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Thursday, November 30, 2017

11/30/17 Spain - Economy: Barcelona port container traffic rises by historic 36%

The third quarter of 2017 was the best ever seen for container traffic for the Barcelona port, which grew by 36.8%.

Total port traffic surged by 31.2%. The port authority said that the increase was due to a sharp acceleration in traffic that began in early 2017. Container traffic rose by 31% from January to September: a total of over 2.2 million TEU.

All cargo transport sectors did well during the quarter, with trans-shipment rising by a whopping 129.8%. Foreign trade continued growing, with imports up by 9.3% (434,146 TEU) and exports by 3.5% (523,326 TEU). As concerns markets,

Asian countries saw the most growth in trade, especially the UAE at +11.3%. Trade with China also rose (+9.6%) as well as with South Korea (+14.2%), India (+13%), Japan (+10%) and Vietnam (+6.2%). Growth in ro-ro (ferry) traffic rose, which affects trade especially with Italy and North Africa, rising by 6% in the first nine months of the year.

Passenger traffic rose by 2.7% in the nine months in question at the Barcelona port, with a surge in passengers on ferries from Italy, the Balearic Islands and North Africa, rising by 11.4%. The number of cruise ships docking at the port fell by 1.9%.

EU-Digest

Wednesday, November 29, 2017

U.S. Economic Forecast: Growth of the economy to continue through 2018

For the first time since the middle of 2014, the US economy has sustained 3 percent growth for two consecutive quarters, providing strong momentum into next year. The current Conference Board forecast calls for 2.8 percent growth during the final quarter of 2017 and 2.5 percent growth in 2018.

This would represent the economy’s best 2-year run since 2005.

Business investment has awakened from the doldrums this year, rising by more than 4 percent after falling into negative territory in 2016. Confidence in the manufacturing sector has been especially strong.

The composition of growth supports a long-term improvement in productivity. Capital equipment has risen at an 8.7 percent annual rate during the past two quarters, while investment in warehouse structures is up more than 20 percent since the end of last year. These investments demonstrate a renewed firm commitment to increased efficiency.

Consumer spending eased a bit in the third quarter, but with The Conference Board’s Consumer Confidence Index still strong and housing prices rising, expect a robust holiday season.

One encouraging sign was the pickup in motor vehicle spending thanks to renewed demand following the two hurricanes. Should employment growth rebound quickly from last month’s storm related decline, tighter labor markets should translate into a renewed wage acceleration which could boost spending late this year or into 2018. The possibility of federal income tax cuts could do the same.

The economy enters 2018 in good position to maintain strong growth from 2017.

Current Fed chair Janet Yellen and new Fed chair nominee Jerome Powell may raise rates slightly faster as a result. These expectations have led long-term rates to rise modestly.

The dollar has also started strengthening since early September after weakening through much of 2017, creating less favorable terms of trade. Higher capital costs and the possibility of a less supportive external environment for growth have not rattled the market yet.

With growth prospects strong for 2018, profits should grow robustly as well, rewarding those businesses that increase investment levels.

Read more: U.S. Forecast | The Conference Board

Tuesday, November 28, 2017

USA: SHOP TILL YOUR TABLET RUNS OUT OF JUICE: Cyber Monday was largest online shopping day in US history - by Lauren Thomas

Digital transactions on Monday reached a record $6.59 billion, Adobe Insights unveiled Tuesday in its final update on the holiday weekend.

That marks a 16.8 percent increase from a year ago, and makes Monday the largest online shopping day in U.S. history.

Mobile also had a record day, Adobe found, saying smartphones have become the "de facto device" for on-the-go shopping. Mobile sales on Cyber Monday reached $2 billion for the first time.

"This year, mobile shopping was dominant both in the morning and afternoon, and desktop only staged a comeback in the evening when people were home," Taylor Schreiner, director of Adobe's Digital Insights division, said.

Adobe measures 80 percent of online transactions from 100 major U.S. retailers.

Monday, November 27, 2017

European Health Systems: Not enough prevention: EU health systems report

Only 3 per cent of EU countries' health budgets is spent on prevention, with 80 per cent spent on treatment of diseases, the EU Commission reported on Thursday in a set of 28 'country health profiles'.

The reports, along with a 'companion report', suggest a rethinking of European health systems is needed to 'ensure they remain fit-for-purpose and provide patient-centred care'
.
"We need better access to primary care so that the emergency room isn't people's first port of call," said Health Commissioner Vytenis Andriukaitis: "And we need to enshrine health promotion and disease prevention into all policy sectors to improve people's health and reduce pressure on health systems."

The reports provide an in-depth analysis of EU Member States' health systems.

Read more: Not enough prevention: EU health systems report — EUbusiness.com | EU news, business and politics

Sunday, November 26, 2017

Global Military Spending: Which country spent the most on its military last year?

US military spending in 2016 topped that of China, Russia, Saudi Arabia, India, France, UK, Japan, Germany and South Korea combined 

Global military spending in 2016 totalled $1.69 trillion, according to the SIPRI.

The top 10 countries accounted for 73 percent of this total, they were: The USA, China, Russia, Saudi Arabia, India, France, UK, Japan, Germany and South Korea.

US military spending surpassed that of the other top eight countries combined, with the rest of making up only 27 percent of the figure.

Note EU Digest: This is scandalous with so many people living in poverty around the world. Bottom line: use of weapons creates only more chaos and disaster. 

Read more: Which country spent the most on its military last year? | Euronews

Saturday, November 25, 2017

Germany: Chancellor Angela Merkel moves left as German politics realign

Earlier this year, with the far-right populist Alternative for Germany (AfD) coming off a string of regional election triumphs, most observers expected Angela Merkel to become more conservative. Some within her own parliamentary bloc indeed demanded she do just that. But the opposite has happened. If anything, the chancellor and the CDU-CSU have maneuvered further left.

Part of the reason is the dictates of electoral numbers. The results of the September 24 national election meant that, with the extremes of the AfD and the Left party being deemed off-limits, Merkel's only viable coalitions involve either the center-left Social Democratic Party (SPD) or the left-wing environmentalist Greens. There is no non-left path to power.

