text:
Queensryche's Scott Rockenfield says parting with Geoff Tate was like shaking off a long-term "sickness".
The band settled a long-running legal dispute with former frontman Tate in April this year, with Tate's band now performing under the name Operation: Mindcrime.
And while much has been said of both parties' relief at the settlement, drummer Rockenfield says things were tense while Tate was still in the band. He was replaced by Todd La Torre in 2012, leading to a situation where two bands called Queensryche were touring and recording.
Rockenfield tells Pop Break: "The conflict started years ago, but prior to it when we were all still working together in the old band, we had been in a dark place for a long time. It wasn't going well, the years were stacking up on us, we weren't making the music we were passionate about and were being forced to do a lot of things we didn't want to do.
"We weren't being allowed to play all of the music we wanted to play live, and to give our fans what we thought was important. The darker the hole we kept falling into, the faster we wanted to get out of it. That's what happens, you kind of hit the bottom of a hole, and there's only one way to go – up and out of there."
Sacking Tate and bringing in La Torre had an instant positive impact on morale, Rockenfield adds, saying it felt like shaking off an illness.
He says: "It's like being sick too long, you know? After a while, you finally feel like you've got your health back. We were able to kind of clean up the sickness that we had, and really needed to do it for ourselves, so we did.
"The second we transitioned and got Todd in the band, the morale just went through the roof for us. There was no weird dark clouds for us, and we just don't have that anymore. We're really close to each other.
"We have the same common interests, we're energetic, and we're happy. We're all working together as a team, and it's not just one person saying, 'You have to do it like this.' It's all of us making the decisions together and making the music together."
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Overview (2)
|Date of Birth
|30 November 1955, Westbury, New York, USA
|6' 2" (1.88 m)
Mini Bio (1)
Kevin Conroy was born on November 30, 1955 in Westbury, New York. At age 17, Kevin earned a full scholarship to attend Julliard's drama division, where he studied under actor John Houseman. In 1978, after graduating from Julliard, he toured with "The Acting Company", Houseman's acting group, and in 1979, he went on the national tour of "Deathtrap". In 1980, he was cast in the daytime soap opera Another World (1964). However, he soon missed the theatre, and so he became associated with the Old Globe Theatre in San Diego, California, where he performed in "Hamlet" and "A Midsummer Night's Dream". From 1980 to 1985, he acted in a variety of contemporary and classic theatre pieces, including the Broadway production of "Eastern Standard" and "Lolita". He is very respected in theatre circles for his interpretation of Shakespearean characters, and in 1984, he played the title role in "Hamlet" in the New York Shakespeare Festival. Kevin returned to television in the television movie Covenant (1985). He was a series regular on Ohara (1987) in 1987, and on Tour of Duty (1987) from 1987 to 1988, before starring in a series of television movies. He is best known for providing the title role in the animated Batman: The Animated Series (1992) series.
- IMDb Mini Biography By: Michael A. <email@example.com>


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2 CFR 200 (Uniform Guidance)
2 CFR 200 (Uniform Guidance)
The Office of Management and Budget (OMB) has combined many federal circulars, including A21 and A110, into a single guidance document that can be used by all agencies.
This combined document is known as "Uniform Guidance." These new regulations will become effective on December 26, 2014.
Federal agencies are tasked with developing their implementation plans under this guidance. To date, only the National Science Foundation has released their plans.
This website will provide information on how the University of New Hampshire will address the impacts from these changes.
Check here often for updates.
COGR List of Hot Topics Discussed with COFAR on May 13th and June 11th
COGR Request to OMB related to Procurement and Terminal Leave Issues (6/17/14)
COGR's Comments on NSF's Implementation Plan
Council on Financial Assistance Reform (COFAR)
FDP/COGR White Papers (Topic-based)
The UNH offices of the SVPR and VPFA will co-sponsor the "Engaging UNH in Uniform Guidance Working Group. The project team consists of senior staff from UNH central offices and USNH offices.
David Browning, Manager, Financial Research Administration, Sponsored Programs
email@example.com, 603-862-0609
Victor Sosa, Director Sponsored Programs Administration
email@example.com, 603-862-2001
Campus Communications
Letter from Jan Nisbet and Joanna Young
Proposal Preparation Reference Guide
December 15, 2014
Procurement Update regarding Uniform Guidance (UG) 2CFR 200:
Changes to the procurement provisions will go into effect July 1, 2016. This date represents a one-year delay/extension of the original implementation date. The University System of New Hampshire will follow the requirements of OMB Circular A-110 until the July 1, 2016 UG 2CFR-200 Procurement implementation goes into effect.
Presentations about the New Requirements
NCURA Uniform Guidance Webcast
Agency Implementation Plans and Communications
COGR's Comments on NSF's Implementation Plan


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This fall I'm going back to school to get a degree in business information systems and I couldn't be happier. Ugh I have to start looking for a job but being lazy is so much more my style. School helping my dad run his business fill a lot of my time. I like to hang out and go to the occasional kick-back. Summer is my favorite time because of camping, floating and late nights with amazing people. Message me if you wanna know more!
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Customer Reviews - Family Games Games
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The most magical game ever invented!
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A review for Key to the Kingdom.
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Lasts too long, too few game components
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A review for Crude: The Oil Game.
A nice version, but note that instructions are not in English
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Wonderful setting, but simply average game
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Reader comments are listed below. Comments are currently closed and new comments are no longer being accepted.
Germany keeps exporting worldwide (and compensates for falling exports to Europe) in part because it has an undervalued currency. With a stronger euro --the result of reforming the eurozone on German terms-- some of this advantage will be lost too.
Germany is muddling through with no concept of what it takes to be a regional hegemonic power. Its long term interest is in European recovery --but its actions are not not helping.
OMG, please get historic data on German exports and check the value of the DM, then you find that the beginning of your your statement is wrong. BTW Germany imports a lot (oil, gas, ....) which would become much cheaper with higher EUR.
And a more constructive critique on your side would include alternatives. The interesting part for me is that there are no clear concepts in southern coutries how to solve their structural problems. Transferring money to southern Europe and being told to shut up is not one for Germans. :-)
"Its long term interest is in European recovery --but its actions are not not helping."
Its actions are PRECISELY on this long term path. Only everbody else is just craving a short term solution and to hell with long term problems that might arise from that. Especially, if the long term bill will be passed to the North only.
Its a bit like a HIV postive macho urging a chick to have unprotected sex with him, right here, right now. In the short term, probably both will feel great but the risk of infection and pregnancy as well, are only the girls concern.
Would YOU advocate the girl to do that?
"Transferring money to southern Europe and being told to shut up..."
Considering quite a lot of the media reaction in Greece, Italy, Spain,,,,, its more like "...shut the f...k up..." to be more accurate.
Thanks for your comment. I appreciate the reluctance to being handed the bill. There are two dimensions in the problem.
One is about sustainability. All countries need sustainable policies. Each country in the South is a different case but the point clearly applies. Inflation or debt driven recoveries also have risks.
The other is German macroeconomic balance. Germany is being a little too monetarist now when the issue is not inflation. Doing more for the system is not the same as saying Germany must bail everyone out. But as Germany is maturing into great power status it needs, in the view of many, especially in the US, to contribute more in the stability of the world system.
German macroeconomic policies would make more sense if Germany depended more on financial center activities, as the UK, but this is not so.
The only responsible person who told anyone to shut the fuck up was Mr. Scheuble to President Obama. ("Herr Obama should above all deal with the reduction of the American deficit. That is higher than that in the euro zone.") It is his right of course to express his views. As an American of a certain age I found Mr.Scheuble's advice rude in its delivery, especilly as the US initiated and supported the EU in all fundamental ways and accepted quite a bit of free riding (with some parts complaining all along :-) ).
To your concern: No, Germany must not foot the (entire) bill. Countries in trouble need a lot of reform to become sustainable and in so doing they will hurt a lot. But is a matter of balance.
Take care.
Thanks for Your reply. I can of course agree with some of it. But since You are from the US, You need to understand some differences between US and Germany.
Germany is NOT to Europe what the US is to the World. First of all, we do not want to be a (soft / small) hegemon of any kind at all. Simply urging us to accept this responsibility is not appropriate.
The Federation of the USA is MUCH different than the EU. In the US You DO have a Federal Government, voted for by ALL people on a one man one vote basis. Therefore Mr. Obama, has massive influence on lets say Florida. In fact he could see to impeaching Floridas polticians, in case they break Federal laws. Germany can do NOTHING if polticians in the South "misbehave".
