“Laurel: I’m incapable of small talk.”

March 30, 2007

classic Europe: New attack on private equity and hedge funds & Szarkozy crap… im surprised he hasnt mentioned 12th Imam:-)

Filed under: Global Macro (Life meal), Hedge Funds, Politics, stupidity — aletheia22 @ 7:53 pm

Leading Socialist deputies in the European parliament presented a report into the hedge fund and private equity sectors yesterday that advocated measures to curb the influence of activist investors on businesses and workers, or what the report calls the “real economy”. The intervention by parliament’s second-biggest political force is unlikely to lead to tougher rules for the industry by itself.

I don’t believe that the market will solve it and I don’t want to wait for a major crisis,” Ms van den Burg said.

http://www.ft.com/cms/s/63ac50a0-de5c-11db-afa7-000b5df10621.html

meanwhile at the same day :

Brussels shocked by Sarkozy rhetoric

shock” at the protectionist rhetoric of Nicolas Sarkozy, the leading challenger for the French presidency, saying it was in France’s interests to promote the European single market and cross-border investment

when he said :

“Look at the waste of Arcelor, which we sold off on the cheap because we believed that the steel industry was history. They got it wrong. They lied,” said Mr Sarkozy to a cheering crowd at Lille’s Palais des Congrès. “If I am president, then France will have a real industrial policy.”

he stepped up his attacks on the European Central Bank (ECB) and the euro. “If wages are too low, it is because the euro is too expensive and when the euro is too expensive, companies try to stay competitive by making up for it on wages,” he said.

http://www.ft.com/cms/s/4269a51a-de15-11db-afa7-000b5df10621.html

March 14, 2007

GE moves into alternatives and renewables : The fact is that capitalism and entrepreneurialism will solve these societal problems.”

Filed under: CO2, Politics — aletheia22 @ 10:35 am

CAMBRIDGE, Mass.–Rising energy demand worldwide and environmental concerns have made investments in energy technologies the most compelling in decades, General Electric CEO Jeffrey Immelt says. Financial stake in renewable energy
GE’s revenue from renewable energy–wind, solar and biomass–will be $7 billion in 2007. Five years ago, when it began ramping up investments, revenue was $5 million. Research and development dedicated to energy overall is about $2.5 billion per year.
http://news.zdnet.com/2100-9595_22-6166353.htmlThe fact is that capitalism and entrepreneurialism will solve these societal problems.”

March 12, 2007

Environmentalism is a religion! finally someone has said it

Filed under: CO2, Politics — aletheia22 @ 10:55 am

http://www.upi.com/InternationalIntelligence/czech_pres_environmentalism_is_a_religion/20070309-060020-3030r/

WASHINGTON, March 9 (UPI) — Environmentalism is a religion that is based more on political ambitions than science, the president of the Czech Republic warned Friday.
Speaking at the Cato Institute, a public policy think-tank, President Vaclav Klaus said that environmentalists who clamor for policy change to combat global warming “only pretend” to be promoting environmental protection, and are actually being driven by a political agenda.
“Environmentalism should belong in the social sciences,” much like the idea of communism or other “-isms” such as feminism, Klaus said, adding that “environmentalism is a religion” that seeks to reorganize the world order as well as social behavior and value systems worldwide.

As for government spending on global warming studies, the former finance minister and of the Eastern European nation and trained economist said that such efforts were a “waste of money,” adding that there was already sufficient scientific evidence for those seeking policy change to back up their proposals.

Meanwhile, he pointed out that those seeking to protect the environment could do a great deal under the existing political framework and with existing technologies, such as importing less goods from far-flung regions that require enormous jet fuel use.

Klaus concluded Friday his week-long tour of the United States, having met with a number of senior Bush administration officials, including Vice President Dick Cheney.

