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Member since: Wed Nov 17, 2004, 02:00 PM
Number of posts: 2,544

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German Court Backs ESM Rescue Fund in Double-Edged Ruling

Source: The Telegraph (UK)

Germany's highest court has cleared the way for ratification of the eurozone bail-out fund but capped German contributions and fired a cannon shot across the bows of the European Central Bank.

By Ambrose Evans-Pritchard
8:34PM BST 12 Sep 2012

Markets breathed a sigh of relief across the world after the Constitutional Court in Karlsruhe ruled that the European Stability Mechanism (ESM) and the EU’s Fiscal Compact are compatible with the country’s Basic Law. The euro surged to a four-month high of €1.29 to the dollar.
Yet it was a double-edged ruling, with plenty of cheer for the 37,000 citizens who had filed complaints in an outpouring of civic protest, including the neo-Marxist Left Party, the More Democracy movement and a core of eurosceptic professors. In keeping with rulings on the Lisbon Treaty and earlier rescues, the eight judges issued a “Yes, but” verdict, imposing constraints that greatly reduce Berlin’s room for manoeuvre in the future.
The court capped Germany’s ESM share at €190bn and ordered the government to “express clearly that it cannot be bound by the Treaty” if the limit is breached. This stops the ESM increasing Germany’s share if Spain and Italy seek top-up funding. “The cap could prove a real obstacle,” said Raoul Ruparel from Open Europe

Read more: http://www.telegraph.co.uk/finance/financialcrisis/9539695/German-court-backs-ESM-rescue-fund-in-double-edged-ruling.html

This is a very important story -- it should have been reported on LBN yesterday
Posted by cloudythescribbler | Thu Sep 13, 2012, 04:17 PM (0 replies)

Who's up for reviving the "Democracy Corps" to combat PIPA and SOPA?

I went to a link on this issue (on which I confess ignorance, so people more knowledgeable would have to take up the leadership on this) and was AMAZED at the number of Democrats, including progressive-leaning ones, who are undecided or supportive of this legislation.

Here's a partial list in the Senate (from http://www.opencongress.org/wiki/Protect_IP_Act_Senate_whip_count) this may not be totally up to date today: Akaka (HI, D, undeclared); Max Baucus, (D,MT, undeclared); Michael Bennett (D, CO, yes, cosponsor); Jeff Bingaman (D, NM, Yes, cosponsor),
Barbara Boxer, (I donate to her monthly) (D, CA, YES -- COSPONSOR); Sherrod Brown (who I donated to and whose office calls me all the time)(D, OH, yes, CoSponsor); Thomas Carper, (D, Delaware, undeclared); Robert Casey, (D, PA, yes, Cosponsor); Conrad, (D, ND, undeclared); Chris Coons, (D, Delaware, Yes, Cosponsor); Durbin, (D, Ill, Yes, Cosponsor); Diane Feinstein, (D, CA, Yes, Cosponsor); Al Franken (D, MN, yes, COSPONSOR) (another one I donated to); Gillibrand, (D, NY, Yes, Cosponsor); Kay Hagan (D, NC, Yes, Cosponsor); Inouye (D, HI, undeclared); Tim Johnson, (D, SD, Yes, Cosponsor); Amy Klobuchar, (D, MN, Yes, Cosponsor); Herbert Kohl (D, WI, Yes, Cosponsor); Mary Landrieu, (D, LA, Yes, Cosponsor); Leahy (D, VT, Yes, Cosponsor); Carl Levin (D, MI, undeclared); Lieberman (I, CT, Yes, Cosponsor); Robert Mendendez (D, NJ, Yes, Cosponsor); Patty Murray (D, WA, undeclared); Bill Nelson (D, FL, Yes, Cosponsor); Harry Reid, (D, NV, Leaning Yes); Bernie Sanders, (D, VT, Undeclared); Chuck Schumer (D, NY, Yes, Cosponsor); Jeanne Shaheen, (D, NH, Yes, Cosponsor); Debbie Stabenow (D, MI, Undeclared); Tom Udall (D, NM, Yes, Cosponsor); James Webb (D, VA, Undeclared); Sheldon Whitehouse (D, RI, Yes, Cosponsor)

Thus, nearly 40 Democrats and independents have are supporting or undeclared on this issue. A handful of members of both Houses flipped Wed, and a concerted effort by DUers and their friends, including to DELAY the vote, should be able to make some headway

Some people need to step forward to organize this, also for members of the House -- not just relying on individual initiative (which rarely comes close to organized effort)
Posted by cloudythescribbler | Thu Jan 19, 2012, 04:31 AM (2 replies)

Is there a list of where all Congresspersons stand on SOPA/PIPA? Where?

It would seem that with all the attention focused here and elsewhere (like Wikipedia) on this matter, that somewhere there should be an updated list of which Congresspeople have committed one way or the other on these issues and whose positions remain unknown.

I would like to know where there are links or discussions, other than the NY Times, and the reports of the six members of Congress who have flipped against them

Which members of Congress are leading the charge against these bills, and has anyone drawn up a replacement bill to address privacy in a way that the EFF would support?

Plz pardon my ignorance about this issue -- I am not really adept on the web
Posted by cloudythescribbler | Thu Jan 19, 2012, 01:09 AM (17 replies)
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