text:
Can the rest of Europe stand up to Germany?
As financial markets slide toward disaster, scarcely pausing to celebrate the "success" of the Greek election or the deal to recapitalize Spanish banks, the euro project is finally revealing its fatal flaw. One country poses an existential threat to Europe – and it is not Greece, Italy or Spain. Every serious proposal to resolve the euro crisis since 2009 – haircuts for bank bondholders, more realistic fiscal consolidation targets, jointly guaranteed eurobonds, a pan-European bailout fund, quantitative easing by the European Central Bank – has been vetoed by Germany, and this pattern looks likely to be repeated next week.
Nobody should be surprised that Germany has become the greatest threat to Europe. After all, this has happened twice before since 1914. To state this unmentionable fact is not to impugn Germans with original sin, but merely to note Germany's unusual geopolitical situation. Germany is too big and powerful to coexist comfortably with its European neighbors in any political structure ruled purely by national interests. Yet it isn't big and powerful enough to dominate its neighbors decisively, as the U.S. dominates North America or China will dominate the Far East.
Wise German politicians recognized this inherent instability after 1945 and abandoned the realpolitik of national interest in favor of the idealism of European unification. Instead of trying to create a "German Europe" the new national goal was to build a "European Germany." Unfortunately, this lesson seems to have been forgotten by Angela Merkel. Whatever the intellectual arguments for or against German-imposed austerity or the German-designed fiscal compact, there can be no dispute about their political import. Merkel's stated goal is now to create a "German Europe," with every nation living, working and running its government according to German rules.
Merkel doubtless believes that she is helping Europe when she maternally instructs the Greeks, Italians and Spaniards to "do their homework" and so become good little Germans. But like its less benign predecessors, this effort to impose German hegemony is guaranteed to fail. Europe's leaders must therefore start considering a previously unmentionable question, perhaps as soon as next week's summit, if the euro crisis intensifies. This question is not whether Europe will agree to live under German leadership, but whether Germany will agree to live under EU leadership – or whether the other nations must form a united front against Germany to prevent the destruction of Europe, as they have repeatedly in the past.
To be specific, the euro's only chance of survival now depends on a decisive move toward political and fiscal union. Angela Merkel plays lip service to such political union, even claiming that democratic accountability is her main condition for financial rescues; but what she means is accountability to German voters, German newspapers and German constitutional judges. She promises to "do whatever it takes to save the euro" but vetoes anything that might actually work, claiming deference to German public opinion or national interests.
Europe must now call this bluff. At next week's summit, France, Italy and Spain can turn the tables on Merkel by presenting her with an ultimatum: Led by President Hollande, who has abandoned President Sarkozy's Gaullist pretensions of parity with Germany, the big three Mediterranean countries could agree on a program that really might save the euro: a banking union, followed by jointly issued eurobonds and backed by ECB quantitative easing. If Merkel tried to block these policies, the others could politely invite her to leave the euro, since Germany's political pressures evidently made membership impossible on terms its partners could accept – essentially the proposition Merkel put last month to Greece. Without Germany, the euro zone would have much smaller internal imbalances and much more political coherence, with a much weaker currency and higher inflation, both of which would make debts easier to resolve.
Merkel would probably insist on Germany's legal right to remain within the euro, ironically echoing the Greek position. At this point the other nations could play their trump card: To reduce interest rates and make their economies more competitive by weakening the euro, the debtor nations could vote for unlimited bond purchases by the ECB. The Germans on the ECB council would doubtless oppose this, but even with support from Finland, Slovakia, and perhaps Austria and Holland, Germany could command no more than 7 votes out of 23. Germany would then face the very same existential choice about its relations with Europe that Merkel has inflicted on Greece and other debtor nations.
Germans will almost certainly support the political concessions that might give the euro a chance of survival, including fiscal transfers and some mutualization of debts, once they realize that their only alternative is isolation from the rest of Europe. But before they agree to a European Germany, voters may need to be reminded that trying to create a German Europe always leads to disaster.
PHOTO: German Chancellor Angela Merkel (R) and British Prime Minister David Cameron arrive for a statement to the media before bilateral talks in Berlin, June 7, 2012. REUTERS/Tobias Schwarz
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There is a possibility that I read Merkel's game plan wrong.
But if I read it right, then you are very short-sighted Anatole Kaletsky. The Germans are seeing at least 25 years further into the future.
Hint: The fundamental principle of some false God and his idea has been a curse exploited by the populists and become impediment to progress and advancement to Europe. Some number in Europe has to go down to at most 40%
well put.Everyone is tired of Merkel and her lack of leadership in this matter.Someone needs to stand up to her and get a commitment .Everytime there is a glimmer of hope it is dashed by this narrow minded physicist.Enough already time to s or get off the pot
Great article. Thanks.
I was wondering why Ms Merkel was acting like a wooden bird. Her lack of leadership on this issue is becoming quite apparent to all and maybe even to Germans. If Germany leaves the euro their currency will be so strong that they won't be able to sell their goods to Europe and with German companies setting up shop in China, even Germans may start feeling the pain of the rest of Europe or the US.
what a bore
the usual prejudiced view on matters teutonic
(1) "merkel pays lip …." – ahhh, the give-away; an obsequious bow to london;
(2) references to 1914, world wars – why not mention the treaty of versailles? even keynes was sickened by england's treachery; why not look at the Uk's dismal legacy in the middle-east – oil war after grisly oil war and an obsequious devotion to the house of saud ( and its money)
(3) germany doesn't stand alone in the eurozone or the EU; england does (gleefully recounted by reuters itself)
(4) spend time persuading cameron to print more pounds to bail-out greece – or even yourselves in the Uk
remind us when you write something less embedded in the nether regions of recession-soaked brittania
Check your math. Germany and allies do have a blocking 39% minority in the Governing Council of the ECB.
This article is unfounded, simplistic, and ludicrous.
Without Germany's help and guidance, the euro would be a thing of the past, and the "Second World Recession" would be right on its tracks. Unlike England, Germany still has manufacturing powerhouses, which create jobs for the rest of Europe, as well as balances the trade gap with China.
"Every serious proposal to resolve the euro crisis since 2009"
Increasing misallocations within the European Currency Union would be a consequence of Euro Bonds. There are a lot of risks in these countries e.g. Spain housing market similar to US-subprime crisis, Italy corruption, mafia, and so on. The markets take these risks into consideration and demand high risk premiums. That's the market!
Ok, you want to take action, introduce Euro Bonds, so that the interest rate for high risk countries will not reflect the risks hidden in the system. Cause these are "proud countries" that accept money, but no conditions –as it is your opinion biased by irrational fear of "the bad German"- there will be no political and fiscal union. Why the U.S. don't unite with Mexico and share everything?! Cause these are different cultures and political systems – same in Europe. The nations like each other, have things in common, but are different. They don't speak the same language and nobody, even the Germans, don't want some other nation to tell them what to do.
As a "financial economist" you should also be familiar with the fact that spending borrowed money for consumption and useless investments will never lead to a balanced budget. Germany's itself struggling with a debt problem, but has taken actions towards a balanced budget. There is nothing left to share. Euro Bonds will just blow more money in inefficient systems on behalf of the German growing efficient system. These states will default sooner or later due to the lack of Credibility. Germany will also default if it accept to lent his credibility to a club of states, that are nearly bankrupt.
You cannot have a common currency without one fiscal policies set by vote by population and a bankruptcy court and laws for it voted by population.
If one loans money to those who can not pay without losing necessities, one should not expect payment. Holders of Greek, Spanish and Italian dept should not expect payment.
But of cause every one would feel better if loser sent commandos to bump off the book cookers.
Does anyone else think scythe is German? Anatole seems to have struck a nerve with this piece. lol
In the USA when a city goes bankrupt the courts sets payments based on what can be paid. Since slavery has been done away with if loan to those who cannot pay without loss of necessities, you lose.
Well, I suppose it;'s a new view on the matter, but it strikes me as being absolute hogwash. Forcing Germany out of the euro would do it some short term harm but nothing like the harm it would do to the southern countries (France, Italy, etc) which would be completely blocked off from the financial markets. It would result in a split up of the EZ into 2: the northern and the southern. The northern countries will have their currency appreciate and the southern ones will have theirs devalued. But the damage to southern countries will be much more severe and they will take a much longer time to recover.
One should remember that Germany was doing very well before the introduction of the euro, when it had a very high exchange rate and a less efficient economy then it has now.
The problem is that the EZ concept was fatally flawed from the beginning. I've no doubt that many countries, including Germany, are planning and laying the ground work for the breakup of the euro.
Very well written article and articulated very succinctly. Furthermore, it cuts to the core. It's time to stop splitting hairs about mechanisms and look at the fundamental forces at work. A unified Europe can succeed. And be exquisite. But only if Germany relinquishes its sovereignty to a democratic Europe along with each member country. As you said, they need to transition into a European Germany, without unilaterally dictating to the other European countries. Their money is only part of a thriving society. There are many ways to live and work. There are many ways to be productive. The German way is not the only one.
"You cannot have a common currency without one fiscal policies set by vote by population and a bankruptcy court and laws for it voted by population."
Why not?
The only problem is that there are book cookers.
If people play by the rules, they wouldn't be able to borrow money and load other people with toxic loan in the first place.
Everybody living within their mean. The reality that too many people ignorantly, recklessly and immorally refuse to accept.
Nevertheless, I can see a lot of people here who want the world to operate by the old Testament.
"When the Shmita year ends, personal debts which are due during that year are considered nullified and forgiven".
It seems to have entrenched in them at the sub-conscience level.
While Shmita's basic idea is very appropriate to apply to agriculture in the bad poor desert land of the middle east so the land can recover and be protected from over cultivation. I don't think people should apply it in other situation.
When it comes to loan and money, it creates too much incentive to be a book cooker and scammer.
We definitely don't want a chaotic world where everybody tries to swindle, lie and scam another. Nobody trusts anybody. Too hard to do business in that primitive environment.
"But only if Germany relinquishes its sovereignty to a democratic Europe along with each member country"
Replace a few words and we have:
"But only if the capitalists relinquishes their freedom to a democratic government along with other citizen"
Das Kapital
Karl Marx – 1867
