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JANE BURGERMEISTER REPORT: ‘GREEK DEFAULT NEARS AS BILD REPORTS STIRRINGS OF A REVOLUTION OVER PENAL EU/ IMF BAILOUT’

GREEK DEFAULT NEARS AS BILD REPORTS STIRRINGS OF A REVOLUTION OVER PENAL EU/ IMF BAILOUT

The likelihood of a default by Greece – a trigger for the insolvency of the ECB – has grown after IMF inspectors are reported to be preparing to say this week that  Greece has failed to meet all its fiscal targets and to withhold the IMF’s share of a fifth tranche of a €110bn EU and IMF bailout.

Without an injection of cash, the Greek government could run out of money as early as June.

A default and a reintroduction of the Drachma could see Greece returning to a rapid economic recovery similar to Iceland and so help avert social unrest but a default will lead to the insolvency of the ECB with a major impact on the euro.

Bild newspaper says that Greece is verging on a “revolution” as tens of thousands of people camp in Athens squares.

http://www.bild.de/politik/ausland/griechenland-krise/erste-griechen-sprechen-schon-von-revolution-18135900.bild.html

A fact finding mission by lawmakers of the German Bundestag has uncovered the scale of the impoverishment of the Greek people due to the EU and IMF penal bailout, according to a report by AFP.

“I’ve clearly realised how Greece is making it really tough for its citizens” by implementing austerity measures, said Steffen Bilger, a member of Chancellor Angela Merkel’s ruling Christian Democrats (CDU) who would not normally be suspected of mollycoddling what some here condemn as spendthrifts.

His CDU colleague Juergen Klimke said he found Athens “in an awful state,” adding that this was “far from being my best trip to Greece.”

For Kai Gehring, a member of the opposition Greens whose party advocates restructuring the Greek debt, “I think it would be impossible to force new reforms” on them.
“Greece has really asked a lot of its citizens,” the Green delegation representative said.

He also deplored that the German press “does not really speak of the efforts made by the Greeks and of the reform programme which crushes both public spending and investment”, said AFP.

German economist Hans Werner Sinn has said Greece faces civil war due to the policies of the EU and ECB.

„Economists agree that Greece will not emerge from its crisis without a debt restructuring. To become competitive again, the country would have to reduce prices and wages by 20 to 30 percent,” says Ifo President Sinn. This would correspond to the devaluation that occurred in Germany in the early 1930s as a result of the emergency decrees of then Chancellor Heinrich Brüning. “This sort of thing works in theory, but in practice it leads to the brink of civil war.”

http://www.spiegel.de/international/europe/0,1518,765601-2,00.html

Greek EU official  Maria Damanaki said on Friday a return to the Drachma was being considered, according to the media.

Greece can take heart from Iceland if it defaults. Iceland’s economy is growing as a result of the jettisoning a demand to pay huge amounts of interest to banks for an artificially inflated national debt, and many economists expect Greece to stage a fast recovery too in the event of a return to the Drachma. The UK was able to devalue its currency by 25% since 2008, allowing it to avoid much of the financial pain of Greece.

In a last ditch effort to stop a Greek default – which will shatter the ECB balance sheets and make it insolvent –, the  EU and  European Central Bank , ECB, appear to be trying to spring in for the IMF and find extra cash for Greek banks. But a new “bailout” package would require parliamentary approval, and German, Finnish and Dutch parliaments are increasingly recognising that Greece and its banks are insolvent and not illiquid and will never be able to repay its debt.

Otmar Issing  former European Central Bank Chief Economist said that Greece will „probably be unable to meet its obligations as the euro region’s most-indebted nation is insolvent.“

http://www.bloomberg.com/news/2011-05-26/greece-insolvent-former-ecb-economist-issing-says-correct-.html

CDU/CSU lawmaker Michael Fuchs said Germany should not pay more money to Greece if the IMF withholds payments. FDP lawmaker Rainer Brüderle also expressed doubts over giving more money as baillouts to insolvent governments and banks.

http://de.reuters.com/article/economicsNews/idDEBEE74T06N20110530

An Irish Minister at the weekend also cast more doubt on the ECB, EU and IMF “bailout” strategy for the eurozone by saying Ireland will also need  a second “bailout” next year, opening the prospect of limitless demands for bailuts for insolvent governments and banks across the eurozone in the near future.

