Monday, 4 August 2008

Tyson replaces Labor Day with Muslim Eid al-Fitr.

Chicken company: Workers wanted Islamic religious event recognized.
Posted: August 02, 2008
12:10 am Eastern

By Bob Unruh
© 2008 WorldNetDaily


A Labor Day parade from the early 1900s

Food workers at the Shelbyville, Tenn., plant for Tyson Foods, which boasts on its corporate website that it strives "to honor God," will have time off for Eid al-Fitr, the Muslim holiday closing the month of Ramadan, instead of the American tradition Labor Day.

Officials with the company told WND the labor union representing the 1,200 plant workers, including about 700 immigrants from Somalia who largely are Muslim, sought the holiday change in the new five-year contract, and the company agreed.

Officials with the Retail, Wholesale and Department Store Union issued a press statement about the new "contract [that] creates an additional paid holiday, [Eid al-Fitr,] a Muslim holiday that occurs toward the end of Ramadan."

A spokeswoman at the union's office told WND no one was in the office today who could comment on the request.

To the Shelbyville Times-Gazette, Gary Mickelson, Tyson's media chief, said there is no new holiday, but at the union's request the company agreed to discontinue the Labor Day holiday and implement Eid al-Fitr.

"Union leadership did request and receive Eid al-Fitr ... as a paid holiday in place of Labor Day," Mickelson told the newspaper.

"Since all Team Members will still have eight paid holidays, the change will not affect production," Mickelson said.

On the paper's forum page, readers were outraged.

"If this holiday is that important to them, make them take it off instead of Christmas Day and allow ALL workers to be off Labor Day. Most AMERICAN families have some type of function on Labor Day," wrote one participant.

"It says union leadership made this request, makes you wonder who runs the union. I guess they are already working on a plan to replace Memorial Day, that means nothing to the Muslims so why should we have the right to celebrate it. Labor Day commemorates the plight of workers and the struggle of labor unions to improve working conditions for American workers. The Muslims will not stop until all of our rights and laws are changed to accommodate their beliefs. This will be a new America but it will be their America," said another.

The union boasts on its website, "Diversity is one of the strengths of our union. … We may come from different countries and speak different languages. But what unites us is the belief that by standing together we can better advance our interests."

The holiday comes at the conclusion of the month-long Ramadan for Muslims, but it is not on the same day each year. Officials with Tyson said they were working out how best to address what apparently now will be a floating holiday for the company.

Mickelson said other days off for the company workers include birthdays, New Year's Day, Martin Luther King Jr. Day, Memorial Day, Independence Day, Thanksgiving Day and Christmas Day.

Union spokesman Randy Hadley told the newspaper, "The negotiating committee felt this was extremely crucial, since this holiday is as important to Muslims as Christmas is to Christians."

The union also reported "two prayer rooms have been created to allow Muslim workers to pray twice a day and return to work without leaving the plant."

Ironically, the company on its website also promotes a variety of traditional and customary Christian and secular blessings for food – its primary product.

Another forum participant said immigrants should adjust to American culture, not the other way around.

"This is America, founded by the blood of our forefathers and should not be challenged by Somalians, Hispanics, or any other immigrants. If they come to America, they need to learn our language and our ways. They can practice their culture in private if they so please, but not shove it down our throats. Would they let us go there and change there country? I have banned Tyson's products from my home for years because of the illegals they were hiring. I am sorry for the producers that are supplying them, but Tyson's has once again crossed the line with the American people. Labor Day was here long before Tyson's. What holiday will be next to be taken away and replaced to accommodate an immigrant. This stinks worse than the plant," the forum participant said.

"Disgusting ... appalling ... horrifying ... there just aren't enough words to describe this situation. There will never be another Tyson product in my home EVER!! Bedford County and the rest of the nation needs to take notice. Is this what we are coming to?" said another.

A Muslim website says the holiday is a "joyous three-day celebration" that concludes Ramadan, during which Muslims fast during the day.

According to the U.S. Department of Labor, the Labor Day national holiday dates from Sept. 5, 1882, and is "dedicated to the social and economic achievements of American workers. It constitutes a yearly national tribute to the contributions workers have made to the strength, prosperity, and well-being of our country."

EU Brief.


Italy ratifies EU Lisbon Treaty
BBC News - UK
Italy has become the 23rd out of 27 EU member states to approve the reform treaty, which is aimed at improving decision-making in the enlarged EU. ...
See all stories on this topic

No to no, the referendum-free EU

True to EU officialdom, British diplomatic and Whitehall form, which involves doing it all behind the backs of voters, Mr Grant suggests the following: "EU governments would then try to salvage the few parts of the Lisbon treaty that ...
blogs.telegraph.co.uk Blog Listings - http://blogs.telegraph.co.uk/bruno_waterfield

Terror news briefs
By ladybroadoak(ladybroadoak)
Italy's parliament has ratified the EU Lisbon Treaty, which was rejected by Irish voters in June. Italy has become the 23rd out of 27 EU member states to approve the reform treaty, which is aimed at improving decision-making in the ...
LadyBroadoak Visionary Planetary... - http://ladybroadoak.blogspot.com/

Reform of the EU treaty now on hold?
By colin
Reform of the EU treaty now on hold? The courts have today allowed Stuart Wheeler to challenge the ratification of the EU treaty so that we can have the referendum we were promised and which Brown is trying to deny us. ...
News & Events - Current Events - http://www.forum3.cn/forumdisplay.php?fid=2 

Daily news - 4 August 2008
... Feedback on new EU retail product framework for real estate funds; CEBS appoints new Secretary general; OFT guidance on implementation of the Unfair Commercial Practices Directive; New EU regulation could reduce financial services .
Freshfields Bruckhaus Deringer... - http://www.freshfields.com/fsdn/

Would like to Work as Office of Homeland Security? Get a Law ...
By pipat(pipat) This is done, mostly, as a condition from its membership from the European Union, as and when it is directed by Europe -as in the case from the level from its water-purity and the European directive regarding a standard common to all ...
personal laws - http://personallaws.blogspot.com/



An Obama-nation? Investigative Reporter & Author, Jerome Corsi, PhD,

An Obama-nation?
Investigative Reporter & Author, Jerome Corsi, PhD, joins Tamar

to talk about the background of one of America's most exciting and dynamic presidential candidates. But is Barack Hussein Obama a messiah or an Obama-nation?
click to listen Tuesday circa.20.00 UK Time.
In this thoroughly researched and documented book, THE OBAMA NATION: LEFTIST POLITICS AND THE CULT OF PERSONALITY (Threshold Editions; August 1st, 2008; $28.00), the #1 New York Times bestselling coauthor of Unfit for Command: Swift Boat Veterans Speak Out Against John Kerry, Jerome R. Corsi, Ph.D., explains why the extreme leftism of an Obama presidency would leave the United States weakened, diminished, and divided, and why Obama must be defeated and how he can be.
Barack Obama stepped onto the national political stage when the then-Illinois state senator addressed the 2004 Democratic National Convention. Soon after Obama was elected to the U.S. Senate, author Jerome Corsi began researching Obamas personal and political background.
Scrupulously sourced with more than six hundred footnotes, THE OBAMA NATION is the result of that research. By tracing Obama's career and influences from his early years in Hawaii and Indonesia, the beginnings of his political career in Chicago, his voting record in the Illinois legislature, his religious training and his adoption of Christianity through to his recent involvement in Kenyan politics, his political advisors and fund-raising associates, and his meteoric campaign for president, Jerome Corsi shows that an Obama presidency, would, in his words, be "a repeat of the failed extremist politics that have characterized and plagued Democratic Party politics since the late 1960s."