First of all, the Germans are not going to cede sovereignty to a Europe that would be a financial disaster without them. In addition, the Germans have done their homework. The boon that the euro has been to Germany's balance of trade pales in comparison to what it would cost to subsidize the eurozone perifery for an indeterminate period. Merkel is working in the best interest of her country, as she should. It won't be necessary to threaten Germany with expulsion from the euro. They will walk before accepting the terms discussed by the author.
This is basically a financial sector crisis where financial participants have been caught with their pants down and now are screaming for someone to bail them out of their peripheral EU positions.
The financial sector assumed that the Greenspan/Bernanke/Geithner doctrine would apply and that the central bankers (their favorite sugardaddies) would ride to the rescue and externalise their losses/costs on society as has happened over the last 15-20 years.
Merkel understands better than any other Anglo Saxon politician that these ongoing bailouts ultimatley lead to the destruction of societys REAL WEALTH and are unfair, morally wrong and unsustainable. Her calls for private sector involvement is actually how CAPITALISM is supposed to work and is basicallly about people taking responsibility for their own actions.
She has not vetoed everything that may work – she has been pushing for a financial transaction tax which would allow a substantial portion of peripheral debt to be pooled and paid down via the proceeds of this tax over say 20 years. This starts to impose the costs of cleaning up the crisis with those who created it (i.e. "The Polluter Pays" or the "You Break it You Own Principle"). Even the rival SPD in Germany is in favour of this.
However it is Mr Cameron and Mr Obama who have shot this proposal down as they seem beholden to vested interests in the financial sector
Astounding. Absolutely astounding… I assume you're a well-educated man Mr. Kaletsky, so that leaves either a lack of diligence or pure blind ignorance to explain how you could write this and expect people to take you seriously ever again. I'll grant you it's an opinion article, and you should express your opinion in it. What you should not do, is rest on the assumption that people will continue to read the drivel you're putting forth as legitimate or informed opinion…. the laughable idea that germany is attempting a take-over of europe simply because they were careful and thoughtful when planning national finances, tastelessly referencing the dark chapters of 20th century history that everyone is still very aware of…. I hear Fox news is hiring……
Germany might be the largest economy in Europe but it is just too small a country to bailout the rest of Europe. The economy of France, Italy and Spain combined is bigger than Germany.
Besides, there is no way Germany or any country will keep bailing out every failed bank in Spain or Italy.
Angela Merkel is working in the best interest of her country, and the writer or this article is working in the best interest of his country too (England in this case).
"Nobody should be surprised that Germany has become the greatest threat to Europe. After all, this has happened twice before since 1914. To state this unmentionable fact is not to impugn Germans with original sin, but merely to note Germany's unusual geopolitical situation."
Bull s h * t.
A lot of ire pointed towards Germany yet little focus on the disastrous economic problems that underlie the euro zone and the insolvent countries. How about we talk about the financials instead of the history of Germany? If you want to look at history, you need only go back two or so decades to the creation of the Euro to figure this out.
the_italian_guy is correct, this piece is propaganda in the interest of the UK. The UKs financials are in a disastrous state.
As long as Germany loans money6 to people who cannot pay, she will lose it. Unless of cause slavery or colonism (group slavery)is revived.
Greece, Italy, Spain etc. are bankrupt they have find away to export and live on cash not credit.
The EU has no bankruptcy laws so must break up when members have problems.
what would be the cost of a break up? would it be a one off rather than a permanent tax increase on the north to finance corrupt states in the south?(see for example french book called "ils ont achete la presse" highlighting the enormous state corruption in France- a far cry from the UK reality-. Italy is a failed state, civil servants issue new tax laws on Saturday night and Sunday they get paid 2x for overtime, etc etc etc…..)
Germany leaving the failed and corrupt states would be a cheaper solution for sure.
Pathetic Political Pandering
Yet another attempt by London to undermine the Euro.
Not so surprising, considering Cameron being increasing alienated in Euro affairs, and London's wish to project itself as the Knight in the shining armor.
Surprising though, is that they now recruit award-winning journalists/economists like Kaletsky for their pandering propaganda.
Everyone in the EZ sees the writing on the wall: the euro is at the beginning of its end. If you want to make a single currency, you have to tie it to a single government that can manipulate monetary policy in its own best interests. The Eurozone is a fiscal three-legged race, except the participants are all trying to go in different directions.
Angela Merkel is not responsible to the voters of Europe, she is responsible to the voters of Germany, just as Cameron, Hollande, Monti, etc are responsible to their voters.
I think the countries of Europe need to untangle themselves from this unholy game of Twister they hav been playing before it all comes crashing down.
I am German, and I am becoming sick and tired of being thrown in with the queen of dither and her hapless crew because of it.
I find it hard to believe that we are heading toward European dissolution to an extent that the recurrence of the last century's dismal adventures no longer seems categorically impossible (and you are lying to yourself if your think you can somnambulistically kick nations out, and their pensioners to the curb, without risking developments spiraling out of control significantly more than they are already).
That lends the current discussion an urgency on a wholly different scale.
I find it imperative that a path is found that focuses on keeping Europe whole, and ensuring that this doesn't slip beyond being an economic nightmare.
And since we are being led by the proven dunces (can you believe that German economic discussion is still dominated by straight-up neoliberalism ; I just can't decide if this is the new standard for intellectual laziness, or simply a zombie attack by dead econo-boffins walking) of the global meltdownlet of 2007 et seq., best keep it simple: Go to where the money is, take it, and spend it on stuff we will need soon anyway (measures to keep things ecologically sustainable once the economy does pick up again come to mind).
And in the meanwhile, start thinking like the greatest economic body on earth that we are, and centralize regulation as if we were a common market and had a common currency.
And yes, prepare for long-term subsidies from the rich parts of Europe to the poor. It has served the USA well for many a decade, with California and New York still out-earning us after all these years; it promises to be the right thing to do (quite a novelty in this crisis) while also being comfortably sustainable over time.
And since we are in the age of nobody-knows-anything-anyway (you know, in a real world sense, no reason for you university types to stop churning out them papers) – Just do it!
And boy have I had it with all that German moralizing crap argumentation – for a place whose burgeoning economy was seeded both by capital robbed from the Jews (and not paid back in full, by any measure) and then topped up substantially via the Marshall Fund (inter alia) – both recently in historical terms – this tightfistedness is not becoming.
(Ironically, German reunification is proof that we can spend a trillion (D-Marks), waste a lot of it, and still come out ahead in most respects.)
Blame seems to be the basis for so many arguments presented here in the comments, so I would like to remind everyone:
No one involved is without blame. From Greece's entry into the Euro zone to each rotten loan in Spain – everything went through layers (and often layers and layers) of evaluation and CYA. Not a single (German, French, Dutch …) bank or entity was forced to agree to anything against their will or their rules.
Systems were in place. As ever waiting to be played by Goldman Sachs. Surprised? Oh, please.
That lazy or dumb German (and to a lesser extent French, Dutch …) bankers and politicians became victims of their own wishful thinking isn't exactly a first (Why was "Stupid German Money" a standard term both on pre-crash Wall Street, and in the American film-funding industry?).
Plus, if you are so invested in blame, keep it clean: The division between Germans and Greeks/others is a comfortable lie. Both Greece and Germany (and everywhere else for that matter) are chock full with people who had and have nothing to do with creating this crisis whatsoever, being too busy to make ends meet (occasionally grinding their teeth when their taxes are spent on inept bankers – and yes, especially salaried Greek workers); quite in contrast to each society's upper echelons, happy to make out like bandits (and Swabian car designers) while things lasted.
Might it be time to give them their say? At least they can teach us a thing or to two about efficient frugality.
Anyway, let Friedman and Roubini arm wrestle for an opt out, and make the other guy the boss. On with it!
Everyone finds it easy to spend German money and commit Germany to keep propping up the weaker countries in future. As a citizen of one of the weaker countries I think Merkel is right. We need to get our spending in line with what we earn and austerity is the only way that is going to happen. We have had a great time as a country using the Euro credit card and enjoying what we can't afford. Now it's time to pay off the debts and get back to reality.
Everyone finds it easy to spend German money and commit Germany to keep propping up the weaker countries in future. As a citizen of one of the weaker countries I think Merkel is right. We need to get our spending in line with what we earn and austerity is the only way that is going to happen. We have had a great time as a country using the Euro credit card and enjoying what we can't afford. Now it's time to pay off the debts and get back to reality.
"with a much weaker currency and higher inflation, both of which would make debts easier to resolve."
I agree. And the results of that 'resolve' process will wipe out their middle-class, drive their poor to the brink, and teach their wealthy to actively resist socialism instead of trying to buy it off.
The Germans learned frugality the hard way, and they will come out of this, however it goes, bruised but intact. They would be idiots to listen to fools like Kaletsky.
What a rubbish piece of journalism and research, let me simplify things for you Mr Analotsky, may I use your credit card indefinitely and you're at fault for not letting me use it as I have been for the last decade. If you call the police I will drachmail you!!!
Thank you so much!
I had been recently arguing that the idea of a "US of Europe" is an absolutely insane idea that totally ignores European history.
You made my point very "eloquently".
It's too bad Reuters doesn't permit sound to be transmitted with its articles, because I could distinctly hear the refrains of "Deutschland über alles" being played in the background.
Anatole,you are a waste man… poorly researched article, unnecessary referral to the world war. seriously, who let u write on reuters ?
@trevorth – So your position is that Germany should rule all of Europe? What exactly is your position here? Can you articulate it?
may I use your credit card indefinitely and you're at fault for not letting me use it as I have been for the last decade.
Exactly, SpecialKLondon.
No-one has an answer for the mess in Europe. The commonest refrain is a version of: Just print more money.
Some people believe that's how the mess was created.
Actually, I'm looking for the Prophet/Guru who can see a way to live without (exponential) Growth, this being an impossibility yet is assumed to be the Ideal.
"Can the rest of right wing fascist Europe stand up to right wing fascist Germany"? It's like WWII. "Will Fascist Italy Spain and Germany fight one another or will they be best buddies in the anti-'commie' cause"? 9 out of 10 say the later now as then until the world economy really drops off the cliff after the Prophesy of 12-21-2012 kicks off with full force. 😉
I'm surprised to see someone actually putting these ideas in writing on the internet. About time. Thanks for the article.
Why would the other countries possibly stand up to Germany at this point? Germany is the only dude in that apartment with a job. Southern Europe naps too much.
