Archive for July 11th, 2011

News of the World: La fin d’une époque celle de Murdoch et de son empire - Demain ne meurt jamais

Monday, July 11th, 2011

A ne pas manquer cette semaine un article remarquable du Telegraph: Phone hacking: David Cameron is not out of the sewer yet (08/07/2011) - qui illustre parfaitement la crise politique très grave que déclenche l’affaire News of the World en Grande Bretagne et celui du journal The Independent : Hail the dawn of a healthier democracy (09/07/2011). -> News of the World: La fin d’une époque celle de Murdoch et de son empire - Demain ne meurt jamais

Steve Richards: Hail the dawn of a healthier democracy (independent.co.uk)

Monday, July 11th, 2011

We are living through a drama as significant for Britain as the banking collapse and with consequences that are far deeper than those that arose from the MPs’ expenses scandal. David Cameron’s appointment of Andy Coulson is only a symptom of a much bigger crisis, one that relates to the distorting power of Rupert Murdoch’s media empire, the influence that gave him over elected politicians and the nature of the subsequent stifled political debate in Britain. As Cameron acknowledged in yesterday’s press conference, a tentative holding operation that still managed to feel historic, he wanted the support of Murdoch’s newspapers before the last election and since. -> Read full article: Steve Richards: Hail the dawn of a healthier democracy (independent.co.uk)

Phone hacking: David Cameron is not out of the sewer yet (telegraph.co.uk)

Monday, July 11th, 2011

For more than three decades the most powerful man in Britain has not been a politician; it has been the brilliant but ruthless US-based media tycoon Rupert Murdoch, who burst on to the scene with the purchase of the News of the World in an audacious takeover bid in 1968. Within barely a decade he had built up a controlling interest in British newspapers. -> Read full article: Phone hacking: David Cameron is not out of the sewer yet (telegraph.co.uk)

Breaking the Power of the ‘Big Three’: German Firm Wants to Set Up New Rating Agency (spiegel)

Monday, July 11th, 2011

European politicians are blaming the escalation of the euro crisis on the major rating agencies, and are determined to break the monopoly of the “Big Three.” Supporters of an intiative by a German consulting firm to set up a European rival agency believe that their time has come. -> Read full article: Breaking the Power of the ‘Big Three’: German Firm Wants to Set Up New Rating Agency (spiegel)

Or will they fight EU and China at the same time ?

Monday, July 11th, 2011

China said it is looking into ways to regulate local government borrowing after ratings agency Moody’s said the proportion of bad loans could be higher than previously thought. -> Read more: Moody’s report sparks China local government debt probe (chinapost.com.tw)

Are US credit rating agency going to forget EU, and starting to fight China?

Monday, July 11th, 2011

Moody’s warns on China’s local debt (FT)

China may have understated the debt load of local governments by Rmb3,500bn ($541bn), a hole in public finances that is likely to inflict damage on banks, Moody’s Investors Service said on Tuesday.

In its first nationwide audit of local governments, China said last week that provinces, cities and counties owed Rmb10,700bn. At the time, many analysts praised the government, saying it was the most authoritative account yet of local debts and that it showed debt levels were manageable. -> Read full article on Financial Times: Moody’s warns on China’s local debt

The Libyan War, American Power and the Decline of the Petrodollar System (japanfocus.org)

Monday, July 11th, 2011

The present NATO campaign against Gaddafi in Libya has given rise to great confusion, both among those waging this ineffective campaign, and among those observing it. Many whose opinions I normally respect see this as a necessary war against a villain – though some choose to see Gaddafi as the villain, and others point to Obama.

My own take on this war, on the other hand, is that it is both ill-conceived and dangerous  – a threat to the interests of Libyans, Americans, the Middle East and conceivably the entire world. Beneath the professed concern about the safety of Libyan civilians lies a deeper concern that is barely acknowledged: the West’s defense of the present global petrodollar economy, now in decline… -> Read full article: The Libyan War, American Power and the Decline of the Petrodollar System (japanfocus.org)

Quand le leader des indépendantistes flamands avoue son admiration pour Nicolas Sarkozy (le monde)

Monday, July 11th, 2011

Dans un long entretien à la revue française Politique Internationale qui paraîtra le 12 juillet, le leader indépendantiste flamand Bart De Wever confie à plusieurs reprises son admiration pour Nicolas Sarkozy et affirme que s’il vivait en France, il serait membre de l’UMP. Pour le chef de l’Alliance néo-flamande (NVA), dont l’essentiel du propos est publié samedi 9 juillet par La Libre Belgique, le président français fait preuve “de conviction, d’intelligence et de travail”. “Il ose réformer et a une authenticité qu’on ne peut lui enlever”, ajoute M. De Wever, seulement surpris par “le style plutôt latin” de M. Sarkozy. -> Lire l’article: Quand le leader des indépendantistes flamands avoue son admiration pour Nicolas Sarkozy (le monde)

Libya: A campaign built on sand (Telegraph.co.uk)

Monday, July 11th, 2011
Four months ago, when David Cameron led the international call for military intervention in Libya, the general assumption within government circles was that Col Muammar Gaddafi, the Libyan dictator, would realise the game was up the moment Nato warplanes began bombing his forces. It did not seem to matter to Mr Cameron and his principal allies in the anti-Gaddafi campaign that the main purpose of UN Security Council resolution 1973, which provided the legal justification for military action, was to protect anti-Gaddafi rebels from the possibility of being massacred by forces loyal to their leader.

Together with French President Nicolas Sarkozy and US President Barack Obama, Mr Cameron demanded that the military offensive would end only when Gaddafi was removed from power, so confident was he in the operation’s likely outcome. At a stroke an operation conceived on the basis of liberal interventionism had been transformed into one determined to achieve regime change. -> Read full article: Libya: A campaign built on sand  (Telegraph.co.uk)

Paris conditionne le départ des alliés à un dialogue en Libye (yahoo.com)

Monday, July 11th, 2011

La France a fait évoluer dimanche sa position sur le conflit libyen, dont l’issue sera selon elle non pas militaire mais le fruit de négociations entre les parties en présence. Le ministre de la Défense, Gérard Longuet, a conditionné la fin de l’intervention alliée sous l’égide de l’Otan à la mise en place d’un dialogue entre les militants pro-Kadhafi et l’opposition. Il a évoqué un maintien du colonel Mouammar Kadhafi “dans une autre pièce de son palais, avec un autre titre”, tout en rappelant qu’une partie de son peuple demandait son départ. -> Lire l’article: Paris conditionne le départ des alliés à un dialogue en Libye (yahoo.com)