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8 Haziran 2015 Pazartesi

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CREDIT GROWTH IN TURKEY AT TARGETED LEVELS

Measures aimed at curbing demand for consumer loans moves credit volume growth to desired levels, Minister says


Turkey's economy administration is pleased with the trend of subdued growth in consumer loans in the last 18 months, Deputy Prime Minister Ali Babacan has said.
Speaking to the General Assembly of Banks Association of Turkey, Babacan said on Thursday that the slowing growth in consumer loans was much needed to address the chronic current account deficit problem in Turkey.
Babacan said: "The trends in the last one-and-a-half year are quite healthy in terms of loans especially. Consumer loans are not increasing as rapidly as in the previous term.
"The growth rate of commercial loans is reasonable and loans for SMEs continue to rise fast, this is very important. Our goals set at the beginning of last year were actualized."
Last year, the Central bank of Turkey and Banking watchdog introduced measures to curb the demand for consumer loans used largely for the personal consumption of imported goods, as the current account deficit posed a risk to the Turkish economy.
Babacan explained that there is direct correlation between loan volume and the current account deficit, and that current account deficit growth keeps pace with loan growth.
Babacan said: "If a credit is received for an investment, for SMEs, we clearly see the current account deficit sourced from this loan is temporary, as returns expected from this investment and additional exports would offset its share of current account deficit through exports.
"But the use of such loans, for financing imported goods targeted for consumers, is not healthy for the economy and should be regulated."

24 Mayıs 2015 Pazar

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No people there, only terrorists: Pro-Kiev governor eyes cutting road transport with rebel areas

The Kiev-appointed governor of Lugansk region plans to cut all road transport between Ukraine and the self-proclaimed Lugansk People’s Republic. On Friday, almost 170 freight trucks were prevented from crossing the border.
“Soon any crossings of the disengagement line [between areas controlled by the Ukrainian government and the rebels] for transport, including cars, will be cut. All motorways will be blocked. An exception would be made only for pedestrians,”
said a statement published on Gennady Moskal’s website.
Moskal, who was appointed as the head of “civilian-military administration” of the Lugansk region by Kiev, was reporting the seizure of two trucks, which were “illegally” transporting beer to the rebel-held areas. A video of the episode was published on YouTube.
“There are no people there, only terrorists. Normal people have all gone to our side,”
Moskal told a truck driver while studying cargo papers. “If you are feeding the terrorists, then you are aiding and abetting them.”
“But it’s all Ukraine. Nobody declared martial law here,”
the driver argues.
“I banned everything from crossing except cars and pedestrians. And starting 12th there would be only pedestrians. Because of the likes of you,”
the governor replies.
“Yesterday we detained 168 freighters, and they started rioting at the checkpoint and threatening me. I don’t give a f**k about your threats,”
Moskal continues. “As for the beer, let them drink urine!”
Earlier on Friday 168 freighter vehicles were prevented from going across the disengagement line by the Ukrainian authorities Moskal’s administration said they were going to smuggle goods to the rebels with the help of corrupt Ukrainian military.
In November 2014, Ukrainian President Petro Poroshenko ordered that all bank services be halted for the rebel-controlled areas. The move effectively made impossible many business transactions between those areas and the part of Ukraine remaining under the government’s control. In the dissenting areas it was viewed as an attempt to strangle the rebellion economically after a failure to do it through military force.
The blockade is meant to be canceled as part of the Minsk agreement, a peace roadmap brokered in February by France, Germany, Russia and Ukraine in the Belarusian capital, Minsk. There was a scaling down the level of violence in eastern Ukraine since then, but little progress in finding a long-term solution that would restore peace in Ukraine.


