamentary accountability with a system based on the whims of a handful of experts in Brussels. Europe’s countries now face the choice of giving up either their newfangled money or their ancient national sovereignties. It is unclear which they will choose.

Toward the end, the essay points out that although Greece is every bit as corrupt and profligate as the newspapers suggest, that was not the case with Spain, nor with Ireland, certainly not in the sense of Greece.  That is, Spain had quite good fiscal management and undertook measures that were thought quite strict at the time to protect its banks from the subprime crisis in the US, while many other European banks were as much a part of it as the US ones.  True, Spain’s economy has many structural problems - a sclerotic labor market for those in the protected sectors and, today, unemployment for everyone else.

But the adjustment mechanisms by which democratic market societies overcome interest group recalcitrance - monetize the debt and let devaluation lower wages (behind the veil of money, as we Marxists like to say) - were not available to it, having joined the euro.  Spain was overcome by a one-size fits all monetary policy, which to overcome in a democratic society through internal fiscal and regulatory means alone would require superhuman willpower (and perhaps, in the regulatory arrangement of the EU and eurozone at this moment, could not be achieved in any case, on account of too many arbitrage avenues around internal controls, of the kind designed for the purpose of one-size fits all):

The euro is an end-of-history currency. The late Dutch central banker Wim Duisenberg called it “the first currency that has not only severed its link to gold, but also its link to the nation state” … Fans of the euro used to sell this post-national vision as a matter of hope. But today they are just as happy to sell it with fear. France’s finance minister, Christine Lagarde, told a German newspaper recently that any wavering from European unity would be a “disaster.” She said, “We need to go further towards a convergence of our economic policies.” One need not be particularly ideological to feel this way. One need only assume that, when economics speaks, politics must fall into line.

Last summer, at the height of the Greek debt crisis, economists looked ahead to other problem countries and came to the uncomfortable conclusion that most of them had not been badly, incompetently, or corruptly run. There were exceptions, of course. Greece was corrupt by any historical or geographical standard. It would today be a basket case whether it had been using the euro, the drachma, or wampum. Ireland’s ruling Fianna Fáil party certainly retained elements of the traditional cronyism that is Irish political culture’s besetting sin, and which no one who has observed Boston politics for even a week will fail to recognize.

But these are not the main problems the euro has wrought. The big damage has been in the private, not the public, sector. Politicians in Ireland may have got the occasional backhander from an unscrupulous property developer, but in the quantitative terms of balancing the budget, the Irish were model fiscal stewards until the property market collapsed. Greece itself proved contagious partly because of the private-sector trade imbalances the euro created, which left French and German banks searching for debt to invest in. It was the Western private sector, as much as the Greek public sector, that rendered Greece too big to fail and put an end to the EU’s no-bailouts rule.

And then there is Spain, the other country whose rescue appears to be coming as inevitably as Christmas. Spain not only balanced its budget—it took precautions to keep its home lending sector from overheating. Unfortunately, even that was not enough to keep the artificially low real interest rates that the euro gave it from doing their damage. According to the Spanish macroeconomist Angel Ubide, Spain “probably should have been running fiscal surpluses of the order of 5–6 percent of GDP to offset the negative real interest rate its borrowers enjoyed.”

Well, as an economic matter, yes. Just as, as an economic matter, the United States should probably have been running surpluses to prepare for the wave of Baby Boom retirements that are fast approaching. But how would you have explained that to the Spanish people? Money burns a hole in the pocket of a democratic electorate. Voters hate reserves, surpluses, or any kind of money lying around. What do they call a 5–6 percent surplus? They call it “my money.”

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One Response

  1. “Politicians in Ireland may have got the occasional backhander from an unscrupulous property developer, but in the quantitative terms of balancing the budget, the Irish were model fiscal stewards until the property market collapsed.”
     
    This is in fact very wrong.  Summary notes from “A Preliminary Report on The Sources of Ireland’s Banking Crisis” commissioned by Brian Lenihan (Minister for Finance and a Teachta Dála (TD):
     
    1.       The response of supervisors to the build-up of risks, despite a few praiseworthy initiatives that came late in the process, was not hands-on or pre-emptive. To some degree, this was in tune with the times. The climate of regulation in advanced economies had swung towards reliance on market risk assessment. Domestically, moreover, there was a socio-political context in which it would have taken some courage to act more toughly in restraining bank credit. The weakness of supervision in Ireland contrasts sharply, however, with experience in those countries where supervisors, faced with evident risks, acted to stem the tide.
     
