Saturday, December 31, 2011

A-Rod fine after treatment on knee, shoulder (AP)

NEW YORK ? The New York Yankees say star third baseman Alex Rodriguez is totally fine after having special treatment on his right knee and left shoulder in Germany earlier this month.

The 36-year-old Rodriguez had plasma-rich platelet injections following a recommendation from Los Angeles Lakers star Kobe Bryant. Yankees general manager Brian Cashman said Wednesday that the team gave its permission after vetting the process.

Rodriguez's treatment was first reported by the New York Post.

Cashman says the therapy is in "complete compliance" with WADA and Major League Baseball regulations. He also said the treatment is performed in the United States. The Yankees say Rodriguez went to the doctor in Germany because he's at the top of this field.

Rodriguez had surgery on his right knee last July and saw his power drop in the second half and postseason. He played in 99 games and hit 16 home runs. He has 629 career homers.

Cashman says Rodriguez is "100 percent" right now and that there are "no red flags" going into spring training. Cashman says he expects Rodriguez to be able to play every day.

The Yankees also said they've reached agreement with 37-year-old lefty Hideki Okajima for a nonroster invite to spring training. Once a staple of the Boston bullpen, he spent most of last year in Triple-A for the Red Sox. The Yankees envision him as a possible lefty specialist.

Source: http://us.rd.yahoo.com/dailynews/rss/sports/*http%3A//news.yahoo.com/s/ap/20111228/ap_on_sp_ba_ne/bba_yankees_rodriguez

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Saturday, December 24, 2011

LibertyHill: 2012?s Rose Parade features the first HIV/AIDS awareness float ever. Sponsored by AHF and dedicated to Elizabeth Taylor....

Twitter / Liberty Hill: 2012?s Rose Parade feature ... Loader 2012?s Rose Parade features the first HIV/AIDS awareness float ever. Sponsored by AHF and dedicated to Elizabeth Taylor....

Source: http://twitter.com/LibertyHill/statuses/150620507908210688

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France ponders removing risky breast implants (AP)

PARIS ? Emmanuelle Maria's breasts were burning and globules of silicone gel were protruding into her armpits. Her implants had exploded inside her. Yet her doctors, she says, told her nothing was wrong.

Now, she wants the French government to tell 30,000 women to get their implants removed ? at the state's expense ? to call attention to their risks and save others from potential pain and indignity.

Prompted by calls from implant wearers and leading doctors, French health authorities are considering a drastic and unprecedented move: recommending mass surgery to rid the country of a type of breast implant that investigators say was secretly made with cheap industrial silicone whose medical dangers remain unclear.

Governments around Europe are hanging on France's decision Friday. Tens of thousands more women in Britain, Italy, Spain and other European nations are walking around with the same pre-filled implants, made by the now-defunct French company Poly Implant Prothese, or PIP.

Health officials from several European countries held a conference call Wednesday to discuss the implants, Portugal's Director-General of Health, Dr. Francisco Jorge, told The Associated Press. European Commission spokesman Frederic Vincent said no decisions were made, but France informed the others of the situation.

The main concern in France is the risk of rupture ? more than 1,000 of the 30,000 such implants in France have burst, according to the French health safety agency AFSSAPS ? and uncertainty over what risks the suspected industrial silicone gel could pose when it leaks inside the body.

Meanwhile, eight cases of cancer among women with the implants, including one who died in November, have crystallized concerns and heightened pressure on the government to take action. Friday's government decision will depend partly on guidance from the French National Cancer Institute.

The implants in question were not sold in the U.S., where concerns about silicone gel implants overall led to a 14-year ban on their use. Silicone implants were brought back to the market in 2006 after research ruled out cancer, lupus and some other concerns.

In Britain, the law firm Hugh James solicitors said it is acting for over 250 women with PIP implants who are trying to sue clinics that provided the surgery. In a statement, the firm said the news have been worrying to its clients, many of whom "have already suffered terrible problems as a result of their implants," including ruptures and leakages.

Still, British health authorities say they see no reason so far to have the French-made implants systematically removed, and have said that there is not enough evidence of a link between silicone implants and cancer. Italy's Health Ministry is holding a meeting Thursday to discuss the French-made implants.

Experts from the French Health Ministry will meet Friday to decide what to recommend for women who have the implants. The implants were taken off the market last year after French authorities discovered the company misreported the type of silicone used.

