Tuesday, December 1, 2009

Surely this counts as good news

My attention was drawn to this story, which appears to have had no coverage in our media. Yet, it must count as good news from Iraq.
Thomson Reuters today announced that the Trade Bank of Iraq (TBI) will become the first bank in the country to connect to the international foreign exchange and money market community using the Thomson Reuters Dealing trading service.

By joining the professional international foreign exchange community through Thomson Reuters Dealing, TBI will for the first time be able to access liquidity and counterparties across global money markets electronically.

Until now, TBI has been managing its foreign exchange (FX) and funding needs by telephone.
It is something of a given among people who have anything remotely resembling good sense (i.e. not politicians or NGO personnel) that the best way forward for any country that is poor for whatever reason (in this case, years of appallingly corrupt and bloodthirsty dictatorship, then war and civil war) is to develop economically. Being able to integrate into the world financial system and to be part of a high-powered electronic system will help the Trade Bank of Iraq and, probably, other Iraqi banks. Thomson Reuters, one assumes, sees this as a profitable deal, rather than charitable activity.

It is, however, interesting that all the coverage of the story comes from Middle Eastern news websites, such as Al Bawaba, Khaleej Times and Trade Arabia. Was nobody else at the Dubai press conference or were they all too busy reporting Dubai's own financial travails? Apologies: CNN published the press release with other information.

Show time

This one is slightly unusual. First of all, it is stand-up comedy and not a musical interlude from a Hollywood movie; and secondly it is Eddie Izzard. What? I hear you cry. That arch-europhiliac? Well, maybe. I find it hard to take Eddie Izzard's politics seriously. His Russian accent that slides imperceptibly into Welsh (or French in another monologue), on the other hand, has me in stitches. Also, the man must be a cat owner or shares his life with one or more cats. He knows them so well.

Here is Eddie Izzard explaining what would have happened if the phyisiologist Ivan Petrovich Pavlov had conducted his famous experiments with cats instead of dogs. The Nobel Prize for medicine would have been a write-off.

Monday, November 30, 2009

Worried, are we?

The impression one gets about the Conservative Party is that they are worried little bunnies. Having told themselves and anyone within hearing distance that they were the party of the future, of change and hope and were going to sweep to landslide victory next May to sort out all the problems that appeared since 1997 (there being no history before that), they are now sounding a little less certain.


There are indications that you really cannot fool all of the people all of the time and the Cameron agenda is not being accepted in the country. After all, what is in that agenda beyond getting Brown and his family out of Number Ten and getting Cameron and his family in. Enough to vote Conservative? Not for many people as recent local and national by-election results and opinion polls demonstrate.

What would change the game would be the Conservatives presenting the electorate with some positive reasons for being elected: some ideas on the EU would help; general policies on education that would at least indicate how they intend to deal with the most fundamental problem this country faces; a few suggestions on healthcare that would show an understanding of long-term development; that sort of thing. Instead, we get a great deal of whining about ... well, just about everybody.

All bad things started in 1997 and the country was close to utopian existence before that if before that actually existed, seems to be the general party line.

Too bad that many of us recall the situation under the Conservative government, including such details as the Maastricht Treaty and the way it was railroaded through Parliament. (I sat through most of the debates in the Commons and spent some time helping those peers who wanted to pass a referendum amendment in the Lords. The leading one of them was Lord Pearson of Rannoch.)

We can also recall "Baker days" at schools, the destruction of O-levels and the transformation of perfectly good polytechnics into tenth rate universities. All of that happened under the Conservatives.

Enough already. The Tories' other great strategy is to attack the small parties that might attract voters. It has sunk into what passes for brains among Conservative strategists that quite a large number of people are so dissatisfied with the party and its leadership that they might vote for someone else. Or they might stay at home and not vote for anybody. Give 'em credit: it has only taken them three election losses to begin to understand that there is somewhere these people can go.


This is not a particularly intelligent strategy. In the first place, it raises those smaller parties to the same level and encourages people to consider seriously the pros and cons of voting for them.