Many economists agree that the EU and IMF “bailout” has piled more debt onto the existing mountain of debt driving the economy into recession and sending the budget deficit out of control. Greece’s debt burden nw stands at around €330bn.

The ECB plan for a  privatisation programme in Greece will not solve the debt problem, said the FT.

“The core issues are how to fund Greece over the next two years and whether to restructure its debt. No amount of privatisations will make these burning questions go away.”

http://www.ft.com/intl/cms/s/0/8e4a75d2-8a18-11e0-beff-00144feab49a.html?ftcamp=rss#axzz1NpyTsVWa

The fire sale of government holdings in utilities, banks, telecommunications companies and other businesses could be overseen by ECB and EU officials in a new level of economic pillaging of the kind last seen in Europe when Nazi German Gauleiters entered conquered countries and removed all the assets by force.

„ Newspaper reports that Athens will have to surrender authority on tax collection, sell-offs

The Financial Times reported on Monday that European leaders are negotiating a deal that would lead to unprecedented outside intervention in the Greek economy, including international involvement in tax collection and privatisation of state assets, in exchange for new bail-out loans for Athens.“

.http://www.ekathimerini.com/4dcgi/_w_articles_wsite1_1_30/05/2011_392699

The plundering of Greece by the ECB, EU and private banks is also taking place against growing political turmoil as opposition parties refuse to support the “austerity” measures demanded by the ECB and EU.

 

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May 31, 2011 Posted by | Internationally significant information, Jane Burgermeister Report | Leave a comment

JANE BURGERMEISTER REPORT: ‘ECB INCREASINGLY ISOLATED IN RESISTING GREEK DEFAULT AND ECB INSOLVENCY’

ECB INCREASINGLY ISOLATED IN RESISTING GREEK DEFAULT AND ECB INSOLVENCY

European Central Bank (ECB) board member Lorenzo Bini Smaghi told the Financial Times that the idea a Greek debt restructuring could be carried out in an orderly way is a “fairytale” as the confrontation between the ECB and the eurozone escalates.

Last week, it emerged that the ECB has abandoned all attempt to run a conventional monetary policy for the eurozone and handed out, instead, hundreds of billions of euros in loans to insolvent Irish, Portuguese, Spanish, and Greek banks in exchange for collateral which was hugely inflated in value, and that the ECB would have to own up to gigantic losses if Greece defaulted.

Bini Smaghi admitted in the interview with the FT on Monday that it is the tax payers who will have to pick up this multi-billion euro losses that the ECB has accumulated because of its illegal activities because tax payers have to fund the eurozone national central banks, the source of ECB funding.

 “But Mr Bini Smaghi points out that the impact would fall largely on eurozone national central banks, rather than the ECB, and ultimately on taxpayers.” 

The insolvent banks used the gift of ECB loans at 0% to buy souvereign bonds of insolvent countries, which were compelled to accept a penal EU and IMF bailout, so enabling those banks to make gigantic profits from the 6% interest paid by tax payers as part of the very same „bailouts“ and hold country’s hostage.

Breaching rules, the ECB is, therefore, playing a key role in what former Argentian central bank governor Mario Blejer called a public sector Ponzi scheme: it is allowing insolvent banks to make astronomical profits at the expense of the tax payer and then transfer the losses onto the tax payer’s shoulders.

If Greece restructures its debt, the ECB will be forced to write down the value of its credits and own up to these gigantic losses and the Ponzi scheme will come to a halt. The losses could amount to 100s of billions of euros.

The FT reports that the ECB has bought 45 billion euros of souvereign Greek bonds.

“The ECB has bought about €45bn ($64bn) in Greek government bonds in emergency market support operations in the past year – which would see losses if Greece defaulted.”

But the ECB also handed out 145 billion euros of loans to insolvent Greek banks in exchange for securities that were significantly overvalued.

Even with the most creative of accountancy  – ECB chief Jean Claude Trichet had to face an inquiry in France for accounting irregularities at Credit Lyonnais – the ECB is facing astronomical losses when it has to write down the value of these and other credits in the event of a Greek default, and German tax payers will be very unhappy because they have to foot the lion’s share of the bill.

