miércoles, 8 de marzo de 2017

Las mujeres de los rojos ...

Manuela Delgado Fernandez
8 de marzo a las 22:25
Las mujeres de los rojos....

Quisiera escribir un himno

a un pobre racimo humano:

las mujeres de los rojos

que en España nos quedamos,

para las que no hubo escape,

Para las que no hubo barco.

Las que nos quedamos solas

con sus niños en los brazos.

Sin más sostén ni más fuerza

que el que daba el estrecharlos

como prendas de un amor

contra nuestros pechos flácidos.

Todos perdimos la guerra,

todos fuimos humillados.

Pero para las mujeres

el trance fue aún más amargo.

Largas colas en Porlier

con nuestros pobres capachos.

Caminatas bajo el sol

con los pies semi descalzos.

Caminatas sobre el hielo

tiritando en los harapos.

Largas, duras caminatas

en busca de algún trabajo.

Cansancio y humillación

si lograbas encontrarlo.

Y si no lo conseguías,

humillación y cansancio.

por el pan de nuestros hijos,

siempre un combate diario.

¡Esos días siempre solas,

esos días largos, largos,

que fueron semanas, meses,

que duraron tanto, tanto,

que entre dolor y entre lágrimas,

se convirtieron en años!.

Nuestros hombres en la cárcel,

nuestros hombres exiliados,

nuestros hombres cada día

cayendo como rebaños

en manos de furia ciega

de matarifes fanáticos.

Y las mujeres seguimos,

a nuestro modo luchando

y esa guerra, sólo nuestra

Esa guerra la ganamos.

Los hijos de nuestros hombres

Quedaron en nuestras manos

Y supimos inculcarles

un culto casi sagrado

Por los nuestros, los ausentes,

los padres que les faltaron.

Se los pusimos de ejemplo

porque siguieran sus pasos

y logramos convencerles

de que eran buenos y honrados,

aunque en la calle, en la escuela,

les dijeron lo contrario.

Éramos pobres mujeres

y supimos elevarnos

sobre el dolor, sobre el miedo,

sobre el hambre y el fracaso.

Y criamos nuestros hijos

dignos de sus padres, bravos,

serios, dignos, responsables.

Los íbamos cultivando

pilares para un futuro

que aún parecía lejano

y en el que siempre creímos

con los puños apretados.

Quisiera escribir un himno,

grande, estupendo, fantástico,

de pobres mujeres débiles

con heroísmos callados,

de esfuerzos y sufrimientos

que eran el vivir diario

Y, a pesar de ello supieron,

con un esfuerzo titánico

ir manteniendo la llama

de amor al padre lejano,

al padre que estaba preso

o al que habían fusilado.

Yo quisiera a voz en grito

poder entonar un cántico

Que dijera todo eso,

que bastante hemos callado.

Las mujeres de los rojos

que en España nos quedamos

creemos tener, al menos,

el derecho de contarlo.

2017-03-06 Political Anticipation - A LEAP Press review

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The key element of the German election
The future of European governance will largely depend on the current electoral cycle of the euro zone. If Martin Schulz, the SPD candidate, succeeds in imposing himself in Germany, his very great European experience is likely to bring about a change of position in Berlin, which could evolve towards a more co-operative vision, in line with the project outlined after Brexit by the French Foreign Minister Jean-Marc Ayrault and his German counterpart, Frank-Walter Steinmeier . But if Angela Merkel remains in the Chancellery, the movement will continue. The apogee could be reached when Mario Draghi's successor will be appointed in November 2019. The name of Jens Weidmann, the current governor of the Bundesbank, is mentioned. This hypothesis would strongly suggest the end of the ECB's independence (Read more in the last GEAB)

Yellen Hints at More Aggressive Rate Path Upon Locking in March
Federal Reserve Chair Janet Yellen left little doubt on Friday that the central bank will raise interest rates this month. More importantly, she dropped hints that it might end up having to increase them this year more than planned. In a speech to The Executives’ Club of Chicago, Yellen singled out the danger of the central bank being too slow in boosting rates... (Bloomberg)

Look through an investor's lens, Europe!
On February 14 the Polish government bet on investments, launching the Responsible Development Plan, an ambitious new strategy It aims to raise the investment rate to 20-25 percent of GDP by 2020 and keep it at 25 percent by 2030. We aim to achieve this external and internal sources of funding. The European Structural and Investment Funds (ESIF) and particularly the cohesion policy funds will play an important role in the implementation of our aims... (EUObserver)

