大象传媒

We know that last week 26 of the 27 members of the European Union backed new fiscal rules to keep budgets in line, with only the UK abstaining, but many fear that the budget pact will still not be enough to prevent more countries from seeking a bailout.

++

Perhaps NN can also consider that the new budget pact rules on e.g 3% of GDP limit are also likely to affect non EZ members of the EU?

In other words - if DC had not 'abstained' at last week's summit - the UK would/could soon be facing new & very painful EU national budget guidance ratios as, in effect, requiring the UK to :-

1) Devalue the GB 拢?

2) Massively increase UK national debt or deficit (depending on the format of the new budget rules)?

3) Impose must more strict austerity on the UK in order to meet the likely proposed new EU national budget requirements?

4) Combination of one or more of 1-3 ?

There is no clear position that the UK would have been immune from the requisite govt borrowing /spending targets to be imposed either very soon or at a later date - this point has not been considered properly in any of the media reports that I have seen?

In which case, the UK probably did very well being the '1' out of the '27' here - as it is not clear at all what is coming and what economic measures will be needed by the '26' in order for their compliance with the, as yet, unseen proposals as said to include penalties for those who do not comply.

Always 'look before you leap'?

The EU budget/finance pact will likely not be acceptable in its full detail to all 26 member states - partcicularly as there is no sign whatsoever of it being linked to a helpful 'one off' commensurate Euro devaluation and ECB money print exercise as paving the way to permanent, strict EZ financial discipline?

The money & other markets likely to apply their own Euro devaluation arrangements as demand for holding Euros likely to weaken substantially here as investors & dealers weigh CDS risks & outcomes and derivative placements against their stocks of Euros.

When Holiday makers stop booking holidays in Sunmed because of Euro risk and travel companies collapsing, airline tickets unsold etc and hotels going bust - we will know a lot more about e.g. when inevitable run on Euro is to happen due to lack of ECB input

'We know that last week 26 of the 27 members of the European Union backed new fiscal rules to keep budgets in line, with only the UK abstaining, but many fear'

Have to, again, head to Google to 'analyse'... what 'we' 'know', depending on how 'it' is shared. I guess I may be one of the few not in a state of fear as a consequence.

DAVE SENDS IN HIS 'TROUBLESHOOTERS' TO PROBLEM HOMES

But what if one of these remedial saints were to find themselves magicked into the House of Westminster? What might the clipboard convey, by way of assessment?

"The dominant male is narcissistic, vain, arrogant and totally lacking in self criticism. Arrested development is apparent and unrestrained grandiosity. This is a profligate house, in serious debt due to a chaotic culture, and wild schemes - doomed to failure. Feuding with foreigners is commonplace, while maintaining a false embrace of all things foreign. In a word: this is a deeply dysfunctional House, which is having a deleterious influence on its members, and the wider neighbourhood.

Short of the introduction of an entirely new paradigm, this House will fail, and do untold harm. WE MUST ACT NOW!"

'3. At 14:58 15th Dec 2011, barriesingleton wrote:
DAVE SENDS IN HIS 'TROUBLESHOOTERS' TO PROBLEM HOMES'

If it wasn't tragic, I'd laugh.

Allowing for any politician's sincerity or noble intent being as far as the next vote, but his grasp on reality seems to have deserted him again.

Having already spent 2 dire years with more oversight acronyms - CQC, LGO, PCT, PHSO, etc on simply trying to improve the conduct of elder care systems, with near zero happening as everyone points at each other and the places under the spotlight playing every right and dodge possible to take advantage of this, they are now talking about enforcing behaviour in non-compliant folks' own homes using the same civil social services mindset and powers?

Money down another drain. Daft.

Maybe 26... less a bit?

'@kevinbakhurst Interesting that Hungary and Czech Republic say they won't join any new Treaty if it means giving up their independent tax policies #Euro

From twitter, to blog to the top of the hour news. That's how it works, right?

This comment was removed because the moderators found it broke the house rules. Explain.

"Joining us to discuss the Arab Spring will be historian Simon Sharma, former US secretary of state Henry Kissinger and Sir Jeremy Greenstock the UK's former ambassador to the UN and special representative to Iraq."



Assuming it is Schama then....so two out of the three guests NN will be having on tonight to discuss the Arab Spring are Jewish.