Utah, is not forced to pay, if California goes bankrupt. Not at all. But Northern Europe currently is nuged / urged / pressed / blackmailed (pick Your favourite) to do so for the South today. How would bailing out California go down in Utah?
Plus the different districts of the FED, MUST settle their cash imbalances on an bi-annual term with Gold backed certificates. But under the ECB the Target2 imbalances of our Bundesbank have already reached some 800 billion Euros. Thats a kind of extra credit, from Germany to the Club Med.
So from a German point of view taking on further responsibilities for other nations BEFORE creating something like a Federal Authority or at least granting significant influence on the political decisions of Club Med, all this boils down to "Taxation without representation", and of all nations on this Globe, the US of A should understand the validity of that motto?
I apologize for interjecting, but in the US there are actually rather large wealth transfers from region to region.
Relatively poor states/area (like the one I live in) receive more federal tax money than they pay in. Parts of the Northeast are effectively financing us, since they receive less federal tax money than they pay in.
If the EU is to survive, they'll probably need some political union in addition to the current fiscal one. That looks very unlikely, however, given that the difference between Germany and Greece is much greater than the difference between even New York and Alabama. We at least speak the same language.
Does any strong political union in the next 5-10 years seem likely to the Europeans on this board?
You are welcome to do so.
I'm aware of the Federal transfers in the USA, but - different as in Europe - You DO have a Federal Government, Federal Laws, Federal taxes, Federal Law Enforcement. So if some state screws up, it can be "forced" to change its ways, or will simply let go bankrupt.
There is NO Federal Government whatsoever in Europe. And this includes an absence of ANY fiscal union at all. That is exactly the point. The founding fathers of the Euro were trying to create such a union by creating a monetary union first. Horse in front of the carriage springs to mind.
This construction was bound for disaster, given the very disparate economies and mentalities, it could not work at all.
So a fully fledged political Union is exactly the long term goal of Angela Merkel. And AFTER it is reached - to some extent - she is willing to open the German chequebook, for a kind of transfer union.
But FIRST, the internal checks and balances have to constructed, approved AND guaranteed. So if everybody concedes part of their souvereignty, Germany would consider to pay up big time. But as I already said. No taxation, without representation. That is our conditio sine qua non.
Forging such a USofE will take at least 20 years, if the people find the proper will to accept it at all.
The problem is, as also Dusinberg and Mundell et al knew, in the same way a physician knows that aspirin doesn't cure cancer, at least Mundell knows that monetary union without prior political and fiscal federal integration is simply an oxymoron set up to fail.
The Euro is the biggest gamble and most stupid political decision in the history of human kind, although the aim is right but the means foolish, sort of like the war in Iraq. The problem is politics cannot be understood without social and natural science.
Wise-fools are allowed to inflict irreparable damages to society!!
Anybody with reasonable understanding about mixed monetary economies and have followed the current balance accounts in the Euro countries since 2002, would understand it was not if, but when the reality would hit.
The Euro and Greece problem can be solved but only with participation and support from the majority of voters in all European Union countries, as it is not only a Euro zone problem.
If chauvinism can be overcome unity achieved, then the Euro scheme to push a federal Europe would become a success and I will keel wise and remove fool.
The problem is that politicians in the different member countries, to be elected and reelected use vocabularies they believe the voters understand, applying my old seventies statement; "the behavior in government reflects the level of understanding and the moral and ethical value in the society that makes up the economy."
Thus, the question is will the voters in Europe see through politics and support reality, certainly the same applies to United States. Witness and compare California with Greece, Italy, Spain and Portugal and imagine a United States where states as California could just borrow unlimited rather than fix the systemic problems. One issue not often discussed in United States is Municipal Bonds a time bomb.
Along the line of Albert E; the problem in the world is not narcissisms and ignorance, the problem is those who do not do something about it – and obviously particularly in our universities.
Along the line of Albert E; the problem in the world is not narcissisms and ignorance, the problem is those who do not do something about it – and obviously particularly in our universities. With justification, we should ask; are our universities meeting their responsibilities to society, are they investing in relevant research? Or are they morally or ethically becoming the culture of JP Morgan and Wall Street?
Copenhagen August 18, 2012
Kell Petersen
When will the euro collapse? According to this article, it is already dead; it´s a zombie currency:
Euro isn't the only problem. EU is also the source of imbalances which is now causing crisis after crisis. Both euro and Eu have to be abolished. Then each country should solve own problems independently. That's the only workable solution, in the long run.
Exactly my opinion.
The pix-mix of European countries will never be a solution.
Countries which are similar can cooperate but not countries which stand in the most extreme contrast to each other.
Greece has nothing to do anything with Germany because it is Greece and Spain is Spain as well as Italy is Italy.
Only having the same currency is too little and not enough and meanwhile we see resurrect all former mutual hostilities, bias and stereotypes they have collected over centuries.
Well. this was already said when it was introduced. They did not give it more than a year, in particular when it started to depreciate against the dollar. It is now -after all the troubles - higher than then.
Surely it cannot come as a surprise to anyone that the German economy is slowing down. Some 40% of their goods are sold to the other EU countries. All of these countries are struggling economically. Many are up to their eyeballs in debt, and the people are being burdened with ever increasing taxes. All these austerity measures leading to job losses, and mass unemployment can only have one effect, and that is that the European public no longer have the money to spend on the high street. Pretty well everyone, particularly those that no longer have a job, is struggling to pay their household bills, and those that do have money, like some pensioners are seeing near a zero return on their investments. Put simply there are huge swathes of Europeans who no longer have spare money to spend on cars, and other goods. This also impacts on business, because they too are feeling the pinch, and are no longer investing in machinery and other things to grow their business. This means that nearly the whole of Europe is in decline. One thing is clear Europe can no longer be rescued by ever increasing borrowing, and growing debt. So, why is it that almost every country in Europe, including Germany is in this position? The answer is equally clear. Under the rules of the single currency each and every country has to be able to hold the value of the euro to within very tight limits. This is an impossible task, because the economies of Europe all have very different economy bases. Some are based on manufacturing; some are based on tourism, with many other variables. The idea that all these countries can hold the value of the euro to the very tight limits imposed is just plain crazy. There can only be one outcome. The euro is dead.
Germany cannot carry the whole of the southern eurozone on its back indefinitely, the strains are beginning to show. Big public sector spending economies have to get their govt spending under control ASAP?
Germany is benefiting from weak greek currency euro and protected market EU favoring german products. The current imbalances cannot continue. Germany has two choice. Support other countries or disband EU and euro.
Why is only Germany "benefiting from weak greek currency euro"?
Why not Italy, France, Spain ... or the UK, or the USA?
Protected are only the agrarian markets in the EU, not manufacturing where Germany is strong.
Therefore, your claim doesn't make sense - unless you add: because Germany got things right and the others don't.
Germany is supporting other EZ countries already in the ballpark of EUR 496 billion (read Economist 'The Merkel memorandum'). If this is not enough, then they should leave the Eurozone and form their own currency union as, e.g., "the anti-Maastricht-treaty-union".
But as it is, there is a treaty Germany and other strong economies are bound to.
"Protected are only the agrarian markets in the EU, not manufacturing where Germany is strong."
Totally nonsense?
Are you a latino? I thought Denial is a latin word that Germans do not know.
Within EU, German industries sell products without tariff. Furthermore using weak Greek currency! How American and Japanese manufacturers can compete within EU market? Note that Japanese and American companies have to pay hefty tariffs!
Without tariff revenues, how Greece and Spain can reduce budget deficits? It's because people are buying tariff-free German products!
Sikko..you really nead to learn your stuff before you are posting about it.
>>"Within EU, German industries sell products without tariff. "<<
As do ALL other EU members!
>>"Furthermore using weak Greek currency!"<<
You mean the Euro?
Totally true. On the other hand, Germany benefits from the impossibility for its EZ partners to devalue and thus stop German exports to them and ease their exports to Germany.
I have to qualify this, however: even within the EZ, there is space to adjust: http://www.voxeu.org/article/internal-adjustment-real-exchange-rate-does...
sikko: "Note that Japanese and American companies have to pay hefty tariffs!"
You seem to be a 'victim' of the 'ancient tariff fairy tale'. The reality is that tariffs among developed nations on industrial goods are either marginal or hardly exist at all.
The EU is a driving force behind the persuasion of other countries and regional groupings to sign Free Trade Agreements (FTAs) with the EU.