Peugeot-Citroen strikes deal with GM to buy Vauxhall-Opel
The French company that owns Peugeot and Citroen has struck a deal to buy General Motors’ (GM) European unit, including the Opel and Vauxhall brands. PSA is on its way to becoming Europe’s second-largest carmaker. Ahead of a press conference in Paris on Monday, French carmaker PSA announced the acquisition of General Motors’ (GM) European subsidiary, which includes the Opel and Vauxhall brands, for 1.3 billion euros ($1.38 billion). (Deutsche Welle)

UK must obey free movement laws till Brexit, say MEPs
Until the UK leaves the EU, it will have to obey EU laws on free movement, said a majority of MEPs in a plenary debate with the European Commission on Wednesday. The Parliament called on the Commission to ensure that the free movement rights of EU citizens living in the UK are respected, they added. Many speakers also made clear their dislike of the use of EU citizens as "bargaining chips" in the Brexit negotiations... (EUBusiness)

Globalisation’s not dead, it just has a new powerhouse – Asia
The so-called anti-globalisation wave has become one of the most popular themes for panel discussions, articles, television programmes and the like. Don’t take it too seriously. Globalisation cannot be stopped. No matter what particular political leaders say and anti-immigration proponents take to the streets to demand, interdependence is growing. The volumes of goods, services and capital crossing borders continue to increase, and so do the numbers of people working outside their home countries. (SCMP)

US Isolation. When global finance turns away from the dollar system, it means the cliff is near
The United States has been voluntarily isolating itself from the rest of the world, and not just from a geopolitical point of view. This terrible isolation can only get worse, whatever the result of the presidential election: if Trump wins, it will be due to a lack of foreign policy; in the case of Clinton, her iron-fist will have a word. Another domain, namely finance, which has so far been spared, is being added to this political dimension; something which has always been at the centre of America’s power in the world. No wonder this happens at the very moment the US can no longer hold itself... (Read more in the GEAB 108)

Is anti-Semitism truly on the rise in the U.S.? It’s not so clear.
It’s been a bad 2017 for Jews. During the month of January, 48 bomb threats were called in to Jewish community centers across the country. Also last month, a neo-Nazi made national news by promising to hold a march in Whitefish, Mont., to intimidate the town’s small Jewish population. It was thus unsurprising that two reporters were moved to ask President Trump at Thursday’s news conference about a rise in anti-Semitism — and that many of us were aghast at Trump’s rude dismissal of the first reporter, an Orthodox Jew, and Trump’s unwillingness to take the question seriously... (The Washington Post)

Seoul should stop dancing to wrong tune of THAAD
The Republic of Korea’s defense ministry signed a land swap deal with Lotte Group on Tuesday to deploy the Terminal High Altitude Area Defense anti-missile system in the country, which China and Russia believe will further compromise regional security. Reports say THAAD could be installed as early as June, before the ROK elects a new president. That THAAD’s deployment will escalate tensions on the already tense Korean Peninsula is a foregone conclusion... (China Daily)

Erdogan says Yucel was a PKK plant with German support
President Recep Tayyip Erdogan has accused an arrested newspaper reporter of being a “German agent.” Multiple German cities have banned rallies of support for Erdogan’s presidential referendum. As the spat between Ankara and Berlin becomes increasingly angry, President Recep Tayyip Erdogan called Deniz Yucel, a Die Welt reporter with dual nationality, a “German agent” and a member of the Kurdistan Workers’ Party (PKK)... (Deutsche Welle)

Former journalist Juan Thompson arrested on suspicion of threatening Jewish centers
A former journalist has been arrested in relation to threats to Jewish centers across the US. There have been more than 100 bomb threats against US Jewish organizations since the start of the year. A former journalist was arrested in St. Louis by the Federal Bureau of Investigation Friday over bomb threats to Jewish organizations across the US in an attempt to frame an ex-girlfriend... (Deutsche Welle)

sábado, 25 de febrero de 2017

lunes día 27 de febrero a las 19 horas: reunión informativa de la Agrupación socialista de Xàbia

Estimados, estimadas:

Os convocamos a la reunión informativa de la Agrupación socialista el próximo lunes día 27 de febrero a las 19 horas.

Esperamos vuestra asistencia.

saludos socialistas.