But changes to political culture and Merkel's own personal inclinations have also encouraged realignment and effectively shifted the center further to the left. It was part of the accepted wisdom in Germany in the last 30 years that the conservatives' natural allies were the business-friendly Free Democratic Party (FDP), which has leaned towards the conservatives as coalition partner since the early 1980s, but had been in a coalition with the SPD before that.

Read more: Chancellor Angela Merkel moves left as German politics realign | In Depth | DW | 24.11.2017

Friday, November 24, 2017

USA: Looking Into the Crystal Ball: 22 Predictions for 2018

1. The artificial intelligence (AI) hype bubble will burst.

2. Face-to-face interactions will increase.

3. More beauty consumers will move to Indie brands.

4. Mental health house calls will become more common.

5. The money will be in the 35-plus demographic.

6. More people will strive for simplicity.

7. "Big Data" will become "Big Fresh Data."

8. Trust will be tech's biggest hurdle.

9. Artificial intelligence (AI) will drive smart video meetings.

10. The divide between machine learning (ML) haves and have nots will grow.

11. Cybersecurity will be table stakes for executive competency.

12. Ownership will decrease.

13. The subscription model will become standard for all industries.

14. Enterprises will think smaller.

15. Corporate America will increase its role in our political, legal and social lives.

16. Consumers will expect more voice controls.

17. Reach and scalability will continue to remain vexing problems.

18. Data will take the gossip out of the real estate industry.

19. Machine learning will begin to transform business at every scale.

20. Expect to see even more data-driven hires and acquisitions.

21. The tech industry will continue its transformation into an experience business.

22. Wellness will play an even larger role across all industries.

Details: read more click here: Looking Into the Crystal Ball: 22 Predict

Thursday, November 23, 2017

UN - The US inability to admit reality - by Thierry Meyssan

Decidedly, very little has changed since 11 September 2001. The United States continue to manipulate international public opinion and the tools of the United Nations, no doubt for different reasons, but still with the same contempt for the truth.

In 2001, the representatives of the United States and the United Kingdom, John Negroponte and Stewart Eldon, assured that their two countries had just attacked Afghanistan in legitimate defence after the attacks committed in New York and Washington.

The Secretary of State, Colin Powell, promised to hand the Security Council a complete dossier presenting proof of Afghan responsibility. 16 years later, this document has still not been seen.

n 2003, the same Colin Powell came to explain to the Security Council, during a speech which was relayed by the televisions of the whole world, that Iraq was also implicated in the attacks of 11 September, and that it was preparing new acts of aggression against the United States by means of weapons of mass destruction.

 However, once he had retired from his functions in the US government, General Powell admitted on a TV channel in his own country that the many accusations in his speech were all false [3]. 14 years after this speech, we are still waiting for the United States to apologise to the Security Council.

US methods after 2001 were totally different from any that had preceded them. In 1991, President Bush the Father had made certain that he had international law on his side before he attacked Iraq, having pushed President Saddam Hussein to invade Kuwait and to dig in. He had thus obtained the support of almost all the nations in the world. On the contrary, in 2003, Bush the Son settled for lying and then lying some more. Many States distanced themselves from Washington, and we saw the greatest pacifist demonstrations in History, from Paris to Sydney, from Beijing to Mexico.

In 2012, the UN Department of Political Affairs drew up a project for the total and unconditional surrender of Syria [4]. Its director, US citizen Jeffrey Feltman, ex-Under-Secretary of State for Hillary Clinton, used all the means at his disposal to create the greatest coalition in History and accuse Syria of all manner of crimes, none of which were ever proven.

If the States which possess the Feltman document have decided not to publish it, their intention is simply to preserve the United Nations. It is indeed inacceptable that the might and means of the UNO were used to promote war, when the institution was created in order to preserve peace. Since I am not held to the same obligations as a State, I have published a detailed study of this ignoble document in “Right Before Our Eyes”
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In 2017, the UNO-OPCW Joint Investigative Mechanism, created at the request of Syria in order to investigate the use of chemical weapons on its territory, became the object of the same struggle which had earlier opposed Hans Blix to Washington. Except that this time, the fronts were reversed. In 2003, the UNO was defending peace. This is no longer the case, since Jeffrey Feltman was reappointed and is still the number 2 of the UNO. This time it’s Russia which is opposing the pro-US international civil servants in the name of the Charter.

For the complete report click here At the UN - US inability to admit reality, by Thierry Meyssan

Wednesday, November 22, 2017

Insurance Industry: Top insurance industry issues in 2017

Ongoing changes in technology, demography, and consumer needs and expectations continue to disrupt the insurance industry. Combined with recent regulatory and financial reporting developments, these changes are putting severe strain on traditional business models.

Many insurers are responding by reimagining their internal operations and business strategies, but the pace of change outside the industry has been relentless and even proactive companies are struggling to remain on the cutting edge.

Top Insurance Industry Issues in 2017 focuses on changing business and operating models and the key developments that are causing and being influenced by this change.

Read more: Top insurance industry issues in 2017: PwC

Tuesday, November 21, 2017

Paris Climate Accord:Trump’s isolationism on full display at international climate talks in Germany - by Ramon Cruz

Apart from Trump, his cabinet and his most ardent fossil fuel industry supporters, there is a complete global political consensus on the urgency of the problem and the collective action needed to tackle it.

Another highly visible affair was the shadow U.S. delegation composed of several state governors spearheaded by California Gov. Jerry Brown and prominent former elected officials such as Bloomberg, Arnold Schwarzenegger and Al Gore.

Many delegates regarded the grouping as the de-facto U.S. delegation, which was, without a doubt, much busier and more popular than the onecomposed of officials from the White House. This shadow delegation’s “America’s pledge” is a message to the rest of the world that the U.S. is still engaged.

Read more: Trump’s isolationism on full display at international climate talks | TheHill

Monday, November 20, 2017

Germany: German coalition talks collapse- by Peter Teffer

The liberal Free Democratic Party (FDP) pulled out of coalition talks in Germany on Sunday (19 November), leading to an uncertain political uture for the EU's largest member state.

The move is a blow to Angela Merkel, leader of the centre-right CDU and chancellor of Germany since 2005, who was expected to lead the coalition government for a fourth time.

But talks between CDU, its Bavarian sister party CSU, the Greens, and FDP, progressed slowly and missed a self-imposed deadline last Thursday.