    2.       For a long time, Ireland’s overall fiscal policy was considered to be exemplary because the country achieved fiscal surpluses every year from the mid-1990s to 2006, including the creation of a Pension Reserve Fund to make budget surpluses politically more acceptable.
     
    3.       However, the nominal budget figures mask an underlying deterioration in the fiscal situation after 1999. The cyclically-adjusted fiscal surplus was rather small during much of the last decade according to the data available at the time. As already mentioned, statistical tools to capture the full impact of asset bubbles on tax revenue are not well developed, otherwise it would have become clearer much earlier that the structural, underlying fiscal balance was much less favourable than assumed at the time. The IMF estimates now that in 2007, when the headline budget was approximately in balance, the underlying, structural deficit (taking into account the large positive output gap and the effects of the asset price bubble) had deteriorated to 8 ¾ percent of potential GDP and amounted to 4 to 6 percent in the run-up to the crisis.The conclusion is that overall fiscal policies were pro-cyclical during most years up to, and including particularly, 2007 thus adding markedly to the overheating of the economy.
     
    Therefore, the electorate of Ireland were the wrong model of “fiscal stewards” due to the ineffective management of the fiscal bottom line. Ireland’s Exchequer did not have significant levels of money and regulators had rather poor counter-cyclical provisions. Regulators could have devised and implemented a decisive macro-prudential strategy that would dampened the property boom. But no, supervisory analysis and implementation fell short in these areas, macro-prudential risk, where the IMF, as noted in the Preliminary Report had hoped that a prudential framework would have proved valuable did not happen.
     
    There is no question that a prudential framework could have been made to work sufficiently well to mitigate the impact of the credit/property cycle—instead we have a country dragged down and a journalist that is misinformed on the fiscal facts and scapegoating the “private sector” while praising the “public sector”–which instead needs maximum admonishment.


Posted by biginla at 4:56 PM GMT
Obama tries to repair WikiLeaks damage
Topic: wikileaks, bbc news, biodun igin
Dec 12, 2010

Posted by biginla at 3:13 PM GMT
WikiLeaks backlash: The first global cyber war has begun, claim hackers
Topic: wikileaks, bbc news, biodun igin

As Julian Assange is held in solitary confinement at Wandsworth prison, the anonymous community of hacktivists takes to the cyber battlefields

Julian AssangeWikiLeaks founder Julian Assange. Photograph: Lennart Preiss/AP

He is one of the newest recruits to Operation Payback. In a London bedroom, the 24-year-old computer hacker is preparing his weaponry for this week's battles in an evolving cyberwar. He is a self-styled defender of free speech, his weapon a laptop and his enemy the US corporations responsible for attacking the website WikiLeaks.

He had seen the flyers that began springing up on the web in mid-September. In chatrooms, on discussion boards and inboxes from Manchester to New York to Sydney the grinning face of a Guy Fawkes mask had appeared with a call to arms. Across the world a battalion of hackers was being summoned.

"Greetings, fellow anons," it said beneath the headline Operation Payback. Alongside were a series of software programs dubbed "our weapons of choice" and a stark message: people needed to show their "hatred".

Like most international conflicts, last week's internet war began over a relatively modest squabble, escalating in days into a global fight.

Before WikiLeaks, Operation Payback's initial target was America's recording industry, chosen for its prosecutions of music file downloaders. From those humble origins, Payback's anti-censorship, anti-copyright, freedom of speech manifesto would go viral, last week pitting an amorphous army of online hackers against the US government and some of the biggest corporations in the world.

Charles Dodd, a consultant to US government agencies on internet security, said: "[The hackers] attack from the shadows and they have no fear of retaliation. There are no rules of engagement in this kind of emerging warfare."

The battle now centres on Washington's fierce attempts to close down WikiLeaks and shut off the supply of confidential US government cables. By Thursday, the hacktivists were routinely attacking those who had targeted WikiLeaks, among them icons of the corporate world, credit card firms and some of the largest online companies. It seemed to be the first sustained clash between the established order and the organic, grassroots culture of the net.