In fact, much of the trade flowing into the EU does so with preferences granted under a Regional Trade Agreement (RTA), with the exception of the agrarian sector: "However, some key sectors, usually agriculture, are often 'carved out' of agreements the EU concludes." (Citation from: http://www.dfat.gov.au/publications/eu_exports/section_one.html
Quote from the 2004 Index of Economic Freedom3: The Index lists the common EU weighted average external tariff in 2001 as 2.6 per cent. The weighted average tariff in 2001 for the USA was listed as 1.8%; Japan's as 2.1 per cent; Canada's as 0.9 per cent; Mexico's as 1.7 per cent; Australia's as 3.9 per cent; Listed as 'approximately zero' were those of Switzerland, Singapore and Hong Kong." (End quote).
Quote from "Trade. Tariff Barriers" (http://ec.europa.eu/trade/creating-opportunities/trade-topics/european-c...):
The EU economy is already one of the most open to trade. The average level of customs duty amounts to around 4%. ". . . EU tariffs for industrial products are among the lowest in the world. Moreover imports from many of the EU's suppliers of industrial products enter the Community at preferential rates under the terms of bilateral agreements, the Generalised System of Preference (GSP) or tariff suspension regimes. For instance imports from countries, linked to the Community through bilateral Cooperation Agreements enter at zero duty."
sikko: "Without tariff revenues, how Greece and Spain can reduce budget deficits? It's because people are buying tariff-free German products!"
Stay logic sikko: They are also buying tariff-free Italian, British and French products etc, etc and almost tariff-free (average 4%) from the rest of the world. (This doesn't apply to agricultural goods). Fact is, as Global Britain Briefing Note stated: "Customs Duties (are) hardly worth collecting" (anymore).
So, why do German goods have a trade-advantage over the other countries in your opinion (aside from the fact that German manufacturers have more sought-after goods to sell)?
Important in this context is also that approximately 'zero tariff' is imposed on imports from Hong Kong, according to "Trade. Tariff Barriers". And Hong Kong is, btw, also the largest trading hub for goods from China. Accidentally?
"weighted average tariff"
You always dig misleading examples and figures. Look, countries like Singapore, Hong Kong, Ireland, Netherland, etc., are trading posts! They have virtually zero tariffs so that trading posts create jobs and businesses. In addition, countries normally have no tariff for industrial commodities and parts, etc. If you include these, overall tariff levels are very low. They normally have much higher tariff to protect local producers and discourage imports. This is something Southern European countries are not allowed to do so. That's why they have huge trade deficits. After all, Germany should provide the shortfalls. Or abolish both Eu and Euro!
Do you still smoke crack?
Do you still think Germany sent astronauts into outer space 50 years earlier than China?
I will give you one thing: It is hard to arguee with you.
Not because you are a eloquent and "factful" person. Exactly the opposite.
You see, when you discuss with someone, like with la.výritý, it is a good thing to quote papers/articles/etc to make a good foundation for what you are trying to express. Attacking the arguments of others and singling out small parts you think you know something it is not a good way to continue conversation.
Otherwise it just seems that your "facts" are either made up to fit your argument, like in this, or you do not know what you are talking about.
ps. Why would you suggest anyone smoke crack? No more arguments and then turned 11 years old?
I use logic and reasoning because I am a kind of such person!
Facts are not facts if you don't use proper reasoning!
Look, Lavytary is in the german 50 cent army, german prauda!
Good morning:
I have written to you before (your thoughts regarding the US debt), if you recall..
After the US elections I will be doing some shopping-around for a currency other than the Euro..
I was thinking about the British Pound..
i)Presently in a recessionary environment, undervalued...
ii)Mervyn King reluctant to cut interest rates any further..
iii)A world class currency, bills readily available worldwide (as opposed to Nordic currencies at present)..
iv)Solid economy..
v)Investment horizon:Indefinite
vi)Motive: Safety and long term appreciation..
I like to have your thoughts on this matter..
Thank you, again..
Calm down. No need to get personal and unobjective. Give us some evidence for your statements, everything else is unqualified.
While Earthlings worry about austerity vs. stimuli, "Curiosity" is looking for new export targets on Mars. Since German know-how is incorporated in "Curiosity", it is likely to find some. At the same time, the Martian banking sector is in great turmoil!
Europe's economy, as a whole, is broken. One can only deny the inevitable so far. Armegeddon looms over western skies..
Germany is dying, Germans don't produce enough babies so have to rely on immigrants to do the work. Soon there will be only the offspring of these immigrants, so the German way will be read only in history books.
What the Germans are saying was said long ago in Great Britain, that a government cannot live beyond its means and expect things to run smoothly.
William Ewart Gladstone was correct, better to rely on him then Keynes.
"But let the working man be on his guard against another danger. We live at a time when there is a disposition to think that the Government ought to do this and that and that the Government ought to do everything. There are things which the Government ought to do, I have no doubt. In former periods the Government have neglected much, and possibly even now they neglect something; but there is a danger on the other side. If the Government takes into its hands that which the man ought to do for himself it will inflict upon him greater mischiefs than all the benefits he will have received or all the advantages that would accrue from them. The essence of the whole thing is that the spirit of self-reliance, the spirit of true and genuine manly independence, should be preserved in the minds of the people, in the minds of the masses of the people, in the mind of every member of the class. If he loses his self-denial, if he learns to live in a craven dependence upon wealthier people rather than upon himself, you may depend upon it he incurs mischief for which no compensation can be made."
The best what can happen to Germany that it is dying:)
I hope Germany wil have its break-down as soon as possible.
Only at that moment this European nightmare will be over for a long time:)
Europe is at its end and I hope it will stay in its well deserved end for ever.
Most second generation immigrants are Germans w/o any problems. Problems only exist, it seems, with immigrants whose cultures don't allow them to integrate into a secular society; so they can't intermarry.
Some sort of 'incited integration' might work ... or a repatriation program.
William Ewart Gladstone says quite complicated what Friedrich Hayek and his disciples from the Austrian School characterized with simple words:
Reckless credit expansion, increased government spending and sharp increases in the money supply (inflation) are the causes for the very recessions that they are meant to defuse!
William Ewart Gladstone FRS FSS (29 December 1809 – 19 May 1898)
Friedrich August Hayek CH (8 May 1899 – 23 March 1992)
Your boy wasn't much more than a stain on the bedding when Gladstone died.
You and cutters...did some european girl show you the finger?
I wonder where all the hate for Europe stems from. Don't you think it's abit..erm...insane?
What hate for Europe? Do you mean the fascist concept that is the European Project, because any hate for a fascist concept is perfectly reasonable, liking it is insane.
Okay...than hate the EU but you speak of Europe....
>>"And soon the continent will be nothing more than a bankrupt museum."<<
And then? Will you be happy?
If things keep up as they are, the continent will be a bankrupt museum. And it is those that have praised and built the European project that will have made it so.
Everyone knows it, it is obvious.
Okay....that might be. Or not...we will see.
What I would like to know is why you are so wishful and gleefull about it. Why do you hate Europe so much. It can't be only the EU and all what it entails be, can't it? That is after all a matter for the Europeans...they have to live with it. And you aren't a European, right?
I'm British you moron. I'm sitting across the English Channel watching the continent burn. I'm of the peoples that told you so.
It wasn't that long ago that Rumpuy and other fascist €Uropiles were calling on the death of Sterling, which seems to have come around a bit them in the rear.
I am totally justified in sitting back and chuckling at continental woes after all the Anglophobic hate coming from the continent.
Don't you think GB has it's own set of problem then to hope and wish for "Europe" to burn?
You are sick as the worst of the continent and you have not even the excuse of the Euro.
So please keep your advise for yourself. It's your ilk why so many Europeans are Anglophobes. Look into the mirror.
Go look in it yourself, it is your ilk that has turned many in the UK against the continent.
I don't wish for the continent to burn, it is burning. Extremism on the rise as your mainstream parties fiddle and the fascists declare more gravy for €Urocrats.
The continent has always caused problems for the UK, now is no different to any time in history.
anglophobic hate from the continent??!
you must be kidding.