FDP's leader Christian Lindner said on Sunday that after weeks of talks, there were still many open issues and conflicting goals, but "no common basis for trust".

"It is better not to rule than to rule wrongly," said Lindner around midnight on Sunday.

Read more: Germany: German coalition talks collapse- by Peter Teffer

Sunday, November 19, 2017

The Rich and Poor Gap: Societies Are Headed Toward Revolution, Suggests Inequality Study

There’s a common thread tying together the most disruptive revolutions of human history, and it has some scientists worried about the United States. In those revolutions, conflict largely boiled down to pervasive economic inequality. On Wednesday, a study in Nature, showing how and when those first divisions between rich and poor began, suggests not only that history has always repeated itself but also that it’s bound to do so again — and perhaps sooner than we think.

In the largest study of its kind, a team of scientists from Washington State University and 13 other institutions examined the factors leading to economic inequality throughout all of human history and noticed some worrying trends. Using a well-established score of inequality called the Gini coefficient, which gives perfect, egalitarian societies a score of 0 and high-inequality societies a 1, they showed that civilization tends to move toward inequality as some people gain the means to make others relatively poor — and employ it. Coupled with what researchers already know about inequality leading to social instability, the study does not bode well for the state of the world today.

“We could be concerned in the United States, that if Ginis get too high, we could be inviting revolution, or we could be inviting state collapse. There’s only a few things that are going to decrease our Ginis dramatically,” said Tim Kohler, Ph.D., the study’s lead author and a professor of archaeology and evolutionary anthropology in a statement.

Currently, the United States Gini score is around .81, one of the highest in the world, according to the 2016 Allianz Global Wealth Report.

Kohler and his team had their work cut out for them, as studying inequality before the age of global wealth reports is not a straightforward task. It’s one thing to measure modern day economic inequality using measures of individual net worth, but those kind of metrics aren’t available for, say, hunter-gatherers chasing buffalo during the Paleolithic. To surmount this obstacle, the researchers decided to use house size as a catch-all proxy for wealth, then examined the makeup of societies from prehistoric times to modern day using data from 63 archaeological digs

Overall, they found that human societies started off fairly equal, with the hunter-gatherer societies consistently getting Gini scores around .17. The divide between rich and poor really began once humans started to domesticate plants and animals and switch to farming-based societies. Learning to till the land meant introducing the concept of land ownership, and inevitably, some people ended up as landless peasants. Furthermore, because these societies no longer lived as nomads, it became easier to accumulate wealth (like land) and pass it down from generation to generation.

The Gini scores got higher as farming societies got bigger. The small scale “horticultural” farmers had a median Gini of .27, and larger-scale “agricultural” societies moved up to .35. This pattern continued until, oddly, humans moved into the New World — the Americas. Then, over time, the researchers saw that Gini scores kept rising in Old World Eurasia but actually hit a plateau in the Americas. The researchers think this plateau happened because there were fewer draft animals, like horse and water buffalo, in the New World, making it harder for new agricultural societies to expand and cultivate more land.

Overall, the highest-ever historical Gini the researchers found was that of the ancient Old World (think Patrician Rome), which got a score of .59. While the degrees of inequality experienced by historical societies are quite high, the researchers note, they’re nowhere near as high as the Gini scores we’re seeing now.  

A global report from Credit Suisse showed that modern humans are continuing the trends set by our predecessors: Now, the report showed, half of the world’s wealth really does belong to a super-rich one percent, and the gap is only growing. Historically, Kohler says in his statement, there’s only so much inequality a society can sustain before it reaches a tipping point. Among the many known effects of inequality on a society are social unrest, a decrease in health, increased violence, and decreased solidarity. Unfortunately, Kohler points out, humans have never been especially good at decreasing inequality peacefully — historically, the only effective methods for doing so are plague, massive warfare, or revolution.

Read more: Societies Are Headed Toward Revolution, Suggests Inequality Study | Inverse

Saturday, November 18, 2017

Spain-Catalonia: Puigdemont, the doomed architect (who is now also wating Belgian Taxpayers money)– by Jorge Valer

For some, ousted "president" Carles Puigdemont is the architect of a new independent Catalan Republic.

For others, he is just a coward who led his citizens to chaos and ruin, and fled to Belgium. Today, he got his day in court.

At two o’clock, Puigdemont rolled up to the scaffolding-enshrined Justice Palace in Brussels to put his fate in a Belgian judge’s hands.

But history tells us that builders have a dubious reputation in the neighbourhood. The land exportation required to construct the Justice Palace, arguably the largest building of the 19th century, was so massive that ‘architect’ one of the worst insults you could hear in Brussels at that time.

The Belgian judge would not rule on Puigdemont’s skills and vision as a builder of a new nation. But whether he should be sent back to Spain to face trial on five charges, including rebellion and sedition, as the Spanish authorities requested.

The first hearing concluded with little progress. The judge scheduled another session for 4 December to decide whether Puigdemont and the four member of his dismissed government who escaped with  him should be extradited to Spain.

One charge, corruption, was dismissed, which was seen as a victory by the defence, given that it would have triggered an automatic repatriation to Spain.

The decision could come in mid-December but the two-appeal system in Belgium would postpone the final verdict to early next year.

The defence argued that Puigdemont cannot return to Spain because his fundamental rights would not be respected. But the European Arrest Warrant would make it very hard for the Catalan and his former team to escape extradition.

Still, the Belgian prosecutor did his homework and asked his Spanish colleagues last week how the sacked Catalan government’s rights would be ensured.

He reminded them that the principle of “mutual trust”, the bedrock of the EAW, is not enough for a Belgian judge to comply with Madrid’s request.

Note EU-Digest: The fact of the matter is that Mr. Puigdemont did not comply with the constitutional law of Spain, caused public unrest, hurt the Spanish economy in doing so, and now, not only wasting the Spanish taxpayers money for the trouble he created - but in addition also that of the Belgian taxpayer, who have in fact been saddled up paying for Puigdemont's court case, and consequently, thereby also financing his Catalonia "pipe dream" propaganda from Belgium. It is high time for Belgium to stop this nonsense and waste of money. Mr. Puidemont and his cohorts should be extradited to Spain as soon as possible, where they can be prosecuted under Spanish law - as they should.     