Plastic surgeon Maurice Mimoun of Paris' Saint Louis Hospital said a rupture could leak the silicone gel internally. That in turn could require surgery on other parts of the body to remove it.

"The problem is that these implants are made with a gel that we don't know," he said in an interview. "Once these implants are removed, the story is not over ... we don't know" if there might be other consequences, he said.

Mimoun has recommended that the government push for implant removals, but insisted that the operations needn't be carried out in haste.

Women have filed more than 2,000 legal complaints since the implants were recalled last year, and an investigation into officials at PIP is under way. Investigators suspect the company used cheaper industrial silicone instead of silicone meant for medical use in the implants, cutting costs by up to euro1 million ($1.3 million) a year.

The company has suspended its activities and is being liquidated. Its phones are no longer functioning and emails sent to its staff were not answered.

Implant wearer Maria described wanting new breasts to improve her self-image after an adolescence troubled by a bone disease that left her covered in scars.

She was given the PIP silicone implants in 2007, and started developing burning pains in early 2010. She consulted her surgeon and another specialist he recommended. "They told me, 'There's nothing wrong,'" she recounted.

She then went to two other doctors who confirmed that both implants had burst. She had them removed, and at her own expense, had two new ones implanted ? made by another company.

"The product is dangerous. They told us there was nothing toxic," she told The Associated Press by telephone from her office in La Seyne-sur-Mer in southern France ? the same town where PIP was based.

She accused the company and surgeons of "playing Russian roulette with the health of others."

Tina, a retired Frenchwoman who had her PIP implants removed earlier this year, didn't experience any pain when they ruptured, but said she now worries about what might have leaked into her body in the months she lived unwittingly with the burst implants.

"It's time for surgeons to admit that these implants pose special risks. What we need is a bit of humanity," she said, embarrassed by her ignorance of the dangers and frustrated that doctors didn't warn her about the PIP implants after they were recalled last year.

She didn't want her last name used because some people in her entourage do not know that she had her breasts augmented.

Recommending implant removal for all 30,000 Frenchwomen with these artificial breasts would impose substantial costs to France's state health care system and pose logistical challenges in finding enough surgeons to perform the operations.

The French health system does not pay for cosmetic breast implants, which make up the majority of breast operations, but government spokeswoman Valerie Pecresse said state health care would pay for implant removal operations "if it involves a health and public safety emergency."

It is unclear, however, whether the state would pay for replacement implants. About 40,000 women in Britain are believed to have the PIP implants as well. Britain's Medicines and Healthcare Products Regulatory Agency said its own testing had found no evidence of toxicity in the PIP implants and no evidence to suggest that women should have them removed.

But the agency said in a statement it "will consider any new evidence which comes to light as a priority."

The British Association for Plastic, Reconstructive and Aesthetic Surgeons said the expected announcement by French medical authorities was "a precautionary measure."

"Surgeons will be in contact with any patient who has received this type of implant if any action is required," it said. "If women are worried or believe that their implants may have ruptured, they should contact their implanting surgeon."

The Italian Health Ministry says it is monitoring the "possible health risks linked to the PIP implants signaled by the French authorities" and it has convened a meeting of its top level health experts for Thursday.

Portugal's General Directorate for Health estimates 1,500-2,000 Portuguese women had the implants and is advising them to visit their doctor for a checkup, Jorge said.

In Denmark, authorities says less than 100 women had these breast implants and the Danish Medicines Agency is in close contact with French authorities.

The French company used to sell saline-filled implants in the United States but its authorization was revoked after a re-evaluation by the Food and Drug Administration in 2000, mainly because of what the FDA deemed incomplete studies.

___

Lauran Neergaard in Washington, Jill Lawless and Sylvia Hui in London, Frances D'Emilio in Rome, Barry Hatton in Lisbon, Ciaran Giles in Madrid, Jan Olsen in Copenhagen contributed to this report.

Source: http://us.rd.yahoo.com/dailynews/rss/topstories/*http%3A//news.yahoo.com/s/ap/20111221/ap_on_he_me/eu_france_breast_implants

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Friday, December 23, 2011

Alabama governor awards $1 million in grants to create jobs in tornado-ravaged Marion County

MONTGOMERY, Ala. (AP) ? Alabama Gov. Robert Bentley has awarded more than $1 million in grants to help create and preserve jobs in tornado-ravaged Marion County.