It is laughable that failing to convince Germany to bail out Club Med yet again is considered a "threat". The fact that the EU is heading for disaster only reinforces Germany's reasonable refusal to go over the cliff with the rest. They can always bail out and throw their lot in with the faster-growing Asian economies. The rest of them can trade with each other for corn and beans.
Mr. Kaletsky is apparently still stuck with the last century thinking … 1914, come on, are you serious? … what a baseless and pointless anachronistic anti-German tirade … I guess the writer feels he had to kick the U.K.'s favorite punching bag to kick off his new assignment at Reuters with a splash … ah well, Europe AND Germany are much better than Kaletsky's cat and mouse scenarios anyway …
not this time
M.Kaletsky of course is not very much interested in the correspondance between Voltaire and Frederic II. He can't imagine a power not turning in a dictatorship and remains obsessed by the Hitler case.
Mr Kaletsky's article brings to mind the oft told anecdotes of how well meaning good samaritans in the US of A are sued for damages by the very people who they attempt to assist. Are you suggesting that we shoot the rescuer not the perpetrator?
Frankly Mr Kaletsky I read the article with interest at the start and ended astonished. You have the wherewithal to write much better than this disguised invective. Perhaps as a responsible (albeit unelected) and be-medaled journalist you could write about how Greece cooked the books with the active aid and assistance of Goldman Sachs.
A simple question for you Mr Kaletsky – what should the EU do to/about/with (take your pick) Goldman Sachs?
Or is, in your opinion, the abetment of a "crime" not criminal at all?
Awaiting in anticipation …
I read mr. Kaletsky's article with a mixed sense of relief and dread. Relief because at least some people are willing to overlook numbers and sterile logic to think outside the box and offer a view of the euro mess that some are either too timid or too "politically correct" to express. If his opinion reflects his political agenda is not the problem here. The euro experiment was indeed flawed from the beginning. But to believe that Greece's and Spain's financial woes were somehow unknown to the Germans in 2001 is to put it mildly naive. Which means that they were very well aware of the fiscal troubles that would ensue. Maybe Germany hoped it would even out in the end, or maybe the benefits outweighed the risks. And it doesn't take an economist to realize the benefits of a common currency for an industrial economy. So the "holier than thou" Germans should at least consider that they're partly responsible for the result.
The dread came from something that I hoped I would never consider in my youthful optimism. And that is that history repeats itself. Names and conditions might change, but people in general do not. No, it's not a fourth Reich, like some Greeks like to call it, but one would be at least blind to overlook historical recurrencies and not pose the uneasy question: "what does Germany want if not a Europe of little Germans?". Big ideas don't necessarily have to be born out of malice. And that's what the author of this article suggests.
Don't forget, when Germany ruins out of money, the U.S. will have to bail them.
Don't these Germans understand that the One World Socialist E-Utopia is here? They knew they would have to starve the Americans for a few months before they got on board….but the Germans? Merkle will have to be replaced with a more sympathetic and "reasonable" player.
The real threat to the Euro is the Euro itself. The funny thing about socialism is eventually you run out of other people's money.
The more important question is; can/will Germany stand up to the rest of Europe?
Germany should turn off the money tap NOW. Why should Germany fund the freeloaders of Europe?
Grow a backbone Germany and tell the EU, especially France, to cut spending or go it alone.
Censorship is evil.
Aha…..the inevitable argument for Lowered Standards. Unless Merkel and her team have totally lost the plot, I would hope that they are working feverishly to ditch the Euro and by so doing leave Greece, Italy, Spain, France and the United Kingdom to clean up their own mess.
When the German people opposed the Euro way back when, they were right
Well written article, unlike some of the comments which show a complete lack of knowledge and understanding of economics and the situation in European economies.
Good piece! I believe you are correct; markets will force the Latin bloc to confront Germany on the fomation of a banking union and ECB bond purchases.
However, will Germany retreat to middle ground and propose the notion of a redemption fund? This is rumored to be on the Summit agenda.
The European redemption fund would exchange all EMU member debt beyond 60% of an individual member's GDP, the Maastricht limit, and for debt of a much longer term, 25 years. Countries participating would be responsible for their pro-rata share of the new debt, and would pledge tax revenues to service this. The fund would sell bonds to fund the exchange.
The redemption fund, essentially, re-finances a significant portion of EMU member debt. Debt mutualization is avoided. Asset values on shakey bank balance sheets rise, while pressure on individual budgets drops as a result of lower debt carrying costs.
This is a stall. It buys time to work out the details of various options, (1.) the creation of an effective banking oversight authority, (2.) pursuit of fiscal union, or (3.) Germany's withdrawal, if that's what eventuates.
"And yes, prepare for long-term subsidies from the rich parts of Europe to the poor. It has served the USA well for many a decade, with California and New York still out-earning us after all these years; it promises to be the right thing to do (quite a novelty in this crisis) while also being comfortably sustainable over time."
Speaking as a Californian…. The state is broke (15B deficit next fiscal year) and a governor that only solution is higher taxes. Oh yeah, about that, the people that have to pay those higher taxes are leaving the state to eat it's own vomit. Bottom line, not so sustainable while you are at least still pretending to be a democracy.
Appreciate the heads up bill but rather see Germany out of the Union, they have mucked things up for too long now.
Well, it is funny when people scoot over the fundamentals, why is Southern Europe/US/UK suddenly so uncompetitive. Were developed economies well-prepared for the consequnces of globalization and technology integration. Outsourcing of manufacturing/services to developing economies has started to take it's toll on Europe/US. Look at the size of labour pools in China/India, look at their cost competitiveness.
A services job in Bangalore costs at-least four times less compared to a seat in London. Can anyone stop the Capitalists from capitalizing on such lucrative cost-benefits. Sooner or later Germans will face the pain too. This decade is the great moderating decade characterised by gradual decline in wealth levels of developed countries and increasing living standards in developing ones, till the twain meet mid-way sometime around 2018. What we have seen is just the beginning as it is gogin to be extremely tough for any developed nation to maintain cost-competitiveness. While greedy Capitalists go on to destroy the very nations that helped them become great.
Beware Germans, even the likes of Mercedes have begun outsourcing their R&D to India/China. Germany has been the last one but it will fall soon too.
If we could get everyone in Germany to read this bit of bigoted agitprop – they would dump all of the Euro beggars next week and go back to the Deutschmark.
If Mr Schaeble and Ms Merkel are Nazis, then Mr Kaletsky is a Red, and a Churchillian one at that.
I'm sure 3/4ts of German voters will support the return to Deutsche mark. Maybe, that's why Mrs. Merkel insists on her policy? Either the rest of the Eurozone will follow, or Germany(and maybe Finland, Austria etc) will form their own separate "Euro", mark whatever. The dutch will follow and reincarnate the gulden. The rest, who will be left with Euro – will be bankrupt in 2 days. German, Dutch, Finish and Austrian savers and retirees will exchange their euro savings to new currencies, which would probably appreciate slightly. And the Latin block will have euro depreciated, their savers and retirees will be more and more poor with each step of QE-a-la-France.
This way Germany with it's strong and robust economy, will be able(and probably will have to) emit enough new Deutsche marks to stimulate it's own economy and depreciate the new currency just a bid, to, say, original euro parity with dollar. Two bunnies are killed with only one shot. Well, actually three – Germany will sober from her europe-dreams and follow UK, Switzerland and Japan into ordinary prosperity.
Good plan Mr.Kaletsky! Thanks!
To Parker1227 – very well said. It's a typical Agitprop indeed.
Dear Mr. Kaletsky, do you always publish such overpatriotic warmongering rubbish? We are FAR FROM the 2 world wars. Germany is not starting a war! Germany saved well and is now trying to save the rest of Europes behind. And all you can publish is your patriotic war rethoric "Can the rest of Europe stand up to Germany?" The point is not to "stand up to Germany", the point is that Germany wants to stand with the poorer nations and help them BECAUSE WE CAN. That gives us the responsibility to face up to doing it and helping them. God knows how many Billions we already gave to greece and Spain. Your comparisons are completely unacceptable in a modern Europe and if anything they stir hatred, mistrust and non cooperation. But if you prefer to go on a confrontational course by default, then I suggest you start first by reevaluating your objectivity.Your article is a masterpiece of subjective, predjudiced, editorial rubbish. Is that how you invest your spare energy in your spare time? Shame on you! Why not do something constructive instead? Give some of YOUR money to the greeks!
If the poorer nations are in the dumps because they dont know how to manage their finances, they should be grateful that someone who does know how shows them. We germans are happy to help, but we will not throw all of our money into a black hole forever. Eventually the nations that dont know how to save WILL HAVETO LEARN IT and if they dont, they will not be supported forever, because also "rich germany" does NOT have unlimited funds. So QUIT WHINING AND GET TO IT TAKING THE LAST CHANCE YOU HAVE, while someone else is still willing to pay for YOUR mistakes.
Everything the author lists as being vetoed by Germany has occurred, therefore either Germany are powerless, and not a threat or they're accommodative and supportive, the very opposite of a threat, either way, if you must be anti germanic be more inventive or more accurate.
I would like to see Mr Kaletsky advising his rich clients to invest billions in the new southern euro zone, without guarantees from the northern Europeans.
It is not only Germany that feels that the rest of the world is insane borrowing ever more. The conservative half of US feels the same although it does not stop them to blame Merkel for their troubles. Where is the guarantee that growth packages will work? What will they do? Build more apartments in Spain or plant more olive trees in Greece? They will help bankers and other speculators, that's for sure. And German and Slovak taxpayers are supposed to guarantee this. You are on dope!
There must be fiscal austerity first. But that does not mean that the poor have to take the brunt of it. There is enough money in every one of those countries to get them out of trouble. It is just that the elites don't want to give any back.
After the austerity there must be a calm talk about fixing the imbalances. Somebody will have to be told (or given incentives) to build factories in Greece, etc.
But this will will have to be done across the world economy, not just Europe. China will have to come to the party.
The comments above say it all really. The author of this article must have downed a couple of bottles before he hit the word processor on this one.
The greatest threat to Europe is quite obviously the USA. 1) If the Republicans get in and cut state spending, we'll all enter a great depression we might never recover from. 2) Fomenting conflict in Syria, funding Islamic terrorists, and fanning the flames with Turkey right on the border of Europe, is not helpful to say the least.
It seems, that Mr. Kaletsky have an emotional problem with Germany which may twist his point of view a little. What is the reason that anglo-american "speculators" know so exact what is right or wrong for Europe? It is simple fear on their own investments. Since the German economy is still based on productive growth not on financial growth, the growth is real growth. In terms of financial markets view points it's a "under performing" growth.