Read more: The Brief: Puigdemont, the doomed architect – EURACTIV.com

Friday, November 17, 2017

US Stock Market: Investors flee junk bonds in troubling signal for stock market - Jeff Cox

udging from the flow of money out of high-yield bonds, investors are getting increasingly leery of a market that continues to hover around record levels, despite a handful of rough trading sessions in November and a rocky start Friday.

Funds that track junk bonds saw $6.8 billion of outflows over the past week through Wednesday, according to Bank of America Merrill Lynch. That's the third-highest on record.

The sector is considered a key proxy for the stock market, with performance that has followed almost a perfect correlation with the S&P 500 in terms of direction. Bonds are normally thought as a safe-haven trade that benefits when stocks weaken, but high-yield represents a risk similar to equities.

The correlation in 2017 has varied: September was the high for the year at 76 percent, while June was just 42.4 percent, according to DataTrek Research. (100 percent would mean the assets move exactly in tandem.)

Read more: Investors flee junk bonds in troubling signal for stock market

Thursday, November 16, 2017

da Vinci: "A Glaring Example of how Decadent Our Western Values have become" - As Someone Spent $450 milliom on a Possibly fake da Vinci Painting

“Salvator Mun"
Rhett Jones reports in Gizmodo that  on Wednesday, November 15, 2017, auction records were shattered when an anonymous buyer spent $450.3 million to be the proud owner of a “long lost” painting “by” Leonardo da Vinci. The thing is, it may not have even been painted by Leonardo, it’s in terrible shape, it’s not especially good, but in the financial world of art, none of that matters.

Christie’s auction house has been hyping the emergence of Salvator Mundi (“Savior of the World) as “the greatest and most unexpected artistic rediscovery of the 21st century.” It’s believed to be the only Leonardo in private hands. According to Artnet, it was once part of the collection of King Charles I and has since bounced around less prestigious homes. In 1958, it was auctioned at Sotheby’s London for £45 and attributed to Boltraffio, a painter who worked in Leonardo da Vinci’s studio. It was then picked up at an estate sale for around $10,000 back in 2005. In the last decade, researchers and authenticators have studied its history and deemed it an authentic Leonardo.

The opening bid was set at $100 million and Christie’s reportedly wondered aloud if some collector could conceivably drop $2 billion on it. If the auction house truly thought that was a possibility, I guess they were a little disappointed by the final hammer price. But that $450.3 million is by far the highest price paid for a painting at auction. The previous record holder was Pablo Picasso’s Les Femmes d’Alger, which sold for $179,364,992 in 2015. The Guardian claims Salvator Mundi is also the highest priced artwork ever sold privately, but that record is a lot harder to definitively establish because artworks change hands without public records all the time.

Not everyone, however, is sure that this record-breaking painting is by Leonardo da Vinci. Authentication is a subjective trade, and a buyer’s confidence in an authenticator’s assessment is mostly based on that authenticator’s reputation. In the case of Salvator Mundi, it was being restored by Dianne Dwyer Modestini, a professor of paintings conservation at New York University, in 2007 when she started having a feeling that something was different about this piece. She was commissioned to clean up what she thought was a copy of the famous Florentine’s work but began to see details that were very Leonardo-like. A subsequent X-ray revealed traces of changes being made to the composition over time. Someone making a copy wouldn’t be making these drastic changes. Since then, many top scholars have concluded that it is, in fact, a Leonardo based on numerous factors including the technique, materials, and outside historical data.

Other experts have their doubts. Charles Hope, an emeritus professor at the Warburg Institute at the University of London, wrote in the New York Review of Books, “even making allowances for its extremely poor state of preservation, it is a curiously unimpressive composition and it is hard to believe that Leonardo himself was responsible for anything so dull.”

Most critics seem to agree that the painting is far below Leonardo da Vinci’s typical standards, especially considering that Salvator Mundi has been dated to 1500. That would place its composition directly between The Last Supper (1498) and the Mona Lisa (1502). Jerry Saltz, art critic for New York Magazine, wrote:
 The painting is absolutely dead. Its surface is inert, varnished, lurid, scrubbed over, and repainted so many times that it looks simultaneously new and old.
Experts estimate that there are only 15 to 20 existing da Vinci paintings. Not a single one of them pictures a person straight on like this one. There is also not a single painting picturing an individual Jesus either. All of his paintings, even single portraits, depict figures in far more complex poses. Even the figure that comes remotely close to this painting, Saint John the Baptist, also from 1500, gives us a turning, young, randy-looking man with hair utterly different from and much more developed in terms of painting than the few curls Christie’s is raving about in their picture.
Writing for the New York Times, art critic Jason Farago agrees that this is not the “Male Mona Lisa” it’s been advertised to be.
Authentication is a serious but subjective business. I’m not the man to affirm or reject its attribution; it is accepted as a Leonardo by many serious scholars, though not all. I can say, however, what I felt I was looking at when I took my place among the crowds who’d queued an hour or more to behold and endlessly photograph “Salvator Mundi”: a proficient but not especially distinguished religious picture from turn-of-the-16th-century Lombardy, put through a wringer of restorations.
Most assessments repeat similar criticisms: the composition is totally wrong; the details don’t say Leonardo; if it came from his studio, it was probably done by an assistant; and, on top of it all, the thing is a shadow of its former self because it’s been so heavily repainted. One expert cracked a joke to Saltz at the viewing: “Why is a Leonardo in a Modern and Contemporary auction? Because 90 percent of it was painted in the last 50 years.”
So why would this subpar and possibly misattributed Leonardo fetch so much money? Because quality and authenticity don’t really matter in art sales as long as a few top gatekeepers can get on the same page about the value of a work. As art critic Blake Gopnik told Marketplace:
I’m not saying that this isn’t Leonardo. I’m also not saying that it is a Leonardo. I’m actually saying that it’s a kind of incoherent question to ask. It’s kind of like asking, “Is the moon Jewish, or is the sun gay?” Pictures, even today (let alone in the 16th century), can be all sorts of things between being by a great master and being by some assortment of assistance.
Art brings in huge prices because it carries cultural cachet, looks good in your home, offers access to high society, and above all, is a very convenient way to park some money. High-priced art is often used for money laundering, but even in legitimate circumstances, it’s just another way to diversify the ways in which your money is being stored if you’re an extremely rich person. And hey, it goes up in value all the time.