The Global Elders have appointed themselves to dispense wisdom and leadership to the "global village."Jimmy Carter? Nelson Mandela? Desmond Tutu? Yep.


Dear Friend,

If it weren't dead serious, it might be humorous.


The Global Elders have appointed themselves to dispense wisdom and leadership to the "global village."

Jimmy Carter? Nelson Mandela? Desmond Tutu? Yep. These plus 9 others make up an even dozen. The identity of the executive director will shock you.



The Global Elders

The Global Elders
Written by Patrick Wood
Friday, 01 August 2008


“We are moving to a global village and yet we don’t have our global elders. The Elders can be a group who have the trust of the world, who can speak freely, be fiercely independent and respond fast and flexibly in conflict situations.” (http://www.theelders.org website)

The Elders have arrived on the world scene. Thus far, there are 12 self-appointed “apostles” of globalism to manage the “global village.” This group represents the cream of the globalist crop.

Nelson Mandela – Former president of South Africa
Desmond Tutu – Former general secre-tary of the South African Council of Churches
Ela Bhatt – Founder of SEWA (Self-Employed Women’s Association) in India
Gro Brundtland – Former chair of the World Commission of Environment and Development (the Brundtland Commission), and driving force behind Sustain-able Development
Jimmy Carter – Former president of the United States
Muhammad Yunus – founder of Grameen Bank
Graca Machel – President of Foundation for Community Development in Mozambique
Kofi Annan – Former Secretary-General of the United Nations
Lakhdar Brahimi – Former Under-Secretary General of the United Nations
Fernando H. Cardoso – Former President of Brazil
Mary Robinson – Former President of Ireland; former United Nations High Commissioner for Human Rights
Aung San Suu Kyi – Freedom fighter and figurehead leader in Burma since 1988
Initial funding was secured from global players such as Richard Branson, Peter Gabriel, Humanity United, Tick Tarlow, the United Nations Foundations, and others.

The original idea behind The Elders came from British musical icon, Peter Gabriel.

The current Executive Director of The Elders is Dr. Robert A. Pastor (surprised?), who is also known as the “father of the North American Union” because of his tireless work to unite Mexico, Canada and the United States into a common block similar to the European Union.

Pastor has a very long association with Jimmy Carter dating back to the 1970’s, and with other members of the Trilateral Commission. For instance, he was the executive director of the infamous Linowitz Commission that produced the policy blueprint for Carter to give away the U.S.-owned Panama Canal during Carter’s presidency.

The Linowitz Commission consisted of eight members, seven of which were members of the Trilateral Commission. The temporary ambassador/negotiator to Panama was Commissioner Sol Linowitz.

Despite humanity's dark history of corruption and war, Elder Desmond Tutu not only disagrees but also believes that he is held in such high regard so as to qualify himself for global eldership...


“Despite all the ghastliness that is around, human beings are made for goodness. The ones who ought to be held in high regard are not the ones who are militarily powerful, nor even economically prosperous. They are the ones who have a commitment to try and make the world a better place. We - The Elders – will endeavor to support those people and do our best for humanity.” – [Desmond Tutu, http://theelders.org website]

In case you are thinking this is a spoof, forget it. Go to their website and check it out for yourself!


The Elders apparently assume that most, if not all, of the world they serve will be under Marxist control because their members are decidedly pro-Marxist.

When a pro-Marxist group tells you that they are going to do what’s good for humanity, that’s reason enough for you to fortify your home and build a perimeter. After all, well over 100 million people died in the last century because they didn’t go along with what their Marxist leaders conjured up for them.

Indeed, Jimmy Carter and Robert Pastor both show their true colors by their association with The Elders. Globalist ego seems to know no bounds.


Ed Note: If you study the picture above, you will see Robert Pastor squatting at the center of the front row. Jimmy Carter is seen in the back row over Pastor's left shoulder.

Picture courtesy of www.TheElders.org website






Please forward this email and/or the link to the story to as many people as you can. The Global Elders deserve some publicity, don't you think?


Regards,

Patrick Wood, Editor
The August Review

Made in Brussels. An egregious example of myopia.



Viewed from this side of the divide, there can be no doubt that the intellectual argument on "climate change" has been won. Not only is there ample evidence that there has been no warming for the last ten years, with the last year showing significant signs of cooling, the scientific basis of the AGW global warming creed has been so eroded that it no longer has any credibility.

But, if the argument has been won, that very fact is an irrelevance. So detached now is our government from any semblance of intellectual coherence that mere facts and argument have no impact whatsoever on policy.

By our "government", we do of course mean the European Union, for it is the driver of climate change policy, which then determines member state policies. We, at a national level, have absolutely no say in the major strategic decisions. The role of national governments is simply to devise means of implementing the diktats agreed in Brussels.

That much is evidenced today by the EU commission's launch of a public consultation on the "post-2012 agreement" on climate change. And, from all the propaganda material surrounding the launch, it is as if the debate on the issue had never happened. The commission in particular is entirely immune to discourse, its views frozen in time, locked into the gospel according to St Gore.

Thus does it offer an online "stakeholder" consultation form which admits only views on how it should achieve its declared policy of seeking to "limit global warming to no more than 2°C above pre-industrial temperatures". That is the only game in town, set out in its communication of January last year, from which it has no intention of deviating.

All the commission is interested in is "detailed views of stakeholders on the different building blocks of the Bali Road Map", all with a view to reaching an agreement in Copenhagen by the end of 2009, during a conference which will "bring together the world's nations to tackle this global challenge effectively". It is important, says the commission, "that our contribution to this discussion is shaped by the knowledge and expertise of the different EU stakeholders."

In that context, there cannot be any national debate on the climate change – the issue has been decided at EU level. For national "actors" to re-open questions on the agenda would put them in direct conflict with our masters in Brussels.

That is why, of course, national politicians do not and cannot entertain any debate, and why Cameron and his minions shy away from anything substantive, preferring instead to deal with social and other issues which have no immediate EU dimensions.

This also explains why the Conservatives are not engaging in a debate on our energy supplies. The EU has already decided that energy policy is subordinate to its plans to control climate change, having set out its stall in its energy green paper in 2006. It has handed down the Holy Writ.

That makes any ideas of a national energy policy, majoring on the three essential elements of affordability, adequacy and security of supplies, entirely at odds with EU policy. And that means my articulating ideas in on a future Tory energy policy over the weekend was a complete waste of time. The Tories are never going to engage seriously in this debate, as it would mean challenging the received wisdom in Brussels.

Policy on such strategic issues is, these days, made in Brussels. The new game being played by our politicos is to avoid any discussion on such matters, in the hope that we will not notice.

Meanwhile, here is 
Remember the media frenzy back in 1992 when it was reported that sheep and rabbits in Chile were going blind as a result of the thinning of the ozone layer? With desperate hacks winging their way to the outer reaches of Patagonia, by 1993, the story was in full flood with a July showing of the story on the US network ABC's Prime Time Live it had become a matter of firm fact that "in Patagonia, hunters now report finding blind rabbits; fishermen catch blind salmon," all because of the "hole" in the ozone layer. 