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Communication breakdown complicated response to Baltimore riots

When riots erupted in Baltimore last month moments after the funeral of Freddie Gray concluded, Maryland’s governor almost unilaterally declared a state of emergency after being unable to reach the city’s mayor.
Officials close to Baltimore Mayor Stephanie Rawlings-Blake and Governor Larry Hogan tell the Washington Post that a breakdown in communication between the two caused confusion to erupt on the afternoon of April 27.
By the end of that day, Gov. Hogan had activated the National Guard and city officials had decided they'd implement a curfew effective the following evening amid a wave of violence that eventually shuttered an estimated 200 businesses. Before a plan could be ironed out, however, Gov. Hogan reportedly prepared to act alone in lieu of letting delays on the part of the mayor risk making things worse.
READ MORE: Baltimore uprising: Solidarity protests spread across US LIVE UPDATES
Gray, a 25-year-old black man, died earlier in the month from injuries sustained while in police custody.
Hogan watched the chaos unfold from televisions inside the State House in Annapolis, MD, and called the mayor for an update at around 5 p.m. that afternoon, the Post reported. As matters escalated, though, Rawlings-Blake went an hour-and-a-half without informing Hogan about what her plan was.
In the interim, riots erupted across Baltimore as formerly peaceful demonstrations waged after Gray’s arrest on April 12 and his subsequent death started to turn violent. Police vehicles were set ablaze and property was destroyed during an hours-long rampage. There was no response from the mayor’s office until later in the evening.
Hogan had called an aide of his within the Emergency Operations Center in Baltimore, Keiffer J. Mitchell, and asked to be put in touch with the mayor, the paper reported. It took 90 minutes for Rawlings-Blake to return that call, however, and in the interim Hogan took it upon himself to draft two executive orders, each declaring a state of emergency, as he waited.
The aide informed Hogan that he may have to act without first speaking with the mayor.
“You’re going to have to make the call,”
Mitchell said.
The two orders drafted by Hogan, according to the Post, differed in that one said the mayor was consulted regarding the state of emergency and the other did not. Rawlings-Blake reportedly called Hogan at around 6:30 p.m. and the governor signed the declaration in which she was mentioned moments later.
Hogan's team had been “trying to get in touch with the mayor for quite some time,” the governor said that evening. “She finally made that call, and we immediately took action.”
Explaining the course of events to the Post, Rawlings-Blake said she deliberately took her time to best assess the situation.
“When you have a situation like this,
” Rawlings-Blake said, “whether I talk to people at 3:05 or 7:05, I didn’t want to give incomplete information or take my attention off the work that was being done to bring calm and peace to the city.”
But as the newspaper was quick to note, that inaction was the subject of the first question Rawlings-Blake faced when she finally held a press conference at 8 p.m. that evening to address the unrest.
Asked why she “waited five hours, all day, before your first announcement about what’s going on inside your city
,” the mayor said her administration had “been managing the situation.”
Kevin Harris, a spokesperson for Rawlings-Blake, told the Post that the mayor was “pissed off
” by the governor's remarks about “trying to get in touch” to no avail, and that she believed it was politicized and a “rookie move.”
Thousands of members of the National Guard descended on Baltimore as a result of the declaration, where they were joined by law enforcement officers from across the East Coast in patrolling the city and seeing that a curfew was honored. Hogan lifted the order last Wednesday, and two days later the US Department of Justice announced it was opening a federal probe of the Baltimore Police Department amid further accusations of excessive force.


12 Mayıs 2015 Salı

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Pentagon boosts alert level at military bases following ISIS threats

American soldiers walk around at the Taji base complex which hosts Iraqi and US troops and is located thirty kilometres north of the capital Baghdad on December 29, 2014. (AFP Photo)
The US military has increased the security level at US military bases due to unspecific warnings involving the radical Islamic State terrorist group. The alert level is now at its highest since the 10th anniversary of 9/11.
The order to boost the security level on US military bases to “Bravo” – the third of five levels of alert - was ordered by Admiral William Gortney, head of the US Northern Command (NORTHCOM), which commands all military installations on American territory.
The move comes just hours after FBI Director James Comey spoke out on the increasing threat of jihadist attacks being carried out on US soil.
Comey said Thursday there are "hundreds, maybe thousands" of individuals in the United States who are being inspired via social media platforms to carry out acts of violence on American targets.
"It's like the devil sitting on their shoulders, saying 'Kill, kill, kill,'''
Comey told reporters Thursday.
"We have a general concern, obviously, that ISIL is focusing on the uniformed military and law enforcement."
The Pentagon has come around to the view that IS sympathizers residing in the United States present enough of a risk to warrant boosting the security level.