Speaking of extremely rich people, who paid for this? We don’t know, and if the buyer doesn’t want to say, we may never know. Liu Yiqian, a Chinese billionaire, was rumored to be the buyer, but he told The New York Times it wasn’t him. Another possibility is Bill Gates. He did pay $30 million for Leonardo’s journals back in 1994.

But that’s the story with this piece. We don’t know for sure that it’s authentic, we don’t know that it’s any good, and we don’t know who bought it. We just know that some people decided it was worth a buttload of money. And so it is.

Note EU-Digest: This report really shines a direct light on how decadent our so-called "Western Values" have become, when someone can spent close to half a billion dollars on a possibly fake da Vinci painting,  and  this while millions of children are dying as a result of famine, wars and other calamities, many of which the direct results of those same "Western Values". 

Read more: Someone Spent Almost Half a Billion Dollars on a Possibly Inauthentic da Vinci Painting 

Wednesday, November 15, 2017

Aircraft Industry: Airbus lands massive order; Alabama will help fill it - by Lawrence Specker

Airbus has landed a massive order for more than 400 new jets, and indications are that at least some of them will be made in Alabama.

In Germany, Der Spiegel took notice of the news as the largest single deal in the company's history. In the U.S., Kristi Tucker, director of communications for Airbus Americas, said that the arrangement struck at the Dubai Air Show had a definite connection to Airbus' Final Assembly Line in Mobile.

According to the report in Der Spiegel, the U.S.-based investment company Indigo Partners will buy 430 medium-range jets. The plan is to purchase 273 A320neo jets and 157 A321neos. They'll go to four airlines owned by Indigo: Frontier Airlines in the U.S., Chile-based JetSmart, Mexico-based Volaris and Hungary-based Wizz Air.

Airbus builds its A320-family jets at four locations in Toulouse, France; Hamburg, Germany; Tianjin, China; and Mobile. The company is often coy about saying exactly which plant will build the jets in a given order. However, the Alabama FAL was built primarily to serve customers in North and South America, where most of the jets ordered by Indigo Partners will be flown.

Read more: Airbus lands massive order; Alabama will help fill it | AL.com

Tuesday, November 14, 2017

Russia Medling In EU Politics: EU experts detect rise in pro-Kremlin false claims - Jennifer Rankin

The European Union’s counter-propaganda unit has detected an upsurge in pro-Kremlin disinformation and false claims about the political crisis in Catalonia.

In the run-up to and aftermath of the bitterly contested Catalan independence referendum, EU officials have seen an increase in false information published in Russian and Spanish.

“World powers prepare for war in Europe,” proclaimed the headline of the Russian-language site Polit Ekspert on the day of the Catalan parliament’s declaration of independence.

An article for the Kremlin-backed news agency Sputnik about a minor secessionist appeal on the Balearic Islands was given the headline “Independence movements: a contagious timebomb in a state that does not listen”.

Officials working at the East Stratcom taskforce in Brussels say they have seen an increase in disinformation linked to the Catalan referendum, in line with the explosion of media interest in the story.

The unit started work in September 2015 as part of an attempt to debunk fake news and improve understanding of EU policies in eastern Europe.

The findings emerged after Spain’s foreign minister, Alfonso Dastis, said intelligence suggested Russian hackers were targeting the European Union.

A Moldovan politician, Bogdan Ţîrdea, claimed in a Facebook post: “EU officials supported the violence in Catalonia.”

Spain raised the issue on Monday at a meeting of EU foreign and defence ministers in Brussels.

 Read more: Catalan independence: EU experts detect rise in pro-Kremlin false claims | World news | The Guardian

Monday, November 13, 2017

EU Military Pact - NATO Bye Bye ? Bloc forging ahead with its military integration to shake off US dependence

EU Military Pact: Ending participation in US Military adventures?
It took 70 years, but the European Union finally signed a pact today  (Nov. 13) agreeing to integrate military funding, weapons development, and deployment of European defenses. In a way, creating a unified mega army.

US president’s Donald Trump’s frequent accusations that EU countries do not pay enough into NATO has been one catalyst for them move forward with a unified plan for military cooperation. The other is that it could legitimately diminish the bloc’s dependence on US military support.

EU foreign policy chief Federica Mogherini, called the pact “historic” as “the real problem is not how much we spend, it is the fact we spend in a fragmented manner.” She also said it would strengthen the work of the US-led Nato.

Most positive is that it will provide the EU with an independent military policy which is not dependent on US foreign military strategies.

Read more: EU army: Bloc forging ahead with its military integration to shake off US dependence — Quartz

Sunday, November 12, 2017

The Netherlands: New government under pressure over dividend tax ' corporate blackmail' claims


Rutte:"Being good to corporations is good for Holland"
MPs have called on prime minister Mark Rutte to explain the new government’s decision to scrap the tax on dividends for a second time, amid mounting reports that Shell and Unilever put pressure on the coalition negotiators.

The move to scrap the tax, which will cost the treasury €1.4bn and only benefit foreign firms, was not included in any of the party manifestos and has been condemned by opposition parties.

Broadcaster NOS reported earlier on Thursday that it had been told Anglo Dutch firms Shell and Unilever and two other companies had urged the new coalition to scrap the tax. ‘There was a real threat that a couple of bigger Dutch firms would go to London,’

NOS correspondent Ron Fresen said. Shell and Unilever have headquarters in both the Netherlands and Britain and both have been considering their position in a post-Brexit economy. Shell said on Wednesday it welcomed the new government’s decision.

It has campaigned for the tax to be scrapped for at least 10 years. Unilever has said it will decide by the end of the year whether or not to keep its dual headquarter structure. The company has also said that it is pleased with all measures which strengthen the Netherlands’ position as an international business centre. Jobs

Prime minister Mark Rutte has said repeatedly that the measure is needed to keep jobs and to make sure the Netherlands remains an attractive location for foreign firms.

However, leading economists and the government’s own macro-economic think-tank CPB have also questioned the move. During Thursday’s debate, GroenLinks (Greens) popular  leader Jesse Klaver said the government had laid itself open to being ‘blackmailed’ by big companies.