Pepa Gisbert
Secretaria de Organización.

martes, 21 de febrero de 2017

GEAB 112. Disgregación estadística global: la multiplicación de los instrumentos de medida de la realidad económica

Umfassende Krise der Statistik: Die Überarbeitung der Werkzeuge zur Quantifizierung der wirtschaftlichen Realität

Disaggregazione statistica globale: la proliferazione degli strumenti di misurazione della realtà economica

Dislocation statistique globale : la démultiplication des outils de mesure de la réalité économique

Global statistical dislocation: the multiplication of tools for measuring economic reality

Disgregación estadística global: la multiplicación de los instrumentos de medida de la realidad económica

pic geab.euEn la crisis sistémica global por la que estamos pasando, nuestro equipo, desde hace ya varios años, llama “niebla estadística” a la incapacidad de los instrumentos que existen actualmente para medir la economía real, así como a la manipulación de estos instrumentos con el fin de hacer que los discursos políticos parezcan congruentes con los resultados (o al contrario). Si dejamos a un lado esta tentación de manipulación, esta “niebla estadística” proviene igualmente del hecho de que la economía está evolucionando profundamente, y los indicadores de ayer (PIB, desempleo, etc.) ya no son relevantes en el mundo de hoy en día.  Tras algún que otro inútil intento de transformación de estos indicadores desde hace más de una década, de nuevo vemos cómo nacen nuevas iniciativas que esta vez sí prevemos sostenibles, y que generarán cierta confusión a corto plazo, antes de integrarse de aquí a 2025, bajo el liderazgo de instituciones internacionales como el G20.
Los límites de los dos indicadores estrella
Los debates y propuestas de las campañas electorales demuestran que solo cuenta la tasa de crecimiento del PIB por una parte y la tasa de desempleo por otra. No es de extrañar en un sistema en el que el trabajo, al igual que el aumento de la “riqueza”, tiene un papel central. Estos dos indicadores han orientado las políticas durante largas décadas, con resultados que pueden considerarse satisfactorios en muchos aspectos. Sin embargo, si cada punto de crecimiento es más difícil de obtener y la tasa de desempleo permanece constantemente alta, es por una razón. La sociedad está en plena transformación radical y estos dos indicadores, que no reflejan esta evolución, están empezando a quedar obsoletos. Como veremos, sus limitaciones se deben a varios factores. Está el factor estadístico por una parte, el político o ideológico por otra, pero fundamentalmente se deben al hecho de que estos indicadores, de por sí, no miden el desarrollo armonioso de una sociedad[1]
Ambas medidas son tan emblemáticas que, evidentemente, son objeto de una intensa presión política y de constantes comparaciones internacionales. Y ahí es donde surgen los primeros problemas. ¿Cómo pueden compararse economías que funcionan con monedas diferentes, cuyos tipos de cambio no paran de oscilar drásticamente[2]? Ya hemos visto las pésimas consecuencias que puede tener la utilización de una referencia única, el dólar. Otro de los muchos ejemplos que podríamos dar es que EE.UU. es, de lejos, el primer país en términos de PIB nominal expresado en dólares, mientras que está por detrás de China en paridad de poder adquisitivo (PPA).
fig geab112 1
Gráfico 1 – Países clasificados según su PIB en paridad de poder de adquisición, 2014.
Fuente: The Conversation
Otro ejemplo, ¿qué sentido tiene la comparación del crecimiento del PIB en EE.UU., donde la población crece un 0,7% al año[3], con el de la zona euro, donde la población crece solamente un 0,3% al año[4]? ¿Por qué comparar la renta per cápita entre un país donde servicios esenciales como la educación o la sanidad cuestan dinero, y otro donde son gratuitos?
Las comparaciones relativas a la tasa de desempleo son aún más delicadas, pues los métodos de cálculo difieren entre países. Muchas veces, citamos la página web ShadowStats por su cálculo alternativo de la tasa de desempleo en EE.UU., sin duda más fiel a la “realidad” (al menos la vivida por la mayoría de estadounidenses) y que nos da una imagen singularmente diferente del mercado laboral estadounidense…
fig geab112 2
Gráfico 2 – Tasa de desempleo en EE.UU. Rojo: oficial; gris: U6; azul: ShadowStats.
Fuente: Shadowstats.
En el caso de la tasa de desempleo, las estadísticas no miden lo que aseguran medir (o más bien, lo que entendemos comúnmente por “paro”), resultando engañosas. Lo mismo para el PIB, que no es más que un pésimo reflejo de la “riqueza” de una nación. Así, resulta todavía más perjudicial cuando estas estadísticas sirven de guía para la creación de una política económica, como por ejemplo la moderación salarial en Alemania en detrimento de sus asociados europeos, o el dumping fiscal irlandés para atraer a las multinacionales…
[1] No podemos evitar compartir con ustedes la conocida cita de Robert Kennedy sobre el PIB en 1968: “En resumen, lo mide todo, excepto aquello por lo que merece la pena vivir”.
[2] Recordemos que un dólar estadounidense valía 0,6 € a finales de 2008, mientras que ahora vale 0,94 €… ¡un aumento del 50% !
[3] Fuente: Wikipedia