See Part 1 below .Part 2
Apart from ease of debt repayment what's in it for Germany? Maybe a renewed 'Drang nach Osten'. Starting with Russia; they've got the energy but little effective industry, a malfunctioning polity and absolutely no Rechtsstaatlichkeit ( rule of law ) to use Angie's very words. Germany is the obverse in that it needs imported energy even more ( post the revised nuclear policy), has a perfectly reasonable if slow moving, compromise seeking democracy ( Bundesrat and Bundestag having equal say). Just as important - to the envy of France, the UK et al - Germany has the trained technical workforce that Russia needs to begin to recreate for itself. The countries in between, financed by a careful recycling of German workers savings this time round ( not like the last time) , represent not only a splendid export market but have their own relatively cheap well trained labour force should Germany begin to run out, c.f. Poland. This Economist itself published an interesting article on the %age of Eastern European countries GDP that is represented by industrial exports to Germany. In geopolitical and linguistic terms they are also well placed to outdo their rival France. A notable exception is Romania where the French build Renaults. But, of all the ex-command economies to choose this one would be at the bottom of anyone's list. It tells you something that that's where the dodgier end of Italian industry tries to outsource.
As mentioned above, the German speciality is the export of machine tools as well as fine cars. Their reliance on the former leaves them very vulnerable to a downturn in China and elsewhere in the East. Russian industry and the bits in between could do with some new kit. There was a hint of this when the German government was actually offering money on the table if Autogaz took Opel under their 'wing' with the aid of an Austro-Canadian parts manufacturer. GM eventually decided that the small/medium car technology gained ,of all places, from their late cooperation with Fiat was not up for grabs and, in the teeth of government and trades union opposition, decided to hang on in there.
Last but not least, as a recent article from the CER on Russia and China pointed out, if Russia can hold on in, any meaningful sense to their eastern territories, then Germany acting in concert with them would benefit from enhanced access to the more developed countries of the area apart from China : Korea, Japan, Canada etc…
A small plea for my own country of birth – the City albeit with some continental personnel with names like Deutsche Bank, UBS, SocGen is not bad at the banking, insurance and legal services that would be required to underpin such an enterprise. Plus, setting aside Sarkozy's little slip, ca. 15% of our GDP is manufacturing of a very advanced nature. – about the same as France. To lighten the load and to allow MD to say et tu Brutus:
You can always tell a German,
But you cannot tell him much.
If finance were just rocket science
You would'nt need to tell him much.
" V2 haff cures for Euros trouble:
Reduce der City again to rubble.
Mit bottled-out Vichy France on board
We'll soon pour Club Med down the drain.
Then einmal noch we'll turn back East
And on the Russki's markets feast.
As for the sandwich in between-
A Magyr, Polski, semi slavic horde,
Let's hope the meat is good and lean.
B.B.Q. Grill Parser.
in 1930, Germany was also the world first exporter
THere is no "Drang nach Osten" .
You are completely wrong.
The whole of Europe has been urging and pressing Germany out of Europe with all their endless hate , hostilities and aggressivety.
Germany never was never welcome in the West of Europe - quite contrary Gerrmany is still regarded in the rest of Western Europe as the worst and eternal enemy and Germans have ben treated by the West in an increasing way as nothing but inferior and the most hated enemies because of their ethnics.
Nobody in Western Europe was ever willing to accept the Germans as a partner. Germans have been and will be the underdogs in a system of Apartheid in Europe.
Inferior people by their birth, regarded as mindless drunkards and wild huns as each British and each American would see them since ever.
Getting pushed out of Europe , Germany will have no other chance but to join its best and most reliable partner which is Russia.
Germany never had any chance in Europe and so Germany will have no choice.
Kick them out of Europe and push them into the open arms of big Russia.
In Europe Germans are rightless underdog without any human rights but in Russia they are welcome as partners.
The wise Russia leader Stalin sad that Germany belongs to Russia.
Today anybody knows that he was nothing but right.
'Steady' as those old salt and pepper suited gents that have long left the British scene used to say. They were either prep school masters or military chaps who had 'got some in' and felt constrained to reprimand in the gentlest manner possible what was left of an over eager second lieutenant after his sergeant major had dealt with him. You've been admonished lad, now to the nexus of you plaint. Your intemeperate language and shaky logic and command of history does not obscure the fact that in attempting to contradict me you are in fact making my case. Casting the dangerous lunatics of the past aside one of which you quote ( Stalin, who was a Georgian and Schickelgruber who was an Austrian ) there is a case, which however inelequantly I put it, for Germany and the people of Russia to make some kind of common cause. The former to rebuild itself a market and the latter to gain not only some productive knowhow but also a glimpse of how a democracy works. As to the ditty at the end of my piece you should know that the reason I like to read mittelhochdeutsch is that when the flowering of German litterature came to an end ca 1250 irony was in short supply in Geramany until nearly the 20th century - Buechener apart.
"If finance were just rocket science
You would'nt need to tell him much.
" V2 haff cures for Euros trouble:
Reduce der City again to rubble."
Very good.
As somebody recently pointed out - Von Braun famously declared that all that mattered was getting the rocket up - it didn't matter where it landed.
Part I
MilovanDjilas in replying to ClausGehner must have got out of the wrong side of the bed this morning. Xenophobic invective is no substitute for reasoned argument. Normally MD writes with a combination of facts and opinions which, of course inasmuch as they replicate my own, must be right! Now, revenons à nos moutons : Germany has somehow got itself into a lose -lose situation. Starting from the premise that it is an export led economy with 40% odd of those exports going to the Euro area it faces two choices A) impose austerity as price for bailing out its Eurozone customers ( never mind the deleterious effect such austerity within the Euro zone might have on its non-Euro customers e.g. the UK and China ) or, B) quit the Euro and watch its currency – the Dumbo- rise by some 40% against the rump Euro, the Dollar, Renminbi et al – the Swiss disease.
Either strategy means not many BMW's henceforth being sold south of the Danube and West of the Rhine- the punters are either broke or can't afford anything priced in Dumbos. Examining a little further the composition of Germany's exports reveals them to be not just smart cars but also chemicals , machinery and electrical goods. These last two are subject to what economists call the accelerator effect which basically states that when economies are not just declining absolutely but also when growth rates decline the sales of investment goods fall off a cliff.
Most informed opinion seems to see the far East led by China entering a period of, if not decline, a definite slowing in the rate of growth. Whilst plan A) above keeps the German currency cheap the devastation it imposes not just on its hapless Southern neighbours but elsewhere in the world ( poor old Obama's 'phone bill to Angie must be getting to be a telephone number in itself) means that nobody including the other 60% by value of German exports is buying any smart cars or investment goods.
Given the lose-lose corner they've painted themselves into plan B) looks better. Germany's fast rising national debt denominated in Euros at some 80% plus of GDP would be doddle to service and pay off in Dumbos. And, there's just a chance that the remaining members of a very cheap Euro would be frightened enough to put through the labour, social security, free movement of services etc. reforms that are needed under any scenario. In Italy what we need is Monti and co. AFTER the currency has devalued to make sure we don't inflate it away in a nanosecond as usual.
It´s the other way around! Germany slows because austerity kills demand.
Paul Krugmann and the Keynesians analysis was correct. More QE does nothing now.
Only stimulating the economy can help stop this ongoing depression.
But of course we have to reconsider going in that growth direction at all, because we are killing the planet with growing ever more & more and more. 10 billion people burning fuel like we germans and americans do? That will let the price for fuel skyrocket. How will we produce 200 billion barrels of oil a day? We already have peak oil and the gas peak will soon follow. And climate change will soon be unstoppable. +6 degrees in the next century and New York under water!? Nice economic system we have build. It´s crap.
Dear Nyralat, you an only spent money
you are owning or
you have borrowed or
stolen or
printed.... Keynesian view is a a very simple view to simnple as shown last years
"How will we produce 200 billion barrels of oil a day?" -
Is that "billion" a typo? Cos that number is close to the oil reserves of Saudi Arabia and higher than those of Iran, Iraq or Kuwait. You'd need a global population of more than 1 trillion - no typos there - to require that level of oil production.
"Paul Krugmann and the Keynesians analysis was correct. More QE does nothing now.
Only stimulating the economy can help stop this ongoing depression."
- Paul Krugman. Enough said. As Niall Fergusson put it "The only person whose reputation has been destroyed by Paul Krugman's column in the New York Times is Paul Krugman" Krugman is proof that a Nobel Prize is no vaccination against utter nonsense.
And pray, how do you propose that Europe "stimulate" its economy? I can think of only 3 ways - taxation, inflation or borrowing.
Higher taxes will drive even more businesses out of economies that are already sclerotic, in terms of being able to compete globally.
Printing more money is just another form of taxation.