Read more: New government under pressure over dividend tax 'blackmail' claims - DutchNews.nl

Saturday, November 11, 2017

USA: Chemical Industry: The Complete History of Monsanto, “The World’s Most Evil Corporation” – by E Hanzai

Of all the US mega-corps running amok, Monsanto has consistently outperformed its rivals, earning the crown as “most evil corporation on Earth!” Not content to simply rest upon its throne of destruction, it remains focused on newer, more scientifically innovative ways to harm the planet and its people.

1901: The company was founded by John Francis Queeny, a member of the Knights of Malta, a thirty year pharmaceutical veteran married to Olga Mendez Monsanto, for which Monsanto Chemical Works is named. The company’s first product is chemical saccharin, sold to Coca-Cola as an artificial sweetener.

Over the years Monsant has continued its unabated killing spree by creating pesticides for agriculture containing deadly dioxin, which poisons the food and water supplies. It was later discovered Monsanto failed to disclose that dioxin was used in a wide range of their products because doing so would force them to acknowledge that it had created an environmental Hell on Earth.

For the complete historical review of Monsanto and its operations and activities click  click here 

Friday, November 10, 2017

EU Grassroots Civic Entrepreneurs: Why Europe Needs Civic Entrepreneurs - by Alberto Alemanno and Michael Cottakis


Europe needs a new breed of entrepreneur. Not just tech entrepreneurs who freeride on our personal data before becoming philanthropists. But civic entrepreneurs who dare to empower society without impoverishing it through their innovative ventures. But who is a civic entrepreneur? She’s someone who dares to be entrepreneurial in the part of society that most needs it: our communities. Where people see gridlock and problems, civic entrepreneurs see opportunity and mobilize their communities on a forward path. Their recipe is to forge powerfully productive linkages at the intersection of business, government, education, and community, thus helping to generate new innovative civic institutions, practices and social norms. By operating at the grassroots level, they create collaborative advantages that empower their communities to compete on the world stage.

The question therefore is: how do we empower our civic entrepreneurs?

The efforts of these organisations are admirable, their impact burgeoning, but their collective – pan-European – influence still small. More widespread social innovation, fuelled by Europe’s civic entrepreneurs, will occur only if conditions exist for their mobilisation. We present some ideas on how to empower our civic entrepreneurs, through five concrete initiatives.
  1. Connect the dots to attain a critical mass: Despite their limited visibility, there exist hundreds of initiatives across Europe that offer innovative, low-cost solutions to challenges faced by society and its public authorities. Some of them are grassroots associations, others are social enterprises, sometimes do-thanks and emerging transnational political movements, such as DIEM. Unfortunately, these groups typically work across epistemic communities, don’t know each other, and lack opportunities to meet and exchange. To solve this conundrum, public authorities, civil society and businesses must create an enabling environment for mutual exchange. An EU Civic Innovation Fund, topped up by the private sector, can be geared towards fostering these linkages. Rather than being administered at EU level, it should follow a decentralized model closer to potential beneficiaries. This would support both transnational and local civic entrepreneurial projects which demonstrate the ability to bridge communities, and promote a fresh vision of a connected European society.
  2. Grow civic entrepreneurs: Being a civic entrepreneur requires training. Yet virtually no university or other institution offers dedicated academic instruction. What about an MCE – Master’s in Civic Entrepreneurship? Or better still, how about mainstreaming civic entrepreneurship into the school curriculum? More critically, how to shift away from a traditional disciplinary offering to a skills-based, hands-on education capable of streamlining civic skills across subjects? Erasmus was a pioneering programme in the mid-1980s. Today it must be substantially broadened, going beyond the student-exchange mode and be transformed – in line with President Macron’s recent proposal – so as to entail a required six-month stay abroad for students (not only in higher education but also in vocational trainings) and professionals. As such, it should include a core-competence component so as to improve EU literacy, foster civic entrepreneurship and include digital education.
  3. Empower the local community: Unemployment, particularly youth unemployment, has plagued the EU economy and society since the 2008-9 great recession. Meanwhile, as large metropolises increasingly dominate western economies, our small communities have become isolated and less productive, whilst providing less space for the emergence of start-ups, or the growth of SMEs. EU Growth and Innovation hubs should be set up across the Europe’s regions to combat this. These would involve partnerships between municipal/regional units, private enterprises, universities and civil society. They would allow a space for these cross-sectoral groups to determine and deliver community priorities together. By pooling financial, technical, and human resources, these hubs will be able to coordinate larger more innovative start-up projects than would otherwise be possible, creating more jobs and attracting outside talent. The EU Cohesion Policy might be re-organised around these hubs, directing towards them a substantial portion of funds per budget. The Local Enterprise Partnerships (LEPs) in the UK provide a useful template.
  4. Get academics’ hands dirty: While academics have been withdrawing to their ivory towers, historically they have contributed to the challenges of their surrounding communities. Time has come to instil a new culture of academic engagement that might inspire a new generation of scholars willing to turn theory into practice through start-up ventures. Recently, we witnessed the emergence of various civic labs and advocacy clinics. These new actors are dedicated to engaging students to provide free legal, policy and business advice to individuals and organisations that might otherwise struggle to pay for such services. Clinics promoting such entrepreneurship within the academic community should be co-designed and offered by universities and businesses working in tandem.
  5. Instil a culture of civic entrepreneurship: Recognition matters. An EU award or titles awarded annually by EU political, business and civil society leaders to high achieving civic entrepreneurs would generate a culture of recognition, inspiring others to undertake projects in the name of the EU good. Today virtually all EU-funded awards tend to be tied to ongoing EU research projects, thus leaving aside a wealth of bottom-up and genuine initiatives.
The nationalist/populist challenge in recent years has raised questions over the sustainability of globalisation. It has demonstrated that Europe’s existing civic institutions are exclusionary and fail to harness the true potential of the communities in which they operate. The result: a growing feeling of powerlessness among citizens. So, a new relationship between politics, people and societies, designed to furnish citizens with the tools for their civic and economic empowerment, must be invented. And, while still early, there are some promising signs.

