Eurozone crisis: countries may be ‘pushed out’ of single currency

From The Guardian UK: http://www.guardian.co.uk/business/2011/nov/15/eurozone-crisis-countries-pushed-out

Debt crisis intensifies as the Netherlands and France come under pressure from rising cost of borrowing

guardian.co.uk, Tuesday 15 November 2011

The prospect of a eurozone breakup intensified on Tuesday night as borrowing costs around the region soared and the Dutch prime minister said it should be possible to expel some members from the currency union.

Investors are rapidly losing hope that a solution to the sovereign debt crisis will be found, and their fear was demonstrated by rising bond yields – the rate of interest governments have to pay to borrow – across almost all single-currency countries. The Dutch premier, Mark Rutte, stoked fears that a collapse could become a reality as he aired the prospect of countries being ejected, albeit as a last resort.

“We would like countries to be able to be pushed out of the eurozone,” Rutte said on a visit to London, adding member countries must “put out the fire” of the debt crisis. As analysts warned of “terror taking hold”, even some of those countries until now regarded as safe havens, such as the Netherlands, came under pressure as fears about countries’ creditworthiness spread from peripheral countries such as Greece into Europe‘s core.

One bond expert described this as the most worrying day yet in the crisis. Mike Riddell, manager of M&G’s international sovereign bond fund, said France was now suffering a “full-blown run” on its debt, with investors dumping French bonds to move their money to safer havens. Riddell added that the credit default swap (CDS) market – where investors in effect bet on the prospects of countries going bust – now indicates that the chance of France losing its coveted top AAA rating is a near certainty.

“Even the Netherlands, which the market perceives to be the second strongest eurozone sovereign, is coming under

Continue reading at:   http://www.guardian.co.uk/business/2011/nov/15/eurozone-crisis-countries-pushed-out

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Kansas City Bishop Makes Deal to Avoid More Criminal Charges

From The New York Times: http://www.nytimes.com/2011/11/16/us/kansas-city-bishop-makes-deal-to-avoid-more-criminal-charges.html

By and
Published: November 15, 2011

KANSAS CITY, Mo. — In a deal to avoid a second round of criminal charges, a Roman Catholic bishop in Kansas City has agreed to meet monthly with a county prosecutor to detail every suspicious episode involving abuse of a child in his diocese for the next five years.

Bishop Robert Finn spoke with other clergy members at the annual fall assembly of the United States Conference of Catholic Bishops in Baltimore on Monday.

The bishop, Robert W. Finn of the Diocese of Kansas City-St. Joseph, was indicted in October by a grand jury in Jackson County for failure to report a priest accused of taking pornographic pictures of girls. Bishop Finn is the first American prelate to face indictment on charges of mishandling an abuse case.

The agreement announced on Tuesday between Bishop Finn and the prosecuting attorney of neighboring Clay County, Daniel White, leaves the bishop open to prosecution for misdemeanor charges for five years, if he does not continue to meet with the prosecutor and report all episodes. But victims’ advocates criticized the deal as cozy and ineffectual, compared with previous agreements between bishops and prosecutors.

The investigations in Kansas City stem from the bishop’s supervision of the Rev. Shawn Ratigan, who has been accused of taking photographs of the crotches of girls as young as 6 in local parishes and homes over many years. The bishop learned of the photos last December after a technician fixing the priest’s computer expressed serious alarm, but the diocese did not turn them over to the police until May. In that period, Father Ratigan is accused of taking more lewd photographs of girls at places including a church-sponsored Easter egg hunt.

Mr. White said in an interview that the agreement would build accountability and protect children, saying that a four-month grand jury investigation showed that “good people were having difficulty making good choices.”

Continue reading at:  http://www.nytimes.com/2011/11/16/us/kansas-city-bishop-makes-deal-to-avoid-more-criminal-charges.html

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NYPD Assaults Man & Punches Woman in Face at OWS / Liberty Plaza

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Perpetual War For Perpetual Peace: Australians divided over more US troops Down Under

We have always been at war with East Asia… Haven’t we?

From The Global Post:  http://www.globalpost.com/dispatch/news/regions/americas/united-states/111111/us-marines-barack-obama-australia-troops-vietnam

If and when President Obama announces an increased US troop presence in Australia, all eyes will be on China


November 15, 2011

BRISBANE, Australia — When President Lyndon Baines Johnson went looking for more support for US military escalation in Vietnam, newly installed Australian Prime Minister Harold Holt announced that his country would go “all the way with LBJ.”

The slogan had appeal in late-’60s Australia, which at the time subscribed to the American concern about the rapid spread of Communism should South Vietnam be overtaken by the communist North.

Ever since the British ceded Singapore to the Japanese in 1942, Australia has sought protection from perceived aggressors to its north, particularly Indonesia — the world’s most-populous Muslim nation, situated less than an hour’s flight from Darwin.

Having provided military support for all major US-led campaigns this century, including Korea, both wars in Iraq, and — despite widespread public opposition — Afghanistan, Australians could be forgiven for thinking that they’ve been going all the way with LBJ ever since.

When a report emerged on Nov. 11, Veterans’ Day, that President Barack Obama might soon announce a new, permanent US military base Down Under, reactions ranged from sullen resignation to outrage to tacit approval.

Citing “heightened concern about China,” the Sydney Morning Herald newspaper wrote that the US would establish a Marine Corps in Darwin, in the country’s far north. Obama would make the announcement during an official visit to Australia this week that includes a stopover in Darwin, the first by a US president.

Continue reading at:  http://www.globalpost.com/dispatch/news/regions/americas/united-states/111111/us-marines-barack-obama-australia-troops-vietnam

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Major Conflict of Interests: Scalia and Thomas dine with healthcare law challengers as court takes case

Time to remove Scalia and Thomas from the Supreme Court as they are obviously corrupt.

From The LA Times:   http://www.latimes.com/news/politics/la-pn-scalia-thomas-20111114,0,7978224.story

By James Oliphant
November 14, 2011

The day the Supreme Court gathered behind closed doors to consider the politically divisive question of whether it would hear a challenge to President Obama’s healthcare law, two of its justices, Antonin Scalia and Clarence Thomas, were feted at a dinner sponsored by the law firm that will argue the case before the high court.

The occasion was last Thursday, when all nine justices met for a conference to pore over the petitions for review. One of the cases at issue was a suit brought by 26 states challenging the sweeping healthcare overhaul passed by Congress last year, a law that has been a rallying cry for conservative activists nationwide.

The justices agreed to hear the suit; indeed, a landmark 5 1/2-hour argument is expected in March, and the outcome is likely to further roil the 2012 presidential race, which will be in full swing by the time the court’s decision is released.

The lawyer who will stand before the court and argue that the law should be thrown out is likely to be Paul Clement, who served as U.S. solicitor general during the George W. Bush administration.

Clement’s law firm, Bancroft PLLC, was one of almost two dozen firms that helped sponsor the annual dinner of the Federalist Society, a longstanding group dedicated to advocating conservative legal principles. Another firm that sponsored the dinner, Jones Day, represents one of the trade associations that challenged the law, the National Federation of Independent Business.

Continue reading at:  http://www.latimes.com/news/politics/la-pn-scalia-thomas-20111114,0,7978224.story

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Occupy Wall Street will fight on

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OWS banned from camping at Zuccotti Park

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