Bentley said Tuesday much of the Community Development Block Grant money will go to the town of Hackleburg, where an April 27 tornado destroyed the town's largest employer, a distribution center for Wrangler jeans.

The tornado was one of a number of storms that hit across the state that day, killing about 250 people.

Bentley awarded $750,000 for the rebuilding of the Wrangler Distribution Center. He awarded $191,240 to the city of Hamilton and $117,956 to the city of Winfield.

The funds will be used in Hackleburg to repair two tornado-damaged water tanks and to install new water lines to provide fire protection for the Wrangler plant.

Source: http://feeds.stateline.org/~r/StatelineorgRss-AllStates/~3/vZYT0i71cPY/alabama_governor_awards_1_mill.html

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Wednesday, December 7, 2011

Trading firms to face new rules on customer funds

(AP) ? A federal rule adopted Monday places tighter restrictions on how U.S. trading firms can invest their customers' money. The action comes amid a federal investigation into whether MF Global illegally tapped its clients' accounts before filing for bankruptcy.

The Commodity Futures Trading Commission voted Monday to finalize the rule. It prohibits firms from using money from customer accounts for certain investments, including purchases of foreign debt. It also limits how much of their money can be invested in others, such as money-market mutual funds.

Firms will be allowed to petition the agency for an exemption to that restriction.

The agency had proposed the rule a year ago. But it held off adopting it after Jon Corzine, who led MF Global until last month, and others lobbied against it.

MF Global filed for bankruptcy protection on Oct. 31 after making a disastrous bet on European government debt. An estimated $1.2 billion or more may be missing from customer accounts.

Corzine, a former Democratic senator, New Jersey governor and CEO of Goldman Sachs, resigned as chairman and CEO of MF Global on Nov. 4.

The House Agriculture Committee has subpoenaed Corzine to testify this week about his role leading MF Global. Two other congressional panels are also expected to vote this week to subpoena Corzine.

The CFTC and other regulators are investigating whether MF Global used client funds for its own needs as its financial condition worsened.

Farmers, ranchers and small business owners have said they've lost money that they had deposited with MF Global. Many of them use the futures markets to hedge against risks, such as swings in corn or fuel prices.

The rule adopted Monday also ends the practice of firms borrowing from their customers for what are essentially loans to the firms. It also ends those kinds of financing transactions, known as repurchase agreements, between affiliates of the same firm.

Firms can continue to invest customer money in U.S. Treasury securities, municipal bonds and certificates of deposit.

The rule will take effect in about 60 days, and firms will have roughly six months to comply.

MF Global was believed to have raised much of the money for its investments in European debt with repurchase agreements with other financial firms. But regulators say MF Global may have borrowed from customer accounts to fund more short-term operations, such as covering demands for collateral.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2011-12-05-CFTC-Trading%20Rules/id-7df348eeac81445ca4d00a4f106037e6

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Tuesday, December 6, 2011

The Most Popular Twitter Hashtags of 2011 [Twitter]

Sure you could say that Twitter has devolved into a chaotic mess filled with #AreWeSeriouslyTweetingThisLongHashtag and Bieber freaks, but it's still boss at figuring out what's going on at this very second. So taking a look back at the past year, what were the most popular Twitter moments in 2011? It gets a little weird. More »


Source: http://feeds.gawker.com/~r/gizmodo/full/~3/uXN0yUDmGxA/the-most-popular-twitter-hashtags-of-2011

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Monday, December 5, 2011

Toyota to announce earnings forecast on Friday (Reuters)

TOKYO (Reuters) ? Toyota Motor Corp (7203.T) will announce an earnings forecast on Friday for the financial year to March 2012, as it steadily restores production disrupted by Thai flooding that forced it to withdraw its outlook a month earlier.

Toyota's output has returned to normal levels at most of its production sites worldwide, although Thai and South African plants continue operating at reduced rates after Thailand's worst floods in 50 years hit suppliers, cutting global output by 215,000 vehicles from October 10 to November 25.

The relatively quick compilation of new guidance contrasts with Honda Motor Co (7267.T), which was hit particularly hard when its own facilities were inundated by floods in central Thailand and also withdrew its annual earnings guidance when it announced half-year results.

