http://theweek.com/article/index/219956/alabamas-vanishing-hispanics-proof-that-harsh-immigration-laws-workAlabama's 'vanishing' Hispanics: Proof that harsh immigration laws work?
Immigrant families rush to leave the Yellowhammer State — which is now enforcing an immigration law that might be the nation's toughest
posted on October 5, 2011, at 3:35 PMThousands of protesters rallied against Alabama's strict immigration law earlier this year, but it still went into effect over the weekend, encouraging some Hispanic families to flee the state. Photo: Erik Lesser/ZUMA Press/Corbis SEE ALL 35 PHOTOS
Best Opinion: American Thinker, Progressive, NY Times
Libya: NATO Provides the Bombs;
The French "Left" Provides the Ideology
http://mrzine.monthlyreview.org/2011/levy051011.html
The two most Eurosceptic speeches came – mirabile dictu – from MEPs
http://blogs.telegraph.co.uk/news/danielhannan/100109142/the-two-most-eurosceptic-speeches-came-mirabile-dictu-from-meps/
Nothing tangible has been offered, just policy comments, and it’s not clear what signal is being sent,” Scotia Capital economists Derek Holt and Karen Cordes Woods said in a report. “Yes, it would be a positive to inject capital into the most pressured banks in order to mitigate” a lending crunch in Europe. “But the horse is already out of the barn in that sense,” they commented.
Overnight bank deposits at the European Central Bank have climbed in recent days to their highest level this year, reflecting growing distrust within the financial system over banks’ ability to repay their loans. Euro-zone banks would rather park their cash at the ECB at a low interest rate of 0.75 per cent than lend to other banks at the higher interbank rates.
The interbank market is not yet frozen, which occurred at the height of the 2008 credit crisis. But the risks are rising that Europe’s bank woes will spill over into the interconnected global financial system.
http://www.theglobeandmail.com/globe-investor/eu-moves-to-damp-down-fears-for-shaky-banks/article2191508/
Martin Wolf, Financial Times
http://www.businessspectator.com.au/bs.nsf/Article/European-sovereign-debt-crisis-eurozone-fiscal-uni-pd20111005-MBW2W?opendocument&src=rss
German Chancellor Angela Merkel said that Europe’s rescue fund will only be used as a last resort to save banks and that investors may have to take deeper losses as part of a Greek rescue.
Merkel’s comments, her most explicit on banks’ role in fighting the debt crisis since the spillover from Greece began to threaten France and Italy, followed talks with European Commission President Jose Barroso in Brussels. Financial shares rose yesterday amid speculation that euro-area policy makers are working on plans to boost bank capital to contain the crisis.
“Time is running out” to establish if recapitalization is necessary, Merkel told reporters. Troubled banks need to first seek capital on their own and national governments will help if that’s not possible, she said.
“If a country cannot do it using its own resources and the stability of the euro as a whole is put at risk because the country has difficulties, then there’s the possibility of using the EFSF,” the European Financial Stability Facility, she said. Using the rescue fund is “always tied to a certain conditionality.”
http://www.bloomberg.com/news/2011-10-05/merkel-signals-more-greek-investor-losses-readiness-to-boost-bank-capital.html
The patheticTories: they still hope Brussels will learn to love them
The Tories still don’t get it, and in so many ways.
Yesterday the Conservative MEP Kay Swinburne was at the Open Europe debate at the party conference in Manchester, warning about how there was a climate of ‘hostility’ towards Britain in Brussels.
First note to Swinburne: ‘Warning’ about such a climate? Why would any British Conservative warn against hostility towards Britain in Brussels? Hostility from euro fanatics should be taken as a badge of honour, not a cause for concern.
Then – and this is where we know the Tories really, really don’t get it – Swinburne suggested that to counter this hostility the Government should try to increase the number of British civil servants at the European Commission.
This is a line David Cameron has taken before: he says that the UK should try to up the number of British eurocrats because they would be more likely to steer things the UK’s way.
Except they wouldn’t. Serving in the commission is like serving in the Harem of the Seraglio: first qualification is to turn yourself into a national eunuch. There are no ‘British’ serving in the EU institutions, only ‘Europeans.’
I heard it again just last week at one of the daily press briefings at the commission. A journalist asked one of the spokesmen about the move by the commission to take increased powers over the budgets of eurozone states. The reporter asked how it could be that a British commissioner would then be able to vote on eurozone budgets, even though the UK was not a member of the eurozone.
There was an icy pause from the podium, then a statement of official policy: ‘There is no UK representative in the commission.’
Dead right there’s not. Any Brit who wants to serve in that palace of delights has to agree to have his Union Jacks cut off at the door.
http://synonblog.dailymail.co.uk/
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