March 7, 2007

Russian coincidences spike in last few days

Filed under: Politics — aletheia22 @ 12:32 pm

Dead Russian reporter was investigating arms sales to Iran, Syria

http://www.breitbart.com/news/2007/03/06/070306201334.qse2sfab.html

Two americans treated for poisoning in Moscow

http://www.iht.com/articles/2007/03/06/news/poison.php

Expert on Soviet Intelligence Shot in Adelphi

 http://www.washingtonpost.com/wp-dyn/content/article/2007/03/02/AR2007030201679.html

February 12, 2007

new buzzword : “participative democracy”

Filed under: Political Science, Politics — aletheia22 @ 11:19 am

Ségolène Royal unveils far-left economic campaign platform

Sunday, February 11, 2007 in World Herald Tribune

ILLEPINTE, FranceSégolène Royal, the presidential candidate of the Socialist Party, unveiled a long- awaited platform on Sunday, veering sharply to the left on economic policy while also stressing discipline and “traditional values.” Ten weeks before the election, Royal is hoping to reverse a slide in popularity that has seen her lose ground to her main challenger, Interior Minister Nicolas Sarkozy.In a two-hour speech to about 10,000 supporters north of Paris, she laid out a 100-proposal platform, pledging to raise pensions, to increase the minimum wage to €1,500, or about $2,000, a month and to guarantee a job or further training for every youth within six months of graduating from university.

She also said that randomly selected citizens’ juries would watch over government policy and that juvenile delinquents could be placed in educational camps run by the military.

As if to preempt her opponents on the right, she stressed throughout her speech that her ideas had been nourished in 6,000 debates with citizens throughout France, a method she has called “participative democracy.”

“With me, politics will never again happen without you,” a combative Royal, 53, told the crowd of flag-waving supporters wearing her logo on T-shirts and stickers. “Today I offer you a presidential pact: 100 proposals for France to rediscover a shared ambition, pride and fraternity.”

Sunday marked the end of the two- month “listening phase” Royal decreed after her nomination in November. On her campaign Web site, a sky blue background was replaced by the blue, white and red of the national flag, and regional campaign teams were equipped with booklets summarizing her program.

In a sign that her recent decline in opinion polls has rallied some of the more skeptical members of her party, Royal’s speech was attended by all senior Socialists, including her two rivals for the nomination.

Cheered by supporters and frequently interrupted by applause, she spoke with more ease than usual. When she talked about France’s volatile suburbs, where riots erupted in November 2005 and high unemployment rates continue to curb the opportunities of second-generation immigrants, the emotion was evident on her face and in her voice.

“I want for the children in these suburbs what I want for my own children,” she said, clenching a fist before her bright-red blazer and prompting the crowd to erupt into a two-minute standing ovation.

A former schools minister, she vowed that she would tackle the social exclusion in the suburbs by reducing the number of students in classes. She also promised free tutoring for students that have difficulties keeping up, and workshops for parents to teach them how to discipline their children.

A substantial part of her speech was dedicated to social and economic issues, on which Royal took a hard-left line.

“The unfettered rein of financial profit is intolerable for the general interest,” she said. “You told me simple truths. You told me you wanted fewer income inequalities. You told me you wanted to tax capital more than labor. We will do that reform.”

Royal said she would tax companies in relation to what share of their profits is reinvested in equipment and jobs, and what portion is paid to shareholders. She also promised to abolish a flexible work contract for small companies and hold a national conference in June on how to increase salaries.

Indeed, she seemed to have something to offer to most groups in society without saying how much the combined measures would cost: Under her presidency, she said, young women would get free contraception, all young people would get access to a €10,000 interest- free loan and the handicapped would see their benefits rise.

Royal also spoke about foreign policy, an area where she has recently been accused of incompetence, following a series of highly publicized gaffes. She called for a European Union that “protects its citizens” and said that, as president, she would lobby for the European Central Bank to consider not just inflation but also employment and growth when it sets interest rates.

“I don’t want a Europe that is just a free-trade area attached to NATO,” Royal said. “Even less do I want a Europe where it’s everyone against everyone and social and fiscal dumping replaces solidarity.”