A default by Greece is also expected to have a knock on effect on Ireland and Portugal and also on the value of the ECB’s vast holdings of securities from insolvent Irish and Portuguese banks.

According to a report in the Irish Independent, insolvent Irish banks now hold 21.8 billion of insolvent Irish government bonds.

http://www.independent.ie/business/irish/state-default-would-wipe-out-irelands-banks-2660640.html

The Irish banks appear to have obtained the money to buy these bonds from the ECB in exchange for hugely overvalued asset based securities.

Irish banks appear now to be in the process of transforming their holdings of Irish bonds and sovereign debt into a revenue stream thanks to the tax payer’s of Ireland, and also getting ready off load the bonds onto the ECB for the tax payers of Europe as soon as Ireland is picked bare and the revenue runs dry.

An interactive graphic in The Telegraph shows the way private bank debt is being shoved onto public banks. While the transfer of private bank debt to the ECB and public banks is largely finished in Greece, the graphic shows how it is just starting in Ireland, the latest recipient of the penal EU and IMF bailout. By the end of the year, the “bank exposure to Ireland” graphic will no doubt also show the predominantly orange colour having flipped over to blue as the ECB increasingly holds onto the worthless debt unless public outcry forces the banks to dump it in a “bad bank.” This is what should have happened long ago.

http://www.telegraph.co.uk/finance/8539251/Interactive-graphic-European-debt-woes.html

The Irish Independent reports that German banks also hold €13bn worth of Irish debt with Hypo Real Estate and Landesbank BW.

A Greek default could impact not only on the value of the credits the ECB holds from insolvent Irish banks but also on the credits of Portuguese banks.

The ECB has been violating rules in handing out billions of euros to insolvent banks and insolvent governments, a fact that pushed Axel Weber to resign as head of Deutsche Bundesbank in February.

ECB chief Bini Smaghi is, however, still refusing to accept the fact that Greece is insolvent and that te ECB will have to write down the credits, perferring to try to keep up the illusion Greece is just illiquid and wring money from Greece as long as possible.

“Germany’s Otmar Issing, the bank’s chief economist until 2006, who warned that Greece was insolvent and unlikely ever to repay its debts. But Mr Bini Smaghi a former Italian finance official who has an economics PhD from the University of Chicago, insists he is wrong,” writes the FT.

It was also reported today that Greece is considering setting up a Spanish-style “bad bank” to clean up its lenders’ accounts from “toxic” Greek bonds. It looks as if ECB recognises it can no longer hide the bonds from insolvent Greek governments and banks on their balance sheet due to growing media attention, and banks are scrambling for some other method to deal with the debts.

The confrontation between the ECB and the eurozone tax payers comes amid growing warnings of unrest and civil war.

A commentary in the Suedduetsche Zeitung with the headline „Restructuing of Greece: relinquish dogma, save Europe“ indicated that „peace“ in Europe was at risk from the ECB’s „policies.” It said time was running short.

http://www.sueddeutsche.de/geld/umschuldung-griechenlands-dogma-aufgeben-europa-retten-1.1102207

May 31, 2011 Posted by | Internationally significant information, Jane Burgermeister Report | Leave a comment

JANE BURGERMEISTER REPORT: ‘Der Spiegel reports on Titanic battle between ECB and German government over the future of the euro’

Der Spiegel reports on Titanic battle between ECB and German government over the future of the euro

The Haircut War

Tensions Worsen Between Berlin and European Central Bank

By Christian Reiermann and Michael Sauga, Der Spiegel

What’s best for Greece and Europe – a soft debt restructuring or billions of euros in loans for years to come? Berlin and the ECB are deeply divided over the best way to handle the crisis. A number of influential Germans fear the threat of austerity measures could be greater than a “haircut” of Greek debt.

It wasn’t all that long ago that Europe’s top monetary policy experts and the leader of the European Union’s most important member state were politely exchanging compliments. Jean-Claude Trichet, president of the European Central Bank (ECB), praised German Chancellor Angela Merkel for having made Germany into an “example for all of its neighbors.” Merkel, for her part, thanked the Frenchman for his decidedly “successful actions.”