And do you know of anyone lately who'd be willing to sink..ooops, I mean "lend"...those sums of money to the likes of Greece or Spain?
So WHERE is this great stimulus going to come from? Santa Claus? The tooth fairy?
- Assumption: The Economist readers, writers, and editors are not "Kinder" - Bad assumption.
- Reason A: The Economist editors never misses a chance in mocking about the Germans and German approach to business and economy,in good and bad times. The Germans deserve credit NOT "0ver-spending or over-consume".
- Reason B: some readers are ... hmmm... like this one: "As for an "unwarranted" Nazi comparison... Get used to it. Mario Monti tells Germans he is worried about the rising tide of anti-German sentiment in Italy and they scorn his words?..." (posted by
MilovanDjilas in reply to shaun39 Aug 17th, 06:16)
Now, ...
-- One point agreed: Berlin - Merkel's government is anti-Europe. Because of her background, Merkel did not experience the rising and the need of a united Europe. She must change.
- However, mind you all PIIGS countries are democratic countries and have lived and consumed beyond their means for the past 2 decades. If the system does not change, it will be a never-ending black hole. No one can pay for it, not even the Germans.
- Learn something from Irland and the Irish people, they know what they have done wrong and endured the cut-backs and moved on.
- Germany shall help its southern brothers, but as the saying goes "if you give a man a fish"vs."if you teach a man how to fish...". By the way, in the western world, does any bank lend money to any individuals without condition?
After all, EU and EURO must stay, must reform. Can any of these countries stand up to the US or China as an independent equal political or economical player? Will Germany, France, Spain, Italy, Greece or the Great Britain?
"- However, mind you all PIIGS countries are democratic countries and have lived and consumed beyond their means for the past 2 decades. If the system does not change, it will be a never-ending black hole."
Plain wrong. Every country has other problems and other bubbles that burst. There was to much capital looking for big investment >7% and this "end of history" nonsense going around.
Read Paul Krugmanns articles and blog.
What do you mean with "big investment > 7%"?
Did you mean "return on investment"?
If you are talking about the latter then you're wrong, since the money was lent to 'Greece et al' way below an adequate risk-surcharge.
The average lending to Greece from its Eurozone partners was below the 2.7 per cent marker.
This, of course, has changed now, since conservative institutional investors don't invest in Greece and the likes anymore after these countries lost their good rating.
Antidot Nyarlat: "Read Paul Krugmanns articles and blog"
What if one doesn't share Krugman's political and economic views?
In the eyes of many Americans the man seems content to put politics and propaganda ahead of the furthering of economic thought. A growing number of people are convinced that Krugman spews a lot of economic nonsense, and that his defenders desperately cling to his Nobel Prize, as if it were some sort of magical qualification that supersedes all logic and common sense.
E.g., Krugman advocated sub-prime lending in 2002. He had recommended policies that created the housing bubble. Basically it was Krugman's Keynesian stimulus idea for a slumping economy which in 2008 blew up in our faces. The same man who claimed a few years ago that "debt is no problem", advocates now to default and get rid of the 'killing debt trap'. September 25, 2010, on his NYT blog Krugman wrote:
Quote: "I think it's fair to say that a majority of economists believe that excessive private debt played a key role in getting us into this economic mess, and is playing a key role in preventing us from getting out. So, how does it end? In the end, I'd argue, what must happen is an effective default on a significant part of debt, one way or another. The default could be implicit, via a period of moderate inflation that reduces the real burden of debt; that's how World War II cured the Depression. Or, if not, we could see a gradual, painful process of individual defaults and bankruptcies, which ends up reducing overall debt." (End quote)
What Krugman seems to ignore totally is that every default of a borrower creates reactions with the lender. "Once burnt, twice shy" would be the proper description. Investors don't invest in private borrowing any more since they got burned in the mortgage crash. Lenders ask high risk surcharges now even of sovereign borrowers from whom they think they can/will default.
Italy, Spain, Greece etc. are feeling now the aftershock of the sub-prime lending bubble that burst almost 5 years ago. They are 'punished by the markets' now for the massive losses investors experienced then. Consequently potential creditors rather invest in gold or commodity futures or simply 'sit' on their monies.
Inflation will have the same effect. Investors will flee from countries with high inflation and instead seek 'safe havens' (e.g. Swiss Franks), real estate in 'safe' countries or gold, precious metals and commodities.
This is why one could easily counter your claim with: Read Friedrich von Hayek!
It is the 'Austrian School' which proposes fully justifiably that reckless credit expansion, increased government spending and sharp increases in the money supply (inflation) are the causes for the very recessions that they are meant to defuse, for the very reasons given above.
History, logic and economic fundamentals are on the side of the Austrians, dear Antidot Nyarlat.
@ La V. : "A growing number of people are convinced that Krugman spews a lot of economic nonsense, and that his defenders desperately cling to his Nobel Prize, as if it were some sort of magical qualification that supersedes all logic and common sense."
Witch doctors have the same problem with medical science. But shibboleth economics is just voodoo compared with the scientific version. Krugman's Nobel may not make him infallible but it is an academic endorsement that demonstrates that he isn't merely another mindless unemployed crank shooting his mouth off ...like...well, you actually.
"E.g., Krugman advocated sub-prime lending in 2002."
He did not advocate sub prime lending in 2002. Another way we can distinguish between a Krugman and a mindless crank is that Krugman doesn't just make stuff up.
"He had recommended policies that created the housing bubble."
He advocated a Federal stimulus in order to counteract an economic contraction and a reduction in the money supply. The housing bubble was entirely created by the private institutions that decided to increase their loan volumes on the easiest possible terms.
@La V.: "What Krugman seems to ignore totally is that every default of a borrower creates reactions with the lender. "Once burnt, twice shy" would be the proper description. "
What Krugman understands (and you clearly don't) is that the lenders have been entirely protected from the consequences of their own folly. That is the moral hazard that is destroying the global economy.
The burden of their epic failure has instead been imposed on the taxpayer and on the broader productive economy. If you were a real Austrian (von Mises, Hayek and Schumpeter) you would advocate the complete creative destruction of all these feckless lenders and therefore all of the savers whose money they so casually misused.
The mass elimination of bondholders and rent seekers to that impoverished status more in keeping with their contribution, capacities and capabilities certainly has a satisfying ring to it. But unfortunately (as Keynes understood and the Austrians did not) the collateral damage would have been too colossal for the economy to contain. So the lenders were bailed out.
But this does not mean that there is any justification for not imposing higher future taxation on them or inflating away the value of their asset base. What they have confiscated from the taxpayer and the economy must be confiscated back from them. Of course the smarter one's will use this small window of opportunity to invest in productive economic activity whilst the blockheads who bleat about their right to a risk free return will be deservedly sheared like so many sheep in Spring.
Determined printing in the US and Europe will export inflation to all exporting nations that seek to protect their market share in those dominant economies by depreciating their currencies (Switzerland, China, Japan and post euro Germany).
Maher: "Krugman's Nobel may not make him infallible but it is an academic endorsement that demonstrates that he isn't merely another mindless unemployed crank shooting his mouth off ...like...well, you actually."
LOL. At least I can afford being "unemployed" upon retirement from a professional life that made all this possible, and more. A greenhorn like you still got a long way to go to achieve that.
Regarding the first part of your response, "Krugman's Nobel . . . is an academic endorsement that demonstrates that he isn't merely another mindless unemployed crank shooting his mouth off", I gave the explanation already. Nobody in his right mind thinks that Krugman "is merely another mindless unemployed crank", but, I wrote, in the eyes of many Americans the man seems content to put politics and propaganda ahead of the furthering of economic thought."
Kugman was not directly involved in the decision making process that led to sub-prime lending in 2002, but he promoted politics that led to that decision. Later he claimed that it was the repeal of the Glass–Steagall Act in 1999 that led to the subprime meltdown.
This is not true and Krugman knows it. The vast majority of failures were either due to poorly performing mortgage loans, permissible under Glass-Steagall, or losses by institutions that did not engage in commercial banking and thus were never covered by the act.
@La V.: "At least I can afford being "unemployed" upon retirement from a professional life that made all this possible, and more. A greenhorn like you still got a long way to go to achieve that."
An unsupported (and unsupportable assertion) of your success is followed by a wild guess as to mine. Something that you don't know (and which moreover you cannot know) is asserted as fact. This enthusiasm to make stuff up is what marks you out as a mindless crank.