To create the Euro was a stupid act of politicians to do the third or fourth step before the first. Since it became reality everybody have to deal with it. If you look to the history before the launch of the Euro currency you might see, that 6 to 8 % yield on southern European countries was normal in their old currencies. Even in the historical best economical situation of Spain and Greece in the past the unemployment rate was never under 12 % because of their internal employment system and the acting of the (most socialistic) unions which promotes people in job and pay against jobless people. Especially youth unemployment was also in best years of economical history in this countries barely under 20 %. Having the Euro this countries invest in infrastructure partly monumental projects, without putting to focus of the necessity of those projects. An unhealthy melting pot of construction industry. financial industry and politics tried to imitate the american subprime system in a Spanish way. With the Euro they had first time access to very low yields and they made excessively use of it. The yields in their old own currency hold them off from those debt financed investments.
With Euro in hands and low yields first time in their history, they over invested in Spain. Greece manipulated their qualifying figures to be qualified for the Euro entry. And, after they have been in they used the Euro as a self servicing institution. 14 months pays, sometimes even more. The economy was strictly regulated. i.e. for a taxi or a trucker license you had to pay several hundred thousand Euros to get permission and so on. Italy, a very well structured country with a good economy and production lost 10 years, because its leader Berlusconi did only few to secure the future of Italy. He withstood 51 attempts by the parliament to be send out of office. Beside he tried heavily to influence the independence of the media, the court and celebrate his legendary Bunga-Bunga-Parties with underaged young girls. A lost decade for Italy. Just in that time China emerged as manufacture in competition to Italian industry.
Ireland and Portugal are less problematic. Ireland will manage the crisis first, because of their straight austerity program a banking problem might remain.
Germany, after solving the productivity problems by lower wage increases than productivity increase and inflation over years!! opened simultaneously its labour market and softened substantially the strict labour law, reformed the pension and health system with deregulated law changes to the disadvantage for the employees, retired and thick people. At the same time easing law for entities and wealthy people.
The result of all this was a growing economy with a strong export orientation. The Euro helped Germany to be competitive in the world market and inside the Eurozone and the European union. In the financial crisis 2008 Germany launched a stimulus program for the car industry giving 2500 € subsidy to consumers who exchange old polluting cars against clean modern cars, if they dump the old car and not sell it. That helped the German car makers to survive in the crisis. Second Germany supported companies not firing people but holding them in place under certain conditions. That helped German economy to overcome the crisis quicker than other counties.
Now, you blame Germany not helping or doing enough to overcome the crisis. Yes, Germany will do, but before that the southern European countries must do the reforms that make a help successful. Helping now, without structural changes, just burn money, not more. Beside, everybody is free to help Greece and Spain.
But financial markets don't do it for the same reasons Germany request changes.
What, if Eurozone overcome the crisis and trust will be restored? Than, immediately USA and UK debt come on the table. 16 Trillion on debt in USA might ask then to go a kind of austerity path to reduce the debt. This might be only possible to go back to manufacturing and real growth out of produced values not only through growth generated on papers.
Scrap the Euro! Then it's each to our own with less cost.
Is that a joke? Drowning debtors will teach the people on the boat what to do? Without Germany all those guys will go bankrupt in a couple of days. And if Americans love the Southern European countries so much, please, save them! Issue common bonds with Italy, Greece and Spain! Good luck with that!
As sensible as Mr. Kaletsky considerations are, they lead to the wrong conclusion.
More Europe, that is full integration, will not do. It is sufficient to scroll the comments to his article.
Just hint to funds transfer from Germany to the perifery (which is what a fully-fledged union would entail) and you'll have the "Nazi" take over the Reichstag the next day…
The only (move to)a solution to the prest woes is the demise of the Euro, which will inevitably come about.
Then we will see how the Teutons will manage selling their stuff to the Chinese…
It is a shame to read this kind of analysis from an INET Board Chairman, since it does not add any value at all in times of turmoil. A disgusting piece of rubbish, obviously driven by a mixture of envy and anti-germanic thought patterns. Mr. Kaletsky has, firstly, forgotten who triggered the whole financial crisis, the greed-driven communities of Wall Street and London City. Secondly, in times of crisis, someone has to lead and I would always prefer an approach, that embraces austerity measures as proposed by Germany, the Netherlands and the Nordic countries, in comparison to a southern lifestyle sustained by credit. As a German let me advise you: nobody in Germany is navigating towards a "German Europe"; as a British economist Mr. Kaletsky might still think in terms of the usual german-bashing if something has gone wrong, but if this is the only analysis he can offer, it is old-fashioned and steems from the well known but annoying phobia generated by an inferiority complex and envy. Wake up, Mr. Kaletsky, and do not bother us with your analysis any more, it is a heap of crap. It is sickening to digest outdated thought patterns. Stop research, you will not learn anything new, and go play golf.
There is a strong sense of Europe and being european deep within France… Even Lepen's party had become less vocal against the European project because french people regard the European project as sacred. But wether Gaullists or Socialists, french see Europe as a Franco-German driven car. The goal of Europe for most french people is to avoid destructive competition between these two countries, and harness energy to put it in a mutually benifiting project… The associaion of "Club Med" is essential to most french citizen, that is why they have been supportive of bail out plan… Do not forget that France also pays of Greek bailout, not only Germany… But the association of Germany is central… To us I must say a Europe without Germany has just no sense… The exit of Germany defies the purpose of Europe in the first place… Does Germany want to play the regional superpower house again, like some start to question in France? That is for the future to tell… But the division of Europe between north and south could not bode well of the future of Europe, hence the world…
India China are watching this Euro crisis with much amusement. Yesterday's Lords are today's loan- beggars. Germany is exception out of them-kudos to them. They are themselves ever hard working rational people, with not much lord- like tendencies. Incredible that they paid back billions of $ as war ransom and are still ahead of even those to whom they paid it. They are more patriotic than capitalist hence will survive all onslaughts of BPO. Their only problem is they are still made to feel guilty of the crimes their ancestors committed and hence willingly or unwillingly still have to serve slavish gestures to the most powerful US(and it's turnkey Israel). This wont be needed if they advance militarily. The world dictum is military Might is always Right. This time WW3 won't start from Germany, rest assured, it will start from Greater Israel.
So – you don't mention the deficits being run-up by these governments and their socialist programs. I assume your solution is to devalue the new euro currency every 10-15 years. I'm sure bond holders won't be wise to that ruse.
At this moment the "risky" Greece, Spain, Portugal and Italy are paying a regulatory subsidy to "safe" Germany.
The largest threat to Europe are the outright stupid financial nanny regulators who, by means of capital requirements for banks based on official ex ante perceived risk, first gave the banks excessive incentives to lend excessively to many sovereigns, and that, after the damage had been done, are causing the banks to retreat even faster from those messed up sovereigns. It was they who did Europe in! http://bit.ly/t3mQe0
Mr. Kaletesky,
This sort of 'Aryan NOT mentality hearkens to the old premise that dying economies(like the GBP) can subvert a new economy*consider that Germany's economy, rebuilt, like Japan's is less than 70 years new, compared to GB in the 200 year plus range, and US(where I am from) approaching 145 years). This is like complaining about new technology, and grasping firmly on a lead pencil.
I submit that the hierarchy of needs(Pavlovian is it not) has no room for retrenchment, and historical which sounds a log like hysterical biases against ancient ills. Time to wake up and realize that a nation, culture, society, can not drive into the future, by focusing on the rear view mirrors(the past history) when the wind screen squarely faces the future.
Or like Einstein you can get a bicycle and ponder if the speed of light ride has an image that even appears in the mirror.
Patrick D
Chief Encouragement Officer
The Germans would have to do some major manipulation of the DM which would sky rocket in value if Germany were to leave the Eurozone. Its currently over hyped, over priced and definitely over rated products would go much higher in price and cause a major recession in Germany from a collapse in sales. So Germany is benefiting greatly from its neighbors' fiscal problems that keeps the Euro at a low and does not wish to see any change in the current status..
"Nobody should be surprised that Germany is the greatest threat to Europe"
This pseudo Communist is out of his mind. The threat has been and is the States that SPENT beyond their means. That's the threat.
It's like saying those who pay their mortgages are a threat to the Real Estate market and NOT THE ONES WHO QUIT PAYING – idiot.
[…] […]
As usual, we get nothing but the standard Europhile 'more Europe' and 'more Euro' and 'more integration'.
And as usual, this author puts on display his ignorance of the real issue: the Euro IS the problem. The Euro IS the crisis. More integration will only make it worse.
Let's have some referendums, because I am willing to bet that here in the Netherlands most do not want to give money to Greece, Spain, Italy (or rather: the banks who lent those countries money). We want our own currency back and we'd be better off for it.
Spending and borrowing is the problem. If Italy cannot afford to borrow, it should not borrow. It really is that simple. Stop borrowing!
And no, we the taxpayers do not want to be on the hook for rich banker's debt, and to guarantee investors investments. We want the Euro gone. The Euro is the problem, and the solution is getting rid of it.
I hope us, Germany and even non-Euro Britain all leave the undemocratic EuroSoviet Union. Maybe Club Med can get France to cover the loss of those net contributions /sarcasm.
Well, I'm dissappointed to read in a Reuters post of Mr. Kaletsky a text that puts WWI, WWII and the economic policy of Chancellor Merkel in a row – as if these three politics were similar or only comparably in intentions and means.
One may disagree in the subject of how to mend the economic crisis of Europe, the Euro in general and the mediterranean economies.
But should a country like Britain or the US put that in a context of "oh, these Germans try to conquer Europe again, this time by economic hegemony…" insinuating, of course, that Britain or the U.S. once again have to stand tall to save the world…
Especially Britisch politicians and economic blog-writers should remember how often it was -and is- Britain, that stood alone with their views and requesting special treament and policies – purely in their national interest with no respect and consideration whatsoever to the benefit the Europa as a whole.
And when it comes to economic policies and "sacrifices" the German economy surely can claim that huge amounts of money, taken from the German taxpayer, has been and will be going abroad. Yes, the German economy & national budget benefits quite strongly from the low interest rates and the higher level of attraction for German bonds compared to others.
I'm not too much a fan of Angela Merkel, I would prefer some other ways to solve the crisis. But: Will there be a British protest, if Chancellor Merkel travels to some European meeting of top leaders and – fed up with the permanent request, that Germany should guarantee for other nations loans – shouts: I want my money back?
Let's not forget: A few of the problem banks that brought us into this mess resided on the British Isles and they screwd up, because the banking laws where flawed and the institutions responsible for controlling had much to close connections to the pulprits….


