By David Vance On June 30th, 2015 at 8:59 pm
My aching sides!
The Greek government has requested a new bailout deal from the eurozone, just hours before it must repay €1.6bn (£1.1bn) to the International Monetary Fund (IMF). Greece is asking for a new two-year €29.1bn aid deal from a bailout mechanism for eurozone countries.
Eurozone finance ministers discussed the Greek offer in a teleconference on Tuesday evening, but made no decision. If it fails to make the IMF payment, Greece could risk leaving the euro.
To summarise. Greece can’t afford to pay back its bail-out so the answer is a new bail out. 11PM approaches ….tick tock…
By Pete Moore On June 30th, 2015 at 5:38 pm
It’s a funny old world. According to media reports, ISIS has “sunk even lower” for beheading two women for sorcery in Syria. Yeah, it’s shocking stuff yet again from the worst people in the world.
Except that they’re Abdul-come-latelies to this. Saudi Arabia beheaded a woman for sorcery in 2011, and when the king who presided over it died, Prince Charles and the PM went to his funeral while flags were lowered to half mast in London.
I really can’t see the difference between ISIS and Riyadh, except for Western governments and defence contractors being on very good terms with the latter. If ISIS sticks it out for long enough it’s certain to be rehabilitated. In fact the more you look at them, the more ISIS and Riyadh are one and the same.
The government has just published its definition of “extremism”. Apparently opposition to democracy can mark you out as an extremist, which is bad news for me as well thousands of muslim ISIS fans out there. And Europhiles of course, along with our friends in Riyadh.
Nicky Morgan, a dull-witted minister (but I repeat myself) today said that homophobia may be a sign of extremism. I would note that the BBC manages a whole report without once mentioning muslims or Islam, but I’m not so sure any more if ministers have them in mind with these announcements.
So homophobes are in the frame too, which presumably didn’t stop Prince Charles and the PM from chumming up with the Saudi bigwigs at that funeral. Maybe Nicky Morgan should investigate herself, because she twice voted against gay marriage.
In the end it looks like we’re all extremists.
By David Vance On June 30th, 2015 at 12:48 pm
Interesting article from Victor Hanson Davis here…
“One cannot today buy Confederate flags online, but one can easily purchase Nazi insignia of the sort that flew over Auschwitz or the hammer-and-sickle Communist banner that represented the Great Famine, forced collectivization, and various cultural revolutions that led to 100 million slaughtered or starved to death in the 20th century. One can argue that the slave-owner Robert E. Lee fought to perpetuate human bondage, but Lee never took delight in personally executing without trial his ideological enemies, in the manner of the psychopathic, pistol-toting Che Guevara, whose hip portraiture adorns all too many campus dorm rooms. “
Should Al Gore give one of his trademark teary public confessions and, in vein-bulging angst, apologize to blacks for misrepresenting his senator father’s racist votes against civil-rights legislation? Should Bill Clinton join Gore on the podium to feel our pain and say he is sorry that regional Clinton–Gore campaign affiliates often plastered “Clinton–Gore ’92” on the Confederate battle flag in an effort to get out the supposed redneck vote? Will Hillary Clinton join in too and apologize for her 2008 declaration — delivered during her heated, racialized primary struggle with Barack Obama — that the polls showed “how Sen. Obama’s support among working, hard-working Americans, white Americans, is weakening again, and how whites in both states [Indiana and North Carolina, where primaries had just been held] who had not completed college were supporting me.”
By David Vance On June 30th, 2015 at 12:22 pm
The teaching bubble has surely burst.
The number of empty places in schools in Northern Ireland has risen to about one fifth of the entire number of places available. (71,000)
That is the finding of a Northern Ireland Audit Office (NIAO) report that is critical of the Department of Education’s efforts to reduce the number of empty places. The report also said school “leadership in post-primaries” must be improved. There are also too many small schools in Northern Ireland, it added.
If we have 70,000+ empty spaces then that is telling me we also have too many teachers, yet each year our teaching colleges churn out more and more. It’s time that supply and demand was extended to the ivory towers of academia!
By The Troll On June 30th, 2015 at 12:21 pm
As Greece collapses the domino’s start to fall in other places. Puerto Rico for all intensive purposes is the 51st State of the United States. People born in Puerto Rico are natural-born citizens of the United States.