My assertion was not that you were financially unsuccessful in life but that - given the mountainous evidence of your prolific posting (and your even more frenzied propensity to log on under multiple identities in order to self recommend)- you are clearly unemployed - or retired if you prefer.
QED: you are an unemployed crank.
@La V. : "I wrote, in the eyes of many Americans the man seems content to put politics and propaganda ahead of the furthering of economic thought."
Maybe. For my part I believe that most Americans would rather see the under taxed wealthy far less proud and the over taxed middle classes far more content. The period in which the Republican party remains captive to the Forbes rich list cannot last long because it is incompatible with Republican electoral success.
As for Krugman. He is amongst the tiny group of economists who have received the Nobel precisely because he has indeed furthered economic thought. Unlike super successful you he doesn't just make stuff up on a blog and waste valuable hours awarding himself recommendations.....
Bravo Maher!
Well said.
We are heading rapidly towards a watershed moment. I think the Euro will survive because it would be too costly for it not to. And some differences will be papered over in polite press releases... But beneath the diplomatic veneer a rift is developing between Germany and France/Italy. The rest of the continent will queue up on one side or the other, but the majority will align themselves with Rome and Paris.
Poor Maher. Do you know what the Christian bible says about fellas like you? Your type constantly looks at the speck of sawdust in the eyes of others ... and pays no attention to the plank in your own eyes?
My response to your idiotic assertion wasn't any more 'unsupported' than yours before that. I could have simply said that you are indeed the "mindless unemployed crank" you labeled me with, ... you narrow-minded a**hole!
I just read another assholic, unsupported assertion of yours: "propensity to log on under multiple identities in order to self recommend".
I didn't even notice, until now, that almost nobody recommends your 'intellectual' droppings. From this it follows that you're just a lonely (jealous) "crank".
I don't need to recommend my own posts and I do not have "multiple identities". That seems to be rather your and your schizophrenic ilk's state of mind.
'Sorry' (LOL) that your smelly droppings have so few followers.
I agree 100% . . ., the majority, where the the Blind is leading the Lame!
And soon the continent will be nothing more than a bankrupt museum.
interesting to note that with interest rates for loans in Germany close to zero, they are not stimulating the economy. This shows you how interdependant Germany is to the rest of the EU.
No.. this must be wrong.. the figures must be wrong.
The political and economic elite of Germany, these honest people, followed by the genius Sarkozy, said it clearly 3 years ago.
The problem was in the South and only there. And the solution should have as prime characteristic the punishment and not the effectiveness. After all the democratic, moral and historically proven idea that they cultivated and allowed, ie the people of the South are a special race of lazy people, muxt have been correct as well.
Moreover, when the elements for the crisis were building up, Germany knew nothing at all.. Germany never broke any treaties...
It was the South that was the bad boy!
Ok.. the vast majority of economists were saying since day 1 that this is a pile of crap and that the problem was deep and general, with responsibilities spread in all countries.
But who cares about the??? Merkel knows better and most surely has the balls to enforce her views and opinions to other European politicians. She even found followers both in Germany and abroad.. all of them far right wing, ranging from not friendly to hostile to the ideals of the European Union.. But this is just a coincidence, e?
As for the side of politics of morality of civilization.. we will forget all that, e? After all national and international economics are like household economics.
Konrad Adenauer was naive when he stated the Union comes first and then every nation. The prosperity of the last 50 years in Europe was not a result of this elemental and basic notion, it was a coincidence.
So, let us forget the numbers, let us forget the economists that are shouting that Germany at the end of the day will loose as much as Greece and Spain and Italy, the sociologists and politicians that the anger of Germans in such case will be far greater than that of the Italians the Greeks and the Spanish now, the morality of the EU, the last 50 years, and follow the perfect plan to the letter.
And of course, kick out a couple of countries as well... to make an example and multiply in this way the effectiveness of the plan!!!
Let's change Europe!!! Let's make it a different place!!
Let's make it the place the Bavarian Christian Social Union dreams of, and not what Adenauer had visioned!!
It's not a "laziness of the South" that damaged these countries, but rather their 'Pipers of Hamelin' who ruined them; charlatans who fooled their electorate into the belief that democracy is an "endless cornucopia" that only needs to be tapped (by them, since they have the only key) . . . Instead this turned out to be not an "endless cornucopia" but a "bottomless pit" of cheap promises and pseudo-socialist experiments. Now, the fooled electorate faces a rugged awaking from what appears to have been a nightmare.
Be certain, the German taxpayers will not pick up the bill for the south. This is politically not feasible - not even in this moderate consent-democracy. By the end of the day the Germans can always do the same which some of the GIIPS countries are 'threatening' to do: defaulting on all foreign euro commitments, undertaking a currency reform (as the Germans successfully did in 1948) and start all over again with a super-competitive economy. Within no time they would be a top economic power again, a larger version of Switzerland.
The uncompetitive countries have no other choice than to default on their piles of debt, return to their own currencies . . . and learn from their mistakes (hopefully) of their "Piper-Of-Hamelin-Past".
Please do it! It would be the best opportunity for other countries in Europe to grow. The end of the euro and the German control of the entire continent for its purposes is the best thing that any bullied European country can dream!
Anyway, then we can wait and see your "top economic power again, a larger version of Switzerland", I'm sure we'll laugh out and clear. This statements clearly proves how irrational and short-minded the Germans are, they cannot understand any system which requires cooperation instead of annihilation, it's beyond their minds.
I fully agree..
This comment of yours is one of the few that has more truth than falsehood in it. Certainly it describes the case of Silvio Berlusconi, whom we on the Left have long called "the Pied Piper of Arcore" (his hometown).
Part of your problem however is the lack of an objective approach to Socialism in the 21st century - you are too much of an ideological American Republican. The socialists in Italy have for 20 years believed in the rescue and consolidation of the accounts of the Civil State. The Left are not the free-spenders in Italy and have not been for decades. The free-spenders are the Vatican's henchmen on the Right, who are that way as part of an intentional strategy to keep the Civil State weak. Electoral support for Berlusconi from the Church was part and parcel of this strategy.
I would remind you that when Romano Prodi was forced by elections to hand over the reins of power to Berlusconi in 2008 (only four years ago!) he left Silvio a deficit of 1.7% and a debt ratio of 104%. Prodi's Centre-Left coalition fell apart for a number of specific parliamentary reasons, but the background was the fact that his government slammed down the brakes hard on spending - creating much discontent within the coalition and especially at the grass roots. With Silvio in control of so much of the mass media, the government did not have the means to explain to the people the absolute need to rein in spending.
"This statements clearly proves how irrational and short-minded the Germans are, they cannot understand any system which requires cooperation instead of annihilation, it's beyond their minds."
Agreed. Apparently impossible for the Germans to be team players.
Germany betrayed the NATO alliance over Libya last year. They could not even bring themselves to vote together with their "allies" at the UN. It has taken us too long to wake up to the facts: this is no longer the West Germany - "We are good Europeans, not bad Germans" - we grew up with. This is unified Germany which believes a return to its own Nationalism is simply a return to "normalcy". But there never was a "normal" German Nationalism.
Is that your qualified and objective opinion?
Reading all of your comments on the EURO subject so far I would assume you are from Italy or Spain and very disappointed with the situation in your country. I truely feel sorry for that, but grow up and stop pointing fingers at others all the time. That is really immature behaviour...
Check the figures with reference to how much Germany is guaranteeing already for other countries...Nothing more to say...
Countries that are not willing to reform and to get the taxes of their own people are the ones that are not teamplayers
One more thing in case you do not know what I mean with evidence:
Check out the following link and you will learn more about paying taxes in Italy:
Don't get patronising with me. "Immature" my foot.
I am Italian from Trieste. In Friuli our unemployment is 6% - lower than in many parts of Germany.
I am disappointed with German leadership or the lack thereof. Greece represents less than 3% of Euro-zone gdp. Under no circumstance should their purely local problems have been allowed to trigger a systemic crisis of the Euro. Thanks to German incompetence, corruption and hypocrisy, this has now happened - and the truly annoying thing is that in the short term Italy pays the price for German idiocy.
Don't worry, we will make you pay for your stupidity and bad faith.
1) Do not presume to tell an Italian about conditions in our own country.
Have you read the article yourself - perhaps with an automatic translator?
Our experts and government sources estimate the underground part of the economy is 18%.
2) Keep in mind that the best guesses in Greece are about 30% - we are very far indeed from the Greek case.