But the clash has cast the spotlight wider, on the net's power to act as a thorn not only in the side of authoritarian regimes but western democracies, on our right to information and the responsibility of holding secrets. It has also asked profound questions over the role of the net itself. One blogger dubbed it the "first world information war".

At the heart of the conflict is the WikiLeaks founder, the enigmatic figure of Julian Assange – lionised by some as the Ned Kelly of the digital age for his continued defiance of a superpower, condemned by his US detractors as a threat to national security.

Calls for Assange to be extradited to the US to face charges of espionage will return this week. The counteroffensive by Operation Payback is likely to escalate.

The targets include the world's biggest online retailer, Amazon – already assaulted once for its decision to stop hosting WikiLeaks-related material – Washington, Scotland Yard and the websites of senior US politicians. There is talk of infecting Facebook, which last week removed a page used by pro-WikiLeaks hackers, with a virus that spreads from profile to profile causing it to crash. No one seems certain where the febrile cyber conflict will lead, only that it has just begun.

 

London

At 9.15am last Tuesday a thin, white-haired figure left the Frontline Club, the west London establishment dedicated to preserving freedom of speech, and voluntarily surrendered to police. After two weeks of newspaper revelations concerning countries from Korea to Nigeria, and figures such as Silvio Berlusconi and Prince Andrew, a warrant for Assange's arrest had just been received by British police. It was from Swedish prosecutors eager to question him on unrelated allegations of rape.

The response to WikiLeaks' cable release had been savage, particularly in the US. Mike Huckabee, a former Arkansas governor, said those who passed the secrets to Assange should be executed. Sarah Palin demanded Assange be hunted in the same way an al-Qaida operative would be pursued. The US attorney general Eric Holder ordered his officials to begin a criminal investigation into Assange with the intention of putting him on trial in the US. News of his arrest, even on unrelated charges, pleased the US authorities. "That sounds like good news to me," said Robert Gates, US secretary of defence.

Yet even as Assange prepared to appear in a London court last week, an unlikely alliance of defenders had begun plotting to turn on the forces circling WikiLeaks. They were beginning to attack Amazon, which had been persuaded to sever links with WikiLeaks by Joe Lieberman, who heads the US Senate's homeland security committee; they also hit every domain name system (DNS) that broke WikiLeaks.org's domain name: Mastercard, Visa and Paypal, which stopped facilitating donations to the site, and the Swiss post office which froze WikiLeaks' bank account.

Operation Payback was hitting back alongside a fledgling offshoot, Operation Avenge Assange, both operating under the Anonymous umbrella. These are a loose alliance of hackers united by a near-obsessive desire for information libertarianism who congregate on the website 4Chan.org.

The cyberwar did not only involve obvious symbols of authority, though. For days, from their darkened chatrooms, the Anonymous ones had been watching a hacker called the Jester who seemed to be co-ordinating a series of attacks on internet service providers hosting WikiLeaks. They had noticed the Jester's pro-censorship credentials, deducing he must be receiving help. Speculation mounted that the Jester was a shadowy conduit working at the behest of the US authorities. "We wondered who was really behind his anti-WikiLeaks agenda," said a source.

Attempts to railroad WikiLeaks off the net quickly failed. Removing its hosting servers has increased WikiLeaks' ability to stay online. More than 1,300 volunteer "mirror" sites, including the French newspaperLibération, have already surfaced to store the classified cables. Within days the WikiLeaks web content had spread across so many enclaves of the internet it was immune to attack by any single legal authority.

In some respects, WikiLeaks has never been safer or as aggressively defended. As Assange was remanded in custody and taken to Wandsworth jail, Anonymous vowed to "punish" the institutions that had axed links with the website under pressure from the US authorities. The websites of Visa, Mastercard and PayPal were brought down; so too the Swedish government's.

One Anonymous hacker said: "I've rambled on and on about the 'oncoming internet war' for years. I'm not saying I know how to win. But I am saying the war is on."