2017/02/20 - Political Anticipation - A LEAP Press review (GEAB special)

The GEAB bulletin of February is available now! Enjoy.
Global statistical dislocation: the multiplication of tools for measuring economic reality. 

Within the global systemic crisis that we are now experiencing, our experts have been talking for some years about “statistical fog” to qualify the inability of today’s tools to measure real economy, or even the way to manipulate them in order to match results to the political speech (or vice versa). Leaving aside the temptation to manipulate, this “statistical fog” also derives from the fact that the economy is evolving profoundly, and yesterday’s indicators (GDP, unemployment, etc.) are no longer relevant in today’s world. After a few vain attempts to transform these old time indicators, we are able to see new initiatives... (Read the FREE public announcement / GEAB 112)

A political anticipation calendar of future events: February-May 2017
February 15-16 / Astana: Next round of peace talks on Syria The peace in Syria initiative launched by Russia, Turkey and Iran in the wake of the December 29 ceasefire agreement continues. The capital of Kazakhstan, Astana, will be hosting a new meeting on February 15 and 16, to which the United States, the United Nations and Jordan are invited. The United Nations had scheduled a meeting on the same subject on February 8 in Geneva, which they decided to postpone until February 20 in order to take into account the outcome of the Astana meetings… (Subscribe to read more / GEAB 112)

These will be the 32 most powerful economies in the world by 2050
By 2050, the world is likely to have changed drastically from what we know now, and the planet’s economic and financial landscape will be no exception. A report from professional services giant PwC looks at which economies around the world will be the biggest and most powerful in 33 years time... (The Independent)

Germany: An Arrhythmia at the Heart of Europe
We anticipate that this European state will face several economic, cultural and political difficulties this year and next. First, the rise of the euro will hurt German exports; the stabilisation of oil prices prohibits the oxygen balloon effect of prices declines of 2015; failure of the migrant strategy puts Germany face to face with all the consequences of its weak demographics (in terms of domestic consumer market and potential for wage decline); there are centrifugal tendencies within the federation particularly with growing cultural and political divergences as in Bavaria… (Subscribe to read more / GEAB 112)

Italy’s former PM Renzi resigns as PD head as party split beckons
Former premier Matteo Renzi is to stand again for his Democratic Party (PD) leadership. Internal party feuding is threatening to split the party ahead of elections to be held by early 2018. Resisting pressure from a small group of party dissidents, Renzi resigned as head of the ruling Democratic Party (PD) during a special conference in Rome on Sunday... (Deutsche Welle)

September 2017 – Euro crisis: The ECB loses its independence
The post-Brexit Europe does not need the extreme right-wings, it is already lining up with the national-European model proposed by the British. The antagonism between European and national levels, which has dramatically increased within the crisis, due to a lack of democratic anchoring at the European level, has led in just 6 months to a complete takeover of the European institutions by the Member States. The problem is that the failure of the community method results a “might makes right” systems… (Subscribe to read more / GEAB 112)

Juncker attacks US on Nato spending
European Commission head Jean-Claude Juncker has said the US was wrong to push European members of Nato to spend more on their militaries. “It has been the American message for many, many years. I am very much against letting ourselves be pushed into this,” he said in a speech at the Munich Security Conference on Thursday (16 February), according to the Reuters news agency... (EUObserver)

European Real Estate: Caution
Here and there we may read some optimistic analyses on the European property market, saying either that the “revival” is here, that the sector is in good health, and so on. As our readers might guess, we are less enthusiastic and suggest the utmost caution in this regard, although the outlook is not uniformly and entirely gloomy. The real estate market remains hard to analyse because of the actions of the various economic and political players. The perspectives are very uncertain this year, so the utmost caution is required. Yet... (Subscribe to read more / GEAB 112 )