She also said she would pursue a “solid partnership” with the United States, but accused Washington of sometimes being carried away by its size and power. “Size has nothing to do with principles,” she said. Being less powerful “is never a reason to be silent, we saw that with Iraq, where the voice of France was not heard.”

She said she would break with “corrupt regimes” and be blunt with allied countries, including Russia, whose “war crimes in Chechnya” she condemned.

Her speech, which touched on everything from the environment to education policy, comes after weeks of criticism from the center-right, which assailed Royal for lacking ideas and a clear program.

Ahead in the polls until late last year, Royal has slipped behind Sarkozy since he was officially nominated on Jan. 14. The latest BVA poll, conducted last week, gave the interior minister a four- point lead over Royal in a straight run- off and suggested that François Bayrou, a centrist candidate, was gaining ground at her expense.

Even members of her own camp had grown impatient in recent weeks, eagerly awaiting her program. But on Sunday, supporters in the Villepinte convention center expressed hope that her performance would be enough to kick start her campaign.

“She was good, much better than usual,” said Marie-Pierre Grassineau, a 45- year-old social worker, who said she had feared Royal would disappoint in the face of inflated expectations. “At last the campaign can begin.”

In an apparent attempt to steal the limelight, Sarkozy chose Sunday to give a speech to 3,000 supporters in central Paris, vowing that if elected he would open his government to politicians outside his center-right party.

His Union for a Popular Movement party swiftly denounced Royal’s list of proposals as “archaic” and a return to old-school socialism.

Reminiscent of the 110 proposals that carried her mentor, François Mitterrand, to the Élysée Palace in 1981, Royal’s presidential platform will be filled out with more details in a series of high- profile campaign meetings over coming weeks.

February 5, 2007

Hillary at her best

Filed under: Politics, Stock market (Noon meals) — aletheia22 @ 12:49 pm

President Hillary Clinton started making policy today. At the DNC winter meetings in Washington she began to reveal some of the Clinton Part Deux agenda, which will kick into gear after her inauguration.

Yesterday Exxon declared the biggest profit in the entire history of capitalism — $39 billion — and that did not escape Hillary’s notice. Today she promised to tax Exxon on those huge profits, and tax those greedy capitalist pigs big time. Here’s her quote:

“I want to take those profits and put them into an alternative energy fund that will begin to fund alternative smart energy alternatives that will actually begin to move us toward the direction of independence.”

http://www.foxnews.com/story/0,2933,250060,00.html

Iranian idiots…how west deals with them…will define market reaction

Filed under: Politics, Stock market (Noon meals) — aletheia22 @ 7:41 am

its in a backdrop together with Iran and market prices will have to reflect that.  Question is timing…. on that  i have no clue whatsoever yet. Let the price action tell..in March? in June?….

Ahmadinejad: On February 11, Islamic Republic’s nuclear rights ‘will be established’ Iran: Giant achievements coming soon

Giant achievements” by Iran will be unveiled by its president, Mahmoud Ahmadinejad, in the coming days, the Iranian Fars news agency reported on Saturday.

  The Iranian news agency said an upcoming dramatic announcement on Iran’s nuclear “rights” would be made on February 11. The report was accompanied by a series of announcements heralding alleged Iranian technological and medical breakthroughs, including an “AIDS cure.”

  Ahmadinejad’s “administration is going to publicize the country’s remarkable progresses and achievements within the coming days,” the Fars news agency said.

“The Iranian president also reiterated that February 11 is the day when the Iranian nation’s inalienable right to access and use nuclear technology will be established,” the agency added.   

“The Iranian nation will celebrate stabilization and establishment of its nuclear rights during the Ten-Day Dawn, (sic)” Ahmadinejad was quoted as saying. The “ten-day dawn” in early February marks the date of the Islamic revolution in Iran in 1979.

http://www.ynetnews.com/articles/0,7340,L-3360816,00.html

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