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Over the years, Claremont-Mudd-Scripps Athletics has won 37 Southern California Intercollegiate Athletic Conference (SCIAC) All-Sports Trophies and has been ranked in the upper echelon of Division III programs in the annual Directors' Cup Standings. Even with CMS' continued success during its history, the 2013-14 school year proved to be a record year for the Stags and Athenas as CMS had its best overall year in conference play and tied its highest mark ever in the Division III Learfield Sports Directors' Cup standings, with a 13th place finish in the final 2013-14 rankings.
The final Directors' Cup standings were released on June 4 and CMS finished in a tie for 13th place with 647 points. After the winter season, CMS sat in 19th place, but then moved up six spots based on the success of its spring teams. CMS earned points in 2013-14 with 12 teams making appearances in their respective NCAA Championships. Women's cross country (14th – 61.5 pts), men's cross country (19th – 55 pts.), women's soccer (33rd – 25 pts.) and volleyball (17th – 50 pts.) represented CMS' fall sports. Women's basketball (33rd – 25 pts.), men's swimming & diving (7th - 72 pts.) and women's swimming & diving (13th - 63 pts.) represented CMS' winter teams, while men's golf (20th – 54 pts.), softball (9th – 64 pts.), women's tennis (5th – 73 pts.), men's tennis (2nd – 90 pts.) and women's track & field (56th – 14.5 pts.) were the spring teams to participate in the NCAA Championships.
The tie for 13th place for CMS was the highest ranking among West Region and SCIAC schools. The Directors' Cup competition is now in its 19th year. The competition awards points based on a team's finish at the NCAA Championships. CMS has been the top finishing SCIAC representative now in 14 of the Directors' Cup first 19 years and also finished in the top-60 overall 17 times. The 2013-14 school year was the 11th top-30 finish for the program and second finish inside the top-15.
In addition, CMS had a record year at the conference level. CMS teams won a record 12 combined SCIAC titles to bring home the SCIAC All-Sports Trophy and 18 of the program's 21 teams finished in the top-3 in the SCIAC. This is the 10th time CMS has had nine or more conference championship teams in a school year. No other SCIAC school has had more than eight SCIAC championship teams in one academic year.
The Stags won seven SCIAC titles in 2013-14 which marks the third time CMS has won seven or more (record is 8). No other SCIAC school has had its men's teams win more than six conference championships in one academic year.
The Athenas won five SCIAC titles. This is the seventh time CMS has won five or more (record is 6). No other SCIAC school has had its women's teams win more than five conference championships in one academic year.
The Class of 2014 won a combined 40 SCIAC titles. This is the 13th time a CMS senior class has won 30 or more conference championships.