Not until some time later did a group at Johns Hopkins University investigate the evidence, whence they attributed the cases of sheep blindness to a local viral infection known as "pink eye". But, to this day, the myth survives.
a few days ago. And now, so severe is the crisis that, for nearly a month, a major relief operation has been underway.

But, unfortunately for the victims of this crisis, they are suffering from an unfashionable cause - the most severe cold weather on record. Temperatures have been falling to below-zero extremes, threatening the lives of thousands of children and pregnant mothers living in very remote, very poor highland communities. Animals are dying, crops have been wiped out and respiratory diseases are rampant.
>.

When history comes to be written, the inactivity of the media – to say nothing of the politicians and the chattering classes - surely will be seen as the most egregious example of myopia since Marie Antoinette made her remarks about eating cake.

Russian oligarchs tighten their grip on London.



Russia's super-rich might be getting bad publicity from the TNK-BP deal but what it really shows is that they can no longer be ignored, writes David Litterick

At this time of year, Cyprus is a holiday paradise. Millions flock to the Mediterranean nation's beautiful beaches. But last month it played host to a rather different set of guests. Some of the world's richest men gathered in an opulent room in the Four Seasons Hotel near Limassol, keen to wield their influence - and with it lay low one of the biggest names in corporate Britain.
Between them, Viktor Vekselberg, Mikhail Fridman and Leonid Blavatnik control a fortune worth more than $40bn, according to the most recent Forbes list of billionaires, and none of them is frightened of letting it show.
"They are the three oligarchs behind AAR, a consortium that owns 50 per cent of TNK-BP, an oil joint venture with the British corporate giant which is hitting the headlines for all the wrong reasons.
But if their extreme wealth is recognised, so too is their aggression when it comes to business.
The row between their consortium and BP is more than just a localised spat among joint venture partners. Its effects are playing out at government level and on the UK stock market, where political risk has prevented BP from enjoying the oil price boom.
Steven O'Sullivan spent nine years in Russia with United Financial Group and advised on the TNK-BP deal. He said the new breed of wealthy Russian businessmen have been increasingly influencing corporate Britain, without many people even realising.
"Russians have been in London for some time because it's close to Moscow and it's very international and you have seen them active in the property market," he said. "London is an attractive market to them."Between 1998 and 2004 more than $100bn flowed out of Russia, according to Forbes magazine. A substantial chunk of that is now being spent in the boutiques and estate agents of London, thought to be home to more than 300,000 Russians."Companies from the CIS form an ever greater part of the London [stock market] index,"
O'Sullivan said. "And Russian oligarchs are increasingly invested in it themselves through investment funds. Many of them practically operate as large institutions in their own right, playing the stock market, so they do have an enormous amount of influence - more so than previously - and I'm not sure everyone appreciates that.

"I think most Russian companies understand that good corporate governance enhances value but because of the size of the Russian resources industry there are many companies that are heavily influenced by the state. The shares of Mechel [a miner] fell by almost a half when [former president] Putin said he didn't like the management, so you have to deal with that kind of unpredictability.

As for TNK-BP, he said: "There are different agendas at play. BP shareholders have benefited tremendously from the deal but it looks like they will get less of the benefits of the joint venture in the future and more of the money will stay in Russia."

Although Vladimir Putin had been elected four years previously, it was the arrival of Roman Abramovich on the London social scene four years ago and his acquisition of Chelsea football club, that forced people to look eastward.

Regarded as a disaster area during President Boris Yeltsin's years of chaotic transformation, the Chelsea deal was the first sign that Russia had regained its status as a world power.

The story of how the oligarchs made their money is hard to credit.

As former communists, many were permitted during Perestroika to set up co-operatives, which later became lucrative trading businesses.

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Tables Turning on Australian Dollar. New Zealand's dollar has some tough months, and probably a tough year, ahead.

Look Out Below! New Zealand Dollar Falling Friday, August 1, 2008 9:56 AM By: Sean Hyman New Zealand's dollar has some tough months, and probably a tough year, ahead. For the longest time, it raised rates and has held the title of having the highest interest rate of any triple-A rated country. So, naturally, money ran to take advantage of this very high yield, since the risks appears to be so low with such an awesome credit rating. So, for years now, there was nothing not to love and no reason to be out of this currency. Well, today is a different day. Recently, the central bank surprised economists by lowering interest rates for the first time since July 2003. Currency investors around the world are taking note. As small countries do, New Zealand usually has to cut rates rather quickly once they start cutting, because the economy is so quickly affected. 

I would expect to see another 50 basis points shaved off in addition to that 25 basis point cut. I think you may see it at the end the year at 7.50 percent. Another cut could come as soon as the Sept. 11 meeting. Why cut? Any time your economy starts to slump, the way to give it a shot in the arm is to cut the cost of money, which lowers rates on loans and credit cards and makes it easier for both companies and consumers to borrow. Tourism spending growth is already slowing under the highest exchange rates since the early 1980s and the highest interest rate in years. This combo has certainly discouraged tourism. Why go there when the exchange rates are so high, especially since in one year they will be significantly lower, most likely? So, with tourism down; the economy contracting 0.3 percent in the first quarter; a drought; a slumping housing market in its fourth month of declining sales and prices; slumping retail sales; the lowest consumer confidence readings in years; and rising credit costs … why wouldn't the country continue to slump? It has everything going against it right now. All of this combined will probably cause New Zealand to see its first recession since 1998. Many economists consider two back-to-back quarters of negative GDP growth to be the sign of a recession. We have one quarter of negative GDP already, and I'm predicting another one to follow. However you want to call it, that puts them into a recession. All of this will bring the currency down from its present level of 0.7425 on the NZD/USD pair to around 0.7200 in the coming month or two. I also believe you will see this NZD/USD exchange rate drop to around 0.6000 before the decline is over. It could drop more, but I think you will see it fall at least this far before all said and done. That said, there will be a lot of shorting opportunities for long term currency investors and short term traders alike. While the NZD/USD exchange rate has fallen 2.6 percent this week, there is much more to follow. This is just the beginning. Inflation is still high and will remain that way for quite some time. However, the central bank expects that the slowdown in the overall economy will drag down inflation over time. I feel they are right in this assessment as well. Nevertheless, I do expect a near-term rally over the upcoming days to weeks as the pair consolidates a bit before making its next major move downward. In fact, comments from their central banker, Alan Bollard, may even encourage a near-term consolidation. Quoting him: "Provided that the outlook for inflation continues to improve and there is no excessive exchange rate depreciation, we could expect to lower the official cash rate further." This is their attempt to have an orderly decline and not a massive sell-off in the currency. And with these comments, that is what Bollard will likely get. So, as the New Zealand economy remains weak for at least the remainder of 2008, expect more rate cuts and currency depreciation over time as the fundamental situation in their country continues to erode. Even the U.S. dollar will hold its ground against the New Zealand dollar while the New Zealand currency continues its fall, bringing the NZD/USD exchange rate quite significantly lower by year's end. © 2008 Newsmax. All rights reserved.