A few years and a crisis later, the relationship has cooled off considerably. Merkel feels that the Frankfurt-based monetary watchdogs are pressuring her inappropriately, while Trichet and his fellow bankers have taken to characterizing the Berlin government’s proposals as “incorrect,” “illusory” or simply as a “catastrophe.”

Today, members of the German government and the ECB seem to have trouble spending time in the same room together. At a recent meeting of finance ministers in Luxembourg, Trichet stormed out of the room after being confronted with yet another crisis plan from Germany that he didn’t like.

The controversy revolves around the future of the common currency, which instruments ought to be used to rescue the euro and, not least, a workable plan to support ailing Greece. While Merkel has long advocated a cautious restructuring of Greece’s debt, Frankfurt-based Frenchman Trichet categorically rejects any form of debt deferral for Athens.

Read more at: http://www.spiegel.de/international/europe/0,1518,765601,00.html

May 31, 2011 Posted by | Internationally significant information, Jane Burgermeister Report | Leave a comment

JANE BURGERMEISTER REPORT: ‘Irish Minister admits Ireland will need more money from the EU and IMF’

Irish Minister admits Ireland will need more money from the EU and IMF

Irish Transport Minister Leo Varadkar said in an interview with The Sunday Times that Ireland will need another emergency loan from the European Union and IMF. Varadkar is absolutely right as Tom Molloy points out in The Irish Independent. The penal EU and IMF bailout to pay interest on private bank debt that the government assumed without asking the people or parliament is crushing the Irish economy as it crushed the Greek economy.

“Leaving politics aside, it is difficult to quibble with Varadkar’s analysis. It is almost impossible to imagine a situation where the National Treasury Management Agency could return to the markets next year to borrow money on our behalf. The problem is that we must either borrow money from the markets or from Europe because the present bailout fund will run out in 2013 at the latest and we still show no great appetite for changing our lifestyle to live within our means,” writes Molloy.

“Optimists inside government note that we may not need to return to the markets next year even if we are committed to doing so. They believe the banks won’t require all of the €35bn that has been set aside to bulletproof their balance sheets under the bailout deal. This could leave the Government with as much as €11bn to shell out on the day-to-day expenses linked with running the country. Even accepting that the nasty surprises from the banks are a thing of the past, such a scenario only brings us sometime into 2013 before the cash runs dry.

Running out of money in late 2013 will force us to borrow from Europe and the International Monetary Fund once again but under very different political and financial circumstances. French President Nicolas Sarkozy and German Chancellor Angela Merkel will probably both have been kicked out of office, victims of the general dissatisfaction with politicians throughout Europe and their own voters’ worries about the bailout of Greece, Portugal and ourselves. Anybody who believes their socialist successors will be any more flexible than Sarkozy or Merkel lives in cloud-cuckoo land. A far harsher tone, like the one coming from Finland these days, is much more probable.”

Read more at: http://www.independent.ie/opinion/analysis/thomas-molloy-time-to-face-home-truths-as-leo-states-the-obvious-2660893.html

May 31, 2011 Posted by | Internationally significant information, Jane Burgermeister Report | Leave a comment

JANE BURGERMEISTER REPORT: ‘Euro is running out of time’

Euro is running out of time

 

Roger Bootle, The Telegraph

They can try to ‘delay and pray’ but the euro is running out of time As a doomsayer from the start, who has written several times on the subject, I have recently been reluctant to burden my readers with more jeremiads about the euro.

But fasten your seatbelts. Here I go again. My excuse is that this crisis keeps surprising the unwary. There is so much to say that I will have to have several bites.

Before we can find solutions, which I will discuss at a later date, first the causes. Why is the euro in crisis? Because it was fundamentally flawed at its inception. Only good luck, strong economic growth and enlightened economic management could keep it together. In fact, the eurozone has had to suffer the opposite of all three.

Giving up sovereign currencies is a serious challenge. Exchange rates act as a safety valve. When you remove them, the pressure either has to be reduced or it will find some other way out. In a fixed exchange rate system, such as the ERM, currency speculation could and did break the system. Advocates of the euro project drew comfort from the fact that, by contrast, a full monetary union is immune from such attacks.