A statement released by the Department of Defense said they share the “same concern about the potential threat posed by homegrown violent extremists, as discussed publicly by Director Comey and others."
US military brass said the change is “not tied to a specific, credible threat,”
though “recent events have led us to recognize the need to take prudent steps.”
READ MORE: US begins training anti-ISIS fighters in Jordan - report
Although Davis refrained from outlining exactly what new security measures would be enforced, he said US military bases and recruitment centers “are going to have increased vigilance and force protection.”
He added: “We seek to be unpredictable."
A Pentagon statement described the heightened security level as a means of protecting US military personnel.
“The USNORTHCOM Commander raised the baseline Force Protection Condition as a prudent measure to remind installation commanders at all levels within the USNORTHCOM area of responsibility to ensure increased vigilance and safeguarding of all DOD personnel, installations and facilities,”
the statement said. “This change, in addition to random drills or exercises, is a mean to ensure that we effectively execute our force protection mission."
In March, a group calling itself the Islamic State Hacking Division allegedly posted the names, photos, and home addresses of 100 US military personnel, urging IS followers to kill them.
The US military members' personal data was apparently not obtained through hacks on government servers, despite claims by the Islamic State, a Defense Department official told the New York Times, because personal information allegedly collected by ISIS "could be found in public records, residential address search sites and social media."
Nevertheless, it looks like the US military is taking the threats seriously.

View the original article here

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The German question


Seventy years after the end of World War II, and twenty-five years after the fall of the Berlin Wall, Germany is once again under the grip of ‘sturm und drang’, but this time barely registered in either East or West.

Without a serious attempt at myth busting, it’s impossible to discern what could be interpreted as a new, discreet German attempt at hegemony.
Contrary to a myth currently propagated by US ‘Think Tankland’, political Berlin under Chancellor Merkel is not a mediator between a still hegemonic US and an “aggressive” Russia.
The reality is Berlin, at least for the moment, would rather give the impression of singing Washington’s tune – with minor variations - while chastising Russia. That’s the case even when we consider the solid energy/trade/business ties with Moscow, as in Germany importing a third of its natural gas, and German industry/companies/corporations hugely invested in Russia.
Contrary to a second myth, political Berlin does not seek “stability” in Europe’s eastern borderlands, but rather outright vassalage. The relentless Eastern European integration to the EU, led by Berlin, was as much a strategy to open new markets for German exports as to erect a buffer between Germany and Russia. As for the Baltic States, they are already vassals; Germany is the largest trading partner for all three.
Yet another myth is that Berlin cannot lift – counterproductive - sanctions against Moscow as long as “security” of Central and Eastern Europe is not assured. The reality is that Germany would rather exert total political/economic control over the periphery of the former USSR.
As for the EU itself, now mired in a post-democratic, un-egalitarian, austerity-ravaged toxic environment, with no discernible way out, Germany already rules, politically and economically.

Amidst the current EU intellectual quagmire where, to quote Yeats, “the best lack all conviction, while the worst are full of passionate intensity”
– think puny neoliberal ideologues scurrying under their sinecures in that Kafkaesque temple of mediocrity, Brussels - a modern Diogenes would be hard pressed to find an informed observer capable of seizing up Germany’s game.