"Update and Onward"


August 4, 2008

Well, seems Abbas has been convinced to take the members of Fatah who fled from Gaza, saying that he recognizes their lives would be at risk if they were forced to return. This decision was made after overnight discussions between our Ministry of Defense and Abbas's office. At first it was said they would be sent to Ramallah, but now it appears their final destination will be Jericho.
Khaled Abu Toameh, of the Post, has provided some insight into Abbas's reason for not wanting them: The Hilles clan is, in Abu Toameh's words, a bunch of "Fatah thugs." The PA is having trouble maintaining law and order in Judea and Samaria as it is. The presence of this gang, which was pretty much a law unto itself and had its own military training base -- which is why Hamas was after its members -- is bound to cause trouble for the PA. What is more, there is hostility between Fatah people of Gaza and Fatah people of Judea and Samaria.
~~~~~~~~~~
This last reason shines a light on what is becoming more and more obvious: There is no "Palestinian people." There are only various factions. Never mind that Hamas and Fatah don't get along, there are cultural differences and animosities between the Arabs in Gaza and those in Judea and Samaria, even if they are both loyal to Fatah.
With this latest action against Fatah in Gaza, which completes the Hamas takeover there, it is also clear that the PA is growing ever weaker. Hamas is biding its time in terms of a takeover in Judea and Samaria.
According to Pinchas Inbari, writing for the Jerusalem Center for Public Affairs, Hamas is planning this after the release of Shalit, which will secure the release of Hamas parliament members and cadres who will go back to the West Bank and strengthen the infrastructure there.
If you remember, I reported the other day that Abbas said he might disband the PA if Israel releases these Hamas members in an exchange. It is something he very much fears.
~~~~~~~~~~
Just two days ago there was a report that Hamas is thinking of freezing negotiations on Shalit until the political uncertainty here in Israel passes.
However, here yesterday formation of a panel on prisoner release criteria was announced -- to be headed by Vice Premier Haim Ramon, and including Public Security Minister Avi Dichter, Justice Minister Daniel Friedmann and Minister-without-Portfolio Ami Ayalon.
As I understand it, in an effort to have more flexibility regarding who might be released, they are going to reconsider the definition of who has "blood on his hands." Right now those who do have blood on their hands are not released. What is being considered is removing from this category those who organized and dispatched others to carry out attacks that failed.
This is cowardly game-playing based on a technicality. The person who planned an attack intended to kill Jews is not necessarily any less evil or dangerous because the attack failed than someone whose attack succeeded. But such is the hunger within the government to be done with the Shalit issue at last.
Even this "redefinition," I am certain, will not totally satisfy Hamas demands. We've agreed to fewer than 100 of 450 being demanded.
The problem at this point is that we are negotiating from weakness. After what we agreed to in the negotiations with Hezbollah, Hamas is emboldened. They are convinced that we want Shalit badly enough so that if they hold out, they'll get what they want from us.
~~~~~~~~~~
Indication of the need to bring back Shalit was highlighted by a small incident today: When Chief of Staff Gabi Ashkenazi greeted new IDF recruits at an induction center, he held a question and answer session. One new inductee said, "...after we complete our recruit service and advanced training, we will be on the front line. But in the meantime, Gilad Shalit is in captivity and this is a very disturbing issue."
Replied Ashkenazi: "Gilad Shalit has been held hostage for more than two years and we must return him and make every effort on this matter. We know that Gilad Shalit is alive, where he is being held and by whom.
"...I can't go into details, but efforts are being exerted on the Gilad Shalit issue on all levels."

"[soldiers] must always remember that if anything happens to them, we will make sure they are returned to their families."

An IDF spokesman promptly rushed to explain that there is no new information, and there are no plans for a rescue operation. Lt.-Gen. Ashkenazi, he explained, simply meant that Shalit was being held by Hamas in Gaza.
~~~~~~~~~~
see my website www.ArlenefromIsrael.info

Decoupling in the Land of the Dead. Financing the “golden years” with base metal...when automakers get hauled to the junkyards and sold for scrap...



Decoupling in the Land of the Dead
Financing the “golden years” with base metal...when automakers get hauled to the junkyards and sold for scrap...
*** Bobbing on a frothy sea of ‘money’...the influential fat paws of market manipulation...
Ouzilly, France Monday, August 4, 2008
*** Financing the “golden years” with base metal...when automakers get hauled to the junkyards and sold for scrap...
*** Bobbing on a frothy sea of ‘money’...the influential fat paws of market manipulation...
*** Domesticating the jungle of capitalism...a ‘smoking gun’ that saves the yankees’ case...and more!


Writing to you from the Land of the Dead...

We step back in order to have a look at the Big Picture.

Hmmm...still, not very clear. So, we step back again...and again. Soon, we are so far away that we can’t see a thing!

Still, looking through the binoculars, this is what we think we see.

First, the U.S. economy is in decline. The latest figures show it growing more slowly than the population – which means, the average citizen is getting poorer.

Of course, dear readers know the figures are not very helpful anyway. In a consumer economy, GDP growth rates tend to measure the rate at which people consume wealth rather than the rate at which they create it.

But let us put that quibble aside, at least for this morning.

The weekend news brought more evidence that the U.S. economy has peaked out. Recent graduates are having a hard time finding work, says the Washington Post . Joblessness is supposed to rise to 6% next year, adds the Financial Times .

Even ‘the rich are beginning to feel the pain,’ opines a piece from the Associated Press .

And millions of Americans are facing “retirement poverty,” continued the salmon-colored paper. Why? They haven’t saved enough...and their houses – on which they had counted to finance their golden years – suddenly seem to be made of base metal.

Fannie Mae faces a “glut of unsold homes,” reports the Chicago Tribune . (What the paper means is that it faces a glut of houses, not homes. A home is what people make of a house. But if it is unsold, it is a house, not a home. And many of the houses built in America in the last 10 years will probably never be homes. They are too expensive. Too far out. And too many.)

“Ghost towns across America,” is how the Wall Street Journal describes them.

Another small bank failed in Florida, while in Detroit, the auto industry is a wreck. Vehicle sales are down 13.2%, for obvious reasons...and the automakers are running low on cash, says the New York Times .

Between 1950 and 2000, the USA transformed itself from a country that made things to a country that financed things. Mothers stopped wanting their babies to grow up and become captains of industry; instead, they wanted them to go to Wall Street. That’s where the money was – in finance, not in manufacture. Gradually, the engineers and machinists who used to run the automakers were replaced by financiers. And gradually, the business model changed, from making money by selling cars to making money by financing cars. And if you’re going to finance cars, why not finance some houses too?

But now the finance industry seems to have peaked out. And what’s left of the automakers? We don’t know...but we’re going to find out soon – as they get hauled to the junkyards, stripped, dismantled and sold for scrap.

“Only luck can save America’s troubled economy,” concludes the FT .

From a distance, we can see the United States – and England – sinking. But it looked for a long time as though the rise of other economies – China, India, Russia, Brazil...just to name a few – might be enough to balance it out. This was the theory of ‘decoupling,’ the idea that the U.S. could sneeze all it wanted; the rest of the world would still remain in rude good health.

Here at The Daily Reckoning , we were always skeptical of the ‘decoupling’ concept. Coupling has been going on for a long time; it didn’t seem likely to us that it should suddenly go out of style.

On the other hand, never before in the history of the world has so much economic growth been going on. And most of it is going on outside the United States...and Europe.

“It’s amazing...I just can’t believe it,” said a young man we met over the weekend. “I work in aluminum. I’m a buyer for a big French company that makes products out of aluminum. So, I travel regularly to China...to Beijing and Shanghai, mostly. I go at least every six months. And when I go I stay in the same hotels. And I get there and I look out the window, and every time there is another big skyscraper right next door. ‘Where did that come from?’ I wonder. Because they hadn’t even begun to work on it when I was there the last time. But those people work day and night. And the city of Shanghai is growing by about 30,000 new people every week...something like that. It’s unbelievable...