Read more at: www.telegraph.co.uk/finance/comment/rogerbootle/8544970/They-can-try-to-delay-and-pray-but-the-euro-is-running-out-of-time.html

May 31, 2011 Posted by | Internationally significant information, Jane Burgermeister Report | Leave a comment

NBR: ‘Welfare reform to be made election issue – Key’ (

31 May 2011

www.nbr.co.nz/article/welfare-reform-be-made-election-issue-key-nn-94448#comment-132696

Welfare reform to be made election issue – Key

Prime Minister John Key says proposed reforms of the welfare sector will be rolled out in the lead up to the general election, but changes will mean that if people can work, they must.

The Welfare Working Group’s final report, released in February, gave the Government 43 recommendations to reform the welfare system into a work-focused programme.

Mr Key said the Government had ruled out one of the more radical recommendations, that solo parents look for paid work when their second child turned 14 weeks, saying he was “uneasy” about the short length of time.

The Government had expected to announce a package in response to the group’s recommendations before the election but was pushed aside by the Canterbury earthquake.

He had now asked ministers to look at the group’s recommendations and develop a comprehensive package of welfare reform.

The Government would announce policies in due course and campaign on them.

“It’s important we to signal to New Zealanders that if we are afforded a second term that there will be reform in welfare.”

However, while ruling out the one recommendation he had earlier indicated was unpalatable, he would not go into detail on the remaining 42 recommendations.

Mr Key said it was unacceptable that the proportion of working age population on benefits had increased from 2 percent in 1970 to 13 percent today.

The welfare system should send a clear message that if you could work and support yourself, then you must, he said.

It was not doing enough to send that message, which was not fair on taxpayers, not affordable and not fair on beneficiaries who fell short of their potential, he said.

It was also not fair on the approximately 220,000 children growing up in welfare-dependent households.

Mr Key said the proposals would not mean instant reform of the welfare system but that more workers would be needed as the budget anticipated 170,000 jobs created over next four years.

The welfare group’s February report said the cost of welfare would go from $47 billion to $34b by 2021 if its reforms proceeded — cutting the 360,000 on welfare by 100,000, by putting work obligations on them in exchange for support such as childcare.

It said the Government should set clearer expectations for people on the welfare system to look for paid work, and if recipients do not meet their obligations, they should face gradual reductions of assistance.

Social Development Minister Paula Bennett will lead the group of seven ministers going over the recommendations to develop the Government’s policy.

Back to NBR homepage

Comments and questions

4

Where is the Government review of corporate welfare beneficiaries – the numbers of consultants and private contractors employed across all state sectors doing work that used to be carried out by in-house public servants?

Isn’t it time to CUT OUT THE CONTRACTORS?

Penny Bright
https://waterpressure.wordpress.com

Penny Bright | Tuesday, May 31, 2011 – 10:11am
In response to Penny Bright | Tuesday, May 31, 2011 – 10:11am

Granted that some contractors are likely taking more than the value they’re providing to government (likely all those employed by the previous government). However, lets not confuse these people with the use of outsourced talent, who invariably are more in touch with the real world (because that’s where they derive their livelihood from) than academic bureaucrats who have never had to make a business decision and always got their paychecks just from turning up to their bloated office environments, which regularly achieve … absolutely nothing. Roll on the downsizing of government. Let’s use our taxpayer dollars wisely.

Kevin Pitfield | Tuesday, May 31, 2011 – 10:40am

About time too.

NZ does not need beneficiaries becoming even more dependant on the State for their survival – so I’m pleased to hear National will not be offering election “bribes” and lolly scrambles like Labour have done in the past with their student fees, Family Welfare populist bribes and such like.

Our government should be doing everything possible to encourage people to be able to stand on their own two feet and be accountable for their own actions and situation – and provide a “leg up” to those wanting to better themselves and are prepared to do what ever it takes to educate / better themselves.

Election bribes and “vote for us for free hand-outs” are not only unjust to the individual by encouraging them to be more reliant on the state through apathy and “easy money” but it also denies that individual the opportunity to fully develop their own self ability for increased mana and self esteem, better education and opportunities throughout life.