Yeah, I suspose it makes sense are far as the 大象传媒 are concerned.

(And they will be chaired by ???)

IMPARTIALITY IS IN OUR GENES

"We know that last week 26 of the 27 members..... seeking a bailout."
They do not need a bailout (alone), they need to devalue as Roger Bootle's graph the other day showed - and it would be interesting to see some serious analysis of how they could trade out of the situation. How about:

1. ECB provides liquity to financial system (as it currently is) to buy time but leaves solvency as a soverign and national risk (as it is)

2. Longer term framework put in place for fiscal union (as being planned) but only truly operational once stability restored (i.e. 10 years + from now, but agree framework now while everyone focussed); then grapple the problem-

3. Italy, Spain, Greece, Portugal, ?Ireland,?France keep the Euro while Germany, Netherlands and others form NewEuro. NewEuro will naturally strengthen accomplishing the devaluation the (still) Euro members needed allowing most the prospect of trading to a stable fiscal position. Since they retain the Euro, the financial liabilities and assets of the banks and sovereigns will be largely workable without immediately necessitating default and the systemic risk. Owners of NewEuro loans should be happy to redenominate given the likely trajectory of the currency.

4. Eventually (next decade), look to fix the xrate of Euro and NewEuro to re-integrate once the framework is there (2) and the fiscal and relative trading positions stabilised (3). Hopefully with a slightly more cohesive European body politic.

Which way would France go though? presumably their diplomatic preference will be for NewEuro despite them in many ways fitting better into Euro area.

8. At 16:17 15th Dec 2011, NollyPrott

One for Mark sooner than later?

Mark Urban will be looking back at the uprisings

For the team...

CAN WE GET THE VIEW OF 'CANTERBURY' ON THAT? (#8)

Good to know that the Germans are keeping pace with us in the cuckoo-space, in and of itself, going forward. It's not part of EU harmonisation is it?

Something is very amiss.

Freud's proposed spare bedroom tax to economically cleanse all single people and couples without kids claiming benefits from their indigenous area, can couples avoid it if they are not married and say they sleep in separate rooms ?

"What no fraud?"

The truth that dare not speak it's name. Well not on the 大象传媒 anyway:

"If we can finally be truthful with ourselves as a nation, then we must admit that our financial system is fundamentally based on lies, fraud, embezzlement, misinformation, perverse filters and incentives, shadow systems that mock transparency and regulation, class privilege and the systemic flouting of the rule of law."

One for Jaunty to ponder !

HAS WINDOW TAX RETURNED? (#12)

Would bricking up the doorway to the spare room suffice? Or a German woman might hire it, for a peppercorn rent, to prove unavailability for prostitution.

This way madness?

DELETE 'FINANCIAL SYSTEM' INSERT 'WESTMINSTER GOVERNANCE' (#13)

As I have pointed out before, Westminster Creatures revere, cultivate and reward, all the attributes that parents try to eradicate in their children, and mothers hope never to find in their daughters' suitors. We all know this, but still a minority vote for the soulless ciphers, lurking under rosettes, to whom the above applies. Despair!

The fault lies in ourselves.

CAN WE GET SUSAN'S VIEW ON THAT? (#14)

I have a feeling Susan Watts is a (de facto - he is never mentioned) 'Corbyn Denier'. But BRAVO CANADA for now.

As a diplomat, I'm surprised Sir Jeremy Greenstock accepted your invitation to discuss the Arab Spring with two members of the American Jewish community.
I look forward to hearing the views of the only Arab community next time Israel is in the news.

/news/business-16098582

"UK alone as EU agrees fiscal deal?"

How bizarre & misleading are the 大象传媒's headlines & reporting to get on this?

Agreed means 26 member states have signed up to what - multiple outcomes according to the 大象传媒:

Divorce
Union
Phoenix from the ashes

Which one is it 大象传媒 - what is agreed outcome?

All that is agreed is an agreement to try and reach agreement on what has been talked about?

Please can the 大象传媒 please clean up the web page with this inappropriate information as A level & other students & may well be reading this & wondering what is meant by an 'agreement' - when nothing, in fact, has been agreed except what is to be discussed at further meetings or is to be concocted behind the scenes by Eurocrats for dummy politicians to put their mark on a final Treaty document.