“And then when I get back to France...it is like going into a museum...where nothing ever changes. In some ways, it is a comfort, because life here is nice...predictable...and comfortable. But it is like the land of the dead.”

And now, the big news: manufacturing contracted in China for the first time since ’05. Decoupling? Maybe...but China is slowing down too. And if America, Britain, Europe and Asia are all slowing down, what does it mean for oil and commodities? It means they must go down!

Yes, that is the third big thing we see...as we look through our binoculars. After hitting a high of $147, oil is slipping and sliding. It ended last week at $125 – a loss of 15% from its high.

The industrial commodities are all falling – copper, aluminum, steel. Gold at $917 an ounce also seems to have lost its way. And many people think we’ve seen the last of the bull market in the whole commodity/oil/gold complex. It may be another 20 years, some believe, before we have another big run-up in the commodity sector. So far, no major magazine has announced the “Death of Commodities,” but surely some are thinking about.

But we’re even more skeptical about the ‘death of commodities’ than we are of ‘decoupling.’ Because, commodities cycles tend to be much longer than other cycles...and prices do not react only to the economic cycles; they also react to the monetary cycles. Copper, oil, lead, wheat – all represent more or less finite resources. And all require real resources – time, money, equipment, investment, and know-how – to bring forth. You can’t blame the people who produce them for wanting more than worthless pieces of paper in exchange for them. Typically, the more pieces of paper there are in circulation – pretending to be ‘money’ – the more pieces of paper producers want in exchange for their oil, gold, silver, lead, etc. And typically, they look ahead to try to figure out what those pieces of paper will be worth in the future before they agree to trade valuable resources for them.

Yes, dear reader, that is what we see through our binoculars too. A world in motion. Nothing stands still. Instead, no matter where we look – at houses, oil, stocks, you name it – it bobs on a frothy sea of ‘money.’ And while we have to look to see if the United States and China are declining...or if the financial boom has topped out...or the commodity cycle has peaked...we also have to keep our eye on tides of money too. About which...more to come this week...

*** “Wave goodbye to the invisible hand,” says a Washington Post article by Steven Pearlstein. The poor man thinks it is the ‘invisible hand’ of the market that has messed things up, rather than the fat paws of the market manipulators in Washington.

“Trade...[has]...failed to deliver the economic and social outcomes that Americans consider acceptable,” he writes.

He has a point – trade has failed to give the yahoos what they wanted, something for nothing. They thought they could use their houses like an infinite line of credit. Didn’t turn out that way.

But nobody really appreciates laissez-faire capitalism, least of all the capitalists. They all want to control the future, not let it happen. And everybody wants to gain some edge...some little favor or advantage – a monopoly, a subsidy, a fat contract with the government, a handout, free food, free medicine, crop supports, student loans, a guaranteed pension, a bailout, a tax credit...some kind of greasy giveaway; the last thing they want is a free market, where the chips fall where they may.

And now that the illusions of the Reagan Era are being destroyed, out come the regulators, controllers and meddlers with illusions of their own. Now, they claim they can make a better world – better than people could make on their own. They’ll make sure that capitalism is put in chains...defanged, de-clawed...trained and harnessed. They’ll turn the jungle of capitalism into the zoo of a rational, state-managed mixed economy.

The Wall Street Journal reports that New York has gone into court with a complaint about Citigroup. “Hey, we didn’t know you could lose money on those freak investments you sold us,” say the New Yorkers.

They are all searching the email records for the ‘smoking gun,’ a single email by someone with a brain pointing out the obvious – that those complicated collateralized securities might really be the investments of “mass capital destruction” that Warren Buffett said they were.

And hallelujah, they’ve got one: “We should not be rating it,” said an email from an operative from Standard & Poor’s, stating what many others must have thought but few dared to say.

As you recall from last week, the sovereign state of Connecticut has attacked the rating agencies, charging that they knew or should have known what they were doing. Now, with that email, it looks like the yankees have a case.

Until tomorrow,

Bill Bonner
The Daily Reckoning

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The Daily Reckoning PRESENTS: If the economy were a cup of coffee, the mortgage market would be the half and half. Unfortunately, the mortgage market is passed its expiration date. Good thing the Mogambo drinks his coffee black, eh? Read on...

THE HALF AND HALF IN YOUR ECONOMIC COFFEE
by The Mogambo Guru

Peter Schiff of Euro Pacific Capital writes, “The grim reality is that trillions of dollars were borrowed and spent that will never be repaid. No government program can alter that fact. Someone is going to have to pay the piper for all those granite counter tops and plasma TVs. The price tag is staggering and for all the bailouts and stimulus packages, all the government can do is exacerbate the losses and shift the burden through inflation. Nor can the government resurrect bubble home prices and the fantasy of real estate riches that went along with them. One way or another, rational home prices will be restored and the myths of our asset-based, consumption-dependent economy will be finally discredited.”

If that wasn’t enough, as a long-time homeowner, I can tell you that buying the house is just the beginning of house-induced-bankruptcy, as staggering property taxes and homeowner insurance are major recurring items, but which doesn’t even begin to address the fact that you need to paint the damned thing every ten years or so – costing many thousands of dollars – and replace the roof about every 15 years – costing many more thousands of dollars – and replace every damned thing in it (air conditioner/heater, dishwasher, water heater, televisions, video players, furniture, carpets, etc) in the thing every 7 years or so, costing umpteen MORE thousands of dollars, not to mention all the front doors you knock down and have to replace when your family locks you out as part of some doofus “tough love” thing, like I’m going to put up with that crap even if I was sober!

So, it seems little wonder that so many people are allowing themselves to go into foreclosure. Nobody told them about that part!

And given that banks, when selling foreclosed houses, actually net about half the price of the mortgage, that means to me that houses are, by extension, overpriced by half, and as such will surely not be rising in price for a long, long time to come.

The businessspectator.com is not interested in how I am trying to unload my own eyesore of a house at a seeming top in the market, or how I am holding the dishwasher together with duct tape until then, but says that that National Australia Bank has made a “decision to write off 90 per cent of its US conduit loans”, which apparently comes out to a tidy $830 million dollars! Wow! Talk about biting a bullet!

They go on, “A US recession is now locked in, but more alarmingly, 55 per cent loan losses point to the possibility of a depression.”

Possibility? Hahaha! The essay “Dead Cat Bounce” by Edgar J. Steele at conspiracypenpal.com hits the nail on the head when he says, “Not only is something wrong with the dollar, the banking system and the economy, there almost literally is nothing right with any of them. Truth is, that whistling noise you hear is the air streaming past your ears as we all plummet into the deepest economic abyss ever seen by mankind.”

So why haven’t things collapsed? The answer is simplicity itself: Desperate actions by desperate people in Congress and the Federal Reserve, who are using every slimy trick they can think of, as I gather from Michael S. Rozeff, a retired professor of finance and writing at LewRockwell.com, who asks, “What do our officials most fear? They fear the public’s loss of confidence. Events are driving their improvised attempts to stem a general loss of confidence in the dollar, in them, the financial and monetary system, and the government as a whole”.

The motivation, I assume, is because the November elections are just around the corner, where all the House of Representatives and a third of the Senate are up for re-election! Hahaha! Now you know how things work!

And they may be onto something there, as the latest Gallup poll has Congress receiving its lowest approval rating ever. Only 14%! And when 6 out of 7 people think you are doing a bad job, you become desperate people doing desperate things, too.