It conveys and atmosphere of panic, not a good idea just over six months before the general election with several by-elections of various kinds to go before that.

The panic caused by the election of Lord Pearson of Rannoch to the leadership of UKIP is palpable, as the Boss has written on EUReferendum where he analyzes the first of, undoubtedly, many attempts to smear Lord Pearson or, at least, to present him as just another corrupt politician, so you might as well vote Conservative. Or something.


He refers to the rag in question as the Daily Scarygraph, which is a good name but I am old-fashioned and prefer to use the traditional moniker of the Daily Torygraph. This is particularly appropriate as the piece is nothing much but an attempt to bolster the Tories by being nasty about the man they appear to fear most. (Which tells you a great deal about the Tories but then you knew that, anyway.)

The Boss has done all the calculations, which yield pathetically low sums compared with what MPs have been allowed to snaffle. The Torygraph manages not to mention that peers do not get salaries and their expenses are conditional on their appearing in the Chamber. Despite that it is in the House of Lords that detailed scrutiny of Government Bills takes place, not in the House of Commons.

Lord Pearson and his UKIP colleague, Lord Willoughby de Broke, are hard-working peers. From experience I know that presented with briefs and documents they read through them though nobody pays them for the time spent on that. Equally, from experience I know that secretarial and research services have to be paid by the peers themselves with very little help from the House.

Lord Pearson has, on various occasions, paid for publications he thought useful in the debate to be distributed to various colleagues of his. This, too, is not mentioned in that silly article.

Somehow I doubt that it will have the desired result. The problem, as far, as the Tories are concerned is that Lord Pearson is someone many Conservatives feel they can trust. This has nothing to do with all that nonsense about him having "servants" on his estate; this is run as a business and the "servants" are employees.

It has nothing to do with him being upper-crust, which he is not or being involved in some country sports, which is not an upper-crust pastime in the country, especially not in Scotland. It has nothing to do with him being an old Etonian or with being on friendly terms with many political, business and social animals.

What it has to do with is the understanding that with all his various faults Lord Pearson is a man of principle. He is also a man of experience, having built up his own very successful business, running his estate as another business, setting up various charities and organizations that help charities and think-tanks financially.

He has helped Soviet and East European dissidents and victims of Islamist persecution; he was involved in the fight to save country sports and country businesses, particularly those that produce food; he has taken part in campaigns and set up organizations that help disabled children, their families and carers; he has defied all to bring Geert Wilders over to this country and to proclaim the importance of free speech; above all, he has fought the Euro-Monster for many years in the House of Lords, through his contacts in the business world and via determined correspondence with the BBC that is beginning to pay off.


As against that, we have David Cameron. Need I say more?

Still, the battle to ensure that UKIP is seen in a bad light continues. The Times, which was the first one to interview the new leader of the party, is now joining the fight. Today's article is all about UKIP members threatening to leave in droves because of the offer made by the new leader with the agreement of the old leader to Lord Strathclyde: UKIP would not stand in the general election if the Tories make that referendum part of their campaign.

Or something like that, as this was a pretty easy offer. Clearly, the Conservatives had never intended to give a referendum though it might have been more courteous to respond to Lord Pearson.


To be fair, the only people interviewed are the losing candidates, Gerard Batten and Nikki Sinclaire who are not showing themselves to be good losers and why should they. Their comments need to be taken with a very large dose of salt. Anyone else would be able to see that this whole saga is harmful to the Tories as it shows that as long ago as this summer they had given up on the idea of a referendum but continued to pretend.

Yes, but it is a story, I hear some readers say and the Times should be covering stories. Indeed, it should and it does not do so often enough, though it has been more assiduous on the question of "Climategate" than, say, the main part of the Torygraph. (Bloggers are excepted, particularly James Delingpole who ran with the story.)