subset: commoncrawl


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CTeen Jr
Quick Links
CTeen Jr April/May Cteen March 2019 Chabad Hebrew School 2018-19 Purim Israeli Style 2019 CTeen Jr Chanukah Concert with wounded soldier CTeen Photos CHS End of Year Ceremony Shark Tank Israel Chabad Hebrew School - March 14 Chanukah Party With the IDF Heroes Tefillin Wrap Schmooze Club Chabad Hebrew School - Oct 25 Chabad Hebrew School - Oct 18 Rising! Pre Rosh Hashana Challah Baking Workshop Awesome First Day at Hebrew School! 10 Year Gala Dinner Hebrew School Graduation Cteen - An Evening Of Holocaust Remembrance
The Larchmont Gazette - The Dreidel House The Journal News - Chanukah The Larchmont Gazette - 9/11 Tribute The Larchmont Gazette - TFC Recognized The Larchmont Gazette - Larchmont Rabbi Serves US Troops in Afghanistan The Larchmont Gazette - Teens Prepare Sushi For the Homeless The Larchmont Gazette - Dreidel House Sails into Boater's World The Patch - O'Keeffe, Fire and Police Praised at Town Meeting


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"I have a brown thumb" is a claim I hear on a regular basis, but one which I always dispute. There are no brown thumbs, only bad soil or plants living (and dying) where they should not be. Of course, any plant can die of thirst when first planted, and poor soils can keep them from thriving. But some plants are tougher than others, so this week I shall suggest eight plants that you can use in your garden with a very high probability that they will do well for you. Even very well. Even if you have a brown thumb. Just put them in good soil in the right amount of sun.
Daylilies (Hemerocallis spp.) are fool proof. I once left a clump of daylilies on the lawn in a relatively shady place. I had dug them up and fully intended to put them in the compost pile, but didn't get around it right away. Before I knew it, they had rooted in – and were blooming!
Daylilies prefer full sun and good soil, but they're not fussy. The old orange ones spread by root, as do the double orange ones. Most others just develop into bigger clumps every year. Daylilies produce flower stalks called scapes, and each scape will produce 3 to 9 buds; these buds bloom sequentially, each for just about a day – hence the name. Most daylilies come in shades of yellow, but dark reds and some pinky ones exist, too. A few re-bloom off and on all summer.
Evening primroses or sundrops (Oenothera missouriensis) are blooming for me right now, but they are not really primroses at all. The flowers are bright yellow cups on 18 to 30-inch stems that flower – and spread – cheerfully. They spread by root and by seed, and might be thought to be thugs, except they pull easily and are pleasant. They will bloom in full sun to part shade, and are not fussy about their soil.
Peonies (Paeonia spp.) These beauties are mostly done for the season, though a few late bloomers might still be blooming. They love full sun and rich soil, but will still bloom in part shade and even in dry, sandy soils. Their roots are big, fleshy tubers that go deep down into the soil, so I recommend digging a much bigger and deeper hole for a peony than for other plants. Enrich the soil with composted cow manure, rotted leaf mulch or other organic products, especially some organic fertilizer.
Peonies grow from buds or "eyes" that develop each year beneath the soil surface. If you plant a peony too deeply and cover up the eyes with more than an inch of soil, the plant will not bloom after the first year. Other than that? Success is guaranteed. I have a peony that my grandmother Lenat planted – and she died around 1953. My mother grew it, now I have it. I shall leave it to one of my grandchildren. Peonies are forever.
Pink Mallow (Malva alcea). Some fancy gardeners turn their noses up at pink mallow, but I love it. It grows 3-5 feet tall and produces a bounty of pink blossoms that vaguely resemble single roses -- but up to 3 inches in diameter. It has a deep tap root so it does not move easily, but seed-grown "volunteers" show up around my garden. Full sun to part shade. It is a short-lived perennial, but has plenty of "babies" so you will always have some.
Black-eyed Susans (Rudbekia spp.) There are dozens of species of this joyful summer flower. I grow a variety called 'Prairie Sun' in my hot, dry front walkway, and it blooms all summer – but, truth-be-told, often dies in winter. No matter, I'll buy it again and again. One of my favorites is a fall-season bloomer with delicate flowers, Rudbekia subtomentosa 'Henry Eilers'.
Hostas (Hosta spp.). These are primarily shade plants grown for their lovely leaves. If there is too much sun on them, the leaves will scorch and turn yellow. A few kinds will bloom with tall flower spikes, but others have blossoms that are not of much interest. Hostas do best with rich soil, but will grow in almost any soil. I have hostas from under 2 inches tall to more than 30 inches tall, and a variety of greens, some with blue or yellow tinges.
Astillbes (Astillbe spp.). These are primarily sold as shade plants, but I grow them in both full sun and partial shade. The key is this: the more sun there is, the more moisture is needed. They bloom in great plumes of tiny florets in pink, white and dark red. They appreciate rich, organic soil, so improve the soil before planting.
Bee Balm (Monarda didyma). Bee Balm displays nice clumps of red or pinkish tubular flowers that are arranged in whorls atop 3-4 foot stems. In the mint family, they are fragrant and clumps spread by root – sometimes too vigorously. But extra plants are easily pulled. Grow them in morning sun in ordinary garden soil. All day sun in dry, sandy locations will not lead to happy plants.
You don't have to be born a gardener. Just follow the directions on the plant tags – or my articles – and be sure to add compost to the soil before planting in a nice, big hole. You'll soon have a green thumb.
Henry Homeyer can be reached at P.O. Box 364, Cornish Flat, NH 03746 or email@example.com. His Web site is www.Gardening-guy.com.


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Guess what? I never did a lesson on a tribal pattern for one of tattoo industries most popular fish that also happens to be one incredibly requested tribal animal. So here it is a lesson on "how to draw a tribal fish", or tribal koi. The design ended up surprisingly good. I had no idea that this drawing was going to come so good. I really surprised myself because I didn't think I was going to be able to draw a tribal version of a koi fish. I mean think about it, koi fish can be hard to draw and will often leave you stumped because thinking of an awesome design concept for this particular fish is not easy. You have to make sure that the design comes out realistic, as well as easy to replicate. I was going to make a colored background, but I decided that a simple light blue tone would be best to keep the image clear and viewable. If there is something you would like to change with your fish, feel free to go ahead and tweak it up. All I know is that I am pleased with the results and I hope you guys are too. Please rate, comment, and fav if you like or hate either way. Thanks guys and have fun!
DragoArt members upload artwork and drawing tutorials! They are also allowed to leave comments on tutorials, profiles, etc. Many more features, as well; it's way better than just being a boring guest! Register Now!


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Hello all!
Posted on Jun 21, 2016 5:09:07 PM by Admin in 2016, in Bethesda, in Blogs, in Crash bandicoot remastered, in elder scrolls series, in Microsoft, in Naughty Dog, in Nintendo, in Activision, in breath of the wilds, in Crash Bandicoot, in Days gone, in E3, in E3 2016, in elder scrolls, in elder scrolls 6, in elder scrolls VI, in god of war, in god of war 5, in horizon, in Horzon Zero Dawn, in remastered, in Santa Monica Studios, in skyrim, in skyrim remastered, in Sony, in the legend of zelda, in visual, in zelda, in Zelda Breath of the wilds
The University of Advancing Technology is the technophile's college experience—a community uniquely suited to provide students passionate about technology an ideal place to live and grow. UAT is a private and family-owned University that merges the values of the traditional academy with the modern technology campus, a fusion that enhances our ability to fulfill the mission of educating students in the fields of advancing technology who innovate for our future.


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knock (someone) down a notch (or two)(redirected from knocking them down a notch or two)
knock (someone) down a notch (or two)
To reduce or damage someone's ego or pride; to humble or humiliate someone. I'm really glad that pompous oaf lost his court case—maybe that will knock him down a notch or two. It's about time that someone knocked Sarah down a notch. Her snotty arrogance is intolerable!