Thus the glaring exception of historian and anthropologist Emmanuel Todd, author of the seminal 2002 essay After the Empire which showed no mercy in its cartography of American decline. In a long 2014 www.les-crises.fr interview, centered on Germany, Todd hits the geopolitical ball out of the park.
Todd deeply worries about the West’s dysfunction – manifested at its prime in Europe being “virtually at war with Russia”. He sees the anxious, sick West’s “fixation” on Russia as the search for a scapegoat, or better, “the creation of an enemy, necessary to maintain a minimal coherence of the West. The European Union was created against the USSR; it cannot do without Russia as an adversary.”
And yet, behind the EU, there’s the real deal; the German project, which Todd identifies as a project of power, driven “to compress demand in Germany, to enslave the debt-ridden countries of the South, to put to work the Eastern Europeans, to throw some peanuts to the French banking system.” And that project of power could not but open the ominous door to Germany’s “immense potential for political irrationality” – a theme very much prominent now with all those rehashes of the fall of the Reich.
Todd identifies what Lacan would dub the great European non-dit (“not enunciated”); “The key to the control of Europe by the United States, which is the inheritance of the victory of 1945, is the control of Germany.”

Yet now the control is dissolving, albeit chaotically, and that means “the beginning of the dissolution of the American imperium.” And imperial decline – visible in myriad declinations – leads Todd to a bombshell; the real threat to the US, much more dangerous than Russia – “which is external to the empire” – is Germany.
And what about the threat to Russia from Germany? Todd strongly implies the populations of Russian language, culture and identity are being attacked in Eastern Ukraine with "the approval and support" of the European Union - which is a fact. At the same time, he interprets the Russian "silence" about it not "as in the French and the American case, a refusal to see reality
,” but as good diplomacy; "They need time. Their self-control, their professionalism, compels admiration." Try finding this kind of analysis in CIA-infested European corporate media.
So what Todd is essentially gaming here is “the emergence of a new face-to-face between two great systems: the American continent-nation, and this new German empire, a political-economic empire which people continue to call ‘Europe’ out of habit.
” And yes, he’s got a compelling case.
Using a political science concept coined by Belgian anthropologist Pierre van den Berghe, Todd qualifies the German system as “un-egalitarian domination”
; whatever equality is left concerns only the dominant, as in German citizens. Welcome, then, to Herrenvolk democracy - the “democracy of the master people.”
Todd bolsters his case by pointing to the dynamism of the German economy as based in the former USSR satellites; “Part of the success of our German neighbors stems from the fact that the communists were much interested in education. They left behind them, not only obsolete industrial systems, but also populations that were remarkably well educated.”
So “annexing” the populations of Poland, Czech Republic, Slovakia, Hungary, etc, meant Germany reorganizing its industrial base using low-cost labor. But then there’s a major “if”; Todd believes Germany might also “annex” an active population of 45 million in Ukraine, “with its good level of training inherited from the Soviet period.”
Not only that’s extremely unlikely; Moscow has been explicit this is a red line. Moreover, “Ukraine” is a failed state in terminal disintegration, now a lowly, de facto, IMF colony, whose only interest for the “West” is rich agricultural land to be plundered by Monsanto and cohorts.
The fun really starts when Todd examines the mess “classical American geopoliticians of the ‘European’ tradition,”
are in. He had to be talking mostly about notorious Dr. Zbig “Grand Chessboard” Brzezinski; “Obsessed by Russia, he hasn’t seen Germany coming.”
Todd correctly notes how Dr. Zbig “has not seen that the American military might, by extending NATO all the way to the Baltic States, to Poland… was in fact cutting out an empire for Germany, at first economic, but at present already political.”
And in parallel to what I have been examining for years now, he hints that “the extension of NATO to the East could in the end bring about a version B of Brzezinski’s nightmare: a reunification of Eurasia independently of the United States.”
The clincher is to be savored like the best Armagnac; “Faithful to his Polish origins, he feared a Eurasia under Russian control. He is now running the risk to go down in History as another one of these absurd Poles who, out of hatred of Russia, have insured the greatness of Germany.”