Meanwhile, to show that those who attack UKIP are not the only mentally deficient members of the party, we have Eric Pickles coming out fighting against .... the BNP. For most of the day ToryBoy Blog led with the story of Eric Pickles, Conservative Party Chairman blasting plans to give the BNP more time on the media during election campaigns. It seems that he reacted to a "consultation paper from the broadcasting regulator Ofcom proposes that minority parties such as the BNP be given more Party Election Broadcasts and that those broadcasts could be shown during peak viewing hours", blasting plans by quangos (and which government made them a significant part of the political landscape?) to give more air time to "extremists".

Does this mean he does not mind more air time to non-extremist minority parties or he would accept more air time for international socialists but not national ones? Does he not realize that by making this point he once again plays the BNP's game? As, of course, does the Sun and that ridiculous organization, Nothing British to which I cannot even bear myself to link. Tim Montgomerie does. The comments on the piece are quite interesting. It seems that even Conservatives are beginning to get restive.

Sunday, November 29, 2009

Well put

Iceland's Minister for Agriculture and Fisheries, Jón Bjarnason, said at an international conference on coastal fisheries at Biarritz:
Iceland is a small island situated in the middle of the Atlantic Ocean with just over 300 thousand inhabitants. The foundation of our livelyhood lies in our natural resources; we must maintain sovereignty over our most valued assets, our economy, our culture and our future generations are depending on it. We can enjoy wide-ranging international cooperation without being tied up in the EU framework.

Given these circumstances, it is my firm belief that the future of our country is will be much better off outside European Union than inside.
It would be impertinent to add anything to that.

Ten Year Plan

In some ways the EU is more ambitious than the late unlamented Soviet Union was. Stalin had Five Year Plans (sometimes completed in three years), Khrushchev had one Seven Year Plan. The EU has Ten Year Plans.

It might be worth noting that those plans unroll regardless of changes in the national parliaments, elections, the Toy Parliament or even the Commission itself. This is not something that is clearly understood in Britain by politicians, political hangers-on or the media.

We learn from EUObserver that Brussels (as the EU is known not so affectionately in common parlance) is to start public consultation for the next Ten Year Economic Plan.
Still grappling with the fallout from the global financial crisis, the EU hopes the plan will help tackle pressing issues such as rising unemployment and return the bloc to solid economic growth in the longer term.

The final date for submissions is 15 January 2010, after which the commission will then finalise a detailed proposal to be submitted to EU leaders at the European summit next March. "Europe reduced unemployment from 12 percent to 7 percent in the decade to 2008. We now need new sources of growth to replace the jobs lost in the crisis," said commission president Jose Manuel Barroso in a statement.

In line with Mr Barroso's political guidelines for the next five years, the consultation paper points to the importance of greener and socially inclusive growth.
Whatever that last phrase may mean. I note that ComPres Barroso makes no reference to the number of jobs created in the private sector, possibly because the figure is too low to bother with.

EUObserver also adds that this new Plan will replace the old Lisbon Agenda that was going to make the European economy the fastest growing and most advanced by 2010. Mostly it was going to do it by making countries tick boxes on various score sheets. Not surprisingly, this contributed nothing to actual economic growth or advanced technology.

Even now there is a lack of understanding what creates a growing economy.
While welcoming the general themes in the paper, Eurochambres – an association that represents European Chambers of Commerce in Brussels – stressed the need for improved monitoring of member state implementation.

"Part of the blame lies with the 'Open Method of Co-ordination,' which leaves implementation to the goodwill of member states," said Arnaldo Abruzzini, Eurochambres Secretary General. "This method should be reviewed in the future 2020 strategy, and include more incentives for member states to deliver on their targets," he added.

The Open Method of Co-ordination is a monitoring system devised in the 1990s, under which member states "peer review" each other's progress in reaching targets. It is frequently cited as an important reason for the limited success of the Lisbon Strategy.

One way to improve implementation levels without the use of formal sanctions is by using the EU budget as a reward system, says Andre Sapir, a senior fellow with Brussels-based think-tank Bruegel.

"I think instead of sticks we need some carrots," he told EUobserver, outlining how member states that reach agreed targets could be rewarded under the EU budget.