Europe is witnessing the emergence of new forms of citizen activism and entrepreneurialism. Founded less than a year ago, Pulse of Europe organises meetings of pro-Europeans across the EU, bringing citizens to the streets in support of a united Europe and in defiance of populism. WeMove mobilizes 1 million Europeans on transnational causes, ranging from whistle-blower protection to the safeguarding of Europe’s forests. The Good Lobby is the world’s first advocacy skill-sharing community, connecting professionals with civil society organisations to give the latter a louder voice and training a new generation of citizen lobbyists. The 1989 Generation Initiative, with eight branches across Europe, uses a mix of crowdsourcing, citizen dialogues, and data analysis to produce policy proposals for the consideration of key EU decision makers. The Guerrilla Foundation helps activists and grassroots movements build pockets of resistance, through a participatory model of philanthropic giving. These are but few examples.

The health and survival of our European societies hinge on cultivating innovative, empathetic, caring and thoughtful entrepreneurs who have the effrontery to assert their voices in their own spaces and communities. Evidence points to a burgeoning space composed of civic entrepreneurs willing to rethink and reshape European society from the bottom up. Unfortunately, these initiatives are not supported, not even by EU institutions struggling to keep pace with social change.
Paradoxically only civic entrepreneurs will be able to overcome such an impasse. Demonstrating their worth will enable the breeding of a new generation of European entrepreneurs who measure their success not only in terms of revenues/earnings but their beneficial impact on society and the natural environment.

Read more: Why Europe Needs Civic Entrepreneurs

Thursday, November 9, 2017

The Netherlands: Dutch government under fire over tax cuts favoring big business - by Bart H. Meijer &Toby Sterling

Mark Rutte copies Trump's
Tax Proposals favoring corporations
The new Dutch government came under fire in parliament on Thursday, November 8, for scrapping a 15 percent dividend withholding tax, after a national broadcaster NOS said Shell, Unilever, Akzo Nobel and Philips had lobbied for the change.
Shell confirmed to Reuters it had sought the change, while Philips denied it.

Akzo Nobel declined to comment. Unilever would not say whether it asked for the change but it “welcomes measures that improve the business climate in countries where we operate.”

Prime Minister Mark Rutte has said the policy will help the country retain its appeal to foreign investors as it cuts other tax perks in response to concerns that Dutch tax policies have helped multinationals avoid paying fair taxes.

Note EU-Digest: Dutch PM Rutte (Conservative) seems to have copied the new US Tax proposals from the Trump Administration, favoring Corporations above the average taxpayers. To make matters worse Dutch tax payers will now pay 9% instead of 6% Vat Tax, on products they buy in the store and super markets. And like Trump, he has also increased the military budget. One should question if PM Rutte is aware that he lives in the Netherlands (EU) and not in the US.?

Rutte's government is also cutting its corporate tax rate to 21 percent from 25 percent.

Read more: Dutch government under fire over tax cut favoured by big business

Wednesday, November 8, 2017

Climate Action Summit: Snubbing Trump, California joins EU in joint climate push

Despite the decision of US President Donald Trump to pull out of the Paris climate accord, California is extending its joint efforts with the European Union to implement carbon markets and zero-carbon transportation policies.

European Commissioner for Climate Action and Energy Miguel Arias Cañete and Governor of California Jerry Brown met on November 7 in Brussels and agreed to step up cooperation on emissions trading and zero-carbon transportation.

“The EU and California are natural partners in the fight against climate change and have been pioneers in the early years of carbon markets and clean mobility,” Cañete said following his meeting with Brown on November 7.” Today we agreed to strengthen our cooperation so that we remain leaders in these areas – both of which will be key for achieving the goals of the Paris Agreement,” the Commissioner added.

For his part Governor Brown reminded that the world is truly facing a challenge unprecedented in human history. “If we come together and we see the truth of our situation, we can overcome it. We’ve fought great battles before and I hope that the European Union and California will be able to inspire the rest of the world,” Brown added.

On carbon markets, the EU and California will hold regular political and technical dialogues on the design and implementation of their carbon markets, including cooperation with other carbon markets such as China. Hosted by China’s Special Representative on Climate Change Affairs, Cañete and Brown will open a high-level event on carbon markets and the role of carbon pricing in China on November 14 at COP 23 in Bonn, the Commission said.

The EU and California will also work together to scale zero-carbon transportation solutions globally, including by bringing new commitments and new partners to the Global Climate Action Summit which California will host on September 12-14, 2018.

The Global Climate Action Summit will bring together leaders from all around the world and in every walk of life – from government to business, from science to faith, and from students to investors to non-profit leaders – who believe that climate change is an existential threat and are committed to rolling back the forces of carbonisation. The Summit will emphasise how subnational actors have already contributed to emissions reductions, spur bold new commitments, and galvanise a global movement for everyone to do more.

The EU is the largest carbon market in the world, with its emissions trading system a key part of the EU’s policy to reduce greenhouse gas emissions, while California also has a well-established carbon market, that is linked with markets in Quebec and Ontario.

Read more: Snubbing Trump, California joins EU in joint climate push

Tuesday, November 7, 2017

EU, EU Commission, EU Parliament, Multi Nationals, NIKE, Paradise Papers, Procter And Gamble, Tax evasion, The Netherlands

Dutch Tax Services
A Dutch tax inspector gave United States multinational Proctor & Gamble permission to move 676 million dollars to the Cayman Islands untaxed, Trouw reported on Tuesday based on its own investigation into the so-called Paradise Papers. As a result, the Dutch treasury missed out on 169 million dollars, or over 145 million euros, in taxes, according to the newspaper.

The Paradise Papers is the collective name for 13.4 million documents and emails about tax havens. The data was leaked to German newspaper Süddeutsche Zeitung, who shared it with global media through international journalist collective ICIJ.

According to Trouw, this decision, or so-called ruling, was made by a local inspector at the Rotterdam office of the Tax Authority in 2008. The inspector seems to have made the decision by himself, without consulting anyone else. According to the Tax Authority's rules, rulings involving such high amounts must first be submitted to a special team of ruling specialists. The Tax Authority acknowledged to Trouw that this ruling did not comply to the Authority's own rules. The spokesperson could not explain why or how this happened, and did not know whether local inspectors violated the rules in other arrangements with multinationals.