Some will be desperate enough to buy gold and silver. They will almost certainly prosper, if history repeats itself as it always has.

Others will be desperate enough to invest in other things. They will almost certainly not prosper, if history repeats itself as it always has.

So it comes down to a bet on a 100% long-term probability, which makes me go “Whee!”

Until next time,

The Mogambo Guru
for The Daily Reckoning

Editor’s Note: Richard Daughty is general partner and COO for Smith Consultant Group, serving the financial and medical communities, and the editor of The Mogambo Guru economic newsletter – an avocational exercise to heap disrespect on those who desperately deserve it.

The Mogambo Guru is quoted frequently in Barron’s , The Daily Reckoning and other fine publications. Click here to visit the Mogambo archive page .


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River Thames. (also often known in part as "Isis" and joined to the Rhine pre-ice-age?)

River Thames

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Thames
River
none The Thames in London
The Thames in London
Country Flag of England England
Counties Gloucestershire, Oxfordshire, Berkshire, Buckinghamshire, Essex, Kent
Cities Oxford, Reading, Slough, London, Southend
Source
 - location Kemble
 - elevation 110 m (361 ft)
Mouth Thames Estuary, North Sea
 - location Southend-on-Sea, Essex, UK
 - elevation m (0 ft)
Length 346 km (215 mi)
Basin 12,935 km² (4,994 sq mi)
Discharge for London
 - average 65.8 /s (2,324 cu ft/s)
Discharge elsewhere (average)
 - entering Oxford 17.6 /s (622 cu ft/s)
 - leaving Oxford 24.8 /s (876 cu ft/s)
 - Reading 39.7 /s (1,402 cu ft/s)
 - Windsor 59.3 /s (2,094 cu ft/s)

The Thames (tɛmz ) is a major river flowing through southern England. While best known because its lower reaches flow through central London, the river flows through several other towns and cities, including Oxford, Reading and Windsor.

The river gives its name to the Thames Valley, a region of England centred around the river between Oxford and West London, and the Thames Gateway, the area centred around the tidal Thames and the Thames Estuary to the east of London.

Contents

[hide]

[edit] Summary

The River Thames is the longest river entirely in England, rising officially at Thames Head in Gloucestershire, and flowing into the North Sea at the Thames Estuary. It has a special significance in flowing through London, the capital of the United Kingdom, although London only touches a short part of its course. The river is tidal in London with a rise and fall of 7 metres (23 ft) and becomes non-tidal at Teddington Lock. The catchment area covers a large part of South Eastern and Western England and the river is fed by over 20 tributaries. The river contains over 80 islands, and having both seawater and freshwater stretches supports a variety of wildlife.

The river has supported human activity from its source to its mouth for thousands of years providing habitation, water power, food and drink. It has also acted as a major highway both for international trade through the Port of London, and internally along its length and connecting to the British canal system. The river’s strategic position has seen it at the centre of many events and fashions in British history, earning it a description as “Liquid History”. It has been a physical and political boundary over the centuries and generated a range of river crossings. In more recent time the river has become a major leisure area supporting tourism and pleasure outings as well as the sports of rowing, sailing, skiffing, kayaking, and punting. The river has had a special appeal to writers, artists, musicians and film-makers and is well represented in the arts. It is still the subject of various debates about its course, nomenclature and history.

[edit] Physical and natural aspects

[edit] Course of the river

The monument at the official source of the Thames.
The monument at the official source of the Thames.
River Thames Flood Barrier
River Thames Flood Barrier
The Thames passes by some of the sights of London, including the Houses of Parliament and the London Eye
The Thames passes by some of the sights of London, including the Houses of Parliament and the London Eye
Thames in Greenwich
Thames in Greenwich

The Thames has a length of 215 miles (346 km). Its usually quoted source is at Thames Head (at grid reference ST980994), about a mile north of the village of Kemble and near the town of Cirencester, in the Cotswolds. However, Seven Springs near Cheltenham, where the river Churn rises, is also sometimes quoted as the Thames' source[1], as this location is furthest from the mouth both in distance along its course and as the crow flies and adds some 14 miles (22km) to the length. The springs at Seven Springs also flow throughout the year, while those at Thames Head are only seasonal.

The Thames flows through or alongside Ashton Keynes, Cricklade, Lechlade, Oxford, Abingdon, Wallingford, Goring-on-Thames, Reading, Henley-on-Thames, Marlow, Maidenhead, Windsor, Eton, Staines, Weybridge and Thames Ditton before entering the Greater London area. The present course is the result of several minor redirections of the main channel around Oxford, Abingdon and Maidenhead and more recently the creation of specific cuts to ease navigation.

From the outskirts of Greater London, the river passes Hampton Court, Kingston, Teddington, Twickenham, Richmond (with a famous view of the Thames from Richmond Hill), Syon House and Kew before flowing through central London. In central London, the river forms one of the principal axes of the city, from the Palace of Westminster to the Tower of London and was the southern boundary of the mediaeval city, with Southwark on the opposite bank.

Once past central London, the river passes between Greenwich and the Isle of Dogs, before flowing through the Thames Barrier, which protects central London from flooding in the event of storm surges. Below the barrier, the river passes Dartford, Tilbury and Gravesend before entering the Thames Estuary near Southend-on-Sea.

[edit] Catchment area and discharge

The river drains a catchment area of 4,994 square miles (12,934 km²) or 5,924 square miles (15,343 km²) if the River Medway is included as a tributary.[2]

[edit] The non-tidal section

The Jubilee River at Slough Weir
The Jubilee River at Slough Weir

Brooks, canals and rivers, within an area of 3,841 square miles (9,948 km²), combine to form 38 main tributaries feeding the Thames between its source and Teddington Lock, the tidal limit. Before Teddington Lock was built in 1810-12, the river was tidal as far as Staines. The tributaries include the rivers Churn, Leach, Cole, Coln, Windrush, Evenlode, Cherwell, Ock, Thame, Pang, Kennet, Loddon, Colne, Wey and Mole. In addition there are many backwaters and distributaries and some man-made channels such as the Longford River.

More recently, an artificial secondary channel to the Thames, known as the Jubilee River, was built between Maidenhead and Windsor for flood relief, being completed in 2002.

More than half the rain that falls on this catchment is lost to evaporation and plant growth. The remainder provides the water resource that has to be shared between river flows, to support the natural environment, navigation and the community needs for water supplies to homes, industry and agriculture.

The non-tidal section of the river is managed by the Environment Agency which has the twin responsibilities of managing the flow of water to control flooding, and providing for navigation. The volume and speed of water down the river is managed by adjusting the gates at each of the weirs and at high water levels are usually dissipated over flood planes adjacent to the river. Occasionally flooding is unavoidable, and the Agency issues Flood Warnings. During heavy rainfall the Thames occasionally receives raw sewage discharge due to sanitary sewer overflow.

[edit] The tidal section

Main article: Tideway
London Stone at Staines, built in 1285 marked the tidal limit of the Thames and the City of London's jurisdiction
London Stone at Staines, built in 1285 marked the tidal limit of the Thames and the City of London's jurisdiction
The lower course of the Thames in 1840
The lower course of the Thames in 1840

Below Teddington Lock (about 55 miles/89 kilometres upstream of the Thames Estuary) the river is subject to tidal activity from the North Sea. Before the lock was installed the river was tidal as far as Staines. London, capital of Roman Britain was established on two hills, now known as Cornhill and Ludgate Hill. These provided a firm base for a trading centre at the lowest possible point on the Thames.[3] A river crossing was built at the site of London Bridge. London Bridge is now used as the basis for published tide tables giving the times of high tide. High tide reaches Putney about 30 minutes later than London Bridge, and Teddington about an hour later. The tidal stretch of the river is known as "the Tideway".