 

Stockholm

Unsurprisingly, the timing of Assange's arrest and aspects of Sweden's initial handling of the sexual allegations prompted his lawyer Mark Stephens to denounce the moves as politically motivated. A computer hacker himself, Assange, 39, achieved both instant notoriety and adulation when WikiLeaks published batches of damaging US files relating to the Afghan war in July. This fame led him to Stockholm a month later to deliver a lecture entitled: "Truth is the first casualty of war." It was a sellout. One leftwing commentator likened it to "having Mick Jagger in town".

That night – 14 August – Assange stayed with the conference organiser at her flat in Södermalm, a former working class area of the city centre that has become Stockholm's equivalent of London's Islington. Three days later, in keeping with his habit of regularly changing addresses, Assange stayed in Enköping, a town 100 miles from Stockholm, with another woman who had also attended his lecture on the importance of truth in a war zone.

Assange left Sweden on 18 August and the women went together to the police the next day. According to Claes Borgström, their lawyer, the women did not know each other before going to the police. Initially, he said, the women wanted some advice, but the police officer concluded a crime had been committed and contacted the duty public prosecutor.

In court last week Assange was alleged to have had sex with unlawful coercion with a woman who was asleep and to have sexually molested the other by having sex without a condom.

In Sweden, among the country's community of hackers and left-leaning political activists, the timing is viewed as coincidental rather than conspiratorial.

"The Americans are very lucky indeed that Assange screwed around in Sweden, a society which takes rape allegations very seriously,'' said Åsa Linderborg, culture editor of the leftwing Aftonbladet tabloid. Film-maker Bosse Lindquist, whose WikiLeaks investigation will be broadcast on Swedish TV tonight, and who has spent many hours with Assange over the past few months, said Assange's attitude to women did not seem in any way striking.

"If you look at the two prosecutors involved in investigating the rape allegations, they are not types you would imagine bowing to any kind of pressure from, say, the Swedish government or the United States.''

A senior civil servant, who requested anonymity, also dismissed allegations of political plotting against Assange, arguing that Swedish culture is often misunderstood. "Swedes do not have an iconoclastic tradition in which you build people up then demolish their reputations. Even when people are celebrities, we accept that they may have questionable private lives. Swedes are capable of seeing the advantages of WikiLeaks while conceding that Assange may have unsavoury morals between the sheets.''

Linderborg, though, says there is a widespread sense in Sweden that Assange's rise to fame fuelled his libido and ego.

"Plenty of women are attracted by his underdog status and the supposed danger of spending time with him. He has several women on the go at once. One person told me he screws more often than he eats,'' Linderborg said.

Of course, given the nature of the web, the allegations have triggered a series of attacks on both women's characters with lurid claims of "women who cry rape" and "bitches trying to send an innocent man to prison".

 

Operation Payback

Those monitoring the chatrooms used by Operation Payback say its hackers have set aside the sexual allegations, instead concentrating their efforts on amassing greater potency for the next phase of the WikLeaks fightback. The weapons deployed last week were "denial of service" attacks in which online computers are harnessed to jam target sites with mountains of requests for data, knocking them out of commission.

The initial attacks against the Swiss PostFinance required about 200 computers, according to one Anonymous source. Yet within a day hackers were able to recruit thousands more pro-WikiLeaks footsoldiers. By the time the Visa and Mastercard websites were disrupted last Wednesday, close to 3,000 computers were involved.

Anonymous leaders began distributing software tools to allow anyone with a computer to join Payback. So far more than 9,000 users in the US have downloaded the software; in second place is the UK with 3,000. Germany, the Netherlands, Canada, France, Spain, Poland, Russia and Australia follow with more than 1,000. The 11th country embroiled in the attacks is Sweden, where WikiLeaks's massive underground servers are housed, with 75 downloads.

Sean-Paul Correll, a cyber threat analyst at Panda Security, who has monitored Operation Payback since its conception, said it was impossible to "profile" those involved. "They are anonymous and they are everywhere," he said. "They have day jobs. They are adults and kids. It is just a bunch of people." Middle-class professional members working alongside self-styled anarchists.

