Decision Delayed On Delayed Airport’s Latest Delay

Late for a delayed press conference, which was then delayed again, Berlin officials have now announced their decision to delay their decision to delay Berlin’s delayed Airport’s latest delay.

Berlin mayor Klaus Wowereit, a Social Democrat who has made the Berlin-Brandenburg Airport his flagship project, wasted no time in delaying further comment for later, unless delayed.

“Wowereit is making the city look more and more ridiculous in international eyes.”

Clean Power Cleaning Us Out

The German textile industry, among others, is mad as hell and isn’t going to take it anymore. Not when it comes to having to pay billions into the governments way cool Ökoenergie-Förderung (clean energy surcharge = tax).

That is why three companies now plan to challenge this surcharge subsidizing renewable energy in court.

More good government in action again, I guess. Energy companies have to pay the price for electricity generated through renewable technologies, and transfer the extra cost on to their customers. While energy-intensive industries like aluminum or steel are free from the surcharge, most of the textile industry has to pay.

“You cannot get an energy turnaround for free.”

Angela Tea Party Merkel

“Wait a minute… This seems familiar to me. Romney and Ryan stole all this from Angela Merkel! That which the Tea Party wants to do is already being done by Merkel here, and for quite some time now: She wants to force other European states to save instead of just continuing to throw money at them.”

“With Ryan as vice-presidential candidate, the presidential election now has two clear and easily understandable alternatives: Obama wants to save the economy by going further into debt (financed through taxes) and pumping this into the economy. Romney and Ryan want to save the economy by lowering taxes (which should lead to more private investment) and forcing the state to save.”

Ich habe jedenfalls nie verstanden, warum die Deutschen die Tea Party nicht mögen. Logisch ist das nicht: Einerseits sind die meisten Deutschen erschrocken und verängstigt ob des schwindelerregenden amerikanischen Haushaltsdefizits und fest überzeugt, dass Amerika die Staatsschulden abbauen muss. Sonst würde es doch irgendwann zusammenbrechen oder von China aufgekauft. Gleichzeitig aber hassen sie die einzige politische Bewegung, die genau dafür kämpft – die Tea Party.

And now here’s some economist rap.

Friedman’s Prophecy

I don’t believe in prophets. I’m very skeptical when it comes to economists of all flavors, too.

But when looking around at what’s going on here in Europe these days and considering how even the Spiegel itself now warns us about investors preparing for the euro collapse, I can’t help but wonder if Milton Friedman didn’t have a functioning crystal ball after all.

“There is no historical precedent for such an arrangement (the euro). It involves each country’s giving up power over its internal monetary policy to an entity not under its political control. Such a system has economic advantages and disadvantages, but I believe that its real Achilles heel will prove to be political; that a system under which the political and currency boundaries do not match is bound to prove unstable.”

Now I’ll Call Swiss Bankers Organized Criminals

Unable or unwilling to address the real reason why Germans (who can) move their money out of this country to countries where their money is treated better, SPD boss Sigmar Gabriel has now accused Swiss banking of “legalizing tax evasion.”

Maybe if the German state wouldn’t burn as much money as it does, those being milked might consider leaving it here. And maybe before accusing others of criminal intent, he might want to ask himself if the now regular practice of dealing in stolen goods (buying CDs with lists of German Swiss account holders from informers) is really the way Vater Staat (Father State) ought to behave. And maybe, just maybe, this guy ought to think about trying something different than this tired old primative populism of his. Maybe.

“Was mich ärgert ist, dass wir hier offensichtlich nicht in der Lage sind, mal eine Schwerpunktstaatsanwaltschaft zu gründen.”

Capitalists To Pay For Occupy Cleanup

Sure, hauling away 300 cubic meters of garbage, hunting down all the rats and fixing up the green areas sounds like lots of fun and all, but somebody is going to have to pay for it, too. And it won’t be the occupants this time.

Yet another vicious blow to capitalism or something.

„Wer Schaden anrichtet, muss ihn auch begleichen.“

Occupy Camp Frankfurt Was Not For Nothing

Or so we are told. The movement has now merely become “invisible.”

Not even the most vehement anti-capitalist protesters can believe, I mean live, in this Dreck (crap) forever.

That is why German Police have now put up barricades around Camp Occupy (next to the European Central Bank headquarters) and are helping to carry out the last remaining activists for reintegration into that heartless, bourgeois world of showers, warm meals/beds and regular working hours (or at least that is their sincere hope).

But the movement will live on or something, albeit in a new “invisible” form. And I only find this appropriate as the movement’s arguments have been invisible from day one.

297 Tage existierte dieser utopische Zwergstaat im Zentrum der deutschen Finanzindustrie.

Pirates Shocked That Pirates Won’t Pay

Is this any way for a marauding mob of pilfering plunderers and freeloading freebooters to behave?

Worried about financial bottlenecks during upcoming election campaigns, Pirate party boss Bernd Schlömer has threatened to admonish dilinquent party members. Many (42 percent) have failed to pay their annual membership fee of 48 euros.

Nach Angaben von Schlömer haben rund 42 Prozent der mehr als 33.000 Mitglieder ihren Jahresbeitrag von 48 Euro noch nicht bezahlt. 

So Much For That Shootout

I still don’t know who Gary Cooper was here, but Mario Draghi just went from “I will do whatever it takes to preserve the euro” (and buy up Spanish and Italian bonds) to “the ECB may consider” doing so at a later date.

Needless to say, the markets were not amused. Cherchez la femme, I’d say (and it ain’t Grace Kelly).

What’s the hold up? Germany, perhaps. During a press conference afterwards, ECB vice-president Vítor Constâncio noted that only one member of the ECB was adamantly opposed to bond purchases. This seems to be a reference to Germany’s Bundesbank, which had vigorously opposed a central-bank bailout of Spain and Italy. And even though the Bundesbank doesn’t have a direct veto over ECB actions, it seems Germany, as the richest country in the euro zone, still has plenty of sway.

“For all the criticism of Merkel, she distinguishes herself from politicians on both sides of the Atlantic in that she has a plan.”

It’s High Noon

But which one is Gary Cooper?

Big spending Mario Draghi, the European Central Bank boss who is shooting for the outright central-bank purchase of European sovereign debt, or lonely Bundesbank chief Jens Weidmann (and pretty much the rest of conservative Germany) who is gunning to resist such a move as it would “dilute debt-laden governments’ incentive to reform, and lumber the central bank with too many risks and responsibilities, endangering its independence and credibility.”

And more importantly, who is Grace Kelly here and where is she when we need her?

“I will do whatever it takes to preserve the euro.”