The principal tributaries on the Tideway include the rivers Brent, Wandle, Effra, Westbourne, Fleet, Ravensbourne (the final part of which is called Deptford Creek), Lea, Roding, Darent and Ingrebourne. At London, the water is slightly brackish with sea salt, being a mix of sea and fresh water.

This part of the river is managed by the Port of London Authority. The flood threat here comes from high tides and strong winds from the North Sea, and the Thames Barrier was built in the 1980’s to protect London from this risk.

[edit] Islands

Temple Island — the start of the Henley Royal Regatta course
Temple Island — the start of the Henley Royal Regatta course

The river Thames contains over 80 islands ranging from the large esturial marshlands of the Isle of Sheppey, Isle of Grain and Canvey Island to small tree covered islets like Rose Isle, Oxfordshire and Headpile Eyot Berkshire. Some of the largest inland islands - Formosa Island near Cookham and Andersey Island at Abingdon - were created naturally when the course of the river divided into separate streams, while Desborough Island, Ham Island at Old Windsor and Penton Hook Island were artificially created by lock cuts and navigation channels. Chiswick Eyot is a familiar landmark on the Boat Race course, while Glover's Island forms the centrepiece of the spectacular view from Richmond Hill. Islands with a historical interest are Magna Carta Island at Runnymede, Fry's Island at Reading and Pharaoh's Island near Shepperton. In more recent times Platts Eyot at Hampton was the place where MTBs were built, Tagg's Island near Molesey was associated with the impresario Fred Karno, and Eel Pie Island at Twickenham was the birthplace of the South East’s R&B music scene.

[edit] Geological history

Goring Gap, where the Thames broke through the Chilterns, seen from Lardon Chase
Goring Gap, where the Thames broke through the Chilterns, seen from Lardon Chase

The River Thames can first be identified as a discrete drainage line as early as 58 million years ago, in the late Palaeocene Period Thanetian Stage.[4] Until around half a million years ago, the Thames flowed on its existing course through what is now Oxfordshire, before turning to the north east through Hertfordshire and East Anglia and reaching the North Sea near Ipswich. At this time the river system headwaters lay in the English West Midlands and may, at times, have received drainage from the North Wales Berwyn Mountains. Arrival of an ice sheet in the Quaternary Ice Age, about 450,000 years ago, dammed the river in Hertfordshire and caused it to be diverted onto its present course through London. This created a new river route aligned through Berkshire and on into London after which the river rejoined its original course in southern Essex, near the present River Blackwater estuary. Here it entered a substantial freshwater lake in the southern North Sea basin. The overspill of this lake caused the formation of the Dover Straits or Pas-de-Calais gap between Britain and France. Subsequent development led to the continuation of the course which the river follows at the present day.[5]

At the height of the last ice age around 12000 years ago, Britain was connected to mainland Europe via a large expanse of land known as Doggerland in the southern North Sea basin. At this time, the Thames' course did not continue to Doggerland, but was aligned southwards from the eastern Essex coast where it met the Rhine, the Meuse and the Scheldt[5] flowing from what are now The Netherlands and Belgium. These rivers formed a single river—the Channel River (Fleuve Manche)—that passed through the Dover Strait and drained into the Atlantic Ocean in the western English Channel.

[edit] Wildlife

Swan Upping - skiffs surround the swans
Swan Upping - skiffs surround the swans
Fishing at Penton Hook Island
Fishing at Penton Hook Island

Various species of bird feed off the river or nest on it, some being found both at sea and inland. These include Cormorant, Black-headed Gull, and Herring Gull. The Swan is a familiar sight on the river but the Black Swan is more rare. The annual ceremony of Swan upping is an old tradition of counting stocks. Geese that can be seen include Canada Geese, Egyptian Geese, and Bar-headed Geese, and familiar ducks include the Mallard, Mandarin Duck, and Wood Duck. Other water birds to be found on the Thames include the Great Crested Grebe, Coot, Moorhen, Heron, and Kingfisher. In addition there are many types of British birds that live alongside the river, although they are not specific to the river habitat.

The Thames contains both seawater and freshwater, thus providing support for seawater and freshwater fish. The salmon, which inhabits both environments has been reintroduced, and succession of fish ladders built into weirs to allow them to travel upstream. The eel is a particularly associated with the Thames and there were formerly many eel traps designed to catch them. Some of the freshwater fish to be found in the Thames and its tributaries include brown trout, chub, dace, roach, barbel, perch, pike, bleak, and flounder. Colonies of short-snouted seahorses have also recently been discovered in the river.[6]

In addition the Thames is host to some invasive crustaceans including Signal crayfish and Chinese Mitten Crab.

On 20 January 2006 a northern 16-18 ft (5 m) bottle-nosed whale was spotted in the Thames and was seen as far upstream as Chelsea. This is extremely unusual because this type of whale is generally found in deep sea waters. Crowds gathered along the riverbanks to witness the extraordinary spectacle. But it soon became clear there was cause for concern, as the animal came within yards of the banks, almost beaching, and crashed into an empty boat causing slight bleeding. Approximately 12 hours later, the whale was believed to be seen again near Greenwich, possibly heading back to sea. There was a rescue attempt lasting several hours, but it eventually died on a barge. See River Thames whale.[7]

[edit] Human aspects

The River Thames has served several roles in human history, being an economic resource, a water highway, a boundary, a fresh water source, also a source of food and more recently a leisure facility.

[edit] Human history

The Tower, with Tower Bridge built 800 years later
The Tower, with Tower Bridge built 800 years later
An engraving by Claes Van Visscher showing Old London Bridge in 1616, with Southwark Cathedral in the foreground
An engraving by Claes Van Visscher showing Old London Bridge in 1616, with Southwark Cathedral in the foreground
The Frozen Thames, 1677.
The Frozen Thames, 1677.
19th century painting "Haymaking on the Thames" by John Clayton Adams
19th century painting "Haymaking on the Thames" by John Clayton Adams
Wallingford Bridge and St Peter's Church
Wallingford Bridge and St Peter's Church
The Thames at Hampton
The Thames at Hampton
The Thames as it flows through London, with the Isle of Dogs in the centre.
The Thames as it flows through London, with the Isle of Dogs in the centre.

There is evidence of human habitation living off the river along its length dating back to Neolithic times.[8] The British Museum has a decorated bowl (3300-2700 BC), found in the River at Hedsor, Buckinghamshire and a considerable amount of material was discovered during the excavations of Dorney Lake.[9] A number of Bronze Age sites and artifacts have been discovered along the banks of the River including settlements at Lechlade, Cookham and Sunbury-on-Thames. Some of the earliest written accounts of the Thames occur in Julius Caesar’s account of his second expedition to Britain in 54BC[10] when the Thames presented a major obstacle and he encountered the Iron Age Belgic tribes the Catuvellauni, and the Atrebates along the river.

