Angry nations, G20 - National democracies are preventing the implementation of solutions to the global crisis
The anger of the people that we are witnessing is that of panicked populations, like rats in a cage onto which fire and flames would fall. These rats could act and organize their survival if they were outside the cage, but the more they panic, the more are tightened the bars of their cage and put muscled jailers at the door (because there is one door). The nations are angry, and this is a logical consequence of a multi-directional crisis of global dimensions to which the levels of national "democratic" power are structurally unable to respond ... (Read more in the GEAB no 106)
The anger of the people that we are witnessing is that of panicked populations, like rats in a cage onto which fire and flames would fall. These rats could act and organize their survival if they were outside the cage, but the more they panic, the more are tightened the bars of their cage and put muscled jailers at the door (because there is one door). The nations are angry, and this is a logical consequence of a multi-directional crisis of global dimensions to which the levels of national "democratic" power are structurally unable to respond ... (Read more in the GEAB no 106)
Be ready for the upcoming September GEAB bulletin: The Political Soap Opera starts again...
Far from having brought the lull for which some hoped, the summer sun has continued to heat finance, the economy, and especially global geopolitics white-hot. The Syrian and UK apples of discord have shown the extent to which the international community was no longer one; the economic news, despite all the tricks possible, stubbornly refuses to announce a long awaited recovery; currency wars have flared up again, interest rates are now out of control... Read about this and much more in our bulletins. (Register for the monthly confidential GEAB )
Far from having brought the lull for which some hoped, the summer sun has continued to heat finance, the economy, and especially global geopolitics white-hot. The Syrian and UK apples of discord have shown the extent to which the international community was no longer one; the economic news, despite all the tricks possible, stubbornly refuses to announce a long awaited recovery; currency wars have flared up again, interest rates are now out of control... Read about this and much more in our bulletins. (Register for the monthly confidential GEAB )
Germany's EU Commissioner 'wouldn't bet' on Brexit happening
Germany's EU Commissioner has expressed doubts over whether the UK will actually leave the European Union, saying he would not "place any major bets on Brexit". Günther Oettinger told German newspaper Bild, that the longer the British government waits to invoke Article 50 – the legal process of leaving the union – "the more insecure the situation will become"... (The Independent)
Germany's EU Commissioner has expressed doubts over whether the UK will actually leave the European Union, saying he would not "place any major bets on Brexit". Günther Oettinger told German newspaper Bild, that the longer the British government waits to invoke Article 50 – the legal process of leaving the union – "the more insecure the situation will become"... (The Independent)
Leaders look to safeguard future of Europe
Europe's Italian, French and German leaders meeting to chart the future of the EU following Britain's Brexit referendum promised Monday to secure Europe's future and uphold European values. Italian Prime Minister Matteo Renzi was hosting the summit with Chancellor Angela Merkel and French President Francois Hollande on the island of Ventotene... (EUBusiness)
Europe's Italian, French and German leaders meeting to chart the future of the EU following Britain's Brexit referendum promised Monday to secure Europe's future and uphold European values. Italian Prime Minister Matteo Renzi was hosting the summit with Chancellor Angela Merkel and French President Francois Hollande on the island of Ventotene... (EUBusiness)
Low rates taking a toll on euro zone banks: ECB's Nouy
Low interest rates, once a boon for euro zone banks, are becoming a drag on profitability, European Central Bank supervisor Daniele Nouy told Lithuanian newspaper Verslo žinios on Wednesday. Low rates initially helped banks by reducing funding costs and improving clients' credit profile but they are now curtailing profitability, Nouy told the newspaper in an interview... (Reuters)
Low interest rates, once a boon for euro zone banks, are becoming a drag on profitability, European Central Bank supervisor Daniele Nouy told Lithuanian newspaper Verslo žinios on Wednesday. Low rates initially helped banks by reducing funding costs and improving clients' credit profile but they are now curtailing profitability, Nouy told the newspaper in an interview... (Reuters)
The $8 Trillion Fight Over How to Rid America of Fossil Fuel
For every economist, there exists an equal and opposite economist, and they’re both wrong. Like many jokes, this one is funny (to economists, anyway) because it’s true. What isn’t so funny is its application to the biggest challenge of the 21st century: How to shed a fossil-fuel energy infrastructure that seems hell-bent on destroying us. There are several camps trying to decide how much we must spend to avoid environmental disaster. Consensus on a grand total is a matter of degree, with estimates varying by as much as $8 trillion... (Bloomberg)
For every economist, there exists an equal and opposite economist, and they’re both wrong. Like many jokes, this one is funny (to economists, anyway) because it’s true. What isn’t so funny is its application to the biggest challenge of the 21st century: How to shed a fossil-fuel energy infrastructure that seems hell-bent on destroying us. There are several camps trying to decide how much we must spend to avoid environmental disaster. Consensus on a grand total is a matter of degree, with estimates varying by as much as $8 trillion... (Bloomberg)
U.S.-EU free trade talks have failed – Germany’s economy minister
Germany’s Economy Minister Sigmar Gabriel said on Sunday that talks on the Transatlantic Trade and Investment Partnership (TTIP), a free trade deal being negotiated by the United States and the European Union, had essentially failed. « The negotiations with the USA have de facto failed because we Europeans did not want to subject ourselves to American demands,»… (Reuters)