Euro: keep believing in it!
The LEAP team now believes that the more we are told about the difficulties of the euro, the more we must hear “course change needed” rather than “end of the euro coming”. Euro exit threats are mostly brandished as part of the haggling and bargaining kind of negotiations currently taking place among all the actors concerned, each with radically divergent interests… (Subscribe to read more / GEAB 112)

Asia's Strongmen Aren't Strong Enough
Across Asia, the world has supposedly been witnessing the return of the strongman. Chinese President Xi Jinping has been grasping more and more control in his own hands since claiming power in 2012. Two years later, Prime Minister Narendra Modi in India and President Joko Widodo (known as “Jokowi”) in Indonesia won office by selling themselves as forceful economic and political reformers. All three were heralded as the firm hands these giant developing nations needed to rejuvenate their promising but troubled economies. (Bloomberg)

For first time, Coalition now killing more civilians than Russia
New Airwars research shows that for the first time since Moscow intervened in Syria’s civil war in September 2015, airstrikes by the US-led Coalition are now claiming the lives of more civilians than Russia’s brutal aerial campaign To date, Airwars researchers have identified 95 separate reported civilian casualty events in January across Iraq and Syria allegedly involving the Coalition. For the same period, 57 alleged Russian incidents took place... (Airwars)

Europe Needs a Higher Price on Carbon
Europe’s promise to lower greenhouse-gas emissions looked bright a dozen years ago, when its leaders created the first big market for trading carbon permits. Sadly, though, its system has failed to encourage investment in clean technology and appreciably lower carbon dioxide emissions. Until the European Union trims the number of permits traded enough to drastically raise the cost of emitting carbon dioxide, its market will remain dysfunctional... (Bloomberg)

Gas: the real challenge
The oil crisis hides the gas emergence and subsequent trench warfare among the major producers. Around Europe: the United States and the unconventional shale gas, transported by sea and as liquid gas; Russia, Algeria and Norway, and the conventional gas (indexed to oil prices for the time being, under long-term contracts) delivered by land… (Subscribe to read more / GEAB 112)

Referendum to create ‘Republic of Artsakh’ on Europe’s fringe
Some 100,000 ethnic Armenians are voting on a new name for their territory and new powers for their leader on Monday (20 February) in the crosshairs of Azerbaijan’s artillery and missiles. The referendum, in what used to be called the Republic of Nagorno-Karabakh, but what is likely to be called the Republic of Artsakh after the vote, comes in reaction to Azerbaijan’s military assault last April, which claimed between 50 and 350 lives on both sides... (EUObserver)

martes, 7 de febrero de 2017

2017/02/07 - Political Anticipation - A LEAP Press review

Central Banks - End of cordial agreements
A war is expected in 2017 between supranational financial regulators, starting with the BIS (Bank for International Settlements), and the central banks. The full exit of the United States from these bodies in 2017, US which will no longer obey to anything else than national regulatory policies, will automatically trigger a return, particularly within the euro and dollar zones as long as the two are linked. We anticipate a complete disruption of the BIS to which nobody will want to obey anymore. By percolation, the ECB will also find it increasingly difficult to control its troops...
(Subscribe and read more in the last GEAB Bulletin)

Time to sell the dollar on ‘erratic’ Trump policies, J.P. Morgan says
The dollar enjoyed a strong run after Election Day, but the Trump administration has turned into a headwind for the buck and more troubles are ahead, strategists at J.P. Morgan warn. In a note out late Friday, the bank’s foreign exchange strategy team led by Paul Meggyesi said it had started to sell the dollar against the yen USDJPY, -0.27% and Swiss franc USDCHF, +0.1007% following comments from Trump and his trade advisor that the U.S. currency has gotten too strong... (Market Watch)

EU founders speak of possible ‘multispeed’ future after Brexit
German Chancellor Angela Merkel and leaders of other founding states of the European Union spoke on Friday of some countries moving ahead faster than others with further integration. After a summit in Malta at which all national leaders discussed plans for a formal declaration in March on the future of the bloc following Britain’s departure, Merkel and others offered endorsements of a so-called “multispeed Europe”, which some governments fear could damage EU unity in the wake of Brexit... (Reuters)