Ostensibly, Anonymous is a 24-hour democracy run by whoever happens to be logged on; leaders emerge and disappear depending on the target that is being attacked and the whims of members. Correll said: "This group does not exist with some sort of hierarchy. It exists with a few organisers but these can change at any time. That gives the group great power in that it is impossible to trace and define. At the same time it is also a source of weakness as its actions can be unfocused."

Ideas are floated on internet bulletin boards, whose location moves daily to evade detection. Ultimately a proposal hits a democratic "tipping point" and action is taken.

A major test of Payback's mounting firepower will be Amazon, given the size of its servers. The attempt to attack the site last Thursday was half-hearted, but nevertheless audacious. Now sources estimate they would need between 30,000 and 40,000 computers to hurt Amazon and there is a growing feeling among hacktivists that it could happen. If it does, the retailer could lose millions of dollars during the Christmas season.

So far, though, most of the attacks have been principally designed to register protest rather than destabilise companies financially, opting for their public websites rather than their underlying infrastructure.

Two of the internet's most important social networking sites – Twitter and Facebook – are also becoming targets of elements within Anonymous.

Twitter upset hackers last week by removing the Anonymous account – which had 22,000 followers – amid speculation that it was preventing the term #wikileaks appearing on its trending topics. The Anonymous page on Facebook was removed for violating its conditions, a move that has similarly annoyed a cohort of hackers. Both Facebook and Twitter have won praise in recent years as outlets for free speech, yet both also harbour corporate aspirations that hinge on their ability to serve as advertising platforms for other companies.

Their use by Anonymous to direct people planning attacks has, according to many analysts, placed both in a difficult position. Facebook, which still has sites eulogising murderer Raoul Moat and Holocaust deniers, said it drew the line on groups that attack others, a bold move considering the site's WikiLeaks page boasts more than 1.3 million supporters. Any evidence that both sites yielded to US pressure and the gloves would be off. So too for any organisation that yields to American demands over WikiLeaks.

Evgeny Morozov, author of The Net Delusion, a book which argues the internet has failed to democraticise the world successfully, believes the attacks are already viewed by Washington "as striking at the very heart of the global economy".

Another emerging target in the weeks ahead is the US government itself. For a brief time last Tuesday, senate.gov – the website of every US senator – went down. Cyberguerillas claim it is a possible sign of things to come.

 

The future

The trajectory of the WikiLeaks controversy is almost impossible to predict. On Tuesday Assange will attend his next bail hearing. Although supporters have stumped up £180,000, it is expected bail will be refused, pending a full hearing of Sweden's extradition request. However his lawyer may also reveal fresh claims of US interference in the saga.

Regardless of the fate of its founder, WikiLeaks will continue releasing declassified cables. At the moment only several hundred of 250,000 cables have been publicised.

Analysts now describe the organisation's structure as a "networked enterprise", a phrase that has been used in the past in relation to al-Qaida.

For all the US attempts, it is clear the attacks on WikiLeaks have made minimal impact and are unlikely to affect the availability of the information that WikiLeaks has already leaked.

Meanwhile, Senator Lieberman has indicated that the New York Timesand other news organisations using the WikiLeaks cables may be investigated for breaking US espionage laws. At present, who will win the "world's first information war" remains unclear.

Morozov said: "There will be many more people from the CIA and NSA [National Security Agency] hanging out around them."

But the conflict increasingly seems likely to target the real profits of US corporations. Today a 24-year-old from London will ready his weapons for the battle ahead.


Posted by biginla at 2:39 PM GMT
Fees protester made 'contact' with Camilla says May
Topic: camilla parker-bowles, bbc news
Charles and Camilla in carCamilla and Charles found themselves in the middle of the protest

by Emily Straton, BBC News Senior Analyst, for the BBC's Biodun Iginla, who is in transit from New York City to Minneapolis 

____________________________________ 

Home Secretary Theresa May has confirmed there was "contact" between the Duchess of Cornwall and one of the protesters who attacked her car.

But she did not confirm reports the duchess was poked with a stick during student protests on Thursday.

The Commissioner of the Metropolitan Police, Sir Paul Stephenson, has spoken to Prince Charles following the incident.

Overnight the police have issued images of 14 alleged rioters.

The BBC understands there have been some positive responses from members of the public to the release of the photos.

The protesters launched an attack on a car carrying Prince Charles and the Duchess of Cornwall as it passed along Regent Street.