Shackling entire demographics to more and more hand-outs via election promises is not only costly for us tax payers, but it should also be seen as a form of political corruption by those in “power” preying on the most vulnerable. Wolf in sheep’s clothing comes to mind. Yet it’s far more insidious than that, with the future of entire younger generations at risk because of certain politicians promising “more free money” for nothing instead of encouraging and motivating individuals to achieve a better life for themselves and their dependants through hard work, application and education – not free hand outs.

MooseKnuckle | Tuesday, May 31, 2011 – 10:46am
In response to Kevin Pitfield | Tuesday, May 31, 2011 – 10:40am

Where’s the ‘cost-benefit analysis’ which PROVES that the use of consultants/ private contractors is a more cost-effective use of taxpayer monies than former ‘in-house’ provision’?

Where are the FACTS to back up the MANTRA that ‘public is bad – private is good’?

Where also are the transparent, publicly-available ‘Registers of Interest’, which can be used to double-check for ‘conflicts of interest’ between those who grant and those who receive these public contracts?

Where, (while we’re at it) is the publicly-available ‘Register of Lobbyists’ – so the public can check ‘who’s meeting the Minister’ to push for particular legislative changes?

Where is the publicly-available ‘Register of Interests’ for those policy analysts who provide the advice for Government Departments/ Cabinet through the mechanism of ‘Regulatory Impact Statements’ – and the like?

With whom are these policy analysts consulting, and what are their connections with whom they are ‘consulting’?

Or is this where the form of grand corruption known as ‘State Capture’ occurs in ‘clean, green New Zealand’ – perceived to be the ‘least corrupt country in the world’?

‘State Capture’ being where vested interests ‘get their way’ at the ‘policy’ level – before legislation is passed.

I learned about ‘State Capture’ at the 14thTransparency International Conference which I attended last year).

Penny Bright
https://waterpressure.wordpress.com

Penny Bright | Tuesday, May 31, 2011 – 11:43am

May 31, 2011 Posted by | Fighting corruption in NZ, Transparency in Govt spending | Leave a comment

PROTEST AGAINST NATIONAL’S PROPOSED ASSET SALES & BUDGET CUTS! NATIONAL PARTY CONFERENCE: WHEN: SUNDAY 29 MAY 2011 10AM OUTSIDE WAIPUNA LODGE

PROTEST AGAINST NATIONAL’S

PROPOSED ASSET SALES & BUDGET CUTS!

NATIONAL PARTY CONFERENCE:

WHEN: SUNDAY 29 MAY 2011

TIME:  10AM

WHERE: OUTSIDE WAIPUNA LODGE

56 WAIPUNA RD

MT WELLINGTON

 

STOP THIS ‘WAR ON THE POOR!’

NO MORE ‘ROGERNOMIC$’!

NO MORE PRIVATISATION!

 

MAP:

http://www.waipunahotel.co.nz/Home/MapDrive

 

(Organised at short notice by concerned citizens).

 

This National Party “A” Team, and National

Party “B” (Bra$h) Team, is all ‘perception

deception’, designed to bring about more

‘Rogernomic$’.


A vote for Don is a vote for John.

A vote for John is a vote for Don.


What is the real difference between National and

ACT – if both their policies and personnel are so

readily interchangeable?


John and Don – what a ‘CON’!


Serving the interests of their CONsultant and

CONtractor mate$?


Those private ‘piggy-in-the-middle’ corporate

welfare beneficiaries who are making a fortune

from core central and local government services

which were once provided ‘in-house’?

It’s time to rollback – not extend ‘Rogernomic$’!

CUT OUT THE PRIVATE CONSULTANTS AND

CONTRACTORS FROM CENTRAL AND LOCAL

GOVERNMENT!

BETTER THE ‘BUREAUCRACY’ THAN THE

‘CONTRACTOCRACY’!

SOCIAL WELFARE – NOT CORPORATE WELFARE!

LOOK AFTER THE NEEDY – NOT THE GREEDY!

Wonder what the reaction will be to this ‘Tui

Billboard banner’ that will be outside this National

Party Conference Sunday 29 May 2011 at 10am?

Got great coverage on today’s news!