Under the Emperor Claudius in AD 43, the Romans occupied England and recognising the River's strategic and economic importance, built fortifications along the Thames valley including a major camp at Dorchester. Two hills, now known as Cornhill and Ludgate Hill, provided a firm base for a trading centre at the lowest possible point on the Thames called Londinium where a bridge was built. The next Roman bridge upstream was at Staines (Pontes) to which point boats could be swept up on the rising tide with no need for wind or muscle power. Many of the Thames’ riverside settlements trace their origins back to very early roots and the suffix - “ing” in towns such as Goring and Reading, Berkshire owe their origins to the Saxons. Recent research suggests that these peoples preceded the Romans rather than replaced them.[11] The river’s long tradition of farming, fishing, milling and trade with other nations started with these peoples and has continued to the present day. Competition for the use of the river created the centuries-old conflict between those who wanted to dam the river to build millraces and fish traps and those who wanted to travel and carry goods on it. Economic prosperity and the foundation of wealthy monasteries by the Anglo-Saxons attracted unwelcome visitors and by around AD 870 the Vikings were sweeping up the Thames on the tide and creating havoc as in their destruction of Chertsey Abbey.

Once King William had won total control of the strategic Thames Valley he went on to invade the rest of England. He had many castles built, including those at Wallingford, Rochester, Windsor and most importantly the Tower of London. Many details of Thames activity are recorded in the Domesday book. The following centuries saw the conflict between King and Barons coming to a head in AD 1215 when King John was forced to sign the Magna Carta on an island in the Thames at Runnymede. This granted them among a host of other things under Clause 23 the right of Navigation. Another major consequence of John’s reign was the completion of the multi-piered London Bridge which acted as a barricade and barrage on the river, affecting the tidal flow upstream and increasing the likelihood of freezing over. In Tudor and Stuart times the Kings and Queens loved the river and built magnificent riverside palaces at Hampton Court, Kew, Richmond on Thames, Whitehall and Greenwich.

The 16th and 17th Centuries saw the City of London grow with the expansion of world trade. The wharves of the Pool of London were thick with sea-going vessels while naval dockyards were built at Deptford. The Dutch navy even entered the Thames in 1667 in the raid on the Medway.

A cold series of winters led to the Thames freezing over above London Bridge, and this led to the first Frost Fair in 1607, complete with a tent city set up on the river itself and offering a number of amusements, including ice bowling. In good conditions barges travelled daily from Oxford to London carrying timber and wool, foodstuffs and livestock, battling with the millers on the way. The stone from the Cotswolds used to rebuild St Paul’s Cathedral after the Great Fire in 1666 was brought all the way down from Radcot. The Thames provided the major highway between London and Westminster in the 16th and 17th centuries and the clannish guild of watermen ferried Londoners from landing to landing and tolerated no outside interference. In AD 1715 Thomas Doggett was so grateful to a local waterman for his efforts to ferry him home pulling against the tide, that he set up a rowing race for professional watermen known as “Doggett's Coat and Badge”.

By the 18th century, the Thames was one of the world's busiest waterways, as London became the centre of the vast, mercantile British Empire and progressively over the next century the docks expanded in the Isle of Dogs and beyond.. Efforts were made to resolve the navigation conflicts up stream by building locks along the Thames. After temperatures began to rise again, starting in 1814, the river stopped freezing over completely.[12] The building of a new London Bridge in 1825 with fewer pillars than the old, allowed the river to flow more freely and reduced the likelihood of freezing over in cold winters.[13]

The Victorian era was an era of imaginative engineering. In the 'Great Stink' of 1858, pollution in the river reached such proportions that sittings at the House of Commons at Westminster had to be abandoned. A concerted effort to contain the city's sewage, by constructing massive sewers on the north and south river embankments followed, under the supervision of engineer Joseph Bazalgette. Meanwhile, similar huge undertakings took place to ensure water supply, with the building of reservoirs and pumping stations on the river to the west of London. The embankments in London house the water supply to homes, plus the sewers, and protect London from flood. The coming of rail added both spectacular and ugly railway bridges to fine range of earlier road bridges but reduced commercial activity on the river. However sporting and leisure use increased with the establishment of regattas like Henley and The Boat Race. On 3 September 1878, one of the worst river disasters in England took place, when the crowded pleasure boat Princess Alice collided with the Bywell Castle, killing over 640 people.

The growth of road transport and the decline of the Empire, in the years following 1914, reduced the economic prominence of the river. During World War II the protection of the Thames was crucial to the defence of the country. Defences included the Maunsell forts in the estuary and barrage balloons to cope with the threat of German bombers using the distinctive shape of the river to navigate during The Blitz. Although the Port of London remains one of the UK's three main ports, most trade has moved downstream from central London. The decline of manufacturing industry and improved sewage treatment have led to a massive clean-up since the filthy days of the late 19th and early- to mid-20th centuries, and aquatic life has returned to its formerly 'dead' waters. Alongside the river runs the Thames Path, providing a route for walkers and cyclists.

In the early 1980s a massive flood-control device, the Thames Barrier, was opened. It is closed several times a year to prevent water damage to London's low-lying areas upstream (as in the 1928 Thames flood for example). In the late 1990s, the 7-mile (11 km) long Jubilee River was built, which acts as a flood channel for the Thames around Maidenhead and Windsor.[14]

[edit] Origin of the name

Statue of Old Father Thames at St John's Lock
Statue of Old Father Thames at St John's Lock

The Thames, from Middle English Temese, is derived from the Celtic name for the river, Tamesas (from *tamēssa)[15], recorded in Latin as Tamesis and underlying modern Welsh Tafwys "Thames". The name probably meant "dark" and can be compared to other cognates such as Irish teimheal and Welsh tywyll "darkness" (PC *temeslos) and Middle Irish teimen "dark gray"[15], though Richard Coates[16] mentions other theories: Kenneth Jackson's[17] that it is non Indo-European (and of unknown meaning), and Peter Kitson's[18] that it is IE but pre-Celtic, and has a name indicating muddiness from a root *tã-, 'melt'.

The river's name has always been pronounced with a simple t; the Middle English spelling was typically Temese and Celtic Tamesis. The th lends an air of Greek to the name and was added during the Renaissance, possibly to reflect or support a belief that the name was derived from River Thyamis in the Epirus region of Greece, whence early Celtic tribes were erroneously thought to have migrated.

Indirect evidence for the antiquity of the name 'Thames' is provided by a Roman potsherd found at Oxford, bearing the inscription Tamesubugus fecit (Tamesubugus made this). It is believed that Tamesubugus's name was derived from that of the river.[19]

The Thames through Oxford is often given the name the River Isis, although historically, and especially in Victorian times, gazetteers and cartographers insisted that the entire river was correctly named the River Isis from its source until Dorchester-on-Thames. Only at this point, where the river meets the River Thame and becomes the "Thame-isis" (subsequently abbreviated to Thames) should it be so-called; Ordnance Survey maps still label the Thames as "River Thames or Isis" until Dorchester. However since the early 20th century, this distinction has been lost in common usage outside Oxford, and some historians suggest the name Isis—although possibly named after the Egyptian goddess of that name—is nothing more than a contraction of Tamesis, the Latin (or pre-Roman Celtic) name for the Thames.

Richard Coates suggests that while the river was as a whole called the Thames, part of it, where it was too wide to ford, was called *(p)lowonida. This gave the name to a settlement on its banks, which became known as Londinium, from the Indo-European roots *pleu- "flow" and *-nedi "river" meaning something like the flowing river or the wide flowing unfordable river).[16]

For merchant seamen, the Thames has long been just 'The London River'. Londoners often refer to it simply as 'the river', in expressions such as 'south of the river'.[20]