Trouw has the document showing the arrangement with Proctor & Gamble (P&G) in its possession. The American multinational is one of the largest suppliers of household and healthcare products in the world. In the Netherlands the company is known for brands like Oral-B, Always, Pampers and Gilette.

Over the past few years, such Tax Authority rulings were frequently subject to criticism, especially after the revelations of the and so-called with multinationals like . The Tax Authority doesn't reveal the content of such agreements, which means that the Tweede Kamer - the lower house of Dutch parliament - can't check the agreements. Despite the criticism, several State Secretaries did not scrap the rulings, as they make it more attractive for foreign companies to settle in the Netherlands, according to NU.nl.

These rulings must, however, comply to strict conditions. Former State Secretary Eric Wiebes of Finance sent a standard format of such rulings to the Tweede Kamer earlier this year as an example. It showed that rulings are subject to requirements like a description of the company's global structure, a signature of a second inspector and a list of conditions the company must comply with to keep the agreement from being annulled.

Trouw showed the agreement with P&G to Jan van de Streek, professor of Tax Law at Utrecht University. According to him, it looks nothing like the example ruling Wiebes sent to the Tweede Kamer. This agreement consists only of a two-page letter written on PricewaterhouseCoopers stationary, which refers only to a telephone conversation with the Rotterdam inspector. There is no sign of the other required data, the list of conditions or the signature of a second inspector.

Note EU-Digest: An interesting point is that in last weeks Parliamentary debate, whereby PM Rutte outlined the plans of the new Government the coming years,  he passionately defended to continue the Dutch Government policy of welcoming US multi-Nationals to the Netherlands with open arms - because as he said "it creates jobs". 

The truth of the matter is that even though there are several multi-national companies located in the Netherlands, most of the Multi-Nationals come to the Netherlands, mainly because the Netherlands is known as a Tax Haven for Multi National Companies 

As to the job creation in the Netherlands by US multi-Nationals referred to by PM Rutte, obviously some jobs are created, but in reality most jobs are the result of local small business activities and trade related business developments within the EU.

Read more: Paradise Papers: Dutch tax inspector allows U.S. multinational to evade $169 mil. in taxes | NL Times

Monday, November 6, 2017

Britain: The Tories won’t deal with this tax scandal. The fingers point too close to home - by John McDonnell

The revelations in the Paradise Papers leak have showed, once again, that our economy is rigged to the benefit of the powerful, the wealthy and giant corporations. While most of us are expected to – and do – pay the taxes that are due from us, a tiny minority operate under different rules. If you’re rich enough, you can join the same exclusive club – a world of offshore trusts and secretive tax havens, administered by offshore specialists like Appleby’s, the firm at the centre of current revelations. It is one rule for the super-rich and another for the rest of us.

What the 13.4m documents that comprise the Paradise Papers show, like the Panama Papers before them, is the sheer extent of offshore tax avoidance. The problem is endemic to the global financial system, and Britain is at the centre of it. Investigations over the summer revealed that more than £1 in every £7 that corporations placed in tax havens came through the UK – making it, with the Netherlands, the largest single conduit for corporate avoidance by some distance. Our historical connections to notorious tax havens such as Bermuda and the Channel Islands, along with the City of London’s massive financial infrastructure, make Britain an ideal sluice for finances seeking secrecy and dodging taxes.

This is not about a few individuals seeking to undermine the system, it is the system. It developed over decades, and ending the unfairness of it will require the serious, systematic efforts from committed governments here and across the world. Thanks to its historical links, Britain is uniquely placed to help end the scourge of tax avoidance, freeing up resources for essential public services like the NHS after years of grinding Tory spending cuts. Labour is absolutely committed to stamping out tax avoidance once and for all. We announced before the election the most comprehensive anti-avoidance programme ever published by a major political party in Britain and are pushing this government hard on the issue.

Read more: The Tories won’t deal with this tax scandal. The fingers point too close to home | John McDonnell | Opinion | The Guardian

Sunday, November 5, 2017

The Netherlands: Microsoft Signs New PPA for Wind Farm Electricity in the Netherlands - by Alyssa Danigelis

Microsoft signed a PPA with the Swedish state-owned energy company Vattenfall to purchase all the electricity produced from a new 180-megawatt wind farm being built in the Netherlands, according to an announcement this week. The farm will be located in the Wieringermeer polder, near Amsterdam, next to Microsoft’s data center operations.

The 10-year deal, one of the largest wind PPAs in the Netherlands, is Vattenfall’s first with a data center outside Nordic countries. Nuon, part of Vattenfall, will be responsible for constructing and operating the wind farm. Eventually the company plans to expand the project to include 100 windmills, according to Microsoft. “That will allow the production of approximately 1.3 billion kilowatt hours of renewable electricity,” the announcement says.

The tech giant’s data center operations in the Netherlands are a regional hub for Microsoft Cloud service customers in Europe, the Middle East, Africa, and beyond. Vattenfall and Microsoft already had a partnership prior to the PPA — the energy company uses Microsoft’s cloud-based tools for its business operations including the enterprise platform Azure for analytics.

Lately Microsoft has been on a roll with renewable energy. Last month the company signed a deal for 100% of the energy produced by GE’s new 37-megawatt wind farm in Ireland. Recently Microsoft opened a pilot for a data center in Seattle that uses integrated fuel cells and natural gas rather than power from the electrical grid. The company’s Cloud Infrastructure and Operations team hopes the fuel cells can one day work with renewable biogas instead.

The Wieringermeer site currently has 93 turbines that are set to be replaced with more powerful machines, Wind Power Monthly reported. “Combined with an adjacent extension the project’s additional capacity of 115 MW, Wieringermeer will have 100 turbines in total with a total capacity of 295 MW when completed,” reporter Craig Richard wrote. “Vattenfall will own 82 of these turbines, the nearby Energy Research Center of the Netherlands will own 17, and the remaining turbine will be reserved for local residents, the developer said.”

Construction on Vattenfall’s new wind farm is planned to start next year. The partners expect additional generation capacity to become available in 2020. Once the project is completed, it will likely be one of the largest wind farms in the Netherlands.
Read more: Microsoft Signs New PPA for Wind Farm Electricity in the Netherlands - Energy Manager Today