 

 

http://www.stuff.co.nz/national/politics/5069330/Coalition-protests-tough-budget

LAWRENCE SMITH

(You need to scroll to the right to see ‘Tui Bill board banner’ in full )

BUDGET PROTEST: About 100 people marched up Queen street protesting last week’s budget which Sue Bradford said was an attack on low income workers.

http://tvnz.co.nz/one-news/video
______________________________

______________________

Penny Bright
Media Spokesperson Water Pressure Group
Judicially-recognised ‘Public Watchdog’ on Metrowater, water and Auckland regional governance matters.
‘Anti-corruption’ campaigner.

https://waterpressure.wordpress.com

May 28, 2011 Posted by | Fighting corruption in NZ, Stop the $uper City, Transparency in Govt spending | Leave a comment

TUI BILL BOARD BANNER makes national news! “Our one Bra$h ACT holds KEY to public purse hehe!….excellent …………. Yeah right

www.stuff.co.nz/national/politics/5069330/Coalition-protests-tough-budget

 

Coalition protests ‘tough budget’

NICOLA RUSSELL

Last updated 17:16 28/05/2011
About 100 people marched up Queen street protesting last week's budget which Sue Bradford said was an attack on low income workers.

LAWRENCE SMITH

BUDGET PROTEST: About 100 people marched up Queen street protesting last week’s budget which Sue Bradford said was an attack on low income workers.

______________________________________________________________________

May 28, 2011 Posted by | Fighting corruption in NZ, Human rights, Internationally significant information | Leave a comment

TRUTHOUT: ‘Asserting War Powers, House Moves to End Afghanistan, Libya Wars’

www.truthout.org/asserting-war-powers-house-moves-end-afghanistan-libya-wars/1306511410

Asserting War Powers, House Moves to End Afghanistan, Libya Wars

Friday 27 May 2011
by: Robert Naiman, Truthout

(Photo: Marines / Flickr)

Voting on amendments to the 2012 National Defense Authorization Act, the House of Representatives took action to hasten the end of the wars in Afghanistan and Libya.

Afghanistan

By a 204-215 vote roll call – six switchers would have passed the amendment – the House narrowly failed to adopt a bipartisan amendment from Reps. Jim McGovern (D-Massachusetts) and Justin Amash (R-Michigan) that would have required the Department of Defense (DoD) to develop a plan for an, “accelerated transition of military operations to Afghan authorities.”

It may seem counterintuitive to count narrowly failing to adopt an amendment as “taking an action,” but in terms of consequences, it is taking action. Getting more than 200 votes sends a signal to the White House: if you don’t move – for example, by announcing a significant drawdown of US troops from Afghanistan this summer – you could lose the next vote in the House. And if the administration lost a vote in the House on the Afghanistan war, you can bet that would be front-page news in Europe, weakening the administration’s case to the Europeans for continuing the status quo. It seems likely that the administration will want to stay one step ahead of the House, rather than face a public defeat. That points toward an accelerated drawdown this year.

If 204 members were willing to vote yes, it seems extremely likely that six House members who voted no gave a yes vote serious consideration. Indeed, The Hill reports:

Florida Rep. John Mica (R) voted against both amendments [referring also to the sharper Chaffetz-Welch amendment, but said he considered supporting them.

“I told them I could’ve [voted for it but] it wasn’t specific enough,” Mica said, adding that he’s “leaning toward getting” out of Afghanistan.

Mica believes that the sentiment of his conference is growing toward leaving Afghanistan, “and when somebody comes up with the right amendment, it’s going to pass.”

All but eight Democratic members of the House voted in favor of the McGovern-Amash amendment, including House Minority Whip Steny Hoyer (D-Maryland), a leader among center-right Democrats in the House on national security issues. This vote represents, for practical purposes, the House Democratic Caucus speaking with one voice in favor of an accelerated drawdown.

Twenty-six Republican members of the House voted in favor of the McGovern-Amash amendment, roughly a 200 percent increase in the number of Republicans voting against open-ended continuation of the war from the nine Republicans who voted for the McGovern amendment on July 1, 2010. As noted by Representative Mica, there are other Republican members of the House who are substantially in the same place and are likely to support a future initiative if there is no significant change in administration policy.