Germany’s Economy Minister Sigmar Gabriel said on Sunday that talks on the Transatlantic Trade and Investment Partnership (TTIP), a free trade deal being negotiated by the United States and the European Union, had essentially failed. « The negotiations with the USA have de facto failed because we Europeans did not want to subject ourselves to American demands,»… (Reuters)
EU’s €13bn tax decision angers Ireland, US, and Apple
Ireland, Apple and the US have rounded against the European Commission after it ordered on Tuesday (30 August) the US tech firm to hand a record €13 billion of unpaid taxes to Ireland. The EU executive ruled that « Ireland granted illegal tax benefits to Apple, which enabled it to pay substantially less tax than other businesses over many years »... (EUObserver)
Ireland, Apple and the US have rounded against the European Commission after it ordered on Tuesday (30 August) the US tech firm to hand a record €13 billion of unpaid taxes to Ireland. The EU executive ruled that « Ireland granted illegal tax benefits to Apple, which enabled it to pay substantially less tax than other businesses over many years »... (EUObserver)
Calls to end Ukraine crisis from Europe
The foreign ministers of Germany, France and Poland say there should be greater international efforts to end the fighting in eastern Ukraine, German Foreign Minister Frank-Walter Steinmeier has told reporters. He said on Sunday there had not been sufficient progress in implementing the Minsk ceasefire agreement... (Skynews)
The foreign ministers of Germany, France and Poland say there should be greater international efforts to end the fighting in eastern Ukraine, German Foreign Minister Frank-Walter Steinmeier has told reporters. He said on Sunday there had not been sufficient progress in implementing the Minsk ceasefire agreement... (Skynews)
West’s Most Serious Mistakes in Its Relationship With Russia
The West has committed serious mistakes in its relationship with Russia, including its reaction to the reunification with Crimea, all stemming from when George W. Bush advocated Ukraine’s accession to NATO. That would have meant that Russia’s Black Sea Fleet would have been stationed in a NATO area, according to a prominent German politician... (Sputnik news)
The West has committed serious mistakes in its relationship with Russia, including its reaction to the reunification with Crimea, all stemming from when George W. Bush advocated Ukraine’s accession to NATO. That would have meant that Russia’s Black Sea Fleet would have been stationed in a NATO area, according to a prominent German politician... (Sputnik news)
Russia and Turkey restart talks on EU gas pipeline
Top executives from Russian energy firm Gazprom will in Turkey on Wednesday (31 August) resume work on a potentially divisive gas pipeline project to the EU. Alexander Medvedev, Gazprom’s deputy CEO, told Russia’s Tass news agency that he and the firm’s CEO, Alexei Miller, will take part in the delegation on the Turkish Stream pipeline... (EUObserver)
Top executives from Russian energy firm Gazprom will in Turkey on Wednesday (31 August) resume work on a potentially divisive gas pipeline project to the EU. Alexander Medvedev, Gazprom’s deputy CEO, told Russia’s Tass news agency that he and the firm’s CEO, Alexei Miller, will take part in the delegation on the Turkish Stream pipeline... (EUObserver)
Barack Obama’s Asia legacy in peril
« After a decade in which we fought two wars that cost us dearly, in blood and treasure, [we are] turning our attention to the vast potential of the Asia-Pacific region, » United States President Barack Obama exclaimed in a 2011 speech before the Australian parliament... (AlJAzeera)
« After a decade in which we fought two wars that cost us dearly, in blood and treasure, [we are] turning our attention to the vast potential of the Asia-Pacific region, » United States President Barack Obama exclaimed in a 2011 speech before the Australian parliament... (AlJAzeera)
India accords residency status to foreign investors
India approved a plan on Wednesday to allow foreign investors to settle, emulating a policy in countries such as the United States and Singapore to woo investment from abroad. The proposal, aimed at giving a fillip to Prime Minister Narendra Modi's "Make in India" program, was first announced in February's federal budget... (Reuters)
India approved a plan on Wednesday to allow foreign investors to settle, emulating a policy in countries such as the United States and Singapore to woo investment from abroad. The proposal, aimed at giving a fillip to Prime Minister Narendra Modi's "Make in India" program, was first announced in February's federal budget... (Reuters)
Chinese dissidents urge Obama to press Xi Jinping on human rights at G20
Chinese dissidents have urged Barack Obama to confront Xi Jinping over what they called China’s worst human rights crisis since the 1989 Tiananmen crackdown when he travels to the G20 economic summit in Hangzhou this week. During a meeting at the White House on Tuesday afternoon, prominent Chinese activists told Susan Rice, Obama’s national security adviser, that China’s president had presided over a dramatic offensive... (The Guardian)
Chinese dissidents have urged Barack Obama to confront Xi Jinping over what they called China’s worst human rights crisis since the 1989 Tiananmen crackdown when he travels to the G20 economic summit in Hangzhou this week. During a meeting at the White House on Tuesday afternoon, prominent Chinese activists told Susan Rice, Obama’s national security adviser, that China’s president had presided over a dramatic offensive... (The Guardian)
Pacific grim: Australia torn between US and China
In a recent Australian-made TV political thriller called Secret City, a cyber-attack paralyses the country's air traffic control system. Authorities immediately (and incorrectly) point the finger at Chinese hackers. It's a storyline that's telling about Australia's attitude to Asia's pre-eminent power. On the one hand, China is the country's biggest trading partner, but it also poses a potential regional military threat that's drawing the attention of the US, Australia's closest defence ally... (BBC)
In a recent Australian-made TV political thriller called Secret City, a cyber-attack paralyses the country's air traffic control system. Authorities immediately (and incorrectly) point the finger at Chinese hackers. It's a storyline that's telling about Australia's attitude to Asia's pre-eminent power. On the one hand, China is the country's biggest trading partner, but it also poses a potential regional military threat that's drawing the attention of the US, Australia's closest defence ally... (BBC)
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