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The G1F touch technology, which is composed of a glass-type touch sensor and a thin-film touch sensor, is gradually losing its competitiveness in the face of GFF and OGS touch.
Prices for the traditional GFF, which is composed of a dual layer of ITO film sensors,have been falling fast, while OGS has seen improved yield rate and ruggedness.
Currently, major G1F touch panel suppliers, Taiwan-based Youngfast and Korea-based Melfas, are turning their focuses to metal-mesh thin-film-type touch panel and single-layer-multi-points thin-film-type touch panel production, respectively, and Digitimes Research believes the new technologies will offer the two suppliers new business opportunities.
Youngfast's glass-type touch sensor production capacity, which was originally established to help the maker own a complete supply chain for G1F touch panel production, is able to supply about 150,000 tablet-use touch panels per month currently. With the G1F technology losing out in the market, Youngfast is expected to continue strengthening its GFF touch panel production, focus on mass producing OGS touch panels using its existing glass-type touch panel capacity, and cooperate with Japan-based Fujifilm to start metal-mesh thin-film-type touch panel production.
In the future, Youngfast's OGS and metal-mesh product lines are expected to replace G1F ones in the maker's offerings for the mid-range to high-end tablet segments.
Although Youngfast's OGS touch panels have not yet received any orders for Microsoft's new tablet, China-based Lenovo's branch in Japan has adopted the maker's metal-mesh touch panels for its high-end Thinkpad Tablet series. Because of the series' high-end configuration, Youngfast is only supplying 40,000-50,000 touch panels each month currently.
As for Melfas, the company used to manufacture touchscreen ICs and following its entry into G1F touch panel production in 2013, the maker has seen staggering growth in revenues. However, due to poor yield rates, the company did not achieve profitable operation until the third quarter of 2013.
As its main client Samsung stopped adopting G1F touch panels for its products, Melfas, using its touchscreen IC manufacturing experience, entered single-layer multi-points thin-film-type touch panel production in March 2014 and is targeting mainly Samsung's entry-level/mid-range smartphone supply chain.
Despite fierce price competitions from China-based makers such as Toptouch, Melfas continues to enjoy a good share of shipments thanks to Samsung's policy of protecting local component suppliers.
Content from this article was part of a complete Digitimes Research Chinese-language report that has not yet been translated into English. If you are interested in an English version of the report or wish to receive more information about the report, click here to contact us and we will get back to you as soon as possible. Digitimes Research also provides quarterly tracking services for market sectors such as China Smartphone, China Smartphone AP, Taiwan ICT and Taiwan FPD. Click here for more information about Digitimes Research Tracking services.


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Last week on Fossil Friday, I asked you to identify a little swimming reptile. What was it? Where was it from? When was it from? So many questions! And there were so many answers! Mesosaurus? Plesiosaurus? Sloth?
Nope. It was the tiny Keichousaurus! (No, I didn't just sneeze.) Keichousaurus was the genus of an aquatic reptile. This specimen was found in China and dates back to the Triassic.
Kudos to Glenn F for getting it right! As the first winner of 2014, you win bragging rights for the year! Stay tuned for the next Fossil Friday!


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No need to come in person to pay a ticket. You can do it online here. To find
the cost of the waiverable violation(s) on your ticket, please click here. If you appeared in court and would like to pay your ticket online, please click here.
Take advantage of our convenient online case-management system to get up-to-date information on your case.
Browse our convenient online form library for the documents you'll need to initiate or complete your business with the court.
In order to effectively maintain a well organized mechanism for the initiation, pendency and resolution of matters, it is necessary to provide the practices and procedures of the court system
A handy guide to quick answers about various court-related issues.
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Information For
Corporate Education Partnerships > Northwestern Lake Forest Hospital Employees Portal > Programs
DePaul offers a range of degrees that span virtually every field. Our programs offer a blend of in-depth study and practical experience. And because we're known nationally for academic excellence, our reputation will enhance yours.
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"Politics needs a new language"
The academic and Turkish literature expert Franz Taeschner once put forward the theory that modern Turkish literature was European literature written in Turkish. But you say a writer should stay connected with the soil on which he lives. How does that fit together?
Murathan Mungan: I can't say anything about this theory of Taeschner's, because I don't know in what context he said it and exactly what he meant.
The sentence you quote is from my book "Studio Shots"*. It's a metaphor. What I meant by that was that every writer comes into an inheritance of the geography, culture and history of the place in which he lives. That is not to say that he will only be understood by the society of this place, but rather that he should direct his words to the whole world from this soil. It also describes the way in which we should connect with people in other parts of the world.
In my book "The novel of the poet", I give another example involving soil. We all make clay pots out of the earth, but it must be done so that you can use them all over the world – in Canada, Scandinavia, Japan. At the same time, this example expresses my understanding of art and my understanding of the relationship that a writer or a poet should build with his own personal memories and those of his society.
You are well known for your very precise and considered use of language. In relation to the Gezi movement, it is often said that the new generation in Turkey speaks a language that the people in power don't understand. What power does language have to help change social conditions?
Mungan: Language is in itself a philosophical subject, and when we talk about language, we have to distinguish between street language, everyday language, the language of discourse, your own native language and a foreign language. The language in which I write is a literary language.
Sentences that are written down also contain many sentences that are not written down. This means that they contain the echo of many sentences that are not written down. A writer should enrich his country's language. He has to find his own language, to differentiate him from everyone else. I would like to challenge the language, find new possibilities and new connotations, and write in a language that binds the reader to the book. At the same time, it's a challenge to make a literary language out of everyday language.
There has been a difference between the language of young people and that of the government for a long time. We see that all verbal arguments reach a dead end, and that politics needs a new language. In this context, one also has to consider the relationship between language and ideology, and at the same time, the younger generation has to question its knowledge of language. The relationship between language and thought is important too. It's a dialectical process: a new language brings new thoughts with it. The problem is that at the moment, we have languages that are cut off from each other, that don't understand each other.
In the assessments of the local elections that have taken place in Turkey, the main focus has been on the row between the AKP and the opposition party, the CHP, but there have been other developments too: in many provinces, there are now women mayors, the BDP/HDP has gained a lot of mayoral seats, and LGBT activists have been elected to city councils. You've always been a strong supporter of the Kurdish movement and the gay movement. What's your assessment of these developments?
Mungan: The picture really speaks for itself. In Turkey right now, we're seeing a change in the language and the ways of politics. It's interesting to see in how many provinces the BDP or the HDP have won local elections. On the other hand, I recently read in the news that somebody in Bingol declared that having a female mayor went against our customs. These are all different aspects of the same picture. It's important that we start talking about democracy again now, about new ways to find our identity and win our case. It's part of a process we're going through.
You say you don't like the word optimistic, but in general you always seem optimistic when it comes to developments in Turkey. At the same time, you once said that you can do anything in Turkey, but you're not allowed to disgrace yourself. Do you still feel as positive following the accusations of corruption against representatives of the AKP, which so far have not been followed up?
Mungan: First of all, I have to say that, as far as my own life goes, I'm no butterfly happily fluttering around. But I try not to think in terms of categories like optimistic, pessimistic, happy, unhappy, hopeful, hopeless; I try to find an objective yardstick, to see the entire picture, the whole process.
There's a quote from a French thinker, whose name I can't remember, who said: my experiences make me pessimistic; my will makes me optimistic. That's the best way to describe my attitude. We have to find new paths of resistance. And I think the greatest resistance is to do what you do best. The system can take everything from me, but my ability and my belief in what I do best will always remain.
In your book "Chador" you depict a horrific scenario of a country ruled by Islamists. A lot of people thought the AKP would gradually turn Turkey into an Islamist state. After so many years of the AKP in government, is this fear still justified?
Mungan: It wouldn't be right to reduce "Chador" to a particular party or a country. What I wanted to show was what can happen when Islam is politicised, when secular thinking is extinguished and laicism is abolished. I wrote the book between 2001 and 2003, and it carries traces of what I was reading on the topic at that time, as well as daily life in Iran, Afghanistan or Saudi Arabia. It's a fictitious story that I came up with to explore this question. But if you just think about what could potentially happen in Syria right now, it's very frightening.
My book is about being seen and not seen. When you start to veil women in a society, they are not all that's veiled. At the same time, you draw a veil over reality and that in turn brings with it a loss of reality at the perceptual level.
Interview conducted by Ceyda Nurtsch
© Qantara.de 2014
Translated from the German by Ruth Martin
* None of Mungan's works have as yet been translated into English. These titles are not, therefore, the titles of published, official translations of his works – ed.