"If you want to have a have better EU involvement, there needs to be a redirection of the EU budget towards the fulfillment of the plan's goals in general, and in some areas use some money to reward behaviour," he said.
Who, one wonders, will be contributing to this discussion? Well, there will be the usual NGOs and lobby groups and that nebulous entity, the civil society, which consists of preferred organizations, often funded by the EU, using the money extracted from that patient milchcow, the taxpayer.

Saturday, November 28, 2009

Confusion reigns

It is not really surprising that confusion surrounds the derailment of the Moscow-St Petersburg train yesterday, that may or may not have been caused by a "home-made explosive device". 26 people have been killed, around 100 injured and 18 still supposedly missing. Among those killed there are a few high-ranking official but that, in itself, means nothing. This would be the transport of choice for most of them.

There are various accounts from survivors but these are, as is the case usually, conflicting in the evidence they present. Some say they heard a big bang, some say there was no explosion just a sudden braking and derailment.

In the meantime, the head of Russia's FSB, Alexander Bortnikov, has said that traces of explosive material were found by the railway line. He is also quoted as saying that "hidden on the railway line between Moscow and St Petersburg, contained the equivalent of 7kg (15.4lb) of TNT". According to the BBC Russian Service [in Russian], Vladimir Markin, the official representative of the Investigative Committee attached to the Procurator, has also announced that this was a terrorist act and President Medvedev has called for calm.

As the Guardian reports, officials have not yet named whom they suspect of the putative terrorist attack but there is no doubt in most people's minds that the finger will be pointed at Chechnyan rebels and terrorists, though, apparently, a neo-Nazi group that opposes non-Russian migration into Russia proper, has claimed responsibility.

The Telegraph report helpfully points out that, while fighting may have died down in Chechnya, murders and terrorist attacks have increased in number. One has to admit, their list is not particularly useful as it lumps together various crimes instead of tryng to sort out who might have been responsible for what. Then again, the Russian government has never bothered to have a proper enquiry into the Beslan school siege or the Moscow theatre siege.

Because of that and because of the unresolved issues around those apartment block bombings that triggered off the second Chechnyan war and propelled Putin into real power, one cannot help being suspicious, which may well be unfair. My guess is that there are many people in Russia who are suspicious of what happened and are waiting to see the outcome. Others, of course, will have no hesitation in assuming Chechnyan guilt.

Friday, November 27, 2009

Shock news: UKIP is not suicidal

The BBC reports that Lord Pearson of Rannoch, whom this blog and EUReferendum has supported (for instance, here and here), has been elected to be Leader of UKIP. The votes cast were as follows:

Lord Pearson: 4,743
Gerard Batten: 2,571
Nikki Sinclaire: 1,214
Mike Nattrass: 1,092
Alan Wood: 315

Whether that is the entire membership or some could not be bothered to vote remains open to question but, as ever, one can repeat: if you can't be bothered you have no right to complain. Undoubtedly, they will, though.

Naturally, I think this is an excellent move. Pearson will be much better at organizing the party and raising money as well as not putting people's backs up than Nigel Farage ever was. On the other hand, Farage will remain the main spokesman, the known face and very articulate voice of the party. Unless they fall out (and I do believe Mr Farage knows the importance of keeping Lord Pearson and his colleague Lord Willoughby de Broke on side) this should be a good working relationship. One hopes that the losing candidates will not spend too much time sulking in their tents, if for no other reason than that nobody is going to bother to win them round.

Iain Dale has a very friendly and positive posting while Tim Montgomerie contents himself with reporting the news though he cannot restrain himself from posting a silly and irrelevant comment about a peer not having democratic legitimacy. Dear Mr Montgomerie, the leader of a party does not have to be an elected politician; it is when the government is run by them that we have problems. In any case, Lord Pearson has just been elected to the leadership by UKIP members. Most of the comments are the usual silly rubbish.

However, the most interesting development will be reading friendly words from the Boss of EURef about the Leader of UKIP. Woo-hoo!