Their Rolls-Royce was kicked, splashed with paint and a window was cracked to chants of "off with their heads".

There were reports Camilla was poked with a stick, through one of the car windows as the royal couple made their way to the London Palladium.

Mrs May told Sky News: "I'm not sure about the term 'poked with a stick'. I understand there was some contact made.

No resignation
The paint-spattered Rolls-RoyceMrs May said the Rolls-Royce may no longer be "appropriate transport"

"Again this is an incident that needs to be looked at by the Metropolitan Police. That is what they are doing. So we will very soon have the details of that.

"And obviously it will be for them to look at what happened and decide whether there are any lessons that need to be learned."

She said had not considered offering her resignation over the incident and added: "Of course that's an incredibly regrettable incident that took place.

"We should praise the Prince of Wales and the Duchess of Cornwall for their response - they carried on with the engagement they were doing that evening so they didn't let down the people who were expecting them."

A Clarence House spokesman confirmed Prince Charles and Sir Paul spoke following Thursday's incident.

A Scotland Yard spokesman declined to confirm reports the commissioner apologised personally to the Prince.

Six suspects who are wanted for questioning by policeThere have been 'positive responses' from the public to the release of the images

There has been speculation in the wake of the incident that the Prince of Wales may trade in his Rolls-Royce for a more secure vehicle.

Mrs May said the Phantom VI might not be "appropriate" for the purpose any more.

The car was a gift from the Car Association to the Queen in her Silver Jubilee year of 1977, but Mrs May said: "One of the issues that may very well be looked at is the question of the appropriate transport that is used by the Prince of Wales and Duchess of Cornwall."

Prime Minister David Cameron has said protesters who engaged in violence should face the "full force of the law".

Ms May is due to make a statement on the tuition fees protests in the House of Commons on Monday.

Officers have reviewed hours of CCTV footage as part of their investigations into the disorder and have appealed for the public's help in identifying suspects.

Detective Chief Superintendent Matthew Horne said: "The vast majority of the people we are seeking are suspected of committing serious offences of violent disorder and criminal damage."

He added: "The rights of protest and expression are important to us all.

"However, people breaking the law, endangering those protesting peacefully and committing offences such as this are criminals."

Scotland Yard has launched a "major criminal investigation", called Operation Malone, into all the tuition fee protests held from 10 November, when students stormed Tory headquarters in Millbank, up to Thursday's demonstration in Parliament Square.

A total of 175 people were arrested during the four demonstrations, including 34 who were detained on Thursday.

Police are urging people who can identify any of the suspects whose pictures it has released to call 020 8358 0100 or Crimestoppers on 0800 555111.


Posted by biginla at 2:11 PM GMT
Bioduniginla News by Biodun Iginla of the BBC
Topic: bbc news, biodun iginla, the eco

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Posted by biginla at 1:50 PM GMT
Three killed, dozens hurt in Bangladesh clashes
Topic: bangladesh clashes, bbc news

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by Susan Kumar, BBC News, for the BBC's Biodun Iginla

 

At least three people have been killed and dozens more injured when police in Bangladesh clashed with garment factory workers demanding better pay, police say.

Police used batons and tear gas to disperse thousands of protesters in Dhaka and Chittagong.

The unrest came a day after demonstrations shut down factories in southern Bangladesh.

The workers say wages have not gone up, even though rises were due last month.

Police tried to disperse protesters attacking factories and smashing vehicles in Chittagong Export Procession Zone (CEPZ) on Sunday, police official Reza al-Hasan said.

Local media said one of the men killed was a 35-year-old rickshaw puller in the southern city of Chittagong, but it was unclear how he had died.

All three victims were reportedly shot dead.

At least 50 people were injured during the unrest in Chittagong.

Almost all factories in the CEPZ are closed because of the protests, officials said.

The BBC's Anbarasan Ethirajan, in Dhaka, says demonstrations on Saturday forced a South Korean company to shut down all its eleven factories there.

Scores more were injured in the capital Dhaka, where thousands of workers gathered outside their factory in an industrial area of the city early in the morning in protest against its closure as a result of the disturbances.

Roads in Dhaka were blocked and at least two vehicles set on fire, police said.