But I encourage you to read up on the German underground economy - which you hypocrites do not do: best guesses in your country are about 13.5%. In the end Italy has only about a 5% larger underground economy than Germany.
I should admit at this point that in the 80's we too were at 30% - but Maastricht, the threat of Islamic Terrorism (no more uncounted monies should be floating around) and the Financial Depression and the need to scout out more revenues for the State have taken their toll on the phenomenon.
3) The battle as described in the article is largely bogus. Not because they are not trying - but because it is idiotic. The largest sector of the underground economy in both Italy and Germany is related to the market for illegal drugs. Are we ready to legalise those (which would be the best way to bring them out of the underground economy)? How about prostitution? In theory it is legal in Italy (being an Accessory is illegal) but in practise the State has become quite intolerant of late. More lost revenue.
What the police are doing are harrassing decent, hard-working folk and businesses. They have shaken down every company in my affluent Region, applying millions of euros in fines for commas out of place on invoices. Anybody with a VAT number (tens of thousands of people) is fleeing abroad to avoid being shaken down.
4) The Germans are racist and their mass media does nothing else other than sell them images of their own prejudiced assumptions.
Fiscal revenues have now reached 55% of gdp in Italy. They are not scouting out evaders (the big ones are well-ensconced in the Cayman Islands anyway). They are destroying families and businesses. If they take any more money in taxes we will not be able to eat. On a practical basis, independent professionals are now paying upwards of 70% in taxes AT ALL INCOME LEVELS (including those who earn perhaps €15,000 annually).
What do you think? That we will be able to afford 60% or 65% of gdp paid in fiscal revenue?! Our companies and citizens are surviving by going abroad: FIAT docet.
This 2% inflation policy at the ECB is asinine. We are being crucified on the German Cross of Deflation. And hatred of Germany has returned to the levels of 1945. (Primarily among businessmen.)
We are surviving by digging into family savings. This is stupid. There was no need for a double-dip recession, and the fact the West now finds itself in this situation (temporarily hidden by sub-prime auto sales in the US and artificial auto sales in Germany) is evidence of the incompetence of this generation of leaders: from Merkel to Cameron to Berlusconi to Sarkozy.
Excellent work, give yourself a pat on the back.
As always you tell it as it is.
The more honest people lik eyou the better.
Completely agree. The inflation of 2% is the weapon of mass destruction that Germany is using against South Europe, when a target of 4/5 % in 3 years would be suitable for Germany and the South, helping them to survive and reactivate their economies instead of annihilating them.
As the euro zone goes into another recession, Germany is slowing down", this is a very usual economic happening in the global economy indeed. The main cause for slowing down of the German economy is the dependency factor. The economy failed to manage its overseas dependency in the past, too. Therefore, the slowdown which is occurring now was an inevitable result.
Southern Europe will need "Panic" to deflate the bubbles!
Naveen, it is interesting to see that virtually every nation in the world plans on getting out of the recession (or depression?) by exporting more. But if every country wants to export, who is going to import? And WHY, is the big reason. Practically every nation in the world that has any money, isn't having enough babies, and hasn't for years, and often for DECADES!
The economies of the world lack demand, because women all went out to work for money, and nobody is having enough babies! And, you can't suddenly "bake a baby" today and deliver it to the economy tomorrow. Besides the 9 month gestation period, there is a 20 to 30 year period before these "babies" born now become productive enough to be making more than they are spending.
But, just like farmers, though there are hazards, if we don't plant and bring to harvest, we won't get anything! This is what we MUST do again in HUGE and GENUINE earnestness.
Money is only one indicator of human activity. It can't substitute for all human activity. Money "talks", and it "walks" (usually 'away'), but it doesn't need a diaper, a 'bottle', or a long growing up period.
For far, far, far too long, we've taken people, literally, for granted. Someone, somewhere, Mexicans for the U.S., Algerians for France, Turks for Germany, Indians and Pakistanis for the UK.
And only people buy homes, businesses, and products and services. Yes, dollars or euros or pounds 'buy' these. But a person has to actually make the purchase. It doesn't happen with only money.
The last paragraph seems rather strange to me:
"The last time it managed it was with German unification in the 1990s when tax incentives promoted investment in eastern Germany. Similar incentives to encourage investment and outsourcing to peripheral euro-zone countries might do the trick."
Where, may I ask, is the similarity? Investing in eastern Germany was good for Germany because it was an investment in, well, Germany. (Apart from the many, many other reasons why the European south in its current state of affairs is not comparable to eastern Germany in 1990).
German capital exports (new car plant in the UK, US, China and Brazil) will negatively impact German exports.
However the value of these overseas investments to the German economy is not lost. The return on this capital will provide a very useful contribution to Germany's balance sheet.
Exports will be lower but the yield on Germany's overseas assets should be higher. If the income (yield) from Germany's overseas holdings is greater than the yield earned by foreign investors in Germany then the difference is a net contribution to German GDP.
It isn't unlikely (if these company's have done their due diligence) that the net returns will on the overseas investments will be greater than the GDP effect of the fall in exports.
Of course this overseas investment also reduces future German employment opportunities. But with German unemployment now at record lows and a sharply downward trend in the size of Germany's working population demographic this negative effect may also be mitigated.
Nonetheless the shift towards a greater share of German GDP being generated domestically is further reinforced by such outsourcing.....
You're on the right track when advocating that a rich demographically challenged country should invest outside the country. But I think the resulting economic magnitude should be called GNP not GDP
Der bloede Englaender aus Italien
Thanks for the correction.
GNP it should be....
How very civil of you to accept with such grace a small correction - a civility which seems a bit lacking alack in this week's crop of writers. Try my two pieces above - unfortunately as I'm from the stone age they're in the wrong order.
Are we reading the same article?
The Economist: "German companies have found growing export markets in Asia, central Europe and America that more than make up for a fall in demand from euro-zone countries. A weaker euro has helped. The German trade surplus is so huge—nearly €100 billion ($123 billion) in the first half of the year.
. . . Consumption is actually quite steady. Retail sales showed a 2.9% increase in June compared with June 2011. The job market is robust, despite big lay-offs in retail chains, banks and power companies. Some recent union agreements have raised wages by as much as 4.5%. The property market is buoyant, especially in the big cities. Consumer sentiment as measured by GfK, a research company, shows that citizens feel well off and have a willingness to buy . . ."
BTW, Germany is also the world's biggest importer and consumer of French goods, Spanish goods, Portuguese goods, Italian goods, Greek goods, Austrian goods, Finnish goods, Dutch goods, Slovenian goods, British goods etc., etc. - you name it!
"The German trade surplus is so huge—nearly €100 billion ($123 billion) in the first half of the year."
This monster trade surplus is the reult of Greek currency euro and EU protectionism favoring German industries. EU and euro should be abolished. Otherwise the imbalance will remain, thus the global imbalances and crisis!
Here again, where is your evidence? If you just want to state your opinion then kindly make use of the yellow press...
Boycott German exports until the Germans assume their new international responsibilities. So far, they have been as pathetic as the Americans were after WW1.
Excuse me but the Americans didn't have an EU style union with Europe after WW1.
Wrong comparison.
Hello bampbs,
Yes, that is the conclusion many people are coming to quietly here. That dynamic in general is hitting German luxury products first - and cheap (food) products last.
The Germans are resisting by exporting to China (oops! they are in recession also - and guess what! Lying about their growth figures: I guess China is no more honest than Greece in the end, eh?) and lying about their auto sales statistics, from Europe to North America to South America to Asia. Up to 30% of German auto sales are being titled to their own dealers (and the manufacturers themselves) and then sold later as used (demo) cars.
And to help this pledge, lets mark their products with a warning note ... something like "Crafted by Teutons" ... no await "Made in Germany" sounds better ... what a cunning plan.
"Boycott German exports until the Germans assume their new international responsibilities"
You can do that. But think about the next step. Germans boycotting your countries goods (assuming that country produces any).
What goes around comes around.:)
"Boycott German exports until the Germans assume their new international responsibilities"
You can do that. But think about the next step. Germans boycotting your countries goods (assuming that country produces any).
What goes around comes around.:)
Well, well, no surprise that MiloWahn supports any anti-German utterings. I think I will start boycotting Italian products.:)
Meaning, I suppose, that the Americans should have helped the Europeans cook up WWII?
Sorry . . . we're grateful for the oceans.
