FRANCE - France’s finance minister has called on the German establishment to watch its words when criticising his country’s economic policies, claiming barbs from Germany are fuelling the rise of anti-EU populists. Michel Sapin, who is under pressure from Brussels and Berlin to be more aggressive in cutting spending and in his reforms, said he was concerned by “certain extreme comments in Germany”. He called for mainstream parties to counter “outdated” stereotypes. “As minister of finance of France, I take steps I think are good for the country. I think people have to be careful from the outside on how they express views on France,” Mr Sapin told the Financial Times. “We really need to be careful, to respect each other and to respect each others’ history, national identity and points of sensitivity, because otherwise it will help extreme parties to grow.”
EUROPE - Just as Angela Merkel finished reminding France and Italy (again) that they weren’t making enough progress on tightening their budgets, a left-wing French politician reacted with a tweet, reading: ‘Shut your trap, Frau Merkel! France is free.’ The French MEP, Jean-Luc Melanchon, in the same tweet, continuing in French, told the ‘frau’ (woman) to concentrate instead on her own country’s poverty and crumbling infrastructure. This was in response to Merkel’s warnings for the two countries to trim their spending, which she outlined in a recent interview to Die Welt am Sonntag. "The Commission has made clear that what has been put on the table so far is insufficient. I would agree with this."
BRAZIL - The city of Sao Paulo is home to 20 million Brazilians, making it the 12th largest mega-city on a planet dominated by short-sighted humans. Shockingly, it has only 60 days of water supply remaining. The city "has about two months of guaranteed water supply remaining as it taps into the second of three emergency reserves," reports Reuters. Technical reserves have already been released, and as the city enters the heavy water use holiday season, its 20 million residents are riding on a fast-track collision course with severe water rationing and devastating disruptions.
JERUSALEM, ISRAEL - The Temple Mount is the historical location of the First and Second Temples, the holiest place in the world for Jews. Years ago, at the Western Wall, prayer was restricted – and today while an Israeli police chief vows to prevent government officials from visiting the Temple Mount, it is interesting to review history on a very similar subject.
MIDDLE EAST - Britain is to establish its first permanent military base in the Middle East since it formally withdrew from the region in 1971. The base, at the Mina Salman Port in Bahrain, will host ships including destroyers and aircraft carriers. The UK said it was an "expansion of the Royal Navy's footprint" and would "reinforce stability" in the Gulf. Bahrain will pay most of the £15 million ($23 million) needed to build the base, with the British paying ongoing costs. UK Foreign Secretary Philip Hammond, who signed the deal at a security conference in Manama, Bahrain, said it was "just one example of our growing partnership with Gulf partners to tackle shared strategic and regional threats".
JORDAN - Jordan is set to appoint 75 new guards to work at the Al-Aqsa Mosque compound, the director of the mosque said Friday. Sheikh Omar al-Kiswani told Ma'an that the new employees will begin work in the coming days. Israel eased restrictions again on Friday for the third week in a row, al-Kiswani said, although Israeli rightists are still frequently visiting the holy site. Employees are in regular contact with Jordanian officials to update them on the visits and other violations. Israeli security officials have been publicly mulling a bill recently to ban the presence of Muslim guards at the Aqsa compound.
GERMANY - The Bundesbank has dramatically downgraded its growth forecasts for the German economy to 1 percent in 2015, half the pace it had forecast in June. The organisation also slashed its growth outlook for this year to 1.4 percent, compared with its previous estimate of a 1.9 percent expansion. GDP growth is expected to pick up slightly in 2016, rising to 1.6 percent. The central bank cited a loss of “considerable momentum in the second and third quarters of 2014” as responsible for the drop to a flatter growth path in 2014.
EUROPE - Bond yields have fallen to the lowest level in modern history in Germany, France and the eurozone’s core states, signalling a high risk of deflation and mounting concerns about sanctions against Russia. The yield on German 10-year bonds fell to a record low of 1.11 percent in intra-day trading, partly on safe-haven flows. French yields dropped in tandem to 1.5 percent. These levels are far below rates hit during the 1930s or even during the deflationary episodes of the 19th Century.
EUROPE - Urgent action is needed to minimise the risk of a nuclear war, more than 120 senior military, political and diplomatic figures from across the world have warned. Ahead of the Vienna Conference on the Humanitarian Impact of Nuclear Weapons, which starts today, the experts wrote in a letter that the danger of such a conflict was “underestimated or insufficiently understood” by world leaders.
ITALY - At least 300 protesters clashed with riot police in an anti-austerity march in Milan, Italy, outside La Scala which opened its glamorous opera season. Activists threw Molotov cocktails and flares, leaving two officers injured. The demonstrators were protesting against the austerity policies of Italian PM Matteo Renzi. They demanded rights for social housing after authorities launched a series of squatter evictions. Among the protesters there were public workers and students who voiced their criticism against Italy’s labor reforms. About 1,000 officers attempted to hold back the protesters, who were carrying banners reading "fight the power", "we resist!" and “Jobs Act = Bad Jobs.” Some of the banners were slightly more radical…
UK - On 16 June 1941, as Hitler readied his forces for Operation Barbarossa, Josef Goebbels looked forward to the new order that the Nazis would impose on a conquered Russia. There would be no come-back, he wrote, for capitalists nor priests nor Tsars. Rather, in the place of debased, Jewish Bolshevism, the Wehrmacht would deliver “der echte Sozialismus”: real socialism.
USA - Cities across the United States have seen large protests in recent nights following a grand jury's decision not to charge an officer in the July killing of Eric Garner. An unarmed black father of six, Garner died after police put him in a banned chokehold.
Angry crowds hurled objects at police who retaliated in a second night of clashes in northern California following the death of a black man who was put in a chokehold by a New York police officer. Police fired gas after being targeted by what they called "explosives". They moved in to clear roadways as protesters swarmed freeway overpasses at two locations in Berkeley, a Reuters reporter saw.
SYRIA - Syrian officials demanded the UN impose sanctions on Israel after Tel Aviv conducted airstrikes near Damascus Airport. They say the attack was a heinous crime against their sovereignty by a country which doesn’t hide its policy of supporting terrorism. Tel Aviv committed a heinous crime against Syria’s sovereignty, said Syrian Foreign and Expatriates Ministry in two identical letters to UN Secretary General Ban Ki-moon and to the Chair of the UN Security Council, SANA news agency reported.
EUROPE - Draghi is right: the euro means a single government and a European superstate, and to pretend otherwise is intellectually infantile. The European Central Bank is facing a full-blown leadership crisis. Mario Draghi’s authority is ebbing, with powerful implications for financial markets and the long-term fate of monetary union. Both Die Zeit and Die Welt report that three members of the ECB’s six-strong executive board refused to sign off on Mr Draghi’s latest statement, an unprecedented mutiny in the sanctum sanctorum of the ECB’s policy making machinery.
USA - Paraphrasing American Professor Marilyn Edelstein’s words:
“University policies must now become more pluralistic, more multicultural, more sensitive to race, gender, class, personal orientation and disabilities. Universities need to minimize harassment, on campuses, on the basis of gender or race. In other words, we must all become more sensitive to other people.”
Well who would argue with that?