/news/world-europe-16206783

The "new fiscal rules to keep budgets in line" will make the Euro-crisis worse and not better, as they will be contractionary as a whole and hence worsen debt, especially for the most vulnerable countries.

Instead of having Schama and Strangelove, you should try getting a neo-Keynesian. like John Quiggin. Paul Krugman or Brad DeLong, in debate with someone like Sch盲uble, and Vince Cable. The former know the score, Sch盲uble is wedded to the myths that are destroying the Euro, and Cable too knows the score, but can't tell the truth as a member of the government. Get them to make predictions as to where we'll be a year from now, and get them promise to come back to face the music.

HOW TO MAKE FRIENDS WITH A POLITICAL PARTY

Ask them what is their status in law. They don't reply. Westminster says they can take any form they choose (rather like some Sci Fi, evil force - how jolly).

So, come on you highly knowledgeable blog-folk: Are parties OUTSIDE THE LAW?
If so, should this not be challenged?

Try this for size: The Conservative party CONCOCTS a Liar Flyer, but an Ex MP (during election: he is just Mr) distributes it, thereby applying 'Undue Influence' to voters. Who is guilty of what? The Ex MP is 'out of office' so cannot commit MISCONDUCT IN PUBLIC OFFICE. But what of a political party? Is it in public office - if it exists at all? Which party officer is culpable - if any.

This is DE MOCK CRASS Y "UNDER THE RULE OF LAW". Dave loves it.

Nuff sed

FORTY SHADES OF GREEN - SOME LOOK MORE LIKE BLACK

This looks like 2009 data:



Even if only half true, it reminds us that technologies ALWAYS ADVANCE. I have long predicted better harvesting of tidal energy AND at lower speeds. It will get better yet. Needless to say, government data is fudged and backward looking, to minimise apparent tidal potential, because WIND MUST BE FOLLOWED TO FAILURE.

And that is why the new shade of black is called 'HUHNE BLACK'.

What a shame media are all collaborators.

"YES WE CAN" (#25)

Now the true meaning comes into focus.

In the classic mould: the manipulative Elite manufactured the threat, promised to keep the threatened people safe if they gave up their rights, and are now implementing ALL NECESSARY MEASURES.

Be sure we will follow if we do not DISMANTLE WESTMINSTER. 'The mark' is already upon our despotic potentates.

Link#26

It seems that said turbine project is just an inefficient and potentially expensive excuse not to proceed with the full construction of a Severn Barrage. It would appear to be yet another " green " investment scam no doubt reliant on big subsidy if it were ever to sustain itself in a true free market for energy. I am informed that a private company is prepared to finance, build and operate a full Severn Barrage, it just requires an act of parliament to proceed. Not much chance of that with the environment lobby's grip on UK politics, it would appear that all the key players are in the pocket of the ( potentially corrupt on CO2 ) environmental NGO's.

Hungary & Chech Republic now saying have concerns about signing the new deal aimed at tackling the eurozone's debt crisis if it means giving up their independent, sovereign, tax-setting powers.

Like UK, neither Hungary nor the Czech Republic use the euro and if they signed a new treaty, their countries' tax and budget policies would have to be approved by euro-crats in Brussels.

Emphasizes why D Cameron absolutely right to abstain from the summit proposals last week as EU/UK tax harmonisation would plunge UK economy into new crisis as UK personal taxation amongst highest in world and as higher than EU average & would take time to adjust overall UK taxes & so even higher EU marginal corporation tax would send UK economy into reverse & further difficulties with growth & personal income suffocation.

/news/business-16210134

CLEGG AND CAMERON DESERVE ONE ANOTHER - WE DESERVE BETTER (#30)

That either is without scruple, IS NOT NEWS. The 'change' we need is

DISMANTLE WESTMINSTER - INSTALL INTEGRITY - TRAMPLE ROSETTES

IN THE LIGHT OF EXPERIENCE (#27)

Yours is a fair approach.

In my thirtyfive years of chemical processing, I built my own plant and devised many unique processing strategies. I was granted a couple of patents. Being a very small company, competing successfully with the big boys, a 'me too' strategy, would have costed me out of the game. My approach was to go 'small multiples, at high efficiency' rather than giant batches - slow and inefficient (the norm). This is why I lean towards the multiple efficient units rather than the giant enterprise. I may well be wrong; the proof will be in the generating.