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Find Our Latest Video Reviews on YouTube!
If you want to stay on top of all of our video reviews of the latest tech, be sure to check out and subscribe to the Gear Live YouTube channel, hosted by Andru Edwards! It's free!
Wednesday September 12, 2012 1:35 pm
iPod touch picks up 4-inch display, better cameras, new colors, and Siri
Posted by Andru Edwards - Categories: Apple, Corporate News, Portable Audio / Video
After leaving the line stagnant for two years, Apple has just announced the new 5th generation iPod touch. What's changed? A whole lot. The new iPod touch picks up the same 1136 x 640 4-inch display that the iPhone 5 has. Both cameras see upgrades as well, with the rear camera being bumped up to 5-megapixels with LED flash, and the front camera now supporting FaceTime HD at 720p. Bluetooth 4.0, AirPlay mirroring, and 802.11a/b/g/n support are included as well. The 5th generation iPod touch is also the thinnest, coming in at an incredible 6.1mm thin, and weighing in at 8 grams, and sees a processor upgrade with the Apple A5, and picks up the new Lightning connector.
What else is new? Siri is now available on the iPod touch for the first time, as is a new chassis hook that allows you to connect lanyards, including the iPod touch Loop, Apple's own. Lastly, in addition to the white and black colors, the iPod touch will also be available in yellow, cyan, and a (PRODUCT) RED version as well. The new iPod touch will hit stores in October, and will be available for $299 for the 32GB model, and $399 for the 64GB version. Interested buyers can pre-order the new iPod touch on September 14th. The 4th generation iPod touch will continue to sell, priced at $199 for the 16GB model, $249 for the 32GB model.
Check out our iPhone 5 event live coverage!
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Babe Ruth Baseball sign ups today
South Tahoe Babe Ruth Baseball is holding sign ups for the upcoming season today at the South Tahoe Ice Rink from 6 – 7:30 p.m. All boys and girls ages 13 through 15 are welcome to come sign up. Players must have been born between May 1, 1997 and April 30, 2000 to participate. The cost is $100 per player.
Players can also sign up any time, any day at the Best Western Station House Inn at 901 Park Ave., South Lake Tahoe. Tryouts are being held on April 7 at noon and April 13 at 10 a.m. at the South Tahoe High School Gym. Players need to be signed up before these dates to participate this season. Opening day is May 5.
Babe Ruth is a competitive local South Shore league which focuses on continued baseball skill development, sportsmanship and team camaraderie in a fun and safe environment. Anyone interested in playing, helping coach or assist the league should try to attend today's sign ups.
For more information, please contact, Eric Eymann, player agent at 530-721-2113 or by email at firstname.lastname@example.com.


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No disrespect to Bradley Roby. He's a highly talented cornerback prospect. It's just that no team waiting until the No. 31 draft pick winds up with its first choice.
The Broncos had Virginia Tech's Kyle Fuller right there with Roby at the top of their cornerback board. But Fuller went No. 14 to the Chicago Bears. Starting with Pittsburgh's pick at No. 15, the Broncos then tried to trade up and get Alabama middle linebacker C.J. Mosley.
But the asking price by the Steelers at No. 15, Dallas Cowboys at No. 16 and Baltimore Ravens at No. 17 were deemed too steep. The Ravens took Mosley at No. 17 and the Broncos spent the rest of the draft hoping Roby would be there.


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In the Roman Catholic Church today (November 5th) is the feast day of Saint Elizabeth (in the Greek Church it is celebrated on September 8th). Elizabeth was born in 1st Century, BC, and died in 1st Century AD.
Not much is known about Elizabeth, she was a descendant of the Old Testament patriarch, Aaron, the wife of Zachary, a temple priest, and most famously, the mother of Saint John the Baptist, with whom she became pregnant very late in life, and a kinswoman of the Blessed Virgin Mary—the mother of Jesus. She appears in the Gospel of Luke, where she is described as "righteous in the eyes of God, observing all the commandments and ordinances of the Lord blamelessly," and is the Elizabeth that Mary visited soon after the Annunciation. Described in the Gospel of Luke as "righteous in the eyes of God, observing all the commandments and ordinances of the Lord blamelessly," She was the Elizabeth that Mary visited soon after the Annunciation. Elizabeth's salutation is recorded as: "Blessed art thou among women and blessed is the fruit of thy womb. And how have I deserved that the mother of my Lord should come to me? For behold, the moment that the sound of thy greeting came to my ears, the babe in my womb leapt for joy. And blessed is she who has believed, because the things promised her by the Lord shall be accomplished." (Source: "Lives of Saints", Published by John J. Crawley & Co., Inc.).
Elizabeth is commonly depicted in artwork and images as an elderly woman holding the infant John the Baptist, and as a pregnant woman with the Virgin Mary.
She is the patron saint of expectant mothers/pregnant women and of the Diocese of Fulda, Germany.
I wanted to write a brief post about Elizabeth because my name, Lisa, is a diminutive form of the name which comes from "Elisabet," the Greek form of the Hebrew name "Elisheva" meaning "my god is an oath" or perhaps "my God is abundance." (See Behind the Name for more information). My paternal grandmother was named Elizabeth—originally Erzsébet (Hungarian), or Alžbeta (Slovak), and one aunt I was very close with was also named Elizabeth (nicknamed "Betty" and for short, I called her "Auntie B"). The name has been passed down in one form or another in my family for several generations.
For more information:
Catholic Encyclopedia (New Advent)
Catholic Online
For All The Saints, by Katherine Rabenstein


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Carnival Will Spend $700M to Make Ships More Reliable
After passenger strandings, cruise line announces improvements.
April 17, 2013 -- Carnival Cruise Lines, the world's biggest ship operator, announced plans today to add $300 million to improvements that would upgrade safety and create redundant power systems on its entire fleet.
Added to a previously announced program, the line will put between $600 million and $700 million into improving its ships to avoid incidents like the one that occurred on its Carnival Triumph in February. Power went out on the Triumph and more than 3,100 passengers were stranded at sea for several days. The cruise line has had several problems since then, including another ship stuck at port with a power outage.
Captain David Fish, the Coast Guard commander who oversees all marine investigations, told ABC News' Matt Gutman that six investigations of three Carnival vessels are under way.
The officer didn't yet know if the power/propulsion failures on those ships is systemic, but the steps outlined today by Carnival, which operates 10 brands including Princess and Cunard, are aimed at reducing the chance of future incidents. Carnival also owns Costa, whose Concordia ship hit rocks off the coast of Italy and capsized on Jan. 13, 2012, killing 32 people.
The systemwide improvements outlined today include: An increase in emergency generator power across Carnival Cruise Lines' fleet of 24 ships and additional investments in the newest and most technically advanced fire prevention, detection and suppression systems. All of Carnival Cruise Lines ships will have two separate, redundant engine rooms.
"Although every ship in our fleet currently has emergency back-up power which is designed to enable the continuous operation of safety equipment and some hotel services, it is our intent to significantly bolster that back-up power to support the core hotel services. With this improvement, we will better ensure guest comfort in the rare instance of a loss of main power," said Gerry Cahill, president and CEO of Carnival Cruise Lines.
Carnival also announced the formation of a Safety & Reliability Review Board of "outside experts with significant expertise in marine and occupational safety, reliability and maintenance, marine regulatory compliance and quality control/assurance."
A recent report from the Centers for Disease Control and Prevention gave an "unsatisfactory" rating to the Carnival Fascination, essentially a failing grade on a health inspection. A satisfactory rating from the CDC is a score of 85 or higher. The Fascination scored an 84.


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Tony Chapman takes 3rd @ SA ISAF Regatta
This year's Sailing Anarchy ISAF "Sportboat" Regatta was held at Coronado Yacht Club, Coronado California. It's a location that is not unfamiliar to AYC Sailors. In the past, they have hosted some of the small boat fleets for the SD NOODs held in March. Bucc and Viper sailors know it well. The Viper fleet bailed on Opening Day events at Lake Pleasant and trucked out to the coast for this event. The Viper overall winner was a boat with a Ullman Sails Sailmaker on board, with the runner up being Drew Harper, from Spinnaker Sailing – the West Coast Viper Distributor. Keeping that in mind, what a great showing for the AZ Viper Fleet! Congrats TONY!
Sailing Anarchy has a whole section on it. You can play "Where's Stacey" on the page as well!
Here is the YouTube video sponsored by Ullman Sails[youtube]FLjwIoAghjk[/youtube]


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14" Square Invicta Professional Cake Tin
14" Square Cake Tin From Invicta
This 14" square professional quality cake tin (cake pan) is manufactured in heavy duty tinplate by Invicta, a leading manufacturer of cake tins producing bakeware at an extremely high quality. It is manufactured in the UK.
This tin measures 14" on each side and 3" deep (355mm x 355mm x76mm) and has a fixed base.
Invicta cake tins are very heavy duty and we have been using these professionally for the 15 plus years we have been baking and they are still going strong!
There are other cheaper brands out on the market but if you are looking for professional cake tins that last and take wear and tear well, these are the cake pans for you. They do not lose their shape and the strong, thick nature of their construction means that heat is evenly distributed when baking giving even baking and a perfect finish for all sorts of cakes. They really will last a lifetime!
Instructions and Tips for Use
Wash tin before use with warm soapy water and dry thoroughly and heat them in the oven before use. This will cure them and keep them in good condition.
Line the tin with grease proof paper to stop your cake mix from sticking.
Although dishwasher safe we recommend washing by hand and then dry thoroughly. If a dishwasher is used you may experience some discoloration of the product although this will not affect the performance.
(Please note: this range is manufactured by skilled staff in North Yorkshire, and due to the handmade nature of manufacture it is possible that some marking may occur but these will not affect the performance of the tin.)


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Who: Rooney Mara, Casey Affleck, Ben Foster, David Lowery (Director)
They'll Talk Because: You don't get a more intense trio than this, and that's especially true when you apply them to a story about an outlaw (Affleck) who escapes from prison in order to reunite with his wife (Mara) and the baby he never knew. We expect lots of gritty Texas flavor and more than one awards-caliber performance to be born out of this one.
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