Libya

By the spectacular vote of 416-5, the House adopted an amendment initiated by Michigan Rep. John Conyers prohibiting the introduction into Libya of US ground troops (that is, uniformed forces, not Special Forces or CIA agents that are already there).

The House also adopted by voice vote – meaning, this one is such a slam-dunk we don’t even have to bother having a recorded vote – an amendment introduced by Rep. Scott Garrett (R-New Jersey) affirming that, “Nothing in this Act or any amendment made by this Act shall be construed to authorize military operations in Libya.”

Conyers said: “[the] House of Representatives has clearly stated that the current stalemate in Libya will not escalate into an unaffordable occupation that would harm our country’s national security … I encourage my colleagues in the US Senate to heed today’s vote and join our efforts to ensure that the conflict in Libya does not become another Afghanistan or Iraq.”

Jake Tapper of ABC News reports that these lopsided results could augur well for a resolution in the House next week calling for full US military withdrawal from the Libya conflict in accordance with the War Powers Resolution:

Republicans in the House suggest that the two votes are an interesting indicator of the level of support in the House for ongoing operations over there.

Likely to hit the floor next week is a privileged resolution from Rep. Dennis Kucinich, D-Ohio, calling for full withdrawal from the action in accordance with the War Powers Act.

Could that pass? I asked a House GOP leadership aide.

“Honestly we don’t know,” the aide said.

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Robert Naiman
Robert Naiman is policy director at Just Foreign Policy.

May 27, 2011 Posted by | Internationally significant information, TRUTHOUT | Leave a comment

TRUTHOUT:’Obama Wants to Finish the Job in Libya, and More …’

News in Brief: Obama Wants to Finish the Job in Libya, and More …

Thursday 26 May 2011
by: Mike Ludwig, Truthout

Obama Wants to Finish the Job in Libya

The United States and NATO are preparing for the long haul in Libya, where Western forces have engaged in military operations for two months to help rebels in their fight against Muammar Qaddafi’s Army. President Obama told the British Parliament yesterday that Western forces will not let up in Libya “until tyranny is lifted,” according to the International Business Times. A United Nations resolution on the conflict in Libya allows all member states to take any necessary action to prevent attacks on civilians, suggesting that Western forces could be in Libya until Qaddafi steps down or is killed. This vague timeline has some members of Congress questioning the Obama administration’s plan for Libya, where US forces are playing a supporting role, according to US News and World Report.

Lui Requests to Withdraw Nomination

Berkeley Law Professor Goodwin Lui requested that President Obama withdraw his nomination to the Ninth Circuit Court of Appeals yesterday after Senate Republicans successfully blocked the nomination with a filibuster last week. The filibuster was the first used by Republicans to block a nominee. Republicans have accused Lui of being a left-wing ideologue, but liberal Democrats saw him as one of Obama’s most promising nominees. “Unfortunately, Mitch McConnell and the Senate GOP decided to use Goodwin Liu to make a political point – they smeared the reputation of this respected legal mind while ignoring many of their own vows to never filibuster a judicial nominee,” said Marge Baker of People For the American Way. Democrats failed to overcome the filibuster with a vote of 52 to 43, with only one moderate Republican, Alaska Sen. Lisa Murkowski, opposed to ending the debate on the nomination, according to The Washington Post.G-8 Protesters Detained in Paris, Bigger Actions Planned

About 50 protesters in Paris have been detained after staging an action against the G-8 meeting that began in France today, according to the Belfast Telegraph. Larger protests are planned in Paris, but the G-8 meeting, which features leaders from the world’s wealthiest countries, is being held in a remote resort town in northern France. G-8 protests organized by factions of the anti-globalization movement have turned violent in recent years. Last summer at the G-8 in Toronto, police arrested hundreds of peaceful protesters, while rioters smashed windows and burned police cars in the city’s financial and shopping districts.

Jobless Claims Rise, Dashing Hopes for the Job Market

The Labor Department reports that the number of Americans filing unemployment claims rose last week to 424,000 from a revised 414,000 in the prior week, raising doubts about the optimistic predictions for the job market, according to Reuters. Economists had expected unemployment claims to drop to about 400,000.

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May 26, 2011 Posted by | Human rights, Internationally significant information, TRUTHOUT | Leave a comment