Honda said last week it was aiming to give a full-year forecast with its third-quarter results, usually released in late January.

"Toyota is doing well compared to Honda (regarding the Thai floods) and its share of the market is growing as a whole," said Mitsushige Akino, chief fund manager at Ichiyoshi Investment Management Co.

"I think the numbers will be as expected, and the fact that they are releasing them now is a good thing."

Nissan Motor Co (7201.T) raised its outlook when it gave its half-year figures, as it adapted more quickly to the disruptions triggered by the Thai flooding.

The floods hit just as Toyota's supply chains had recovered from the devastating March 11 earthquake in northeast Japan.

Japan's biggest automaker had been projecting an operating profit of 450 billion yen ($5.77 billion) for the year to March 2012 when it withdrew its forecast on November 8, compared with 468.28 billion yen the year before.

The consensus forecast of 23 analysts polled by Thomson Reuters I/B/E/S calls for an operating profit of 422 billion yen, down from a 486 billion yen average forecast from 21 analysts at the time the company's guidance was withdrawn.

Toyota's profits have also been eroded by the strong yen, which is making its exports unprofitable and reduces the value of profits earned overseas when they are repatriated.

The company is nevertheless sticking to a commitment to manufacturing in Japan, despite disadvantages when competing globally against rivals such as Hyundai Motor Co (005380.KS).

Monday's news came after the end of share trading in Tokyo.

Toyota shares climbed 2.7 percent on Monday, outperforming a 0.6 percent rise in the benchmark Nikkei average (.N225), as well as Honda's 0.8 percent fall and Nissan's 0.1 percent gain.

Since the March 11 earthquake, Toyota and Honda have both dropped about 26 percent, while Nissan is down 11 percent.

($1 = 77.97 yen)

(Additional reporting by Mari Saito and Mayumi Negishi; Writing by Edmund Klamann; Editing by Joseph Radford)

Source: http://us.rd.yahoo.com/dailynews/rss/business/*http%3A//news.yahoo.com/s/nm/20111205/bs_nm/us_toyota

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German finance minister details debt fund plan before EU summit (Reuters)

BERLIN (Reuters) ? Germany's Finance Minister spelled out details on Saturday of his proposal for national redemption funds for excess sovereign debt which he intends to present at a crunch summit of EU leaders next week aimed at restoring confidence in the euro.

Wolfgang Schaeuble outlined his plans under which states would effectively siphon off a chunk of their debt to a special national fund and pay it off over about 20 years while committing to reforms to keep debt levels on target.

Schaeuble believes his proposal, which has won qualified support from Chancellor Angela Merkel, would boost confidence as states would be sending a signal they were serious about limiting debt levels to 60 percent of gross domestic product.

Investors are desperate for a sign from EU leaders next week that they can find a solution to the more than two year-old debt crisis which is having a knock-on effect on the global economy. Merkel is pushing for binding EU rules on budget discipline.

"We need a redemption fund in every single country of the euro zone," Schaeuble told the Passauer Neue Presse.

"Each of these countries should put into a special fund that part of its debt which exceed 60 percent of its GDP, and should pay that off with tax revenues. Over a period of 20 years, the debt should be reduced to 60 percent," he said.

In Germany's case, the fund - covering federal, state and municipal debts - would amount to about 500 billion euros ($672 billion) as German debt is around 80 percent of its gross domestic product, said Schaeuble.

An earlier proposal this month from a panel of independent economic advisers to the German government which was rejected as unrealistic by Merkel, envisaged a European Redemption Pact.

That proposal, for a fund of up to 2.3 trillion euros, was anathema to Merkel because it suggested pooling excess debt into a fund with common liability.

Germany is dead set against any pooling of responsibility for debt within the euro zone, arguing states must themselves tackle their debt problems.

Schaeuble's plan has already hit opposition from Austria. Finance Minister Maria Fekter said on Friday any proposals that resulted in gathering billions of euros from taxpayers would encounter problems in national parliaments.

Merkel's spokesman welcomed Schaeuble's proposal as "interesting," saying it could help rebuild investor confidence.

However, it is far from clear whether Merkel will push the idea. Her main focus is securing a deal on changing EU treaties to force states to be more rigorous in budget discipline.

CRUNCH SUMMIT

Merkel meets French President Nicolas Sarkozy on Monday to hammer out details on the changes they hope leaders will agree to at the December 9 summit.

