Sunday, October 21, 2012
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Saturday, October 20, 2012
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Friday, October 19, 2012
Greece Wins EU Summit Praise
By Jonathan Stearns, Bloomberg
At his first European Union summit since becoming prime minister in June, Antonis Samaras said record unemployment showed the price Greece was paying for austerity demanded by the euro area as a condition for emergency loans. He urged parallel steps to kick- start the economy and stuck to a request for two extra years until 2016 to meet targets for narrowing the budget deficit, prompting signs of European goodwill.
“We welcome the determination of the Greek government to deliver on its commitments and we commend the remarkable efforts by the Greek people,” the 16 other euro-area leaders said in a statement released today in Brussels after the first session of the EU meeting. “Good progress has been made to bring the adjustment program back on track.”
The Samaras government has been negotiating with the euro area and theInternational Monetary Fund
over 13.5 billion euros ($17.6 billion) of austerity measures for 2013 and 2014 needed to qualify for the release of more loan instalments. Transfers have been frozen since June.
The next aid payout is scheduled to total 31 billion euros, most of which would be to recapitalize banks. That disbursement would be under a 130 billion-euro rescue package approved earlier this year after an initial 110 billion-euro bailout in 2010.
German Chancellor Angela Merkel held a meeting with Samaras today in Brussels as the second part of the EU summit got under way.
“One has to recognize that a lot has already been done and that they’re pressing ahead” in Greece, Merkel told reporters afterward. She said she works “very well” with Samaras, who, at his own press conference, said “the climate has changed. All our European partners have recognized that we have made big progress lately. The Greek economy and society are on the brink," he said.
“We expect Greece to continue budgetary and structural policy reforms and we encourage its efforts to ensure swift implementation of the program,” the euro-area leaders said. “These conditions will allow Greece to achieve renewed growth and will ensure its future in the euro area.”
French President Francois Hollande
said the next aid tranche for Greece must be paid in “the coming weeks” once the euro area and IMF complete their current review of the nation’s finances.
Samaras said his request for a two-year extension to meet fiscal-austerity targets is tied to the questions of a 12 billion-euro funding gap that would result from the longer timetable and of the sustainability of Greece’s debt, which is supposed to fall to 120 percent of GDP in 2020. He said these issues would likely be decided after the creditors’ review.
EU Economic and Monetary Affairs Commissioner Olli Rehn said he expected Greece to win the green light for the next disbursement within a month.
“I’m confident that we will be able to come to a positive conclusion of this review,” Rehn told Bloomberg Television in Brussels yesterday. “I expect that this will happen in the early part of November, before mid-November.”
Luxembourg Prime Minister Jean-Claude Juncker signaled the onus is on euro-area governments to unblock the aid for Greece.
“I am very happy with the performance the Greek government has undertaken,” Juncker, who also heads the group of euro-area finance ministers, told reporters as he emerged from the first EU summit session. “Now it’s up to the other 16, after Greece will have delivered, to deliver.”
Thursday, October 18, 2012
Bullets, taxes and Chicago crime
Cook County Board President Toni Preckwinkle wants to tax the sale of every bullet and firearm - an effort even she acknowledges could spark a legal challenge.
The budget proposal Thursday that calls for a tax of a nickel for each bullet and $25 for each firearm sold in the county. Preckwinkle's office estimates the tax will generate about $1 million a year, money that would be used for various county services including medical care for gunshot victims. Law enforcement officials would not have to pay the tax, but the office said it would apply to 40 federally licensed gun dealers in the county.
Preckwinkle insists the ordinance is far more about addressing gun violence than raising money for a county that faces a deficit of more than $100 million next year.
Richard Pearson, the executive director of the Illinois State Rifle Association, says the tax wouldn't do anything to address gang violence but would harm local businesses and law-abiding citizens.
"If she wants to get to the people causing all the problems she ought to put a tax on street gangs," he said. "All this is going to do is drive business out of Cook County, into other counties, Indiana and Wisconsin."
One suburban gun shop owner agreed, saying that his customers, many of whom are hunters and police officers, will simply go elsewhere.
Through last week, the city reported 409 homicides this year compared to 324 during the same period in 2011. Although the violence still doesn't approach the nearly 900 homicides a year Chicago averaged in the 1990s, officials say gang violence was largely to blame for a rash of shootings earlier this year.
SOURCE: AP Edited by TYO
Sylvia Kristel 1952-2012
"She died during the night during her sleep," her agent, Marieke Verharen, told the AFP news agency.
The actress, who had cancer, was admitted to hospital in July after suffering a stroke.
Emmanuelle, which told the story of a sexually promiscuous housewife, spawned numerous sequels and played in a cinema on the Champs-Elysees for 11 years. Kristel went on to star in several Emmanuelle sequels, as well as more mainstream films - many of which, like Lady Chatterley's Lover and Mata Hari, played on her reputation as an erotic film star. Born in Utrecht, Holland, in 1952, Kristel grew up with her younger sister Marianne in Room 21 of The Commerce Hotel, which her parents owned. Convent-educated, she fled her strict Calvinist upbringing for Amsterdam as a teenager, where she worked as a secretary and a waitress before becoming a model. Aged 21, she won two beauty competitions - Miss TV Holland and Miss TV Europe - and, shortly afterwards, was encouraged to pursue acting by her boyfriend, Belgian author Hugo Claus. She had already appeared nude in the film Because of the Cats, when she stumbled into the audition for Emmanuelle, having been sent to a casting call for a soap powder commercial next door. Speaking to The Evening Standard in 1994, she said she had no problem convincing director Just Jaeckin of her suitability for the part. Set in Thailand, the film was based on the erotic novel by Emmanuelle Arsan. It told the story of a bored wife, who had followed her diplomat husband to Asia, and filled her time with romantic trysts. On release, Emmanuelle inevitably caused controversy. It was banned in Paris, where it was supposed to have its premiere, for six months. But it also made Kristel a star. She spent seven years in Hollywood, appearing in such films as The Concorde: Airport '79, and Private Lessons. But the actress, whose parents were both alcoholics, soon found herself addicted to drink and drugs. "I sometimes needed a shot before doing certain scenes," she said. "It definitely comforted me and gave me courage. But then it turned out that I almost couldn't start a day without a drink." By this time she had left Claus, with whom she had a son, for British actor Ian McShane. Their relationship was volatile. In her autobiography, she described it as "awful - he was witty and charming but we were too much alike". Further relationships followed. She wed American millionaire Alan Turner, who ended their marriage after five months, telling Kristel he had made a terrible mistake. Her second husband, would-be director Philippe Blot, persuaded her to bankroll his films. They were disastrously received. Kristel said she left the marriage with $400 (£247) to her name. "If I'd known then what I know now, I probably wouldn't have gone ahead with any of the relationships I was involved in, with the exception of Hugo," she told the Daily Mail in 1993. She stopped appearing nude on screen in the 1980s because her son, Arthur, was being "teased at school", but returned to the Emmanuelle series in 1994, in a direct-to-video sequel where she appeared, fully-clothed, reminiscing about the exploits of her younger alter-ego. After leaving America, she retreated to the South of France to paint, specialising in female portraits and pictures of roses. She was diagnosed with both throat and lung cancer in the early 2000s and fought the disease over the last decade. Her agent declined to say whether Kristel died at home or at hospital, but said her funeral would be private. -BBC
Sunday, October 14, 2012
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