Not sure there is ANY subsidy for Tidal. The plan is, surely, for lots of windmills, and a spectacular failure?

WHY IS IT ALWAYS THE SCOTS? (#24 #32 additional)

Question for a chemical engineer?

Why all these wind farms - wouldn't it be easier, cheaper & more profitable to make e.g. methane & other gases out of organic waste and genetically grown gas producing organisms?

I admire anyone who succeeded in Chemistry as apart from setting the gas taps on fire and making nasty smells in blackened test tubes I was an absolute failure in a laboratory, as with most other things, but the question is why do we need likes of Clegg sucking up to EU concreted big business cartels that push EU trade deficit onto UK for e.g. importation of gas when we can make it ourselves?

Surely, UK taxpayer & consumer would get better bang per buck from the building of e.g. methane & other gas plants than the wind turbine fiasco?

We have plenty of gas in UK - we could even have a large receptacle positioned over the House of Commons to trap the waste?

FROM THE TOP (#34)

What draws an individual to want to run the lives of others?

What selection criteria do PARTY political panels look for in MP wannabes?

What constraints are applied to the new MP, elected courtesy of a PARTY rosette?

What mentality accepts, unearned, the title HONOURABLE while DIShonouring?

Which 'exponent', from the above, will be elevated, in such company?

What common factors have we seen in Thatcher, Major, Blair, Cameron, CLEGG?

Nuff sed?

In passing: the Chilcot Enquiry set themselves the task of LEARNING LESSONS regarding the Iraq War. I have sent an impassioned plea that they focus, not on decisions and mechanisms, BUT ON PSYCHOLOGY AND DYSFUNCTION IN INDIVIDUALS. Perhaps the above, simple, 'flow chart' could help them to learn the ultimate lesson:

WE GOT OURSELVES ANOTHER ONE.

Update. We're no longer running the Google item

Anyone told the previous Newsnight editor? He'll be after a refund.

In passing... while better than a total stealth edit, stating that you are no longer doing a 'story' seems rather less than useful without at least mentioning what it was about. Though if just another pr-as-news puff, you are forgiven.

Oops. My bad. Thrown by updates at the top now. My question answered. With all transpiring, scampi probably not a huge concern to a great many Britons, then? Mr. Barron will still be sad.

Lord Monckton to pursue fraud charges against Climategate scientists

"I have begun drafting a memorandum for the prosecuting authorities, together with all evidence necessary to establish not only the existence of numerous specific instances of scientific or economic fraud in relation to the official 鈥済lobal warming鈥� storyline but also the connections between these instances, and the overall scheme of deception that the individual artifices appear calculated to reinforce. In each instance, the perpetrators of the fraud will be named and their roles described."



the carbon tax that has transferred billions from the many to the few needs to stop.

Revealed: bankers' secret meetings with ministers


Bank bosses are fighting furiously behind the scenes to limit any changes to the way they do business. Fears are growing 鈥� articulated by Sir John himself 鈥� that the banks are successfully thwarting the Government's plans to overhaul the British banking system and the Treasury is weakening some of the key reforms as a result of intense lobbying.
Mr Osborne will announce his official response to the Vickers Independent Commission on Banking proposals on Monday 鈥� it is certain to be scrutinised for any sign that the Government's resolve to tackle the sector has been weakened
The commission recommended that banks should be required to "ring fence" their high street banking operations away from their "casino" investment operations; and to increase their capital buffers in order to reduce the chances of British taxpayers being forced to rescue them in future. (Taxpayers had to pump in 拢65.9bn to save Lloyds, RBS and HBOS.)
"Bank bosses seem to have been down their inside track to the Treasury as often as a Murdoch editor into No10 under Andy Coulson and none of them were there to talk about the weather," Lord Oakeshott, the former Liberal Democrat Treasury spokesman, said.

"We need to think deeply about whether we can sustain banks that are not only too big to fail, but potentially too big to bail."

George Osborne, 8 April 2009

"The large banks with their casino banking practices need to be broken up."

Vince Cable, 3 March 2010

"It is an impressive report and an important step towards a new banking system."