World stocks and European bonds made gains at the end of last week on hopes euro zone leaders may be moving closer to a comprehensive solution to the crisis.

Merkel, who told her parliament on Friday there were no quick fixes to the crisis, wants the EU to have greater powers to stop national budgets if they risk breaching the budget rules and to punish offenders.

Merkel's spokesman dismissed a report in Focus magazine which said Germany and France would if necessary let the euro zone break up and make agreements with individual governments if treaty changes could not be agreed between all members.

"The German government's goal is to strengthen stability in the euro zone as a whole through a common set of rules for stricter budget discipline," the spokesman told Reuters.

The German government wants as many members as possible of the 27-member EU to sign up to the changes. British Prime Minister David Cameron threatened on Friday to obstruct the Franco-German drive for swift EU treaty change.

Schaeuble reiterated Germany's opposition to common euro zone debt issuance in the newspaper interview, as did Economy Minister Philipp Roesler, leader of the Free Democrats (FDP), a junior partner in Merkel's centre-right coalition.

He told the Frankfurter Allgemeine Sonntagszeitung that there would be no euro bond under this government.

Schaeuble also reiterated Germany's stance that the European Central Bank was independent.

Former European Commission head Jacques Delors blamed Germany for insisting the ECB must not support debt-stricken members of the euro zone for fear of fueling inflation in an interview with Britain's Daily Telegraph.

The euro's troubles spring from "a combination of the stubbornness of the Germanic idea of monetary control and the absence of a clear vision from all the other countries," he said.

(Additional reporting by Andreas Rinke; editing by James Jukwey)

Source: http://us.rd.yahoo.com/dailynews/rss/business/*http%3A//news.yahoo.com/s/nm/20111203/bs_nm/us_eurozone_germany

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Sunday, December 4, 2011

Rival militias wage turf war near Libyan capital (Reuters)

JANZOUR, Libya (Reuters) ? One local official was killed and a militia base reduced to ruins in a clash between rival armed groups near the Libyan capital, the latest flare-up of tension between militias that is destabilising the new Libya.

Two months after Muammar Gaddafi was killed, Libya's new government is still unable to impose its authority on the ground, leaving security in the hands of militias which answer only to themselves and often wage turf wars with their rivals.

The violence in Janzour, a town about 17 km (10 miles) west of the capital, demonstrated that these militias remain the biggest threat to Libya's security despite attempts by the newly-formed interim government to get them under control.

The incident began early on Friday morning, when Ashraf Abdelsalam Al-Marni Swayha, deputy head of the Janzour military council, approached a checkpoint in the town with his driver.

The checkpoint was manned by a militia unit made up largely of fighters from Zintan, a city in the mountains south-west of Tripoli. Zintan fighters played a big role in ousting Gaddafi and have stationed themselves in towns around Tripoli.

According to Abdelnasser Frandah, head of the local council in Janzour, when the fighters at the checkpoint stopped Swayha's car, he told them he was deputy head of the local militia.

"They answered him: 'We do not care about the Janzour military council.' He ordered his driver to go and they started shooting at him," Frandah told Reuters on Saturday. "He fell as a martyr and the driver was slightly injured."

His account of the incident could not be independently confirmed. The funeral on Saturday of Swayha turned into a show of force by the Janzour militia. About 500 people turned up for the burial, many of them carrying weapons.

As the casket was lowered into the ground, an honour guard of three men in combat fatigues fired into the air from automatic weapons, while other fighters fired a salute from anti-aircraft guns mounted on two pick-up trucks.

VEHICLES TORCHED

Local people said that soon after Swayha's shooting, Janzour residents had gone to the headquarters of the Zintan fighters, a building that used to be an office of Gaddafi's secret police, and ransacked it.

There was no sign of Zintan fighters on Saturday. The burned-out hulks of two jeeps stood outside the former headquarters, and another five vehicles inside the compound had been destroyed. One wrecked car was still hot from the fire.

The attackers had also set fire to mattresses inside the guardhouse. Inside the main building, they had started a fire in one office, leaving the corridor stained black from the smoke.

Frandah said he wanted the Zintan fighters gone for good.

"These are revolutionary fighters, we do not want to say anything against them, but the reality is that some of them are outlaws," he said. "We are surprised that after liberation (from Gaddafi's rule) we have become captive to these brigades. If we describe it as an occupation we would not be exaggerating."