Meet the Man Who Will Challenge Merkel
With the surprise announcement that Martin Schulz, until recently the head of the European Parliament, will be the Social Democrats' chancellor candidate this fall, the German political landscape has undergone a tectonic shift. Now Chancellor Angela Merkel must prepare for a real fight. When SPIEGEL published a profile of Martin Schulz four years ago, Chancellor Angela Merkel took him aside at a European Union summit to tell him that she found it very interesting... (Spiegel)

Telling the whole truth in a post-truth environment
In 2016, surprisingly for many, Oxford Dictionaries chose as their Word of the Year “post-truth”, an adjective defined as: “relating to or denoting circumstances in which objective facts are less influential in shaping public opinion than appeals to emotion and personal belief”. This runs contrary to the main tenet of the OECD, the “house of best practices” whose works and analysis depend on high quality statistics and solid empirical evidence... (OECD Insight)

Former Catalan president defiant before trial over secession vote
The former Catalan president Artur Mas has insisted he has nothing to apologise for as he prepares to go on trial for his role in the symbolic independence referendum staged in the region three years ago. Mas, who governed Catalonia from 2010 to 2016, will appear at the high court in Barcelona on Monday along with former vice-president Joana Ortega and former education minister Irene Rigau... (The Guardian) 

Romanian protests continue despite government climbdown
A sea of light flooded Bucharest’s Victory square on Sunday (5 February) evening as people flashed their mobiles on the building in front of them: the government headquarters. Earlier that day, the social democrat government had repealed the emergency decree that would have weakened the country’s anti-corruption laws, but people still gathered for the largest anti-government protest in Romania’s post-communist history... (EUObserver)

OPEC to Swell Investor Gains by Turning Market Upside Down
OPEC’s production cuts have already turned oil speculators the most bullish in a decade. As their effect is felt, crude could become even more alluring. The supply curbs are boosting short-term oil prices, pushing some higher than later-dated contracts for the first time in two years... (Bloomberg)
Mikhail Gorbachev: ‘It All Looks as if the World Is Preparing for War’
The world today is overwhelmed with problems. Policymakers seem to be confused and at a loss. But no problem is more urgent today than the militarization of politics and the new arms race. Stopping and reversing this ruinous race must be our top priority... (Time)

EU leaders united as Trump overshadows summit
EU leaders ended a summit in Malta Friday calling for unity, strength and confidence in facing difficult global challenges including the behaviour of the new U.S. administration. The leaders of the 28 Member States were in Malta - which currently holds the EU presidency - to discuss Europe's response to the new Trump administration, as well as migration issues, and the future of Europe after Brexit... (EU Business)

Marine Le Pen vows to put France first at National Front party conference
Marine Le Pen of the National Front (FN) kicked off her campaign to become France's next president with a speech that took many of its cues from the campaign rhetoric of divisive - and successful - populist leaders in Britain and the United States. Le Pen emphasized that under her leadership France's national interests would take precedence above all else - an obvious nod to the platforms on which US President Donald Trump ("America First") and "Leavers" in the UK ("Take back control") rode to success... (Deutsche Welle)

China versus the United States
The real revelation in 2017 will be that China is not heading to adopt the Western model but to implement a separate model which will send a powerful signal of the end of the single-track economic thinking; this will most probably open a very large window of opportunities for other models to emerge (America first, Europe first, China first, India first, Africa first...) with a great potential for liberating both energies for modernisation and ideological conflicts... (Subscribe and read more in the latest GEAB Bulletin)

EU farming policy: The damage done by 20 years of inertia
The EU has long understood that the common agricultural policy (CAP) needs to become fairer and greener. Despite progress in some areas, the data shows that the problems of the 1990s have not gone away. The CAP, which oversees subsidies to farmers in Europe, is a complex bureaucracy favouring large businesses over small farmers, pushing them towards intensive farming practices that harm the environment and lead to unemployment... (EUObserver)

Donald Trump's Wall Street deregulation slammed as 'the last thing we need' by ECB head Mario Draghi
Donald Trump’s roll-back of Wall Street regulation is “very worrisome” and “the last thing we need” the President of the European Central Bank, Mario Draghi, has warned. Giving evidence to the European Parliament’s Committee on Economic and Monetary Affairs on Monday, Mr Draghi was asked about the American President’s assault on the US post-crisis Dodd-Frank legislation, which had curbed the risk-taking of US banks, raised their capital requirements and introduced more safeguards for consumers... (The Independent)