Labour unions say many of the factories are not implementing the new salary scale announced by a government wage board earlier this year.

From November, the factories should have been paying a wage of at least $43 (£27) a month.

Around Dhaka, workers in some factories have been protesting for a number of days, demanding increased pay.

More than three million people, mostly women, work in Bangladesh's garment industry, which supplies many major western stores and is a key sector of the country's economy.

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  • ISAF troops in AfghanistanNato troops killed in Afghanistan

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Posted by biginla at 1:32 PM GMT
Stockholm blasts: Sweden probes 'terrorist attack'
Topic: sweden bomb attack, bbc news

by Natalie de Vallieres, BBC News EU Desk, for the BBC's Biodun Iginla


Police spokesman Ulf Goranzon says investigations are continuing 

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Two explosions in Sweden's capital Stockholm are being investigated as a "crime of terror", officials say.

A car blew up in a busy shopping area on Saturday afternoon, followed moments later by a second explosion nearby.

Witnesses said a man found dead after the second blast had been carrying an explosive device. Two people were hurt.

Swedish PM Fredrik Reinfeldt condemned the attacks as unacceptable in an open society with a functioning democracy that respects different cultures.

"Our democracy functions well," he told a press conference. "Those who feel frustration or anger have the opportunity to express it without resorting to violence."

Police are investigating an e-mail sent shortly before the blasts threatening attacks because Sweden had sent troops to Afghanistan.

Sweden has some 500 soldiers deployed in Afghanistan as part of the international military force.

Police are trying to work out whether the explosions were an isolated attack or part of a larger conspiracy, says the BBC's Steve Evans in Stockholm.

Muhammad cartoons

The e-mail, which was sent to the country's security service and the TT news agency, called for "mujahideen" - or Islamist fighters - to rise up in Sweden and Europe, promising Swedes would "die like our brothers and sisters".

It also attacked the country for caricatures of the Prophet Muhammad drawn by Swedish artist Lars Vilks.

A police forensics officer examines the area around the man killed in Stockholm, 11 DecemberA man found dead near the site of the second explosion has not been named

"The mail was about one man," police spokesman Ulf Goranzon told a press conference on Sunday.

"He was not satisfied with developments in Sweden regarding [the fact] that we have military troops in other countries, that there had been protests and that there have been said bad things about the Prophet [Muhammad]."

While the investigation is at an early stage, the nature of the explosions does look similar to previous attempted attacks in New York, Glasgow and London, says the BBC's defence and security correspondent, Nick Childs.

Saturday's blasts struck as people were out Christmas shopping.

Failed car bomb attacks

  • 2 May 2010: New York police defuse improvised car bomb after vehicle loaded with propane tanks, fireworks, petrol and a clock device is left parked in New York's Times Square
  • 30 June 2007: Jeep loaded with propane canisters driven into the glass doors of Glasgow airport and set ablaze. Driver Kafeel Ahmed dies from severe burn injuries. Passenger Bilal Abdulla, British-born Muslim of Iraqi descent, sentenced to 32 years for conspiracy to commit murder
  • 29 June 2007: Two cars containing petrol, gas cylinders and nails fail to explode in London. One device, left outside a nightclub, is defused after an ambulance crew spot smoke. The second is found after a car is towed from a nearby street where it had been parked illegally

The car exploded on the busy shopping street of Drottninggatan at 1700 (1600 GMT) and the second blast occurred 10 to 15 minutes later on a street about 300m away, police said.

The car had contained gas canisters and there were a series of minor explosions, a spokesman told the BBC.

A man found dead near the site of the second explosion has not been named.

Unconfirmed reports in Sweden's Aftonbladet newspaper said he had been carrying pipe bombs, as well as a backpack full of nails.

Eyewitnesses saw him lying on the ground with blood coming out of his stomach.

Tweeting about the blasts, Foreign Minister Carl Bildt said a terrorist attack that could have been "truly catastrophic" had failed.

In November, Sweden raised its terror alert level from low to elevated because of a "shift in activities" among Swedish-based groups thought to be plotting attacks.

A security official said the threat level had not been raised as a result of Saturday's attacks.

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Posted by biginla at 1:05 PM GMT

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