"They fire randomly into the air, they randomly take up positions at government facilities and homes and farms," he said. "They must go back to their homes and families and they must take charge of security in their own areas so that what happened here will not happen again."

SECURITY CHALLENGE

In a report released last week, the United Nations identified Libya's disparate militias as "a major challenge continuing to face the National Transitional Council," the interim leadership which replaced Gaddafi.

There have already been several outbreaks of fighting among the militias. Last month, rival fighters attacked each other with rockets, mortars and machine guns in four days of fighting. They were disputing control of a military base on the main highway between Tripoli and Tunisia.

About a week later, several people were killed in a gunfight after a militia from a district of Tripoli drove into the town of Bani Walid, south-east of the capital, and tried to arrest a local man.

Following those incidents, the transitional council convened tribal leaders at a conference aimed at reconciling rival groups. But the latest violence in Janzour suggests that the conference did not work.

Even at Saturday's burial there was a reminder of Janzour's uncomfortable co-existence with militias from out of town. On a wall near the cemetery, someone had scrawled, in large black letters: "Zintan. Land of the brave."

Source: http://us.rd.yahoo.com/dailynews/rss/africa/*http%3A//news.yahoo.com/s/nm/20111203/wl_nm/us_libya_militias

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Saturday, December 3, 2011

ESA gives up hope of contacting Mars moon probe

Lisa Grossman, reporter

The European Space Agency has given up trying to contact the Russian Mars probe Phobos-Grunt, which is currently stranded in Earth orbit.

Phobos-Grunt successfully launched from Baikonur, Kazakhstan, on 8 November with plans to land on the Martian moon Phobos and bring a sample back to Earth. It carried with it a Chinese satellite and 10 hardy organisms intended to test the idea that life on Earth could have come from space.

But the probe got stuck after the thrusters that were supposed to boost it out of Earth orbit and on its way to Mars failed to fire.

An ESA ground station in Australia contacted the probe briefly on 22 November and 23 November, but since then the spacecraft has been silent.

"Efforts in the past week to send commands to and receive data from the Russian Mars mission via ESA ground stations have not succeeded; no response has been seen from the satellite," the agency says in a brief statement posted on their website. With the tracking antennas needed for other duties, ESA has decided to stop listening.

NASA reportedly lent antennae in its Deep Space Network to the search for a week or so in November, but stopped in order to focus on tracking the 26 November launch of the Mars Science Laboratory rover.

Some slim hope remains with a Russian station in Kazakhstan, which heard from the probe on 24 November. Subsequent attempts have been fruitless, however.

Even if Phobos-Grunt begins responding, Mars is already well out of reach. The Red Planet comes into alignment with Earth for only a few weeks at a time every two years, and this year's launch window has ended. Phobos-Grunt mission scientist Alexander Zakharov has said that if the spacecraft is fully operational, the best scientific mission for it would be to study a near-earth asteroid.

If nothing changes, the probe will probably fall to Earth in January.

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Source: http://feeds.newscientist.com/c/749/f/10897/s/1a9d0fcc/l/0L0Snewscientist0N0Cblogs0Cshortsharpscience0C20A110C120Cesa0Egives0Eup0Ehope0Eof0Econtactin0Bhtml0DDCMP0FOTC0Erss0Gnsref0Fonline0Enews/story01.htm

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Democratize the EU (The Week)

New York ? If the EU is going to assume more control over debt-plagued nations' finances, it must first let Europeans elect the leaders in Brussels

You know what's in bigger trouble than Herman Cain's marriage??The global economy.

This may be the week that decides whether we stumble into ? or avert ? a second Great Depression. May I entice you to pay brief attention to a possible solution? Afterwards, we can quickly return to our regularly scheduled sex scandals.

SEE MORE: Does the E.U.'s Greek debt deal solve anything?

?

On Monday, Polish Foreign Minister Radek Sikorski gave one of the most important speeches yet delivered on a way past the euro crisis. Sikorski happens to be a good friend of mine, but I'd think the speech important even if I could not pick him out of a police lineup.

The speech demands to be read and studied in full, but the plan has three main elements:

1) The European Central Bank would assume ultimate responsibility for providing every member state of the EU the liquidity it needs to meet its obligations.?