For the moment, political Germany – but not its industrialists - has chosen to continue to be subjugated to the US/NATO as Chancellor Merkel appears to be enforcing the encircling of Russia.
A general view show the Reichstag building, the seat of the German lower house of parliament Bundestag (Reuters/Fabrizio Bensch)
As Todd nailed it, Germany painstakingly organized its EU hegemony on the basis this disparate basket of nations would provide Berlin with the economy of scale to win against its main industrial competitor, the US. Yet Germany lacks energy – oil and gas. Supply from Africa and the Middle East is inherently unstable.
So this is how we come to another scenario circulating among what Bauman called “nomad elites of liquid modernity”;
not think tanks or Western intel agencies.
According to this scenario, instead of a EU trying to work with Russia, we have Berlin trying to undermine Moscow to ultimately seize financial control of Russia’s immense resources; back to those good old disaster capitalism Yeltsin days, when everything was collapsing other than Russia’s natural resource production.
After all the ‘New Great Game’ is mostly about control of the natural gas, oil and resources of Russia and Central Asia. Will they be controlled by oligarch fronts supervised by their masters in London and New York, or by the Russian state? And once Russia had been subdued, then the Central Asian “stans”, especially gas republic Turkmenistan, would also be free to do German’s bidding.
But for the moment, it’s all shadow play. Merkel utters platitudes about the Minsk ceasefire – when every serious player knows Kiev breaks it on an everyday basis. Berlin works backstage to keep the proverbial “reluctant players” – Italy, Greece, Hungary - on board with sanctions on Russia while spinning it’s doing its best to contain hysterical Poland and Lithuania.
Merkel is very much aware the US prosecutes much of its drone war out of Germany while the BND – German intel – spies for the NSA on the French, the European Commission (EC) and even German industry.
So she will never directly antagonize Washington – as she in fact mostly fears German Atlanticists, while posing about Putin and the Kremlin living “in a different world.” Berlin and Moscow continue to talk diplomatically, but the mood tends to the tone deaf.
Todd is one of the few who at least are setting alarm bells ringing. As in this formulation: “German culture is un-egalitarian: it makes difficult the acceptance of a world of equals. When they are feeling that they are the strongest, the Germans will take very badly the refusal of the weaker to obey, a refusal which they perceive as unnatural, unreasonable.”
Once again, we’re in the realm of exceptionalism, but now with the added, historically troubling German penchant for political irrationality. The new, remixed lebensraum may revolve around an ever-expanding export powerhouse – adding on global trade by using educated, low-cost labor. While the Reich disintegrated in a larger than life folly seventy years ago, the new deal accomplished a dream; as Todd characterizes it, there are two great “developed industrial worlds”
today, America and “this new German empire.”
He sees Russia as a “secondary question”
and he has not examined China’s long game; thus he’s not focused – as in my own case - on myriad moves toward Eurasia integration. But what he’s concentrating on is no less than a thriller for the ages, a “completely different future for the twenty years to come, other than the East-West conflict;” Germany rising – and the US and Germany inevitably clashing, all over again. History may yet repeat itself as (lethal) farce after all. The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of RT.
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Italy's Fiumicino Airport closed, terminal buildings evacuated due to fire & smoke

Rome's key airport, Fiumicino, closed after a fire broke out in an underground baggage storage area shortly after midnight. At least three people suffered from smoke inhalation, a fire brigade official told Reuters. The terminal buildings were evacuated.
Passengers who happened to be at the airport at the time of the accident shared photos of thick smoke on social media.
Up to 20 firefighting trucks attended the scene. The main highway linking Fiumicino to the capital was closed to allow emergency vehicles to pass.
Officials said there were no serious injuries, however.

The fire broke out in Terminal 3, which is used for international flights.

According to the fire brigade official, the blaze was under control. The cause of the fire is unknown, however.
The airport is expected to remain closed until 2pm (1200 GMT).


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