Puerto Rico governor calls for bankruptcy; adviser says island ‘insolvent’
NEW YORK (Reuters) – Puerto Rico’s governor on Monday called for the commonwealth to be allowed to restructure its debts under U.S. bankruptcy code, while a newly appointed adviser to the U.S. territory said it is “insolvent” and will soon run out of cash.
Governor Alejandro Garcia Padilla, in a televised address, said sacrifice must be shared by bondholders, as he called for Washington to allow a bankruptcy debt restructuring.
The Caribbean island is struggling to relieve a $73 billion debt burden. It came to a crunch point on Monday – ironically at the same time as did debt-laden Greece – after a dire report on its stability by former International Monetary Fund economists was released ahead of key deadlines on Wednesday to repay debt.
Steven Rhodes, the retired U.S. bankruptcy judge who oversaw Detroit’s historic bankruptcy and has now been retained by Puerto Rico to help solve its problems, gave a blunt assessment on Monday.
Puerto Rico “urgently needs our help,” Rhodes said. “It can no longer pay its debts, it will soon run out of cash to operate, its residents and businesses will suffer,” he added.
Puerto Rico’s bonds skidded on Monday as investors sought greater compensation amid the heightened risk.
Puerto Rico is not eligible for debt restructuring under the U.S. bankruptcy code because it is not a municipality.
Rhodes said the island’s future hinges on gaining eligibility for debt restructuring, while stressing that bankruptcy would not be a “bailout.”
Garcia Padilla called for Washington to grant the U.S. territory the ability to file for bankruptcy in a televised address, as he said that his goal is to come up with a negotiated moratorium with bondholders to postpone debt payments for a number of years.
“Puerto Rico needs a complete restructuring and development plan, comprehensive and inclusive, that takes care of the immense problem we face today, not on a short but on a long-term and definitive basis,” Garcia Padilla said. “The alternative would be … halting of payments with all the negative consequences that this implies.”
Read the rest of this entry »
By David Vance On June 30th, 2015 at 12:06 pm
Many many years ago when the world was young and I carried a desire to actually operate within the political system, I stood for election in Upper Bann. At the time I pointed out the hypocrisy of the DUP in the area and was the subject for much press vilification because I dared do so. One of those who regularly attacked me in the press was this chap…
David McConaghie (50), a former aide to DUP MP David Simpson, denies voyeurism for the purposes of sexual gratification between August 22 and September 13, 2012. Giving evidence yesterday, a woman who worked in the Portadown office said Mr McConaghie had suggested some potpourri for the toilet and one Monday morning he arrived with some in a square pot, which was placed in the toilet. A detective sergeant who examined the device said there were 216,373 images and 15 video files. The investigating officer viewed 114,301 of the stills and 230 of these were presented in evidentiary format.
Classy guy, eh? I think I have made enemies from the right people! 🙂
By David Vance On June 30th, 2015 at 12:03 pm
Here is the Greek referendum question on which so much revolves.
Should the plan of agreement be accepted, which was submitted by the European Commission, the European Central Bank, and the International Monetary Fund in the Eurogroup of 25.06.2015 and comprises of two parts, which constitute their unified proposal? The first document is entitled ‘Reforms for the completion of the current program and beyond’ and the second ‘Preliminary debt sustainability analysis’.”
No or Yes?
More importantly, does ANYONE understand it?
By Pete Moore On June 29th, 2015 at 9:31 pm
It’s warming up in Blighty, and about time too, but of course a brief outbreak of summer is always an excuse for leviathan to patronise everyone –
UK weather: Health warning as summer heatwave set to reach 35C
Temperatures are expected to reach the mid-thirties on Wednesday prompting councils to put staff on high alert
These are people who are so lacking in self respect and ambition they ended up working “for the council”. And they have the cheek to think they need to look after people with productive lives.
By David Vance On June 29th, 2015 at 1:06 pm
One of the most obvious questions that follows when one is told that marriage is no longer the union between one man and one woman on the ground of ‘equality” is to ask then can marriage mean anything at all? Why can polygamy not be deemed legal? If they love each other – goes the argument – why should the State get in their way of expressing that love? Can we also accept that IF family members are attracted to each other then they too should be allowed to marry? Where do you stop it and more importantly on WHAT basis? It strikes me that redefining marriage actually means marginalising the value of the institution. If it can mean anything then it really means nothing.