George Osborne on the final Vickers report, 12 September 2011

"As long as we legislate during this parliament, I suspect, actually, the changes will be implemented well before 2019."

Nick Clegg, 20 September 2011

"Unless we actually think about the deep structure issues that have led us to where we are, we'd be doomed to go through it again, but on a larger scale."

Mervyn King, Bank of England Governor, January 2010

"I want radical reform. The key is we move to implementation of something that is effective and we do it without delay."

Alistair Darling, January 2010

MERVYN WANTS RADICAL REFORM BUT ROTTWEILER鈥橲 DO NOT RETRAIN AS COLLIES (#35 relevant)

The equivalent flow chart to #35 can be drawn for Bankers, Military etc - indeed any walk of life that wields POWER over OTHERS.

Our destructive culture has reduced Mr Average to a sorry state, yielding any number of dysfunctional, needy juveniles to staff the 'INTERFERING PROFESSIONS'. If Mervyn King thinks he can REORGANISE the banking Rottweiler鈥檚 into flock-serving Collies . . .

Until we address OUR CULTURE (mothering devalued, institutionalising de rigueur, Mammonising inevitable) Britain will function like a Dickensian school - oppression, brutality, chicanery and misery. Not just in Banking, but everywhere.

35.
At 10:18 16th Dec 2011, barriesingleton wrote:


FROM THE TOP (#34)

Of course, its all an 'altruism' as the system determines the behaviour & certain key outcomes whichever political party they are in - otherwise none of them would get elected - by 'us' & none of them would last a single day in Parliament.

They're certainly not 'dysfunctional' (at surface level, as all exceptional individuals) other than wanting power & a bit more power & a bit more on top.

That is the system - that is why we have 'son of Blair'.

If we don't like it we have to change the system - but no one really has anything better to put forward that has any real support?

:o( RIP Chris Hitchens.

the eu want a marriage without a joint bank account. so they are not serious about union. they just want to be swingers.

if they want union then the germans will have to trust the Mediterranean spending side of the marriage with their credit card?

HOW DO YOU MAKE THE INSTITUTIONALISED AWARE OF THEIR CONDITION?

The greater mass, live 'within the lie'. Battery hens do not yearn for 'real life'. They just lay eggs until displaced.

if the eu has invited the uk to the talks its because they need uk money

DID HITCHENS DIE STILL NOT KNOWING WHY HE WAS SO ANGRY? (#43)

He certainly did not LIVE in peace 76. Having to die 'to find it' is a terrible commentary on a life.

Misstress 43:

Oh how sad:( I really liked Christopher Hitchens. He cleaned up his act with quiting smoking and getting healthy for once in his life. I recall his comments about chemo and then some new genome trial to combat his illness. I knew then he was doomed. An intellegent man..but not smart enough to stay away from the doctors and their highly expensive useless drugs though. If there is a God, I hope he goes easy on Chris. I can just see God holding the 'God is not great' book and telling Hitchens how wrong he was.

46.
At 13:06 16th Dec 2011, jauntycyclist wrote:


if the eu has invited the uk to the talks its because they need uk money

++

Yes - the Frenchies getting a bit tetchy?

UK EU 'contributions' are 拢17 - 拢40 bn for next 12 months depending on how defined?

UK trade deficit with EU is annual 拢55 bn - I have seen recently

Cost of EU straightjacket for UK?

Cost of UK mass EU immigration to British workers & families?

Cost to the Frenchies of closing Sangatte?

You bet they're going to make sure UK isn't marginalised!

I see that Richard Corbett, spokesman for European Council President Herman Van Rompuy, was back on NN last night.

Mr. Corbett, as evidenced by previous NN appreances, can be relied upon to give clear, calm and coherent answers to any questions posed.

So what does Kirsty Wark do?

Ask anything but the most pressing question, namely, why had'nt the previous EU meeting produced a plan to deal with the immediate EZ sovereign debt crisis?

I am sure Mr. Corbett would have enlightened us, if the question had been posed.

only the Americans could dress up a miserable retreat and defeat and make it into a victory parade, they did the same in Vietnam and they will probably do the same post Afghanistan, well they have loads of unused bunting and flags. Iraq cost zillions, hundreds of thousands dead and for what? Keeping the arms manufacturers in the black..that's why..