"Well, well, no surprise that MiloWahn supports any anti-German utterings. I think I will start boycotting Italian products.:)"
Well, that would certainly be a change from the current situation, eh? Too bad you fail to notice that has already happened. That's what Germany's large trade surpluses mean.
When EU and euro are abolished, German economy will face unsurmountable challenges. Basically Germany is benefiting from Greek currency euro and protective market EU. When both gone, Germany will be left with riuns and piles of debts.
The nonsense to be found here is just breathtaking.
But then again it gives you a good idea what some people
with all their prejudices and semi-education actually think.
Evidence? Totally unqualified comment
A comment definitely befitting the pen name 'sikkosiks', if the reader is a Turkish speaker that is...
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Leaf-drying a sign of shock on a VFT?
Okay so I've had my VFT for a couple of days now and the edges of the leaves are kinda yellowish. I transplanted the plant from a death-cube to a 4-inch pot filled with the standard mix about 3 days back when I bought it. The plant was in an extremely humid dome with lots of condensation so I took the dome off and now have it in my terrarium where humidity fluctuates from 55-75% throughout the day. The leaves of the VFT are as I said, become a little yellow around the edges. Is this because of the shock of it not acclimating to the environment yet? It's traps are nice with a pinkish-red interior, and the new leaves emerging from the crown are growing at a moderate rate, increasing in size a little more everyday.
It is probably from the damage of transplant.VFTs and others get root damage very easy. Did you just pull the plug out of the death cube or did you remove the old media? The best way to transplant CPs is to transplant the current media with it so you disturb the roots as little as possible. I would just water and leave it alone for a while. If there was little damage it should be ok. Old leaves die off anyway and I wouldn't worry unless the grow point or center turns color and stops growing but even then I have seen plants come back.
Good luck....taz
When I bought it, I transplanted it from the sphagnum it was wrapped in to a standard peat/sand mix, with some sphagnum as a medium dressing. I have it about 1 and a quarter of an inch of RO water at the moment. I've noticed that the yellowing of the leaves is gradually slowing down, and there's nothing wrong with the growing point. Small traps are visibly growing out of it and I had a couple of them open up today...ready for business.
My cousin grows VFT's and some sundews in a 30 gallon terrarium and he doesn't have any problems except for the occasional fungus. He's been growing them this way for like 3 years, adding a refrigerated dormancy in the winter for the VFT's, and his plants look way better than mine.
It's probably shock, assuming nothing else (insufficient light, bad water, etc). VFTs (and really all CPs that I've grown so far) seem to like to go into shock if anything major changes.
For example, I have 2 that I just moved outside and they're *pissed* -- wilting and shriveling up.
Here's what they looked like the first day (They are in a 10" High-Density Polyurethane Foam Pot for insulation):
And a close up of day 2:
However, the growing point appears fine, so it's just shock, I believe. Hope, anyway, I'm running out of VFTs! ;)
Is fourteen hours under two 100 watt CFL bulbs enough light for them at this point? The leaves have about stopped the yellowing except for one that is still yellowing a little bit. I believe it's an oldie. I've also fed two of the traps over the time period in which i've had them: a baby grasshopper and a beetle. The plant itself has also caught one of it's own prey. I think that it may be a fly based on the silhouette.
1 1/2" of water is too much unless it is in a tall pot. You don't want any part of the bulb in the water, only the roots. 100wt CFL?? Do you mean 100wt replacement bulb, the coil type?
If so that's not intense enough. VFTs are very demanding when it comes to light. T12 sunstick or otto-light is all I use but you can also use a high output CFL or T5. You will need at least two 24" fluorescent tubes to get the light you need for your VFT to be happy without sun light.
tommyr give it up. They do not need full sun to thrive. You are obsessed with giving people false info. Are you related to scottychaos? He is from NY and also thinks his way is the only way. You will learn.
The plant is in a 4.5 inch pot with 1 1/4 an inch of water. Yes, I do use the replacement bulbs. I keep the plant about 6 inches away from the lights. My terrarium is only 20 inches wide and 8 inches tall and I doubt I can get other bulbs. I'm thirteen so I have to ask my parents if I'm to buy more things and right now, my parents aren't really so supportive of me buying so many items for the plants because we're on a budget. Have any cheap alternatives? I also forgot to mention, the tank top only accommodates bulbs, not tubes. : (
1/2" of water is high enough. I'm afraid your lights are not bright enough but get your plant as close to the lights as you can and set your timer for 16 hours. If it starts to decline move it close to a window where it can get some sun light and crack the top so it wont get too hot.
I have been considering that if the plant isn't out of its shock in about 2 weeks to a month, I'd acclimate it to a east-facing window that gets approximately 5 hours of direct sunlight: 6:00 a.m.- about 11:00 a.m. by giving it an hour of sunlight every day for a week(including terrarium lighting as well) and then giving it an extra hour the next week and so on until I can leave it on the windowsill completely. I'd give it some kind of cover, like a bottle terrarium so that it doesn't go into a worse shock from the drastic change in humidity.
Also, I have the plant on 15 hours of light, still 6 inches away. The spring-summer/long-upright leaves are kinda droopy, but this is how they were when I first got the plant. If the newer leaves come in as tall and stiff, with nice green color, will that mean that I am growing the plant in suitable conditions?


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Two DLHS students receive Triple A honors
This past winter, Detroit Lakes High School selected two seniors to represent the school in the Section 8AA Triple A (Academics, Arts and Athletics) Award. Two winners were selected from Detroit Lakes' section, and eventually a boy and girl State winner is chosen from A and AA schools.
This year the representatives from Detroit Lakes High School were Mollie Kuether and Luke Champa.
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Reflection of apartments from office windows. Queen Street, Melbourne
congratulations on your feature
Hi Maria,
I am thrilled to be featured in the Shapes and Patterns group.
– Ivan Kemp
Excellent abstract Ivan :)
Thank you for your kind comment, I am pleased that you like this composition.
– Ivan Kemp


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The best hotels
Hotels of the monthArtistic hotels. In our Hotel Tips for April, we present Design & Lifestyle Hotels. Stylishly furnished rooms, art exhibitions in the lobby and hotels of extravagant design by renowned architects. Not forgetting that the wish to be surrounded by beauty and inspiration is particularly intense in spring.
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I'm fairly new to Objective C, but have had some experience with Java. In Java tools like JUnit and JDocs can be extremely useful. Do these tools have parallels within Objective C, or are there even more useful tools for Objective C? At the moment I'm using X-Code and the iOS simulator.
Thanks for the help!


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Nintendo DS Lite Crimson & Black Handheld System
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it is okay for young children
Hello there people
Today i am reviewing a ds that is very good for young children. It has alot of games that you can play on but only for kids because adults will not enjoy it because they are only made for them. It has a messaging thing where if you are connected to your friends it is fun... Read full review »
This DS lite is perfect for all pokemon lovers of all ages. My kids all love playing pokemon games on this handheld console. Read full review »
Best Color yet!
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Coolest color for a DS lite!
Of all the colors to choose from, my 7 year old decided this was the coolest one! Nintendo DS lite has a great selection of games to choose from with something for everyone! The button layout is similar to what the Gamecube had, as well as the original Nintendo system and SuperNES making it easy... Read full review »
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Nintendo DS Lite Crimson / Black
Product Details DS Lite doesn't just play DS games it also features an additional port for Game Boy Advance Game Paks Get up to 19 hours continuous gameplay on one charge With Nintendo Wi-Fi Connection, you can connect wirelessly, chat with friends while you play and compete with Nintendo DS owners across the globe. Twin ultra bright LCD screens that combine crisp, punchy colors, along with touch-screen technology on the lower screen Powerful dual processors bring 3D graphics to life with lightning-fast rendering Product Description Nintendo DS Lite revolutionizes the way games are played with ultra-bright dual screens and touch-screen technology. Connect wirelessly to Nintendo Wi-Fi Connection and put your skills to the test against players across the room or across the world. With impressive 3D rendered graphics and ultra-bright screens, Nintendo DS Lite delivers cutting-edge portable games for fans of any genre. With the Nintendo DS Headset, you can talk and chat over Nintendo Wi-Fi Connection or voice command games. SKU: ADIB000VXJEW6 usually ships within 15 - 25 business days. ships from singapore.
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Still displacing 353 cubic inches but with power output now up to 130 brake horsepower at 3400 rpm Cadillacs V-8s for 1935 came in... More
Cadillac 1935 355D 5 passenger Sedan. Purchased from the family of the original owner. This fine automobile was rust free and complete after many years of dry... More
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