SEE MORE: The rise and fall of Silvio Berlusconi

?

The most troubled countries in the Eurozone are seeing their local democratic decision-making subordinated to a remote bureaucracy elected by nobody at all.

2) The European Union would gain power to supervise the national finances of deficit countries ? including automatic sanctions, and potentially also including the ability to strip voting rights within the EU.

SEE MORE: 5 ways to save Europe

?

3) The EU institutions supervising national finances would be made more democratically accountable by electing the key figures at the EU level.

Along the way, Sikorski said some remarkable things, including this:

What, as Poland's foreign minister, do I regard as the biggest threat to the security and prosperity of Poland today, on 28th November 2011? It's not terrorism, it's not the Taliban, it's certainly not German tanks. It's not even Russian missiles which President Medvedev has just threatened to deploy on our border. The biggest threat to the security of Poland would be the collapse of the Eurozone.

And I demand of Germany that, for your own sake and for ours, you help it survive and prosper. You know full well that nobody else can do it. I will probably be first Polish foreign minister in history to say so, but here it is: I fear German power less than I am beginning to fear German inactivity.

You have become Europe's indispensable nation.

You may not fail to lead.

Of everything he said, it is the third point ? the call for European democratization ? that is most haunting.?

SEE MORE: Italy's debt crisis: Why everyone is panicking

?

The European Union is not a democracy because until now it has been regarded as an association of democracies. The institutions at the center of Europe existed to serve democratic governments, not to replace those governments.?

When the euro currency was proposed back in the 1990s, opponents of the euro warned that different countries cannot safely share one money. Either the euro would crack up under pressure (as, say, the Scandinavian cracked up in 1914 after 40 years of Swedish-Danish cooperation) ? or else the EU itself would have to evolve into a single polity.

SEE MORE: Will getting rid of Berlusconi solve Italy's debt problems?

?

Proponents of the currency pooh-poohed those warnings. Those euro advocates included not only the usual array of Brussels technocrats, but also America's own leading business newspaper, The Wall Street Journal.?

Now the issue has been put to the test. The proponents were wrong. The critics were right. The euro now threatens to plunge Europe and the world into financial crisis followed by severe recession. Threatens? The crisis is here, and the recession may already have begun.

SEE MORE: Europe's Catch-22

?

Again as the critics warned, there is no easy way back. Quitting the euro will be painful for the countries that go ? and even more painful for the countries who stay. Banks will be ruined, governments will step in, taxpayers will be called upon. The technical term for the unleashed process is "adjustment," but that bloodless term really means unemployment, loss of savings, squeezed public benefits, higher taxes, and years of slow growth.?

SEE MORE: Does Greece need a new government?

?

But to go forward toward a more integrated Europe ? just as the euro critics warned, just as the euro proponents promised would never happen ? is dangerous, too.

The most troubled countries in the Eurozone ? first Greece, now Italy, soon Spain, potentially France ? are seeing their local democratic decision-making subordinated to a remote bureaucracy elected by nobody at all.?

SEE MORE: Is Silvio Berlusconi really gone for good?

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That will not be acceptable or accepted. We may see populist movements of the Left and Right mobilize to oppose these imposed changes ? as people always oppose painful changes in which they feel they have had no voice, which they feel imposed by powerful outsiders. Along with "no taxation without representation," people also resent austerity without representation, pension cutbacks without representation, harder work for less reward without representation.

Yet when people are represented, when they do have voice, they can also show amazing responsibility and self-restraint. Europe should never have needed such a voice, because the euro gamble should never have been taken. Now, the options dwindle to an ugly few. More participation is the one way to make those options a little less ugly. Europe needs a euro democracy as much as it needs euro bonds and euro budgets. Things should have been otherwise, but Europe and the world are where they are.

SEE MORE: Greece's 'rogue' E.U. bailout vote: Democracy or 'tragedy'?

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    Friday, December 2, 2011

    How the Muppets Sound as Captivating as They Look [Video]

    The magic of the Muppets is the uncanny suspension of disbelief, which itself is a function of their being actual physical entities. A CGI Kermit would be a joke; the one we grew up with, though, we can see, and touch, and hear. And that last part is sorely underrated. More »


    Source: http://feeds.gawker.com/~r/gizmodo/full/~3/2CgF8pfFvIY/how-the-muppets-sound-as-grand-as-they-look

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